The Indian Hotels Co. Ltd

NSE: INDHOTEL · Hotels & Resorts · sector

₹795.50NSE close 2026-10-26

Key numbers

Market cap₹1,13,231 cr

Price₹795.50

52w high / low₹796 / ₹565

P/E51.2xSector median 21.6x

P/B8.3xSector median 1.8x

Book value₹95.8

Dividend yield0.30%Sector median 0.58%

ROE17.5%Sector median 6.5%

ROCE24.3%Sector median 9.1%

OPM35.5%Sector median 26.3%

Debt / equity0.01xSector median 0.20x

EV/EBITDA29.5xSector median 12.9x

Interest cover14.4x

Current ratio2.35x

Sales growth 3y+18.6%Sector median +7.8%

Profit growth 3y+27.6%Sector median +10.9%

PEG1.86x

Last 12 months to Sep 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 ₹4,331 cr vs borrowings ₹51 cr (FY26): cash is higher (net cash).
Borrowings fell in each of the last 3 years (₹818 cr → ₹51 cr).
Operating profit covered interest 14.4x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 0 of the last 5 years.
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.
Dividend paid in 5 of the last 5 financial years.
Price ₹795.50 on 2026-10-26: 0.0% from the 52-week high, +40.8% 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 ₹880.05 · low ₹582.45

Quarterly results

₹ cr	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	2,533	2,425	2,041	2,041	2,842	2,765	2,339	2,484
EBITDA	962	854	576	570	1,351	973	673	702
OPM %	38.0%	35.2%	28.2%	27.9%	47.5%	35.2%	28.8%	28.2%
Other income	59	62	61	83	58	79	80	82
Net profit	582	522	296	285	903	600	358	349
EPS (₹)	4.09	3.67	2.08	2.00	6.35	4.21	2.51	2.46
Revenue YoY					+12.2%	+14.0%	+14.6%	+21.7%
Profit YoY					+55.1%	+14.8%	+20.8%	+22.7%

Consolidated figures where filed. Latest quarter Sep 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	3,056	5,810	6,769	8,335	9,689	10,431
EBITDA	420	1,808	2,157	3,074	3,470	3,698
Net profit	-248	1,003	1,259	1,908	2,084	2,210
EPS (₹)	-1.97	7.06	8.86	13.40	14.64	15.53
Revenue growth		+90.1%	+16.5%	+23.1%	+16.3%	+15.4%
Profit growth		–	+25.6%	+51.5%	+9.3%	+31.1%
Dividend / share (₹)	0.40	0.40	1.00	1.75	2.25

Compounded growth	3 years	5 years	Last 12 months
Sales	+18.6%	+43.8%	+15.4%
Net profit	+27.6%	–	+31.1%
EPS	+27.5%	–	–
Share price	–	+5.3% (2y)	+1.2%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	7,982	9,457	11,161	13,052
Borrowings	–	818	260	225	51
Cash & equivalents	–	1,811	2,210	3,080	4,331
Total assets	–	13,669	14,856	17,704	20,297
Fixed assets	–	7,615	8,110	9,632	10,381
Capital work in progress	–	324	231	576	764
Investments	–	483	755	679	540
Receivables	–	446	476	651	727
Inventory	–	109	116	135	150
Payables	–	477	519	578	720

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	672	1,619	1,935	2,194	2,471
Cash from investing	-1,642	-145	-1,210	-1,892	-1,727
Cash from financing	1,659	-1,528	-985	-547	-976
Capex	318	471	637	1,074	1,037
Free cash flow	354	1,148	1,298	1,120	1,435

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	12.6%	13.3%	17.1%	16.0%
ROCE %	–	17.4%	19.4%	24.5%	24.0%
Debtor days	–	28	26	29	27
Inventory days	–	84	82	64	57
Payable days	–	368	364	273	276
Cash conversion cycle (days)	–	-256	-256	-180	-192
Working capital days	–	30	58	95	126

Shareholding

Holder	% (2026-09-30)
Promoters	38.12%
FIIs	22.12%
DIIs	24.45%
of which Mutual funds	13.42%
of which Insurance	6.21%
Government	0.00%
Public (non-institutions)	15.31%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	38.12%	38.12%	38.12%	38.12%	38.12%	38.12%	38.12%	38.12%

Promoter group	%
Tata Sons Private Limited	35.66%
Tata Investment Corporation Ltd	1.26%
Tata Chemicals Limited	0.83%
Ewart Investments Limited	0.15%
TAJ Madurai Limited	0.08%
Oriental Hotels Limited	0.06%
Tata Industries Limited	0.05%
Taida Trading and Industries Limited	0.01%
Tata Capital Ltd	0.00%
SIR DORABJI TATA TRUST (Mr. Noel N. Tata, Mr. Venu Srinivasan, Mr. Vijay Singh, Mr. Darius Khambata, Mr. Neville Tata, Mr. Bhaskar Bhat)	0.00%
SIR RATAN TATA TRUST (Mr. Noel N. Tata, Mr. Venu Srinivasan, Mr. Jimmy N. Tata, Mr. Jehangir H.C. Jehangir, Mr. Darius Khambata)	0.00%
LADY TATA MEMORIAL TRUST (Dr. Mammen Chandy, Mr. Siddharth Sharma, Prof. K. VijayRaghavan)	0.00%
Tata Consumer Products Limited	0.00%
Metara Global Commodities Trading Private Limited	0.00%
TACO Lighting Solutions Private Limited	0.00%

Public holders above 1%	%
NPS Trust- A/C SBI Pension Fund Scheme - State Govt	4.65%
Life Insurance Corporation of India	2.88%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund	2.45%
Canara Robeco Mutual Fund A/C Canara Robeco Large and MID CAP Fund	2.35%
Nippon Life India Trustee Ltd- A/C Nippon India Growth MID CAP Fund	2.29%
HDFC Mutual Fund - HDFC Mid-cap Fund	1.45%
ICICI Prudential Equity Arbitrage Fund	1.09%
Rekha Jhunjhunwala	1.00%

6,24,250 shareholders. Pledged: 0.00% 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%	–	–
MHRIL	₹3,723 cr	67.6x	4.7x	7.2%	14.3%	19.5%	+5.9%	0.00%

All 64 companies in Hotels & Resorts →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Hotel Services	₹8,487 cr	87.5%	₹2,419 cr	28.5%
Air and Institutional Catering	₹1,210 cr	12.5%	₹231 cr	19.1%

Dividends & corporate actions

Ex-date	Action	Detail
2026-06-23	Dividend	Dividend - Rs 3.25 Per Share
2025-06-30	Dividend	Dividend - Rs 2.25 Per Sh
2024-06-07	Dividend	Dividend - Rs 1.75 Per Share
2023-06-09	Dividend	Annual General Meeting/Dividend - Re 1 Per Share
2022-06-22	Dividend	Dividend - Rs 0.40 Per Share
2021-11-11	Rights	Rights 1:9 @ Premium Rs 149/-
2021-06-14	Dividend	Annual General Meeting/Dividend - Rs 0.40 Per Share
2020-07-17	Dividend	Annual General Meeting/Dividend - Rs 0.50 Per Share
2019-06-12	Dividend	Annual General Meeting/Dividend Rs 0.50 Per Share
2018-07-11	Dividend	Annual General Meeting/Dividend Re- 0.40 Per Share
2017-10-04	Rights	Rights 1:5 @ Premium Rs 74/-
2017-08-11	Dividend	Annual General Meeting/Dividend - Re 0.35 Per Share
2016-08-12	Dividend	Annual General Meeting/ Dividend - Re 0.30/- Per Share
2015-08-06	Other	Annual General Meeting
2014-08-21	Other	Annual General Meeting
2014-07-18	Other	9 Ccds For Every 40 Equity Shares
2013-07-17	Dividend	Annual General Meeting/Dividend Re 0.80/- Per Share
2012-07-18	Dividend	Annual General Meeting/Dividend Re.1/- Per Share
2011-07-20	Dividend	Annual General Meeting And Dividend Re.1/- Per Share
2010-07-23	Dividend	Dividend-Re.1/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

Accommodation and Food Service: Inns, Resorts, Holiday homes, Hostels, Food and Beverage services provided by the hotels, restaurants, caterers, etc.


Sector	Consumer Discretionary
Industry	Hotels & Resorts
Sub-industry	Hotels & Resorts
Symbol	INDHOTEL
BSE code	500850
ISIN	INE053A01029
Face value	₹1.0
Incorporated	1902-04-01
Website	https://www.ihcltata.com
Plants (India / abroad)	28 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.