The Indian Hotels Company Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 17.1%)
- Low debt relative to equity (D/E 0.3x)
Concerns
- High premium to book value (P/B 8.4x)
- Trading near 52-week high (₹815)
Today's Price Action
The stock closed at ₹805.2, unchanged from the previous session, reflecting a flat intraday momentum. Trading volume matched the 20‑day average at 40,47,315 shares, indicating typical liquidity conditions and no unusual buying or selling pressure. The lack of price movement despite average participation suggests a balance between supply and demand at the current level.
Valuation Snapshot
The price‑to‑earnings multiple stands at 55.4, while the sector average is not applicable, highlighting a relatively high valuation for earnings relative to peers. A return on equity of 14.2 % reflects solid profitability and efficient capital deployment, supporting the earnings basis of the valuation.
Key Levels to Watch
The 52‑week range extends from a low of ₹565 to a high of ₹795, placing the current price slightly above the recent high and near the top of the annual band. Open‑interest data indicate resistance near the prior peak and support around the mid‑range level, providing reference points for market participants.
Chart Pattern
A bullish engulfing candle formed on the daily chart three days ago, signalling that buyers captured the full range of the preceding bearish candle. Six days ago a tweezer top appeared, a bearish reversal formation that suggests a possible exhaustion of the prior up‑move.
Data Summary
Market capitalisation is reported as ₹0 Cr, and the price‑to‑book ratio is 0, reflecting a negligible book value relative to market price. The share price remains within its annual trading band without notable deviation, and the observed metrics together outline the current financial and market profile. Investors may also note the stable churn ratio and the absence of dividend payouts, which together suggest a reinvestment focus by management currently.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ETERNAL ETERNAL LIMITED | ₹326 | ₹3.1L Cr | 621 | 10.06 | 0.38 | 2.48 | 0.18 |
| DMART Avenue Supermarts Limited | ₹3,134 | ₹2.1L Cr | 66.1 | 7.83 | 12.9 | 17.2 | 0.16 |
| TRENT Trent Limited | ₹2,914 | ₹1.5L Cr | 79.5 | 22.24 | 27.7 | 28.3 | 0.37 |
| LENSKART Lenskart Solutions Limited | ₹— | ₹1.1L Cr | 166 | — | 6.33 | 8.08 | 0.45 |
| MEESHO Meesho Limited | ₹— | ₹99K Cr | — | — | -46.2 | -40 | 0.01 |
| NYKAA FSN E-Commerce Ventures Limited | ₹343 | ₹91K Cr | 344 | 68.23 | 15.3 | 17.2 | 1.01 |
| NAUKRI Info Edge (India) Limited | ₹1,190 | ₹77K Cr | 52.2 | 2.03 | 1.81 | 3.45 | 0.01 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
INDHOTEL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 38.12% | 38.12% | 38.12% | 38.12% | 38.12% | 38.12% |
| FII | 23.28% | 24.47% | 27.19% | 27.44% | 27.78% | 26.96% |
| DII | 22.19% | 20.65% | 18.29% | 18.67% | 18.44% | 19.05% |
| Public | 16.27% | 16.63% | 16.26% | 15.65% | 15.54% | 15.74% |
| Govt | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 3.25 Per Share
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 2.25 Per Sh
Dividend - Rs 1.75 Per Share
Annual General Meeting/Dividend - Re 1 Per Share
Latest News
All newsIHCL to merge with Oriental Hotels in all-stock deal
*IHCL to merge with Oriental Hotels in all-stock deal.* The merger will consolidate IHCL's luxury portfolio and expand its footprint across key markets. Oriental Hotels shareholders to receive **1 equity share** of IHCL for every **4 shares** held. The move strengthens competitive positioning in India's growing hospitality sector. 📊 *STOCKS:* INDIANHOTELS | 🏢 *SECTOR:* Realty | #HIGHIMPACT #Merger
Indian Hotels to merge with Oriental Hotels
*Indian Hotels to merge with Oriental Hotels* — The NSE-listed The Indian Hotels Company Limited (INDHOTEL) and Oriental Hotels Limited (OHL) have filed a scheme of arrangement for amalgamation. The move aims to consolidate operations in the hospitality sector. Shareholders of both firms will vote on the merger proposal. The merged entity could see improved scale and operational synergies. 📊 *STOCKS:* $INDHOTEL $OHL | 🏢 *SECTOR:* Hospitality | #MEDIUMIMPACT #Merger
Taj GVK reclassifies Indian Hotels from promoter to public category
*Taj GVK reclassifies Indian Hotels from promoter to public category.* The move follows a board decision on July 31, 2026, signaling a shift in shareholding structure. This reclassification may lead to increased public float and liquidity for **INDHOTEL**. Investor sentiment could be impacted due to reduced promoter holding visibility. 📊 *STOCKS:* TAJGVK, INDHOTEL | 🏢 *SECTOR:* Realty | #MEDIUMIMPACT #CorporateReclassification
Indian Hotels reports Q2 FY27 earnings results
*Indian Hotels reports Q2 FY27 earnings results*. Revenue rose **15% YoY** to ₹**1,240 crore**, driven by strong RevPAR growth. Profit after tax surged **22% YoY** to ₹**187 crore**, beating street estimates. Management remains optimistic on domestic demand and international recovery. 📊 *STOCKS:* $INDHOTEL | 🏢 *SECTOR:* Hospitality | #HIGHIMPACT #Earnings
Indian Hotels Q2 profit up 20%, Nomura raises target to ₹850
*Indian Hotels Q2 profit up 20%, Nomura raises target to ₹850.* Quarterly profit rose **20%**, driving a **4%** jump in share price. Nomura upgraded its target to **₹850**, citing strong operational recovery and RevPAR growth. The positive earnings surprise and broker confidence signal robust demand in the luxury hotel segment. 📊 *STOCKS:* $INDHOTEL | 🏢 *SECTOR:* Hospitality | #HIGHIMPACT #Earnings
Indian Hotels updates analysts on performance and outlook
*Indian Hotels updates analysts on performance and outlook.* The company held an investor meet to discuss recent operational trends and strategic initiatives. Management highlighted strong RevPAR growth of **5.2%** YoY and room addition target of **120 properties by 2025**. Capital allocation and margin guidance remained key focus areas. 📊 *STOCKS:* INDHOTEL | 🏢 *SECTOR:* Realty | #MEDIUMIMPACT #concall
IHCL adds 20 hotel signings, 11 openings in Q1 FY27
*IHCL adds 20 hotel signings, 11 openings in Q1 FY27.* The company’s portfolio now stands at **645 hotels** with over **66,000 keys**, reflecting strong expansion momentum. The growth highlights increased brand presence and operational scale in the hospitality sector. This progress could boost revenue visibility and market share. 📊 *STOCKS:* IHCL | 🏢 *SECTOR:* Realty | #MEDIUMIMPACT #Hospitality
Market expert suggests buying Federal Bank and Indian Hotel.
*Market expert recommends buying Federal Bank and Indian Hotel.* Target prices and stop-loss levels advised for trading on Friday, 23 Oct. **Target: FEDERALBNK at ₹140, INDHOTEL at ₹220** with tight risk management. Traders may consider short-term positions based on technical outlook. 📊 *STOCKS:* $FEDERALBNK $INDHOTEL | 🏢 *SECTOR:* Banking | #MEDIUMIMPACT #BrokerCall
Indian Hotels publishes statutory notice in newspaper
*Indian Hotels publishes statutory notice in newspaper.* This is a routine corporate disclosure as per regulatory requirements. **No financial or operational impact** is expected from this filing. Such notices are standard practice for listed companies. 📊 *STOCKS:* INDHOTEL | 🏢 *SECTOR:* Realty | #LOWIMPACT #CorporateFiling
IHCL to develop Gateway Hotel in Siliguri, West Bengal
*IHCL to develop Gateway Hotel in Siliguri, West Bengal.* The greenfield project marks IHCL’s expanding footprint in emerging markets. The investment underscores growth in the hospitality sector outside metro cities. No financial details disclosed yet. 📊 *STOCKS:* INDHOTEL | 🏢 *SECTOR:* Realty | #MEDIUMIMPACT #Hospitality
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.8K Cr 39.2% | ₹2.0K Cr 0.0% | ₹2.0K Cr 15.8% | ₹2.4K Cr 4.3% | ₹2.5K Cr 38.7% | ₹1.8K Cr 17.8% | ₹1.6K Cr 18.6% | ₹1.9K Cr |
| Op. Profit | ₹1.1K Cr 88.8% | ₹570 Cr 1.0% | ₹576 Cr 32.8% | ₹857 Cr 10.9% | ₹962 Cr 92.0% | ₹501 Cr 11.3% | ₹450 Cr 31.8% | ₹660 Cr |
| OPM | 38.0% 35.7% | 28.0% 0.0% | 28.0% 20.0% | 35.0% 7.9% | 38.0% 40.7% | 27.0% 6.9% | 29.0% 17.1% | 35.0% |
| Net Profit | ₹954 Cr 200.0% | ₹318 Cr 3.3% | ₹329 Cr 41.6% | ₹563 Cr 11.1% | ₹633 Cr 8.6% | ₹583 Cr 124.2% | ₹260 Cr 40.6% | ₹438 Cr |
| EPS (₹) | 6.35 217.5% | 2 3.8% | 2.08 43.3% | 3.67 10.3% | 4.09 4.9% | 3.9 122.9% | 1.75 40.3% | 2.93 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹9.7K Cr 16.2% | ₹8.3K Cr 23.1% | ₹6.8K Cr 16.5% | ₹5.8K Cr 90.1% | ₹3.1K Cr 94.0% | ₹1.6K Cr 64.7% | ₹4.5K Cr 1.1% | ₹4.5K Cr 9.9% | ₹4.1K Cr 2.1% | ₹4.0K Cr |
| Expenses | ₹6.5K Cr 16.7% | ₹5.6K Cr 20.7% | ₹4.6K Cr 15.1% | ₹4.0K Cr 51.1% | ₹2.7K Cr 36.9% | ₹1.9K Cr 44.6% | ₹3.5K Cr 5.1% | ₹3.7K Cr 7.3% | ₹3.4K Cr 0.6% | ₹3.4K Cr |
| Op. Profit | ₹3.2K Cr 15.4% | ₹2.8K Cr 28.2% | ₹2.2K Cr 19.7% | ₹1.8K Cr 345.7% | ₹405 Cr 211.9% | ₹-362 Cr 137.4% | ₹968 Cr 16.6% | ₹830 Cr 23.7% | ₹671 Cr 10.0% | ₹610 Cr |
| OPM | 33.0% 0.0% | 33.0% 3.1% | 32.0% 3.2% | 31.0% 138.5% | 13.0% 156.5% | -23.0% 204.5% | 22.0% 22.2% | 18.0% 12.5% | 16.0% 6.7% | 15.0% |
| Other Income | ₹557 Cr 4.1% | ₹535 Cr 195.6% | ₹181 Cr 27.5% | ₹142 Cr 17.0% | ₹171 Cr 47.4% | ₹325 Cr 87.9% | ₹173 Cr 92.2% | ₹90 Cr 8.4% | ₹83 Cr 88.6% | ₹44 Cr |
| Interest | ₹221 Cr 6.3% | ₹208 Cr 5.5% | ₹220 Cr 6.8% | ₹236 Cr 44.9% | ₹428 Cr 6.2% | ₹403 Cr 18.2% | ₹341 Cr 79.5% | ₹190 Cr 29.4% | ₹269 Cr 17.0% | ₹324 Cr |
| Depreciation | ₹605 Cr 16.8% | ₹518 Cr 14.1% | ₹454 Cr 9.1% | ₹416 Cr 2.5% | ₹406 Cr 1.0% | ₹410 Cr 1.5% | ₹404 Cr 23.2% | ₹328 Cr 9.0% | ₹301 Cr 0.7% | ₹299 Cr |
| PBT | ₹2.9K Cr 13.5% | ₹2.6K Cr 54.7% | ₹1.7K Cr 28.6% | ₹1.3K Cr 601.9% | ₹-258 Cr 69.6% | ₹-850 Cr 314.6% | ₹396 Cr 1.5% | ₹402 Cr 118.5% | ₹184 Cr 493.5% | ₹31 Cr |
| Tax % | 25.0% 4.2% | 24.0% 14.3% | 28.0% 12.0% | 25.0% 278.6% | -14.0% 22.2% | -18.0% 263.6% | 11.0% 71.8% | 39.0% 40.9% | 66.0% 82.3% | 372.0% |
| Net Profit | ₹2.2K Cr 10.3% | ₹2.0K Cr 53.2% | ₹1.3K Cr 26.3% | ₹1.1K Cr 497.4% | ₹-265 Cr 66.7% | ₹-796 Cr 318.7% | ₹364 Cr 23.0% | ₹296 Cr 184.6% | ₹104 Cr 326.1% | ₹-46 Cr |
| EPS (₹) | 14.64 9.3% | 13.4 51.4% | 8.85 25.4% | 7.06 505.7% | -1.74 68.1% | -5.45 303.4% | 2.68 23.5% | 2.17 185.5% | 0.76 258.3% | -0.48 |
| Div Payout | 22.0% 29.4% | 17.0% 15.0% | 20.0% 42.9% | 14.0% 160.9% | -23.0% 228.6% | -7.0% 141.2% | 17.0% 19.0% | 21.0% 55.3% | 47.0% 185.5% | -55.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹142 Cr 0.0% | ₹142 Cr 0.0% | ₹142 Cr 0.0% | ₹142 Cr 0.0% | ₹142 Cr 19.3% | ₹119 Cr 0.0% | ₹119 Cr 0.0% | ₹119 Cr 0.0% | ₹119 Cr 20.2% | ₹99 Cr |
| Reserves | ₹11.4K Cr 3.7% | ₹11.0K Cr 18.3% | ₹9.3K Cr 18.8% | ₹7.8K Cr 13.3% | ₹6.9K Cr 96.0% | ₹3.5K Cr 16.7% | ₹4.2K Cr 0.2% | ₹4.2K Cr 4.1% | ₹4.1K Cr 67.9% | ₹2.4K Cr |
| Borrowings | ₹3.2K Cr 4.6% | ₹3.1K Cr 12.7% | ₹2.7K Cr 12.8% | ₹3.1K Cr 19.3% | ₹3.9K Cr 29.5% | ₹5.5K Cr 22.6% | ₹4.5K Cr 93.5% | ₹2.3K Cr 4.2% | ₹2.4K Cr 28.3% | ₹3.4K Cr |
| Other Liabilities | ₹3.6K Cr 7.5% | ₹3.4K Cr 32.7% | ₹2.5K Cr 6.3% | ₹2.4K Cr 16.5% | ₹2.1K Cr 9.5% | ₹2.3K Cr 12.2% | ₹2.6K Cr 9.0% | ₹2.8K Cr 5.0% | ₹2.7K Cr 0.3% | ₹2.7K Cr |
| Total Liabilities | ₹18.4K Cr 4.6% | ₹17.6K Cr 19.6% | ₹14.7K Cr 9.0% | ₹13.5K Cr 3.9% | ₹13.0K Cr 13.7% | ₹11.4K Cr 0.1% | ₹11.4K Cr 20.3% | ₹9.5K Cr 2.1% | ₹9.3K Cr 8.3% | ₹8.6K Cr |
Assets | ||||||||||
| Fixed Assets | ₹11.2K Cr 2.2% | ₹10.9K Cr 17.3% | ₹9.3K Cr 5.6% | ₹8.8K Cr 4.8% | ₹8.4K Cr 0.3% | ₹8.4K Cr 4.7% | ₹8.1K Cr 25.5% | ₹6.4K Cr 4.2% | ₹6.2K Cr 6.0% | ₹5.8K Cr |
| CWIP | ₹862 Cr 36.2% | ₹633 Cr 147.3% | ₹256 Cr 22.9% | ₹332 Cr 71.1% | ₹194 Cr 17.6% | ₹165 Cr 32.4% | ₹244 Cr 110.3% | ₹116 Cr 41.1% | ₹197 Cr 11.7% | ₹223 Cr |
| Investments | ₹3.3K Cr 46.5% | ₹2.3K Cr 0.8% | ₹2.3K Cr 19.6% | ₹1.9K Cr 3.9% | ₹2.0K Cr 32.6% | ₹1.5K Cr 3.9% | ₹1.4K Cr 6.9% | ₹1.3K Cr 11.6% | ₹1.5K Cr 21.5% | ₹1.2K Cr |
| Other Assets | ₹3.1K Cr 19.1% | ₹3.8K Cr 30.3% | ₹2.9K Cr 17.6% | ₹2.5K Cr 1.8% | ₹2.4K Cr 79.8% | ₹1.3K Cr 21.2% | ₹1.7K Cr 4.3% | ₹1.6K Cr 13.7% | ₹1.4K Cr 9.6% | ₹1.3K Cr |
| Total Assets | ₹18.4K Cr 4.6% | ₹17.6K Cr 19.6% | ₹14.7K Cr 9.0% | ₹13.5K Cr 3.9% | ₹13.0K Cr 13.7% | ₹11.4K Cr 0.1% | ₹11.4K Cr 20.3% | ₹9.5K Cr 2.1% | ₹9.3K Cr 8.3% | ₹8.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹2.2K Cr 13.4% | ₹1.9K Cr 19.5% | ₹1.6K Cr 140.9% | ₹672 Cr 310.7% | ₹-319 Cr 138.8% | ₹823 Cr 15.8% | ₹711 Cr 44.5% | ₹492 Cr 8.0% | ₹535 Cr 13.6% | ₹619 Cr |
| Investing CF | ₹-1.9K Cr 54.7% | ₹-1.2K Cr 775.4% | ₹-138 Cr 91.6% | ₹-1.6K Cr 1290.7% | ₹-118 Cr 76.3% | ₹-497 Cr 28.4% | ₹-387 Cr 25.7% | ₹-521 Cr 161.4% | ₹848 Cr 148.7% | ₹341 Cr |
| Financing CF | ₹-547 Cr 44.5% | ₹-985 Cr 35.5% | ₹-1.5K Cr 192.1% | ₹1.7K Cr 492.5% | ₹280 Cr 205.7% | ₹-265 Cr 22.7% | ₹-343 Cr 457.3% | ₹96 Cr 107.0% | ₹-1.4K Cr 15.5% | ₹-1.2K Cr |
| Net Cash Flow | ₹-222 Cr 13.6% | ₹-257 Cr 446.8% | ₹-47 Cr 106.8% | ₹689 Cr 538.9% | ₹-157 Cr 353.2% | ₹62 Cr 426.3% | ₹-19 Cr 128.4% | ₹67 Cr 6600.0% | ₹1 Cr 100.4% | ₹-237 Cr |
| Free Cash Flow | ₹1.1K Cr 13.0% | ₹1.3K Cr 9.3% | ₹1.2K Cr 207.8% | ₹387 Cr 176.5% | ₹-506 Cr 199.0% | ₹511 Cr 103.6% | ₹251 Cr 2030.8% | ₹-13 Cr 101.4% | ₹954 Cr 277.1% | ₹253 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28d 7.7% | 26d 7.1% | 28d 6.7% | 30d 41.2% | 51d 112.5% | 24d 7.7% | 26d 10.3% | 29d 16.0% | 25d 13.6% | 22d |
| Inventory Days | 64d 22.0% | 82d 2.4% | 84d 41.3% | 143d 39.4% | 236d 156.5% | 92d 26.0% | 73d 12.0% | 83d 2.5% | 81d 1.3% | 80d |
| Days Payable | 273d 25.0% | 364d 1.1% | 368d 33.1% | 550d 31.8% | 807d 110.7% | 383d 30.3% | 294d 10.9% | 330d 12.2% | 294d 2.8% | 286d |
| Cash Conv. Cycle | -180d 30.0% | -257d 0.4% | -256d 31.9% | -376d 27.7% | -520d 94.0% | -268d 37.4% | -195d 10.1% | -217d 14.8% | -189d 2.7% | -184d |
| Working Capital Days | -40d 34.4% | -61d 27.4% | -84d 49.1% | -165d 70.3% | -555d 460.6% | -99d 11.6% | -112d 62.3% | -69d 39.5% | -114d 31.3% | -166d |
| ROCE | 17.0% 13.3% | 15.0% 15.4% | 13.0% 1200.0% | 1.0% 116.7% | -6.0% 185.7% | 7.0% 12.5% | 8.0% 33.3% | 6.0% 20.0% | 5.0% 0.0% | 5.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About The Indian Hotels Company Limited
IHCL is one of India’s leading hospitality companies. IHCL and its subsidiaries comprise diversified portfolio across luxury, upscale/upper upscale and lean luxury/midscale segments. IHCL’s operations are spread across four continents, 12 countries and over 100 cities.[1]
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