Owns and operates a portfolio of 9 hotels with 1,604 keys across South India — Bengaluru, Chennai, Kochi, Mysuru, and GIFT City — under chain-affiliated brands such as Marriott, Courtyard by Marriott, Four Points by Sheraton, and Grand Mercure. Revenue comes from room rentals, food and beverage, banqueting, and other hotel services; FY26 revenue stood at ₹525.03 crore with an EBITDA margin of 36.63%. The business is asset-heavy, with depreciation at 10.4% of revenue and a ₹3,600 crore capex programme underway, of which ₹400 crore was already invested by FY26 end. Plans target doubling the room inventory by adding roughly 1,700 new keys under its Vision 2031, including a recently opened Courtyard by Marriott Kochi Infopark (218 keys) and a 45-key Courtyard by Marriott Chennai World Trade Center due in Q3 FY27. Domestic travellers make up 73% of the mix, with international business disrupted by geopolitical tensions in FY26 (₹7–8 crore of F&B cancellations in Q4). Q4 FY26 operating metrics showed portfolio ADR of ₹8,066 (+7% YoY), occupancy of 78%, and RevPAR of ₹6,295 (+6% YoY). Costs are dominated by other operating expenses (38.1% of revenue) and employee costs (19.8%), with materials at 9.0%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hotel operations (rooms, F&B, banqueting). Asset-heavy, capital-intensive hospitality with ongoing expansion phase
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 525 |
| EBITDA (ex other income) | 174 |
| margin % | 33.1 |
| Owners' profit | 58 |
| EPS, as reported (₹) | 1.68 |
| ROE % · ROCE % | 6.6 · 11.0 |
| Debt / equity (x) | 0.14 |
| Cash from operations | 200 |
| Capex | (260) |
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 124 | 250 | 139 | 136 | 127 |
| Profit before tax | 10 | 24 | 29 | 34 | 23 |
| Net profit | 7 | 18 | 22 | 25 | 17 |
| EPS (₹) | 0.22 | 0.48 | 0.53 | 0.60 | 0.42 |
| 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 | 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Postal Ballot Notice - Stock Options to Employees and Related Party Transactions | compliance | minimal | — | — |
| 3 Sept 2026 · Postal ballot for ESOP 2026 plan and related party transactions approval | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Brigade Hotel Ventures to hold one-on-one investor meet in Chennai on Aug 25 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Brigade Hotel Ventures appoints Vinay Gupta as CEO | management changes | high | — | — |
| 11 Aug 2026 · Q1 FY27: Profit up 140%, RevPAR grows 9%, debt-free with INR108cr net cash | investor communications | medium | — | — |
| 10 Aug 2026 · Transcript of 10th AGM uploaded to company website | investor communications | medium | — | — |
| 6 Aug 2026 · Q1 FY2027 earnings call audio recording uploaded on company website | investor communications | low | — | — |
| 6 Aug 2026 · Newspaper publication of Q1FY27 unaudited financial results | compliance | minimal | — | — |
| 5 Aug 2026 · AGM 2026 voting results - all 3 resolutions passed with requisite majority | board shareholder meetings | low | — | — |
| 5 Aug 2026 · 10th AGM held via video conferencing on August 5, 2026 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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/E (TTM) | 27.9 | 24.1 | 33 of 60 | 46% |
| P/B | 2.2 | 1.9 | 37 of 57 | 36% |
| ROCE | 6.9 | 4.9 | 24 of 65 | 64% |
| ROE | 6.6 | 6.4 | 29 of 59 | 52% |
| Debt / Equity | 0.1 | 0.2 | 29 of 59 | 52% |
| EBITDA margin | 35.8 | 29.5 | 21 of 58 | 65% |
| Revenue growth | 2.3 | 7.6 | 40 of 58 | 32% |
| Profit growth | 142.2 | 11.6 | 10 of 55 | 83% |
| Market cap | 2148 | 274 | 14 of 66 | 80% |
| 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.
