ITC Hotels Ltd
ITCHOTELS NSE
ITC Hotels Ltd
Leisure ServicesNSE: ITCHOTELS BSE: 544325 Hotels & Resorts
Key Fundamentals
SmallcapHotels & ResortsLeisure ServicesMarket Cap
₹34,561 Cr
Volatility
Moderate
P/E Ratio
39.53
EBITDA
₹1,616 Cr
Return on Equity
7.02%
Debt to Equity
0.01
Book Value
₹55.97
52W High
₹253.67
52W Low
₹137.3
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view ITC Hotels Ltd insights
38 extracted metrics + investor summaries across FY24–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
2- Stock is trading at 2.97 times its book value
- Company has a low return on equity of 6.65% over last 3 years.
Growth Rate
Revenue Growth
19.39% ↗
Net Income Growth
28.81% ↗
Cash Flow Change
38.55% ↗
ROE
18.18% ↗
ROCE
16.77% ↗
EBITDA Margin (Avg.)
5.97% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk medium
ITC Hotels Ltd, demerged from ITC Ltd in early 2025, operates 140+ hotels across 6 brands with a market cap of ~₹35,200 crore. The company trades at a PE of 40.3x with TTM revenue growth of 16% and profit growth of 35%, but carries a modest 3-year ROE of ~7% and a price-to-book of 3.01x, reflecting premium valuation against moderate capital efficiency.
Bull Case 8
- Strong revenue momentum — consolidated revenue grew 16% YoY in FY25 to ~₹3,333 crore, with Q4 FY25 revenue up 17% to ₹1,061 crore marking best-ever quarterly performance
- Profit growth outpacing revenue — TTM PAT growth of 35%, with Q4 FY25 net profit up 41% YoY to ₹257 crore indicating significant operating leverage
- Virtually debt-free balance sheet provides financial flexibility for expansion without interest burden or dilution risk
- Occupancy levels at 79% in Q4 FY25 with ADRs at ~₹15,000 (up 14% YoY), demonstrating strong pricing power in the luxury/premium segment
- Aggressive expansion pipeline — targeting 250 hotels with 22,000+ rooms by 2031, with 78 hotels (8,000+ keys) already in the pipeline, using asset-light management contracts
- Industry tailwinds — branded hotel room demand grew 9.1% vs supply growth of 7.8% in CY2025, creating a favorable demand-supply gap
- Revenue and EBITDA CAGR of 13% and 23% respectively over FY20-25 demonstrates consistent long-term compounding ability
- Asset-right strategy expanding into Tier-2 and Tier-3 cities (Bodh Gaya, Rishikesh, Siliguri) positions the company to capture rising domestic travel demand projected to double from ₹19 trillion to ₹36.5 trillion by 2036
Bear Case 8
- Low return on equity of 6.65% over 3 years, indicating suboptimal capital efficiency for a company trading at premium multiples
- Stock trading at 3.01x book value despite single-digit ROE — a PB/ROE mismatch that suggests the market is pricing in future growth that may not materialize
- PE of 40.3x is a significant premium to the broader market, leaving limited margin of safety if growth decelerates
- Stock has declined 26% over the past year since demerger listing, reflecting market skepticism about standalone valuation
- Dividend yield of only 0.59% offers minimal income cushion for investors during periods of capital depreciation
- Heavy reliance on owned luxury properties means high fixed costs and capital intensity, with asset-light strategy still in early stages of contributing to revenue
- Hotel industry supply growing at 7.8% annually could narrow the demand-supply gap if economic growth slows below projected 7.4% GDP growth
- As a newly demerged entity, limited standalone track record makes it difficult to assess normalized earnings power and long-term capital allocation discipline
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 18h ago Positives 3
- Revenue up 19% to ₹4,331 cr Aug 6
ITC Hotels reported total income of ₹4,331 crore with a 29% jump in PAT at its 3rd AGM, reflecting strong operational momentum.
- 78-hotel pipeline, asset-right model Aug 6
Chairman highlighted an asset-right expansion strategy with a pipeline of 78 hotels, signaling capital-efficient growth ahead.
- ₹1 dividend approved at AGM Aug 6
Shareholders approved a ₹1 per share dividend and re-elected directors Rajendra Kumar Singhi and Ramakrishnan Chander at the Aug 6 AGM.
TL;DR: ITC Hotels is executing well with 19% revenue growth and a 29% PAT increase, supported by an asset-right strategy and a robust 78-hotel pipeline. No material headwinds emerged from recent news. The trend is clearly improving with strong profitability and disciplined capital allocation positioning the company for sustained growth in India's expanding hospitality market.
Quarterly Results
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 706 | 778 | 1,015 | 1,061 | 816 | 839 | 1,231 | 1,254 | 936 |
| Expenses | 500 | 566 | 635 | 648 | 571 | 594 | 764 | 787 | 644 |
| Operating Profit | 206 | 212 | 381 | 412 | 245 | 246 | 467 | 466 | 292 |
| OPM % | 29% | 27% | 37% | 39% | 30% | 29% | 38% | 37% | 31% |
| Other Income | 14 | 7 | 19 | 43 | 48 | 49 | -34 | 60 | 62 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 95 | 104 | 104 | 100 | 102 | 104 | 104 | 106 | 104 |
| PBT | 123 | 114 | 294 | 354 | 189 | 189 | 327 | 418 | 248 |
| Tax % | 29% | 33% | 27% | 27% | 29% | 29% | 28% | 24% | 27% |
| Net Profit | 87 | 77 | 216 | 258 | 134 | 133 | 237 | 317 | 182 |
| EPS in Rs | — | — | — | 1.23 | 0.64 | 0.64 | 1.13 | 1.52 | 0.87 |
Profit & Loss
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| Sales | 2,224 | 3,560 | 4,139 | 4,260 |
| Expenses | 1,454 | 2,307 | 2,660 | 2,788 |
| Operating Profit | 771 | 1,253 | 1,480 | 1,471 |
| OPM % | 35% | 35% | 36% | 35% |
| Other Income | 16 | 77 | 115 | 138 |
| Interest | 20 | 44 | 55 | 8 |
| Depreciation | 201 | 402 | 417 | 418 |
| PBT | 565 | 884 | 1,123 | 1,182 |
| Tax % | 25% | 28% | 27% | — |
| Net Profit | 424 | 638 | 821 | 869 |
| EPS in Rs | — | 3.05 | 3.92 | 4.16 |
| Div. Payout % | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 83 | 208 | 208 |
| Reserves | 8,415 | 10,484 | 11,450 |
| Borrowings | 74 | 73 | 74 |
| Other Liabilities | 1,617 | 1,707 | 1,748 |
| Total Liabilities | 10,188 | 12,472 | 13,480 |
| Fixed Assets | 6,436 | 8,189 | 8,089 |
| CWIP | 1,768 | 158 | 207 |
| Investments | 204 | 676 | 1,956 |
| Other Assets | 1,780 | 3,449 | 3,229 |
| Total Assets | 10,188 | 12,472 | 13,480 |
Cash Flow
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Operating | 672 | 801 | 1,110 |
| Investing | -753 | -2,203 | -1,174 |
| Financing | 127 | 1,430 | 19 |
| Net Cash Flow | 47 | 27 | -46 |
| Free Cash Flow | 22 | 419 | 701 |
| CFO/OP | 116 | 81 | 95 |
Ratios
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 24 | 21 | 20 |
| Cash Conversion Cycle | 24 | 21 | 20 |
| Working Capital Days | 48 | 48 | 43 |
| ROCE % | — | 10% | 11% |
Documents
1
Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - ITC Hotels' FY2025-26 secretarial compliance report confirms full SEBI LODR compliance and no non-compliances. 2d - ITC Hotels' FY2025-26 secretarial compliance report confirms full SEBI LODR compliance and no non-compliances.
2
Board Meeting Intimation for Approval Of Financial Results And Recommendation Of Final Dividend.
8 May - Board meets 15 May 2026 to approve FY26 audited results and recommend final dividend. 8 May - Board meets 15 May 2026 to approve FY26 audited results and recommend final dividend.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 6 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018
5
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
19 Mar - Allotment of Shares under ITC Hotels - Special Purpose Employee Stock Option Scheme. 19 Mar - Allotment of Shares under ITC Hotels - Special Purpose Employee Stock Option Scheme.
Frequently Asked Questions about ITC Hotels Ltd
What does ITC Hotels Ltd do?
ITC Hotels is an Indian hospitality company that operates and manages hotels, with over 200 hotels. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. It operates hotels across 90+ destinations under brands like ITC Hotels, Memen...
Where is ITC Hotels Ltd (ITCHOTELS) listed?
ITC Hotels Ltd is listed on the Indian stock exchanges. It is listed on NSE: ITCHOTELS and BSE: 544325. You can view its live share price, financials, and ratios on Tapetide.
Which sector does ITC Hotels Ltd belong to?
ITC Hotels Ltd operates in the Leisure Services sector within the Hotels & Resorts industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of ITC Hotels Ltd?
ITC Hotels Ltd has a market capitalisation of approximately ₹34560.74 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of ITC Hotels Ltd?
The Price-to-Earnings (PE) ratio of ITC Hotels Ltd is 39.53. 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 ITC Hotels Ltd?
Over the past 52 weeks, ITC Hotels Ltd has traded between a low of ₹137.3 and a high of ₹253.67. This range helps investors understand the stock's price volatility and recent trading levels.
Does ITC Hotels Ltd pay dividends?
Yes, ITC Hotels Ltd has a dividend yield of 0.60%. 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 ITC Hotels Ltd?
ITC Hotels Ltd has a Return on Equity (ROE) of 7.02%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research ITC Hotels Ltd on Tapetide?
On Tapetide, you can view ITC Hotels 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
ITC Hotels is an Indian hospitality company that operates and manages hotels, with over 200 hotels. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. It operates hotels across 90+ destinations under brands like ITC Hotels, Mementos, Epiq Collection Storii, Welcomhotel, Fortune, and Welcome Heritage.[1][2]