BSE: 530065
LORDS ISHWAR HOTELS LIMITED
Operates as a small hotelier through a single business segment, earning revenue from hospitality services and the sale of foreign liquor. FY26 revenue from operations stood at ₹736.49 lakh, down from ₹836.37 lakh in the prior year, and the company swung to a net loss of ₹8.19 lakh from a prior-year profit of ₹34.50 lakh. The largest cost lines are other operating expenses at 30.1% of revenue and employee costs at 26.3%, with materials at 9.2% and depreciation at 2.2%. A material related party transaction with H S India Limited covers the sale of foreign liquor, valued at up to ₹395 lakh for FY27 and equivalent to 53.63% of standalone turnover, which is being put to shareholder approval. In Q1 FY27, revenue from operations rose 38.5% year-on-year to ₹231.60 lakh and the company returned to a net profit of ₹12.80 lakh. The balance sheet carries negative other equity of ₹158.48 lakh against total debt of ₹640.79 lakh, while FY26 operating cash flow was ₹240.69 lakh. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hotelier, Foreign liquor sales (related party). Small, single-segment hotelier with negative other equity, high debt-to-equity, and a heavy related-party foreign liquor component
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 7 | 8 | 8 | 7 |
| EBITDA (ex other income) | 0 | 0 | 1 | 1 | 0 |
| margin % | 5.7 | 6.4 | 9.0 | 8.5 | 5.1 |
| Owners' profit | 0 | 0 | 0 | 0 | (0) |
| EPS, as reported (₹) | 0.22 | 0.15 | 0.66 | 0.46 | 0.11 |
| ROE % · ROCE % | 3.4 · 1.2 | 2.2 · 2.7 | 8.8 · 5.2 | 5.8 · 5.5 | (1.4) · 3.7 |
| Debt / equity (x) | 0.63 | 0.61 | 0.51 | 1.18 | 1.09 |
| Cash from operations | 0 | 0 | 0 | (4) | 2 |
| Capex | 0 | 0 | 0 | 0 | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
| Profit before tax | 0 | (0) | 0 | (0) | (0) | 0 | 0 | 0 |
| Net profit | 0 | (0) | 0 | (0) | (0) | 0 | (0) | 0 |
| EPS (₹) | 0.06 | (0.03) | 0.41 | (0.10) | (0.06) | 0.06 | 0.01 | 0.17 |
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 | 1,14,612 | 53.4 | 7.67 | 30.4 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED | 34,265 | 39.5 | 2.93 | 22.3 | 7.0 | 9.0 | — | 37.5 |
| LEELA PALACES HOTEL LTD | 20,355 | 33.6 | 3.15 | 27.0 | 6.2 | 5.9 | — | 43.2 |
| EIH LIMITED | 18,260 | 25.7 | 3.38 | 17.1 | 12.2 | 14.9 | 42.7 | 31.6 |
| CHALET HOTELS LIMITED | 17,481 | 33.1 | 4.73 | 16.0 | 17.4 | 13.6 | 56.6 | 45.5 |
| VENTIVE HOSPITALITY LTD | 12,684 | 26.4 | 1.88 | 11.2 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,500 | 36.1 | 4.09 | 15.7 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,172 | 63.1 | 12.59 | 42.2 | 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) | 76.1 | 25.7 | 55 of 57 | 4% |
| P/B | 1.7 | 1.6 | 30 of 57 | 48% |
| ROCE | 0.5 | 4.9 | 51 of 65 | 22% |
| ROE | (1.4) | 6.3 | 48 of 57 | 16% |
| Debt / Equity | 1.1 | 0.2 | 48 of 57 | 16% |
| EBITDA margin | 12.2 | 29.5 | 48 of 58 | 18% |
| Revenue growth | 38.5 | 7.6 | 5 of 58 | 93% |
| Profit growth | 266.9 | 11.6 | 7 of 55 | 89% |
| Market cap | 10 | 246 | 63 of 66 | 5% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Reg 74(5) compliance certificate filed for Sep 30, 2026 quarter | compliance | minimal | — | — |
| 22 Aug 2026 · 40th AGM voting results: all 3 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 22 Aug 2026 · Lords Ishwar Hotels holds 40th AGM; 3 resolutions placed, no queries from members | board shareholder meetings | low | — | — |
| 28 Jul 2026 · Newspaper ad for 40th AGM and e-voting info published in Financial Express | compliance | minimal | — | — |
| 28 Jul 2026 · 40th AGM notice and FY 2025-26 Annual Report sent to shareholders | compliance | minimal | — | — |
| 27 Jul 2026 · Notice of 40th AGM on 22 Aug 2026; e-voting and RPT approval | board shareholder meetings | low | — | — |
| 27 Jul 2026 · Annual Report FY26 and 40th AGM Notice filed | investor communications | medium | — | — |
| 23 Jul 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| 22 Jul 2026 · Q1 FY27 Results: Revenue up 38% YoY, swing to profit | results | medium | — | — |
| 22 Jul 2026 · Q1 FY27 Results: Revenue up 38%, PAT turns positive at Rs 12.80 lakh | results | high | — | — |
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.