Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Royal Orchid Hotels Ltd

ROHLTD
Hotels

Royal Orchid Hotels Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: Foreign institutions moved +2.1 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.

The price is in a downtrend (29 weeks in) while the P/E sits at the 75th percentile of its own 8-year range. Underneath, the last four quarters read deteriorating — profit −37.6% year on year, and 127% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.

Stage
Mixed
partial read
Price
₹321
−25.0% 1Y
P/E
27.6×
75th pctile
of its own 8-year range
Revenue (Mar 26)
₹113 Cr
+30.5% YoY
Profit (Mar 26)
₹8.2 Cr
−37.6% YoY
Operating margin
22.6%
−0.4 pp YoY
ROCE
11%
FY26
ROIC
6.7%
vs WACC 12.0% → −5.3 pp
Cash conversion
127%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

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.

Royal Orchid Hotels Ltd trades at ₹321, in a downtrend and 29 weeks into that stage. That is −11.0% against its own 200-day average. It sits at 12% of a 52-week range of ₹291 to ₹543. 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 29 of stage 4, confirmed. At ₹321 it trades −11.0% versus its 200-day average and sits at 12% of its 52-week range (₹291–₹543).

Jul 26: ₹321 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−11.0% versus the 200-day line, week 29 of stage 4
Price50-day avg200-day avg
S2S4S2S4₹564₹488₹411₹335₹259₹321₹361Jul 23Apr 24Jan 25Oct 25Jul 26
S2S4S2S4₹564₹488₹411₹335₹259₹321₹361Jul 23Jan 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (544 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +347% while the NIFTY 500 moved +274% — ahead of 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 75th percentile of its own range.

02 · Valuation

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.

Royal Orchid Hotels Ltd trades at 27.6× P/E, at the pricey end of its own range (75th percentile). Its long-run median P/E is 22.3×, measured across 7.8 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 27.6× is at the pricey end of its own range (75th percentile), against a long-run median of 22.3× measured over 7.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 27.6× vs a 22.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 7.8-year window; loss-period spikes above 67× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (75th percentile)
P/EMedianEPS (TTM) (quarterly)
71.1×₹20.055.6×₹15.040.2×₹10.024.8×₹5.09.3×₹0.0×27.50×₹11Sep 18Jul 20Sep 23Mar 25Jul 26
71.1×₹20.055.6×₹15.040.2×₹10.024.8×₹5.09.3×₹0.0×27.50×₹11Sep 18Sep 23Jul 26
P/E
27.6×
75th percentile of 8y

Why the multiple sits where it does: over the past year annual EPS moved −31.9% against a −25.0% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 3y, of the +0.0%/yr price move, ~−12.9%/yr came from earnings growth and ~+12.9 pp from the multiple (expanding). 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 full 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.

03 · Stage: Mixed

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).

Royal Orchid Hotels Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 11.0% — the per-curve reads carry the story. The read is built from 10 quarters across 3 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
33%34%25%13%18%−9.3%10%−31%3.0%−53%%%30.5%−37.6%−31.8%Jun 23Sep 24Mar 26
33%34%25%13%18%−9.3%10%−31%3.0%−53%%%30.5%−37.6%−31.8%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
25%21%18%14%10.0%%11%FY23FY24FY26
25%21%18%14%10.0%%11%FY23FY24FY26
Revenue growth
Rising
latest +30.5% · span +5.0% to +30.0%
Profit growth
Recovering
latest −37.6% · span −42.8% to +28.4%
ROCE
Falling
latest 11.0% · span 11.0%–24.0%

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.

Growth, year by year: revenue +20.4% in FY26, profit −29.8% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
102%348%58%174%15%0.0%−29%−174%−73%−348%%%20.4%−29.8%FY16FY21FY26
102%348%58%174%15%0.0%−29%−174%−73%−348%%%20.4%−29.8%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+20.2%) with the last 8 annualized (+14.4%).
revenue accelerating, profit rolling over
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
21%18%17%4.3%13%−8.9%9.4%−22%5.4%−35%%%20.2%−29.8%Jun 23Sep 24Mar 26
21%18%17%4.3%13%−8.9%9.4%−22%5.4%−35%%%20.2%−29.8%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+20.4%+13.3%+36.5%+9.2%
Profit−29.8%−12.3%
EPS−31.9%−11.9%
Share price−25.0%+0.0%+29.7%+14.5%
Revenue YoY (Mar 26)
+30.5%
latest quarter vs a year ago
Profit YoY (Mar 26)
−37.6%
latest quarter vs a year ago
Revenue 10y
9.2%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

34.7/100 — rank 20 of 24 in Hotels · 77% evidence confidence

Royal Orchid Hotels Ltd scores 34.7 out of 100 against the 24 companies it is compared with in Hotels, ranking 20. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 13.8 + 8.3 + 8.1 + 4.5 = 34.7. 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.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Royal Orchid Hotels Ltd reported ₹113 Cr of revenue in the Mar 26 quarter, +30.5% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.2% a year. The last full year, FY26, came in at ₹384 Cr. The last four reported quarters add to ₹384 Cr.

Royal Orchid Hotels Ltd reported ₹113 Cr of revenue in the Mar 26 quarter, +30.5% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.2% a year. The last full year, FY26, came in at ₹384 Cr. The last four reported quarters add to ₹384 Cr.

FY26 revenue came in at ₹384 Cr (+20.4% on the year), capping 10 years at 9.2% compound. The latest quarter (Mar 26) printed ₹113 Cr, +30.5% year on year — the 10th consecutive quarter of year-over-year growth.

FY26 revenue ₹384 Cr (+20.4% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
9.2% a year over 10 years
RevenueYoY growth
415102%31158%20715%104−29%0−73%₹ Cr%₹38420.4%FY16FY21FY26
415102%31158%20715%104−29%0−73%₹ Cr%₹38420.4%FY16FY21FY26
Mar 26: ₹113 Cr (+30.5% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
10th straight quarter of growth
Revenue (quarterly)YoY growth
12233%9225%6118%3110%03.0%₹ Cr%₹11330.5%Jun 23Sep 24Mar 26
12233%9225%6118%3110%03.0%₹ Cr%₹11330.5%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +19.4% growth against the decade's 9.2% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +20.2% over the last 4 quarters against +14.4%/yr over the last 8 — accelerating; TTM profit −29.8% vs −19.0%/yr — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: 22.6% this quarter (−0.4 pp YoY).

06 · Operating margin

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.

Royal Orchid Hotels Ltd's operating margin is 22.6% in the Mar 26 quarter, −0.4 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −14.0% to 31.0%. The current quarter sits inside that band.

Royal Orchid Hotels Ltd's operating margin is 22.6% in the Mar 26 quarter, −0.4 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −14.0% to 31.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 22.6%, −0.4 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −14.0%–31.0%.

🚨 Why the margin moved: operating margin went −0.4 pp year on year while gross margin went +0.9 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 23.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −14.0–31.0% band over 13 years
operating marginYoY change (pp)
35%36%22%18%8.5%1.0%−4.6%−16%−18%−34%%%23%0%FY14FY20FY26
35%36%22%18%8.5%1.0%−4.6%−16%−18%−34%%%23%0%FY14FY20FY26
Mar 26: 22.6% operating margin (−0.4 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
31%2.8%27%0.2%23%−2.4%19%−5.0%15%−7.6%%%22.6%−0.4%Jun 23Sep 24Mar 26
31%2.8%27%0.2%23%−2.4%19%−5.0%15%−7.6%%%22.6%−0.4%Jun 23Sep 24Mar 26

→ Margins slipped — did that reach the bottom line? Next: profit −37.6% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Royal Orchid Hotels Ltd earned ₹8.2 Cr of net profit in the Mar 26 quarter, −37.6% year on year. Full-year FY26 profit was ₹33.0 Cr. That is 7.3% of the quarter's revenue. The same quarter a year earlier earned ₹13.2 Cr.

Royal Orchid Hotels Ltd earned ₹8.2 Cr of net profit in the Mar 26 quarter, −37.6% year on year. Full-year FY26 profit was ₹33.0 Cr. That is 7.3% of the quarter's revenue. The same quarter a year earlier earned ₹13.2 Cr.

Mar 26 profit was ₹8.2 Cr, −37.6% year on year. On the full year, FY26 printed ₹33.0 Cr (−29.8%).

FY26 profit ₹33.0 Cr (−29.8% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
58666%32246%6−175%−21−596%−47−1,016%₹ Cr%₹33−29.8%FY16FY21FY26
58666%32246%6−175%−21−596%−47−1,016%₹ Cr%₹33−29.8%FY16FY21FY26
Mar 26: ₹8.2 Cr (−37.6% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
2034%1513%10−9.3%5−31%0−53%₹ Cr%₹8−37.6%Jun 23Sep 24Mar 26
2034%1513%10−9.3%5−31%0−53%₹ Cr%₹8−37.6%Jun 23Sep 24Mar 26

🚨 Why profit moved: revenue contributed +30.5% and the margin −0.4 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit −24.7% vs revenue +19.4%. 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: 127% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

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 127% of Royal Orchid Hotels Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹82.0 Cr of operating cash against ₹33.0 Cr of profit. After ₹498 Cr of capital spending, ₹−416 Cr was left as free cash.

FY26: operating cash of ₹82.0 Cr against reported profit of ₹33.0 Cr, leaving free cash of ₹−416 Cr after ₹498 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 127% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹82.0 Cr vs profit ₹33.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution. FY26 reflects an acquisition year — point shown clipped.
127% of 3-year profit arrived as cash
Operating cashNet profitFree cash
925621−14−50₹ Cr₹82₹33₹−11FY16FY21FY26
925621−14−50₹ Cr₹82₹33₹−11FY16FY21FY26
FY26: CFO = 248% of profit (three-year rate 127%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
320%248%177%105%33%%248%FY16FY21FY26
320%248%177%105%33%%248%FY16FY21FY26

Why conversion sits at 127%: the cash cycle stretched 649 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 7.8× 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: ₹602 Cr of building over 3 years.

09 · Where the cash goes

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).

Royal Orchid Hotels Ltd's cash conversion cycle runs −357 days in FY26, up from −1,006 days in FY21. Capital spending ran ₹602 Cr over the last 3 years. At FY26 sales of ₹384 Cr each day of that cycle holds about ₹1.1 Cr, so roughly ₹−376 Cr sits inside the business at any moment.

FY26: debtors at 36 days, inventory at 32 days — roughly 1.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −357 days, looser than FY21's −1,006.

The full loop: cash goes out to suppliers and production on day 0; stock waits 32 days to sell; customers pay about 36 days after that; and suppliers themselves are paid at 425 days — netting out to the −357-day cycle.

In money terms: at FY26 sales of ₹384 Cr, each day of the cycle holds about ₹1.1 Cr — so the −357-day loop keeps roughly ₹−376 Cr sitting inside the business at any moment.

FY26: a −357-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+649 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
1,27165948−563−1,175days−357d32d36d425dFY14FY17FY20FY23FY26
1,27165948−563−1,175days−357d32d36d425dFY14FY20FY26

On the investment side: capital spending of ₹602 Cr over the last 3 fiscal years against ₹77.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹2.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹498 Cr, work-in-progress ₹2.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
54338021753−110₹ Cr₹498₹2FY16FY18FY21FY23FY26
54338021753−110₹ Cr₹498₹2FY16FY21FY26

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 11% and the ROIC − WACC spread is −5.3 pp.

10 · Return on capital

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

Royal Orchid Hotels Ltd earns a ROCE of 11% in FY26. That is up from a trough of −6% in FY21. Return on invested capital clears the cost of that capital by −5.3 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 8.6% net margin on 0.37× asset turns.

FY26 ROCE is 11%, recovered from a FY21 trough of −6% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 8.6% net margin × 0.37× asset turns × 4.04× balance-sheet leverage ≈ 12.9% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 6.7% − 12.0% = a −5.3 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. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 11% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's −6%
ROCEROIC (annual)WACC
26%18%9.0%0.0%−8.4%%11%9.3%FY14FY20FY26
26%18%9.0%0.0%−8.4%%11%9.3%FY14FY20FY26
Q4 FY26: ROCE 8.4% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
19%16%13%10%7.2%%8.4%9.8%Q1 FY24Q2 FY25Q4 FY26
19%16%13%10%7.2%%8.4%9.8%Q1 FY24Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 2.48.

11 · Debt

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

Royal Orchid Hotels Ltd carries total debt of ₹641 Cr against shareholder equity of ₹276 Cr as of Mar 26, a debt-to-equity of 2.32. On the annual view that ratio went from 1.01 in FY22 to 2.32 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹641 Cr against shareholder equity of ₹276 Cr — a debt-to-equity of 2.32. On the annual view, debt-to-equity went from 1.01 (FY22) to 2.32 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹641 Cr at 2.32× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
6922.4×5192.0×3461.6×1731.1×00.7×₹ Cr×₹6412.32×FY22FY24FY26
6922.4×5192.0×3461.6×1731.1×00.7×₹ Cr×₹6412.32×FY22FY24FY26
Mar 26: debt ₹641 Cr, debt-to-equity 2.32 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
7312.8×5482.2×3661.7×1831.2×00.7×₹ Cr×₹6412.32×Jun 23Sep 24Mar 26
7312.8×5482.2×3661.7×1831.2×00.7×₹ Cr×₹6412.32×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Foreign institutions added 2.1 points over 8 quarters.

12 · Ownership

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 2.1 points of Royal Orchid Hotels Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 8.6% of the company. Promoters moved +0.4 points over the same window, to 64.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: +2.1 points over 8 quarters to 8.6%; Promoters: +0.4 points over 8 quarters to 64.1%; Domestic institutions: +0.2 points over 8 quarters to 0.9%.

Why the register moved: foreign institutions drove it (+2.1 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters +0.5 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
69%51%32%14%−4.4%%64.1%8.5%0.9%26.5%Mar 24Mar 25Mar 26
69%51%32%14%−4.4%%64.1%8.5%0.9%26.5%Mar 24Mar 25Mar 26
Foreign institutions added 2.1 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
69%51%32%13%−5.1%%64.1%8.6%0.9%26.5%Jun 23Dec 24Jun 26
69%51%32%13%−5.1%%64.1%8.6%0.9%26.5%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · 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.

Royal Orchid Hotels Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Hotels Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Royal Orchid Hotels Ltd this page27.6×₹853 CrMixed
Indian Hotels Co Ltd53.3×₹1L CrConsistent
ITC Hotels Ltd36.2×₹33,311 CrNo read
EIH Ltd28.6×₹20,412 CrMixed
Chalet Hotels Ltd27.6×₹17,835 CrMixed
Travel Food Services Ltd38.4×₹16,938 CrNo read
Leela Palaces Hotels & Resorts Ltd38.8×₹15,853 CrNo read
Ventive Hospitality Ltd33.5×₹14,427 CrNo read
Lemon Tree Hotels Ltd34.9×₹8,664 CrMixed
Juniper Hotels Ltd24.8×₹4,296 CrNo read
Samhi Hotels Ltd9.6×₹3,946 CrNo read
Apeejay Surrendra Park Hotels Ltd39.1×₹2,611 CrMixed
Apeejay Surrendra Park Hotels Ltd29.8×₹2,528 CrMixed
Oriental Hotels Ltd35.9×₹2,408 CrImproving
TajGVK Hotels & Resorts Ltd14.6×₹2,257 CrNo read
EIH Associated Hotels Ltd21.0×₹1,895 CrTopping out
Asian Hotels (North) Ltd484.0×₹1,307 CrNo read
Benares Hotels Ltd28.1×₹1,236 CrMixed
Viceroy Hotels Ltd48.7×₹892 CrNo read
U P Hotels Ltd25.8×₹777 CrTurning around
Advent Hotels International Ltd15.8×₹768 CrNo read
Asian Hotels (West) Ltd8.2×₹670 CrNo read
Sayaji Hotels Ltd₹525 CrNo read
Kamat Hotels (India) Ltd11.7×₹499 CrMixed
HLV Ltd2.8×₹473 CrNo read
12 · Frequently asked questions

Frequently asked questions

What is Royal Orchid Hotels Ltd's share price today?

Royal Orchid Hotels Ltd trades at ₹321, −25.0% over the past year. The company is valued at ₹853 Cr. The stock sits at 12% of its 52-week range of ₹291–₹543, −11.0% versus its 200-day average. On the tape, the price is in a downtrend, 29 weeks in. — as of 24 July 2026.

What were Royal Orchid Hotels Ltd's latest quarterly results?

Royal Orchid Hotels Ltd reported revenue of ₹113 Cr and net profit of ₹8.2 Cr for the Mar 26 quarter. Revenue rose 30.5% and profit fell 37.6% year on year. Earnings per share were ₹2.90. The operating margin was 22.6%, 0.4 pp lower than a year earlier. — as of 24 July 2026.

What is Royal Orchid Hotels Ltd's revenue?

Royal Orchid Hotels Ltd reported revenue of ₹113 Cr in the Mar 26 quarter, +30.5% year on year. For the full FY26 fiscal year, revenue was ₹384 Cr (+20.4%). Over the last 10 years revenue compounded at 9.2% a year. — as of 24 July 2026.

What is Royal Orchid Hotels Ltd's profit?

Royal Orchid Hotels Ltd earned ₹8.2 Cr of net profit in the Mar 26 quarter, −37.6% year on year. Full-year FY26 profit was ₹33.0 Cr. The operating margin ran 22.6% in the latest quarter. — as of 24 July 2026.

What is Royal Orchid Hotels Ltd's market cap?

Royal Orchid Hotels Ltd's market capitalisation is ₹853 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 Royal Orchid Hotels Ltd's P/E ratio?

Royal Orchid Hotels Ltd trades at a P/E of 27.6×, at the 75th percentile of its own 8-year range, against a long-run median of 22.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Royal Orchid Hotels Ltd pay a dividend?

Yes — Royal Orchid Hotels Ltd's dividend payout was 21% of profit in FY26, and it recorded a payout in 6 of its last 13 reported fiscal years. 2 of those years show a negative ratio because profit itself was negative. — as of 24 July 2026.

Is Royal Orchid Hotels Ltd overvalued?

On its own history, Royal Orchid Hotels Ltd looks expensive against its own history: its P/E of 27.6× sits at the 75th percentile of its 8-year range (long-run median 22.3×). 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 Royal Orchid Hotels Ltd growing?

Not right now — Royal Orchid Hotels Ltd's latest numbers are shrinking: latest-quarter revenue +30.5% year on year, profit −37.6%, and the margin −0.4 pp at 22.6%. The earnings engine currently reads: deteriorating — as of 24 July 2026.

How is Royal Orchid Hotels Ltd performing?

Royal Orchid Hotels Ltd is in a downtrend, 29 weeks in. Its latest quarter's revenue rose 30.5% and profit fell 37.6% 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 Royal Orchid Hotels Ltd in?

Mixed — no clean majority across the growth curves, ROCE slipping at 11.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +30.5% latest, profit growth −37.6% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Royal Orchid Hotels Ltd in an uptrend?

No — the price is in a downtrend (week 29 of stage 4), trading −11.0% versus its 200-day average and at 12% 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 Royal Orchid Hotels Ltd beating the market?

Not lately — on a trailing-13-week view Royal Orchid 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 +347% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.

Will Royal Orchid Hotels Ltd's share price go up?

This page publishes no price forecast for Royal Orchid Hotels Ltd. What it measures instead: the share price is ₹321, the price is in a downtrend 29 weeks in. Its P/E of 27.6× sits at the 75th percentile of its own 8-year range. — as of 24 July 2026.

Who owns Royal Orchid Hotels Ltd?

Promoters hold 64.1% of Royal Orchid Hotels Ltd, foreign institutions 8.6%, domestic institutions 0.9% and the public 26.5% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 2.1 points over 8 quarters. — as of 24 July 2026.

Does Royal Orchid Hotels Ltd have too much debt?

It carries real leverage — Royal Orchid Hotels Ltd's debt-to-equity is 2.48, and operating profit covers the interest bill 2×. FY26 borrowings were ₹641 Cr against equity of ₹258 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is Royal Orchid Hotels Ltd's capex?

Royal Orchid Hotels Ltd spent ₹602 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 ₹498 Cr, with ₹2.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Royal Orchid Hotels Ltd's cash flow?

Royal Orchid Hotels Ltd generated ₹82.0 Cr of operating cash flow in FY26 and ₹−416 Cr of free cash flow after ₹498 Cr of capital spending. Reported profit that year was ₹33.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Royal Orchid Hotels Ltd's profit real cash?

Yes — over the last 3 fiscal years, 127% of Royal Orchid Hotels Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹82.0 Cr against reported profit of ₹33.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is Royal Orchid Hotels Ltd in its business cycle?

Royal Orchid Hotels Ltd's FY26 operating margin was 23.0%, against a 13-year band of −14.0%–31.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 22.6%. 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 Royal Orchid Hotels Ltd story?

The sharpest disagreement: Foreign institutions moved +2.1 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. 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 Royal Orchid Hotels Ltd a stock worth studying right now?

This is not investment advice. The machine read: Royal Orchid Hotels Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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