EIH Ltd
EIH Ltd
Leisure ServicesKey Fundamentals
SmallcapHotels & ResortsLeisure ServicesTechnical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Company has delivered good profit growth of 31.7% CAGR over last 5 years
Growth Rate
AI Analysis — Bull vs Bear
EIH Ltd is a nearly debt-free luxury hospitality company with strong 5-year profit CAGR of 31.7% and improving ROE of 15%. However, at a PE of 30.1x with TTM profit declining 7%, the stock is priced for perfection, warranting a cautious accumulation approach.
- Company is almost debt-free, providing significant financial flexibility and lower interest burden in a capital-intensive hospitality sector
- Compounded profit growth of 32% CAGR over 5 years demonstrates strong operational leverage and margin expansion post-COVID
- 3-year ROE of 17% indicates efficient capital deployment and improving return profile for shareholders
- 5-year stock CAGR of 23% reflects sustained wealth creation and market confidence in the Oberoi Hotels brand
- 100% of analysts (2 out of 2) rate the stock as a Buy, indicating unanimous institutional confidence
- Compounded sales growth of 13% over 3 years shows consistent top-line momentum in the post-pandemic travel recovery
- 10-year compounded profit CAGR of 17% demonstrates the company's ability to grow earnings through full business cycles
- Market cap of Rs 19,940 crore positions EIH as a mid-large cap with adequate liquidity and institutional interest
- TTM profit growth has turned negative at -7%, signaling potential margin pressure or demand slowdown in recent quarters
- PE ratio of 30.1x is elevated for a hospitality company with single-digit TTM revenue growth of 7%, implying expensive valuation
- 1-year stock return of -7% indicates the market is already pricing in near-term earnings weakness
- Price-to-book of 3.77x is steep for a hotel company with asset-heavy operations, leaving limited margin of safety
- Dividend yield of just 0.47% offers minimal income support during periods of capital depreciation
- TTM sales growth has decelerated sharply to 7% from 13% 3-year CAGR and 43% 5-year CAGR, suggesting the post-COVID recovery tailwind is fading
- Only 2 analysts cover the stock, providing limited institutional research depth and potential liquidity risk during selloffs
- Last year ROE of 15% has declined from the 3-year average of 17%, suggesting returns may have peaked in this cycle
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- 76th AGM scheduled Aug 7 Jun 06
EIH Limited will hold its 76th Annual General Meeting via video conferencing on August 7, 2026. The company also announced a special window for share transfer and an IEPF campaign.
TL;DR: Limited news flow for EIH Ltd this period, with only a routine AGM scheduling announcement. No material headwinds or positive catalysts identified from recent coverage. The lack of negative news is mildly reassuring, but investors should watch for operational updates or earnings guidance closer to the August 7 AGM.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 637 | 498 | 531 | 741 | 741 | 527 | 589 | 800 | 827 | 574 | 598 | 873 | 895 |
| Expenses | 433 | 343 | 388 | 417 | 437 | 392 | 414 | 443 | 477 | 414 | 444 | 497 | 561 |
| Operating Profit | 204 | 155 | 143 | 324 | 304 | 135 | 175 | 357 | 351 | 160 | 154 | 376 | 334 |
| OPM % | 32% | 31% | 27% | 44% | 41% | 26% | 30% | 45% | 42% | 28% | 26% | 43% | 37% |
| Other Income | -16 | 28 | 26 | 18 | 69 | 37 | 40 | 48 | 43 | -66 | 53 | 26 | 78 |
| Interest | 12 | 6 | 6 | 5 | 2 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 |
| Depreciation | 32 | 32 | 33 | 34 | 33 | 33 | 34 | 34 | 33 | 33 | 35 | 37 | 38 |
| PBT | 145 | 145 | 130 | 304 | 338 | 134 | 175 | 364 | 355 | 54 | 166 | 360 | 368 |
| Tax % | 36% | 27% | 28% | 24% | 27% | 28% | 24% | 23% | 26% | 32% | 30% | 29% | 32% |
| Net Profit | 92 | 106 | 94 | 230 | 248 | 97 | 133 | 279 | 262 | 37 | 117 | 255 | 249 |
| EPS in Rs | 1.35 | 1.66 | 1.49 | 3.51 | 3.56 | 1.47 | 2.08 | 4.23 | 4.04 | 0.54 | 1.82 | 3.89 | 3.8 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,669 | 1,661 | 1,529 | 1,599 | 1,811 | 1,596 | 494 | 985 | 2,019 | 2,511 | 2,743 | 2,940 |
| Expenses | 1,338 | 1,315 | 1,265 | 1,298 | 1,405 | 1,301 | 847 | 1,019 | 1,419 | 1,584 | 1,715 | 1,916 |
| Operating Profit | 331 | 345 | 263 | 300 | 406 | 295 | -354 | -34 | 599 | 927 | 1,028 | 1,024 |
| OPM % | 20% | 21% | 17% | 19% | 22% | 18% | -72% | -3% | 30% | 37% | 37% | 35% |
| Other Income | 28 | 41 | 61 | 121 | 8 | 73 | 49 | 100 | 16 | 141 | 156 | 91 |
| Interest | 46 | 28 | 18 | 23 | 50 | 56 | 41 | 35 | 36 | 19 | 21 | 23 |
| Depreciation | 168 | 133 | 128 | 117 | 133 | 146 | 129 | 124 | 126 | 131 | 134 | 143 |
| PBT | 145 | 224 | 178 | 281 | 231 | 166 | -476 | -93 | 454 | 917 | 1,028 | 949 |
| Tax % | 54% | 36% | 34% | 30% | 36% | 1% | -21% | 2% | 27% | 26% | 25% | 31% |
| Net Profit | 76 | 143 | 118 | 196 | 149 | 165 | -375 | -95 | 329 | 678 | 770 | 657 |
| EPS in Rs | 1.01 | 2.1 | 1.65 | 2.87 | 2.1 | 2.38 | -5.91 | -1.56 | 5.03 | 10.22 | 11.82 | 10.05 |
| Div. Payout % | 100% | 48% | 50% | 29% | 39% | 0% | 0% | 0% | 22% | 12% | 13% | 15% |
Balance Sheet
| 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 | 114 | 114 | 114 | 114 | 114 | 114 | 125 | 125 | 125 | 125 | 125 | 125 |
| Reserves | 2,496 | 2,616 | 2,666 | 2,768 | 2,879 | 3,022 | 2,979 | 2,902 | 3,250 | 3,814 | 4,488 | 5,137 |
| Borrowings | 418 | 318 | 359 | 502 | 550 | 647 | 510 | 475 | 238 | 199 | 265 | 252 |
| Other Liabilities | 691 | 556 | 540 | 680 | 698 | 658 | 510 | 635 | 782 | 906 | 953 | 1,041 |
| Total Liabilities | 3,719 | 3,604 | 3,680 | 4,064 | 4,242 | 4,442 | 4,125 | 4,137 | 4,395 | 5,045 | 5,831 | 6,556 |
| Fixed Assets | 2,615 | 2,230 | 2,092 | 2,548 | 2,628 | 3,007 | 2,885 | 2,854 | 2,871 | 2,885 | 3,143 | 3,881 |
| CWIP | 93 | 115 | 321 | 148 | 79 | 130 | 169 | 55 | 96 | 170 | 308 | 218 |
| Investments | 254 | 301 | 288 | 327 | 428 | 459 | 411 | 365 | 384 | 448 | 548 | 656 |
| Other Assets | 757 | 958 | 979 | 1,042 | 1,107 | 846 | 659 | 863 | 1,044 | 1,542 | 1,833 | 1,801 |
| Total Assets | 3,719 | 3,604 | 3,680 | 4,064 | 4,242 | 4,442 | 4,125 | 4,137 | 4,395 | 5,045 | 5,831 | 6,556 |
Cash Flow
| 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 | 321 | 231 | 243 | 272 | 282 | 317 | -139 | -19 | 614 | 712 | 825 | 993 |
| Investing | -154 | -58 | -269 | -318 | -232 | -163 | -53 | 23 | -300 | -546 | -424 | -1,057 |
| Financing | -151 | -193 | -4 | 45 | -19 | -184 | 170 | 20 | -299 | -167 | -113 | -141 |
| Net Cash Flow | 16 | -20 | -30 | -1 | 31 | -31 | -23 | 25 | 16 | -1 | 289 | -205 |
| Free Cash Flow | 178 | 164 | -13 | -37 | 125 | 147 | -210 | 13 | 477 | 494 | 346 | 302 |
| CFO/OP | 115 | 93 | 113 | 112 | 91 | 115 | 36 | 45 | 111 | 95 | 99 | 121 |
Ratios
| 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 | 49 | 44 | 43 | 51 | 50 | 47 | 58 | 43 | 41 | 29 | 32 | 32 |
| Inventory Days | 80 | 77 | 81 | 83 | 89 | 112 | 256 | 134 | 121 | 99 | 88 | 84 |
| Days Payable | 278 | 247 | 282 | 312 | 343 | 380 | 893 | 453 | 577 | 422 | 410 | 411 |
| Cash Conversion Cycle | -149 | -125 | -157 | -178 | -204 | -222 | -579 | -277 | -416 | -294 | -290 | -295 |
| Working Capital Days | -49 | -39 | -14 | -50 | -55 | -55 | -160 | -99 | -29 | -31 | -23 | 5 |
| ROCE % | 6% | 9% | 7% | 9% | 10% | 6% | -11% | -3% | 16% | 24% | 23% | 21% |
Documents
Frequently Asked Questions about EIH Ltd
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Company Information
EIH is primarily engaged in owning and managing premium luxury hotels and cruisers under the luxury Oberoi, Trident and Maidens brands. The Company is also engaged in flight catering, airport restaurants, project management and corporate air charters.(Source : 202003 Annual Report Page No:124)