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Last Updated: April 2, 2026, 4:06 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 544111 | NSE: PARKHOTELS

Apeejay Surrendra Park Hotels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹90.23Overvalued by 14.88%vs CMP ₹106.00

P/E (26.7) × ROE (6.9%) × BV (₹61.20) × DY (0.47%)

₹80.37Overvalued by 24.18%vs CMP ₹106.00
MoS: -31.9% (Negative)Confidence: 54/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹131.9226%Under (+24.5%)
Graham NumberEarnings₹73.9416%Over (-30.2%)
Earnings PowerEarnings₹15.6813%Over (-85.2%)
DCFCash Flow₹87.4113%Over (-17.5%)
Net Asset ValueAssets₹61.028%Over (-42.4%)
EV/EBITDAEnterprise₹109.6010%Fair (+3.4%)
Earnings YieldEarnings₹39.708%Over (-62.5%)
Revenue MultipleRevenue₹28.296%Over (-73.3%)
Consensus (8 models)₹80.37100%Overvalued
Key Drivers: EPS CAGR 46.2% lifts DCF — verify sustainability. | Wide model spread (₹16–₹132) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 46.2%

*Investments are subject to market risks

Investment Snapshot

54
Apeejay Surrendra Park Hotels Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health42/100 · Moderate
ROCE 12.0% AverageROE 6.9% AverageD/E 1.11 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 2.04% MF sellingPromoter holding at 68.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (25% → 33%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +13% YoY GrowingProfit (4Q): +13% YoY Positive
Industry Rank50/100 · Moderate
P/E 26.7 vs industry 24.8 In-lineROCE 12.0% vs industry 17.1% AverageROE 6.9% vs industry 28.4% Below peers3Y sales CAGR: 36% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:06 am

Market Cap 2,267 Cr.
Current Price 106
Intrinsic Value₹80.37
High / Low 173/95.1
Stock P/E26.7
Book Value 61.2
Dividend Yield0.47 %
ROCE12.0 %
ROE6.87 %
Face Value 1.00
PEG Ratio0.58

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

View Share Price Target for Apeejay Surrendra Park Hotels Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Apeejay Surrendra Park Hotels Ltd 2,267 Cr. 106 173/95.126.7 61.20.47 %12.0 %6.87 % 1.00
Asian Hotels (North) Ltd 1,233 Cr. 289 393/248 95.20.00 %6.66 %41.0 % 10.0
Viceroy Hotels Ltd 943 Cr. 139 157/93.011.6 36.20.00 %9.15 %49.7 % 10.0
Kamat Hotels (India) Ltd 463 Cr. 157 369/14014.8 95.50.00 %19.6 %18.6 % 10.0
Advani Hotels & Resorts (India) Ltd 462 Cr. 49.9 69.0/46.819.1 8.073.81 %45.3 %34.4 % 2.00
Industry Average1,717.00 Cr164.1524.8455.400.71%17.07%28.36%7.17

All Competitor Stocks of Apeejay Surrendra Park Hotels Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 135139125130152146130137172167148159188
Expenses 8694878799979297110107103112120
Operating Profit 49453843544938406260454767
OPM % 36%32%30%33%35%33%29%29%36%36%30%30%36%
Other Income 2-1164441624311
Interest 1912161718154365668
Depreciation 9161112141213131419171618
Profit before tax 23161121272624394540262742
Tax % 26%26%32%32%3%30%108%29%29%31%34%42%42%
Net Profit 17128142618-2273227171625
EPS in Rs 0.990.680.440.811.480.85-0.091.291.501.280.800.731.16

Last Updated: March 3, 2026, 12:23 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 8:46 pm

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 416415175243492555605662
Expenses 334333159199332370409443
Operating Profit 82821544160186197219
OPM % 20%20%9%18%32%33%32%33%
Other Income 1011-9101413259
Interest 5051565962651524
Depreciation 3033363847485969
Profit before tax 138-85-436485148135
Tax % 19%-195%-12%-31%26%22%43%
Net Profit 1123-75-3048668585
EPS in Rs 6.081.34-4.29-1.712.733.083.983.97
Dividend Payout % 0%0%0%0%0%0%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)109.09%-426.09%60.00%260.00%37.50%28.79%
Change in YoY Net Profit Growth (%)0.00%-535.18%486.09%200.00%-222.50%-8.71%

Apeejay Surrendra Park Hotels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Last Updated: September 5, 2025, 2:21 pm

Balance Sheet

Last Updated: December 4, 2025, 2:23 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1717171717212121
Reserves 5715935194905361,1721,2591,284
Borrowings 44155260864661093158216
Other Liabilities 134160121106181168204387
Total Liabilities 1,1631,3231,2651,2591,3451,4541,6421,908
Fixed Assets 1,0651,1631,1461,1311,1821,2051,1911,188
CWIP 3128272932415465
Investments 00000054338
Other Assets 6713192100132209343317
Total Assets 1,1631,3231,2651,2591,3451,4541,6421,908

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1021002653172162152
Cash from Investing Activity + -60-97-24-19-41-103-185
Cash from Financing Activity + -473-5-34-124-366
Net Cash Flow -46-3-0723-27
Free Cash Flow 6637-14301346156
CFO/OP 128%118%169%126%105%95%92%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-359.00-470.00-593.00-602.00-450.0093.0039.00

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

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 23183726182121
Inventory Days 73103
Days Payable 217398
Cash Conversion Cycle -1211837-269182121
Working Capital Days -122-116-308-260-105-4121
ROCE %6%-1%1%11%12%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 68.14%68.14%68.14%68.14%68.14%68.14%68.14%68.14%
FIIs 5.08%4.66%5.58%4.13%3.97%4.79%2.19%3.29%
DIIs 16.42%15.19%14.14%11.18%11.55%9.83%10.43%9.51%
Public 10.35%12.00%12.13%16.55%16.33%17.25%19.26%19.05%
No. of Shareholders 45,76344,09741,95141,24643,67646,38651,75253,059

Shareholding Pattern Chart

No. of Shareholders

Apeejay Surrendra Park Hotels Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund 10,610,336 0.48 133.37N/AN/AN/A
Bandhan Small Cap Fund 3,833,284 0.24 48.183,673,9802026-03-23 02:16:314.34%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 3.923.822.75-1.61-4.34
Diluted EPS (Rs.) 3.923.822.75-1.61-4.34
Cash EPS (Rs.) 6.815.595.570.67-2.19
Book Value[Excl.RevalReserv]/Share (Rs.) 60.1756.1331.8029.1030.70
Book Value[Incl.RevalReserv]/Share (Rs.) 60.1756.1331.8029.1030.70
Revenue From Operations / Share (Rs.) 29.5927.1328.9814.6010.24
PBDIT / Share (Rs.) 10.619.6210.143.341.31
PBIT / Share (Rs.) 7.727.257.321.04-0.85
PBT / Share (Rs.) 6.944.153.75-2.39-4.97
Net Profit / Share (Rs.) 3.923.222.75-1.61-4.34
NP After MI And SOA / Share (Rs.) 3.923.222.75-1.61-4.34
PBDIT Margin (%) 35.8535.4434.9922.8512.77
PBIT Margin (%) 26.0726.7125.247.14-8.30
PBT Margin (%) 23.4515.3112.93-16.38-48.53
Net Profit Margin (%) 13.2311.879.49-11.05-42.43
NP After MI And SOA Margin (%) 13.2311.889.50-11.01-42.37
Return on Networth / Equity (%) 6.505.748.65-5.52-14.13
Return on Capital Employeed (%) 10.9511.7011.211.75-1.39
Return On Assets (%) 5.004.663.53-2.20-5.91
Long Term Debt / Equity (X) 0.020.010.900.940.87
Total Debt / Equity (X) 0.050.021.021.221.11
Asset Turnover Ratio (%) 0.400.400.380.190.00
Current Ratio (X) 1.620.960.410.280.27
Quick Ratio (X) 0.950.860.350.240.22
Inventory Turnover Ratio (X) 9.940.000.000.000.00
Interest Coverage Ratio (X) 13.693.112.840.970.40
Interest Coverage Ratio (Post Tax) (X) 6.052.041.770.53-0.06
Enterprise Value (Cr.) 3175.724038.780.000.000.00
EV / Net Operating Revenue (X) 5.036.980.000.000.00
EV / EBITDA (X) 14.0319.680.000.000.00
MarketCap / Net Operating Revenue (X) 4.957.030.000.000.00
Price / BV (X) 2.433.400.000.000.00
Price / Net Operating Revenue (X) 4.957.030.000.000.00
EarningsYield 0.020.010.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Apeejay Surrendra Park Hotels Ltd. is a Public Limited Listed company incorporated on 27/11/1987 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L85110WB1987PLC222139 and registration number is 222139. Currently Company is involved in the business activities of Short term accommodation activities. Company's Total Operating Revenue is Rs. 605.33 Cr. and Equity Capital is Rs. 21.34 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & Restaurants17, Park Street, Kolkata West Bengal 700016Contact not found
Management
NamePosition Held
Ms. Priya PaulChairperson & Executive Director
Mr. Vijay DewanManaging Director
Mr. Karan PaulNon Executive Director
Mr. Ranjit Kumar PachnandaIndependent Director
Mr. Suresh KumarIndependent Director
Ms. Ragini ChopraIndependent Director

FAQ

What is the intrinsic value of Apeejay Surrendra Park Hotels Ltd and is it undervalued?

As of 14 April 2026, Apeejay Surrendra Park Hotels Ltd's intrinsic value is ₹80.37, which is 24.18% lower than the current market price of ₹106.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.87 %), book value (₹61.2), dividend yield (0.47 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Apeejay Surrendra Park Hotels Ltd?

Apeejay Surrendra Park Hotels Ltd is trading at ₹106.00 as of 14 April 2026, with a FY2026-2027 high of ₹173 and low of ₹95.1. The stock is currently near its 52-week low. Market cap stands at ₹2,267 Cr..

How does Apeejay Surrendra Park Hotels Ltd's P/E ratio compare to its industry?

Apeejay Surrendra Park Hotels Ltd has a P/E ratio of 26.7, which is above the industry average of 24.84. The premium over industry average may reflect growth expectations or speculative interest.

Is Apeejay Surrendra Park Hotels Ltd financially healthy?

Key indicators for Apeejay Surrendra Park Hotels Ltd: ROCE of 12.0 % is moderate; ROE of 6.87 % is below ideal levels (industry average: 28.36%). Dividend yield is 0.47 %.

Is Apeejay Surrendra Park Hotels Ltd profitable and how is the profit trend?

Apeejay Surrendra Park Hotels Ltd reported a net profit of ₹85 Cr in Mar 2025 on revenue of ₹605 Cr. Compared to ₹-30 Cr in Mar 2022, the net profit shows an improving trend.

Does Apeejay Surrendra Park Hotels Ltd pay dividends?

Apeejay Surrendra Park Hotels Ltd has a dividend yield of 0.47 % at the current price of ₹106.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Apeejay Surrendra Park Hotels Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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