Easy Trip Planners (Easemytrip) – An outlier in OTA

Hi @VijayBenda,

Thank you for sharing your thoughts. You said “I might either loose…” – Charlie Munger said, “You don’t have to pee on an electric fence to learn not to do it.”

As indicated by Nishanth, the thread is rich with information, and all the details are there. However, you mentioned some data points, so let me respond to them:

460 cr – They don’t have that much cash. They may have less than 100 cr. Please recheck. Indeed, they went negative on cash in FY 23, then did some QIP/warrant @ Capriglobal.

Bonus issue: Smart move to distribute cash? How???
A bonus issue has no impact whatsoever. It’s similar to asking whether you want a pizza in 4 or 8 slices—does it make any difference?

I was banging my head when I saw the shareholding data of EMT:
When the promoter held 75% / public held 10% with Nos of shareholder 47,600,
Now, the promoter holds 64.3% / public holds 30.5% with Nos at 744,165 (15x).
Recent data will be more horrible.