Howard Hotels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹43.31Undervalued by 140.61%vs CMP ₹18.00

P/E (149.0) × ROE (2.7%) × BV (₹13.00) × DY (2.00%)

₹21.78Undervalued by 21.00%vs CMP ₹18.00
MoS: +17.4% (Adequate)Confidence: 48/100 (Moderate)Models: 2 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹51.1626%Under (+184.2%)
Graham NumberEarnings₹11.6016%Over (-35.6%)
Earnings PowerEarnings₹3.0513%Over (-83.1%)
DCFCash Flow₹7.2213%Over (-59.9%)
Net Asset ValueAssets₹13.028%Over (-27.7%)
EV/EBITDAEnterprise₹26.7310%Under (+48.5%)
Earnings YieldEarnings₹4.608%Over (-74.4%)
Revenue MultipleRevenue₹17.746%Fair (-1.4%)
Consensus (8 models)₹21.78100%Undervalued
Key Drivers: P/E of 149 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 2.7% is below cost of equity.

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

Analyst Summary

Howard Hotels Ltd operates in the Hotels, Resorts & Restaurants segment, NSE: HOWARHO | BSE: 526761, current market price is ₹18.00, market cap is 16.4 Cr.. At a glance, stock P/E is 149, ROE is 2.74 %, ROCE is 5.07 %, book value is 13.0, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹21.78, which is about 21.0% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹16 Cr versus the prior period change of 22.9%, while latest net profit is about ₹0 Cr with a prior-period change of -54.7%. The 52-week range shown on this page is 33.9/16.7, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisHoward 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 L74899DL1…

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

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 5.1% WeakROE 2.7% 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 149.0 vs industry 654.4 Cheaper than peersROCE 5.1% vs industry 10.5% Below peersROE 2.7% vs industry 10.8% 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.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 10:22 am

Market Cap 16.4 Cr.
Current Price 18.0
Intrinsic Value₹21.78
High / Low 33.9/16.7
Stock P/E149
Book Value 13.0
Dividend Yield0.00 %
ROCE5.07 %
ROE2.74 %
Face Value 10.0
PEG Ratio8.22

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 16.4 Cr. 18.0 33.9/16.7149 13.00.00 %5.07 %2.74 % 10.0
Jubilant Foodworks Ltd 33,514 Cr. 508 668/40888.0 34.70.24 %14.8 %21.0 % 2.00
Cindrella Hotels Ltd 18.3 Cr. 51.0 73.5/45.876.4 31.11.96 %3.65 %1.66 % 10.0
India Tourism Development Corporation Ltd (ITDC) 5,837 Cr. 680 822/36870.5 49.30.43 %29.8 %21.0 % 10.0
HLV Ltd 430 Cr. 6.53 12.6/5.5255.2 7.140.00 %1.60 %1.07 % 2.00
Industry Average8,851.48 Cr496.77654.37113.880.29%10.48%10.75%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: August 21, 2026, 6:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 9.119.119.119.119.119.119.119.119.119.119.119.11
Reserves 3.493.513.483.233.102.360.890.180.961.922.382.75
Borrowings 1.951.761.852.222.142.022.412.392.645.064.583.25
Other Liabilities 2.582.481.451.702.001.861.662.032.393.513.223.33
Total Liabilities 17.1316.8615.8916.2616.3515.3514.0713.7115.1019.6019.2918.44
Fixed Assets 12.8012.2912.9614.2213.6613.3712.8812.4412.6415.9315.8215.32
CWIP 0.841.180.660.000.000.000.000.160.360.000.000.00
Investments 0.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets 3.493.392.272.042.691.981.191.112.103.673.473.12
Total Assets 17.1316.8615.8916.2616.3515.3514.0713.7115.1019.6019.2918.44

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 1.370.720.901.000.760.43-0.610.411.472.232.072.04
Cash from Investing Activity + -1.16-0.49-0.85-1.29-0.21-0.38-0.11-0.25-0.93-3.50-1.85-0.35
Cash from Financing Activity + -0.45-0.260.100.08-0.22-0.210.27-0.160.112.23-0.92-1.68
Net Cash Flow -0.24-0.030.16-0.210.33-0.16-0.440.010.640.95-0.710.01
Free Cash Flow 0.220.230.05-0.290.550.05-0.720.160.54-1.271.251.59
CFO/OP 156%141%170%309%92%253%67%-391%83%120%115%131%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow1.42-1.07-1.25-1.32-1.89-1.31-1.85-3.32-2.50-0.86-3.20-2.78

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

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
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 39.18%39.18%39.17%39.17%39.17%39.17%39.17%39.18%39.16%39.18%39.17%39.17%
No. of Shareholders 6,3856,4616,6566,6636,6586,6616,6546,6286,6366,5976,5456,532

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

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

FAQ

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

As of 03 September 2026, Howard Hotels Ltd's intrinsic value is ₹21.78, which is 21.00% higher than the current market price of ₹18.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.74 %), book value (₹13.0), 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 ₹18.00 as of 03 September 2026, with a FY2026-2027 high of ₹33.9 and low of ₹16.7. The stock is currently near its 52-week low. Market cap stands at ₹16.4 Cr..

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

Howard Hotels Ltd has a P/E ratio of 149, 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 Howard Hotels Ltd financially healthy?

Key indicators for Howard Hotels Ltd: ROCE of 5.07 % is on the lower side compared to the industry average of 10.48%; ROE of 2.74 % is below ideal levels (industry average: 10.75%). 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 ₹18.00. The company is currently not paying meaningful dividends.

Last Updated: August 25, 2026, 10:22 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 526761 | NSE: HOWARHO
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