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Last Updated: April 2, 2026, 2:51 am
Author: Getaka|Social: XLinkedIn

EIH Associated Hotels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹232.43Overvalued by 17.28%vs CMP ₹281.00

P/E (17.4) × ROE (19.2%) × BV (₹85.90) × DY (1.24%)

₹228.90Overvalued by 18.54%vs CMP ₹281.00
MoS: -22.8% (Negative)Confidence: 54/100 (Moderate)Models: 2 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹347.2725%Under (+23.6%)
Graham NumberEarnings₹174.2518%Over (-38%)
Earnings PowerEarnings₹108.8012%Over (-61.3%)
DCFCash Flow₹385.2612%Under (+37.1%)
Net Asset ValueAssets₹85.868%Over (-69.4%)
EV/EBITDAEnterprise₹236.9210%Over (-15.7%)
Earnings YieldEarnings₹157.108%Over (-44.1%)
Revenue MultipleRevenue₹100.286%Over (-64.3%)
Consensus (8 models)₹228.90100%Overvalued
Key Drivers: EPS CAGR 49.4% lifts DCF — verify sustainability. | Wide model spread (₹86–₹385) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 49.4%

*Investments are subject to market risks

Investment Snapshot

75
EIH Associated Hotels Ltd scores 75/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 25.7% ExcellentROE 19.2% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 75.0% Stable
Earnings Quality75/100 · Strong
OPM expanding (23% → 30%) ImprovingWorking capital: -17 days (improving) Efficient
Quarterly Momentum48/100 · Moderate
Revenue (4Q): 1% YoY FlatProfit (4Q): +18% YoY PositiveOPM: 4.6% (down 5.6% YoY) Margin pressure
Industry Rank100/100 · Strong
P/E 17.4 vs industry 305.4 Cheaper than peersROCE 25.7% vs industry 12.6% Above peersROE 19.2% vs industry 10.4% Above peers3Y sales CAGR: 28% 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, 2:51 am

Market Cap 1,715 Cr.
Current Price 281
Intrinsic Value₹228.90
High / Low 435/266
Stock P/E17.4
Book Value 85.9
Dividend Yield1.24 %
ROCE25.7 %
ROE19.2 %
Face Value 10.0
PEG Ratio0.35

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

View Share Price Target for EIH Associated Hotels Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
EIH Associated Hotels Ltd 1,715 Cr. 281 435/26617.4 85.91.24 %25.7 %19.2 % 10.0
Oriental Hotels Ltd 1,590 Cr. 89.0 169/80.028.6 38.70.56 %9.45 %5.99 % 1.00
Taj GVK Hotels & Resorts Ltd 1,998 Cr. 319 540/28117.0 1080.63 %20.8 %16.2 % 2.00
Benares Hotels Ltd 1,225 Cr. 9,426 12,000/9,00027.8 1,4080.27 %37.3 %28.3 % 10.0
Barbeque-Nation Hospitality Ltd 877 Cr. 224 712/219 92.80.00 %4.57 %7.36 % 5.00
Industry Average7,257.68 Cr440.10305.42103.090.32%12.62%10.35%6.81

All Competitor Stocks of EIH Associated Hotels Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 58.53110.61107.8366.8658.78126.65132.5064.4870.84133.01139.9168.7458.33
Expenses 51.9465.7075.6956.3758.3174.3782.4459.6863.6379.2079.3559.7655.66
Operating Profit 6.5944.9132.1410.490.4752.2850.064.807.2153.8160.568.982.67
OPM % 11.26%40.60%29.81%15.69%0.80%41.28%37.78%7.44%10.18%40.46%43.28%13.06%4.58%
Other Income 1.351.842.683.373.032.923.784.490.094.095.843.635.30
Interest 0.120.080.080.140.460.100.100.110.090.110.110.120.11
Depreciation 4.254.174.044.044.234.284.314.354.434.274.134.214.21
Profit before tax 3.5742.5030.709.68-1.1950.8249.434.832.7853.5262.168.283.65
Tax % 27.17%29.04%14.72%25.21%-23.53%25.44%25.51%25.67%25.18%25.43%25.55%25.48%24.38%
Net Profit 2.6030.1726.177.25-0.9237.8836.813.582.0839.9146.286.182.77
EPS in Rs 0.434.954.301.19-0.156.226.040.590.346.557.591.010.45

Last Updated: January 1, 2026, 9:32 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 11:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 216229245264264264249101195337385408396
Expenses 153163172190195199196119163242271280267
Operating Profit 63667474686553-183395113128130
OPM % 29%29%30%28%26%25%21%-17%17%28%29%31%33%
Other Income 0128586-227131316
Interest 11952000100100
Depreciation 13191614141416171617171717
Profit before tax 38405565595843-371885109123129
Tax % 38%38%29%34%36%35%12%-28%30%24%25%26%
Net Profit 24253943383838-271365819296
EPS in Rs 3.874.066.397.026.216.236.23-4.392.1110.6113.3115.0715.71
Dividend Payout % 39%37%31%32%36%36%0%0%0%24%23%23%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)4.17%56.00%10.26%-11.63%0.00%0.00%-171.05%148.15%400.00%24.62%13.58%
Change in YoY Net Profit Growth (%)0.00%51.83%-45.74%-21.88%11.63%0.00%-171.05%319.20%251.85%-375.38%-11.04%

EIH Associated Hotels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:10%
3 Years:28%
TTM:8%
Compounded Profit Growth
10 Years:14%
5 Years:19%
3 Years:93%
TTM:28%
Stock Price CAGR
10 Years:15%
5 Years:27%
3 Years:22%
1 Year:3%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:19%
Last Year:19%

Last Updated: September 5, 2025, 3:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:11 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 30303030303030303030306161
Reserves 181186212251272293315288302366432476463
Borrowings 7463351213225444
Other Liabilities 971185063728699687810397110113
Total Liabilities 382397328345376411447389412504563651641
Fixed Assets 271263256248243252283279278276302289282
CWIP 1113345651281738
Investments 111194045515174140153200176
Other Assets 109132707590110108545577100145145
Total Assets 382397328345376411447389412504563651641

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 51536673576057-12389178109
Cash from Investing Activity + -8-24-15-26-46-42-349-37-89-64-89
Cash from Financing Activity + -42-29-55-40-16-17-18-1-1-2-17-19
Net Cash Flow 10-47-515-411-31
Free Cash Flow 43285164463621-3423724181
CFO/OP 95%96%105%110%102%109%125%70%120%112%92%108%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-11.003.0039.0073.0066.0064.0050.00-20.0031.0090.00109.00124.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 314137324044362614172124
Inventory Days 200202208188184
Days Payable 491516470480671
Cash Conversion Cycle -260-274-225-26040-444362614172124
Working Capital Days -23-1-37593-21-49-29-27-15-17
ROCE %17%18%22%24%20%19%14%-9%6%23%25%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs 13.41%13.75%13.88%13.81%13.68%13.74%13.75%13.77%13.70%13.72%13.71%13.70%
Public 11.59%11.25%11.11%11.20%11.33%11.27%11.25%11.25%11.29%11.31%11.30%11.30%
No. of Shareholders 10,79210,50311,91813,12813,92016,68522,66523,85724,34924,48624,92825,485

Shareholding Pattern Chart

No. of Shareholders

EIH Associated Hotels Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 15.0726.5921.214.23-8.78
Diluted EPS (Rs.) 15.0726.5921.214.23-8.78
Cash EPS (Rs.) 17.8932.1326.649.38-3.21
Book Value[Excl.RevalReserv]/Share (Rs.) 88.04151.91130.16109.08104.62
Book Value[Incl.RevalReserv]/Share (Rs.) 88.04151.91130.16109.08104.62
Dividend / Share (Rs.) 3.506.005.000.000.00
Revenue From Operations / Share (Rs.) 66.99126.29110.6364.0633.28
PBDIT / Share (Rs.) 23.8141.4833.4011.44-5.16
PBIT / Share (Rs.) 20.9935.9527.986.29-10.73
PBT / Share (Rs.) 20.2335.6927.856.04-12.19
Net Profit / Share (Rs.) 15.0726.5921.214.23-8.78
PBDIT Margin (%) 35.5332.8430.1917.85-15.50
PBIT Margin (%) 31.3228.4625.289.81-32.23
PBT Margin (%) 30.1928.2525.179.42-36.63
Net Profit Margin (%) 22.4921.0519.176.59-26.37
Return on Networth / Equity (%) 17.1117.5016.293.87-8.38
Return on Capital Employeed (%) 22.0321.7819.485.24-9.43
Return On Assets (%) 14.1114.3712.813.12-6.86
Asset Turnover Ratio (%) 0.670.720.730.480.24
Current Ratio (X) 4.583.923.002.432.05
Quick Ratio (X) 4.393.682.772.181.81
Inventory Turnover Ratio (X) 28.930.000.000.000.00
Dividend Payout Ratio (NP) (%) 19.9018.800.000.000.00
Dividend Payout Ratio (CP) (%) 16.7615.560.000.000.00
Earning Retention Ratio (%) 80.1081.200.000.000.00
Cash Earning Retention Ratio (%) 83.2484.440.000.000.00
Interest Coverage Ratio (X) 346.26158.79261.64103.12-29.67
Interest Coverage Ratio (Post Tax) (X) 230.21102.79167.1140.39-42.05
Enterprise Value (Cr.) 2022.302263.791241.861320.69707.12
EV / Net Operating Revenue (X) 4.955.883.686.776.97
EV / EBITDA (X) 13.9417.9112.2037.89-44.97
MarketCap / Net Operating Revenue (X) 5.135.993.746.817.05
Retention Ratios (%) 80.0981.190.000.000.00
Price / BV (X) 3.904.983.184.002.24
Price / Net Operating Revenue (X) 5.135.993.746.817.05
EarningsYield 0.040.030.050.01-0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

EIH Associated Hotels Ltd. is a Public Limited Listed company incorporated on 21/03/1983 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L92490TN1983PLC009903 and registration number is 009903. 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. 408.24 Cr. and Equity Capital is Rs. 60.94 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & Restaurants1/24, G.S.T. Road, Meenambakkam, Chennai (Madras) Tamil Nadu 600027Contact not found
Management
NamePosition Held
Mr. Arjun Singh OberoiChairman
Mr. Vikramjit Singh OberoiManaging Director
Mr. Akshay RahejaNon Executive Director
Mr. Ameeta Aziz ParpiaInd. Non-Executive Director
Ms. Radhika Vijay HaribhaktiInd. Non-Executive Director
Mr. Surin KapadiaInd. Non-Executive Director
Mr. Sandeep Kumar BarasiaInd. Non-Executive Director

FAQ

What is the intrinsic value of EIH Associated Hotels Ltd and is it undervalued?

As of 19 April 2026, EIH Associated Hotels Ltd's intrinsic value is ₹228.90, which is 18.54% lower than the current market price of ₹281.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.2 %), book value (₹85.9), dividend yield (1.24 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of EIH Associated Hotels Ltd?

EIH Associated Hotels Ltd is trading at ₹281.00 as of 19 April 2026, with a FY2026-2027 high of ₹435 and low of ₹266. The stock is currently near its 52-week low. Market cap stands at ₹1,715 Cr..

How does EIH Associated Hotels Ltd's P/E ratio compare to its industry?

EIH Associated Hotels Ltd has a P/E ratio of 17.4, which is below the industry average of 305.42. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is EIH Associated Hotels Ltd financially healthy?

Key indicators for EIH Associated Hotels Ltd: ROCE of 25.7 % indicates efficient capital utilization; ROE of 19.2 % shows strong shareholder returns. Dividend yield is 1.24 %.

Is EIH Associated Hotels Ltd profitable and how is the profit trend?

EIH Associated Hotels Ltd reported a net profit of ₹92 Cr in Mar 2025 on revenue of ₹408 Cr. Compared to ₹13 Cr in Mar 2022, the net profit shows an improving trend.

Does EIH Associated Hotels Ltd pay dividends?

EIH Associated Hotels Ltd has a dividend yield of 1.24 % at the current price of ₹281.00. 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 EIH Associated 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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