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INDHOTEL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.9

Stock Code INDHOTEL Market Cap 91,088 Cr. Current Price 639 ₹ High / Low 859 ₹
Stock P/E 57.1 Book Value 80.5 ₹ Dividend Yield 0.35 % ROCE 16.6 %
ROE 13.1 % Face Value 1.00 ₹ DMA 50 667 ₹ DMA 200 712 ₹
Chg in FII Hold -1.05 % Chg in DII Hold 1.26 % PAT Qtr 570 Cr. PAT Prev Qtr 289 Cr.
RSI 44.6 MACD -16.6 Volume 24,48,961 Avg Vol 1Wk 32,17,340
Low price 595 ₹ High price 859 ₹ PEG Ratio 0.17 Debt to equity 0.10
52w Index 16.7 % Qtr Profit Var 21.6 % EPS 13.6 ₹ Industry PE 28.4

📊 Financial Overview

  • Revenue & Profitability: PAT rose from ₹289 Cr. to ₹570 Cr. (QoQ), showing strong earnings growth.
  • Margins: ROE at 13.1% and ROCE at 16.6% are decent, reflecting moderate profitability and efficiency.
  • Debt: Debt-to-equity ratio of 0.10 indicates very low leverage, a positive for financial stability.
  • Cash Flow: EPS of ₹13.6 is modest relative to price, limiting earnings strength.

💹 Valuation Metrics

  • P/E Ratio: 57.1 vs Industry PE of 28.4 → significantly overvalued compared to peers.
  • P/B Ratio: Price ₹639 vs Book Value ₹80.5 → trading at a steep premium.
  • PEG Ratio: 0.17 → suggests strong growth potential relative to valuation.
  • Intrinsic Value: Fundamentals are solid, but current valuation is stretched; growth must sustain to justify multiples.

🏢 Business Model & Competitive Advantage

  • Indian Hotels Company Limited (IHCL) operates luxury and premium hotels under the Taj brand.
  • Competitive advantage lies in brand strength, heritage, and diversified hospitality offerings across India and globally.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: ₹600–640 range looks safer given overvaluation and technical weakness.
  • Long-Term Holding: Suitable for investors seeking exposure to hospitality growth. Strong brand and low debt support long-term resilience.

✅ Positive

  • Strong quarterly PAT growth (₹570 Cr. vs ₹289 Cr.).
  • Low debt-to-equity ratio (0.10).
  • PEG ratio (0.17) indicates attractive growth potential.
  • DII holdings increased (+1.26%), showing domestic institutional support.

⚠️ Limitation

  • High P/E ratio (57.1) compared to industry average.
  • EPS of ₹13.6 is modest relative to price.
  • Stock trading below DMA 50 & DMA 200, indicating bearish technical trend.

📉 Company Negative News

  • FII holdings decreased (-1.05%), showing reduced foreign investor confidence.
  • Stock corrected from high of ₹859 to current ₹639.

📈 Company Positive News

  • Quarterly PAT growth of 21.6% shows strong momentum.
  • DII inflows reflect rising domestic confidence.

🏦 Industry

  • Industry PE at 28.4 highlights sector trades at lower multiples than Indian Hotels.
  • Hospitality sector growth supported by tourism recovery, premium hotel demand, and rising disposable incomes.

🔎 Conclusion

  • Indian Hotels is fundamentally strong with low debt and solid profitability but trades at a premium valuation.
  • Entry around ₹600–640 is favorable for long-term investors.
  • Strong long-term holding potential given brand strength and hospitality sector growth, but monitor valuation risks and institutional flows.

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