EIH Ltd
EIH Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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45 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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Technical 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, operator of the Oberoi and Trident luxury hotel brands, trades at a market cap of ₹20,637 Cr with a PE of 31.1x. The company is virtually debt-free and delivered consolidated revenue of ₹2,880 Cr in FY25 (10% YoY growth) with net profit of ₹770 Cr (14% YoY growth), though TTM profit growth has turned negative at -7% and revenue growth has decelerated to 7% TTM from 24% in FY24.
- Virtually debt-free balance sheet with a CARE AA+ (Stable) issuer rating, providing significant financial flexibility for expansion
- 5-year compounded profit CAGR of 32%, reflecting a strong post-pandemic earnings recovery and operating leverage in the luxury hospitality model
- Occupancy rates improved from 69% to 72% in H1 FY25, with the company maintaining a 20% lead over competitors in occupancy levels
- Aggressive expansion pipeline of 25 new properties planned by 2030, diversifying across domestic and international markets
- RevPAR growth of 10.4% for FY26 and 17% YoY in Q3 FY26 for domestic hotels, demonstrating sustained pricing power in the luxury segment
- 3-year ROE averaging 17% and last year at 14%, indicating efficient capital deployment for an asset-heavy hotel business
- Consolidated revenue grew at a 13% CAGR over 3 years from ₹20,680 Cr (FY23) to ₹27,978 Cr (FY25), showing consistent top-line momentum
- Positioned as India's third-largest listed hotel company by market cap, operating in the premium luxury segment with strong brand equity under Oberoi, Trident, and Maidens brands
- TTM profit growth has turned negative at -7%, signalling earnings deceleration after the post-COVID recovery cycle
- Revenue growth has slowed sharply from 24% in FY24 to 9% in FY25 and 7% TTM, suggesting the high-growth phase may be normalizing
- PE of 31.1x is elevated for a company with single-digit revenue growth, implying the stock prices in significant future expansion
- Stock has declined 12% over the past 1 year, underperforming broader markets despite record revenues, indicating market concern over valuation and growth deceleration
- Promoter holding at only 32.85% is relatively low, which historically has raised governance and control concerns for EIH given past ownership disputes
- Dividend yield of just 0.46% offers minimal income return, with most value dependent on capital appreciation
- ROE declined from 17% (3-year average) to 14% last year, and the 10-year ROE average of only 8% reflects the cyclicality and capital intensity of the hotel business
- Closure of flagship property The Oberoi Grand for complete restoration impacts near-term revenue and profitability while capex on 25 new properties will strain free cash flow generation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹1.50 FY26 final dividend declared Jul 14
EIH Limited announced a final dividend of ₹1.50 per share for FY26, approved at the 76th AGM on August 7, 2026. This signals continued shareholder returns from the Oberoi Hotels parent company.
- 76th AGM approves dividend, reappoints Modi Aug 7
EIH held its 76th AGM on August 7, 2026, approving FY26 dividends, re-appointing Manoj Harjivandas Modi, and authorizing independent director commissions. E-voting was conducted via NSDL from August 4-6.
- Q1FY27 earnings call on Aug 12 Aug 6
EIH Limited will hold an investor conference call on August 12, 2026, to discuss unaudited Q1FY27 results for the quarter ended June 30, 2026, managed by SKP Securities.
- Record date set for Jul 31 Jul 15
EIH fixed July 31, 2026 as the record date for the ₹1.50 per share final dividend, with the 76th AGM scheduled for August 7 via video conferencing.
TL;DR: EIH Ltd is in a routine corporate governance phase with no material headwinds surfacing in recent news. The ₹1.50 per share dividend signals stable profitability and shareholder-friendly capital allocation. The upcoming Q1FY27 earnings call on August 12 will be the next catalyst, providing visibility into the current demand environment for Oberoi Hotels. Overall trend is steady with no red flags but awaiting fresh operational data.
Quarterly Results
| 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 | 498 | 531 | 741 | 741 | 527 | 589 | 800 | 827 | 574 | 598 | 873 | 895 | 657 |
| Expenses | 343 | 388 | 417 | 437 | 392 | 414 | 443 | 477 | 414 | 444 | 497 | 561 | 490 |
| Operating Profit | 155 | 143 | 324 | 304 | 135 | 175 | 357 | 351 | 160 | 154 | 376 | 334 | 167 |
| OPM % | 31% | 27% | 44% | 41% | 26% | 30% | 45% | 42% | 28% | 26% | 43% | 37% | 25% |
| Other Income | 28 | 26 | 18 | 69 | 37 | 40 | 48 | 43 | -66 | 53 | 26 | 78 | 45 |
| Interest | 6 | 6 | 5 | 2 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Depreciation | 32 | 33 | 34 | 33 | 33 | 34 | 34 | 33 | 33 | 35 | 37 | 38 | 37 |
| PBT | 145 | 130 | 304 | 338 | 134 | 175 | 364 | 355 | 54 | 166 | 360 | 368 | 169 |
| Tax % | 27% | 28% | 24% | 27% | 28% | 24% | 23% | 26% | 32% | 30% | 29% | 32% | 29% |
| Net Profit | 106 | 94 | 230 | 248 | 97 | 133 | 279 | 262 | 37 | 117 | 255 | 249 | 120 |
| EPS in Rs | 1.66 | 1.49 | 3.51 | 3.56 | 1.47 | 2.08 | 4.23 | 4.04 | 0.54 | 1.82 | 3.89 | 3.8 | 1.87 |
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,669 | 1,661 | 1,529 | 1,599 | 1,811 | 1,596 | 494 | 985 | 2,019 | 2,511 | 2,743 | 2,940 | 3,023 |
| Expenses | 1,338 | 1,315 | 1,265 | 1,298 | 1,405 | 1,301 | 847 | 1,019 | 1,419 | 1,584 | 1,715 | 1,916 | 1,993 |
| Operating Profit | 331 | 345 | 263 | 300 | 406 | 295 | -354 | -34 | 599 | 927 | 1,028 | 1,024 | 1,030 |
| OPM % | 20% | 21% | 17% | 19% | 22% | 18% | -72% | -3.4% | 30% | 37% | 37% | 35% | 34% |
| Other Income | 28 | 41 | 61 | 121 | 8 | 73 | 49 | 100 | 16 | 141 | 156 | 91 | 202 |
| Interest | 46 | 28 | 18 | 23 | 50 | 56 | 41 | 35 | 36 | 19 | 21 | 23 | 23 |
| Depreciation | 168 | 133 | 128 | 117 | 133 | 146 | 129 | 124 | 126 | 131 | 134 | 143 | 146 |
| PBT | 145 | 224 | 178 | 281 | 231 | 166 | -476 | -93 | 454 | 917 | 1,028 | 949 | 1,064 |
| 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 | 741 |
| 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 | 11.38 |
| 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 | 1,033 |
| Total Liabilities | 3,719 | 3,604 | 3,680 | 4,064 | 4,242 | 4,442 | 4,125 | 4,137 | 4,395 | 5,045 | 5,831 | 6,548 |
| Fixed Assets | 2,615 | 2,230 | 2,092 | 2,548 | 2,628 | 3,007 | 2,885 | 2,854 | 2,871 | 2,885 | 3,143 | 3,880 |
| CWIP | 93 | 115 | 321 | 148 | 79 | 130 | 169 | 55 | 96 | 170 | 308 | 219 |
| 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 | 1,793 |
| Total Assets | 3,719 | 3,604 | 3,680 | 4,064 | 4,242 | 4,442 | 4,125 | 4,137 | 4,395 | 5,045 | 5,831 | 6,548 |
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 | -419 | -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 | 293 | -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 | -17 |
| ROCE % | 6% | 9% | 7% | 9% | 10% | 6% | -11% | -3% | 16% | 24% | 23% | 21% |
Documents
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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)