NSE: INDHOTEL · BSE: 500850 · ISIN INE053A01029
The Indian Hotels Company Limited stock analysis
The Indian Hotels Company Limited ranks #607 in the TickerSutra evidence-ranked universe with a score of 62/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.1%, quarterly sales growth of 14.6% and quarterly profit growth of 20.8%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.22×
- 18.6% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹3,056cr | ₹405cr | ₹-265cr | 13.0% |
| 2023 | ₹5,810cr | ₹1,805cr | ₹1,053cr | 31.0% |
| 2024 | ₹6,769cr | ₹2,160cr | ₹1,330cr | 32.0% |
| 2025 | ₹8,335cr | ₹2,769cr | ₹2,038cr | 33.0% |
| 2026 | ₹9,689cr | ₹3,196cr | ₹2,247cr | 33.0% |
| TTM | ₹9,987cr | ₹3,291cr | ₹2,309cr | 33.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
We have delivered double -digit CAGR across revenue, EBITDA, PAT and RevPAR, The Indian Hotels Company Limited July 21, 2026 Page 3 of 18 underscoring the consistency of our performance and the structural strength of our business model. Building on this strong foundation and sustained momentum, we remain confident of delivering double-digit growth in the year ahead. And definitely, the way Q2 has started, it makes us
» Asset Management: Optimising the value and life cycle of our physical properties. » Margin Expansion: Improving profitability through cost efficiency and productivity. Guest Satisfaction and Culinary Innovation Driving Superior NPS Scores: IHCL and Taj have consistently improved their Net Promoter Scores (NPS), reaching record highs of 75.3 and 75.8, respectively, in FY2025-26.
The year, however, was not without challenges, with geopolitical conflicts, airline disruptions, and extreme weather events including torrential rains, floods, and landslides intermittently impacting travel and tourism demand. Despite these macroeconomic headwinds, the sector’s long-term outlook remains robust, presenting significant opportunities for sustained growth and market leadership. The hospitality industry c
Is that mainly driven by operating leverage? Ankur Dalwani: Yes, it is a combination of operating leverage. And of course, as you cross a certain level of revenue growth, your flow-through keeps on expanding not linearly but exponentially because effectively, the new rupee or new dollar drops to the operating line, and that is what you see in the numbers.
It's a very, very strong market, especially for people of Indian origins. So we'll keep our eyes on that, but can't expect us to do 4 hotels i n international markets in 1 year. Puneet Chhatwal: One step at a time, Karan.
This provides us with the flexibility to continue investing in brand and revenue -enhancing initiatives. These include hotel upgrades, expansions, greenfield developments and asset management opportunities such as strengthening our marquee food and beverage concepts. Finally, number 10, we go to Paathya.
Emission and Energy Management Risk The Company is exposed to risks arising from rising energy prices, evolving environmental regulations, carbon-related levies and enhanced disclosure requirements. Inefficient energy use or inadequate emission controls may lead to increased operating and capital expenditure, regulatory penalties and compliance burdens. Further, heightened scrutiny from investors, rating agencies and
(Yes/No) Yes Yes Yes Yes Yes Yes Yes Yes Yes b. Has the policy been approved by the Board? (Yes/No) Yes Yes Yes Yes Yes Yes Yes Yes Yes c.
And we have to put in $5 million, 50% of it or 60% of it, anything related to the brand, we will do that. And preferably in all these markets with the exception of Bangkok or Bali, but Singapore, Switzerland, another hotel in London or whatever, these are institutional capital - driven markets where the return expectations of institutional investors on an operating lease is around 5%, 6%, 7%. And we would consider th
I mean, if I look at from an FY '26 perspective, how much more margin can we eventually get through? Ankur Dalwani: I think if you step back and look at -- we don't give specific margin guidance. But generally, we have said at the beginning of the year when we did the call that there are puts and takes, and then we talked about some of those.
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“So we've given you an apple-to-apple comparison. So they will be -- you have to also assume we have given the guidance on capex, and we have always said how much is routine c apex and how muc h is expansion of greenfield cap ex. So if every year, you're spending INR 500 crores, INR 600 crores on your routine capex going forward, then something is always under renovation and something will get The Indian Hotels Compan”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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