Wise Travel India Ltd(WTICAB)

NSE: WTICAB

₹ 91.95+3.08%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 219 crUpdated: 27 Oct 2026

About

Wise Travel India runs corporate car rental and employee transportation under the WTiCabs brand. It serves corporate and non-corporate clients in India and is expanding in Dubai and the UK. Reported revenue was 826.53 crore in FY26, and the company served 800+ clients. Its own fleet stood at 1,932 vehicles in FY26.^[1][2][3]

Business verticals

The company reports a single segment, car rental, under AS-17 as of FY26.^[1]
Revenue mix in FY26 (call): ETS (employee transport) 26%, CRD (corporate car rental) 20%, MSP (managed service provider) 18%, long-term rental 16%, Uber Black 12%, airport 5%, Dubai 3.25%.^[3]
Revenue mix in FY25: MSP 27%, CRD 26%, ETS 25%, long-term 11%, airport 5%, FleetPro 3%, Dubai 2%, lease 1%.^[4]
Revenue by geography in FY26: NCR 31%, Maharashtra 25%, Others 21%, Karnataka 16%, Tamil Nadu 7%, Dubai 3%.^[1]

Services and brand

Services as of FY26 include corporate car rentals (luxury cars, sedans, SUVs, coaches), employee transportation, fixed and monthly rentals, airport mobility, fleet management, MICE mobility, project transport, mobility consulting and community commute.^[1]
The company operates under the WTiCabs brand, with a 24x7 customer support and call centre, as of FY26.^[1]
As of FY26 it had 17 airport counters.^[3]

Fleet and utilisation

Own fleet was 1,932 vehicles in FY26 vs 1,226 in FY25: 795 added, 89 disposed.^[3]
FY26 fleet split was roughly ~1,000 Uber Black, 400 Dubai self-drive and ~500 corporate B2B vehicles.^[3]
Uber Black utilisation was 80% in the month before the Q4 FY26 call, against a target of 85%. Its EBITDA margin was 13% in FY26.^[3]
Dubai fleet utilisation was 85-90% in Q1 FY27 vs 92% in FY25.^[3][4]
The company handled 55 million trips in FY25 and operated in 130 active cities.^[4]

Subsidiaries

FleetPro (WTI Fleet Providers) earned revenue of INR97.7 crores in FY26 with 825 deployed vehicles. It posted EBITDA of INR13 crores and an accounting loss of INR80 lakhs.^[3]
Dubai subsidiary WTI Tech Car LLC almost doubled revenue to ~INR27 crores in FY26, with PAT of INR1.28 crores and about 400 vehicles.^[3]
WTI Mobility UK Ltd, a wholly owned subsidiary, had not yet started operations as of FY26.^[1]

Customers

The company served 800+ clients across diverse industries in FY26 vs 650+ in FY25.^[1][4]
As of the Q4 FY25 call, WTi supplied more than 70% of the Uber Black fleet in Bangalore, Mumbai and Delhi.^[4]
Debtor days were 95 in FY25, up after the company crossed MSME thresholds. Management targeted 75-80 days.^[4]

Expansion plans

The company plans to add at least ~1,000 cars to its own fleet in FY27.^[3]
It targets a UAE fleet of at least 3,000 vehicles within 2-3 years, and Dubai revenue of INR100 crores+ by FY30.^[3]
It plans to expand to Saudi Arabia once Dubai profitability is established (Q4 FY26 call).^[3]
Management guided 30-35% revenue growth for FY27.^[3]
There were no capital commitments for car purchases as of 31 March 2026.^[1]

Recent developments

Indonesian subsidiary PT WTI Trading and Mining Ventures was liquidated effective 29 October 2025.^[1]
London car bookings through wticabs.com were launched via partners, with no owned fleet there (Q4 FY25 call).^[4]

Market Cap

₹219 Cr

High / Low

₹170 / 75

Stock P/E

7.8

Price / Book

1.2

Book Value

₹85

EPS

₹12.4

No. of Shares

2.38 Cr

ROCE

16.6%

ROE

15.8%

OPM

6.2%

Debt / Equity

0.73

Sales

₹827 Cr

Net Profit

₹29 Cr

Promoter holding

69.3%

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