Lemon Tree Hotels Ltd (LEMONTREE) share price, results, shareholding

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 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	227	290	327	268	284	355	379	316	306	406	416	345
Expenses	125	149	156	153	154	171	175	176	176	201	202	195
Operating Profit	102	141	171	115	131	184	203	140	131	205	215	149
OPM %	45%	49%	52%	43%	46%	52%	54%	44%	43%	50%	52%	43%
Other Income	3	1	4	0	1	1	1	2	2	-30	1	2
Interest	47	53	53	52	51	50	47	45	42	41	39	36
Depreciation	23	33	33	35	35	35	35	34	34	35	35	36
Profit before tax	35	56	89	29	45	100	122	63	56	99	142	79
Tax %	25%	21%	6%	31%	23%	20%	12%	23%	25%	17%	18%	28%
Net Profit	26	44	84	20	35	80	108	48	42	82	116	57
EPS in Rs	0.29	0.45	0.85	0.25	0.37	0.79	1.07	0.48	0.44	0.79	1.15	0.58

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	368	412	484	550	669	252	402	875	1,071	1,286	1,444	1,473
Expenses	268	295	348	381	429	194	283	427	548	652	754	774
Operating Profit	100	117	136	169	241	57	119	448	523	634	690	699
OPM %	27%	28%	28%	31%	36%	23%	30%	51%	49%	49%	48%	47%
Other Income	5	12	13	15	11	22	22	10	13	13	-13	-25
Interest	72	78	78	85	162	190	181	182	208	211	180	159
Depreciation	52	51	53	54	92	108	104	97	112	139	139	141
Profit before tax	-19	-0	18	45	-2	-219	-145	178	216	296	359	375
Tax %	35%	1,452%	21%	-25%	499%	-15%	-5%	21%	16%	18%	20%
Net Profit	-26	-5	15	56	-13	-187	-137	141	182	243	288	298
EPS in Rs	-0.35	-0.08	0.18	0.67	-0.12	-1.60	-1.10	1.45	1.87	2.48	2.87	2.96
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	15%	42%	18%	10%
Compounded Profit Growth	27%	31%	29%	19%
Stock Price CAGR	%	18%	-3%		-37%
Return on Equity	6%	12%	18%			19%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	776	778	781	786	789	790	790	791	792	792	792	792
Reserves	34	30	27	28	86	199	127	40	62	175	372	600
Borrowings	571	625	799	1,011	1,196	2,017	2,159	2,128	2,177	2,336	2,148	2,004
Other Liabilities	515	572	604	632	701	756	738	674	698	725	763	869
Total Liabilities	1,896	2,004	2,212	2,458	2,772	3,763	3,815	3,633	3,729	4,028	4,075	4,265
Fixed Assets	1,236	1,231	1,418	1,460	1,604	3,307	3,194	3,051	2,957	3,641	3,556	3,563
CWIP	167	259	351	559	664	190	242	297	482	25	59	108
Investments	31	6	6	15	35	14	6	10	6	13	45	73
Other Assets	462	508	436	425	469	252	374	276	284	348	415	520
Total Assets	1,896	2,004	2,212	2,458	2,772	3,763	3,815	3,633	3,729	4,028	4,075	4,265

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-51	68	122	115	187	151	41	135	385	465	542	542
Cash from Investing Activity	-150	-103	-229	-260	-289	-598	-66	-45	-283	-397	-127	-169
Cash from Financing Activity	159	18	111	149	113	457	111	-163	-132	-59	-392	-370
Net Cash Flow	-42	-16	4	3	10	9	87	-73	-31	10	22	3
Free Cash Flow	-213	-64	-108	-128	-93	-482	-23	69	223	134	448	406
CFO/OP	-74%	80%	108%	86%	119%	63%	55%	115%	91%	96%	93%	85%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	23	24	28	40	56	27	45	26	23	24	22	29
Inventory Days	62	62	57	49	48	57	154	112
Days Payable	429	599	692	739	768	584	1,648	807
Cash Conversion Cycle	-344	-513	-608	-650	-664	-500	-1,450	-668	23	24	22	29
Working Capital Days	-61	-169	-173	-108	-103	-109	-302	-166	-110	-73	-48	-22
ROCE %		3%	4%	5%	5%	5%	-1%	1%	10%	11%	13%	14%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	23.28%	23.21%	22.87%	22.80%	22.77%	22.77%	22.34%	22.28%	22.28%	22.28%	22.32%	22.32%
FIIs	24.82%	22.82%	27.09%	27.61%	21.75%	20.01%	20.89%	21.33%	21.45%	21.50%	21.59%	19.44%
DIIs	13.41%	15.00%	15.35%	15.20%	18.91%	20.80%	19.68%	19.98%	19.71%	19.45%	15.67%	14.35%
Public	38.41%	38.90%	34.62%	34.34%	36.51%	36.37%	37.02%	36.36%	36.51%	36.71%	40.36%	43.83%
Others	0.07%	0.07%	0.06%	0.06%	0.06%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
No. of Shareholders	2,81,003	2,98,123	3,25,800	3,30,910	3,57,968	3,55,134	3,67,528	3,64,251	3,68,811	3,68,933	3,99,213	4,22,447

Fundamentals

Market Cap₹ 8,253 Cr.

Current Price₹ 104

Stock P/E32.2

Book Value₹ 17.6

ROCE14.1 %

ROE19.2 %

Dividend Yield0.00 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)10%

Compounded Profit Growth (TTM)19%

Consolidated figures.

Valuation

Market capRs 8,526 Cr

Enterprise valueRs 10,432 Cr

P/E (TTM)36.31x

Price to book6.13x

Price to sales5.79x

EV / EBITDA15.46x

EV / EBIT19.53x

EV / sales7.08x

Price to cash flow15.74x

Earnings yield2.75%

P/E, 3-year average52.12x

P/B, 3-year average8.38x

P/E, 5-year average52.43x

P/B, 5-year average7.67x

Profitability

Operating margin (excl. other income)47.78%

Operating margin (incl. other income)46.90%

EBITDA margin45.81%

Pre-tax margin25.48%

Net profit margin15.94%

Net margin, latest quarter13.36%

ROE17.77%

ROCE16.06%

ROA5.45%

ROE, 3-year average17.51%

ROCE, 3-year average14.94%

ROA, 3-year average4.71%

ROE, 5-year average11.23%

ROCE, 5-year average11.61%

ROA, 5-year average2.98%

ROIC (approx.)13.01%

Tax rate19.72%

Other income / net worth-0.92%

Growth

Sales growth (latest year)12.32%

Profit growth (latest year)15.53%

Sales CAGR, 3 years18.19%

Sales CAGR, 5 years41.83%

Profit CAGR, 3 years25.62%

Sales growth QoQ-17.24%

Profit growth QoQ-49.69%

Sales growth YoY (latest quarter)9.13%

Profit growth YoY (latest quarter)20.09%

Per share

EPS (TTM)Rs 2.97

EPS (latest year)Rs 2.87

EPS (latest quarter)Rs 0.58

EPS, 3-year averageRs 2.41

EPS, 5-year averageRs 1.51

Book value per shareRs 17.58

Sales per shareRs 18.61

Cash flow per shareRs 6.84

Free cash flow per shareRs 5.13

Efficiency

Asset turnover0.34x

Fixed asset turnover0.41x

Inventory turnover23.14x

Inventory days16 days

Debtor days29 days

Debtors turnover12.43x

Creditor days807 days

Cash conversion cycle29 days

Working capital days-22 days

Leverage

Total debtRs 2,004 Cr

Cash and bankRs 98 Cr

Net debtRs 1,906 Cr

Debt to equity1.44x

Net debt / EBITDA2.82x

Interest coverage3.36x

Current ratio (filing 2026-03-31)1.21x

Quick ratio (filing 2026-03-31)1.18x

Trade payables (filing 2026-03-31)Rs 67 Cr

Owners' fund to total sources32.64%

Debt to assets46.98%

Cash flow

Cash from Operating Activity (latest year)Rs 542 Cr

Cash from Investing Activity (latest year)Rs -169 Cr

Cash from Financing Activity (latest year)Rs -370 Cr

Net Cash Flow (latest year)Rs 3 Cr

Free cash flow (latest year)Rs 406 Cr

FCFE (approx.: FCF + change in debt)Rs 262 Cr

Cash from ops / profit, 5 years2.89x

Sales to cash flow2.67x

Statement figures

Net sales (TTM)Rs 1,473 Cr

Net sales (latest year)Rs 1,444 Cr

Sales (latest quarter)Rs 345 Cr

Operating profit excl. other income (latest year)Rs 690 Cr

Operating profit (latest quarter)Rs 149 Cr

Other income (TTM)Rs -25 Cr

EBITDA (TTM)Rs 675 Cr

PBDT (TTM)Rs 516 Cr

Profit before tax (TTM)Rs 375 Cr

Tax (latest year)Rs 71 Cr

Net profit (TTM)Rs 235 Cr

Net profit (latest year)Rs 227 Cr

Net profit (latest quarter)Rs 46 Cr

Depreciation (TTM)Rs 141 Cr

Depreciation (latest quarter)Rs 36 Cr

Interest (TTM)Rs 159 Cr

Cost of goods sold (latest year)Rs 320 Cr

Total expenditure (latest year)Rs 754 Cr

Total income (latest year)Rs 1,432 Cr

Share capitalRs 792 Cr

ReservesRs 600 Cr

Shareholders' fundsRs 1,392 Cr

Total assetsRs 4,265 Cr

Net blockRs 3,563 Cr

Capital work in progressRs 108 Cr

InvestmentsRs 73 Cr

ReceivablesRs 116 Cr

InventoryRs 14 Cr

Other liabilitiesRs 869 Cr

Shares outstanding (crore)79.18

Ownership

Promoter holding22.32% (+0.04 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/E 36.3 is at the 11th percentile of its own 4.7-year range (median 65.0, low 26.4, high 390.1).

P/B 6.13 is at the 38th percentile (median 7.29).

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.

Period	LEMONTREE	Nifty 50	Difference
1 week	+0.9%	-2.8%	+3.7 pts
1 month	+1.4%	-6.8%	+8.2 pts
3 months	-9.5%	-7.6%	-1.9 pts
6 months	+7.2%	+0.4%	+6.8 pts
1 year	-36.5%	-9.9%	-26.6 pts
2 years	-14.4%	-13.6%	-0.8 pts
3 years	-5.3%	+14.2%	-19.5 pts
5 years	+136.1%	+27.9%	+108.2 pts

68 mutual fund schemes hold about ₹1,152 Cr. Over three months 8 bought more and 20 sold (share counts, price move removed).

Fund	Weight	Est. Cr	3m shares
Nippon India Small Cap Fund	0.25%	203	+40%
Franklin India Small Cap Fund	1.04%	154	-2%
SBI Small Cap Fund	0.33%	139	-5%
HSBC Small Cap Fund	0.65%	123	-6%
Franklin India Opportunities Fund	0.98%	96	-5%
Franklin India Flexi Cap Fund	0.42%	82	+0%
SBI ESG Exclusionary Strategy Fund	0.99%	53	+581%
SBI Large & Midcap Fund	0.11%	45	-3%
Franklin India ELSS Tax Saver Fund	0.56%	35	-0%
HSBC ELSS Tax saver Fund	0.82%	35	-3%
HSBC Multi Cap Fund	0.52%	31	-8%
HSBC Consumption Fund	1.54%	28	-6%
SBI Consumption Opp Fund	0.94%	27	+73%
WOC Flexi Cap Fund	0.22%	20	-10%
WOC Mid Cap Fund	0.15%	11	-17%
Nippon India Nifty Smallcap 250 Index Fund	0.24%	8	-3%
WOC Multi Cap Fund	0.20%	8	-12%
Tata Nifty India Tourism Index Fund	2.41%	6	+5%
SBI LT Advantage Fund-IV-	2.82%	6	+188%
SBI LT Advantage Fund-VI-	1.82%	5	+146%
SBI Nifty Smallcap 250 Index Fund	0.24%	4	-3%
ITI ELSS Tax Saver Fund	0.91%	4	-2%
Motilal Oswal Nifty Smallcap 250 Index Fund	0.24%	3	-3%
Quantum Small Cap Fund	1.21%	3	-8%
ITI Bharat Consumption Fund	0.74%	3	-3%

Red flags

F-score 7 of 8

No red flags in the latest statements and filings.

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 ₹345 Cr +9.2% vs Jun 2025. Net profit ₹57 Cr +18.8%.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2024-09-19	Annual General Meeting

Date	Type	What it says
2026-09-30	Press Release	A press release dated September 30, 2026, titled "Opening of Keys Prima by Lemon Tree Hotels, Darjeeling.".

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 date	Forum	Case
2019-03-08	CESTAT	LEMON TREE HOTEL ---VS.--- INDORE
2019-02-06	CESTAT	LEMON TREE HOTEL ---VS.--- INDORE

Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.

Not on any NSE surveillance list in the latest file.