LEMONTREEConsumer Services

Lemon Tree Hotels Limited

Hotels & Resorts · ISIN INE970X01018 · BSE 541233 · NSE EQ · FV ₹10
Last price
₹104
+0.77%today
What this company does

Lemon Tree Hotels Limited operates in Hotels & Resorts, part of the Consumer Services sector. It booked ₹345 cr of revenue in its latest quarter (Q1 FY27) and kept 13.4% of sales as profit. It is the 7th largest of 9 Hotels & Resorts companies we track, by market value.

In the report:
55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Consumer Services, on all six measures of filed financials. Each measure is ranked against the 16–46 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)
40

At close. Not part of the score.

Profitability & returns57

How much profit it earns on the money it employs

Balance sheet20

How much it owes, and whether earnings cover the interest

Cash quality80

Whether reported profit actually arrives as cash

Growth & consistency45

Whether sales and profit have grown, and how steadily

Valuation59

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

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Sales up 9% vs last year
Profit up 20% vs last year
No promoter shares pledged
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in LEMONTREE?

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 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. 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 We do not publish price targets or predict returns.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
₹104 +0.77%
latest close · 2026-09-17
1-year return
+168.9%
52-wk low ₹3752-wk high ₹116
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 ratio44.9High
LowAverageHigh
P/B ratio5.92High
Below bookModerateHigh
EV / EBITDA16.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.2%Fair
WeakFairStrong ▸15%
Return on capital11.8%Fair
WeakFairStrong
Net margin13.4%Decent
ThinDecentStrong
EBITDA margin44.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.96Moderate
LowModerateHigh ▸1
Interest cover3.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.21Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹8,240 cr
Book value
₹18
EPS
₹0.58
latest quarter
Net debt
₹1,946 cr
owes more than its cash
Enterprise value
₹10,186 cr
EBITDA
₹607 cr
annualised
EBIT
₹463 cr
annualised
Operating margin
33.6%
Return on assets
4.3%
Earnings yield
2.23%
P/S
5.98
Sales / share
₹17.4
Tax rate
27.4%
Face value
₹10
Shares
79.2 cr
Working capital
₹76 cr
Current assets
₹429 cr
Current liabilities
₹354 cr
Delivery %
56.9%
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 2024 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 ₹21₹37, midpoint ₹29

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₹345 cr
Other Income₹2 cr
Total Income₹347 cr
Cost of Materials₹20 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹65 cr
Finance Costs₹36 cr
Depreciation & Amortisation₹36 cr
Other Expenses₹110 cr
Total Expenses₹267 cr
Profit before Tax₹79 cr
Tax Expense₹22 cr
Share of JV / Associates₹-29.3 L
Net Profit₹57 cr
Net margin on total income16.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹20 cr5.9%
Employee benefit expense₹65 cr18.7%
Finance costs₹36 cr10.5%
Depreciation & amortisation₹36 cr10.4%
Other expenses₹110 cr31.7%
Tax expense₹22 cr6.3%
Profit for the period₹57 cr16.6%
Total income ₹347 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue406 cr416 cr345 cr
Total income408 cr420 cr347 cr
Expenses278 cr275 cr267 cr
Profit before tax99 cr142 cr79 cr
Tax17 cr25 cr22 cr
Net profit (owners' share)63 cr91 cr46 cr
Net margin (owners' share, on revenue)15.4%22.0%13.4%
EPS (₹)0.791.160.58
YoY (latest quarter): total income +9.2% · net profit +20.1%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹4,285 cr
Shareholder equity
₹1,392 cr
parent shareholders
Total debt
₹2,004 cr
Cash
₹58 cr
Cash flow · H1 FY26
Operating
₹234 cr
Investing
₹-73 cr
Financing
₹-178 cr
Peer comparison
Hotels & Resorts · by market value
CompanyPriceMarket capP/E
The Indian Hotels Company Limited₹727₹1.03 L cr72.4
ITC Hotels Limited₹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 Limitedthis company₹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.
Who owns it · 2026-06-30
No pledge
Promoter
22.3%
FII / Foreign
19.4%
DII / Domestic
14.3%
Retail / others
43.8%
Promoter stake down 1.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldJagdish Kumar Chawla · Employees/Designated Employees60,000 · ₹35.3 L8 Nov 21
SoldJagdish Kumar Chawla · Employees/Designated Employees50,000 · ₹20.9 L20 Sep 21
SoldJagdish Kumar Chawla · Employees/Designated Employees3.00 L · ₹1.2 cr26 Aug 21
Bulk / block deals
short · NSE218 Aug 26
short · NSE10028 Jul 26
short · NSE123 Jul 26
Stake changes
SoldFranklin Templeton Mutual Fund→ 5.02% · 6.14 L17 Jun 26
SoldSBI Mutual fund undet its Various Schemes→ 3.13% · 4.49 L7 Apr 26
SoldPatanjali Govind Keswani along with PAC · promoter→ 22.34% · 34.00 L28 Mar 25
Promoter pledges
ReleasedAditya Birla Finance Limited61.37 L · 0.77% held27 Mar 24
ReleasedAxis Finance Limited56.78 L · 0.72% held30 Sep 22
ReleasedTata Capital Financial Services Ltd93.75 L · 8.04% held28 Dec 21
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 · 26 Oct 2025
See the official result
1
SHIFTING OF REGISTERED OFFICE OF THE COMPANY FROM “UNION TERRITORY OF DELHI” TO THE “STATE OF HARYANA”
Backed by 100% of shareholders other than promotersneeded 75%
40.54 cr votes for, 21,985 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 — 17 named members
owning 22.3% between them · as of 2026-06-30
SPANK MANAGEMENT SERVICES PRIVATE LIMITED21.12%
SPARROW BUILDWELL PRIVATE LIMITED0.86%
ILA DUBEY0.31%
LILLETTE DUBEY0.02%
TOUCAN REAL ESTATES PRIVATE LIMITED0.01%
ADITYA MADHAV KESWANIno shares
CROW REAL ESTATES PRIVATE LIMITEDno shares
GARNET HOTELS PRIVATE LIMITEDno shares
Business done with them
FY2025 · 2 of the group
The company paid ₹4 cr to companies in the promoter group last year — about 0.3% of its ₹1,286 cr revenue and received ₹3 cr back from them.
Patanjali Govind Keswani
Other payments to them · Remuneration
₹4 cr
company paid
TOUCAN REAL ESTATES PRIVATE LIMITED
Other income from them · Amount Recovered
also owns 0.01% of the company
₹3 cr
company received

The company also transacted with 19 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.