NSE: RHL · BSE: 543901
ROBUST HOTELS LIMITED
Operates branded hotels in India under the Hyatt Regency name, currently running Hyatt Regency Chennai, with the board approving exercise of a buy option for the Hyatt Regency Mumbai property in May 2026. The Hotel Business segment is the only revenue-generating line, contributing Rs. 107.9785 crore of segment revenue over the nine months ended December 2025, with segment EBIT of Rs. 36.1869 crore on that revenue. A separate Investment Division records zero segment revenue but contributes Rs. 13.0305 crore of EBIT over the same period, reflecting income from the company's investment portfolio rather than operations. For FY26, total revenue from operations was Rs. 148.27 crore, up 8.8% year-on-year, and net profit was Rs. 24.70 crore, up 50.1% year-on-year. The cost stack is dominated by other operating expenses at 41.5% of revenue, followed by employee costs at 15.5%, depreciation at 11.6% and materials at 9.7%, consistent with a labour- and asset-intensive hotel model. Total assets stood at Rs. 926.34 crore as of FY26, underlining the asset-heavy nature of the business. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hotel Business (100%), Investment Division (0%). Asset-heavy, branded hotel operations supplemented by an investment portfolio that contributes EBIT without segment revenue
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 106 | 122 | 136 | 148 |
| EBITDA (ex other income) | 28 | 32 | 36 | 49 |
| margin % | 26.3 | 25.8 | 26.4 | 33.3 |
| Owners' profit | 55 | 5 | 16 | 25 |
| EPS, as reported (₹) | 31.99 | 2.74 | 9.52 | 14.29 |
| ROE % · ROCE % | 7.9 · 1.9 | 0.7 · 2.6 | 2.3 · 4.4 | 3.3 · 5.6 |
| Debt / equity (x) | 0.16 | 0.23 | 0.22 | 0.20 |
| Cash from operations | 27 | 29 | 54 | 46 |
| Capex | (5) | (9) | (5) | (3) |
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 | 34 | 33 | 40 | 33 | 36 | 39 | 40 | 34 |
| Profit before tax | 3 | 4 | 14 | 6 | 8 | 9 | 10 | 8 |
| Net profit | 2 | 3 | 10 | 4 | 6 | 7 | 8 | 6 |
| EPS (₹) | 1.32 | 1.46 | 5.95 | 2.33 | 3.38 | 4.10 | 4.48 | 3.54 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Hotel Business | 75 | 69.2 |
| Hotel Division | 33 | 30.8 |
| Total, before eliminations | 108 | 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 | 1,01,296 | 47.2 | 6.78 | 26.9 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED | 32,182 | 37.1 | 2.75 | 20.9 | 7.0 | 9.0 | — | 37.5 |
| LEELA PALACES HOTEL LTD | 19,603 | 32.4 | 3.04 | 26.1 | 6.2 | 5.9 | — | 43.2 |
| EIH LIMITED | 18,198 | 25.6 | 3.36 | 17.0 | 12.2 | 14.9 | 42.7 | 31.6 |
| CHALET HOTELS LIMITED | 18,067 | 34.2 | 4.89 | 16.5 | 17.4 | 13.6 | 56.6 | 45.5 |
| VENTIVE HOSPITALITY LTD | 13,125 | 27.4 | 1.94 | 11.5 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,710 | 37.0 | 4.19 | 16.0 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,635 | 68.7 | 13.71 | 46.0 | 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) | 10.4 | 27.3 | 12 of 57 | 80% |
| P/B | 0.4 | 1.7 | 5 of 57 | 93% |
| ROCE | 3.8 | 4.9 | 38 of 65 | 42% |
| ROE | 3.3 | 6.3 | 36 of 57 | 38% |
| Debt / Equity | 0.2 | 0.2 | 29 of 57 | 50% |
| EBITDA margin | 45.6 | 29.5 | 12 of 58 | 81% |
| Revenue growth | 1.9 | 7.6 | 42 of 58 | 28% |
| Profit growth | 52.0 | 11.6 | 19 of 55 | 67% |
| Market cap | 278 | 247 | 32 of 66 | 52% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · Quarterly Compliance Certificate Under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 25 Sept 2026 · NSE seeks clarification on Q1 FY27 results signing authority | compliance | low | — | — |
| 25 Sept 2026 · Trading window closure for Q2 FY27 results | compliance | minimal | — | — |
| 15 Sept 2026 · Mr. S Mahendran reappointed as Manager for 1 year | management changes | high | — | — |
| 15 Sept 2026 · AGM results: all 3 resolutions passed with 99.05 percent approval | board shareholder meetings | low | — | — |
| 15 Sept 2026 · 19th AGM held on Sep 15, 2026; 3 resolutions transacted via e-voting | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · NSE seeks clarification from Robust Hotels on June quarter results | compliance | medium | — | — |
| 25 Aug 2026 · Newspaper publication of 19th AGM notice filed with exchanges | compliance | minimal | — | — |
| 24 Aug 2026 · AGM Notice and Annual Report dispatch to shareholders via weblink | compliance | minimal | — | — |
| 24 Aug 2026 · Notice of 19th AGM and Annual Report 2025-26 filing | board shareholder meetings | 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.