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Kamat Hotels (India) Ltd (KAMATHOTEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526668 NSE: KAMATHOTEL Hotel, Resort & Restaurants | Small Cap | Kamat Hotels (India) Share Price

₹236.30 1.00 (0.42%)

As on 25-Sep'26 16:59

Kamat Hotels (India) Ltd (KAMATHOTEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526668 NSE: KAMATHOTEL Hotel, Resort & Restaurants | Small Cap | Kamat Hotels (India) Share Price

₹236.30 1.00 (0.42%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹697 Cr.
Current Price
₹236.3
52-Week Low / High
₹142 / 338
TTM EPS
₹13.6
TTM Sales
₹394 Cr.
Book Value per Share
₹110.3
P/E Ratio
17.35
Higher than its 5-year historical median
Industry PE
39.5
Price to Book (P/B)
2.14
Higher than its 5-year historical median
Price to Sales (P/S)
1.77
Lower than its 5-year historical median
EV/EBITDA
6.42
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
13.00%
Outperforms industry median
Return on Capital Employed (ROCE)
19.90%
Outperforms industry median
Return on Assets (ROA)
6.07%
Operating Profit Margin
24.9%
Net Profit Margin
10%
Gross Profit Margin
21.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.36%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-3.22%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-17.24%
Asset Quality
Promoter Holding
57.78%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹296 Cr.
Equity
₹29.5 Cr.
Face Value
₹10
All Time Low / High
₹6.05 / 374.50

Kamat Hotels (India) stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Kamat Hotels (India) Ltd a good quality company?
Kamat Hotels (India) Ltd is a good quality company, based on a consistently good 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 Kamat Hotels (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kamat Hotels (India) Ltd vs industry peers?
Kamat Hotels (India) Ltd revenue CAGR is 42.34%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Kamat Hotels (India) Ltd?
Promoters hold 57.78% of the Kamat Hotels (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Kamat Hotels (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 20.8% 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 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.
Kamat Hotels (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ19%20.2%19.3%25.4%0.7%7.6%74.2%21.4%19.4%14.9%-
Value Creation
Index ⓘ
0.40.40.40.8NANA4.30.50.40.1-

Growth Parameters ⓘ

Sales ⓘ15517019217951.6108224223264264266
Sales YoY Gr.-10.1%13%-7.1%-71.1%109.6%106.8%-0.4%18.7%-0.4%-
Adj EPS ⓘ14.717.410.715.1-12.9-9.5479.417.213.614.4
YoY Gr.-17.8%-38.6%41.6%-185.3%NANA-79.9%82.2%-20.7%-
BVPS (₹) ⓘ-38.3-22.5-11.83.3-8.2-17.693.6111.3126.7140.7144.3
Adj Net
Profit ⓘ
34.84125.235.6-30.4-22.311624.450.640.243
Cash Flow from Ops. ⓘ32.31167163.3-1.420.599.140.333.656.2-
Debt/CF from Ops. ⓘ13.33.24.44.1-188.912.63.14.43.11.5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ6.1%38.6%5.6%-0.4%
Adj EPS ⓘ-0.9%NA-33.8%-20.7%
BVPSⓘNANA14.5%11%
Share Price 20.8% 34.9% 5.6% -21.4%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
-34.5-57.7-63.1-378.2591.174.8114.5915.110.210.1
Op. Profit
Mgn % ⓘ
32.734.534.631.413.525.240.126.626.521.322.9
Net Profit
Mgn % ⓘ
22.524.113.120-58.9-20.651.81119.115.216
Debt to
Equity ⓘ
-4.8-7-11.530.4-14.3-6.31.30.60.30.2-
Working Cap
Days ⓘ
37125517017757727031753045044353
Cash Conv.
Cycle ⓘ
-37-18-28-44-122-66-32-27-24-919

Valuation of Kamat Hotels (India) - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *84.4981.3839.650.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales18320123622266144295304357386
Operating Expenses ⓘ + 12914916615958108186214258290
Manufacturing Costs455057572141769098104
Material Costs1620232071524263134
Employee Cost 42495557153149617489
Other Costs ⓘ 26303125152037375562
Operating Profit ⓘ 54527063837109919996
Operating Profit Margin (%) 29.4%25.8%29.8%28.5%12.6%25.4%36.9%29.8%27.8%24.9%
Other Income ⓘ + 10542214111315
Exceptional Items ⓘ 31-200-61540238302-0
Interest ⓘ 28162237425022613029
Depreciation ⓘ 24231818181715182028
Profit Before Tax ⓘ 42-1812725-46-30316546554
Tax ⓘ -01211-1-10-7391916
Profit After Tax 42-1941725-36-23313454739
PAT Margin (%) 23.2%-96.5%7.0%11.3%-55.0%-15.7%106.0%14.7%13.1%10.0%
Adjusted EPS (₹)17.6-81.57.210.5-15.4-9.6126.917.315.811.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 28-165-148-123-159-181142197278316
Share Capital ⓘ 24.1724.1724.1724.1724.1724.1725.2426.5030.0730.07
Reserves ⓘ 4-189-172-147-183-205117170248286
Debt +3211702602066440189194128111
Long Term Debt3201692602066440189191124107
Short Term Debt1100000334
Minority Interest00000000017
Trade Payables16202127232223311515
Others Liabilities ⓘ 428478351375536587256192168222
Total Liabilities ⓘ 793503484486465467609615589680

Fixed Assets

Net Fixed Assets ⓘ +611374364362346339355386394471
Gross Block634634641661662671688740765877
Accumulated Depreciation24259277299316333333354371406
CWIP ⓘ 1005612485
Investments ⓘ 15151612103440
Inventories5333224455
Trade Receivables917131061099915
Cash Equivalents 861016152424342948
Others Assets ⓘ 1448679779091214174141136
Total Assets ⓘ 793503484486465467609615589680
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 301157974131116726698
PBT ⓘ 41-1802824-46-30316546554
Adjustment ⓘ 2023949405567-209361933
Changes in Working Capital ⓘ -3255510-10-512-12-2120
Tax Paid ⓘ -0-1-2-12-1-3-63-10
Cash Flow From Investing Activity ⓘ + 3-0-7-8-4-5-4114534-45
Capex -2-4-8-9-7-66109-17-27
Net Investments -01-00000-1613-26
Others ⓘ 531131-4751398
Cash Flow From Financing Activity ⓘ + -29-117-74-585-17-89-219-96-48
Net Proceeds from Shares ⓘ 0000001012350
Net Proceeds from Borrowing ⓘ -27-80-52-328-10-47-131-73-17
Interest Paid ⓘ -5-39-21-26-2-5-62-95-42-16
Dividend Paid ⓘ -0000000000
Others ⓘ 32-1-0-1-210-6-16-14
Net Cash Flow ⓘ 4-3-2829-13-345
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)195.89N/AN/AN/AN/AN/A026.5219.6513
ROCE (%)10.59N/AN/AN/AN/AN/A89.8425.8223.5119.9
Asset Turnover Ratio0.220.310.480.460.140.310.550.50.590.61
PAT to CFO Conversion(x)0.71N/A4.652.96N/AN/A0.371.61.42.51
Working Capital Days
Receivable Days19.5023.2022.8018.7043.5019.6011.6010.508.9011.30
Inventory Days10.907.905.305.4013.905.103.604.704.604.50
Payable Days581.60320329.80428.701,374.40549.20336.70372.70277.10160.50

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Kamat Hotels (India) Ltd FAQs

The current trading price of Kamat Hotels (India) on 25-Sep-2026 16:59 is ₹236.3.

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 Kamat Hotels (India) stood at ₹696.6 Cr

The latest P/E ratio of Kamat Hotels (India) as of 24-Sep-2026 is 16.39.

The latest P/B ratio of Kamat Hotels (India) as of 24-Sep-2026 is 1.64.

The 52-week high of Kamat Hotels (India) is ₹337.6 and the 52-week low is ₹142.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kamat Hotels (India) is ₹266 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kamat Hotels (India) Ltd is a good quality company.

The key valuation ratios of Kamat Hotels (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Kamat Hotels (India) Ltd

Kamat Hotels (India)  (KHIL) was incorporated on March 21, 1986 by Late Mr. Venketesh Krishna Kamat and his associates with the main object of setting up and running of hotels and related business. The company obtained the Certificate of Commencement of Business on March 31, 1986.

Kamat's is now a large hospitality group with interests in Luxury Hotels, Budget Hotels & Restaurants, Family Leisure & Sports Clubs, Travel Business, Catering & educational Institutions, Departmental Stores and of course Restaurants.

KHIL is a Public Listed Company and the group entered into a business contract agreement with Plaza Hotels Private Limited for a period of 30 years with effect from  April 1, 1994 and took over THE Kamat Plaza, a four star hotel near the Santacruz Airport.

The management of The Kamat Plaza Hotel decided to expand the project immediately after its Public Issue in 1994. It was decided to upgrade the project to a Five Star property. The company hired the services of an architect Mr. D. M. Upasni and an interior designer -Lynn Wilson from USA, (ranked among the top 10 in the world).

Marketing being an important aspect of the Hospitality Industry, the management decided to position the property differently. Thus was born a brand, unknown so far in the continent of Asia - a green hotel - environmentally sensitive - right from brick to paper and taking care of every little guest need at the same time. Since eighty seven percent of international travelers do patronize green hotels, the management decided to tie up with an International Firm- HVS ECO SERVICES of - HVS INTERNATIONAL, NEW YORK. The company was hired to undertake - specific environmental programs, designed to lower operating costs and increase revenues and evaluate the hotel's environmental performance in various areas.

Needless to say - The Orchid, as it is aptly renamed, was awarded the prestigious 'ECOTEL' Certification' by HVS ECO SERVICES, USA, which is the hallmark of environmentally sensitive hotels. The hotel thus becomes the first hotel in Asia to obtain the coveted certification.

The Orchid has employed a high powered team of professionals from the industry and it opened its doors to public on World Tourism Day - 27th September 1997. It has been well received both in the domestic and international market and has enjoyed very high average occupancy from the start having well appointed rooms and suites with luxurious 5 star facilities. 

Business area of the company:

The company is engaged in the hospitality business and is having Hotel, Resort & Restaurants

The hotel brands of the company include:

  • Gadh- 'Fort Jadhavgadh' (Built in 1710 by Pillaji Jadhavrao) is the first in a series of heritage forts scheduled in Maharashtra and the rest of India. Situated in the beautiful rolling hills located 22 km away from Pune.
  • Orchid- The Orchid - An Ecotel Hotel is Asia's first certified eco-friendly five-star hotel and world's only Ecotel to be certified as ISO 14001.
  • VITS- KHIL has launched the VITS hospitality experience in Aurangabad, Nagpur, Pune and plans to open twenty more locations in the next five years.
  • Lotus- Lotus Resorts is a new offering in the leisure segment wherein the resorts all have proximity to water bodies.

Achievements/ recognition:

Certification' by HVS ECO SERVICES, USA, which is the hallmark of environmentally sensitive hotels.

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