Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹4784 Cr.
Stock P/E
33.8
P/B
1.6
Current Price
₹215
Book Value
₹ 130.4
Face Value
10
52W High
₹291
52W Low
₹ 189
Dividend Yield
0%

Juniper Hotels Overview

Business

Juniper Hotels Ltd. is a luxury hotel development and ownership company in India. It operates as a joint venture between Saraf Hotels Ltd. and Hyatt Hotels Corporation. The company owns and asset-manages a portfolio of premium hotels, primarily under the globally recognized Hyatt brand. Its core business model revolves around generating revenue from accommodation (room sales), food and beverage services, banqueting, and events. The company focuses on the upscale and luxury segments of the hospitality market, catering to both business and leisure travelers.

Revenue Mix

The company's revenue is primarily derived from its hospitality operations. While specific breakdowns are not publicly detailed, the main revenue streams include:

Accommodation: Room tariffs from guests staying at its various hotel properties. This typically forms the largest portion.

Food & Beverage (F&B): Sales from restaurants, bars, in-room dining, and catering services within its hotels.

Banquets & Events: Revenue from hosting conferences, weddings, social gatherings, and other MICE (Meetings, Incentives, Conferences, Exhibitions) events.

Other Ancillary Services: Income from spas, fitness centers, laundry, and other guest services.

Industry

Juniper Hotels operates in the dynamic Indian Hotel, Resort & Restaurants sector. This industry is characterized by strong growth driven by increasing domestic tourism, rising disposable incomes, business travel, and a burgeoning MICE segment. The industry is competitive, with a mix of large international chains, domestic brands, and independent operators. Juniper Hotels is positioned in the luxury and upper-upscale segments, leveraging the global brand recognition, operational expertise, and loyalty programs of Hyatt. Its joint venture structure provides it with an advantage in terms of development, branding, and management capabilities compared to independent luxury operators.

MOAT

Juniper Hotels possesses several competitive advantages:

Brand Leverage: Access to the globally renowned Hyatt brand, which offers strong brand recall, a robust global distribution network, and a loyal customer base through the World of Hyatt program.

Operational Expertise: Benefits from Hyatt's extensive experience in luxury hotel management, revenue management, and guest service standards.

Strategic Locations & Asset Quality: Ownership of strategically located, high-quality luxury properties in key metro cities and tourist destinations across India.

Joint Venture Structure: The partnership with Hyatt Hotels Corporation provides a unique competitive edge in terms of capital access, market insights, and integrated development strategies.

Growth Drivers

Key factors that can drive Juniper Hotels' growth over the next 3-5 years include:

Rising Tourism & Business Travel: Continued growth in both domestic and international tourism, alongside increased corporate travel and MICE events in India.

Increased Disposable Incomes: Growing middle and affluent classes in India lead to higher discretionary spending on leisure and luxury travel.

Strategic Expansion: Potential for adding new properties or expanding existing ones in high-demand markets, enhancing its room inventory and market presence.

Operational Efficiencies: Focus on improving operational metrics like Average Room Rate (ARR) and Occupancy, leading to RevPAR (Revenue Per Available Room) growth.

Post-Pandemic Recovery: Continued normalization of travel and hospitality demand post the global pandemic impacts.

Risks

Economic Downturns: Recessions or significant slowdowns in economic growth can reduce discretionary spending on travel and impact business travel, leading to lower occupancy and room rates.

Pandemics/Health Crises: Future health emergencies can severely disrupt the travel and hospitality industry, leading to closures or reduced demand.

Intense Competition: The entry of new players or aggressive pricing strategies by existing competitors can put pressure on profitability.

High Capital Expenditure: The hospitality business is capital-intensive, requiring significant investment for new developments, renovations, and maintenance.

Geopolitical & Regulatory Risks: Unforeseen geopolitical events, changes in government policies, taxation, or tourism regulations can impact business operations.

Interest Rate Fluctuations: Higher interest rates can increase borrowing costs for expansion or refinancing existing debt.

Management & Ownership

Juniper Hotels Ltd. is a joint venture between the Saraf Hotels Ltd. group, an established Indian hospitality developer, and Hyatt Hotels Corporation, a global hospitality giant. This unique ownership structure brings together deep local market understanding and development expertise from the Saraf group with global brand power, operational excellence, and distribution strength from Hyatt. The management team is expected to comprise experienced professionals from both parent entities, ensuring robust governance and professional management in line with global hospitality standards.

Outlook

Juniper Hotels is well-positioned in the growing Indian luxury hospitality market, benefiting significantly from its strategic partnership with Hyatt Hotels. The company's focus on high-quality assets in prime locations, coupled with the brand strength and operational acumen of Hyatt, presents a strong growth potential driven by India's rising tourism and economic expansion.

However, the sector remains susceptible to broader economic cycles, unforeseen global events, and intense competition. The capital-intensive nature of hotel ownership also means a continuous need for investment and efficient capital allocation. While the brand leverage and professional management mitigate some risks, sustained profitability will depend on effective demand management, cost control, and successful execution of expansion plans in a dynamic market environment.

Juniper Hotels Share Price

Live · BSE / NSE · Inception: 1985
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Juniper Hotels Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 245 200 215 252 278 221 230 295 301 250
Other Income 3 5 8 8 9 7 5 5 5 3
Total Income 248 205 223 261 287 227 235 300 307 252
Total Expenditure 154 137 150 160 161 141 148 168 169 163
Operating Profit 94 68 73 101 126 86 87 132 138 89
Interest 61 28 26 30 24 22 30 22 22 18
Depreciation 26 27 27 28 28 29 30 28 26 26
Exceptional Income / Expenses 0 0 0 0 0 -17 -4 1 -23 0
Profit Before Tax 7 13 20 44 73 18 24 83 67 45
Provision for Tax -40 1 48 11 19 9 7 18 16 12
Profit After Tax 47 12 -28 32 55 9 17 65 50 33
Adjustments 0 -0 -0 -0 0 -0 0 0 -0 0
Profit After Adjustments 47 12 -28 32 55 9 17 65 50 33
Adjusted Earnings Per Share 2.1 0.5 -1.3 1.5 2.5 0.4 0.8 2.9 2.3 1.5

Juniper Hotels Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 328 378 467 544 539 166 309 667 818 944 1048 1076
Other Income 2 52 1 3 12 27 35 50 9 31 22 18
Total Income 330 430 468 546 550 193 344 717 826 976 1069 1094
Total Expenditure 230 256 353 366 369 171 242 395 507 608 625 648
Operating Profit 101 174 114 181 182 22 101 322 320 368 444 446
Interest 47 124 179 184 207 186 216 266 265 109 97 92
Depreciation 20 44 96 103 110 105 100 82 91 109 112 110
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 -43 -26
Profit Before Tax 33 6 -160 -106 -135 -269 -214 -26 -37 150 192 219
Provision for Tax 11 1 -65 -8 -57 -70 -26 -24 -61 79 50 53
Profit After Tax 22 6 -96 -98 -79 -199 -188 -1 24 71 142 165
Adjustments 0 0 0 0 0 0 0 0 -0 -0 -0 0
Profit After Adjustments 22 6 -96 -98 -79 -199 -188 -1 24 71 142 165
Adjusted Earnings Per Share 1.5 0.4 -6.6 -6.8 -5.5 -13.9 -13.1 -0.1 1.1 3.2 6.4 7.5

Juniper Hotels Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 444 1015 920 822 743 544 356 355 2655 2727 2868
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1507 1271 1613 1649 1652 1769 2057 2009 403 980 664
Other Non-Current Liabilities 64 219 152 134 401 357 339 355 269 374 435
Total Current Liabilities 196 497 286 274 313 328 238 198 796 241 300
Total Liabilities 2210 3002 2971 2879 3110 2997 2990 2917 4123 4321 4267
Fixed Assets 859 2734 2726 2647 2557 2470 2830 2739 3467 3633 3584
Other Non-Current Assets 1179 208 163 141 479 460 75 95 137 345 486
Total Current Assets 148 60 81 91 74 68 85 83 519 343 198
Total Assets 2210 3002 2971 2879 3110 2997 2990 2917 4123 4321 4267

Juniper Hotels Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 3 3 3 7 2 11 16 6 10 418 14
Cash Flow from Operating Activities 70 491 133 158 224 54 -36 286 327 309 394
Cash Flow from Investing Activities -234 -208 -53 -19 -19 -8 -63 28 -76 -678 -37
Cash Flow from Financing Activities 164 -282 -76 -144 -195 -41 90 -311 155 -36 -360
Net Cash Inflow / Outflow -0 0 4 -4 9 4 -9 3 406 -404 -3
Closing Cash & Cash Equivalent 3 3 7 2 11 16 6 10 418 14 11

Juniper Hotels Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.51 0.38 -6.65 -6.83 -5.48 -13.88 -13.09 -0.1 1.07 3.2 6.36
CEPS(Rs) 2.93 3.43 0.02 0.32 2.18 -6.55 -6.13 5.57 5.17 8.12 11.41
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 28.77 70.67 64.03 57.2 51.72 37.85 24.8 24.67 119.34 122.55 128.92
Core EBITDA Margin(%) 29.97 32.27 24.29 32.77 31.55 -2.58 21.51 40.78 38.04 35.65 40.33
EBIT Margin(%) 24.38 34.5 3.97 14.36 13.27 -50.01 0.5 36.12 27.94 27.38 27.54
Pre Tax Margin(%) 10.02 1.59 -34.32 -19.46 -25.14 -161.95 -69.36 -3.83 -4.49 15.88 18.32
PAT Margin (%) 6.59 1.46 -20.47 -18.06 -14.62 -119.92 -60.91 -0.22 2.91 7.55 13.52
Cash Profit Margin (%) 12.83 13.04 0.07 0.86 5.81 -56.56 -28.54 12 14.06 19.14 24.22
ROA(%) 1.07 0.21 -3.2 -3.36 -2.63 -6.53 -6.28 -0.05 0.68 1.69 3.3
ROE(%) 5.22 0.77 -9.87 -11.27 -10.06 -31 -41.77 -0.42 1.58 2.65 5.06
ROCE(%) 4.57 5.71 0.71 3 2.84 -3.42 0.06 9.87 7.66 7.07 7.85
Receivable days 17.45 19.28 22.75 26.37 25.67 62.13 31.64 20.35 23.29 22.15 19.11
Inventory Days 9.26 11.6 12.3 8.53 6.62 16.28 7.6 3.92 3.78 3.74 3.59
Payable days 648.01 628.98 604.72 565.5 699.97 3136.1 1359.15 529.23 685.64 621.43 450.07
PER(x) 0 0 0 0 0 0 0 0 480.36 78.17 29.85
Price/Book(x) 0 0 0 0 0 0 0 0 4.31 2.04 1.47
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 4.99 4.63 3.96 3.47 3.43 11.88 7.29 3.27 14.57 6.96 4.73
EV/Core EBITDA(x) 16.29 10.04 16.16 10.42 10.17 89.01 22.18 6.76 37.27 17.86 11.16
Net Sales Growth(%) 18.16 15.19 23.53 16.47 -0.87 -69.13 85.56 116.03 22.62 15.48 10.95
EBIT Growth(%) 15.56 62.98 -85.78 321.03 -8.42 -216.35 101.84 0 -5.13 13.17 11.59
PAT Growth(%) -22.79 -74.55 -1834.71 -2.75 19.78 -153.28 5.74 99.2 1689.07 199.56 98.65
EPS Growth(%) -22.79 -74.55 -1834.71 -2.75 19.78 -153.28 5.74 99.2 1126.39 199.56 98.65
Debt/Equity(x) 3.69 1.59 1.86 2.13 2.31 3.41 5.95 5.77 0.34 0.37 0.26
Current Ratio(x) 0.76 0.12 0.28 0.33 0.24 0.21 0.36 0.42 0.65 1.43 0.66
Quick Ratio(x) 0.72 0.09 0.23 0.3 0.22 0.19 0.33 0.38 0.64 1.38 0.62
Interest Cover(x) 1.7 1.05 0.1 0.42 0.35 -0.45 0.01 0.9 0.86 2.38 2.99
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0.08 0.18 0.17

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +11% +16% +45% +12%
Operating Profit CAGR +21% +11% +82% +16%
PAT CAGR +100% — — +20%
Share Price CAGR -24% — — —
ROE Average +5% +3% -7% -8%
ROCE Average +8% +8% +7% +4%

Juniper Hotels Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 77.53 %
FII 4.46 %
DII (MF + Insurance) 12.18 %
Public (retail) 5.82 %
Others 0.01 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 77.5377.5377.5377.5377.5377.5377.5377.5377.5377.53
FII 10.7210.579.919.387.417.37.295.034.494.46
DII 9.349.569.679.6510.710.810.7612.4612.5112.18
Public 2.412.342.893.444.364.374.434.985.465.82
Others 0000000000
Total 100100100100100100100100100100

Juniper Hotels Peer Comparison

Hotel, Resort & Restaurants Edit Columns

Juniper Hotels Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Juniper Hotels Pros & Cons

Pros

  • Debtor days have improved from 621.43 to 450.07days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Company has a low return on equity of 3% over the last 3 years.
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