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Asian Hotels (West) Overview

Asian Hotels (West) Ltd is a prominent hospitality company renowned for its luxurious hotels and exceptional guest experiences in Western India. Founded on a commitment to impeccable service and unparalleled comfort, the company operates a portfolio of upscale hotels that cater to both business and leisure travelers. With a strong presence in major cities and tourist destinations in Western India, Asian Hotels (West) Ltd has earned a stellar reputation for its world-class accommodations, fine dining restaurants, and state-of-the-art facilities...Read More

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Asian Hotels (West) Key Financials

Market Cap ₹421 Cr.

Stock P/E 10.6

P/B -17.7

Current Price ₹361.7

Book Value ₹ -20.5

Face Value 10

52W High ₹361.7

Dividend Yield 0%

52W Low ₹ 143.8

Asian Hotels (West) Share Price

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Volume
Price

Asian Hotels (West) Quarterly Price

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Asian Hotels (West) Peer Comparison

Asian Hotels (West) Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 83 110 98 109 96 110 115 89 114 111
Other Income 2 2 5 5 2 2 3 2 2 2
Total Income 85 112 103 114 99 113 117 92 116 113
Total Expenditure 43 59 61 67 58 61 69 55 59 62
Operating Profit 41 53 42 47 40 51 48 36 58 50
Interest 19 20 28 86 18 18 13 14 13 12
Depreciation 9 9 9 10 9 13 10 11 12 10
Exceptional Income / Expenses 0 0 0 0 0 -19 -8 0 0 0
Profit Before Tax 12 24 5 -48 13 1 17 11 32 29
Provision for Tax -3 -0 3 -9 -5 -4 18 3 8 7
Profit After Tax 16 24 2 -39 18 5 -1 8 24 22
Adjustments -0 -0 0 0 -0 0 0 -0 0 -0
Profit After Adjustments 16 24 2 -39 18 5 -1 8 24 22
Adjusted Earnings Per Share 13.3 20.7 1.4 -33.7 15.5 4.4 -0.8 6.9 20.9 18.6

Asian Hotels (West) Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 274 319 364 385 432 431 131 159 347 400 411 429
Other Income 3 4 18 16 27 16 11 11 10 14 10 9
Total Income 277 324 382 401 459 447 142 170 357 414 421 438
Total Expenditure 220 240 256 263 284 278 132 136 202 229 235 245
Operating Profit 57 84 126 138 175 169 10 34 155 184 186 192
Interest 95 96 102 91 90 107 108 93 89 153 73 52
Depreciation 49 52 55 56 47 52 52 61 38 38 41 43
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 -27 -8
Profit Before Tax -88 -64 -31 -10 38 9 -149 -120 28 -7 45 89
Provision for Tax -1 -3 1 2 -36 8 -1 -2 -5 -12 5 36
Profit After Tax -87 -61 -31 -11 74 1 -149 -118 32 6 40 53
Adjustments 16 11 6 3 0 0 0 0 0 0 0 0
Profit After Adjustments -71 -51 -25 -9 75 1 -149 -118 32 6 40 53
Adjusted Earnings Per Share -62 -44.1 -22.2 -7.5 64.2 0.8 -127.7 -100.8 27.9 4.7 34.2 45.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 37% -1% 4%
Operating Profit CAGR 1% 76% 2% 13%
PAT CAGR 567% 0% 109% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 151% 14% 12% 11%
ROE Average 0% 0% -82% -40%
ROCE Average 19% 20% 10% 9%

Asian Hotels (West) Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 227 175 136 125 122 111 -38 -155 -123 -118 -78
Minority's Interest 30 19 13 10 0 0 0 -0 -0 -0 -0
Borrowings 714 728 765 756 769 735 528 522 487 407 297
Other Non-Current Liabilities 137 139 144 141 96 187 193 196 194 188 200
Total Current Liabilities 80 85 65 73 95 113 353 394 402 485 509
Total Liabilities 1188 1146 1122 1105 1082 1146 1037 956 960 962 928
Fixed Assets 994 944 923 886 848 985 928 865 828 794 773
Other Non-Current Assets 136 149 136 119 118 41 41 43 41 46 62
Total Current Assets 58 52 63 101 116 119 68 48 92 122 93
Total Assets 1188 1146 1122 1105 1082 1146 1037 956 960 962 928

Asian Hotels (West) Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 4 21 13 14 30 12 18 7 5 39 57
Cash Flow from Operating Activities 33 77 83 144 169 152 18 70 155 152 138
Cash Flow from Investing Activities -12 -12 -24 -31 -131 -23 31 22 -4 -9 1
Cash Flow from Financing Activities -5 -71 -58 -96 -56 -123 -61 -94 -117 -124 -151
Net Cash Inflow / Outflow 16 -6 1 17 -18 6 -11 -2 34 18 -12
Closing Cash & Cash Equivalent 21 15 14 30 12 18 7 5 39 57 45

Asian Hotels (West) Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -62.03 -44.13 -22.2 -7.53 64.24 0.85 -127.74 -100.85 27.85 4.73 34.16
CEPS(Rs) -32.52 -7.61 20.64 38.94 104.03 45.49 -83.12 -48.87 60.86 37.34 69.2
DPS(Rs) 1 1 1 1 1 0 0 0 0 0 0
Book NAV/Share(Rs) 197.69 152.36 118.38 109.4 104.58 95.12 -32.41 -133.22 -105.62 -100.92 -66.95
Core EBITDA Margin(%) 19.79 24.94 29.69 31.68 34.35 35.42 -0.46 14.41 41.83 42.6 42.79
EBIT Margin(%) 2.77 9.94 19.49 21.18 29.71 27.05 -31.71 -16.79 33.62 36.58 28.75
Pre Tax Margin(%) -31.96 -20.04 -8.42 -2.49 8.86 2.14 -113.74 -75.33 7.98 -1.66 10.86
PAT Margin (%) -31.57 -19.14 -8.57 -2.95 17.23 0.23 -113.28 -74.03 9.34 1.38 9.69
Cash Profit Margin (%) -13.58 -2.73 6.49 11.58 28.04 12.29 -73.69 -35.87 20.41 10.88 19.64
ROA(%) -7.2 -5.24 -2.75 -1.02 6.81 0.09 -13.64 -11.79 3.39 0.57 4.21
ROE(%) -32.97 -30.47 -20.13 -8.7 60.23 0.85 -407.5 0 0 0 0
ROCE(%) 0.8 3.36 7.7 9.05 14.25 13.01 -5.06 -3.79 18.5 22.81 18.61
Receivable days 18.63 16.31 16.33 19.58 17.82 14.55 34.07 23.38 15.52 16.14 13.81
Inventory Days 13.52 9.1 8.18 7.2 6.58 7.08 19.91 13.42 5.76 5.32 4.81
Payable days 192.54 226.52 199.83 207.92 244.72 260.34 745.11 659.61 444.48 337.4 207.43
PER(x) 0 0 0 0 5.48 335.45 0 0 0 0 0
Price/Book(x) 0.62 0.74 1.92 2.4 3.37 3 -6.95 -1.28 0 0 0
Dividend Yield(%) 0.81 0.89 0.44 0.38 0.28 0 0 0 0 0 0
EV/Net Sales(x) 3.11 2.72 2.8 2.66 2.63 2.38 7.86 6.19 2.03 1.78 1.57
EV/Core EBITDA(x) 15 10.34 8.11 7.43 6.5 6.09 99.85 28.97 4.55 3.87 3.46
Net Sales Growth(%) 96.53 16.32 14.12 5.74 12.21 -0.24 -69.52 20.79 118.85 15.07 2.69
EBIT Growth(%) 80.86 318.07 123.67 14.9 57.37 -9.16 -135.73 36.06 538.24 25.22 -19.28
PAT Growth(%) -263.4 29.47 48.89 63.64 755.66 -98.67 0 21.05 127.61 -83.03 622.83
EPS Growth(%) -450.18 28.86 49.7 66.07 952.84 -98.68 0 21.05 127.62 -83.03 622.83
Debt/Equity(x) 3.24 4.33 5.74 6.09 6.5 6.94 -21.31 -5.13 -6.05 -6.61 -8.8
Current Ratio(x) 0.72 0.62 0.98 1.38 1.21 1.05 0.19 0.12 0.23 0.25 0.18
Quick Ratio(x) 0.62 0.52 0.85 1.29 1.12 0.98 0.17 0.11 0.21 0.24 0.17
Interest Cover(x) 0.08 0.33 0.7 0.89 1.43 1.09 -0.39 -0.29 1.31 0.96 1.61
Total Debt/Mcap(x) 5.2 5.89 2.99 2.54 1.93 2.32 3.07 4 0 0 0

Asian Hotels (West) Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.72 70.72 70.72 70.72 71.39 71.39 71.39 72.03 72.07 72.12
FII 0 0 0 0 0 0 0 0 0 0
DII 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58
Public 28.7 28.7 28.7 28.7 28.03 28.03 28.03 27.4 27.35 27.31
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Asian Hotels (West) News

Asian Hotels (West) Pros & Cons

Pros

  • Stock is trading at -17.7 times its book value
  • Company has delivered good profit growth of 109% CAGR over last 5 years
  • Debtor days have improved from 337.4 to 207.43days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
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