ITCHOTELSConsumer Services

ITC Hotels Limited

Hotels & Resorts · ISIN INE379A01028 · BSE 544325 · NSE EQ · FV ₹1
Last price
₹154
+0.61%today
What this company does

ITC Hotels Limited operates in Hotels & Resorts, part of the Consumer Services sector. It booked ₹936 cr of revenue in its latest quarter (Q1 FY27) and kept 19.3% of sales as profit. It is the 2nd largest of 9 Hotels & Resorts companies we track, by market value.

In the report:
65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Consumer Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 34–46 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
37

At close. Not part of the score.

Profitability & returns43

How much profit it earns on the money it employs

Balance sheet91

How much it owes, and whether earnings cover the interest

Cash quality42

Whether reported profit actually arrives as cash

Valuation74

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 19% net margin
Sales up 15% vs last year
Profit up 35% vs last year
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Low 6.2% return on equity

What if I invest in ITCHOTELS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹154 +0.61%
latest close · 2026-09-17
52-wk low ₹15042 sessions so far52-wk high ₹173
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio44.3High
LowAverageHigh
P/B ratio2.76Moderate
Below bookModerateHigh
EV / EBITDA22.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.2%Weak
WeakFairStrong ▸15%
Return on capital8.0%Fair
WeakFairStrong
Net margin19.3%Strong
ThinDecentStrong
EBITDA margin37.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover123.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.77Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹32,147 cr
Book value
₹56
EPS
₹0.87
latest quarter
Net debt
₹-34 cr
more cash than debt
Enterprise value
₹32,113 cr
EBITDA
₹1,403 cr
annualised
EBIT
₹986 cr
annualised
Operating margin
26.3%
Return on assets
5.3%
Earnings yield
2.25%
P/S
8.59
Sales / share
₹18.0
Tax rate
27.1%
Face value
₹1
Shares
208.3 cr
Working capital
₹2,081 cr
Current assets
₹3,259 cr
Current liabilities
₹1,178 cr
Delivery %
55.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹25₹62, midpoint ₹39

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹936 cr
Other Income₹59 cr
Total Income₹995 cr
Cost of Materials₹111 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹196 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹104 cr
Other Expenses₹337 cr
Total Expenses₹750 cr
Profit before Tax₹245 cr
Tax Expense₹66 cr
Share of JV / Associates₹4 cr
Net Profit₹182 cr
Net margin on total income18.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹111 cr11.1%
Employee benefit expense₹196 cr19.7%
Finance costs₹2 cr0.2%
Depreciation & amortisation₹104 cr10.4%
Other expenses₹337 cr33.7%
Tax expense₹66 cr6.6%
Profit for the period₹182 cr18.2%
Total income ₹995 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,231 cr1,254 cr936 cr
Total income1,280 cr1,306 cr995 cr
Expenses870 cr895 cr750 cr
Profit before tax326 cr415 cr245 cr
Tax90 cr101 cr66 cr
Net profit (owners' share)235 cr316 cr180 cr
Net margin (owners' share, on revenue)19.1%25.2%19.3%
EPS (₹)1.131.520.87
YoY (latest quarter): total income +15.7% · net profit +35.4%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹13,485 cr
Shareholder equity
₹11,658 cr
parent shareholders
Total debt
₹1 cr
Cash
₹35 cr
Cash flow · H1 FY26
Operating
₹293 cr
Investing
₹-372 cr
Financing
₹27 cr
Peer comparison
Hotels & Resorts · by market value
CompanyPriceMarket capP/E
The Indian Hotels Company Limited₹727₹1.03 L cr72.4
ITC Hotels Limitedthis company₹154₹32,147 cr44.3
EIH Limited₹300₹18,754 cr40.1
Chalet Hotels Limited₹842₹18,446 cr53.6
Leela Palaces Hotels & Resorts Limited₹530₹17,700 cr90.8
Ventive Hospitality Limited₹562₹13,119 cr40.6
Lemon Tree Hotels Limited₹104₹8,240 cr44.9
India Tourism Development Corporation Limited₹663₹5,684 cr150.6
Juniper Hotels Limited₹215₹4,794 cr36.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.65%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 21 May 2026
ActionDetailEx-date
Dividend₹1 / share21 May 2026
Who owns it · 2026-06-30
No pledge
Promoter
39.9%
FII / Foreign
11.6%
DII / Domestic
24.0%
Retail / others
24.6%
Smart-money activity
Bulk / block deals
short · NSE3018 Aug 26
short · NSE929 Jul 26
short · NSE1006 Jul 26
Stake changes
SoldMyddleton Investment company Ltd,→ 0.00% · 4.86 cr5 Dec 25
SoldTobacco Manufacturers (India) Limited→ 6.28% · 12.34 cr5 Dec 25
SoldRothmas International Enterprises ltd→ 0.00% · 1.55 cr5 Dec 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 18 Dec 2025
See the official result
1
Granting, offering and issuing Equity Settled Stock Appreciation Rights to the eligible employees of the Company under an Employee Stock Appreciation Rights Scheme.
Backed by 100% of shareholders other than promotersneeded 75%
90.80 cr votes for, 23.73 L against · 0% of mutual funds and other big investors said no
2
Granting, offering and issuing Equity Settled Stock Appreciation Rights to the eligible employees of the subsidiary companies of the Company under an Employee Stock Appreciation Rights Scheme.
Backed by 100% of shareholders other than promotersneeded 75%
90.89 cr votes for, 14.83 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 41 named members
owning 39.9% between them · as of 2026-06-30
ITC LIMITED39.85%
Ample Foods Private Limitedno shares
Blazeclan Europe SRL.no shares
Blazeclan Technologies Corporationno shares
Blazeclan Technologies Private limitedno shares
Blazeclan Technologies PTE Limitedno shares
Blazeclan Technologies Pty. Limitedno shares
Blazeclan Technologies SDN. BHD.no shares
Business done with them
FY2026 · 1 of the group
The company paid ₹145 cr to companies in the promoter group last year — about 3.5% of its ₹4,139 cr revenue and received ₹68 cr back from them.
ITC Limited
Bought goods from them · Sale of Goods/Services,Purchase of Goods/Services,Rent Received,Rent Paid,Remuneration of Employees on Deputation reimbursed,Reimbursement of Share Based Payments,Recovery of Share Based Payments,Expenses Recovered,Expenses Reimbursed,Issue of equity shares,Remuneration of Employees on Deputation reimbursed,Reimbursement of Share Based Payments
also owns 39.85% of the company
₹85 cr
company paid
ITC Limited
Sold goods to them · Sale of Goods/Services,Purchase of Goods/Services,Rent Received,Rent Paid,Remuneration of Employees on Deputation reimbursed,Reimbursement of Share Based Payments,Recovery of Share Based Payments,Expenses Recovered,Expenses Reimbursed,Issue of equity shares,Remuneration of Employees on Deputation reimbursed,Reimbursement of Share Based Payments
also owns 39.85% of the company
₹62 cr
company received
ITC Limited
Other payments to them · Sale of Goods/Services,Purchase of Goods/Services,Rent Received,Rent Paid,Remuneration of Employees on Deputation reimbursed,Reimbursement of Share Based Payments,Recovery of Share Based Payments,Expenses Recovered,Expenses Reimbursed,Issue of equity shares,Remuneration of Employees on Deputation reimbursed,Reimbursement of Share Based Payments
also owns 39.85% of the company
₹60 cr
company paid
ITC Limited
Other income from them · Sale of Goods/Services,Purchase of Goods/Services,Rent Received,Rent Paid,Remuneration of Employees on Deputation reimbursed,Reimbursement of Share Based Payments,Recovery of Share Based Payments,Expenses Recovered,Expenses Reimbursed,Issue of equity shares,Remuneration of Employees on Deputation reimbursed,Reimbursement of Share Based Payments
also owns 39.85% of the company
₹6 cr
company received

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.