Asian Hotels (West) Ltd
NSE: AHLWEST · Hotels & Resorts · sector
₹549.95NSE close 2026-10-26
Key numbers
Market cap₹641 cr
Price₹549.95
52w high / low₹751 / ₹137
P/E9.0xSector median 21.6x
P/B–Sector median 1.8x
Book value₹-11.5
Dividend yield–Sector median 0.58%
ROE–Sector median 6.5%
ROCE24.4%Sector median 9.1%
OPM39.8%Sector median 26.3%
Debt / equity–Sector median 0.20x
EV/EBITDA6.5xSector median 12.9x
Interest cover2.9x
Current ratio0.27x
Sales growth 3y+7.8%Sector median +7.8%
Profit growth 3y+26.0%Sector median +10.9%
PEG0.34x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 64 companies in Hotels & Resorts (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹104 cr vs borrowings ₹604 cr (FY26): borrowings are higher by ₹500 cr.
- Operating profit covered interest 2.9x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 14% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹549.95 on 2026-10-26: -26.8% from the 52-week high, +301.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹661.05 · low ₹166.51
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96 | 110 | 115 | 89 | 114 | 111 | 122 | 98 |
| EBITDA | 38 | 30 | 38 | 34 | 55 | 49 | 33 | 39 |
| OPM % | 39.4% | 27.1% | 32.8% | 38.0% | 48.5% | 44.0% | 27.5% | 40.3% |
| Other income | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 3 |
| Net profit | 18 | 5 | -1 | 8 | 24 | 22 | 11 | 14 |
| EPS (₹) | 15.50 | 4.38 | -0.81 | 6.94 | 20.95 | 18.58 | 9.30 | 12.26 |
| Revenue YoY | +18.4% | +0.7% | +5.9% | +9.4% | ||||
| Profit YoY | +35.1% | +324.5% | – | +76.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 159 | 347 | 400 | 411 | 435 | 444 |
| EBITDA | 23 | 145 | 170 | 143 | 171 | 177 |
| Net profit | -118 | 32 | 6 | 40 | 65 | 71 |
| EPS (₹) | -100.85 | 27.84 | 4.73 | 34.16 | 55.77 | 61.09 |
| Revenue growth | +118.8% | +15.1% | +2.7% | +6.1% | +8.2% | |
| Profit growth | – | -83.0% | +622.3% | +63.3% | +134.9% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.8% | +27.1% | +8.2% |
| Net profit | +26.0% | – | +134.9% |
| EPS | +26.1% | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Shareholders' equity | -38 | -121 | -123 | -118 | -78 | -13 |
| Borrowings | 796 | 795 | 745 | 778 | 687 | 604 |
| Cash & equivalents | 35 | 14 | 51 | 77 | 55 | 104 |
| Total assets | 1,064 | 998 | 993 | 1,006 | 968 | 977 |
| Fixed assets | 746 | 702 | 660 | 631 | 614 | 620 |
| Capital work in progress | 5 | 5 | 1 | 2 | 3 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivables | 10 | 11 | 20 | 16 | 15 | 18 |
| Inventory | 6 | 5 | 6 | 6 | 5 | 5 |
| Payables | 29 | 71 | 51 | 19 | 26 | 29 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Cash from operations | 18 | 70 | 155 | 152 | 138 | 203 |
| Cash from investing | 31 | 22 | -4 | -9 | 2 | -24 |
| Cash from financing | -61 | -94 | -117 | -124 | -151 | -121 |
| Capex | 0 | 2 | 5 | 7 | 0 | 54 |
| Free cash flow | 18 | 69 | 150 | 145 | 138 | 149 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ROE % | 394.1% | 97.5% | -26.4% | -4.7% | -51.0% | -483.7% |
| ROCE % | -5.5% | -3.9% | 18.8% | 22.2% | 18.5% | 23.4% |
| Debtor days | 29 | 24 | 21 | 14 | 14 | 15 |
| Inventory days | 159 | 91 | 53 | 59 | 44 | 47 |
| Payable days | 736 | 1,293 | 480 | 185 | 240 | 284 |
| Cash conversion cycle (days) | -548 | -1,178 | -406 | -112 | -182 | -222 |
| Working capital days | -794 | -723 | -326 | -331 | -370 | -326 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.12% |
| FIIs | 0.00% |
| DIIs | 0.57% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.21% |
| Public (non-institutions) | 27.31% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 71.39% | 71.39% | 71.39% | 72.03% | 72.07% | 72.12% | 72.12% | 72.12% |
| Promoter group | % |
|---|---|
| DSO Limited | 46.21% |
| Sandeep Gupta | 18.04% |
| Sudhir Chamanlal Gupta | 1.84% |
| Aria Resorts India Private Limited | 1.68% |
| Gunjan Jain | 1.39% |
| Madhu Jain | 0.88% |
| Chaman LAL Gupta and Sons HUF | 0.73% |
| Pankaj Gupta | 0.47% |
| Renu Arun Aggarwal | 0.42% |
| Chaman LAL Brij Rani Charitable Trust | 0.19% |
| Sonal Sharma | 0.14% |
| Jyotsana Amal Karl | 0.12% |
| Vinita Gupta | 0.00% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection Fund | 1.97% |
7,170 shareholders. Pledged: – of promoter shares.
Peers in Hotels & Resorts
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDHOTEL | ₹1,13,231 cr | 51.2x | 8.3x | 17.5% | 24.3% | 35.5% | +18.6% | 0.30% |
| ITCHOTELS | ₹34,226 cr | 39.5x | 2.9x | 7.7% | 10.1% | 32.7% | – | – |
| THELEELA | ₹19,468 cr | 31.3x | 3.0x | 5.0% | 9.1% | 48.6% | – | – |
| EIHOTEL | ₹18,060 cr | 25.4x | 3.4x | 14.4% | 19.7% | 33.4% | +13.3% | 0.58% |
| CHALET | ₹17,484 cr | 33.1x | 4.7x | 15.7% | 14.2% | 44.1% | +34.9% | 0.12% |
| VENTIVE | ₹12,654 cr | 26.4x | 2.3x | 9.9% | 12.4% | 42.9% | – | – |
| LEMONTREE | ₹8,721 cr | 37.1x | 6.3x | 18.4% | 15.8% | 45.3% | +18.2% | – |
| ITDC | ₹5,174 cr | 63.1x | 12.2x | 21.3% | 27.2% | 16.9% | +4.8% | 0.48% |
| JUNIPER | ₹4,474 cr | 27.0x | 1.6x | 5.9% | 8.6% | 37.4% | – | – |
| AHLWEST | ₹641 cr | 9.0x | – | – | 24.4% | 39.8% | +7.8% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-10-23 | Other | Annual General Meeting |
| 2020-09-22 | Other | Annual General Meeting |
| 2019-08-08 | Dividend | Dividend - Rs 1 Per Share |
| 2018-06-25 | Dividend | Dividend- Re 1 Per Share |
| 2017-07-03 | Dividend | Dividend - Re 1/- Per Share |
| 2016-07-14 | Dividend | Dividend - Re 1/- Per Share |
| 2015-09-02 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share/ E-Voting |
| 2014-09-12 | Dividend | Annual General Meeting / Dividend Rs 1.50/- Per Share / E-Voting |
| 2013-08-21 | Dividend | Annual General Meeting / Dividend - Rs. 2 Per Share |
| 2012-09-04 | Dividend | Annual General Meeting/ Dividend Rs. 4 Per Share |
| 2011-07-25 | Dividend | Dividend-Rs.4/- Per Share |
| 2010-09-09 | Dividend | Annual General Meeting And Dividend Rs.3/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Hotels & Resorts |
| Sub-industry | Hotels & Resorts |
| Symbol | AHLWEST |
| BSE code | 533221 |
| ISIN | INE915K01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.