Asian Hotels (East) Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2023 • Hotel Business (East): 67.2% • Investments including investments in Hotel (South): 32.8%
AI Sector View
AI GENERATEDConsumer Services
Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.
PROS
- Latest quarter profit grew 166.2% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 38.51x)
- Operating margins have improved to 30.6% from 24.5%
- Company has delivered good sales growth of 17.6% CAGR over last 5 years
- Working capital cycle has improved - days down from -610 to -847
CONS
- Company is loss-making at the operating / net level
- Company has a high debt-to-equity of 2.34x
- Recent results are weak - TTM profit is down 777.4% versus prior year
- Company has a low return on equity of -1.8% over last 3 years
- Company has a low return on capital employed of 7.8%
- Interest coverage is weak at -1.4x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| INDHOTEL | 717.75 | 47.61 | 102166.85 | 0.45 | 390.81 | 18.67 | 2339.19 | 14.61 | 25.70 | 28.75 |
| ITCHOTELS | 153.75 | 37.07 | 32026.21 | 0.65 | 181.91 | 36.05 | 936.02 | 15.71 | 10.54 | 31.62 |
| CHALET | 876.35 | 36.34 | 19191.55 | 0.23 | 86.12 | -57.60 | 512.27 | -42.73 | 17.19 | 45.68 |
| THELEELA | 541.05 | 40.77 | 18068.79 | 0.00 | 48.76 | 460.27 | 351.96 | 28.08 | 8.97 | 36.30 |
| EIHOTEL | 286.55 | 25.18 | 17919.81 | 0.52 | 120.31 | 226.22 | 656.96 | 14.54 | 19.68 | 26.02 |
| VENTIVE | 574.00 | 27.96 | 13405.29 | 0.00 | 124.18 | 227.44 | 542.80 | 6.97 | 13.15 | 35.30 |
| LEMONTREE | 104.80 | 35.36 | 8302.74 | 0.00 | 57.34 | 19.21 | 344.61 | 9.13 | 18.72 | 43.36 |
| ITDC | 690.40 | 71.91 | 5921.52 | 0.43 | 9.39 | -3.63 | 90.10 | 2.68 | 29.05 | 9.25 |
| JUNIPER | 221.10 | 29.66 | 4919.53 | 0.00 | 33.26 | 269.47 | 249.53 | 13.04 | 7.85 | 34.56 |
| MHRIL | 196.75 | 75.05 | 3975.70 | 0.00 | -8.56 | -219.39 | 732.81 | 4.48 | 42.30 | 15.36 |
| SAMHI | 157.30 | 6.94 | 3497.72 | 0.00 | 24.93 | 29.72 | 305.21 | 12.12 | 12.38 | 32.18 |
| AHLEAST | 134.75 | 8.19 | 233.01 | 0.00 | 4.32 | 166.16 | 26.87 | 7.64 | -4.85 | 24.10 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22 | 21 | 32 | 34 | 22 | 23 | 33 | 35 | 25 | 26 | 37 | 34 | 27 | |
| 18 | 18 | 22 | 20 | 22 | 19 | 22 | 21 | 19 | 20 | 23 | 24 | 22 | |
| Operating Profit | 4 | 2 | 11 | 13 | 1 | 4 | 11 | 14 | 6 | 6 | 14 | 10 | 5 |
| OPM % | 17.91% | 11.83% | 33.10% | 39.33% | 2.58% | 17.14% | 33.24% | 40.46% | 23.16% | 23.25% | 37.64% | 29.53% | 19.23% |
| 1 | 9 | 0 | 26 | 10 | 10 | 10 | 11 | 0 | 0 | -62 | 0 | 1 | |
| Interest | 0 | 0 | 8 | 13 | 9 | 9 | 12 | 9 | 10 | 10 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 4 | 11 | 2 | 26 | 1 | 4 | 8 | 15 | -5 | -5 | -49 | 10 | 6 |
| Tax % | 25.72% | 25.21% | 25.21% | 25.53% | 154.17% | 25.98% | 37.27% | 31.47% | -30.86% | -30.04% | -6.58% | 27.71% | 25.78% |
| Net Profit | 0 | 0 | 0 | 19 | -0 | 3 | 5 | 10 | -7 | -7 | -53 | 7 | 4 |
| 1.64 | 4.54 | 1.01 | 11.15 | -0.22 | 1.75 | 2.79 | 5.82 | -3.77 | -4.03 | -30.44 | 4.33 | 2.50 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 195 | 190 | 202 | 185 | 54 | 51 | 94 | 108 | 113 | 122 | 124 | |
| 152 | 151 | 160 | 155 | 65 | 53 | 73 | 78 | 83 | 85 | 89 | |
| Operating Profit | 43 | 39 | 42 | 30 | -10 | -2 | 21 | 30 | 30 | 37 | 35 |
| OPM % | 22.11% | 20.40% | 20.78% | 16.27% | -18.72% | -4.45% | 22.29% | 27.95% | 26.29% | 30.62% | 28.39% |
| 7 | 6 | 11 | 11 | 11 | 0 | 12 | 36 | 41 | -62 | -61 | |
| Interest | 19 | 16 | 14 | 14 | 14 | 0 | 0 | 21 | 40 | 21 | 10 |
| Depreciation | 31 | 30 | 28 | 26 | 19 | 3 | 4 | 4 | 4 | 5 | 5 |
| Profit before Tax | 0 | -2 | 10 | 1 | -33 | -5 | 29 | 43 | 27 | -49 | -39 |
| Tax % | 916.82% | -243.05% | 65.33% | 1085.86% | 0.61% | 24.61% | 17.98% | 25.46% | 35.55% | -18.78% | -23.95% |
| Net Profit | -4 | -6 | 4 | -8 | -33 | -4 | 24 | 32 | 18 | -59 | -48 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -28.60 | -19.95 | 13.79 | 18.34 | 10.13 | -33.91 | — |
| Dividend Payout % | -65.94% | -50.29% | 81.39% | 0.00% | 0.00% | 0.00% | 17.62% | 13.63% | 9.87% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -4%
- 5 Years:
- 18%
- 3 Years:
- 9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 0%
- 5 Years:
- 1%
- 3 Years:
- -1%
- 1 Year:
- -9%
RETURN ON EQUITY
- 10 Years:
- -1%
- 5 Years:
- 0%
- 3 Years:
- -2%
- Last Year:
- -27%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 17 | 17 | 17 | 17 |
| 763 | 757 | 762 | 748 | 713 | 675 | 186 | 213 | 226 | 166 | |
| 145 | 138 | 125 | 114 | 126 | 141 | 0 | 329 | 324 | 425 | |
| Trade Payables | 21 | 12 | 13 | 17 | 10 | 9 | 5 | 7 | 14 | 14 |
| 73 | 96 | 76 | 89 | 71 | 79 | 33 | 46 | 90 | 80 | |
| Total Liabilities | 1,014 | 1,014 | 988 | 979 | 931 | 916 | 241 | 612 | 671 | 702 |
| 837 | 809 | 783 | 731 | 716 | 710 | 179 | 178 | 179 | 121 | |
| Capital Work in Progress | 0 | 2 | 2 | 2 | 4 | 5 | 3 | 3 | 3 | 464 |
| 96 | 78 | 106 | 95 | 95 | 91 | 0 | 0 | 3 | 3 | |
| 3 | 4 | 2 | 3 | 2 | 3 | 1 | 2 | 1 | 1 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 7 | 4 | |
| Cash & Bank | 6 | 21 | 7 | 34 | 21 | 10 | 41 | 8 | 4 | 7 |
| 70 | 100 | 87 | 114 | 94 | 97 | 18 | 416 | 473 | 102 | |
| Total Assets | 1,014 | 1,014 | 988 | 979 | 931 | 916 | 241 | 612 | 671 | 702 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 43 | 27 | 42 | 71 | -10 | -0 | 15 | -385 | 0 | 22 | |
| Cash from Investing | 144 | 22 | -20 | -44 | 8 | -10 | -3 | 58 | 10 | -65 |
| Cash from Financing | -180 | -25 | -30 | -28 | -0 | 7 | -10 | 327 | -9 | 46 |
| 0 | 15 | -16 | -0 | 0 | -1 | -4 | -0 | 1 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - Asian Hotels (East) Limited has informed the Exchange regarding 'Disclosure under Regulation 7(2)(b) of the SEBI (PIT) Regulations, 2015'.
2026-09-03 - Asian Hotels (East) Limited has informed the Exchange regarding 'Disclosure under Regulation 7(2)(b) of the SEBI (PIT) Regulations, 2015'.
2026-09-02 - Mr. Arun Kumar Saraf has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
2026-08-27 - Asian Hotels (East) Limited has informed the Exchange regarding Change in Director(s) of the company.
2026-08-27 - Asian Hotels (East) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 27, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-27 - Asian Hotels (East) Limited has informed the Exchange about Shareholders meeting
2026-08-20 - Mr. Arun Kumar Saraf has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
2026-08-13 - Asian Hotels (East) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-06 - Asian Hotels (East) Limited has informed the Exchange about Copy of Post-Newspaper Publication done today in "Business Standard" (English) and "Ekdin" (Bengali) in respect of the Notice of AGM, e-voting information and book closure.
News
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