EIH Ltd
EIHOTELEIH Ltd is cheap for a reason. The P/E sits at the 10th percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: the P/E sits at the 10th percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn.
The price is in a downtrend (28 weeks in) while the P/E sits at the 10th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −5.0% year on year, and 120% 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 Ltd trades at ₹339, in a downtrend and 28 weeks into that stage. That is +0.9% against its own 200-day average. It sits at 43% of a 52-week range of ₹284 to ₹411. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks.
Today the stock is in a downtrend — week 28 of stage 4, confirmed. At ₹339 it trades +0.9% versus its 200-day average and sits at 43% of its 52-week range (₹284–₹411).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +223% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 2 straight weeks — 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 10th 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 Ltd trades at 28.6× P/E, near the bottom of its own range — cheaper only 10% of the time. Its long-run median P/E is 46.5×, 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 28.6× is near the bottom of its own range — cheaper only 10% of the time, against a long-run median of 46.5× 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.
Why the multiple sits where it does: over the past year annual EPS moved −15.0% against a −11.0% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 10y, of the +11.4%/yr price move, ~+17.0%/yr came from earnings growth and ~−5.6 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 disagree by up to 6.2% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — 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: Mixed 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 Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE holding at 21.0% — the per-curve reads carry the story. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
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 | +7.2% | +13.3% | +42.9% | +5.9% |
| Profit | −14.7% | +25.9% | — | +16.5% |
| EPS | −15.0% | +26.0% | — | +16.9% |
| Share price | −11.0% | +16.8% | +23.9% | +11.4% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
52.7/100 — rank 10 of 24 in Hotels · 73% evidence confidence
EIH Ltd scores 52.7 out of 100 against the 24 companies it is compared with in Hotels, ranking 10. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 11.2 + 19.4 + 12.6 + 9.5 = 52.7. 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 Ltd reported ₹895 Cr of revenue in the Mar 26 quarter, +8.2% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 5.9% a year. The last full year, FY26, came in at ₹2,940 Cr. The last four reported quarters add to ₹2,940 Cr.
EIH Ltd reported ₹895 Cr of revenue in the Mar 26 quarter, +8.2% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 5.9% a year. The last full year, FY26, came in at ₹2,940 Cr. The last four reported quarters add to ₹2,940 Cr.
FY26 revenue came in at ₹2,940 Cr (+7.2% on the year), capping 10 years at 5.9% compound. The latest quarter (Mar 26) printed ₹895 Cr, +8.2% year on year — the 10th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +6.9% growth against the decade's 5.9% — the current year is running in line with its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +7.2% over the last 4 quarters against +8.2%/yr over the last 8 — stabilising; TTM profit −14.7% vs −1.5%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 37.0% this quarter (−5.0 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 Ltd's operating margin is 37.0% in the Mar 26 quarter, −5.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −72.0% to 37.0%. The current quarter sits inside that band.
EIH Ltd's operating margin is 37.0% in the Mar 26 quarter, −5.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −72.0% to 37.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 37.0%, −5.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −72.0%–37.0%.
🚨 Why the margin moved: operating margin went −5.1 pp year on year while gross margin went −0.3 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins slipped — did that reach the bottom line? Next: profit −5.0% 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 Ltd earned ₹249 Cr of net profit in the Mar 26 quarter, −5.0% year on year. Full-year FY26 profit was ₹657 Cr. The 10-year compound rate is 16.5%. That is 27.8% of the quarter's revenue. The same quarter a year earlier earned ₹262 Cr.
EIH Ltd earned ₹249 Cr of net profit in the Mar 26 quarter, −5.0% year on year. Full-year FY26 profit was ₹657 Cr. The 10-year compound rate is 16.5%. That is 27.8% of the quarter's revenue. The same quarter a year earlier earned ₹262 Cr.
Mar 26 profit was ₹249 Cr, −5.0% year on year. On the full year, FY26 printed ₹657 Cr (−14.7%), and the 10-year compound rate is 16.5%.
🚨 Why profit moved: revenue contributed +8.2% and the margin −5.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −21.9% vs revenue +6.9%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 120% 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 120% of EIH Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹993 Cr of operating cash against ₹657 Cr of profit. After ₹791 Cr of capital spending, ₹202 Cr was left as free cash.
FY26: operating cash of ₹993 Cr against reported profit of ₹657 Cr, leaving free cash of ₹202 Cr after ₹791 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 120% 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 120%: the cash cycle stretched 284 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 3.8× 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: ₹1,540 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 Ltd's cash conversion cycle runs −295 days in FY26, up from −579 days in FY21. Capital spending ran ₹1,540 Cr over the last 3 years. At FY26 sales of ₹2,940 Cr each day of that cycle holds about ₹8.1 Cr, so roughly ₹−2,376 Cr sits inside the business at any moment.
FY26: debtors at 32 days, inventory at 84 days — roughly 2.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −295 days, looser than FY21's −579.
The full loop: cash goes out to suppliers and production on day 0; stock waits 84 days to sell; customers pay about 32 days after that; and suppliers themselves are paid at 411 days — netting out to the −295-day cycle.
In money terms: at FY26 sales of ₹2,940 Cr, each day of the cycle holds about ₹8.1 Cr — so the −295-day loop keeps roughly ₹−2,376 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹1,540 Cr over the last 3 fiscal years against ₹408 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹219 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%.
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.
EIH Ltd earns a ROCE of 21% in FY26. That is up from a trough of −11% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 22.3% net margin on 0.45× asset turns.
FY26 ROCE is 21%, recovered from a FY21 trough of −11% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 22.3% net margin × 0.45× asset turns × 1.24× balance-sheet leverage ≈ 12.4% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 6.2% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.05.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
EIH Ltd carries ₹252 Cr of borrowings against ₹5,262 Cr of equity in FY26, a debt-to-equity of 0.05. Operating profit covers the interest bill 45×. Over 5 years borrowings went from ₹510 Cr to ₹252 Cr. Capital spending ran ₹1,540 Cr across the last 3 of those years.
FY26: borrowings of ₹252 Cr against equity of ₹5,262 Cr — a debt-to-equity of 0.05. Operating profit covers the interest bill 45×. Over 5 years borrowings went from ₹510 Cr to ₹252 Cr while capital spending ran ₹1,540 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 6.2% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Who owns this, and are they adding or leaving? Next: Foreign institutions added 1.3 points over 8 quarters.
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.
Foreign institutions added 1.3 points of EIH Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 6.7% of the company. Domestic institutions moved +0.1 points over the same window, to 13.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +1.3 points over 8 quarters to 6.7%; Domestic institutions: +0.1 points over 8 quarters to 13.8%; Promoters: +0.0 points over 8 quarters to 32.9%.
Why the register moved: foreign institutions drove it (+1.3 points) — steady accumulation by institutions reading the same numbers this page reads.
→ 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 Ltd: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
The safety line in one sentence: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| EIH Ltd this page | 28.6× | ₹20,412 Cr | Mixed | |||
| Indian Hotels Co Ltd | 53.3× | ₹1L Cr | Consistent | |||
| ITC Hotels Ltd | 36.2× | ₹33,311 Cr | No read | |||
| 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 | |||
| EIH Associated Hotels Ltd | 21.0× | ₹1,895 Cr | Topping out | |||
| 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 Ltd's share price today?
EIH Ltd trades at ₹339, −11.0% over the past year. The company is valued at ₹20,412 Cr. The stock sits at 43% of its 52-week range of ₹284–₹411, +0.9% versus its 200-day average. On the tape, the price is in a downtrend, 28 weeks in. — as of 24 July 2026.
What were EIH Ltd's latest quarterly results?
EIH Ltd reported revenue of ₹895 Cr and net profit of ₹249 Cr for the Mar 26 quarter. Revenue rose 8.2% and profit fell 5.0% year on year. Earnings per share were ₹3.80. The operating margin was 37.0%, 5.0 pp lower than a year earlier. — as of 24 July 2026.
What is EIH Ltd's revenue?
EIH Ltd reported revenue of ₹895 Cr in the Mar 26 quarter, +8.2% year on year. For the full FY26 fiscal year, revenue was ₹2,940 Cr (+7.2%). Over the last 10 years revenue compounded at 5.9% a year. — as of 24 July 2026.
What is EIH Ltd's profit?
EIH Ltd earned ₹249 Cr of net profit in the Mar 26 quarter, −5.0% year on year. Full-year FY26 profit was ₹657 Cr. The operating margin ran 37.0% in the latest quarter. — as of 24 July 2026.
What is EIH Ltd's market cap?
EIH Ltd's market capitalisation is ₹20,412 Cr at a share price of ₹339. 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 Ltd's P/E ratio?
EIH Ltd trades at a P/E of 28.6×, at the 10th percentile of its own 10-year range, against a long-run median of 46.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does EIH Ltd pay a dividend?
Yes — EIH Ltd's dividend payout was 15% 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 Ltd overvalued?
On its own history, EIH Ltd looks cheap against its own history: its P/E of 28.6× has been cheaper only 10% of the time in 10 years (long-run median 46.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is EIH Ltd growing?
Not right now — EIH Ltd's latest numbers are shrinking: latest-quarter revenue +8.2% year on year, profit −5.0%, and the margin −5.0 pp at 37.0%. The 10-year compound rates are 5.9% (revenue) and 16.5% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is EIH Ltd performing?
EIH Ltd is in a downtrend, 28 weeks in. Its latest quarter's revenue rose 8.2% and profit fell 5.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is EIH Ltd in?
Mixed — no clean majority across the growth curves, ROCE holding at 21.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +8.2% latest, profit growth −5.0% 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 Ltd in an uptrend?
No — the price is in a downtrend (week 28 of stage 4), trading +0.9% versus its 200-day average and at 43% 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 Ltd beating the market?
On recent form, yes — EIH Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks, 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 +223% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will EIH Ltd's share price go up?
This page publishes no price forecast for EIH Ltd. What it measures instead: the share price is ₹339, the price is in a downtrend 28 weeks in. Its P/E of 28.6× sits at the 10th percentile of its own 10-year range. Direction is not something this site claims to know. — as of 24 July 2026.
Who owns EIH Ltd?
Promoters hold 32.9% of EIH Ltd, foreign institutions 6.7%, domestic institutions 13.8% and the public 46.7% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 1.3 points over 8 quarters. — as of 24 July 2026.
Does EIH Ltd have too much debt?
No — EIH Ltd's debt-to-equity is 0.05, and operating profit covers the interest bill 45×. FY26 borrowings were ₹252 Cr against equity of ₹5,262 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is EIH Ltd's capex?
EIH Ltd spent ₹1,540 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 ₹791 Cr, with ₹219 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is EIH Ltd's cash flow?
EIH Ltd generated ₹993 Cr of operating cash flow in FY26 and ₹202 Cr of free cash flow after ₹791 Cr of capital spending. Reported profit that year was ₹657 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is EIH Ltd's profit real cash?
Yes — over the last 3 fiscal years, 120% of EIH Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹993 Cr against reported profit of ₹657 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is EIH Ltd in its business cycle?
EIH Ltd's FY26 operating margin was 35.0%, against a 13-year band of −72.0%–37.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 37.0%. 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 Ltd story?
The sharpest disagreement: the P/E sits at the 10th 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 Ltd a stock worth studying right now?
This is not investment advice. The machine read: EIH Ltd is cheap for a reason. The P/E sits at the 10th 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.