Indian Hotels Co Ltd
Indian Hotels Co Ltd
Leisure Services F&OKey Fundamentals
MidcapHotels & ResortsLeisure ServicesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indian Hotels Co Ltd insights
50 extracted metrics + investor summaries across FY05–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
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 7.97 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Indian Hotels Co Ltd commands a market cap of ₹1,06,537 Cr with a PE of 45.9x and trades at 8.13x book value. The company has delivered 31.6% profit CAGR over 5 years and 19% compounded sales growth over 3 years, though ROE stands at 14% on a last-year basis and the stock has returned -1% over the past 1 year.
- Strong 5-year compounded profit growth of 32% CAGR demonstrates consistent earnings expansion
- 3-year compounded sales growth of 19% indicates robust revenue momentum in the post-pandemic hospitality recovery
- TTM sales growth of 13% shows continued top-line traction even on a higher base
- 10-year stock CAGR of 20% reflects sustained long-term wealth creation for shareholders
- 5-year stock CAGR of 39% significantly outperforms broader market indices over the same period
- Healthy dividend payout ratio of 19.6% signals shareholder-friendly capital allocation despite being in a growth phase
- ROE has improved from 8% on a 10-year average to 14% on a last-year basis, indicating improving capital efficiency
- TTM profit growth of 13% continues the trajectory of double-digit earnings expansion
- PE ratio of 45.9x is elevated relative to broader market averages, leaving limited margin of safety
- Price-to-book ratio of 8.13x is significantly above historical norms for hospitality companies, pricing in substantial future growth
- 1-year stock return of -1% suggests the market has paused re-rating the stock after the sharp multi-year rally
- Dividend yield of only 0.43% offers minimal income cushion for investors at current valuations
- 10-year compounded sales growth of just 9% reveals that the recent high growth partly reflects a low pandemic-era base rather than a structural shift
- ROE of 14% is modest relative to the 8.13x PB multiple, implying the market is paying a significant premium per unit of return on equity
- 5-year compounded sales growth of 44% is heavily inflated by near-zero revenue during FY21 lockdowns, making forward extrapolation risky
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 obligations 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.
- 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.
- Analyst meetings scheduled Aug 10, 18 Aug 5
Indian Hotels has announced physical meetings with analysts and institutional investors on August 10 and 18, 2026, in Mumbai.
- Q1 earnings call hosted Jul 21 Jul 15
Indian Hotels scheduled a conference call on July 21, 2026 at 19:00 IST to discuss Q1 FY26-27 results for the quarter ended June 30, 2026.
TL;DR: Indian Hotels delivered strong Q1FY27 results with 38% profit growth and 14.6% revenue expansion, signalling robust demand across its hospitality portfolio. The key risk is the escalating rent dispute with Mumbai Port Trust over the flagship Taj Mahal Palace property, which could carry financial or reputational implications. Institutional activity remains healthy with sizable block trades. The earnings trend is clearly positive, but the unresolved Taj rental conflict warrants monitoring.
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
Frequently Asked Questions about Indian Hotels Co Ltd
What does Indian Hotels Co Ltd do?
Where is Indian Hotels Co Ltd (INDHOTEL) listed?
Which sector does Indian Hotels Co Ltd belong to?
What is the market capitalisation of Indian Hotels Co Ltd?
What is the PE ratio of Indian Hotels Co Ltd?
What is the 52-week high and low of Indian Hotels Co Ltd?
Does Indian Hotels Co Ltd pay dividends?
What is the Return on Equity (ROE) of Indian Hotels Co Ltd?
How can I research Indian Hotels Co Ltd on Tapetide?
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]