EIH Associated Hotels Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,720 Cr
- P/E
- 19.19
- ROE
- 15.81%
- PEG
- 1.66
- Price to sales
- 4.52
- Debt to equity
- 0.01
- 52W high / low
- ₹384 / ₹270
- Sales growth (5Y)
- 30.50%
- EBITDA margin
- 30.71%
- Net profit margin
- 23.46%
- Promoter holding
- 75.00%
- Sales (last year)
- ₹381 Cr
EIH Associated Hotels Ltd is primarily engaged in owning premium luxury hotels under the luxury 'Oberoi' and five-star 'Trident' brands.[1]
Guidance scorecard · Q1 FY27 call
What EIH Associated Hotels Ltd's management guided
and where it ranks in Leisure Services
Leisure Services
RevenueQ4 FY25 call
10–20%- Revenue growth driven by increasing room rates and occupancy, with strong demand expected to continue.
- Pipeline of 21 new hotels (1,500 keys) coming online in the next 2-3 years, including 12 domestic and 9 international properties, supporting volume growth.
- Focus on India and the Indian subcontinent for expansion, with international growth in select markets like Middle East, Marrakesh, and Mauritius.
- Expectation to meet or exceed pre-COVID foreign tourist business levels in FY25.
- Flight catering business is growing, aiming to compensate for loss of airport lounge business with increased airline catering demand.
2 more points from EIH Associated Hotels Ltd's call on revenue
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MarginsQ4 FY25 call
FlatSee what EIH Associated Hotels Ltd said on margins — free account, 30 seconds.
CapexQ4 FY25 call
Planned- Current capex includes investments in Oberoi London, Rajgarh property (upcoming), renovation at Trident Nariman Point (four floors), long stay apartments at Oberoi Mumbai, Oberoi Goa, and Oberoi Grand. (p.16)
- Total capex for the year mentioned is ₹480 crore (consolidated) and ₹270 crore (standalone). (p.16)
- Additional minor capex expected towards the end of the year in London subsidiary, but no sizable amount. (p.9)
- Future expansion: 21 properties with approximately 1,500 keys to be added over 2-3 years; 12 domestic hotels and 9 international. Total keys to increase from 4,200 to around 5,700. (p.6)
2 more points from EIH Associated Hotels Ltd's call on capex
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FundraisingQ4 FY25 call
See what EIH Associated Hotels Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY25 call
Rising- EIH Ltd has a healthy growth pipeline with 21 properties under development.
- These properties will add roughly 1,500 keys over the next 2-3 years.
- Out of the 21 properties, 12 are domestic hotels in India and 9 are international.
- The total current footprint stands at about 3,700 keys in India and 500 keys internationally (approx. 4,200 keys total).
- Most owned hotel portfolio additions are expected to come online in FY28 and FY29.
2 more points from EIH Associated Hotels Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
- Jubilant Foodworks LtdGood growth2
- Landmark Global Learning LtdGood growth1
- Le Travenues Technology LtdGood growth3
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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
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Landmark Global Learning Ltd | 20–40% | Up 2%+ | ₹21 Cr | — |
| 2 | Jubilant Foodworks Ltd | 20–40% | Flat | ₹27,579 Cr | 72.4 |
| 3 | Le Travenues Technology Ltd | 20–40% | Flat | ₹6,423 Cr | 54.1 |
| 4 | 20–40% | Flat | ₹6,285 Cr | 2553.3 | |
| 5 | 20–40% | Flat | ₹4,827 Cr | 20.4 | |
| 6 | 20–40% | Flat | ₹2,741 Cr | 215.1 |
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Pro shows every company guiding 40%+ revenue growth →Full Leisure Services rankingFinancials of EIH Associated Hotels Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of EIH Associated Hotels Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 108 | 67 | 59 | 127 | 132 | 64 | 71 | 133 | 140 | 69 | 58 | 129 | 127 |
| Expenses + | 76 | 56 | 58 | 74 | 82 | 60 | 64 | 79 | 79 | 60 | 56 | 72 | 78 |
| Operating Profit | 32 | 10 | 0 | 52 | 50 | 5 | 7 | 54 | 61 | 9 | 3 | 58 | 50 |
| OPM % | 30% | 16% | 1% | 41% | 38% | 7% | 10% | 40% | 43% | 13% | 5% | 44% | 39% |
| Other Income + | 3 | 3 | 3 | 3 | 4 | 4 | 0 | 4 | 6 | 4 | 5 | 1 | 5 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 31 | 10 | -1 | 51 | 49 | 5 | 3 | 54 | 62 | 8 | 4 | 55 | 50 |
| Tax % | 15% | 25% | -24% | 25% | 26% | 26% | 25% | 25% | 26% | 25% | 24% | 26% | 25% |
| Net Profit + | 26 | 7 | -1 | 38 | 37 | 4 | 2 | 40 | 46 | 6 | 3 | 41 | 38 |
| EPS in Rs | 4.30 | 1.19 | -0.15 | 6.22 | 6.04 | 0.59 | 0.34 | 6.55 | 7.59 | 1.01 | 0.45 | 6.66 | 6.18 |
Financials of EIH Associated Hotels Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 229 | 245 | 264 | 264 | 264 | 249 | 101 | 195 | 337 | 385 | 408 | 384 |
| Expenses + | 163 | 172 | 190 | 195 | 199 | 196 | 119 | 163 | 242 | 271 | 280 | 265 |
| Operating Profit | 66 | 74 | 74 | 68 | 65 | 53 | -18 | 33 | 95 | 113 | 128 | 119 |
| OPM % | 29% | 30% | 28% | 26% | 25% | 21% | -17% | 17% | 28% | 29% | 31% | 31% |
| Other Income + | 1 | 2 | 8 | 5 | 8 | 6 | -2 | 2 | 7 | 13 | 13 | 16 |
| Interest | 9 | 5 | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 19 | 16 | 14 | 14 | 14 | 16 | 17 | 16 | 17 | 17 | 17 | 17 |
| Profit before tax | 40 | 55 | 65 | 59 | 58 | 43 | -37 | 18 | 85 | 109 | 123 | 117 |
| Tax % | 38% | 29% | 34% | 36% | 35% | 12% | -28% | 30% | 24% | 25% | 26% | 26% |
| Net Profit + | 25 | 39 | 43 | 38 | 38 | 38 | -27 | 13 | 65 | 81 | 92 | 87 |
| EPS in Rs | 4.06 | 6.39 | 7.02 | 6.21 | 6.23 | 6.23 | -4.39 | 2.11 | 10.61 | 13.31 | 15.07 | 14.31 |
| Dividend Payout % | 37% | 31% | 32% | 36% | 36% | 0% | 0% | 0% | 24% | 23% | 23% | 0% |
Financials of EIH Associated Hotels Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 61 | 61 |
| Reserves | 186 | 212 | 251 | 272 | 293 | 315 | 288 | 302 | 366 | 432 | 476 | 541 |
| Borrowings + | 63 | 35 | 1 | 2 | 1 | 3 | 2 | 2 | 5 | 4 | 4 | 4 |
| Other Liabilities + | 118 | 50 | 63 | 72 | 86 | 99 | 68 | 78 | 103 | 97 | 110 | 118 |
| Total Liabilities | 397 | 328 | 345 | 376 | 411 | 447 | 389 | 412 | 504 | 563 | 651 | 724 |
| Fixed Assets + | 263 | 256 | 248 | 243 | 252 | 283 | 279 | 278 | 276 | 302 | 289 | 296 |
| CWIP | 1 | 1 | 3 | 3 | 4 | 5 | 6 | 5 | 12 | 8 | 17 | 47 |
| Investments | 1 | 1 | 19 | 40 | 45 | 51 | 51 | 74 | 140 | 153 | 200 | 195 |
| Other Assets + | 132 | 70 | 75 | 90 | 110 | 108 | 54 | 55 | 77 | 100 | 145 | 186 |
| Total Assets | 397 | 328 | 345 | 376 | 411 | 447 | 389 | 412 | 504 | 563 | 651 | 724 |
Financials of EIH Associated Hotels Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 53 | 66 | 73 | 57 | 60 | 57 | -12 | 38 | 91 | 78 | 109 | 100 |
| Cash from Investing Activity + | -24 | -15 | -26 | -46 | -42 | -34 | 9 | -37 | -89 | -64 | -89 | -80 |
| Cash from Financing Activity + | -29 | -55 | -40 | -16 | -17 | -18 | -1 | -1 | -2 | -17 | -19 | -22 |
| Net Cash Flow | 0 | -4 | 7 | -5 | 1 | 5 | -4 | 1 | 1 | -3 | 1 | -1 |
| Free Cash Flow | 28 | 51 | 64 | 46 | 36 | 21 | -34 | 23 | 72 | 41 | 81 | 44 |
| CFO/OP | 96% | 105% | 110% | 102% | 109% | 125% | 70% | 120% | 112% | 92% | 108% | 109% |
Financials of EIH Associated Hotels Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 41 | 37 | 32 | 40 | 44 | 36 | 26 | 14 | 17 | 21 | 24 | 15 |
| Inventory Days | 202 | 208 | 188 | 184 | 175 | |||||||
| Days Payable | 516 | 470 | 480 | 671 | 630 | |||||||
| Cash Conversion Cycle | -274 | -225 | -260 | 40 | -444 | 36 | 26 | 14 | 17 | 21 | 24 | -440 |
| Working Capital Days | -1 | -37 | 5 | 9 | 3 | -21 | -49 | -29 | -27 | -15 | -17 | 156 |
| ROCE % | 18% | 22% | 24% | 20% | 19% | 14% | -9% | 6% | 23% | 25% | 26% | 21% |
Momentum score · price trend
16 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −26.6% | 28% |
| Last 6 months | −12.8% | 32% |
| Last 3 months | −10.0% | 40% |
The price is 39.7% below its all-time high of ₹468.45 (5 Jul 2024). Stocks more than 20% below their peak have their score halved, so 32 became 16.
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 (1,910 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 EIH Associated Hotels Ltd: 0.4 × 28 + 0.4 × 32 + 0.2 × 40 = 32, halved to 16 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 29 Oct 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 EIH Associated Hotels Ltd's management said in earlier quarters
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