Arthneeti

Asian Hotels (North) Q2 FY27 Share Price & Earnings Call Analysis

₹317.75-1.26% today
Market cap
₹1,323 Cr
P/E
98.51
ROE
0.37%
PEG
3.71
Price to sales
3.79
Debt to equity
0.36
52W high / low
₹406 / ₹255
Sales growth (5Y)
36.27%
EBITDA margin
12.63%
Net profit margin
0.64%
Sales (last year)
₹348 Cr

Incorporated in 1982, Asian Hotels (North) Ltd is in the business of Hospitality, Real estate and Power Generation[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Leisure Services
on management's own guidance

  1. Landmark GlobalGood growth
    2
  2. Kamat HotelsGood growth
    1
  3. Restaurant BrandGood growth
    3
See all potential multibaggersWhere does Asian Hotels (N) rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Leisure Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Kamat Hotels20–40%Up 2%+₹651 Cr13.1
2Landmark Global20–40%Up 2%+₹19 Cr—
3Restaurant Brand20–40%Up 0–2%₹6,399 Cr—
420–40%Up 0–2%₹2,046 Cr—
520–40%Flat₹29,643 Cr76.8
620–40%Flat₹22,860 Cr48.8

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Financials of Asian Hotels (N)

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Asian Hotels (N)

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +50.69%0.16%3.17%3.17%3.17%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs +0.00%5.26%5.26%5.26%5.26%5.26%5.26%5.64%5.65%2.58%2.58%2.57%
DIIs +0.13%0.13%3.74%3.74%3.72%3.70%3.70%3.70%3.70%1.69%1.97%2.09%
Public +49.18%94.45%87.82%87.83%87.84%91.04%91.04%90.67%90.64%95.73%95.45%95.33%
No. of Shareholders9,88310,25410,0099,7509,7739,8479,6089,4969,4309,2879,2509,488

Financials of Asian Hotels (N)

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +63.3174.4376.7683.5962.1378.0886.4791.5170.2976.9090.98102.9177.63
YoY Sales growth+18.45%+24.42%+10.70%+14.26%-1.86%+4.90%+12.65%+9.47%+13.13%-1.51%+5.22%+12.46%+10.44%
Expenses +49.9259.1955.5361.0148.7158.2564.9662.3155.4579.5481.4079.4264.07
Operating Profit13.3915.2421.2322.5813.4219.8321.5129.2014.84-2.649.5823.4913.56
OPM %21.15%20.48%27.66%27.01%21.60%25.40%24.88%31.91%21.11%-3.43%10.53%22.83%17.47%
Other Income +0.64-0.480.041.730.440.05116.55186.650.28-49.40-40.28-6.640.38
Interest28.4632.2844.9034.1434.0938.3128.5932.6318.5118.6121.2514.1014.12
Depreciation5.625.575.525.195.034.964.997.014.814.404.524.094.56
Profit before tax-20.05-23.09-29.15-15.02-25.26-23.39104.48176.21-8.20-75.05-56.47-1.34-4.74
Tax %0.00%0.00%0.00%1.26%0.00%122.15%13.57%1.15%65.37%-15.36%0.00%-2,488.06%-25.11%
Net Profit +-20.05-23.08-29.15-15.21-25.26-51.9690.30174.18-13.55-63.53-56.4732.00-3.54
EPS in Rs-10.31-11.86-14.98-7.82-12.99-26.7146.4289.54-6.97-32.66-29.037.51-0.83

Financials of Asian Hotels (N)

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +23324125127427425273131256298318341348
Sales growth+2%+4%+4%+9%-0%-8%-71%+80%+96%+17%+7%+7%+7%
Expenses +18917016819019119893124201226234296304
Operating Profit447183848255-2065472844544
OPM %19%30%33%31%30%22%-27%4.8%21%24%26%13%13%
Other Income +31461031815-567422304-97-96
Interest941179998113125911101181401347268
Depreciation27232120191817252322221818
Profit before tax-45-23-27-3-42-74-695-125-85-87232-142-138
Tax %6%-114%-43%-12%-22%-15%0%0%0%0%19%-28%
Net Profit +-483-16-2-33-63-695-125-85-88187-102-92
EPS in Rs-24.771.63-8.02-1.24-16.85-32.45-357.34-64.16-43.60-44.9896.26-23.98-55.01
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Asian Hotels (N)

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919191919191919191943
Reserves73373872171968762435222814355243878
Borrowings +9069459478969129209591,0681,0821,052550334
Other Liabilities +240149142176201231250241329576732438
Total Liabilities1,8991,8511,8311,8101,8191,7941,5811,5561,5731,7031,5441,692
Fixed Assets +1,2711,2131,1861,1481,1291,0961,5031,4791,4571,4341,4181,384
CWIP1031211111110
Investments559563561563567574100000
Other Assets +597282971221227576115267125309
Total Assets1,8991,8511,8311,8101,8191,7941,5811,5561,5731,7031,5441,692

Financials of Asian Hotels (N)

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +27428210410110947154372437-156
Cash from Investing Activity +34471844722-1-340-517
Cash from Financing Activity +-91-82-98-153-109-134-47-11-29-38-431268
Net Cash Flow-3072-5-1-3-1018350130
Free Cash Flow65879514410413146144273431-138
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit76%65%100%126%128%195%-181%208%83%112%524%-345%

Financials of Asian Hotels (N)

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days151616162218721723211923
Inventory Days579211011710610318713893
Days Payable3283984784775888183,000518489
Cash Conversion Cycle-256-290-352-344-460-697-2,741172321-361-374
Working Capital Days-514-327-217-218-254-367-1,604-1,148-809-933-1,099-365
ROCE %1%3%4%4%4%3%-2%-1%3%4%7%3%
29out of 100

Momentum score · price trend

29 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,935 stocks
Last 12 months+0.3%54%
Last 6 months+6.1%56%
Last 3 months+6.8%73%

The price is 55.6% below its all-time high of ₹715.42 (9 Feb 2007). Stocks more than 20% below their peak have their score halved, so 59 became 29.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,935 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Asian Hotels (N): 0.4 × 54 + 0.4 × 56 + 0.2 × 73 = 59, halved to 29 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 12 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Asian Hotels (N)'s management said in earlier quarters

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