15 Days Price Change
| FY21 | FY22 | FY23 | FY24 | FY25 | YOY % FY25 | CAGR % FY25 | |
|---|---|---|---|---|---|---|---|
| Net Sales | 3961.6 | 4781.4 | 5463.9 | 5388.8 | 6252.8 | 16 | 12.1 |
| Total Income | 4157.4 | 4905.2 | 5601.7 | 5541.6 | 6325.9 | 14.2 | 11.1 |
| Net Profit | -4102.3 | -2139.9 | -1286.5 | 219.5 | 244.8 | 11.5 | NAN |
| Shareholder Funds | 2744.1 | 1443.6 | 582.6 | 900.7 | 3786.6 | 320.4 | 8.4 |
| Total Assets | 8751 | 8452.5 | 7932.4 | 6443.5 | 16695.3 | 159.1 | 17.5 |
| EPS | -2.93 | -1.53 | -0.92 | 0.16 | 0.17 | 6.3 |
| No Data Found |
| Type | Period / Date | Document |
|---|---|---|
| Annual Report | 2025-03 | |
| Annual Report | 2024-03 | |
| Annual Report | 2023-03 | |
| Annual Report | 2021-03 | |
| Annual Report | 2020-03 | |
| Annual Report | 2019-03 |
| Type | Period / Date | Document |
|---|
| Type | Period / Date | Document |
|---|---|---|
| DRHP | 2022-09 |
| Type | Period / Date | Document |
|---|---|---|
| Research Report | 2026-03 |
Oravel Stays Limited (OYO) is one of India’s most prominent hospitality technology platforms, operating at the intersection of travel, real estate, and consumer internet. Founded to organise India’s fragmented budget accommodation market, OYO scaled rapidly through an asset-light, partner-led model.
Following years of hyper-growth and cash burn, the company has undergone a strategic reset focused on premiumisation, cost discipline, governance strengthening, and profitability. With improving operating metrics, a cleaner balance sheet, and visible IPO preparation, OYO represents a transition-stage consumer-tech platform moving from scale-led expansion to sustainable value creation.
OYO operates a two-sided marketplace:
Supply Side: Empowers unbranded and fragmented hotel owners through branding, pricing algorithms, digital distribution, revenue management, and operational tools.
Demand Side: Provides customers with standardised, affordable, and increasingly premium accommodation options across geographies. This platform structure enables scalability without owning real estate while monetising through commissions, service fees, and technology-led yield optimisation.
Originally focused on economy hotels, OYO has deliberately repositioned itself into a multi-brand hospitality ecosystem. The introduction of PRISM LIFE (PRISM) as the corporate parent brand reflects a structural reorganisation aimed at: - Sharpening brand architecture
Supporting premium and lifestyle verticals - Reducing over-reliance on low-margin inventory. Under PRISM, OYO now spans budget, mid-scale, and premium hotels; extended stays; wedding venues (Weddingz); co-working (Innov8); and luxury getaways—while retaining OYO as the core consumer-facing brand for mass travel.
As of March 31, 2025: - Ritesh Agarwal: ~29.65% - RA Hospitality Holdings (Cayman): ~34.90%
The promoter group maintains effective control, ensuring strategic continuity.
OYO has a complex capital structure with multiple preference share series held by global investors: - SoftBank (SVF India Holdings): Largest institutional investor across Series C, C1, D, D1, and F - Patient Capital Investments (Series G) - Tanjung Buai Ventures - Microsoft Corporation (Series F2) - Airbnb Inc. (Series E)
This global investor base underscores long-term strategic interest, though it adds complexity to captable normalisation pre-IPO.
Oravel Employee Welfare Trust: ~1.41% equity, Domestic Institutional Participation: InCred Wealth and other Indian investors via Series G
allotments
Revenue and Cost Dynamics
EBITDA and Cost Rationalisation
Profit After Tax and EPS Quality
OYO’s profitability journey is real but not yet fully cash-driven; sustainability depends on execution in premium segments and partner economics.
Strengths
Weaknesses
Opportunities
Threats
Unresolved litigation poses a potential financial and reputational overhang, impacting IPO sentiment.
Recent profits are partly accounting-led; durable cash profitability remains to be proven.
Asset-light dependence limits operational control and caps margin expansion.
Multi-jurisdictional exposure adds compliance cost and earnings volatility.
Financials of the company
| Particulars | 2025 | 2024 | 2023 |
| Income | |||
|
Revenue from operations
|
62,528.30 | 53,887.89 | 54,639.45 |
| Other income | 730.58 | 1,527.96 | 1,377.59 |
| Total income (I) | 63,258.88 | 55,415.85 | 56,017.04 |
| Expenses | |||
|
Operating expenses
|
31,295.47 | 28,854.41 | 31,372.76 |
|
Employee benefits expense
|
6,160.87 | 7,443.82 | 15,488.40 |
| Finance cost | 9,591.55 | 8,438.18 | 6,815.80 |
|
Depreciation and amortization expense
|
4,835.87 | 2,003.46 | 2,802.85 |
| Other expenses | 14,711.66 | 10,517.95 | 11,517.14 |
| Total expenses | 66,595.42 | 57,257.82 | 67,996.95 |
|
Profit/(loss) before share of profit in joint ventures, exceptional items, and tax
|
-3,336.54 | -1,841.97 | -11,979.91 |
|
Share of profit after tax in joint ventures (net)
|
113.52 | 101.4 | 171.17 |
|
Profit/(loss) before exceptional items and tax
|
-3,223.02 | -1,740.57 | -11,808.74 |
|
Exceptional items
|
1,670.15 | -4,098.77 | 1,054.05 |
|
Profit/(loss) before tax
|
-4,893.17 | 2,358.20 | -12,862.79 |
| Tax | |||
| Current tax | 334.19 | 575 | 383.55 |
| Deferred tax | -7,675.58 | -512.59 | -381.16 |
|
Income tax (income)/expense
|
-7,341.39 | 62.41 | 2.39 |
|
Profit/(loss) for the year
|
2,448.22 | 2,295.79 | -12,865.18 |
| Particulars | 2025 | 2024 | 2023 |
|
Non-current assets
|
|||
|
Property, plant and equipment
|
702.5 | 522.95 | 551.8 |
|
Capital work-in-progress
|
312.16 | 11.09 | 0 |
|
Right-of-use assets
|
26,252.38 | 1,794.58 | 946.25 |
| Goodwill | 56,246.94 | 27,704.83 | 24,238.38 |
|
Other intangible assets
|
49,273.74 | 14,376.31 | 15,267.77 |
|
Intangible assets under development
|
1.09 | 1.37 | 3.74 |
|
Investment in joint ventures
|
2,498.84 | 2,958.13 | 3,477.48 |
| Financial | |||
| (i) Investments | 17.89 | 14.09 | 750.96 |
|
(ii) Other financial assets
|
1,539.52 | 746.61 | 9,285.60 |
|
Non-current tax assets (net)
|
1,084.70 | 1,030.36 | 1,261.04 |
|
Other non-current assets
|
1,126.65 | 714.19 | 596.94 |
|
Deferred tax assets (net
|
6,633.85 | 342.57 | 0 |
|
Total non-current assets
|
145,690.26 | 50,217.08 | 56,379.96 |
| Current assets | |||
| Financial assets | |||
| (i) Investments | 2,808.14 | 1,581.17 | 872.78 |
|
(ii) Trade receivables
|
4,877.84 | 2,029.54 | 1,582.66 |
|
(iii) Cash and cash equivalents
|
6,843.96 | 4,058.47 | 7,267.59 |
|
(iv) Bank balances other than cash and cash equivalents
|
285.67 | 3,039.60 | 9,503.35 |
|
(v) Other financial assets
|
2,589.94 | 1,516.38 | 1,498.78 |
|
Other current assets
|
3,857.41 | 1,992.49 | 2,219.20 |
|
Total current assets
|
21,262.96 | 14,217.65 | 22,944.36 |
| Total assets | 166,953.22 | 64,434.73 | 79,324.32 |
|
Equity and liabilities
|
|||
| Equity | |||
|
Equity share capital
|
6,787.35 | 1,349.87 | 1,328.12 |
| Other equity | 40,894.30 | 17,258.27 | 1,328.12 |
|
Equity attributable to the equity holders of the parent
|
47,681.65 | 18,608.14 | 15,921.79 |
|
Non-controlling interests
|
-9,815.43 | -9,600.82 | -10,096.05 |
| Total equity | 37,866.22 | 9,007.32 | 5,825.74 |
| Liabilities | |||
|
Non-current liabilities
|
|||
|
Financial liabilities
|
|||
| (i) Borrowings | 69,887.84 | 35,567.90 | 50,050.46 |
|
(ii) Lease liabilities
|
21,290.94 | 1,625.58 | 1,069.54 |
|
(iii) Other financial liabilities
|
1,548.06 | 143.47 | 225.42 |
| Provisions | 113.65 | 106.56 | 89.02 |
|
Deferred tax liabilities (net)
|
9,316.42 | 2,767.68 | 2,839.24 |
|
Other non-current liabilities
|
1,060.00 | 34.65 | 29.81 |
|
Total non-current liabilities
|
103,216.91 | 40,245.84 | 54,303.49 |
|
Current liabilities
|
|||
|
Financial liabilities
|
|||
| (i) Borrowings | 1,552.67 | 461.82 | 664.46 |
|
(ii) Lease liabilities
|
5,715.84 | 785.97 | 1,561.60 |
|
(iii) Trade payables
|
|||
|
(a) total outstanding dues of micro and small enterprises
|
65.33 | 22.61 | 37.57 |
|
(b) total outstanding dues of creditors other than micro and small enterprises
|
12,336.68 | 9,610.23 | 9,313.02 |
|
(iv) Other financial liabilities
|
3,246.88 | 1,349.79 | 4,384.09 |
| Provisions | 69.9 | 67.01 | 82.27 |
|
Current tax liabilities (net)
|
423.88 | 311.29 | 162.86 |
|
Other current liabilities
|
2,458.91 | 2,572.85 | 2,989.22 |
|
Total current liabilities
|
25,870.09 | 15,181.57 | 19,195.09 |
| Total liabilities | 129,087.00 | 55,427.41 | 73,498.58 |
|
Total equity and liabilities
|
166,953.22 | 64,434.73 | 79,324.32 |
| Particulars | 2025 | 2024 | 2023 |
|
Net cash flows from operating activities
|
3,212.51 | 5,982.25 | 1,418.35 |
|
Net cash flows from/(used in) investing activities
|
-42,121.43 | 14,249.02 | -1,088.25 |
|
Net cash flows from/(used in) financing activities
|
41,598.45 | -24,131.87 | -7,047.22 |
Oravel Stays Limited has successfully transitioned from a growth-first startup to a more disciplined hospitality platform. While risks around profitability, quality, legal overhangs, and competitive intensity persist, OYO’s scale, brand, and technology stack provide meaningful strategic advantages. For long-term investors, OYO represents a turnaround-stage consumer-tech opportunity with asymmetric upside contingent on execution and governance maturity.
Yes trading in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market through various platforms like Sharescart.com.
No, SEBI does not regulate the unlisted share market but certain rules and regulations of SEBI are applicable in the unlisted market space as well, such as, the DP charges for each transaction, stamp duty, lock-in period and more.
You will get the best price for Oravel Stays Limited and a hassle-free buying experience only on Sharescart.com platform.
Oravel Stays Limited's unlisted shares can be easily purchased at Sharescart.com by following a few easy steps. Given below are the steps involved in the buying of these shares:
Step 1 - Confirm the number of shares you want to buy/sell of at the trading price.
Step 2 - Submit necessary documents like the Client Master Report (CMR) or additional documents (PAN, canceled cheque) if using a secondary bank account.
Step 3 - Transfer the trade amount to the account details shared by Sharescart.com.
Step 4 - Shares of will reflect in your Demat account within 24 hours after full payment (subject to holidays).
Oravel Stays Limited's unlisted shares can be easily sold at Sharescart.com by following a few easy steps. Given below are the steps involved in the of selling of these shares:
Step 1- Confirmation on the number of shares you want to sell of Oravel Stays Limited and at what price you want to sell.
Step 2- At Sharescart, we will find a suitable buyer for you according to your requirements and if you accept the trade we will move on to the transfer and the payment aspect of the trade.
Step 3- The Sharescart representative will provide you with the Demat account details to transfer your Oravel Stays Limited shares. They will also notify you about the additional details required from your end before the transfer of shares such as client master copy, delivery instruction slip, and more.
Step 4- Once the transfer is complete, the payment would be credited to your bank account within 24 hours, depending on the holidays.
Over the years, the minimum ticket size for investment has dropped as more and more people have started investing in the Unlisted market. Currently, the minimum ticket size for Oravel Stays Limited is between 24,000 to 29,000.
Brokers or dealers provide you with a trading facility means you can buy and sell shares with your broker but when you buy shares the Depository holds your shares. There are mainly two depositories NSDL and CDSL.
If you want to check your shares in NSDL and CDSL you need to download the application (NSDL Speede App or CDSL myeasi).
The taxation on the Oravel Stays Limited shares may vary depending on 2 Factors:
Short-term capital
Unlisted shares - In unlisted shares, the taxation of short-term capital gain i.e. less than 24 months is taxable according to the investor's income tax slab.
Listed Shares - In listed shares, the taxation for short-term capital gains i.e. less than 12 months is at 20% without indexation benefits.
Long-term capital
Unlisted shares - The taxation for long-term capital gain i.e. more than 24 months is taxable at 12.5% without indexation benefits.
Listed Shares - The taxation for long-term capital gains i.e. more than 12 months is at 12.5% after an exemption of 1.25 lakh.
According to the current rule issued by SEBI last year in August 2021, the lock-in period is brought down from 1 year to 6 months. This was done to entice more investors to invest their money in pre-IPO companies and startups. The lock-in period of Oravel Stays Limited varies depending on which type of investor you are:
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