Oriental Hotels Limited is an associate company of The Indian Hotels Company Limited (IHCL). The company has seven hotels – Taj Coromandel, Chennai; Taj Fisherman’s Cove Resort & Spa, Chennai; Taj Malabar Resort & Spa, Cochin; Vivanta Coimbatore; Vivanta Mangalore; The Gateway Hotel Pasumalai, Madurai; and Gateway Coonoor – an IHCL SeleQtions hotel.[1]
Hotels Portfolio[1]The Company has a portfolio of 7 hotels which includes 3 owned properties with the rest being leased and licensed properties as of FY22.It operates all its brands under the IHCL brands of Taj, SeleQtions, Vivanta and Gateway, the company provides management fees to IHCL for using its brands.[2][3]Out of 7 hotels, 3 are owned, 2 are leased and 2 are licensed hotels.[4]Taj Coromandel– 212 Rooms – 11 SuitesTaj Fisherman’s Cove Resort & Spa– 149 Rooms – 2 SuitesTaj Malabar Resort & Spa– 95 Rooms – 9 SuitesVivanta Coimbatore– 178 Rooms – 9 suitesThe Gateway Hotel– Pasumalai – 63 Rooms – 2 suitesGateway Coonoor– 32 Rooms – 4 suitsThe Gateway Hotel Old port road– 96 Rooms – 5 suitesNo new hotel addition is expected in the medium term in OHL’s portfolio.[3]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Indian Hotels Co | 685.60 | 57.78 | 97590.53 | 0.33 | 318.26 | -9.12 | 2040.89 | 11.76 | 17.21 | 9040.16 | 32.79 | 1687.62 | 284.92 | 8.50 | 10.98 | 0.28 |
| 2. | ITC Hotels | 187.40 | 52.89 | 39032.69 | 0.00 | 133.29 | 74.31 | 839.48 | 7.91 | 9.63 | 3731.04 | 34.40 | 737.74 | 132.77 | 3.61 | 5.67 | 0.01 |
| 3. | EIH | 341.00 | 28.01 | 21324.89 | 0.43 | 116.56 | -17.77 | 597.94 | 1.52 | 23.43 | 2799.14 | 36.48 | 762.10 | 108.02 | 4.57 | 14.70 | 0.05 |
| 4. | Chalet Hotels | 879.30 | 33.28 | 19252.59 | 0.11 | 154.82 | 211.81 | 735.31 | 95.02 | 11.13 | 2609.62 | 42.25 | 578.38 | 154.84 | 5.61 | 2.20 | 0.73 |
| 5. | Ventive Hospital | 763.35 | 76.99 | 17827.37 | 0.00 | 64.24 | 193.44 | 489.33 | 89.74 | 11.73 | 2228.71 | 44.30 | 231.49 | 52.57 | 3.60 | 3.10 | 0.52 |
| 6. | Leela Palaces Hotels | 443.20 | 85.05 | 14801.01 | 0.00 | 74.73 | 246.02 | 310.65 | 12.09 | 11.98 | 1300.57 | 45.75 | 48.04 | 74.72 | 2.38 | 0.62 | 0.28 |
| 7. | Lemon Tree Hotel | 143.00 | 51.49 | 11329.16 | 0.00 | 41.93 | 16.73 | 306.28 | 7.70 | 12.98 | 1355.75 | 48.57 | 220.06 | 34.60 | 9.18 | 6.00 | 1.67 |
| 8. | Oriental Hotels | 115.35 | 34.45 | 2060.13 | 0.44 | 20.23 | 48.39 | 138.63 | 14.24 | 13.57 | 487.52 | 26.89 | 59.82 | 20.76 | 4.68 | 6.50 | 0.42 |
| – | Median: 45 Co. | 207.6 | 34.45 | 821.38 | 0.0 | 3.6 | 16.73 | 55.71 | 7.7 | 11.98 | 193.56 | 28.44 | 19.01 | 3.6 | 3.37 | 4.19 | 0.3 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 88 | 105 | 111 | 92 | 90 | 102 | 107 | 81 | 103 | 121 | 132 | 107 | 110 | 139 |
Expenses | 65 | 73 | 79 | 70 | 71 | 73 | 81 | 70 | 78 | 87 | 93 | 82 | 84 | 97 |
Operating Profit | 23 | 32 | 32 | 22 | 20 | 28 | 27 | 11 | 24 | 34 | 39 | 25 | 26 | 41 |
Other Income | 3 | 6 | 4 | 5 | 5 | 5 | 4 | 3 | 2 | 1 | 1 | 0 | 5 | 1 |
Profit before tax | 15 | 26 | 26 | 16 | 14 | 22 | 21 | 4 | 13 | 22 | 26 | 13 | 19 | 30 |
Tax % | 29% | 29% | 31% | 26% | 26% | 25% | 22% | 14% | 32% | 35% | 33% | 34% | 33% | 33% |
Net Profit | 11 | 19 | 18 | 12 | 10 | 16 | 16 | 4 | 9 | 14 | 18 | 9 | 13 | 20 |
EPS in Rs | 0.61 | 1.05 | 1.00 | 0.68 | 0.58 | 0.92 | 0.91 | 0.20 | 0.52 | 0.78 | 0.99 | 0.49 | 0.71 | 1.13 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 298 | 300 | 309 | 333 | 357 | 345 | 290 | 116 | 219 | 393 | 391 | 438 | 488 |
Expenses | 255 | 257 | 277 | 286 | 302 | 295 | 252 | 148 | 196 | 282 | 294 | 329 | 356 |
Operating Profit | 42 | 43 | 32 | 48 | 55 | 51 | 37 | -32 | 23 | 111 | 97 | 109 | 131 |
Other Income | 4 | 7 | -3 | 11 | 12 | 107 | 11 | 7 | 7 | 15 | 17 | 7 | 8 |
Interest | 29 | 30 | 32 | 32 | 31 | 27 | 24 | 22 | 22 | 20 | 17 | 17 | 15 |
Depreciation | 28 | 25 | 24 | 25 | 28 | 28 | 28 | 29 | 26 | 23 | 24 | 33 | 35 |
Profit before tax | -10 | -6 | -26 | 2 | 9 | 102 | -4 | -75 | -19 | 83 | 73 | 65 | 89 |
Net Profit | -7 | -3 | -18 | 2 | 6 | 89 | -4 | -53 | -13 | 58 | 55 | 45 | 59 |
EPS in Rs | -0.40 | -0.17 | -1.00 | 0.09 | 0.34 | 5.01 | -0.21 | -2.99 | -0.75 | 3.27 | 3.10 | 2.49 | 3.32 |
Dividend Payout % | -136% | -239% | -20% | 0% | 0% | 10% | -94% | 0% | 0% | 15% | 16% | 20% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
Reserves | 261 | 216 | 222 | 221 | 229 | 320 | 296 | 244 | 239 | 303 | 369 | 417 | 424 |
Borrowings | 308 | 311 | 317 | 322 | 313 | 243 | 228 | 253 | 280 | 215 | 202 | 183 | 188 |
Other Liabilities | 86 | 123 | 82 | 75 | 72 | 75 | 69 | 67 | 66 | 74 | 70 | 85 | 95 |
Total Liabilities | 673 | 668 | 640 | 636 | 632 | 656 | 612 | 582 | 603 | 610 | 659 | 703 | 725 |
Fixed Assets | 447 | 450 | 407 | 391 | 376 | 395 | 396 | 372 | 355 | 380 | 388 | 481 | 480 |
Gross Block | 648.55 | 674.79 | 430.40 | 439.86 | 450.87 | 486.21 | 514.61 | 518.94 | 525.97 | 572.13 | 588.08 | 718.06 | – |
Accumulated Depreciation | 201.77 | 225.01 | 23.80 | 48.78 | 74.98 | 91.64 | 118.38 | 146.85 | 171.43 | 192.01 | 200.31 | 236.78 | – |
CWIP | 16 | 5 | 4 | 4 | 17 | 2 | 2 | 5 | 0 | 4 | 54 | 1 | 5 |
Investments | 66 | 66 | 62 | 64 | 66 | 100 | 62 | 65 | 76 | 84 | 106 | 122 | 126 |
Other Assets | 144 | 147 | 167 | 178 | 173 | 160 | 152 | 139 | 172 | 143 | 111 | 99 | 114 |
Total Assets | 673 | 668 | 640 | 636 | 632 | 656 | 612 | 582 | 603 | 610 | 659 | 703 | 725 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 46 | 48 | 22 | 42 | 51 | 35 | 45 | -22 | 29 | 102 | 89 | 99 |
Cash from Investing Activity | -25 | -15 | -4 | -1 | -17 | 78 | 40 | -1 | -32 | -7 | -53 | -53 |
Cash from Financing Activity | -21 | -38 | -18 | -32 | -40 | -98 | -65 | -0 | 4 | -105 | -40 | -46 |
Net Cash Flow | -0 | -4 | -0 | 10 | -6 | 16 | 20 | -24 | 1 | -9 | -5 | -1 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 19 | 16 | 18 | 14 | 15 | 14 | 13 | 28 | 23 | 17 | 13 | 18 |
Inventory Days | 59 | 71 | 78 | 74 | 76 | 71 | 103 | 197 | 125 | 86 | 90 | 95 |
Days Payable | 273 | 301 | 341 | 317 | 326 | 376 | 441 | 756 | 460 | 315 | 274 | 293 |
Cash Conversion Cycle | -195 | -214 | -245 | -228 | -235 | -291 | -326 | -532 | -312 | -212 | -171 | -180 |
Working Capital Days | -223 | -108 | -96 | -23 | -16 | -277 | -57 | -127 | -87 | -40 | -81 | -87 |
ROCE % | 3% | 4% | 2% | 6% | 7% | 6% | 4% | -10% | 1% | 19% | 16% | 14% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
No concalls.
Stock Analysis
Oriental Hotels Ltd. is an associate company of The Indian Hotels Company Limited (IHCL), operating a portfolio of seven hotels across India, including properties in Chennai and Cochin.
Management forecasts continued double-digit revenue growth, supported by major asset upgrades and sustained demand in key markets like Chennai and Cochin.
Currently no data available for Order Book.
Consolidated net debt increased in H1 FY26. CARE Ratings noted concentration risk in their upgrade rationale. An IT security incident was also reported.
Corporate Announcements