MarketFriction

Asian Hotels (West) Ltd

NSE AHLWEST · BSE 533221 · Hotels & Resorts
₹535.05 +0.00%
NSE close2026-10-01
52 week range137.00 - 751.40
Market cap₹605 Cr.
P/E6.70
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1109810990961101158911411112298
Expenses596167515861695559626758
Operating Profit513742383849463455495439
OPM %47%38%39%43%39%44%40%38%49%44%45%40%
Other Income25522-16-5222-183
Interest202886191818131413121411
Depreciation99109913101112101011
Profit before tax245-4813131171132291220
Tax %-0%65%-19%-37%-38%-272%105%28%24%24%13%30%
Net Profit242-3918185-1824221114
EPS in Rs20.741.43-33.7115.0915.504.38-0.826.9320.9518.589.3012.26
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales319364385432431131159347400411435444
Expenses239256262282278132136202229235239246
Operating Profit80108123150153-023145171176197197
OPM %25%30%32%35%35%-0.2%14%42%43%43%45%44%
Other Income41815251611111013-17-12-11
Interest9610291901071089389153735750
Depreciation525556475252613838414342
Profit before tax-64-31-10389-149-12028-7458594
Tax %-4%2%18%-94%89%-0%-2%-17%-183%11%23%
Net Profit-61-31-11741-149-118326406571
EPS in Rs-44.13-27.26-7.5364.230.85-127.75-100.8527.844.7334.1655.7761.09
Dividend Payout %-2%-4%-13%2%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%27%8%8%
Compounded Profit Growth14%21%36%86%
Stock Price CAGR10%14%%%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111212121212121212
Reserves21516312411411099-49-167-135-129-90-25
Borrowings7347567797637929641,0061,004959999915839
Other Liabilities2272132072161838280121143111117139
Total Liabilities1,1881,1441,1221,1051,0961,1561,049970979993954965
Fixed Assets994944923886848985928865828794773768
CWIP0109311561230
Investments000810000000
Other Assets19319019020724617011698150196178196
Total Assets1,1881,1441,1221,1051,0961,1561,049970979993954965
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3377831441691521870155152138203
Cash from Investing Activity-12-12-24-31-131-233122-4-91-24
Cash from Financing Activity-5-71-58-96-56-123-61-94-117-124-151-121
Net Cash Flow16-6116-186-11-23418-1257
Free Cash Flow2165611281601311771155145118160
CFO/OP67%99%79%120%118%104%-4,500%298%105%89%78%103%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days201519211712292321141415
Inventory Days8979764447
Days Payable260226190240284
Cash Conversion Cycle-150-132-9621171229232114-183-222
Working Capital Days-57-54-19-20-36-58-890-824-379-402-419-413
ROCE %1%3%8%9%14%12%-4%-3%14%17%17%20%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.72%70.72%70.72%70.72%70.72%71.39%71.39%71.39%72.02%72.07%72.11%72.11%
DIIs0.57%0.57%0.57%0.57%0.57%0.57%0.57%0.57%0.57%0.57%0.57%0.57%
Public28.71%28.71%28.71%28.71%28.71%28.03%28.02%28.02%27.39%27.35%27.30%27.30%
No. of Shareholders9,0919,0929,0959,0929,0929,0958,7198,7138,2857,8467,8457,358

Fundamentals

Market Cap₹ 605 Cr.
Current Price₹ 529
Stock P/E6.70
Book Value₹ -11.5
ROCE19.7 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)86%
Consolidated figures.
Valuation
Market capRs 623 Cr
Enterprise valueRs 1,359 Cr
P/E (TTM)8.76x
Price to book-46.38x
Price to sales1.40x
EV / EBITDA7.28x
EV / EBIT9.42x
EV / sales3.06x
Price to cash flow3.07x
Earnings yield11.42%
P/E, 3-year average12.43x
P/B, 3-year average-5.36x
P/E, 5-year average10.62x
P/B, 5-year average-3.71x
Profitability
Operating margin (excl. other income)45.16%
Operating margin (incl. other income)42.40%
EBITDA margin42.03%
Pre-tax margin21.13%
Net profit margin16.04%
Net margin, latest quarter14.61%
ROE-142.11%
ROCE17.07%
ROA6.77%
ROE, 3-year average-62.46%
ROCE, 3-year average15.94%
ROA, 3-year average3.81%
ROE, 5-year average-17.79%
ROCE, 5-year average11.75%
ROA, 5-year average0.62%
ROIC (approx.)15.35%
Tax rate23.15%
Other income / net worth89.36%
Growth
Sales growth (latest year)6.06%
Profit growth (latest year)63.27%
Sales CAGR, 3 years7.82%
Sales CAGR, 5 years27.07%
Profit CAGR, 3 years26.06%
Sales growth QoQ-19.58%
Profit growth QoQ31.86%
Sales growth YoY (latest quarter)9.44%
Profit growth YoY (latest quarter)76.73%
Per share
EPS (TTM)Rs 61.08
EPS (latest year)Rs 55.77
EPS (latest quarter)Rs 12.26
EPS, 3-year averageRs 31.55
EPS, 5-year averageRs 4.33
Book value per shareRs -11.54
Sales per shareRs 380.91
Cash flow per shareRs 174.15
Free cash flow per shareRs 137.32
Efficiency
Asset turnover0.45x
Fixed asset turnover0.57x
Inventory turnover26.50x
Inventory days14 days
Debtor days15 days
Debtors turnover24.87x
Creditor days284 days
Cash conversion cycle-222 days
Working capital days-413 days
Leverage
Total debtRs 839 Cr
Cash and bankRs 104 Cr
Net debtRs 735 Cr
Debt to equity-62.44x
Net debt / EBITDA3.94x
Interest coverage2.86x
Current ratio (filing 2026-03-31)0.27x
Quick ratio (filing 2026-03-31)0.26x
Trade payables (filing 2026-03-31)Rs 29 Cr
Owners' fund to total sources-1.39%
Debt to assets87.00%
Cash flow
Cash from Operating Activity (latest year)Rs 203 Cr
Cash from Investing Activity (latest year)Rs -24 Cr
Cash from Financing Activity (latest year)Rs -121 Cr
Net Cash Flow (latest year)Rs 57 Cr
Free cash flow (latest year)Rs 160 Cr
FCFE (approx.: FCF + change in debt)Rs 84 Cr
Cash from ops / profit, 5 years28.72x
Sales to cash flow2.15x
Statement figures
Net sales (TTM)Rs 444 Cr
Net sales (latest year)Rs 435 Cr
Sales (latest quarter)Rs 98 Cr
Operating profit excl. other income (latest year)Rs 197 Cr
Operating profit (latest quarter)Rs 39 Cr
Other income (TTM)Rs -11 Cr
EBITDA (TTM)Rs 187 Cr
PBDT (TTM)Rs 136 Cr
Profit before tax (TTM)Rs 94 Cr
Tax (latest year)Rs 20 Cr
Net profit (TTM)Rs 71 Cr
Net profit (latest year)Rs 65 Cr
Net profit (latest quarter)Rs 14 Cr
Depreciation (TTM)Rs 42 Cr
Depreciation (latest quarter)Rs 11 Cr
Interest (TTM)Rs 50 Cr
Cost of goods sold (latest year)Rs 128 Cr
Total expenditure (latest year)Rs 239 Cr
Total income (latest year)Rs 423 Cr
Share capitalRs 12 Cr
ReservesRs -25 Cr
Shareholders' fundsRs -13 Cr
Total assetsRs 965 Cr
Net blockRs 768 Cr
InvestmentsRs 0 Cr
ReceivablesRs 18 Cr
InventoryRs 5 Cr
Other liabilitiesRs 139 Cr
Shares outstanding (crore)1.17
Ownership
Promoter holding72.11% (+0.72 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 8.8 is at the 42th percentile of its own 2.6-year range (median 9.0, low 3.7, high 319.4).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAHLWESTNifty 50Difference
1 week+2.7%-2.8% +5.5 pts
1 month+0.1%-6.8% +6.9 pts
3 months-9.4%-7.6% -1.7 pts
6 months+265.2%+0.4% +264.8 pts
1 year+118.2%-9.9% +128.1 pts
2 years+112.2%-13.6% +125.8 pts
3 years+271.2%+14.2% +257.0 pts
5 years+93.3%+27.9% +65.4 pts

Red flags

F-score 8 of 8
seriousNegative equity Shareholders' equity is negative
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-09Sandeep GuptaPromoter groupbuy951,141SAST Inter-se transfer
2026-09-09Sandeep GuptaPromoter groupbuy951,141SAST Inter-se transfer
2026-09-09Vinita GuptaPromoter groupsell951,141SAST Inter-se transfer
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹98 Cr +10.1% vs Jun 2025. Net profit ₹14 Cr +75.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-10-23Annual General Meeting
2020-09-22 Annual General Meeting
2019-08-08 Dividend - Rs 1 Per Share
2018-06-25 Dividend- Re 1 Per Share
2017-07-03 Dividend - Re 1/- Per Share
2016-07-14 Dividend - Re 1/- Per Share
2015-09-02 Annual General Meeting/ Dividend - Re 1/- Per Share/ E-Voting
2014-09-12Annual General Meeting / Dividend Rs 1.50/- Per Share / E-Voting
2013-08-21Annual General Meeting / Dividend - Rs. 2 Per Share
2012-09-04Annual General Meeting/ Dividend Rs. 4 Per Share
2011-07-25Dividend-Rs.4/- Per Share
2010-09-09Annual General Meeting And Dividend Rs.3/- Per Share
DateTypeWhat it says
2026-09-23Disclosure under SEBI TakeovSandeep Gupta has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Ac...
2026-09-15Disclosure under SEBI TakeovSandeep Gupta has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made i...
2026-08-27Disclosure under SEBI TakeovAsian Hotels (West) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (...
2026-08-26Reply to Clarification- FinaThe Exchange had sought clarification from Asian Hotels (West) Limited for the quarter ended 31-Mar-2021 with respect to Regulation 33 of the SEBI (Li...
2026-08-26Reply to Clarification- FinaThe Exchange had sought clarification from Asian Hotels (West) Limited for the quarter ended 31-Mar-2021 with respect to Regulation 33 of the SEBI (Li...
2026-08-14UpdatesQuarterly financial results of 30062026.
2026-08-14Board meeting outcomeAsian Hotels (West) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-04Reply to Clarification- FinaThe Exchange had sought clarification from Asian Hotels (West) Limited for the quarter ended 30-Jun-2025 with respect to Regulation 33 of the SEBI (Li...
2026-07-21Reply to Clarification- FinaThe Exchange had sought clarification from Asian Hotels (West) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Li...
2026-07-21Reply to Clarification- FinaThe Exchange had sought clarification from Asian Hotels (West) Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Li...
2026-07-03Disclosure under SEBI TakeovSandeep Gupta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acq...
2026-07-01Disclosure under SEBI TakeovAria Reorts India Private Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India ...
2026-07-01Disclosure under SEBI TakeovChaman Lal Brijrani Charitale Trust has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of ...
2026-06-19Shareholder meetingProceedings of Annual General Meeting held on Jun 19, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with vo...
2026-06-18Clarification - Financial ReThe Exchange has sought clarification from Asian Hotels (West) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Li...
2026-06-05Disclosure under SEBI TakeovSudhir Chamanlal Gupta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-05-26Shareholder meetingNotice of Annual General Meeting to be held on Jun 19, 2026
2026-05-26Record DateRecord date for the purpose of Meeting is 12-Jun-2026.
2026-05-25Board meeting outcomeAsian Hotels (West) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-04Disclosure under SEBI TakeovGrant Thornton (Benjamin Alexander Rhodes) has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Bo...
2026-04-21Clarification - Financial ReThe Exchange has sought clarification from Asian Hotels (West) Limited for the quarter ended 31-Mar-2021 with respect to Regulation 33 of the SEBI (Li...
2026-04-16Price movementSignificant movement in price has been observed in Asian Hotels (West) Limited. The Exchange, in order to ensure that investors have latest relevant i...
2026-04-15Price movementSignificant movement in price has been observed in Asian Hotels (West) Limited. The Exchange, in order to ensure that investors have latest relevant i...
2026-04-08Reply to Clarification- FinaThe Exchange had sought clarification from Asian Hotels (West) Limited for the quarter ended 30-Jun-2024 with respect to Regulation 33 of the SEBI (Li...
2026-03-23Clarification - Financial ReThe Exchange has sought clarification from Asian Hotels (West) Limited for the quarter ended 30-Jun-2025 with respect to Regulation 33 of the SEBI (Li...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-12NCLTM/s. Citron Straegies Pvt Ltd Vs M/s. Asian Hotels (North) Ltd.
2021-04-14NCLTM/s. Citron Straegies Pvt Ltd Vs M/s. Asian Hotels (North) Ltd.
2021-03-24NCLTM/s. Citron Straegies Pvt Ltd Vs M/s. Asian Hotels (North) Ltd.
2021-03-18NCLTM/s. Vistrat Real Estates Pvt. Ltd. Vs M/s. Asian Hotels (North) Ltd.
2021-03-16NCLTM/s. Citron Straegies Pvt Ltd Vs M/s. Asian Hotels (North) Ltd.
2021-03-03NCLTM/s. Vistrat Real Estates Pvt. Ltd. Vs M/s. Asian Hotels (North) Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
ESM: stage 1Less than 100 unique PAN traded in previous 30 daysLoss making
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03