Kamat Hotels (India) Ltd.
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ABOUT
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
- Company has a good return on equity (ROE) track record: 3 Years ROE 103.1%
- Company has a healthy return on capital (ROCE) of 38.3%
- Latest quarter profit grew 25.0% YoY, showing strong momentum
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (47.2% of PBT)
- Promoter holding has decreased over last 2 years: -6.4pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.48x)
- Working capital days have increased from -35 to 15 days
- Equity base is being diluted - shares outstanding up 25.0%
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| INDHOTEL | 720.50 | 47.79 | 102558.29 | 0.45 | 390.81 | 18.67 | 2339.19 | 14.61 | 25.70 | 28.75 |
| ITCHOTELS | 154.10 | 37.15 | 32099.12 | 0.65 | 181.91 | 36.05 | 936.02 | 15.71 | 10.54 | 31.62 |
| CHALET | 877.50 | 36.39 | 19216.73 | 0.23 | 86.12 | -57.60 | 512.27 | -42.73 | 17.19 | 45.68 |
| THELEELA | 553.65 | 41.72 | 18489.58 | 0.00 | 48.76 | 460.27 | 351.96 | 28.08 | 8.97 | 36.30 |
| EIHOTEL | 285.90 | 25.13 | 17879.16 | 0.52 | 120.31 | 226.22 | 656.96 | 14.54 | 19.68 | 26.02 |
| VENTIVE | 569.70 | 27.75 | 13304.87 | 0.00 | 124.18 | 227.44 | 542.80 | 6.97 | 13.15 | 35.30 |
| LEMONTREE | 105.65 | 35.65 | 8370.08 | 0.00 | 57.34 | 19.21 | 344.61 | 9.13 | 18.72 | 43.36 |
| ITDC | 669.05 | 69.69 | 5738.40 | 0.44 | 9.39 | -3.63 | 90.10 | 2.68 | 29.05 | 9.25 |
| JUNIPER | 227.55 | 30.52 | 5063.04 | 0.00 | 33.26 | 269.47 | 249.53 | 13.04 | 7.85 | 34.56 |
| MHRIL | 196.95 | 75.12 | 3979.74 | 0.00 | -8.56 | -219.39 | 732.81 | 4.48 | 42.30 | 15.36 |
| SAMHI | 160.20 | 7.07 | 3562.20 | 0.00 | 24.93 | 29.72 | 305.21 | 12.12 | 12.38 | 32.18 |
| KAMATHOTEL | 224.85 | 16.51 | 662.86 | 0.00 | 9.69 | 129.17 | 90.54 | 9.54 | 23.51 | 27.19 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 52 | 47 | 63 | 62 | 50 | 65 | 79 | 70 | 56 | 51 | 79 | 77 | 59 | |
| 36 | 34 | 46 | 47 | 44 | 48 | 46 | 51 | 45 | 48 | 56 | 57 | 52 | |
| Operating Profit | 16 | 12 | 17 | 14 | 6 | 17 | 34 | 19 | 11 | 3 | 23 | 20 | 7 |
| OPM % | 30.79% | 26.59% | 26.55% | 23.40% | 11.99% | 25.65% | 42.66% | 27.34% | 19.05% | 5.33% | 28.96% | 26.04% | 11.64% |
| 4 | 7 | 40 | 8 | 7 | 7 | 7 | 7 | 7 | 9 | 4 | 10 | 7 | |
| Interest | 15 | 16 | 12 | 13 | 10 | 6 | 4 | 4 | 4 | 4 | 4 | 7 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 5 |
| Profit before Tax | 3 | 2 | 42 | 7 | 1 | 15 | 34 | 19 | 11 | 5 | 18 | 19 | 14 |
| Tax % | 51.59% | 26.74% | 2.48% | 81.78% | 51.22% | 24.19% | 26.25% | 30.07% | 25.57% | 24.80% | 16.90% | 32.27% | 24.86% |
| Net Profit | 1 | 1 | 41 | 1 | 0 | 11 | 25 | 13 | 8 | 4 | 15 | 13 | 11 |
| 0.56 | 0.51 | 16.78 | 0.48 | 0.15 | 3.96 | 8.29 | 4.40 | 2.80 | 1.27 | 5.02 | 4.21 | 3.50 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 151 | 155 | 170 | 192 | 179 | 52 | 108 | 224 | 223 | 264 | 266 | |
| 111 | 104 | 115 | 126 | 123 | 45 | 81 | 134 | 163 | 194 | 213 | |
| Operating Profit | 39 | 50 | 55 | 66 | 56 | 7 | 27 | 90 | 59 | 70 | 53 |
| OPM % | 26.13% | 32.59% | 32.37% | 34.47% | 31.39% | 13.45% | 25.19% | 40.08% | 26.63% | 26.50% | 19.78% |
| -74 | 28 | 22 | 2 | 25 | 5 | 1 | 205 | 59 | 32 | 30 | |
| Interest | 39 | 28 | 15 | 22 | 34 | 39 | 48 | 20 | 56 | 23 | 19 |
| Depreciation | 13 | 13 | 12 | 11 | 11 | 10 | 10 | 10 | 9 | 10 | 16 |
| Profit before Tax | -86 | 38 | 51 | 36 | 36 | -37 | -30 | 265 | 54 | 69 | 56 |
| Tax % | 1.36% | 0.65% | 25.83% | 30.02% | 0.67% | 25.78% | 24.77% | 1.27% | 15.81% | 27.14% | 24.75% |
| Net Profit | -85 | 38 | 38 | 25 | 36 | -28 | -22 | 262 | 45 | 50 | 42 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -11.69 | -9.47 | 110.71 | 17.46 | 17.09 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 8%
- 3 Years:
- 35%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 7%
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 20%
- 5 Years:
- 36%
- 3 Years:
- 3%
- 1 Year:
- -27%
RETURN ON EQUITY
- 10 Years:
- 31%
- 5 Years:
- 62%
- 3 Years:
- 103%
- Last Year:
- 15%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 25 | 26 | 29 |
| -136 | -114 | -77 | -51 | -16 | -43 | -65 | 206 | 263 | 344 | |
| 487 | 486 | 362 | 314 | 265 | 303 | 252 | 311 | 183 | 127 | |
| Trade Payables | 25 | 12 | 17 | 20 | 25 | 22 | 18 | 14 | 21 | 13 |
| 96 | 46 | 62 | 71 | 71 | 53 | 127 | 77 | 104 | 61 | |
| Total Liabilities | 496 | 454 | 388 | 376 | 370 | 358 | 356 | 633 | 596 | 575 |
| 317 | 291 | 280 | 272 | 266 | 256 | 255 | 163 | 167 | 185 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 5 | 6 | 0 | 1 | 3 | 2 |
| 6 | 12 | 11 | 11 | 11 | 0 | 0 | 50 | 50 | 50 | |
| 5 | 5 | 3 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 8 | |
| Cash & Bank | 5 | 3 | 4 | 4 | 3 | 7 | 9 | 21 | 27 | 18 |
| 164 | 142 | 89 | 85 | 82 | 87 | 90 | 396 | 338 | 308 | |
| Total Assets | 496 | 454 | 388 | 376 | 370 | 358 | 356 | 633 | 596 | 575 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 53 | 33 | 117 | 73 | 63 | -3 | 22 | 102 | 40 | 34 | |
| Cash from Investing | 3 | 3 | 4 | -3 | -6 | 1 | -2 | -160 | 134 | 35 |
| Cash from Financing | -57 | -33 | -119 | -72 | -56 | 6 | -16 | 59 | -178 | -70 |
| -2 | 3 | 1 | -4 | 0 | 6 | 2 | -2 | -3 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - Kamat Hotels (I) Limited has informed the Exchange about Letter to Shareholders whose e-mail addresses are not registered with Company/Registrar & Transfer Agent/Depository Participants.
2026-09-03 - Kamat Hotels (I) Limited has informed the Exchange about Copy of Newspaper Publication of Notice of 39th Annual General Meeting to be held on Saturday, 26th September, 2026
2026-09-02 - Kamat Hotels (I) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2026.
2026-08-29 - Kamat Hotels (I) Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-22 - Kamat Hotels (I) Limited has informed the Exchange about Schedule of meet
2026-08-14 - Kamat Hotels (I) Limited has informed the Exchange about Transcript
2026-08-12 - Kamat Hotels (I) Limited has informed the Exchange about Link of Recording
2026-08-12 - Kamat Hotels (I) Limited has informed the Exchange about Copy of Newspaper Publication regarding the outcome of Board Meeting held on August 11, 2026.
2026-08-11 - Kamat Hotels (I) Limited has informed the Exchange about Investor Presentation
News
Recent coverage and analyst commentary for KAMATHOTEL
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