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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹18123 Cr.
Stock P/E
23.5
P/B
3.4
Current Price
₹289.8
Book Value
₹ 84.1
Face Value
2
52W High
₹434.4
52W Low
₹ 271.4
Dividend Yield
0.52%

EIH Overview

Business

EIH Ltd. is the flagship company of The Oberoi Group, a prominent Indian hospitality chain. The company owns, manages, and operates luxury hotels and resorts primarily under the "Oberoi" and "Trident" brands. The Oberoi brand caters to the ultra-luxury segment, renowned for its exceptional service and distinctive properties, while the Trident brand offers five-star, upscale hotels targeting business and leisure travelers. The company's core business model involves providing premium accommodation, food and beverage services, banqueting facilities, and other ancillary hospitality services. It generates revenue from room nights, sales of food and beverages, event bookings, and management fees for properties it operates on behalf of owners.

Revenue Mix

EIH Ltd.'s primary business segment is Hotels & Resorts. Its revenue is predominantly derived from:

Room Revenue: Income from guest accommodation.

Food & Beverage Revenue: Sales from restaurants, bars, and in-room dining.

Other Operating Revenue: Includes income from banquets, conferences, laundry, spas, and other guest services.

Management Fees: Revenue earned from managing hotels owned by third parties.

Specific percentage breakdowns are not publicly detailed but room and F&B revenues are the dominant contributors.

Industry

The Indian hospitality industry is highly competitive, cyclical, and influenced by economic conditions, tourism trends (domestic and international), and geopolitical events. It comprises a mix of international chains, large domestic players, and independent hotels. EIH Ltd. is positioned firmly at the premium and luxury end of the market. Its "Oberoi" brand is recognized globally for its superior service, bespoke experiences, and iconic properties, often commanding premium pricing. The "Trident" brand holds a strong position in the upscale five-star category, catering to discerning business and leisure travelers. This positioning places EIH Ltd. in direct competition with other luxury brands like Taj Hotels, ITC Hotels, and international luxury hotel chains operating in India (e.g., Marriott Luxury Brands, Hyatt, Four Seasons).

MOAT

Strong Brand Equity: The "Oberoi" brand is synonymous with luxury, heritage, and unparalleled service excellence, fostering strong guest loyalty and allowing for premium pricing. "Trident" also holds significant recognition in the upscale segment.

Service Quality: EIH is renowned for its highly personalized and consistent service delivery, which is a critical differentiator in the luxury hospitality sector.

Asset Quality & Locations: Many of its properties are architecturally significant, well-maintained, and strategically located in prime tourist and business destinations.

Experience & Management Expertise: Decades of experience in operating high-end hotels, coupled with a focus on training and talent development, provides a deep understanding of the luxury market.

Growth Drivers

Increasing Disposable Income & Domestic Tourism: A growing middle class and rising affluence in India are fueling demand for luxury and upscale domestic travel.

Inbound International Tourism: Continued growth in international tourist arrivals to India will boost demand for premium accommodation.

MICE (Meetings, Incentives, Conferences, Exhibitions) Segment Growth: The expansion of corporate and event tourism contributes significantly to hotel occupancy and F&B revenue.

RevPAR Growth: Potential for increased Average Room Rates (ARR) and occupancy levels due to strong demand and brand appeal.

Strategic Expansion: Opportunities for adding new properties (owned or managed) in key urban centers and emerging tourist destinations, both domestically and potentially internationally.

Risks

Economic Downturns: Recessions or slowdowns can significantly reduce discretionary spending on travel, impacting occupancy and room rates.

Geopolitical & Health Events: Terrorism, political instability, natural disasters, or pandemics (like COVID-19) can severely disrupt the travel and tourism industry.

Intense Competition: The luxury and upscale segments are highly competitive, with numerous domestic and international players vying for market share.

High Fixed Costs: Hotels are capital-intensive with high fixed operating costs, making profitability sensitive to occupancy rates.

Regulatory & Environmental Risks: Changes in tourism policies, taxation, environmental regulations, or land use policies can impact operations and expansion.

Seasonality: The hospitality business often experiences seasonal variations in demand, leading to fluctuations in revenue and profitability.

Management & Ownership

EIH Ltd. is promoted by the Oberoi family, who have a long-standing legacy in the Indian hospitality sector. The company benefits from a management team generally well-regarded for its focus on maintaining brand standards, service excellence, and strategic growth. The promoter group, comprising the Oberoi family, holds a significant stake in the company. Additionally, ITC Ltd., another major Indian conglomerate with its own hotel business, also holds a substantial equity stake in EIH Ltd.

Outlook

EIH Ltd. stands on a strong foundation of a globally recognized luxury brand, high-quality assets, and a reputation for unparalleled service. The outlook for the company is closely tied to the recovery and growth of both domestic and international tourism, as well as the broader economic environment in India. Positive factors include India's growing economy, rising disposable incomes driving domestic luxury travel, and increasing inbound tourism. This could lead to improved occupancy, higher Average Room Rates (ARR), and enhanced profitability. However, the hospitality sector remains susceptible to economic downturns, geopolitical events, and intense competition, which could pressure revenues and margins. Sustained success will depend on EIH Ltd.'s ability to leverage its brand strength, adapt to evolving traveler preferences, strategically expand its footprint, and maintain efficient cost management in a dynamic and capital-intensive industry.

EIH Share Price

Live · BSE / NSE · Inception: 1949
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

EIH Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 741 741 527 589 800 827 574 598 873 895
Other Income 29 40 33 34 31 38 35 35 37 59
Total Income 770 781 560 623 831 866 609 633 910 954
Total Expenditure 417 437 392 414 443 477 414 444 497 561
Operating Profit 353 344 168 208 388 389 195 189 413 393
Interest 5 2 5 5 6 6 6 6 6 6
Depreciation 34 33 33 34 34 33 33 35 37 38
Exceptional Income / Expenses -24 17 -2 -2 -2 -22 -110 8 -30 0
Profit Before Tax 290 326 128 167 346 328 46 157 341 349
Provision for Tax 74 91 37 43 85 93 17 50 105 119
Profit After Tax 216 235 91 125 260 235 28 107 236 229
Adjustments 3 -12 1 5 4 18 6 7 7 8
Profit After Adjustments 219 223 92 130 264 253 34 114 243 238
Adjusted Earnings Per Share 3.5 3.6 1.5 2.1 4.2 4 0.5 1.8 3.9 3.8

EIH 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 1668 1659 1527 1598 1811 1596 494 985 2019 2511 2743 2940
Other Income 29 39 90 106 72 91 53 59 78 115 222 166
Total Income 1697 1698 1616 1704 1883 1687 547 1044 2096 2626 2965 3106
Total Expenditure 1338 1314 1266 1300 1408 1319 777 987 1421 1584 1812 1916
Operating Profit 359 384 351 405 475 369 -230 57 675 1042 1153 1190
Interest 46 28 18 23 50 56 41 35 36 19 21 24
Depreciation 168 133 128 117 133 146 129 124 126 131 134 143
Exceptional Income / Expenses 0 -18 -38 0 -73 -0 -2 55 -69 -7 -28 -132
Profit Before Tax 145 224 178 281 231 166 -464 -82 464 917 1028 893
Provision for Tax 78 81 60 86 82 1 -101 2 125 240 258 291
Profit After Tax 67 143 118 196 149 165 -363 -84 339 678 770 600
Adjustments -4 -12 -15 -17 -17 -16 -6 -13 -25 -39 -30 28
Profit After Adjustments 63 131 103 179 132 149 -370 -97 315 639 739 629
Adjusted Earnings Per Share 1.1 2.2 1.8 3.1 2.3 2.6 -5.9 -1.6 5 10.2 11.8 10

EIH 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 2610 2731 2781 2883 2993 3137 3104 3027 3375 3940 4613
Minority's Interest 78 78 56 70 89 100 94 97 97 147 131
Borrowings 220 90 214 293 275 234 255 165 36 0 0
Other Non-Current Liabilities 265 223 275 299 313 452 270 263 389 663 789
Total Current Liabilities 547 482 416 577 651 601 409 623 508 513 560
Total Liabilities 3719 3604 3742 4122 4322 4523 4132 4175 4404 5293 6092
Fixed Assets 2615 2230 2092 2548 2518 2898 2780 2750 2770 2787 3048
Other Non-Current Assets 581 902 1114 992 1136 997 897 755 758 1112 1466
Total Current Assets 523 472 536 583 668 627 456 603 876 1073 1437
Total Assets 3719 3604 3742 4122 4322 4523 4132 4175 4404 5293 6092

EIH 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 121 118 98 68 67 98 68 45 70 86 85
Cash Flow from Operating Activities 321 231 243 272 282 317 -139 -19 614 712 825
Cash Flow from Investing Activities -154 -58 -269 -318 -232 -163 -53 24 -298 -541 -372
Cash Flow from Financing Activities -151 -193 -4 45 -19 -184 170 20 -299 -167 -113
Net Cash Inflow / Outflow 16 -20 -30 -1 31 -31 -23 25 17 3 341
Closing Cash & Cash Equivalent 137 98 68 67 98 68 45 70 86 85 378

EIH 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) 1.08 2.25 1.77 3.08 2.26 2.55 -5.91 -1.56 5.03 10.22 11.82
CEPS(Rs) 4.03 4.74 4.23 5.37 4.83 5.35 -3.74 0.64 7.44 12.94 14.46
DPS(Rs) 1.1 1.1 0.9 0.9 0.9 0 0 0 1.1 1.2 1.5
Book NAV/Share(Rs) 40.99 43.1 44.13 49.47 51.36 53.82 49.64 48.4 53.96 63 73.76
Core EBITDA Margin(%) 19.78 20.74 17.08 18.7 22.22 17.39 -57.4 -0.14 29.59 36.91 33.96
EBIT Margin(%) 11.46 15.21 12.83 19.04 15.54 13.88 -85.58 -4.81 24.74 37.3 38.25
Pre Tax Margin(%) 8.69 13.5 11.66 17.6 12.75 10.4 -93.99 -8.35 22.98 36.53 37.47
PAT Margin (%) 4.02 8.61 7.74 12.25 8.23 10.35 -73.61 -8.53 16.8 26.99 28.07
Cash Profit Margin (%) 14.07 16.64 16.12 19.59 15.55 19.52 -47.42 4.09 23.05 32.22 32.97
ROA(%) 1.81 3.91 3.22 4.98 3.55 3.73 -8.39 -2.02 7.91 13.98 13.52
ROE(%) 2.8 5.84 4.65 7.18 5.07 5.39 -11.64 -2.74 10.6 18.53 18
ROCE(%) 6.77 8.96 6.81 9.64 8.12 6.19 -11.97 -1.39 14.71 25.41 24.54
Receivable days 46.5 46.63 45.65 46.21 47.55 51.88 104.83 35.83 30.73 30.83 29.24
Inventory Days 10.81 10.79 11.85 11.49 11.17 13.8 41.54 18.54 10.18 9.13 8.07
Payable days 229.9 254.43 270.84 295.05 315.42 400.55 964.88 472.8 445.15 454 400.29
PER(x) 97.05 45.72 66.74 50.75 88.01 25.27 0 0 32.92 43.91 29.86
Price/Book(x) 2.56 2.39 2.68 3.15 3.87 1.2 1.87 3.19 3.07 7.12 4.79
Dividend Yield(%) 1.03 1.05 0.75 0.57 0.44 0 0 0 0.66 0.27 0.42
EV/Net Sales(x) 3.8 3.7 4.64 5.89 6.56 2.51 12.02 9.87 4.93 10.92 7.72
EV/Core EBITDA(x) 17.67 16 20.2 23.26 25.04 10.87 -25.82 169.33 14.75 26.33 18.35
Net Sales Growth(%) 7.87 -0.56 -7.96 4.69 13.29 -11.85 -69.08 99.64 104.9 24.39 9.23
EBIT Growth(%) -18.68 32.11 -22.36 55.21 -2.16 -21.24 -290.57 88.77 1153.35 87.53 12.03
PAT Growth(%) -39.62 113.35 -17.28 65.53 -16.76 10.87 -319.98 76.86 503.54 99.82 13.6
EPS Growth(%) -41.09 107.7 -21.33 73.8 -26.6 13.14 -331.5 73.64 422.79 103.16 15.7
Debt/Equity(x) 0.18 0.13 0.14 0.17 0.18 0.15 0.11 0.11 0.02 0 0
Current Ratio(x) 0.96 0.98 1.29 1.01 1.03 1.04 1.12 0.97 1.73 2.09 2.57
Quick Ratio(x) 0.87 0.88 1.17 0.92 0.93 0.94 0.99 0.89 1.6 1.97 2.46
Interest Cover(x) 4.14 8.9 10.99 13.17 5.58 3.99 -10.18 -1.36 14.04 48.25 49.15
Total Debt/Mcap(x) 0.07 0.05 0.05 0.06 0.05 0.13 0.06 0.03 0.01 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +9% +41% +11% +5%
Operating Profit CAGR +11% +172% +26% +12%
PAT CAGR +14% +36% +28%
Share Price CAGR -23% +10% +22% +11%
ROE Average +18% +16% +7% +6%
ROCE Average +25% +22% +10% +9%

EIH Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 32.85 %
FII 6.62 %
DII (MF + Insurance) 13.87 %
Public (retail) 67.15 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 32.8532.8532.8532.8532.8532.8532.8532.8532.8532.85
FII 3.715.255.394.565.346.085.925.936.176.62
DII 14.1513.7713.6714.613.8513.6313.7714.1714.1313.87
Public 67.1567.1567.1567.1567.1567.1567.1567.1567.1567.15
Others 0000000000
Total 100100100100100100100100100100

EIH Peer Comparison

Hotel, Resort & Restaurants Edit Columns

EIH Quarterly Price

10-year quarterly close · BSE
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News & Updates

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EIH Pros & Cons

Pros

  • Company has delivered good profit growth of 36% CAGR over last 5 years
  • Debtor days have improved from 454 to 400.29days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 32.85%.
  • Stock is trading at 3.4 times its book value.
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