The Indian Hotels Company Ltd.

•

ihcltata.comBSE: 500850NSE: INDHOTEL

Market Cap₹ 1,02,772 Cr.

Current Price

High / Low₹ 793 / 565

Stock P/E48.8

Book Value₹ 92

Price to Book6.36

Dividend Yield0.45 %

ROCE22.4 %

ROE16.8 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Room Revenue: 43.0% • Food & Beverages & Banquets: 37.3% • Management fee: 10.5%

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 delivered good sales growth of 36.6% CAGR over last 5 years
Latest quarter profit grew 37.9% YoY, showing strong momentum
Operating margins have improved to 42.4% from 37.5%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.05x)

CONS

Working capital days have increased from 123 to 180 days
Recurring exceptional / one-off items are inflating headline profit
Stock is trading at 6.4x its book value
Rich enterprise valuation - EV/EBITDA of 31.4x

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

Peer comparison

Consumer ServicesHospitalityHotel, Resort & Restaurants

Part ofNIFTY NEXT 50 NIFTY CONSUMPTION NIFTY100 EQL WGT NIFTY 500 NIFTY 100

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

Standalone Figures in Rs. Crores / View Consolidated

	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
	890	893	1,281	1,342	931	1,035	1,474	1,476	1,045	1,060	1,614	1,661	1,232
	596	619	722	756	604	691	792	798	682	690	856	868	850
Operating Profit	294	274	558	586	327	345	682	678	363	370	757	792	382
OPM %	33.01%	30.66%	43.60%	43.69%	35.13%	33.28%	46.28%	45.95%	34.72%	34.93%	46.93%	47.70%	31.00%
	45	25	43	2	40	87	43	42	55	105	474	49	66
Interest	30	31	28	26	25	25	25	24	25	25	25	25	25
Depreciation	54	55	59	60	60	62	66	68	67	67	69	75	70
Profit before Tax	254	212	515	502	282	344	633	628	326	384	1,137	741	448
Tax %	26.00%	25.82%	26.07%	26.44%	26.00%	26.00%	26.00%	23.32%	24.97%	24.66%	19.02%	24.75%	24.66%
Net Profit	188	157	380	369	209	254	469	481	245	289	921	558	337
	1.33	1.11	2.68	2.59	1.47	1.78	3.30	3.38	1.72	2.03	6.47	3.91	2.37

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,402	2,584	2,780	2,743	1,133	2,003	3,704	4,406	4,917	5,380	5,567
	1,882	1,955	2,051	1,982	1,230	1,615	2,317	2,693	2,885	3,097	3,265
Operating Profit	520	629	729	761	-97	388	1,387	1,712	2,032	2,283	2,302
OPM %	21.64%	24.33%	26.23%	27.74%	-8.55%	19.38%	37.45%	38.86%	41.33%	42.43%	41.35%
	92	0	16	118	-45	92	88	113	212	682	693
Interest	198	193	159	238	295	304	128	115	100	100	100
Depreciation	151	151	169	204	204	203	208	228	257	278	281
Profit before Tax	262	284	418	438	-640	-27	1,139	1,483	1,887	2,588	2,709
Tax %	45.36%	48.01%	36.84%	8.30%	18.04%	-27.07%	25.98%	26.15%	25.11%	22.25%	22.32%
Net Profit	143	148	264	401	-525	-34	843	1,095	1,413	2,012	2,105
EPS	1.37	1.34	2.22	3.38	-4.41	-0.27	5.94	7.69	9.93	14.13	—
Dividend Payout %	24.18%	32.19%	22.55%	14.81%	-9.07%	-164.95%	16.85%	22.75%	22.66%	22.99%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 37%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: 37%
5 Years:: —
3 Years:: 34%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 6%
5 Years:: 10%
3 Years:: 14%
Last Year:: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,668	4,275	4,365	4,465	4,089	7,958	8,697	10,002	11,114	12,625
	1,765	1,986	1,430	2,897	3,502	1,951	1,554	1,139	1,148	1,164
Trade Payables	177	208	190	255	203	240	312	357	314	425
	1,527	1,115	1,776	1,171	1,233	841	1,075	1,136	1,191	1,260
Total Liabilities	6,237	7,704	7,881	8,907	9,147	11,132	11,780	12,777	13,909	15,616
	2,188	2,398	2,486	3,311	3,360	3,252	3,351	3,756	3,922	4,060
Capital Work in Progress	108	63	34	137	52	111	234	34	52	63
	3,029	4,161	4,113	4,152	4,410	5,774	6,281	6,850	6,909	8,897
	48	51	51	59	52	56	67	74	88	94
	0	0	0	0	197	0	379	403	451	514
Cash & Bank	23	129	96	148	40	1,006	764	1,020	1,734	1,340
	842	900	1,101	1,100	1,037	933	703	641	754	649
Total Assets	6,237	7,704	7,881	8,907	9,147	11,132	11,780	12,777	13,909	15,616

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	538	599	726	802	-53	632	1,227	1,528	1,517	1,714
Cash from Investing	-96	-1,388	-372	-333	-384	-1,890	-647	-1,203	-1,220	-1,236
Cash from Financing	-369	1,013	-207	-235	339	1,804	-701	-740	-361	-440
	-6	106	-32	43	-98	607	-120	-416	-63	39

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

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AI Stock Analyst

The Indian Hotels Company Ltd.

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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

890

893

1,281

1,342

931

1,035

1,474

1,476

1,045

1,060

1,614

1,661

1,232

596

619

722

756

604

691

792

798

682

690

856

868

850

Operating Profit

294

274

558

586

327

345

682

678

363

370

757

792

382

OPM %

33.01%

30.66%

43.60%

43.69%

35.13%

33.28%

46.28%

45.95%

34.72%

34.93%

46.93%

47.70%

31.00%

105

474

Interest

Depreciation

Profit before Tax

254

212

515

502

282

344

633

628

326

384

1,137

741

448

Tax %

26.00%

25.82%

26.07%

26.44%

26.00%

23.32%

24.97%

24.66%

19.02%

24.75%

24.66%

Net Profit

188

157

380

369

209

254

469

481

245

289

921

558

337

1.33

1.11

2.68

2.59

1.47

1.78

3.30

3.38

1.72

2.03

6.47

3.91

2.37

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,402

2,584

2,780

2,743

1,133

2,003

3,704

4,406

4,917

5,380

5,567

1,882

1,955

2,051

1,982

1,230

1,615

2,317

2,693

2,885

3,097

3,265

Operating Profit

520

629

729

761

-97

388

1,387

1,712

2,032

2,283

2,302

OPM %

21.64%

24.33%

26.23%

27.74%

-8.55%

19.38%

37.45%

38.86%

41.33%

42.43%

41.35%

118

-45

113

212

682

693

Interest

198

193

159

238

295

304

128

115

100

Depreciation

151

169

204

203

208

228

257

278

281

Profit before Tax

262

284

418

438

-640

-27

1,139

1,483

1,887

2,588

2,709

Tax %

45.36%

48.01%

36.84%

8.30%

18.04%

-27.07%

25.98%

26.15%

25.11%

22.25%

22.32%

Net Profit

143

148

264

401

-525

-34

843

1,095

1,413

2,012

2,105

EPS

1.37

1.34

2.22

3.38

-4.41

-0.27

5.94

7.69

9.93

14.13

—

Dividend Payout %

24.18%

32.19%

22.55%

14.81%

-9.07%

-164.95%

16.85%

22.75%

22.66%

22.99%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

119

142

2,668

4,275

4,365

4,465

4,089

7,958

8,697

10,002

11,114

12,625

1,765

1,986

1,430

2,897

3,502

1,951

1,554

1,139

1,148

1,164

Trade Payables

177

208

190

255

203

240

312

357

314

425

1,527

1,115

1,776

1,171

1,233

841

1,075

1,136

1,191

1,260

Total Liabilities

6,237

7,704

7,881

8,907

9,147

11,132

11,780

12,777

13,909

15,616

2,188

2,398

2,486

3,311

3,360

3,252

3,351

3,756

3,922

4,060

Capital Work in Progress

108

137

111

234

3,029

4,161

4,113

4,152

4,410

5,774

6,281

6,850

6,909

8,897

197

379

403

451

514

Cash & Bank

129

148

1,006

764

1,020

1,734

1,340

842

900

1,101

1,100

1,037

933

703

641

754

649

Total Assets

6,237

7,704

7,881

8,907

9,147

11,132

11,780

12,777

13,909

15,616

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

538

599

726

802

-53

632

1,227

1,528

1,517

1,714

Cash from Investing

-96

-1,388

-372

-333

-384

-1,890

-647

-1,203

-1,220

-1,236

Cash from Financing

-369

1,013

-207

-235

339

1,804

-701

-740

-361

-440

-6

106

-32

-98

607

-120

-416

-63

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

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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

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