Indian Hotels Company
- Market cap
- ₹ 1,11,597 Cr.
- P/E
- 57x
- P/B
- 8.53x
- 52-week range
- 565 – 816.35
- ROE
- 14%
- ROCE
- 17%
- Dividend yield
- 0.4%
- Debt / equity
- 0.22
- Sector
- Leisure Services
- Industry
- Hotels & Resorts
- Listed on
- NSE, BSE
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Hotels & Resorts: 74 companies →Indian Hotels Company 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)57 against a typical 25.5: pricier than most peers (1st = cheapest).59th of 74
- Sales growth+21.7% against a typical +10.3% from a year earlier.19th of 70
- Profit growth+19.5% against a typical +17.9% from a year earlier.23rd of 50
- Share price, 3 months+8.1% against a typical −6.8%.8th of 68
- Size₹ 1,11,597.1 Cr. market value against a typical ₹ 232.8 Cr. (1st = largest).1st of 64
Latest announcements
Exchange filings and their impact on the company.
- 28 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice −0.9% that dayIHCL raised FY27 revenue growth guidance to 15-17% after 22% Q2 growth and record 18th quarter.
IHCL filed the transcript of its October 21 earnings call for Q2 FY27, reporting consolidated revenue of Rs 2,484 crore up 22% and EBITDA of Rs 706 crore up 24% with 28.4% margin. Management raised FY27 consolidated revenue growth guidance from 12-14% to 15-17%, with hotel segment at 17-19%, and said the OHL merger upside of 6-7% will come on top in FY28. With 47 signings and 20 openings in H1 to 670 hotels and gross cash over Rs 4,350 crore, it targets 50 openings this year and sustained margins.
- Strong Q2 with 22% revenue and profit growth keeps IHCL on an 18% growth track.
Indian Hotels reported strong Q2 FY27 results on October 21, 2026, with consolidated revenue up 21.7% to Rs 2,484 crore and owners profit up to Rs 350 crore. First-half revenue grew 18.2% to Rs 4,824 crore with profit of Rs 707 crore. The growth with stable margins and continued capex including the Brij Hospitality acquisition supports higher earnings over the next year.
- IHCL signed 47 hotels and opened 20 in H1 FY27 to reach 670 hotels, staying ahead of its 700-hotel 2030 target.
IHCL said it signed 47 hotels and opened 20 hotels in H1 FY2027, taking its total portfolio to 670 hotels with 390 operating and 280 in pipeline. Signings spanned luxury Taj, Brij and Atmantan to 19 Ginger and Tree of Life hotels in mid-scale, with openings in Mumbai, Goa, Ayodhya, Frankfurt and Kruger. The company said it is on track to reach its 700-hotel Accelerate 2030 target ahead of time through a mix of capital-light and owned hotels.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AAA / CARE A1+ | Stable | 9 Oct 2026 |
| ICRA | [ICRA]AAA | Stable | 20 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Oct 2026 | ▲ Upgrade1 notch | CARE AA+ / CARE A1+ → CARE AAA / CARE A1+ | Low | CARE | ₹ 393 Cr. | |
| 20 Feb 2026 | ▲ Upgrade | [ICRA]AAA | — | ICRA | ₹ 30 Cr. | |
| 1 Dec 2025 | Reaffirmed | CARE AA+ / CARE A1+ | — | CARE | ₹ 393 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 21 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 21 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 11 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 17 Jul 2025 | Financial Results | THE INDIAN HOTELS COMPANY LIMITED has informed the Exchange about Board Meeting to be held on 17-Jul-2025 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended June 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,964 | 1,905 | 1,550 | 1,826 | 2,533 | 2,425 | 2,041 | 2,041 | 2,842 | 2,765 | 2,339 | 2,484 |
| Expenses | 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 | 732 | 660 | 450 | 501 | 962 | 857 | 576 | 570 | 1,076 | 973 | 673 | 706 |
| OPM % | 37% | 35% | 29% | 27% | 38% | 35% | 28% | 28% | 38% | 35% | 29% | 28% |
| Other Income | 40 | 46 | 46 | 371 | 59 | 59 | 61 | 83 | 334 | 79 | 80 | 78 |
| Interest | 53 | 52 | 50 | 52 | 52 | 54 | 55 | 56 | 56 | 55 | 57 | 65 |
| Depreciation | 114 | 120 | 117 | 125 | 134 | 142 | 143 | 145 | 150 | 167 | 163 | 174 |
| Profit before tax | 605 | 535 | 328 | 696 | 834 | 720 | 440 | 453 | 1,203 | 830 | 533 | 545 |
| Tax % | 28% | 26% | 29% | 18% | 26% | 25% | 27% | 30% | 22% | 25% | 27% | 30% |
| Net Profit | 477 | 438 | 260 | 583 | 633 | 563 | 329 | 318 | 954 | 645 | 391 | 380 |
| EPS in Rs | 3.18 | 2.93 | 1.75 | 3.9 | 4.09 | 3.67 | 2.08 | 2 | 6.35 | 4.21 | 2.51 | 2.46 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 44%
- 3 Years
- 19%
- TTM
- 15%
- 10 Years
- 25%
- 5 Years
- 32%
- 3 Years
- 22%
- TTM
- 19%
- 10 Years
- 22%
- 5 Years
- 31%
- 3 Years
- 28%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 12%
- 3 Years
- 14%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Prices are delayed and for information only. Nothing on this page is investment advice.