SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

The Indian Hotels Company Ltd (INDHOTEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500850 NSE: INDHOTEL Hotel, Resort & Restaurants | Mid Cap | Indian Hotel Share Price

₹666.80 14.35 (2.20%)

As on 09-Jun'26 16:59

The Indian Hotels Company Ltd (INDHOTEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500850 NSE: INDHOTEL Hotel, Resort & Restaurants | Mid Cap | Indian Hotel Share Price

₹666.80 14.35 (2.20%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹92,872 Cr.
Current Price
₹666.8
52-Week Low / High
₹565 / 812
TTM EPS
₹14.1
TTM Sales
₹5,380 Cr.
Book Value per Share
₹89.7
P/E Ratio
46.16
Lower than its 5-year historical median
Industry PE
37.9
Price to Book (P/B)
7.27
Higher than its 5-year historical median
Price to Sales (P/S)
17.26
In line with its 5-year historical median
EV/EBITDA
35.99
Lower than its 5-year historical median
Dividend Yield
0.57%
Profitability Efficiency
Return on Equity (ROE)
16.75%
Outperforms industry median
Return on Capital Employed (ROCE)
22.38%
Outperforms industry median
Return on Assets (ROA)
13.63%
Operating Profit Margin
42.4%
Net Profit Margin
37.4%
Gross Profit Margin
45.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
9.42%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.33%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
42.36%
Asset Quality
Promoter Holding
38.12%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹12,625 Cr.
Equity
₹142.3 Cr.
Face Value
₹1
All Time Low / High
₹9.66 / 894.15

The Indian Hotels Company stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is The Indian Hotels Company Ltd a good quality company?
The Indian Hotels Company Ltd is a average quality company, based on a somewhat consistent 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 The Indian Hotels Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of The Indian Hotels Company Ltd vs industry peers?
The Indian Hotels Company Ltd revenue CAGR is 12.38%, compared to the industry median CAGR of 6.19%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of The Indian Hotels Company Ltd?
Promoters hold 38.12% of the The Indian Hotels Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of The Indian Hotels Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 20.4% based on the current price.

10 Year X-Ray : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
The Indian Hotels Company Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 9.9%8.7%9.3%10.6%-5.2%3.5%13.8%16.4%18.6%22.4%-
Value Creation
Index
-0.3-0.4-0.3-0.2-1.4-0.70.20.50.71.0-

Growth Parameters

Sales 2,4022,5842,7802,7431,1332,0033,7044,4064,9175,3805,380
Sales YoY Gr.-7.6%7.6%-1.3%-58.7%76.8%84.9%18.9%11.6%9.4%-
Adj EPS 0.71.12.52.5-4.5-0.45.989.911.914.1
YoY Gr.-58.2%133%-0.4%-284.6%NANA34.9%23.6%21.2%-
BVPS (₹) 25.435.836.637.434.35762.271.379.189.789.7
Adj Net
Profit
73.4130303302-557-588391,1351,4011,6992,011
Cash Flow from Ops. 458481547611-53.26931,2271,5281,5171,714-
Debt/CF from Ops. 4.53.73.33.2-48.61.40.4000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.4%36.6%13.2%9.4%
Adj EPS 37.7%NA26.4%21.2%
BVPS15.1%21.2%13%13.4%
Share Price 19.4% 38.4% 20.4% -14.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
2.93.66.86.7-12.7-0.99.91213.114.215.8
Op. Profit
Mgn %
21.724.326.227.7-8.519.437.538.941.342.442.4
Net Profit
Mgn %
3.1510.911-49.2-2.922.725.828.531.637.4
Debt to
Equity
0.70.40.40.40.60.10.10000
Working Cap
Days
203130137153393207105938684119
Cash Conv.
Cycle
-6-4-3-719-7-15-16-13-1370

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,4022,5842,7802,7431,1332,0033,7044,4064,9175,380
Operating Expenses + 1,8821,9552,0511,9821,2301,6152,3172,6932,8853,097
Manufacturing Costs510528555543309452696793834881
Material Costs220233247236108173305333350376
Employee Cost 6336507047255396247628729421,020
Other Costs 519545545479275365554695758821
Operating Profit 520629729761-973881,3871,7122,0322,283
Operating Profit Margin (%) 21.6%24.3%26.2%27.7%-8.6%19.4%37.5%38.9%41.3%42.4%
Other Income + 585591134111149110185229261
Exceptional Items 34-55-75-16-155-57-22-71-16422
Interest 198193159238295305128115100100
Depreciation 151151169204204203208228257278
Profit Before Tax 262284418438-640-271,1391,4831,8872,588
Tax 11913615436-1167296388474576
Profit After Tax 143148264401-525-348431,0951,4132,012
PAT Margin (%) 6.0%5.7%9.5%14.6%-46.3%-1.7%22.8%24.9%28.7%37.4%
Adjusted EPS (₹)1.31.22.23.3-4.3-0.25.97.79.914.1
Dividend Payout Ratio (%)24.20%32.20%22.60%14.80%-9.10%-165%16.90%22.80%22.70%23%

Valuation of Indian Hotel - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,7674,3944,4844,5844,2088,1008,83910,14411,25612,767
Share Capital 99119119119119142142142142142
Reserves 2,6684,2754,3654,4654,0897,9588,69710,00211,11412,625
Debt +1,5021,7341,2551,7091,9494481000
Long Term Debt1,4951,7341,2481,7091,9344480000
Short Term Debt70601501000
Minority Interest0000000000
Trade Payables177208190255203240312357314425
Others Liabilities 1,7911,3681,9522,3592,7862,3442,6282,2762,3392,424
Total Liabilities 6,2377,7047,8818,9079,14711,13211,78012,77713,90915,616

Fixed Assets

Net Fixed Assets +2,1882,3992,4863,3113,3603,2523,3513,7563,9224,060
Gross Block2,4572,8153,0664,0884,3364,4214,7085,3245,7256,117
Accumulated Depreciation2694165807779771,1691,3571,5681,8042,058
CWIP 1086534138521122425810865
Investments 3,0294,1614,1134,1524,4105,7746,2816,8506,9098,897
Inventories48515159525667748894
Trade Receivables214257250251197219379403451514
Cash Equivalents 2312996148401,0067641,0201,7341,340
Others Assets 6286418508481,037715696616697647
Total Assets 6,2377,7047,8818,9079,14711,13211,78012,77713,90915,616

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 458481547611-536931,2271,5281,5171,714
PBT 262284418438-640-271,1391,4831,8872,588
Adjustment 321405345345612485284263191-318
Changes in Working Capital -45-90-3619-391742948-66-20
Tax Paid -80-118-180-1911461-225-266-495-536
Cash Flow From Investing Activity + -96-1,388-372-333-384-1,890-647-1,203-1,220-1,236
Capex -251-309-231-163-113-109-322-362-347-328
Net Investments 87-1,143-179-224-300-1,447-487-246-236-1,471
Others 6964375429-335163-596-638562
Cash Flow From Financing Activity + -3691,013-207-2353391,804-701-740-361-440
Net Proceeds from Shares 01,5000001,9820000
Net Proceeds from Borrowing -188-205-50134641-1,636-495-45000
Interest Paid -118-236-115-124-191-223-47-35-0-0
Dividend Paid -36-42-53-71-59-47-57-142-248-319
Others -27-411-174-531,729-102-113-112-120
Net Cash Flow -6106-3243-98607-120-416-6339

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)5.574.135.948.85-11.94-0.569.9511.5413.2116.75
ROCE (%)9.858.699.2610.56-5.193.513.8316.4418.5722.38
Asset Turnover Ratio0.390.370.360.330.130.20.320.360.370.36
PAT to CFO Conversion(x)3.23.252.071.52N/AN/A1.461.41.070.85
Working Capital Days
Receivable Days28.5033.2033.3033.3072.1037.9029.5032.4031.7032.70
Inventory Days776.707.3017.909.9065.8066.20
Payable Days290.40302.20294.50344.70775.40468.10330.70366.30349.50359

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

The Indian Hotels Company Ltd FAQs

The current trading price of Indian Hotel on 09-Jun-2026 16:59 is ₹666.8.

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 08-Jun-2026 the market cap of Indian Hotel stood at ₹92,871.8 Cr

The latest P/E ratio of Indian Hotel as of 08-Jun-2026 is 46.16.

The latest P/B ratio of Indian Hotel as of 08-Jun-2026 is 7.27.

The 52-week high of Indian Hotel is ₹811.9 and the 52-week low is ₹565.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Hotel is ₹5,380 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that The Indian Hotels Company Ltd is a average quality company.

The key valuation ratios of The Indian Hotels Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of The Indian Hotels Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About The Indian Hotels Company Ltd

The Indian Hotels Company (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj - the iconic brand for the most discerning travellers.  Claridges Collection, a curated set of boutique luxury hotels merging elegance with historical charm; SeleQtions, a named collection of hotels; Tree of Life, private escapes in tranquil settings; Vivanta, sophisticated upscale hotels; Gateway, full-service hotels designed to be your gateway to exceptional destinations and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL is India’s largest hospitality company by market capitalization. It is listed on the BSE and NSE. IHCL is committed to scaling up existing brands and nurturing new Food and Beverage (F&B) concepts and enhancing customer experiences by creating unique dining opportunities through innovation, strategic initiatives and partnerships.

Business area of the company

IHCL is India’s largest hospitality Company in South Asia and has been an industry pioneer for many decades. The company is primarily engaged in the business of owning, operating & managing hotels, palaces and resorts and air and institutional catering.

Brands

  • Taj 
  • Claridges Collection
  • SeleQtions 
  • Vivanta
  • Gateway
  • Ginger
  • Tree of Life
  • Ama stays & Trails
  • Qmin
  • TajSATS 

Retail Services

  • Jiva
  • Khazana
  • Salon
  • Food & Beverages

Other Services

  • Taj Holidays
  • Taj Experiences Gift Card

Awards

  • 2019: Ethical Boardroom Corporate Governance Awards 2019
  • 2019: Global Hospitality Icon of the Year Award at the Patwa International Travel Awards
  • 2019: Golden Peacock Award for Excellence in Corporate Governance 2019
  • 2019: CONDE Nast Traveller Readers’ Choice Awards 2019 - UK and US
  • 2019: CONDE Nast Traveller India Readers’ Choice Awards 2019
  • 2020: CONDE Nast Traveller Gold List 2020
  • 2020: The Indian Hotels Company (IHCL) Receives Top Honours At The Ethical Boardroom Corporate Governance Awards 2019 For Second Consecutive Year
  • 2021: IHCL Achieves Global Recognition at the Worldwide Awards 2021
  • 2022: IHCL wins honours at the prestigious Golden Peacock Awards 2022 for efficient risk management
  • 2022: Taj Wellington Mews, Chennai Lauded as an Honoree on Travel + Leisure’s Global Vision Awards 2022
  • 2023: IHCL hotels honored at National Tourism Awards on World Tourism Day
  • 2023: IHCL Honoured at the Economic Times Legal Awards 2023
  • 2023: IHCL recognised for risk management at the prestigious Golden Peacock Awards
  • 2023: IHCL wins honours at the India risk management awards, 2023
  • 2024: IHCL honoured at India Risk Management Awards 2024
  • 2024: Taj hotels honoured at CONDE NAST Traveller Readers' Travel Awards

Milestones

  • 1899: The Indian Hotels Company Limited is incorporated.
  • 1903: Launched the Taj Mahal Palace in Mumbai, India.
  • 1970: Takes over management of Taj lake Palace, Udaipur and Rambagh Palace, Jaipur.
  • 1974: launches Fort Aguada, The first five-star deluxe beach resort in Goa.
  • 1974: launches Taj Coromandal in Chennai.
  • 1979: Forays into Africa with Taj Pamodzi Lusaka, Zambia.
  • 1982: Acquires the ST. James’ court in London.
  • 1982: The Taj Palace, New Delhi, is opened for the Asian Games.
  • 1998: Opens Taj Exotic in Bentota, Sri Lanka.
  • 2000: Established Taj GVK Hotels and Resorts Limited in Hyderabad.
  • 2001: Launches Taj Exotica Resort and Spa in Maldives.
  • 2004: Launches Taj Wellington Mews Luxury Residency, Mumbai.
  • 2005: Forays into New York, US, with a management contract to operate the Pierre.
  • 2005: Restores Umaid Bhawan Palace in Jodhpur.
  • 2007: Acquires Ritz-Carlton in Boston, US, later rename the Taj Boston.
  • 2007: Launches Taj Campton place in San Francisco.
  • 2008: Launches The Gateway Hotels and Resorts.
  • 2008: South-West coastal Indian restaurants Quilon in London receives a Michelin- Star.
  • 2010: launches new brand Vivanta by Taj.
  • 2010: Celeberates the reopening of the Taj Mahal Palace in Mumbai after the terrorist attracts of 2008.
  • 2012: Launches a free two-year hospitality trade training programme for youth from below poverty line (BPL) families.
  • 2014: Rebrands and repositions Taj 51 Buckingham Gate suites & residency and ST. James’ Court, A Taj Hotel, London under the luxury brand.
  • 2015: Redesigns the award-winning programme, Taj innercircle announces the opening of Taj Duabi, Unveils ‘Tajness’.
  • 2017: IHCL restructures its brand architectures.
  • 2018: Unveils ‘Aspiration 2020’
  • 2018: Taj exotica resorts & spa, Andaman, a luxury resort offering, commences operation in February.
  • 2019: Indian Hotels takes over management of Cidade de Goa
  • 2019: Indian Hotels enters into homestay market with Ama Trails & Stays
  • 2019: Indian Hotels launches new hotel brand 'SeleQtions'
  • 2019: Indian Hotels ties up with Sankalp In
  • 2020: Indian Hotels Company signs SeleQtions hotel in Uttarakhand
  • 2020: Indian Hotels Company’s Ginger signs new hotel in Kolkata
  • 2020: Indian Hotels Company signs Vivanta hotel in Arunachal Pradesh
  • 2020: Indian Hotels launches home delivery platform
  • 2020: Indian Hotels signs luxury hotel in Maharashtra
  • 2021: Indian Hotels Company’s Qmin introduces comfort food menus on Qmin App
  • 2021: Indian Hotels Company steps into Hampi
  • 2021: Indian Hotels Company signs agreement with Bengaluru Airport City
  • 2021: Indian Hotels Company opens Pilibhit House
  • 2022: Indian Hotels Company opens Raajkutir in Kolkata
  • 2022: Indian Hotels Company’s Ginger launches new hotel in Greater Noida
  • 2022: Indian Hotels Company’s Ginger launches new hotel in Greater Noida
  • 2023: Indian Hotels Company signs two Taj resorts in Lakshadweep
  • 2023: Indian Hotels Company expands SeleQtions hotel ‘Devi Ratn’
  • 2023: Indian Hotels Company partners with Tata Strive, Madhya Pradesh Tourism Board
  • 2023: Indian Hotels Company partners with VFS Global for academy in Lucknow
  • 2023: Indian Hotels Company opens Ginger hotel in Tamil Nadu
  • 2024: Indian Hotels Company opens Ginger Durgapur in Rajbandh
  • 2024: Indian Hotels Company inaugurates 32nd skill training centre in Gujarat
  • 2024: Indian Hotels Company opens Ginger hotel in Ahmedabad
  • 2024: Indian Hotels Company signs SeleQtions hotel in Gujarat
  • 2024: Indian Hotels Company opens Taj Puri Resort & Spa in Odisha
  • 2025: IHCL completes acquisition of 55% stake in Rajscape Hotels
  • 2025: Indian Hotels Company signs Gateway resort in Gwalior
  • 2025: Indian Hotels Company forays in Diu with launch of SeleQtions and Gateway brands
  • 2025: Indian Hotels Company introduces Claridges Collection
  • 2025: Indian Hotels Company signs new 160 key greenfield hotel in Jaipur
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×