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Last Updated: April 2, 2026, 3:48 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500850 | NSE: INDHOTEL

Indian Hotels Co Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹484.57Overvalued by 17.17%vs CMP ₹585.00

P/E (46.1) × ROE (16.1%) × BV (₹81.30) × DY (0.38%)

₹343.96Overvalued by 41.20%vs CMP ₹585.00
MoS: -70.1% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹852.3626%Under (+45.7%)
Graham NumberEarnings₹160.6016%Over (-72.5%)
Earnings PowerEarnings₹59.3913%Over (-89.8%)
DCFCash Flow₹350.2113%Over (-40.1%)
Net Asset ValueAssets₹81.258%Over (-86.1%)
EV/EBITDAEnterprise₹208.1910%Over (-64.4%)
Earnings YieldEarnings₹141.008%Over (-75.9%)
Revenue MultipleRevenue₹87.806%Over (-85%)
Consensus (8 models)₹343.96100%Overvalued
Key Drivers: EPS CAGR 75.9% lifts DCF — verify sustainability. | Wide model spread (₹59–₹852) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 75.9%

*Investments are subject to market risks

Investment Snapshot

67
Indian Hotels Co Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health60/100 · Moderate
ROCE 17.2% GoodROE 16.1% GoodD/E 0.67 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money45/100 · Moderate
FII holding down -1.87% (6mo) SellingDII holding up 1.61% MF buyingPromoter holding at 38.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (22% → 33%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +20% YoY GrowingProfit (4Q): +13% YoY Positive
Industry Rank100/100 · Strong
P/E 46.1 vs industry 305.4 Cheaper than peersROCE 17.2% vs industry 12.6% Above peersROE 16.1% vs industry 10.4% Above peers3Y sales CAGR: 40% 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.

Indian Hotels Co Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
20/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 46.1 vs Ind 305.4 | ROCE 17.2% | ROE 16.1% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.67x | IntCov 0.0x | Current 0.39x | Borrow/Reserve 0.28x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹2,038 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -1.05 pp | DII +1.26 pp | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +39.2% | Q NP +200.0% | Q OPM +10.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-41.2%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.28xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-1.05 ppLatest FII% minus previous FII%
DII Change+1.26 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+9,392Latest shareholder count minus previous count
Quarterly Sales Change+39.2%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+200.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+10.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:48 am

Market Cap 83,299 Cr.
Current Price 585
Intrinsic Value₹343.96
High / Low 853/569
Stock P/E46.1
Book Value 81.3
Dividend Yield0.38 %
ROCE17.2 %
ROE16.1 %
Face Value 1.00
PEG Ratio0.61

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

View Share Price Target for Indian Hotels Co Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Indian Hotels Co Ltd 83,299 Cr. 585 853/56946.1 81.30.38 %17.2 %16.1 % 1.00
Jubilant Foodworks Ltd 29,277 Cr. 444 744/43088.4 32.80.27 %13.1 %10.4 % 2.00
EIH Ltd 17,510 Cr. 280 435/27223.1 75.20.54 %23.4 %18.0 % 2.00
Chalet Hotels Ltd 15,802 Cr. 718 1,082/69026.0 1560.14 %11.1 %5.77 % 10.0
Devyani International Ltd 11,930 Cr. 96.8 191/94.3 12.60.00 %6.42 %0.54 % 1.00
Industry Average7,257.68 Cr440.10305.42103.090.32%12.62%10.35%6.81

All Competitor Stocks of Indian Hotels Co Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,6861,6251,4661,4331,9641,9051,5501,8262,5332,4252,0412,0412,842
Expenses 1,0891,0901,0561,0781,2311,2461,1011,3251,5711,5681,4651,4711,766
Operating Profit 5975354103557326604505019628575765701,076
OPM % 35%33%28%25%37%35%29%27%38%35%28%28%38%
Other Income 5829494840464637159596183334
Interest 57575759535250525254555656
Depreciation 103108109111114120117125134142143145150
Profit before tax 4954002942326055353286968347204404531,203
Tax % 23%24%28%31%28%26%29%18%26%25%27%30%22%
Net Profit 404339236179477438260583633563329318954
EPS in Rs 2.692.311.571.183.182.931.753.904.093.672.082.006.35

Last Updated: March 3, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 4:11 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,0664,1894,0234,0214,1044,5124,4631,5753,0565,8106,7698,3359,349
Expenses 3,5043,7623,4113,4113,4323,6823,4961,9372,6514,0054,6095,5656,270
Operating Profit 562427612610671830968-3624051,8052,1602,7693,079
OPM % 14%10%15%15%16%18%22%-23%13%31%32%33%33%
Other Income -497-193-43448390173325171142181535537
Interest 169176376324269190341403428236220208220
Depreciation 308291285299301328404410406416454518580
Profit before tax -412-232-9131184402396-850-2581,2951,6662,5782,816
Tax % 27%49%99%372%66%39%11%-18%-14%25%28%24%
Net Profit -536-347-203-46104296364-796-2651,0531,3302,0382,164
EPS in Rs -5.14-3.51-1.75-0.480.762.172.68-5.45-1.747.068.8513.4014.10
Dividend Payout % -0%-0%-13%-55%47%21%17%-7%-23%14%20%17%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)35.26%41.50%77.34%326.09%184.62%22.97%-318.68%66.71%497.36%26.31%53.23%
Change in YoY Net Profit Growth (%)0.00%6.24%35.84%248.75%-141.47%-161.64%-341.65%385.39%430.65%-471.05%26.93%

Indian Hotels Co 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:7%
5 Years:13%
3 Years:40%
TTM:29%
Compounded Profit Growth
10 Years:26%
5 Years:43%
3 Years:97%
TTM:34%
Stock Price CAGR
10 Years:26%
5 Years:51%
3 Years:36%
1 Year:16%
Return on Equity
10 Years:6%
5 Years:7%
3 Years:15%
Last Year:16%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: December 4, 2025, 2:06 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 81819999119119119119142142142142142
Reserves 2,5562,1462,4812,4194,0624,2294,2383,5306,9207,8409,31411,01811,427
Borrowings 4,2525,0744,5263,3832,4272,3264,5015,5183,8883,1392,7363,0843,226
Other Liabilities 2,6262,5822,6912,6982,7062,8402,5842,2682,0522,3912,5413,3713,623
Total Liabilities 9,5149,8849,7978,5999,3149,51411,44211,43513,00213,51214,73317,61618,419
Fixed Assets 6,2156,2996,7625,8156,1636,4228,0598,4388,4158,8199,31110,91811,156
CWIP 554306290223197116244165194332256633862
Investments 1,4271,5871,5151,2441,5111,3351,4271,4831,9671,8912,2612,2793,339
Other Assets 1,3181,6921,2311,3171,4431,6411,7121,3492,4262,4702,9053,7863,061
Total Assets 9,5149,8849,7978,5999,3149,51411,44211,43513,00213,51214,73317,61618,419

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 539495619535492711823-3196721,6191,9352,194
Cash from Investing Activity + -297-726341848-521-387-497-118-1,641-138-1,208-1,869
Cash from Financing Activity + -212491-1,196-1,38196-343-2652801,659-1,528-985-547
Net Cash Flow 30260-237167-1962-157689-47-257-222
Free Cash Flow 199184253954-13251511-5063871,1911,3021,133
CFO/OP 110%121%116%102%95%110%106%95%152%104%104%100%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow558.00422.00608.00607.00669.00828.00964.00-367.00402.00-2.000.00-1.00

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 252622252926245130282628
Inventory Days 87858081837392236143848264
Days Payable 292273286294330294383807550368364273
Cash Conversion Cycle -179-162-184-189-217-195-268-520-376-256-257-180
Working Capital Days -146-66-166-114-69-112-99-555-165-84-61-40
ROCE %4%4%5%5%6%8%7%-6%1%13%15%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 38.19%38.19%38.19%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%
FIIs 18.24%21.64%22.17%23.28%24.47%27.19%27.44%27.78%26.96%27.18%26.14%25.09%
DIIs 27.47%24.05%23.13%22.19%20.65%18.29%18.67%18.44%19.05%18.39%19.40%20.66%
Government 0.13%0.13%0.14%0.14%0.14%0.14%0.14%0.14%0.14%0.13%0.13%0.13%
Public 15.97%15.98%16.38%16.27%16.63%16.26%15.65%15.54%15.74%16.18%16.20%16.00%
No. of Shareholders 4,30,8964,48,7424,83,9614,85,6095,35,2535,56,0195,48,1885,71,5675,96,3836,17,4896,23,9696,33,361

Shareholding Pattern Chart

No. of Shareholders

Indian Hotels Co 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
Canara Robeco Large and Mid Cap Fund 19,457,322 5.25 1297.9N/AN/AN/A
HDFC Mid Cap Fund 14,108,139 1 941.0814,564,5292026-02-23 07:11:40-3.13%
Axis Midcap Fund 10,812,201 2.26 721.2312,423,6912025-10-30 04:02:47-12.97%
Nippon India Multi Cap Fund 9,000,000 1.18 600.3510,500,1122025-10-30 04:02:47-14.29%
Nippon India Large Cap Fund 7,460,653 0.97 497.666,953,1302026-01-26 01:36:437.3%
Axis ELSS Tax Saver Fund 7,011,391 1.41 467.699,421,7402025-10-30 04:02:47-25.58%
Nippon India Growth Mid Cap Fund 6,000,000 0.91 400.23N/AN/AN/A
ICICI Prudential Focused Equity Fund 5,862,123 2.58 391.032,959,6842026-03-24 02:13:2798.07%
ICICI Prudential Balanced Advantage Fund 5,381,619 0.5 358.98N/AN/AN/A
Mirae Asset Large Cap Fund 4,656,582 0.77 310.624,380,3322026-02-23 01:16:546.31%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 13.408.867.06-1.97-6.05
Diluted EPS (Rs.) 13.408.867.06-1.97-6.05
Cash EPS (Rs.) 17.4211.639.771.29-2.39
Book Value[Excl.RevalReserv]/Share (Rs.) 78.4166.4460.8453.9036.01
Book Value[Incl.RevalReserv]/Share (Rs.) 78.4166.4460.8453.9036.01
Revenue From Operations / Share (Rs.) 58.5547.5540.9021.5213.24
PBDIT / Share (Rs.) 21.0716.4413.683.94-1.66
PBIT / Share (Rs.) 17.4313.2510.751.08-5.10
PBT / Share (Rs.) 18.1111.709.11-1.82-7.14
Net Profit / Share (Rs.) 13.788.446.84-1.57-5.84
NP After MI And SOA / Share (Rs.) 13.408.857.06-1.74-6.05
PBDIT Margin (%) 35.9934.5733.4518.32-12.50
PBIT Margin (%) 29.7727.8526.285.03-38.51
PBT Margin (%) 30.9324.6022.28-8.44-53.93
Net Profit Margin (%) 23.5317.7516.72-7.27-44.07
NP After MI And SOA Margin (%) 22.8818.6017.25-8.10-45.71
Return on Networth / Equity (%) 17.0913.3112.56-3.50-19.73
Return on Capital Employeed (%) 15.7914.6613.221.38-7.08
Return On Assets (%) 10.778.477.33-1.89-6.25
Long Term Debt / Equity (X) 0.010.000.040.190.60
Total Debt / Equity (X) 0.020.020.100.280.67
Asset Turnover Ratio (%) 0.510.470.290.170.10
Current Ratio (X) 2.091.541.221.360.39
Quick Ratio (X) 2.021.481.171.310.35
Inventory Turnover Ratio (X) 66.1759.990.000.000.00
Dividend Payout Ratio (NP) (%) 13.0511.415.66-19.20-8.25
Dividend Payout Ratio (CP) (%) 10.268.384.0030.04-19.15
Earning Retention Ratio (%) 86.9588.5994.34119.20108.25
Cash Earning Retention Ratio (%) 89.7491.6296.0069.96119.15
Interest Coverage Ratio (X) 14.4010.638.231.31-0.48
Interest Coverage Ratio (Post Tax) (X) 8.956.465.100.44-1.12
Enterprise Value (Cr.) 111269.8083619.8146502.7035252.3016136.64
EV / Net Operating Revenue (X) 13.3512.358.0011.5310.24
EV / EBITDA (X) 37.0935.7323.9362.96-81.90
MarketCap / Net Operating Revenue (X) 13.4312.447.9311.088.37
Retention Ratios (%) 86.9488.5894.33119.20108.25
Price / BV (X) 10.038.905.774.793.62
Price / Net Operating Revenue (X) 13.4312.447.9311.088.37
EarningsYield 0.010.010.02-0.01-0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Indian Hotels Company Ltd. is a Public Limited Listed company incorporated on 01/04/1902 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L74999MH1902PLC000183 and registration number is 000183. Currently Company is involved in the business activities of Short term accommodation activities. Company's Total Operating Revenue is Rs. 4916.54 Cr. and Equity Capital is Rs. 142.34 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsMandlik House, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. N ChandrasekaranChairman & Non-Exe.Director
Mr. Puneet ChhatwalManaging Director & CEO
Ms. Anupam NarayanInd. Non-Executive Director
Ms. Hema RavichandarInd. Non-Executive Director
Mr. Venkataramanan AnantharamanInd. Non-Executive Director
Mr. Nasser MunjeeInd. Non-Executive Director

FAQ

What is the intrinsic value of Indian Hotels Co Ltd and is it undervalued?

As of 05 April 2026, Indian Hotels Co Ltd's intrinsic value is ₹343.96, which is 41.20% lower than the current market price of ₹585.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (16.1 %), book value (₹81.3), dividend yield (0.38 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indian Hotels Co Ltd?

Indian Hotels Co Ltd is trading at ₹585.00 as of 05 April 2026, with a FY2026-2027 high of ₹853 and low of ₹569. The stock is currently near its 52-week low. Market cap stands at ₹83,299 Cr..

How does Indian Hotels Co Ltd's P/E ratio compare to its industry?

Indian Hotels Co Ltd has a P/E ratio of 46.1, 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 Indian Hotels Co Ltd financially healthy?

Key indicators for Indian Hotels Co Ltd: ROCE of 17.2 % indicates efficient capital utilization; ROE of 16.1 % shows strong shareholder returns. Dividend yield is 0.38 %.

Is Indian Hotels Co Ltd profitable and how is the profit trend?

Indian Hotels Co Ltd reported a net profit of ₹2,038 Cr in Mar 2025 on revenue of ₹8,335 Cr. Compared to ₹-265 Cr in Mar 2022, the net profit shows an improving trend.

Does Indian Hotels Co Ltd pay dividends?

Indian Hotels Co Ltd has a dividend yield of 0.38 % at the current price of ₹585.00. 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 Indian Hotels Co 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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