Annual reportSep 2026
Sep 2026 · General Updates 3 Sep - 17th AGM on 25 September 2026; annual report and notice web-links shared with shareholders.
Source: Nse
Wise Travel India Ltd. (WTICAB)
SME CapServices stocks · SME cap · NSE
Wise Travel India Ltd. (WTicabs) is a leading B2B mobility platform providing end-to-end transportation solutions for enterprises across India since 2009. It offers corporate car rentals, employee transportation, and project commute services through a technology-enabled, asset-light model, with a growing international presence.
₹97
-1.00 · -1.02%
Market cap ₹233 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result01 Jun, 07:42 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
27Bearishfull bear SMA stack · SMA20 -6.8% / mo · MACD +
Stock trend: 27
Sector RS: —
Services FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but exact sector-index confirmation is unavailable. View sector evidence
Technical chart
WTICABD candles · FIT view-3.7%Latest close ₹97.00 on 2026-10-19
Bar
+0.0%
RSI
44
MACD hist
0.45
52W pos
23%
2026-10-19O ₹97.00H ₹97.00L ₹97.00C ₹97.00Vol 500 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
WTICABNifty 500
- WTICAB
- -25.2%
- Nifty 500
- -5.6%
- Vs Nifty 500
- -19.6 pp
Chart stats
19 Oct 2026- From 52W high
- -42.9%
- 52W range position
- 23%
- ATR (14)
- 3.2%
- Volume vs 20D
- 0.05x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹92.1 - ₹102.5
₹170
₹75.2 - ₹170
₹3.1
Latest completed session
20-session average
27.6% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED69
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good72
Revenue +102.3% · PAT +41.7% YoY
Technical
Bearish27
Price trend and sector-relative-strength timing.
Valuation
Legacy model+70.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence65
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Good · 72/100Rev +102% YoY · PAT +42% YoY · +18% QoQ · margin compression
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹447 Cr | +102.3% | +17.6% |
| EBITDA | ₹50 Cr | NDF | +13.6% |
| Operating margin | 11.0% | NDF | -100 bps |
| PAT | ₹17 Cr | +41.7% | +21.4% |
| PAT margin | 3.8% | NDF | +12 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 8.13
- P/B
- 1.16
- EV/EBITDA
- 2.82
- Market Cap
- 233.00Cr
Profitability
- ROE
- 15.40%
- ROCE
- 15.90%
- ROA
- 5.81%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 81.00%
- EPS 5Y
- 82.00%
- Revenue 3Y
- 49.00%
- EPS 3Y
- 41.00%
Balance Sheet
- Debt/Equity
- 0.81
- Interest Coverage
- 6.71×
- Altman Z
- 3.39
- Book Value
- 84.60
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- 52.00 Cr
- EPS TTM
- 12.38
Shareholding
- Promoter Hold
- 69.25%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 24%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 827+50.6% vs prev
Net Profit
₹ CrLatest: 29.0+26.1% vs prev
Return on Equity
%Latest: 14.4+7.4% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 44. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~7.3% over last month) — short-term momentum negative.
- RSI(14) at 44 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 43% off 52W high · 29% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
21
RS percentile
Stage 4 Downtrend
1M return
-6.2%
3M return
-25.2%
6M return
-4.3%
1Y return
-38.3%
RS 1D
+1
RS 20D
-1
Sector rank
#12
Industry rank
-
Stage evidence
- Price is 7.2% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.8%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 59.85+0.00%
RS vs Nifty 50060
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation28/30
Growth19/25
Quality11/20
Balance Sheet8/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
-3
Raw sum
69
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
69/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 70.5%.
- Valuation contributes 28/30 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
8.1
PB
1.2
EV/EBITDA
2.8
ROE
15.4%
ROCE
15.9%
FCF Yield
—
Debt/Equity
0.8
MoS
+70.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
69
Previous: 69
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+70.5%
Previous: +70.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
69
69
69
69
69
69
70
70
69
69
69
69
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹153.51
+36.8% MoS
Growth-justified P/E
26.6
Growth-justified Value
₹328.69
+70.5% MoS
PEG
0.12
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
THOMASCOOK
Micro
Thomas Cook (India) Limited
Travel Services
match 50
50
21.2
9.2%
+35%
FAIR VALUE
DREAMFOLKS
Small
Dreamfolks Services Limited
Travel Services
match 49
36
—
3.8%
—
WATCHLIST
YATRA
Small
Yatra Online Limited
Travel Services
match 36
39
46.1
6.2%
-84%
WATCHLIST
EASEMYTRIP
Small
Easy Trip Planners Limited
Travel Services
match 34
20
—
-0.5%
—
OVERVALUED
TBOTEK
Large
TBO Tek Limited
Travel Services
match 22
39
65.7
17.4%
-99%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-06T03:11:59.796Z
Management commentary snapshot
FY26 Revenue surged 50.7% YoY to INR 8,265.3 Mn, with EBITDA up 74.6% YoY to INR 936.0 Mn, and PAT increasing 26.2% YoY to INR 294.7 Mn, demonstrating strong top-line and operating profit growth.
WTICAB delivered robust FY26 results with significant revenue and EBITDA growth, driven by its asset-light model and expanding client base. Management projects continued strong CAGR, supported by market potential in corporate and employee transportation, and strategic investments in technology and EV transition.
Current business mix
FY26 Revenue by Business Segment
Latest issuer-disclosed distribution across 7 reported categories.
AIRPORT5.0%
CRD20.0%
DUBAI3.0%
ETS26.0%
FLEET PRO12.0%
LTR17.0%
MSP18.0%
Growth engines
Employee Transportation Services (ETS)
Identified as a strategic priority for revenue CAGR of 35-40%, catering to a market projected to grow to INR 3600 Bn by 2030.
Corporate Car Rental Services
Identified as a strategic priority for revenue CAGR of 35-40%, targeting a market projected to reach INR 700 Bn by 2030.
International Expansion
Growing global presence in UAE & London (UK), with WTi Rent a Car LLC in Dubai and WTi Mobility UK Ltd. incorporated.
Technology Enablement & EV Transition
Investing in AI-led dispatch, predictive maintenance, smart pooling, and integrated mobility platforms; targeting 30% EV penetration by 2030.
Capacity and execution
International Market Entry
WTi Rent a Car LLC, a wholly-owned subsidiary, started in Dubai; WTi Mobility UK Ltd. incorporated in UK.
Domestic Subsidiary Incorporation
WTi Fleet Providers Private Limited incorporated as wholly owned subsidiary.
Tailwinds
Growing Corporate Car Rental Market
Indian Corporate Car Rental industry (INR 375 Bn) projected to reach INR 700 Bn by 2030 at 11% annual growth.
Expanding Employee Transportation Market
Employee Transportation industry (INR 3000 Bn) expected to grow to INR 3600 Bn by 2030 at a 5.34% CAGR.
Corporate ESG Alignment
Corporate ESG alignment driving EV demand, supporting the company's EV transition strategy.
Technology & Policy Driven Efficiency
GPS, IoT, real-time tracking, app-based booking, route optimization (10-20% fuel efficiency gains), predictive maintenance; 30% EV penetration target by 2030.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The presentation provides comprehensive full-year (FY26 vs FY25) and half-yearly (H2FY26 vs H2FY25) comparisons. Full-year data offers a more complete view of the company's overall performance and growth trajectory in this services business.
Sector KPIs management disclosed
Fleet Size
14,500+ vehicles
Client Base
800+ clients
Operational Reach
Services in more than 250+ locations across all states and union territories in India
Vehicle Network Composition
83% Vendor Operated, 13% Company Owned
Management forward view
Revenue Growth Target
Aims to attain a revenue CAGR of 35–40% through strategic investments.
Strategic Focus Areas
Emphasizing Employee Transportation Services, Car Rental Services, & consolidation of operations in 250+ cities.
Global Presence Goal
Ultimately establishing a significant global presence.
EV Transition Target
Targeting 30% EV penetration by 2030.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue CAGR | FY26 Revenue growth 50.7% YoY | Sustained 35-40% CAGR as projected by management. |
| EBITDA Margin | FY26 EBITDA Margin 11.3% | Maintenance or expansion of margins, given the asset-light model and EV transition benefits. |
| Debt to Equity | FY26 Debt to Equity 0.73 | Prudent capital management as the company pursues growth and investments. |
| EV Transition Progress | Embracing EV transition, targeting 30% EV penetration by 2030 | Specific milestones or reported progress on EV fleet adoption and related cost efficiencies. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
65Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 45th percentile of the scored universe and 50th percentile within Services. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
6 docs text-extracted · 3 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
45th percentile
overall median 67 · Services: 50th pctile, median 66 · SME: 56th pctile, median 64
Evidence depth
Financial-only
6 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
58
watch · capital discipline
Results
63
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 69.3%.
- ▸Promoter pledge is zero.
- ▸OPM spread across recent quarters is 3%.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸ROCE trend is -3.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Wise Travel India Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationJun 2026
Jun 2026 · PPT
Source: Nse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Concall transcriptJun 2025
Jun 2025 · Transcript
Source: Nse
Investor presentationJun 2025
Jun 2025 · PPT
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.