Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

EIH Ltd

EIHOTEL
Hotels

EIH Ltd's stock has fallen further than its earnings. EPS fell 15.0% in a year while the price moved −27.9%.

Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk.

The price is in a downtrend (36 weeks in) while the P/E sits at the 1st percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +224.3% year on year, and 120% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Stage
Turning around
partial read
Price
₹286
−27.9% 1Y
P/E
24.7×
1st pctile
of its own 11-year range
Revenue (Jun 26)
₹657 Cr
+14.5% YoY
Profit (Jun 26)
₹120 Cr
+224.3% YoY
Operating margin
25.0%
−3.0 pp YoY
ROCE
21%
FY26
Cash conversion
120%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 6.2% on reported income across 14 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 5 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

EIH Ltd trades at ₹286, in a downtrend and 36 weeks into that stage. That is −12.1% against its own 200-day average. It sits at 2% of a 52-week range of ₹284 to ₹392. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).

Today the stock is in a downtrend — week 36 of stage 4, confirmed. At ₹286 it trades −12.1% versus its 200-day average and sits at 2% of its 52-week range (₹284–₹392).

Sep 26: ₹286 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−12.1% versus the 200-day line, week 36 of stage 4
Price50-day avg200-day avg
S2S3S4S2S4₹509₹425₹341₹257₹173₹286₹326Sep 23Jun 24Mar 25Jan 26Sep 26
S2S3S4S2S4₹509₹425₹341₹257₹173₹286₹326Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (554 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +173% while the NIFTY 500 moved +267% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-07-31) — 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.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

EIH Ltd trades at 24.7× P/E, about the cheapest it has ever traded. Its long-run median P/E is 46.3×, measured across 10.5 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 24.7× is about the cheapest it has ever traded, against a long-run median of 46.3× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 24.7× vs a 46.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.5-year window; loss-period spikes above 139× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
about the cheapest it has ever traded
P/EMedianEPS (TTM) (quarterly)
148.0×₹13.6114.6×₹10.281.1×₹6.847.6×₹3.414.2×₹0.0×24.70×₹12Mar 16May 18Jul 20Aug 24Sep 26
148.0×₹13.6114.6×₹10.281.1×₹6.847.6×₹3.414.2×₹0.0×24.70×₹12Mar 16Jul 20Sep 26
P/E
24.7×
1st percentile of 11y

Why the multiple sits where it does: over the past year annual EPS moved −15.0% against a −27.9% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 10y, of the +10.0%/yr price move, ~+17.2%/yr came from earnings growth and ~−7.2 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 6.2% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, EIH Ltd was paying for profit growth of about 16.1% a year. Profit itself has compounded 16.5% a year over the past 10 years. Today the market pays 24.7× P/E, the 1st percentile of its own 11-year range.

What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is close to what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: Turning around

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

EIH Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −11.4% at the trough to +4.2% off a 1-quarter-old trough, ROCE holding at 21.0%. The read is built from 8 quarters across 4 curves, on partial evidence.

Growth, year by year: revenue +7.2% in FY26, profit −14.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
119%141%68%22%18%−96%−32%−214%−83%−333%%%7.2%−14.7%FY16FY21FY26
119%141%68%22%18%−96%−32%−214%−83%−333%%%7.2%−14.7%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit stabilising
RevenueProfitEPS
16%67%14%45%11%23%8.9%0.0%6.5%−21%%%8.4%4.2%4.5%Sep 23Dec 24Jun 26
16%67%14%45%11%23%8.9%0.0%6.5%−21%%%8.4%4.2%4.5%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
25%22%20%18%15%%21%FY23FY24FY26
25%22%20%18%15%%21%FY23FY24FY26
Revenue growth
Steady high
latest +8.4% · span +7.2% to +15.4%
Profit growth
Recovering
latest +4.2% · span −14.7% to +60.5%
EPS growth
Recovering
latest +4.5% · span −15.0% to +56.6%
ROCE
Steady high
latest 21.0% · span 16.0%–24.0%

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+7.2%+13.3%+42.9%+5.9%
Profit−14.7%+25.9%+16.5%
EPS−15.0%+26.0%+16.9%
Share price−27.9%+4.5%+21.8%+10.0%
Revenue YoY (Jun 26)
+14.5%
latest quarter vs a year ago
Profit YoY (Jun 26)
+224.3%
latest quarter vs a year ago
Revenue 10y
5.9%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

46.2/100 — rank 14 of 24 in Hotels · 82% evidence confidence

EIH Ltd scores 46.2 out of 100 against the 24 companies it is compared with in Hotels, ranking 14. Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

The four contributions add to the total exactly: 12.1 + 18.3 + 13.3 + 2.5 = 46.2. 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.

06 · Revenue

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

EIH Ltd reported ₹657 Cr of revenue in the Jun 26 quarter, +14.5% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 5.9% a year. The last full year, FY26, came in at ₹2,940 Cr. The last four reported quarters add to ₹3,023 Cr.

FY26 revenue came in at ₹2,940 Cr (+7.2% on the year), capping 10 years at 5.9% compound. The latest quarter (Jun 26) printed ₹657 Cr, +14.5% year on year — the 11th consecutive quarter of year-over-year growth.

FY26 revenue ₹2,940 Cr (+7.2% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
5.9% a year over 10 years
RevenueYoY growth
3.2k119%2.4k68%1.6k18%794−32%0−83%₹ Cr%₹2,9407.2%FY16FY21FY26
3.2k119%2.4k68%1.6k18%794−32%0−83%₹ Cr%₹2,9407.2%FY16FY21FY26
Jun 26: ₹657 Cr (+14.5% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
11th straight quarter of growth
Revenue (quarterly)YoY growth
96729%72521%48314%2426.8%0−0.5%₹ Cr%₹65714.5%Sep 23Dec 24Jun 26
96729%72521%48314%2426.8%0−0.5%₹ Cr%₹65714.5%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +8.3% growth against the decade's 5.9% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +8.4% over the last 4 quarters against +9.1%/yr over the last 8 — stabilising; TTM profit +4.2% vs +5.2%/yr — stabilising.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

EIH Ltd's operating margin is 25.0% in the Jun 26 quarter, −3.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −72.0% to 37.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 25.0%, −3.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −72.0%–37.0%.

🚨 Why the margin moved: operating margin went −2.5 pp year on year while gross margin went −0.3 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 35.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −72.0–37.0% band over 13 years
operating marginYoY change (pp)
46%81%14%35%−18%−11%−49%−57%−81%−103%%%35%−2%FY14FY20FY26
46%81%14%35%−18%−11%−49%−57%−81%−103%%%35%−2%FY14FY20FY26
Jun 26: 25.0% operating margin (−3.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
47%10%41%6.1%35%2.0%29%−2.1%23%−6.1%%%25%−3%Sep 23Dec 24Jun 26
47%10%41%6.1%35%2.0%29%−2.1%23%−6.1%%%25%−3%Sep 23Dec 24Jun 26
08 · Net profit

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

EIH Ltd earned ₹120 Cr of net profit in the Jun 26 quarter, +224.3% year on year. Full-year FY26 profit was ₹657 Cr. The 10-year compound rate is 16.5%. That is 18.3% of the quarter's revenue. The same quarter a year earlier earned ₹37.0 Cr.

Jun 26 profit was ₹120 Cr, +224.3% year on year. On the full year, FY26 printed ₹657 Cr (−14.7%), and the 10-year compound rate is 16.5%.

FY26 profit ₹657 Cr (−14.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
16.5% a year over 10 years
Net profitYoY growth
862141%53015%198−111%−135−236%−467−362%₹ Cr%₹657−14.7%FY16FY21FY26
862141%53015%198−111%−135−236%−467−362%₹ Cr%₹657−14.7%FY16FY21FY26
Jun 26: ₹120 Cr (+224.3% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
301247%226164%15181%750.0%0−85%₹ Cr%₹120224.3%Sep 23Dec 24Jun 26
301247%226164%15181%750.0%0−85%₹ Cr%₹120224.3%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +14.5% and the margin −3.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +49.7% vs revenue +8.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 120% of EIH Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹993 Cr of operating cash against ₹657 Cr of profit. After ₹791 Cr of capital spending, ₹202 Cr was left as free cash.

FY26: operating cash of ₹993 Cr against reported profit of ₹657 Cr, leaving free cash of ₹202 Cr after ₹791 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 120% of profit.

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

FY26: CFO ₹993 Cr vs profit ₹657 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
120% of 3-year profit arrived as cash
Operating cashNet profitFree cash
1.1k706309−88−484₹ Cr₹993₹657₹202FY16FY21FY26
1.1k706309−88−484₹ Cr₹993₹657₹202FY16FY21FY26
FY26: CFO = 151% of profit (three-year rate 120%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
214%184%153%122%92%%151%FY16FY21FY26
214%184%153%122%92%%151%FY16FY21FY26

Why conversion sits at 120%: the cash cycle stretched 284 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 3.8× depreciation over three years, so the next section's job is to check what that build-out is buying.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

EIH Ltd's cash conversion cycle runs −295 days in FY26, up from −579 days in FY21. Capital spending ran ₹1,540 Cr over the last 3 years. At FY26 sales of ₹2,940 Cr each day of that cycle holds about ₹8.1 Cr, so roughly ₹−2,376 Cr sits inside the business at any moment.

FY26: debtors at 32 days, inventory at 84 days — roughly 2.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −295 days, looser than FY21's −579.

The full loop: cash goes out to suppliers and production on day 0; stock waits 84 days to sell; customers pay about 32 days after that; and suppliers themselves are paid at 411 days — netting out to the −295-day cycle.

In money terms: at FY26 sales of ₹2,940 Cr, each day of the cycle holds about ₹8.1 Cr — so the −295-day loop keeps roughly ₹−2,376 Cr sitting inside the business at any moment.

FY26: a −295-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+284 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
1,011584157−270−697days−295d84d32d411dFY14FY17FY20FY23FY26
1,011584157−270−697days−295d84d32d411dFY14FY20FY26

On the investment side: capital spending of ₹1,540 Cr over the last 3 fiscal years against ₹408 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹219 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹791 Cr, work-in-progress ₹219 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
873577281−16−312₹ Cr₹791₹219FY16FY18FY21FY23FY26
873577281−16−312₹ Cr₹791₹219FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

EIH Ltd earns a ROCE of 21% in FY26. That is up from a trough of −11% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 22.3% net margin on 0.45× asset turns.

FY26 ROCE is 21%, recovered from a FY21 trough of −11% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 22.3% net margin × 0.45× asset turns × 1.24× balance-sheet leverage ≈ 12.4% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

FY26: ROCE 21% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's −11%
ROCEWACC
27%17%6.5%−3.7%−14%%21%FY14FY17FY20FY23FY26
27%17%6.5%−3.7%−14%%21%FY14FY20FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 6.2% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

EIH Ltd carries ₹252 Cr of borrowings against ₹5,262 Cr of equity in FY26, a debt-to-equity of 0.05. Operating profit covers the interest bill 45×. Over 5 years borrowings went from ₹510 Cr to ₹252 Cr. Capital spending ran ₹1,540 Cr across the last 3 of those years.

FY26: borrowings of ₹252 Cr against equity of ₹5,262 Cr — a debt-to-equity of 0.05. Operating profit covers the interest bill 45×. Over 5 years borrowings went from ₹510 Cr to ₹252 Cr while capital spending ran ₹1,540 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY26: borrowings ₹252 Cr at 0.05× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
6990.22×5240.18×3490.13×1750.08×00.04×₹ Cr×₹2520.05×FY14FY17FY20FY23FY26
6990.22×5240.18×3490.13×1750.08×00.04×₹ Cr×₹2520.05×FY14FY20FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 6.2% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions added 1.3 points of EIH Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 6.7% of the company. Domestic institutions moved +0.1 points over the same window, to 13.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: +1.3 points over 8 quarters to 6.7%; Domestic institutions: +0.1 points over 8 quarters to 13.8%; Promoters: +0.0 points over 8 quarters to 32.9%.

Why the register moved: foreign institutions drove it (+1.3 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
52%39%27%14%1.8%%32.9%6.6%13.9%46.6%Mar 24Mar 25Mar 26
52%39%27%14%1.8%%32.9%6.6%13.9%46.6%Mar 24Mar 25Mar 26
Foreign institutions added 1.3 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
53%40%27%13%0.0%%32.9%6.7%13.8%46.7%Jun 23Dec 24Jun 26
53%40%27%13%0.0%%32.9%6.7%13.8%46.7%Jun 23Dec 24Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

EIH Ltd: the Z-score is 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.

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

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.

16 · Frequently asked questions

Frequently asked questions

What is EIH Ltd's share price today?

EIH Ltd trades at ₹286, −27.9% over the past year. The company is valued at ₹17,914 Cr. The stock sits at 2% of its 52-week range of ₹284–₹392, −12.1% versus its 200-day average. On the tape, the price is in a downtrend, 36 weeks in. — as of 11 September 2026.

What were EIH Ltd's latest quarterly results?

EIH Ltd reported revenue of ₹657 Cr and net profit of ₹120 Cr for the Jun 26 quarter. Revenue rose 14.5% and profit rose 224.3% year on year. Earnings per share were ₹1.87. The operating margin was 25.0%, 3.0 pp lower than a year earlier. — as of 11 September 2026.

What is EIH Ltd's revenue?

EIH Ltd reported revenue of ₹657 Cr in the Jun 26 quarter, +14.5% year on year. For the full FY26 fiscal year, revenue was ₹2,940 Cr (+7.2%). Over the last 10 years revenue compounded at 5.9% a year. — as of 11 September 2026.

What is EIH Ltd's profit?

EIH Ltd earned ₹120 Cr of net profit in the Jun 26 quarter, +224.3% year on year. Full-year FY26 profit was ₹657 Cr. The operating margin ran 25.0% in the latest quarter. — as of 11 September 2026.

What is EIH Ltd's market cap?

EIH Ltd's market capitalisation is ₹17,914 Cr at a share price of ₹286. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is EIH Ltd's P/E ratio?

EIH Ltd trades at a P/E of 24.7×, at the 1st percentile of its own 11-year range, against a long-run median of 46.3×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does EIH Ltd pay a dividend?

Yes — EIH Ltd's dividend payout was 15% of profit in FY26, and it recorded a payout in 10 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.

Is EIH Ltd overvalued?

On its own history, EIH Ltd looks cheap: its P/E of 24.7× has been cheaper only 1% of the time in 11 years (long-run median 46.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is EIH Ltd growing?

Yes — EIH Ltd is growing: latest-quarter revenue +14.5% year on year, profit +224.3%, and the margin −3.0 pp at 25.0%. The 10-year compound rates are 5.9% (revenue) and 16.5% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is EIH Ltd performing?

EIH Ltd is in a downtrend, 36 weeks in. Its latest quarter's revenue rose 14.5% and profit rose 224.3% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is EIH Ltd in?

Turning around — profit growth swung from −11.4% at the trough to +4.2% off a 1-quarter-old trough, ROCE holding at 21.0%. The read comes from the last 12 quarters of growth (revenue growth +8.4% latest, profit growth +4.2% latest, eps growth +4.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is EIH Ltd in an uptrend?

No — the price is in a downtrend (week 36 of stage 4), trading −12.1% versus its 200-day average and at 2% 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 11 September 2026.

Is EIH Ltd beating the market?

Not lately — on a trailing-13-week view EIH Ltd is currently behind the NIFTY 500 (6 weeks and counting; last ahead the week of 2026-07-31), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +173% against the NIFTY 500's +267% — behind the index over the full window. — as of 11 September 2026.

Will EIH Ltd's share price go up?

This page publishes no price forecast for EIH Ltd. What it measures instead: the share price is ₹286, the price is in a downtrend 36 weeks in. Its P/E of 24.7× sits at the 1st percentile of its own 11-year range. Direction is not something this site claims to know. — as of 11 September 2026.

Who owns EIH Ltd?

Promoters hold 32.9% of EIH Ltd, foreign institutions 6.7%, domestic institutions 13.8% and the public 46.7% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 1.3 points over 8 quarters. — as of 11 September 2026.

Does EIH Ltd have too much debt?

No — EIH Ltd's debt-to-equity is 0.05, and operating profit covers the interest bill 45×. FY26 borrowings were ₹252 Cr against equity of ₹5,262 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is EIH Ltd's capex?

EIH Ltd spent ₹1,540 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹791 Cr, with ₹219 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is EIH Ltd's cash flow?

EIH Ltd generated ₹993 Cr of operating cash flow in FY26 and ₹202 Cr of free cash flow after ₹791 Cr of capital spending. Reported profit that year was ₹657 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is EIH Ltd's profit real cash?

Yes — over the last 3 fiscal years, 120% of EIH Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹993 Cr against reported profit of ₹657 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is EIH Ltd in its business cycle?

EIH Ltd's FY26 operating margin was 35.0%, against a 13-year band of −72.0%–37.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 25.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does EIH Ltd's price assume?

At its price on 13 June 2026, EIH Ltd was priced for profit growth of about 16.1% a year. Profit itself has compounded 16.5% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the EIH Ltd story?

Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk. 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 11 September 2026.

Is EIH Ltd a stock worth studying right now?

This is not investment advice. The machine read: EIH Ltd's stock has fallen further than its earnings. EPS fell 15.0% in a year while the price moved −27.9%. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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