The Indian Hotels Company Ltd.
•₹ 730-0.79%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2023 • Room Revenue: 43.0% • Food & Beverages & Banquets: 37.3% • Management fee: 10.5% • Contract Revenue: 4.4% • Membership fee: 4.0% • Others: 0.7%
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
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.05x)
- Stock looks reasonably valued - P/E of 40.4 is below its historical median
- Company generates healthy free cash flow
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
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 | 734.00 | 48.69 | 104479.93 | 0.44 | 390.81 | 18.67 | 2339.19 | 14.61 | 25.70 | 28.75 |
| 2. | ITCHOTELS | 166.40 | 40.12 | 34661.22 | 0.60 | 181.91 | 36.05 | 936.02 | 15.71 | 10.54 | 31.62 |
| 3. | EIHOTEL | 300.40 | 26.40 | 18785.94 | 0.50 | 120.31 | 226.22 | 656.96 | 14.54 | 19.68 | 26.02 |
| 4. | CHALET | 854.25 | 35.42 | 18707.57 | 0.23 | 86.12 | -57.60 | 512.27 | -42.73 | 11.41 | 45.68 |
| 5. | THELEELA | 539.90 | 40.69 | 18030.39 | 0.00 | 48.76 | 460.27 | 351.96 | 28.08 | 8.97 | 36.30 |
| 6. | VENTIVE | 576.45 | 28.08 | 13462.51 | 0.00 | 124.18 | 227.44 | 542.80 | 6.97 | 13.15 | 35.30 |
| 7. | LEMONTREE | 108.00 | 36.44 | 8556.26 | 0.00 | 57.34 | 19.21 | 344.61 | 9.13 | 17.75 | 43.36 |
| 8. | ITDC | 687.35 | 71.59 | 5895.36 | 0.43 | 9.39 | -3.63 | 90.10 | 2.68 | 29.74 | 9.25 |
| 9. | JUNIPER | 205.20 | 27.53 | 4565.75 | 0.00 | 33.26 | 269.47 | 249.53 | 13.04 | 7.85 | 34.56 |
| 10. | MHRIL | 220.40 | 84.06 | 4453.32 | 0.00 | -8.56 | -219.39 | 732.81 | 4.48 | 42.30 | 15.36 |
| 11. | SAMHI | 160.35 | 7.08 | 3565.54 | 0.00 | 24.93 | 29.72 | 305.21 | 12.12 | 12.38 | 32.18 |
| 12. | PARKHOTELS | 116.35 | 38.94 | 2482.61 | 0.64 | 11.49 | -14.38 | 166.78 | 8.12 | 12.73 | 28.10 |
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 45 | 56 | 43 | 42 | 40 | 90 | 43 | 55 | 55 | 105 | 40 | 60 | 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 |
| 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 | 1 | 3 | 3 | 1 | 2 | 3 | 3 | 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
- 890
- 596
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 30
- Depreciation
- 54
- 254
- Tax %
- 26.00%
- Net Profit
- 188
- 1
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 893
- 619
- Operating Profit
- —
- OPM %
- —
- Other Income
- 56
- Interest
- 31
- Depreciation
- 55
- 212
- Tax %
- 25.82%
- Net Profit
- 157
- 1
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,281
- 722
- Operating Profit
- —
- OPM %
- —
- Other Income
- 43
- Interest
- 28
- Depreciation
- 59
- 515
- Tax %
- 26.07%
- Net Profit
- 380
- 3
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,342
- 756
- Operating Profit
- —
- OPM %
- —
- Other Income
- 42
- Interest
- 26
- Depreciation
- 60
- 502
- Tax %
- 26.44%
- Net Profit
- 369
- 3
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 931
- 604
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 25
- Depreciation
- 60
- 282
- Tax %
- 26.00%
- Net Profit
- 209
- 1
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,035
- 691
- Operating Profit
- —
- OPM %
- —
- Other Income
- 90
- Interest
- 25
- Depreciation
- 62
- 344
- Tax %
- 26.00%
- Net Profit
- 254
- 2
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,474
- 792
- Operating Profit
- —
- OPM %
- —
- Other Income
- 43
- Interest
- 25
- Depreciation
- 66
- 633
- Tax %
- 26.00%
- Net Profit
- 469
- 3
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,476
- 798
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 24
- Depreciation
- 68
- 628
- Tax %
- 23.32%
- Net Profit
- 481
- 3
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,045
- 682
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 25
- Depreciation
- 67
- 326
- Tax %
- 24.97%
- Net Profit
- 245
- 2
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,060
- 690
- Operating Profit
- —
- OPM %
- —
- Other Income
- 105
- Interest
- 25
- Depreciation
- 67
- 384
- Tax %
- 24.66%
- Net Profit
- 289
- 2
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,614
- 856
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 25
- Depreciation
- 69
- 1,137
- Tax %
- 19.02%
- Net Profit
- 921
- 6
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,661
- 868
- Operating Profit
- —
- OPM %
- —
- Other Income
- 60
- Interest
- 25
- Depreciation
- 75
- 741
- Tax %
- 24.75%
- Net Profit
- 558
- 4
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,232
- 850
- Operating Profit
- —
- OPM %
- —
- Other Income
- 66
- Interest
- 25
- Depreciation
- 70
- 448
- Tax %
- 24.66%
- Net Profit
- 337
- 0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 578 | 684 | 820 | 895 | 14 | 537 | 1,497 | 1,897 | 2,261 | 2,543 | — |
| OPM % | 24 | 26 | 29 | 33 | 1 | 27 | 40 | 43 | 46 | 47 | — |
| Other Income | 58 | 55 | 90 | 134 | 111 | 149 | 110 | 185 | 229 | 261 | 272 |
| Interest | 198 | 193 | 159 | 238 | 295 | 304 | 128 | 115 | 100 | 100 | 100 |
| Depreciation | 151 | 151 | 169 | 204 | 204 | 203 | 208 | 228 | 257 | 278 | 281 |
| 262 | 284 | 418 | 438 | -640 | -27 | 1,139 | 1,483 | 1,887 | 2,588 | 2,709 | |
| Tax % | 45 | 48 | 37 | 8 | 18 | -27 | 26 | 26 | 25 | 22 | 22 |
| Net Profit | 143 | 148 | 264 | 401 | -525 | -34 | 843 | 1,095 | 1,413 | 2,012 | 2,105 |
| EPS | 1 | 1 | 2 | 3 | -4 | -0 | 6 | 8 | 10 | 14 | — |
| Dividend Payout % | 24 | 32 | 23 | 15 | -9 | -165 | 17 | 23 | 23 | 23 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 1 | 2 | 3 | -4 | -0 | 6 | 8 | 10 | 14 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 1 | 2 | 3 | -4 | -0 | 6 | 8 | 10 | 14 | — |
Mar 2017
- 2,402
- 1,882
- Operating Profit
- 578
- OPM %
- 24
- Other Income
- 58
- Interest
- 198
- Depreciation
- 151
- 262
- Tax %
- 45
- Net Profit
- 143
- EPS
- 1
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 2,584
- 1,955
- Operating Profit
- 684
- OPM %
- 26
- Other Income
- 55
- Interest
- 193
- Depreciation
- 151
- 284
- Tax %
- 48
- Net Profit
- 148
- EPS
- 1
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 2,780
- 2,051
- Operating Profit
- 820
- OPM %
- 29
- Other Income
- 90
- Interest
- 159
- Depreciation
- 169
- 418
- Tax %
- 37
- Net Profit
- 264
- EPS
- 2
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 2,743
- 1,982
- Operating Profit
- 895
- OPM %
- 33
- Other Income
- 134
- Interest
- 238
- Depreciation
- 204
- 438
- Tax %
- 8
- Net Profit
- 401
- EPS
- 3
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2021
- 1,133
- 1,230
- Operating Profit
- 14
- OPM %
- 1
- Other Income
- 111
- Interest
- 295
- Depreciation
- 204
- -640
- Tax %
- 18
- Net Profit
- -525
- EPS
- -4
- Dividend Payout %
- -9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2022
- 2,003
- 1,615
- Operating Profit
- 537
- OPM %
- 27
- Other Income
- 149
- Interest
- 304
- Depreciation
- 203
- -27
- Tax %
- -27
- Net Profit
- -34
- EPS
- -0
- Dividend Payout %
- -165
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2023
- 3,704
- 2,317
- Operating Profit
- 1,497
- OPM %
- 40
- Other Income
- 110
- Interest
- 128
- Depreciation
- 208
- 1,139
- Tax %
- 26
- Net Profit
- 843
- EPS
- 6
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2024
- 4,406
- 2,693
- Operating Profit
- 1,897
- OPM %
- 43
- Other Income
- 185
- Interest
- 115
- Depreciation
- 228
- 1,483
- Tax %
- 26
- Net Profit
- 1,095
- EPS
- 8
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 4,917
- 2,885
- Operating Profit
- 2,261
- OPM %
- 46
- Other Income
- 229
- Interest
- 100
- Depreciation
- 257
- 1,887
- Tax %
- 25
- Net Profit
- 1,413
- EPS
- 10
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2026
- 5,380
- 3,097
- Operating Profit
- 2,543
- OPM %
- 47
- Other Income
- 261
- Interest
- 100
- Depreciation
- 278
- 2,588
- Tax %
- 22
- Net Profit
- 2,012
- EPS
- 14
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
TTM
- 5,567
- 3,265
- Operating Profit
- —
- OPM %
- —
- Other Income
- 272
- Interest
- 100
- Depreciation
- 281
- 2,709
- Tax %
- 22
- Net Profit
- 2,105
- 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:
- 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:
- 40%
- 3 Years:
- 23%
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | |
| 7 | 0 | 6 | 35 | 653 | 495 | 1 | 0 | 0 | 0 | |
| Trade Payables | 177 | 208 | 190 | 255 | 203 | 240 | 312 | 357 | 314 | 425 |
| 3,285 | 3,102 | 3,200 | 4,033 | 4,082 | 2,297 | 2,628 | 2,276 | 2,339 | 2,424 | |
| Total Liabilities | 6,237 | 7,704 | 7,881 | 8,907 | 9,147 | 11,132 | 11,780 | 12,777 | 13,909 | 15,616 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 | 0 | 0 | 0 | 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 | 1,234 | 933 | 1,083 | 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 |
| Total Debt | 2,049 | 1,784 | 1,784 | 1,943 | 2,587 | 943 | 450 | 0 | 0 | 0 |
| Net Working Capital | -813 | 13 | -670 | -87 | -882 | 892 | 440 | 1,014 | 1,662 | 2,652 |
| Contingent Liabilities | 613 | 778 | 692 | 846 | 894 | 1,469 | 454 | 566 | 525 | 515 |
| Book Value per Share | 27.97 | 36.95 | 37.70 | 38.54 | 35.39 | 57.02 | 62.23 | 71.27 | 79.08 | 89.69 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 2,049 | 1,784 | 1,784 | 1,943 | 2,587 | 943 | 450 | 0 | 0 | 0 |
| Net Working Capital | -813 | 13 | -670 | -87 | -882 | 892 | 440 | 1,014 | 1,662 | 2,652 |
| Contingent Liabilities | 613 | 778 | 692 | 846 | 894 | 1,469 | 454 | 566 | 525 | 515 |
| Book Value per Share | 27.97 | 36.95 | 37.70 | 38.54 | 35.39 | 57.02 | 62.23 | 71.27 | 79.08 | 89.69 |
| 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
- 2,668
- 7
- Trade Payables
- 177
- 3,285
- Total Liabilities
- 6,237
- 2,188
- Capital Work in Progress
- 108
- 3,029
- 48
- 0
- Cash & Bank
- 23
- 842
- Total Assets
- 6,237
- Total Debt
- 2,049
- Net Working Capital
- -813
- Contingent Liabilities
- 613
- Book Value per Share
- 27.97
- Face Value
- 1.00
- Total Debt
- 2,049
- Net Working Capital
- -813
- Contingent Liabilities
- 613
- Book Value per Share
- 27.97
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 119
- 4,275
- 0
- Trade Payables
- 208
- 3,102
- Total Liabilities
- 7,704
- 2,398
- Capital Work in Progress
- 63
- 4,161
- 51
- 0
- Cash & Bank
- 129
- 900
- Total Assets
- 7,704
- Total Debt
- 1,784
- Net Working Capital
- 13
- Contingent Liabilities
- 778
- Book Value per Share
- 36.95
- Face Value
- 1.00
- Total Debt
- 1,784
- Net Working Capital
- 13
- Contingent Liabilities
- 778
- Book Value per Share
- 36.95
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 119
- 4,365
- 6
- Trade Payables
- 190
- 3,200
- Total Liabilities
- 7,881
- 2,486
- Capital Work in Progress
- 34
- 4,113
- 51
- 0
- Cash & Bank
- 96
- 1,101
- Total Assets
- 7,881
- Total Debt
- 1,784
- Net Working Capital
- -670
- Contingent Liabilities
- 692
- Book Value per Share
- 37.70
- Face Value
- 1.00
- Total Debt
- 1,784
- Net Working Capital
- -670
- Contingent Liabilities
- 692
- Book Value per Share
- 37.70
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 119
- 4,465
- 35
- Trade Payables
- 255
- 4,033
- Total Liabilities
- 8,907
- 3,311
- Capital Work in Progress
- 137
- 4,152
- 59
- 0
- Cash & Bank
- 148
- 1,100
- Total Assets
- 8,907
- Total Debt
- 1,943
- Net Working Capital
- -87
- Contingent Liabilities
- 846
- Book Value per Share
- 38.54
- Face Value
- 1.00
- Total Debt
- 1,943
- Net Working Capital
- -87
- Contingent Liabilities
- 846
- Book Value per Share
- 38.54
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 119
- 4,089
- 653
- Trade Payables
- 203
- 4,082
- Total Liabilities
- 9,147
- 3,360
- Capital Work in Progress
- 52
- 4,410
- 52
- 0
- Cash & Bank
- 40
- 1,234
- Total Assets
- 9,147
- Total Debt
- 2,587
- Net Working Capital
- -882
- Contingent Liabilities
- 894
- Book Value per Share
- 35.39
- Face Value
- 1.00
- Total Debt
- 2,587
- Net Working Capital
- -882
- Contingent Liabilities
- 894
- Book Value per Share
- 35.39
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 142
- 7,958
- 495
- Trade Payables
- 240
- 2,297
- Total Liabilities
- 11,132
- 3,252
- Capital Work in Progress
- 111
- 5,774
- 56
- 0
- Cash & Bank
- 1,006
- 933
- Total Assets
- 11,132
- Total Debt
- 943
- Net Working Capital
- 892
- Contingent Liabilities
- 1,469
- Book Value per Share
- 57.02
- Face Value
- 1.00
- Total Debt
- 943
- Net Working Capital
- 892
- Contingent Liabilities
- 1,469
- Book Value per Share
- 57.02
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 142
- 8,697
- 1
- Trade Payables
- 312
- 2,628
- Total Liabilities
- 11,780
- 3,351
- Capital Work in Progress
- 234
- 6,281
- 67
- 0
- Cash & Bank
- 764
- 1,083
- Total Assets
- 11,780
- Total Debt
- 450
- Net Working Capital
- 440
- Contingent Liabilities
- 454
- Book Value per Share
- 62.23
- Face Value
- 1.00
- Total Debt
- 450
- Net Working Capital
- 440
- Contingent Liabilities
- 454
- Book Value per Share
- 62.23
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 142
- 10,002
- 0
- Trade Payables
- 357
- 2,276
- Total Liabilities
- 12,777
- 3,756
- Capital Work in Progress
- 34
- 6,850
- 74
- 403
- Cash & Bank
- 1,020
- 641
- Total Assets
- 12,777
- Total Debt
- 0
- Net Working Capital
- 1,014
- Contingent Liabilities
- 566
- Book Value per Share
- 71.27
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 1,014
- Contingent Liabilities
- 566
- Book Value per Share
- 71.27
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 142
- 11,114
- 0
- Trade Payables
- 314
- 2,339
- Total Liabilities
- 13,909
- 3,922
- Capital Work in Progress
- 52
- 6,909
- 88
- 451
- Cash & Bank
- 1,734
- 754
- Total Assets
- 13,909
- Total Debt
- 0
- Net Working Capital
- 1,662
- Contingent Liabilities
- 525
- Book Value per Share
- 79.08
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 1,662
- Contingent Liabilities
- 525
- Book Value per Share
- 79.08
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 142
- 12,625
- 0
- Trade Payables
- 425
- 2,424
- Total Liabilities
- 15,616
- 4,060
- Capital Work in Progress
- 63
- 8,897
- 94
- 514
- Cash & Bank
- 1,340
- 649
- Total Assets
- 15,616
- Total Debt
- 0
- Net Working Capital
- 2,652
- Contingent Liabilities
- 515
- Book Value per Share
- 89.69
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 2,652
- Contingent Liabilities
- 515
- Book Value per Share
- 89.69
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 458 | 481 | 547 | 611 | -53 | 693 | 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 | |
| Free Cash Flow | 216 | 168 | 325 | -514 | -216 | 549 | 818 | 1,112 | 1,098 | 1,311 |
| OCF / Net Profit | 3.20 | 3.26 | 2.07 | 1.52 | 0.10 | -20.13 | 1.46 | 1.40 | 1.07 | 0.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -21 | 311 | 961 | 1,748 | 3,361 | 4,888 |
| OCF / Net Profit | 3.20 | 3.26 | 2.07 | 1.52 | 0.10 | -20.13 | 1.46 | 1.40 | 1.07 | 0.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -21 | 311 | 961 | 1,748 | 3,361 | 4,888 |
Mar 2017
- 458
- Cash from Investing
- -96
- Cash from Financing
- -369
- -6
- Free Cash Flow
- 216
- OCF / Net Profit
- 3.20
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.20
- Cumulative 5-Year FCF
- 0
Mar 2018
- 481
- Cash from Investing
- -1,388
- Cash from Financing
- 1,013
- 106
- Free Cash Flow
- 168
- OCF / Net Profit
- 3.26
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.26
- Cumulative 5-Year FCF
- 0
Mar 2019
- 547
- Cash from Investing
- -372
- Cash from Financing
- -207
- -32
- Free Cash Flow
- 325
- OCF / Net Profit
- 2.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.07
- Cumulative 5-Year FCF
- 0
Mar 2020
- 611
- Cash from Investing
- -333
- Cash from Financing
- -235
- 43
- Free Cash Flow
- -514
- OCF / Net Profit
- 1.52
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.52
- Cumulative 5-Year FCF
- 0
Mar 2021
- -53
- Cash from Investing
- -384
- Cash from Financing
- 339
- -98
- Free Cash Flow
- -216
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- -21
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- -21
Mar 2022
- 693
- Cash from Investing
- -1,890
- Cash from Financing
- 1,804
- 607
- Free Cash Flow
- 549
- OCF / Net Profit
- -20.13
- Cumulative 5-Year FCF
- 311
- OCF / Net Profit
- -20.13
- Cumulative 5-Year FCF
- 311
Mar 2023
- 1,227
- Cash from Investing
- -647
- Cash from Financing
- -701
- -120
- Free Cash Flow
- 818
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- 961
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- 961
Mar 2024
- 1,528
- Cash from Investing
- -1,203
- Cash from Financing
- -740
- -416
- Free Cash Flow
- 1,112
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 1,748
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 1,748
Mar 2025
- 1,517
- Cash from Investing
- -1,220
- Cash from Financing
- -361
- -63
- Free Cash Flow
- 1,098
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 3,361
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 3,361
Mar 2026
- 1,714
- Cash from Investing
- -1,236
- Cash from Financing
- -440
- 39
- Free Cash Flow
- 1,311
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 4,888
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 4,888
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.45 | 1.24 | 2.22 | 3.38 | -4.41 | -0.24 | 5.94 | 7.69 | 9.93 | 14.13 |
| Book Value (₹) | 27.97 | 36.95 | 37.70 | 38.54 | 35.39 | 57.02 | 62.23 | 71.27 | 79.08 | 89.69 |
| 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 (₹) | 2.70 | 2.44 | 3.53 | 4.93 | -2.62 | 1.19 | 7.40 | 9.30 | 11.74 | 16.08 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 24.07% | 26.48% | 29.49% | 32.64% | 1.20% | 26.82% | 40.41% | 38.86% | 41.33% | 42.43% |
| Net Margin % | 5.96% | 5.72% | 9.48% | 14.63% | -46.31% | -1.72% | 22.76% | 24.85% | 28.74% | 37.40% |
| ROE % | 5.57% | 4.13% | 5.94% | 8.85% | -11.94% | -0.56% | 9.95% | 11.54% | 13.21% | 16.75% |
| ROCE % | 9.85% | 8.69% | 9.26% | 10.56% | -5.19% | 3.50% | 13.83% | 16.44% | 18.57% | 22.38% |
| 2.35% | 2.12% | 3.38% | 4.78% | -5.81% | -0.34% | 7.36% | 8.92% | 10.59% | 13.63% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 29 | 33 | 33 | 33 | 72 | 38 | 29 | 32 | 32 | 33 |
| Inventory Days | 7 | 7 | 7 | 7 | 18 | 10 | 6 | 6 | 6 | 6 |
| Payable Days | 290 | 302 | 294 | 345 | 775 | 468 | 331 | 366 | 350 | 359 |
| -255 | -262 | -254 | -304 | -685 | -420 | -295 | -328 | -312 | -320 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.74x | 0.41x | 0.40x | 0.42x | 0.61x | 0.12x | 0.05x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 2.32x | 2.47x | 3.63x | 2.84x | -1.17x | 0.91x | 9.88x | 13.91x | 19.86x | 26.89x |
| 0.41x | 1.01x | 0.56x | 0.93x | 0.53x | 1.62x | 1.27x | 1.78x | 2.26x | 2.79x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 5.90% | 7.59% | 7.60% | -1.33% | -58.70% | 76.79% | 84.90% | 18.93% | 11.60% | 9.42% |
| Operating Profit Growth % | 9.38% | 18.34% | 19.84% | 9.21% | -98.48% | 3845.30% | 178.55% | 26.72% | 19.18% | 12.51% |
| Net Profit Growth % | 70.15% | 3.21% | 78.45% | 52.22% | -230.73% | 93.44% | 2547.11% | 29.88% | 29.07% | 42.36% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 29.61% | 29.07% | 42.36% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 76.87x | 79.23x | 40.38x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.30x | 9.95x | 6.36x |
| 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 | 43.84x | 48.77x | 31.42x |
Mar 2017
- EPS (₹)
- 1.45
- Book Value (₹)
- 27.97
- Dividend per Share (₹)
- 0.35
- Cash EPS (₹)
- 2.70
- Operating Margin %
- 24.07%
- Net Margin %
- 5.96%
- ROE %
- 5.57%
- ROCE %
- 9.85%
- 2.35%
- Debtor Days
- 29
- Inventory Days
- 7
- Payable Days
- 290
- -255
- Debt to Equity (x)
- 0.74x
- Interest Coverage (x)
- 2.32x
- 0.41x
- Revenue Growth %
- 5.90%
- Operating Profit Growth %
- 9.38%
- Net Profit Growth %
- 70.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 1.24
- Book Value (₹)
- 36.95
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 2.44
- Operating Margin %
- 26.48%
- Net Margin %
- 5.72%
- ROE %
- 4.13%
- ROCE %
- 8.69%
- 2.12%
- Debtor Days
- 33
- Inventory Days
- 7
- Payable Days
- 302
- -262
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- 2.47x
- 1.01x
- Revenue Growth %
- 7.59%
- Operating Profit Growth %
- 18.34%
- Net Profit Growth %
- 3.21%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 2.22
- Book Value (₹)
- 37.70
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 3.53
- Operating Margin %
- 29.49%
- Net Margin %
- 9.48%
- ROE %
- 5.94%
- ROCE %
- 9.26%
- 3.38%
- Debtor Days
- 33
- Inventory Days
- 7
- Payable Days
- 294
- -254
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 3.63x
- 0.56x
- Revenue Growth %
- 7.60%
- Operating Profit Growth %
- 19.84%
- Net Profit Growth %
- 78.45%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 3.38
- Book Value (₹)
- 38.54
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 4.93
- Operating Margin %
- 32.64%
- Net Margin %
- 14.63%
- ROE %
- 8.85%
- ROCE %
- 10.56%
- 4.78%
- Debtor Days
- 33
- Inventory Days
- 7
- Payable Days
- 345
- -304
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 2.84x
- 0.93x
- Revenue Growth %
- -1.33%
- Operating Profit Growth %
- 9.21%
- Net Profit Growth %
- 52.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -4.41
- Book Value (₹)
- 35.39
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- -2.62
- Operating Margin %
- 1.20%
- Net Margin %
- -46.31%
- ROE %
- -11.94%
- ROCE %
- -5.19%
- -5.81%
- Debtor Days
- 72
- Inventory Days
- 18
- Payable Days
- 775
- -685
- Debt to Equity (x)
- 0.61x
- Interest Coverage (x)
- -1.17x
- 0.53x
- Revenue Growth %
- -58.70%
- Operating Profit Growth %
- -98.48%
- Net Profit Growth %
- -230.73%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -0.24
- Book Value (₹)
- 57.02
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 1.19
- Operating Margin %
- 26.82%
- Net Margin %
- -1.72%
- ROE %
- -0.56%
- ROCE %
- 3.50%
- -0.34%
- Debtor Days
- 38
- Inventory Days
- 10
- Payable Days
- 468
- -420
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 0.91x
- 1.62x
- Revenue Growth %
- 76.79%
- Operating Profit Growth %
- 3845.30%
- Net Profit Growth %
- 93.44%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 5.94
- Book Value (₹)
- 62.23
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 7.40
- Operating Margin %
- 40.41%
- Net Margin %
- 22.76%
- ROE %
- 9.95%
- ROCE %
- 13.83%
- 7.36%
- Debtor Days
- 29
- Inventory Days
- 6
- Payable Days
- 331
- -295
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 9.88x
- 1.27x
- Revenue Growth %
- 84.90%
- Operating Profit Growth %
- 178.55%
- Net Profit Growth %
- 2547.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 7.69
- Book Value (₹)
- 71.27
- Dividend per Share (₹)
- 1.75
- Cash EPS (₹)
- 9.30
- Operating Margin %
- 38.86%
- Net Margin %
- 24.85%
- ROE %
- 11.54%
- ROCE %
- 16.44%
- 8.92%
- Debtor Days
- 32
- Inventory Days
- 6
- Payable Days
- 366
- -328
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 13.91x
- 1.78x
- Revenue Growth %
- 18.93%
- Operating Profit Growth %
- 26.72%
- Net Profit Growth %
- 29.88%
- 29.61%
- P/E (x)
- 76.87x
- P/B (x)
- 8.30x
- Dividend Yield %
- 0.30%
- 43.84x
Mar 2025
- EPS (₹)
- 9.93
- Book Value (₹)
- 79.08
- Dividend per Share (₹)
- 2.25
- Cash EPS (₹)
- 11.74
- Operating Margin %
- 41.33%
- Net Margin %
- 28.74%
- ROE %
- 13.21%
- ROCE %
- 18.57%
- 10.59%
- Debtor Days
- 32
- Inventory Days
- 6
- Payable Days
- 350
- -312
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 19.86x
- 2.26x
- Revenue Growth %
- 11.60%
- Operating Profit Growth %
- 19.18%
- Net Profit Growth %
- 29.07%
- 29.07%
- P/E (x)
- 79.23x
- P/B (x)
- 9.95x
- Dividend Yield %
- 0.29%
- 48.77x
Mar 2026
- EPS (₹)
- 14.13
- Book Value (₹)
- 89.69
- Dividend per Share (₹)
- 3.25
- Cash EPS (₹)
- 16.08
- Operating Margin %
- 42.43%
- Net Margin %
- 37.40%
- ROE %
- 16.75%
- ROCE %
- 22.38%
- 13.63%
- Debtor Days
- 33
- Inventory Days
- 6
- Payable Days
- 359
- -320
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 26.89x
- 2.79x
- Revenue Growth %
- 9.42%
- Operating Profit Growth %
- 12.51%
- Net Profit Growth %
- 42.36%
- 42.36%
- P/E (x)
- 40.38x
- P/B (x)
- 6.36x
- Dividend Yield %
- 0.57%
- 31.42x
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