Lemon Tree Hotels Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: July 4, 2025, 11:48 am

Market Cap	10,941 Cr.
Current Price	138
High / Low	162/111
Stock P/E	55.7
Book Value	14.7
Dividend Yield	0.00 %
ROCE	12.7 %
ROE	18.4 %
Face Value	10.0
PEG Ratio	1.45

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Lemon Tree Hotels Ltd

Competitors of Lemon Tree Hotels Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Howard Hotels Ltd	24.6 Cr.	27.0	33.5/20.7	57.2	12.6	0.00 %	6.34 %	3.82 %	10.0
HS India Ltd	22.8 Cr.	14.0	19.8/11.2	16.2	19.6	0.00 %	7.04 %	4.51 %	10.0
Gujarat Hotels Ltd	103 Cr.	272	375/201	19.4	128	0.92 %	15.0 %	11.4 %	10.0
Graviss Hospitality Ltd	318 Cr.	45.1	78.0/38.4	33.9	27.3	0.00 %	1.49 %	5.00 %	2.00
Goel Food Products Ltd	36.2 Cr.	19.2	78.0/13.2	7.16	11.8	2.60 %	17.8 %	22.8 %	10.0
Industry Average	9,622.88 Cr	520.83		395.51	99.01	0.34%	15.77%	10.52%	6.81

All Competitor Stocks of Lemon Tree Hotels Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	120	192	197	234	253	224	227	290	327	268	284	355	379
Expenses	98	104	103	107	113	118	125	149	156	153	154	171	175
Operating Profit	22	88	94	126	140	106	102	141	171	115	131	184	203
OPM %	18%	46%	48%	54%	55%	47%	45%	49%	52%	43%	46%	52%	54%
Other Income	8	1	1	1	2	1	3	1	4	0	1	1	1
Interest	42	43	45	44	45	48	47	53	53	52	51	50	47
Depreciation	27	24	25	24	24	23	23	33	33	35	35	35	35
Profit before tax	-39	21	25	59	73	36	35	56	89	29	45	100	122
Tax %	-1%	34%	22%	18%	20%	24%	25%	21%	6%	31%	23%	20%	12%
Net Profit	-39	14	19	49	59	28	26	44	84	20	35	80	108
EPS in Rs	-0.31	0.17	0.21	0.50	0.56	0.30	0.29	0.45	0.85	0.25	0.37	0.79	1.07

Last Updated: May 31, 2025, 8:36 am

Below is a detailed analysis of the quarterly data for Lemon Tree Hotels Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 379.00 Cr.. The value appears strong and on an upward trend. It has increased from 355.00 Cr. (Dec 2024) to 379.00 Cr., marking an increase of 24.00 Cr..
For Expenses, as of Mar 2025, the value is 175.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 171.00 Cr. (Dec 2024) to 175.00 Cr., marking an increase of 4.00 Cr..
For Operating Profit, as of Mar 2025, the value is 203.00 Cr.. The value appears strong and on an upward trend. It has increased from 184.00 Cr. (Dec 2024) to 203.00 Cr., marking an increase of 19.00 Cr..
For OPM %, as of Mar 2025, the value is 54.00%. The value appears strong and on an upward trend. It has increased from 52.00% (Dec 2024) to 54.00%, marking an increase of 2.00%.
For Other Income, as of Mar 2025, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 1.00 Cr..
For Interest, as of Mar 2025, the value is 47.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 50.00 Cr. (Dec 2024) to 47.00 Cr., marking a decrease of 3.00 Cr..
For Depreciation, as of Mar 2025, the value is 35.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 35.00 Cr..
For Profit before tax, as of Mar 2025, the value is 122.00 Cr.. The value appears strong and on an upward trend. It has increased from 100.00 Cr. (Dec 2024) to 122.00 Cr., marking an increase of 22.00 Cr..
For Tax %, as of Mar 2025, the value is 12.00%. The value appears to be improving (decreasing) as expected. It has decreased from 20.00% (Dec 2024) to 12.00%, marking a decrease of 8.00%.
For Net Profit, as of Mar 2025, the value is 108.00 Cr.. The value appears strong and on an upward trend. It has increased from 80.00 Cr. (Dec 2024) to 108.00 Cr., marking an increase of 28.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 1.07. The value appears strong and on an upward trend. It has increased from 0.79 (Dec 2024) to 1.07, marking an increase of 0.28.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 4:56 pm

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	290	368	412	484	550	669	252	402	875	1,071	1,286
Expenses	239	268	295	348	381	429	194	283	427	548	652
Operating Profit	51	100	117	136	169	241	57	119	448	523	634
OPM %	18%	27%	28%	28%	31%	36%	23%	30%	51%	49%	49%
Other Income	13	5	12	13	15	11	22	22	10	13	2
Interest	72	72	78	78	85	162	190	181	182	208	201
Depreciation	52	52	51	53	54	92	108	104	97	112	139
Profit before tax	-60	-19	-0	18	45	-2	-219	-145	178	216	296
Tax %	5%	35%	1,452%	21%	-25%	499%	-15%	-5%	21%	16%	18%
Net Profit	-63	-26	-5	15	56	-13	-187	-137	141	182	243
EPS in Rs	-0.81	-0.35	-0.08	0.18	0.67	-0.12	-1.60	-1.10	1.45	1.87	2.48
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	58.73%	80.77%	400.00%	273.33%	-123.21%	-1338.46%	26.74%	202.92%	29.08%	33.52%
Change in YoY Net Profit Growth (%)	0.00%	22.04%	319.23%	-126.67%	-396.55%	-1215.25%	1365.20%	176.18%	-173.84%	4.44%

Lemon Tree Hotels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	16%
5 Years:	14%
3 Years:	47%
TTM:	20%

Compounded Profit Growth
10 Years:	18%
5 Years:	207%
3 Years:	62%
TTM:	32%

Stock Price CAGR
10 Years:	%
5 Years:	42%
3 Years:	29%
1 Year:	-5%

Return on Equity
10 Years:	3%
5 Years:	5%
3 Years:	16%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 11:48 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	776	778	781	786	789	790	790	791	792	792	792
Reserves	34	30	27	28	86	199	127	40	62	175	372
Borrowings	571	625	799	1,011	1,196	2,017	2,159	2,128	2,177	2,336	2,148
Other Liabilities	515	572	604	632	701	756	738	674	698	725	771
Total Liabilities	1,896	2,004	2,212	2,458	2,772	3,763	3,815	3,633	3,729	4,028	4,082
Fixed Assets	1,236	1,231	1,418	1,460	1,604	3,307	3,194	3,051	2,957	3,641	3,569
CWIP	167	259	351	559	664	190	242	297	482	25	45
Investments	31	6	6	15	35	14	6	10	6	13	45
Other Assets	462	508	436	425	469	252	374	276	284	348	422
Total Assets	1,896	2,004	2,212	2,458	2,772	3,763	3,815	3,633	3,729	4,028	4,082

Below is a detailed analysis of the balance sheet data for Lemon Tree Hotels Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 792.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 792.00 Cr..
For Reserves, as of Mar 2025, the value is 372.00 Cr.. The value appears strong and on an upward trend. It has increased from 175.00 Cr. (Mar 2024) to 372.00 Cr., marking an increase of 197.00 Cr..
For Borrowings, as of Mar 2025, the value is 2,148.00 Cr.. The value appears to be improving (decreasing). However, Borrowings exceed Reserves, which may signal higher financial risk. It has decreased from 2,336.00 Cr. (Mar 2024) to 2,148.00 Cr., marking a decrease of 188.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 771.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 725.00 Cr. (Mar 2024) to 771.00 Cr., marking an increase of 46.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 4,082.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,028.00 Cr. (Mar 2024) to 4,082.00 Cr., marking an increase of 54.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 3,569.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,641.00 Cr. (Mar 2024) to 3,569.00 Cr., marking a decrease of 72.00 Cr..
For CWIP, as of Mar 2025, the value is 45.00 Cr.. The value appears strong and on an upward trend. It has increased from 25.00 Cr. (Mar 2024) to 45.00 Cr., marking an increase of 20.00 Cr..
For Investments, as of Mar 2025, the value is 45.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Mar 2024) to 45.00 Cr., marking an increase of 32.00 Cr..
For Other Assets, as of Mar 2025, the value is 422.00 Cr.. The value appears strong and on an upward trend. It has increased from 348.00 Cr. (Mar 2024) to 422.00 Cr., marking an increase of 74.00 Cr..
For Total Assets, as of Mar 2025, the value is 4,082.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,028.00 Cr. (Mar 2024) to 4,082.00 Cr., marking an increase of 54.00 Cr..

However, the Borrowings (2,148.00 Cr.) are higher than the Reserves (₹372.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	-51	68	122	115	187	151	41	135	385	465	542
Cash from Investing Activity +	-150	-103	-229	-260	-289	-598	-66	-45	-283	-397	-127
Cash from Financing Activity +	159	18	111	149	113	457	111	-163	-132	-59	-392
Net Cash Flow	-42	-16	4	3	10	9	87	-73	-31	10	22

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-520.00	-525.00	-682.00	135.00	168.00	239.00	55.00	117.00	446.00	521.00	632.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	23	24	28	40	56	27	45	26	23	24
Inventory Days	62	62	57	49	48	57	154	112	82	80
Days Payable	429	599	692	739	768	584	1,648	807	521	499
Cash Conversion Cycle	-344	-513	-608	-650	-664	-500	-1,450	-668	-415	-394
Working Capital Days	-61	-100	-113	-81	-102	-77	-42	-30	-12	3
ROCE %		3%	4%	5%	5%	5%	-1%	1%	10%	11%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	25.88%	25.88%	23.95%	23.93%	23.61%	23.62%	23.62%	23.60%	23.28%	23.21%	22.87%	22.80%
FIIs	20.11%	22.81%	28.72%	27.90%	27.46%	26.81%	24.47%	25.48%	24.82%	22.82%	27.09%	27.61%
DIIs	14.09%	13.47%	12.16%	11.42%	10.73%	10.14%	10.64%	10.38%	13.41%	15.00%	15.35%	15.20%
Public	39.71%	37.63%	34.99%	36.63%	38.11%	39.35%	41.20%	40.46%	38.41%	38.90%	34.62%	34.34%
Others	0.21%	0.21%	0.18%	0.12%	0.10%	0.09%	0.08%	0.08%	0.07%	0.07%	0.06%	0.06%
No. of Shareholders	1,47,976	1,83,512	1,72,459	1,84,935	1,95,818	2,24,156	2,44,336	2,58,070	2,81,003	2,98,123	3,25,800	3,30,910

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Small Cap Fund	50,000,000	2.34	720.8	50,000,000	2025-04-22 14:12:25	0%
Nippon India Small Cap Fund	13,032,739	0.33	187.88	13,032,739	2025-04-22 15:56:56	0%
Franklin India Smaller Companies Fund	12,988,074	1.34	187.24	12,988,074	2025-04-22 15:56:56	0%
HSBC Small Cap Fund - Regular Plan	8,870,800	0.78	127.88	8,870,800	2025-04-22 15:56:56	0%
SBI Large & Midcap Fund	8,000,000	0.45	115.33	8,000,000	2025-04-22 15:56:56	0%
HSBC ELSS Tax saver Fund	2,173,600	0.74	31.33	2,173,600	2025-04-22 15:56:56	0%
Bank of India Small Cap Fund	980,000	1.14	14.13	980,000	2025-04-22 15:56:56	0%
WhiteOak Capital Flexi Cap Fund	944,148	0.38	13.61	944,148	2025-04-22 15:56:56	0%
Bank of India Flexi Cap Fund	740,000	0.73	10.67	740,000	2025-04-22 15:56:56	0%
Franklin India Equity Hybrid Fund	710,000	0.54	10.24	710,000	2025-04-22 15:56:56	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.88	1.45	-1.11	-1.61	-0.12
Diluted EPS (Rs.)	1.88	1.45	-1.11	-1.61	-0.12
Cash EPS (Rs.)	3.70	2.98	-0.43	-0.94	0.97
Book Value[Excl.RevalReserv]/Share (Rs.)	19.53	17.86	17.69	19.42	19.55
Book Value[Incl.RevalReserv]/Share (Rs.)	19.53	17.86	17.69	19.42	19.55
Revenue From Operations / Share (Rs.)	13.53	11.05	5.09	3.18	8.47
PBDIT / Share (Rs.)	6.68	5.70	1.68	0.94	3.09
PBIT / Share (Rs.)	5.26	4.48	0.35	-0.41	1.99
PBT / Share (Rs.)	2.72	2.24	-1.84	-2.72	0.01
Net Profit / Share (Rs.)	2.29	1.76	-1.75	-2.31	-0.13
NP After MI And SOA / Share (Rs.)	1.88	1.45	-1.11	-1.61	-0.12
PBDIT Margin (%)	49.37	51.55	32.98	29.60	36.46
PBIT Margin (%)	38.90	40.51	7.04	-13.11	23.44
PBT Margin (%)	20.08	20.27	-36.20	-85.31	0.07
Net Profit Margin (%)	16.89	15.96	-34.40	-72.51	-1.55
NP After MI And SOA Margin (%)	13.86	13.09	-21.73	-50.47	-1.42
Return on Networth / Equity (%)	15.35	13.41	-10.51	-13.84	-1.15
Return on Capital Employeed (%)	11.34	10.54	0.83	-0.93	4.53
Return On Assets (%)	3.68	3.06	-2.40	-3.33	-0.25
Long Term Debt / Equity (X)	1.73	1.78	1.87	1.65	1.76
Total Debt / Equity (X)	1.95	2.04	2.04	1.71	1.84
Asset Turnover Ratio (%)	0.27	0.11	0.04	0.02	0.12
Current Ratio (X)	0.57	0.36	0.51	0.77	0.52
Quick Ratio (X)	0.53	0.33	0.48	0.75	0.49
Interest Coverage Ratio (X)	2.62	2.55	0.76	0.41	1.56
Interest Coverage Ratio (Post Tax) (X)	1.90	1.79	0.20	0.00	0.93
Enterprise Value (Cr.)	12768.29	8395.48	7233.66	4981.78	3930.11
EV / Net Operating Revenue (X)	11.92	9.59	17.98	19.79	5.87
EV / EBITDA (X)	24.14	18.61	54.51	66.84	16.10
MarketCap / Net Operating Revenue (X)	9.67	6.99	12.48	11.65	2.60
Price / BV (X)	10.71	7.17	6.04	3.20	2.11
Price / Net Operating Revenue (X)	9.67	6.99	12.49	11.65	2.60
EarningsYield	0.01	0.01	-0.01	-0.04	-0.01

After reviewing the key financial ratios for Lemon Tree Hotels Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 1.88. This value is below the healthy minimum of 5. It has increased from 1.45 (Mar 23) to 1.88, marking an increase of 0.43.
For Diluted EPS (Rs.), as of Mar 24, the value is 1.88. This value is below the healthy minimum of 5. It has increased from 1.45 (Mar 23) to 1.88, marking an increase of 0.43.
For Cash EPS (Rs.), as of Mar 24, the value is 3.70. This value is within the healthy range. It has increased from 2.98 (Mar 23) to 3.70, marking an increase of 0.72.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 19.53. It has increased from 17.86 (Mar 23) to 19.53, marking an increase of 1.67.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 19.53. It has increased from 17.86 (Mar 23) to 19.53, marking an increase of 1.67.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 13.53. It has increased from 11.05 (Mar 23) to 13.53, marking an increase of 2.48.
For PBDIT / Share (Rs.), as of Mar 24, the value is 6.68. This value is within the healthy range. It has increased from 5.70 (Mar 23) to 6.68, marking an increase of 0.98.
For PBIT / Share (Rs.), as of Mar 24, the value is 5.26. This value is within the healthy range. It has increased from 4.48 (Mar 23) to 5.26, marking an increase of 0.78.
For PBT / Share (Rs.), as of Mar 24, the value is 2.72. This value is within the healthy range. It has increased from 2.24 (Mar 23) to 2.72, marking an increase of 0.48.
For Net Profit / Share (Rs.), as of Mar 24, the value is 2.29. This value is within the healthy range. It has increased from 1.76 (Mar 23) to 2.29, marking an increase of 0.53.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 1.88. This value is below the healthy minimum of 2. It has increased from 1.45 (Mar 23) to 1.88, marking an increase of 0.43.
For PBDIT Margin (%), as of Mar 24, the value is 49.37. This value is within the healthy range. It has decreased from 51.55 (Mar 23) to 49.37, marking a decrease of 2.18.
For PBIT Margin (%), as of Mar 24, the value is 38.90. This value exceeds the healthy maximum of 20. It has decreased from 40.51 (Mar 23) to 38.90, marking a decrease of 1.61.
For PBT Margin (%), as of Mar 24, the value is 20.08. This value is within the healthy range. It has decreased from 20.27 (Mar 23) to 20.08, marking a decrease of 0.19.
For Net Profit Margin (%), as of Mar 24, the value is 16.89. This value exceeds the healthy maximum of 10. It has increased from 15.96 (Mar 23) to 16.89, marking an increase of 0.93.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 13.86. This value is within the healthy range. It has increased from 13.09 (Mar 23) to 13.86, marking an increase of 0.77.
For Return on Networth / Equity (%), as of Mar 24, the value is 15.35. This value is within the healthy range. It has increased from 13.41 (Mar 23) to 15.35, marking an increase of 1.94.
For Return on Capital Employeed (%), as of Mar 24, the value is 11.34. This value is within the healthy range. It has increased from 10.54 (Mar 23) to 11.34, marking an increase of 0.80.
For Return On Assets (%), as of Mar 24, the value is 3.68. This value is below the healthy minimum of 5. It has increased from 3.06 (Mar 23) to 3.68, marking an increase of 0.62.
For Long Term Debt / Equity (X), as of Mar 24, the value is 1.73. This value exceeds the healthy maximum of 1. It has decreased from 1.78 (Mar 23) to 1.73, marking a decrease of 0.05.
For Total Debt / Equity (X), as of Mar 24, the value is 1.95. This value exceeds the healthy maximum of 1. It has decreased from 2.04 (Mar 23) to 1.95, marking a decrease of 0.09.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.27. It has increased from 0.11 (Mar 23) to 0.27, marking an increase of 0.16.
For Current Ratio (X), as of Mar 24, the value is 0.57. This value is below the healthy minimum of 1.5. It has increased from 0.36 (Mar 23) to 0.57, marking an increase of 0.21.
For Quick Ratio (X), as of Mar 24, the value is 0.53. This value is below the healthy minimum of 1. It has increased from 0.33 (Mar 23) to 0.53, marking an increase of 0.20.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.62. This value is below the healthy minimum of 3. It has increased from 2.55 (Mar 23) to 2.62, marking an increase of 0.07.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.90. This value is below the healthy minimum of 3. It has increased from 1.79 (Mar 23) to 1.90, marking an increase of 0.11.
For Enterprise Value (Cr.), as of Mar 24, the value is 12,768.29. It has increased from 8,395.48 (Mar 23) to 12,768.29, marking an increase of 4,372.81.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 11.92. This value exceeds the healthy maximum of 3. It has increased from 9.59 (Mar 23) to 11.92, marking an increase of 2.33.
For EV / EBITDA (X), as of Mar 24, the value is 24.14. This value exceeds the healthy maximum of 15. It has increased from 18.61 (Mar 23) to 24.14, marking an increase of 5.53.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 9.67. This value exceeds the healthy maximum of 3. It has increased from 6.99 (Mar 23) to 9.67, marking an increase of 2.68.
For Price / BV (X), as of Mar 24, the value is 10.71. This value exceeds the healthy maximum of 3. It has increased from 7.17 (Mar 23) to 10.71, marking an increase of 3.54.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 9.67. This value exceeds the healthy maximum of 3. It has increased from 6.99 (Mar 23) to 9.67, marking an increase of 2.68.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Lemon Tree Hotels Ltd as of July 4, 2025 is: 122.94

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of July 4, 2025, Lemon Tree Hotels Ltd is Overvalued by 10.91% compared to the current share price 138.00

Intrinsic Value of Lemon Tree Hotels Ltd as of July 4, 2025 is: 170.16

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of July 4, 2025, Lemon Tree Hotels Ltd is Undervalued by 23.30% compared to the current share price 138.00

Last 5 Year EPS CAGR: 38.41%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -61.50, which is a positive sign. The stock has a low average Cash Conversion Cycle of -475.70, which is a positive sign. The company has shown consistent growth in sales (391.27 cr) and profit (28.00 cr) over the years.	The stock has a low average ROCE of 4.30%, which may not be favorable. The company has higher borrowings (1,560.64) compared to reserves (107.27), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Lemon Tree Hotels Ltd:
1. Net Profit Margin: 16.89%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 11.34% (Industry Average ROCE: 15.77%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 15.35% (Industry Average ROE: 10.52%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.9
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.53
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 55.7 (Industry average Stock P/E: 395.51)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.95
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Lemon Tree Hotels Ltd. is a Public Limited Listed company incorporated on 02/06/1992 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1992PLC049022 and registration number is 049022. Currently Company is involved in the business activities of Hotels and motels, inns, resorts providing short term lodging facilities; includes accommodation in house boats. Company's Total Operating Revenue is Rs. 384.63 Cr. and Equity Capital is Rs. 791.85 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Hotels, Resorts & Restaurants	Asset No. 6, New Delhi Delhi 110037	sectdeptt@lemontreehotels.com https://www.lemontreehotels.com

Management
Name	Position Held
Mr. Patanjali Govind Keswani	Chairman & Managing Director
Mr. Niten Malhan	Vice Chairman & Independent Director
Mr. Willem Albertus Hazeleger	Non Executive Director
Mr. Aditya Madhav Keswani	Non Executive Director
Ms. Freyan Jamshed Desai	Independent Director
Mr. Paramartha Saikia	Independent Director
Ms. Smita Anand	Independent Director
Mr. Praveen Garg	Independent Director
Mr. Sanjiv Nandan Sahai	Independent Director

FAQ

What is the intrinsic value of Lemon Tree Hotels Ltd?

Lemon Tree Hotels Ltd's intrinsic value (as of 04 July 2025) is 122.94 — 10.91% lower the current market price of 138.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 10,941 Cr. market cap, FY2025-2026 high/low of 162/111, reserves of 372 Cr, and liabilities of 4,082 Cr.

What is the Market Cap of Lemon Tree Hotels Ltd?

The Market Cap of Lemon Tree Hotels Ltd is 10,941 Cr..

What is the current Stock Price of Lemon Tree Hotels Ltd as on 04 July 2025?

The current stock price of Lemon Tree Hotels Ltd as on 04 July 2025 is 138.

What is the High / Low of Lemon Tree Hotels Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Lemon Tree Hotels Ltd stocks is ₹162/111.

What is the Stock P/E of Lemon Tree Hotels Ltd?

The Stock P/E of Lemon Tree Hotels Ltd is 55.7.

What is the Book Value of Lemon Tree Hotels Ltd?

The Book Value of Lemon Tree Hotels Ltd is 14.7.

What is the Dividend Yield of Lemon Tree Hotels Ltd?

The Dividend Yield of Lemon Tree Hotels Ltd is 0.00 %.

What is the ROCE of Lemon Tree Hotels Ltd?

The ROCE of Lemon Tree Hotels Ltd is 12.7 %.

What is the ROE of Lemon Tree Hotels Ltd?

The ROE of Lemon Tree Hotels Ltd is 18.4 %.

What is the Face Value of Lemon Tree Hotels Ltd?

The Face Value of Lemon Tree Hotels Ltd is 10.0.