Lemon Tree Hotels Ltd.

•

lemontreehotels.comBSE: 541233NSE: LEMONTREE

Market Cap₹ 8,303 Cr.

Current Price

High / Low₹ 179 / 100

Stock P/E73.0

Book Value₹ 18

Price to Book5.82

Dividend Yield0.00 %

ROCE12.4 %

ROE8.3 %

Face Value₹ 10

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ABOUT

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 has delivered good sales growth of 40.8% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.78x)
Latest quarter profit grew 25.5% YoY, showing strong momentum
Stock looks reasonably valued - P/E of 73.0 is below its historical median
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 38.6% versus prior year
Company has a low return on equity of 8.4% over last 3 years
Operating margins have contracted to 49.2% from 56.9%
Stock is trading at 5.8x its book value
Though reporting repeated profits, the company pays out little dividend (0.0%)
Expensive relative to growth - PEG of 6.5

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

Peer comparison

Consumer ServicesHospitalityHotel, Resort & Restaurants

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

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	48.76	460.27	351.96	28.08	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	-85.59	-1293.89	7328.14	944.78	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.	ORIENTHOT	141.20	37.86	2521.82	0.46	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
	75	78	102	102	83	87	104	111	93	91	125	134	105
	39	41	44	43	44	45	50	47	52	47	62	64	73
Operating Profit	36	37	58	60	38	41	54	64	41	43	63	70	32
OPM %	48.06%	47.13%	56.65%	58.31%	46.35%	47.68%	51.93%	57.58%	44.11%	47.83%	50.43%	52.42%	30.20%
	1	1	6	7	1	2	2	2	2	2	-17	2	3
Interest	13	12	12	12	11	11	11	10	9	9	8	8	7
Depreciation	5	5	5	5	5	5	5	5	5	5	5	5	5
Profit before Tax	19	20	46	50	24	27	40	51	29	32	33	59	35
Tax %	29.84%	29.52%	26.84%	29.37%	29.78%	29.39%	29.20%	29.22%	29.40%	29.31%	29.41%	27.77%	25.69%
Net Profit	13	14	34	35	17	19	28	36	20	23	23	42	26
	0.17	0.18	0.43	0.45	0.21	0.24	0.36	0.45	0.26	0.28	0.29	0.53	0.32

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
	218	231	273	270	80	129	311	357	385	442	454
	159	163	182	162	64	89	138	167	187	225	246
Operating Profit	60	68	91	108	16	40	172	190	198	217	208
OPM %	27.31%	29.44%	33.31%	40.05%	19.67%	30.95%	55.51%	53.25%	51.39%	49.17%	45.82%
	11	12	12	5	1	6	4	15	6	-11	-10
Interest	41	34	35	48	48	48	45	49	42	35	33
Depreciation	21	20	20	24	23	21	20	21	20	20	20
Profit before Tax	8	26	48	41	-54	-23	112	136	142	152	158
Tax %	16.36%	15.73%	-30.54%	20.79%	24.39%	28.97%	29.51%	28.60%	29.33%	28.76%	27.97%
Net Profit	7	22	63	32	-41	-16	79	97	100	108	114
EPS	0.08	0.28	0.80	0.41	-0.52	-0.20	1.00	1.22	1.27	1.37	—
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:: 9%
5 Years:: 41%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 11%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 21%
3 Years:: -4%
1 Year:: -40%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 6%
3 Years:: 8%
Last Year:: 8%

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	781	786	789	790	790	791	792	792	792	792
	144	172	242	253	213	197	268	365	465	574
	331	330	323	513	541	510	540	396	322	273
Trade Payables	37	45	48	46	43	29	31	17	19	24
	14	13	-8	-17	-32	-36	-15	75	96	100
Total Liabilities	1,306	1,347	1,395	1,586	1,555	1,491	1,616	1,645	1,694	1,762
	433	450	436	594	568	550	535	520	512	511
Capital Work in Progress	6	8	12	14	15	18	21	25	40	79
	697	716	734	795	793	810	930	983	986	993
	2	2	2	2	2	2	3	3	3	2
	0	0	0	0	0	0	0	20	35	37
Cash & Bank	6	6	10	12	36	16	8	5	13	15
	162	166	200	168	140	95	119	89	106	125
Total Assets	1,306	1,347	1,395	1,586	1,555	1,491	1,616	1,645	1,694	1,762

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
	74	50	94	63	3	78	157	199	171	175
Cash from Investing	-17	-27	-46	-54	36	-21	-139	-85	-49	-74
Cash from Financing	-54	-24	-35	2	-16	-75	-11	-119	-114	-103
	1	0	5	1	25	-21	-8	-5	8	-2

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

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	22.77	22.77	22.34	22.28	22.28	22.28	22.32	22.32
	21.75	20.01	20.89	21.33	21.45	21.50	21.59	19.44
	18.91	20.80	19.68	19.98	19.71	19.45	15.67	14.35
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	36.57	36.43	37.07	36.41	36.56	36.76	40.43	43.89

Documents

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

2026-09-08

Action(s) initiated or orders passed

2026-09-08 - Lemon Tree Hotels Limited has informed the Exchange about Action(s) initiated or orders passed

2026-09-04

Press Release

2026-09-04 - Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated September 04, 2026, titled "The Company has signed two License Agreements viz. Lemon Tree Hotel, Bodhgaya and Keys Select by Lemon Tree Hotels, Bodhgaya".

2026-08-27

Updates

2026-08-27 - Lemon Tree Hotels Limited has informed the Exchange regarding 'Letter Dispatched to the Members of the Company - Web-Link of Notice of 34th Annual General Meeting and Integrated Annual Report for FY 2025-26'.

2026-08-27

Copy of Newspaper Publication

2026-08-27 - Lemon Tree Hotels Limited has informed the Exchange about copies of the newspaper advertisement with regard to completion of dispatch of the Notice of 34th Annual General Meeting (AGM) and Integrated Annual Report for the FY 2025-26

2026-08-26

Press Release

2026-08-26 - Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated August 26, 2026, titled "Opening of Lemon Tree Premier, Vadodara."

2026-08-26

Shareholders meeting

2026-08-26 - Lemon Tree Hotels Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2026

2026-08-24

Copy of Newspaper Publication

2026-08-24 - Lemon Tree Hotels Limited has informed the Exchange about Copy of Newspaper Publication regarding Annual General Meeting (AGM)

2026-08-20

Press Release

2026-08-20 - Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated August 20, 2026, titled "Opening of Lemon Tree Hotel, Bharuch".

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Lemon Tree Hotels Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for LEMONTREE

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Lemon Tree Hotels 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

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

-85.59

-1293.89

7328.14

944.78

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

ORIENTHOT

141.20

37.86

2521.82

0.46

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

102

104

111

125

134

105

Operating Profit

OPM %

48.06%

47.13%

56.65%

58.31%

46.35%

47.68%

51.93%

57.58%

44.11%

47.83%

50.43%

52.42%

30.20%

-17

Interest

Depreciation

Profit before Tax

Tax %

29.84%

29.52%

26.84%

29.37%

29.78%

29.39%

29.20%

29.22%

29.40%

29.31%

29.41%

27.77%

25.69%

Net Profit

0.17

0.18

0.43

0.45

0.21

0.24

0.36

0.45

0.26

0.28

0.29

0.53

0.32

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

218

231

273

270

129

311

357

385

442

454

159

163

182

162

138

167

187

225

246

Operating Profit

108

172

190

198

217

208

OPM %

27.31%

29.44%

33.31%

40.05%

19.67%

30.95%

55.51%

53.25%

51.39%

49.17%

45.82%

-11

-10

Interest

Depreciation

Profit before Tax

-54

-23

112

136

142

152

158

Tax %

16.36%

15.73%

-30.54%

20.79%

24.39%

28.97%

29.51%

28.60%

29.33%

28.76%

27.97%

Net Profit

-41

-16

100

108

114

EPS

0.08

0.28

0.80

0.41

-0.52

-0.20

1.00

1.22

1.27

1.37

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

781

786

789

790

791

792

144

172

242

253

213

197

268

365

465

574

331

330

323

513

541

510

540

396

322

273

Trade Payables

-8

-17

-32

-36

-15

100

Total Liabilities

1,306

1,347

1,395

1,586

1,555

1,491

1,616

1,645

1,694

1,762

433

450

436

594

568

550

535

520

512

511

Capital Work in Progress

697

716

734

795

793

810

930

983

986

993

Cash & Bank

162

166

200

168

140

119

106

125

Total Assets

1,306

1,347

1,395

1,586

1,555

1,491

1,616

1,645

1,694

1,762

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

157

199

171

175

Cash from Investing

-17

-27

-46

-54

-21

-139

-85

-49

-74

Cash from Financing

-54

-24

-35

-16

-75

-11

-119

-114

-103

-21

-8

-5

-2

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

22.77

22.34

22.28

22.32

21.75

20.01

20.89

21.33

21.45

21.50

21.59

19.44

18.91

20.80

19.68

19.98

19.71

19.45

15.67

14.35

Government

0.00

36.57

36.43

37.07

36.41

36.56

36.76

40.43

43.89

Lemon Tree Hotels 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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Lemon Tree Hotels 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