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ITCHOTELS - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 3.5

Stock Code ITCHOTELS Market Cap 37,153 Cr. Current Price 178 ₹ High / Low 262 ₹
Stock P/E 43.6 Book Value 54.6 ₹ Dividend Yield 0.00 % ROCE 9.74 %
ROE 7.04 % Face Value 1.00 ₹ DMA 50 195 ₹ DMA 200 205 ₹
Chg in FII Hold -9.39 % Chg in DII Hold 0.92 % PAT Qtr 286 Cr. PAT Prev Qtr 152 Cr.
RSI 35.5 MACD -5.02 Volume 20,61,531 Avg Vol 1Wk 33,36,769
Low price 158 ₹ High price 262 ₹ Debt to equity 0.01 52w Index 19.8 %
Qtr Profit Var 25.4 % EPS 3.90 ₹ Industry PE 32.6

📊 Core Financials

  • Revenue & Profitability: PAT rose from 152 Cr. to 286 Cr. QoQ (+25.4%), showing strong earnings momentum.
  • Margins: ROE at 7.04% and ROCE at 9.74% are modest, reflecting average efficiency and shareholder returns.
  • Debt: Debt-to-equity ratio of 0.01 indicates a virtually debt-free balance sheet, ensuring financial stability.
  • Cash Flow: Dividend yield of 0.00% suggests reinvestment focus, with no direct shareholder payout.

💹 Valuation Indicators

  • P/E Ratio: 43.6 vs Industry PE of 32.6 → overvalued compared to peers.
  • P/B Ratio: Current Price (178 ₹) / Book Value (54.6 ₹) ≈ 3.26, relatively expensive.
  • PEG Ratio: Not available, limiting growth-adjusted valuation analysis.
  • Intrinsic Value: Current price below DMA 50 (195 ₹) and DMA 200 (205 ₹), suggesting technical weakness and possible undervaluation entry zone.

🏦 Business Model & Competitive Advantage

  • ITC Hotels operates in hospitality, focusing on premium and luxury segments under ITC Ltd.
  • Competitive advantage lies in brand strength, diversified hospitality portfolio, and debt-free structure.
  • Overall health is stable, but valuation multiples remain stretched relative to industry peers.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive entry between 160 ₹ – 170 ₹, near support levels.
  • Long-Term Holding: Suitable for investors seeking exposure to hospitality growth, but monitor valuation and profitability trends.

✅ Positive

  • Debt-free balance sheet (Debt-to-equity 0.01).
  • Strong PAT growth (+25.4% QoQ).
  • Brand strength in premium hospitality segment.

⚠️ Limitation

  • High P/E (43.6) compared to industry average (32.6).
  • ROE (7.04%) and ROCE (9.74%) remain modest.
  • No dividend yield, limiting shareholder reward.

📉 Company Negative News

  • FII holdings decreased significantly (-9.39%), showing reduced foreign investor confidence.
  • Stock trading below DMA 50 and DMA 200 indicates bearish technicals.

📈 Company Positive News

  • DII holdings increased (+0.92%), reflecting domestic institutional support.
  • PAT surged from 152 Cr. to 286 Cr., showing strong operational performance.

🏭 Industry

  • Industry PE at 32.6 is lower than ITC Hotels’ valuation, highlighting overpricing.
  • Hospitality sector growth driven by tourism recovery and premium demand.
  • Competition from established hotel chains remains strong.

🔎 Conclusion

  • ITC Hotels shows strong earnings growth and debt-free stability, but valuation is stretched compared to peers.
  • Entry near 160–170 ₹ offers better margin of safety.
  • Best suited for long-term investors seeking hospitality exposure, with close monitoring of profitability and institutional investor trends.

I can also prepare a comparative HTML report of ITC Hotels versus other hospitality players like Indian Hotels and EIH to highlight relative valuation and growth prospects.

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