Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹1,788Cr
Rev Gr TTM
Revenue Growth TTM
18.15%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

ORIENTHOT
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 68.6 | 4.5 | 2.5 | -3.4 | -3.5 | -11.5 | 13.5 | 19.4 | 23.3 | 31.3 | 7.0 | 14.2 |
| 79 | 70 | 71 | 74 | 81 | 70 | 79 | 87 | 94 | 82 | 84 | 97 |
Operating Profit Operating ProfitCr |
| 28.7 | 24.3 | 22.0 | 27.9 | 24.9 | 14.3 | 24.0 | 28.4 | 29.4 | 23.8 | 23.8 | 30.1 |
Other Income Other IncomeCr | 4 | 1 | 2 | 5 | 4 | 1 | 0 | 1 | 1 | 0 | 5 | 1 |
Interest Expense Interest ExpenseCr | 5 | 5 | 5 | 5 | 3 | 4 | 5 | 5 | 4 | 4 | 4 | 4 |
Depreciation DepreciationCr | 6 | 6 | 6 | 6 | 6 | 7 | 8 | 9 | 9 | 8 | 9 | 9 |
| 26 | 13 | 11 | 22 | 21 | 2 | 13 | 22 | 26 | 14 | 19 | 31 |
| 8 | 4 | 4 | 5 | 4 | 1 | 4 | 8 | 9 | 5 | 6 | 10 |
|
Growth YoY PAT Growth YoY% | 1,205.1 | -22.9 | -28.9 | 12.7 | -8.4 | -81.5 | 6.6 | -14.9 | 8.3 | 467.5 | 51.9 | 44.1 |
| 16.2 | 9.5 | 8.6 | 16.5 | 15.3 | 2.0 | 8.1 | 11.8 | 13.5 | 8.6 | 11.5 | 14.9 |
| 1.2 | 0.4 | 0.2 | 1.0 | 1.1 | -0.1 | 0.3 | 0.9 | 1.1 | 0.4 | 0.5 | 1.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 3.7 | -11.9 | 6.9 | -3.1 | -16.1 | -60.2 | 89.3 | 79.8 | -0.3 | 11.8 | 11.4 |
| 306 | 329 | 286 | 302 | 295 | 253 | 148 | 196 | 282 | 295 | 330 | 357 |
Operating Profit Operating ProfitCr |
| 16.4 | 13.4 | 14.6 | 15.7 | 14.8 | 13.2 | -27.6 | 10.7 | 28.5 | 24.9 | 25.0 | 27.1 |
Other Income Other IncomeCr | 4 | 1 | 5 | 4 | 104 | 7 | 7 | 7 | 11 | 11 | 3 | 7 |
Interest Expense Interest ExpenseCr | 32 | 25 | 32 | 31 | 27 | 24 | 22 | 22 | 20 | 17 | 17 | 15 |
Depreciation DepreciationCr | 33 | 34 | 25 | 28 | 28 | 28 | 29 | 26 | 23 | 24 | 33 | 35 |
| -2 | -6 | -3 | 2 | 100 | -6 | -76 | -18 | 80 | 68 | 63 | 90 |
| -2 | -3 | 0 | 3 | 13 | 0 | -22 | -5 | 25 | 18 | 21 | 30 |
|
| | -854.0 | -10.8 | 80.7 | 13,228.0 | -107.6 | -711.3 | 76.0 | 532.3 | -9.8 | -15.6 | 43.3 |
| 0.1 | -0.8 | -1.0 | -0.2 | 25.1 | -2.3 | -46.2 | -5.8 | 14.1 | 12.7 | 9.6 | 12.4 |
| 0.1 | -1.1 | 0.3 | 0.3 | 5.1 | -0.5 | -4.0 | -1.1 | 3.0 | 2.8 | 2.2 | 3.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| 329 | 328 | 394 | 424 | 516 | 513 | 433 | 422 | 521 | 601 | 664 | 674 |
Current Liabilities Current LiabilitiesCr | 164 | 184 | 89 | 84 | 309 | 87 | 82 | 93 | 96 | 129 | 164 | 190 |
Non Current Liabilities Non Current LiabilitiesCr | 321 | 300 | 308 | 301 | 9 | 210 | 238 | 254 | 193 | 143 | 104 | 93 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 81 | 82 | 83 | 77 | 138 | 105 | 80 | 110 | 94 | 65 | 69 | 95 |
Non Current Assets Non Current AssetsCr | 756 | 754 | 727 | 750 | 714 | 724 | 690 | 675 | 734 | 825 | 881 | 879 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 64 | 54 | 42 | 52 | 38 | 45 | -21 | 29 | 104 | 91 | 100 |
Investing Cash Flow Investing Cash FlowCr | -26 | -19 | -4 | -19 | 82 | 38 | -1 | -32 | -10 | -57 | -56 |
Financing Cash Flow Financing Cash FlowCr | -43 | -31 | -32 | -40 | -98 | -65 | 0 | 4 | -105 | -40 | -46 |
|
Free Cash Flow Free Cash FlowCr | 37 | 29 | 33 | 26 | 3 | 27 | -25 | 24 | 73 | 17 | 30 |
| 15,612.3 | -1,726.3 | -1,229.1 | -7,850.9 | 43.7 | -679.3 | 38.9 | -222.6 | 187.1 | 180.9 | 236.0 |
CFO To EBITDA CFO To EBITDA% | 107.0 | 105.6 | 86.8 | 92.8 | 73.9 | 116.8 | 65.1 | 122.0 | 92.4 | 92.6 | 90.5 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 356 | 370 | 632 | 747 | 828 | 326 | 406 | 1,131 | 1,409 | 2,069 | 2,551 |
Price To Earnings Price To Earnings | 399.0 | 0.0 | 126.4 | 122.9 | 9.0 | 0.0 | 0.0 | 0.0 | 25.9 | 41.7 | 64.9 |
Price To Sales Price To Sales | 1.0 | 1.2 | 1.9 | 2.1 | 2.4 | 1.1 | 3.5 | 5.2 | 3.6 | 5.3 | 5.8 |
Price To Book Price To Book | 1.1 | 0.9 | 1.5 | 1.7 | 1.6 | 0.6 | 0.9 | 2.6 | 2.6 | 3.4 | 3.7 |
| 10.9 | 13.3 | 18.9 | 18.4 | 14.9 | 12.6 | -19.4 | 57.3 | 14.1 | 23.0 | 24.8 |
Profitability Ratios Profitability Ratios |
| 88.3 | 88.4 | 88.9 | 88.7 | 89.3 | 89.5 | 87.0 | 90.0 | 90.1 | 89.9 | 90.0 |
| 16.4 | 13.4 | 14.6 | 15.7 | 14.8 | 13.2 | -27.6 | 10.7 | 28.5 | 24.9 | 25.0 |
| 0.1 | -0.8 | -1.0 | -0.2 | 25.1 | -2.3 | -46.2 | -5.8 | 14.1 | 12.7 | 9.6 |
| 4.6 | 2.8 | 4.1 | 4.5 | 23.8 | 2.4 | -7.6 | 0.6 | 13.3 | 10.4 | 9.3 |
| 0.1 | -0.9 | -0.8 | -0.1 | 16.3 | -1.2 | -11.9 | -2.9 | 10.3 | 8.1 | 6.2 |
| 0.1 | -0.4 | -0.4 | -0.1 | 10.2 | -0.8 | -7.0 | -1.6 | 6.7 | 5.6 | 4.5 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Oriental Hotels Limited (OHL), incorporated in 1970, is a leading hospitality company in India with a strategic focus on luxury and upscale hotels across southern India. Operating under a long-term partnership with The Indian Hotels Company Limited (IHCL), OHL manages a portfolio of seven premium properties under globally recognized IHCL brands — **Taj, Vivanta, and Gateway (IHCL SeleQtions)**. The company has become synonymous with world-class Indian hospitality, anchored by its iconic **Taj Coromandel** in Chennai, launched in 1974.
With a total room inventory of **825 rooms (including 59 suites)** and a workforce of over **1,200 permanent and contractual employees**, OHL is positioned to leverage strong domestic travel demand, infrastructure development, and rising consumer expectations in key southern Indian cities.
---
### **Geographic Presence & Portfolio**
OHL operates exclusively in **Southern India**, with properties located in:
- **Tamil Nadu**: Chennai, Coimbatore, Coonoor, Madurai
- **Kerala**: Cochin
- **Karnataka**: Mangalore
#### **Hotel Portfolio (as of Jun 2025):**
| Property | Location | Brand | Room Inventory |
|--------|---------|-------|----------------|
| Taj Coromandel | Chennai | Taj | - |
| Taj Fisherman's Cove Resort & Spa | Chennai | Taj | 149 keys (incl. 2 suites, 28 cottages, 9 villas) |
| Taj Malabar Resort & Spa | Cochin | Taj | Fully renovated, reopened in 2024 |
| Vivanta Coimbatore | Coimbatore | Vivanta | - |
| Vivanta Mangalore | Mangalore | Vivanta | - |
| Gateway Madurai | Madurai | Gateway (IHCL SeleQtions) | Rebranded in Q2 FY25 |
| Gateway Coonoor | Coonoor | Gateway (IHCL SeleQtions) | Rebranded in Q2 FY25 |
The rebranding of Gateway properties in Madurai and Coonoor aligns with IHCL’s unified brand architecture, strengthening market positioning and guest experience consistency.
---
### **Key Strategic Drivers**
#### **1. Strong Domestic Demand & Market Tailwinds**
- Robust growth in **domestic tourism**, driven by spiritual tourism, weddings, MICE (Meetings, Incentives, Conferences, Exhibitions), and nature-based leisure travel.
- Demand is outpacing new hotel supply in southern cities, creating favorable conditions for **RevPAR and ADR growth**.
- **Taj Malabar’s 2024 renovation** targets higher-value MICE and leisure segments, with upgraded guest rooms, F&B outlets, and event spaces.
#### **2. Long-Standing Partnership with IHCL**
- A strategic and operational alliance spanning **over five decades**, beginning in 1970.
- IHCL manages OHL’s properties and provides strategic direction, talent development, governance, and brand stewardship.
- Access to IHCL’s **"Tajness"** – a signature service philosophy emphasizing emotional connection, trust, and intuitive service.
- Alignment with IHCL’s **Ahvaan 2025 strategy**, aimed at margin enhancement, portfolio optimization, and operational efficiency.
#### **3. Digital Transformation & Technology Adoption**
- Implementation of AI-powered tools:
- **IRA (IHCL Response Assistant)**: AI chatbot for 24/7 bookings and guest support.
- **I-DOCS**: Omnichannel guest engagement platform.
- **I-ZEST**: Enables self-service and operational efficiency.
- **Gen AI-powered Virtual Assistant** on the myTAJ app handles ~1,500 HR queries monthly, improving internal efficiency.
- **Contactless guest experiences** driven through mobile apps and digital platforms.
#### **4. Enhanced Guest Loyalty & Digital Ecosystem**
- **Taj InnerCircle loyalty program** integrated with **Tata Neu**, the unified digital platform of the Tata Group.
- NeuPass members enjoy **cross-brand benefits** including reward redemption, priority bookings, exclusive discounts, and access to special events.
- Multichannel marketing (digital, social media, email, in-app alerts) drives engagement and repeat business.
#### **5. Expansion of Digital F&B Offerings**
- **Qmin by IHCL**: A multi-cuisine digital food delivery platform offering meals from hotel kitchens directly to homes.
- Targets consumers and corporate clients with curated menus, comfort food, and event catering solutions.
- Strengthens revenue diversification beyond traditional F&B.
---
### **Associate & Overseas Investments**
While OHL operates solely within India, it holds strategic stakes in international and associate entities:
- **Taj Madurai Ltd. (Associate)**: Owns **The Gateway Hotel Pasumalai**, a heritage property on 62 acres in Madurai; operated under long-term license.
- **Lanka Island Resorts Limited (Associate)**: Owns **Taj Bentota Resort & Spa**, Sri Lanka.
- **TAL Hotels & Resorts Ltd. (Joint Venture with IHCL)**: Holds majority stakes in:
- **Taj Samudra** (Colombo, Sri Lanka)
- **Taj Exotica Resort & Spa** and **Taj Coral Reef Resort & Spa** (Maldives)
- **OHL International (HK) Ltd.**: Wholly owned Hong Kong subsidiary managing overseas investments.
These investments provide portfolio diversification and exposure to international luxury tourism markets.
---
### **Sustainability & Corporate Responsibility**
- OHL adopts IHCL’s **Paathya ESG+ framework**, focusing on sustainability, environmental stewardship, and community impact.
- Commitments include energy efficiency, waste reduction, water conservation, and inclusive growth.
- Regular **FSSAI-compliant audits** ensure food safety across outlets.
---
### **Leadership & Governance**
- **Mr. Arvind Singh** (Appointed Apr 2025) brings **35+ years of IAS experience** in infrastructure, tourism, finance, and energy.
- Former **Secretary of Tourism, Government of India**, instrumental in post-pandemic sector revival.
- Previously served as **Chairman of Airports Authority of India**, bringing deep sectoral expertise.
His leadership is expected to strengthen strategic direction, government engagement, and policy alignment in tourism.
---
### **Operational Highlights**
- **Revenue Streams**: Balanced contribution from **room revenues** and **F&B/banquets**, with both generating approximately ₹13.2 billion annually.
- **Asset Optimization**: Past initiatives under "Aspiration 2022" included divesting non-core assets (e.g., Gateway Vizag, Vivanta Trivandrum) to reduce debt and unlock value.
- **Cultural Integration**: Properties reflect local heritage, cuisine, and design, enhancing guest immersion and differentiation.
---
### **Competitive Landscape & Outlook**
- Operates in a **highly competitive hospitality market**, where brand strength, service excellence, and location drive differentiation.
- **Taj brand ranked “World’s Strongest Hotel Brand”** (Brand Finance 2024, 2022, 2021) provides a powerful competitive edge.
- IHCL’s evolution into a **House of Brands** — including Taj, SeleQtions, Vivanta, Ginger, and Tree of Life — enables targeted positioning across luxury to lean-luxe segments.
- Limited international footprint for OHL itself, but indirect exposure via joint ventures in Sri Lanka and Maldives.