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Company Information

Incorporated on 21 February 2012, Oravel Stays Limited owns and operates the popular hospitality start-up called the OYO Rooms. OYO is a global platform that enables people to find and book affordable and trusted accommodation that is stacked with facilities and technologies to make their customers feel at home and ease their operations. Oyo Rooms provide its customers with facilities such as air-conditioned rooms, breakfast, WiFi, washroom, cable television, spotless linen, and more. Since its incorporation, the company focuses on tackling the key pain points of both the patrons (hospitality owners, lessors, and operators of storefronts listed on the platform) as well as their customers and resolving them to give a smooth experience to everyone. This unique business model helps patrons to figure out and transform the unbranded and under-utilized hospitality assets into branded ones and generate higher revenue by offering customers access to high-quality accommodations at compelling prices.

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OYO Key Financials

Market Cap ₹ 37135Cr.

Current Price ₹ 26.5

Lot Size 1000

52W High ₹ 29

EPS 0.17

P/B 9.8

Face Value 1

Debt to Equity 1.89

Stock P/E 151.7

Book Value ₹ 2.7

Company

52W Low ₹ 20

Demat Account Both

ISIN INE561T01021

Valuation

No. of Shares 1401.31Cr.

OYO Unlisted Share Price Today (Live)

₹ | |

Price

OYO Discussion Board

User
vinod kumar fatehpuria huf
can buy 200 shares at 51, pls inform
2 | | 4 months
    User
    Manika Bhalla
    Hi Vinod Kumar, Thank you for reaching out. You may contact our buying team for further assistance at +91 9266479647
    | | 1 months
User
GOPAL THAKOR
Company has recorded PAT 457Cr
| | 11 months
User
sushant patangay
Buyer at 50,000 shares @49
1 | | 1 years
User
LOKESH MANIVANNAN
I want to sell 1000 Oyo shares
1 | | 1 years
    User
    ashish bhavsar
    8160420973
    | | 1 years
User
Girish B
is OYO entering into an office space handling related business
| | 1 years
User
Girish B
is ashish kacholia also invested in this compnay
| | 1 years
User
Girish B
any latets news on IPO plans
| | 1 years
User
Rishabh Dwivedi
oyo ipo listing date what is the estimate
| | 1 years
    User
    Shiva Chaudhary
    The exact date for OYO's IPO has not been confirmed, but it is expected to go public soon as the company continues to improve its financials and achieve profitability in preparation for the listing.
    | | 1 years
User
Naval Goel
is oyo ipo approved by SEBI?
| | 1 years
    User
    Umesh Kumar
    Oyo has made the decision to retract its preliminary IPO documents. This strategic move is advantageous as it positions the company to pursue the IPO at a heightened valuation, supported by a positive PAT.
    | | 1 years
User
Umesh Kumar
Any news of Oyo's IPO?
2 | | 1 years
    User
    Akhilesh Kumar
    Ritesh Agarwal is planning for an IPO. It can come by the end of this financial year or next year
    4 | | 1 years

OYO Financial Data

All figures are in Crores (₹)
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

Net Sales (in cr.)

Total Income (in cr.)

Net Profit (in cr.)

Operating Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

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

OYO Investment Thesis

Company Profile

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.

Two-Sided Technology Platform

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.

Strategic Evolution: From Budget Aggregator to Lifestyle Platform


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.

Shareholding Structure

Promoter Holding

As of March 31, 2025: - Ritesh Agarwal: ~29.65% - RA Hospitality Holdings (Cayman): ~34.90%
The promoter group maintains effective control, ensuring strategic continuity.

Institutional and Strategic Investors (FII/Strategic)

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.

ESOP and Domestic Participation

Oravel Employee Welfare Trust: ~1.41% equity, Domestic Institutional Participation: InCred Wealth and other Indian investors via Series G
allotments

Financial Performance and Profitability Trajectory


Revenue and Cost Dynamics

  • Revenue recovery from FY22–FY23 driven by post-COVID travel rebound and inventory expansion
  • Marginal revenue decline in FY24 due to exit from low-margin properties
  • Strong rebound in FY25 led by premium hotels, company-serviced properties, and pricing discipline


EBITDA and Cost Rationalisation

  • Sharp reduction in EBITDA losses between FY21 and FY23 due to layoffs, contract exits, and cost control
  • EBITDA turned positive in FY24
  • FY25 EBITDA moderated as scaling costs increased, indicating early but fragile operating leverage


Profit After Tax and EPS Quality

  • PAT turned positive in FY24, aided by deferred tax recognition
  • FY25 profits improved modestly but remain sensitive to non-operational items
  • EPS improvement reflects loss reduction more than structural earnings power

OYO’s profitability journey is real but not yet fully cash-driven; sustainability depends on execution in premium segments and partner economics.

SWOT Analysis

Strengths

  • Scalable, asset-light platform
  • Strong brand recall
  • Global footprint with local execution
  • Improved cost discipline and governance

Weaknesses

  • Dependence on third-party hotel partners
  • Thin margins in the budget segment
  • Complex capital structure

Opportunities

  • Premium and lifestyle hospitality expansion
  • International monetisation
  • Operating leverage through technology
  • IPO-led re-rating

Threats

  • Intense competition from hotel chains and OTAs
  • Regulatory and legal risks
  • Margin pressure from price-sensitive customers

Key Risks

  • Legal Risk – Zostel Dispute

Unresolved litigation poses a potential financial and reputational overhang, impacting IPO sentiment.

  • Profitability Sustainability

Recent profits are partly accounting-led; durable cash profitability remains to be proven.

  • Partner Execution Risk

Asset-light dependence limits operational control and caps margin expansion.

  • Global Regulatory and Geopolitical Risk

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

Conclusion

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.

Frequently Asked Questions

OYO Unlisted Shares: FAQs

1. Is trading in Oravel Stays Limited's unlisted shares legal in India?

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.

2. Is unlisted shares regulated by SEBI?

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.

3. Where can I get the best Oravel Stays Limited unlisted share price?

You will get the best price for Oravel Stays Limited and a hassle-free buying experience only on Sharescart.com platform.

4. How can I buy Oravel Stays Limited's unlisted shares?

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).

5. How can I sell Oravel Stays Limited unlisted shares?

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.

6. What is the minimum ticket size for investment in Oravel Stays Limited unlisted shares?

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.

7. How to check if Oravel Stays Limited shares are credited to my account?

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).

  • You need to download the Application.
  • Login or Register yourself.
  • Fill in your DP Id and Client Id (NSDL DP Id starts with IN and CDSL DP & Client Id in numeric).
  • After registration, log on to your account and go to Dashboard.
  • You can see all your holding (Listed, Unlisted, Mutual Fund) there.

8. What will be the tax bearing on Oravel Stays Limited?

The taxation on the Oravel Stays Limited shares may vary depending on 2 Factors:

  • Short-term capital or long-term capital.
  • Pre-IPO stage (unlisted shares) or Post-IPO stage (listed shares)

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.

9. What is the lock-in period of Oravel Stays Limited shares?

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:

  • Foreign Venture Capital Investor - These investors have a lock-in period of 6 months from the procurement date of Oravel Stays Limited shares.
  • Alternative Investment Funds II - These investors don't have to serve any lock-in period.
  • Other investors - These investors include body corporate, retail, high net-worth individuals. The lock-in period for them is 6 months from the date of listing of Oravel Stays Limited enlisted shares.

10. How to check Oravel Stays Limited unlisted share price daily?

You can check daily share prices of companies on our website or register with us using your phone number where you will get daily whatsapp updates on company news and other essential informations.

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