Viceroy Hotels Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,106 Cr
- P/E
- 48.55
- ROE
- 7.17%
- PEG
- 0.09
- Price to sales
- 6.79
- Debt to equity
- 0.99
- 52W high / low
- ₹156 / ₹115
- Sales growth (5Y)
- 32.81%
- EBITDA margin
- 28.14%
- Net profit margin
- 12.79%
- Promoter holding
- 74.03%
- Sales (last year)
- ₹163 Cr
Incorporated in 2005, Viceroy Hotels Ltd is in the business of Hoteliering[1]
Guidance scorecard · Q1 FY27 call
What Viceroy Hotels Ltd's management guided
and where it ranks in Leisure Services
Leisure Services
RevenueQ1 FY27 call
10–20%- The company expects a strong revenue jump from renovated assets, with Phase 1 at Courtyard driving revenue north of INR50 crores from a previous INR30 crores, a 60% increase.
- ADR (Average Daily Rate) growth is anticipated at 10-12% specifically in Hyderabad and Bangalore for upscale hotels over the next 2 years.
- The business strategy focuses on increasing occupancy and RevPAR through renovation completions and reopening the convention center.
- Executive Apartments segment has strong occupancy with potential for ADR hikes due to supply shortage in long-term stay offerings.
2 more points from Viceroy Hotels Ltd's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Viceroy Hotels Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- A Greenfield project: a new 200-room Courtyard hotel in Madhapur, with a total project cost of around INR120-130 crores and expected construction start in Q4 FY27. Expected operations by FY29-FY30.
- Ongoing renovation phases: Phase 1 at Courtyard is complete; Phase 2 and Phase 3 renovations focus on Marriott Hotels and are expected to complete by December FY27.
- Rights issue approval pending to raise INR107 crores primarily to repay debt and keep headroom for Greenfield project/future expansion.
- Actively evaluating brownfield and distressed hospitality assets for strategic acquisition to expand portfolio, with no separate SPV planned.
2 more points from Viceroy Hotels Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Viceroy Hotels Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The discussion primarily revolves around financial performance, renovation updates, revenue metrics, operational efficiencies, acquisition details, and growth strategies within the hospitality sector. No references to orderbook or pending orders are made…
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 Viceroy Hotels Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Viceroy Hotels Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 28.77 | 32.17 | 24.78 | 27.38 | 40.20 | 41.19 | 31.90 | 32.31 | 37.75 | 35.33 | 30.80 | 38.66 | 48.37 |
| Expenses + | 30.66 | 30.41 | 24.23 | 23.62 | 45.21 | 29.16 | 27.32 | 24.37 | 26.39 | 25.77 | 23.04 | 26.50 | 33.99 |
| Operating Profit | -1.89 | 1.76 | 0.55 | 3.76 | -5.01 | 12.03 | 4.58 | 7.94 | 11.36 | 9.56 | 7.76 | 12.16 | 14.38 |
| OPM % | -6.57% | 5.47% | 2.22% | 13.73% | -12.46% | 29.21% | 14.36% | 24.57% | 30.09% | 27.06% | 25.19% | 31.45% | 29.73% |
| Other Income + | 1.62 | 0.96 | 2.68 | 0.00 | 0.55 | -2.77 | 1.06 | 1.45 | 0.40 | 1.27 | 1.06 | 3.21 | 1.17 |
| Interest | 0.00 | 0.45 | 0.03 | 0.51 | 0.01 | 1.43 | 1.41 | 1.29 | 1.61 | 0.64 | 1.10 | 1.15 | 5.30 |
| Depreciation | 2.15 | 2.15 | 2.16 | 2.10 | 2.11 | 7.61 | 2.91 | 2.94 | 3.16 | 3.11 | 3.43 | 3.49 | 4.75 |
| Profit before tax | -2.42 | 0.12 | 1.04 | 1.15 | -6.58 | 0.22 | 1.32 | 5.16 | 6.99 | 7.08 | 4.29 | 10.73 | 5.50 |
| Tax % | 5.37% | 108.33% | 51.92% | -37.39% | 0.46% | -1,000.00% | 17.42% | -1,056.20% | -4.29% | -40.82% | -2.10% | -2.05% | -9.09% |
| Net Profit + | -2.54 | 0.00 | 0.50 | 1.58 | -6.61 | 2.42 | 1.09 | 59.66 | 7.29 | 9.96 | 4.38 | 10.96 | 6.00 |
| EPS in Rs | -0.35 | 0.00 | 0.07 | 0.22 | -0.62 | 0.23 | 0.10 | 5.55 | 1.08 | 1.47 | 0.65 | 1.62 | 0.89 |
Financials of Viceroy 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 + | 110 | 124 | 124 | 118 | 122 | 122 | 35 | 52 | 119 | 138 | 137 | 143 |
| Expenses + | 76 | 92 | 100 | 109 | 126 | 131 | 54 | 87 | 111 | 120 | 104 | 105 |
| Operating Profit | 34 | 32 | 25 | 9 | -4 | -8 | -20 | -34 | 9 | 18 | 33 | 38 |
| OPM % | 31% | 26% | 20% | 7% | -3% | -7% | -57% | -66% | 7% | 13% | 24% | 27% |
| Other Income + | -0 | 19 | -4 | -409 | 3 | 5 | 6 | 18 | 0 | -2 | 4 | 7 |
| Interest | 26 | 27 | 28 | 23 | 2 | 1 | 1 | 1 | 0 | 1 | 5 | 9 |
| Depreciation | 14 | 13 | 9 | 10 | 11 | 10 | 10 | 9 | 9 | 14 | 12 | 15 |
| Profit before tax | -6 | 11 | -16 | -433 | -14 | -15 | -24 | -26 | 0 | 0 | 21 | 21 |
| Tax % | 0% | -0% | 6% | 2% | 14% | 11% | -16% | 2% | 111% | -724% | -280% | 12% |
| Net Profit + | -7 | 11 | -15 | -443 | -16 | -17 | -21 | -26 | -0 | 2 | 78 | 18 |
| EPS in Rs | -0.94 | 1.52 | -2.02 | -61.49 | -2.19 | -2.34 | -2.85 | -3.65 | -0.01 | 0.22 | 11.54 | 2.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Viceroy 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 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 63 | 68 | 68 |
| Reserves | 103 | 123 | 120 | -408 | -423 | -440 | -461 | -487 | -487 | 4 | 177 | 199 |
| Borrowings + | 481 | 488 | 464 | 533 | 540 | 547 | 629 | 634 | 597 | 179 | 52 | 264 |
| Other Liabilities + | 232 | 266 | 301 | 274 | 283 | 280 | 194 | 192 | 199 | 82 | 15 | 26 |
| Total Liabilities | 858 | 920 | 927 | 442 | 441 | 429 | 405 | 381 | 352 | 328 | 312 | 557 |
| Fixed Assets + | 177 | 195 | 187 | 282 | 273 | 263 | 249 | 230 | 222 | 214 | 178 | 405 |
| CWIP | 358 | 408 | 437 | 92 | 92 | 92 | 100 | 100 | 57 | 37 | 15 | 57 |
| Investments | 125 | 135 | 130 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 | 1 |
| Other Assets + | 198 | 181 | 174 | 68 | 76 | 74 | 56 | 51 | 74 | 77 | 88 | 94 |
| Total Assets | 858 | 920 | 927 | 442 | 441 | 429 | 405 | 381 | 352 | 328 | 312 | 557 |
Financials of Viceroy 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 | 25 | 58 | -6 | 1 | -12 | 13 | -7 | -23 | 10 | 32 | 58 |
| Cash from Investing Activity + | -85 | -30 | -15 | -44 | -2 | -0 | -8 | 5 | 44 | -11 | 30 | -210 |
| Cash from Financing Activity + | 35 | 2 | -40 | 46 | 7 | 6 | -4 | 4 | -11 | 14 | -83 | 204 |
| Net Cash Flow | 2 | -3 | 3 | -5 | 7 | -5 | 1 | 2 | 10 | 14 | -21 | 53 |
| Free Cash Flow | -22 | -0 | 38 | 27 | -1 | -12 | 9 | -7 | 20 | 2 | 14 | -65 |
| CFO/OP | 157% | 77% | 232% | -73% | -41% | 138% | -64% | 19% | -270% | 58% | 77% | 143% |
Financials of Viceroy 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 | 80 | 70 | 36 | 36 | 41 | 36 | 95 | 39 | 28 | 21 | 19 | 16 |
| Inventory Days | 24 | 26 | 21 | 18 | 23 | 24 | 17 | |||||
| Days Payable | 344 | 304 | 292 | 350 | 343 | 345 | 190 | |||||
| Cash Conversion Cycle | -240 | -208 | -234 | -296 | -280 | -286 | 95 | 39 | 28 | 21 | 19 | -157 |
| Working Capital Days | -793 | -598 | -716 | -650 | -663 | -625 | -2,357 | -1,544 | -668 | -80 | 57 | -26 |
| ROCE % | 4% | 3% | 3% | 1% | -7% | -9% | -15% | -21% | 0% | 2% | 9% | 7% |
Guidance history
How Viceroy Hotels Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | Planned | — |
| Q4 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | — |
| Q3 FY26 call → | 10–20% | Up 2%+ | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
66 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +10.6% | 69% |
| Last 6 months | +2.4% | 57% |
| Last 3 months | +10.5% | 80% |
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 Viceroy Hotels Ltd: 0.4 × 69 + 0.4 × 57 + 0.2 × 80 = 66.
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 Viceroy Hotels Ltd's management said in earlier quarters
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