The Indian Hotels Company Ltd.
•₹ 730-0.79%
2026-08-21
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
EDIT COLUMNS| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 49 | 48 | 40 | 46 | 46 | 64 | 59 | 62 | 61 | 83 | 58 | 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 |
| 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 |
| 2 | 1 | 3 | 3 | 2 | 4 | 4 | 4 | 2 | 2 | 6 | 4 | 0 | |
| Equity Capital | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 |
| 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 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 |
| 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
- 1,466
- 1,056
- Operating Profit
- —
- OPM %
- —
- Other Income
- 49
- Interest
- 57
- Depreciation
- 109
- 294
- Tax %
- 28.35%
- Net Profit
- 236
- 2
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,433
- 1,078
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- 59
- Depreciation
- 111
- 232
- Tax %
- 31.13%
- Net Profit
- 179
- 1
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,964
- 1,231
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 53
- Depreciation
- 114
- 605
- Tax %
- 27.57%
- Net Profit
- 0
- 3
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,905
- 1,246
- Operating Profit
- —
- OPM %
- —
- Other Income
- 46
- Interest
- 52
- Depreciation
- 120
- 535
- Tax %
- 26.48%
- Net Profit
- 0
- 3
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,550
- 1,101
- Operating Profit
- —
- OPM %
- —
- Other Income
- 46
- Interest
- 50
- Depreciation
- 117
- 328
- Tax %
- 28.70%
- Net Profit
- 260
- 2
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,826
- 1,325
- Operating Profit
- —
- OPM %
- —
- Other Income
- 64
- Interest
- 52
- Depreciation
- 125
- 696
- Tax %
- 17.59%
- Net Profit
- 583
- 4
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 2,533
- 1,571
- Operating Profit
- —
- OPM %
- —
- Other Income
- 59
- Interest
- 52
- Depreciation
- 134
- 834
- Tax %
- 26.40%
- Net Profit
- 633
- 4
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,425
- 1,568
- Operating Profit
- —
- OPM %
- —
- Other Income
- 62
- Interest
- 54
- Depreciation
- 142
- 720
- Tax %
- 24.99%
- Net Profit
- 563
- 4
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2,041
- 1,465
- Operating Profit
- —
- OPM %
- —
- Other Income
- 61
- Interest
- 55
- Depreciation
- 143
- 440
- Tax %
- 27.37%
- Net Profit
- 329
- 2
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,041
- 1,471
- Operating Profit
- —
- OPM %
- —
- Other Income
- 83
- Interest
- 56
- Depreciation
- 145
- 453
- Tax %
- 30.16%
- Net Profit
- 318
- 2
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,842
- 1,766
- Operating Profit
- —
- OPM %
- —
- Other Income
- 58
- Interest
- 56
- Depreciation
- 150
- 1,203
- Tax %
- 22.36%
- Net Profit
- 954
- 6
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,765
- 1,793
- Operating Profit
- —
- OPM %
- —
- Other Income
- 79
- Interest
- 55
- Depreciation
- 167
- 830
- Tax %
- 24.66%
- Net Profit
- 645
- 4
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,339
- 1,886
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 57
- Depreciation
- 163
- 533
- Tax %
- 26.71%
- Net Profit
- 391
- 0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 673 | 742 | 917 | 1,100 | -197 | 560 | 1,943 | 2,340 | 3,000 | 3,477 | — |
| OPM % | 17 | 18 | 20 | 25 | -13 | 18 | 33 | 35 | 36 | 36 | — |
| Other Income | 63 | 71 | 87 | 132 | 165 | 155 | 139 | 183 | 230 | 282 | 301 |
| Interest | 332 | 279 | 194 | 341 | 403 | 428 | 236 | 220 | 208 | 221 | 224 |
| Depreciation | 299 | 301 | 328 | 404 | 410 | 406 | 416 | 454 | 518 | 605 | 625 |
| 31 | 184 | 402 | 396 | -850 | -258 | 1,295 | 1,666 | 2,578 | 2,926 | 3,019 | |
| Tax % | 372 | 66 | 39 | 11 | 18 | 14 | 25 | 28 | 24 | 25 | 25 |
| Net Profit | -83 | 63 | 245 | 351 | -694 | -222 | 971 | 1,202 | 1,961 | 2,195 | 2,267 |
| EPS | -1 | 1 | 2 | 3 | -6 | -2 | 7 | 9 | 13 | 15 | — |
| Dividend Payout % | -55 | 47 | 21 | 17 | -7 | -23 | 14 | 20 | 17 | 22 | — |
| Minority Interest | -18 | -3 | -9 | -9 | 76 | 17 | -50 | -71 | -130 | -163 | 26 |
| Share of Associates | 38 | 40 | 52 | 13 | -101 | -43 | 81 | 129 | 77 | 52 | 42 |
| Adjusted EPS | -1 | 1 | 2 | 3 | -6 | -2 | 7 | 9 | 13 | 15 | — |
| Minority Interest | -18 | -3 | -9 | -9 | 76 | 17 | -50 | -71 | -130 | -163 | 26 |
| Share of Associates | 38 | 40 | 52 | 13 | -101 | -43 | 81 | 129 | 77 | 52 | 42 |
| Adjusted EPS | -1 | 1 | 2 | 3 | -6 | -2 | 7 | 9 | 13 | 15 | — |
Mar 2017
- 4,021
- 3,411
- Operating Profit
- 673
- OPM %
- 17
- Other Income
- 63
- Interest
- 332
- Depreciation
- 299
- 31
- Tax %
- 372
- Net Profit
- -83
- EPS
- -1
- Dividend Payout %
- -55
- Minority Interest
- -18
- Share of Associates
- 38
- Adjusted EPS
- -1
- Minority Interest
- -18
- Share of Associates
- 38
- Adjusted EPS
- -1
Mar 2018
- 4,104
- 3,433
- Operating Profit
- 742
- OPM %
- 18
- Other Income
- 71
- Interest
- 279
- Depreciation
- 301
- 184
- Tax %
- 66
- Net Profit
- 63
- EPS
- 1
- Dividend Payout %
- 47
- Minority Interest
- -3
- Share of Associates
- 40
- Adjusted EPS
- 1
- Minority Interest
- -3
- Share of Associates
- 40
- Adjusted EPS
- 1
Mar 2019
- 4,512
- 3,682
- Operating Profit
- 917
- OPM %
- 20
- Other Income
- 87
- Interest
- 194
- Depreciation
- 328
- 402
- Tax %
- 39
- Net Profit
- 245
- EPS
- 2
- Dividend Payout %
- 21
- Minority Interest
- -9
- Share of Associates
- 52
- Adjusted EPS
- 2
- Minority Interest
- -9
- Share of Associates
- 52
- Adjusted EPS
- 2
Mar 2020
- 4,463
- 3,496
- Operating Profit
- 1,100
- OPM %
- 25
- Other Income
- 132
- Interest
- 341
- Depreciation
- 404
- 396
- Tax %
- 11
- Net Profit
- 351
- EPS
- 3
- Dividend Payout %
- 17
- Minority Interest
- -9
- Share of Associates
- 13
- Adjusted EPS
- 3
- Minority Interest
- -9
- Share of Associates
- 13
- Adjusted EPS
- 3
Mar 2021
- 1,575
- 1,937
- Operating Profit
- -197
- OPM %
- -13
- Other Income
- 165
- Interest
- 403
- Depreciation
- 410
- -850
- Tax %
- 18
- Net Profit
- -694
- EPS
- -6
- Dividend Payout %
- -7
- Minority Interest
- 76
- Share of Associates
- -101
- Adjusted EPS
- -6
- Minority Interest
- 76
- Share of Associates
- -101
- Adjusted EPS
- -6
Mar 2022
- 3,056
- 2,651
- Operating Profit
- 560
- OPM %
- 18
- Other Income
- 155
- Interest
- 428
- Depreciation
- 406
- -258
- Tax %
- 14
- Net Profit
- -222
- EPS
- -2
- Dividend Payout %
- -23
- Minority Interest
- 17
- Share of Associates
- -43
- Adjusted EPS
- -2
- Minority Interest
- 17
- Share of Associates
- -43
- Adjusted EPS
- -2
Mar 2023
- 5,810
- 4,005
- Operating Profit
- 1,943
- OPM %
- 33
- Other Income
- 139
- Interest
- 236
- Depreciation
- 416
- 1,295
- Tax %
- 25
- Net Profit
- 971
- EPS
- 7
- Dividend Payout %
- 14
- Minority Interest
- -50
- Share of Associates
- 81
- Adjusted EPS
- 7
- Minority Interest
- -50
- Share of Associates
- 81
- Adjusted EPS
- 7
Mar 2024
- 6,769
- 4,612
- Operating Profit
- 2,340
- OPM %
- 35
- Other Income
- 183
- Interest
- 220
- Depreciation
- 454
- 1,666
- Tax %
- 28
- Net Profit
- 1,202
- EPS
- 9
- Dividend Payout %
- 20
- Minority Interest
- -71
- Share of Associates
- 129
- Adjusted EPS
- 9
- Minority Interest
- -71
- Share of Associates
- 129
- Adjusted EPS
- 9
Mar 2025
- 8,335
- 5,565
- Operating Profit
- 3,000
- OPM %
- 36
- Other Income
- 230
- Interest
- 208
- Depreciation
- 518
- 2,578
- Tax %
- 24
- Net Profit
- 1,961
- EPS
- 13
- Dividend Payout %
- 17
- Minority Interest
- -130
- Share of Associates
- 77
- Adjusted EPS
- 13
- Minority Interest
- -130
- Share of Associates
- 77
- Adjusted EPS
- 13
Mar 2026
- 9,689
- 6,495
- Operating Profit
- 3,477
- OPM %
- 36
- Other Income
- 282
- Interest
- 221
- Depreciation
- 605
- 2,926
- Tax %
- 25
- Net Profit
- 2,195
- EPS
- 15
- Dividend Payout %
- 22
- Minority Interest
- -163
- Share of Associates
- 52
- Adjusted EPS
- 15
- Minority Interest
- -163
- Share of Associates
- 52
- Adjusted EPS
- 15
TTM
- 9,987
- 6,916
- Operating Profit
- —
- OPM %
- —
- Other Income
- 301
- Interest
- 224
- Depreciation
- 625
- 3,019
- Tax %
- 25
- Net Profit
- 2,267
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 26
- Share of Associates
- 42
- Adjusted EPS
- —
- Minority Interest
- 26
- Share of Associates
- 42
- Adjusted EPS
- —
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:
- 41%
- 3 Years:
- 25%
- 1 Year:
- -9%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 99 | 119 | 119 | 119 | 119 | 142 | 142 | 142 | 142 | 142 |
| 2,419 | 4,062 | 4,229 | 4,238 | 3,530 | 6,920 | 7,840 | 9,314 | 11,018 | 12,910 | |
| 593 | 98 | 638 | 476 | 1,409 | 597 | 33 | 0 | 0 | 0 | |
| Trade Payables | 293 | 340 | 325 | 389 | 318 | 387 | 477 | 519 | 578 | 720 |
| 5,195 | 4,695 | 4,203 | 6,219 | 6,019 | 4,885 | 5,019 | 4,757 | 5,877 | 6,449 | |
| Total Liabilities | 8,599 | 9,314 | 9,514 | 11,442 | 11,395 | 12,932 | 13,511 | 14,733 | 17,616 | 20,221 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 | 0 | 0 | 0 | 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 | 1,062 | 1,068 | 1,314 | 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 |
| Total Debt | 3,383 | 2,427 | 2,326 | 2,602 | 3,633 | 1,985 | 818 | 260 | 225 | 51 |
| Net Working Capital | -913 | -174 | -939 | -467 | -1,795 | 709 | 470 | 1,070 | 2,174 | 3,341 |
| Contingent Liabilities | 298 | 458 | 479 | 537 | 579 | 546 | 1,973 | 2,236 | 2,640 | 2,737 |
| Book Value per Share | 25.45 | 35.16 | 36.56 | 36.63 | 30.68 | 49.72 | 56.20 | 66.44 | 78.41 | 91.70 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 3,383 | 2,427 | 2,326 | 2,602 | 3,633 | 1,985 | 818 | 260 | 225 | 51 |
| Net Working Capital | -913 | -174 | -939 | -467 | -1,795 | 709 | 470 | 1,070 | 2,174 | 3,341 |
| Contingent Liabilities | 298 | 458 | 479 | 537 | 579 | 546 | 1,973 | 2,236 | 2,640 | 2,737 |
| Book Value per Share | 25.45 | 35.16 | 36.56 | 36.63 | 30.68 | 49.72 | 56.20 | 66.44 | 78.41 | 91.70 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 99
- 2,419
- 593
- Trade Payables
- 293
- 5,195
- Total Liabilities
- 8,599
- 5,815
- Capital Work in Progress
- 222
- 1,244
- 80
- 21
- Cash & Bank
- 247
- 969
- Total Assets
- 8,599
- Total Debt
- 3,383
- Net Working Capital
- -913
- Contingent Liabilities
- 298
- Book Value per Share
- 25.45
- Face Value
- 1.00
- Total Debt
- 3,383
- Net Working Capital
- -913
- Contingent Liabilities
- 298
- Book Value per Share
- 25.45
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 119
- 4,062
- 98
- Trade Payables
- 340
- 4,695
- Total Liabilities
- 9,314
- 6,163
- Capital Work in Progress
- 195
- 1,511
- 86
- 0
- Cash & Bank
- 270
- 1,089
- Total Assets
- 9,314
- Total Debt
- 2,427
- Net Working Capital
- -174
- Contingent Liabilities
- 458
- Book Value per Share
- 35.16
- Face Value
- 1.00
- Total Debt
- 2,427
- Net Working Capital
- -174
- Contingent Liabilities
- 458
- Book Value per Share
- 35.16
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 119
- 4,229
- 638
- Trade Payables
- 325
- 4,203
- Total Liabilities
- 9,514
- 6,422
- Capital Work in Progress
- 116
- 1,335
- 80
- 0
- Cash & Bank
- 241
- 1,320
- Total Assets
- 9,514
- Total Debt
- 2,326
- Net Working Capital
- -939
- Contingent Liabilities
- 479
- Book Value per Share
- 36.56
- Face Value
- 1.00
- Total Debt
- 2,326
- Net Working Capital
- -939
- Contingent Liabilities
- 479
- Book Value per Share
- 36.56
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 119
- 4,238
- 476
- Trade Payables
- 389
- 6,219
- Total Liabilities
- 11,442
- 8,059
- Capital Work in Progress
- 243
- 1,427
- 94
- 0
- Cash & Bank
- 316
- 1,304
- Total Assets
- 11,442
- Total Debt
- 2,602
- Net Working Capital
- -467
- Contingent Liabilities
- 537
- Book Value per Share
- 36.63
- Face Value
- 1.00
- Total Debt
- 2,602
- Net Working Capital
- -467
- Contingent Liabilities
- 537
- Book Value per Share
- 36.63
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 119
- 3,530
- 1,409
- Trade Payables
- 318
- 6,019
- Total Liabilities
- 11,395
- 8,438
- Capital Work in Progress
- 165
- 1,483
- 93
- 0
- Cash & Bank
- 154
- 1,062
- Total Assets
- 11,395
- Total Debt
- 3,633
- Net Working Capital
- -1,795
- Contingent Liabilities
- 579
- Book Value per Share
- 30.68
- Face Value
- 1.00
- Total Debt
- 3,633
- Net Working Capital
- -1,795
- Contingent Liabilities
- 579
- Book Value per Share
- 30.68
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 142
- 6,920
- 597
- Trade Payables
- 387
- 4,885
- Total Liabilities
- 12,932
- 8,415
- Capital Work in Progress
- 193
- 1,967
- 101
- 0
- Cash & Bank
- 1,188
- 1,068
- Total Assets
- 12,932
- Total Debt
- 1,985
- Net Working Capital
- 709
- Contingent Liabilities
- 546
- Book Value per Share
- 49.72
- Face Value
- 1.00
- Total Debt
- 1,985
- Net Working Capital
- 709
- Contingent Liabilities
- 546
- Book Value per Share
- 49.72
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 142
- 7,840
- 33
- Trade Payables
- 477
- 5,019
- Total Liabilities
- 13,511
- 8,819
- Capital Work in Progress
- 324
- 1,891
- 109
- 0
- Cash & Bank
- 1,053
- 1,314
- Total Assets
- 13,511
- Total Debt
- 818
- Net Working Capital
- 470
- Contingent Liabilities
- 1,973
- Book Value per Share
- 56.20
- Face Value
- 1.00
- Total Debt
- 818
- Net Working Capital
- 470
- Contingent Liabilities
- 1,973
- Book Value per Share
- 56.20
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 142
- 9,314
- 0
- Trade Payables
- 519
- 4,757
- Total Liabilities
- 14,733
- 9,311
- Capital Work in Progress
- 231
- 2,261
- 116
- 476
- Cash & Bank
- 1,486
- 851
- Total Assets
- 14,733
- Total Debt
- 260
- Net Working Capital
- 1,070
- Contingent Liabilities
- 2,236
- Book Value per Share
- 66.44
- Face Value
- 1.00
- Total Debt
- 260
- Net Working Capital
- 1,070
- Contingent Liabilities
- 2,236
- Book Value per Share
- 66.44
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 142
- 11,018
- 0
- Trade Payables
- 578
- 5,877
- Total Liabilities
- 17,616
- 10,918
- Capital Work in Progress
- 576
- 2,279
- 135
- 651
- Cash & Bank
- 2,182
- 875
- Total Assets
- 17,616
- Total Debt
- 225
- Net Working Capital
- 2,174
- Contingent Liabilities
- 2,640
- Book Value per Share
- 78.41
- Face Value
- 1.00
- Total Debt
- 225
- Net Working Capital
- 2,174
- Contingent Liabilities
- 2,640
- Book Value per Share
- 78.41
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 142
- 12,910
- 0
- Trade Payables
- 720
- 6,449
- Total Liabilities
- 20,221
- 12,210
- Capital Work in Progress
- 764
- 3,606
- 150
- 727
- Cash & Bank
- 1,831
- 932
- Total Assets
- 20,221
- Total Debt
- 51
- Net Working Capital
- 3,341
- Contingent Liabilities
- 2,737
- Book Value per Share
- 91.70
- Face Value
- 1.00
- Total Debt
- 51
- Net Working Capital
- 3,341
- Contingent Liabilities
- 2,737
- Book Value per Share
- 91.70
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 535 | 492 | 711 | 823 | -319 | 672 | 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 | |
| Free Cash Flow | 535 | -114 | 208 | -1,348 | -1,117 | 259 | 683 | 1,090 | -432 | 251 |
| OCF / Net Profit | -6.43 | 7.78 | 2.91 | 2.35 | 0.46 | -3.02 | 1.67 | 1.61 | 1.12 | 1.13 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -1,838 | -2,113 | -1,315 | -434 | 482 | 1,851 |
| OCF / Net Profit | -6.43 | 7.78 | 2.91 | 2.35 | 0.46 | -3.02 | 1.67 | 1.61 | 1.12 | 1.13 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -1,838 | -2,113 | -1,315 | -434 | 482 | 1,851 |
Mar 2017
- 535
- Cash from Investing
- 855
- Cash from Financing
- -1,381
- 8
- Free Cash Flow
- 535
- OCF / Net Profit
- -6.43
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -6.43
- Cumulative 5-Year FCF
- 0
Mar 2018
- 492
- Cash from Investing
- -529
- Cash from Financing
- 96
- 59
- Free Cash Flow
- -114
- OCF / Net Profit
- 7.78
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.78
- Cumulative 5-Year FCF
- 0
Mar 2019
- 711
- Cash from Investing
- -388
- Cash from Financing
- -343
- -20
- Free Cash Flow
- 208
- OCF / Net Profit
- 2.91
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.91
- Cumulative 5-Year FCF
- 0
Mar 2020
- 823
- Cash from Investing
- -502
- Cash from Financing
- -265
- 56
- Free Cash Flow
- -1,348
- OCF / Net Profit
- 2.35
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.35
- Cumulative 5-Year FCF
- 0
Mar 2021
- -319
- Cash from Investing
- -120
- Cash from Financing
- 280
- -158
- Free Cash Flow
- -1,117
- OCF / Net Profit
- 0.46
- Cumulative 5-Year FCF
- -1,838
- OCF / Net Profit
- 0.46
- Cumulative 5-Year FCF
- -1,838
Mar 2022
- 672
- Cash from Investing
- -1,642
- Cash from Financing
- 1,659
- 688
- Free Cash Flow
- 259
- OCF / Net Profit
- -3.02
- Cumulative 5-Year FCF
- -2,113
- OCF / Net Profit
- -3.02
- Cumulative 5-Year FCF
- -2,113
Mar 2023
- 1,619
- Cash from Investing
- -145
- Cash from Financing
- -1,528
- -53
- Free Cash Flow
- 683
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- -1,315
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- -1,315
Mar 2024
- 1,935
- Cash from Investing
- -1,210
- Cash from Financing
- -985
- -260
- Free Cash Flow
- 1,090
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- -434
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- -434
Mar 2025
- 2,194
- Cash from Investing
- -1,892
- Cash from Financing
- -547
- -245
- Free Cash Flow
- -432
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 482
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 482
Mar 2026
- 2,471
- Cash from Investing
- -1,727
- Cash from Financing
- -976
- -232
- Free Cash Flow
- 251
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 1,851
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 1,851
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -0.64 | 0.85 | 2.41 | 2.98 | -6.05 | -1.74 | 7.06 | 8.85 | 13.40 | 14.64 |
| Book Value (₹) | 25.45 | 35.16 | 36.56 | 36.63 | 30.68 | 49.72 | 56.20 | 66.44 | 78.41 | 91.70 |
| Dividend per Share (₹) | 0.35 | 0.40 | 0.50 | 0.50 | 0.40 | 0.40 | 1.00 | 1.75 | 2.25 | 3.25 |
| Cash EPS (₹) | 1.98 | 2.97 | 4.67 | 6.15 | -2.32 | 1.29 | 9.77 | 11.63 | 17.42 | 19.67 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 16.73% | 18.07% | 20.32% | 24.65% | -12.51% | 18.32% | 33.45% | 31.87% | 33.23% | 32.97% |
| Net Margin % | -2.07% | 1.54% | 5.42% | 7.86% | -44.07% | -7.28% | 16.72% | 17.75% | 23.53% | 22.66% |
| ROE % | -3.26% | 1.89% | 5.74% | 8.06% | -17.34% | -4.15% | 12.91% | 13.78% | 19.03% | 18.13% |
| ROCE % | 5.57% | 7.40% | 8.97% | 10.81% | -6.27% | 2.08% | 17.15% | 20.37% | 26.41% | 25.70% |
| -0.90% | 0.71% | 2.60% | 3.35% | -6.08% | -1.83% | 7.35% | 8.51% | 12.13% | 11.60% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 23 | 27 | 26 | 25 | 59 | 28 | 22 | 25 | 25 | 26 |
| Inventory Days | 7 | 7 | 7 | 7 | 22 | 12 | 7 | 6 | 6 | 5 |
| Payable Days | 291 | 307 | 300 | 352 | 897 | 500 | 333 | 349 | 259 | 249 |
| -260 | -273 | -267 | -320 | -817 | -460 | -305 | -318 | -229 | -218 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.34x | 0.58x | 0.54x | 0.60x | 1.00x | 0.28x | 0.10x | 0.03x | 0.02x | 0.00x |
| Interest Coverage (x) | 1.09x | 1.66x | 3.07x | 2.16x | -1.11x | 0.40x | 6.48x | 8.56x | 13.37x | 14.22x |
| 0.50x | 0.88x | 0.55x | 0.75x | 0.39x | 1.36x | 1.22x | 1.54x | 2.09x | 2.49x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -0.06% | 2.06% | 9.95% | -1.08% | -64.71% | 94.03% | 90.10% | 16.50% | 23.13% | 16.25% |
| Operating Profit Growth % | 3.16% | 10.27% | 23.61% | 19.99% | -117.91% | 384.16% | 247.10% | 20.41% | 28.19% | 15.90% |
| Net Profit Growth % | 54.26% | 176.03% | 286.83% | 43.41% | -297.91% | 67.96% | 536.79% | 23.69% | 63.22% | 11.93% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 25.32% | 51.51% | 9.27% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 66.85x | 58.70x | 38.98x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.90x | 10.03x | 6.22x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.30% | 0.29% | 0.57% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 35.45x | 36.67x | 22.85x |
Mar 2017
- EPS (₹)
- -0.64
- Book Value (₹)
- 25.45
- Dividend per Share (₹)
- 0.35
- Cash EPS (₹)
- 1.98
- Operating Margin %
- 16.73%
- Net Margin %
- -2.07%
- ROE %
- -3.26%
- ROCE %
- 5.57%
- -0.90%
- Debtor Days
- 23
- Inventory Days
- 7
- Payable Days
- 291
- -260
- Debt to Equity (x)
- 1.34x
- Interest Coverage (x)
- 1.09x
- 0.50x
- Revenue Growth %
- -0.06%
- Operating Profit Growth %
- 3.16%
- Net Profit Growth %
- 54.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.85
- Book Value (₹)
- 35.16
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 2.97
- Operating Margin %
- 18.07%
- Net Margin %
- 1.54%
- ROE %
- 1.89%
- ROCE %
- 7.40%
- 0.71%
- Debtor Days
- 27
- Inventory Days
- 7
- Payable Days
- 307
- -273
- Debt to Equity (x)
- 0.58x
- Interest Coverage (x)
- 1.66x
- 0.88x
- Revenue Growth %
- 2.06%
- Operating Profit Growth %
- 10.27%
- Net Profit Growth %
- 176.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 2.41
- Book Value (₹)
- 36.56
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 4.67
- Operating Margin %
- 20.32%
- Net Margin %
- 5.42%
- ROE %
- 5.74%
- ROCE %
- 8.97%
- 2.60%
- Debtor Days
- 26
- Inventory Days
- 7
- Payable Days
- 300
- -267
- Debt to Equity (x)
- 0.54x
- Interest Coverage (x)
- 3.07x
- 0.55x
- Revenue Growth %
- 9.95%
- Operating Profit Growth %
- 23.61%
- Net Profit Growth %
- 286.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 2.98
- Book Value (₹)
- 36.63
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 6.15
- Operating Margin %
- 24.65%
- Net Margin %
- 7.86%
- ROE %
- 8.06%
- ROCE %
- 10.81%
- 3.35%
- Debtor Days
- 25
- Inventory Days
- 7
- Payable Days
- 352
- -320
- Debt to Equity (x)
- 0.60x
- Interest Coverage (x)
- 2.16x
- 0.75x
- Revenue Growth %
- -1.08%
- Operating Profit Growth %
- 19.99%
- Net Profit Growth %
- 43.41%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -6.05
- Book Value (₹)
- 30.68
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- -2.32
- Operating Margin %
- -12.51%
- Net Margin %
- -44.07%
- ROE %
- -17.34%
- ROCE %
- -6.27%
- -6.08%
- Debtor Days
- 59
- Inventory Days
- 22
- Payable Days
- 897
- -817
- Debt to Equity (x)
- 1.00x
- Interest Coverage (x)
- -1.11x
- 0.39x
- Revenue Growth %
- -64.71%
- Operating Profit Growth %
- -117.91%
- Net Profit Growth %
- -297.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -1.74
- Book Value (₹)
- 49.72
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 1.29
- Operating Margin %
- 18.32%
- Net Margin %
- -7.28%
- ROE %
- -4.15%
- ROCE %
- 2.08%
- -1.83%
- Debtor Days
- 28
- Inventory Days
- 12
- Payable Days
- 500
- -460
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 0.40x
- 1.36x
- Revenue Growth %
- 94.03%
- Operating Profit Growth %
- 384.16%
- Net Profit Growth %
- 67.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 7.06
- Book Value (₹)
- 56.20
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 9.77
- Operating Margin %
- 33.45%
- Net Margin %
- 16.72%
- ROE %
- 12.91%
- ROCE %
- 17.15%
- 7.35%
- Debtor Days
- 22
- Inventory Days
- 7
- Payable Days
- 333
- -305
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 6.48x
- 1.22x
- Revenue Growth %
- 90.10%
- Operating Profit Growth %
- 247.10%
- Net Profit Growth %
- 536.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 8.85
- Book Value (₹)
- 66.44
- Dividend per Share (₹)
- 1.75
- Cash EPS (₹)
- 11.63
- Operating Margin %
- 31.87%
- Net Margin %
- 17.75%
- ROE %
- 13.78%
- ROCE %
- 20.37%
- 8.51%
- Debtor Days
- 25
- Inventory Days
- 6
- Payable Days
- 349
- -318
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 8.56x
- 1.54x
- Revenue Growth %
- 16.50%
- Operating Profit Growth %
- 20.41%
- Net Profit Growth %
- 23.69%
- 25.32%
- P/E (x)
- 66.85x
- P/B (x)
- 8.90x
- Dividend Yield %
- 0.30%
- 35.45x
Mar 2025
- EPS (₹)
- 13.40
- Book Value (₹)
- 78.41
- Dividend per Share (₹)
- 2.25
- Cash EPS (₹)
- 17.42
- Operating Margin %
- 33.23%
- Net Margin %
- 23.53%
- ROE %
- 19.03%
- ROCE %
- 26.41%
- 12.13%
- Debtor Days
- 25
- Inventory Days
- 6
- Payable Days
- 259
- -229
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 13.37x
- 2.09x
- Revenue Growth %
- 23.13%
- Operating Profit Growth %
- 28.19%
- Net Profit Growth %
- 63.22%
- 51.51%
- P/E (x)
- 58.70x
- P/B (x)
- 10.03x
- Dividend Yield %
- 0.29%
- 36.67x
Mar 2026
- EPS (₹)
- 14.64
- Book Value (₹)
- 91.70
- Dividend per Share (₹)
- 3.25
- Cash EPS (₹)
- 19.67
- Operating Margin %
- 32.97%
- Net Margin %
- 22.66%
- ROE %
- 18.13%
- ROCE %
- 25.70%
- 11.60%
- Debtor Days
- 26
- Inventory Days
- 5
- Payable Days
- 249
- -218
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 14.22x
- 2.49x
- Revenue Growth %
- 16.25%
- Operating Profit Growth %
- 15.90%
- Net Profit Growth %
- 11.93%
- 9.27%
- P/E (x)
- 38.98x
- P/B (x)
- 6.22x
- Dividend Yield %
- 0.57%
- 22.85x
Documents
Announcements
- 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
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-05 - The Indian Hotels Company Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
- Credit Rating- Revision
2026-02-20 - The Indian Hotels Company Limited has informed the Exchange about Credit Rating- Revision
Concalls
Jul 2026
May 2026
Feb 2026