MarketFriction

Asian Hotels (North) Ltd

NSE ASIANHOTNR · BSE 500023 · Hotels & Resorts
₹348.10 -1.89%
NSE close2026-10-01
52 week range247.50 - 423.80
Market cap₹1,537 Cr.
P/E114
Price band 20% Delivery 73.9%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales74.4376.7683.5962.1378.0886.4791.5170.2976.9090.98102.9177.63
Expenses59.1955.5361.0148.7158.2564.9662.3155.4579.5481.4079.4264.07
Operating Profit15.2421.2322.5813.4219.8321.5129.2014.84-2.649.5823.4913.56
OPM %20.48%27.66%27.01%21.60%25.40%24.88%31.91%21.11%-3.43%10.53%22.83%17.47%
Other Income-0.480.041.730.440.05116.55186.650.28-49.40-40.28-6.640.38
Interest32.2844.9034.1434.0938.3128.5932.6318.5118.6121.2514.1014.12
Depreciation5.575.525.195.034.964.997.014.814.404.524.094.56
Profit before tax-23.09-29.15-15.02-25.26-23.39104.48176.21-8.20-75.05-56.47-1.34-4.74
Tax %0.00%0.00%1.26%0.00%122.15%13.57%1.15%65.37%-15.36%0.00%-2,488.06%-25.11%
Net Profit-23.08-29.15-15.21-25.26-51.9690.30174.18-13.55-63.53-56.4732.00-3.54
EPS in Rs-11.86-14.98-7.82-12.99-26.7146.4289.54-6.97-32.66-29.037.51-0.83
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales24125127427425273131256298318341348
Expenses17016819019119893124201226234296304
Operating Profit7183848255-2065472844544
OPM %30%33%31%30%22%-27%4.8%21%24%26%13%13%
Other Income461031815-567422304-96-96
Interest1179998113125911101181401347268
Depreciation232120191817252322221818
Profit before tax-23-27-3-42-74-695-125-85-87232-141-138
Tax %-114%-43%-12%-22%-15%0%0%0%0%19%-28%
Net Profit3-16-2-33-63-695-125-85-88187-102-92
EPS in Rs1.63-8.02-1.24-16.85-32.45-357.34-64.16-43.60-44.9896.26-23.82-55.01
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth4%36%10%7%
Compounded Profit Growth8%15%27%116%
Stock Price CAGR14%31%36%11%
Return on Equity-13%-26%-17%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919191919191919191943
Reserves73373872171968762435222814355243878
Borrowings9069459478969129209591,0681,0821,052550334
Other Liabilities240149142176201231250241329576732438
Total Liabilities1,8991,8511,8311,8101,8191,7941,5811,5561,5731,7031,5441,692
Fixed Assets1,2711,2131,1861,1481,1291,0961,5031,4791,4571,4341,4181,384
CWIP1031211111110
Investments559563561563567574100000
Other Assets597282971221227576115267125309
Total Assets1,8991,8511,8311,8101,8191,7941,5811,5561,5731,7031,5441,692
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity27428210410110947154372437-156
Cash from Investing Activity34471844722-1-340-517
Cash from Financing Activity-91-82-98-153-109-134-47-11-29-38-431268
Net Cash Flow-3072-5-1-3-1018350130
Free Cash Flow65879514410413146144273431-138
CFO/OP76%65%100%126%128%195%-181%208%83%112%524%-345%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days151616162218721723211923
Inventory Days579211011710610318793
Days Payable3283984784775888183,000489
Cash Conversion Cycle-256-290-352-344-460-697-2,74117232119-374
Working Capital Days-514-327-217-218-254-367-1,604-1,148-809-933-1,221-365
ROCE %1%3%4%4%4%3%-2%-1%3%4%7%4%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.69%50.69%0.16%3.17%3.17%3.17%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs0.00%0.00%5.26%5.26%5.26%5.26%5.26%5.26%5.64%5.65%2.58%2.58%
DIIs0.13%0.13%0.13%3.74%3.74%3.72%3.70%3.70%3.70%3.70%1.69%1.97%
Public49.16%49.18%94.45%87.82%87.83%87.84%91.04%91.04%90.67%90.64%95.73%95.45%
No. of Shareholders10,3139,88310,25410,0099,7509,7739,8479,6089,4969,4309,2879,250

Fundamentals

Market Cap₹ 1,537 Cr.
Current Price₹ 361
Stock P/E114
Book Value₹ 216
ROCE3.52 %
ROE0.57 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)116%
Standalone figures.
Valuation
Market capRs 1,480 Cr
Enterprise valueRs 1,630 Cr
Price to book1.61x
Price to sales4.25x
EV / sales4.68x
Earnings yield-6.18%
P/E, 3-year average3.78x
P/B, 3-year average3.06x
P/E, 5-year average3.78x
P/B, 5-year average2.03x
Profitability
Operating margin (excl. other income)13.27%
Operating margin (incl. other income)-14.89%
EBITDA margin-14.91%
Pre-tax margin-39.49%
Net profit margin-26.27%
Net margin, latest quarter-4.56%
ROE-17.17%
ROCE-6.64%
ROA-6.28%
ROE, 3-year average6.71%
ROCE, 3-year average11.83%
ROA, 3-year average-0.03%
ROE, 5-year average-12.33%
ROCE, 5-year average7.39%
ROA, 5-year average-2.69%
ROIC (approx.)-4.68%
Tax rate28.01%
Other income / net worth-10.43%
Growth
Sales growth (latest year)7.19%
Profit growth (latest year)-154.23%
Sales CAGR, 3 years10.07%
Sales CAGR, 5 years36.27%
Sales growth QoQ-24.57%
Profit growth QoQ-111.06%
Sales growth YoY (latest quarter)10.44%
Per share
EPS (TTM)Rs -21.53
EPS (latest quarter)Rs -0.83
EPS, 3-year averageRs 25.64
EPS, 5-year averageRs -14.12
Book value per shareRs 216.49
Sales per shareRs 81.93
Cash flow per shareRs -36.58
Free cash flow per shareRs -32.45
Efficiency
Asset turnover0.20x
Fixed asset turnover0.25x
Inventory turnover3.94x
Inventory days93 days
Debtor days23 days
Debtors turnover16.04x
Creditor days489 days
Cash conversion cycle-374 days
Working capital days-365 days
Leverage
Total debtRs 334 Cr
Cash and bankRs 184 Cr
Net debtRs 150 Cr
Debt to equity0.36x
Interest coverage-1.02x
Current ratio (filing 2026-03-31)0.60x
Quick ratio (filing 2026-03-31)0.58x
Trade payables (filing 2026-03-31)Rs 47 Cr
Owners' fund to total sources54.40%
Debt to assets19.72%
Cash flow
Cash from Operating Activity (latest year)Rs -156 Cr
Cash from Investing Activity (latest year)Rs 17 Cr
Cash from Financing Activity (latest year)Rs 268 Cr
Net Cash Flow (latest year)Rs 130 Cr
Free cash flow (latest year)Rs -138 Cr
FCFE (approx.: FCF + change in debt)Rs -354 Cr
Statement figures
Net sales (TTM)Rs 348 Cr
Net sales (latest year)Rs 341 Cr
Sales (latest quarter)Rs 78 Cr
Operating profit excl. other income (latest year)Rs 45 Cr
Operating profit (latest quarter)Rs 14 Cr
Other income (TTM)Rs -96 Cr
EBITDA (TTM)Rs -52 Cr
PBDT (TTM)Rs -120 Cr
Profit before tax (TTM)Rs -138 Cr
Tax (latest year)Rs -40 Cr
Net profit (TTM)Rs -92 Cr
Net profit (latest year)Rs -102 Cr
Net profit (latest quarter)Rs -4 Cr
Depreciation (TTM)Rs 18 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 68 Cr
Cost of goods sold (latest year)Rs 35 Cr
Total expenditure (latest year)Rs 296 Cr
Total income (latest year)Rs 245 Cr
Share capitalRs 43 Cr
ReservesRs 878 Cr
Shareholders' fundsRs 921 Cr
Total assetsRs 1,692 Cr
Net blockRs 1,384 Cr
InvestmentsRs 0 Cr
ReceivablesRs 21 Cr
InventoryRs 9 Cr
Other liabilitiesRs 438 Cr
Shares outstanding (crore)4.25
Ownership
Promoter holding0.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 1.61 is at the 60th percentile (median 1.34).
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.
PeriodASIANHOTNRNifty 50Difference
1 week-10.6%-2.8% -7.8 pts
1 month-5.7%-6.8% +1.1 pts
3 months+8.6%-7.6% +16.2 pts
6 months+15.7%+0.4% +15.3 pts
1 year+7.2%-9.9% +17.1 pts
2 years+95.7%-13.6% +109.3 pts
3 years+143.8%+14.2% +129.6 pts
5 years+284.6%+27.9% +256.7 pts

Red flags

F-score 1 of 8
explainShare dilution Share count up 118% in a year, 118% in three
lookRegulator order or action Regulator order or action 2026-08-05: Asian Hotels (North) Limited has informed the Exchange about Action(s) taken or orders passed
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.

Latest quarter

Jun 2026
Sales ₹78 Cr +10.4% vs Jun 2025. Net loss ₹4 Cr.
Against our estimate for Jun 2026: sales +1.5%, profit +88.6% in line. Our estimate for Sep 2026: sales Rs 86 Cr, profit Rs -29 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Indian Hotels Co Ltd101,68352.317.1 %
ITC Hotels Ltd33,43936.311.2 %
EIH Ltd18,87726.020.7 %
Chalet Hotels Ltd18,41234.417.0 %
Leela Palaces Hotels & Resorts Ltd17,82039.78.73 %
Ventive Hospitality Ltd13,07527.010.8 %
Lemon Tree Hotels Ltd8,25332.214.1 %
India Tourism Development Corporation Ltd5,63668.129.9 %
Juniper Hotels Ltd4,76025.78.04 %
Mahindra Holidays & Resorts India Ltd3,93384.18.12 %
Samhi Hotels Ltd3,3217.908.90 %
Oriental Hotels Ltd2,48937.112.1 %
Apeejay Surrendra Park Hotels Ltd2,18433.99.43 %
Brigade Hotel Ventures Ltd2,12931.212.8 %
TajGVK Hotels & Resorts Ltd1,98913.813.3 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-22Annual General Meeting
2022-09-20Annual General Meeting
2021-09-21 Annual General Meeting
2020-12-17 Annual General Meeting
2019-08-19 Annual General Meeting
2018-07-26 Annual General Meeting
2017-08-03 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-11 Annual General Meeting
2014-09-25Annual General Meeting / Dividend - Re 1/- Per Share
2013-09-19Annual General Meeting / Dividend - Re 1/- Per Share
2012-09-20Annual General Meeting And Dividend Rs.1.50 Per Share
2011-09-15Dividend-Rs.2.50 Per Share
2010-09-22Dividend-Rs.5/- Per Share
DateTypeWhat it says
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along w...
2026-09-04Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026, Cut-off date for e-voting and closure of Register of Members and Share Transfer Bo...
2026-08-25AppointmentAppointment of Ms Gauri Dhawan as Head of Marketing, PR and Branding, one of the Senior Management Personnel of the Company w.e.f. September 01, 2026.
2026-08-10AppointmentRe-appointment of Mr. Krishna Kumar Acharya as Executive Director of the company w.e.f. August 12, 2026 for a period of 2 years.
2026-08-10Board meeting outcomeAsian Hotels (North) Limited has submitted to the Exchange, the Un-audited Standalone and Consolidated Financial Results for the period ended June 30,...
2026-08-05Regulatory actionAction(s) taken or orders passed
2026-07-08ResignationResignation of Director/KMP/SMP
2026-07-08ResignationResignation of Mr. Sachin Goel as Chief Financial Officer (KMP & SMP) of the company w.e.f. July 07, 2026.
2026-06-18Shareholder meetingVoting results.
2026-05-30Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-30Board meeting outcomeAsian Hotels (North) Limited has submitted to the Exchange, the Standalone and Consolidated financial results for the quarter and year ended March 31,...
2026-05-28UpdatesBoard Comments on the fine levied by the Stock Exchanges.
2026-05-28AppointmentAppointment of Ms. Kriti Narula Sehgal as Company Secretary & Compliance Officer of the company w.e.f. Jun 01, 2026.
2026-05-28AppointmentRe-appointment of Dr. Arun Gopal Agarwal as Whole Time Director designated as CEO & Executive Director of the company w.e.f. July 30, 2026 for a perio...
2026-05-28AppointmentRe-appointment of M/s. Agarawal U R S & Co. as Internal Auditors of the company for the Financial Year 2026-27
2026-05-28AppointmentAppointment of Mr. Sachin Goel as Chief Financial Officer of the company w.e.f. Jun 01, 2026.
2026-05-28ResignationResignation of Mr. Sunil Upadhyay as Chief Financial Officer of the company w.e.f. closing of business hours on May 31, 2026.
2026-05-28Board meeting outcomeAsian Hotels (North) Limited has submitted to the Exchange, the Standalone & Consolidated financial results for the quarter and year ended March 31, 2...
2026-05-18Shareholder meetingNotice of Postal Ballot dated 15.05.2026
2026-05-15Monitoring Agency ReportMonitoring Agency Report dated 15.05.2026 for the quarter ended 31.03.2026 is enclosed.
2026-05-08Director changeChange in Director(s) of the company.
2026-05-08AppointmentAppointment of Dr. Sharad Sharma, Whole Time Director as Chairman of the Board of Directors of the company w.e.f. May 08, 2026.
2026-04-17AppointmentAppointment of Mr Sachin Goel as Director of Finance in the Senior Management of the company w.e.f. April 17, 2026.
2026-04-04ResignationResignation of Mr Tarun Srivastava as Company Secretary & Compliance Officer (Key Managerial Personnel) of the company w.e.f. closure of business hour...
2026-04-03CessationCessation of Mr Arjun Raghavendra Murlidharan as Non- Executive Independent Director of the company and consequently cessation as a Director of the C...
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
2021-08-03NCLTM/s. Seaborn Vs M/s. Asian Hotels North Ltd.
2021-07-19NCLTSandhya Hydra Power Projects Balargha Pvt. Ltd. Vs M/s. Asian Hotels North Ltd.
2021-04-15NCLTSandhya Hydra Power Projects Balargha Pvt. Ltd. Vs M/s. Asian Hotels North Ltd.
2021-03-23NCLTSandhya Hydra Power Projects Balargha Pvt. Ltd. Vs M/s. Asian Hotels North Ltd.
2021-02-25NCLTSandhya Hydra Power Projects Balargha Pvt. Ltd. Vs M/s. Asian Hotels North Ltd.
2021-01-29NCLTSandhya Hydra Power Projects Balargha Pvt. Ltd. Vs M/s. Asian Hotels North Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Asian Hotels (North) Ltd?

Asian Hotels (North) Ltd (ASIANHOTNR) has a market capitalisation of Rs 1,537 Cr. at the 2026-10-01 close.

What is the P/E ratio of Asian Hotels (North) Ltd?

Asian Hotels (North) Ltd trades at a P/E of 114 on trailing twelve-month profit, at the 2026-10-01 close.

What were Asian Hotels (North) Ltd's latest quarterly results?

In the Jun 2026 quarter, Asian Hotels (North) Ltd sales was Rs 78 Cr (+10.4% vs Jun 2025) with a net loss of Rs 4 Cr.

What is the 52-week high and low of Asian Hotels (North) Ltd?

The 52-week high is Rs 423.80 and the 52-week low is Rs 247.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03