Kamat Hotels (India) Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹662 Cr
- P/E
- 15.82
- ROE
- 11.59%
- PEG
- -0.67
- Price to sales
- 1.68
- Debt to equity
- 0.74
- 52W high / low
- ₹305 / ₹143
- Sales growth (5Y)
- 42.34%
- EBITDA margin
- 26.27%
- Net profit margin
- 10.02%
- Promoter holding
- 57.78%
- Sales (last year)
- ₹394 Cr
Kamat Hotels India Ltd is one of the companies of the Kamats Group. KHIL is engaged in the Hospitality business and other related services like hotel consultancy, setup, etc… [1]
Guidance scorecard · Q1 FY27 call
What Kamat Hotels (India) Ltd's management guided
and where it ranks in Leisure Services
Leisure Services
RevenueQ1 FY27 call
10–20%- The company anticipates strong growth drivers and tailwinds in the coming years, particularly driven by increasing domestic travel and business travel.
- Expected to show quarter-on-quarter growth in revenue supported by favorable demand-supply dynamics in new markets.
- Planning to add around 400 keys in the next 12-15 months in cities like Gwalior, Dehradun, Dwarka, Nashik, Rishikesh, and Mandvi Kutch.
- Growth is expected from both Tier-1 cities with natural entry barriers and Tier-2 and Tier-3 cities where demand is rising due to industrial and tourism development.
- Focus on expanding in new cities without cannibalizing existing business, ensuring ARR (average room rent) stability.
2 more points from Kamat Hotels (India) Ltd's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Kamat Hotels (India) Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Most properties are leased, so CAPEX is minimal primarily for renovations/refurbishments, especially for Mumbai and Pune hotels.
- Renovation and refurbishment plans are being finalized; guidance expected next quarter.
- No current brownfield or land parcel projects on the book, but if acquired, related CAPEX will occur.
- Near future CAPEX mainly normal repair and maintenance over the next two years.
- New hotel projects planned adding around 400 keys in the next 12-15 months in cities like Gwalior, Dehradun, Dwarka, Nashik, Rishikesh, and Mandvi Kutch.
- New hotels will require case-by-case CAPEX depending on upgradation needs.
2 more points from Kamat Hotels (India) Ltd's call on capex
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FundraisingQ1 FY27 call
See what Kamat Hotels (India) Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Kamat Hotels is looking at around 400 keys addition in the next 12 to 15 months.
- Upcoming hotel projects are in Gwalior, Dehradun, Dwarka, Nashik, Rishikesh, and Mandvi Kutch.
- Dwarka and Gwalior hotels are expected to open around October-November to November-December 2026.
- Dehradun hotel opening has been delayed but is expected soon; Mandvi and Rishikesh are progressing well.
2 more points from Kamat Hotels (India) 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 Kamat Hotels (India) Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kamat Hotels (India) 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 + | 80 | 70 | 64 | 86 | 85 | 74 | 85 | 105 | 92 | 83 | 75 | 118 | 110 |
| Expenses + | 53 | 47 | 45 | 60 | 61 | 61 | 63 | 61 | 68 | 65 | 67 | 79 | 78 |
| Operating Profit | 27 | 23 | 19 | 26 | 23 | 13 | 22 | 44 | 25 | 18 | 8 | 39 | 32 |
| OPM % | 34% | 33% | 29% | 30% | 27% | 18% | 26% | 42% | 27% | 22% | 10% | 33% | 29% |
| Other Income + | 232 | -0 | 2 | 35 | 5 | 5 | 2 | 2 | 2 | 2 | 4 | -2 | 10 |
| Interest | -10 | 16 | 16 | 13 | 15 | 11 | 8 | 6 | 5 | 6 | 6 | 7 | 10 |
| Depreciation | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 7 | 7 | 8 |
| Profit before tax | 265 | 3 | 0 | 43 | 8 | 2 | 12 | 36 | 16 | 8 | -1 | 23 | 24 |
| Tax % | -2% | 57% | 92% | 2% | 74% | 45% | 29% | 26% | 32% | 46% | 311% | 17% | 27% |
| Net Profit + | 271 | 1 | 0 | 42 | 2 | 1 | 8 | 26 | 11 | 4 | -2 | 19 | 17 |
| EPS in Rs | 109.99 | 0.45 | 0.01 | 16.86 | 0.82 | 0.40 | 2.83 | 8.88 | 3.73 | 1.23 | -1.00 | 5.87 | 5.56 |
Financials of Kamat Hotels (India) 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 + | 162 | 182 | 183 | 201 | 236 | 222 | 66 | 144 | 295 | 304 | 357 | 386 |
| Expenses + | 130 | 142 | 130 | 147 | 164 | 158 | 58 | 108 | 186 | 213 | 252 | 289 |
| Operating Profit | 33 | 40 | 53 | 54 | 72 | 64 | 8 | 36 | 109 | 91 | 105 | 97 |
| OPM % | 20% | 22% | 29% | 27% | 31% | 29% | 12% | 25% | 37% | 30% | 29% | 25% |
| Other Income + | 5 | 19 | 40 | -195 | -4 | 16 | 5 | 1 | 245 | 41 | 10 | 14 |
| Interest | 81 | 41 | 28 | 16 | 22 | 37 | 42 | 50 | 22 | 61 | 30 | 29 |
| Depreciation | 31 | 25 | 24 | 23 | 18 | 18 | 18 | 17 | 15 | 18 | 20 | 28 |
| Profit before tax | -74 | -7 | 41 | -180 | 28 | 24 | -46 | -30 | 316 | 54 | 65 | 54 |
| Tax % | -11% | 483% | -1% | 7% | 39% | -2% | -21% | -25% | 1% | 17% | 29% | 29% |
| Net Profit + | -65 | -39 | 42 | -192 | 17 | 25 | -36 | -23 | 313 | 45 | 47 | 39 |
| EPS in Rs | -27.66 | -16.71 | 17.62 | -81.50 | 7.16 | 10.50 | -15.39 | -9.61 | 126.91 | 17.31 | 15.80 | 14.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Kamat Hotels (India) 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 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 25 | 26 | 30 | 30 |
| Reserves | 32 | -8 | 4 | -189 | -172 | -147 | -183 | -205 | 129 | 179 | 248 | 286 |
| Borrowings + | 669 | 664 | 621 | 547 | 495 | 458 | 470 | 460 | 346 | 265 | 204 | 233 |
| Other Liabilities + | 129 | 175 | 144 | 120 | 137 | 151 | 154 | 188 | 109 | 144 | 107 | 131 |
| Total Liabilities | 855 | 855 | 793 | 503 | 484 | 486 | 465 | 467 | 609 | 615 | 589 | 680 |
| Fixed Assets + | 708 | 685 | 622 | 386 | 375 | 373 | 356 | 348 | 363 | 394 | 402 | 479 |
| CWIP | 0 | 0 | 1 | 0 | 0 | 5 | 6 | 1 | 2 | 4 | 8 | 5 |
| Investments | 0 | 0 | 4 | 4 | 5 | 1 | 1 | 0 | 3 | 4 | 4 | 0 |
| Other Assets + | 146 | 170 | 166 | 112 | 104 | 106 | 102 | 117 | 241 | 214 | 175 | 197 |
| Total Assets | 855 | 855 | 793 | 503 | 484 | 486 | 465 | 467 | 609 | 615 | 589 | 680 |
Financials of Kamat Hotels (India) 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 + | 29 | 59 | 30 | 115 | 79 | 74 | 1 | 31 | 116 | 72 | 66 | 98 |
| Cash from Investing Activity + | 5 | -3 | 3 | -0 | -7 | -8 | -4 | -5 | -41 | 146 | 34 | -45 |
| Cash from Financing Activity + | -33 | -57 | -30 | -117 | -74 | -58 | 5 | -17 | -89 | -219 | -96 | -48 |
| Net Cash Flow | 0 | -1 | 4 | -3 | -2 | 8 | 2 | 9 | -13 | -2 | 5 | 5 |
| Free Cash Flow | 32 | 62 | 28 | 111 | 71 | 65 | -6 | 25 | 110 | 181 | 49 | 70 |
| CFO/OP | 88% | 153% | 56% | 215% | 112% | 117% | -14% | 87% | 110% | 86% | 61% | 111% |
Financials of Kamat Hotels (India) 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 | 28 | 22 | 17 | 31 | 20 | 17 | 31 | 25 | 11 | 10 | 9 | 14 |
| Inventory Days | 111 | 111 | 117 | 62 | 54 | 56 | 102 | 53 | 55 | 59 | 55 | 51 |
| Days Payable | 446 | 715 | 347 | 363 | 331 | 490 | 1,261 | 532 | 343 | 433 | 183 | 157 |
| Cash Conversion Cycle | -307 | -582 | -213 | -271 | -257 | -417 | -1,128 | -453 | -277 | -364 | -119 | -91 |
| Working Capital Days | -1,177 | -876 | -679 | -798 | -484 | -539 | -2,787 | -1,405 | -257 | -87 | -38 | -40 |
| ROCE % | 1% | 3% | 6% | 7% | 15% | 14% | -3% | 7% | 26% | 18% | 20% | 16% |
Guidance history
How Kamat Hotels (India) Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | — | — |
| Q4 FY26 call → | 0–10% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 0–10% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
32 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 | −24.0% | 31% |
| Last 6 months | +35.5% | 83% |
| Last 3 months | +33.6% | 93% |
The price is 36.4% below its all-time high of ₹357.85 (20 Jan 2024). Stocks more than 20% below their peak have their score halved, so 64 became 32.
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 Kamat Hotels (India) Ltd: 0.4 × 31 + 0.4 × 83 + 0.2 × 93 = 64, halved to 32 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 28 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 Kamat Hotels (India) Ltd's management said in earlier quarters
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