Ecos (India) Mobility & Hospitality Limited was initially established as ET TRAV-AIDES Private Limited on February 15, 1996. The company plays an important role in India’s mobility and hospitality industry. It primarily focuses on providing chauffeured car rentals (“CCR”) and employee transportation services (“ETS”). Ecos (India) offers a variety of services, such as car rentals and corporate mobility solutions, serving different customer segments nationwide. In 2008, the company underwent an important change, rebranding itself as Ecos (India) Mobility & Hospitality Private Limited to better reflect its expanded range of services. What’s more, in March 2024, the company transitioned into a public limited entity, ushering in a new phase of growth. As of FY24, it possesses 750 owned vehicles and operates 12,166 vehicles on lease.

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• Established Market Presence
• Diverse Service Portfolio
• Strong Promoter Backing
• Customer-Centric Approach
• Technological Integration
• Experienced Management Team
• Expanding Geographic Reach

• Debt Repayment or Prepayment
• For general corporate purposes.
• Funding Working Capital Requirements
• Merger and Acquisition purpose

The company stands out as a top player in the Rental Car and Employee Transport Vehicle Services sector. It has a good profit margin of 11%, compared to the peer average of 7.9%, while its P/BV is at 11.3, higher than peer average of 6.9, based on FY24 data. The increasing flow of passengers, the rising necessity of the employee transport services, the company is poised to benefit. Also, the company is expanding its presence in tier-2 and tier-3 cities, so we recommend to subscribe for listing gains only. Long-term investors should wait for atleast next two quarters to assess profitability and margins