MarketFriction

Indian Hotels Co Ltd

NSE INDHOTEL · BSE 500850 · Hotels & Resorts
₹718.00 -1.46%
NSE close2026-10-01
52 week range565.00 - 757.40
Market cap₹1,01,683 Cr.
P/E52.3
Nifty 200Nifty 500Nifty Midcap 50Nifty Midcap 100Midcap 150Nifty Midcap SelectNifty InfrastructureNifty India Consumption No price band Delivery 61.6%

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
Sales1,4331,9641,9051,5501,8262,5332,4252,0412,0412,8422,7652,339
Expenses1,0781,2311,2461,1011,3251,5711,5681,4651,4711,7661,7931,666
Operating Profit3557326604505019628575765701,076973673
OPM %25%37%35%29%27%38%35%28%28%38%35%29%
Other Income48404646371595961833347980
Interest595352505252545556565557
Depreciation111114120117125134142143145150167163
Profit before tax2326055353286968347204404531,203830533
Tax %31%28%26%29%18%26%25%27%30%22%25%27%
Net Profit179477438260583633563329318954645391
EPS in Rs1.183.182.931.753.904.093.672.082.006.354.212.51
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,0234,0214,1044,5124,4631,5753,0565,8106,7698,3359,6899,987
Expenses3,4113,4113,4323,6823,4961,9372,6514,0054,6095,5656,4936,696
Operating Profit612610671830968-3624051,8052,1602,7693,1963,291
OPM %15%15%16%18%22%-23%13%31%32%33%33%33%
Other Income-43448390173325171142181535557577
Interest376324269190341403428236220208221224
Depreciation285299301328404410406416454518605625
Profit before tax-9131184402396-850-2581,2951,6662,5782,9263,019
Tax %99%372%66%39%11%-18%-14%25%28%24%25%
Net Profit-203-46104296364-796-2651,0531,3302,0382,2472,309
EPS in Rs-1.75-0.480.762.172.68-5.45-1.747.068.8513.4014.6415.07
Dividend Payout %-13%-55%47%21%17%-7%-23%14%20%17%22%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%44%19%13%
Compounded Profit Growth25%32%22%13%
Stock Price CAGR20%32%20%-1%
Return on Equity8%12%14%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital819999119119119119142142142142142
Reserves2,1462,4812,4194,0624,2294,2383,5306,9207,8409,31411,01812,910
Borrowings5,0744,5263,3832,4272,3264,5015,5183,8883,1392,7363,0842,837
Other Liabilities2,5822,6912,6982,7062,8402,5842,2682,0522,3912,5413,3714,332
Total Liabilities9,8849,7978,5999,3149,51411,44211,43513,00213,51214,73317,61620,221
Fixed Assets6,2996,7625,8156,1636,4228,0598,4388,4158,8199,31110,91812,210
CWIP306290223197116244165194332256633787
Investments1,5871,5151,2441,5111,3351,4271,4831,9671,8912,2612,2793,606
Other Assets1,6921,2311,3171,4431,6411,7121,3492,4262,4702,9053,7863,617
Total Assets9,8849,7978,5999,3149,51411,44211,43513,00213,51214,73317,61620,221
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity495619535492711823-3196721,6191,9352,1942,471
Cash from Investing Activity-726341848-521-387-497-118-1,641-138-1,208-1,869-1,346
Cash from Financing Activity491-1,196-1,38196-343-2652801,659-1,528-985-547-976
Net Cash Flow260-237167-1962-157689-47-257-222149
Free Cash Flow184253954-13251511-5063871,1911,3021,1331,444
CFO/OP121%116%102%95%110%106%95%152%104%104%100%98%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days262225292624513028262827
Inventory Days85808183739223614384826457
Days Payable273286294330294383807550368364273276
Cash Conversion Cycle-162-184-189-217-195-268-520-376-256-257-180-191
Working Capital Days-66-166-114-69-112-99-555-165-84-61-40-37
ROCE %4%5%5%6%8%7%-6%1%13%15%17%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters38.19%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%
FIIs22.17%23.28%24.47%27.19%27.44%27.78%26.96%27.18%26.14%25.09%23.23%21.71%
DIIs23.13%22.19%20.65%18.29%18.67%18.44%19.05%18.39%19.40%20.66%22.58%24.47%
Government0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.13%0.13%0.13%0.13%0.13%
Public16.38%16.27%16.63%16.26%15.65%15.54%15.74%16.18%16.20%16.00%15.95%15.59%
No. of Shareholders4,83,9614,85,6095,35,2535,56,0195,48,1885,71,5675,96,3836,17,4896,23,9696,33,3616,46,1476,38,645

Fundamentals

Market Cap₹ 1,01,683 Cr.
Current Price₹ 714
Stock P/E52.3
Book Value₹ 91.7
ROCE17.1 %
ROE14.2 %
Dividend Yield0.45 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)13%
Consolidated figures.
Valuation
Market capRs 102,202 Cr
Enterprise valueRs 103,208 Cr
P/E (TTM)47.63x
Price to book7.83x
Price to sales10.23x
EV / EBITDA26.68x
EV / EBIT31.82x
EV / sales10.33x
Price to cash flow41.35x
Earnings yield2.10%
Dividend yield0.45%
P/E, 3-year average54.86x
P/B, 3-year average8.39x
P/E, 5-year average52.64x
P/B, 5-year average7.15x
Profitability
Operating margin (excl. other income)32.98%
Operating margin (incl. other income)38.73%
EBITDA margin38.73%
Pre-tax margin30.23%
Net profit margin21.49%
Net margin, latest quarter15.30%
ROE17.22%
ROCE20.89%
ROA11.02%
ROE, 3-year average16.72%
ROCE, 3-year average19.38%
ROA, 3-year average10.58%
ROE, 5-year average11.77%
ROCE, 5-year average14.74%
ROA, 5-year average7.45%
ROIC (approx.)17.31%
Tax rate24.97%
Other income / net worth4.26%
Growth
Sales growth (latest year)16.25%
Profit growth (latest year)9.27%
Sales CAGR, 3 years18.59%
Sales CAGR, 5 years43.81%
Profit CAGR, 3 years27.63%
Sales growth QoQ-15.41%
Profit growth QoQ-40.34%
Sales growth YoY (latest quarter)14.61%
Profit growth YoY (latest quarter)20.76%
Per share
EPS (TTM)Rs 15.08
EPS (latest year)Rs 14.64
EPS (latest quarter)Rs 2.51
EPS, 3-year averageRs 12.30
EPS, 5-year averageRs 8.44
Book value per shareRs 91.70
Sales per shareRs 70.16
Cash flow per shareRs 17.36
Free cash flow per shareRs 10.14
Dividend per share (latest year)Rs 3.25
Dividend per share, 3-year averageRs 2.42
Dividend per share, 5-year averageRs 1.73
Dividends
Dividend payout22.19%
Dividend payout, 3-year average19.59%
Dividend payout, 5-year average18.23%
Efficiency
Asset turnover0.48x
Fixed asset turnover0.79x
Inventory turnover17.30x
Inventory days21 days
Debtor days27 days
Debtors turnover13.33x
Creditor days276 days
Cash conversion cycle-191 days
Working capital days-37 days
Leverage
Total debtRs 2,837 Cr
Cash and bankRs 1,831 Cr
Net debtRs 1,005 Cr
Debt to equity0.22x
Net debt / EBITDA0.26x
Interest coverage14.49x
Current ratio (filing 2026-03-31)2.49x
Quick ratio (filing 2026-03-31)2.43x
Trade payables (filing 2026-03-31)Rs 720 Cr
Owners' fund to total sources64.55%
Debt to assets14.03%
Cash flow
Cash from Operating Activity (latest year)Rs 2,471 Cr
Cash from Investing Activity (latest year)Rs -1,346 Cr
Cash from Financing Activity (latest year)Rs -976 Cr
Net Cash Flow (latest year)Rs 149 Cr
Free cash flow (latest year)Rs 1,444 Cr
FCFE (approx.: FCF + change in debt)Rs 1,196 Cr
Cash from ops / profit, 5 years1.39x
Sales to cash flow3.92x
Statement figures
Net sales (TTM)Rs 9,987 Cr
Net sales (latest year)Rs 9,689 Cr
Sales (latest quarter)Rs 2,339 Cr
Operating profit excl. other income (latest year)Rs 3,196 Cr
Operating profit (latest quarter)Rs 673 Cr
Other income (TTM)Rs 577 Cr
EBITDA (TTM)Rs 3,868 Cr
PBDT (TTM)Rs 3,644 Cr
Profit before tax (TTM)Rs 3,019 Cr
Tax (latest year)Rs 731 Cr
Net profit (TTM)Rs 2,146 Cr
Net profit (latest year)Rs 2,084 Cr
Net profit (latest quarter)Rs 358 Cr
Depreciation (TTM)Rs 625 Cr
Depreciation (latest quarter)Rs 163 Cr
Interest (TTM)Rs 224 Cr
Cost of goods sold (latest year)Rs 2,591 Cr
Total expenditure (latest year)Rs 6,493 Cr
Total income (latest year)Rs 10,246 Cr
Share capitalRs 142 Cr
ReservesRs 12,910 Cr
Shareholders' fundsRs 13,052 Cr
Total assetsRs 20,221 Cr
Net blockRs 12,210 Cr
Capital work in progressRs 787 Cr
InvestmentsRs 3,606 Cr
ReceivablesRs 727 Cr
InventoryRs 150 Cr
Other liabilitiesRs 4,332 Cr
Shares outstanding (crore)142.34
Ownership
Promoter holding38.12% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 47.6 is at the 19th percentile of its own 6.4-year range (median 62.2, low 30.7, high 221.8).
P/B 7.83 is at the 65th percentile (median 7.00).
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.
PeriodINDHOTELNifty 50Difference
1 week-1.5%-2.8% +1.3 pts
1 month+0.0%-6.8% +6.8 pts
3 months-1.5%-7.6% +6.2 pts
6 months+25.8%+0.4% +25.3 pts
1 year-1.9%-9.9% +8.0 pts
2 years+0.4%-13.6% +14.0 pts
3 years+74.7%+14.2% +60.5 pts
5 years+290.0%+27.9% +262.1 pts
228 mutual fund schemes hold about ₹14,253 Cr. Over three months 85 bought more and 35 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Canara Rob Large and Mid Cap Fund5.45%1,436 +1%
HDFC Mid Cap Fund0.96%1,041 -2%
Axis Midcap Fund2.28%785 +6%
Nippon India Growth Mid Cap Fund1.10%575 -1%
Axis Large Cap Fund1.79%562 +10%
Nippon India Large Cap Fund1.02%551 +3%
Axis ELSS-Tax Saver Fund1.58%517 +2%
Nippon India Multi Cap Fund0.77%432 -34%
Franklin India Focused Equity Fund2.76%317 +129%
Mirae Asset Large Cap Fund0.80%310 -9%
SBI Arbitrage Fund0.65%307 +49%
Nippon India Small Cap Fund0.35%293 -0%
ICICI Pru Arbitrage Fund0.84%293 +55%
360 ONE Focused Fund4.06%276 +8%
Edelweiss Mid Cap Fund1.38%274 +34%
Kotak Arbitrage Fund(M0.35%262 -53%
ICICI Pru Nifty Next 50 Index Fund2.55%258 +1%
Canara Rob Large Cap Fund1.44%245 +2%
HDFC Large & Mid Cap Fund0.81%245 +1%
Nippon India ELSS Tax Saver Fund1.54%227 +6%
ICICI Pru Balanced Advantage Fund(M0.29%220 -38%
Axis Flexi Cap Fund1.51%211 +0%
Canara Rob Flexi Cap Fund1.53%209 +2%
Axis Flexi Cap Fund1.51%204 +0%
Canara Rob Small Cap Fund1.37%200 -0%

Red flags

F-score 6 of 8
lookRegulator order or action Regulator order or action 2026-08-12: The Indian Hotels Company Limited has informed the Exchange about Action(s) taken or orders passed
lookAuditor change Auditor change 2026-05-11: The Indian Hotels Company Limited has informed the Exchange regarding Change in Auditors of the company.
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
2023-12-16Tata Investment Corporation LimitePromoter Groupother132,401Rs 5.30 CrPreferential Offer
2021-12-15Oriental Hotels LimitedPromoter Groupother83,599Rs 1.25 CrPublic Right
2021-12-15Tata Chemicals LimitedPromoter Groupother1,187,705Rs 17.82 CrPublic Right
2021-12-15Tata Investment Corporation LimitePromoter Groupother1,785,726Rs 26.79 CrPublic Right
2021-12-15Tata Industries LimitedPromoter Groupother73,919Rs 1.11 CrPublic Right
2021-12-15TATA SONS PRIVATE LIMITEDPromotersother54,650,182Rs 820.96 CrPublic Right
2021-12-15Mr. N. ChandrasekaranDirectorother11,111Rs 0.17 CrPublic Right
2020-03-16Mr. N. ChandrasekaranDirectorbuy86,513Rs 0.94 CrMarket Purchase
2020-03-16Mr. N. ChandrasekaranDirectorbuy13,487Rs 0.14 CrMarket Purchase
2020-03-13TATA SONS PRIVATE LIMITEDPromotersbuy3,218,425Rs 35.45 CrMarket Purchase
2020-03-12TATA SONS PRIVATE LIMITEDPromotersbuy16,566,846Rs 177.93 CrMarket Purchase
2018-03-15TATA SONS LIMITEDPromotersother78,972,460Rs 1029.80 CrInter-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 ₹2,339 Cr +14.6% vs Jun 2025. Net profit ₹391 Cr +18.8%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
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 %
EIH Associated Hotels Ltd1,78019.821.2 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-06-23Dividend - Rs 3.25 Per Share
2025-06-30Dividend - Rs 2.25 Per Sh
2024-06-07Dividend - Rs 1.75 Per Share
2023-06-09Annual General Meeting/Dividend - Re 1 Per Share
2022-06-22Dividend - Rs 0.40 Per Share
2021-11-11 Rights 1:9 @ Premium Rs 149/-
2021-06-14 Annual General Meeting/Dividend - Rs 0.40 Per Share
2020-07-17 Annual General Meeting/Dividend - Rs 0.50 Per Share
2019-06-12 Annual General Meeting/Dividend Rs 0.50 Per Share
2018-07-11 Annual General Meeting/Dividend Re- 0.40 Per Share
2017-10-04 Rights 1:5 @ Premium Rs 74/-
2017-08-11 Annual General Meeting/Dividend - Re 0.35 Per Share
2016-08-12 Annual General Meeting/ Dividend - Re 0.30/- Per Share
2015-08-06Annual General Meeting
2014-08-21Annual General Meeting
2014-07-189 Ccds For Every 40 Equity Shares
2013-07-17Annual General Meeting/Dividend Re 0.80/- Per Share
2012-07-18Annual General Meeting/Dividend Re.1/- Per Share
2011-07-20Annual General Meeting And Dividend Re.1/- Per Share
2010-07-23Dividend-Re.1/- Per Share
2009-07-17Dividend-Re.1.20 Pr Share
2008-08-07Annual General Meeting
2008-04-22Interim Dividend - 190% Purpose Revised
2008-02-21Rhts-Eq1:5&1ncd/Wrnt:10eq
2007-07-18Dividend-160%
2006-10-27Fv Split Rs.10/- To Re.1/0.1000
2006-07-14Dividend-130%
DateTypeWhat it says
2026-09-16Concall / analyst meetSchedule of meet
2026-08-27Concall / analyst meetSchedule of meet
2026-08-24Investor PresentationInvestor Presentation
2026-08-24Press ReleaseA press release dated August 24, 2026, titled IHCL and Oriental Hotels Limited announce Merger".
2026-08-24Amalgamation/MergerScheme of Arrangement between Oriental Hotels Limited and The Indian Hotels Company Limited and their respective shareholders
2026-08-12Regulatory actionAction(s) taken or orders passed
2026-08-05Concall / analyst meetSchedule of meet
2026-07-28General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Rating
2026-07-27Concall / analyst meetTranscript
2026-07-21Concall / analyst meetLink of Recording
2026-07-21Investor PresentationInvestor Presentation
2026-07-21Press ReleaseA press release dated July 21, 2026, titled "The Indian Hotels Company Limited has informed the Exchange regarding a press release dated July 21, 2026...
2026-07-21Board meeting outcomeThe Indian Hotels Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-15Concall / analyst meetSchedule of meet
2026-07-07Press ReleaseA press release dated July 07, 2026, titled "IHCL CLOCKS 20 SIGNINGS AND 11 HOTEL OPENINGS IN Q1 FY2027 REACHES A PORTFOLIO OF 645 HOTELS WITH OVER 66...
2026-06-30Shareholder meetingProceedings of Annual General Meeting held on Jun 30, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with vo...
2026-06-16Concall / analyst meetSchedule of meet
2026-06-08Concall / analyst meetSchedule of meet
2026-06-05UpdatesLetters to the Shareholders whose e-mail addresses are not registered with Company/RTA/DPs.
2026-06-04UpdatesBusiness Responsibility and Sustainability Reporting for FY 2025-26.
2026-06-04Shareholder meetingNotice of Annual General Meeting to be held on Jun 30, 2026
2026-05-26Concall / analyst meetSchedule of meet
2026-05-21Record DateRecord date for the purpose of Dividend is 23-Jun-2026.
2026-05-19General UpdatesCommunication to Shareholders - Intimation on Tax Deduction on Dividend.
2026-05-18Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.69
Max pain (expiry 2026-10-27)730
Largest call open interest at750
Largest put open interest at720
Implied volatility, at the money23.2%
Underlying at snapshot718.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-303,321
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Indian Hotels Co Ltd?

Indian Hotels Co Ltd (INDHOTEL) has a market capitalisation of Rs 1,01,683 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indian Hotels Co Ltd?

Indian Hotels Co Ltd trades at a P/E of 52.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indian Hotels Co Ltd's latest quarterly results?

In the Jun 2026 quarter, Indian Hotels Co Ltd sales was Rs 2,339 Cr (+14.6% vs Jun 2025) and net profit was Rs 391 Cr.

What is the 52-week high and low of Indian Hotels Co Ltd?

The 52-week high is Rs 757.40 and the 52-week low is Rs 565.00.

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