Sector Alpha Week of 2026-09-17
Not SEBI Registered !! Not Investment advice !!
20-quarter listed-company comparison

Hotels Stocks in India

Hotels: Indian Hotels Co Ltd owns the largest revenue base; Royal Orchid Hotels Ltd has the fastest current growth.

The 24 Hotels companies listed in India are Indian Hotels Co Ltd (₹1.0 L Cr, the largest), ITC Hotels Ltd, Chalet Hotels Ltd and 21 more. 10 of 23 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

Top 10 Hotels Stocks in India (Sep 2026) — ranked by 4-Factor score

  1. 1Chalet Hotels Ltd₹19.2K Cr71.3/100Favorable setup · strongest on PEG and ROCE improvement
  2. 2Asian Hotels (West) Ltd₹588 Cr66.2/100Favorable setup · strongest on ROCE improvement and profit growth
  3. 3Oriental Hotels Ltd₹2.5K Cr62.7/100Mixed-positive evidence · strongest on PEG and relative strength versus sector
  4. 4Indian Hotels Co Ltd₹1.0 L Cr61.3/100Mixed-positive evidence · strongest on relative strength versus sector and ROCE
  5. 5Leela Palaces Hotels & Resorts Ltd₹18.1K Cr59.9/100Mixed-positive evidence · strongest on relative strength versus sector and profit growth
  6. 6Travel Food Services Ltd₹16.5K Cr58.1/100Mixed-positive evidence · strongest on ROCE and profitable quarters
  7. 7TajGVK Hotels & Resorts Ltd₹2.1K Cr56.4/100Mixed-positive evidence · strongest on profit growth and PEG
  8. 8Benares Hotels Ltd₹1.4K Cr52.8/100Mixed-positive evidence · strongest on ROCE and relative strength versus sector
  9. 9Juniper Hotels Ltd₹4.9K Cr52.4/100Mixed-positive evidence · strongest on profit growth and ROCE improvement
  10. 10Lemon Tree Hotels Ltd₹8.3K Cr51.0/100Mixed-positive evidence · strongest on operating margin and profitable quarters

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Hotels Index — Constituents & Performance

The largest 15 of 24 listed Indian Hotels companies are named here; all 24 are ranked in the scorecard — the constituent set people search for as the Nifty Hotels index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

  1. Indian Hotels Co Ltd₹1.0 L Cr
  2. ITC Hotels Ltd₹32.0K Cr
  3. Chalet Hotels Ltd₹19.2K Cr
  4. Leela Palaces Hotels & Resorts Ltd₹18.1K Cr
  5. EIH Ltd₹17.9K Cr
  6. Travel Food Services Ltd₹16.5K Cr
  7. Ventive Hospitality Ltd₹13.4K Cr
  8. Lemon Tree Hotels Ltd₹8.3K Cr
  9. Juniper Hotels Ltd₹4.9K Cr
  10. Samhi Hotels Ltd₹3.5K Cr
  11. Oriental Hotels Ltd₹2.5K Cr
  12. Apeejay Surrendra Park Hotels Ltd₹2.4K Cr
  13. TajGVK Hotels & Resorts Ltd₹2.1K Cr
  14. EIH Associated Hotels Ltd₹1.8K Cr
  15. Asian Hotels (North) Ltd₹1.6K Cr

The remaining 9 Hotels companies are named and ranked in the scorecard.

02 · the sector itself · before any single company

How has Hotels moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 10% ahead of NIFTY 500. Earnings across its companies grew 8% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 5 weeks running.

BREAKING OUT · ahead 5w~Moving with the index9 of the 22 companies with a long enough price record ahead of NIFTY 500 by 5% or more over three months5 are 20% or more behind over a year while earnings grew 20% or more

RS ↑5w · 11/22 >200d (+3) · 9/22 lead (+1) · EPS 13/22↑

20050020262025202420232022 805303 TRAILING 12-MONTH EPS · 100 AT THE START0100145Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 74.9% on a year ago · 11 reportingDec 2023 · trailing 12-month earnings per share at 110, against 100 at the start · up 51.4% on a year ago · 11 reportingMar 2024 · trailing 12-month earnings per share at 124, against 100 at the start · down 0.7% on a year ago · 11 reportingJun 2024 · trailing 12-month earnings per share at 111, against 100 at the start · up 1.1% on a year ago · 12 reportingSep 2024 · trailing 12-month earnings per share at 120, against 100 at the start · up 16.4% on a year ago · 13 reportingDec 2024 · trailing 12-month earnings per share at 127, against 100 at the start · up 13.9% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 134, against 100 at the start · up 9.1% on a year ago · 14 reportingJun 2025 · trailing 12-month earnings per share at 145, against 100 at the start · up 22.8% on a year ago · 16 reportingSep 2025 · trailing 12-month earnings per share at 144, against 100 at the start · up 15.6% on a year ago · 16 reportingDec 2025 · trailing 12-month earnings per share at 139, against 100 at the start · up 10.8% on a year ago · 16 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 0.0% on a year ago · 16 reportingJun 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 6.9% on a year ago · 16 reportingNot reported yet — earnings trail price by a quarter or two136No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 805303 TRAILING 12-MONTH EPS · 100 AT THE START0100145Jun 24Jun 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 74.9% on a year ago · 11 reportingDec 2023 · trailing 12-month earnings per share at 110, against 100 at the start · up 51.4% on a year ago · 11 reportingMar 2024 · trailing 12-month earnings per share at 124, against 100 at the start · down 0.7% on a year ago · 11 reportingJun 2024 · trailing 12-month earnings per share at 111, against 100 at the start · up 1.1% on a year ago · 12 reportingSep 2024 · trailing 12-month earnings per share at 120, against 100 at the start · up 16.4% on a year ago · 13 reportingDec 2024 · trailing 12-month earnings per share at 127, against 100 at the start · up 13.9% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 134, against 100 at the start · up 9.1% on a year ago · 14 reportingJun 2025 · trailing 12-month earnings per share at 145, against 100 at the start · up 22.8% on a year ago · 16 reportingSep 2025 · trailing 12-month earnings per share at 144, against 100 at the start · up 15.6% on a year ago · 16 reportingDec 2025 · trailing 12-month earnings per share at 139, against 100 at the start · up 10.8% on a year ago · 16 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 0.0% on a year ago · 16 reportingJun 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 6.9% on a year ago · 16 reportingNot reported yet — earnings trail price by a quarter or two136No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Hotels, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of 22 of its 24 companies — the 2 with too short a price record are ranked in the scorecard but cannot sit in this line. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Hotels outperforming NIFTY 500?

Hotels has underperformed NIFTY 500 by 12.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 7%. 10 of 23 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Oriental Hotels Ltd is the strongest against the sector itself at +24.4%. Readings are as of 2026-08-22.

+7.0%Sector vs NIFTY 500 · 13 weeks
-12.2%Sector vs NIFTY 500 · 52 weeks
10/23Stocks leading NIFTY 500
8/23Stocks leading sector

Sector metric: 21.0 as of 2026-08-22 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Hotels has underperformed NIFTY 500 by 12.2% over 52 weeks and 7% over 13 weeks. 10 of 23 covered companies beat NIFTY on Mansfield relative strength, while 8 of 23 beat the sector itself. Indian Hotels Co Ltd leads with revenue of ₹9,987 crore, based on 24 of 24 comparable companies through Jun 2026.

Companies
24
complete canonical membership
Combined market value
₹2.5 L Cr
Indian Hotels Co Ltd
Revenue growing
21/24
positive TTM year-on-year growth
Beating NIFTY 500
10/23
positive Mansfield relative strength
Comparing 5 of 24
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Chalet Hotels Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 94% evidence confidence.
EIH Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Oriental Hotels Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Chalet Hotels LtdCHALET 71.3/100Favorable setup94% evidence BREAKING OUT 25.4/35 Revenue 6% · PAT 85.3% · OPM change 6 pp 100% evidence 15.9/25 ROCE 17% · OPM 46% 100% evidence 16.1/20 P/E 35.9× · PEG 0.83 100% evidence 13.9/20 RS sector 3.6% · RS bench 4.9% · 1Y -14.1%4 of 10 weeks ahead 70% evidence
Exact sum: 25.4 + 15.9 + 16.1 + 13.9 = 71.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Asian Hotels (West) LtdAHLWEST 66.2/100Favorable setup74% evidence ASLEEP 26.6/35 Revenue 8.5% · PAT 100% · OPM change 2 pp 95% evidence 19.9/25 ROCE 19.7% · OPM 40% 95% evidence 11.4/20 P/E 6.5× · PEG — 15% evidence 8.3/20 RS sector -25% · RS bench 35.5% · 1Y —5 of 10 weeks ahead 70% evidence
Exact sum: 26.6 + 19.9 + 11.4 + 8.3 = 66.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Oriental Hotels LtdORIENTHOT 62.7/100Mixed-positive evidence93% evidence LEADER 17.4/35 Revenue 6.9% · PAT 41.1% · OPM change -2.8 pp 100% evidence 11.4/25 ROCE 12.1% · OPM 21% 100% evidence 14.0/20 P/E 37.6× · PEG 0.66 65% evidence 19.9/20 RS sector 24.4% · RS bench 25.2% · 1Y 0.8%12 of 12 weeks ahead 100% evidence
Exact sum: 17.4 + 11.4 + 14 + 19.9 = 62.7 · Decision use: Price leads the evidence: RS versus the benchmark is 25.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Indian Hotels Co LtdINDHOTEL 61.3/100Mixed-positive evidence82% evidence BREAKING OUT 20.2/35 Revenue 13.2% · PAT 9.5% · OPM change 1 pp 95% evidence 17.1/25 ROCE 17.1% · OPM 29% 76% evidence 10.1/20 P/E 52.6× · PEG — 50% evidence 13.9/20 RS sector 3.7% · RS bench 4.7% · 1Y -7.3%10 of 12 weeks ahead 100% evidence
Exact sum: 20.2 + 17.1 + 10.1 + 13.9 = 61.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Leela Palaces Hotels & Resorts LtdTHELEELA 59.9/100Mixed-positive evidence93% evidence LEADER 24.6/35 Revenue 19.1% · PAT 100% · OPM change -1 pp 100% evidence 9.3/25 ROCE 8.7% · OPM 36% 100% evidence 7.6/20 P/E 40.4× · PEG 1.65 65% evidence 18.4/20 RS sector 21.4% · RS bench 22.8% · 1Y 32%12 of 12 weeks ahead 100% evidence
Exact sum: 24.6 + 9.3 + 7.6 + 18.4 = 59.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Travel Food Services LtdTRAVELFOOD 58.1/100Mixed-positive evidence69% evidence FADING 16.2/35 Revenue 4.4% · PAT 17.4% · OPM change -3 pp 95% evidence 21.2/25 ROCE 42.4% · OPM 36% 76% evidence 9.5/20 P/E 34.7× · PEG — 15% evidence 11.2/20 RS sector -0.2% · RS bench 0.8% · 1Y -4.2%3 of 12 weeks ahead 70% evidence
Exact sum: 16.2 + 21.2 + 9.5 + 11.2 = 58.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7TajGVK Hotels & Resorts LtdTAJGVK 56.4/100Mixed-positive evidence87% evidence FADING 21.3/35 Revenue 22.5% · PAT 100% · OPM change 0 pp 100% evidence 12.9/25 ROCE 13.3% · OPM 30% 100% evidence 14.3/20 P/E 14.6× · PEG 0.85 65% evidence 7.9/20 RS sector -3.6% · RS bench -6.5% · 1Y -24.2%6 of 11 weeks ahead 70% evidence
Exact sum: 21.3 + 12.9 + 14.3 + 7.9 = 56.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Benares Hotels LtdBENARAS 52.8/100Mixed-positive evidence76% evidence 9.1/35 Revenue 7.7% · PAT -1.1% · OPM change -3.3 pp 95% evidence 21.0/25 ROCE 29.8% · OPM 36.9% 76% evidence 6.8/20 P/E 32.7× · PEG — 50% evidence 15.9/20 RS sector 12.1% · RS bench 14.3% · 1Y 18.8%4 of 12 weeks ahead 70% evidence
Exact sum: 9.1 + 21 + 6.8 + 15.9 = 52.8 · Decision use: Price leads the evidence: RS versus the benchmark is 14.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9Juniper Hotels LtdJUNIPER 52.4/100Mixed-positive evidence93% evidence TURNING 23.3/35 Revenue 11.4% · PAT 100% · OPM change -1 pp 100% evidence 6.4/25 ROCE 8% · OPM 35% 100% evidence 10.3/20 P/E 26.5× · PEG 1.48 65% evidence 12.4/20 RS sector -1.7% · RS bench -1.2% · 1Y -23.8%2 of 12 weeks ahead 100% evidence
Exact sum: 23.3 + 6.4 + 10.3 + 12.4 = 52.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Lemon Tree Hotels LtdLEMONTREE 51.0/100Mixed-positive evidence69% evidence BASING 18.9/35 Revenue 10.4% · PAT 9.6% · OPM change -1 pp 95% evidence 16.4/25 ROCE 14.1% · OPM 43% 76% evidence 9.9/20 P/E 32.4× · PEG — 15% evidence 5.8/20 RS sector -8.5% · RS bench -18.2% · 1Y -40.2%0 of 10 weeks ahead 70% evidence
Exact sum: 18.9 + 16.4 + 9.9 + 5.8 = 51 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11ITC Hotels LtdITCHOTELS 50.8/100Mixed-positive evidence93% evidence BREAKING OUT 23.4/35 Revenue 16.1% · PAT 26.9% · OPM change 1 pp 100% evidence 10.7/25 ROCE 11.2% · OPM 31% 100% evidence 11.2/20 P/E 34.7× · PEG 1.15 65% evidence 5.5/20 RS sector -13.7% · RS bench -13.3% · 1Y -37%3 of 12 weeks ahead 100% evidence
Exact sum: 23.4 + 10.7 + 11.2 + 5.5 = 50.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -13.7% and the one-year return is -37%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
12Kamat Hotels (India) LtdKAMATHOTEL 48.5/100Mixed-negative evidence81% evidence BREAKING OUT 13.4/35 Revenue 7.6% · PAT -11.5% · OPM change 5.3 pp 95% evidence 16.9/25 ROCE 15.8% · OPM 27.2% 95% evidence 10.6/20 P/E 15.8× · PEG — 50% evidence 7.6/20 RS sector -20.6% · RS bench 7.5% · 1Y -29.3%7 of 11 weeks ahead 70% evidence
Exact sum: 13.4 + 16.9 + 10.6 + 7.6 = 48.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Advent Hotels International LtdADVENTHTL 46.3/100Mixed-negative evidence60% evidence TURNING 16.7/35 Revenue 3.5% · PAT -29.3% · OPM change 6.1 pp 95% evidence 8.5/25 ROCE 6.8% · OPM 32.6% 95% evidence 11.1/20 P/E 14.3× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence
Exact sum: 16.7 + 8.5 + 11.1 + 10 = 46.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14EIH LtdEIHOTEL 46.2/100Mixed-negative evidence82% evidence BASING 12.1/35 Revenue 8.3% · PAT 4.2% · OPM change -3 pp 95% evidence 18.3/25 ROCE 20.7% · OPM 25% 76% evidence 13.3/20 P/E 24.7× · PEG — 50% evidence 2.5/20 RS sector -14.2% · RS bench -13.6% · 1Y -30.3%1 of 12 weeks ahead 100% evidence
Exact sum: 12.1 + 18.3 + 13.3 + 2.5 = 46.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15U P Hotels LtdUPHOT 46.1/100Mixed-negative evidence76% evidence 7.1/35 Revenue 1.4% · PAT -6% · OPM change -6.5 pp 95% evidence 16.5/25 ROCE 21.7% · OPM 11.2% 76% evidence 10.9/20 P/E 25.6× · PEG — 50% evidence 11.6/20 RS sector 1.2% · RS bench -0.1% · 1Y -14.1%0 of 12 weeks ahead 70% evidence
Exact sum: 7.1 + 16.5 + 10.9 + 11.6 = 46.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Ventive Hospitality LtdVENTIVE 45.5/100Mixed-negative evidence75% evidence BASING 20.9/35 Revenue 25% · PAT 100% · OPM change -6 pp 95% evidence 12.3/25 ROCE 10.8% · OPM 35% 76% evidence 10.1/20 P/E 27.7× · PEG — 15% evidence 2.2/20 RS sector -14% · RS bench -13.3% · 1Y -20.7%1 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 12.3 + 10.1 + 2.2 = 45.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Asian Hotels (North) LtdASIANHOTNR 42.9/100Thin evidence · provisional56% evidence TURNING 14.0/35 Revenue 24.7% · PAT -80% · OPM change -3.6 pp 44% evidence 4.5/25 ROCE 3.5% · OPM 17.5% 95% evidence 8.5/20 P/E 120× · PEG — 15% evidence 15.9/20 RS sector 8.5% · RS bench 23.3% · 1Y 15%2 of 10 weeks ahead 70% evidence
Exact sum: 14 + 4.5 + 8.5 + 15.9 = 42.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18Samhi Hotels LtdSAMHI 42.7/100Mixed-negative evidence83% evidence ASLEEP 19.2/35 Revenue 11.9% · PAT 100% · OPM change -1 pp 100% evidence 6.5/25 ROCE 8.9% · OPM 32% 100% evidence 11.2/20 P/E 8.3× · PEG — 15% evidence 5.8/20 RS sector -8.1% · RS bench -7.5% · 1Y -27.6%7 of 12 weeks ahead 100% evidence
Exact sum: 19.2 + 6.5 + 11.2 + 5.8 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Sayaji Hotels LtdSAYAJIHOTL 42.2/100Mixed-negative evidence63% evidence BREAKING OUT 12.7/35 Revenue -8.6% · PAT 79.7% · OPM change 3.3 pp 71% evidence 4.3/25 ROCE -0.5% · OPM 13.3% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 15.2/20 RS sector 8.5% · RS bench 11.3% · 1Y 8%8 of 11 weeks ahead 70% evidence
Exact sum: 12.7 + 4.3 + 10 + 15.2 = 42.2 · Decision use: Price leads the evidence: RS versus the benchmark is 11.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
20Viceroy Hotels LtdVHLTD 40.0/100Mixed-negative evidence79% evidence ASLEEP 20.7/35 Revenue 24.4% · PAT -69.2% · OPM change 10.8 pp 71% evidence 8.0/25 ROCE 7.1% · OPM 25.6% 95% evidence 7.8/20 P/E 40.1× · PEG — 50% evidence 3.5/20 RS sector -10.1% · RS bench -4% · 1Y 2.6%0 of 12 weeks ahead 100% evidence
Exact sum: 20.7 + 8 + 7.8 + 3.5 = 40 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21EIH Associated Hotels LtdEIHAHOTELS 38.5/100Mixed-negative evidence87% evidence BASING 7.2/35 Revenue -7.6% · PAT -7% · OPM change -2.2 pp 95% evidence 14.6/25 ROCE 21.2% · OPM 10.8% 95% evidence 13.4/20 P/E 19.5× · PEG — 50% evidence 3.3/20 RS sector -13.4% · RS bench -12.7% · 1Y -29.7%1 of 12 weeks ahead 100% evidence
Exact sum: 7.2 + 14.6 + 13.4 + 3.3 = 38.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
22Royal Orchid Hotels LtdROHLTD 37.7/100Mixed-negative evidence81% evidence BASING 12.5/35 Revenue 26.9% · PAT -42.1% · OPM change -1.2 pp 95% evidence 11.9/25 ROCE 10.8% · OPM 23.7% 95% evidence 7.9/20 P/E 31.5× · PEG — 50% evidence 5.4/20 RS sector -9.8% · RS bench -16.4% · 1Y -43.6%0 of 10 weeks ahead 70% evidence
Exact sum: 12.5 + 11.9 + 7.9 + 5.4 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Apeejay Surrendra Park Hotels LtdPARKHOTELS 32.1/100Adverse evidence87% evidence BASING 12.3/35 Revenue 10.5% · PAT -36.4% · OPM change -1 pp 100% evidence 9.2/25 ROCE 9.4% · OPM 28% 100% evidence 4.2/20 P/E 36.7× · PEG 3.5 65% evidence 6.4/20 RS sector -9.8% · RS bench -11.5% · 1Y -28.1%1 of 10 weeks ahead 70% evidence
Exact sum: 12.3 + 9.2 + 4.2 + 6.4 = 32.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24HLV LtdHLVLTD 41.2/100Thin evidence · provisional38% evidence 17.9/35 Revenue -26.1% · PAT 100% · OPM change — 16% evidence 8.8/25 ROCE 7.8% · OPM -39% 60% evidence 11.5/20 P/E 2.8× · PEG — 15% evidence 3.0/20 RS sector -29.5% · RS bench -24.8% · 1Y -39.4%1 of 2 weeks ahead to 2026-07-19 70% evidence
Exact sum: 17.9 + 8.8 + 11.5 + 3 = 41.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 24 companies
05 · what price has already done

Market action

Leela Palaces Hotels & Resorts Ltd has the strongest one-year price move in Hotels at +32%. Asian Hotels (West) Ltd leads on Mansfield relative strength against NIFTY at +35.5%. 10 of 23 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Hotels — the story behind the numbers

This is the written read behind the Hotels figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 22 Aug 2026. It also states what would change this read.

How old this read is: This read comes from our fortnightly sector read dated 22 Aug 2026, so the words here and the numbers above them cover the same few weeks.

What would change this read

If the September and December 2026 quarters both hold aggregate operating margin at or above the same quarter a year earlier — reversing the 32.4% to 31.78% slip — while sales growth re-accelerates above 10% year on year from the current 5.2%, then the record margin is a structural step from the…

Sources: our fortnightly Hotels read, 22 Aug 2026.

07 · compare level, then change

Revenue Scale & Growth Durability

Indian Hotels Co Ltd has the highest Revenue among the 24 Hotels companies compared here, at ₹9,987 crore. ITC Hotels Ltd is next at ₹4,260 crore. Royal Orchid Hotels Ltd has the highest Revenue growth at 26.9%, so level and change sit with different companies. 24 of 24 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Indian Hotels Co Ltd is the scale leader at ₹9,987 crore, 134.4% ahead of ITC Hotels Ltd. Royal Orchid Hotels Ltd's growth is 26.9% from a ₹413 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderIndian Hotels Co Ltd · ₹9,987 crore
Gap134.4% versus #2 · ITC Hotels Ltd
Persistence8/8 recent comparable periods
Coverage24/24 companies · 332 observations

Investor read: Indian Hotels Co Ltd is the scale benchmark; Royal Orchid Hotels Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Indian Hotels Co Ltd's growth falls below Royal Orchid Hotels Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Indian Hotels Co Ltd INDHOTEL₹10.0K Cr
2ITC Hotels Ltd ITCHOTELS₹4.3K Cr
3EIH Ltd EIHOTEL₹3.0K Cr
4Ventive Hospitality Ltd VENTIVE₹2.5K Cr
5Chalet Hotels Ltd CHALET₹2.4K Cr
Revenue growthfastest growers
1Royal Orchid Hotels Ltd ROHLTD⚠ unverified27%
2Ventive Hospitality Ltd VENTIVE25%
3Asian Hotels (North) Ltd ASIANHOTNR⚠ unverified25%
4Viceroy Hotels Ltd VHLTD⚠ unverified24%
5TajGVK Hotels & Resorts Ltd TAJGVK23%
Revenue · company comparison
24/24 level · 24/24 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Indian Hotels Co Ltd INDHOTEL₹2.3K Cr15%Jun 2026
ITC Hotels Ltd ITCHOTELS₹936 Cr15%Jun 2026
EIH Ltd EIHOTEL₹657 Cr14%Jun 2026
Ventive Hospitality Ltd VENTIVE₹543 Cr7.1%Jun 2026
Chalet Hotels Ltd CHALET₹512 Cr-43%Jun 2026
Travel Food Services Ltd TRAVELFOOD₹452 Cr21%Jun 2026
Leela Palaces Hotels & Resorts Ltd THELEELA₹352 Cr28%Jun 2026
Lemon Tree Hotels Ltd LEMONTREE₹345 Cr9.2%Jun 2026
Samhi Hotels Ltd SAMHI₹305 Cr12%Jun 2026
Juniper Hotels Ltd JUNIPER₹250 Cr13%Jun 2026
Apeejay Surrendra Park Hotels Ltd PARKHOTELS₹167 Cr8.4%Jun 2026
TajGVK Hotels & Resorts Ltd TAJGVK₹165 Cr56%Jun 2026
Oriental Hotels Ltd ORIENTHOT₹111 Cr3.6%Jun 2026
Royal Orchid Hotels Ltd ROHLTD⚠ unverified₹107 Cr36%Jun 2026
Asian Hotels (West) Ltd AHLWEST⚠ unverified₹98 Cr10%Jun 2026
Kamat Hotels (India) Ltd KAMATHOTEL₹91 Cr9.6%Jun 2026
Advent Hotels International Ltd ADVENTHTL⚠ unverified₹81 Cr0.1%Jun 2026
Asian Hotels (North) Ltd ASIANHOTNR⚠ unverified₹78 Cr10%Jun 2026
EIH Associated Hotels Ltd EIHAHOTELS⚠ unverified₹66 Cr-4.0%Jun 2026
Viceroy Hotels Ltd VHLTD⚠ unverified₹45 Cr77%Jun 2026
Benares Hotels Ltd BENARAS₹34 Cr36%Jun 2026
U P Hotels Ltd UPHOT₹30 Cr3.7%Jun 2026
Sayaji Hotels Ltd SAYAJIHOTL₹20 Cr-44%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 23 companies with a series here. The remaining 11 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
₹113 Cr
₹113 Cr
₹140 Cr
₹144 Cr
₹131 Cr
₹135 Cr
₹159 Cr
₹152 Cr
₹135 Cr
₹142 Cr
₹177 Cr
₹177 Cr
₹154 Cr
₹167 Cr
₹200 Cr
₹184 Cr
₹167 Cr

Chalet Hotels Ltd · CHALET

₹133 Cr
₹164 Cr
₹154 Cr
₹253 Cr
₹219 Cr
₹290 Cr
₹338 Cr
₹311 Cr
₹315 Cr
₹374 Cr
₹418 Cr
₹361 Cr
₹377 Cr
₹458 Cr
₹522 Cr
₹895 Cr
₹735 Cr
₹582 Cr
₹558 Cr
₹512 Cr

EIH Ltd · EIHOTEL

—
—
—
—
—
₹586 Cr
₹637 Cr
₹498 Cr
₹531 Cr
₹741 Cr
₹741 Cr
₹527 Cr
₹589 Cr
₹800 Cr
₹827 Cr
₹574 Cr
₹598 Cr
₹873 Cr
₹895 Cr
₹657 Cr

Indian Hotels Co Ltd · INDHOTEL

—
—
—
—
—
₹1.7K Cr
₹1.6K Cr
₹1.5K Cr
₹1.4K Cr
₹2.0K Cr
₹1.9K Cr
₹1.6K Cr
₹1.8K Cr
₹2.5K Cr
₹2.4K Cr
₹2.0K Cr
₹2.0K Cr
₹2.8K Cr
₹2.8K Cr
₹2.3K Cr

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
—
—
₹3.3K Cr
₹706 Cr
₹778 Cr
₹1.0K Cr
₹1.1K Cr
₹816 Cr
₹839 Cr
₹1.2K Cr
₹1.3K Cr
₹936 Cr

Juniper Hotels Ltd · JUNIPER

—
—
—
₹147 Cr
₹147 Cr
₹179 Cr
₹194 Cr
₹168 Cr
₹168 Cr
₹236 Cr
₹245 Cr
₹200 Cr
₹215 Cr
₹252 Cr
₹278 Cr
₹221 Cr
₹230 Cr
₹295 Cr
₹301 Cr
₹250 Cr

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
₹228 Cr
₹277 Cr
₹370 Cr
₹425 Cr
₹275 Cr
₹311 Cr
₹457 Cr
₹484 Cr
₹352 Cr

Lemon Tree Hotels Ltd · LEMONTREE

—
—
—
—
—
₹234 Cr
₹253 Cr
₹224 Cr
₹227 Cr
₹290 Cr
₹327 Cr
₹268 Cr
₹284 Cr
₹355 Cr
₹379 Cr
₹316 Cr
₹306 Cr
₹406 Cr
₹416 Cr
₹345 Cr

Oriental Hotels Ltd · ORIENTHOT

₹52 Cr
₹76 Cr
₹70 Cr
₹91 Cr
₹91 Cr
₹106 Cr
₹111 Cr
₹93 Cr
₹91 Cr
₹102 Cr
₹107 Cr
₹82 Cr
₹103 Cr
₹122 Cr
₹133 Cr
₹108 Cr
₹110 Cr
₹139 Cr
₹136 Cr
₹111 Cr

Samhi Hotels Ltd · SAMHI

—
—
—
₹169 Cr
₹174 Cr
₹191 Cr
₹205 Cr
₹190 Cr
₹220 Cr
₹268 Cr
₹279 Cr
₹250 Cr
₹262 Cr
₹292 Cr
₹319 Cr
₹272 Cr
₹293 Cr
₹338 Cr
₹345 Cr
₹305 Cr

Travel Food Services Ltd · TRAVELFOOD

—
—
—
—
—
—
—
—
—
—
—
₹410 Cr
₹500 Cr
₹411 Cr
₹367 Cr
₹375 Cr
₹356 Cr
₹456 Cr
₹461 Cr
₹452 Cr

Ventive Hospitality Ltd · VENTIVE

—
—
—
—
—
—
—
—
—
₹126 Cr
₹124 Cr
₹115 Cr
₹258 Cr
₹534 Cr
₹698 Cr
₹507 Cr
₹489 Cr
₹686 Cr
₹779 Cr
₹543 Cr

Revenue growth · reported quarter history

Showing the 12 largest of 23 companies with a series here. The remaining 11 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
—
—
—
—
16%
19%
14%
5.6%
3.1%
5.2%
11%
16%
14%
18%
13%
4.0%
8.4%

Chalet Hotels Ltd · CHALET

—
—
—
261%
65%
77%
119%
23%
44%
29%
24%
16%
20%
22%
25%
148%
95%
27%
6.9%
-43%

EIH Ltd · EIHOTEL

—
—
—
—
—
—
—
—
—
26%
16%
5.8%
11%
8.0%
12%
8.9%
1.5%
9.1%
8.2%
14%

Indian Hotels Co Ltd · INDHOTEL

—
—
—
—
—
—
—
—
—
16%
17%
5.7%
27%
29%
27%
32%
12%
12%
14%
15%

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
—
—
—
—
—
—
-68%
16%
7.8%
21%
18%
15%

Juniper Hotels Ltd · JUNIPER

—
—
—
—
—
—
—
14%
14%
32%
26%
19%
28%
6.8%
13%
11%
7.0%
17%
8.3%
13%

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
21%
12%
24%
14%
28%

Lemon Tree Hotels Ltd · LEMONTREE

—
—
—
—
—
—
—
—
—
24%
29%
20%
25%
22%
16%
18%
7.8%
14%
9.8%
9.2%

Oriental Hotels Ltd · ORIENTHOT

—
—
—
—
75%
39%
59%
1.8%
0.0%
-3.7%
-3.2%
-11%
13%
19%
23%
31%
7.0%
14%
3.0%
3.6%

Samhi Hotels Ltd · SAMHI

—
—
—
—
—
—
—
12%
26%
40%
36%
32%
19%
9.0%
14%
8.8%
12%
16%
8.2%
12%

Travel Food Services Ltd · TRAVELFOOD

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-8.5%
-29%
11%
26%
21%

Ventive Hospitality Ltd · VENTIVE

—
—
—
—
—
—
—
—
—
—
—
—
—
324%
463%
341%
90%
28%
12%
7.1%
08 · compare level, then change

Operating Economics & Margin Trend

Chalet Hotels Ltd has the highest OPM among the 24 Hotels companies compared here, at 46%. Lemon Tree Hotels Ltd is next at 43%. Viceroy Hotels Ltd has the highest Margin change at +10.8 percentage points, so level and change sit with different companies. 24 of 24 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Chalet Hotels Ltd leads opm at 46%; Viceroy Hotels Ltd leads margin change at +10.8 percentage points.

LeaderChalet Hotels Ltd · 46%
Gap7% versus #2 · Lemon Tree Hotels Ltd
Persistence7/8 recent comparable periods
Coverage24/24 companies · 381 observations

Investor read: Chalet Hotels Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Chalet Hotels Ltd CHALET46%
2Lemon Tree Hotels Ltd LEMONTREE43%
3Asian Hotels (West) Ltd AHLWEST⚠ unverified40%
4Benares Hotels Ltd BENARAS37%
5Leela Palaces Hotels & Resorts Ltd THELEELA36%
Margin changefastest expanders
1Viceroy Hotels Ltd VHLTD⚠ unverified+10.8 pp
2Advent Hotels International Ltd ADVENTHTL⚠ unverified+6.1 pp
3Chalet Hotels Ltd CHALET+6.0 pp
4Kamat Hotels (India) Ltd KAMATHOTEL+5.3 pp
5Sayaji Hotels Ltd SAYAJIHOTL+3.3 pp
Operating margin · company comparison
24/24 level · 23/24 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Chalet Hotels Ltd CHALET46%+6.0 ppJun 2026
Lemon Tree Hotels Ltd LEMONTREE43%−1.0 ppJun 2026
Asian Hotels (West) Ltd AHLWEST⚠ unverified40%+2.0 ppJun 2026
Benares Hotels Ltd BENARAS37%−3.3 ppJun 2026
Leela Palaces Hotels & Resorts Ltd THELEELA36%−1.0 ppJun 2026
Travel Food Services Ltd TRAVELFOOD36%−3.0 ppJun 2026
Ventive Hospitality Ltd VENTIVE35%−6.0 ppJun 2026
Juniper Hotels Ltd JUNIPER35%−1.0 ppJun 2026
Advent Hotels International Ltd ADVENTHTL⚠ unverified33%+6.1 ppJun 2026
Samhi Hotels Ltd SAMHI32%−1.0 ppJun 2026
ITC Hotels Ltd ITCHOTELS31%+1.0 ppJun 2026
TajGVK Hotels & Resorts Ltd TAJGVK30%0.0 ppJun 2026
Indian Hotels Co Ltd INDHOTEL29%+1.0 ppJun 2026
Apeejay Surrendra Park Hotels Ltd PARKHOTELS28%−1.0 ppJun 2026
Kamat Hotels (India) Ltd KAMATHOTEL27%+5.3 ppJun 2026
Viceroy Hotels Ltd VHLTD⚠ unverified26%+10.8 ppJun 2026
EIH Ltd EIHOTEL25%−3.0 ppJun 2026
Royal Orchid Hotels Ltd ROHLTD⚠ unverified24%−1.2 ppJun 2026
Oriental Hotels Ltd ORIENTHOT21%−2.8 ppJun 2026
Asian Hotels (North) Ltd ASIANHOTNR⚠ unverified17%−3.6 ppJun 2026
Sayaji Hotels Ltd SAYAJIHOTL13%+3.3 ppJun 2026
U P Hotels Ltd UPHOT11%−6.5 ppJun 2026
EIH Associated Hotels Ltd EIHAHOTELS⚠ unverified11%−2.2 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 23 companies with a series here. The remaining 11 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
21%
30%
36%
31%
30%
33%
35%
33%
29%
30%
36%
35%
29%
29%
35%
29%
28%

Chalet Hotels Ltd · CHALET

28%
25%
21%
40%
34%
39%
45%
35%
40%
44%
44%
39%
40%
45%
46%
40%
41%
46%
48%
46%

EIH Ltd · EIHOTEL

-8.4%
23%
3.9%
25%
21%
36%
32%
31%
27%
44%
41%
26%
30%
45%
42%
28%
26%
43%
37%
25%

Indian Hotels Co Ltd · INDHOTEL

10%
29%
18%
30%
24%
35%
33%
28%
25%
37%
35%
29%
27%
38%
35%
28%
28%
38%
35%
29%

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
—
—
25%
29%
27%
37%
39%
30%
29%
38%
37%
31%

Juniper Hotels Ltd · JUNIPER

—
—
—
28%
39%
40%
45%
38%
36%
41%
37%
31%
30%
37%
42%
36%
36%
43%
44%
35%

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
29%
41%
50%
53%
37%
44%
51%
55%
36%

Lemon Tree Hotels Ltd · LEMONTREE

35%
44%
18%
46%
48%
54%
55%
47%
45%
49%
52%
43%
46%
52%
54%
44%
43%
50%
52%
43%

Oriental Hotels Ltd · ORIENTHOT

8.8%
26%
18%
28%
26%
31%
29%
24%
22%
28%
25%
14%
24%
28%
29%
24%
24%
30%
28%
21%

Samhi Hotels Ltd · SAMHI

—
—
—
31%
30%
33%
34%
24%
23%
32%
31%
33%
35%
37%
38%
33%
37%
36%
32%
32%

Travel Food Services Ltd · TRAVELFOOD

—
—
—
—
—
—
—
—
—
—
—
25%
32%
38%
37%
39%
38%
40%
40%
36%

Ventive Hospitality Ltd · VENTIVE

—
—
—
—
—
—
—
—
—
59%
61%
59%
34%
45%
50%
41%
39%
45%
49%
35%

Margin change · reported quarter history

Showing the 12 largest of 23 companies with a series here. The remaining 11 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
—
—
—
—
+9.3 pp
+3.0 pp
−1.0 pp
+2.0 pp
−1.0 pp
−3.0 pp
+1.0 pp
+2.0 pp
0.0 pp
−1.0 pp
−1.0 pp
−6.0 pp
−1.0 pp

Chalet Hotels Ltd · CHALET

+31.7 pp
+12.0 pp
+20.1 pp
+53.2 pp
+6.5 pp
+14.4 pp
+23.8 pp
−5.3 pp
+5.7 pp
+5.0 pp
−1.0 pp
+4.0 pp
0.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+2.0 pp
+6.0 pp

EIH Ltd · EIHOTEL

+154.5 pp
+45.6 pp
+19.9 pp
+148.4 pp
+29.4 pp
+12.6 pp
+28.1 pp
+6.4 pp
+6.0 pp
+8.0 pp
+9.0 pp
−5.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
+2.0 pp
−4.0 pp
−2.0 pp
−5.0 pp
−3.0 pp

Indian Hotels Co Ltd · INDHOTEL

+68.6 pp
+31.9 pp
+6.6 pp
+73.0 pp
+13.9 pp
+6.1 pp
+14.8 pp
−1.9 pp
+1.2 pp
+2.0 pp
+2.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
0.0 pp
−1.0 pp
+1.0 pp
0.0 pp
0.0 pp
+1.0 pp

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
—
—
—
—
—
—
+14.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
−2.0 pp
+1.0 pp

Juniper Hotels Ltd · JUNIPER

—
—
—
—
—
—
—
+9.6 pp
−2.6 pp
+1.0 pp
−8.0 pp
−7.0 pp
−6.0 pp
−4.0 pp
+5.0 pp
+5.0 pp
+6.0 pp
+6.0 pp
+2.0 pp
−1.0 pp

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+8.0 pp
+3.0 pp
+1.0 pp
+2.0 pp
−1.0 pp

Lemon Tree Hotels Ltd · LEMONTREE

+18.9 pp
+14.8 pp
−9.8 pp
+46.0 pp
+12.7 pp
+10.0 pp
+37.0 pp
+1.4 pp
−2.6 pp
−5.0 pp
−3.0 pp
−4.0 pp
+1.0 pp
+3.0 pp
+2.0 pp
+1.0 pp
−3.0 pp
−2.0 pp
−2.0 pp
−1.0 pp

Oriental Hotels Ltd · ORIENTHOT

+101.2 pp
+23.2 pp
+6.5 pp
+78.6 pp
+17.5 pp
+5.1 pp
+11.5 pp
−3.7 pp
−4.2 pp
−3.1 pp
−4.1 pp
−10.0 pp
+2.0 pp
+0.4 pp
+4.5 pp
+9.5 pp
−0.2 pp
+1.7 pp
−1.2 pp
−2.8 pp

Samhi Hotels Ltd · SAMHI

—
—
—
—
—
—
—
−7.2 pp
−7.4 pp
−1.0 pp
−3.0 pp
+9.0 pp
+12.0 pp
+5.0 pp
+7.0 pp
0.0 pp
+2.0 pp
−1.0 pp
−6.0 pp
−1.0 pp

Travel Food Services Ltd · TRAVELFOOD

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+14.0 pp
+6.0 pp
+2.0 pp
+3.0 pp
−3.0 pp

Ventive Hospitality Ltd · VENTIVE

—
—
—
—
—
—
—
—
—
—
—
—
—
−14.0 pp
−11.0 pp
−18.0 pp
+5.0 pp
0.0 pp
−1.0 pp
−6.0 pp
09 · compare level, then change

Profit Scale & Acceleration

Indian Hotels Co Ltd has the highest Net profit among the 24 Hotels companies compared here, at ₹2,308 crore. ITC Hotels Ltd is next at ₹869 crore. Asian Hotels (West) Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Indian Hotels Co Ltd leads with ₹2,308 crore of TTM profit, 165.6% above ITC Hotels Ltd. Asian Hotels (West) Ltd shows ≥100% on the scoring scale (136.7% uncapped) growth from a ₹71 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderIndian Hotels Co Ltd · ₹2,308 crore
Gap165.6% versus #2 · ITC Hotels Ltd
Persistence7/8 recent comparable periods
Coverage24/24 companies · 334 observations

Investor read: Indian Hotels Co Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Indian Hotels Co Ltd INDHOTEL₹2.3K Cr
2ITC Hotels Ltd ITCHOTELS₹869 Cr
3EIH Ltd EIHOTEL₹741 Cr
4Ventive Hospitality Ltd VENTIVE₹587 Cr
5Samhi Hotels Ltd SAMHI₹572 Cr
Profit growthfastest growers
1Asian Hotels (West) Ltd AHLWEST⚠ unverified100%
2Juniper Hotels Ltd JUNIPER100%
3Samhi Hotels Ltd SAMHI100%
4TajGVK Hotels & Resorts Ltd TAJGVK100%
5Leela Palaces Hotels & Resorts Ltd THELEELA100%
Net profit · company comparison
24/24 level · 20/24 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Indian Hotels Co Ltd INDHOTEL₹391 Cr19%Jun 2026
ITC Hotels Ltd ITCHOTELS₹182 Cr36%Jun 2026
Travel Food Services Ltd TRAVELFOOD₹129 Cr36%Jun 2026
Ventive Hospitality Ltd VENTIVE₹124 Cr226%Jun 2026
EIH Ltd EIHOTEL₹120 Cr224%Jun 2026
Chalet Hotels Ltd CHALET₹86 Cr-58%Jun 2026
Lemon Tree Hotels Ltd LEMONTREE₹57 Cr19%Jun 2026
Leela Palaces Hotels & Resorts Ltd THELEELA₹49 Cr444%Jun 2026
Juniper Hotels Ltd JUNIPER₹33 Cr267%Jun 2026
TajGVK Hotels & Resorts Ltd TAJGVK₹32 Cr23%Jun 2026
Samhi Hotels Ltd SAMHI₹25 Cr32%Jun 2026
Asian Hotels (West) Ltd AHLWEST⚠ unverified₹14 Cr75%Jun 2026
Apeejay Surrendra Park Hotels Ltd PARKHOTELS₹11 Cr-15%Jun 2026
Kamat Hotels (India) Ltd KAMATHOTEL₹10 Cr129%Jun 2026
Benares Hotels Ltd BENARAS₹8 Cr8.8%Jun 2026
EIH Associated Hotels Ltd EIHAHOTELS⚠ unverified₹7 Cr11%Jun 2026
Royal Orchid Hotels Ltd ROHLTD⚠ unverified₹7 Cr-39%Jun 2026
Advent Hotels International Ltd ADVENTHTL⚠ unverified₹7 Cr-79%Jun 2026
Oriental Hotels Ltd ORIENTHOT₹5 Cr-20%Jun 2026
U P Hotels Ltd UPHOT₹3 Cr-17%Jun 2026
Viceroy Hotels Ltd VHLTD⚠ unverified₹1 Cr-40%Jun 2026
Sayaji Hotels Ltd SAYAJIHOTL₹0 Cr-59%Jun 2026
Asian Hotels (North) Ltd ASIANHOTNR⚠ unverified₹-4 Cr-82%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 23 companies with a series here. The remaining 11 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
₹9 Cr
₹9 Cr
₹19 Cr
₹11 Cr
₹8 Cr
₹15 Cr
₹27 Cr
₹18 Cr
₹-2 Cr
₹27 Cr
₹32 Cr
₹27 Cr
₹13 Cr
₹16 Cr
₹24 Cr
₹12 Cr
₹11 Cr

Chalet Hotels Ltd · CHALET

₹-14 Cr
₹-14 Cr
₹-11 Cr
₹29 Cr
₹16 Cr
₹102 Cr
₹37 Cr
₹89 Cr
₹36 Cr
₹71 Cr
₹82 Cr
₹61 Cr
₹-139 Cr
₹97 Cr
₹124 Cr
₹203 Cr
₹155 Cr
₹124 Cr
₹163 Cr
₹86 Cr

EIH Ltd · EIHOTEL

—
—
—
—
—
₹149 Cr
₹92 Cr
₹106 Cr
₹94 Cr
₹230 Cr
₹248 Cr
₹97 Cr
₹133 Cr
₹279 Cr
₹262 Cr
₹37 Cr
₹117 Cr
₹255 Cr
₹249 Cr
₹120 Cr

Indian Hotels Co Ltd · INDHOTEL

—
—
—
—
—
₹404 Cr
₹339 Cr
₹236 Cr
₹179 Cr
₹477 Cr
₹438 Cr
₹260 Cr
₹583 Cr
₹633 Cr
₹563 Cr
₹329 Cr
₹318 Cr
₹954 Cr
₹645 Cr
₹391 Cr

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
₹1 Cr
₹0 Cr
₹632 Cr
₹87 Cr
₹77 Cr
₹216 Cr
₹258 Cr
₹134 Cr
₹133 Cr
₹237 Cr
₹317 Cr
₹182 Cr

Juniper Hotels Ltd · JUNIPER

—
—
—
₹-9 Cr
₹-9 Cr
₹1 Cr
₹15 Cr
₹-11 Cr
₹-16 Cr
₹4 Cr
₹47 Cr
₹12 Cr
₹-28 Cr
₹32 Cr
₹55 Cr
₹9 Cr
₹17 Cr
₹65 Cr
₹50 Cr
₹33 Cr

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
₹-75 Cr
₹-51 Cr
₹56 Cr
₹117 Cr
₹9 Cr
₹75 Cr
₹148 Cr
₹172 Cr
₹49 Cr

Lemon Tree Hotels Ltd · LEMONTREE

—
—
—
—
—
₹49 Cr
₹59 Cr
₹28 Cr
₹26 Cr
₹44 Cr
₹84 Cr
₹20 Cr
₹35 Cr
₹80 Cr
₹108 Cr
₹48 Cr
₹42 Cr
₹82 Cr
₹116 Cr
₹57 Cr

Oriental Hotels Ltd · ORIENTHOT

₹-8 Cr
₹9 Cr
₹0 Cr
₹10 Cr
₹8 Cr
₹16 Cr
₹21 Cr
₹7 Cr
₹4 Cr
₹19 Cr
₹19 Cr
₹-1 Cr
₹6 Cr
₹15 Cr
₹19 Cr
₹7 Cr
₹8 Cr
₹21 Cr
₹32 Cr
₹5 Cr

Samhi Hotels Ltd · SAMHI

—
—
—
₹-101 Cr
₹-84 Cr
₹-80 Cr
₹-74 Cr
₹-83 Cr
₹-88 Cr
₹-74 Cr
₹11 Cr
₹4 Cr
₹13 Cr
₹23 Cr
₹46 Cr
₹19 Cr
₹100 Cr
₹48 Cr
₹399 Cr
₹25 Cr

Travel Food Services Ltd · TRAVELFOOD

—
—
—
—
—
—
—
—
—
—
—
₹60 Cr
₹110 Cr
₹103 Cr
₹107 Cr
₹95 Cr
₹98 Cr
₹137 Cr
₹123 Cr
₹129 Cr

Ventive Hospitality Ltd · VENTIVE

—
—
—
—
—
—
—
—
—
₹43 Cr
₹47 Cr
₹26 Cr
₹-47 Cr
₹35 Cr
₹151 Cr
₹38 Cr
₹64 Cr
₹140 Cr
₹259 Cr
₹124 Cr

Profit growth · reported quarter history

Showing the 12 largest of 23 companies with a series here. The remaining 11 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
—
—
—
—
-11%
67%
42%
64%
-125%
80%
19%
50%
—
-41%
-25%
-56%
-15%

Chalet Hotels Ltd · CHALET

—
—
—
—
—
—
—
207%
125%
-30%
122%
-31%
-486%
37%
51%
233%
—
28%
31%
-58%

EIH Ltd · EIHOTEL

—
—
—
—
—
—
—
—
—
54%
170%
-8.5%
41%
21%
5.7%
-62%
-12%
-8.6%
-5.0%
224%

Indian Hotels Co Ltd · INDHOTEL

—
—
—
—
—
—
—
—
—
18%
29%
10%
226%
33%
29%
27%
-45%
51%
15%
19%

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
—
—
—
—
7,600%
—
-59%
54%
73%
9.7%
23%
36%

Juniper Hotels Ltd · JUNIPER

—
—
—
—
—
—
—
—
—
300%
213%
—
—
700%
17%
-25%
—
103%
-9.1%
267%

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
164%
47%
444%

Lemon Tree Hotels Ltd · LEMONTREE

—
—
—
—
—
—
—
—
—
-10%
42%
-29%
35%
82%
29%
140%
20%
2.5%
7.4%
19%

Oriental Hotels Ltd · ORIENTHOT

—
—
—
—
—
78%
—
-26%
-45%
16%
-8.0%
-118%
31%
-17%
0.4%
—
39%
36%
67%
-20%

Samhi Hotels Ltd · SAMHI

—
—
—
—
—
—
—
—
—
—
—
—
—
—
318%
375%
669%
109%
767%
32%

Travel Food Services Ltd · TRAVELFOOD

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
58%
-11%
33%
15%
36%

Ventive Hospitality Ltd · VENTIVE

—
—
—
—
—
—
—
—
—
—
—
—
—
-19%
221%
46%
—
300%
72%
226%
10 · compare level, then change

Return On Capital Employed

Travel Food Services Ltd has the highest ROCE among the 24 Hotels companies compared here, at 42.4%. Benares Hotels Ltd is next at 29.8%. HLV Ltd has the highest ROCE change at +10 percentage points, so level and change sit with different companies. 24 of 24 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Travel Food Services Ltd leads ROCE at 42.4%, 12.6 percentage points above Benares Hotels Ltd. HLV Ltd has the strongest latest improvement at +10 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderTravel Food Services Ltd · 42.4%
Gap42.3% versus #2 · Benares Hotels Ltd
PersistenceNot enough history
Coverage24/24 companies · 172 observations

Investor read: Travel Food Services Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Travel Food Services Ltd TRAVELFOOD42%
2Benares Hotels Ltd BENARAS30%
3U P Hotels Ltd UPHOT22%
4EIH Associated Hotels Ltd EIHAHOTELS⚠ unverified21%
5EIH Ltd EIHOTEL21%
ROCE changefastest improvers
1HLV Ltd HLVLTD · older report+10.0 pp
2Asian Hotels (West) Ltd AHLWEST⚠ unverified+8.0 pp
3Chalet Hotels Ltd CHALET+4.3 pp
4Juniper Hotels Ltd JUNIPER+2.2 pp
5Advent Hotels International Ltd ADVENTHTL⚠ unverified+2.1 pp
Return on capital · company comparison
24/24 level · 24/24 change

Withheld from this chart: Indian Hotels Co Ltd (INDHOTEL) — its two data sources disagree by up to 10% on reported income across 15 comparable periods, so its derived ratios are withheld; EIH Ltd (EIHOTEL) — its two data sources disagree by up to 6.2% on reported income across 14 comparable periods, so its derived ratios are withheld; Travel Food Services Ltd (TRAVELFOOD) — its two data sources disagree by up to 6.8% on reported income across 8 comparable periods, so its derived ratios are withheld; Ventive Hospitality Ltd (VENTIVE) — its two data sources disagree by up to 35% on reported income across 10 comparable periods, so its derived ratios are withheld; Lemon Tree Hotels Ltd (LEMONTREE) — its two data sources disagree by up to 25% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Asian Hotels (West) Ltd AHLWEST⚠ unverified37%+8.0 ppJun 2026
Chalet Hotels Ltd CHALET16%+4.3 ppJun 2026
EIH Associated Hotels Ltd EIHAHOTELS⚠ unverified16%−3.4 ppJun 2026
Oriental Hotels Ltd ORIENTHOT13%+0.9 ppJun 2026
ITC Hotels Ltd ITCHOTELS10%+0.8 ppJun 2026
TajGVK Hotels & Resorts Ltd TAJGVK8.8%−8.9 ppJun 2026
Royal Orchid Hotels Ltd ROHLTD⚠ unverified8.4%−7.6 ppJun 2026
Apeejay Surrendra Park Hotels Ltd PARKHOTELS8.0%−1.7 ppJun 2026
Juniper Hotels Ltd JUNIPER7.8%+2.2 ppJun 2026
Leela Palaces Hotels & Resorts Ltd THELEELA7.5%+1.4 ppJun 2026
Samhi Hotels Ltd SAMHI7.5%−1.5 ppJun 2026
Viceroy Hotels Ltd VHLTD⚠ unverified4.9%−2.4 ppJun 2026
Advent Hotels International Ltd ADVENTHTL⚠ unverified4.9%+2.1 ppJun 2026
Asian Hotels (North) Ltd ASIANHOTNR⚠ unverified2.8%−13.4 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
—
—
—
10%
—
12%
13%
11%
13%
9.8%
13%
9.7%
12%
8.8%
10%
8.0%
—

Asian Hotels (North) Ltd · ASIANHOTNR⚠ unverified

-1.7%
-77%
-1.4%
-30%
-0.1%
0.5%
5.3%
—
7.7%
—
7.2%
—
9.7%
—
16%
—
30%
—
2.8%
—

Chalet Hotels Ltd · CHALET

-1.4%
—
-0.2%
—
3.2%
—
8.9%
—
10%
10%
12%
13%
12%
13%
12%
18%
16%
20%
16%
—

EIH Associated Hotels Ltd · EIHAHOTELS⚠ unverified

-3.4%
—
4.7%
—
11%
—
18%
—
17%
23%
19%
22%
20%
24%
19%
24%
20%
24%
16%
—

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
—
-2.7%
9.0%
—
1,229%
—
9.2%
9.3%
9.4%
18%
8.3%
10%

Juniper Hotels Ltd · JUNIPER

—
—
—
—
—
—
7.6%
—
10%
11%
6.4%
7.1%
5.7%
7.9%
5.6%
6.7%
6.5%
7.6%
7.8%
—

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
6.1%
8.0%
6.9%
8.5%
7.5%
—

Oriental Hotels Ltd · ORIENTHOT

-3.8%
—
0.1%
—
8.9%
—
13%
—
12%
13%
9.2%
9.8%
7.4%
9.7%
9.8%
12%
12%
13%
12%
13%

Royal Orchid Hotels Ltd · ROHLTD⚠ unverified

-1.5%
—
4.6%
—
18%
—
21%
—
19%
23%
18%
20%
17%
19%
16%
19%
8.0%
12%
8.4%
—

Samhi Hotels Ltd · SAMHI

—
—
—
—
2.5%
—
12%
—
4.4%
3.9%
6.0%
6.8%
8.2%
9.1%
9.0%
10%
9.0%
13%
7.5%
—

TajGVK Hotels & Resorts Ltd · TAJGVK

2.0%
—
6.4%
—
19%
—
17%
—
11%
17%
17%
18%
18%
21%
18%
20%
17%
18%
8.8%
—

Viceroy Hotels Ltd · VHLTD⚠ unverified

-9.5%
—
-32%
—
-27%
—
-4.3%
0.2%
-4.5%
-2.9%
-2.0%
-0.3%
1.6%
11%
7.3%
8.7%
7.3%
9.9%
4.9%
—

ROCE change · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
—
—
—
—
—
—
—
+0.8 pp
—
−1.7 pp
+0.1 pp
−1.4 pp
−0.7 pp
−1.0 pp
−2.7 pp
−1.7 pp
—

Asian Hotels (North) Ltd · ASIANHOTNR⚠ unverified

—
—
—
—
+1.6 pp
+77.6 pp
+6.7 pp
—
+7.8 pp
—
+1.9 pp
—
+2.0 pp
—
+9.0 pp
—
+20.6 pp
—
−13.4 pp
—

Chalet Hotels Ltd · CHALET

—
—
—
—
+4.6 pp
—
+9.1 pp
—
+6.9 pp
—
+2.9 pp
—
+1.6 pp
+2.5 pp
−0.2 pp
+5.6 pp
+4.4 pp
+7.1 pp
+4.3 pp
—

EIH Associated Hotels Ltd · EIHAHOTELS⚠ unverified

—
—
—
—
+14.5 pp
—
+13.3 pp
—
+5.8 pp
—
+1.4 pp
—
+3.1 pp
+1.6 pp
−0.1 pp
+1.2 pp
−0.3 pp
+0.2 pp
−3.4 pp
—

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
—
—
—
—
—
—
+0.2 pp
—
−1,219.7 pp
—
−0.9 pp
+0.8 pp

Juniper Hotels Ltd · JUNIPER

—
—
—
—
—
—
—
—
—
—
−1.2 pp
—
−4.5 pp
−3.2 pp
−0.8 pp
−0.4 pp
+0.8 pp
−0.3 pp
+2.2 pp
—

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+1.4 pp
—

Oriental Hotels Ltd · ORIENTHOT

—
—
—
—
+12.7 pp
—
+13.0 pp
—
+3.2 pp
—
−3.9 pp
—
−4.7 pp
−3.1 pp
+0.6 pp
+2.1 pp
+4.6 pp
+3.6 pp
+2.4 pp
+0.9 pp

Royal Orchid Hotels Ltd · ROHLTD⚠ unverified

—
—
—
—
+19.7 pp
—
+16.7 pp
—
+0.4 pp
—
−3.0 pp
—
−2.1 pp
−4.2 pp
−2.3 pp
−1.0 pp
−8.5 pp
−7.5 pp
−7.6 pp
—

Samhi Hotels Ltd · SAMHI

—
—
—
—
—
—
—
—
+1.9 pp
—
−5.5 pp
—
+3.8 pp
+5.2 pp
+3.0 pp
+3.2 pp
+0.8 pp
+3.7 pp
−1.5 pp
—

TajGVK Hotels & Resorts Ltd · TAJGVK

—
—
—
—
+16.5 pp
—
+10.5 pp
—
−7.6 pp
—
−0.1 pp
—
+7.1 pp
+4.3 pp
+0.9 pp
+1.6 pp
−1.0 pp
−2.5 pp
−8.9 pp
—

Viceroy Hotels Ltd · VHLTD⚠ unverified

—
—
—
—
−17.7 pp
—
+27.9 pp
—
+22.7 pp
—
+2.3 pp
−0.5 pp
+6.1 pp
+13.5 pp
+9.3 pp
+9.0 pp
+5.7 pp
−0.7 pp
−2.4 pp
—
11 · compare level, then change

Valuation Against Growth & Quality

Oriental Hotels Ltd has the lowest PEG among the 24 Hotels companies compared here, at 0.66×. Chalet Hotels Ltd is next at 0.83×. HLV Ltd has the lowest P/E at 2.77×, so level and change sit with different companies. 7 of 24 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Oriental Hotels Ltd has the lowest comparable PEG at 0.66×, 20.5% below Chalet Hotels Ltd. Only 7 of 24 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderOriental Hotels Ltd · 0.66×
Gap20.5% versus #2 · Chalet Hotels Ltd
Persistence0/8 recent comparable periods
Coverage7/24 companies · 25 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1Oriental Hotels Ltd ORIENTHOT0.7
2Chalet Hotels Ltd CHALET0.8
3TajGVK Hotels & Resorts Ltd TAJGVK0.9
4ITC Hotels Ltd ITCHOTELS1.2
5Juniper Hotels Ltd JUNIPER1.5
P/Elowest P/E
1HLV Ltd HLVLTD · older report2.8
2Asian Hotels (West) Ltd AHLWEST⚠ unverified6.5
3Samhi Hotels Ltd SAMHI8.3
4Advent Hotels International Ltd ADVENTHTL⚠ unverified14.3
5TajGVK Hotels & Resorts Ltd TAJGVK14.6
Valuation · company comparison
7/24 level · 23/24 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Apeejay Surrendra Park Hotels Ltd PARKHOTELS3.539.0Jun 2026
Leela Palaces Hotels & Resorts Ltd THELEELA1.738.9Jun 2026
ITC Hotels Ltd ITCHOTELS1.241.4Jun 2026
TajGVK Hotels & Resorts Ltd TAJGVK0.915.1Jun 2026
Chalet Hotels Ltd CHALET0.827.7Jun 2026
Oriental Hotels Ltd ORIENTHOT0.736.4Jun 2026
Indian Hotels Co Ltd INDHOTEL—59.5Jun 2026
EIH Ltd EIHOTEL—28.0Jun 2026
Travel Food Services Ltd TRAVELFOOD—39.5Jun 2026
Ventive Hospitality Ltd VENTIVE—34.9Jun 2026
Lemon Tree Hotels Ltd LEMONTREE—38.2Jun 2026
Juniper Hotels Ltd JUNIPER—25.8Jun 2026
Samhi Hotels Ltd SAMHI—9.5Jun 2026
EIH Associated Hotels Ltd EIHAHOTELS⚠ unverified—21.8Jun 2026
Asian Hotels (North) Ltd ASIANHOTNR⚠ unverified—370.4Jun 2026
Benares Hotels Ltd BENARAS—31.3Jun 2026
Viceroy Hotels Ltd VHLTD⚠ unverified—82.4Jun 2026
Royal Orchid Hotels Ltd ROHLTD⚠ unverified—29.8Jun 2026
U P Hotels Ltd UPHOT—23.9Jun 2026
Advent Hotels International Ltd ADVENTHTL⚠ unverified—15.8Jun 2026
Kamat Hotels (India) Ltd KAMATHOTEL—15.9Jun 2026
Asian Hotels (West) Ltd AHLWEST⚠ unverified—8.5Jun 2026
Sayaji Hotels Ltd SAYAJIHOTL—257.6Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
—
—
—
—
—
—
—
—
—
1.1
—
1.5
1.0
0.7
2.0
3.5
—

Chalet Hotels Ltd · CHALET

—
—
—
—
—
—
—
—
—
—
—
—
—
—
5.1
—
—
3.1
0.8
—

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.3
—
—
—
1.2

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.7
—

Oriental Hotels Ltd · ORIENTHOT

—
—
—
—
—
—
—
—
—
—
0.8
—
2.4
—
—
—
1.2
1.0
0.7
—

TajGVK Hotels & Resorts Ltd · TAJGVK

—
—
—
—
—
—
—
—
—
2.8
—
—
—
0.5
0.6
0.8
1.5
0.8
1.5
0.9

P/E · reported quarter history

Showing the 12 largest of 23 companies with a series here. The remaining 11 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Apeejay Surrendra Park Hotels Ltd · PARKHOTELS

—
—
—
—
—
—
—
—
—
—
69.0
65.2
53.8
50.1
41.4
41.3
32.2
32.3
26.7
39.0

Chalet Hotels Ltd · CHALET

—
—
—
-569.5
401.1
284.9
80.9
59.2
54.9
62.2
74.9
59.3
74.1
254.3
210.7
67.8
165.5
149.9
26.1
27.7

EIH Ltd · EIHOTEL

—
—
—
—
267.6
88.2
44.5
36.8
34.1
34.1
51.3
41.6
37.4
38.1
31.4
29.5
29.9
30.1
23.4
28.0

Indian Hotels Co Ltd · INDHOTEL

—
—
—
—
232.0
103.8
63.1
58.2
55.8
56.6
71.8
71.6
78.7
85.5
71.8
72.5
58.9
62.4
46.6
59.5

ITC Hotels Ltd · ITCHOTELS

—
—
—
—
—
—
—
—
—
—
—
—
—
—
51.6
72.9
74.8
36.3
36.1
41.4

Juniper Hotels Ltd · JUNIPER

—
—
—
—
—
—
—
—
—
—
483.9
395.6
191.7
218.5
88.2
88.1
84.0
46.3
28.5
25.8

Leela Palaces Hotels & Resorts Ltd · THELEELA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
102.8
53.6
41.5
36.1
38.9

Lemon Tree Hotels Ltd · LEMONTREE

—
—
—
—
—
—
133.2
64.6
72.5
73.1
82.6
77.1
66.6
77.9
56.8
55.9
61.0
58.1
34.6
38.2

Oriental Hotels Ltd · ORIENTHOT

—
-26.6
-55.8
85.1
114.1
48.1
41.9
29.4
29.3
45.4
40.3
49.9
79.4
74.0
65.3
67.8
50.0
36.9
27.8
36.4

Samhi Hotels Ltd · SAMHI

—
—
—
—
—
—
—
—
—
—
-19.7
-28.6
-95.4
151.3
62.9
44.9
36.5
29.4
19.1
9.5

Travel Food Services Ltd · TRAVELFOOD

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
48.1
42.6
39.3
39.5

Ventive Hospitality Ltd · VENTIVE

—
—
—
—
—
—
—
—
—
—
—
—
—
—
4.5
129.8
142.9
77.0
42.0
34.9
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Hotels comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 24 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 6 draw at least one figure from a second feed with too little overlap to cross-check.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
  • 6 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 5 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 24 Hotels companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-11. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-11 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing8 cross-checked · 11 unverified · 5 withheld, of 24 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

14 · questions investors ask, short speakable answers

Hotels company comparison FAQs

These 24 answers restate the Hotels comparison above in question form. Every one is computed from the same 24 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.

Is the Hotels sector outperforming NIFTY 500?

Hotels has underperformed NIFTY 500 by 12.2% over 52 weeks and 7% over 13 weeks. 10 of 23 covered companies beat NIFTY on Mansfield relative strength, while 8 of 23 beat the sector itself.

Which Hotels company is largest by revenue?

Indian Hotels Co Ltd leads with revenue of ₹9,987 crore, based on 24 of 24 comparable companies through Jun 2026.

Which Hotels company is growing fastest?

Royal Orchid Hotels Ltd has the fastest current revenue growth at 26.9%, across 24 of 24 comparable companies.

Which Hotels company has the strongest 4-Factor Sector Score?

Chalet Hotels Ltd ranks first at 71.3/100 with 94% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Hotels company has the lowest comparable PEG?

Oriental Hotels Ltd has the lowest comparable PEG at 0.66, among 7 of 24 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Hotels comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Is there a Nifty Hotels index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Hotels, this page builds its own equal-weight basket of 24 listed Hotels companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Hotels stocks in India?

Ranked by this page's four-factor score, Chalet Hotels Ltd places first among 24 listed Hotels companies, followed by Asian Hotels (West) Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Hotels stocks are listed in India?

This comparison covers 24 listed Hotels companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Hotels company is the biggest?

Indian Hotels Co Ltd is the largest, with trailing-twelve-month revenue of ₹9,987 crore, ahead of ITC Hotels Ltd at ₹4,260 crore. That covers 24 of 24 companies with comparable reporting through Jun 2026.

Which Hotels company has the best profit margins?

Chalet Hotels Ltd has the highest operating margin at 46%, from 24 of 24 comparable companies. Viceroy Hotels Ltd shows the biggest recent improvement, at +10.8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Hotels company makes the most profit?

Indian Hotels Co Ltd earns the most, at ₹2,308 crore of trailing-twelve-month net profit, from 24 of 24 comparable companies. Asian Hotels (West) Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

Which Hotels company earns the highest return on capital?

Travel Food Services Ltd leads on return on capital employed at 42.4%, across 24 of 24 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Hotels stock is the cheapest?

On PEG — where a LOWER number is cheaper — Oriental Hotels Ltd screens cheapest at 0.66×. Only 7 of 24 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Hotels sector beating the market?

Hotels has underperformed NIFTY 500 by 12.2% over the last 52 weeks and 7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 10 of 23 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Hotels stock has the strongest price momentum?

Asian Hotels (West) Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Hotels company scores highest for research priority?

Chalet Hotels Ltd scores 71.3 out of 100 with 94% evidence confidence, from 25.4 points on growth and earnings, 15.9 on capital efficiency, 16.1 on valuation and 13.9 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Hotels companies does this comparison cover, and over what period?

It compares 24 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Hotels sector?

The 24 Hotels companies on this page carry ₹2,53,516 crore of combined market value. Indian Hotels Co Ltd is the largest at ₹1,02,274 crore, about 40% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

What is the Hotels sector's P/E ratio?

The median price-to-earnings ratio across the 24 Hotels companies on this page is 31.5×, measured on the 23 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-17.

How is the Hotels sector performing?

10 of the 23 covered Hotels companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 12.2% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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Not SEBI Registered !! Not Investment advice !!

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