Chalet Hotels Ltd.

•

₹ 861.951.06%

2026-08-21

chalethotels.comBSE: 542399NSE: CHALET

Market Cap₹ 18,576 Cr.

Current Price₹ 853

High / Low₹ 1,070 / 691

Stock P/E35.2

Book Value₹ 173

Price to Book5.91

Dividend Yield0.24 %

ROCE11.4 %

ROE5.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Hospitality Division: 88.5% • Rental / Annuity Business: 11.5%

PROS

Operating margins have improved to 42.8% from 23.7%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.50x)

CONS

Recent results are weak - TTM profit is down 19.3% versus prior year
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 10.7%
Company has delivered a poor profit growth of 6.1% over past five years
Stock is trading at 5.9x its book value

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

Peer comparison

EDIT COLUMNS

Consumer ServicesHospitalityHotel, Resort & Restaurants

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	INDHOTEL	724.00	48.02	103056.49	0.45	390.81	18.67	2339.19	14.61	25.70	28.75
2.	ITCHOTELS	163.55	39.43	34067.08	0.61	181.91	36.05	936.02	15.71	10.54	31.62
3.	EIHOTEL	297.55	26.15	18607.71	0.50	120.31	226.22	656.96	14.54	19.68	26.02
4.	CHALET	848.25	35.17	18576.18	0.24	86.12	-57.60	512.27	-42.73	11.41	45.68
5.	THELEELA	532.65	40.14	17788.27	0.00	48.76	460.27	351.96	28.08	8.97	36.30
6.	VENTIVE	588.30	28.66	13739.25	0.00	124.18	227.44	542.80	6.97	13.15	35.30
7.	LEMONTREE	108.10	36.47	8564.18	0.00	57.34	19.21	344.61	9.13	17.75	43.36
8.	ITDC	683.05	71.14	5858.48	0.43	9.39	-3.63	90.10	2.68	29.74	9.25
9.	MHRIL	219.60	83.76	4437.15	0.00	-8.56	-219.39	732.81	4.48	42.30	15.36
10.	JUNIPER	197.90	26.55	4403.32	0.00	33.26	269.47	249.53	13.04	7.85	34.56
11.	SAMHI	159.50	7.04	3546.64	0.00	24.93	29.72	305.21	12.12	12.38	32.18
12.	PARKHOTELS	116.85	39.10	2493.28	0.64	11.49	-14.38	166.78	8.12	12.73	28.10

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
	311	315	374	418	361	377	458	522	895	735	582	558	512
	201	189	208	235	221	228	253	281	537	436	317	292	379
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	4	4	6	6	8	6	7	15	14	9	8	13	9
Interest	45	50	48	53	32	34	45	48	49	45	46	41	39
Depreciation	31	35	35	37	39	42	48	50	54	57	58	60	61
	37	44	89	99	78	79	118	159	269	205	167	178	133
Tax %	-138.27%	18.06%	20.32%	16.75%	21.98%	274.40%	18.45%	22.03%	24.38%	24.46%	25.81%	8.35%	35.02%
Net Profit	0	0	0	0	61	-139	97	124	203	155	124	163	86
	4	2	3	4	3	-6	4	6	9	7	6	7	0
Equity Capital	205	205	205	205	218	218	218	218	218	219	219	219	219
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	205	205	205	205	218	218	218	218	218	219	219	219	219
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 311
: 201
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 45
Depreciation: 31
: 37
Tax %: -138.27%
Net Profit: 0
: 4
Equity Capital: 205
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 205
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 315
: 189
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 50
Depreciation: 35
: 44
Tax %: 18.06%
Net Profit: 0
: 2
Equity Capital: 205
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 205
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 374
: 208
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 48
Depreciation: 35
: 89
Tax %: 20.32%
Net Profit: 0
: 3
Equity Capital: 205
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 205
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 418
: 235
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 53
Depreciation: 37
: 99
Tax %: 16.75%
Net Profit: 0
: 4
Equity Capital: 205
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 205
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 361
: 221
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 32
Depreciation: 39
: 78
Tax %: 21.98%
Net Profit: 61
: 3
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 377
: 228
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 34
Depreciation: 42
: 79
Tax %: 274.40%
Net Profit: -139
: -6
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 458
: 253
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 45
Depreciation: 48
: 118
Tax %: 18.45%
Net Profit: 97
: 4
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 522
: 281
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 48
Depreciation: 50
: 159
Tax %: 22.03%
Net Profit: 124
: 6
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 895
: 537
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 49
Depreciation: 54
: 269
Tax %: 24.38%
Net Profit: 203
: 9
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 218
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 735
: 436
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 45
Depreciation: 57
: 205
Tax %: 24.46%
Net Profit: 155
: 7
Equity Capital: 219
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 219
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 582
: 317
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 46
Depreciation: 58
: 167
Tax %: 25.81%
Net Profit: 124
: 6
Equity Capital: 219
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 219
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 558
: 292
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 41
Depreciation: 60
: 178
Tax %: 8.35%
Net Profit: 163
: 7
Equity Capital: 219
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 219
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 512
: 379
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 39
Depreciation: 61
: 133
Tax %: 35.02%
Net Profit: 86
: 0
Equity Capital: 219
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 219
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	582	737	796	987	981	286	508	1,128	1,417	1,718	2,387
	442	494	551	668	638	279	409	711	833	982	1,424
Operating Profit	156	431	300	367	371	29	120	502	604	772	—
OPM %	27	58	38	37	38	10	24	45	43	45	—
Other Income	15	187	56	48	28	22	22	85	20	36	38
Interest	216	218	212	266	146	152	144	154	197	159	171
Depreciation	99	127	112	115	113	117	118	117	138	179	237
	-166	79	-145	-18	107	-245	-147	273	269	434	683
Tax %	32	-61	36	58	1	45	49	33	-3	67	23
Net Profit	-112	127	-93	-8	106	-135	-75	183	278	142	528
EPS	-7	8	-6	-0	5	-7	-4	9	14	7	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	3	0	-0	0	-0	0	-0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-7	8	-5	-0	5	-7	-4	9	14	7	—
Minority Interest	0	0	0	0	3	0	-0	0	-0	0	-0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-7	8	-5	-0	5	-7	-4	9	14	7	—

Mar 2016

: 582
: 442
Operating Profit: 156
OPM %: 27
Other Income: 15
Interest: 216
Depreciation: 99
: -166
Tax %: 32
Net Profit: -112
EPS: -7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7

Mar 2017

: 737
: 494
Operating Profit: 431
OPM %: 58
Other Income: 187
Interest: 218
Depreciation: 127
: 79
Tax %: -61
Net Profit: 127
EPS: 8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2018

: 796
: 551
Operating Profit: 300
OPM %: 38
Other Income: 56
Interest: 212
Depreciation: 112
: -145
Tax %: 36
Net Profit: -93
EPS: -6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -5

Mar 2019

: 987
: 668
Operating Profit: 367
OPM %: 37
Other Income: 48
Interest: 266
Depreciation: 115
: -18
Tax %: 58
Net Profit: -8
EPS: -0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2020

: 981
: 638
Operating Profit: 371
OPM %: 38
Other Income: 28
Interest: 146
Depreciation: 113
: 107
Tax %: 1
Net Profit: 106
EPS: 5
Dividend Payout %: 0
Minority Interest: 3
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 3
Share of Associates: 0
Adjusted EPS: 5

Mar 2021

: 286
: 279
Operating Profit: 29
OPM %: 10
Other Income: 22
Interest: 152
Depreciation: 117
: -245
Tax %: 45
Net Profit: -135
EPS: -7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7

Mar 2022

: 508
: 409
Operating Profit: 120
OPM %: 24
Other Income: 22
Interest: 144
Depreciation: 118
: -147
Tax %: 49
Net Profit: -75
EPS: -4
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: -4
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: -4

Mar 2023

: 1,128
: 711
Operating Profit: 502
OPM %: 45
Other Income: 85
Interest: 154
Depreciation: 117
: 273
Tax %: 33
Net Profit: 183
EPS: 9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

Mar 2024

: 1,417
: 833
Operating Profit: 604
OPM %: 43
Other Income: 20
Interest: 197
Depreciation: 138
: 269
Tax %: -3
Net Profit: 278
EPS: 14
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 14

Mar 2025

: 1,718
: 982
Operating Profit: 772
OPM %: 45
Other Income: 36
Interest: 159
Depreciation: 179
: 434
Tax %: 67
Net Profit: 142
EPS: 7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

TTM

: 2,387
: 1,424
Operating Profit: —
OPM %: —
Other Income: 38
Interest: 171
Depreciation: 237
: 683
Tax %: 23
Net Profit: 528
EPS: —
Dividend Payout %: —
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 15%
5 Years:: 12%
3 Years:: 50%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 7%
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: 39%
3 Years:: 19%
1 Year:: -15%

RETURN ON EQUITY

10 Years:: 1%
5 Years:: 4%
3 Years:: 12%
Last Year:: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	152	152	171	205	205	205	205	205	205	218
	365	315	324	1,216	1,347	1,208	1,134	1,327	1,632	2,813
	258	325	163	72	40	84	5	13	89	222
Trade Payables	65	85	86	122	106	83	87	150	207	171
	2,514	2,649	2,876	1,872	2,229	2,229	2,757	3,092	3,453	3,624
Total Liabilities	3,355	3,525	3,621	3,487	3,927	3,809	4,188	4,786	5,587	7,049
ASSETS	-	-	-	-	-	-	-	-	-	-
	1,938	2,196	2,146	2,072	2,305	2,085	2,057	2,206	2,561	3,212
Capital Work in Progress	32	21	22	34	88	36	32	98	37	183
	47	0	4	5	5	4	6	7	10	109
	326	319	312	395	392	391	393	413	542	633
	0	0	0	0	0	0	0	0	55	78
Cash & Bank	35	33	32	83	128	46	100	122	132	186
	978	955	1,106	897	1,010	1,247	1,599	1,941	2,250	2,649
Total Assets	3,355	3,525	3,621	3,487	3,927	3,809	4,188	4,786	5,587	7,049
Total Debt	2,351	2,636	2,725	1,546	1,902	2,058	2,534	2,794	2,950	2,554
Net Working Capital	-344	-404	-214	-126	-73	-210	-199	-373	-1,031	-1,039
Contingent Liabilities	17	19	15	35	62	54	64	80	35	46
Book Value per Share	33.99	30.70	28.96	69.32	75.69	68.91	65.30	74.71	89.45	138.78
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	2,351	2,636	2,725	1,546	1,902	2,058	2,534	2,794	2,950	2,554
Net Working Capital	-344	-404	-214	-126	-73	-210	-199	-373	-1,031	-1,039
Contingent Liabilities	17	19	15	35	62	54	64	80	35	46
Book Value per Share	33.99	30.70	28.96	69.32	75.69	68.91	65.30	74.71	89.45	138.78
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2016

Equity Capital: 152
: 365
: 258
Trade Payables: 65
: 2,514
Total Liabilities: 3,355
: 1,938
Capital Work in Progress: 32
: 47
: 326
: 0
Cash & Bank: 35
: 978
Total Assets: 3,355
Total Debt: 2,351
Net Working Capital: -344
Contingent Liabilities: 17
Book Value per Share: 33.99
Face Value: 10.00
Total Debt: 2,351
Net Working Capital: -344
Contingent Liabilities: 17
Book Value per Share: 33.99
Face Value: 10.00

Mar 2017

Equity Capital: 152
: 315
: 325
Trade Payables: 85
: 2,649
Total Liabilities: 3,525
: 2,196
Capital Work in Progress: 21
: 0
: 319
: 0
Cash & Bank: 33
: 955
Total Assets: 3,525
Total Debt: 2,636
Net Working Capital: -404
Contingent Liabilities: 19
Book Value per Share: 30.70
Face Value: 10.00
Total Debt: 2,636
Net Working Capital: -404
Contingent Liabilities: 19
Book Value per Share: 30.70
Face Value: 10.00

Mar 2018

Equity Capital: 171
: 324
: 163
Trade Payables: 86
: 2,876
Total Liabilities: 3,621
: 2,146
Capital Work in Progress: 22
: 4
: 312
: 0
Cash & Bank: 32
: 1,106
Total Assets: 3,621
Total Debt: 2,725
Net Working Capital: -214
Contingent Liabilities: 15
Book Value per Share: 28.96
Face Value: 10.00
Total Debt: 2,725
Net Working Capital: -214
Contingent Liabilities: 15
Book Value per Share: 28.96
Face Value: 10.00

Mar 2019

Equity Capital: 205
: 1,216
: 72
Trade Payables: 122
: 1,872
Total Liabilities: 3,487
: 2,072
Capital Work in Progress: 34
: 5
: 395
: 0
Cash & Bank: 83
: 897
Total Assets: 3,487
Total Debt: 1,546
Net Working Capital: -126
Contingent Liabilities: 35
Book Value per Share: 69.32
Face Value: 10.00
Total Debt: 1,546
Net Working Capital: -126
Contingent Liabilities: 35
Book Value per Share: 69.32
Face Value: 10.00

Mar 2020

Equity Capital: 205
: 1,347
: 40
Trade Payables: 106
: 2,229
Total Liabilities: 3,927
: 2,305
Capital Work in Progress: 88
: 5
: 392
: 0
Cash & Bank: 128
: 1,010
Total Assets: 3,927
Total Debt: 1,902
Net Working Capital: -73
Contingent Liabilities: 62
Book Value per Share: 75.69
Face Value: 10.00
Total Debt: 1,902
Net Working Capital: -73
Contingent Liabilities: 62
Book Value per Share: 75.69
Face Value: 10.00

Mar 2021

Equity Capital: 205
: 1,208
: 84
Trade Payables: 83
: 2,229
Total Liabilities: 3,809
: 2,085
Capital Work in Progress: 36
: 4
: 391
: 0
Cash & Bank: 46
: 1,247
Total Assets: 3,809
Total Debt: 2,058
Net Working Capital: -210
Contingent Liabilities: 54
Book Value per Share: 68.91
Face Value: 10.00
Total Debt: 2,058
Net Working Capital: -210
Contingent Liabilities: 54
Book Value per Share: 68.91
Face Value: 10.00

Mar 2022

Equity Capital: 205
: 1,134
: 5
Trade Payables: 87
: 2,757
Total Liabilities: 4,188
: 2,057
Capital Work in Progress: 32
: 6
: 393
: 0
Cash & Bank: 100
: 1,599
Total Assets: 4,188
Total Debt: 2,534
Net Working Capital: -199
Contingent Liabilities: 64
Book Value per Share: 65.30
Face Value: 10.00
Total Debt: 2,534
Net Working Capital: -199
Contingent Liabilities: 64
Book Value per Share: 65.30
Face Value: 10.00

Mar 2023

Equity Capital: 205
: 1,327
: 13
Trade Payables: 150
: 3,092
Total Liabilities: 4,786
: 2,206
Capital Work in Progress: 98
: 7
: 413
: 0
Cash & Bank: 122
: 1,941
Total Assets: 4,786
Total Debt: 2,794
Net Working Capital: -373
Contingent Liabilities: 80
Book Value per Share: 74.71
Face Value: 10.00
Total Debt: 2,794
Net Working Capital: -373
Contingent Liabilities: 80
Book Value per Share: 74.71
Face Value: 10.00

Mar 2024

Equity Capital: 205
: 1,632
: 89
Trade Payables: 207
: 3,453
Total Liabilities: 5,587
: 2,561
Capital Work in Progress: 37
: 10
: 542
: 55
Cash & Bank: 132
: 2,250
Total Assets: 5,587
Total Debt: 2,950
Net Working Capital: -1,031
Contingent Liabilities: 35
Book Value per Share: 89.45
Face Value: 10.00
Total Debt: 2,950
Net Working Capital: -1,031
Contingent Liabilities: 35
Book Value per Share: 89.45
Face Value: 10.00

Mar 2025

Equity Capital: 218
: 2,813
: 222
Trade Payables: 171
: 3,624
Total Liabilities: 7,049
: 3,212
Capital Work in Progress: 183
: 109
: 633
: 78
Cash & Bank: 186
: 2,649
Total Assets: 7,049
Total Debt: 2,554
Net Working Capital: -1,039
Contingent Liabilities: 46
Book Value per Share: 138.78
Face Value: 10.00
Total Debt: 2,554
Net Working Capital: -1,039
Contingent Liabilities: 46
Book Value per Share: 138.78
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	79	201	249	366	252	60	62	477	689	950
Cash from Investing	-172	325	-129	147	-394	-50	-396	-592	-635	-1,385
Cash from Financing	53	-463	-157	-523	133	-34	411	126	-108	496
	-40	63	-37	-10	-8	-24	77	11	-53	61
Free Cash Flow	8	-234	203	352	-144	60	10	170	306	40
OCF / Net Profit	-0.71	1.58	-2.68	-47.92	2.38	-0.44	-0.83	2.60	2.48	6.67
Cumulative 5-Year FCF	0	0	0	0	186	238	481	447	402	586
OCF / Net Profit	-0.71	1.58	-2.68	-47.92	2.38	-0.44	-0.83	2.60	2.48	6.67
Cumulative 5-Year FCF	0	0	0	0	186	238	481	447	402	586

Mar 2016

: 79
Cash from Investing: -172
Cash from Financing: 53
: -40
Free Cash Flow: 8
OCF / Net Profit: -0.71
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.71
Cumulative 5-Year FCF: 0

Mar 2017

: 201
Cash from Investing: 325
Cash from Financing: -463
: 63
Free Cash Flow: -234
OCF / Net Profit: 1.58
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.58
Cumulative 5-Year FCF: 0

Mar 2018

: 249
Cash from Investing: -129
Cash from Financing: -157
: -37
Free Cash Flow: 203
OCF / Net Profit: -2.68
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.68
Cumulative 5-Year FCF: 0

Mar 2019

: 366
Cash from Investing: 147
Cash from Financing: -523
: -10
Free Cash Flow: 352
OCF / Net Profit: -47.92
Cumulative 5-Year FCF: 0
OCF / Net Profit: -47.92
Cumulative 5-Year FCF: 0

Mar 2020

: 252
Cash from Investing: -394
Cash from Financing: 133
: -8
Free Cash Flow: -144
OCF / Net Profit: 2.38
Cumulative 5-Year FCF: 186
OCF / Net Profit: 2.38
Cumulative 5-Year FCF: 186

Mar 2021

: 60
Cash from Investing: -50
Cash from Financing: -34
: -24
Free Cash Flow: 60
OCF / Net Profit: -0.44
Cumulative 5-Year FCF: 238
OCF / Net Profit: -0.44
Cumulative 5-Year FCF: 238

Mar 2022

: 62
Cash from Investing: -396
Cash from Financing: 411
: 77
Free Cash Flow: 10
OCF / Net Profit: -0.83
Cumulative 5-Year FCF: 481
OCF / Net Profit: -0.83
Cumulative 5-Year FCF: 481

Mar 2023

: 477
Cash from Investing: -592
Cash from Financing: 126
: 11
Free Cash Flow: 170
OCF / Net Profit: 2.60
Cumulative 5-Year FCF: 447
OCF / Net Profit: 2.60
Cumulative 5-Year FCF: 447

Mar 2024

: 689
Cash from Investing: -635
Cash from Financing: -108
: -53
Free Cash Flow: 306
OCF / Net Profit: 2.48
Cumulative 5-Year FCF: 402
OCF / Net Profit: 2.48
Cumulative 5-Year FCF: 402

Mar 2025

: 950
Cash from Investing: -1,385
Cash from Financing: 496
: 61
Free Cash Flow: 40
OCF / Net Profit: 6.67
Cumulative 5-Year FCF: 586
OCF / Net Profit: 6.67
Cumulative 5-Year FCF: 586

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	-7.39	8.38	-5.43	-0.37	5.01	-6.78	-3.97	8.92	13.54	6.53
Book Value (₹)	33.99	30.70	28.96	69.32	75.69	68.91	65.30	74.71	89.45	138.78
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	-0.90	16.72	1.10	5.26	10.69	-0.88	2.12	14.66	20.27	14.71
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	26.76%	58.43%	37.77%	37.16%	37.80%	10.16%	23.71%	44.51%	41.25%	42.84%
Net Margin %	-19.31%	17.28%	-11.67%	-0.77%	10.80%	-47.43%	-14.76%	16.24%	19.63%	8.29%
ROE %	-19.58%	25.90%	-19.30%	-0.80%	7.12%	-9.14%	-5.45%	12.77%	16.51%	5.85%
ROCE %	1.79%	9.95%	2.12%	7.99%	7.89%	-2.67%	-0.07%	10.41%	10.20%	11.41%
	-3.39%	3.70%	-2.60%	-0.21%	2.86%	-3.50%	-1.87%	4.08%	5.36%	2.26%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	9	12	19	19	17	46	27	17	15	14
Inventory Days	203	160	145	131	147	501	282	130	123	125
Payable Days	429	406	625	342	488	1445	588	320	618	591
	-217	-235	-461	-193	-325	-898	-280	-173	-480	-452
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	4.55x	5.64x	5.50x	1.09x	1.23x	1.46x	1.89x	1.82x	1.61x	0.84x
Interest Coverage (x)	0.23x	1.36x	0.32x	0.93x	1.73x	-0.61x	-0.02x	2.77x	2.37x	3.73x
	0.62x	0.60x	0.77x	0.83x	0.90x	0.73x	0.76x	0.65x	0.46x	0.53x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	31.94%	26.59%	7.89%	24.09%	-0.64%	-70.88%	77.82%	122.22%	25.59%	21.21%
Operating Profit Growth %	73.61%	176.36%	-30.26%	22.08%	1.08%	-92.18%	315.15%	317.16%	20.32%	27.77%
Net Profit Growth %	11.00%	213.29%	-172.88%	91.79%	1488.59%	-227.90%	44.68%	344.61%	51.77%	-48.78%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	51.78%	-51.79%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	65.25x	125.78x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	9.88x	5.91x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	34.70x	26.29x

Mar 2016

EPS (₹): -7.39
Book Value (₹): 33.99
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.90
Operating Margin %: 26.76%
Net Margin %: -19.31%
ROE %: -19.58%
ROCE %: 1.79%
: -3.39%
Debtor Days: 9
Inventory Days: 203
Payable Days: 429
: -217
Debt to Equity (x): 4.55x
Interest Coverage (x): 0.23x
: 0.62x
Revenue Growth %: 31.94%
Operating Profit Growth %: 73.61%
Net Profit Growth %: 11.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 8.38
Book Value (₹): 30.70
Dividend per Share (₹): 0.00
Cash EPS (₹): 16.72
Operating Margin %: 58.43%
Net Margin %: 17.28%
ROE %: 25.90%
ROCE %: 9.95%
: 3.70%
Debtor Days: 12
Inventory Days: 160
Payable Days: 406
: -235
Debt to Equity (x): 5.64x
Interest Coverage (x): 1.36x
: 0.60x
Revenue Growth %: 26.59%
Operating Profit Growth %: 176.36%
Net Profit Growth %: 213.29%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -5.43
Book Value (₹): 28.96
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.10
Operating Margin %: 37.77%
Net Margin %: -11.67%
ROE %: -19.30%
ROCE %: 2.12%
: -2.60%
Debtor Days: 19
Inventory Days: 145
Payable Days: 625
: -461
Debt to Equity (x): 5.50x
Interest Coverage (x): 0.32x
: 0.77x
Revenue Growth %: 7.89%
Operating Profit Growth %: -30.26%
Net Profit Growth %: -172.88%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -0.37
Book Value (₹): 69.32
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.26
Operating Margin %: 37.16%
Net Margin %: -0.77%
ROE %: -0.80%
ROCE %: 7.99%
: -0.21%
Debtor Days: 19
Inventory Days: 131
Payable Days: 342
: -193
Debt to Equity (x): 1.09x
Interest Coverage (x): 0.93x
: 0.83x
Revenue Growth %: 24.09%
Operating Profit Growth %: 22.08%
Net Profit Growth %: 91.79%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 5.01
Book Value (₹): 75.69
Dividend per Share (₹): 0.00
Cash EPS (₹): 10.69
Operating Margin %: 37.80%
Net Margin %: 10.80%
ROE %: 7.12%
ROCE %: 7.89%
: 2.86%
Debtor Days: 17
Inventory Days: 147
Payable Days: 488
: -325
Debt to Equity (x): 1.23x
Interest Coverage (x): 1.73x
: 0.90x
Revenue Growth %: -0.64%
Operating Profit Growth %: 1.08%
Net Profit Growth %: 1488.59%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -6.78
Book Value (₹): 68.91
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.88
Operating Margin %: 10.16%
Net Margin %: -47.43%
ROE %: -9.14%
ROCE %: -2.67%
: -3.50%
Debtor Days: 46
Inventory Days: 501
Payable Days: 1445
: -898
Debt to Equity (x): 1.46x
Interest Coverage (x): -0.61x
: 0.73x
Revenue Growth %: -70.88%
Operating Profit Growth %: -92.18%
Net Profit Growth %: -227.90%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -3.97
Book Value (₹): 65.30
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.12
Operating Margin %: 23.71%
Net Margin %: -14.76%
ROE %: -5.45%
ROCE %: -0.07%
: -1.87%
Debtor Days: 27
Inventory Days: 282
Payable Days: 588
: -280
Debt to Equity (x): 1.89x
Interest Coverage (x): -0.02x
: 0.76x
Revenue Growth %: 77.82%
Operating Profit Growth %: 315.15%
Net Profit Growth %: 44.68%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 8.92
Book Value (₹): 74.71
Dividend per Share (₹): 0.00
Cash EPS (₹): 14.66
Operating Margin %: 44.51%
Net Margin %: 16.24%
ROE %: 12.77%
ROCE %: 10.41%
: 4.08%
Debtor Days: 17
Inventory Days: 130
Payable Days: 320
: -173
Debt to Equity (x): 1.82x
Interest Coverage (x): 2.77x
: 0.65x
Revenue Growth %: 122.22%
Operating Profit Growth %: 317.16%
Net Profit Growth %: 344.61%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 13.54
Book Value (₹): 89.45
Dividend per Share (₹): 0.00
Cash EPS (₹): 20.27
Operating Margin %: 41.25%
Net Margin %: 19.63%
ROE %: 16.51%
ROCE %: 10.20%
: 5.36%
Debtor Days: 15
Inventory Days: 123
Payable Days: 618
: -480
Debt to Equity (x): 1.61x
Interest Coverage (x): 2.37x
: 0.46x
Revenue Growth %: 25.59%
Operating Profit Growth %: 20.32%
Net Profit Growth %: 51.77%
: 51.78%
P/E (x): 65.25x
P/B (x): 9.88x
Dividend Yield %: 0.00%
: 34.70x

Mar 2025

EPS (₹): 6.53
Book Value (₹): 138.78
Dividend per Share (₹): 0.00
Cash EPS (₹): 14.71
Operating Margin %: 42.84%
Net Margin %: 8.29%
ROE %: 5.85%
ROCE %: 11.41%
: 2.26%
Debtor Days: 14
Inventory Days: 125
Payable Days: 591
: -452
Debt to Equity (x): 0.84x
Interest Coverage (x): 3.73x
: 0.53x
Revenue Growth %: 21.21%
Operating Profit Growth %: 27.77%
Net Profit Growth %: -48.78%
: -51.79%
P/E (x): 125.78x
P/B (x): 5.91x
Dividend Yield %: 0.00%
: 26.29x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.52	67.48	67.42	67.41	67.40	67.34	67.33	67.29	67.29
	6.81	7.04	7.52	5.23	5.29	5.73	5.08	4.71	4.26
	21.47	21.46	21.21	23.93	23.92	23.40	23.99	24.57	24.99
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	4.20	4.02	3.85	3.42	3.39	3.53	3.60	3.44	3.45

Jun 2024

: 67.52
: 6.81
: 21.47
Government: 0.00
Public: 4.20

Sep 2024

: 67.48
: 7.04
: 21.46
Government: 0.00
Public: 4.02

Dec 2024

: 67.42
: 7.52
: 21.21
Government: 0.00
Public: 3.85

Mar 2025

: 67.41
: 5.23
: 23.93
Government: 0.00
Public: 3.42

Jun 2025

: 67.40
: 5.29
: 23.92
Government: 0.00
Public: 3.39

Sep 2025

: 67.34
: 5.73
: 23.40
Government: 0.00
Public: 3.53

Dec 2025

: 67.33
: 5.08
: 23.99
Government: 0.00
Public: 3.60

Mar 2026

: 67.29
: 4.71
: 24.57
Government: 0.00
Public: 3.44

Jun 2026

: 67.29
: 4.26
: 24.99
Government: 0.00
Public: 3.45

Documents

Announcements

Press Release
2026-08-05 - Chalet Hotels Limited has informed the Exchange regarding a press release dated August 05, 2026, titled "CHALET HOTELS EXPANDS GROWTH PIPELINE; MARKS ATHIVA S ENTRY INTO HYDERABAD AND PUNE BUSINESS DISTRICTS".
Capacity addition
2026-08-05 - Chalet Hotels Limited has informed the Exchange about Capacity addition

Annual Reports

Credit Ratings

Credit Rating
2025-12-05 - Chalet Hotels Limited has informed the Exchange about Credit Rating
Credit Rating- Revision
2025-09-03 - Chalet Hotels Limited has informed the Exchange about Credit Rating- Revision

Concalls

Aug 2026
TranscriptPPTREC
Jul 2026
TranscriptPPTREC
May 2026
Transcript PPTREC