Indian Hotels Co Ltd
Indian Hotels Co Ltd
Leisure Services F&OKey Fundamentals
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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50 extracted metrics + investor summaries across FY05–FY26.
Tapetide Score
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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 7.85 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Indian Hotels Co Ltd commands a market cap of ₹1,02,067 Cr with a PE of 44.5x and PB of 7.86x. The company has delivered strong profit CAGR of 31.6% over 5 years and compounded sales growth of 19% over 3 years, though the stock has declined 6% over the past year after a 39% CAGR over 5 years.
- Strong 5-year compounded profit growth of 32% CAGR demonstrates sustained earnings momentum
- 3-year compounded sales growth of 19% indicates robust revenue expansion post-pandemic
- 5-year stock CAGR of 39% reflects significant long-term wealth creation for shareholders
- TTM revenue growth of 13% shows continued top-line traction in the current period
- ROE has improved to 14% on a 3-year and last-year basis, up from 8% on a 10-year average
- Consistent dividend payout of 19.6% signals management confidence in cash flow sustainability
- 10-year compounded profit CAGR of 25% reflects long-duration structural earnings improvement
- 10-year stock CAGR of 20% demonstrates durable re-rating over a full market cycle
- Stock trades at 7.86x book value, significantly above historical norms for the hospitality sector
- PE ratio of 44.5x implies elevated earnings expectations that leave limited margin for error
- 1-year stock return of -6% indicates recent price weakness despite continued profit growth
- Dividend yield of only 0.45% offers minimal income cushion for investors at current valuations
- 5-year compounded sales CAGR of 44% was boosted by a low pandemic base, making forward growth comparisons harder
- TTM profit growth of 13% shows deceleration from the 5-year CAGR of 32%, suggesting normalizing earnings trajectory
- 10-year sales CAGR of only 9% reveals that underlying structural revenue growth has been single-digit outside the post-Covid recovery
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Taj Palace rent dispute escalates Jul 21
Mumbai Port Trust has labelled Indian Hotels a 'top defaulter' over unresolved rent dispute for the Taj Mahal Palace, marking a formal escalation in the landlord-tenant conflict.
- Q1FY27 net profit up 38% Jul 21
Standalone net profit rose 38% YoY to ₹337.18 crore in Q1FY27. Consolidated revenue from operations grew 14.6% to ₹2,339.19 crore.
- Analyst meetings scheduled Aug 10/18 Aug 5
Indian Hotels announced physical meetings with analysts and institutional investors on August 10 and 18, 2026, in Mumbai.
- Block trades worth ₹219.67 crore Jul 20
Three block trades across NSE and BSE totalled ₹219.67 crore (~30.05 lakh shares), reflecting broad-based institutional participation at prices between ₹721–₹734.35.
TL;DR: Indian Hotels delivered strong Q1FY27 earnings with 38% profit growth and 14.6% revenue expansion, signalling robust demand in the leisure/hospitality segment. The key risk is the escalating rent dispute with Mumbai Port Trust over the iconic Taj Mahal Palace property, which could carry financial or reputational implications. Institutional activity remains healthy with sizable block trades. The operational trend is positive, but the port trust conflict bears monitoring for any material liability.
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 | 1,466 | 1,433 | 1,964 | 1,905 | 1,550 | 1,826 | 2,533 | 2,425 | 2,041 | 2,041 | 2,842 | 2,765 | 2,339 |
| Expenses | 1,056 | 1,078 | 1,231 | 1,246 | 1,101 | 1,325 | 1,571 | 1,568 | 1,465 | 1,471 | 1,766 | 1,793 | 1,666 |
| Operating Profit | 410 | 355 | 732 | 660 | 450 | 501 | 962 | 857 | 576 | 570 | 1,076 | 973 | 673 |
| OPM % | 28% | 25% | 37% | 35% | 29% | 27% | 38% | 35% | 28% | 28% | 38% | 35% | 29% |
| Other Income | 49 | 48 | 40 | 46 | 46 | 371 | 59 | 59 | 61 | 83 | 334 | 79 | 80 |
| Interest | 57 | 59 | 53 | 52 | 50 | 52 | 52 | 54 | 55 | 56 | 56 | 55 | 57 |
| Depreciation | 109 | 111 | 114 | 120 | 117 | 125 | 134 | 142 | 143 | 145 | 150 | 167 | 163 |
| PBT | 294 | 232 | 605 | 535 | 328 | 696 | 834 | 720 | 440 | 453 | 1,203 | 830 | 533 |
| Tax % | 28% | 31% | 28% | 26% | 29% | 18% | 26% | 25% | 27% | 30% | 22% | 25% | 27% |
| Net Profit | 236 | 179 | 477 | 438 | 260 | 583 | 633 | 563 | 329 | 318 | 954 | 645 | 391 |
| EPS in Rs | 1.57 | 1.18 | 3.18 | 2.93 | 1.75 | 3.9 | 4.09 | 3.67 | 2.08 | 2 | 6.35 | 4.21 | 2.51 |
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 | 4,189 | 4,023 | 4,021 | 4,104 | 4,512 | 4,463 | 1,575 | 3,056 | 5,810 | 6,769 | 8,335 | 9,689 | 9,987 |
| 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 | 6,696 |
| Operating Profit | 427 | 612 | 610 | 671 | 830 | 968 | -362 | 405 | 1,805 | 2,160 | 2,769 | 3,196 | 3,291 |
| OPM % | 10% | 15% | 15% | 16% | 18% | 22% | -23% | 13% | 31% | 32% | 33% | 33% | 33% |
| Other Income | -193 | -43 | 44 | 83 | 90 | 173 | 325 | 171 | 142 | 181 | 535 | 557 | 577 |
| Interest | 176 | 376 | 324 | 269 | 190 | 341 | 403 | 428 | 236 | 220 | 208 | 221 | 224 |
| Depreciation | 291 | 285 | 299 | 301 | 328 | 404 | 410 | 406 | 416 | 454 | 518 | 605 | 625 |
| PBT | -232 | -91 | 31 | 184 | 402 | 396 | -850 | -258 | 1,295 | 1,666 | 2,578 | 2,926 | 3,019 |
| 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 | 2,309 |
| 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 | 15.07 |
| Div. Payout % | 0% | -13% | -55% | 47% | 21% | 17% | -7% | -23% | 14% | 20% | 17% | 22% | — |
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 | 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 |
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 | 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 |
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 | 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% |
Documents
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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]