Indian Hotels Co Ltd
INDHOTELIndian Hotels Co Ltd is coiled. The quarters are improving, yet the P/E sits at the 18th percentile of its own 8-year range — the business is moving before the market.
The sharpest disagreement: Foreign institutions moved −5.5 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is building a base (5 weeks in) while the P/E sits at the 18th percentile of its own 8-year range. Underneath, the last four quarters read improving — profit +18.8% year on year, and 118% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.
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.
Indian Hotels Co Ltd trades at ₹739, building a base and 5 weeks into that stage. That is +6.1% against its own 200-day average. It sits at 92% of a 52-week range of ₹583 to ₹752. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 16 straight weeks.
Today the stock is building a base — week 5 of stage 1. At ₹739 it trades +6.1% versus its 200-day average and sits at 92% of its 52-week range (₹583–₹752).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +731% while the NIFTY 500 moved +276% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 16 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.
Indian Hotels Co Ltd trades at 54.1× P/E, near the bottom of its own range — cheaper only 18% of the time. Its long-run median P/E is 64.5×, measured across 8.2 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 54.1× is near the bottom of its own range — cheaper only 18% of the time, against a long-run median of 64.5× measured over 8.2 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 +9.3% against a −0.4% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 3y, of the +23.5%/yr price move, ~+22.8%/yr came from earnings growth and ~+0.7 pp from the multiple (roughly flat). 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.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 10% 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.
Stage: Consistent 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).
Indian Hotels Co Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 17.0% and holding. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
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.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +16.2% | +18.6% | +43.8% | +9.2% |
| Profit | +10.3% | +28.7% | — | — |
| EPS | +9.3% | +27.5% | — | — |
| Share price | −0.4% | +23.5% | +39.3% | +19.7% |
4-Factor Sector Score
62.3/100 — rank 3 of 24 in Hotels · 82% evidence confidence
Indian Hotels Co Ltd scores 62.3 out of 100 against the 24 companies it is compared with in Hotels, ranking 3. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 19.2 + 16.4 + 9.7 + 17 = 62.3. 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.
Indian Hotels Co Ltd reported ₹2,339 Cr of revenue in the Jun 26 quarter, +14.6% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.2% a year. The last full year, FY26, came in at ₹9,689 Cr. The last four reported quarters add to ₹9,987 Cr.
FY26 revenue came in at ₹9,689 Cr (+16.2% on the year), capping 10 years at 9.2% compound. The latest quarter (Jun 26) printed ₹2,339 Cr, +14.6% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +13.2% growth against the decade's 9.2% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +13.2% over the last 4 quarters against +20.7%/yr over the last 8 — rolling over; TTM profit +9.5% vs +30.6%/yr — rolling over.
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.
Indian Hotels Co Ltd's operating margin is 29.0% in the Jun 26 quarter, +1.0 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 −23.0% to 33.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 29.0%, +1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −23.0%–33.0%, and FY26's 33.0% is the top of that band — a record year.
Why the margin moved: operating margin went +0.5 pp year on year while gross margin went +0.4 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.
Indian Hotels Co Ltd earned ₹391 Cr of net profit in the Jun 26 quarter, +18.8% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹2,247 Cr. That is 16.7% of the quarter's revenue. The same quarter a year earlier earned ₹329 Cr.
Jun 26 profit was ₹391 Cr, +18.8% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹2,247 Cr (+10.3%).
Why profit moved: revenue contributed +14.6% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +9.7% vs revenue +13.2%. 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 118% of Indian Hotels Co Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹2,471 Cr of operating cash against ₹2,247 Cr of profit. After ₹2,051 Cr of capital spending, ₹420 Cr was left as free cash.
FY26: operating cash of ₹2,471 Cr against reported profit of ₹2,247 Cr, leaving free cash of ₹420 Cr after ₹2,051 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 118% 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 118%: the cash cycle stretched 329 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 3.4× 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).
Indian Hotels Co Ltd's cash conversion cycle runs −191 days in FY26, up from −520 days in FY21. Capital spending ran ₹5,423 Cr over the last 3 years. At FY26 sales of ₹9,689 Cr each day of that cycle holds about ₹26.5 Cr, so roughly ₹−5,070 Cr sits inside the business at any moment.
FY26: debtors at 27 days, inventory at 57 days — roughly 1.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −191 days, looser than FY21's −520.
The full loop: cash goes out to suppliers and production on day 0; stock waits 57 days to sell; customers pay about 27 days after that; and suppliers themselves are paid at 276 days — netting out to the −191-day cycle.
In money terms: at FY26 sales of ₹9,689 Cr, each day of the cycle holds about ₹26.5 Cr — so the −191-day loop keeps roughly ₹−5,070 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹5,423 Cr over the last 3 fiscal years against ₹1,577 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹787 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.
Indian Hotels Co Ltd earns a ROCE of 17% in FY26. That is up from a trough of −6% 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 23.2% net margin on 0.48× asset turns.
FY26 ROCE is 17%, recovered from a FY21 trough of −6% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 23.2% net margin × 0.48× asset turns × 1.55× balance-sheet leverage ≈ 17.3% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
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 10% 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.
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.
Indian Hotels Co Ltd carries ₹2,837 Cr of borrowings against ₹13,052 Cr of equity in FY26, a debt-to-equity of 0.22. Operating profit covers the interest bill 15×. Over 5 years borrowings went from ₹5,518 Cr to ₹2,837 Cr. Capital spending ran ₹5,423 Cr across the last 3 of those years.
FY26: borrowings of ₹2,837 Cr against equity of ₹13,052 Cr — a debt-to-equity of 0.22. Operating profit covers the interest bill 15×. Over 5 years borrowings went from ₹5,518 Cr to ₹2,837 Cr while capital spending ran ₹5,423 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.
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 10% 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.
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 6.2 points of Indian Hotels Co Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 24.5% of the company. Foreign institutions moved −5.5 points over the same window, to 21.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +6.2 points over 8 quarters to 24.5%; Foreign institutions: −5.5 points over 8 quarters to 21.7%; Promoters: +0.0 points over 8 quarters to 38.1%.
Why the register moved: rotation — foreign institutions −5.5 points against domestic institutions +6.2 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.
Indian Hotels Co 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 LtdCHALET | 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 Ltdthis pageINDHOTEL | 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 Indian Hotels Co Ltd's share price today?
Indian Hotels Co Ltd trades at ₹739, −0.4% over the past year. The company is valued at ₹1,05,128 Cr. The stock sits at 92% of its 52-week range of ₹583–₹752, +6.1% versus its 200-day average. On the tape, the price is building a base, 5 weeks in. — as of 31 July 2026.
What were Indian Hotels Co Ltd's latest quarterly results?
Indian Hotels Co Ltd reported revenue of ₹2,339 Cr and net profit of ₹391 Cr for the Jun 26 quarter. Revenue rose 14.6% and profit rose 18.8% year on year. Earnings per share were ₹2.51. The operating margin was 29.0%, 1.0 pp higher than a year earlier. — as of 31 July 2026.
What is Indian Hotels Co Ltd's revenue?
Indian Hotels Co Ltd reported revenue of ₹2,339 Cr in the Jun 26 quarter, +14.6% year on year. For the full FY26 fiscal year, revenue was ₹9,689 Cr (+16.2%). Over the last 10 years revenue compounded at 9.2% a year. — as of 31 July 2026.
What is Indian Hotels Co Ltd's profit?
Indian Hotels Co Ltd earned ₹391 Cr of net profit in the Jun 26 quarter, +18.8% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹2,247 Cr. The operating margin ran 29.0% in the latest quarter. — as of 31 July 2026.
What is Indian Hotels Co Ltd's market cap?
Indian Hotels Co Ltd's market capitalisation is ₹1,05,128 Cr at a share price of ₹739. 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 Indian Hotels Co Ltd's P/E ratio?
Indian Hotels Co Ltd trades at a P/E of 54.1×, at the 18th percentile of its own 8-year range, against a long-run median of 64.5×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Indian Hotels Co Ltd pay a dividend?
Yes — Indian Hotels Co Ltd's dividend payout was 22% of profit in FY26, and it recorded a payout in 7 of its last 13 reported fiscal years. 4 of those years show a negative ratio because profit itself was negative. — as of 31 July 2026.
Is Indian Hotels Co Ltd overvalued?
On its own history, Indian Hotels Co Ltd looks cheap against its own history: its P/E of 54.1× has been cheaper only 18% of the time in 8 years (long-run median 64.5×). 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 Indian Hotels Co Ltd growing?
Yes — Indian Hotels Co Ltd is growing: latest-quarter revenue +14.6% year on year, profit +18.8%, and the margin +1.0 pp at 29.0%. The earnings engine currently reads: improving — as of 31 July 2026.
How is Indian Hotels Co Ltd performing?
Indian Hotels Co Ltd is building a base, 5 weeks in. Its latest quarter's revenue rose 14.6% and profit rose 18.8% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 16 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Indian Hotels Co Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 17.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +13.2% latest, profit growth +9.5% latest, eps growth +9.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Indian Hotels Co Ltd in an uptrend?
No — the price is building a base (week 5 of stage 1), trading +6.1% versus its 200-day average and at 92% 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 Indian Hotels Co Ltd beating the market?
On recent form, yes — Indian Hotels Co Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 16 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +731% against the NIFTY 500's +276% — ahead of the index over the full window. — as of 31 July 2026.
Will Indian Hotels Co Ltd's share price go up?
This page publishes no price forecast for Indian Hotels Co Ltd. What it measures instead: the share price is ₹739, the price is building a base 5 weeks in. Its P/E of 54.1× sits at the 18th percentile of its own 8-year range. — as of 31 July 2026.
Who owns Indian Hotels Co Ltd?
Promoters hold 38.1% of Indian Hotels Co Ltd, foreign institutions 21.7%, domestic institutions 24.5% and the public 15.6% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 6.2 points over 8 quarters. — as of 31 July 2026.
Does Indian Hotels Co Ltd have too much debt?
No — Indian Hotels Co Ltd's debt-to-equity is 0.22, and operating profit covers the interest bill 15×. FY26 borrowings were ₹2,837 Cr against equity of ₹13,052 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.
What is Indian Hotels Co Ltd's capex?
Indian Hotels Co Ltd spent ₹5,423 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 ₹2,051 Cr, with ₹787 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Indian Hotels Co Ltd's cash flow?
Indian Hotels Co Ltd generated ₹2,471 Cr of operating cash flow in FY26 and ₹420 Cr of free cash flow after ₹2,051 Cr of capital spending. Reported profit that year was ₹2,247 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Indian Hotels Co Ltd's profit real cash?
Yes — over the last 3 fiscal years, 118% of Indian Hotels Co Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹2,471 Cr against reported profit of ₹2,247 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Indian Hotels Co Ltd in its business cycle?
Indian Hotels Co Ltd's FY26 operating margin was 33.0%, against a 13-year band of −23.0%–33.0%: 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 29.0%. 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 Indian Hotels Co Ltd story?
The sharpest disagreement: Foreign institutions moved −5.5 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Indian Hotels Co Ltd a stock worth studying right now?
This is not investment advice. The machine read: Indian Hotels Co Ltd is coiled. The quarters are improving, yet the P/E sits at the 18th percentile of its own 8-year range — the business is moving before the market. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.