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The Indian Hotels Company Limited

INDHOTELNSE
Market snapshot · 2026-08-11 12:25 UTC

724.00

₹-4.70 (-0.64%)

MARKET CAP

₹1.03L Cr

STOCK P/E

48.0x

52W HIGH

₹811.95

52W LOW

₹565.00

BOOK VALUE

₹91.70

EPS

₹15.08

ROE

SECTOR

Consumer Discretionary

DEBT/EQUITY

18.99

VOLUME

6.64L

P/B RATIO

7.90x

PEG RATIO

2.32

Sector

Consumer Discretionary

Themes

Hotels, Resorts & Cruise LinesTata GroupRakesh Jhunjhunwala PortfolioTata Sons Portfolio
D
Dividend
E
Earnings
₹785.35₹734.06₹682.76₹631.46₹580.17VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

The Indian Hotels Company is a hospitality company operating hotels, resorts, restaurants, and catering businesses. Hotel Services drives core revenue through Taj, Vivanta, Ginger, SeleQtions, and other brands across India and international markets. Air and Institutional Catering adds Tajsats, while Qmin, spas, bars, and boutique services support ancillary spending. Revenue grew 15.7% year-on-year, but no major recent development provides a clear incremental catalyst for margins or growth. Profit growth lagged revenue growth at 9.3%, while margins remained stable; ROE data is unavailable. Debt/equity of 18.99 indicates substantial leverage, which can magnify ROE but also raises balance-sheet sensitivity. At 48.5 times earnings, the stock appears rich relative to its 9.3% profit growth. The valuation leaves limited room for execution misses, with future earnings conversion and leverage management remaining key investor questions.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for INDHOTEL.

29.00 analysts

Price Forecast

Current
₹724.00
High Target
₹960.00
▲ +32.6%
Median Target
₹840.00
▲ +16.0%
Low Target
₹699.00
▼ -3.5%
Now₹724.00High ₹960.00Median ₹840.00Low ₹699.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
29 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹624.68 - ₹859.1480%
6M₹591.72 - ₹928.6580%
12M₹551.85 - ₹1,04480%
Realized vol: +24.9% · Drift: +7.8%

Revenue Forecast

₹ Cr
Jun '26Current₹1,232.0
Sep 2026 ETrend estimate range
High₹1,297.2Base₹1,201.1Low₹1,105.0
Sep '25: ₹1,060.0 · Dec '25: ₹1,614.0 · Mar '26: ₹1,661.0 · Jun '26: ₹1,232.0 · Sep '26: ₹1,201.1 · Dec '26: ₹1,828.8
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1,060.01,614.01,661.01,232.01,201.11,828.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹2.37
Sep 2026 ETrend estimate range
High₹3.41Base₹3.05Low₹2.68
Sep '25: ₹2.03 · Dec '25: ₹6.47 · Mar '26: ₹3.92 · Jun '26: ₹2.37 · Sep '26: ₹3.05 · Dec '26: ₹9.71
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2.036.473.922.373.059.71
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
69%
Analyst Consensus
Weakening

From 29 analysts

Mean upside+14.7%

Fundamentals

Strong

Fundamentals institutional score is 92 using growth durability 92.3.

Valuation

Premium valuation

Valuation institutional score is 36 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 70 using mean target upside 14.7%; dispersion penalty 12.6; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 84 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while valuation and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus PositiveTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price830.3 target
Mean Upside+14.7%
Technical Score84%
Fundamental Score92%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 6.2% above historical median. Valuation is declining — currently in the overvalued zone (z-score: +0.59). Confidence: 81%.

Live forward EPS implies next-12-month EPS of ₹18.69. Applying the stock's normalized valuation corridor produces a fair range of ₹721.25 to ₹915.62, with base value near ₹844.79 (+16.7% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹18.69

Forward P/E

38.7x

Base Fair Value

₹844.79

Fair Range

₹721.25 - ₹915.62

Upside To Base

+16.7%

Estimate Source

Live forward EPS

Growth Estimate

+20.7%

P/E
Overvalued

5Y Average

33.60

Current

48.01

Overvalued

48.99

Undervalued

38.59

EV/EBITDA
Strongly Overvalued

5Y Average

21.16

Current

30.24

Overvalued

29.85

Undervalued

13.23

P/S
Strongly Overvalued

5Y Average

7.01

Current

10.02

Overvalued

9.89

Undervalued

4.38

Peers & Comparison

Sector: Consumer Discretionary · Theme: Hotels, Resorts & Cruise Lines

Hotels, Resorts & Cruise Lines Peers3 peers
Avg P/E: 68.8x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
ITC HOTELS LIMITED
ITCHOTELSHotels, Resorts & Cruise Lines
+14.8%20.3%
41.0x
Undervalued
-40% vs avg
-25.9%
TRENT LTD
TRENTRetail - Apparel
+17.8%8.6%
88.5x
Premium
+29% vs avg
-43.6%
TITAN COMPANY LIMITED
TITANPrecious Metals, Jewellery & Watches
+29.3%6.2%
76.9x
Fair
+12% vs avg
+46.0%
WHY THESE PEERS

THE INDIAN HOTELS CO. LTD trades at a discount (48.1x vs peer avg 68.8x), suggesting potential undervaluation relative to the Hotels, Resorts & Cruise Lines cohort. Peers include ITC HOTELS LIMITED, TRENT LTD, TITAN COMPANY LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.23K CrJun 2026

Latest net profit

₹337 CrJun 2026

Latest EPS

₹2.37Jun 2026

Net margin

39.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%15.0%30.0%45.0%60.0%0.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr350 Cr700 Cr1.05K Cr1.40K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr4.00K Cr8.00K Cr12.00K Cr16.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +8908931,2811,3429311,0351,4741,4761,0451,0601,6141,6611,232
Expenses +596619722756604691792798682690856868755
Operating Profit294274558586327345682678363370757792477
OPM %33%31%44%44%35%33%46%46%35%35%47%48%39%
Other Income +452543240874342551054744966
Interest30312826252525242525252525
Depreciation54555960606266686767697570
Profit before tax2542125155022823446336283263841,137741448
Tax %26%26%26%26%26%26%26%23%25%25%19%25%25%
Net Profit +188157380369209254469481245289921558337
EPS in Rs1.331.112.672.591.471.793.293.381.722.036.473.922.37
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +38.12%38.12%38.12%38.12%38.12%
FIIs +27.18%26.14%25.09%23.23%21.71%
DIIs +18.39%19.40%20.66%22.58%24.47%
Government +0.13%0.13%0.13%0.13%0.13%
Public +16.18%16.20%16.00%15.95%15.59%
Others0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Jul 29, 2026PDFCompany Reports Open

Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015- ESG Rating

Jul 28, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Jul 27, 2026PDFCompany Reports Open