Apeejay Surrendra Park Hotels
- Market cap
- ₹ 2,023 Cr.
- P/E
- 33.6x
- P/B
- 1.6x
- 52-week range
- 93.2 – 152.6
- ROE
- 5%
- ROCE
- 9%
- Dividend yield
- 0.8%
- Debt / equity
- 0.28
- Sector
- Leisure Services
- Industry
- Hotels & Resorts
- Listed on
- NSE, BSE
About
Apeejay Surrendra Park Hotels Limited is engaged in the hospitality business of owning and operating hotels in India. Its segments include Hospitality and Others. It operates under five brands: THE Park, THE Park Collection, Zone by The Park, Zone Connect by The Park and Stop by Zone. THE Park hotels are located in Bangalore, Chennai, Goa, Hyderabad, Indore, Kolkata, Mumbai, Navi Mumbai, New Delhi, and Visakhapatnam. THE Park Collection includes THE Park Calangute Goa, THE Park Baga River Goa, THE Denmark Tavern, a heritage hotel, and THE Park Chettinad. Zone by The Park has its presence in Bengaluru, Coimbatore, Chennai ORR, Delhi, Dimapur, Gopalpur, Jaipur, Jammu, Jodhpur, Kolkata, Pathankot, and Phalodi-Jodhpur. Zone Connect is a mid-scale brand, which has hotels in Goa, Coimbatore, Port Blair, New Delhi, and Mussoorie. It also operates in the retail food and beverage industry through Flurys, a patisserie on Park Street in Kolkata. Its Stop by Zone is an economy motel brand.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Hotels & Resorts: 74 companies →Apeejay Surrendra Park Hotels against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)33.6 against a typical 25.5: pricier than most peers (1st = cheapest).49th of 74
- Sales growth+8.4% against a typical +10.3% from a year earlier.40th of 70
- Profit growth−15.4% against a typical +17.9% from a year earlier.35th of 50
- Share price, 3 months−16.2% against a typical −7.9%.54th of 67
- Size₹ 2,023.4 Cr. market value against a typical ₹ 232.8 Cr. (1st = largest).11th of 64
Latest announcements
Exchange filings and their impact on the company.
- Adds a 50-key asset-light managed hotel with negligible near-term earnings impact.
Apeejay Surrendra Park Hotels has signed a Hotel Management Agreement for a 50-key Zone Connect by The Park hotel on Beed Bypass, Chhatrapati Sambhajinagar (Aurangabad), owned by M/s S.M Squad and expected to open soon. The hotel will have rooms, Cafe C dining, banquet and meeting rooms, and Vitalia Gym & Spa to serve business and leisure travellers. As a managed, asset-light addition, it expands the company's portfolio with minimal capital investment and only a small fee-based revenue contribution over the next year.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]A+ | Positive | 29 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 29 Sep 2025 | Reaffirmed | [ICRA]A+ | — | ICRA | ₹ 250 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 26 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 4 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 11 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 8 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 26 May 2025 | Dividend | Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our intimation dated May 16, 2025, we wish to inform that the Board of Directors of the Company shall, inter-alia, consider the recommendation / declaration of dividend, if any, for the financial year 2024-25, in its meeting scheduled to be held on Monday, May 26, 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 135 | 159 | 152 | 135 | 142 | 177 | 177 | 154 | 167 | 200 | 184 | 167 |
| Expenses | 91 | 103 | 102 | 96 | 99 | 113 | 115 | 109 | 118 | 129 | 131 | 120 |
| Operating Profit | 44 | 56 | 50 | 39 | 43 | 64 | 62 | 45 | 49 | 71 | 53 | 47 |
| OPM % | 33% | 35% | 33% | 29% | 30% | 36% | 35% | 29% | 29% | 35% | 29% | 28% |
| Other Income | 7 | 5 | 3 | 3 | 15 | 1 | 3 | 2 | 1 | 1 | 0 | 5 |
| Interest | 17 | 18 | 15 | 4 | 5 | 6 | 6 | 6 | 5 | 10 | 9 | 10 |
| Depreciation | 12 | 14 | 13 | 14 | 14 | 15 | 20 | 18 | 18 | 19 | 19 | 21 |
| Profit before tax | 21 | 29 | 26 | 25 | 39 | 45 | 39 | 22 | 28 | 42 | 25 | 20 |
| Tax % | 31% | 4% | 30% | 108% | 31% | 29% | 32% | 40% | 42% | 42% | 52% | 43% |
| Net Profit | 15 | 27 | 18 | −2 | 27 | 32 | 27 | 13 | 16 | 24 | 12 | 11 |
| EPS in Rs | 0.85 | 1.57 | 0.86 | −0.09 | 1.25 | 1.51 | 1.25 | 0.63 | 0.76 | 1.13 | 0.56 | 0.54 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 32%
- 3 Years
- 11%
- TTM
- 10%
- 10 Years
- —
- 5 Years
- 25%
- 3 Years
- 11%
- TTM
- −35%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 5%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Apeejay Surrendra Park Hotels | ₹ 101.95 | ₹ 2,023 Cr. | 33.6x | 1.6x | 5% | — |
| ITC Hotels | ₹ 156.05 | ₹ 32,505 Cr. | 40.7x | 3.1x | — | 20.4% |
| EIH | ₹ 290.25 | ₹ 18,151 Cr. | 33.6x | 4x | 12.7% | 22.4% |
| Chalet Hotels | ₹ 790.00 | ₹ 17,301 Cr. | 29.2x | 5.1x | 19.1% | 23.3% |
| Leela Palaces Hotels & Resorts | ₹ 575.10 | ₹ 19,317 Cr. | 38.6x | 2.5x | — | 26.4% |
| Ventive Hospitality | ₹ 558.20 | ₹ 13,049 Cr. | 33.7x | 2.6x | 8.3% | 20.4% |
Management
- Priya Paul
- Executive Chairman of the Board
- Atul Khosla
- Chief Financial Officer, Senior Vice President - Finance
- Shalini Keshan
- Compliance Officer, Company Secretary
- Vijay Dewan
- Managing Director, Executive Director
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