NSE: ADVENTHTL · BSE: 544446
ADVENT HOTELS INTERNATI L
Operates hotels across India as a single hospitality segment, generating Rs 387.60 crore of consolidated revenue in FY26 with a net profit of Rs 65.40 crore. Hotel operations run through its 75%-owned subsidiary BD & P Hotels (India) Private Limited, which posted FY26 revenue of Rs 102.37 crore. The company held a 49% stake in associate Bamboo Hotel & Global Centre (Delhi) Private Limited, which is developing a hotel-cum-commercial complex housing St. Regis and Marriott Marquis at Aerocity, New Delhi; this stake is being divested to Valor Estate for about Rs 596.70 crore. A 21,978 sq m land parcel in Sahar, Andheri East, Mumbai is being placed into a 50:50 joint venture with Prestige Estates for commercial development, with Prestige paying Rs 504 crore for half of ACHIL. The hospitality undertaking was demerged from Valor Estate effective 1 July 2025, and the entity got listed on BSE and NSE on 13 November 2025. Employee costs are the largest identifiable expense at 18.5% of revenue, with depreciation at 7.6%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hospitality (hotel operations). Asset-heavy, single-segment Indian hospitality operator
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 388 |
| EBITDA (ex other income) | 161 |
| margin % | 41.7 |
| Owners' profit | 63 |
| EPS, as reported (₹) | 11.71 |
| ROE % · ROCE % | 6.4 · 7.5 |
| Debt / equity (x) | 0.78 |
| Cash from operations | 162 |
| Capex | 0 |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | 77 | 115 | 115 | 81 |
| Profit before tax | (3) | 29 | 11 | 11 |
| Net profit | (1) | 30 | 4 | 7 |
| EPS (₹) | 0.01 | 0.53 | 0.53 | 1.14 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| THE INDIAN HOTELS CO. LTD | 1,15,701 | 53.9 | 7.74 | 30.7 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED | 34,472 | 39.8 | 2.95 | 22.4 | 7.0 | 9.0 | — | 37.5 |
| LEELA PALACES HOTEL LTD | 19,829 | 32.8 | 3.07 | 26.4 | 6.2 | 5.9 | — | 43.2 |
| EIH LIMITED | 18,135 | 25.5 | 3.35 | 17.0 | 12.2 | 14.9 | 42.7 | 31.6 |
| CHALET HOTELS LIMITED | 17,782 | 33.6 | 4.81 | 16.2 | 17.4 | 13.6 | 56.6 | 45.5 |
| VENTIVE HOSPITALITY LTD | 12,520 | 26.1 | 1.85 | 11.1 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,434 | 35.9 | 4.06 | 15.6 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,146 | 62.8 | 12.52 | 42.0 | 20.0 | 26.6 | 24.7 | 17.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 54.7 | 26.1 | 50 of 57 | 13% |
| P/B | 0.6 | 1.6 | 11 of 57 | 82% |
| ROCE | 4.6 | 4.9 | 36 of 65 | 45% |
| ROE | 6.4 | 6.3 | 28 of 57 | 52% |
| Debt / Equity | 0.8 | 0.2 | 44 of 57 | 23% |
| EBITDA margin | 35.3 | 29.5 | 23 of 58 | 61% |
| Market cap | 652 | 237 | 23 of 66 | 66% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Advent Hotels acquires remaining 25% in BD&P Hotels, makes it wholly owned subsidiary | strategic transactions | high | — | — |
| 13 Oct 2026 · Advent Hotels to acquire remaining 25% in BD&P Hotels for Rs 40 cr | compliance | minimal | — | — |
| 12 Oct 2026 · SEBI Reg 74(5) compliance certificate filed for Sep 2026 quarter | compliance | minimal | — | — |
| 1 Oct 2026 · AGM results: all 4 resolutions approved, new MD appointed | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closed ahead of Q2 FY26-27 results | compliance | minimal | — | — |
| 29 Sept 2026 · AGM outcomes: new MD/CEO appointed, capital hike approved | management changes | medium | — | — |
| 26 Sept 2026 · Independent Director Mr. Rajeev RA resigns | management changes | medium | — | — |
| 10 Sept 2026 · Revised disclosure clarifies release of pledge on 21.7 lakh promoter shares | ownership changes | high | — | — |
| 10 Sept 2026 · Advent Hotels: Promoter Aseela Goenka releases pledge on 10.9 lakh shares | ownership changes | medium | — | — |
| 8 Sept 2026 · Promoter group inter-se gift transfer of 1 lakh shares | ownership changes | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.