NSE: WONDERLA · BSE: 538268
WONDERLA HOLIDAYS LTD.
Operates amusement parks and resorts across 5 Indian states, with FY26 revenue of ₹518.77 crore split between ticket sales, in-park F&B and retail, resort stays, and ancillary operations. The amusement parks and resort segment made up 70.3% of segment revenue, while 'others' contributed 23.9% and investment-related income the rest. A new Chennai park opened on 2 December 2025 and contributed meaningfully in its first full quarter, alongside a 56% year-on-year jump in the resort business. The company is targeting a 50-50 mix of ticket and non-ticket revenue within 4-5 years, with non-ticket offerings such as food, beverages, retail and gaming being a key premiumisation lever. The main costs are other operating expenses at 40.0% of revenue, employees at 17.2%, and depreciation at 16.1%, reflecting the asset-heavy nature of the rides and infrastructure. It is largely debt-free and is in discussions with 4 state governments to add 2-3 new parks over the next 4 years. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Amusement parks and Resort (70%), Others (24%), Interest, dividend and gain from mutual funds (5%), Allocable other income (0%). Asset-heavy, location-based leisure services and resort hospitality, weather- and macro-sensitive
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 128 | 429 | 483 | 459 | 519 |
| EBITDA (ex other income) | 20 | 211 | 227 | 147 | 160 |
| margin % | 15.9 | 49.3 | 47.0 | 32.1 | 30.9 |
| Owners' profit | (9) | 149 | 158 | 109 | 82 |
| EPS, as reported (₹) | (1.68) | 26.33 | 27.93 | 18.61 | 12.89 |
| ROE % · ROCE % | (1.2) · (1.4) | 15.7 · 19.2 | 14.4 · 17.9 | 6.3 · 6.4 | 4.5 · 5.8 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 21 | 192 | 178 | 123 | 135 |
| Capex | (11) | (44) | (223) | (308) | (296) |
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 | 67 | 122 | 97 | 168 | 80 | 135 | 136 | 243 |
| Profit before tax | (12) | 27 | 15 | 70 | (2) | 18 | 22 | 93 |
| Net profit | 15 | 20 | 11 | 53 | (2) | 14 | 16 | 73 |
| EPS (₹) | 2.60 | 3.44 | 1.74 | 8.29 | (0.27) | 2.28 | 2.59 | 11.48 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Amusement parks and Resort | 327 | 59.3 |
| Others | 112 | 20.3 |
| Allocable other income | 20 | 3.6 |
| Interest, dividned, gain from mutual funds and others | 6 | 1.0 |
| Unallocated other income | 7 | 1.3 |
| Amusement park and resort | 60 | 10.9 |
| Other | 20 | 3.6 |
| Total, before eliminations | 551 | 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. % |
|---|---|---|---|---|---|---|---|---|
| WONDERLA HOLIDAYS LTD. ◆ | 3,021 | 29.6 | 1.68 | — | 4.5 | 5.8 | — | 50.3 |
| IMAGICAAWORLD ENT LTD | 2,360 | 166.8 | 1.88 | 21.3 | 0.1 | 0.6 | 76.3 | 52.5 |
| DELTA CORP LIMITED | 1,885 | — | 0.84 | 10.9 | 3.8 | 4.8 | 10.4 | (158.1) |
| NICCO PARKS & RESORTS LTD | 321 | — | 3.07 | 358.8 | (2.6) | (1.8) | 30.5 | 1.1 |
| AJWA FUN WORLD & RESORT LTD. | 25 | 58.2 | 0.53 | — | 104.0 | 111.9 | — | — |
| HANMAN FIT LIMITED | 4 | — | — | — | — | (6.7) | — | — |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 29.6 | 26.6 | 47 of 87 | 47% |
| P/B | 1.7 | 1.9 | 35 of 83 | 57% |
| ROCE | 5.8 | 5.4 | 47 of 101 | 54% |
| ROE | 4.5 | 5.6 | 48 of 83 | 43% |
| Debt / Equity | 0.0 | 0.1 | 16 of 82 | 82% |
| EBITDA margin | 50.3 | 23.4 | 11 of 85 | 88% |
| Revenue growth | 44.2 | 12.1 | 8 of 89 | 92% |
| Profit growth | 38.5 | 17.5 | 30 of 83 | 65% |
| Market cap | 3021 | 303 | 24 of 103 | 78% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Wonderla Holidays Q2 FY27 earnings call on Nov 3 | board shareholder meetings | low | — | — |
| 13 Oct 2026 · Board Meeting on Nov 2 to Consider Q2 FY27 Results | results | low | — | — |
| 6 Oct 2026 · Routine compliance certificate on demat/remat filings for Q2 FY26 | compliance | minimal | — | — |
| 23 Sept 2026 · Wonderla to attend investor meeting on Sep 29 | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Investor Meeting with Minerva Asset Advisors | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Wonderla Holidays closes trading window ahead of Q2 FY27 results | compliance | minimal | — | — |
| 16 Sept 2026 · Wonderla Holidays to attend Anand Rathi G-200 summit 2026 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Wonderla Holidays to meet BugleRock Capital on September 15 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Wonderla to meet White Oak Capital on Sept 18 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Management to meet Awirga Capital and GeeCee Holdings on Aug 28 | 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.