Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Lemon Tree Hotels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹93.61Overvalued by 14.12%vs CMP ₹109.00

P/E (33.6) × ROE (19.4%) × BV (₹17.60) × DY (2.00%)

₹70.04Overvalued by 35.74%vs CMP ₹109.00
MoS: -55.6% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹128.5430%Under (+17.9%)
Graham NumberEarnings₹33.1818%Over (-69.6%)
DCFCash Flow₹61.6614%Over (-43.4%)
Net Asset ValueAssets₹17.6410%Over (-83.8%)
EV/EBITDAEnterprise₹92.1612%Over (-15.4%)
Earnings YieldEarnings₹27.8010%Over (-74.5%)
Revenue MultipleRevenue₹24.457%Over (-77.6%)
Consensus (7 models)₹70.04100%Overvalued
Key Drivers: EPS CAGR 37.3% lifts DCF — verify sustainability. | Wide model spread (₹18–₹129) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 37.3%

*Investments are subject to market risks

Analyst Summary

Lemon Tree Hotels Ltd operates in the Hotels, Resorts & Restaurants segment, NSE: LEMONTREE | BSE: 541233, current market price is ₹109.00, market cap is 8,601 Cr.. At a glance, stock P/E is 33.6, ROE is 19.4 %, ROCE is 14.0 %, book value is 17.6, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹70.04, around 35.7% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹1,286 Cr versus the prior period change of 20.1%, while latest net profit is about ₹243 Cr with a prior-period change of 33.5%. The 52-week range shown on this page is 181/99.6, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisLemon 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 L7489…

This summary is generated from the stock page data available for Lemon Tree Hotels Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

64
Lemon Tree Hotels Ltd scores 64/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 14.0% GoodROE 19.4% ExcellentD/E 1.71 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money20/100 · Weak
FII holding down -2.01% (6mo) SellingDII holding down 5.36% MF sellingPromoter holding at 22.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (41% → 49%) Improving
Quarterly Momentum80/100 · Strong
Revenue (4Q): +14% YoY GrowingProfit (4Q): +28% YoY Strong
Industry Rank100/100 · Strong
P/E 33.6 vs industry 654.4 Cheaper than peersROCE 14.0% vs industry 10.5% Above peersROE 19.4% vs industry 10.8% Above peers3Y sales CAGR: 47% 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.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 7:14 am

Market Cap 8,601 Cr.
Current Price 109
Intrinsic Value₹70.04
High / Low 181/99.6
Stock P/E33.6
Book Value 17.6
Dividend Yield0.00 %
ROCE14.0 %
ROE19.4 %
Face Value 10.0
PEG Ratio0.90

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

View Share Price Target for Lemon Tree Hotels Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Lemon Tree Hotels Ltd 8,601 Cr. 109 181/99.633.6 17.60.00 %14.0 %19.4 % 10.0
India Tourism Development Corporation Ltd (ITDC) 5,837 Cr. 680 822/36870.5 49.30.43 %29.8 %21.0 % 10.0
Oriental Hotels Ltd 2,532 Cr. 142 150/80.037.7 42.70.46 %12.1 %9.49 % 1.00
Taj GVK Hotels & Resorts Ltd 2,216 Cr. 353 540/28122.3 1170.57 %21.5 %17.2 % 2.00
EIH Associated Hotels Ltd 1,815 Cr. 298 435/26620.2 98.91.18 %21.2 %15.8 % 10.0
Industry Average8,851.48 Cr496.77654.37113.880.29%10.48%10.75%6.81

All Competitor Stocks of Lemon Tree Hotels Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 234253224227290327268284355379316306406
Expenses 107113118125149156153154171175176176201
Operating Profit 126140106102141171115131184203140131205
OPM % 54%55%47%45%49%52%43%46%52%54%44%43%50%
Other Income 121314011122-30
Interest 44454847535352515047454241
Depreciation 24242323333335353535343435
Profit before tax 5973363556892945100122635699
Tax % 18%20%24%25%21%6%31%23%20%12%23%25%17%
Net Profit 495928264484203580108484282
EPS in Rs 0.500.560.300.290.450.850.250.370.791.070.480.440.79

Last Updated: March 4, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 8:46 pm

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2903684124845506692524028751,0711,2861,407
Expenses 239268295348381429194283427548652728
Operating Profit 5110011713616924157119448523634679
OPM % 18%27%28%28%31%36%23%30%51%49%49%48%
Other Income 135121315112222101313-25
Interest 7272787885162190181182208211176
Depreciation 52525153549210810497112139138
Profit before tax -60-19-01845-2-219-145178216296340
Tax % 5%35%1,452%21%-25%499%-15%-5%21%16%18%
Net Profit -63-26-51556-13-187-137141182243280
EPS in Rs -0.81-0.35-0.080.180.67-0.12-1.60-1.101.451.872.482.78
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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:49%
Stock Price CAGR
10 Years:%
5 Years:44%
3 Years:33%
1 Year:30%
Return on Equity
10 Years:3%
5 Years:5%
3 Years:16%
Last Year:18%

Last Updated: September 5, 2025, 9:40 am

Balance Sheet

Last Updated: July 6, 2026, 5:32 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 776778781786789790790791792792792792
Reserves 34302728861991274062175372600
Borrowings 5716257991,0111,1962,0172,1592,1282,1772,3362,1482,004
Other Liabilities 515572604632701756738674698725763889
Total Liabilities 1,8962,0042,2122,4582,7723,7633,8153,6333,7294,0284,0754,285
Fixed Assets 1,2361,2311,4181,4601,6043,3073,1943,0512,9573,6413,5563,563
CWIP 1672593515596641902422974822559108
Investments 31661535146106134573
Other Assets 462508436425469252374276284348415540
Total Assets 1,8962,0042,2122,4582,7723,7633,8153,6333,7294,0284,0754,285

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -516812211518715141135385465542542
Cash from Investing Activity + -150-103-229-260-289-598-66-45-283-397-127-169
Cash from Financing Activity + 15918111149113457111-163-132-59-392-370
Net Cash Flow -42-164310987-73-3110223
Free Cash Flow -213-64-108-128-93-482-2369223134448406
CFO/OP -74%80%108%86%119%63%55%115%91%96%93%85%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-520.00-525.00-682.00135.00168.00239.0055.00117.00446.00521.00632.00

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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2324284056274526232422
Inventory Days 626257494857154112
Days Payable 4295996927397685841,648807
Cash Conversion Cycle -344-513-608-650-664-500-1,450-668232422
Working Capital Days -61-169-173-108-103-109-302-166-110-73-48
ROCE %3%4%5%5%5%-1%1%10%11%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 2,81,0032,98,1233,25,8003,30,9103,57,9683,55,1343,67,5283,64,2513,68,8113,68,9333,99,2134,22,447

Shareholding Pattern Chart

No. of Shareholders

Lemon Tree 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
SBI Small Cap Fund 33,326,964 1.25 430.2234,815,3722026-02-23 05:11:58-4.28%
Nippon India Small Cap Fund 13,032,739 0.26 168.2413,032,7392025-04-22 15:56:560%
Franklin India Small Cap Fund 12,487,886 1.26 161.2113,503,8472026-01-26 05:25:39-7.52%
HSBC Small Cap Fund 12,388,561 1.06 159.9216,004,2452026-02-23 05:11:58-22.59%
Franklin India Opportunities Fund 12,091,547 1.89 156.0912,833,4012026-02-23 05:11:58-5.78%
Franklin India Flexi Cap Fund 7,682,853 0.51 99.189,657,4032026-02-23 05:11:58-20.45%
Franklin India Multi Cap Fund 7,277,439 1.93 93.94N/AN/AN/A
HSBC Multi Cap Fund 4,216,350 1.05 54.435,078,0902026-02-23 05:11:58-16.97%
SBI Large & Midcap Fund 4,210,285 0.14 54.358,000,0002025-12-08 03:07:04-47.37%
Franklin India ELSS Tax Saver Fund 3,303,337 0.66 42.643,645,3992026-02-23 05:11:58-9.38%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.481.881.45-1.11-1.61
Diluted EPS (Rs.) 2.481.881.45-1.11-1.61
Cash EPS (Rs.) 4.833.702.98-0.43-0.94
Book Value[Excl.RevalReserv]/Share (Rs.) 14.6912.2117.8617.6919.42
Book Value[Incl.RevalReserv]/Share (Rs.) 14.6912.2117.8617.6919.42
Revenue From Operations / Share (Rs.) 16.2413.5311.055.093.18
PBDIT / Share (Rs.) 8.176.685.701.680.94
PBIT / Share (Rs.) 6.415.264.480.35-0.41
PBT / Share (Rs.) 3.742.722.24-1.84-2.72
Net Profit / Share (Rs.) 3.072.291.76-1.75-2.31
NP After MI And SOA / Share (Rs.) 2.481.881.45-1.11-1.61
PBDIT Margin (%) 50.3049.3751.5532.9829.60
PBIT Margin (%) 39.4738.9040.517.04-13.11
PBT Margin (%) 23.0520.0820.27-36.20-85.31
Net Profit Margin (%) 18.9216.8915.96-34.40-72.51
NP After MI And SOA Margin (%) 15.2813.8613.09-21.73-50.47
Return on Networth / Equity (%) 16.8915.3513.41-10.51-13.84
Return on Capital Employeed (%) 13.5811.3410.540.83-0.93
Return On Assets (%) 4.813.683.06-2.40-3.33
Long Term Debt / Equity (X) 1.281.731.781.871.65
Total Debt / Equity (X) 1.461.952.042.041.71
Asset Turnover Ratio (%) 0.310.270.110.040.02
Current Ratio (X) 0.850.570.360.510.77
Quick Ratio (X) 0.810.530.330.480.75
Inventory Turnover Ratio (X) 92.9587.950.000.000.00
Interest Coverage Ratio (X) 3.062.622.550.760.41
Interest Coverage Ratio (Post Tax) (X) 2.151.901.790.200.00
Enterprise Value (Cr.) 12419.2912768.298395.487233.664981.78
EV / Net Operating Revenue (X) 9.6611.929.5917.9819.79
EV / EBITDA (X) 19.1924.1418.6154.5166.84
MarketCap / Net Operating Revenue (X) 7.919.676.9912.4811.65
Price / BV (X) 8.7510.717.176.043.20
Price / Net Operating Revenue (X) 7.919.676.9912.4911.65
EarningsYield 0.010.010.01-0.01-0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Lemon Tree Hotels Ltd and is it undervalued?

As of 11 September 2026, Lemon Tree Hotels Ltd's intrinsic value is ₹70.04, which is 35.74% lower than the current market price of ₹109.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.4 %), book value (₹17.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Lemon Tree Hotels Ltd?

Lemon Tree Hotels Ltd is trading at ₹109.00 as of 11 September 2026, with a FY2026-2027 high of ₹181 and low of ₹99.6. The stock is currently near its 52-week low. Market cap stands at ₹8,601 Cr..

How does Lemon Tree Hotels Ltd's P/E ratio compare to its industry?

Lemon Tree Hotels Ltd has a P/E ratio of 33.6, which is below the industry average of 654.37. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Lemon Tree Hotels Ltd financially healthy?

Key indicators for Lemon Tree Hotels Ltd: ROCE of 14.0 % is moderate; ROE of 19.4 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Lemon Tree Hotels Ltd profitable and how is the profit trend?

Lemon Tree Hotels Ltd reported a net profit of ₹243 Cr in Mar 2025 on revenue of ₹1,286 Cr. Compared to ₹-137 Cr in Mar 2022, the net profit shows an improving trend.

Does Lemon Tree Hotels Ltd pay dividends?

Lemon Tree Hotels Ltd has a dividend yield of 0.00 % at the current price of ₹109.00. The company is currently not paying meaningful dividends.

Last Updated: August 25, 2026, 7:14 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 541233 | NSE: LEMONTREE
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 Lemon Tree 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
Explore Industry-wise Stock Analysis Reports