Viceroy Hotels Ltd (VHLTD) AI Stock Analysis

Viceroy Hotels Ltd

(NSE:VHLTD)

Select Model

Rating:54Neutral

Price Target:INR 143.00▲(1.96% Upside)

Action:reiterated

Date:10/17/26

The score is primarily held back by fundamental risk factors—balance-sheet volatility and a sharp FY2026 free-cash-flow deterioration—despite strong FY2026 revenue growth and improved margins. Technically, the stock is in a clear uptrend but looks overbought, increasing near-term pullback risk. A high P/E with no dividend yield provided further pressures the score on valuation.

Positive Factors

Strong Revenue GrowthRapid revenue expansion across multiple recent fiscal years indicates stronger demand and improving market traction. If sustained, this growth can support operating leverage, broaden the earnings base, and provide Viceroy Hotels with greater capacity to reinvest in its lodging operations.

Negative Factors

Volatile LeverageAlthough equity has recovered, the history of sharp leverage swings and prior negative equity indicates a fragile capital structure. The FY2026 debt increase also raises financial risk, potentially limiting flexibility to withstand weaker trading or fund future expansion.

Viceroy Hotels Ltd (VHLTD) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 10.90B
Dividend Yield: ―
Average Volume (3M): 15.18K
Price to Earnings (P/E): 42.1
Beta (1Y): 0.50
Revenue Growth: 24.45%
EPS Growth: -68.80%
Country: India
Employees: 404
Sector: General
Sector Strength: 55
Industry: Travel Lodging

Viceroy Hotels Ltd Business Overview & Revenue Model

Company Description

Viceroy Hotels Limited is an Indian hospitality firm actively involved in the hotel industry. The company operates a diverse portfolio, including establishments under the Marriott brand that feature a convention center, guest accommodations, and fine...

How the Company Makes Money

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Viceroy Hotels Ltd Financial Statement Overview

Summary

Strong operating turnaround with FY2026 revenue up ~37.8% and improved profitability (EBITDA margin ~26.6%, net margin ~12.8%). However, the balance sheet remains a key risk due to prior volatility (including past negative equity) and a notable debt increase from FY2025 to FY2026. Cash flow quality is mixed: operating cash flow is strong in FY2026 and exceeds net income, but free cash flow swung sharply negative (-613M), reducing flexibility.

Income Statement

72Positive

Balance Sheet

48Neutral

Cash Flow

44Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	1.63B	1.43B	1.37B	1.31B	1.20B	524.40M
Gross Profit	1.03B	836.53M	948.15M	650.70M	547.38M	10.22M
EBITDA	480.28M	445.68M	376.13M	156.47M	90.44M	-160.47M
Net Income	227.88M	183.16M	779.93M	23.88M	-549.00K	-263.08M
Balance Sheet
Total Assets	0	5.57B	3.12B	3.27B	3.52B	3.81B
Cash, Cash Equivalents and Short-Term Investments	194.23M	194.23M	468.49M	304.38M	128.08M	29.09M
Total Debt	0	2.64B	522.58M	1.79B	5.12B	6.34B
Total Liabilities	-2.67B	2.90B	672.35M	2.60B	7.97B	8.26B
Stockholders Equity	2.67B	2.67B	2.44B	668.20M	-4.45B	-4.45B
Cash Flow
Free Cash Flow	305.83M	-612.61M	142.43M	100.03M	-232.73M	-65.94M
Operating Cash Flow	353.00M	618.24M	323.11M	181.13M	-232.73M	-65.88M
Investing Cash Flow	-264.71M	-2.13B	-735.32M	-149.38M	438.89M	47.78M
Financing Cash Flow	-49.48M	2.04B	-828.94M	144.55M	-107.17M	37.91M

Viceroy Hotels Ltd Technical Analysis

Technical Analysis SentimentPositive

Last Price140.25

Price Trends

50DMA130.00Positive

100DMA127.22Positive

200DMA129.94Positive

Market Momentum

MACD2.92Positive

RSI52.23Neutral

STOCH32.58Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VHLTD, the sentiment is Positive. The current price of 140.25 is below the 20-day moving average (MA) of 141.60, above the 50-day MA of 130.00, and above the 200-day MA of 129.94, indicating a neutral trend. The MACD of 2.92 indicates Positive momentum. The RSI at 52.23 is Neutral, neither overbought nor oversold. The STOCH value of 32.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VHLTD.

Viceroy Hotels Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:VHLTD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ADVANIHOTR	74Outperform	INR 4.21B	18.32	―	3.99%	2.40%	-9.04%
IN:KAMATHOTEL	63Neutral	INR 6.51B	15.89	―	―	5.96%	-17.59%
IN:SINCLAIR	58Neutral	INR 3.68B	34.63	―	1.11%	21.16%	-19.16%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:VHLTD	54Neutral	INR 10.77B	42.11	―	―	24.45%	-68.80%
IN:ROHLTD	47Neutral	INR 7.36B	26.66	―	0.93%	26.86%	-43.98%
IN:ASIANHOTNR	41Neutral	INR 13.19B	-5.78	―	―	6.77%	-152.62%

* General Sector Average

Performance Comparison

IN:VHLTD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:VHLTD	Viceroy Hotels Ltd	140.25	19.88	16.51%
IN:ADVANIHOTR	Advani Hotels & Resorts (India) Ltd.	45.54	-10.92	-19.34%
IN:ASIANHOTNR	Asian Hotels (North) Limited	309.30	-23.70	-7.12%
IN:KAMATHOTEL	Kamat Hotels (India) Ltd	220.85	-74.10	-25.12%
IN:ROHLTD	Royal Orchid Hotels Limited	268.50	-203.86	-43.16%
IN:SINCLAIR	Sinclairs Hotels Limited	71.73	-20.20	-21.97%

Viceroy Hotels Ltd Corporate Events

Viceroy Hotels Holds 61st AGM, Files Voting Results with Exchanges

Sep 10, 2026

Viceroy Hotels Limited convened its 61st Annual General Meeting on September 10, 2026, via video conferencing and other audio-visual means, in line with circulars from the Ministry of Corporate Affairs and SEBI. The meeting brought together the compa...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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 17, 2026

Viceroy Hotels Ltd AI Stock Analysis