EIH Associated Hotels
EIH Associated Hotels
Leisure ServicesKey Fundamentals
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Key Insights
Strengths
3- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 23.4%
- Debtor days have improved from 20.0 to 15.1 days.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | 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 | 66.86 | 58.78 | 127 | 133 | 64.48 | 70.84 | 133 | 140 | 68.74 | 58.33 | 129 | 127 | 65.98 |
| Expenses | 56.37 | 58.31 | 74.37 | 82.44 | 59.68 | 63.63 | 79.2 | 79.35 | 59.76 | 55.66 | 71.93 | 77.53 | 58.84 |
| Operating Profit | 10.49 | 0.47 | 52.28 | 50.06 | 4.8 | 7.21 | 53.81 | 60.56 | 8.98 | 2.67 | 57.54 | 49.66 | 7.14 |
| OPM % | 15.69% | 0.8% | 41.28% | 37.78% | 7.44% | 10.18% | 40.46% | 43.28% | 13.06% | 4.58% | 44.44% | 39.04% | 10.82% |
| Other Income | 3.37 | 3.03 | 2.92 | 3.78 | 4.49 | 0.09 | 4.09 | 5.84 | 3.63 | 5.3 | 1.47 | 5.32 | 5.87 |
| Interest | 0.14 | 0.46 | 0.1 | 0.1 | 0.11 | 0.09 | 0.11 | 0.11 | 0.12 | 0.11 | 0.13 | 0.11 | 0.12 |
| Depreciation | 4.04 | 4.23 | 4.28 | 4.31 | 4.35 | 4.43 | 4.27 | 4.13 | 4.21 | 4.21 | 4.22 | 4.4 | 4.43 |
| PBT | 9.68 | -1.19 | 50.82 | 49.43 | 4.83 | 2.78 | 53.52 | 62.16 | 8.28 | 3.65 | 54.66 | 50.47 | 8.46 |
| Tax % | 25.21% | -23.53% | 25.44% | 25.51% | 25.67% | 25.18% | 25.43% | 25.55% | 25.48% | 24.38% | 25.74% | 25.42% | 18.56% |
| Net Profit | 7.25 | -0.92 | 37.88 | 36.81 | 3.58 | 2.08 | 39.91 | 46.28 | 6.18 | 2.77 | 40.59 | 37.63 | 6.89 |
| EPS in Rs | 1.19 | -0.15 | 6.22 | 6.04 | 0.59 | 0.34 | 6.55 | 7.59 | 1.01 | 0.45 | 6.66 | 6.18 | 1.13 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 229 | 245 | 264 | 264 | 264 | 249 | 101 | 195 | 337 | 385 | 408 | 384 | 381 |
| Expenses | 163 | 172 | 190 | 195 | 199 | 196 | 119 | 163 | 242 | 271 | 280 | 265 | 264 |
| Operating Profit | 66 | 74 | 74 | 68 | 65 | 53 | -18 | 33 | 95 | 113 | 128 | 119 | 117 |
| OPM % | 29% | 30% | 28% | 26% | 25% | 21% | -17% | 17% | 28% | 29% | 31% | 31% | 31% |
| Other Income | 1 | 2 | 8 | 5 | 8 | 6 | -2 | 2 | 7 | 13 | 13 | 16 | 18 |
| Interest | 9 | 5 | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 19 | 16 | 14 | 14 | 14 | 16 | 17 | 16 | 17 | 17 | 17 | 17 | 17 |
| PBT | 40 | 55 | 65 | 59 | 58 | 43 | -37 | 18 | 85 | 109 | 123 | 117 | 117 |
| Tax % | 38% | 29% | 34% | 36% | 35% | 12% | -28% | 30% | 24% | 25% | 26% | 26% | — |
| Net Profit | 25 | 39 | 43 | 38 | 38 | 38 | -27 | 13 | 65 | 81 | 92 | 87 | 88 |
| EPS in Rs | 4.06 | 6.39 | 7.02 | 6.21 | 6.23 | 6.23 | -4.39 | 2.11 | 10.61 | 13.31 | 15.07 | 14.31 | 14.42 |
| Div. Payout % | 37% | 31% | 32% | 36% | 36% | 0% | 0% | 0% | 24% | 23% | 23% | 24% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 61 | 61 |
| Reserves | 186 | 212 | 251 | 272 | 293 | 315 | 288 | 302 | 366 | 432 | 476 | 541 |
| Borrowings | 63 | 35 | 1 | 2 | 1 | 3 | 2 | 2 | 5 | 4 | 4 | 4 |
| Other Liabilities | 118 | 50 | 63 | 72 | 86 | 99 | 68 | 78 | 103 | 97 | 110 | 118 |
| Total Liabilities | 397 | 328 | 345 | 376 | 411 | 447 | 389 | 412 | 504 | 563 | 651 | 724 |
| Fixed Assets | 263 | 256 | 248 | 243 | 252 | 283 | 279 | 278 | 276 | 302 | 289 | 296 |
| CWIP | 1 | 1 | 3 | 3 | 4 | 5 | 6 | 5 | 12 | 8 | 17 | 47 |
| Investments | 1 | 1 | 19 | 40 | 45 | 51 | 51 | 74 | 140 | 153 | 200 | 195 |
| Other Assets | 132 | 70 | 75 | 90 | 110 | 108 | 54 | 55 | 77 | 100 | 145 | 186 |
| Total Assets | 397 | 328 | 345 | 376 | 411 | 447 | 389 | 412 | 504 | 563 | 651 | 724 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 53 | 66 | 73 | 57 | 60 | 57 | -12 | 38 | 91 | 78 | 109 | 100 |
| Investing | -24 | -15 | -26 | -46 | -42 | -34 | 9 | -37 | -89 | -64 | -89 | -80 |
| Financing | -29 | -55 | -40 | -16 | -17 | -18 | -1 | -1 | -2 | -17 | -19 | -22 |
| Net Cash Flow | 0 | -4 | 7 | -5 | 1 | 5 | -4 | 1 | 1 | -3 | 1 | -1 |
| Free Cash Flow | 28 | 51 | 64 | 46 | 36 | 21 | -34 | 23 | 72 | 41 | 81 | 44 |
| CFO/OP | 96 | 105 | 110 | 102 | 109 | 125 | 70 | 120 | 112 | 92 | 108 | 109 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 41 | 37 | 32 | 40 | 44 | 36 | 26 | 14 | 17 | 21 | 24 | 15 |
| Inventory Days | 202 | 208 | 188 | — | 184 | — | — | — | — | — | — | — |
| Days Payable | 516 | 470 | 480 | — | 671 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | -274 | -225 | -260 | 40 | -444 | 36 | 26 | 14 | 17 | 21 | 24 | 15 |
| Working Capital Days | -1 | -37 | 5 | 9 | 3 | -21 | -49 | -29 | -27 | -15 | -17 | -29 |
| ROCE % | 18% | 22% | 24% | 20% | 19% | 14% | -9% | 6% | 23% | 25% | 26% | 21% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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62 extracted metrics + investor summaries across FY10–FY26.
Documents
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Company Information
EIH Associated Hotels Ltd is primarily engaged in owning premium luxury hotels under the luxury 'Oberoi' and five-star 'Trident' brands.[1] It is a Joint-Venture between the Oberoi Family and the Rajan Raheja Group.[2]
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