The Indian Hotels Company Ltd.

•

ihcltata.comBSE: 500850NSE: INDHOTEL

Market Cap₹ 1,02,772 Cr.

Current Price

High / Low₹ 793 / 565

Stock P/E47.9

Book Value₹ 94

Price to Book6.22

Dividend Yield0.45 %

ROCE25.7 %

ROE18.1 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Hoteliering: 87.6% • Air Catering: 12.4%

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 has a healthy return on capital (ROCE) of 24.2%
Company has delivered good sales growth of 43.8% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.23x)
Company comfortably covers its interest (14.2x coverage)
Company generates healthy free cash flow

CONS

Working capital days have increased from 95 to 126 days
Recurring exceptional / one-off items are inflating headline profit
Stock is trading at 6.2x its book value

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

Peer comparison

Consumer ServicesHospitalityHotel, Resort & Restaurants

Part ofNIFTY NEXT 50 NIFTYLARGEMIDCAP250 NIFTY CONSUMPTION NIFTY100 EQL WGT NIFTY TOTAL MKT

S.No.	Name
1.	INDHOTEL	722.00	47.89	102771.81	0.45	390.81	18.67	2339.19	14.61	25.70	28.75
2.	ITCHOTELS	155.25	37.43	32338.66	0.64	181.91	36.05	936.02	15.71	10.54	31.62
3.	CHALET	889.50	36.89	19479.53	0.22	86.12	-57.60	512.27	-42.73	17.19	45.68
4.	EIHOTEL	289.45	25.44	18101.17	0.52	120.31	226.22	656.96	14.54	19.68	26.02
5.	THELEELA	531.70	40.07	17756.54	0.00	48.76	460.27	351.96	28.08	8.97	36.30
6.	VENTIVE	570.60	27.79	13325.88	0.00	124.18	227.44	542.80	6.97	13.15	35.30
7.	LEMONTREE	106.25	35.85	8417.62	0.00	57.34	19.21	344.61	9.13	18.72	43.36
8.	ITDC	630.20	65.64	5405.19	0.47	9.39	-3.63	90.10	2.68	29.05	9.25
9.	JUNIPER	213.80	28.68	4757.10	0.00	33.26	269.47	249.53	13.04	7.85	34.56
10.	MHRIL	199.70	76.17	4035.31	0.00	-85.59	-1293.89	7328.14	944.78	42.30	15.36
11.	SAMHI	152.55	6.73	3392.10	0.00	24.93	29.72	305.21	12.12	12.38	32.18
12.	ORIENTHOT	139.70	37.46	2495.03	0.47	5.30	-20.06	111.48	3.56	12.52	17.26

Detailed Comparison with:

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
	1,466	1,433	1,964	1,905	1,550	1,826	2,533	2,425	2,041	2,041	2,842	2,765	2,339
	1,056	1,078	1,231	1,246	1,101	1,325	1,571	1,568	1,465	1,471	1,766	1,793	1,886
Operating Profit	410	355	732	660	450	501	962	857	576	570	1,076	973	453
OPM %	27.97%	24.75%	37.29%	34.63%	29.00%	27.45%	37.97%	35.33%	28.22%	27.93%	37.85%	35.17%	19.37%
	49	48	40	46	46	371	59	59	61	83	334	79	80
Interest	57	59	53	52	50	52	52	54	55	56	56	55	57
Depreciation	109	111	114	120	117	125	134	142	143	145	150	167	163
Profit before Tax	294	232	605	535	328	696	834	720	440	453	1,203	830	533
Tax %	28.35%	31.13%	27.57%	26.48%	28.70%	17.59%	26.40%	24.99%	27.37%	30.16%	22.36%	24.66%	26.71%
Net Profit	236	179	0	0	260	583	633	563	329	318	954	645	391
	1.57	1.18	3.18	2.93	1.75	3.89	4.09	3.67	2.08	2.00	6.35	4.21	2.51

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
	4,021	4,104	4,512	4,463	1,575	3,056	5,810	6,769	8,335	9,689	9,987
	3,411	3,433	3,682	3,496	1,937	2,651	4,005	4,612	5,565	6,495	6,916
Operating Profit	610	670	830	968	-362	405	1,804	2,157	2,769	3,195	3,072
OPM %	15.16%	16.34%	18.39%	21.68%	-22.97%	13.24%	31.06%	31.87%	33.23%	32.97%	30.76%
	52	94	94	173	325	171	142	183	535	558	577
Interest	332	279	194	341	403	428	236	220	208	221	224
Depreciation	299	301	328	404	410	406	416	454	518	605	625
Profit before Tax	31	184	402	396	-850	-258	1,295	1,666	2,578	2,926	3,019
Tax %	371.94%	65.69%	39.11%	11.32%	18.28%	13.86%	24.97%	27.86%	23.93%	24.97%	24.93%
Net Profit	-83	63	245	351	-694	-222	971	1,202	1,961	2,195	2,267
EPS	-0.60	0.91	2.41	2.98	-6.05	-1.97	7.06	8.85	13.40	14.64	—
Dividend Payout %	-54.79%	47.16%	20.73%	16.78%	-6.61%	-22.94%	14.17%	19.78%	16.79%	22.19%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 44%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 28%

STOCK PRICE CAGR

10 Years:: 20%
5 Years:: 37%
3 Years:: 19%
1 Year:: -8%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 12%
3 Years:: 17%
Last Year:: 18%

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	99	119	119	119	119	142	142	142	142	142
Minority Interest	738	777	800	765	635	593	660	672	1,255	1,887
	2,419	4,062	4,229	4,238	3,530	6,920	7,840	9,314	11,018	12,910
	3,740	2,681	2,506	4,664	4,904	3,885	3,127	2,487	3,014	2,776
Trade Payables	293	340	325	389	318	387	477	519	578	720
	1,311	1,335	1,535	1,267	1,890	1,004	1,265	1,598	1,608	1,786
Total Liabilities	8,599	9,314	9,514	11,442	11,395	12,932	13,511	14,733	17,616	20,221
	5,815	6,163	6,422	8,059	8,438	8,415	8,819	9,311	10,918	12,210
Capital Work in Progress	222	195	116	243	165	193	324	231	576	764
	1,244	1,511	1,335	1,427	1,483	1,967	1,891	2,261	2,279	3,606
	80	86	80	94	93	101	109	116	135	150
	21	0	0	0	220	0	446	476	651	727
Cash & Bank	247	270	241	316	154	1,188	1,053	1,486	2,182	1,831
	969	1,089	1,320	1,304	843	1,068	868	851	875	932
Total Assets	8,599	9,314	9,514	11,442	11,395	12,932	13,511	14,733	17,616	20,221

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
	621	635	909	1,030	-319	617	1,619	1,935	2,194	2,471
Cash from Investing	855	-529	-388	-502	-120	-1,642	-145	-1,210	-1,892	-1,727
Cash from Financing	-1,381	96	-343	-265	280	1,659	-1,528	-985	-547	-976
	8	59	-20	56	-158	688	-53	-260	-245	-232

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

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
38.12	38.12	38.12	38.12	38.12	38.12	38.12	38.12	38.12
27.17	27.44	27.78	26.96	27.18	26.14	25.09	23.23	21.71
18.29	18.66	18.43	19.04	18.38	19.39	20.65	22.57	24.46
0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00
16.27	15.64	15.54	15.75	16.19	16.21	16.02	15.96	15.59

Documents

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

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - The Indian Hotels Company Limited has informed the Exchange about Schedule of meet

2026-08-24

Investor Presentation

2026-08-24 - The Indian Hotels Company Limited has informed the Exchange about Investor Presentation

2026-08-24

Press Release

2026-08-24 - The Indian Hotels Company Limited has informed the Exchange regarding a press release dated August 24, 2026, titled IHCL and Oriental Hotels Limited announce Merger".

2026-08-24

Amalgamation/Merger

2026-08-24 - The Indian Hotels Company Limited has informed the Exchange about Scheme of Arrangement between Oriental Hotels Limited and The Indian Hotels Company Limited and their respective shareholders

2026-08-12

Action(s) taken or orders passed

2026-08-12 - The Indian Hotels Company Limited has informed the Exchange about Action(s) taken or orders passed

2026-08-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-05 - The Indian Hotels Company Limited has informed the Exchange about Schedule of meet

2026-07-29

Copy of Newspaper Publication

2026-07-29 - The Indian Hotels Company Limited has informed the Exchange about Copy of Newspaper advertisement regarding opening of another special window for re-lodgement of transfer request of physical shares.

2026-07-28

General Updates

2026-07-28 - The Indian Hotels Company Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Rating

2026-07-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-27 - The Indian Hotels Company Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for INDHOTEL

Loading news…

🤖

AI Stock Analyst

The Indian Hotels Company Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

INDHOTEL

722.00

47.89

102771.81

0.45

390.81

18.67

2339.19

14.61

25.70

28.75

ITCHOTELS

155.25

37.43

32338.66

0.64

181.91

36.05

936.02

15.71

10.54

31.62

CHALET

889.50

36.89

19479.53

0.22

86.12

-57.60

512.27

-42.73

17.19

45.68

EIHOTEL

289.45

25.44

18101.17

0.52

120.31

226.22

656.96

14.54

19.68

26.02

THELEELA

531.70

40.07

17756.54

0.00

48.76

460.27

351.96

28.08

8.97

36.30

VENTIVE

570.60

27.79

13325.88

0.00

124.18

227.44

542.80

6.97

13.15

35.30

LEMONTREE

106.25

35.85

8417.62

0.00

57.34

19.21

344.61

9.13

18.72

43.36

ITDC

630.20

65.64

5405.19

0.47

9.39

-3.63

90.10

2.68

29.05

9.25

JUNIPER

213.80

28.68

4757.10

0.00

33.26

269.47

249.53

13.04

7.85

34.56

MHRIL

199.70

76.17

4035.31

0.00

-85.59

-1293.89

7328.14

944.78

42.30

15.36

SAMHI

152.55

6.73

3392.10

0.00

24.93

29.72

305.21

12.12

12.38

32.18

ORIENTHOT

139.70

37.46

2495.03

0.47

5.30

-20.06

111.48

3.56

12.52

17.26

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

1,466

1,433

1,964

1,905

1,550

1,826

2,533

2,425

2,041

2,842

2,765

2,339

1,056

1,078

1,231

1,246

1,101

1,325

1,571

1,568

1,465

1,471

1,766

1,793

1,886

Operating Profit

410

355

732

660

450

501

962

857

576

570

1,076

973

453

OPM %

27.97%

24.75%

37.29%

34.63%

29.00%

27.45%

37.97%

35.33%

28.22%

27.93%

37.85%

35.17%

19.37%

371

334

Interest

Depreciation

109

111

114

120

117

125

134

142

143

145

150

167

163

Profit before Tax

294

232

605

535

328

696

834

720

440

453

1,203

830

533

Tax %

28.35%

31.13%

27.57%

26.48%

28.70%

17.59%

26.40%

24.99%

27.37%

30.16%

22.36%

24.66%

26.71%

Net Profit

236

179

260

583

633

563

329

318

954

645

391

1.57

1.18

3.18

2.93

1.75

3.89

4.09

3.67

2.08

2.00

6.35

4.21

2.51

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

4,021

4,104

4,512

4,463

1,575

3,056

5,810

6,769

8,335

9,689

9,987

3,411

3,433

3,682

3,496

1,937

2,651

4,005

4,612

5,565

6,495

6,916

Operating Profit

610

670

830

968

-362

405

1,804

2,157

2,769

3,195

3,072

OPM %

15.16%

16.34%

18.39%

21.68%

-22.97%

13.24%

31.06%

31.87%

33.23%

32.97%

30.76%

173

325

171

142

183

535

558

577

Interest

332

279

194

341

403

428

236

220

208

221

224

Depreciation

299

301

328

404

410

406

416

454

518

605

625

Profit before Tax

184

402

396

-850

-258

1,295

1,666

2,578

2,926

3,019

Tax %

371.94%

65.69%

39.11%

11.32%

18.28%

13.86%

24.97%

27.86%

23.93%

24.97%

24.93%

Net Profit

-83

245

351

-694

-222

971

1,202

1,961

2,195

2,267

EPS

-0.60

0.91

2.41

2.98

-6.05

-1.97

7.06

8.85

13.40

14.64

—

Dividend Payout %

-54.79%

47.16%

20.73%

16.78%

-6.61%

-22.94%

14.17%

19.78%

16.79%

22.19%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

119

142

Minority Interest

738

777

800

765

635

593

660

672

1,255

1,887

2,419

4,062

4,229

4,238

3,530

6,920

7,840

9,314

11,018

12,910

3,740

2,681

2,506

4,664

4,904

3,885

3,127

2,487

3,014

2,776

Trade Payables

293

340

325

389

318

387

477

519

578

720

1,311

1,335

1,535

1,267

1,890

1,004

1,265

1,598

1,608

1,786

Total Liabilities

8,599

9,314

9,514

11,442

11,395

12,932

13,511

14,733

17,616

20,221

5,815

6,163

6,422

8,059

8,438

8,415

8,819

9,311

10,918

12,210

Capital Work in Progress

222

195

116

243

165

193

324

231

576

764

1,244

1,511

1,335

1,427

1,483

1,967

1,891

2,261

2,279

3,606

101

109

116

135

150

220

446

476

651

727

Cash & Bank

247

270

241

316

154

1,188

1,053

1,486

2,182

1,831

969

1,089

1,320

1,304

843

1,068

868

851

875

932

Total Assets

8,599

9,314

9,514

11,442

11,395

12,932

13,511

14,733

17,616

20,221

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

621

635

909

1,030

-319

617

1,619

1,935

2,194

2,471

Cash from Investing

855

-529

-388

-502

-120

-1,642

-145

-1,210

-1,892

-1,727

Cash from Financing

-1,381

-343

-265

280

1,659

-1,528

-985

-547

-976

-20

-158

688

-53

-260

-245

-232

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

38.12

27.17

27.44

27.78

26.96

27.18

26.14

25.09

23.23

21.71

18.29

18.66

18.43

19.04

18.38

19.39

20.65

22.57

24.46

0.01

0.00

16.27

15.64

15.54

15.75

16.19

16.21

16.02

15.96

15.59

The Indian Hotels Company 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

The Indian Hotels Company 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