NSE: PARKHOTELS · BSE: 544111
PARKHOTELS
Operates hotels and hospitality businesses across India, with hospitality contributing 99.8% of FY26 segment revenue and a small 'Others' stream at 0.2%. The company runs 42 hotels across 32 cities and reported FY26 consolidated revenue of Rs. 707.28 crore. The hospitality segment covers room nights, food and beverage at properties, and was expanded via acquisitions of Zillion Hotels (Juhu, Mumbai), Fisherman's Grove Resorts (Kerala) and Thali Hotels (Kerala) during the year. It also runs the Flurys bakery brand with 110 outlets, which delivered 29% YoY revenue growth in FY26. The company is targeting 6,653 keys by FY30, with 472 keys planned for FY27 across 8 new hotels including Dharamshala, Ayodhya and Manali. Costs are dominated by other operating expenses at 33.8% of revenue, employee costs at 22.5%, materials at 12.8% and depreciation at 10.5%; capex was 40.6% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hospitality (100%), Others (0%). Asset-heavy, capital-intensive hotel operator
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 579 | 631 | 707 |
| EBITDA (ex other income) | 192 | 205 | 214 |
| margin % | 33.2 | 32.4 | 30.3 |
| Owners' profit | 69 | 84 | 66 |
| EPS, as reported (₹) | 3.82 | 3.92 | 3.08 |
| ROE % · ROCE % | 5.7 · 11.7 | 6.5 · 11.0 | 4.9 · 8.1 |
| Debt / equity (x) | 0.03 | 0.06 | 0.19 |
| Cash from operations | 168 | 167 | 182 |
| Capex | (119) | (151) | (287) |
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 | 142 | 177 | 177 | 154 | 165 | 200 | 184 | 167 |
| Profit before tax | 39 | 45 | 39 | 22 | 28 | 41 | 24 | 20 |
| Net profit | 27 | 32 | 27 | 13 | 16 | 24 | 12 | 11 |
| EPS (₹) | 1.25 | 1.51 | 1.24 | 0.63 | 0.76 | 1.13 | 0.56 | 0.54 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Hospitality | 702 | 99.8 |
| Others | 1 | 0.2 |
| Total, before eliminations | 703 | 100.0 |
Exhibit 4: 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 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 34.0 | 26.1 | 38 of 57 | 34% |
| P/B | 1.6 | 1.6 | 29 of 57 | 50% |
| ROCE | 6.4 | 4.9 | 26 of 65 | 61% |
| ROE | 4.9 | 6.3 | 31 of 57 | 46% |
| Debt / Equity | 0.2 | 0.2 | 28 of 57 | 52% |
| EBITDA margin | 31.0 | 29.5 | 27 of 58 | 54% |
| Revenue growth | 8.1 | 7.6 | 28 of 58 | 53% |
| Profit growth | (14.4) | 11.6 | 37 of 55 | 33% |
| Market cap | 2169 | 237 | 13 of 66 | 82% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · PARKHOTELS signs HMA for 50-key Zone Connect hotel in Chhatrapati Sambhajinagar | business updates | medium | — | — |
| 13 Oct 2026 · Routine quarterly compliance certificate on share dematerialisation filed | compliance | minimal | — | — |
| 1 Oct 2026 · PARKHOTELS opens 52-key Zone Connect hotel in Visakhapatnam | business updates | medium | — | — |
| 29 Sept 2026 · AGM outcome: all 4 resolutions passed, dividend approved | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Park Hotels signs new Hotel Management Agreement | business updates | high | — | — |
| 26 Sept 2026 · 38th AGM Held; Dividend, Director Re-appointment and Remuneration Put to Vote | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading Window Closure for Q2 FY26 Financial Results | compliance | minimal | — | — |
| 22 Sept 2026 · Park Hotels management to attend three investor conferences from Sep 28 to 30 | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Park Hotels to meet analysts and investors on Sept 28 to 30 | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Park Hotels to meet investors at 3 conferences from Sep 28-30 | board shareholder meetings | low | — | — |
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.