Chalet Hotels Ltd
CHALETChalet Hotels Ltd is cheap for a reason. The P/E sits at the 15th percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: annual EPS moved +351.1% against a −8.9% price move — the market has not yet caught up with the delivery.
The price is in a downtrend (30 weeks in) while the P/E sits at the 15th percentile of its own 8-year range. Underneath, the last four quarters read deteriorating — profit −57.6% year on year, and 254% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Chalet Hotels Ltd trades at ₹811, in a downtrend and 30 weeks into that stage. That is −1.8% against its own 200-day average. It sits at 29% of a 52-week range of ₹724 to ₹1,030. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 10 straight weeks.
Today the stock is in a downtrend — week 30 of stage 4, confirmed. At ₹811 it trades −1.8% versus its 200-day average and sits at 29% of its 52-week range (₹724–₹1,030).
Against the market, two honest reads. Cumulative: over the last 7.5 years the stock moved +178% while the NIFTY 500 moved +164% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 10 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Chalet Hotels Ltd trades at 33.2× P/E, near the bottom of its own range — cheaper only 15% of the time. Its long-run median P/E is 73.2×, measured across 7.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 33.2× is near the bottom of its own range — cheaper only 15% of the time, against a long-run median of 73.2× measured over 7.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +351.1% against a −8.9% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 3y, of the +19.5%/yr price move, ~+34.0%/yr came from earnings growth and ~−14.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Chalet Hotels Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: revenue growth has eased from +69.4% at its peak to +6.0% but is still expanding, ROCE holding at 18.4%. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +61.2% | +34.9% | +57.5% | +16.9% |
| Profit | +354.2% | +52.2% | — | — |
| EPS | +351.1% | +48.8% | — | — |
| Share price | −8.9% | +19.5% | +35.6% | — |
4-Factor Sector Score
67.7/100 — rank 1 of 24 in Hotels · 94% evidence confidence
Chalet Hotels Ltd scores 67.7 out of 100 against the 24 companies it is compared with in Hotels, ranking 1. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 25 + 15.3 + 16.6 + 10.8 = 67.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Chalet Hotels Ltd reported ₹512 Cr of revenue in the Jun 26 quarter, −42.8% year on year. Over 10 years it has compounded at 16.9% a year. The last full year, FY26, came in at ₹2,770 Cr. The last four reported quarters add to ₹2,387 Cr.
FY26 revenue came in at ₹2,770 Cr (+61.2% on the year), capping 10 years at 16.9% compound. The latest quarter (Jun 26) printed ₹512 Cr, −42.8% year on year.
Pace check: the last four quarters averaged +21.6% growth against the decade's 16.9% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +6.0% over the last 4 quarters against +27.5%/yr over the last 8 — rolling over; TTM profit +85.3% vs +45.3%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Chalet Hotels Ltd's operating margin is 46.0% in the Jun 26 quarter, +6.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 2.5% to 43.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 46.0%, +6.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 2.5%–43.0%, and FY26's 43.0% is the top of that band — a record year.
Why the margin moved: operating margin went +5.7 pp year on year while gross margin went +23.9 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Chalet Hotels Ltd earned ₹86.0 Cr of net profit in the Jun 26 quarter, −57.6% year on year. Full-year FY26 profit was ₹645 Cr. That is 16.8% of the quarter's revenue. The same quarter a year earlier earned ₹203 Cr. 1 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹86.0 Cr, −57.6% year on year. On the full year, FY26 printed ₹645 Cr (+354.2%).
🚨 Why profit moved: revenue contributed −42.8% and the margin +6.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +0.6% vs revenue +21.6%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 254% of Chalet Hotels Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹1,067 Cr of operating cash against ₹645 Cr of profit. After ₹662 Cr of capital spending, ₹405 Cr was left as free cash.
FY26: operating cash of ₹1,067 Cr against reported profit of ₹645 Cr, leaving free cash of ₹405 Cr after ₹662 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 254% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 254%: the cash cycle tightened 5,355 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 4.4× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Chalet Hotels Ltd's cash conversion cycle runs 76 days in FY26, down from 5,431 days in FY21. Capital spending ran ₹2,420 Cr over the last 3 years. At FY26 sales of ₹2,770 Cr each day of that cycle holds about ₹7.6 Cr, so roughly ₹577 Cr sits inside the business at any moment.
FY26: debtors at 9 days, inventory at 174 days — roughly 5.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 76 days, tighter than FY21's 5,431.
The full loop: cash goes out to suppliers and production on day 0; stock waits 174 days to sell; customers pay about 9 days after that; and suppliers themselves are paid at 106 days — netting out to the 76-day cycle.
In money terms: at FY26 sales of ₹2,770 Cr, each day of the cycle holds about ₹7.6 Cr — so the 76-day loop keeps roughly ₹577 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹2,420 Cr over the last 3 fiscal years against ₹547 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹132 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Chalet Hotels Ltd earns a ROCE of 17% in FY26. That is up from a trough of −3% in FY21. Return on invested capital clears the cost of that capital by −0.9 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 23.3% net margin on 0.38× asset turns.
FY26 ROCE is 17%, recovered from a FY21 trough of −3% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 23.3% net margin × 0.38× asset turns × 1.98× balance-sheet leverage ≈ 17.5% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 11.1% − 12.0% = a −0.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Chalet Hotels Ltd carries total debt of ₹2,368 Cr against shareholder equity of ₹3,697 Cr as of Mar 26, a debt-to-equity of 0.64. On the annual view that ratio went from 1.94 in FY22 to 0.64 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹2,368 Cr against shareholder equity of ₹3,697 Cr — a debt-to-equity of 0.64. On the annual view, debt-to-equity went from 1.94 (FY22) to 0.64 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 3.5 points of Chalet Hotels Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 25.0% of the company. Foreign institutions moved −2.5 points over the same window, to 4.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +3.5 points over 8 quarters to 25.0%; Foreign institutions: −2.5 points over 8 quarters to 4.3%; Promoters: −0.2 points over 8 quarters to 67.3%.
Why the register moved: rotation — foreign institutions −2.5 points against domestic institutions +3.5 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Chalet Hotels Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Chalet Hotels Ltdthis pageCHALET | 67.7/100Favorable setup94% evidence | TURNING | 25.0/35 Revenue 6% · PAT 85.3% · OPM change 6 pp 100% evidence | 15.3/25 ROCE 17.1% · OPM 46% 100% evidence | 16.6/20 P/E 33.2× · PEG 0.83 100% evidence | 10.8/20 RS sector 3.6% · RS bench -7% · 1Y -11.8%2 of 10 weeks ahead 70% evidence |
| Exact sum: 25 + 15.3 + 16.6 + 10.8 = 67.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Travel Food Services LtdTRAVELFOOD | 64.3/100Mixed-positive evidence65% evidence | TURNING | 19.8/35 Revenue -2.4% · PAT 19.2% · OPM change 3 pp 83% evidence | 21.0/25 ROCE 42.4% · OPM 40% 76% evidence | 9.0/20 P/E 38.9× · PEG — 15% evidence | 14.5/20 RS sector 7.5% · RS bench 2.9% · 1Y 12.9%1 of 12 weeks ahead 70% evidence |
| Exact sum: 19.8 + 21 + 9 + 14.5 = 64.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Indian Hotels Co LtdINDHOTEL | 62.3/100Mixed-positive evidence82% evidence | BREAKING OUT | 19.2/35 Revenue 13.2% · PAT 9.5% · OPM change 1 pp 95% evidence | 16.4/25 ROCE 17.1% · OPM 29% 76% evidence | 9.7/20 P/E 54.1× · PEG — 50% evidence | 17.0/20 RS sector 8.7% · RS bench 3.8% · 1Y -1%7 of 12 weeks ahead 100% evidence |
| Exact sum: 19.2 + 16.4 + 9.7 + 17 = 62.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Oriental Hotels LtdORIENTHOT | 62.0/100Mixed-positive evidence93% evidence | BREAKING OUT | 17.5/35 Revenue 6.9% · PAT 41.1% · OPM change -2.8 pp 100% evidence | 10.8/25 ROCE 12.1% · OPM 21% 100% evidence | 13.8/20 P/E 35× · PEG 0.66 65% evidence | 19.9/20 RS sector 18.8% · RS bench 12.9% · 1Y -10.3%8 of 12 weeks ahead 100% evidence |
| Exact sum: 17.5 + 10.8 + 13.8 + 19.9 = 62 · Decision use: Price leads the evidence: RS versus the benchmark is 12.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 5Asian Hotels (West) LtdAHLWEST | 61.2/100Mixed-positive evidence62% evidence | TURNING | 21.9/35 Revenue 6.1% · PAT 62.5% · OPM change 5 pp 62% evidence | 19.6/25 ROCE 19.7% · OPM 45% 95% evidence | 11.4/20 P/E 7.7× · PEG — 15% evidence | 8.3/20 RS sector -25% · RS bench 47.5% · 1Y —4 of 4 weeks ahead 70% evidence |
| Exact sum: 21.9 + 19.6 + 11.4 + 8.3 = 61.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Benares Hotels LtdBENARAS | 58.3/100Thin evidence · provisional57% evidence | 16.3/35 Revenue 14.8% · PAT 12.8% · OPM change -1 pp 53% evidence | 19.0/25 ROCE 37.3% · OPM 47% 57% evidence | 8.7/20 P/E 28.1× · PEG — 50% evidence | 14.3/20 RS sector 12.1% · RS bench -0.8% · 1Y -1.9%4 of 12 weeks ahead to 2026-03-08 70% evidence | |
| Exact sum: 16.3 + 19 + 8.7 + 14.3 = 58.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 7TajGVK Hotels & Resorts LtdTAJGVK | 57.7/100Mixed-positive evidence87% evidence | TURNING | 21.4/35 Revenue 22.5% · PAT 100% · OPM change 0 pp 100% evidence | 12.3/25 ROCE 13.2% · OPM 30% 100% evidence | 16.0/20 P/E 15.9× · PEG 0.43 65% evidence | 8.0/20 RS sector -3.6% · RS bench -3.8% · 1Y -11.7%4 of 11 weeks ahead 70% evidence |
| Exact sum: 21.4 + 12.3 + 16 + 8 = 57.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Leela Palaces Hotels & Resorts LtdTHELEELA | 57.0/100Mixed-positive evidence87% evidence | BREAKING OUT | 24.4/35 Revenue 19.1% · PAT 100% · OPM change -1 pp 100% evidence | 8.2/25 ROCE 8.7% · OPM 36% 100% evidence | 8.0/20 P/E 36.8× · PEG 1.65 65% evidence | 16.4/20 RS sector 17.1% · RS bench 12.3% · 1Y 11.1%7 of 12 weeks ahead 70% evidence |
| Exact sum: 24.4 + 8.2 + 8 + 16.4 = 57 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9EIH LtdEIHOTEL | 51.2/100Mixed-positive evidence72% evidence | TURNING | 11.0/35 Revenue 7.2% · PAT -14.7% · OPM change -5 pp 83% evidence | 18.9/25 ROCE 20.7% · OPM 37% 76% evidence | 12.7/20 P/E 28.6× · PEG — 50% evidence | 8.6/20 RS sector -1.2% · RS bench -7.2% · 1Y -12.8%0 of 10 weeks ahead 70% evidence |
| Exact sum: 11 + 18.9 + 12.7 + 8.6 = 51.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Lemon Tree Hotels LtdLEMONTREE | 50.2/100Mixed-positive evidence65% evidence | ASLEEP | 18.8/35 Revenue 12.3% · PAT 18.5% · OPM change -2 pp 83% evidence | 16.5/25 ROCE 14% · OPM 52% 76% evidence | 9.6/20 P/E 34.9× · PEG — 15% evidence | 5.3/20 RS sector -8.5% · RS bench -20.8% · 1Y -28.8%0 of 10 weeks ahead 70% evidence |
| Exact sum: 18.8 + 16.5 + 9.6 + 5.3 = 50.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Ventive Hospitality LtdVENTIVE | 49.3/100Mixed-negative evidence71% evidence | ASLEEP | 22.5/35 Revenue 53.3% · PAT 100% · OPM change -1 pp 83% evidence | 12.9/25 ROCE 10.8% · OPM 49% 76% evidence | 9.7/20 P/E 33.9× · PEG — 15% evidence | 4.2/20 RS sector -6.4% · RS bench -10.6% · 1Y -17.9%1 of 12 weeks ahead 100% evidence |
| Exact sum: 22.5 + 12.9 + 9.7 + 4.2 = 49.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12ITC Hotels LtdITCHOTELS | 49.1/100Mixed-negative evidence93% evidence | ASLEEP | 23.1/35 Revenue 16.1% · PAT 26.9% · OPM change 1 pp 100% evidence | 10.2/25 ROCE 11.2% · OPM 31% 100% evidence | 11.0/20 P/E 36.7× · PEG 1.15 65% evidence | 4.8/20 RS sector -10.5% · RS bench -15.1% · 1Y -32.5%3 of 12 weeks ahead 100% evidence |
| Exact sum: 23.1 + 10.2 + 11 + 4.8 = 49.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -10.5% and the one-year return is -32.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 13Samhi Hotels LtdSAMHI | 48.9/100Mixed-negative evidence79% evidence | TURNING | 16.4/35 Revenue 11.1% · PAT 100% · OPM change -6 pp 88% evidence | 5.9/25 ROCE 8.9% · OPM 32% 100% evidence | 11.2/20 P/E 9.7× · PEG — 15% evidence | 15.4/20 RS sector 4.6% · RS bench -0.5% · 1Y -23.6%6 of 12 weeks ahead 100% evidence |
| Exact sum: 16.4 + 5.9 + 11.2 + 15.4 = 48.9 · Decision use: Price leads the evidence: RS versus the benchmark is -0.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 14Juniper Hotels LtdJUNIPER | 48.4/100Mixed-negative evidence89% evidence | BASING | 23.4/35 Revenue 10.8% · PAT 98.6% · OPM change 2 pp 88% evidence | 10.4/25 ROCE 8.1% · OPM 44% 100% evidence | 11.1/20 P/E 25× · PEG 1.3 65% evidence | 3.5/20 RS sector -14.1% · RS bench -18.3% · 1Y -37.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 23.4 + 10.4 + 11.1 + 3.5 = 48.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.1% and the one-year return is -37.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 15U P Hotels LtdUPHOT | 48.0/100Thin evidence · provisional57% evidence | 11.4/35 Revenue 6% · PAT 0% · OPM change -5 pp 53% evidence | 17.1/25 ROCE 23.6% · OPM 38% 57% evidence | 10.2/20 P/E 25.8× · PEG — 50% evidence | 9.3/20 RS sector 1.2% · RS bench -10.6% · 1Y -21.2%0 of 12 weeks ahead to 2026-03-08 70% evidence | |
| Exact sum: 11.4 + 17.1 + 10.2 + 9.3 = 48 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 16EIH Associated Hotels LtdEIHAHOTELS | 45.6/100Mixed-negative evidence77% evidence | ASLEEP | 8.5/35 Revenue -6.1% · PAT -4.3% · OPM change -4 pp 83% evidence | 16.9/25 ROCE 21.2% · OPM 39% 95% evidence | 12.7/20 P/E 21× · PEG — 50% evidence | 7.5/20 RS sector -1.9% · RS bench -11.4% · 1Y -19.9%0 of 10 weeks ahead 70% evidence |
| Exact sum: 8.5 + 16.9 + 12.7 + 7.5 = 45.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17Sayaji Hotels LtdSAYAJIHOTL | 44.5/100Thin evidence · provisional59% evidence | 15.9/35 Revenue 7.6% · PAT -80% · OPM change 12 pp 62% evidence | 4.2/25 ROCE 0% · OPM 19.3% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 14.4/20 RS sector 9.1% · RS bench -0.3% · 1Y -3.2%2 of 11 weeks ahead 70% evidence | |
| Exact sum: 15.9 + 4.2 + 10 + 14.4 = 44.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 18Viceroy Hotels LtdVHLTD | 44.2/100Mixed-negative evidence79% evidence | ASLEEP | 21.0/35 Revenue 24.4% · PAT -69.2% · OPM change 10.8 pp 71% evidence | 7.5/25 ROCE 7.1% · OPM 25.6% 95% evidence | 5.9/20 P/E 39.8× · PEG — 50% evidence | 9.8/20 RS sector 3.7% · RS bench -0.1% · 1Y 27.5%0 of 12 weeks ahead 100% evidence |
| Exact sum: 21 + 7.5 + 5.9 + 9.8 = 44.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19Kamat Hotels (India) LtdKAMATHOTEL | 44.0/100Mixed-negative evidence77% evidence | ASLEEP | 12.9/35 Revenue 8.4% · PAT -17.4% · OPM change 2 pp 83% evidence | 16.1/25 ROCE 15.8% · OPM 29% 95% evidence | 11.5/20 P/E 11.5× · PEG — 50% evidence | 3.5/20 RS sector -20.6% · RS bench -25.4% · 1Y -32.2%2 of 11 weeks ahead 70% evidence |
| Exact sum: 12.9 + 16.1 + 11.5 + 3.5 = 44 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20Asian Hotels (North) LtdASIANHOTNR | 42.1/100Thin evidence · provisional53% evidence | ASLEEP | 16.8/35 Revenue 81.1% · PAT 100% · OPM change -9 pp 36% evidence | 4.3/25 ROCE 3.5% · OPM 23% 95% evidence | 8.5/20 P/E 474× · PEG — 15% evidence | 12.5/20 RS sector 8.5% · RS bench -4.8% · 1Y -15.7%2 of 10 weeks ahead 70% evidence |
| Exact sum: 16.8 + 4.3 + 8.5 + 12.5 = 42.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 21Royal Orchid Hotels LtdROHLTD | 37.5/100Mixed-negative evidence77% evidence | ASLEEP | 13.5/35 Revenue 20.3% · PAT -29.8% · OPM change -0.4 pp 83% evidence | 11.2/25 ROCE 10.8% · OPM 22.6% 95% evidence | 8.2/20 P/E 27.7× · PEG — 50% evidence | 4.6/20 RS sector -9.8% · RS bench -21.2% · 1Y -26%0 of 10 weeks ahead 70% evidence |
| Exact sum: 13.5 + 11.2 + 8.2 + 4.6 = 37.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22Apeejay Surrendra Park Hotels LtdPARKHOTELS | 32.2/100Adverse evidence83% evidence | ASLEEP | 11.1/35 Revenue 11.7% · PAT -22.6% · OPM change -6 pp 88% evidence | 11.3/25 ROCE 9.4% · OPM 29% 100% evidence | 3.9/20 P/E 39.1× · PEG 3.5 65% evidence | 5.9/20 RS sector -9.8% · RS bench -8.2% · 1Y -20.7%1 of 10 weeks ahead 70% evidence |
| Exact sum: 11.1 + 11.3 + 3.9 + 5.9 = 32.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 23Advent Hotels International LtdADVENTHTL | 44.9/100Thin evidence · provisional43% evidence | ASLEEP | 16.2/35 Revenue — · PAT — · OPM change -10.6 pp 45% evidence | 7.9/25 ROCE 6.8% · OPM 37.8% 95% evidence | 10.8/20 P/E 16.4× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence |
| Exact sum: 16.2 + 7.9 + 10.8 + 10 = 44.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 24HLV LtdHLVLTD | 41.2/100Thin evidence · provisional38% evidence | 17.9/35 Revenue -26.1% · PAT 100% · OPM change — 16% evidence | 8.6/25 ROCE 7.8% · OPM -39% 60% evidence | 11.5/20 P/E 2.8× · PEG — 15% evidence | 3.2/20 RS sector -29.5% · RS bench -24.8% · 1Y -43.6%1 of 8 weeks ahead 70% evidence | |
| Exact sum: 17.9 + 8.6 + 11.5 + 3.2 = 41.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Chalet Hotels Ltd's share price today?
Chalet Hotels Ltd trades at ₹811, −8.9% over the past year. The company is valued at ₹17,769 Cr. The stock sits at 29% of its 52-week range of ₹724–₹1,030, −1.8% versus its 200-day average. On the tape, the price is in a downtrend, 30 weeks in. — as of 31 July 2026.
What were Chalet Hotels Ltd's latest quarterly results?
Chalet Hotels Ltd reported revenue of ₹512 Cr and net profit of ₹86.0 Cr for the Jun 26 quarter. Revenue fell 42.8% and profit fell 57.6% year on year. Earnings per share were ₹3.93. The operating margin was 46.0%, 6.0 pp higher than a year earlier. — as of 31 July 2026.
What is Chalet Hotels Ltd's revenue?
Chalet Hotels Ltd reported revenue of ₹512 Cr in the Jun 26 quarter, −42.8% year on year. For the full FY26 fiscal year, revenue was ₹2,770 Cr (+61.2%). Over the last 10 years revenue compounded at 16.9% a year. — as of 31 July 2026.
What is Chalet Hotels Ltd's profit?
Chalet Hotels Ltd earned ₹86.0 Cr of net profit in the Jun 26 quarter, −57.6% year on year. Full-year FY26 profit was ₹645 Cr. The operating margin ran 46.0% in the latest quarter. — as of 31 July 2026.
What is Chalet Hotels Ltd's market cap?
Chalet Hotels Ltd's market capitalisation is ₹17,769 Cr at a share price of ₹811. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Chalet Hotels Ltd's P/E ratio?
Chalet Hotels Ltd trades at a P/E of 33.2×, at the 15th percentile of its own 8-year range, against a long-run median of 73.2×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Chalet Hotels Ltd pay a dividend?
Yes — Chalet Hotels Ltd's dividend payout was 7% of profit in FY26, and it recorded a payout in 1 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Chalet Hotels Ltd overvalued?
On its own history, Chalet Hotels Ltd looks cheap against its own history: its P/E of 33.2× has been cheaper only 15% of the time in 8 years (long-run median 73.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 31 July 2026.
Is Chalet Hotels Ltd growing?
Not right now — Chalet Hotels Ltd's latest numbers are shrinking: latest-quarter revenue −42.8% year on year, profit −57.6%, and the margin +6.0 pp at 46.0%. The earnings engine currently reads: deteriorating — as of 31 July 2026.
How is Chalet Hotels Ltd performing?
Chalet Hotels Ltd is in a downtrend, 30 weeks in. Its latest quarter's revenue fell 42.8% and profit fell 57.6% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 10 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Chalet Hotels Ltd in?
Mixed — growth is normalizing off a hyper-growth base: revenue growth has eased from +69.4% at its peak to +6.0% but is still expanding, ROCE holding at 18.4%. The read comes from the last 12 quarters of growth (revenue growth +6.0% latest, profit growth +85.3% latest, eps growth +85.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Chalet Hotels Ltd in an uptrend?
No — the price is in a downtrend (week 30 of stage 4), trading −1.8% versus its 200-day average and at 29% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Chalet Hotels Ltd beating the market?
On recent form, yes — Chalet Hotels Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 10 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 7.5 years the stock moved +178% against the NIFTY 500's +164% — ahead of the index over the full window. — as of 31 July 2026.
Will Chalet Hotels Ltd's share price go up?
This page publishes no price forecast for Chalet Hotels Ltd. What it measures instead: the share price is ₹811, the price is in a downtrend 30 weeks in. Its P/E of 33.2× sits at the 15th percentile of its own 8-year range. — as of 31 July 2026.
Who owns Chalet Hotels Ltd?
Promoters hold 67.3% of Chalet Hotels Ltd, foreign institutions 4.3%, domestic institutions 25.0% and the public 3.5% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 3.5 points over 8 quarters. — as of 31 July 2026.
Does Chalet Hotels Ltd have too much debt?
It is moderate — Chalet Hotels Ltd's debt-to-equity is 0.64, and operating profit covers the interest bill 7×. FY26 borrowings were ₹2,368 Cr against equity of ₹3,698 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is Chalet Hotels Ltd's capex?
Chalet Hotels Ltd spent ₹2,420 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹662 Cr, with ₹132 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Chalet Hotels Ltd's cash flow?
Chalet Hotels Ltd generated ₹1,067 Cr of operating cash flow in FY26 and ₹405 Cr of free cash flow after ₹662 Cr of capital spending. Reported profit that year was ₹645 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Chalet Hotels Ltd's profit real cash?
Yes — over the last 3 fiscal years, 254% of Chalet Hotels Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹1,067 Cr against reported profit of ₹645 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Chalet Hotels Ltd in its business cycle?
Chalet Hotels Ltd's FY26 operating margin was 43.0%, against a 13-year band of 2.5%–43.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 46.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Chalet Hotels Ltd story?
The sharpest disagreement: annual EPS moved +351.1% against a −8.9% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Chalet Hotels Ltd a stock worth studying right now?
This is not investment advice. The machine read: Chalet Hotels Ltd is cheap for a reason. The P/E sits at the 15th percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.