Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

U P Hotels Ltd

UPHOT
Hotels

U P Hotels Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

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

The price is in a downtrend (18 weeks in) while the P/E sits at the 39th percentile of its own 4-year range. Underneath, the last four quarters read mixed — profit +0.0% year on year, and 100% 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
₹1,440
−15.3% 1Y
P/E
25.8×
39th pctile
of its own 4-year range
Revenue (Dec 25)
₹57.0 Cr
+3.6% YoY
Profit (Dec 25)
₹17.0 Cr
+0.0% YoY
Operating margin
38.0%
−5.0 pp YoY
ROCE
24%
FY25
Cash conversion
100%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
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.

U P Hotels Ltd trades at ₹1,440, in a downtrend and 18 weeks into that stage. That is −9.3% against its own 200-day average. It sits at 12% of a 52-week range of ₹1,369 to ₹1,947. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (7 weeks and counting).

Today the stock is in a downtrend — week 18 of stage 4, confirmed. At ₹1,440 it trades −9.3% versus its 200-day average and sits at 12% of its 52-week range (₹1,369–₹1,947).

Mar 26: ₹1,440 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.
−9.3% versus the 200-day line, week 18 of stage 4
Price50-day avg200-day avg
S2S2S4₹2,063₹1,643₹1,223₹803₹383₹1,440₹1,587Mar 23Dec 23Aug 24May 25Mar 26
S2S2S4₹2,063₹1,643₹1,223₹803₹383₹1,440₹1,587Mar 23Aug 24Mar 26
Beating or trailing, week by week since 2022 Each cell is one week from 2022 to now (209 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 22Mar 26

Against the market, two honest reads. Cumulative: over the last 4.0 years the stock moved +285% while the NIFTY 500 moved +55% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (7 weeks and counting; last ahead the week of 2026-01-14) — 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.

U P Hotels Ltd trades at 25.8× P/E, mid-range by its own standards (39th percentile). Its long-run median P/E is 27.4×, measured across 4.0 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 25.8× is mid-range by its own standards (39th percentile), against a long-run median of 27.4× measured over 4.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 25.8× vs a 27.4× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 4.0-year window; loss-period spikes above 65× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (39th percentile)
P/EMedianEPS (TTM) (quarterly)
69.2×₹67.554.2×₹50.639.2×₹33.824.2×₹16.99.2×₹0.0×25.80×₹56Mar 22Mar 23Mar 24Mar 25Mar 26
69.2×₹67.554.2×₹50.639.2×₹33.824.2×₹16.99.2×₹0.0×25.80×₹56Mar 22Mar 24Mar 26
P/E
25.8×
39th percentile of 4y

Why the multiple sits where it does: over the past year annual EPS moved −6.6% against a −15.3% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 3y, of the +37.4%/yr price move, ~+18.1%/yr came from earnings growth and ~+19.3 pp from the multiple (expanding). 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 unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · 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).

U P Hotels Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −50.0% at the trough to +0.0% off a 1-quarter-old trough (single-quarter readings), ROCE holding at 24.0%. The read is built from 9 quarters across 3 curves, on partial evidence.

Growth, year by year: revenue +4.1% in FY25, profit −6.3% 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
133%291%79%132%26%−26%−28%−185%−81%−344%%%4.1%−6.3%FY15FY20FY25
133%291%79%132%26%−26%−28%−185%−81%−344%%%4.1%−6.3%FY15FY20FY25
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. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit rolling over
RevenueProfitEPS
43%72%25%−28%7.9%−128%−9.5%−228%−27%−328%%%3.6%0%−2%Mar 23Jun 24Dec 25
43%72%25%−28%7.9%−128%−9.5%−228%−27%−328%%%3.6%0%−2%Mar 23Jun 24Dec 25
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
33%26%20%14%7.2%%24%FY22FY23FY25
33%26%20%14%7.2%%24%FY22FY23FY25
Revenue growth
Rolling over
latest +3.6% · span −22.2% to +30.0%
Profit growth
Recovering
latest +0.0% · span −100.0% to +44.4%
ROCE
Steady high
latest 24.0% · span 9.0%–31.0%

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.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

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+4.1%+28.6%+9.3%+7.0%
Profit−6.3%+62.4%+49.6%+25.9%
EPS−6.6%+64.1%+51.6%+27.1%
Share price−15.3%+37.4%
Revenue YoY (Dec 25)
+3.6%
latest quarter vs a year ago
Profit YoY (Dec 25)
+0.0%
latest quarter vs a year ago
Revenue 10y
7.0%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

48.0/100 — rank 15 of 24 in Hotels · 57% evidence confidence

U P Hotels Ltd scores 48.0 out of 100 against the 24 companies it is compared with in Hotels, ranking 15. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 11.4 + 17.1 + 10.2 + 9.3 = 48. 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.

05 · Revenue

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

U P Hotels Ltd reported ₹57.0 Cr of revenue in the Dec 25 quarter, +3.6% year on year. Over 10 years it has compounded at 7.0% a year. The last full year, FY25, came in at ₹153 Cr. The last four reported quarters add to ₹160 Cr.

FY25 revenue came in at ₹153 Cr (+4.1% on the year), capping 10 years at 7.0% compound. The latest quarter (Dec 25) printed ₹57.0 Cr, +3.6% year on year.

FY25 revenue ₹153 Cr (+4.1% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
7.0% a year over 10 years
RevenueYoY growth
165133%12479%8326%41−28%0−81%₹ Cr%₹1534.1%FY15FY20FY25
165133%12479%8326%41−28%0−81%₹ Cr%₹1534.1%FY15FY20FY25
Dec 25: ₹57.0 Cr (+3.6% 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.
Revenue (quarterly)YoY growth
6243%4625%317.9%15−9.5%0−27%₹ Cr%₹573.6%Mar 23Jun 24Dec 25
6243%4625%317.9%15−9.5%0−27%₹ Cr%₹573.6%Mar 23Jun 24Dec 25

Pace check: the last four quarters averaged +9.1% growth against the decade's 7.0% — 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 +6.5%/yr over the last 8 — stabilising; TTM profit +0.0% vs +3.5%/yr — rolling over.

06 · 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.

U P Hotels Ltd's operating margin is 38.0% in the Dec 25 quarter, −5.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −20.0% to 31.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 38.0%, −5.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −20.0%–31.0%.

🚨 Why the margin moved: operating margin went −5.2 pp year on year while gross margin went −0.5 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY25: 28.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 12-year window.
within a −20.0–31.0% band over 12 years
operating marginYoY change (pp)
35%42%20%24%5.5%5.5%−9.3%−13%−24%−31%%%28%−3%FY14FY19FY25
35%42%20%24%5.5%5.5%−9.3%−13%−24%−31%%%28%−3%FY14FY19FY25
Dec 25: 38.0% operating margin (−5.0 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%21%32%9.0%18%−3.5%2.7%−16%−12%−28%%%38%−5%Mar 23Jun 24Dec 25
47%21%32%9.0%18%−3.5%2.7%−16%−12%−28%%%38%−5%Mar 23Jun 24Dec 25
07 · Net profit

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

U P Hotels Ltd earned ₹17.0 Cr of net profit in the Dec 25 quarter, +0.0% year on year. Full-year FY25 profit was ₹30.0 Cr. The 10-year compound rate is 25.9%. That is 29.8% of the quarter's revenue. The same quarter a year earlier earned ₹17.0 Cr. 2 of the last 12 reported quarters were loss-making.

Dec 25 profit was ₹17.0 Cr, +0.0% year on year. On the full year, FY25 printed ₹30.0 Cr (−6.3%), and the 10-year compound rate is 25.9%.

FY25 profit ₹30.0 Cr (−6.3% 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.
25.9% a year over 10 years
Net profitYoY growth
35271%24118%12−36%0−189%−11−342%₹ Cr%₹30−6.3%FY15FY20FY25
35271%24118%12−36%0−189%−11−342%₹ Cr%₹30−6.3%FY15FY20FY25
Dec 25: ₹17.0 Cr (+0.0% 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
1972%13−28%8−128%2−228%−4−328%₹ Cr%₹170%Mar 23Jun 24Dec 25
1972%13−28%8−128%2−228%−4−328%₹ Cr%₹170%Mar 23Jun 24Dec 25

🚨 Why profit moved: revenue contributed +3.6% and the margin −5.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −102.6% vs revenue +9.1%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · 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 100% of U P Hotels Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY25 that was ₹36.0 Cr of operating cash against ₹30.0 Cr of profit. After ₹17.0 Cr of capital spending, ₹19.0 Cr was left as free cash.

FY25: operating cash of ₹36.0 Cr against reported profit of ₹30.0 Cr, leaving free cash of ₹19.0 Cr after ₹17.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 100% of profit.

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

FY25: CFO ₹36.0 Cr vs profit ₹30.0 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.
100% of 3-year profit arrived as cash
Operating cashNet profitFree cash
5839212−17₹ Cr₹36₹30₹19FY15FY20FY25
5839212−17₹ Cr₹36₹30₹19FY15FY20FY25
FY25: CFO = 120% of profit (three-year rate 100%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
325%234%144%53%−38%%120%FY15FY20FY25
325%234%144%53%−38%%120%FY15FY20FY25

Why conversion sits at 100%: the cash cycle stretched 62 days between FY20 and FY25 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

09 · 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).

U P Hotels Ltd's cash conversion cycle runs −52 days in FY25, up from −114 days in FY20. Capital spending ran ₹33.0 Cr over the last 3 years. At FY25 sales of ₹153 Cr each day of that cycle holds about ₹0.4 Cr, so roughly ₹−22.0 Cr sits inside the business at any moment.

FY25: debtors at 15 days, inventory at 42 days — roughly 1.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −52 days, looser than FY20's −114.

The full loop: cash goes out to suppliers and production on day 0; stock waits 42 days to sell; customers pay about 15 days after that; and suppliers themselves are paid at 108 days — netting out to the −52-day cycle.

In money terms: at FY25 sales of ₹153 Cr, each day of the cycle holds about ₹0.4 Cr — so the −52-day loop keeps roughly ₹−22.0 Cr sitting inside the business at any moment.

FY25: a −52-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 12-year window.
+62 days vs FY20
Cash cycleInventory daysDebtor daysPayable days
49729388−117−321days−52d42d15d108dFY14FY16FY19FY22FY25
49729388−117−321days−52d42d15d108dFY14FY19FY25

On the investment side: capital spending of ₹33.0 Cr over the last 3 fiscal years against ₹24.0 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY25) — capacity paid for but not yet earning.

FY25: capex ₹17.0 Cr, work-in-progress ₹1.0 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.
steady investment
CapexWork-in-progress
1814950₹ Cr₹17₹1FY15FY17FY20FY22FY25
1814950₹ Cr₹17₹1FY15FY20FY25

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

10 · 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.

U P Hotels Ltd earns a ROCE of 24% in FY25. 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 19.6% net margin on 0.72× asset turns.

FY25 ROCE is 24%, 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 (FY25): 19.6% net margin × 0.72× asset turns × 1.17× balance-sheet leverage ≈ 16.5% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

FY25: ROCE 24% Return on capital employed by fiscal year, % (line). 12-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's −11%
ROCEWACC
34%22%10%−2.2%−14%%24%FY14FY16FY19FY22FY25
34%22%10%−2.2%−14%%24%FY14FY19FY25
11 · 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.

U P Hotels Ltd carries ₹0.0 Cr of borrowings against ₹181 Cr of equity in FY25, a debt-to-equity of 0.00. Over 5 years borrowings went from ₹0.0 Cr to ₹0.0 Cr. Capital spending ran ₹33.0 Cr across the last 3 of those years.

FY25: borrowings of ₹0.0 Cr against equity of ₹181 Cr — a debt-to-equity of 0.00. Over 5 years borrowings went from ₹0.0 Cr to ₹0.0 Cr while capital spending ran ₹33.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY25: borrowings ₹0.0 Cr at 0.00× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 12-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
1.21.2×0.60.6×0.00.0×−0.6−0.6×−1.2−1.2×₹ Cr×₹00.00×FY14FY16FY19FY22FY25
1.21.2×0.60.6×0.00.0×−0.6−0.6×−1.2−1.2×₹ Cr×₹00.00×FY14FY19FY25
12 · 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.

No holder of U P Hotels Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +0.0 points over 8 quarters to 88.4%.

Fiscal-year ends: promoters +0.0 pts from Mar 23 to Mar 25 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersPublic
95%72%50%28%5.5%%88.4%11.6%Mar 23Mar 24Mar 25
95%72%50%28%5.5%%88.4%11.6%Mar 23Mar 24Mar 25
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 12 quarters.
PromotersPublic
95%72%50%28%5.5%%88.4%11.6%Mar 23Jun 24Dec 25
95%72%50%28%5.5%%88.4%11.6%Mar 23Jun 24Dec 25
13 · 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.

U P 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.

14 · Related companies · Hotels
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative 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 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 Ltdthis pageUPHOT 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.

15 · Frequently asked questions

Frequently asked questions

What is U P Hotels Ltd's share price today?

U P Hotels Ltd trades at ₹1,440, −15.3% over the past year. The company is valued at ₹777 Cr. The stock sits at 12% of its 52-week range of ₹1,369–₹1,947, −9.3% versus its 200-day average. On the tape, the price is in a downtrend, 18 weeks in. — as of 31 July 2026.

What were U P Hotels Ltd's latest quarterly results?

U P Hotels Ltd reported revenue of ₹57.0 Cr and net profit of ₹17.0 Cr for the Dec 25 quarter. Revenue rose 3.6% and profit rose 0.0% year on year. Earnings per share were ₹30.74. The operating margin was 38.0%, 5.0 pp lower than a year earlier. — as of 31 July 2026.

What is U P Hotels Ltd's revenue?

U P Hotels Ltd reported revenue of ₹57.0 Cr in the Dec 25 quarter, +3.6% year on year. For the full FY25 fiscal year, revenue was ₹153 Cr (+4.1%). Over the last 10 years revenue compounded at 7.0% a year. — as of 31 July 2026.

What is U P Hotels Ltd's profit?

U P Hotels Ltd earned ₹17.0 Cr of net profit in the Dec 25 quarter, +0.0% year on year. Full-year FY25 profit was ₹30.0 Cr. The operating margin ran 38.0% in the latest quarter. — as of 31 July 2026.

What is U P Hotels Ltd's market cap?

U P Hotels Ltd's market capitalisation is ₹777 Cr at a share price of ₹1,440. 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 U P Hotels Ltd's P/E ratio?

U P Hotels Ltd trades at a P/E of 25.8×, at the 39th percentile of its own 4-year range, against a long-run median of 27.4×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does U P Hotels Ltd pay a dividend?

Not in its latest year — U P Hotels Ltd's dividend payout was 0% of profit in FY25. It did record a payout in 3 of its last 12 reported fiscal years, so there is a history but no current dividend. — as of 31 July 2026.

Is U P Hotels Ltd overvalued?

On its own history, U P Hotels Ltd looks mid-range against its own history: its P/E of 25.8× sits at the 39th percentile of its 4-year range (long-run median 27.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

Is U P Hotels Ltd growing?

The picture is mixed for U P Hotels Ltd: latest-quarter revenue +3.6% year on year, profit +0.0%, and the margin −5.0 pp at 38.0%. The 10-year compound rates are 7.0% (revenue) and 25.9% (profit). The earnings engine currently reads: mixed — as of 31 July 2026.

How is U P Hotels Ltd performing?

U P Hotels Ltd is in a downtrend, 18 weeks in. Its latest quarter's revenue rose 3.6% and profit rose 0.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 7 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

What stage is U P Hotels Ltd in?

Turning around — profit growth swung from −50.0% at the trough to +0.0% off a 1-quarter-old trough (single-quarter readings), ROCE holding at 24.0%. The read comes from the last 12 quarters of growth (revenue growth +3.6% latest, profit growth +0.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.

Is U P Hotels Ltd in an uptrend?

No — the price is in a downtrend (week 18 of stage 4), trading −9.3% versus its 200-day average and at 12% 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 U P Hotels Ltd beating the market?

Not lately — on a trailing-13-week view U P Hotels Ltd is currently behind the NIFTY 500 (7 weeks and counting; last ahead the week of 2026-01-14), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 4.0 years the stock moved +285% against the NIFTY 500's +55% — ahead of the index over the full window. — as of 31 July 2026.

Will U P Hotels Ltd's share price go up?

This page publishes no price forecast for U P Hotels Ltd. What it measures instead: the share price is ₹1,440, the price is in a downtrend 18 weeks in. Its P/E of 25.8× sits at the 39th percentile of its own 4-year range. — as of 31 July 2026.

Who owns U P Hotels Ltd?

Promoters hold 88.4% of U P Hotels Ltd, foreign institutions null%, domestic institutions null% and the public 11.6% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.

Does U P Hotels Ltd have too much debt?

No — U P Hotels Ltd's debt-to-equity is 0.00, and operating profit covers the interest bill 13×. FY25 borrowings were ₹0.0 Cr against equity of ₹181 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.

What is U P Hotels Ltd's capex?

U P Hotels Ltd spent ₹33.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was ₹17.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is U P Hotels Ltd's cash flow?

U P Hotels Ltd generated ₹36.0 Cr of operating cash flow in FY25 and ₹19.0 Cr of free cash flow after ₹17.0 Cr of capital spending. Reported profit that year was ₹30.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is U P Hotels Ltd's profit real cash?

Yes — over the last 3 fiscal years, 100% of U P Hotels Ltd's reported profit arrived as operating cash. In FY25, operating cash was ₹36.0 Cr against reported profit of ₹30.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is U P Hotels Ltd in its business cycle?

U P Hotels Ltd's FY25 operating margin was 28.0%, against a 12-year band of −20.0%–31.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 38.0%. 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 U P Hotels 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 31 July 2026.

Is U P Hotels Ltd a stock worth studying right now?

This is not investment advice. The machine read: U P Hotels Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. 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 31 July 2026.

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