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International Travel House

Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=393
Printed Date: 19/Apr/2025 at 7:18am


Topic: International Travel House
Posted By: go4lalit
Subject: International Travel House
Date Posted: 23/Sep/2006 at 4:12pm
International Travel House is a company promoted by ITC. It provides services ranging from Corporate Travel, Conf management, Car Rental etc. Citibank, Infosys, Siemens are its clients. With a market cap of below 200 crore, this company looks very promising.
 
Please give your comments about this company.
 
Also please if any of you have experienced their service, please share your experience as well.


Replies:
Posted By: praveen
Date Posted: 14/Oct/2008 at 3:35pm
Another mispriced bet at CMP. One of the largest player in the CAR rental space with 500+ cars with a depreciation policy in 4 years. Generally average age of cars is much higher. (Close to 7-8 years) so ROCE to jump in years to come
 
BV = ~77
PE = ~5x
Debt = Negligible
EV/EBITDA = 3x
Div yield of over 4%
P/Cash EPS  = 3x
6 year sales CAGR = close to 18%
It should grow in upwards of 15% for some years to come.
 
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Remember a 5x PE stock growing at 15% with an exit multiple of 10x gives you an IRR of 32%! and thats without taking div into consideration.
 
 
Regards,
Praveen


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The quest for knowledge is a never ending Journey

Posted By: praveen
Date Posted: 06/Nov/2008 at 3:13pm

Another steady qtr Sales at 20 cr and profits at 3 crs.  Infact margins improved a bit. Current market cap is 60 odd crores. Roughly equates to 20% earnings yield!! (earnings/Market cap)



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The quest for knowledge is a never ending Journey

Posted By: nitin_jagtap
Date Posted: 06/Nov/2008 at 3:25pm

Competition in this sector is hotting up with lot of organised private  players coming into this business ...I assume all this is in the price.



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Warm REgards
Nitin Jagtap

Posted By: praveen
Date Posted: 06/May/2009 at 11:51am
Another steady year. With EPS of Rs 10/-(down 25% from year earlier) and dividend of Rs 3/- Not the best bet under current market conditions but a counter to keep an eye on. I expect an promising future for this company over the longer term.

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The quest for knowledge is a never ending Journey


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