The Indian Hotels Company Limited

The Indian Hotels Company Limited

INDHOTEL.BO
The Indian Hotels Company LimitedIN flagBombay Stock Exchange
657.90
INR
+2.10
- -
936.48BMarket Cap
The Indian Hotels Company Limited
INDHOTEL.BO
(Bombay Stock Exchange)

Recent

price

657.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
33.48
38.95
42.63
42.85
39.29
37.67
33.35
34.39
35.06
34.57
12.2
23.23
39.3
45.76
58.55
- -
61.96
Revenue per Share
-0.78
-0.42
-5.83
-6.42
-4.07
-2.26
-0.55
0.89
2.34
2.89
-5.87
-1.97
7.06
8.86
13.4
- -
13.73
Basic EPS, GAAP
1.24
6.41
5.71
6.06
4.92
6.06
4.64
-0.16
1.9
2.74
-4.36
2.82
7.95
9.04
7.87
- -
- -
Free Cash Flow per Basic Share
1.1
1.04
1.25
1.04
0.18
0.23
0.4
0.39
0.56
0.62
0.49
0.42
0.45
1.09
1.77
- -
- -
Dividend per Share
-2.2
-3.18
-8.9
-13.64
-15.9
0.86
-0.82
0.55
2.22
2.21
-5.23
-7.22
0.17
8.02
19.59
- -
- -
Book Value per Share
33.23
38.25
35.45
30.77
22.94
20.48
17.85
33.16
32.27
31.92
25.3
51.59
52.32
62.64
77.78
- -
- -
Tangible Book Value per Share
808
833
878
890
1,006
1,020
1,153
1,138
1,227
1,227
1,226
1,256
1,420
1,421
1,424
- -
1,424
Basic Weighted Avg Shares
27,052
32,454
37,434
38,133
39,536
38,438
38,456
39,127
43,005
42,412
14,960
29,176
55,820
65,042
83,345
96,892
88,254
Sales/Revenue/Turnover
8.39
9.08
6.8
6.66
5.14
7.04
8.11
9.45
11.67
13.31
-51.56
-0.04
24.88
26.22
27.01
26.73
26.65
Operating Margin (%)
2,280
2,551
2,884
3,081
2,913
2,848
2,994
3,012
3,278
4,042
4,096
4,060
4,161
4,543
5,182
6,052
5,436
Depreciation Expense
-630
-353
-5,120
-5,713
-4,091
-2,311
-632
1,009
2,868
3,544
-7,201
-2,477
10,026
12,591
19,076
20,844
19,556
Net Income, GAAP
396.47
82.5
- -
- -
- -
- -
371.94
65.69
39.11
11.32
- -
- -
24.97
27.86
23.93
24.97
23.91
Effective Tax Rate (%)
-2.33
-1.09
-13.68
-14.98
-10.35
-6.01
-1.64
2.58
6.67
8.36
-48.14
-8.49
17.96
19.36
22.89
21.51
22.16
Profit Margin (%)
-15,306
-7,496
-3,281
-13,372
-12,132
-14,714
-9,129
-1,739
-9,307
-4,635
-17,942
7,104
4,712
10,701
21,738
33,414
- -
Working Capital
20,794
30,838
34,312
30,239
33,754
34,190
27,899
23,292
16,875
39,684
40,702
32,483
26,070
24,714
29,917
27,501
- -
LT Debt
32,072
37,406
36,870
33,723
35,200
33,232
32,555
49,585
51,479
51,217
42,830
76,553
86,420
101,287
124,156
149,393
- -
Total Equity
-9.14
0.69
- -
- -
- -
- -
-11.71
1.81
4.11
5.85
- -
- -
8.94
9.98
12.07
11.67
- -
Return on Invested Capital (%)
-19.16
-0.84
- -
- -
- -
- -
-20.49
5.22
11.8
14.49
- -
- -
30.43
32.16
33.16
34.81
74.26
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
171.24
130.27
- -
- -
- -
216.41
97.11
142.2
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
925
- -
LT Borrowings
- -
2,032
- -
LT Finance Leases
- -
27,886
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,423
- -
Market Capitalization
1,247,057
1,119,394
1,082,798

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
41,699
- -
Cash, Cash Equivalents & STI
- -
30,662
- -
Accounts Receivable, Net
- -
6,509
- -
Inventories
- -
1,355
- -
Total Current Liabilities
- -
19,962
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
925
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.89%
30.35%
20.33%
Free Cash Flow
-166.91%
16.45%
28.08%
Net Income, GAAP
-91.15%
-96.79%
9.27%
Sales/Revenue/Turnover
19.29%
49.45%
16.25%
Total Cash Common Dividend
38.48%
49.79%
35.91%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,664
14,332
19,638
16,408
65,042
2025
15,502
18,261
25,330
24,251
83,345
2026
20,411
28,420
27,653
- -
96,892

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.57
1.18
3.18
- -
8.86
2025
1.75
3.89
4.09
3.67
13.4
2026
2.08
6.35
4.21
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.09
2025
- -
- -
- -
- -
1.77
2026
- -
- -
- -
- -
- -
Business
The Indian Hotels Company Limited (IHCL) is India's largest hospitality company engaged in operating and managing a diversified portfolio of hotels, resorts, private escapes, palaces, spas, and in-flight catering services. Its core brands include Taj, the iconic luxury hotel brand; SeleQtions, a collection of boutique and heritage hotels; Vivanta, upscale hotels; Gateway, full-service hotels; Ginger, a lean luxe segment catering to midscale travelers; Tree of Life, private resorts; and TajSATS, which offers premium air catering services. IHCL operates over 570 hotels with a presence spanning India, several international locations across four continents, 12 countries, and more than 150 cities. The company also offers culinary experiences and hospitality services supporting local communities and heritage preservation. Founded in 1903 and headquartered in Mumbai, IHCL continues to expand its brandscape through strategic acquisitions and partnerships. In the last 1-2 years, IHCL has pursued an asset-light growth strategy, marked by major expansions and acquisitions. Most notably, IHCL's wholly owned subsidiary, Roots Corporation Limited, completed the acquisition of majority stakes in Pride Hospitality Private Limited and ANK Hotels Private Limited, adding over 130 midscale hotels under these portfolios. IHCL entered into a strategic partnership with Brij Hospitality Private Limited, adding 19 hotels to its distribution network. This expanded IHCL’s mid-market presence and doubled its portfolio in this segment to over 240 hotels. IHCL also acquired a majority stake in Clarks Hotels & Resorts, enhancing its footprint in India’s luxury and boutique hotel markets. In addition, IHCL completed renovations of flagship properties such as Taj Fort Aguada Resort & Spa, Taj Palace, New Delhi, and The Taj Mahal Palace, Mumbai. The company recorded robust growth in FY2025-26 with numerous hotel signings and openings, bringing its portfolio to over 570 hotels and maintaining a strong balance sheet with significant cash reserves. These strategic moves align with IHCL’s “Accelerate 2030” roadmap aimed at unlocking India’s tourism potential and strengthening its leadership across multiple hospitality segments.