Lemon Tree Hotels Ltd
NSE: LEMONTREE · Hotels & Resorts · sector
₹110.14NSE close 2026-10-26
Key numbers
Market cap₹8,721 cr
Price₹110.14
52w high / low₹171 / ₹100
P/E37.1xSector median 21.6x
P/B6.3xSector median 1.8x
Book value₹17.6
Dividend yield–Sector median 0.58%
ROE18.4%Sector median 6.5%
ROCE15.8%Sector median 9.1%
OPM45.3%Sector median 26.3%
Debt / equity1.44xSector median 0.20x
EV/EBITDA15.8xSector median 12.9x
Interest cover3.4x
Current ratio1.21x
Sales growth 3y+18.2%Sector median +7.8%
Profit growth 3y+25.6%Sector median +10.9%
PEG1.45x
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 ₹164 cr vs borrowings ₹2,004 cr (FY26): borrowings are higher by ₹1,840 cr.
- Operating profit covered interest 3.4x 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 4% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹110.14 on 2026-10-26: -35.5% from the 52-week high, +10.6% 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 ₹174.87 · low ₹102.14
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 284 | 355 | 379 | 316 | 306 | 406 | 416 | 345 |
| EBITDA | 131 | 184 | 204 | 141 | 131 | 173 | 213 | 150 |
| OPM % | 46.0% | 51.9% | 53.9% | 44.5% | 42.7% | 42.7% | 51.2% | 43.4% |
| Other income | 0 | 1 | 1 | 2 | 2 | 2 | 3 | 2 |
| Net profit | 30 | 62 | 85 | 38 | 35 | 63 | 91 | 46 |
| EPS (₹) | 0.37 | 0.79 | 1.07 | 0.48 | 0.44 | 0.79 | 1.16 | 0.58 |
| Revenue YoY | +7.7% | +14.3% | +10.0% | +9.1% | ||||
| Profit YoY | +16.7% | +0.3% | +8.1% | +20.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 402 | 875 | 1,071 | 1,286 | 1,444 | 1,473 |
| EBITDA | 119 | 448 | 523 | 634 | 658 | 667 |
| Net profit | -87 | 115 | 148 | 197 | 227 | 235 |
| EPS (₹) | -1.11 | 1.45 | 1.88 | 2.48 | 2.87 | 2.97 |
| Revenue growth | +117.5% | +22.4% | +20.1% | +12.3% | +10.5% | |
| Profit growth | – | +29.6% | +32.4% | +15.5% | +9.2% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +18.2% | +41.8% | +10.5% |
| Net profit | +25.6% | – | +9.2% |
| EPS | +25.6% | – | – |
| Share price | – | -4.6% (2y) | -34.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 854 | 967 | 1,164 | 1,392 |
| Borrowings | – | 2,177 | 1,894 | 2,148 | 2,004 |
| Cash & equivalents | – | 28 | 62 | 119 | 164 |
| Total assets | – | 3,732 | 4,033 | 4,082 | 4,285 |
| Fixed assets | – | 2,854 | 3,505 | 3,428 | 3,426 |
| Capital work in progress | – | 469 | 25 | 45 | 108 |
| Investments | – | 5 | 5 | 6 | 7 |
| Receivables | – | 56 | 71 | 79 | 116 |
| Inventory | – | 11 | 14 | 14 | 14 |
| Payables | – | 67 | 86 | 62 | 67 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 135 | 385 | 465 | 542 | 542 |
| Cash from investing | -45 | -283 | -397 | -127 | -169 |
| Cash from financing | -163 | -132 | -59 | -392 | -370 |
| Capex | 68 | 162 | 331 | 96 | 138 |
| Free cash flow | 68 | 223 | 134 | 446 | 403 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.4% | 15.4% | 16.9% | 16.3% |
| ROCE % | – | 11.7% | 14.6% | 15.0% | 15.5% |
| Debtor days | – | 23 | 24 | 22 | 29 |
| Inventory days | – | 77 | 80 | 66 | 59 |
| Payable days | – | 489 | 499 | 295 | 289 |
| Cash conversion cycle (days) | – | -389 | -395 | -207 | -201 |
| Working capital days | – | -98 | -52 | -14 | 19 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 22.32% |
| FIIs | 18.26% |
| DIIs | 14.80% |
| of which Mutual funds | 13.35% |
| of which Insurance | 0.82% |
| Government | 0.00% |
| Public (non-institutions) | 44.57% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 22.77% | 22.34% | 22.28% | 22.28% | 22.28% | 22.32% | 22.32% | 22.32% |
| Promoter group | % |
|---|---|
| Spank Management Services Private Limited | 21.12% |
| Sparrow Buildwell Private Limited | 0.86% |
| ILA Dubey | 0.31% |
| Lillette Dubey | 0.02% |
| Toucan Real Estates Private Limited | 0.01% |
| Patanjali Govind Keswani | 0.00% |
| Nayana RIA Keswani | 0.00% |
| Aditya Madhav Keswani | 0.00% |
| Crow Real Estates Private Limited | 0.00% |
| Garnet Hotels Private Limited | 0.00% |
| Pony Tale Hotels Private Limited | 0.00% |
| Prinia Hotels Private Limited | 0.00% |
| Oceanus Development Company Private Limited | 0.00% |
| Myna Real Estates Private Limited | 0.00% |
| Unistar Hotels Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| APG Strategic Real Estate Pool N.V. | 14.99% |
| Franklin India Flexi CAP Fund | 4.35% |
| SBI ESG Exclusionary Strategy Fund | 3.30% |
| Nippon Life India Trustee Ltd-a/c Nippon India NIF | 2.52% |
| HSBC Mutual Fund - HSBC Small CAP Fund | 2.21% |
| Nomura India Investment Fund Mother Fund | 1.63% |
| Allianz Global Investors GMBH Acting on Behalf of Allianz Soafonds | 1.60% |
4,19,243 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% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-19 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Operating Hotels: Hotel service including accommodation/rooms, dining, bar, banquets, conference, meeting rooms, spa, fitness center, swimming pool, etc.
| Sector | Consumer Discretionary |
| Industry | Hotels & Resorts |
| Sub-industry | Hotels & Resorts |
| Symbol | LEMONTREE |
| BSE code | 541233 |
| ISIN | INE970X01018 |
| Face value | ₹10.0 |
| Incorporated | 1992-06-02 |
| Website | www.lemontreehotels.com |
| Plants (India / abroad) | 126 / 5 |
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.