EIH is primarily engaged in owning and managing premium luxury hotels and cruisers under the luxury Oberoi, Trident and Maidens brands. The Company is also engaged in flight catering, airport restaurants, project management and corporate air charters.(Source : 202003 Annual Report Page No:124)
Pioneer of Luxury Hotels in India[1]EIH Ltd is the flagship company of the Oberoi group founded by the Late Rai Bahadur M.S. Oberoi. EIH operatesluxury and premium hotels under the Oberoi and Trident brands.Its offerings include luxury resorts, leisure destinations, and business accommodations, supplemented by luxury boats and cruise services.
| 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 | 684.15 | 57.65 | 97384.14 | 0.33 | 318.26 | -9.12 | 2040.89 | 11.76 | 17.21 | 9040.16 | 32.79 | 1687.62 | 284.92 | 8.49 | 10.98 | 0.28 |
| 2. | ITC Hotels | 187.00 | 52.78 | 38949.38 | 0.00 | 133.29 | 74.31 | 839.48 | 7.91 | 9.63 | 3731.04 | 34.40 | 737.74 | 132.77 | 3.62 | 5.67 | 0.01 |
| 3. | EIH | 341.40 | 30.49 | 21349.91 | 0.43 | 103.47 | -15.78 | 530.37 | 1.85 | 21.88 | 2472.35 | 35.78 | 700.12 | 97.65 | 4.96 | 14.50 | 0.04 |
| 4. | Chalet Hotels | 870.30 | 32.93 | 19055.55 | 0.11 | 154.82 | 211.81 | 735.31 | 95.02 | 11.13 | 2609.62 | 42.25 | 578.38 | 154.84 | 5.55 | 2.20 | 0.73 |
| 5. | Ventive Hospital | 763.75 | 77.03 | 17836.71 | 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 | 437.55 | 83.98 | 14612.32 | 0.00 | 147.88 | 171.43 | 457.43 | 23.48 | 11.98 | 1467.59 | 47.62 | 354.33 | 153.33 | 2.36 | 0.62 | 0.28 |
| 7. | Lemon Tree Hotel | 142.50 | 51.31 | 11289.54 | 0.00 | 41.93 | 16.73 | 306.28 | 7.70 | 12.98 | 1355.75 | 48.57 | 220.06 | 34.60 | 9.14 | 6.00 | 1.67 |
| – | Median: 45 Co. | 208.0 | 36.86 | 846.45 | 0.0 | 3.6 | 16.73 | 55.71 | 7.7 | 11.76 | 193.56 | 28.44 | 19.01 | 3.6 | 3.37 | 4.19 | 0.28 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 356 | 512 | 563 | 427 | 465 | 652 | 649 | 456 | 521 | 695 | 728 | 519 | 530 |
Expenses | 278 | 332 | 337 | 301 | 341 | 372 | 392 | 347 | 369 | 393 | 422 | 378 | 395 |
Operating Profit | 78 | 180 | 226 | 126 | 124 | 280 | 257 | 109 | 152 | 303 | 306 | 141 | 135 |
Other Income | -1 | -9 | 13 | 28 | 24 | 6 | -17 | 40 | 35 | 25 | 133 | -58 | 50 |
Profit before tax | 40 | 136 | 203 | 120 | 114 | 251 | 207 | 114 | 151 | 292 | 405 | 49 | 150 |
Tax % | 33% | 24% | 28% | 25% | 25% | 26% | 23% | 25% | 24% | 25% | 18% | 26% | 31% |
Net Profit | 27 | 104 | 147 | 90 | 85 | 187 | 159 | 85 | 114 | 220 | 332 | 36 | 103 |
EPS in Rs | 0.43 | 1.66 | 2.34 | 1.44 | 1.36 | 2.99 | 2.54 | 1.36 | 1.83 | 3.51 | 5.31 | 0.58 | 1.65 |
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 | 1,239 | 1,335 | 1,420 | 1,278 | 1,350 | 1,543 | 1,350 | 433 | 861 | 1,774 | 2,193 | 2,400 | 2,472 |
Expenses | 998 | 1,067 | 1,149 | 1,084 | 1,130 | 1,221 | 1,123 | 706 | 879 | 1,209 | 1,406 | 1,522 | 1,588 |
Operating Profit | 241 | 268 | 271 | 194 | 220 | 322 | 227 | -273 | -18 | 565 | 788 | 878 | 885 |
Other Income | 44 | 38 | 31 | 59 | 82 | 11 | 66 | -9 | 34 | 16 | 41 | 224 | 149 |
Interest | 41 | 31 | 23 | 14 | 20 | 46 | 50 | 40 | 34 | 29 | 16 | 16 | 15 |
Depreciation | 99 | 124 | 114 | 110 | 109 | 123 | 134 | 120 | 115 | 115 | 121 | 124 | 123 |
Profit before tax | 145 | 151 | 165 | 128 | 174 | 164 | 109 | -443 | -133 | 437 | 692 | 962 | 896 |
Net Profit | 95 | 97 | 109 | 97 | 112 | 113 | 124 | -343 | -118 | 320 | 521 | 751 | 691 |
EPS in Rs | 1.52 | 1.55 | 1.74 | 1.54 | 1.80 | 1.81 | 1.99 | -5.49 | -1.89 | 5.12 | 8.33 | 12.01 | 11.05 |
Dividend Payout % | 66% | 65% | 58% | 53% | 46% | 45% | 0% | 0% | 0% | 21% | 14% | 12% | – |
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 | 114 | 114 | 114 | 114 | 114 | 114 | 114 | 125 | 125 | 125 | 125 | 125 | 125 |
Reserves | 2,533 | 2,543 | 2,574 | 2,654 | 2,702 | 2,741 | 2,805 | 2,801 | 2,683 | 2,993 | 3,444 | 4,120 | 4,165 |
Borrowings | 283 | 210 | 255 | 296 | 439 | 480 | 533 | 394 | 452 | 211 | 158 | 156 | 153 |
Other Liabilities | 483 | 499 | 415 | 415 | 528 | 517 | 461 | 337 | 363 | 524 | 606 | 673 | 642 |
Total Liabilities | 3,413 | 3,367 | 3,357 | 3,479 | 3,782 | 3,852 | 3,914 | 3,657 | 3,623 | 3,853 | 4,333 | 5,074 | 5,085 |
Fixed Assets | 2,068 | 1,947 | 1,683 | 1,568 | 2,021 | 2,049 | 2,328 | 2,217 | 2,226 | 2,225 | 2,249 | 2,241 | 2,236 |
Gross Block | 2,864.44 | 2,847.63 | 1,794.75 | 1,785.55 | 2,329.58 | 2,460.38 | 2,866.28 | 2,871.97 | 2,902.76 | 3,009.07 | 3,132.61 | 3,214.01 | – |
Accumulated Depreciation | 796.36 | 900.92 | 111.78 | 217.59 | 308.78 | 410.92 | 538.65 | 654.88 | 676.64 | 784.40 | 883.52 | 972.59 | – |
CWIP | 46 | 86 | 105 | 313 | 134 | 64 | 113 | 152 | 43 | 86 | 157 | 286 | 365 |
Investments | 704 | 729 | 699 | 764 | 763 | 829 | 812 | 776 | 719 | 718 | 691 | 929 | 965 |
Other Assets | 595 | 606 | 870 | 834 | 864 | 910 | 661 | 512 | 636 | 825 | 1,236 | 1,618 | 1,519 |
Total Assets | 3,413 | 3,367 | 3,357 | 3,479 | 3,782 | 3,852 | 3,914 | 3,657 | 3,623 | 3,853 | 4,333 | 5,074 | 5,085 |
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 | 222 | 247 | 208 | 198 | 215 | 212 | 252 | -123 | -32 | 528 | 663 | 732 |
Cash from Investing Activity | -28 | -74 | -90 | -211 | -267 | -144 | -87 | -44 | 61 | -242 | -542 | -379 |
Cash from Financing Activity | -199 | -173 | -125 | 14 | 50 | -68 | -166 | 166 | 19 | -307 | -144 | -95 |
Net Cash Flow | -4 | 1 | -7 | 1 | -2 | 1 | -1 | -1 | 49 | -21 | -23 | 258 |
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 | 50 | 52 | 48 | 48 | 55 | 53 | 52 | 61 | 45 | 43 | 31 | 34 |
Inventory Days | 81 | 73 | 73 | 79 | 81 | 87 | 113 | 227 | 120 | 114 | 100 | 88 |
Days Payable | 183 | 242 | 210 | 247 | 303 | 337 | 368 | 794 | 410 | 413 | 403 | 397 |
Cash Conversion Cycle | -51 | -118 | -89 | -120 | -167 | -197 | -204 | -506 | -245 | -256 | -272 | -275 |
Working Capital Days | -60 | -46 | -40 | -10 | -52 | -60 | -59 | -146 | -98 | -14 | -26 | -21 |
ROCE % | 6% | 6% | 7% | 6% | 6% | 9% | 5% | -10% | -3% | 16% | 22% | 22% |
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Stock Analysis
EIH Limited operates premium luxury hotels and cruisers under The Oberoi, Trident, and Maidens brands, complemented by flight catering and airport restaurant services.
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