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Lemon Tree Hotels Ltd Stock Analysis

Small Cap
Evaluated by 650 users | BSE: 541233 | NSE: LEMONTREE |
Hotel, Resort & Restaurants

The company was incorporated as “P.M.G Hotels Private Limited” on June 2, 1992, as a private limited company under the Companies Act 1956, at New Delhi, with a certificate of incorporation granted by the RoC. Pursuant to a resolution of its...

Analysis of Financial Track Record

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.
Lemon Tree Hotels 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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 000.77%-1.58%-0.83%1.39%2.24%3%4.6%3.48%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 00215222290368412484550669
Y-o-Y Gr. Rt.-NANA3.2%31%26.7%12%17.5%13.5%21.8%
Adjusted EPS (Rs.) 00-1.64-4.64-0.84-0.32-0.130.120.63-0.2
Y-o-Y Gr. Rt.-NANANANANANANA425%-131.8%
Book Value per Share (Rs.) 0067.1763.610.5210.577.717.98.818.1
Adjusted Net Profit 00-20.8-59.7-65.2-24.7-10.49.650.1-15.6
Net Op. Cash Flow (Rs. Cr.) 00153-4.9-50.463.1122115187148
Debt to Cash Flow from Ops 002.99-115.64-11.4510.046.578.836.410.48
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Lemon Tree Hotels Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NA18.2%17.6%21.8%
Adjusted EPS NANANA-131.8%
Book Value per Share 0-5.11.7-8.1
Share Price - - -17.8% 131.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 00-2.42-7.12-7.96-2.99-1.271.185.93-1.84
Operating Profit Margin (%) 0020.3213.2819.5628.5928.3228.1430.7235.6
Net Profit Margin (%) 00-9.26-22.3-24.27-6.09-2.231.938.97-1.94
Debt to Equity 000.540.690.710.771.331.631.722.43
Working Capital Days 000511500485328160149125
Cash Conversion Cycle 000-55-42-46-46-50-49-20
Entity Percentage Holding
Promoters 25.88%
Institutions 38.17%
Non-Institutions 35.95%
Pledged *0.000.0034.1433.7633.7633.7633.7633.9620.7520.75
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Lemon Tree Hotels Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Lemon Tree Hotels Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company.

Data is not available for this company

The company was incorporated as “P.M.G Hotels Private Limited” on June 2, 1992, as a private limited company under the Companies Act 1956, at New Delhi, with a certificate of incorporation granted by the RoC. Pursuant to a resolution of its shareholders dated December 13, 2002, the name of the company was changed to “Krizm Hotels Private Limited” and a fresh certificate of incorporation dated January 7, 2003 was issued by the RoC.

The company was incorporated as “P.M.G Hotels Private Limited” on June 2, 1992, as a private limited company under the Companies Act 1956, at New Delhi, with a certificate of incorporation granted by the RoC. Pursuant to a resolution of its shareholders dated December 13, 2002, the name of the company was changed to “Krizm Hotels Private Limited” and a fresh certificate of incorporation dated January 7, 2003 was issued by the RoC. Further, pursuant to a resolution of its shareholders dated June 2, 2010, the name of the company was changed to “Lemon Tree Hotels Private Limited” and a fresh certificate of incorporation consequent to change in name was issued by the RoC on June 10, 2010. On the conversion of the company to a public limited company pursuant to a resolution passed by its shareholders on September 29, 2012, its name was changed to “Lemon Tree Hotels Limited” and a fresh certificate of incorporation dated October 22, 2012 was issued by the RoC.

Lemon Tree Hotels Limited (LTH) is India’s largest hotel chain in the mid-priced hotel sector. It operates in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition. LTH opened its first hotel with 49 rooms in May 2004 (including Keys hotels) across many cities under its various brands viz. Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select and Keys Lite.

Lemon Tree Hotels, including Keys Hotels, are located across India, in metro regions, including the NCR, Bengaluru, Hyderabad, Mumbai, Kolkata and Chennai, as well as tier I and tier II cities such as Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Vishakhapatnam, Kochi, Ludhiana, Thiruvananthapuram and Vijayawada. The company expanded internationally with the launch of the hotel in Dubai in December 2019 and Bhutan in February 2020. New hotels are also opening internationally in Nepal.

Business area of the company

Lemon Tree Hotels is engaged to carry out business of developing, owning, acquiring, operating, managing, renovating and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite.

Brands

  • Aurika Hotels and Resorts
  • Lemon Tree Premier
  • Lemon Tree Hotels
  • Red Fox Hotels
  • Keys Prima
  • Keys Select
  • Keys Lite

Awards

2010

  • The NCPEDP (National Center for Promotion of Employment for Disabled People, a non-profit organization working as an interface between government, industry, international agencies and the voluntary sector) Shell Helen Keller Award, 2010 for exemplary beliefs and practices in employing Differently Enabled People.
  • SATTE 2010, Hotelier for ‘Best Mid Market Developer’.
  • FHRAI (The Federation of Hotels and Restaurant Associations of India) Hall of Fame Award, 2010.
  • Lemon Tree Hotel, Hinjawadi: Winner of TripAdvisor’s Traveler’s Choice 2010 Awards: Top 10 in Service among 8000 Indian hotels.
  • Times Food & Nightlife Awards 2010: Best Pan Asian restaurant in North Goa awarded to Republic of Noodles at Lemon Tree Amarante Beach Resort, Goa.

2011

  • Ministry of Social Justice and Empowerment, Government of India: Best Employer - National Award, 2011.
  • Ranked in the Top 100 in the 2011 study of Best Companies to Work For by the Great Place to Work Institute& the Economic Times.
  • Winner of Excellence Honours for ‘Best Mid Range Hotel’ by Times Travel Academy, 2011.
  • 7 Lemon Tree Hotels have been awarded TripAdvisor’s Certificate of Excellence.
  • 4 Lemon Tree Hotels rank 1 on TripAdvisor in their respective cities.
  • 4 Lemon Tree Hotels are Expedia Insider’s Select Hotels (top 1% of 90,000 hotels globally, of which only 11 hotels were selected in India).
  • Times Food & Nightlife Awards 2011: Best Pan Asian restaurant in North Goa awarded to Republic of Noodles at Lemon Tree Amarante Beach Resort, Goa.
  • Republic of Noodles at Lemon Tree Amarante beach Resort, Goa awarded one of Asia's finest restaurants by The Miele Guide, a regional guide book to restaurants in Asia.
  • MphasiS Universal Design Award, 2011: The NCPEDP (National Center for Promotion of Employment for Disabled People).

2012

  • Ministry of Social Justice and Empowerment, Government of India National Award: Outstanding Work in the Creation of a Barrier-free Environment for Persons with Disabilities, 2012; Best Employer 2011
  • Ranked in the Top 50 large organizations (>1000 employees) in the 2012 study of Best Companies to Work For by the Great Place to Work Institute & the Economic Times.
  • 15 hotels across the three brands were awarded TripAdvisor’s Certificate of Excellence 2012.
  • Lemon Tree Amarante Beach Resort, Goa awarded Expedia Insiders’ Select, 2012 (top 1% of 114,000 hotels globally).
  • Lemon Tree Hotel, Indore awarded ‘Top 25 Bargain Hotels in India’ 2012 by TripAdvisor’s Travelers’Choice.
  • Red Fox Hotel, Jaipur awarded ‘Top 25 Trendiest Hotels in India’ 2012 by TripAdvisor’s Travelers’ Choice.
  • CNBC AWAAZ Travel Awards 2012 ‘Best Budget Hotel’ awarded to Lemon Tree Vembanad Lake Resort,Muhamma-West of Kumarakom, Kerala
  • Outlook Traveller Readers’ Choice Award 2012 for Best Mid-range Hotel in India.
  • MakeMyTrip.com’s Platinum Pick Partner Awards 2012 to 8 hotels under the Lemon Tree Premier, Lemon Tree Hotels and Red Fox Hotels brands.
  • NCPEDP (National Center for Promotion of Employment for Disabled People)-Shell Helen Keller Award 2012:Category C: Role Model Organizations,for the work towards promoting employment opportunities for people with disabilities.
  • NCPEDP-Shell Helen Keller Award 2012: Category B: Role Model Non-Disabled Individuals, for your work towards promoting employment opportunities for people with disabilities.
  • Svayam Accessibility and Universal Design Award, 2012.

2013

  • Ranked 67 in the Top 100 Great Places to Work For 2013.
  • AajTak Care Awards 2013 for CSR (Corporate Social Responsibility) in the Empowerment category. This award is for Employees with Disabilities (EWDs) initiative.
  • 16 hotels out of 19 operating hotels awarded TripAdvisor’s Certificate of Excellence 2013:
  • Lemon Tree Premier: Bangalore, Gurgaon, Hyderabad and Jaipur.
  • Republic of Noodles, Goa.
  • Lemon Tree Hotels selected amongst the top two brands of Best Hotel For Value in the Lonely Planet Travel Awards 2013.
  • ‘India Says Yes’ certificate for ‘Awesome Food’: Lemon Tree Hotel Aurangabad, Kerala.
  • ‘India Says Yes’ certificate for ‘Excellent Service’: Lemon Tree Hotel Aurangabad, Goa.
  • HICSA 2013 Best New Hotel of the Year: Mid-market Segment - Lemon Tree Hotel, Chandigarh.

2014

  • Cornell University Exemplary Practice Award 2014 for Lemon Tree Hotels’ companywide inclusion program and initiative of hiring and supporting People with Disabilities
  • Ranked #86 in the Top 100 Great Places to Work For 2014
  • National Tourism Award 2012-13: Best Classified hotel under 2 Star Category - Red Fox Hotel, East Delhi
  • Nipman Foundation ‘Equal opportunity Award’ 2014
  • MakeMyTrip Platinum Pick Award 2014
  • Lemon Tree Premier, Ulsoor Lake, Bangalore
  • Lemon Tree Amarante Beach Resort, Goa
  • Lemon Tree Hotel, Aurangabad
  • Lemon Tree Hotel, Dehradun
  • Red Fox Hotel, Hyderabad
  • Lemon Tree Hotels conferred the Booking.com's Awards of Excellence 2014 for Rate Parity
  • Bookings.com Guest Review Award for Excellence 2014
  • Lemon Tree Amarante Beach Resort, Goa
  • Lemon Tree Hotel, Chandigarh
  • Lemon Tree Hotel, Indore
  • Cleartrip Featured Hotel Award 2014-15
  • Mouthshut People’s Choice Award 2014-15
  • Republic of Noodles: Lemon Tree Premier, Jaipur ‘I Ate Here Award’
  • Times Food Award 2014: Best pan-Asian restaurant awarded to Republic of Noodles at Lemon Tree Premier,Ulsoor Lake, Bangalore
  • Best Budget Hotel Award at CNBC AWAAZ Travel Awards 2014: Lemon Tree Vembanad Lake Resort, Muhamma
  • Goa Food & Hospitality Awards: Best Hotel – Mid market Lemon Tree Amarante Beach Resort, Goa
  • Certificate of Merit, National Energy Conservation Award 2014, to Red Fox Hotel, Hyderabad by Ministry of Power Government of India
  • HDFC Bank Award for best hospitality services in the ‘business class’ segment
  • Dainik Bhaskar Readers Choice Award 2014 for the most popular hotel in the North Area of the city- Lemon Tree Premier, Jaipur

2015

  • Asian Human Capital Award 2015 for Innovative and Impactful People Practices by Ministry of Manpower, Singapore and the Human Capital Leadership Institute.
  • Ranked #30 in the Top 50 Great Places to Work For 2015
  • Ranked #2 Best Company in India with Unique Initiative/ Programme 2015
  • HICAP Sustainable Hotel Award 2015 in Sustainable Communities category
  • NASSCOM Award for Social Innovation in corporate (responsible business) category for a hotel chain creating visual aids and sign language for its differently-abled employees
  • 18 hotels out of 26 hotels awarded TripAdvisor’s Certificate of Excellence 2015:
  • Lemon Tree Premier: Ahmedabad, Gurgaon, Hyderabad, New Delhi
  • Lemon Tree Hotel: Aurangabad, Bangalore - Electronics City and Whitefield, Chandigarh, Chennai, East Delhi, Gurgaon-Udyog Vihar, Indore, Muhamma (Kerala), Pune
  • Red Fox Hotel East Delhi, Hyderabad, Jaipur, New Delhi
  • Republic of Noodles Bangalore - Ulsoor Lake & Electronic City, Goa, Hyderabad- Hitech City
  • Times Food Award 2015: Best pan-Asian restaurant awarded to Republic of Noodles
  • Lemon Tree Premier, HITEC City, Hyderabad
  • Lemon Tree Premier, Ulsoor Lake, Bangalore
  • BW Hotelier HR Excellence Award 2015 for being an equal opportunity employer
  • CNBC AWAAZ Travel Awards 2015(in association with Chattisgarh Tourism) ‘Best Budget Hotel’ awarded to Lemon Tree Vembanad Lake Resort, Muhamma, Kerala
  • Groupon’s Golden Spoon Award 2015: Citrus Café, Lemon Tree Premier, Delhi Airport
  • Zomato Users Choice Award 2015: Slounge, Lemon Tree Premier, Jaipur

2016

  • Ministry of Social Justice and Empowerment, Government of India: Best Employer – National Award, 2016. Award received from the President of India
  • Ranked 9 Best Company in India by Great Places to Work For Institute 2016
  • Ranked the Best Company in India for Workplace Culture Transformation 2016
  • Overall Winners World Responsible Tourism Award 2016 at WTM, London
  • Gold Winner-'Best Accommodation for Responsible Employment' category’ 2016,WTM, London
  • HR Innovation Award for Excellence in Diversity and Inclusion,2016
  • BW Hotelier Editor’s Choice Award 2016 for being an equal opportunity employer
  • Franchise India 9th Annual Estate Awards: Best Budget Hotel of the Year
  • TripAdvisor Hall of Fame: Republic of Noodles Lemon Tree Amarante Beach Resort, Goa.
  • 19 hotels out of 29 hotels awarded TripAdvisor’s Certificate of Excellence 2016:
  • Lemon Tree Hotel Ahmedabad, Aurangabad, Bangalore - Electronics City and Whitefield, Chennai- Shimona, Dehradun, East Delhi, Gurgaon-Udyog Vihar, Hyderabad- Gachibowli, Indore, Muhamma (Kerala)
  • Red Fox Hotel East Delhi, Hyderabad, Jaipur, New Delhi.
  • Republic of Noodles Bangalore - Ulsoor Lake & Electronic City Goa Hyderabad- Hitech City
  • 16 hotels awarded Holiday IQ’s Better Holiday Award 2016:
  • Lemon Tree Premier: Bangalore Hyderabad Jaipur
  • Lemon Tree Smiles adjudged the Best Loyalty Program at the 9th Loyalty Awards Summit by AIMIA.

2017

  • Ranked 4 Best Company in India by Great Places to Work For Institute 2017
  • Ranked 19 Best Company in Asia by Great Places to Work For Institute 2017
  • Recognition for being among the best in the industry – Hotels & Resorts, 2017
  • Recognition for being among the best in the Special Category – Employer Branding, 2017; Utilizing Analytics to Drive Great Place to Work Initiative, 2017
  • NCPEDP Hellen Keler Award 2017 for Role Model Companies
  • Dr. Anji Reddy Memorial Award for Model Employer for Persons With Disabilities 2017
  • 23 hotels out of 33 operating hotels(over 1 year) awarded TripAdvisor’s Certificate of Excellence 2017
  • Holiday IQ- Better Holiday Awards 2017 for being voted India’s Favourite Hotel Chain
  • BML Munjal Awards 2017: Runner-Up: Business Excellence through Learning and Development
  • People Matters Talent Acquisition League 2017:’ Best in Diversity’ Award
  • People Matters Total Rewards 2017: 'Best in Building Career' Award

2018

  • Green Champion Award 2018 under the category ‘Organization Leading the Green Building Movement in India (Commercial)’ during 5th Green Champion Award 2018 organised by IBGC (a part of CII formed in 2001)
  • Best 3 Star Hotel Award Category during National Tourism Award 2016-17
  • Ranked 12th amongst the Best Large Workplaces in Asia by the Great Place To Work Survey, 2018
  • Financial Times ArcelorMittal Boldness in Business Award for Corporate Responsibility/ Environment
  • Amity Leadership Awards for Business Excellence by Leveraging IT, 2018 by Amity School of Science and Technology
  • Customer Loyalty Awards for the category of 'Best Loyalty Program in Services Sector” 2018
  • 26 hotels out of 41 operating hotels(over 1 year) awarded TripAdvisor’s Certificate of Excellence 2018
  • Lemon Tree Premier Ahmedabad ,Gurugram- Leisure Valley-1 & 2, City Center , Jaipur
  • Lemon Tree Hotel Baddi, Bangalore – Electronics City, Bandhavgarh, Chandigarh, Chennai- Shimona,  Dehradun, East Delhi, Goa- Candolim, Hyderabad- Gachibowli, Indore, Katra, Pune, Muhamma (Kerala) , Manesar, Srinagar, Vadodara
  • Red Fox Hotel Bhiwadi, Chandigarh, East Delhi, Jaipur, Trichy

2019

  • Investing in People Award during Tourism For Tomorrow Awards 2019 organized by World Travel & Tourism Council in Seville, Spain.
  • Best Differently Abled Friendly Hotel at FICCI Travel & Tourism Excellence Awards 2019.
  • Best 3 star Hotel at FICCI Travel & Tourism Excellence Awards 2019.
  • Awarded BW Pure: Purpose-Led Brand Award 2019
  • Won IT Excellence Award by The Indian Express group.
  • Felicitated by Schneider Electric with the 'Best Responsive Award'.
  • Amity Corporate Excellence Awards for Best CSR Practices, 2019 by Amity School of Science and Technology
  • 47 hotels out of 55 operating hotels (over 1 year) awarded TripAdvisor’s Certificate of Excellence 2019

2020

  • Awarded GO-MMT Travellers Choice Award

Major Events and Milestones

  • 2004: Opened the first “Lemon Tree Hotel” in Gurugram, Haryana, India.
  • 2006: Investment by Maplewood.
  • 2008: Investment by Citron.
  • 2009: Opened the first “Red Fox” hotel in Jaipur, Rajasthan.
  • 2010: Opened the first “Lemon Tree Premier” hotel in Leisure Valley, Gurugram, Haryana, India.
  • 2012: Investment by APG commenced the business of management of hotels, through Subsidiary, Carnation.
  • 2018: Signed a Joint venture with Warburg Pincus for a student housing/co living platform - Hamstede Living Private Limited
  • 2019: Acquired Berggruen Hotels Private Limited, 4th largest mid-market hotel chain in India, operating under three brands - keys Prima Hotels, Keys Select Hotels, Keys Lite Hotels.
  • 2020: Launched Lemon Tree Hotel in Rishikesh, Uttarakhand.
  • 2021: Lemon Tree Hotels, through its management subsidiary Carnation Hotels Pvt. Ltd., opened the 68 key hotel-Lemon Tree Hotel in Aligarh, Uttar Pradesh.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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