EIH Associated Hotels Ltd
EIHAHOTELSEIH Associated Hotels Ltd is cheap for a reason. The P/E sits at the 13th percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: the P/E sits at the 13th percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn.
The price is in a downtrend (34 weeks in) while the P/E sits at the 13th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −17.4% year on year, and 110% of the last 3 years' profit arrived as cash. What settles it: whether the quarters turn before the discount closes.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
EIH Associated Hotels Ltd trades at ₹321, in a downtrend and 34 weeks into that stage. That is −4.0% against its own 200-day average. It sits at 31% of a 52-week range of ₹283 to ₹409. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).
Today the stock is in a downtrend — week 34 of stage 4, confirmed. At ₹321 it trades −4.0% versus its 200-day average and sits at 31% of its 52-week range (₹283–₹409).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +124% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 13th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
EIH Associated Hotels Ltd trades at 21.0× P/E, near the bottom of its own range — cheaper only 13% of the time. Its long-run median P/E is 25.8×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 21.0× is near the bottom of its own range — cheaper only 13% of the time, against a long-run median of 25.8× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved −5.0% against a −19.7% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 10y, of the +5.9%/yr price move, ~+8.7%/yr came from earnings growth and ~−2.8 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Topping out Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
EIH Associated Hotels Ltd reads as topping out on its fundamental arc. Topping out — revenue and profit growth have decelerated hard (revenue growth +20.3% at its peak → −9.3% latest) while ROCE still reads 21.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: decelerating from a peak is where good stories quietly end — the multiple usually notices late.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −5.9% | +4.4% | +30.6% | +4.6% |
| Profit | −5.4% | +10.2% | — | +8.4% |
| EPS | −5.0% | +10.5% | — | +8.4% |
| Share price | −19.7% | +6.6% | +12.9% | +5.9% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
48.4/100 — rank 13 of 24 in Hotels · 77% evidence confidence
EIH Associated Hotels Ltd scores 48.4 out of 100 against the 24 companies it is compared with in Hotels, ranking 13. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 8.7 + 18.8 + 12.7 + 8.2 = 48.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
EIH Associated Hotels Ltd reported ₹127 Cr of revenue in the Mar 26 quarter, −9.3% year on year. Over 10 years it has compounded at 4.6% a year. The last full year, FY26, came in at ₹384 Cr. The last four reported quarters add to ₹383 Cr.
EIH Associated Hotels Ltd reported ₹127 Cr of revenue in the Mar 26 quarter, −9.3% year on year. Over 10 years it has compounded at 4.6% a year. The last full year, FY26, came in at ₹384 Cr. The last four reported quarters add to ₹383 Cr.
FY26 revenue came in at ₹384 Cr (−5.9% on the year), capping 10 years at 4.6% compound. The latest quarter (Mar 26) printed ₹127 Cr, −9.3% year on year.
Pace check: the last four quarters averaged −5.7% growth against the decade's 4.6% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −6.1% over the last 4 quarters against −0.3%/yr over the last 8 — rolling over; TTM profit −4.3% vs +4.2%/yr — rolling over.
→ Revenue slipped — did margins hold as it scaled? Next: 39.0% this quarter (−4.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
EIH Associated Hotels Ltd's operating margin is 39.0% in the Mar 26 quarter, −4.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged −17.0% to 31.0%. The current quarter is running above every full year in that window.
EIH Associated Hotels Ltd's operating margin is 39.0% in the Mar 26 quarter, −4.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged −17.0% to 31.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 39.0%, −4.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −17.0%–31.0%, and FY26's 31.0% is the top of that band — a record year.
🚨 Why the margin moved: operating margin went −4.2 pp year on year while gross margin went −0.7 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins slipped — did that reach the bottom line? Next: profit −17.4% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
EIH Associated Hotels Ltd earned ₹38.0 Cr of net profit in the Mar 26 quarter, −17.4% year on year. Full-year FY26 profit was ₹87.0 Cr. The 10-year compound rate is 8.4%. That is 29.9% of the quarter's revenue. The same quarter a year earlier earned ₹46.0 Cr. 1 of the last 12 reported quarters were loss-making.
EIH Associated Hotels Ltd earned ₹38.0 Cr of net profit in the Mar 26 quarter, −17.4% year on year. Full-year FY26 profit was ₹87.0 Cr. The 10-year compound rate is 8.4%. That is 29.9% of the quarter's revenue. The same quarter a year earlier earned ₹46.0 Cr. 1 of the last 12 reported quarters were loss-making.
Mar 26 profit was ₹38.0 Cr, −17.4% year on year. On the full year, FY26 printed ₹87.0 Cr (−5.4%), and the 10-year compound rate is 8.4%.
🚨 Why profit moved: revenue contributed −9.3% and the margin −4.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +21.3% vs revenue −5.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 110% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 110% of EIH Associated Hotels Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹100 Cr of operating cash against ₹87.0 Cr of profit. After ₹54.0 Cr of capital spending, ₹46.0 Cr was left as free cash.
FY26: operating cash of ₹100 Cr against reported profit of ₹87.0 Cr, leaving free cash of ₹46.0 Cr after ₹54.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 110% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 110%: the cash cycle tightened 11 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 2.1× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹106 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
EIH Associated Hotels Ltd's cash conversion cycle runs 15 days in FY26, down from 26 days in FY21. Capital spending ran ₹106 Cr over the last 3 years. At FY26 sales of ₹384 Cr each day of that cycle holds about ₹1.1 Cr, so roughly ₹16.0 Cr sits inside the business at any moment.
FY26: debtors at 15 days, inventory at 175 days — roughly 5.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 15 days, tighter than FY21's 26.
The full loop: cash goes out to suppliers and production on day 0; stock waits 175 days to sell; customers pay about 15 days after that; and suppliers themselves are paid at 630 days — netting out to the 15-day cycle.
In money terms: at FY26 sales of ₹384 Cr, each day of the cycle holds about ₹1.1 Cr — so the 15-day loop keeps roughly ₹16.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹106 Cr over the last 3 fiscal years against ₹51.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹47.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 21% and the ROIC − WACC spread is +10.7 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
EIH Associated Hotels Ltd earns a ROCE of 21% in FY26. That is up from a trough of −9% in FY21. Return on invested capital clears the cost of that capital by +10.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 22.7% net margin on 0.53× asset turns.
FY26 ROCE is 21%, recovered from a FY21 trough of −9% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 22.7% net margin × 0.53× asset turns × 1.20× balance-sheet leverage ≈ 14.4% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 22.7% − 12.0% = a +10.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.01.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
EIH Associated Hotels Ltd carries total debt of ₹4.0 Cr against shareholder equity of ₹602 Cr as of Mar 26, a debt-to-equity of 0.01 — effectively unlevered. On the annual view that ratio went from 0.01 in FY22 to 0.01 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹4.0 Cr against shareholder equity of ₹602 Cr — a debt-to-equity of 0.01. On the annual view, debt-to-equity went from 0.01 (FY22) to 0.01 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of EIH Associated Hotels Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 75.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −0.1 points over 8 quarters to 13.7%; Promoters: +0.0 points over 8 quarters to 75.0%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
EIH Associated Hotels Ltd: the Z-score reads 13.17. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 13.17 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 13.17.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| EIH Associated Hotels Ltd this page | 21.0× | ₹1,895 Cr | Topping out | |||
| Indian Hotels Co Ltd | 53.3× | ₹1L Cr | Consistent | |||
| ITC Hotels Ltd | 36.2× | ₹33,311 Cr | No read | |||
| EIH Ltd | 28.6× | ₹20,412 Cr | Mixed | |||
| Chalet Hotels Ltd | 27.6× | ₹17,835 Cr | Mixed | |||
| Travel Food Services Ltd | 38.4× | ₹16,938 Cr | No read | |||
| Leela Palaces Hotels & Resorts Ltd | 38.8× | ₹15,853 Cr | No read | |||
| Ventive Hospitality Ltd | 33.5× | ₹14,427 Cr | No read | |||
| Lemon Tree Hotels Ltd | 34.9× | ₹8,664 Cr | Mixed | |||
| Juniper Hotels Ltd | 24.8× | ₹4,296 Cr | No read | |||
| Samhi Hotels Ltd | 9.6× | ₹3,946 Cr | No read | |||
| Apeejay Surrendra Park Hotels Ltd | 39.1× | ₹2,611 Cr | Mixed | |||
| Apeejay Surrendra Park Hotels Ltd | 29.8× | ₹2,528 Cr | Mixed | |||
| Oriental Hotels Ltd | 35.9× | ₹2,408 Cr | Improving | |||
| TajGVK Hotels & Resorts Ltd | 14.6× | ₹2,257 Cr | No read | |||
| Asian Hotels (North) Ltd | 484.0× | ₹1,307 Cr | No read | |||
| Benares Hotels Ltd | 28.1× | ₹1,236 Cr | Mixed | |||
| Viceroy Hotels Ltd | 48.7× | ₹892 Cr | No read | |||
| Royal Orchid Hotels Ltd | 27.6× | ₹853 Cr | Mixed | |||
| U P Hotels Ltd | 25.8× | ₹777 Cr | Turning around | |||
| Advent Hotels International Ltd | 15.8× | ₹768 Cr | No read | |||
| Asian Hotels (West) Ltd | 8.2× | ₹670 Cr | No read | |||
| Sayaji Hotels Ltd | — | ₹525 Cr | No read | |||
| Kamat Hotels (India) Ltd | 11.7× | ₹499 Cr | Mixed | |||
| HLV Ltd | 2.8× | ₹473 Cr | No read |
Frequently asked questions
What is EIH Associated Hotels Ltd's share price today?
EIH Associated Hotels Ltd trades at ₹321, −19.7% over the past year. The company is valued at ₹1,895 Cr. The stock sits at 31% of its 52-week range of ₹283–₹409, −4.0% versus its 200-day average. On the tape, the price is in a downtrend, 34 weeks in. — as of 24 July 2026.
What were EIH Associated Hotels Ltd's latest quarterly results?
EIH Associated Hotels Ltd reported revenue of ₹127 Cr and net profit of ₹38.0 Cr for the Mar 26 quarter. Revenue fell 9.3% and profit fell 17.4% year on year. Earnings per share were ₹6.18. The operating margin was 39.0%, 4.0 pp lower than a year earlier. — as of 24 July 2026.
What is EIH Associated Hotels Ltd's revenue?
EIH Associated Hotels Ltd reported revenue of ₹127 Cr in the Mar 26 quarter, −9.3% year on year. For the full FY26 fiscal year, revenue was ₹384 Cr (−5.9%). Over the last 10 years revenue compounded at 4.6% a year. — as of 24 July 2026.
What is EIH Associated Hotels Ltd's profit?
EIH Associated Hotels Ltd earned ₹38.0 Cr of net profit in the Mar 26 quarter, −17.4% year on year. Full-year FY26 profit was ₹87.0 Cr. The operating margin ran 39.0% in the latest quarter. — as of 24 July 2026.
What is EIH Associated Hotels Ltd's market cap?
EIH Associated Hotels Ltd's market capitalisation is ₹1,895 Cr at a share price of ₹321. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is EIH Associated Hotels Ltd's P/E ratio?
EIH Associated Hotels Ltd trades at a P/E of 21.0×, at the 13th percentile of its own 10-year range, against a long-run median of 25.8×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does EIH Associated Hotels Ltd pay a dividend?
Yes — EIH Associated Hotels Ltd's dividend payout was 24% of profit in FY26, and it recorded a payout in 10 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is EIH Associated Hotels Ltd overvalued?
On its own history, EIH Associated Hotels Ltd looks cheap against its own history: its P/E of 21.0× has been cheaper only 13% of the time in 10 years (long-run median 25.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is EIH Associated Hotels Ltd growing?
Not right now — EIH Associated Hotels Ltd's latest numbers are shrinking: latest-quarter revenue −9.3% year on year, profit −17.4%, and the margin −4.0 pp at 39.0%. The 10-year compound rates are 4.6% (revenue) and 8.4% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is EIH Associated Hotels Ltd performing?
EIH Associated Hotels Ltd is in a downtrend, 34 weeks in. Its latest quarter's revenue fell 9.3% and profit fell 17.4% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is EIH Associated Hotels Ltd in?
Topping out — revenue and profit growth have decelerated hard (revenue growth +20.3% at its peak → −9.3% latest) while ROCE still reads 21.0%. The read comes from the last 12 quarters of growth (revenue growth −9.3% latest, profit growth −17.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is EIH Associated Hotels Ltd in an uptrend?
No — the price is in a downtrend (week 34 of stage 4), trading −4.0% versus its 200-day average and at 31% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is EIH Associated Hotels Ltd beating the market?
Not lately — on a trailing-13-week view EIH Associated Hotels Ltd is currently behind the NIFTY 500 (6 weeks and counting; last ahead the week of 2026-06-19), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +124% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will EIH Associated Hotels Ltd's share price go up?
This page publishes no price forecast for EIH Associated Hotels Ltd. What it measures instead: the share price is ₹321, the price is in a downtrend 34 weeks in. Its P/E of 21.0× sits at the 13th percentile of its own 10-year range. — as of 24 July 2026.
Who owns EIH Associated Hotels Ltd?
Promoters hold 75.0% of EIH Associated Hotels Ltd, foreign institutions 13.7%, domestic institutions null% and the public 11.3% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does EIH Associated Hotels Ltd have too much debt?
No — EIH Associated Hotels Ltd's debt-to-equity is 0.01, and operating profit covers the interest bill north of 100×. FY26 borrowings were ₹4.0 Cr against equity of ₹602 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is EIH Associated Hotels Ltd's capex?
EIH Associated Hotels Ltd spent ₹106 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹54.0 Cr, with ₹47.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is EIH Associated Hotels Ltd's cash flow?
EIH Associated Hotels Ltd generated ₹100 Cr of operating cash flow in FY26 and ₹46.0 Cr of free cash flow after ₹54.0 Cr of capital spending. Reported profit that year was ₹87.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is EIH Associated Hotels Ltd's profit real cash?
Yes — over the last 3 fiscal years, 110% of EIH Associated Hotels Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹100 Cr against reported profit of ₹87.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
How financially safe is EIH Associated Hotels Ltd?
On the balance sheet, the Z-score reads 13.17 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.
Where is EIH Associated Hotels Ltd in its business cycle?
EIH Associated Hotels Ltd's FY26 operating margin was 31.0%, against a 13-year band of −17.0%–31.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 39.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the EIH Associated Hotels Ltd story?
The sharpest disagreement: the P/E sits at the 13th percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is EIH Associated Hotels Ltd a stock worth studying right now?
This is not investment advice. The machine read: EIH Associated Hotels Ltd is cheap for a reason. The P/E sits at the 13th percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the quarters turn before the discount closes. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.