Asian Hotels (North) Ltd

NSE: ASIANHOTNR · Hotels & Resorts · sector

₹296.95NSE close 2026-10-26

Key numbers

Market cap₹827 cr

Price₹296.95

52w high / low₹424 / ₹248

P/E–Sector median 21.6x

P/B0.9xSector median 1.8x

Book value₹330.6

Dividend yield–Sector median 0.58%

ROE-15.6%Sector median 6.5%

ROCE-5.6%Sector median 9.1%

OPM-17.5%Sector median 26.3%

Debt / equity0.36xSector median 0.20x

EV/EBITDA–Sector median 12.9x

Interest cover-1.0x

Current ratio0.60x

Sales growth 3y+10.1%Sector median +7.8%

Profit growth 3y–Sector median +10.9%

PEG–

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 ₹184 cr vs borrowings ₹334 cr (FY26): borrowings are higher by ₹150 cr.
Borrowings fell in each of the last 3 years (₹1,082 cr → ₹334 cr).
Operating profit covered interest -1.0x in the last 12 months.
2.49% of the promoters' shares are pledged (0.0% of all shares).
Operating cash flow was below net profit in 1 of the last 5 years (FY26).
Net loss in 5 of the last 8 quarters.
Revenue was higher than a year earlier in 3 of the last 4 quarters.
No dividend in the last 5 financial years.
Price ₹296.95 on 2026-10-26: -29.9% from the 52-week high, +20.0% 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 ₹404.50 · low ₹177.83

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	78	86	92	70	77	91	103	78
EBITDA	20	138	214	15	-59	-31	16	14
OPM %	25.4%	159.6%	233.7%	21.1%	-77.2%	-33.7%	15.1%	17.5%
Other income	0	0	2	0	7	0	1	0
Net profit	-52	90	174	-14	-64	-56	32	-4
EPS (₹)	-26.71	46.42	89.54	-6.97	-32.66	-29.03	8.70	-0.83
Revenue YoY					-1.5%	+5.2%	+12.5%	+10.4%
Profit YoY					–	-162.5%	-81.9%	–

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	131	256	298	318	341	348
EBITDA	-323	54	72	385	-60	-61
Net profit	-425	-85	-88	187	-102	-92
EPS (₹)	-233.29	-43.60	-44.98	96.26	-44.05	-53.82
Revenue growth		+96.0%	+16.5%	+6.7%	+7.2%	+6.8%
Profit growth		–	–	–	-154.5%	-146.2%
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+10.1%	+36.3%	+6.8%
Net profit	–	–	-146.3%
EPS	–	–	–
Share price	–	+30.2% (2y)	-8.4%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	162	75	262	921
Borrowings	–	1,082	1,052	550	334
Cash & equivalents	–	20	54	54	184
Total assets	–	1,573	1,703	1,544	1,692
Fixed assets	–	1,457	1,434	1,418	1,384
Capital work in progress	–	1	1	1	–
Investments	–	0	0	0	0
Receivables	–	16	17	16	21
Inventory	–	9	11	13	9
Payables	–	85	100	34	47

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	15	43	72	437	-156
Cash from investing	-3	4	0	-5	17
Cash from financing	-11	-29	-38	-431	268
Capex	1	1	0	6	3
Free cash flow	14	42	72	431	-159

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	-52.2%	-116.8%	71.4%	-11.1%
ROCE %	–	2.7%	4.7%	45.0%	-5.5%
Debtor days	–	23	21	19	23
Inventory days	–	93	114	138	93
Payable days	–	867	998	354	489
Cash conversion cycle (days)	–	-751	-863	-197	-373
Working capital days	–	-781	-867	-1,158	-168

Shareholding

Holder	% (2026-09-30)
FIIs	2.57%
DIIs	2.09%
of which Mutual funds	0.00%
of which Insurance	0.06%
Public (non-institutions)	95.34%

Quarter	Jan 2026	Jan 2026	Jan 2026	Feb 2026	Feb 2026	Mar 2026	Jun 2026	Sep 2026
Promoters %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Public holders above 1%	%
Elana Holdings PTE Ltd.	54.37%
Narendrakumar Ramesh Chandra Raval	11.09%
Shreya Agarwal	9.98%
DBS Bank Limited	2.40%
Ratna Saraf	2.25%
Angel Expanders PVT. Ltd.	2.16%
Indistock Private Limited	1.61%
Asian Holdings Private Ltd.	1.29%
Shyam M Jatia	1.17%

9,488 shareholders. Pledged: 2.49% 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%	–	–
ASIANHOTNR	₹827 cr	–	0.9x	-15.6%	-5.6%	-17.5%	+10.1%	–

All 64 companies in Hotels & Resorts →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-20	Other	Annual General Meeting
2023-09-22	Other	Annual General Meeting
2022-09-20	Other	Annual General Meeting
2021-09-21	Other	Annual General Meeting
2020-12-17	Other	Annual General Meeting
2019-08-19	Other	Annual General Meeting
2018-07-26	Other	Annual General Meeting
2017-08-03	Other	Annual General Meeting
2016-09-22	Other	Annual General Meeting
2015-09-11	Other	Annual General Meeting
2014-09-25	Dividend	Annual General Meeting / Dividend - Re 1/- Per Share
2013-09-19	Dividend	Annual General Meeting / Dividend - Re 1/- Per Share
2012-09-20	Dividend	Annual General Meeting And Dividend Rs.1.50 Per Share
2011-09-15	Dividend	Dividend-Rs.2.50 Per Share
2010-09-22	Dividend	Dividend-Rs.5/- Per Share

Documents

Links go to the original files on the exchange website.

About the company


Sector	Consumer Discretionary
Industry	Hotels & Resorts
Sub-industry	Hotels & Resorts
Symbol	ASIANHOTNR
BSE code	500023
ISIN	INE363A01022
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.