Trade Wings Ltd.
BSE: TRADWIN · Tour, Travel Related Services · sector
Key numbers
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 18 companies in Tour, Travel Related Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6 cr vs borrowings ₹18 cr (FY26): borrowings are higher by ₹12 cr.
- Operating profit covered interest 1.2x in the last 12 months.
- Net loss in 2 of the last 6 quarters.
- Other income was 630% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹541.00 on 2026-10-21: -36.1% from the 52-week high, +858.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 63 | 68 | 59 | 67 | 68 | 68 |
| EBITDA | 3 | -1 | -2 | 1 | 2 | -2 |
| OPM % | 4.6% | -1.3% | -4.2% | 1.4% | 2.6% | -3.0% |
| Other income | 2 | 2 | 2 | 2 | 2 | 2 |
| Net profit | 3 | 0 | -2 | 1 | 3 | -1 |
| EPS (₹) | 20.10 | 0.53 | 6.47 | 4.05 | 9.88 | 2.93 |
| Revenue YoY | +7.9% | +0.4% | ||||
| Profit YoY | -1.7% | -650.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 72 | 180 | 208 | 249 | 262 | 262 |
| EBITDA | -3 | -2 | -2 | 2 | -1 | -2 |
| Net profit | -2 | 0 | 0 | 3 | 2 | 1 |
| EPS (₹) | -5.72 | 0.43 | 0.19 | 25.36 | 7.98 | 23.33 |
| Revenue growth | +149.2% | +16.0% | +19.7% | +5.1% | – | |
| Profit growth | – | -53.8% | +5,616.7% | -30.3% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +13.4% | – | – |
| Net profit | +164.1% | – | – |
| EPS | +164.8% | – | – |
| Share price | – | – (2y) | +1,050.1% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | -11 | -9 |
| Borrowings | 21 | 18 |
| Cash & equivalents | 6 | 6 |
| Total assets | 57 | 56 |
| Fixed assets | 24 | 22 |
| Capital work in progress | – | 0 |
| Investments | 0 | 0 |
| Receivables | 22 | 21 |
| Inventory | 2 | 2 |
| Payables | 13 | 12 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 7 | 4 |
| Cash from investing | -1 | -0 |
| Cash from financing | -3 | -4 |
| Capex | 1 | 2 |
| Free cash flow | 6 | 2 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | -31.6% | -26.1% |
| ROCE % | 64.4% | 63.3% |
| Debtor days | 32 | 30 |
| Inventory days | 3 | 3 |
| Payable days | 24 | 20 |
| Cash conversion cycle (days) | 11 | 13 |
| Working capital days | -19 | -16 |
Peers in Tour, Travel Related Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| IRCTC | ₹35,092 cr | 25.2x | 8.2x | 35.0% | 43.9% | 30.8% | +13.8% | 2.17% |
| TBOTEK | ₹16,449 cr | 61.2x | 10.6x | 19.3% | 17.0% | 13.8% | – | – |
| BLS | ₹8,611 cr | 12.2x | 3.5x | 33.6% | 31.8% | 27.3% | +25.5% | 1.51% |
| CORDELIA | ₹6,467 cr | – | 8.9x | – | – | – | – | – |
| IXIGO | ₹6,402 cr | 42.7x | 2.9x | 10.5% | 9.1% | 10.1% | – | – |
| THOMASCOOK | ₹4,206 cr | 19.1x | 1.6x | 9.1% | 14.1% | 4.8% | +18.5% | 0.67% |
| EASEMYTRIP | ₹2,196 cr | – | 2.7x | -6.9% | -6.9% | -14.3% | +6.1% | – |
| YATRA | ₹1,194 cr | 30.4x | 1.4x | 3.9% | 5.2% | 6.7% | – | – |
| MACHLTD | ₹453 cr | 29.0x | 4.5x | 16.6% | 20.7% | 8.5% | – | – |
| TRADWIN | ₹162 cr | 23.2x | – | – | 50.1% | -0.7% | +13.4% | – |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Travel related services | ₹70 cr | 99.2% | ₹-0 cr | -0.5% |
| Cargo and others | ₹1 cr | 0.8% | ₹0 cr | 6.7% |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Tour, Travel Related Services |
| Sub-industry | Tour, Travel Related Services |
| Symbol | TRADWIN |
| BSE code | 509953 |
| ISIN | INE961E01017 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-24 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-21.