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Last Updated: April 2, 2026, 4:48 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526761 | NSE: HOWARHO

Howard Hotels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹16.87Overvalued by 31.42%vs CMP ₹24.60

P/E (52.0) × ROE (3.6%) × BV (₹11.20) × DY (2.00%)

₹13.00Overvalued by 47.15%vs CMP ₹24.60
MoS: -89.2% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹19.9326%Over (-19%)
Graham NumberEarnings₹10.7716%Over (-56.2%)
Earnings PowerEarnings₹2.0013%Over (-91.9%)
DCFCash Flow₹6.1713%Over (-74.9%)
Net Asset ValueAssets₹11.228%Over (-54.4%)
EV/EBITDAEnterprise₹25.6910%Fair (+4.4%)
Earnings YieldEarnings₹4.608%Over (-81.3%)
Revenue MultipleRevenue₹17.756%Over (-27.8%)
Consensus (8 models)₹13.00100%Overvalued
Key Drivers: ROE 3.6% is below cost of equity. | Wide model spread (₹2–₹26) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 18.1%

*Investments are subject to market risks

Investment Snapshot

49
Howard Hotels Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health38/100 · Weak
ROCE 6.1% WeakROE 3.6% WeakD/E 0.24 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 60.8% Stable
Earnings Quality65/100 · Strong
OPM expanding (7% → 13%) Improving
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 0% YoY FlatOPM: 28.6% (down 4.9% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 52.0 vs industry 305.4 Cheaper than peersROCE 6.1% vs industry 12.6% Below peersROE 3.6% vs industry 10.4% Below peers3Y sales CAGR: 55% 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.

Howard Hotels Ltd Investor Signals

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

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 52.0 vs Ind 305.4 | ROCE 6.1% | ROE 3.6% | CFO/NP N/A
Balance Sheet Stress
40/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.24x | IntCov 0.0x | Current 0.23x | Borrow/Reserve 3.79x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹0 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +99.6% | Q NP +246.3% | Q OPM +46.5 pp
Derived FieldValueHow it is derived
Valuation Gap %-47.2%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves3.79xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-39Latest shareholder count minus previous count
Quarterly Sales Change+99.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+246.3%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+46.5 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:48 am

Market Cap 22.4 Cr.
Current Price 24.6
Intrinsic Value₹13.00
High / Low 33.9/18.0
Stock P/E52.0
Book Value 11.2
Dividend Yield0.00 %
ROCE6.09 %
ROE3.55 %
Face Value 10.0
PEG Ratio2.87

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

View Share Price Target for Howard Hotels Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Howard Hotels Ltd 22.4 Cr. 24.6 33.9/18.052.0 11.20.00 %6.09 %3.55 % 10.0
HLV Ltd 424 Cr. 6.43 15.8/5.5248.4 6.880.00 %5.61 %5.57 % 2.00
Indian Hotels Co Ltd 83,299 Cr. 585 853/56946.1 81.30.38 %17.2 %16.1 % 1.00
Espire Hospitality Ltd 371 Cr. 249 620/20344.2 26.30.00 %16.7 %35.3 % 10.0
India Tourism Development Corporation Ltd (ITDC) 3,392 Cr. 396 714/36842.4 39.50.73 %30.5 %24.2 % 10.0
Industry Average7,257.68 Cr440.10305.42103.090.32%12.62%10.35%6.81

All Competitor Stocks of Howard Hotels Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3.533.362.542.163.834.633.073.015.284.803.182.685.35
Expenses 2.612.382.202.222.654.253.573.553.513.743.343.163.82
Operating Profit 0.920.980.34-0.061.180.38-0.50-0.541.771.06-0.16-0.481.53
OPM % 26.06%29.17%13.39%-2.78%30.81%8.21%-16.29%-17.94%33.52%22.08%-5.03%-17.91%28.60%
Other Income 0.010.050.030.020.020.170.020.020.020.120.040.040.01
Interest 0.050.020.040.050.050.050.120.120.120.070.100.100.10
Depreciation 0.160.090.130.150.180.160.170.170.200.430.250.260.27
Profit before tax 0.720.920.20-0.240.970.34-0.77-0.811.470.68-0.47-0.801.17
Tax % 0.00%46.74%0.00%0.00%0.00%94.12%0.00%0.00%0.00%22.06%0.00%0.00%0.00%
Net Profit 0.710.490.20-0.240.970.02-0.77-0.801.470.53-0.47-0.801.17
EPS in Rs 0.780.540.22-0.261.060.02-0.84-0.881.610.58-0.52-0.881.28

Last Updated: February 1, 2026, 1:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:20 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9.699.208.008.729.2910.659.711.724.3110.2613.1516.1616.01
Expenses 8.278.327.498.198.969.829.542.634.428.4811.2914.3614.06
Operating Profit 1.420.880.510.530.330.830.17-0.91-0.111.781.861.801.95
OPM % 14.65%9.57%6.38%6.08%3.55%7.79%1.75%-52.91%-2.55%17.35%14.14%11.14%12.18%
Other Income 0.130.280.170.200.230.130.120.010.050.080.240.180.21
Interest 0.270.260.100.080.170.200.190.140.130.150.200.440.37
Depreciation 0.870.680.650.700.700.770.670.600.520.540.620.961.21
Profit before tax 0.410.22-0.07-0.05-0.31-0.01-0.57-1.64-0.711.171.280.580.58
Tax % 41.46%22.73%-128.57%-20.00%-80.65%-100.00%33.33%-7.93%7.04%36.75%25.00%25.86%
Net Profit 0.250.170.02-0.04-0.060.00-0.76-1.51-0.770.740.950.430.43
EPS in Rs 0.270.190.02-0.04-0.070.00-0.83-1.66-0.840.811.040.470.46
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-32.00%-88.24%-300.00%-50.00%100.00%-98.68%49.01%196.10%28.38%-54.74%
Change in YoY Net Profit Growth (%)0.00%-56.24%-211.76%250.00%150.00%-198.68%147.69%147.10%-167.73%-83.12%

Howard Hotels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 3:03 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9.119.119.119.119.119.119.119.119.119.119.119.119.11
Reserves 3.403.493.513.483.233.102.360.890.180.961.922.381.11
Borrowings 2.141.951.761.852.222.142.022.412.392.645.064.584.21
Other Liabilities 2.592.582.481.451.702.001.861.662.032.393.513.223.35
Total Liabilities 17.2417.1316.8615.8916.2616.3515.3514.0713.7115.1019.6019.2917.78
Fixed Assets 13.2112.8012.2912.9614.2213.6613.3712.8812.4412.6415.9315.8215.35
CWIP 0.000.841.180.660.000.000.000.000.160.360.000.000.00
Investments 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets 4.033.493.392.272.042.691.981.191.112.103.673.472.43
Total Assets 17.2417.1316.8615.8916.2616.3515.3514.0713.7115.1019.6019.2917.78

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1.671.370.720.901.000.760.43-0.610.411.472.232.07
Cash from Investing Activity + -1.41-1.16-0.49-0.85-1.29-0.21-0.38-0.11-0.25-0.93-3.50-1.85
Cash from Financing Activity + -1.36-0.45-0.260.100.08-0.22-0.210.27-0.160.112.23-0.92
Net Cash Flow -1.10-0.24-0.030.16-0.210.33-0.16-0.440.010.640.95-0.71
Free Cash Flow 0.260.220.230.05-0.290.550.05-0.720.160.54-1.271.25
CFO/OP 118%156%141%170%309%92%253%67%-391%83%120%115%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-0.72-1.07-1.25-1.32-1.89-1.31-1.85-3.32-2.50-0.86-3.20-2.78

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 48.9729.3629.6622.1828.6834.6227.8278.5227.9511.387.776.10
Inventory Days 49.0358.7975.2350.8239.96106.4699.5599.18157.77101.86
Days Payable 92.6166.14114.24122.44127.88699.58580.68222.17247.2695.07
Cash Conversion Cycle 5.3922.01-9.3522.1828.68-37.00-60.10-514.61-453.19-111.61-81.7112.89
Working Capital Days 7.91-2.78-17.34-74.51-87.62-79.51-88.71-647.24-89.77-30.95-56.07-39.53
ROCE %4.61%3.29%0.28%0.21%-0.97%1.31%-2.66%-11.58%-4.82%10.82%9.86%6.09%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 60.83%60.83%60.83%60.83%60.83%60.83%60.83%60.83%60.83%60.83%60.83%60.83%
Public 39.17%39.16%39.18%39.18%39.17%39.17%39.17%39.17%39.17%39.18%39.16%39.18%
No. of Shareholders 6,3666,3296,3856,4616,6566,6636,6586,6616,6546,6286,6366,597

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.471.040.81-0.85-1.66
Diluted EPS (Rs.) 0.471.040.81-0.85-1.66
Cash EPS (Rs.) 1.531.731.41-0.27-1.00
Book Value[Excl.RevalReserv]/Share (Rs.) 12.6112.1111.0510.1910.98
Book Value[Incl.RevalReserv]/Share (Rs.) 12.6112.1111.0510.1910.98
Revenue From Operations / Share (Rs.) 17.7314.4311.254.731.88
PBDIT / Share (Rs.) 2.172.302.04-0.06-0.99
PBIT / Share (Rs.) 1.111.611.45-0.63-1.65
PBT / Share (Rs.) 0.621.401.28-0.78-1.80
Net Profit / Share (Rs.) 0.461.040.81-0.84-1.66
PBDIT Margin (%) 12.2215.9318.11-1.35-52.96
PBIT Margin (%) 6.2511.1812.85-13.48-87.74
PBT Margin (%) 3.549.7011.41-16.58-95.62
Net Profit Margin (%) 2.647.237.22-17.94-88.01
Return on Networth / Equity (%) 3.718.617.36-8.32-15.08
Return on Capital Employeed (%) 6.149.029.98-4.93-14.82
Return On Assets (%) 2.214.854.90-5.64-10.72
Long Term Debt / Equity (X) 0.330.390.250.250.00
Total Debt / Equity (X) 0.390.450.260.250.24
Asset Turnover Ratio (%) 0.830.750.710.310.11
Current Ratio (X) 1.090.960.910.490.23
Quick Ratio (X) 0.870.760.780.430.21
Inventory Turnover Ratio (X) 25.440.000.000.000.00
Interest Coverage Ratio (X) 4.5210.7112.59-0.43-6.73
Interest Coverage Ratio (Post Tax) (X) 1.985.866.02-4.78-10.18
Enterprise Value (Cr.) 24.0923.099.297.786.27
EV / Net Operating Revenue (X) 1.491.760.901.813.65
EV / EBITDA (X) 12.2011.015.00-133.27-6.90
MarketCap / Net Operating Revenue (X) 1.331.500.711.272.28
Price / BV (X) 1.871.790.730.580.39
Price / Net Operating Revenue (X) 1.331.500.711.272.29
EarningsYield 0.010.040.10-0.14-0.38

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Howard Hotels Ltd. is a Public Limited Listed company incorporated on 11/12/1989 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1989PLC038622 and registration number is 038622. Currently Company is involved in the business activities of Short term accommodation activities. Company's Total Operating Revenue is Rs. 16.16 Cr. and Equity Capital is Rs. 9.11 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & Restaurants20, Maurya Complex, New Delhi Delhi 110092Contact not found
Management
NamePosition Held
Mr. Nirankar Nath MittalChairman & Managing Director
Mr. Nirvikar Nath MittalWhole Time Director
Mr. Shri Kant MittalWhole Time Director
Mrs. Archana JainIndependent Director
Mr. Kshitiz AgarwalIndependent Director
Mr. Ankit AgrawalIndependent Director

FAQ

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

As of 05 April 2026, Howard Hotels Ltd's intrinsic value is ₹13.00, which is 47.15% lower than the current market price of ₹24.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.55 %), book value (₹11.2), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Howard Hotels Ltd is trading at ₹24.60 as of 05 April 2026, with a FY2026-2027 high of ₹33.9 and low of ₹18.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹22.4 Cr..

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

Howard Hotels Ltd has a P/E ratio of 52.0, 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 Howard Hotels Ltd financially healthy?

Key indicators for Howard Hotels Ltd: ROCE of 6.09 % is on the lower side compared to the industry average of 12.62%; ROE of 3.55 % is below ideal levels (industry average: 10.35%). Dividend yield is 0.00 %.

Is Howard Hotels Ltd profitable and how is the profit trend?

Howard Hotels Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹16 Cr. Compared to ₹-1 Cr in Mar 2022, the net profit shows an improving trend.

Does Howard Hotels Ltd pay dividends?

Howard Hotels Ltd has a dividend yield of 0.00 % at the current price of ₹24.60. The company is currently not paying meaningful dividends.

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 Howard 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