---
title: "Asian Hotels (West) Ltd (AHLWEST) — Share Price, Financials & Analysis"
symbol: "AHLWEST"
company: "Asian Hotels (West) Ltd"
canonical: "https://tapetide.com/stocks/AHLWEST"
isin: "INE915K01010"
nse_symbol: "AHLWEST"
bse_code: "533221"
sector: "Leisure Services"
industry: "Hotels & Resorts"
market_cap_cr: 582.68
generated_at: "2026-09-13T19:58:53.342Z"
---

# Asian Hotels (West) Ltd (AHLWEST)

Canonical page: https://tapetide.com/stocks/AHLWEST

## Company

- **NSE Symbol:** AHLWEST
- **BSE Code:** 533221
- **ISIN:** INE915K01010
- **Sector:** Leisure Services
- **Industry:** Hotels & Resorts
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2010-08-05
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** asianhotelswest.com

## About

AHWL was incorporated in 2007, pursuant to a demerger from Asian Hotels Limited, and the Hyatt Regency Mumbai property was vested in the Company.
The Company operates a 401-room five-star hotel in Mumbai, in partnership with Hyatt Hotels India for branding, operations, and marketing under the Hyatt Regency brand.[1]

## Latest Price

- **Price:** ₹505
- **Change:** -21 (-3.99%)
- **Open:** ₹503.5
- **Day High:** ₹505
- **Day Low:** ₹499.7
- **Previous Close:** ₹526
- **Volume:** 165
- **As Of:** 2026-09-11T09:43:59+00:00

## Key Fundamentals

Observed at 2026-09-11T04:35:22.159091Z.

- **Market Cap:** ₹582.68 Cr
- **Classification:** Microcap
- **P/E (reported):** 8.6
- **P/E (TTM):** 8.27
- **EPS (TTM):** ₹61.09
- **Book Value:** ₹-11.53
- **Price to Book:** -45.62
- **Dividend Yield:** 0%
- **ROE:** -483.53%
- **ROCE:** 31.04%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹444.9 Cr
- **Net Income:** ₹65 Cr
- **EBITDA:** ₹201.6 Cr
- **52-Week High:** ₹751.4
- **52-Week Low:** ₹137
- **RSI (14):** 47.06

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 43.6 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 28.71 | 9% |
| growth | 39.61 | 9% |
| momentum | 6.15 | 12% |
| ownership | 50 | 24% |
| quality | 81.15 | 22% |
| valuation | 76.74 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 20.6% CAGR over last 5 years

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 46.66% | 33.9% | 187.98% |
| ebitda margin growth | 15.34% | 5.67% | 1.73% | 126.73% |
| net income growth | 32.41% | 63.32% | 36% | 21% |
| revenue growth | -19.49% | 5.8% | 8% | 27% |
| roce | 19.16% | 26.44% | 10.74% | 19.77% |
| roe | 31.73% | 847.91% | -179.74% | -738.66% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 110 | 98 | 109 | 90 | 96 | 110 | 115 | 89 | 114 | 111 | 122 | 98 |
| Expenses | 59 | 61 | 67 | 51 | 58 | 61 | 69 | 55 | 59 | 62 | 67 | 58 |
| Operating Profit | 51 | 37 | 42 | 38 | 38 | 49 | 46 | 34 | 55 | 49 | 54 | 39 |
| OPM % | 47 | 38 | 39 | 43 | 39 | 44 | 40 | 38 | 49 | 44 | 45 | 40 |
| Other Income | 2 | 5 | 5 | 2 | 2 | -16 | -5 | 2 | 2 | 2 | -18 | 3 |
| Interest | 20 | 28 | 86 | 19 | 18 | 18 | 13 | 14 | 13 | 12 | 14 | 11 |
| Depreciation | 9 | 9 | 10 | 9 | 9 | 13 | 10 | 11 | 12 | 10 | 10 | 11 |
| Profit before tax | 24 | 5 | -48 | 13 | 13 | 1 | 17 | 11 | 32 | 29 | 12 | 20 |
| Tax % | 0 | 65 | -19 | -37 | -38 | -272 | 105 | 28 | 24 | 24 | 13 | 30 |
| Net Profit | 24 | 2 | -39 | 18 | 18 | 5 | -1 | 8 | 24 | 22 | 11 | 14 |
| EPS in Rs | 20.74 | 1.43 | -33.71 | 15.09 | 15.5 | 4.38 | -0.82 | 6.93 | 20.95 | 18.58 | 9.3 | 12.26 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 385 | 432 | 431 | 131 | 159 | 347 | 400 | 411 | 435 | 444 |
| Expenses | 262 | 282 | 278 | 132 | 136 | 202 | 229 | 235 | 239 | 246 |
| Operating Profit | 123 | 150 | 153 | 0 | 23 | 145 | 171 | 176 | 197 | 197 |
| OPM % | 32 | 35 | 35 | -0.2 | 14 | 42 | 43 | 43 | 45 | 44 |
| Other Income | 15 | 25 | 16 | 11 | 11 | 10 | 13 | -17 | -12 | -11 |
| Interest | 91 | 90 | 107 | 108 | 93 | 89 | 153 | 73 | 57 | 50 |
| Depreciation | 56 | 47 | 52 | 52 | 61 | 38 | 38 | 41 | 43 | 42 |
| Profit before tax | -10 | 38 | 9 | -149 | -120 | 28 | -7 | 45 | 85 | 94 |
| Tax % | 18 | -94 | 89 | 0 | -2 | -17 | -183 | 11 | 23 | — |
| Net Profit | -11 | 74 | 1 | -149 | -118 | 32 | 6 | 40 | 65 | 71 |
| EPS in Rs | -7.53 | 64.23 | 0.85 | -127.75 | -100.85 | 27.84 | 4.73 | 34.16 | 55.77 | 61.09 |
| Dividend Payout % | -13 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 124 | 114 | 110 | 99 | -49 | -167 | -135 | -129 | -90 | -25 |
| Borrowings | 779 | 763 | 792 | 964 | 1006 | 1004 | 959 | 999 | 915 | 839 |
| Other Liabilities | 207 | 216 | 183 | 82 | 80 | 121 | 143 | 111 | 117 | 139 |
| Total Liabilities | 1122 | 1105 | 1096 | 1156 | 1049 | 970 | 979 | 993 | 954 | 965 |
| Fixed Assets | 923 | 886 | 848 | 985 | 928 | 865 | 828 | 794 | 773 | 768 |
| CWIP | 9 | 3 | 1 | 1 | 5 | 6 | 1 | 2 | 3 | 0 |
| Investments | 0 | 8 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 190 | 207 | 246 | 170 | 116 | 98 | 150 | 196 | 178 | 196 |
| Total Assets | 1122 | 1105 | 1096 | 1156 | 1049 | 970 | 979 | 993 | 954 | 965 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 83 | 144 | 169 | 152 | 18 | 70 | 155 | 152 | 138 | 203 |
| Cash from Investing Activity | -24 | -31 | -131 | -23 | 31 | 22 | -4 | -9 | 1 | -24 |
| Cash from Financing Activity | -58 | -96 | -56 | -123 | -61 | -94 | -117 | -124 | -151 | -121 |
| Net Cash Flow | 1 | 16 | -18 | 6 | -11 | -2 | 34 | 18 | -12 | 57 |
| Free Cash Flow | 61 | 128 | 160 | 131 | 17 | 71 | 155 | 145 | 118 | 160 |
| CFO/OP | 79 | 120 | 118 | 104 | -4500 | 298 | 105 | 89 | 78 | 103 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 19 | 21 | 17 | 12 | 29 | 23 | 21 | 14 | 14 | 15 |
| Inventory Days | 76 | — | — | — | — | — | — | — | 44 | 47 |
| Days Payable | 190 | — | — | — | — | — | — | — | 240 | 284 |
| Cash Conversion Cycle | -96 | 21 | 17 | 12 | 29 | 23 | 21 | 14 | -183 | -222 |
| Working Capital Days | -19 | -20 | -36 | -58 | -890 | -824 | -379 | -402 | -419 | -413 |
| ROCE % | 8 | 9 | 14 | 12 | -4 | -3 | 14 | 17 | 17 | 20 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.72% | 70.72% | 70.72% | 70.72% | 70.72% | 71.39% | 71.39% | 71.39% | 72.03% | 72.07% | 72.12% | 72.12% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.58% | 0.58% | 0.57% | 0.58% | 0.57% | 0.57% | 0.57% | 0.58% | 0.57% | 0.57% | 0.57% | 0.57% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 6.85% | 6.85% | 6.85% | 6.85% | 6.85% | 6.17% | 6.04% | 6.04% | 5.87% | 5.64% | 5.6% | 5.46% |
| Others | 21.85% | 21.85% | 21.85% | 21.85% | 21.86% | 21.86% | 21.98% | 21.99% | 21.53% | 21.71% | 21.71% | 21.85% |
| No. of Shareholders | 9091 | 9092 | 9095 | 9092 | 9092 | 9095 | 8719 | 8713 | 8285 | 7846 | 7845 | 7358 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 525.42 | Sell |
| EMA (10) | 522 | Sell |
| SMA (20) | 531.01 | Sell |
| EMA (20) | 528.93 | Sell |
| SMA (50) | 547.97 | Sell |
| EMA (50) | 545.72 | Sell |
| SMA (100) | 541.11 | Sell |
| EMA (100) | 597.03 | Sell |
| SMA (200) | 781.48 | Sell |
| EMA (200) | 704.92 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.27 | Neutral |
| MACD (12,26,9) | -8.91 | Sell |
| Stochastic (14,3,3) | 40.57 | Neutral |
| ADX (14) | 14.4 | Neutral |
| Williams %R (14) | -71.52 | Neutral |
| ATR (14) | 25.86 | High Volatility |
| ROC (12) | -3.09 | Sell |
| Stoch RSI (14) | 24.19 | Neutral |
| UO (7,14,28) | 55.64 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 Feb - Board meeting on 13-Feb-2026 to approve unaudited results for quarter ended 31-Dec-2025; trading window closed from 01-Jan-2026. | [Update on board meeting 6 Feb - Board meeting on 13-Feb-2026 to approve unaudited results for quarter ended 31-Dec-2025; trading window closed from 01-Jan-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a09bcc5c-8ca7-41fc-8c3d-353dae2fea6c.pdf) |
| 6 Feb - Board meeting on 12 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025; trading window closed. | [Board Meeting Intimation for Consideration And Approval Of Quarterly Results For The Q.E. 31122025 6 Feb - Board meeting on 12 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1df4d2ab-e517-4f9b-8ef3-4eacfe45d7a6.pdf) |
| 20 Jan - Compliance certificate under Reg.74(5) for quarter ended 31 Dec 2025 submitted by KFin. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 20 Jan - Compliance certificate under Reg.74(5) for quarter ended 31 Dec 2025 submitted by KFin.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa9b0cd5-6bee-4bb1-ac49-fc395f347f78.pdf) |
| 17 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0ddaac9-2459-4bf9-b213-3162c7f43612.pdf) |
| 16 Apr - Company replied to BSE price movement query, stating no price-sensitive information exists. | [Clarification On Price Movement 16 Apr - Company replied to BSE price movement query, stating no price-sensitive information exists.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab017523-adfd-4f9f-8695-bc31f7d87bb2.pdf) |
| 14 Feb - Newspaper publication of unaudited financial results (standalone and consolidated) for the quarter ended 31122025 which were approved by Board Members in their meeting held on … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb - Newspaper publication of unaudited financial results (standalone and consolidated) for the quarter ended 31122025 which were approved by Board Members in their meeting held on …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/99745616-8152-4ffc-a252-ba239311561c.pdf) |
| 13 Feb - Asian Hotels (West) approved standalone and consolidated unaudited results for quarter ended Dec 31, 2025. | [Board Meeting Outcome for Consideration And Approval Of Financial Results(Standalone And Consolidated) For The Quarter Ended 31122025 13 Feb - Asian Hotels (West) approved standalone and consolidated unaudited results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86f39eef-8e5a-43c6-941a-b2d73845d8e2.pdf) |
| — | [Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 12 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A73845EE_4745_4298_996F_B8FAFE8A0301_113347.pdf) |
| — | [Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 28 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=672DB37D_D39B_4CD0_BC8F_9B5BC87CCF31_111121.pdf) |
| — | [Closure of Trading Window 31 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25488d6e-2db1-4d87-ab59-1223d53c75ab.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-31 | [Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=631459A1_8460_4E02_9426_9C3F7780CC31_161113.pdf) |
| 2026-08-28 | [Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=672DB37D_D39B_4CD0_BC8F_9B5BC87CCF31_102609.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e9371ef-5770-407e-996b-9798d357ac29.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Board Consideration And Approval Of Quarterly Financial Results Ended 30062026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9af19ba1-f34e-482f-9b10-7f31241f7e52.pdf) |
| 2026-08-07 | [Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results (Standalone And Consolidated) For The Quarter Ended 30.06.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9bfca3ba-7860-4301-9c8d-b34439b275e2.pdf) |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=adfe838e-4272-49be-b40f-9f6793c85c52.pdf) |
| 2026-06-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84eafbda-8d07-41a7-a9d4-796478e2184d.pdf) |
| 2026-06-19 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6b7407a6-047d-4193-99f8-8fffdb634b66.pdf) |
| 2026-06-19 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25bc5301-ba71-4136-8591-b0f404f87e15.pdf) |
| 2026-05-29 | [Compliances-Reg.24(A)-Annual Secretarial Compliance](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04e9af0a-3a04-4a0b-b664-d21a883d9696.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1156_AHLWEST_2012_2013_23082013191013.zip) |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_679_SREINFRA_2012_2013_22072013110306.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_SREINFRA_2011_2012_24072012100321.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/292f58e6-922d-4287-9884-d820e8888182.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/29ca6e6f-f89d-4571-93a2-5284d820394a.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de9bbb31-7fcf-4105-a0c9-9f811b5720a8.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c3397102-73de-42fc-9fef-fbd6d5627a97.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3dde6208-1c58-4fdd-b2e7-42aed55e2462.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3af7b3df-a1f9-45d2-b050-ec8e57ea7929.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/523756/76889523756.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2024-06-30 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e9c17d63-6632-4040-a68e-948fc79969b9.pdf) |
| 2024-06-30 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dd44561c-0cef-47ad-a52b-2998cd133923.pdf) |
| 2021-06-26 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d074d526-b951-4784-8b71-325006545427.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:58:53.342Z.