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Indian Hotels Co Ltd

INDHOTEL

NSE

₹781.75-0.07%23 Oct 2026

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Hotels

Indian Hotels Co Ltd

INDHOTEL

NSE

₹781.75

-0.07%

23 Oct 2026

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Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.Guidance Report: Management guidance vs outcomes.Forensic Report: Accounting quality and red flags.Deep Dive Report: In-depth business analysis.

Indian Hotels Company (IHCL) is the company behind the Taj Mahal Palace in Mumbai - the hotel Jamsetji Tata opened in 1903 that put India on the global luxury map. Over 120 years, it has grown from that single icon into South Asia’s largest hospitality company, with 645 hotels across 15 countries and a portfolio of fourteen brands that now reaches from palaces to roadside lean-luxe stays. The recurring idea is a shift from owning hotel buildings to a capital-light model of managing them for others - a pivot that let the company more than double its portfolio from 155 to 381 hotels during and after COVID, and that now powers its ambition to reach 700-plus hotels.

Business segments

Three engines at different stages - a luxury hotel anchor that generates the bulk of revenue, a fast-scaling midscale platform built on operating leases, and an airline-catering business that commands nearly 60% of India’s in-flight meals - each extending the same service philosophy beyond the hotel walls.

1. Taj luxury hotels: the flagship that carries the brand

Taj is the economic and emotional centre of IHCL - it contributes 69% of consolidated operating revenue, commands a 65% RevPAR premium over the industry, and has been rated the world’s strongest hotel brand five times by Brand Finance.

The palaces sub-brand sets the price ceiling - Taj’s palace hotels, such as Rambagh Palace in Jaipur (ranked the world’s No. 1 hotel by TripAdvisor in 2023), achieved an average room rate of over ₹53,000 at 63% occupancy in Q4 FY24, pulling up rates across the entire portfolio.
A global footprint with an Indian heart - the brand operates 150 hotels (93 open, 57 in the pipeline) across four continents, including owned landmarks like The Pierre in New York and St James Court in London, plus managed properties in the Maldives, Dubai, Frankfurt, and South Africa.
Iconic restaurants create their own gravity - Taj houses two Michelin-starred restaurants (Quilon in London and Campton Place in San Francisco) and a roster of signature outlets - Shamiana, House of Ming, Golden Dragon - that operate across multiple locations, turning dining into a standalone draw.
Brand strength translates into pricing power - with a Brand Strength Index score of 92.9 out of 100 and an AAA+ rating, Taj consistently outperforms its luxury peer set on operating metrics, and its flagship Mumbai property has held the highest guest satisfaction score globally among hospitality peers for years.

2. Ginger midscale hotels: the lean-luxe growth engine

Ginger is IHCL’s largest brand by hotel count - 262 hotels and counting - and it makes money through a revenue-share model that delivers 50-60% EBITDA margins at the hotel level, far above the thin fees of a traditional management contract.

A format reinvention unlocked the economics - repositioned from budget to “lean luxe” in 2018-19, Ginger now targets millennials who want seamless, tech-enabled stays, and the shift turned the brand profitable every single month of FY23.
The landlord gets a slice of revenue, not a fixed rent - under the operating-lease model, IHCL pays property owners 25-32% of revenue and keeps 20-25% for itself, so both sides win when the hotel performs well.
Big-box properties prove the model at scale - the 371-room Ginger Mumbai Airport hotel crossed ₹100 crore in revenue in FY26 with a 56% EBITDA margin, generating roughly ₹50 crore in EBITDA in its first full year.
Acquisitions accelerated the footprint - the purchase of controlling stakes in ANK Hotels and Pride Hospitality (which operate under the Clarks umbrella) in late 2025 doubled Ginger’s midscale presence overnight, adding 135 hotels on capital-light management contracts and setting up 35-plus brand-migration agreements to convert properties to the revenue-share lease model.

3. Airline catering: the market leader that feeds India’s skies

TajSATS produces 1.6 lakh meals a day from ten kitchens, holds almost 60% of India’s airline-catering market by meal volume, and has expanded into institutional dining - turning a behind-the-scenes operation into a standalone business with ₹1,219 crore in revenue.

Scale that no competitor matches - with kitchens at major airports including a new facility at Noida International Airport (25,000 meals per day capacity) and an expanded Mumbai kitchen, TajSATS serves both domestic carriers (Air India, IndiGo, Akasa Air) and international airlines (Singapore Airlines, Qantas, KLM).
Technology as a food-safety moat - it is the only flight caterer in India to deploy AI-powered X-ray inspection, achieving 95% food-safety efficiency, and it remains the sole provider of fresh Kosher meals in the country.
Institutional dining opens a second front - its step-down subsidiary Nekta Food Solutions, incorporated in 2023, has already won contracts with eleven major corporates, a leading hospital, and an education hub in Mumbai, taking the same kitchen infrastructure into office and campus canteens.
Consolidation tightened the grip - IHCL and SATS Ltd amended their shareholder agreement for TajSATS in mid-2024 without any changes to their shareholdings (IHCL 51%, SATS 49%), giving both parties certain rights in running the day-to-day business of Taj SATS.

Group structure and partners

IHCL is a Tata Group company (38.12% promoter holding) that runs a web of subsidiaries, joint ventures, and framework agreements - each designed to add hotels without adding debt to the parent balance sheet.

A subsidiary for every brand and format - Roots Corporation runs Ginger; PIEM Hotels and Benares Hotels hold legacy properties; Rajscape Hotels (55% owned) operates Tree of Life; Sparsh Infratech (51% owned) holds the Atmantan wellness resort; and Brij Hospitality (51% owned) runs the Brij experiential brand - each acquired with the founders staying on to run day-to-day operations.
The GVK exit turned a joint venture into a management contract - in December 2025, IHCL sold its 25.52% stake in Taj GVK for ₹592 crore but retained management contracts for all six operating hotels and signed a new one for an upcoming Taj in Bengaluru, converting an equity relationship into a pure fee-based arrangement.
Framework agreements act as a pipeline factory - IHCL has signed multi-property agreements with Clarks (155 hotels), Brij (23 hotels), Ambuja Neotia (15 hotels), and others, creating a pre-committed flow of future managed properties without upfront capital.
The Ekyam platform brings in patient capital - a partnership with CG Hospitality, seeded with over ₹1,250 crore of investment, targets 25 hotels across the Indian Ocean and Himalayan regions, while a ₹4,000 crore platform with Singapore’s GIC targets acquiring underperforming hotels in India for turnaround.

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Balance Sheet

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Mkt Cap

Market Capitalization

₹1,11,277Cr

Close Price

₹781.75

Industry

Hotels

Price To Earnings

50.34

Price To Sales

10.67

Revenue

₹10,431Cr

Rev Gr TTM

Revenue Growth TTM

15.38%

PAT Gr TTM

PAT Growth TTM

30.23%

Consolidated

Standalone

Numbers

Percentage

Quarter	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue RevenueCr	1,964	1,905	1,550	1,826	2,533	2,425	2,041	2,041	2,842	2,765	2,339	2,484
Growth YoY Revenue Growth YoY%	16.5	17.2	5.7	27.4	29.0	27.3	31.7	11.8	12.2	14.0	14.6	21.7
Expenses ExpensesCr	1,231	1,246	1,101	1,325	1,571	1,568	1,465	1,471	1,766	1,793	1,666	1,779
Operating Profit Operating ProfitCr	732	660	450	501	962	857	576	570	1,076	973	673	706
OPM OPM%	37.3	34.6	29.0	27.4	38.0	35.3	28.2	27.9	37.9	35.2	28.8	28.4
Other Income Other IncomeCr	40	46	46	371	59	59	61	83	334	79	80	78
Interest Expense Interest ExpenseCr	53	52	50	52	52	54	55	56	56	55	57	65
Depreciation DepreciationCr	114	120	117	125	134	142	143	145	150	167	163	174
PBT PBTCr	605	535	328	696	834	720	440	453	1,203	830	533	545
Tax TaxCr	167	142	94	122	220	180	120	137	269	205	142	165
PAT PATCr	438	393	234	573	614	540	319	316	934	625	391	380
Growth YoY PAT Growth YoY%	15.6	30.2	11.2	258.5	40.1	37.4	36.4	-44.8	52.2	15.8	22.4	20.1
NPM NPM%	22.3	20.6	15.1	31.4	24.2	22.3	15.7	15.5	32.9	22.6	16.7	15.3
EPS EPS₹	3.2	2.9	1.8	3.9	4.1	3.7	2.1	2.0	6.3	4.2	2.5	2.5

Quarter	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue RevenueCr	1,964	1,905	1,550	1,826	2,533	2,425	2,041	2,041	2,842	2,765	2,339	2,484
Growth YoY Revenue Growth YoY%	16.5	17.2	5.7	27.4	29.0	27.3	31.7	11.8	12.2	14.0	14.6	21.7
Expenses ExpensesCr	1,231	1,246	1,101	1,325	1,571	1,568	1,465	1,471	1,766	1,793	1,666	1,779
Operating Profit Operating ProfitCr	732	660	450	501	962	857	576	570	1,076	973	673	706
OPM OPM%	37.3	34.6	29.0	27.4	38.0	35.3	28.2	27.9	37.9	35.2	28.8	28.4
Other Income Other IncomeCr	40	46	46	371	59	59	61	83	334	79	80	78
Interest Expense Interest ExpenseCr	53	52	50	52	52	54	55	56	56	55	57	65
Depreciation DepreciationCr	114	120	117	125	134	142	143	145	150	167	163	174
PBT PBTCr	605	535	328	696	834	720	440	453	1,203	830	533	545
Tax TaxCr	167	142	94	122	220	180	120	137	269	205	142	165
PAT PATCr	438	393	234	573	614	540	319	316	934	625	391	380
Growth YoY PAT Growth YoY%	15.6	30.2	11.2	258.5	40.1	37.4	36.4	-44.8	52.2	15.8	22.4	20.1
NPM NPM%	22.3	20.6	15.1	31.4	24.2	22.3	15.7	15.5	32.9	22.6	16.7	15.3
EPS EPS₹	3.2	2.9	1.8	3.9	4.1	3.7	2.1	2.0	6.3	4.2	2.5	2.5

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	4,023	4,021	4,104	4,512	4,463	1,575	3,056	5,810	6,769	8,335	9,689	10,431
Growth Revenue Growth%	-4.0	-0.1	2.1	9.9	-1.1	-64.7	94.0	90.1	16.5	23.1	16.3	15.4
Expenses ExpensesCr	3,471	3,411	3,433	3,682	3,496	1,937	2,651	4,005	4,612	5,565	6,495	7,004
Operating Profit Operating ProfitCr	552	610	670	830	968	-362	405	1,805	2,157	2,769	3,195	3,427
OPM OPM%	13.7	15.2	16.3	18.4	21.7	-23.0	13.2	31.1	31.9	33.2	33.0	32.9
Other Income Other IncomeCr	17	44	84	90	173	325	171	142	183	535	558	571
Interest Expense Interest ExpenseCr	376	324	269	190	341	403	428	236	220	208	221	233
Depreciation DepreciationCr	285	299	301	328	404	410	406	416	454	518	605	654
PBT PBTCr	-91	31	184	402	396	-850	-258	1,295	1,666	2,578	2,926	3,111
Tax TaxCr	91	114	121	157	45	-155	-36	323	464	617	731	781
PAT PATCr	-182	-83	63	245	351	-694	-222	971	1,202	1,961	2,195	2,330
Growth PAT Growth%	47.6	54.3	176.0	286.8	43.4	-297.9	68.0	536.8	23.7	63.2	11.9	30.2
NPM NPM%	-4.5	-2.1	1.5	5.4	7.9	-44.1	-7.3	16.7	17.8	23.5	22.7	22.3
EPS EPS₹	-2.1	-0.5	0.9	2.3	2.9	-5.9	-2.0	7.1	8.9	13.4	14.6	15.5

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	4,023	4,021	4,104	4,512	4,463	1,575	3,056	5,810	6,769	8,335	9,689	10,431
Growth Revenue Growth%	-4.0	-0.1	2.1	9.9	-1.1	-64.7	94.0	90.1	16.5	23.1	16.3	15.4
Expenses ExpensesCr	3,471	3,411	3,433	3,682	3,496	1,937	2,651	4,005	4,612	5,565	6,495	7,004
Operating Profit Operating ProfitCr	552	610	670	830	968	-362	405	1,805	2,157	2,769	3,195	3,427
OPM OPM%	13.7	15.2	16.3	18.4	21.7	-23.0	13.2	31.1	31.9	33.2	33.0	32.9
Other Income Other IncomeCr	17	44	84	90	173	325	171	142	183	535	558	571
Interest Expense Interest ExpenseCr	376	324	269	190	341	403	428	236	220	208	221	233
Depreciation DepreciationCr	285	299	301	328	404	410	406	416	454	518	605	654
PBT PBTCr	-91	31	184	402	396	-850	-258	1,295	1,666	2,578	2,926	3,111
Tax TaxCr	91	114	121	157	45	-155	-36	323	464	617	731	781
PAT PATCr	-182	-83	63	245	351	-694	-222	971	1,202	1,961	2,195	2,330
Growth PAT Growth%	47.6	54.3	176.0	286.8	43.4	-297.9	68.0	536.8	23.7	63.2	11.9	30.2
NPM NPM%	-4.5	-2.1	1.5	5.4	7.9	-44.1	-7.3	16.7	17.8	23.5	22.7	22.3
EPS EPS₹	-2.1	-0.5	0.9	2.3	2.9	-5.9	-2.0	7.1	8.9	13.4	14.6	15.5

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital Equity CapitalCr	99	99	119	119	119	119	142	142	142	142	142	142
Reserves ReservesCr	2,481	2,419	4,062	4,229	4,238	3,530	6,920	7,840	9,314	11,018	12,910	13,498
Current Liabilities Current LiabilitiesCr	2,416	1,839	1,393	2,089	1,901	2,948	1,964	2,119	1,998	1,996	2,235	2,492
Non Current Liabilities Non Current LiabilitiesCr	4,076	3,540	3,023	2,346	4,496	4,282	3,471	2,908	2,729	3,292	3,122	3,640
Total Liabilities Total LiabilitiesCr	9,815	8,634	9,375	9,584	11,518	11,513	13,090	13,669	14,856	17,704	20,297	21,895
Current Assets Current AssetsCr	944	926	1,220	1,159	1,437	1,154	2,674	2,590	3,068	4,170	5,577	5,852
Non Current Assets Non Current AssetsCr	8,871	7,708	8,155	8,425	10,081	10,359	10,416	11,078	11,787	13,534	14,720	16,043
Total Assets Total AssetsCr	9,815	8,634	9,375	9,584	11,518	11,513	13,090	13,669	14,856	17,704	20,297	21,895

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital Equity CapitalCr	99	99	119	119	119	119	142	142	142	142	142	142
Reserves ReservesCr	2,481	2,419	4,062	4,229	4,238	3,530	6,920	7,840	9,314	11,018	12,910	13,498
Current Liabilities Current LiabilitiesCr	2,416	1,839	1,393	2,089	1,901	2,948	1,964	2,119	1,998	1,996	2,235	2,492
Non Current Liabilities Non Current LiabilitiesCr	4,076	3,540	3,023	2,346	4,496	4,282	3,471	2,908	2,729	3,292	3,122	3,640
Total Liabilities Total LiabilitiesCr	9,815	8,634	9,375	9,584	11,518	11,513	13,090	13,669	14,856	17,704	20,297	21,895
Current Assets Current AssetsCr	944	926	1,220	1,159	1,437	1,154	2,674	2,590	3,068	4,170	5,577	5,852
Non Current Assets Non Current AssetsCr	8,871	7,708	8,155	8,425	10,081	10,359	10,416	11,078	11,787	13,534	14,720	16,043
Total Assets Total AssetsCr	9,815	8,634	9,375	9,584	11,518	11,513	13,090	13,669	14,856	17,704	20,297	21,895

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	619	535	492	711	823	-319	672	1,619	1,935	2,194	2,471
Investing Cash Flow Investing Cash FlowCr	338	855	-529	-388	-502	-120	-1,642	-145	-1,210	-1,892	-1,727
Financing Cash Flow Financing Cash FlowCr	-1,196	-1,381	96	-343	-265	280	1,659	-1,528	-985	-547	-976
Net Cash Flow Net Cash FlowCr	-240	8	59	-20	56	-158	688	-53	-260	-245	-232
Free Cash Flow Free Cash FlowCr	253	954	-13	251	511	-506	387	1,191	1,302	1,133	1,444
CFO To PAT CFO To PAT%	-340.4	-642.8	778.2	290.9	234.8	45.9	-302.0	166.7	161.1	111.9	112.6
CFO To EBITDA CFO To EBITDA%	112.1	87.7	73.4	85.7	85.1	88.1	165.9	89.7	89.7	79.2	77.4

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	619	535	492	711	823	-319	672	1,619	1,935	2,194	2,471
Investing Cash Flow Investing Cash FlowCr	338	855	-529	-388	-502	-120	-1,642	-145	-1,210	-1,892	-1,727
Financing Cash Flow Financing Cash FlowCr	-1,196	-1,381	96	-343	-265	280	1,659	-1,528	-985	-547	-976
Net Cash Flow Net Cash FlowCr	-240	8	59	-20	56	-158	688	-53	-260	-245	-232
Free Cash Flow Free Cash FlowCr	253	954	-13	251	511	-506	387	1,191	1,302	1,133	1,444
CFO To PAT CFO To PAT%	-340.4	-642.8	778.2	290.9	234.8	45.9	-302.0	166.7	161.1	111.9	112.6
CFO To EBITDA CFO To EBITDA%	112.1	87.7	73.4	85.7	85.1	88.1	165.9	89.7	89.7	79.2	77.4

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	9,823	12,564	15,145	18,356	8,908	13,189	33,862	46,078	84,175	1,11,974	81,242	1,11,277
Price To Earnings Price To Earnings	-42.4		149.8	64.0	25.1			46.0	66.8	58.7	39.0	50.3
Price To Sales Price To Sales	2.4	3.1	3.7	4.1	2.0	8.4	11.1	7.9	12.4	13.4	8.4	10.7
Price To Book Price To Book	3.8	5.0	3.6	4.2	2.0	3.6	4.8	5.8	8.9	10.0	6.2	8.2
EV To EBITDA EV To EBITDA	23.8	24.8	25.7	23.9	13.2	-51.3	90.3	26.7	39.6	40.8	25.8	32.9
Profitability Ratios Profitability Ratios
GPM GPM%	69.2	69.4	69.8	70.0	67.5	57.0	65.4	68.7	69.3	73.1	73.3	73.3
OPM OPM%	13.7	15.2	16.3	18.4	21.7	-23.0	13.2	31.1	31.9	33.2	33.0	32.9
NPM NPM%	-4.5	-2.1	1.5	5.4	7.9	-44.1	-7.3	16.7	17.8	23.5	22.7	22.3
ROCE ROCE%	4.7	6.7	7.0	9.8	8.6	-4.9	1.6	13.8	15.5	19.6	19.8	24.3
ROE ROE%	-7.0	-3.3	1.5	5.6	8.1	-19.0	-3.1	12.2	12.7	17.6	16.8	17.1
ROA ROA%	-1.9	-1.0	0.7	2.5	3.0	-6.0	-1.7	7.1	8.1	11.1	10.8	10.6
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	9,823	12,564	15,145	18,356	8,908	13,189	33,862	46,078	84,175	1,11,974	81,242	1,11,277
Price To Earnings Price To Earnings	-42.4		149.8	64.0	25.1			46.0	66.8	58.7	39.0	50.3
Price To Sales Price To Sales	2.4	3.1	3.7	4.1	2.0	8.4	11.1	7.9	12.4	13.4	8.4	10.7
Price To Book Price To Book	3.8	5.0	3.6	4.2	2.0	3.6	4.8	5.8	8.9	10.0	6.2	8.2
EV To EBITDA EV To EBITDA	23.8	24.8	25.7	23.9	13.2	-51.3	90.3	26.7	39.6	40.8	25.8	32.9
Profitability Ratios Profitability Ratios
GPM GPM%	69.2	69.4	69.8	70.0	67.5	57.0	65.4	68.7	69.3	73.1	73.3	73.3
OPM OPM%	13.7	15.2	16.3	18.4	21.7	-23.0	13.2	31.1	31.9	33.2	33.0	32.9
NPM NPM%	-4.5	-2.1	1.5	5.4	7.9	-44.1	-7.3	16.7	17.8	23.5	22.7	22.3
ROCE ROCE%	4.7	6.7	7.0	9.8	8.6	-4.9	1.6	13.8	15.5	19.6	19.8	24.3
ROE ROE%	-7.0	-3.3	1.5	5.6	8.1	-19.0	-3.1	12.2	12.7	17.6	16.8	17.1
ROA ROA%	-1.9	-1.0	0.7	2.5	3.0	-6.0	-1.7	7.1	8.1	11.1	10.8	10.6
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	INDHOTEL	ITCHOTELS	THELEELA	EIHOTEL	CHALET	VENTIVE	LEMONTREE
Market CapitalizationMkt CapCr	1,11,277	32,550	19,301	18,017	17,287	13,000	8,631
Close PriceClose₹	781.75	156.25	577.95	288.10	789.40	556.65	108.94
IndustryIndustry	Hotels	Hotels	Hotels	Hotels	Hotels	Hotels	Hotels
Price To EarningsPE	50.34	37.56	31.06	25.32	32.71	27.10	36.68
Price To SalesPS	10.67	7.64	11.32	5.96	7.24	5.21	5.86
RevenueRevenueCr	10,431	4,260	1,706	3,023	2,387	2,496	1,473
Revenue Growth TTMRev Gr TTM%	15.4%	16.1%	23.5%	8.3%	6.0%	25.0%	10.5%
PAT Growth TTMPAT Gr TTM%	30.2%	27.1%	80.0%	4.3%	85.3%	233.1%	9.7%

	INDHOTEL	ITCHOTELS	THELEELA	EIHOTEL	CHALET	VENTIVE	LEMONTREE
Market CapitalizationMkt CapCr	1,11,277	32,550	19,301	18,017	17,287	13,000	8,631
Close PriceClose₹	781.75	156.25	577.95	288.10	789.40	556.65	108.94
IndustryIndustry	Hotels	Hotels	Hotels	Hotels	Hotels	Hotels	Hotels
Price To EarningsPE	50.34	37.56	31.06	25.32	32.71	27.10	36.68
Price To SalesPS	10.67	7.64	11.32	5.96	7.24	5.21	5.86
RevenueRevenueCr	10,431	4,260	1,706	3,023	2,387	2,496	1,473
Revenue Growth TTMRev Gr TTM%	15.4%	16.1%	23.5%	8.3%	6.0%	25.0%	10.5%
PAT Growth TTMPAT Gr TTM%	30.2%	27.1%	80.0%	4.3%	85.3%	233.1%	9.7%

FY2026

FY2025

FY2024

FY2023

FY2022

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FY2020

FY2026

Sep 26