Skip to content
Not SEBI Registered !! Not Investment advice !!

Hotel Stocks in India

There are 25 listed hotel stocks in India: 24 hotel owners and chains and 1 holiday club. At the 6 November 2026 close, the biggest are Indian Hotels Co (₹1,24,741 cr), ITC Hotels (₹36,751 cr) and Leela Palaces Hotels & Resorts (₹23,010 cr).

25 hotel and resort stocks with price · who owns Taj, Oberoi, ITC and Leela · occupancy in their own words · top 10 for the month

By Updated October 2026Prices as of 6 November 2026How the numbers are worked out

What changed in this list this week

What changed in the week to 30 October 2026

Seven of the 25 companies have reported September 2026 quarter results. Benares Hotels had its weakest operating margin in at least 8 quarters. Mahindra Holidays & Resorts India grew profit again after two or more weak quarters. Foreign funds raised their stake for 3 or more quarters at 4 companies and cut it for 3 or more quarters at 5 companies. ITC Hotels started beating the broad market again after 10 or more weeks behind it. Leela Palaces Hotels & Resorts, Oriental Hotels and Indian Hotels Co closed at a 52-week high. Next, look at the 18 still to report.

Hotel share price list in India

Here are all 25 listed hotel companies with share price, P/E, 52-week high and low and returns against the Nifty 500, at the 6 November 2026 close. The biggest by market value are Indian Hotels Co, ITC Hotels and Leela Palaces Hotels & Resorts. 10 of the 25 are worth less than ₹2,000 crore.

  1. Indian Hotels Co: ₹875 on 30 Oct 2026 | market cap ₹1,24,741 cr | P/E 62.0 | ROCE 17.1%
  2. ITC Hotels: ₹177 on 30 Oct 2026 | market cap ₹36,751 cr | P/E 37.1 | ROCE 11.2%
  3. Leela Palaces Hotels & Resorts: ₹690 on 30 Oct 2026 | market cap ₹23,010 cr | P/E 49.1 | ROCE 8.7%
  4. EIH: ₹308 on 30 Oct 2026 | market cap ₹19,271 cr | P/E 26.5 | ROCE 20.7%
  5. Chalet Hotels: ₹810.7 on 6 Nov 2026 | market cap ₹17,754 cr | P/E 33.2 | ROCE 17.0%
  6. Ventive Hospitality: ₹540.55 on 6 Nov 2026 | market cap ₹12,624 cr | P/E 26.0 | ROCE 10.8%
  7. Lemon Tree Hotels: ₹118 on 30 Oct 2026 | market cap ₹9,313 cr | P/E 36.4 | ROCE 14.1%
  8. India Tourism Development Corporation: ₹630.65 on 6 Nov 2026 | market cap ₹5,409 cr | P/E 65.3 | ROCE 29.9%
  9. Juniper Hotels: ₹208.05 on 6 Nov 2026 | market cap ₹4,629 cr | P/E 24.9 | ROCE 8.0%
  10. Mahindra Holidays & Resorts India: ₹197.86 on 6 Nov 2026 | market cap ₹3,999 cr | P/E 81.8 | ROCE 8.1%
hotel stocks
CompanyPriceMarket capP/E or P/B52W high / lowEarnings growth, 12 months3M vs Nifty 5001Y vs Nifty 500
Indian Hotels CoHotel owners and chains₹875₹1,24,741 cr62.0₹875 / ₹565+31%+17.6 pts+16.9 pts
ITC HotelsHotel owners and chainsOperates and manages hotels, with over 200 hotels₹177₹36,751 cr37.1₹215 / ₹137+78%+10.6 pts−15.4 pts
Leela Palaces Hotels & ResortsHotel owners and chains₹690₹23,010 cr49.1₹707 / ₹381+88%+35.9 pts+53.8 pts
EIHHotel owners and chainsOwning and managing premium luxury hotels and cruisers₹308₹19,271 cr26.5₹399 / ₹271+5%−4.8 pts−19.0 pts
Chalet HotelsHotel owners and chainsHospitality, commercial and retail operations and real estate development.₹810.7₹17,754 cr33.2₹971 / ₹690+85%+7.0 pts−7.7 pts
Ventive HospitalityHotel owners and chains₹540.55₹12,624 cr26.0₹798 / ₹5234 times or more−7.2 pts−20.6 pts
Lemon Tree HotelsHotel owners and chains₹118₹9,313 cr36.4₹168 / ₹99.6+9%+7.6 pts−26.4 pts
India Tourism Development CorporationHotel owners and chainsOperates hotels and government₹630.65₹5,409 cr65.3₹822 / ₹368+3%−8.2 pts+2.7 pts
Juniper HotelsHotel owners and chains₹208.05₹4,629 cr24.9₹286 / ₹188+142%+8.1 pts−21.1 pts
Mahindra Holidays & Resorts IndiaHoliday resorts and clubsOffers family holidays primarily through vacation ownership memberships₹197.86₹3,999 cr81.8₹346 / ₹178-59%−10.6 pts−38.2 pts
Samhi HotelsHotel owners and chains₹168.36₹3,743 cr8.9₹208 / ₹1274 times or more−8.2 pts−19.2 pts
Oriental HotelsHotel owners and chains₹173₹3,086 cr45.2₹174 / ₹80+36%+29.9 pts+37.9 pts
Apeejay Surrendra Park HotelsHotel owners and chains₹103.97₹2,219 cr34.5₹152 / ₹93.2-36%−11.3 pts−26.8 pts
Brigade Hotel VenturesHotel owners and chains₹56.2₹2,138 cr27.0₹83.9 / ₹46.9+78%−3.5 pts−29.4 pts
TajGVK Hotels & ResortsHotel owners and chainsOwning, operating & managing hotels, palaces, and resorts under the brand name of “TAJ”₹326.15₹2,045 cr14.2₹439 / ₹281+230%−9.0 pts−20.4 pts
EIH Associated HotelsHotel owners and chainsOwning premium luxury hotels under the luxury 'Oberoi' and five-star 'Trident' brands₹284.1₹1,731 cr19.3₹391 / ₹266-7%−2.7 pts−19.7 pts
Asian Hotels (North)Hotel owners and chains₹311.05₹1,326 cr109.0₹424 / ₹248+11.3 pts+1.2 pts
Benares HotelsHotel owners and chains₹10,182₹1,324 cr29.7₹11,499 / ₹9,000+3%+7.5 pts+16.7 pts
Viceroy HotelsHotel owners and chains₹144.3₹1,154 cr50.6₹162 / ₹112-69%+20.5 pts+26.2 pts
U P HotelsHotel owners and chains₹1,500₹792 cr21.9₹1,680 / ₹1,294+19%+15.0 pts+1.5 pts
Royal Orchid HotelsHotel owners and chainsOperates and manages hotels/ resorts and provides related services₹288.7₹792 cr29.7₹492 / ₹261-44%−6.0 pts−36.4 pts
Kamat HotelsHotel owners and chainsHospitality business and other related services like hotel consultancy, setup₹219.95₹649 cr15.4₹298 / ₹140-18%+40.3 pts−17.0 pts
Advent Hotels InternationalHotel owners and chainsOwns, and manages luxury and upper‑upscale hotels in prime micro‑markets₹118.66₹640 cr13.2₹345 / ₹112-100.0%−11.8 pts
Asian Hotels (West)Hotel owners and chainsOperates a 401-room five-star hotel in Mumbai, in partnership₹501.3₹584 cr6.5₹751 / ₹137+135%+3.8 pts
Sayaji HotelsHotel owners and chains₹300₹525 crLoss₹365 / ₹250+13.1 pts+14.9 pts

Download all 25 (CSV). "Earnings growth" is earnings per share over the last 12 months against the 12 months before. "vs Nifty 500" is the stock's return minus the Nifty 500's, in percentage points.

Prices and market value as of 6 November 2026. Earnings growth and returns from the weekly scan to 30 October 2026. Updated every weekend

Top 10 hotel stocks in India by market cap

By market value at the 6 November 2026 close, the 5 biggest hotel stocks in India are Indian Hotels Co, ITC Hotels, Leela Palaces Hotels & Resorts, EIH and Chalet Hotels. Indian Hotels Co is the largest at ₹1,24,741 cr. All 10 are numbered below.

  1. Indian Hotels Co: ₹1,24,741 cr | Hotels | P/E 62.0
  2. ITC Hotels: ₹36,751 cr | Hotels | P/E 37.1
  3. Leela Palaces Hotels & Resorts: ₹23,010 cr | Hotels | P/E 49.1
  4. EIH: ₹19,271 cr | Hotels | P/E 26.5
  5. Chalet Hotels: ₹17,754 cr | Hotels | P/E 33.2
  6. Ventive Hospitality: ₹12,624 cr | Hotels | P/E 26.0
  7. Lemon Tree Hotels: ₹9,313 cr | Hotels | P/E 36.4
  8. India Tourism Development Corporation: ₹5,409 cr | Resorts | P/E 65.3
  9. Juniper Hotels: ₹4,629 cr | Hotels | P/E 24.9
  10. Mahindra Holidays & Resorts India: ₹3,999 cr | Resorts | P/E 81.8

Market value at the 6 November 2026 price, updated every weekend. Size only, not a ranking of quality or returns

Key factors for hotel stocks

8 of the 25 hotel stocks here beat the Nifty 500 over 3 months to 30 October 2026. Four weeks earlier it was 8. The lines below give this list's own numbers. Prices and ratios are as of 6 November 2026.

  1. Earnings: 16 of the 23 with results have earnings per share higher than a year earlier
  2. Price against its own history: 5 of the 24 with a long P/E record trade above their own usual P/E at the 6 November 2026 price
  3. Debt: 15 of the 25 non-lenders owe less than half their shareholders' money (debt to equity under 0.5)

These describe the group, not any one company. Each company's own numbers are in the table above.

25 companies on this page. Prices and ratios as of 6 November 2026, returns from the weekly scan to 30 October 2026, results from the latest quarter

Which listed companies own Taj, Oberoi, ITC and Leela hotels?

In their own descriptions, read on 21 October 2026: Oberoi hotels belong to EIH. Taj hotels belong to TajGVK Hotels & Resorts and Oriental Hotels, both linked to Indian Hotels (IHCL). Welcomhotel and Fortune belong to ITC Hotels. The Leela belongs to Leela Palaces Hotels & Resorts. 7 listed hotel companies name their brands.

CompanyBrands, in its own descriptionPriceMarket cap
ITC HotelsITC Hotels, Mementos, Epiq Collection, Storii, Welcomhotel, Fortune and Welcome Heritage₹177₹36,751 cr
Leela Palaces Hotels & ResortsThe Leela₹690₹23,010 cr
EIHOberoi, Trident and Maidens hotels, plus cruisers₹308₹19,271 cr
Lemon Tree HotelsLemon Tree (it calls itself India's largest mid-priced hotel chain)₹118₹9,313 cr
Oriental HotelsTaj, Vivanta and Gateway hotels in the south (an associate of Indian Hotels, IHCL)₹173₹3,086 cr
TajGVK Hotels & ResortsTaj (a joint venture of the GVK Group and Indian Hotels, IHCL)₹326.15₹2,045 cr
EIH Associated HotelsOberoi and Trident (a joint venture of the Oberoi family and the Rajan Raheja Group)₹284.1₹1,731 cr

Indian Hotels (IHCL), the biggest hotel company, does not name its brands in its own description, so it is not in this table. Its two listed associates, TajGVK and Oriental Hotels, say they run Taj hotels.

Brands as each company describes itself on Screener, read on 21 October 2026. Prices as of 6 November 2026, updated every trading day

What are hotel and hospitality stocks?

Hotel stocks are shares of companies that own, run or manage hotels and holiday resorts. The 25 on this page fall into 2 groups. The biggest group is hotel owners and chains, with 24 companies. At the 30 October 2026 scan, 8 of them beat the Nifty 500.

Show the table
GroupCompaniesBeating Nifty 500Biggest
Hotel owners and chains248 of 24Indian Hotels Co, ITC Hotels, Leela Palaces Hotels & Resorts
Holiday resorts and clubs10 of 1Mahindra Holidays & Resorts India

The rule in one line: a company is here when its main business is owning, running or managing hotels and resorts. NSE's industry label is the starting point. Its hotels, hotels and resorts, and resorts industries are counted. Every company added or left out is named below with its reason.

Added from other industries

  • India Tourism Development Corporation: NSE files it under resorts, but its own description says it operates hotels.

Left out on purpose

  • Travel Food Services: runs restaurants and lounges at airports and highways, not hotels, though NSE files it under hotels.
  • Praveg: describes itself first as an advertising, exhibition and event company, though NSE files it under resorts.
  • Travel booking companies such as Thomas Cook and EaseMyTrip book trips and rooms for travellers but do not own or run hotels, so they are not here.

Membership checked every month. Industries follow NSE industry groups

Hotel occupancy and room rates: what each company says

8 of the 25 hotel companies spoke about their rooms, occupancy or room rates on results calls between May 2026 and September 2026. 3 gave an occupancy figure: Lemon Tree Hotels (75.7%), Apeejay Surrendra Park Hotels (92%) and Viceroy Hotels (76.25%). Each sentence is quoted below word for word.

Show the table
CompanyOccupancy, as they said itSaid onWho said it
Leela Palaces Hotels & Resortssee their words31 July 2026Management
Ventive Hospitalitysee their words5 August 2026Ranjit Batra
Lemon Tree Hotels75.7 %10 August 2026Neelendra Singh
Juniper Hotelssee their words21 May 2026Tarun Jaitly
Apeejay Surrendra Park Hotels92 %28 September 2026Vijay Dewan
Brigade Hotel Venturessee their words6 August 2026Rayan Aranha
Viceroy Hotels76.25 %4 August 2026P. V. Krishna Reddy
Kamat Hotelssee their words12 August 2026Milind Wadekar

In their own words

  • Leela Palaces Hotels & Resorts July 2026 call
    "If you look at occupancy and ADR growth at our 2 hotels in Rajasthan, both have performed extremely well, with high double-digit growth, resulting in 24% growth in RevPAR."Management
  • Ventive Hospitality August 2026 call
    "Our occupancy grew to 67%, up about 7% is reflecting very, very strong demand both in Pune, Bengaluru, and Goa."Ranjit Batra
  • Lemon Tree Hotels August 2026 call
    "Our gross ARR stood at Rs. 6,361, up 2% year-on- year and occupancy was 75.7%, up 314 basis points versus last year."Neelendra Singh
  • Juniper Hotels May 2026 call
    "But still, if you look at it from the ARR perspective, ARR in April for our portfolio has grown by 1% to 2%."Tarun Jaitly
  • Apeejay Surrendra Park Hotels September 2026 call
    "Despite the headwinds arising from the West Asia crisis, nearly flat air traffic growth during the quarter, high energy costs, and supply chain disruptions, we retained our leadership position in India with occupancy of 92% and maintained our leadership in RevPAR and the upscale segment."Vijay Dewan
  • Brigade Hotel Ventures August 2026 call
    "We had a growth in ARR of about 3% for our Bangalore hotels and there was an increase in occupancy of 8%which gave us a combined RevPAR growth of 10% in our Bangalore hotels."Rayan Aranha
  • Viceroy Hotels August 2026 call
    "Coming to our operating metrics, combined occupancy across the Marriott and Courtyard hotels, it had improved to 76.25% in Q1 FY27 from 53.65% in corresponding quarter."P. V. Krishna Reddy
  • Kamat Hotels August 2026 call
    "Now, if you look at RevPAR at portfolio level, RevPAR for our two brands that is Orchid and Lotus grew 18% and 17% respectively in Q1 FY27."Milind Wadekar

Occupancy is the share of rooms that were sold. Room rate (ARR or ADR) is the average price of a room for a night, and RevPAR is room income for each room the hotel has, sold or not. These are the companies' own figures and are not checked against their filings here. Where a company's newest call does not mention it, the sentence comes from an earlier call, and the date shows which. 17 companies have no occupancy and room rates sentence here, either because none is on record or because the one on record did not pass the word-for-word check. Among them are Indian Hotels Co, ITC Hotels and EIH.

From each company's most recent call on record that mentions its occupancy and room rates, copied word for word. Checked every month

Why are hotel stocks rising or falling?

11 of the 25 hotel stocks were behind the Nifty 500 over 3 months to 30 October 2026. The furthest behind are Advent Hotels International (−11.8 points) and Apeejay Surrendra Park Hotels (−11.3 points). 5 of the 24 with a P/E history traded above their own usual P/E at the 6 November 2026 price.

The 10 furthest behind the Nifty 500

  • Advent Hotels International −11.8 points against the Nifty 500 in 3 months. Earnings per share fell 100.0% in the last 12 months.
  • Apeejay Surrendra Park Hotels −11.3 points against the Nifty 500 in 3 months. Earnings per share fell 36% in the last 12 months. Next to check, from the September 2026 call: first hotel-opening phase.
  • Mahindra Holidays & Resorts India −10.6 points against the Nifty 500 in 3 months. Earnings per share fell 59% in the last 12 months. Next to check, from the October 2026 call: shutdown rooms returning in third and fourth quarters to lift occupancy and resort revenue.
  • TajGVK Hotels & Resorts −9.0 points against the Nifty 500 in 3 months. Earnings per share up 230% in the last 12 months.
  • India Tourism Development Corporation −8.2 points against the Nifty 500 in 3 months. Earnings per share up 3% in the last 12 months.
  • Samhi Hotels −8.2 points against the Nifty 500 in 3 months. Earnings per share grew 4 times or more in the last 12 months. Next to check, from the August 2026 call: rate growth to persist beyond July's initial improvement.
  • Ventive Hospitality −7.2 points against the Nifty 500 in 3 months. Earnings per share grew 4 times or more in the last 12 months.
  • Royal Orchid Hotels −6.0 points against the Nifty 500 in 3 months. Earnings per share fell 44% in the last 12 months.
  • EIH −4.8 points against the Nifty 500 in 3 months. Earnings per share up 5% in the last 12 months.
  • Brigade Hotel Ventures −3.5 points against the Nifty 500 in 3 months. Earnings per share up 78% in the last 12 months. Next to check, from the October 2026 call: Courtyard Chennai opening inside flagged second-half window.

This page does not track prices during the day. For today's moves, see the exchange.

Weekly data to 30 October 2026. Reasons from company calls and the industry research, refreshed every month

How is each hotel stock valued against its own history?

At the 6 November 2026 price, 5 of the 24 hotel stocks with a P/E history trade above their own usual P/E and 19 below. The furthest below their own history are Samhi Hotels (-71%), Juniper Hotels (-63%) and Advent Hotels International (-60%). Usual means each company's own long-run median.

Show the table
hotel stocks with a valuation record
CompanyMeasureNowUsualGapEarnings growth, 12 months
Asian Hotels (North)P/EP/E109.0478.4-77%
Samhi HotelsP/EP/E8.931.1-71%4 times or more
Juniper HotelsP/EP/E24.967.5-63%+142%
Advent Hotels InternationalP/EP/E13.233.4-60%-100.0%
Chalet HotelsP/EP/E33.271.7-54%+85%
TajGVK Hotels & ResortsP/EP/E14.229.2-51%+230%
Lemon Tree HotelsP/EP/E36.472.4-50%+9%
EIHP/EP/E26.546.3-43%+5%
Ventive HospitalityP/EP/E26.045.6-43%4 times or more
Brigade Hotel VenturesP/EP/E27.045.8-41%+78%
EIH Associated HotelsP/EP/E19.325.9-25%-7%
India Tourism Development CorporationP/EP/E65.386.1-24%+3%
ITC HotelsP/EP/E37.145.4-18%+78%
U P HotelsP/EP/E21.926.5-17%+19%
Asian Hotels (West)P/EP/E6.57.8-17%+135%
Oriental HotelsP/EP/E45.253.1-15%+36%
Apeejay Surrendra Park HotelsP/EP/E34.539.8-13%-36%
Kamat HotelsP/EP/E15.416.1-4%-18%
Indian Hotels CoP/EP/E62.064.1-3%+31%
Viceroy HotelsP/EP/E50.647.8+6%-69%
Benares HotelsP/EP/E29.727.4+9%+3%
Leela Palaces Hotels & ResortsP/EP/E49.143.7+12%+88%
Royal Orchid HotelsP/EP/E29.724.2+23%-44%
Mahindra Holidays & Resorts IndiaP/EP/E81.848.3+69%-59%

"Usual" = each company's own long-run median. Now = at the 6 November 2026 price, usual from our weekly valuation record, no price targets

Is there a hotel stock index in India?

NSE has no hotel stock index. Of the 25 hotel stocks here, none is in the Nifty 50 and 4 are in the Nifty 500, read from NSE's own member files on 1 November 2026. The biggest of those are Indian Hotels Co, ITC Hotels and EIH.

Show the table
CompanyGroupIn Nifty 50In Nifty 500Market cap3M vs Nifty 500
Indian Hotels CoHotel owners and chainsHotel owners and chainsNoYes₹1,24,741 cr+17.6 pts
ITC HotelsHotel owners and chainsHotel owners and chainsNoYes₹36,751 cr+10.6 pts
EIHHotel owners and chainsHotel owners and chainsNoYes₹19,271 cr−4.8 pts
Lemon Tree HotelsHotel owners and chainsHotel owners and chainsNoYes₹9,313 cr+7.6 pts

NSE's own member files, read on 1 November 2026. Checked every week

Small cap and penny hotel stocks

1 of the 25 hotel stocks trade under ₹100 a share: Brigade Hotel Ventures (₹56.2). By size, 1 is large cap, 1 is mid cap and 23 are small cap. Size ranks every company we score by market value, with prices as of 6 November 2026.

Show the table

Hotel stocks under ₹100

CompanyPriceMarket capEarnings growth, 12 monthsDebt to equity
Brigade Hotel Ventures₹56.2₹2,138 cr+78%0.38

A low share price says nothing about how big the company is. Market cap shows the size.

Large cap hotel stocks (1)
CompanyMarket capPriceBeating Nifty 500
Indian Hotels Co₹1,24,741 cr₹875Yes
Mid cap hotel stocks (1)
CompanyMarket capPriceBeating Nifty 500
ITC Hotels₹36,751 cr₹177No
Small cap hotel stocks (23)
CompanyMarket capPriceBeating Nifty 500
Leela Palaces Hotels & Resorts₹23,010 cr₹690Yes
EIH₹19,271 cr₹308No
Chalet Hotels₹17,754 cr₹810.7Yes
Ventive Hospitality₹12,624 cr₹540.55No
Lemon Tree Hotels₹9,313 cr₹118No
India Tourism Development Corporation₹5,409 cr₹630.65No
Juniper Hotels₹4,629 cr₹208.05No
Mahindra Holidays & Resorts India₹3,999 cr₹197.86No
Samhi Hotels₹3,743 cr₹168.36No
Oriental Hotels₹3,086 cr₹173Yes
Apeejay Surrendra Park Hotels₹2,219 cr₹103.97No
Brigade Hotel Ventures₹2,138 cr₹56.2No
TajGVK Hotels & Resorts₹2,045 cr₹326.15No
EIH Associated Hotels₹1,731 cr₹284.1No
Asian Hotels (North)₹1,326 cr₹311.05No
Benares Hotels₹1,324 cr₹10,182Yes
Viceroy Hotels₹1,154 cr₹144.3Yes
U P Hotels₹792 cr₹1,500Yes
Royal Orchid Hotels₹792 cr₹288.7No
Kamat Hotels₹649 cr₹219.95No
Advent Hotels International₹640 cr₹118.66No
Asian Hotels (West)₹584 cr₹501.3No
Sayaji Hotels₹525 cr₹300Yes

Size = rank by market value across every company we score: the top 100 are large cap, the next 150 mid cap, the rest small cap. Updated every weekend

Which hotel stocks pay dividends?

The highest dividend yields among hotel stocks are EIH Associated Hotels (1.2%), Royal Orchid Hotels (0.9%) and Apeejay Surrendra Park Hotels (0.7%). 11 of the 25 paid a dividend in the last year. Yields use last year's dividend and the 6 November 2026 price, so they move as the price moves.

Show the table
CompanyDividend yieldPriceMarket cap
EIH Associated Hotels1.2%₹284.1₹1,731 cr
Royal Orchid Hotels0.9%₹288.7₹792 cr
Apeejay Surrendra Park Hotels0.7%₹103.97₹2,219 cr
TajGVK Hotels & Resorts0.6%₹326.15₹2,045 cr
ITC Hotels0.6%₹177₹36,751 cr
EIH0.5%₹308₹19,271 cr
India Tourism Development Corporation0.5%₹630.65₹5,409 cr
Oriental Hotels0.4%₹173₹3,086 cr
Indian Hotels Co0.4%₹875₹1,24,741 cr
Benares Hotels0.3%₹10,182₹1,324 cr
Chalet Hotels0.2%₹810.7₹17,754 cr

Yield = last year's dividend divided by today's price. It moves with the price. Updated every weekend

What is changing for hotel stocks?

The industry research run of 10 October 2026 did not cover hotels, so no written outlook is shown yet. At the 30 October 2026 scan, 8 of the 25 hotel stocks pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Industry research is refreshed every two weeks

Which are the biggest Hotel stocks in India?

The largest Hotel stocks in India by market value are Indian Hotels Co (₹1.27 lakh crore), ITC Hotels (₹36,310 crore) and Leela Palaces Hotels & Resorts (₹23,095 crore), at prices of 6 Nov 2026.

The other 14 Hotel companies are in the full list below.

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

Which are the Hotel stocks, ranked?

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

Show the list
  1. 1Asian Hotels (West) LtdAHLWEST · ₹606 cr68.2of 100favourable · strongest on ROCE improvement and profit growth
  2. 2Indian Hotels Co LtdINDHOTEL · ₹1.2 lakh cr66.9of 100favourable · strongest on relative strength versus sector and ROCE
  3. 3TajGVK Hotels & Resorts LtdTAJGVK · ₹1,900 cr65.2of 100favourable · strongest on ROCE improvement and PEG
  4. 4Oriental Hotels LtdORIENTHOT · ₹3,090 cr64.7of 100mixed, leaning good · strongest on relative strength versus sector and PEG
  5. 5Leela Palaces Hotels & Resorts LtdTHELEELA · ₹23,000 cr60.8of 100mixed, leaning good · strongest on relative strength versus sector and revenue growth
  6. 6ITC Hotels LtdITCHOTELS · ₹36,800 cr54.9of 100mixed, leaning good · strongest on margin improvement and revenue growth
  7. 7Viceroy Hotels LtdVHLTD · ₹1,140 cr53.8of 100mixed, leaning good · strongest on margin improvement and revenue growth
  8. 8Lemon Tree Hotels LtdLEMONTREE · ₹9,310 cr52.0of 100provisional · strongest on operating margin and profitable quarters
  9. 9Travel Food Services LtdTRAVELFOOD · ₹15,200 cr51.5of 100mixed, leaning good · strongest on ROCE and operating margin
  10. 10Kamat Hotels (India) LtdKAMATHOTEL · ₹647 cr50.6of 100mixed, leaning good · strongest on margin improvement and relative strength versus the benchmark

Is there a Nifty Hotel index, and what is in it?

The largest 15 of 24 listed Indian Hotels companies are named here; all 24 are ranked in the scorecard. This is the set of companies people mean when they search for a Nifty Hotels index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

  1. Indian Hotels Co Ltd₹1.2 lakh cr
  2. ITC Hotels Ltd₹36,800 cr
  3. Leela Palaces Hotels & Resorts Ltd₹23,000 cr
  4. EIH Ltd₹19,300 cr
  5. Chalet Hotels Ltd₹17,600 cr
  6. Travel Food Services Ltd₹15,200 cr
  7. Ventive Hospitality Ltd₹12,400 cr
  8. Lemon Tree Hotels Ltd₹9,310 cr
  9. Juniper Hotels Ltd₹4,360 cr
  10. Samhi Hotels Ltd₹3,360 cr
  11. Oriental Hotels Ltd₹3,090 cr
  12. Apeejay Surrendra Park Hotels Ltd₹2,120 cr
  13. TajGVK Hotels & Resorts Ltd₹1,900 cr
  14. EIH Associated Hotels Ltd₹1,690 cr
  15. Asian Hotels (North) Ltd₹1,330 cr

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

How many Hotel companies are listed in India?

24 Hotel companies in the Hotels industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 24 are listed below, largest first. The largest is Indian Hotels Co (₹1.25 lakh crore) and the smallest with a market value is HLV.

Show the table
Every Hotels company with a page, largest first
CompanyMarket value
1. Indian Hotels Co Ltd INDHOTEL₹1.25 lakh crore
2. ITC Hotels Ltd ITCHOTELS₹36,751 crore
3. Leela Palaces Hotels & Resorts Ltd THELEELA₹23,010 crore
4. EIH Ltd EIHOTEL₹19,271 crore
5. Chalet Hotels Ltd CHALET₹17,643 crore
6. Travel Food Services Ltd TRAVELFOOD₹15,180 crore
7. Ventive Hospitality Ltd VENTIVE₹12,414 crore
8. Lemon Tree Hotels Ltd LEMONTREE₹9,313 crore
9. Juniper Hotels Ltd JUNIPER₹4,364 crore
10. Samhi Hotels Ltd SAMHI₹3,363 crore
11. Oriental Hotels Ltd ORIENTHOT₹3,086 crore
12. Apeejay Surrendra Park Hotels Ltd PARKHOTELS₹2,117 crore
13. TajGVK Hotels & Resorts Ltd TAJGVK₹1,897 crore
14. EIH Associated Hotels Ltd EIHAHOTELS₹1,693 crore
15. Asian Hotels (North) Ltd ASIANHOTNR₹1,326 crore
16. Benares Hotels Ltd BENARAS₹1,326 crore
17. Viceroy Hotels Ltd VHLTD₹1,135 crore
18. U P Hotels Ltd UPHOT₹794 crore
19. Royal Orchid Hotels Ltd ROHLTD₹738 crore
20. Kamat Hotels (India) Ltd KAMATHOTEL₹647 crore
21. Advent Hotels International Ltd ADVENTHTL₹641 crore
22. Asian Hotels (West) Ltd AHLWEST₹606 crore
23. Sayaji Hotels Ltd SAYAJIHOTL₹536 crore
24. HLV Ltd HLVLTD₹473 crore

Download all 24 Hotel companies (CSV)

How have Hotel stocks 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 last two years (104 weeks) this sector is 11% ahead of NIFTY 500. Earnings across its companies grew 17% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 13 weeks running.

Show the table and chart
Breaking out · ahead 13w Moving with the index

8 of the 23 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 3 are 20% or more behind over a year while earnings grew 20% or more.

Ahead of NIFTY 500 on the three-month view for 13 weeks running; 11 of the 23 companies in the industry index above their 200-day average (no change from four weeks earlier); 8 of those 23 pass the momentum test (1 more than four weeks earlier); earnings rising at 17 of the 23 that report earnings.

Ahead of NIFTY 500 for 13 weeks running, participation still rising at 7 → 8 of 23. Earnings confirming, 17 of 23 members have higher trailing twelve-month earnings than a year ago.

1Y

Hotels against NIFTY 500

Both lines start at 200 in the first week shown

  • Hotel 201
  • NIFTY 500 183
Hotels against NIFTY 500
Week endingHotelNIFTY 500
14 Nov 2025200200
21 Nov 2025197200
28 Nov 2025198198
5 Dec 2025193196
12 Dec 2025193197
19 Dec 2025192200
26 Dec 2025197200
2 Jan 2026197201
9 Jan 2026193196
16 Jan 2026191190
23 Jan 2026178193
30 Jan 2026182196
6 Feb 2026185195
13 Feb 2026184196
20 Feb 2026182194
27 Feb 2026180188
6 Mar 2026174179
13 Mar 2026166178
20 Mar 2026165176
27 Mar 2026159175
3 Apr 2026163187
10 Apr 2026174191
17 Apr 2026179189
24 Apr 2026179190
1 May 2026180193
8 May 2026187189
15 May 2026182190
22 May 2026183190
29 May 2026184188
5 Jun 2026183189
12 Jun 2026182194
19 Jun 2026193193
26 Jun 2026195195
3 Jul 2026196195
10 Jul 2026197195
17 Jul 2026193192
24 Jul 2026192196
31 Jul 2026191198
7 Aug 2026194197
14 Aug 2026190197
21 Aug 2026192197
28 Aug 2026193195
4 Sep 2026194191
11 Sep 2026193191
18 Sep 2026196189
25 Sep 2026194183
2 Oct 2026192183
9 Oct 2026192186
16 Oct 2026196186
23 Oct 2026187179
30 Oct 2026190183
6 Nov 2026201183

3Y

Hotels against NIFTY 500

Both lines start at 200 in the first week shown, every 2nd week shown

  • Hotel 341
  • NIFTY 500 248
Hotels against NIFTY 500
Week endingHotelNIFTY 500
17 Nov 2023200200
24 Nov 2023201203
8 Dec 2023216213
22 Dec 2023221219
5 Jan 2024235221
19 Jan 2024252221
2 Feb 2024266228
16 Feb 2024270228
1 Mar 2024281231
15 Mar 2024258223
29 Mar 2024270234
12 Apr 2024303232
26 Apr 2024305238
10 May 2024298235
24 May 2024297241
7 Jun 2024295249
21 Jun 2024309255
5 Jul 2024317261
19 Jul 2024301260
2 Aug 2024315259
16 Aug 2024296265
30 Aug 2024309269
13 Sep 2024310271
27 Sep 2024310275
11 Oct 2024313269
25 Oct 2024288258
8 Nov 2024308249
22 Nov 2024302257
6 Dec 2024335265
20 Dec 2024334254
3 Jan 2025359252
17 Jan 2025340243
31 Jan 2025332247
14 Feb 2025313235
28 Feb 2025307230
14 Mar 2025323237
28 Mar 2025328241
11 Apr 2025327243
25 Apr 2025342250
9 May 2025316255
23 May 2025347258
6 Jun 2025347265
20 Jun 2025337264
4 Jul 2025343267
18 Jul 2025366266
1 Aug 2025345257
15 Aug 2025346263
29 Aug 2025358259
12 Sep 2025367266
26 Sep 2025356260
10 Oct 2025357265
24 Oct 2025354272
7 Nov 2025346270
21 Nov 2025333272
5 Dec 2025327266
19 Dec 2025325271
2 Jan 2026334272
16 Jan 2026323258
30 Jan 2026307266
13 Feb 2026311265
27 Feb 2026305255
13 Mar 2026282242
27 Mar 2026270238
10 Apr 2026295259
24 Apr 2026302257
8 May 2026317256
22 May 2026310257
5 Jun 2026310256
19 Jun 2026327262
3 Jul 2026331265
17 Jul 2026327260
31 Jul 2026324269
14 Aug 2026322267
28 Aug 2026327264
11 Sep 2026327259
25 Sep 2026329248
9 Oct 2026325253
23 Oct 2026316243
6 Nov 2026341248

5Y

Hotels against NIFTY 500

Both lines start at 200 in the first week shown, every 4th week shown

  • Hotel 780
  • NIFTY 500 291
Hotels against NIFTY 500
Week endingHotelNIFTY 500
19 Nov 2021200200
10 Dec 2021192199
7 Jan 2022198208
4 Feb 2022211200
4 Mar 2022200186
1 Apr 2022232204
29 Apr 2022249191
27 May 2022216187
24 Jun 2022209178
22 Jul 2022228190
19 Aug 2022248201
16 Sep 2022290204
14 Oct 2022294200
11 Nov 2022290208
9 Dec 2022304212
6 Jan 2023287203
3 Feb 2023294200
3 Mar 2023298198
31 Mar 2023315196
28 Apr 2023356203
26 May 2023386210
23 Jun 2023394216
21 Jul 2023411226
18 Aug 2023401225
15 Sep 2023435232
13 Oct 2023451231
10 Nov 2023457233
8 Dec 2023494249
5 Jan 2024537259
2 Feb 2024610267
1 Mar 2024644271
29 Mar 2024619274
26 Apr 2024699279
24 May 2024680283
21 Jun 2024708298
19 Jul 2024690305
16 Aug 2024678311
13 Sep 2024710318
11 Oct 2024716315
8 Nov 2024706291
6 Dec 2024767310
3 Jan 2025822296
31 Jan 2025761290
28 Feb 2025702269
28 Mar 2025752283
25 Apr 2025784293
23 May 2025794303
20 Jun 2025772310
18 Jul 2025838311
15 Aug 2025792308
12 Sep 2025840312
10 Oct 2025818311
7 Nov 2025791317
5 Dec 2025748311
2 Jan 2026764319
30 Jan 2026703311
27 Feb 2026698299
27 Mar 2026618278
24 Apr 2026692302
22 May 2026709301
19 Jun 2026749307
17 Jul 2026749305
14 Aug 2026737313
11 Sep 2026749304
9 Oct 2026744296
6 Nov 2026780291

Earnings, each company rebased to 100, the sector takes the median

Latest quarter July to September 2026: 247.9, from 6 companies

Earnings, each company rebased to 100, the sector takes the median
QuarterMedian earnings index
Jul 2022100.0 (5 companies)
Oct 2022120.4 (6 companies)
Jan 2023151.8 (6 companies)
Apr 2023150.8 (6 companies)
Jul 2023100.0 (10 companies)
Oct 2023117.4 (10 companies)
Jan 2024137.9 (10 companies)
Apr 2024116.6 (11 companies)
Jul 2024138.2 (12 companies)
Oct 2024139.6 (12 companies)
Jan 2025142.9 (13 companies)
Apr 2025155.2 (15 companies)
Jul 2025156.8 (15 companies)
Oct 2025168.5 (15 companies)
Jan 2026188.9 (15 companies)
Apr 2026194.5 (15 companies)
Jul 2026247.9 (6 companies)

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 23 of its 24 companies (the 1 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 set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Are Hotel stocks outperforming NIFTY 500?

Hotels has done worse than the NIFTY 500 by 5.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 7.6%. Oriental Hotels Ltd is the strongest against the sector itself at +37.9%. Readings are as of 30 October 2026.

+7.6%Sector vs NIFTY 500 · 13 weeks
−5.6%Sector vs NIFTY 500 · 52 weeks
8 of 24Stocks leading NIFTY 500
4 of 24Stocks leading the sector

Relative-strength score for the industry: 23.8 as of 30 October 2026 (narrowing, rising).

What is the bottom line on Hotel stocks?

Hotels has done worse than the NIFTY 500 by 5.6% over 52 weeks, but is 7.6% ahead over the last 13 weeks. 8 of 24 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (2 have no relative-strength reading yet), and 4 of the 11 with a long enough price history are ahead of the industry itself.

How does each Hotel stock score?

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Show the list
Growth & earnings · 35% Capital efficiency · 25% Valuation · 20% Relative strength · 20%

Asian Hotels (West) Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 63.6% evidence confidence.

EIH Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

  1. 1Asian Hotels (West) LtdAHLWEST · turning · favourable · 64% evidence68.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.3/35 · Revenue 8.5% · PAT 100% · OPM change 2 pp · 88% evidenceCapital efficiency 19.3/25 · ROCE 19.7% · OPM 40% · 100% evidenceValuation 11.4/20 · P/E 6.7× · PEG — · 15% evidenceRelative strength 12.2/20 · RS sector — · RS bench 34.1% · 1Y — · 25% evidence · 0 of 12 weeks aheadExact sum: 25.3 + 19.3 + 11.4 + 12.2 = 68.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2Indian Hotels Co LtdINDHOTEL · turning · favourable · 82% evidence66.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.4/35 · Revenue 15.4% · PAT 28.6% · OPM change 0 pp · 95% evidenceCapital efficiency 17.1/25 · ROCE 17.1% · OPM 28% · 76% evidenceValuation 10.2/20 · P/E 62× · PEG — · 50% evidenceRelative strength 17.2/20 · RS sector 16.2% · RS bench 22.1% · 1Y 9.4% · 100% evidence · 8 of 12 weeks aheadExact sum: 22.4 + 17.1 + 10.2 + 17.2 = 66.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3TajGVK Hotels & Resorts LtdTAJGVK · quiet · favourable · 74% evidence65.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 28.4/35 · Revenue 22.5% · PAT 100% · OPM change 0 pp · 88% evidenceCapital efficiency 13.4/25 · ROCE 13.3% · OPM 30% · 100% evidenceValuation 15.3/20 · P/E 13.2× · PEG 0.85 · 65% evidenceRelative strength 8.1/20 · RS sector — · RS bench −9.1% · 1Y −28% · 25% evidence · 2 of 12 weeks aheadExact sum: 28.4 + 13.4 + 15.3 + 8.1 = 65.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Oriental Hotels LtdORIENTHOT · leader · mixed, leaning good · 93% evidence64.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.7/35 · Revenue 6.8% · PAT 36% · OPM change −0.8 pp · 100% evidenceCapital efficiency 14.1/25 · ROCE 12.1% · OPM 23% · 100% evidenceValuation 12.9/20 · P/E 45.2× · PEG 0.88 · 65% evidenceRelative strength 20.0/20 · RS sector 37.9% · RS bench 44.5% · 1Y 30.4% · 100% evidence · 12 of 12 weeks aheadExact sum: 17.7 + 14.1 + 12.9 + 20 = 64.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Leela Palaces Hotels & Resorts LtdTHELEELA · leader · mixed, leaning good · 93% evidence60.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.4/35 · Revenue 23.5% · PAT 80.5% · OPM change −1 pp · 100% evidenceCapital efficiency 10.3/25 · ROCE 8.7% · OPM 43% · 100% evidenceValuation 8.2/20 · P/E 49.1× · PEG 1.97 · 65% evidenceRelative strength 18.9/20 · RS sector 35.4% · RS bench 42.1% · 1Y 46.2% · 100% evidence · 12 of 12 weeks aheadExact sum: 23.4 + 10.3 + 8.2 + 18.9 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6ITC Hotels LtdITCHOTELS · turning · mixed, leaning good · 93% evidence54.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.7/35 · Revenue 19.9% · PAT 26.7% · OPM change 3 pp · 100% evidenceCapital efficiency 11.4/25 · ROCE 11.2% · OPM 32% · 100% evidenceValuation 7.3/20 · P/E 37.1× · PEG 2.12 · 65% evidenceRelative strength 12.5/20 · RS sector −2.5% · RS bench 2.4% · 1Y −22.9% · 100% evidence · 2 of 12 weeks aheadExact sum: 23.7 + 11.4 + 7.3 + 12.5 = 54.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Viceroy Hotels LtdVHLTD · breaking out · mixed, leaning good · 78% evidence53.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.5/35 · Revenue 24.4% · PAT −69.2% · OPM change 10.8 pp · 65% evidenceCapital efficiency 6.7/25 · ROCE 7.1% · OPM 25.6% · 100% evidenceValuation 8.5/20 · P/E 49.8× · PEG — · 50% evidenceRelative strength 16.1/20 · RS sector 10.2% · RS bench 15.7% · 1Y 18.7% · 100% evidence · 6 of 12 weeks aheadExact sum: 22.5 + 6.7 + 8.5 + 16.1 = 53.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8Lemon Tree Hotels LtdLEMONTREE · turning · provisional · 56% evidence52.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.7/35 · Revenue 10.4% · PAT 9.6% · OPM change −1 pp · 83% evidenceCapital efficiency 16.5/25 · ROCE 14.1% · OPM 43% · 76% evidenceValuation 9.4/20 · P/E 36.4× · PEG — · 15% evidenceRelative strength 8.4/20 · RS sector — · RS bench −5.8% · 1Y −33.9% · 25% evidence · 2 of 12 weeks aheadExact sum: 17.7 + 16.5 + 9.4 + 8.4 = 52 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  9. 9Travel Food Services LtdTRAVELFOOD · quiet · mixed, leaning good · 71% evidence51.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.5/35 · Revenue 4.4% · PAT 17.4% · OPM change −3 pp · 83% evidenceCapital efficiency 21.4/25 · ROCE 42.4% · OPM 36% · 76% evidenceValuation 9.8/20 · P/E 31.9× · PEG — · 15% evidenceRelative strength 4.8/20 · RS sector −7.3% · RS bench −2.5% · 1Y −12.6% · 100% evidence · 2 of 12 weeks aheadExact sum: 15.5 + 21.4 + 9.8 + 4.8 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10Kamat Hotels (India) LtdKAMATHOTEL · breaking out · mixed, leaning good · 71% evidence50.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 13.7/35 · Revenue 7.6% · PAT −11.5% · OPM change 5.3 pp · 88% evidenceCapital efficiency 15.6/25 · ROCE 15.8% · OPM 27.2% · 100% evidenceValuation 9.6/20 · P/E 15.4× · PEG — · 50% evidenceRelative strength 11.7/20 · RS sector — · RS bench 14.7% · 1Y −24.6% · 25% evidence · 12 of 12 weeks aheadExact sum: 13.7 + 15.6 + 9.6 + 11.7 = 50.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11Juniper Hotels LtdJUNIPER · breaking out · mixed, leaning weak · 93% evidence49.5out of 100GrowthCapitalValuationRelative
  12. 12U P Hotels LtdUPHOT · breaking out · mixed, leaning weak · 76% evidence48.9out of 100GrowthCapitalValuationRelative
  13. 13Benares Hotels LtdBENARAS · breaking out · mixed, leaning weak · 85% evidence48.6out of 100GrowthCapitalValuationRelative
  14. 14EIH LtdEIHOTEL · quiet · mixed, leaning weak · 78% evidence47.7out of 100GrowthCapitalValuationRelative
  15. 15Advent Hotels International LtdADVENTHTL · quiet · provisional · 51% evidence45.6out of 100GrowthCapitalValuationRelative
  16. 16Samhi Hotels LtdSAMHI · quiet · mixed, leaning weak · 79% evidence45.4out of 100GrowthCapitalValuationRelative
  17. 17Royal Orchid Hotels LtdROHLTD · quiet · mixed, leaning weak · 81% evidence45.1out of 100GrowthCapitalValuationRelative
  18. 18Ventive Hospitality LtdVENTIVE · quiet · mixed, leaning weak · 71% evidence44.5out of 100GrowthCapitalValuationRelative
  19. 19Chalet Hotels LtdCHALET · breaking out · mixed, leaning weak · 78% evidence44.0out of 100GrowthCapitalValuationRelative
  20. 20Sayaji Hotels LtdSAYAJIHOTL · leader · provisional · 56% evidence43.9out of 100GrowthCapitalValuationRelative
  21. 21EIH Associated Hotels LtdEIHAHOTELS · basing · mixed, leaning weak · 96% evidence41.0out of 100GrowthCapitalValuationRelative
  22. 22Apeejay Surrendra Park Hotels LtdPARKHOTELS · quiet · mixed, leaning weak · 81% evidence35.3out of 100GrowthCapitalValuationRelative
  23. 23Asian Hotels (North) LtdASIANHOTNR · breaking out · provisional · 56% evidence34.9out of 100GrowthCapitalValuationRelative

Ranked last: too little evidence (1 company)

Under 60% of the evidence behind this score is available, so it ranks after every company above, whatever the score.

  1. 24HLV LtdHLVLTD · provisional · 48% evidence39.7out of 100GrowthCapitalValuationRelative
How this score is built, and what the marks mean

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

How have Hotel share prices moved?

Leela Palaces Hotels & Resorts Ltd has the strongest one-year price move in Hotels at +46.2%. Oriental Hotels Ltd leads on relative strength against the NIFTY, at +44.5%. 12 of 24 companies we track are ahead of the index on that measure (2 have no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Show the table and chart

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Hotels itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

1Y

Price of the 5 strongest one-year movers, each started at 100

52 weekly closes

  • Leela Palaces Hotels 145
  • Oriental Hotels 133
  • Viceroy Hotels 123
  • Indian Hotels Co 117
  • Benares Hotels 109
  • NIFTY 500 92
Price of the 5 strongest one-year movers, each started at 100
Week endingLeela Palaces HotelsOriental HotelsViceroy HotelsIndian Hotels CoBenares HotelsNIFTY 500
7 Nov 2025100100100100100100
14 Nov 202598101101104100100
21 Nov 20259695100106100101
28 Nov 20259496106108100100
5 Dec 2025919310110610098
12 Dec 2025918810510610099
19 Dec 20259483108106102100
26 Dec 202510084119107103100
2 Jan 202610289114108102101
9 Jan 2026989611510010299
16 Jan 2026101951119910395
23 Jan 202694841169310297
30 Jan 202697841139610298
6 Feb 202699871119910298
13 Feb 20261028511710110298
20 Feb 2026100831139810297
27 Feb 2026104841199710294
6 Mar 202699771219010290
13 Mar 2026997111388–90
20 Mar 2026927611789–88
27 Mar 2026937111386–88
3 Apr 2026957411384–94
10 Apr 2026988111493–96
17 Apr 2026988111295–95
24 Apr 2026987911292–95
1 May 2026988211492–97
8 May 2026978911297–95
15 May 2026958310895–95
22 May 2026958211194–95
29 May 2026957911495–94
5 Jun 2026968411495–95
12 Jun 2026988911198–97
19 Jun 2026113100114105–97
26 Jun 2026111115104104–98
3 Jul 202610911510710511198
10 Jul 202611511010410911198
17 Jul 202611110410610511096
24 Jul 202610911110710510998
31 Jul 2026113109109107110100
7 Aug 202611910510110610999
14 Aug 202611710210210410999
21 Aug 202612911410410610999
28 Aug 202612711310210210998
4 Sep 202612711510210410996
11 Sep 202612411710310411996
18 Sep 202612411810910611295
25 Sep 202612511610910511092
2 Oct 202613011511110411092
9 Oct 202613511512410410993
16 Oct 202614112513511211293
23 Oct 202613212511811311090
30 Oct 202614513312311710992
A break or a faint dotted stretch in a line is a week with no recorded close: Benares Hotels, 13 Mar 2026 to 26 Jun 2026.

3Y

Price of the 5 strongest one-year movers, each started at 100

156 weekly closes, every 2nd shown

  • Leela Palaces Hotels 147
  • Oriental Hotels 154
  • Viceroy Hotels 363
  • Indian Hotels Co 197
  • Benares Hotels 158
  • NIFTY 500 125
Price of the 5 strongest one-year movers, each started at 100
Week endingLeela Palaces HotelsOriental HotelsViceroy HotelsIndian Hotels CoBenares HotelsNIFTY 500
10 Nov 2023–100–100100100
17 Nov 2023–101–100104101
1 Dec 2023–110–104108107
15 Dec 2023–118–107135107
29 Dec 2023–117–107139111
12 Jan 2024–122–112151111
26 Jan 2024–116–115150113
9 Feb 2024–126–130145114
23 Feb 2024–132–145145114
8 Mar 2024–124–143142112
22 Mar 2024–112–135135115
5 Apr 2024–129100149143120
19 Apr 2024–128–145139118
3 May 2024–143134139147118
17 May 2024–139147139140121
31 May 2024–126162136134120
14 Jun 2024–137217149139127
28 Jun 2024–131239152134131
12 Jul 2024–131264144134133
26 Jul 2024–137291157124134
9 Aug 2024–130257150120130
23 Aug 2024–136259156122135
6 Sep 2024–148254160123134
20 Sep 2024–160293171125139
4 Oct 2024–167280161125135
18 Oct 2024–164289167140131
1 Nov 2024–175279167130132
15 Nov 2024–165305180124126
29 Nov 2024–174311193125132
13 Dec 2024–183295208133131
27 Dec 2024–168298209128128
10 Jan 2025–161263196126123
24 Jan 2025–153283190154121
7 Feb 2025–133286193175119
21 Feb 2025–134279184186117
7 Mar 2025–143282181185116
21 Mar 2025–143286201172122
4 Apr 2025–135276194173116
18 Apr 2025–142280205171127
2 May 2025–140281195164126
16 May 2025–147273186153130
30 May 2025–141258187153130
13 Jun 202593146239179154131
27 Jun 202595143240187154135
11 Jul 2025101139233179154134
25 Jul 2025103140252181150132
8 Aug 2025101132246179144130
22 Aug 202597134283192145130
5 Sep 202595134278188145132
19 Sep 202597132286189148132
3 Oct 2025100131285176148132
17 Oct 2025102122305179147136
31 Oct 2025100118305180145135
14 Nov 202599117297175145137
28 Nov 202595111312181145136
12 Dec 202592102311179145134
26 Dec 202510198350180148136
9 Jan 202699111339169147134
23 Jan 20269497342157147132
6 Feb 2026100101327166148133
20 Feb 202610196333164147132
6 Mar 202610089357152148122
20 Mar 20269288344150–120
3 Apr 20269686333142–128
17 Apr 20269994330160–129
1 May 20269995336155–132
15 May 20269697318160–129
29 May 20269691335159–128
12 Jun 202699104328165–132
26 Jun 2026112133307175–133
10 Jul 2026116128308183161133
24 Jul 2026110129316177158134
7 Aug 2026120122299178158135
21 Aug 2026130133306178158134
4 Sep 2026128134302175158131
18 Sep 2026125137323178162129
2 Oct 2026132134326175159125
16 Oct 2026143145399188161127
30 Oct 2026147154363197158125
A break or a faint dotted stretch in a line is a week with no recorded close: Viceroy Hotels, 19 Apr 2024; Benares Hotels, 13 Mar 2026 to 26 Jun 2026.

5Y

Price of the 5 strongest one-year movers, each started at 100

260 weekly closes, every 4th shown

  • Leela Palaces Hotels 147
  • Oriental Hotels 390
  • Indian Hotels Co 379
  • Benares Hotels 584
  • NIFTY 500 142
Price of the 5 strongest one-year movers, each started at 100
Week endingLeela Palaces HotelsOriental HotelsIndian Hotels CoBenares HotelsNIFTY 500
12 Nov 2021–100100100100
3 Dec 2021–93909498
31 Dec 2021–9584103100
28 Jan 2022–1349710099
25 Feb 2022–1199310192
25 Mar 2022–15010611396
22 Apr 2022–16011212696
20 May 2022–13910411688
17 Jun 2022–1311009884
15 Jul 2022–14611711392
12 Aug 2022–170127128100
9 Sep 2022–161146139101
7 Oct 2022–19115915496
4 Nov 2022–200156153101
2 Dec 2022–199151167103
30 Dec 2022–178149154100
27 Jan 2023–16413418296
24 Feb 2023–19014519095
24 Mar 2023–19014518493
21 Apr 2023–20615720697
19 May 2023–223174214100
16 Jun 2023–221188248105
14 Jul 2023–211182296110
11 Aug 2023–206181291109
8 Sep 2023–217200329113
6 Oct 2023–227197334113
3 Nov 2023–239183365112
1 Dec 2023–279199400121
29 Dec 2023–297205513125
26 Jan 2024–294221553128
23 Feb 2024–334277534130
22 Mar 2024–285260499130
19 Apr 2024–326279513134
17 May 2024–354266516137
14 Jun 2024–347286513144
12 Jul 2024–332277494150
9 Aug 2024–329289442147
6 Sep 2024–376307454152
4 Oct 2024–425309460153
1 Nov 2024–445321480149
29 Nov 2024–443370462150
27 Dec 2024–426402472145
24 Jan 2025–389365570138
21 Feb 2025–340354688132
21 Mar 2025–363385636138
18 Apr 2025–360393631144
16 May 2025–374358563147
13 Jun 202593370343567148
11 Jul 2025101354343568152
8 Aug 2025101336343530147
5 Sep 202595340362534149
3 Oct 2025100332338547150
31 Oct 2025100299346535153
28 Nov 202595281347536154
26 Dec 2025101248345548155
23 Jan 202694246301544149
20 Feb 2026101245315544150
20 Mar 202692223287–136
17 Apr 202699240308–146
15 May 202696245306–147
12 Jun 202699263317–150
10 Jul 2026116324351595151
7 Aug 2026120310341582153
4 Sep 2026128340336584148
2 Oct 2026132340335586142
30 Oct 2026147390379584142
Left off this window so the other lines stay readable: Viceroy Hotels (it reached 4,300). A break or a faint dotted stretch in a line is a week with no recorded close: Benares Hotels, 13 Mar 2026 to 26 Jun 2026.

The companies with the strongest one-year price moves are drawn. The NIFTY 500 line is dashed.

Biggest one-year moves

  1. 1Leela Palaces Hotels & Resorts LtdTHELEELA · ₹23,000 cr+46.2%1 year
  2. 2Oriental Hotels LtdORIENTHOT · ₹3,090 cr+30.4%1 year
  3. 3Viceroy Hotels LtdVHLTD · ₹1,140 cr+18.7%1 year
  4. 4Indian Hotels Co LtdINDHOTEL · ₹1.2 lakh cr+9.4%1 year
  5. 5Benares Hotels LtdBENARAS · ₹1,330 cr+9.2%1 year

Strongest against NIFTY 500

  1. 1Oriental Hotels LtdORIENTHOT · ₹3,090 cr+44.5%vs NIFTY 500
  2. 2Leela Palaces Hotels & Resorts LtdTHELEELA · ₹23,000 cr+42.1%vs NIFTY 500
  3. 3Asian Hotels (West) LtdAHLWEST · ₹606 cr+34.1%vs NIFTY 500
  4. 4Indian Hotels Co LtdINDHOTEL · ₹1.2 lakh cr+22.1%vs NIFTY 500
  5. 5Viceroy Hotels LtdVHLTD · ₹1,140 cr+15.7%vs NIFTY 500

Strongest against the sector itself

  1. 1Oriental Hotels LtdORIENTHOT · ₹3,090 cr+37.9%vs sector
  2. 2Leela Palaces Hotels & Resorts LtdTHELEELA · ₹23,000 cr+35.4%vs sector
  3. 3Indian Hotels Co LtdINDHOTEL · ₹1.2 lakh cr+16.2%vs sector
  4. 4Viceroy Hotels LtdVHLTD · ₹1,140 cr+10.2%vs sector
  5. 5ITC Hotels LtdITCHOTELS · ₹36,800 cr−2.5%vs sector

Why are Hotel stocks moving?

This is the cleanest peak-margin illusion in the batch, and the curve shows both halves of it. The recovery from the pandemic is genuine and enormous: sector sales went from ₹4,111 crore in 2021 to ₹32,826 crore in 2026 and profit from a loss of ₹3,454 crore to a profit of ₹7,476 crore, with operating margin travelling from minus 21.14% to 36.72%. In the week of 17 August 2026, 31.8% of 23 Hotels companies were beating the Nifty 500, against 15.4% on 6 April 2026.

Show the table and chart

Hotels: share of companies beating the Nifty 500, and above their 200-day average, to 17 August 2026, last sector review

  • Beating the Nifty 500 31.8%
  • Above the 200-day average 39.1%
Hotels: share of companies beating the Nifty 500, and above their 200-day average, to 17 August 2026, last sector review
WeekBeating the Nifty 500Above the 200-day average
6 Apr 202615.4%20%
13 Apr 202610.5%18.2%
20 Apr 20265.3%18.2%
27 Apr 202611.1%19%
4 May 202615.8%18.2%
11 May 202615.8%13.6%
18 May 202615.8%13.6%
25 May 202615%18.2%
1 Jun 202620%18.2%
8 Jun 202620%22.7%
15 Jun 202630%36.4%
22 Jun 202625%31.8%
29 Jun 202636.4%50%
6 Jul 202630.4%50%
13 Jul 202630.4%41.7%
20 Jul 202640.9%47.8%
27 Jul 202627.3%43.5%
3 Aug 202631.8%52.2%
10 Aug 202631.8%30.4%
17 Aug 202631.8%39.1%

From our industry review of 22 August 2026. A newer review (10 October 2026) did not cover Hotels, so this is the latest we have.

What did Hotel managements say about July to September 2026?

3 of 23 Hotels companies held a results call for July to September 2026. Indian Hotels Co guided: FY27 consolidated revenue growth 15%-17%, including hotel-segment growth of 17%-19%.

Indian Hotels Co call 21 October 2026

“We will not be aggressive on international growth, but we will remain opportunistic and continue adding whenever we can because it is the first and, at the moment, the only consumer brand from India that has made it onto the international front.”Puneet Chhatwal

Guided: FY27 consolidated revenue growth 15%-17%, including hotel-segment growth of 17%-19%.

Leela Palaces Hotels & Resorts call 14 October 2026

“So obviously this implies that we'll have a much better FY27 than what we had initially guided.”Anurag Bhatnagar

Guided: H2 operating profit growth anchored at high teens on a high base; FY27 expected materially above initial guidance.

Waterways Leisure Tourism call 9 October 2026

“We remain open to either a hire-purchase arrangement or an outright purchase, depending on how the deal or discussions progress in the future.”Nishikanth Upadhyay

Guided: Sky begins sailing October 23; revenue contribution starts in H2 FY27 and builds with utilization, with onboard revenue potential moving from 50% on Empress to 90% on newer vessels.

From the results calls for July to September 2026.

Is money moving into Hotel stocks? Who is adding capacity?

Big funds, foreign and Indian, cut their stake by 0.5 points over the last two quarters. Founders and promoters cut theirs by 0.4 points.

  • Spending on new plants and equipment was ₹11,093 crore in the last 12 months, 36% less than a year before.
  • Projects still being built grew 31% in a year.
  • 1 Hotels call in the last quarters talked about adding capacity.

Big funds = foreign and Indian institutions, change in their share of ownership across 25 Hotels companies, in percentage points.

Ownership and spending as of 10 October 2026.

What is changing in Hotel stocks?

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

Show the details

How old this read is: This read comes from our fortnightly sector read dated 22 Aug 2026, 77 days old. The numbers above it are newer than the words here.

What would change this read

If the September and December 2026 quarters both keep 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.

Which Hotel companies have the most revenue, and which grow fastest?

Indian Hotels Co Ltd has the highest Revenue among the 24 Hotels companies compared here, at ₹10,430 crore. ITC Hotels Ltd is next at ₹4,475 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 Sep 2026.

Show the table and chart

What the numbers say: Indian Hotels Co Ltd is the largest at ₹10,430 crore, 133.1% ahead of ITC Hotels Ltd. Royal Orchid Hotels Ltd's growth is 26.9% from a ₹413 crore base, with 19 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

Indian Hotels Co Ltd · ₹10,430 croreLeader
133.1% versus #2 · ITC Hotels LtdGap
8/8 recent comparable periodsPersistence
24/24 companies · 396 observationsCoverage

What this means: Indian Hotels Co Ltd is the size to compare against; Royal Orchid Hotels Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

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.

Revenue · company comparison

Revenue, by reported quarter

  • Indian Hotels Co ₹2,480 cr
  • ITC Hotels ₹1,050 cr
  • EIH ₹657 cr
  • Ventive Hospitality ₹543 cr
  • Chalet Hotels ₹511 cr
Revenue, by reported quarter
QuarterIndian Hotels CoITC HotelsEIHVentive HospitalityChalet Hotels
Dec 2021————₹164 cr
Mar 2022————₹154 cr
Jun 2022————₹253 cr
Sep 2022————₹219 cr
Dec 2022₹1,690 cr—₹586 cr—₹290 cr
Mar 2023₹1,630 cr—₹637 cr—₹338 cr
Jun 2023₹1,470 cr—₹498 cr—₹311 cr
Sep 2023₹1,430 cr—₹531 cr—₹315 cr
Dec 2023₹1,960 cr—₹741 cr₹126 cr₹374 cr
Mar 2024₹1,910 cr₹3,340 cr₹741 cr₹124 cr₹418 cr
Jun 2024₹1,550 cr₹706 cr₹527 cr₹115 cr₹361 cr
Sep 2024₹1,830 cr₹778 cr₹589 cr₹258 cr₹377 cr
Dec 2024₹2,530 cr₹1,020 cr₹800 cr₹534 cr₹458 cr
Mar 2025₹2,430 cr₹1,060 cr₹827 cr₹698 cr₹522 cr
Jun 2025₹2,040 cr₹816 cr₹574 cr₹507 cr₹895 cr
Sep 2025₹2,040 cr₹839 cr₹598 cr₹489 cr₹735 cr
Dec 2025₹2,840 cr₹1,230 cr₹873 cr₹686 cr₹582 cr
Mar 2026₹2,770 cr₹1,250 cr₹895 cr₹779 cr₹558 cr
Jun 2026₹2,340 cr₹936 cr₹657 cr₹543 cr₹512 cr
Sep 2026₹2,480 cr₹1,050 cr——₹511 cr

Revenue growth, by reported quarter

  • Indian Hotels Co 22%
  • ITC Hotels 26%
  • EIH 14%
  • Ventive Hospitality 7.1%
  • Chalet Hotels −30%
Revenue growth, by reported quarter
QuarterIndian Hotels CoITC HotelsEIHVentive HospitalityChalet Hotels
Dec 2021—————
Mar 2022—————
Jun 2022————261%
Sep 2022————65%
Dec 2022————77%
Mar 2023————119%
Jun 2023————23%
Sep 2023————44%
Dec 202316%—26%—29%
Mar 202417%—16%—24%
Jun 20245.7%—5.8%—16%
Sep 202427%—11%—20%
Dec 202429%—8.0%324%22%
Mar 202527%−68%12%463%25%
Jun 202532%16%8.9%341%148%
Sep 202512%7.8%1.5%90%95%
Dec 202512%21%9.1%28%27%
Mar 202614%18%8.2%12%6.9%
Jun 202615%15%14%7.1%−43%
Sep 202622%26%——−30%

24 of 24 companies report revenue, 24 of 24 revenue growth. On every company-comparison chart on this page the five leaders are drawn, level and change on separate charts, and a missing report breaks the line rather than being invented. The revenue growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Revenue · largest

  1. 1Indian Hotels Co LtdINDHOTEL₹10,400 cr
  2. 2ITC Hotels LtdITCHOTELS₹4,480 cr
  3. 3EIH LtdEIHOTEL₹3,020 cr
  4. 4Ventive Hospitality LtdVENTIVE₹2,500 cr
  5. 5Chalet Hotels LtdCHALET₹2,390 cr

Revenue growth · fastest growers

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.

Revenue, every company
CompanyRevenueRevenue growthReported
Indian Hotels Co Ltd INDHOTEL₹2,480 cr22%Sep 2026
ITC Hotels Ltd ITCHOTELS₹1,050 cr26%Sep 2026
EIH Ltd EIHOTEL₹657 cr14%Jun 2026
Ventive Hospitality Ltd VENTIVE₹543 cr7.1%Jun 2026
Chalet Hotels Ltd CHALET₹511 cr−30%Sep 2026
Travel Food Services Ltd TRAVELFOOD₹452 cr21%Jun 2026
Leela Palaces Hotels & Resorts Ltd THELEELA₹412 cr32%Sep 2026
Lemon Tree Hotels Ltd LEMONTREE₹345 cr9.2%Jun 2026
Samhi Hotels Ltd SAMHI₹305 cr12%Jun 2026
Juniper Hotels Ltd JUNIPER₹258 cr12%Sep 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₹118 cr6.6%Sep 2026
Royal Orchid Hotels Ltd ROHLTD₹107 cr36%Jun 2026
Asian Hotels (West) Ltd AHLWEST₹98 cr10%Jun 2026
Kamat Hotels (India) Ltd KAMATHOTEL₹90.5 cr9.6%Jun 2026
Advent Hotels International Ltd ADVENTHTL₹80.5 cr0.1%Jun 2026
Asian Hotels (North) Ltd ASIANHOTNR₹77.6 cr10%Jun 2026
EIH Associated Hotels Ltd EIHAHOTELS₹66 cr−4.0%Jun 2026
HLV Ltd HLVLTD unverified₹47 cr15%Jun 2026
Viceroy Hotels Ltd VHLTD₹44.9 cr77%Jun 2026
Benares Hotels Ltd BENARAS₹31.5 cr32%Sep 2026
U P Hotels Ltd UPHOT₹28.9 cr14%Sep 2026
Sayaji Hotels Ltd SAYAJIHOTL₹20 cr−44%Jun 2026

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

What to watch

Watch the next two reported quarters for growth persistence, margin conversion and whether the leader is gaining share without stretching working capital.

Which Hotel companies keep the most from each ₹100 of sales?

Lemon Tree Hotels Ltd has the highest OPM among the 24 Hotels companies compared here, at 43%. U P Hotels Ltd has the highest Margin change at +14.8 percentage points, so level and change sit with different companies. 24 of 24 companies report a comparable reading, the latest through Jun 2026.

Show the table and chart

What the numbers say: Lemon Tree Hotels Ltd leads opm at 43%; U P Hotels Ltd leads margin change at +14.8 percentage points.

Lemon Tree Hotels Ltd · 43%Leader
0% versus #2 · Leela Palaces Hotels & Resorts LtdGap
4/8 recent comparable periodsPersistence
24/24 companies · 408 observationsCoverage

What this means: Lemon Tree Hotels Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM, by reported quarter

  • Lemon Tree Hotels 43%
  • Leela Palaces Hotels & Resorts 43%
  • Asian Hotels (West) 40%
  • Travel Food Services 36%
  • Ventive Hospitality 35%
OPM, by reported quarter
QuarterLemon Tree HotelsLeela Palaces Hotels & ResortsAsian Hotels (West)Travel Food ServicesVentive Hospitality
Dec 202144%—12%——
Mar 202218%————
Jun 202246%—32%——
Sep 202248%—31%——
Dec 202254%—33%——
Mar 202355%————
Jun 202347%—38%——
Sep 202345%—47%——
Dec 202349%—38%—59%
Mar 202452%—39%—61%
Jun 202443%29%43%25%59%
Sep 202446%41%39%32%34%
Dec 202452%50%44%38%45%
Mar 202554%53%40%37%50%
Jun 202544%37%38%39%41%
Sep 202543%44%49%38%39%
Dec 202550%51%44%40%45%
Mar 202652%55%45%40%49%
Jun 202643%36%40%36%35%
Sep 2026—43%———

Margin change, by reported quarter

  • Lemon Tree Hotels −1.0 pp
  • Leela Palaces Hotels & Resorts −1.0 pp
  • Asian Hotels (West) +2.0 pp
  • Travel Food Services −3.0 pp
  • Ventive Hospitality −6.0 pp
Margin change, by reported quarter
QuarterLemon Tree HotelsLeela Palaces Hotels & ResortsAsian Hotels (West)Travel Food ServicesVentive Hospitality
Dec 2021+14.8 pp—+16.8 pp——
Mar 2022−9.8 pp————
Jun 2022+46.0 pp—+148.0 pp——
Sep 2022+12.7 pp—+47.5 pp——
Dec 2022+10.0 pp—+21.3 pp——
Mar 2023+37.0 pp————
Jun 2023+1.4 pp—+5.3 pp——
Sep 2023−2.6 pp—+15.6 pp——
Dec 2023−5.0 pp—+4.9 pp——
Mar 2024−3.0 pp————
Jun 2024−4.0 pp—+5.4 pp——
Sep 2024+1.0 pp—−8.0 pp——
Dec 2024+3.0 pp—+6.0 pp—−14.0 pp
Mar 2025+2.0 pp—+1.0 pp—−11.0 pp
Jun 2025+1.0 pp+8.0 pp−5.0 pp+14.0 pp−18.0 pp
Sep 2025−3.0 pp+3.0 pp+10.0 pp+6.0 pp+5.0 pp
Dec 2025−2.0 pp+1.0 pp0.0 pp+2.0 pp0.0 pp
Mar 2026−2.0 pp+2.0 pp+5.0 pp+3.0 pp−1.0 pp
Jun 2026−1.0 pp−1.0 pp+2.0 pp−3.0 pp−6.0 pp
Sep 2026—−1.0 pp———

24 of 24 companies report OPM, 24 of 24 margin change. The margin change chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

OPM · highest

Margin change · fastest expanders

  1. 1U P Hotels LtdUPHOT+14.8 pp
  2. 2Viceroy Hotels LtdVHLTD+10.8 pp
  3. 3HLV Ltd unverifiedHLVLTD+7.6 pp
  4. 4Advent Hotels International LtdADVENTHTL+6.1 pp
  5. 5Kamat Hotels (India) LtdKAMATHOTEL+5.3 pp

All-company data · latest reported quarter

Operating margin, every company
CompanyOPMMargin changeReported
Leela Palaces Hotels & Resorts Ltd THELEELA43%−1.0 ppSep 2026
Lemon Tree Hotels Ltd LEMONTREE43%−1.0 ppJun 2026
Asian Hotels (West) Ltd AHLWEST40%+2.0 ppJun 2026
Travel Food Services Ltd TRAVELFOOD36%−3.0 ppJun 2026
Ventive Hospitality Ltd VENTIVE35%−6.0 ppJun 2026
Advent Hotels International Ltd ADVENTHTL33%+6.1 ppJun 2026
Chalet Hotels Ltd CHALET32%−8.6 ppSep 2026
Benares Hotels Ltd BENARAS32%−2.2 ppSep 2026
ITC Hotels Ltd ITCHOTELS32%+3.0 ppSep 2026
Samhi Hotels Ltd SAMHI32%−1.0 ppJun 2026
TajGVK Hotels & Resorts Ltd TAJGVK30%0.0 ppJun 2026
Indian Hotels Co Ltd INDHOTEL28%0.0 ppSep 2026
Apeejay Surrendra Park Hotels Ltd PARKHOTELS28%−1.0 ppJun 2026
Kamat Hotels (India) Ltd KAMATHOTEL27%+5.3 ppJun 2026
Viceroy Hotels Ltd VHLTD26%+10.8 ppJun 2026
Juniper Hotels Ltd JUNIPER25%−10.9 ppSep 2026
EIH Ltd EIHOTEL25%−3.0 ppJun 2026
Royal Orchid Hotels Ltd ROHLTD24%−1.2 ppJun 2026
Oriental Hotels Ltd ORIENTHOT23%−0.8 ppSep 2026
Asian Hotels (North) Ltd ASIANHOTNR17%−3.6 ppJun 2026
Sayaji Hotels Ltd SAYAJIHOTL13%+3.3 ppJun 2026
EIH Associated Hotels Ltd EIHAHOTELS11%−2.2 ppJun 2026
U P Hotels Ltd UPHOT7.0%+14.8 ppSep 2026
HLV Ltd HLVLTD unverified−7.3%+7.6 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current margin change rather than reversing it.

Which Hotel companies earn the most profit?

Indian Hotels Co Ltd has the highest Net profit among the 24 Hotels companies compared here, at ₹2,370 crore. ITC Hotels Ltd is next at ₹939 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.

Show the table and chart

What the numbers say: Indian Hotels Co Ltd earns the most, ₹2,370 crore of profit over the last 12 months, 152.4% above ITC Hotels Ltd. Asian Hotels (West) Ltd shows at least 100% on the scoring scale (136.7% in full) growth from a profit base of ₹71 crore. A fast rate from a small base matters less than a large profit that keeps coming.

Indian Hotels Co Ltd · ₹2,370 croreLeader
152.4% versus #2 · ITC Hotels LtdGap
7/8 recent comparable periodsPersistence
24/24 companies · 398 observationsCoverage

What this means: Indian Hotels Co Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit, by reported quarter

  • Indian Hotels Co ₹380 cr
  • ITC Hotels ₹203 cr
  • EIH ₹120 cr
  • Ventive Hospitality ₹124 cr
  • Samhi Hotels ₹25 cr
Net profit, by reported quarter
QuarterIndian Hotels CoITC HotelsEIHVentive HospitalitySamhi Hotels
Dec 2021—————
Mar 2022—————
Jun 2022————−₹101 cr
Sep 2022————−₹84 cr
Dec 2022₹404 cr—₹149 cr—−₹80 cr
Mar 2023₹339 cr—₹92 cr—−₹74 cr
Jun 2023₹236 cr—₹106 cr—−₹83 cr
Sep 2023₹179 cr₹1 cr₹94 cr—−₹88 cr
Dec 2023₹477 cr₹0 cr₹230 cr₹43 cr−₹74 cr
Mar 2024₹438 cr₹632 cr₹248 cr₹47 cr₹11 cr
Jun 2024₹260 cr₹87 cr₹97 cr₹26 cr₹4 cr
Sep 2024₹583 cr₹77 cr₹133 cr−₹47 cr₹13 cr
Dec 2024₹633 cr₹216 cr₹279 cr₹35 cr₹23 cr
Mar 2025₹563 cr₹258 cr₹262 cr₹151 cr₹46 cr
Jun 2025₹329 cr₹134 cr₹37 cr₹38 cr₹19 cr
Sep 2025₹318 cr₹133 cr₹117 cr₹64 cr₹100 cr
Dec 2025₹954 cr₹237 cr₹255 cr₹140 cr₹48 cr
Mar 2026₹645 cr₹317 cr₹249 cr₹259 cr₹399 cr
Jun 2026₹391 cr₹182 cr₹120 cr₹124 cr₹25 cr
Sep 2026₹380 cr₹203 cr———

Profit growth, by reported quarter

  • Indian Hotels Co 20%
  • ITC Hotels 53%
  • EIH 224%
  • Ventive Hospitality 226%
  • Samhi Hotels 32%
Profit growth, by reported quarter
QuarterIndian Hotels CoITC HotelsEIHVentive HospitalitySamhi Hotels
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022—————
Dec 2022—————
Mar 2023—————
Jun 2023—————
Sep 2023—————
Dec 202318%—54%——
Mar 202429%—170%——
Jun 202410%—−8.5%——
Sep 2024226%7,600%41%——
Dec 202433%—21%−19%—
Mar 202529%−59%5.7%221%318%
Jun 202527%54%−62%46%375%
Sep 2025−45%73%−12%—669%
Dec 202551%9.7%−8.6%300%109%
Mar 202615%23%−5.0%72%767%
Jun 202619%36%224%226%32%
Sep 202620%53%———

24 of 24 companies report net profit, 19 of 24 profit growth. The profit growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Net profit · largest

  1. 1Indian Hotels Co LtdINDHOTEL₹2,370 cr
  2. 2ITC Hotels LtdITCHOTELS₹939 cr
  3. 3EIH LtdEIHOTEL₹741 cr
  4. 4Ventive Hospitality LtdVENTIVE₹587 cr
  5. 5Samhi Hotels LtdSAMHI₹572 cr

Profit growth · fastest growers

All-company data · latest reported quarter

Net profit, every company
CompanyNet profitProfit growthReported
Indian Hotels Co Ltd INDHOTEL₹380 cr20%Sep 2026
Chalet Hotels Ltd CHALET₹216 cr39%Sep 2026
ITC Hotels Ltd ITCHOTELS₹203 cr53%Sep 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
Leela Palaces Hotels & Resorts Ltd THELEELA₹95 cr27%Sep 2026
Lemon Tree Hotels Ltd LEMONTREE₹57 cr19%Jun 2026
Juniper Hotels Ltd JUNIPER₹37 cr118%Sep 2026
TajGVK Hotels & Resorts Ltd TAJGVK₹32 cr23%Jun 2026
Samhi Hotels Ltd SAMHI₹25 cr32%Jun 2026
Asian Hotels (West) Ltd AHLWEST₹14 cr75%Jun 2026
Apeejay Surrendra Park Hotels Ltd PARKHOTELS₹11 cr−15%Jun 2026
Kamat Hotels (India) Ltd KAMATHOTEL₹9.7 cr129%Jun 2026
Oriental Hotels Ltd ORIENTHOT₹8.6 cr7.9%Sep 2026
EIH Associated Hotels Ltd EIHAHOTELS₹6.9 cr11%Jun 2026
Royal Orchid Hotels Ltd ROHLTD₹6.8 cr−39%Jun 2026
Advent Hotels International Ltd ADVENTHTL₹6.7 cr−79%Jun 2026
Benares Hotels Ltd BENARAS₹6.6 cr7.9%Sep 2026
U P Hotels Ltd UPHOT₹2.6 cr−17%Sep 2026
Viceroy Hotels Ltd VHLTD₹1.5 cr−40%Jun 2026
Sayaji Hotels Ltd SAYAJIHOTL₹0.3 cr−59%Jun 2026
HLV Ltd HLVLTD unverified−₹1 cr−18%Jun 2026
Asian Hotels (North) Ltd ASIANHOTNR−₹3.5 cr−82%Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current profit growth rather than reversing it.

Which Hotel companies earn the best return on capital?

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%. TajGVK Hotels & Resorts Ltd has the highest ROCE change at +18.2 percentage points, so level and change sit with different companies. 24 of 24 companies report a comparable reading, the latest through Jun 2026.

Show the table and chart

What the numbers say: Travel Food Services Ltd leads ROCE at 42.4%, 12.6 percentage points above Benares Hotels Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

Travel Food Services Ltd · 42.4%Leader
42.3% versus #2 · Benares Hotels LtdGap
Not enough historyPersistence
24/24 companies · 244 observationsCoverage

What this means: Travel Food Services Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

ROCE, by reported quarter

  • Benares Hotels 23%
  • U P Hotels 21%
  • EIH Associated Hotels 19%
ROCE, by reported quarter
QuarterBenares HotelsU P HotelsEIH Associated Hotels
Dec 2021———
Mar 20229.4%6.2%4.7%
Jun 2022———
Sep 202221%15%11%
Dec 2022———
Mar 202328%23%18%
Jun 2023———
Sep 202331%23%17%
Dec 202340%32%23%
Mar 202432%24%19%
Jun 202439%26%22%
Sep 202429%20%20%
Dec 202438%29%24%
Mar 202529%18%19%
Jun 202537%27%24%
Sep 202527%18%20%
Dec 202534%24%24%
Mar 202624%17%16%
Jun 202629%21%19%
Sep 202623%——

ROCE change, by reported quarter

  • Benares Hotels −3.9 pp
  • U P Hotels −5.4 pp
  • EIH Associated Hotels −4.4 pp
ROCE change, by reported quarter
QuarterBenares HotelsU P HotelsEIH Associated Hotels
Dec 2021———
Mar 2022———
Jun 2022———
Sep 2022———
Dec 2022———
Mar 2023+18.2 pp+16.8 pp+13.3 pp
Jun 2023———
Sep 2023+9.8 pp+8.4 pp+5.8 pp
Dec 2023———
Mar 2024+4.0 pp+1.0 pp+1.4 pp
Jun 2024———
Sep 2024−1.9 pp−3.0 pp+3.1 pp
Dec 2024−2.0 pp−2.4 pp+1.6 pp
Mar 2025−2.3 pp−5.7 pp−0.1 pp
Jun 2025−1.5 pp+1.1 pp+1.2 pp
Sep 2025−1.7 pp−1.5 pp−0.3 pp
Dec 2025−4.2 pp−5.3 pp+0.2 pp
Mar 2026−5.6 pp−1.5 pp−3.4 pp
Jun 2026−7.8 pp−5.4 pp−4.4 pp
Sep 2026−3.9 pp——

24 of 24 companies report ROCE, 24 of 24 ROCE 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 15 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 9 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 11 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 15 comparable periods, so its derived ratios are withheld; Advent Hotels International Ltd (ADVENTHTL): its two data sources disagree by up to 84% on reported income across 8 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.

ROCE · highest

  1. 1Travel Food Services LtdTRAVELFOOD42%
  2. 2Benares Hotels LtdBENARAS30%
  3. 3U P Hotels LtdUPHOT22%
  4. 4EIH Associated Hotels LtdEIHAHOTELS21%
  5. 5EIH LtdEIHOTEL21%

ROCE change · fastest improvers

  1. 1TajGVK Hotels & Resorts LtdTAJGVK+18.2 pp
  2. 2Asian Hotels (West) LtdAHLWEST+10.2 pp
  3. 3Advent Hotels International LtdADVENTHTL+3.0 pp
  4. 4Sayaji Hotels LtdSAYAJIHOTL+1.9 pp
  5. 5Juniper Hotels LtdJUNIPER+1.8 pp

All-company data · latest reported quarter

Return on capital, every company
CompanyROCEROCE changeReported
TajGVK Hotels & Resorts Ltd TAJGVK38%+18.2 ppJun 2026
Asian Hotels (West) Ltd AHLWEST32%+10.2 ppJun 2026
Benares Hotels Ltd BENARAS23%−3.9 ppSep 2026
U P Hotels Ltd UPHOT21%−5.4 ppSep 2026
EIH Associated Hotels Ltd EIHAHOTELS19%−4.4 ppJun 2026
Kamat Hotels (India) Ltd KAMATHOTEL16%−3.2 ppJun 2026
Chalet Hotels Ltd CHALET12%−4.1 ppSep 2026
Royal Orchid Hotels Ltd ROHLTD12%−7.2 ppJun 2026
Samhi Hotels Ltd SAMHI12%+1.8 ppJun 2026
Oriental Hotels Ltd ORIENTHOT11%−0.8 ppSep 2026
ITC Hotels Ltd ITCHOTELS9.2%−0.2 ppSep 2026
Apeejay Surrendra Park Hotels Ltd PARKHOTELS9.0%−2.9 ppJun 2026
Viceroy Hotels Ltd VHLTD8.7%0.0 ppJun 2026
Juniper Hotels Ltd JUNIPER8.3%+1.8 ppSep 2026
Leela Palaces Hotels & Resorts Ltd THELEELA8.2%+1.3 ppSep 2026
Sayaji Hotels Ltd SAYAJIHOTL5.7%+1.9 ppJun 2026
Asian Hotels (North) Ltd ASIANHOTNR4.2%−9.2 ppJun 2026
HLV Ltd HLVLTD unverified−0.9%−4.0 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current roce change rather than reversing it.

How are Hotel stocks valued against growth and quality?

Royal Orchid Hotels Ltd has the lowest PEG among the 24 Hotels companies compared here, at 0.49×. TajGVK Hotels & Resorts Ltd is next at 0.85×. HLV Ltd has the lowest P/E at 2.77×, so level and change sit with different companies. 11 of 24 companies report a comparable reading, the latest through Jun 2026.

Show the table and chart

What the numbers say: Royal Orchid Hotels Ltd has the lowest comparable PEG at 0.49×, 42.4% below TajGVK Hotels & Resorts Ltd. That would need today's multiple, the company's own history and steady growth to agree.

Royal Orchid Hotels Ltd · 0.49×Leader
42.4% versus #2 · TajGVK Hotels & Resorts LtdGap
0/8 recent comparable periodsPersistence
11/24 companies · 36 observationsCoverage

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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.

Valuation · company comparison

PEG, by reported quarter

  • Royal Orchid Hotels 0.5
  • TajGVK Hotels & Resorts 0.9
  • Oriental Hotels 0.9
  • EIH Associated Hotels 1.2
PEG, by reported quarter
QuarterRoyal Orchid HotelsTajGVK Hotels & ResortsOriental HotelsEIH Associated Hotels
Dec 2021————
Mar 2022————
Jun 2022————
Sep 2022————
Dec 2022————
Mar 2023————
Jun 2023————
Sep 2023————
Dec 20230.52.8——
Mar 2024——0.80.6
Jun 2024————
Sep 2024———1.9
Dec 2024—0.5—0.9
Mar 2025—0.6—1.1
Jun 2025—0.8——
Sep 2025———0.8
Dec 2025—0.8—1.7
Mar 2026—1.50.71.2
Jun 2026—0.9——
Sep 2026——0.9—

P/E, by reported quarter

  • Royal Orchid Hotels 29.6×
  • TajGVK Hotels & Resorts 15.1×
  • Oriental Hotels 37.5×
  • Juniper Hotels 25.8×
  • EIH Associated Hotels 21.8×
P/E, by reported quarter
QuarterRoyal Orchid HotelsTajGVK Hotels & ResortsOriental HotelsJuniper HotelsEIH Associated Hotels
Dec 2021−46.1×−170.2×−26.6×—200.9×
Mar 202211.4×454.9×−55.8×—103.2×
Jun 202279.0×386.2×85.1×—81.1×
Sep 202231.1×34.2×113.4×—49.6×
Dec 202222.9×19.3×48.0×—41.0×
Mar 202318.4×15.4×41.9×—27.9×
Jun 202318.8×15.8×29.5×—24.6×
Sep 202317.8×16.3×29.4×—21.3×
Dec 202319.9×20.1×45.4×—22.4×
Mar 202422.3×29.8×40.3×483.9×32.7×
Jun 202420.3×22.9×49.9×203.4×34.6×
Sep 202420.7×21.0×79.4×176.8×31.4×
Dec 202420.4×23.4×74.2×225.0×31.0×
Mar 202521.2×26.4×65.3×88.3×24.4×
Jun 202522.5×21.8×68.0×88.0×24.2×
Sep 202528.9×20.5×50.0×84.0×23.1×
Dec 202524.3×20.8×37.0×46.3×22.9×
Mar 202621.3×15.2×27.8×28.5×17.5×
Jun 202629.6×15.1×36.3×25.8×21.8×
Sep 2026——37.5×25.8×—

11 of 24 companies report PEG, 24 of 24 P/E.

PEG · lowest PEG

P/E · lowest P/E

  1. 1HLV Ltd unverifiedHLVLTD2.8×
  2. 2Asian Hotels (West) LtdAHLWEST6.7×
  3. 3Samhi Hotels LtdSAMHI8.0×
  4. 4Advent Hotels International LtdADVENTHTL13.2×
  5. 5TajGVK Hotels & Resorts LtdTAJGVK13.2×

All-company data · latest reported quarter

Valuation, every company
CompanyPEGP/EReported
Apeejay Surrendra Park Hotels Ltd PARKHOTELS3.539.1×Jun 2026
Chalet Hotels Ltd CHALET3.135.6×Sep 2026
U P Hotels Ltd UPHOT2.826.1×Sep 2026
Benares Hotels Ltd BENARAS2.130.3×Sep 2026
EIH Associated Hotels Ltd EIHAHOTELS1.221.8×Jun 2026
Oriental Hotels Ltd ORIENTHOT0.937.5×Sep 2026
TajGVK Hotels & Resorts Ltd TAJGVK0.915.1×Jun 2026
Royal Orchid Hotels Ltd ROHLTD0.529.6×Jun 2026
Indian Hotels Co Ltd INDHOTEL—53.2×Sep 2026
ITC Hotels Ltd ITCHOTELS—36.2×Sep 2026
Leela Palaces Hotels & Resorts Ltd THELEELA—40.3×Sep 2026
EIH Ltd EIHOTEL—28.0×Jun 2026
Travel Food Services Ltd TRAVELFOOD—39.5×Jun 2026
Ventive Hospitality Ltd VENTIVE—34.9×Jun 2026
Lemon Tree Hotels Ltd LEMONTREE—38.2×Jun 2026
Juniper Hotels Ltd JUNIPER—25.8×Sep 2026
Samhi Hotels Ltd SAMHI—9.5×Jun 2026
Asian Hotels (North) Ltd ASIANHOTNR—468.5×Jun 2026
Viceroy Hotels Ltd VHLTD—47.4×Jun 2026
Kamat Hotels (India) Ltd KAMATHOTEL—15.2×Jun 2026
Advent Hotels International Ltd ADVENTHTL—16.6×Jun 2026
Asian Hotels (West) Ltd AHLWEST—8.5×Jun 2026
Sayaji Hotels Ltd SAYAJIHOTL—259.1×Jun 2026
HLV Ltd HLVLTD unverified—2.9×Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current p/e rather than reversing it.

Which stock lists do Hotel companies appear on?

Hotels companies show up on 7 of our India lists. The most are on the hotel stocks list (22 companies).

Show the list
Hotel stocks22 companies: Indian Hotels Co, ITC Hotels, Leela Palaces Hotels & Resorts, EIH, Chalet Hotels, Ventive Hospitality, Lemon Tree Hotels, Juniper Hotels, Samhi Hotels, Oriental Hotels, Apeejay Surrendra Park Hotels, TajGVK Hotels & Resorts, EIH Associated Hotels, Asian Hotels (North), Benares Hotels, Viceroy Hotels, U P Hotels, Royal Orchid Hotels, Kamat Hotels (India), Advent Hotels International, Asian Hotels (West), Sayaji HotelsMomentum stocks8 companies: Indian Hotels Co, Leela Palaces Hotels & Resorts, Chalet Hotels, Oriental Hotels, Benares Hotels, Viceroy Hotels, U P Hotels, Sayaji Hotels52 week high & low7 companies: Indian Hotels Co, Leela Palaces Hotels & Resorts, Ventive Hospitality, Juniper Hotels, Oriental Hotels, EIH Associated Hotels, Royal Orchid HotelsSmall & mid cap stocks5 companies: ITC Hotels, Leela Palaces Hotels & Resorts, EIH, Chalet Hotels, Travel Food ServicesBreakout stocks3 companies: Indian Hotels Co, Viceroy Hotels, Kamat Hotels (India)Undervalued stocks2 companies: Chalet Hotels, Samhi HotelsMultibagger study list1 company: Leela Palaces Hotels & Resorts

What can make this comparison misleading?

This Hotels comparison names 6 specific ways its own evidence can mislead, all listed below. All 24 companies here report on comparable dates, so no rank carries a stale marker. 1 uses at least one figure from a second source we could not check. 6 have second-source figures left out because the two sources disagree.

Keep these limits visible

  • A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
  • The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data source that does not cover enough of the same periods to check against the main one; it is marked unverified wherever that figure appears.
  • 6 companies are missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

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 Sep 2026 and market data through 30 October 2026.

Show the details
FundamentalsThrough Sep 2026 · up to 20 quarters per company
Market dataThrough 30 October 2026 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and old evidence lowers confidence and pulls the 0 to 100 score toward the middle.
Source standing17 cross-checked · 1 unverified · 6 withheld, of 24 graded companies.

1 of 24 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

6 of 24 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: 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 15 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 9 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 11 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 15 comparable periods, so its derived ratios are withheld; Advent Hotels International Ltd (ADVENTHTL): its two data sources disagree by up to 84% on reported income across 8 comparable periods, so its derived ratios are withheld.

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 are simply used. 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.

What else do people ask about Hotel stocks?

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 Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.

Is the Hotel sector outperforming NIFTY 500?

Hotels has done worse than the NIFTY 500 by 5.6% over 52 weeks, but is 7.6% ahead over the last 13 weeks.

8 of 24 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (2 have no relative-strength reading yet), and 4 of the 11 with a long enough price history are ahead of the industry itself.

Which Hotel company is largest by revenue?

Indian Hotels Co Ltd leads with revenue of ₹10,430 crore, based on 24 of 24 comparable companies through Sep 2026.

Which Hotel company is growing fastest?

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

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

Asian Hotels (West) Ltd ranks first at 68.2 out of 100, with 63.6% of the evidence available. The score ranks published data; it is not a recommendation.

Which Hotel company has the lowest comparable PEG?

Royal Orchid Hotels Ltd has the lowest comparable PEG at 0.49, among 11 of 24 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Hotel comparison include?

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

How is the 4-Factor Sector Score calculated?

The four parts add up 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 old evidence moves only that part toward the middle.

Is there a Nifty Hotel index?

NSE runs Nifty indices for several broad sectors, such as Nifty Bank, Nifty IT and Nifty Pharma, but not for every smaller group 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, whatever its size, so no single large company dominates. Figures are as of Sep 2026.

Which are the best Hotel stocks in India?

Ranked by this page's four-factor score, Asian Hotels (West) Ltd comes first among 24 listed Hotels companies, followed by Indian Hotels Co Ltd. That is a ranking of published data (earnings, quality, valuation and share-price behaviour as of Sep 2026), not a recommendation.

How many Hotel 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 Sep 2026.

Which Hotel company is the biggest?

Indian Hotels Co Ltd is the largest, with revenue of ₹10,430 crore over the last 12 months, ahead of ITC Hotels Ltd at ₹4,475 crore. That covers 24 of 24 companies with comparable reporting through Sep 2026.

Which Hotel company has the best profit margins?

Lemon Tree Hotels Ltd has the highest operating margin at 43%, from 24 of 24 comparable companies. U P Hotels Ltd shows the biggest recent improvement, at +14.8 percentage points. A high margin matters most when it is steady or rising, not when it is at a peak.

Which Hotel company makes the most profit?

Indian Hotels Co Ltd earns the most, at ₹2,370 crore of net profit over the last 12 months, from 24 of 24 comparable companies.

Asian Hotels (West) Ltd has the fastest profit growth at the 100% cap of the scoring scale, though growth off a small or recovering profit base overstates how much has actually changed.

Which Hotel 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. A high return that repeats for years shows a lasting business, while a single high reading can come from a small capital base or one good year.

Which Hotel stock has the lowest PEG ratio?

On PEG (where a lower number means a lower price for what the company earns), Royal Orchid Hotels Ltd has the lowest at 0.49×.

Only 11 of 24 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a ranking of the whole industry. A low multiple is a reason to look closer at the business, not a conclusion on its own.

Is the Hotel sector beating the market?

Hotels has done worse than the NIFTY 500 by 5.6% over the last 52 weeks, but is 7.6% ahead over the last 13 weeks, measured on an equal-weight index of its current members.

Inside the sector, 8 of the 24 companies we track are beating the market on their own (2 have no relative-strength reading yet). Sector strength does not transfer evenly to every stock in it.

Which Hotel stock has the strongest price momentum?

Oriental Hotels Ltd has the strongest relative strength against the NIFTY 500, meaning its share price has done best against the index. A price can move well before the business results back it up, and sometimes without them.

Which Hotel company has the highest 4-Factor score?

Asian Hotels (West) Ltd scores 68.2 out of 100, with 63.6% of the evidence available, from 25.3 points on growth and earnings, 19.3 on capital efficiency, 11.4 on valuation and 12.2 on relative strength.

It ranks published data only; management quality, upcoming events and risks are not part of the score.

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

This comparison covers 24 listed companies over up to 20 reported quarters of fundamentals, ending Sep 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 Hotel sector?

The 24 Hotels companies on this page carry ₹2,83,065 crore of combined market value. Indian Hotels Co Ltd is the largest at ₹1,24,741 crore, about 44% of the sector's total on its own. Market value moves with price, so this reading is dated 30 October 2026.

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

The median price-to-earnings ratio across the 24 Hotels companies on this page is 29.8×, measured on the 24 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 30 October 2026.

How is the Hotel sector performing?

8 of the 24 Hotels companies we track are doing better than the NIFTY 500 on relative strength (how a share price has done against the index over recent months) (2 have no relative-strength reading yet).

The sector itself is 5.6% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members.

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 figures are never estimated, copied forward or swapped for a similar-looking line, and a company with missing evidence has its score pulled toward the middle rather than scored as bad.

Is this advice?

No, every figure here is worked out by code from company filings and market data, for research. It does not account for your situation and is not a substitute for advice from a registered adviser.

Top 10 hotel stocks in India by our score (October 2026)

The top 10 hotel stocks for October 2026 are: 1. Indian Hotels Co, 2. Oriental Hotels, 3. Leela Palaces Hotels & Resorts, 4. India Tourism Development Corporation, 5. ITC Hotels, 6. Brigade Hotel Ventures, 7. Lemon Tree Hotels, 8. Juniper Hotels, 9. EIH, 10. Samhi Hotels. Scored every month.

Show the list
  1. 1Indian Hotels Co67scoreGrowthQualityValuationPriceGrowth 64 · Quality 68 · Valuation 51 · Price strength 86 · vs October 2026 up 1
  2. 2Oriental Hotels65scoreGrowthQualityValuationPriceGrowth 51 · Quality 56 · Valuation 64 · Price strength 100 · vs October 2026 up 2
  3. 3Leela Palaces Hotels & Resorts61scoreGrowthQualityValuationPriceGrowth 67 · Quality 41 · Valuation 41 · Price strength 94 · vs October 2026 same
  4. 4India Tourism Development Corporation55scoreGrowthQualityValuationPriceGrowth 31 · Quality 77 · Valuation 50 · Price strength 76 · vs October 2026 up 1
  5. 5ITC Hotels55scoreGrowthQualityValuationPriceGrowth 68 · Quality 45 · Valuation 37 · Price strength 63 · vs October 2026 up 4
  6. 6Brigade Hotel Ventures54scoreGrowthQualityValuationPriceGrowth 65 · Quality 55 · Valuation 50 · Price strength 38 · vs October 2026 up 1
  7. 7Lemon Tree Hotels52scoreGrowthQualityValuationPriceGrowth 51 · Quality 66 · Valuation 47 · Price strength 42 · vs October 2026 up 1
  8. 8Juniper Hotels52scoreGrowthQualityValuationPriceGrowth 60 · Quality 43 · Valuation 65 · Price strength 34 · vs October 2026 down 2
  9. 9EIH48scoreGrowthQualityValuationPriceGrowth 36 · Quality 73 · Valuation 69 · Price strength 16 · vs October 2026 up 1
  10. 10Samhi Hotels45scoreGrowthQualityValuationPriceGrowth 62 · Quality 33 · Valuation 56 · Price strength 21 · vs October 2026 new

Why each one made the top 10

  • Indian Hotels Co: Score 67 of 100. Earnings per share up 31% in the last 12 months. 17.6 points ahead of the Nifty 500 over 3 months.
  • Oriental Hotels: Score 65 of 100. Earnings per share up 36% in the last 12 months. 29.9 points ahead of the Nifty 500 over 3 months. Watch: Peak-quarter margins of 28-30% are the best on record and the latest quarter slipped to 21%.
  • Leela Palaces Hotels & Resorts: Score 61 of 100. Earnings per share up 88% in the last 12 months. 35.9 points ahead of the Nifty 500 over 3 months. Room rates rose 10% to 17% and revenue grew faster than the luxury hotel market. Watch: The ₹268 crore rupee interest saving is a one time step, now finished.
  • India Tourism Development Corporation: Score 55 of 100. Earnings per share up 3% in the last 12 months. Watch: the share is 8.2 points behind the Nifty 500 over 3 months.
  • ITC Hotels: Score 55 of 100. Earnings per share up 78% in the last 12 months. 10.6 points ahead of the Nifty 500 over 3 months.
  • Brigade Hotel Ventures: Score 54 of 100. Earnings per share up 78% in the last 12 months. Next to check, from the October 2026 call: Courtyard Chennai opening inside flagged second-half window. Watch: the share is 3.5 points behind the Nifty 500 over 3 months.
  • Lemon Tree Hotels: Score 52 of 100. Earnings per share up 9% in the last 12 months. 7.6 points ahead of the Nifty 500 over 3 months. Occupancy 75.7 % on the August 2026 call.
  • Juniper Hotels: Score 52 of 100. Earnings per share up 142% in the last 12 months. 8.1 points ahead of the Nifty 500 over 3 months.
  • EIH: Score 48 of 100. Earnings per share up 5% in the last 12 months. Watch: the share is 4.8 points behind the Nifty 500 over 3 months.
  • Samhi Hotels: Score 45 of 100. Earnings per share grew 4 times or more in the last 12 months. Next to check, from the August 2026 call: rate growth to persist beyond July's initial improvement. Watch: the share is 8.2 points behind the Nifty 500 over 3 months.

Left the top 10 since October 2026: Chalet Hotels. See the October 2026 top 10 · See the October 2026 top 10.

How this top 10 is ranked

15 of the 25 hotel companies on this list are worth ₹2,000 crore or more. The 14 of them with a full score are ranked, and 1 have no full score yet. When two scores tie, the one with more price strength ranks higher. Each gets a score out of 100. Growth in sales and profit counts 35%. Business quality counts 25%. Valuation against growth and against the company's own history counts 20%. Price strength counts 20%. Each part is scored against companies in the same industry. This ranks past data and is not a recommendation.

Ranked on October 2026 data, refreshed every month

Which hotel stocks are beating the Nifty 500 now?

This page uses weekly closes, not live prices. In the week to 30 October, 14 of the 22 hotel stocks with a clean price record closed higher and 6 closed lower, and 2 closed flat. The biggest weekly gains were Leela Palaces Hotels & Resorts (+9.7%), Sayaji Hotels (+7.6%) and ITC Hotels (+7.0%). Data as of 6 November 2026.

Show the table and chart

What changed this week (week to 30 October)

  • Passing the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high): 8 at the 30 October scan, against 6 at the 23 October scan
  • Biggest weekly falls: Ventive Hospitality (-4.5%), Mahindra Holidays & Resorts India (-3.8%) and India Tourism Development Corporation (-1.7%)
  • New price breakouts in the week to 30 October: Viceroy Hotels
  • Price breakdowns in the same week: none

"Passes weekly test" below means a 3-month return at least 5 points above the Nifty 500, a market value of ₹500 crore or more and a price within 20% of the 52-week high, checked at each weekly scan.

hotel stocks
CompanyWeek3M vs Nifty 500Passes weekly testWeeks ahead (of 26)
Leela Palaces Hotels & Resorts+9.7%+35.9 ptsYes21
Sayaji Hotels+7.6%+13.1 ptsYes22
ITC Hotels+7.0%+10.6 ptsNo12
Oriental Hotels+6.0%+29.9 ptsYes25
Asian Hotels (North)+4.8%+11.3 ptsNo17
Viceroy Hotels+3.9%+20.5 ptsYes8
Indian Hotels Co+3.8%+17.6 ptsYes21
Apeejay Surrendra Park Hotels+3.7%−11.3 ptsNo6
Brigade Hotel Ventures+3.5%−3.5 ptsNo6
Chalet Hotels+2.1%+7.0 ptsYes19
Kamat Hotels+1.2%+40.3 ptsNo16
Juniper Hotels+0.7%+8.1 ptsNo11
Lemon Tree Hotels+0.3%+7.6 ptsNo7
Royal Orchid Hotels+0.1%−6.0 ptsNo1
TajGVK Hotels & Resorts0.0%−9.0 ptsNo13
EIH Associated Hotels0.0%−2.7 ptsNo2
Advent Hotels International-0.5%−11.8 ptsNo2
EIH-0.6%−4.8 ptsNo5
Samhi Hotels-1.0%−8.2 ptsNo12
India Tourism Development Corporation-1.7%−8.2 ptsNo21
Mahindra Holidays & Resorts India-3.8%−10.6 ptsNo0
Ventive Hospitality-4.5%−7.2 ptsNo2
Benares Hotels+7.5 ptsYes15
U P Hotels+15.0 ptsYes12
Asian Hotels (West)+3.8 ptsNo7

Hotel stocks beating the Nifty 500, week by week

Hotel stocks beating the Nifty 500 went from 6 of 24 on 4 September 2026 to 8 of 25 on 30 October 2026.
WeekBeating the Nifty 500
4 Sep 20266 of 24
11 Sep 20267 of 24
18 Sep 20266 of 24
25 Sep 20266 of 24
1 Oct 20268 of 25
9 Oct 20267 of 25
16 Oct 20269 of 25
23 Oct 20266 of 24
30 Oct 20268 of 25
Hotel stocks beating the Nifty 500 went from 6 of 24 on 4 September 2026 to 8 of 25 on 30 October 2026. Beating means passing the weekly momentum test: 5+ points ahead of the Nifty 500 over 3 months and within 20% of the 52-week high. Today's 25 members, checked back week by week, each week out of those with a scan row that week. Weekly records start on 4 September 2026. Source: Sector Alpha weekly scan.

Weekly closes, week to 30 October 2026 against the week to 23 October 2026. Updated every weekend

P/E and P/B: one figure per company on this page, at the price shown (6 November 2026), from Screener. Each company's "usual" level is its own long-run median, from our weekly valuation record.

Prices and counts are rebuilt every weekend from NSE data. Membership and the companies' own words are checked every month. Written by Sector Alpha. How the numbers are worked out.

Disclosure: Sector Alpha is not a SEBI-registered research analyst. This page is information and education only, not a recommendation to buy, sell or hold any security. No price targets are given. Data: NSE prices through our weekly pipeline. Past performance does not indicate future results.

AboutNewsletterNewsletter archive

Not SEBI Registered !! Not Investment advice !!

More lists

All 51 lists across India, US and crypto

Stock screens

Multibagger study listUndervalued stocksMomentum stocksBreakout stocksHigh growth stocks

Market lists

Stock market this weekNifty 50 companiesNifty Next 50 companies52 week high & low52 week low stocksDividend stocksBonus shares & stock splitsSmall & mid cap stocksPenny stocksInvITs in IndiaREITs in India

Themes

Defence stocksGold & silver stocksCopper & metal stocksSemiconductor stocksAI & data centre stocks

Sectors

Top 25 sectorsIT stocksBank stocksPharma stocksPower & green energy stocksOil & gas stocksReal estate, REIT & cementHotel stocksGold loan companies

US stocks

All US stock listsUS stock market this weekNasdaq 100 companiesS&P 500 companiesDow Jones 30 stocksTop US companiesUS tech stocksUS stock screenerUndervalued US stocksUS penny stocks

Crypto

Cryptocurrencies by market capCrypto market todayCrypto market this weekCrypto prices in INRCrypto gainers & losersMeme coinsAI crypto coinsAltcoinsNew crypto coinsStablecoinsCoins beating Bitcoin