Shares of Mach Travel Solutions Limited rose on Tuesday after the company announced its empanelment with Indian Railway Catering and Tourism Corporation (IRCTC) for tourism and travel service management.
The stock climbed as much as 4.59% to an intraday high of ₹153.95, compared with the previous close of ₹147.20. It later pared some gains and was trading at ₹150.
The company has a market capitalisation of ₹315.56 crore.
IRCTC empanels Mach Travel
Under the empanelment, Mach Travel Solutions will provide travel and tourism management services for various IRCTC offerings across India.
The arrangement covers:
- Train tours
- Holiday packages
- Customized travel programs
- Pilgrimage tours
The company will also provide operational support through:
- Hotel bookings
- Transport management
- Catering assistance
- Tour guide services
- Customer support
- Travel logistics
Management comments
Amit Bhatia, Chairman and Managing Director, said the empanelment reflects the company’s travel management capabilities.
He added that Mach Travel Solutions is expanding its government and institutional projects business and plans to pursue similar opportunities.
Business model
Formerly known as Mach Conferences and Events Limited, the company has repositioned itself as a travel and mobility platform.
Its offerings include:
- Corporate travel management
- Flight and hotel bookings
- Holiday packages
- MICE services
- Inbound tourism
- Spiritual tourism
- Logistics and group travel solutions
The company also provides technology-based tools for enterprise customers, including:
- Self-booking systems
- Multi-level approval workflows
- Travel MIS dashboards
- Centralized travel management
Potential opportunity
IRCTC is one of India’s largest railway and tourism operators, serving millions of travellers.
The empanelment gives Mach Travel Solutions access to IRCTC’s tourism ecosystem and could help the company:
- Expand its customer base
- Increase revenue opportunities
- Strengthen its presence in government and institutional travel projects
The company said the partnership provides a platform for future growth, though execution and additional contract wins will determine the long-term impact.
Financial performance
For H2 FY26, Mach Travel Solutions reported:
- Revenue of ₹122 crore, up from ₹116 crore in H2 FY25.
- Net profit of ₹9 crore, compared with ₹6 crore a year earlier.
Over the last three years, the company’s:
- Revenue CAGR stood at 15%.
- Net profit CAGR stood at 25%.
Key ratios
- ROCE: 18.2%
- ROE: 14.3%
- EPS: ₹7.89
- Debt-to-equity ratio: 0.05
About the company
Mach Travel Solutions Limited, formerly Mach Conferences and Events Limited, provides corporate travel, MICE services and integrated mobility solutions.
The company has evolved from an event management business into a technology-enabled travel platform focused on corporate and institutional clients.
TL;DR
Mach Travel Solutions rose nearly 5% after being empanelled by IRCTC for tourism and travel management services. The arrangement will allow the company to support train tours, holiday packages and pilgrimage trips across India.
AI Summary
- Mach Travel Solutions gained after securing an IRCTC empanelment.
- The company will provide services for IRCTC tourism packages.
- Shares rose as much as 4.59% during Tuesday’s session.
- H2 FY26 net profit increased 50% to ₹9 crore.
- The company is expanding its government and institutional business.
