Asian Hotels (North) Ltd.

•

asianhotelsnorth.comBSE: 500023NSE: ASIANHOTNR

Market Cap₹ 1,614 Cr.

Current Price

High / Low₹ 424 / 248

Stock P/E—

Book Value₹ 127

Price to Book2.99

Dividend Yield0.00 %

ROCE-31.6 %

ROE0.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Hotel Business: 97.7% • Real Estate Operation: 1.9% • Power Generation Operations: 0.4%

AI Sector View

AI GENERATED

Consumer Services

Buy

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.

Confidence

73%

View full sector analysis →

PROS

Company is almost debt free
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of -76.1% over last 3 years
Company has a low return on capital employed of -22.4%
Interest coverage is weak at -3.1x - earnings barely cover interest
Promoter holding has decreased over last 2 years: -3.2pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.14x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesHospitalityHotel, Resort & Restaurants

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	INDHOTEL	717.75	47.61	102166.85	0.45	390.81	18.67	2339.19	14.61	25.70	28.75
2.	ITCHOTELS	153.75	37.07	32026.21	0.65	181.91	36.05	936.02	15.71	10.54	31.62
3.	CHALET	876.35	36.34	19191.55	0.23	86.12	-57.60	512.27	-42.73	17.19	45.68
4.	THELEELA	541.05	40.77	18068.79	0.00	487.55	5502.74	3519.56	1180.82	8.97	36.30
5.	EIHOTEL	286.55	25.18	17919.81	0.52	120.31	226.22	656.96	14.54	19.68	26.02
6.	VENTIVE	574.00	27.96	13405.29	0.00	124.18	227.44	542.80	6.97	13.15	35.30
7.	LEMONTREE	104.80	35.36	8302.74	0.00	57.34	19.21	344.61	9.13	18.72	43.36
8.	ITDC	690.40	71.91	5921.52	0.43	9.39	-3.63	90.10	2.68	29.05	9.25
9.	JUNIPER	221.10	29.66	4919.53	0.00	33.26	269.47	249.53	13.04	7.85	34.56
10.	MHRIL	196.75	75.05	3975.70	0.00	-8.56	-219.39	732.81	4.48	42.30	15.36
11.	SAMHI	157.30	6.94	3497.72	0.00	24.93	29.72	305.21	12.12	12.38	32.18
12.	ASIANHOTNR	378.55	0.00	1613.88	0.00	-35.44	—	776.34	748.37	63.06	17.46

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2025	Jun 2025	Mar 2026	Jun 2026
	35	47	36	53	60	69	92	70	103	78
	60	68	40	54	56	53	62	79	79	83
Operating Profit	-25	-21	-4	-0	4	17	29	-8	23	-5
OPM %	-72.04%	-44.21%	-11.82%	-0.15%	6.18%	23.85%	31.92%	-12.06%	22.82%	-6.59%
	2	5	-2	0	0	1	187	0	-7	0
Interest	23	23	30	28	28	29	33	19	14	14
Depreciation	4	8	9	6	6	6	7	5	4	5
Profit before Tax	-22	-25	-45	-33	-30	-17	176	-8	-2	-5
Tax %	-0.00%	-0.00%	-0.01%	-0.00%	-0.00%	-0.00%	1.15%	-65.33%	1634.31%	25.15%
Net Profit	-22	-25	-45	-33	-30	-17	0	-14	31	-4
	-11.53	-12.78	-23.12	-17.19	-15.34	-8.68	89.54	-6.97	8.70	-0.83

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	321	228	232	241	251	274	274	252	73	131	1,041
	248	167	190	171	169	191	192	198	95	125	1,048
Operating Profit	73	61	43	70	81	83	81	54	-23	6	-7
OPM %	22.81%	26.83%	18.43%	28.96%	32.36%	30.43%	29.72%	21.58%	-31.15%	4.46%	-0.67%
	-310	7	31	46	11	31	4	15	-555	-325	183
Interest	86	74	96	118	99	99	114	127	100	110	206
Depreciation	31	11	27	23	21	20	19	18	17	25	61
Profit before Tax	-354	-17	-48	-24	-28	-4	-48	-76	-695	-454	119
Tax %	-4.23%	-89.68%	-5.92%	106.56%	42.14%	7.47%	19.23%	14.32%	-0.00%	-0.00%	-31.92%
Net Profit	-368	-32	-51	2	-16	-4	-39	-65	-695	-454	156
EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-357.25	-233.29	—
Dividend Payout %	3.26%	-6.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -9%
5 Years:: -12%
3 Years:: -22%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 14%
5 Years:: 34%
3 Years:: 35%
1 Year:: 13%

RETURN ON EQUITY

10 Years:: -31%
5 Years:: -47%
3 Years:: -76%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	19	19	19	19	19	19	19	19	19	19
Minority Interest	21	23	24	25	24	24	25	27	26	-2
	837	775	745	737	721	719	684	611	409	218
	816	940	992	1,160	1,193	1,180	1,223	1,252	1,300	1,080
Trade Payables	14	14	27	37	43	49	63	83	94	95
	308	313	293	102	71	97	99	101	116	107
Total Liabilities	2,016	2,085	2,100	2,080	2,071	2,089	2,114	2,094	1,965	1,517
	1,543	1,789	1,904	1,839	1,809	1,773	1,759	1,727	1,626	1,479
Capital Work in Progress	288	143	133	157	188	229	256	279	297	1
	0	0	0	0	0	1	1	1	1	0
	6	6	5	8	9	12	11	10	6	6
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	9	36	5	18	15	12	5	2	2	7
	170	112	53	57	50	61	81	75	32	25
Total Assets	2,016	2,085	2,100	2,080	2,071	2,089	2,114	2,094	1,965	1,517

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	93	8	3	59	87	111	109	108	30	13
Cash from Investing	-188	12	-19	16	-14	5	-26	-1	1	-3
Cash from Financing	106	13	-7	-64	-70	-117	-83	-112	-43	-11
	-5	26	-29	6	1	-3	-4	-3	-1	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3.17	3.17	3.17	0.00	0.00	0.00	0.00	0.00	0.00
	5.26	5.26	5.26	5.26	5.26	5.64	5.65	2.58	2.58
	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.06	0.34
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	91.44	91.44	91.44	94.61	94.61	94.23	94.22	97.36	97.08

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Asian Hotels (North) Limited has informed the Exchange about Copy of Newspaper Publication regarding dispatch of Notice of 45th AGM and Annual Report for FY 2025-26

2026-09-04

Shareholders meeting

2026-09-04 - Asian Hotels (North) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026, Cut-off date for e-voting and closure of Register of Members and Share Transfer Book of the Company

2026-08-26

Copy of Newspaper Publication

2026-08-26 - Asian Hotels (North) Limited has informed the Exchange about submission of Newspaper Publication in Business Standard daily, English and Hindi both dated 26.08.2026, regarding Notice to the Members for registering/updating their e-mail address

2026-08-25

Appointment

2026-08-25 - Asian Hotels (North) Limited has informed the Exchange regarding Appointment of Ms Gauri Dhawan as Head of Marketing, PR and Branding, one of the Senior Management Personnel of the Company w.e.f. September 01, 2026.

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Asian Hotels (North) Limited has informed the Exchange about Copy of Newspaper Publication of Un-audited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026

2026-08-10

Appointment

2026-08-10 - Asian Hotels (North) Limited has informed the Exchange regarding re-appointment of Mr. Krishna Kumar Acharya as Executive Director of the company w.e.f. August 12, 2026 for a period of 2 years.

2026-08-10

Outcome of Board Meeting

2026-08-10 - Asian Hotels (North) Limited has submitted to the Exchange, the Un-audited Standalone and Consolidated Financial Results for the period ended June 30, 2026.

2026-08-05

Action(s) taken or orders passed

2026-08-05 - Asian Hotels (North) Limited has informed the Exchange about Action(s) taken or orders passed

2026-07-23

Copy of Newspaper Publication

2026-07-23 - Asian Hotels (North) Limited has informed the Exchange about Copy of Newspaper Publication regarding Special Window for re-lodgement of transfer request of physical shares dated 23.07.2026

News

Recent coverage and analyst commentary for ASIANHOTNR

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Asian Hotels (North) Ltd.

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Free 5nance Account

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

487.55

5502.74

3519.56

1180.82

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

ASIANHOTNR

378.55

0.00

1613.88

0.00

-35.44

—

776.34

748.37

63.06

17.46

Sep 2021

Dec 2021

Mar 2022

Jun 2022

Sep 2022

Dec 2022

Mar 2025

Jun 2025

Mar 2026

Jun 2026

103

Operating Profit

-25

-21

-4

-0

-8

-5

OPM %

-72.04%

-44.21%

-11.82%

-0.15%

6.18%

23.85%

31.92%

-12.06%

22.82%

-6.59%

-2

187

-7

Interest

Depreciation

Profit before Tax

-22

-25

-45

-33

-30

-17

176

-8

-2

-5

Tax %

-0.00%

-0.01%

-0.00%

1.15%

-65.33%

1634.31%

25.15%

Net Profit

-22

-25

-45

-33

-30

-17

-14

-4

-11.53

-12.78

-23.12

-17.19

-15.34

-8.68

89.54

-6.97

8.70

-0.83

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

TTM

321

228

232

241

251

274

252

131

1,041

248

167

190

171

169

191

192

198

125

1,048

Operating Profit

-23

-7

OPM %

22.81%

26.83%

18.43%

28.96%

32.36%

30.43%

29.72%

21.58%

-31.15%

4.46%

-0.67%

-310

-555

-325

183

Interest

118

114

127

100

110

206

Depreciation

Profit before Tax

-354

-17

-48

-24

-28

-4

-48

-76

-695

-454

119

Tax %

-4.23%

-89.68%

-5.92%

106.56%

42.14%

7.47%

19.23%

14.32%

-0.00%

-31.92%

Net Profit

-368

-32

-51

-16

-4

-39

-65

-695

-454

156

EPS

0.00

-357.25

-233.29

—

Dividend Payout %

3.26%

-6.05%

0.00%

—

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Minority Interest

-2

837

775

745

737

721

719

684

611

409

218

816

940

992

1,160

1,193

1,180

1,223

1,252

1,300

1,080

Trade Payables

308

313

293

102

101

116

107

Total Liabilities

2,016

2,085

2,100

2,080

2,071

2,089

2,114

2,094

1,965

1,517

1,543

1,789

1,904

1,839

1,809

1,773

1,759

1,727

1,626

1,479

Capital Work in Progress

288

143

133

157

188

229

256

279

297

Cash & Bank

170

112

Total Assets

2,016

2,085

2,100

2,080

2,071

2,089

2,114

2,094

1,965

1,517

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

111

109

108

Cash from Investing

-188

-19

-14

-26

-1

-3

Cash from Financing

106

-7

-64

-70

-117

-83

-112

-43

-11

-5

-29

-3

-4

-3

-1

Mar 2013

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

3.17

0.00

5.26

5.64

5.65

2.58

0.13

0.06

0.34

Government

0.00

91.44

94.61

94.23

94.22

97.36

97.08

Asian Hotels (North) Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Asian Hotels (North) Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI