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About
Viceroy Hotels Ltd (VHLTD)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523796 NSE: VHLTD Hotel, Resort & Restaurants | Small Cap | Viceroy Hotels Share Price
₹125.15 -3.95 (-3.06%)
As on 25-Sep'26 16:59
Viceroy Hotels Ltd (VHLTD)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523796 NSE: VHLTD Hotel, Resort & Restaurants | Small Cap | Viceroy Hotels Share Price
₹125.15 -3.95 (-3.06%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹961 Cr.
Current Price
₹125.2
52-Week Low / High
₹115 / 157
TTM EPS
₹2.4
TTM Sales
₹143 Cr.
Book Value per Share
₹48.6
P/E Ratio
52.46
Higher than its 5-year historical median
Industry PE
39.5
Price to Book (P/B)
2.57
Higher than its 5-year historical median
Price to Sales (P/S)
6.71
Higher than its 5-year historical median
EV/EBITDA
27.05
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
7.19%
Outperforms industry median
Return on Capital Employed (ROCE)
7.14%
In line with industry median
Return on Assets (ROA)
4.47%
Operating Profit Margin
26.6%
Net Profit Margin
12.79%
Gross Profit Margin
25.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.02%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.82%
Net Profit Growth (1 Year)
-
-76.51%
Asset Quality
Promoter Holding
84.11%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹297 Cr.
Equity
₹76.8 Cr.
Face Value
₹10
All Time Low / High
₹0.71 / 156.80
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Viceroy Hotels Ltd a good quality company?
Viceroy Hotels Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Viceroy Hotels Ltd performance compare with that of its Peers?
Revenue growth of Viceroy Hotels Ltd vs industry peers?
Viceroy Hotels Ltd revenue CAGR is 32.73%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Viceroy Hotels Ltd?
Promoters hold 84.11% of the Viceroy Hotels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Viceroy Hotels Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 20.9% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Viceroy Hotels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.4% | -179.7% | -47.1% | -99.9% | -53.7% | -12.9% | 8.1% | 4.8% | 10.7% | 7.3% | - |
| Value Creation Index ⓘ | -0.8 | NA | NA | NA | NA | NA | -0.4 | -0.7 | -0.2 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 83.1 | 83.8 | 88.1 | 88.1 | 24.7 | 46.9 | 98.7 | 118 | 132 | 130 | 137 |
| Sales YoY Gr. | - | 0.8% | 5.1% | 0% | -72% | 90.2% | 110.4% | 20.1% | 11.9% | -2% | - |
| Adj EPS ⓘ | -1.3 | -32.2 | -1.6 | -2 | -3.5 | -2.1 | 1.2 | 1.3 | 11.2 | 2.7 | 2.9 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | 8.9% | 738.8% | -76.3% | - |
| BVPS (₹) ⓘ | 17.2 | -77.4 | -80.1 | -82 | -85.5 | -87.7 | -86.6 | 17.1 | 36 | 38.7 | 48 |
| Adj Net Profit ⓘ | -6 | -150 | -7.4 | -9.2 | -16.3 | -9.9 | 5.7 | 9.3 | 75.9 | 18.1 | 22 |
| Cash Flow from Ops. ⓘ | 83.8 | -9.6 | 7.2 | -1.7 | 0.1 | 0.1 | 9.4 | 18.6 | 15.1 | 47.5 | - |
| Debt/CF from Ops. ⓘ | 4.1 | -40.2 | 53.4 | -224.1 | 3637.6 | 7320.8 | 50 | 4.1 | 3.5 | 4.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.1% | 39.4% | 9.6% | -2% | ||||
| Adj EPS ⓘ | NA | NA | 29.5% | -76.3% | ||||
| BVPSⓘ | 9.5% | NA | NA | 7.4% | ||||
| Share Price | 20.9% | 108.2% | 271% | 4.8% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -7 | 107.7 | 2 | 2.5 | 4.2 | 2.5 | -1.4 | -6.6 | 41.8 | 7.1 | 6.7 |
| Op. Profit Mgn % ⓘ | 30.3 | 12.7 | 7.7 | 2.2 | -46.4 | -0.4 | 15.2 | 18.9 | 25.7 | 25.7 | 26.2 |
| Net Profit Mgn % ⓘ | -7.2 | -178.4 | -8.4 | -10.5 | -65.9 | -21 | 5.8 | 7.8 | 57.3 | 13.9 | 16.2 |
| Debt to Equity ⓘ | 4.4 | -1.1 | -1 | -1 | -1.2 | -1.2 | -1.2 | 0.6 | 0.2 | 0.9 | - |
| Working Cap Days ⓘ | 675 | 354 | 104 | 112 | 352 | 159 | 92 | 85 | 108 | 144 | 70 |
| Cash Conv. Cycle ⓘ | -43 | -57 | -64 | -64 | -127 | -139 | -87 | -26 | -3 | -8 | 35 |
Valuation of Viceroy Hotels - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 124 | 118 | 122 | 122 | 35 | 52 | 120 | 138 | 137 | 143 |
| Operating Expenses ⓘ + | 100 | 111 | 126 | 131 | 55 | 87 | 111 | 120 | 104 | 105 |
| Operating Profit ⓘ | 25 | 7 | -4 | -8 | -20 | -34 | 9 | 18 | 33 | 38 |
| Operating Profit Margin (%) | 20.0% | 6.2% | -3.0% | -6.9% | -57.0% | -65.5% | 7.2% | 12.9% | 24.3% | 26.6% |
| Other Income ⓘ + | 4 | 19 | 3 | 5 | 6 | 18 | 0 | 1 | 4 | 7 |
| Interest ⓘ | 28 | 23 | 2 | 1 | 1 | 1 | 0 | 1 | 5 | 9 |
| Depreciation ⓘ | 9 | 10 | 11 | 10 | 10 | 9 | 9 | 14 | 12 | 15 |
| Profit Before Tax ⓘ | -16 | -433 | -14 | -15 | -24 | -26 | 0 | 0 | 21 | 21 |
| Tax ⓘ | 1 | 10 | 2 | 2 | -4 | 0 | 1 | -2 | -57 | 3 |
| Profit After Tax | -17 | -443 | -16 | -17 | -21 | -26 | -0 | 2 | 78 | 18 |
| PAT Margin (%) | -13.7% | -375.0% | -12.9% | -13.8% | -59.2% | -50.2% | -0.1% | 1.7% | 56.8% | 12.8% |
| Adjusted EPS (₹) | -3.1 | -95.6 | -3.4 | -3.6 | -4.4 | -5.7 | -0.0 | 0.4 | 11.5 | 2.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 163 | -365 | -381 | -398 | -418 | -445 | -445 | 67 | 244 | 267 | |
| Debt + | 464 | 533 | 540 | 547 | 544 | 548 | 512 | 167 | 47 | 248 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 23 | 30 | 31 | 30 | 30 | 20 | 21 | 8 | 5 | 8 | |
| Others Liabilities ⓘ | 277 | 244 | 251 | 250 | 250 | 258 | 264 | 86 | -13 | 14 | |
| Total Liabilities ⓘ | 927 | 442 | 441 | 429 | 405 | 381 | 352 | 328 | 284 | 536 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 187 | 282 | 273 | 263 | 249 | 230 | 222 | 214 | 178 | 405 | |
| CWIP ⓘ | 437 | 92 | 92 | 92 | 100 | 100 | 57 | 37 | 15 | 57 | |
| Investments ⓘ | 130 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 | 1 | |
| Inventories | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Trade Receivables | 12 | 12 | 14 | 12 | 9 | 6 | 9 | 8 | 7 | 6 | |
| Cash Equivalents | 4 | -1 | 6 | 0 | 1 | 3 | 13 | 30 | 7 | 19 | |
| Others Assets ⓘ | 156 | 55 | 55 | 60 | 45 | 42 | 50 | 38 | 46 | 47 | |
| Total Assets ⓘ | 927 | 442 | 441 | 429 | 405 | 381 | 352 | 328 | 284 | 536 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 58 | -6 | 1 | -17 | 13 | -7 | -23 | 10 | 32 | 58 |
| Cash Flow From Investing Activity ⓘ + | -15 | -44 | -2 | 5 | -8 | 5 | 44 | -11 | -74 | -210 |
| Cash Flow From Financing Activity ⓘ + | -40 | 46 | 7 | 6 | -4 | 4 | -11 | 14 | -83 | 204 |
| Net Cash Flow ⓘ | 3 | -5 | 7 | -5 | 1 | 2 | 10 | 14 | -124 | 53 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -10.63 | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 50.39 | 7.19 |
| ROCE (%) | 1.87 | N/A | N/A | N/A | N/A | N/A | N/A | 0.87 | 9.42 | 7.14 |
| Asset Turnover Ratio | 0.13 | 0.17 | 0.28 | 0.28 | 0.08 | 0.13 | 0.33 | 0.41 | 0.45 | 0.35 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5 | 0.41 | 3.22 |
| Working Capital Days | ||||||||||
| Receivable Days | 52.60 | 36.80 | 37.80 | 38.40 | 110.30 | 51.10 | 22.70 | 22.50 | 19.70 | 17 |
| Inventory Days | 5.30 | 5.10 | 5.50 | 6.20 | 18.40 | 8 | 3.30 | 2.70 | 1.80 | 1.60 |
| Payable Days | 286.10 | 310.20 | 336.20 | 351 | 677.20 | 249.20 | 224.30 | 147.40 | 163.50 | 162 |
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Viceroy Hotels Ltd FAQs
The current trading price of Viceroy Hotels on 25-Sep-2026 16:59 is ₹125.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of Viceroy Hotels stood at ₹960.9 Cr
The latest P/E ratio of Viceroy Hotels as of 24-Sep-2026 is 43.20.
The latest P/B ratio of Viceroy Hotels as of 24-Sep-2026 is 2.61.
The 52-week high of Viceroy Hotels is ₹156.8 and the 52-week low is ₹114.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Viceroy Hotels is ₹137 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Viceroy Hotels Ltd is a below average quality company.
The key valuation ratios of Viceroy Hotels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Viceroy Hotels Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Viceroy Hotels Ltd
For more than two decades Viceroy Hotels has been helping define hospitality in Hyderabad. The company develops hotels, restaurants & new F & B concepts, which have earned it acclaim in the industry, thanks to fresh and timeless ideas which transcend national boundaries.
With their vision the company has taken Hyderabad in new direction and reinvigorated the hospitality in the city. Viceroy Hotels has brought Marriott Hyderabad, the first international brand hotel in the city. More recently it has established Waterfront & Eat Street as new dining and entertainment hubs.
At Viceroy Hotels the company does more than serve guests. Each one of its properties embodies the Viceroy Hotels philosophy, providing a unique location, distinct concept and excellent value. The result is a truly memorable experience. Today Viceroy Hotels is a dynamic company with operations all across the country, and plans are underway for strategic global expansion.
The business area of the company spreads to:
- Hotels
- Restaurants
- F & B - Retail
Luxury Hotels
- Marriott Hyderabad - The erstwhile Viceroy Hotel & Convention Center has been turned into a stunningly beautiful hotel and rechristened as Marriott Hyderabad. The 297-room hotel overlooking the Hussain Sagar is now the epitome of hospitality in Hyderabad.
- J W Marriott Chennai - The 350 room super luxury hotel overlooking the Bay of Bengal is scheduled to open by April ’09. This premium hotel would add a new dimension to the ever-growing capital of Tamil Nadu – Chennai – which is vibrating ceaselessly as a buoyant metropolis city.
- Renaissance Bangalore- Modern city requires a modern structure – Viceroy Hotels Limited is coming with a 21 storey ultra modern designed hotel in Bangalore overlooking the famous Bangalore Racecourse. This 250-room property would again be managed by the Marriott International and branded as Renaissance – modern luxury hotel for discerning businessmen. When completed in 2010 it would change the skyline of Bangalore.
- Renaissance Vizag- Vizag has been touted as one of the five fastest growing cities in India and Viceroy Hotels Limited is planning to build a luxury 200-room hotel overlooking the beautiful Ramakrishna beach. Project slated to take off in 2008.
Business Hotels
- Courtyard Hyderabad- Keeping in mind the requirements of the city Viceroy Hotels Limited is building a smart business hotel, next to Marriott Hyderabad, scheduled to open by April 2009. This 200 room property with modern design and contemporary styling would complement the existing hotel and would be managed by the Marriott.
Comfort Hotels
Serviced Apartments & Resorts
Restaurants
- Minerva
- Blue Fox
- Waterfront
- Eat Street (Food Court)
F & B - Retail
BreadTalk- BreadTalk is a revolutionary boutique bakery started in Singapore in 2000. With its concept of challenging the norm, open bakery and uncompromising dedications to the consumers’ experience; BreadTalk is the most popular and fastest growing bakeries in the region.
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