Viceroy Hotels Limited
NSE: VHLTD · Hotels & Resorts · sector
₹140.24NSE close 2026-10-26
Key numbers
Market cap₹948 cr
Price₹140.24
52w high / low₹162 / ₹115
P/E41.5xSector median 21.6x
P/B3.5xSector median 1.8x
Book value₹39.5
Dividend yield–Sector median 0.58%
ROE8.9%Sector median 6.5%
ROCE6.6%Sector median 9.1%
OPM28.1%Sector median 26.3%
Debt / equity0.99xSector median 0.20x
EV/EBITDA26.0xSector median 12.9x
Interest cover2.7x
Current ratio1.22x
Sales growth 3y–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 ₹19 cr vs borrowings ₹264 cr (FY26): borrowings are higher by ₹245 cr.
- Operating profit covered interest 2.7x in the last 12 months.
- Promoter holding fell by 10.08 percentage points in a year, to 74.03% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 3 years (FY25, FY24).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 25% of net profit in the last 12 months.
- No dividend in the last 3 financial years.
- Price ₹140.24 on 2026-10-26: -13.3% from the 52-week high, +22.4% 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 ₹156.07 · low ₹96.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32 | 38 | 35 | 25 | 31 | 39 | 48 | 45 |
| EBITDA | 8 | 11 | 10 | 4 | 8 | 12 | 14 | 12 |
| OPM % | 24.6% | 30.1% | 27.0% | 14.7% | 25.2% | 31.5% | 29.7% | 25.6% |
| Other income | 1 | 0 | 1 | 1 | 1 | 3 | 1 | 0 |
| Net profit | 60 | 7 | 10 | -3 | 4 | 11 | 6 | 1 |
| EPS (₹) | 9.45 | 1.15 | 1.62 | -0.04 | 0.65 | 1.63 | 0.89 | 0.21 |
| Revenue YoY | -4.7% | +2.4% | +36.9% | +77.0% | ||||
| Profit YoY | -92.7% | +50.3% | -39.8% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 138 | 137 | 143 | 163 |
| EBITDA | 15 | 34 | 38 | 46 |
| Net profit | 2 | 78 | 18 | 23 |
| EPS (₹) | 1.41 | 12.21 | 2.91 | 3.38 |
| Revenue growth | -0.6% | +4.3% | +24.4% | |
| Profit growth | +3,163.2% | -76.5% | -69.2% | |
| Dividend / share (₹) | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +24.4% |
| Net profit | – | – | -69.2% |
| EPS | – | – | – |
| Share price | – | +4.4% (2y) | +10.8% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 67 | 244 | 267 |
| Borrowings | 168 | 52 | 264 |
| Cash & equivalents | 30 | 16 | 19 |
| Total assets | 327 | 312 | 557 |
| Fixed assets | 214 | 178 | 346 |
| Capital work in progress | 37 | 15 | 57 |
| Investments | 0 | 20 | 1 |
| Receivables | 8 | 7 | 6 |
| Inventory | 1 | 1 | 1 |
| Payables | 8 | 5 | 8 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | -159 | 32 | 58 |
| Cash from investing | 42 | -77 | -210 |
| Cash from financing | 135 | -83 | 165 |
| Capex | 21 | 18 | 123 |
| Free cash flow | -181 | 14 | -65 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 3.6% | 31.9% | 6.9% |
| ROCE % | 0.7% | 8.6% | 5.6% |
| Debtor days | 21 | 19 | 16 |
| Inventory days | 8 | 14 | 17 |
| Payable days | 83 | 130 | 190 |
| Cash conversion cycle (days) | -54 | -97 | -157 |
| Working capital days | -14 | 101 | 24 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.03% |
| DIIs | 0.35% |
| Public (non-institutions) | 25.62% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 84.11% | 84.11% | 84.11% | 84.11% | 84.11% | 84.11% | 74.03% | 74.03% |
| Promoter group | % |
|---|---|
| Loko Hospitality Private Limited | 74.03% |
| Public holders above 1% | % |
|---|---|
| Nksquared | 3.36% |
| Kamath Associates | 3.36% |
15,906 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% | – | – |
| VHLTD | ₹948 cr | 41.5x | 3.5x | 8.9% | 6.6% | 28.1% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-20 | Rights | Rights 6:7 @ Premium Rs 105/- |
| 2024-11-29 | Rights | Rights 7:10 @ Prm Rs 102/- |
| 2024-09-02 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- 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 | VHLTD |
| BSE code | 523796 |
| ISIN | INE048C01025 |
| 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.