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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

₹184.05 3.80 (2.11%)

As on 02-Jul'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

₹184.05 3.80 (2.11%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹543 Cr.
Current Price
₹184.1
52-Week Low / High
₹142 / 369
TTM EPS
₹13.7
TTM Sales
₹264 Cr.
Book Value per Share
₹140.7
P/E Ratio
13.44
Higher than its 5-year historical median
Industry PE
42
Price to Book (P/B)
1.31
Lower than its 5-year historical median
Price to Sales (P/S)
2.06
Lower than its 5-year historical median
EV/EBITDA
6.89
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
15.22%
Outperforms industry median
Return on Capital Employed (ROCE)
19.36%
Outperforms industry median
Return on Assets (ROA)
8.61%
Operating Profit Margin
26.5%
Net Profit Margin
19.05%
Gross Profit Margin
30.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
18.7%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
18.13%
Net Profit Growth (1 Year)
-
11.34%
Asset Quality
Promoter Holding
57.78%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹385 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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Quality

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Valuation

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Price Trend

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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 8.16%, compared to the industry median CAGR of 3.58%, 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 17.7% 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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -11.7%19%20.2%19.3%25.4%0.7%7.6%74.2%21.4%19.4%-
Value Creation
Index
NA0.40.40.40.8NANA4.30.50.4-

Growth Parameters

Sales 15115517019217951.6108224223264264
Sales YoY Gr.-2.5%10.1%13%-7.1%-71.1%109.6%106.8%-0.4%18.7%-
Adj EPS -25.314.717.410.715.1-12.9-9.5479.417.213.7
YoY Gr.-NA17.8%-38.6%41.6%-185.3%NANA-79.9%82.2%-
BVPS (₹) -47.6-38.3-22.5-11.83.3-8.2-17.693.6111.3126.7140.7
Adj Net
Profit
-59.634.84125.235.6-30.4-22.311624.450.640
Cash Flow from Ops. 51.432.31167163.3-1.420.599.140.333.8-
Debt/CF from Ops. 9.113.33.24.44.1-188.912.63.14.43.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.4%8.2%34.7%18.7%
Adj EPS NA2.6%NA82.2%
BVPSNA106.9%NA13.8%
Share Price 19.2% 31% -7.2% -23.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
86.3-34.5-57.7-63.1-378.2591.174.8114.5915.110.2
Op. Profit
Mgn %
26.532.734.534.631.413.525.240.126.626.521.4
Net Profit
Mgn %
-39.522.524.113.120-58.9-20.651.81119.115.3
Debt to
Equity
-4.2-4.8-7-11.530.4-14.3-6.31.30.60.30.2
Working Cap
Days
36437125517017757727031753045053
Cash Conv.
Cycle
-30-37-18-28-44-122-66-32-27-2419

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales15115517019217952108224223264
Operating Expenses + 1111041151261234581134163194
Manufacturing Costs40373943431731566870
Material Costs1413171816511181922
Employee Cost 35353944451224354655
Other Costs 23192021181115253147
Operating Profit 3950556656727905970
Operating Profit Margin (%) 26.1%32.6%32.4%34.5%31.4%13.5%25.2%40.1%26.6%26.5%
Other Income + 7105211173033
Exceptional Items -8118180244019830-0
Interest 39281522343948205623
Depreciation 1313121111101010910
Profit Before Tax -8638513636-37-302655469
Tax -1013110-10-73819
Profit After Tax -8538382536-28-222624550
PAT Margin (%) -56.5%24.7%22.3%13.0%20.0%-53.4%-20.7%117.0%20.3%19.1%
Adjusted EPS (₹)-36.216.216.110.615.1-11.7-9.5106.217.517.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Kamat Hotels (India) - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -112-90-52-278-19-41231289374
Share Capital 24242424242424252630
Reserves -136-114-77-51-16-43-65206263344
Debt +2973041502411874519168171104
Long Term Debt2893041502411874519168171104
Short Term Debt8000000000
Minority Interest0000000000
Trade Payables25121720252218142113
Others Liabilities 28622727314314931135921911583
Total Liabilities 496454388376370358356633596575

Fixed Assets

Net Fixed Assets +317291280272266256255163167185
Gross Block476303303306308309317220233260
Accumulated Depreciation159112334435362576675
CWIP 0000560132
Investments 61211111100505050
Inventories5533322333
Trade Receivables10814111069888
Cash Equivalents 5344379212718
Others Assets 1531347474738181388338308
Total Assets 496454388376370358356633596575

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 51321167163-120994034
PBT -8638513636-37-302655469
Adjustment 130191034204557-1754-17
Changes in Working Capital 9-245547-10-612-12-21
Tax Paid -2-1-0-201-1-3-62
Cash Flow From Investing Activity + 334-3-61-2-16013435
Capex 3-2-2-3-7-1-39110-14
Net Investments 0-01-00000-1311
Others 0550120-1693739
Cash Flow From Financing Activity + -57-33-119-72-566-1659-178-70
Net Proceeds from Shares 0000000101235
Net Proceeds from Borrowing -20-27-80-52-328-1195-245-174
Interest Paid -5-2-39-21-24-1-5-58-55-22
Dividend Paid -0-000000000
Others -31-3-01-0-0-01111091
Net Cash Flow -231-4062-2-3-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/A0N/AN/A276.5217.4215.22
ROCE (%)N/AN/AN/AN/A25.43N/AN/A74.2121.4419.36
Asset Turnover Ratio0.280.330.40.50.480.140.30.450.360.45
PAT to CFO Conversion(x)N/A0.843.052.841.75N/AN/A0.380.890.68
Working Capital Days
Receivable Days26.3021.1023.7024.2021.4056.4024.8013.7013.4011.40
Inventory Days1110.807.805.105.4014.705.703.504.304
Payable Days510.30519.60318.10377.60500.201,690675.60335.30337.20276.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *91.4884.4981.3839.650.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kamat Hotels (India) Ltd FAQs

The current trading price of Kamat Hotels (India) on 02-Jul-2026 16:59 is ₹184.1.

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 01-Jul-2026 the market cap of Kamat Hotels (India) stood at ₹542.6 Cr

The latest P/E ratio of Kamat Hotels (India) as of 01-Jul-2026 is 13.44.

The latest P/B ratio of Kamat Hotels (India) as of 01-Jul-2026 is 1.31.

The 52-week high of Kamat Hotels (India) is ₹368.9 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 ₹264 ( 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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