Anand Rathi Books a Bullish Trip with TBO Tek—Targeting ₹1,500!

TBO Tek Gets a Buy Call from Anand Rathi, Sets Sights on ₹1,500 Target

TBO Tek Ltd. has caught the attention of leading brokerage Anand Rathi, which has issued a bullish ‘Buy’ recommendation with a target price of ₹1,500. The stock is currently trading at ₹1,322.75, offering a potential upside of over 13% from current levels. TBO Tek, a key player in the global travel distribution space, has shown robust financial performance, reporting a consolidated total income of ₹462.54 crore for Q4 FY25, up 23% year-on-year, and a net profit of ₹58.91 crore.

 

Anand Rathi’s optimism is driven by expectations of a 23.2% CAGR in overall revenue between FY25 and FY27, led by strong growth in hotels and ancillary segments. The brokerage anticipates EBITDA margins to improve by 100 basis points to 18.5% by FY27, translating into a 22.3% EPS CAGR over the same period. While the airline segment is expected to remain flat, TBO Tek’s aggressive expansion into new geographies and increased sales investments are seen as key growth drivers.

 

However, near-term margin pressures and risks such as buyer retention and external travel disruptions remain. Promoter and institutional confidence is evident, with promoters holding 44.41% and FIIs 31.61% as of March 2025. Investors are advised to watch for execution on expansion plans and margin improvement in the coming quarters.

 

Source: The Economic Times, Moneycontrol