Operates the Hyatt Regency Delhi hotel, which is its main business, contributing 99.2% of segment revenue in the YTD period ended September 2024. The hotel earned Rs 139.64 crore in revenue and Rs 25.60 crore in EBIT during that period. It also runs a small real estate operation (Rs 1.08 crore revenue, 0.8% of segment revenue) and a power generation unit that recorded no revenue. Cost structure is dominated by other operating expenses (51.2% of revenue) and employee costs (25.2%), reflecting the labour-intensive nature of hotel operations. Materials account for 10.3% of revenue and depreciation 5.2%. The company raised Rs 76,494 lakhs in February 2026 through a preferential equity issue at Rs 330 per share and used the proceeds to fully repay defaulted borrowings of Rs 59,326.48 lakhs principal plus Rs 23,709.15 lakhs interest. Auditors flagged material uncertainty about going concern as current liabilities exceeded current assets. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hotel Business (99%), Real Estate Operation (1%), Power Generation (0%). Single-asset hotel operator, asset-heavy, with a small ancillary real estate and power generation presence
| ₹ crore · consolidated | FY19 | FY20 | FY21 | FY22 | FY26 |
|---|---|---|---|---|---|
| Revenue | 274 | 252 | 73 | 131 | 341 |
| EBITDA (ex other income) | 81 | 54 | (592) | (323) | (60) |
| margin % | 29.7 | 21.6 | (815.3) | (247.6) | (17.5) |
| Owners' profit | (36) | (59) | (694) | (425) | (102) |
| EPS, as reported (₹) | (20.08) | (33.28) | (357.25) | (233.29) | (44.05) |
| ROE % · ROCE % | (5.4) · 3.8 | (9.8) · 3.1 | (152.9) · (40.4) | (192.6) · (30.9) | (11.1) · (5.3) |
| Debt / equity (x) | 1.62 | 1.84 | 2.78 | 4.58 | 0.36 |
| Cash from operations | — | — | 41 | 15 | (156) |
| Capex | — | — | (2) | (1) | (3) |
| ₹ crore | Q2 FY22 | Q3 FY22 | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35 | 47 | 36 | 53 | 60 | 69 | 103 | 78 |
| Profit before tax | (22) | (25) | (45) | (33) | (30) | (17) | (2) | (5) |
| Net profit | (22) | (25) | (45) | (33) | (30) | (17) | 31 | (4) |
| EPS (₹) | (11.53) | (12.78) | (23.12) | (17.19) | (15.34) | (8.68) | 8.70 | (0.83) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| THE INDIAN HOTELS CO. LTD | 1,02,271 | 47.7 | 6.85 | 27.2 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED | 32,180 | 37.1 | 2.75 | 20.9 | 7.0 | 9.0 | — | 37.5 |
| CHALET HOTELS LIMITED | 19,293 | 36.5 | 5.22 | 17.5 | 17.4 | 13.6 | 56.6 | 45.5 |
| EIH LIMITED | 17,976 | 25.3 | 3.32 | 16.8 | 12.2 | 14.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Newspaper ad confirms completion of 45th AGM Notice and Annual Report dispatch | compliance | minimal | — | — |
| 4 Sept 2026 · 45th AGM notice and FY26 Annual Report filed; meeting on Sep 29, 2026 | results | high | — | — |
| 4 Sept 2026 · 45th AGM on Sep 29, 2026; two director re-appointments on agenda | board shareholder meetings | low | — | — |
| 26 Aug 2026 · AGM notice on Sept 29; email update request for Asian Hotels North | compliance | minimal | — | — |
| 25 Aug 2026 · Asian Hotels North appoints Gauri Dhawan as Head of Marketing and PR | management changes | medium | — | — |
| 11 Aug 2026 · Q1 FY26 results published in newspapers (Hyatt Regency Delhi owner) | compliance | minimal | — | — |
| 10 Aug 2026 · Q1 FY27 results, loss narrows, Executive Director re-appointed for 2 years | management changes | medium | — | — |
| 10 Aug 2026 · Q1 FY27 Results: Loss Narrows, Revenue Up; Going Concern Flagged | results | high | — | — |
| 5 Aug 2026 · Court orders release of Hyatt Regency title deeds in AHNL favour, Rs 159.66 cr deposit required | regulatory legal | high | — | — |
| 4 Aug 2026 · Board meeting on Aug 10 to approve Q1 FY26-27 results | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 42.7 |
| 31.6 |
| LEELA PALACES HOTEL LTD | 17,930 | 29.6 | 2.78 | 24.0 | 6.2 | 5.9 | — | 43.2 |
| VENTIVE HOSPITALITY LTD | 13,431 | 28.0 | 1.99 | 11.8 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,314 | 35.4 | 4.00 | 15.4 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,888 | 71.8 | 14.33 | 48.1 | 20.0 | 26.6 | 24.7 | 17.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.9 | 1.9 | 30 of 57 | 48% |
| ROCE | (10.9) | 4.9 | 61 of 65 | 6% |
| ROE | (11.1) | 6.4 | 55 of 59 | 7% |
| Debt / Equity | 0.4 | 0.2 | 40 of 59 | 33% |
| EBITDA margin | 17.9 | 29.5 | 43 of 58 | 26% |
| Revenue growth | 45.2 | 7.6 | 4 of 58 | 95% |
| Profit growth | 89.4 | 11.6 | 14 of 55 | 76% |
| Market cap | 1714 | 274 | 17 of 66 | 75% |
| 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 |
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.
