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Indian Hotels Co. Ltd. (INDHOTEL) AI Stock Analysis
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Indian Hotels Co. Ltd.
(NSE:INDHOTEL)
Overall score is driven primarily by strong financial performance (profitability, deleveraging, and solid cash generation) and a very constructive earnings call with raised FY2027 guidance and clear expansion momentum. Technicals are supportive with an established uptrend, though momentum is somewhat extended. The main offset is valuation, with a high P/E and low dividend yield reducing margin of safety.
Indian Hotels Co. Ltd. (INDHOTEL) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 1.03T
- Dividend Yield
- 0.40%
- Average Volume (3M)
- 301.38K
- Price to Earnings (P/E)
- 52.3
- Beta (1Y)
- 1.35
- Revenue Growth
- 15.38%
- EPS Growth
- 31.11%
- Country
- India
- Employees
- 18,359
- Sector
- General
- Sector Strength
- 55
- Industry
- Travel Lodging
Indian Hotels Co. Ltd. Business Overview & Revenue Model
Company Description
The Indian Hotels Company Limited, along with its numerous subsidiaries, operates as a leading hospitality provider, engaging in the ownership, management, and operation of a diverse portfolio of hotels, grand palaces, and resort properties. Its exte...
How the Company Makes Money
IHCL primarily earns revenue through a mix of (1) hotel operations income, (2) management and franchise fees, and (3) catering and other hospitality-linked services. 1) Hotel operations (owned/leased hotels): A significant portion of IHCL’s revenue i...
Indian Hotels Co. Ltd. Earnings Call Summary
The call was strongly positive. IHCL reported broad-based double-digit revenue, EBITDA, PAT, occupancy, and RevPAR growth; raised FY2027 guidance to 15%-17%; continued rapid, largely capital-light portfolio expansion; and highlighted strong cash reserves, brand strength, and multiple growth avenues. The main challenges were geopolitical pressure on airlines and international operations, TajSATS margin pressure, delayed international property works, and weaker performance in selected cities, but management expressed confidence in recovery and maintained a positive outlook for the second half and FY2028.
Q2-2027 Updates
Positive Updates
Negative Updates
Company Guidance
IHCL revised its FY 2027 consolidated revenue growth guidance upwards to 15%-17%, exceeding its previously communicated 12%-14% guidance by 300 basis points, with hotel segment revenue expected to grow by 17%-19%; it remains confident of sustaining management fee growth at a high teen CAGR, is on track for 50 hotel openings this year including 30 hotels in the second half, expects to cross 400 operational hotels in November or latest before the end of Q3, and should get to the 700 hotels portfolio definitely before the end of this financial year, with a revised target to be provided by middle of November. The company has also said it will open 5,000 keys every year, is internally targeting management fee income to cross INR 1,000 crores in 2 years from today, expects the Oriental Hotels merger to drive 6%-7% upside in standalone operating revenue in FY 2028, with the transaction not expected to come into force before April 1 of next year and excluded from the 300 basis point increase in total revenue guidance, and expects TajSATS to go back to where it was and actually even improving upon it in the second half.
Indian Hotels Co. Ltd. Financial Statement Overview
Summary
Strong turnaround and sustained profitability with healthy 2026 margins (gross ~58%, operating ~27%, net ~22%), meaningfully improved leverage (debt-to-equity ~0.22x), and solid operating/free cash flow. Key watchouts are decelerating revenue growth versus prior years, mild margin normalization from the 2025 peak, and somewhat variable FCF conversion (~60% of net income in 2026).
Income Statement
86Very PositiveBalance Sheet
84Very PositiveCash Flow
82Very Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 104.31B | 96.89B | 85.63B | 69.16B | 59.07B | 31.28B |
| Gross Profit | 61.11B | 56.47B | 53.93B | 43.66B | 36.45B | 15.73B |
| EBITDA | 38.42B | 37.50B | 29.97B | 23.01B | 19.01B | 4.87B |
| Net Income | 22.10B | 20.84B | 19.08B | 12.59B | 10.03B | -2.48B |
Balance Sheet | ||||||
| Total Assets | 218.95B | 202.97B | 177.04B | 148.56B | 136.69B | 130.90B |
| Cash, Cash Equivalents and Short-Term Investments | 43.59B | 43.31B | 30.80B | 22.10B | 18.11B | 20.90B |
| Total Debt | 34.71B | 28.37B | 30.84B | 27.36B | 31.39B | 38.88B |
| Total Liabilities | 61.32B | 53.58B | 52.88B | 47.27B | 50.27B | 54.34B |
| Stockholders Equity | 136.40B | 130.52B | 111.61B | 94.57B | 79.82B | 70.62B |
Cash Flow | ||||||
| Free Cash Flow | 0 | 15.65B | 11.20B | 12.84B | 11.48B | 3.54B |
| Operating Cash Flow | 0 | 26.01B | 21.94B | 19.35B | 16.19B | 6.72B |
| Investing Cash Flow | 0 | -18.79B | -18.92B | -12.10B | -1.45B | -16.42B |
| Financing Cash Flow | 0 | -9.54B | -5.47B | -9.85B | -15.28B | 16.59B |
Indian Hotels Co. Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDHOTEL, the sentiment is Positive. The current price of 814.00 is above the 20-day moving average (MA) of 756.25, above the 50-day MA of 737.12, and above the 200-day MA of 689.71, indicating a bullish trend. The MACD of 22.47 indicates Negative momentum. The RSI at 71.52 is Negative, neither overbought nor oversold. The STOCH value of 89.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDHOTEL.
Indian Hotels Co. Ltd. Peers Comparison
Overall Rating
- IN:INDHOTEL79Outperform
IN:CHALET69Neutral
IN:EIHOTEL68Neutral
IN:PARKHOTELS62Neutral
IN:LEMONTREE59Neutral
IN:ITDC56Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:INDHOTEL | 79Outperform | INR 1.16T | 52.26 | ― | 0.40% | 15.38% | 31.11% |
| IN:CHALET | 69Neutral | INR 177.25B | 33.39 | ― | 0.25% | 6.05% | 85.08% |
| IN:EIHOTEL | 68Neutral | INR 179.23B | 25.16 | ― | 0.52% | 8.34% | 4.47% |
| IN:PARKHOTELS | 62Neutral | INR 21.19B | 33.18 | ― | 0.76% | 10.04% | -35.45% |
| IN:LEMONTREE | 59Neutral | INR 86.59B | 36.79 | ― | ― | 10.46% | 9.16% |
| IN:ITDC | 56Neutral | INR 50.48B | 61.50 | ― | 0.50% | -9.37% | 3.25% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:INDHOTEL | Indian Hotels Co. Ltd. | 814.00 | 70.26 | 9.45% | |
| IN:CHALET | Chalet Hotels Ltd. | 809.40 | -147.60 | -15.42% | |
| IN:EIHOTEL | EIH Limited | 286.60 | -107.16 | -27.22% | |
| IN:ITDC | India Tourism Development Corp. Ltd. | 588.60 | -29.45 | -4.76% | |
| IN:LEMONTREE | Lemon Tree Hotels Ltd. | 109.30 | -58.95 | -35.04% | |
| IN:PARKHOTELS | Apeejay Surrendra Park Hotels Ltd. | 99.30 | -50.99 | -33.93% |
Indian Hotels Co. Ltd. Corporate Events
Indian Hotels Confirms SEBI-Compliant Handling of Share Dematerialisation
Indian Hotels Company Ltd., a flagship player in India’s hospitality sector with widely traded shares on BSE and NSE, continues to emphasize compliance in its capital-market operations alongside its core business of managing hotels and related...
Indian Hotels Announces Special Window for Re-Lodgement of Physical Share Transfers
Indian Hotels Company Limited has notified stock exchanges that it has published newspaper advertisements in Financial Express and Loksatta about a special window for re-lodgement of transfer requests of physical shares. The disclosure has been made...
Indian Hotels to Shut Trading Window Ahead of Q2 Results
The Indian Hotels Company Limited has announced that its trading window for dealing in the company’s securities will be closed from September 24, 2026, in line with SEBI’s Prohibition of Insider Trading regulations and its internal code o...
Indian Hotels Company Board Clears Merger Scheme with Oriental Hotels
The Indian Hotels Company Limited has approved a Scheme of Arrangement to amalgamate Oriental Hotels Limited with IHCL, following recommendations from its Audit Committee and Independent Directors. The proposed merger, structured under Sections 230 t...
IHCL Moves to Merge Oriental Hotels, Bolstering Premium Hospitality Portfolio
IHCL has announced a merger with its associate company Oriental Hotels Limited through a Scheme of Arrangement, subject to statutory approvals, as part of its Accelerate 2030 strategy to simplify the group’s holding structure and unlock the ful...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 21, 2026