Yatra Online, Inc. YTRA

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
43/100
Developing

Ranked against 19 peers in Travel Services

About Yatra Online, Inc.

Yatra Online, Inc. operates as an online travel company in India and internationally. It operates through Air Ticketing; Hotels and Packages; and Other Services segments. The company offers travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also provides various services, … Full YTRA analysis →

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.76), demonstrating pricing resilience across cycles.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.88), providing operational cushion.

Key risks

  • ROIC Below WACC or Peers ROIC at 5.9th percentile suggests inefficient capital deployment.
  • Scale Without Profitability Despite scale, profitability lags peers (score 0.32), suggesting limited competitive advantage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
49
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where YTRA ranks in Travel Services

Yatra Online, Inc. ranks #14 of 20 scored companies in Travel Services by moat score — the top 70%. The widest moat in the group is Booking Holdings Inc. Common St (BKNG) at 76/100.

# Company Moat score Rating
10 Carnival Corporation CCL 52/100 Moderate
11 TripAdvisor, Inc. TRIP 51/100 Moderate
12 Lindblad Expeditions Holdings I LIND 45/100 Developing
13 Tuniu Corporation TOUR 45/100 Developing
14 Yatra Online, Inc. YTRA 43/100 Developing
15 Norwegian Cruise Line Holdings NCLH 40/100 Developing
16 Inspirato Incorporated ISPO 33/100 Developing
17 Inspirato Incorporated ISPOW 29/100 Developing
18 NextTrip, Inc. NTRP 9/100 Weak

See every General Corporate company ranked by moat score →

How YTRA scores on the Corporate Default defenses

Pricing Power

Score 49 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 41 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 41 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 34 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 60 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 37 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding YTRA's moat

What is Yatra Online, Inc.'s moat score?

Yatra Online, Inc. (YTRA) scores 43 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #14 of 20 scored companies in Travel Services, the top 70%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Travel Services. Its strongest defense is Resilience (60/100) and its weakest is Capital Efficiency (34/100).

How does Yatra Online, Inc. compare with other Travel Services companies?

Yatra Online, Inc. ranks #14 of 20 scored companies in Travel Services by moat score. The widest moat in Travel Services is Booking Holdings Inc. Common St (BKNG) at 76/100. The companies ranked closest are Tuniu Corporation (TOUR) at 45 just above it and Norwegian Cruise Line Holdings (NCLH) at 40 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Travel Services. The defenses are then weighted to produce the overall score out of 100.

Why is Yatra Online, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Yatra Online, Inc.?

The Corporate Default template measures 6 defenses, and YTRA scores: Pricing Power (49), Cost Advantage (41), Customer Stickiness (41), Capital Efficiency (34), Resilience (60), Scale & Market Position (37). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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