Chalet Hotels Ltd logo

Chalet Hotels Ltd

CHALET NSE

Chalet Hotels is engaged in the business of hospitality (hotels), commercial and retail operations and real estate development.(Source : 202003-01 Annual Report Page No:113)

AI Verdict: BUY Confidence: 7%

Chalet Hotels offers compelling growth with 60% profit CAGR over 3 years and 19% ROE in the last year, supported by 91% analyst buy ratings. However, elevated valuation at 4.59x book value and promoter pledge of 31.9% warrant caution, making this a conviction buy only for investors with a 2-3 year horizon.

Key Fundamentals

SmallcapHotels & ResortsLeisure Services
Market Cap
₹18,120 Cr
Volatility
Moderate
P/E Ratio
27.77
EBITDA
₹1,186 Cr
Return on Equity
15.03%
Debt to Equity
1.03
Book Value
₹168.85
EPS
₹11.47
52W High
₹1,082
52W Low
₹691.35

Technical Indicators

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.6% CAGR over last 5 years

Weaknesses

4
  • Stock is trading at 4.90 times its book value
  • Company might be capitalizing the interest cost
  • Promoters have pledged 31.9% of their holding.
  • Promoter holding has decreased over last 3 years: -4.37%

Growth Rate

Revenue Growth
57.90% ↗
Net Income Growth
441.58% ↗
Cash Flow Change
37.85% ↗
ROE
-68.86% ↘
ROCE
0.49% ↘
EBITDA Margin (Avg.)
-4.18% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
BUY
Risk medium

Chalet Hotels offers compelling growth with 60% profit CAGR over 3 years and 19% ROE in the last year, supported by 91% analyst buy ratings. However, elevated valuation at 4.59x book value and promoter pledge of 31.9% warrant caution, making this a conviction buy only for investors with a 2-3 year horizon.

Bull Case 8
  • Overwhelming analyst consensus with 90.91% buy ratings (20 out of 22 analysts) and zero sell recommendations
  • Exceptional compounded profit growth of 60% CAGR over 3 years, indicating strong operating leverage in the hospitality upcycle
  • TTM sales growth of 61% demonstrates robust revenue momentum and demand recovery post-COVID
  • ROE has improved significantly from 7% (10-year average) to 19% last year, showing improving capital efficiency
  • Compounded profit growth of 357% on TTM basis reflects massive earnings inflection
  • 5-year stock CAGR of 35% indicates sustained long-term wealth creation for shareholders
  • 5-year compounded sales growth of 58% shows the company has scaled revenue meaningfully over a full business cycle
  • Company is expected to deliver a good quarter per screener consensus, suggesting near-term earnings catalyst
Bear Case 8
  • Stock trades at 4.59x price-to-book, a premium valuation that leaves limited margin of safety for new investors
  • Promoters have pledged 31.9% of their holding, creating risk of forced selling in a market downturn
  • Promoter holding has decreased by 4.37% over last 3 years, signaling potential lack of insider confidence
  • 1-year stock return of -11% indicates recent underperformance despite strong fundamentals, suggesting market concerns
  • Company might be capitalizing interest costs, which could overstate reported profitability and asset values
  • PE ratio of 26.3x is elevated for a cyclical hospitality business vulnerable to economic slowdowns
  • Dividend yield of just 0.13% offers negligible income return, making investors entirely dependent on capital appreciation
  • Debt-to-equity data unavailable but interest capitalization concern suggests meaningful leverage on balance sheet

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 1
  • Supreme Court upholds land allotment May 26

    Supreme Court set aside Bombay HC's order for plot restoration of Four Points by Sheraton Navi Mumbai on May 26, 2026, upholding the regularization mechanism and securing the hotel asset.

Neutral 1
  • No encumbrance on promoter shares Jun 22

    Chalet Hotels confirmed zero encumbrance on promoter shares for FY26 under SEBI Takeover Regulations, indicating no pledging concerns.

TL;DR: Chalet Hotels secured a significant legal win with the Supreme Court upholding its Navi Mumbai land allotment, removing a key overhang on that property. Governance disclosures remain clean with no promoter share encumbrance. No material headwinds are visible in recent news flow. The near-term outlook appears stable with the legal risk now resolved.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
338
311
315
374
418
361
377
458
522
895
735
582
558
Expenses
186
201
189
208
235
221
228
253
281
537
436
317
292
Operating Profit
152
110
126
166
183
140
150
205
241
357
299
265
266
OPM %
45%
35%
40%
44%
44%
39%
40%
45%
46%
40%
41%
46%
48%
Other Income
-11
4
4
6
6
8
6
7
15
14
9
7
13
Interest
41
45
50
48
53
32
34
45
48
49
45
46
41
Depreciation
30
31
35
35
37
39
42
48
50
54
57
58
60
PBT
71
37
44
89
99
78
79
118
159
269
205
167
178
Tax %
49%
-138%
18%
20%
17%
22%
274%
18%
22%
24%
24%
26%
8%
Net Profit
37
89
36
71
82
61
-139
97
124
203
155
124
163
EPS in Rs
1.79
4.32
1.77
3.44
4.01
2.78
-6.35
4.42
5.67
9.3
7.08
5.67
7.44
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
441
582
737
796
987
981
286
508
1,128
1,417
1,718
2,770
Expenses
377
446
624
551
668
644
279
409
676
833
982
1,582
Operating Profit
64
136
113
245
319
337
7
98
453
585
736
1,187
OPM %
14%
23%
15%
31%
32%
34%
2%
19%
40%
41%
43%
43%
Other Income
18
13
311
-66
44
24
14
11
92
20
36
42
Interest
161
216
218
212
266
146
152
144
154
197
159
180
Depreciation
62
99
127
112
115
113
117
118
117
138
179
230
PBT
-141
-166
79
-145
-18
101
-248
-153
273
269
434
819
Tax %
-10%
-32%
-61%
-36%
-58%
1%
-44%
-47%
33%
-3%
67%
21%
Net Profit
-126
-112
127
-93
-8
100
-139
-81
183
278
142
645
EPS in Rs
-8.31
-7.39
8.38
-5.43
-0.37
5.01
-6.78
-3.98
8.94
13.54
6.53
29.46
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
7%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
152
152
152
171
205
205
205
205
205
205
218
219
Reserves
480
365
315
324
1,218
1,350
1,211
1,136
1,337
1,646
2,828
3,479
Borrowings
2,072
2,351
2,636
2,725
1,546
1,902
2,058
2,597
2,853
3,005
2,604
2,368
Other Liabilities
538
487
449
432
562
579
545
527
562
922
1,427
1,243
Total Liabilities
3,242
3,355
3,552
3,652
3,531
4,035
4,019
4,465
4,957
5,778
7,077
7,309
Fixed Assets
2,295
2,390
2,839
2,819
2,753
3,019
3,080
3,413
3,854
4,406
5,210
5,693
CWIP
49
32
21
22
34
88
36
32
98
37
183
132
Investments
13
47
0
4
5
5
4
6
7
10
108
29
Other Assets
885
886
692
807
738
924
899
1,013
999
1,325
1,575
1,453
Total Assets
3,242
3,355
3,552
3,652
3,531
4,035
4,019
4,465
4,957
5,778
7,077
7,309
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
79
201
249
366
252
60
62
477
689
950
1,067
Investing
—
-172
329
-118
147
-391
-50
-396
-591
-620
-1,355
-575
Financing
—
53
-463
-157
-523
133
-34
411
126
-108
496
-466
Net Cash Flow
—
-40
67
-26
-10
-6
-24
77
12
-38
91
25
Free Cash Flow
—
-98
87
188
330
163
13
23
305
262
-14
729
CFO/OP
—
62
184
107
117
83
191
59
105
127
141
102
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
8
11
15
25
18
16
39
31
19
14
17
9
Inventory Days
—
—
—
2,283
1,305
1,871
6,659
3,030
1,605
1,973
2,064
174
Days Payable
—
—
—
629
401
455
1,267
602
549
716
535
106
Cash Conversion Cycle
8
11
15
1,679
921
1,432
5,431
2,460
1,075
1,271
1,545
76
Working Capital Days
-55
44
-138
-113
-77
-58
-270
-184
-152
-292
-275
-91
ROCE %
1%
2%
6%
6%
8%
8%
-3%
0%
9%
10%
11%
17%

Shareholding Pattern

As of Mar 2026
Promoters 67.29%
DIIs 24.57%
FIIs 4.70%
Public 1.86%
Others 1.57%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
71.65%
71.65%
71.65%
71.65%
71.65%
71.65%
71.65%
71.65%
71.65%
71.65%
71.70%
71.70%
71.67%
67.52%
67.52%
67.48%
67.42%
67.41%
67.40%
67.34%
67.33%
67.29%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.51%
0.00%
4.24%
6.84%
6.81%
7.04%
7.52%
5.24%
5.29%
5.73%
5.08%
4.70%
DIIs
16.43%
16.53%
19.06%
19.61%
19.69%
19.98%
20.46%
22.34%
22.52%
21.50%
21.82%
20.38%
19.60%
21.42%
21.47%
21.46%
21.20%
23.94%
23.92%
23.40%
23.99%
24.57%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
3.43%
3.68%
3.58%
3.09%
2.83%
2.46%
2.59%
2.41%
2.12%
2.28%
2.41%
2.75%
2.80%
2.64%
2.68%
2.53%
2.35%
2.00%
2.01%
2.05%
2.13%
1.86%
Others
8.49%
8.14%
5.71%
5.65%
5.82%
5.91%
5.30%
3.59%
3.71%
4.57%
1.58%
5.16%
1.68%
1.59%
1.52%
1.49%
1.51%
1.41%
1.38%
1.48%
1.47%
1.57%
No. of Shareholders
27,357
29,413
30,761
29,807
30,692
30,740
31,410
31,289
32,414
36,784
44,003
51,812
61,454
61,467
67,068
70,466
74,831
66,181
64,175
66,228
67,682
52,522

Documents

1
Concall - Aug 2019 Aug 2019
2
Concall - Feb 2020 Feb 2020
3
Concall - Feb 2020 Feb 2020
4
Concall - May 2023 May 2023
5
Concall - Jul 2023 Jul 2023

Frequently Asked Questions about Chalet Hotels Ltd

What does Chalet Hotels Ltd do?
Chalet Hotels is engaged in the business of hospitality (hotels), commercial and retail operations and real estate development.(Source : 202003-01 Annual Report Page No:113)
Where is Chalet Hotels Ltd (CHALET) listed?
Chalet Hotels Ltd is listed on the Indian stock exchanges. It is listed on NSE: CHALET and BSE: 542399. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Chalet Hotels Ltd belong to?
Chalet Hotels Ltd operates in the Consumer Discretionary sector within the Leisure Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Chalet Hotels Ltd?
Chalet Hotels Ltd has a market capitalisation of approximately ₹18119.84 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Chalet Hotels Ltd?
The Price-to-Earnings (PE) ratio of Chalet Hotels Ltd is 27.77. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Chalet Hotels Ltd?
Over the past 52 weeks, Chalet Hotels Ltd has traded between a low of ₹691.35 and a high of ₹1,082. This range helps investors understand the stock's price volatility and recent trading levels.
Does Chalet Hotels Ltd pay dividends?
Yes, Chalet Hotels Ltd has a dividend yield of 0.12%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Chalet Hotels Ltd?
Chalet Hotels Ltd has a Return on Equity (ROE) of 15.03%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Chalet Hotels Ltd on Tapetide?
On Tapetide, you can view Chalet Hotels Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Chalet Hotels is engaged in the business of hospitality (hotels), commercial and retail operations and real estate development.(Source : 202003-01 Annual Report Page No:113)

Website chalethotels.com
CEO Mr. Nitin Khanna
Employees 2,539
Listed 2019-02-07
Face Value ₹ 10
Issued Size 21,87,39,432

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