Indian Hotels Co Ltd logo

Indian Hotels Co Ltd

INDHOTEL NSE

IHCL is one of India’s leading hospitality companies. IHCL and its subsidiaries comprise diversified portfolio across luxury, upscale/upper upscale and lean luxury/midscale segments. IHCL’s operations are spread across four continents, 12 countries and over 100 cities.[1]

AI Verdict: BUY Confidence: 7%

Indian Hotels trades at a premium PE of 44.9x but is backed by strong profit CAGR of 31.6% over 5 years, robust analyst consensus with 82.76% buy ratings, and improving ROE of 14%. The stock deserves a premium for its brand moat and consistent execution, though near-term returns may be capped by rich valuations.

Key Fundamentals

MidcapHotels & ResortsLeisure Services
Market Cap
1.0L Cr
Volatility
Moderate
P/E Ratio
49.22
EBITDA
₹3,477 Cr
Return on Equity
11.86%
Debt to Equity
0.24
Book Value
₹91.7
EPS
₹9.03
52W High
₹811.95
52W Low
₹565

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 31.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.6%

Weaknesses

1
  • Stock is trading at 7.91 times its book value

Growth Rate

Revenue Growth
16.42% ↗
Net Income Growth
11.92% ↗
Cash Flow Change
12.63% ↗
ROE
-7.03% ↗
ROCE
-1.80% ↗
EBITDA Margin (Avg.)
-0.43% ↗

AI Analysis — Bull vs Bear

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

Indian Hotels trades at a premium PE of 44.9x but is backed by strong profit CAGR of 31.6% over 5 years, robust analyst consensus with 82.76% buy ratings, and improving ROE of 14%. The stock deserves a premium for its brand moat and consistent execution, though near-term returns may be capped by rich valuations.

Bull Case 8
  • Exceptional profit growth with 31.6% CAGR over last 5 years, significantly outpacing the hospitality sector average
  • Overwhelming analyst consensus with 82.76% buy ratings (24 out of 29 analysts) and zero sell ratings
  • Strong compounded sales growth of 44% CAGR over 5 years indicating massive revenue expansion post-COVID
  • ROE has improved to 14% last year from a 10-year average of 8%, showing structural improvement in capital efficiency
  • Stock CAGR of 40% over 5 years and 20% over 10 years demonstrates sustained long-term wealth creation
  • TTM sales growth of 16% shows continued momentum even on a higher base
  • Healthy dividend payout ratio of 19.6% with 0.46% yield provides income alongside capital appreciation
  • Large market cap of Rs 1,02,679 crore provides institutional liquidity and index inclusion benefits
Bear Case 7
  • Stock trades at 7.90x book value, well above historical averages for the hospitality sector, limiting margin of safety
  • PE ratio of 44.9x is expensive relative to earnings growth, with PEG ratio above 1.4x even on 3-year profit CAGR of 22%
  • Stock has delivered negative 1-year CAGR of -5%, indicating near-term price correction and possible valuation fatigue
  • 10-year compounded sales growth of only 9% suggests the recent 44% five-year surge is a COVID recovery anomaly, not structural
  • TTM profit growth of 14% is decelerating sharply from the 5-year CAGR of 32%, signaling slowing earnings momentum
  • 10-year ROE average of just 8% indicates historically mediocre return on equity despite recent improvements to 14%
  • Dividend yield of only 0.46% offers minimal downside protection at current elevated valuations

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 2
  • ₹3.25 dividend declared for FY26 Jun 4

    Indian Hotels announced a final dividend of ₹3.25 per share for FY26. The 125th AGM is scheduled for June 30, 2026 via video conferencing.

  • Resort expansion on leisure demand Jun 15

    Indian hotel chains including IHCL are strategically expanding resort portfolios amid sustained rise in leisure travel. Resort properties are seen as high-value assets driving premium occupancy and revenue growth.

Neutral 4
  • ₹40.44 Cr block trade on NSE Jun 23

    A block trade of ~557,755 shares was executed at ₹725.05 per share for a total value of ₹40.44 crores, indicating institutional-level activity.

  • Trading window closed for Q1FY27 Jun 22

    Indian Hotels closed its trading window from June 24, 2026 ahead of Q1FY27 results. Window reopens 48 hours after results are declared.

  • Multiple investor meets scheduled Jun 16

    IHCL scheduled analyst and institutional investor meetings on June 3, 9, 11, 19, and 22 including sessions with Morgan Stanley and ICICI Securities.

  • BRSR filed for FY26 Jun 4

    IHCL submitted its Business Responsibility and Sustainability Report for FY26 to exchanges, detailing ESG performance and targets.

TL;DR: Indian Hotels is in a steady operational phase with no visible headwinds in recent news flow. The company is rewarding shareholders with a ₹3.25 dividend, actively engaging institutional investors through multiple meetings, and benefiting from a structural shift toward leisure travel. With Q1FY27 results approaching and sustained institutional interest evident from block trades and investor meets, the near-term outlook appears stable to positive.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,625
1,466
1,433
1,964
1,905
1,550
1,826
2,533
2,425
2,041
2,041
2,842
2,765
Expenses
1,090
1,056
1,078
1,231
1,246
1,101
1,325
1,571
1,568
1,465
1,471
1,766
1,793
Operating Profit
535
410
355
732
660
450
501
962
857
576
570
1,076
973
OPM %
33%
28%
25%
37%
35%
29%
27%
38%
35%
28%
28%
38%
35%
Other Income
29
49
48
40
46
46
371
59
59
61
83
334
79
Interest
57
57
59
53
52
50
52
52
54
55
56
56
55
Depreciation
108
109
111
114
120
117
125
134
142
143
145
150
167
PBT
400
294
232
605
535
328
696
834
720
440
453
1,203
830
Tax %
24%
28%
31%
28%
26%
29%
18%
26%
25%
27%
30%
22%
25%
Net Profit
339
236
179
477
438
260
583
633
563
329
318
954
645
EPS in Rs
2.31
1.57
1.18
3.18
2.93
1.75
3.9
4.09
3.67
2.08
2
6.35
4.21
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
4,189
4,023
4,021
4,104
4,512
4,463
1,575
3,056
5,810
6,769
8,335
9,689
Expenses
3,762
3,411
3,411
3,432
3,682
3,496
1,937
2,651
4,005
4,609
5,565
6,493
Operating Profit
427
612
610
671
830
968
-362
405
1,805
2,160
2,769
3,196
OPM %
10%
15%
15%
16%
18%
22%
-23%
13%
31%
32%
33%
33%
Other Income
-193
-43
44
83
90
173
325
171
142
181
535
557
Interest
176
376
324
269
190
341
403
428
236
220
208
221
Depreciation
291
285
299
301
328
404
410
406
416
454
518
605
PBT
-232
-91
31
184
402
396
-850
-258
1,295
1,666
2,578
2,926
Tax %
49%
99%
372%
66%
39%
11%
-18%
-14%
25%
28%
24%
25%
Net Profit
-347
-203
-46
104
296
364
-796
-265
1,053
1,330
2,038
2,247
EPS in Rs
-3.51
-1.75
-0.48
0.76
2.17
2.68
-5.45
-1.74
7.06
8.85
13.4
14.64
Div. Payout %
0%
-13%
-55%
47%
21%
17%
-7%
-23%
14%
20%
17%
22%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
81
99
99
119
119
119
119
142
142
142
142
142
Reserves
2,146
2,481
2,419
4,062
4,229
4,238
3,530
6,920
7,840
9,314
11,018
12,910
Borrowings
5,074
4,526
3,383
2,427
2,326
4,501
5,518
3,888
3,139
2,736
3,084
2,837
Other Liabilities
2,582
2,691
2,698
2,706
2,840
2,584
2,268
2,052
2,391
2,541
3,371
4,332
Total Liabilities
9,884
9,797
8,599
9,314
9,514
11,442
11,435
13,002
13,512
14,733
17,616
20,221
Fixed Assets
6,299
6,762
5,815
6,163
6,422
8,059
8,438
8,415
8,819
9,311
10,918
12,210
CWIP
306
290
223
197
116
244
165
194
332
256
633
787
Investments
1,587
1,515
1,244
1,511
1,335
1,427
1,483
1,967
1,891
2,261
2,279
3,606
Other Assets
1,692
1,231
1,317
1,443
1,641
1,712
1,349
2,426
2,470
2,905
3,786
3,617
Total Assets
9,884
9,797
8,599
9,314
9,514
11,442
11,435
13,002
13,512
14,733
17,616
20,221
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
495
619
535
492
711
823
-319
672
1,619
1,935
2,194
2,471
Investing
-726
341
848
-521
-387
-497
-118
-1,641
-138
-1,208
-1,869
-1,346
Financing
491
-1,196
-1,381
96
-343
-265
280
1,659
-1,528
-985
-547
-976
Net Cash Flow
260
-237
1
67
-19
62
-157
689
-47
-257
-222
149
Free Cash Flow
184
253
954
-13
251
511
-506
387
1,191
1,302
1,133
1,444
CFO/OP
121
116
102
95
110
106
95
152
104
104
100
98
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
26
22
25
29
26
24
51
30
28
26
28
27
Inventory Days
85
80
81
83
73
92
236
143
84
82
64
57
Days Payable
273
286
294
330
294
383
807
550
368
364
273
276
Cash Conversion Cycle
-162
-184
-189
-217
-195
-268
-520
-376
-256
-257
-180
-191
Working Capital Days
-66
-166
-114
-69
-112
-99
-555
-165
-84
-61
-40
-37
ROCE %
4%
5%
5%
6%
8%
7%
-6%
1%
13%
15%
17%
17%

Shareholding Pattern

As of Mar 2026
Promoters 38.12%
FIIs 23.23%
DIIs 22.70%
Public 13.46%
Others 2.49%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
40.75%
40.75%
40.75%
41.05%
38.19%
38.19%
38.19%
38.19%
38.19%
38.19%
38.19%
38.12%
38.12%
38.12%
38.12%
38.12%
38.12%
38.12%
38.12%
38.12%
38.12%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.02%
22.17%
0.23%
24.47%
27.19%
27.43%
27.78%
26.96%
27.18%
26.14%
25.08%
23.23%
DIIs
27.99%
27.80%
26.90%
25.13%
28.45%
29.52%
29.07%
26.69%
27.29%
24.19%
23.26%
21.83%
20.78%
18.43%
18.80%
18.56%
19.18%
18.52%
19.55%
20.79%
22.70%
Government
1.13%
0.14%
0.14%
0.14%
0.13%
0.13%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
Public
15.52%
16.00%
15.87%
15.98%
14.62%
14.30%
13.92%
13.89%
13.80%
13.80%
14.09%
13.87%
13.97%
13.71%
13.33%
13.22%
13.29%
13.69%
13.70%
13.49%
13.46%
Others
14.61%
15.31%
16.34%
17.71%
18.61%
17.86%
18.82%
21.23%
20.70%
23.80%
2.28%
25.95%
2.65%
2.56%
2.31%
2.31%
2.45%
2.50%
2.50%
2.51%
2.49%
No. of Shareholders
0
2,10,287
2,39,979
2,61,046
3,57,595
3,41,815
3,79,560
4,00,107
4,30,896
4,48,742
4,83,961
4,85,609
5,35,253
5,56,019
5,48,188
5,71,567
5,96,383
6,17,489
6,23,969
6,33,361
6,46,147

Documents

1
Concall - Aug 2017 Aug 2017
2
Concall - Aug 2017 Aug 2017
3
Concall - Feb 2018 Feb 2018
4
Concall - May 2018 May 2018
5
Concall - Aug 2018 Aug 2018

Frequently Asked Questions about Indian Hotels Co Ltd

What does Indian Hotels Co Ltd do?
IHCL is one of India’s leading hospitality companies. IHCL and its subsidiaries comprise diversified portfolio across luxury, upscale/upper upscale and lean luxury/midscale segments. IHCL’s operations are spread across four continents, 12 countries and over 100 cities.[1]
Where is Indian Hotels Co Ltd (INDHOTEL) listed?
Indian Hotels Co Ltd is listed on the Indian stock exchanges. It is listed on NSE: INDHOTEL and BSE: 500850. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Indian Hotels Co Ltd belong to?
Indian Hotels Co 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 Indian Hotels Co Ltd?
Indian Hotels Co Ltd has a market capitalisation of approximately ₹103355.41 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Indian Hotels Co Ltd?
The Price-to-Earnings (PE) ratio of Indian Hotels Co Ltd is 49.22. 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 Indian Hotels Co Ltd?
Over the past 52 weeks, Indian Hotels Co Ltd has traded between a low of ₹565 and a high of ₹811.95. This range helps investors understand the stock's price volatility and recent trading levels.
Does Indian Hotels Co Ltd pay dividends?
Yes, Indian Hotels Co Ltd has a dividend yield of 0.45%. 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 Indian Hotels Co Ltd?
Indian Hotels Co Ltd has a Return on Equity (ROE) of 11.86%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Indian Hotels Co Ltd on Tapetide?
On Tapetide, you can view Indian Hotels Co 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

IHCL is one of India’s leading hospitality companies. IHCL and its subsidiaries comprise diversified portfolio across luxury, upscale/upper upscale and lean luxury/midscale segments. IHCL’s operations are spread across four continents, 12 countries and over 100 cities.[1]

Website ihcltata.com
CEO Mr. Puneet Chhatwal
Employees 20,090
Listed 1996-07-03
Face Value ₹ 1
Issued Size 1,42,34,32,227

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