Lemon Tree Hotels Ltd is largest mid-priced and the third largest overall hotel chain in India. It operate in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition.[1]
Business Profile[1]As of Q1FY26, Lemon Tree Hotels is a leading Indian hospitality chain, operating 226 hotels with 18,431 rooms across 50+ locations. It manages upscale, midscale, and economy brands, including Aurika, Lemon Tree, and Red Fox, with a growing international presence in Bhutan, Nepal, and Dubai.
| 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 | 726.40 | 61.27 | 103398.12 | 0.31 | 318.26 | -9.12 | 2040.89 | 11.76 | 17.21 | 9040.16 | 32.79 | 1687.62 | 284.92 | 8.94 | 10.98 | 0.28 |
| 2. | ITC Hotels | 200.00 | 56.47 | 41657.07 | 0.00 | 133.29 | 74.31 | 839.48 | 7.91 | 9.63 | 3731.04 | 34.40 | 737.74 | 132.77 | 3.77 | 5.67 | 0.01 |
| 3. | EIH | 356.35 | 29.24 | 22284.85 | 0.42 | 116.56 | -17.77 | 597.94 | 1.52 | 23.43 | 2799.14 | 36.48 | 762.10 | 108.02 | 4.74 | 14.70 | 0.05 |
| 4. | Chalet Hotels | 870.95 | 32.97 | 19069.79 | 0.11 | 154.82 | 211.81 | 735.31 | 95.02 | 11.13 | 2609.62 | 42.25 | 578.38 | 154.84 | 5.58 | 2.20 | 0.73 |
| 5. | Ventive Hospital | 769.10 | 77.59 | 17961.69 | 0.00 | 64.24 | 193.44 | 489.33 | 89.74 | 11.73 | 2228.71 | 44.30 | 231.49 | 52.57 | 3.61 | 3.10 | 0.52 |
| 6. | Leela Palaces Hotels | 419.95 | 80.63 | 14024.56 | 0.00 | 74.73 | 246.02 | 310.65 | 12.09 | 11.98 | 1300.57 | 45.75 | 48.04 | 74.72 | 2.28 | 0.62 | 0.28 |
| 7. | Lemon Tree Hotel | 148.55 | 109.49 | 11768.82 | 0.00 | 22.56 | 16.53 | 90.90 | 4.55 | 11.25 | 398.64 | 50.75 | 107.49 | 22.56 | 9.05 | 5.97 | 0.28 |
| – | Median: 45 Co. | 237.81 | 39.23 | 842.0 | 0.0 | 3.6 | 16.53 | 55.71 | 6.95 | 11.73 | 193.56 | 28.44 | 19.01 | 3.6 | 3.42 | 4.19 | 0.28 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 82 | 102 | 104 | 75 | 83 | 93 | 95 | 102 | 111 | 68 | 78 | 87 | 91 |
Expenses | 33 | 44 | 50 | 39 | 44 | 52 | 38 | 43 | 47 | 34 | 41 | 45 | 47 |
Operating Profit | 49 | 58 | 54 | 36 | 38 | 41 | 57 | 60 | 64 | 34 | 37 | 41 | 43 |
Other Income | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 6 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 34 | 46 | 40 | 19 | 24 | 29 | 43 | 50 | 51 | 18 | 20 | 27 | 32 |
Tax % | 30% | 27% | 29% | 30% | 30% | 29% | 29% | 29% | 29% | 29% | 30% | 29% | 29% |
Net Profit | 24 | 34 | 28 | 13 | 17 | 20 | 30 | 35 | 36 | 13 | 14 | 19 | 23 |
EPS in Rs | 0.30 | 0.43 | 0.36 | 0.17 | 0.21 | 0.26 | 0.38 | 0.45 | 0.45 | 0.16 | 0.18 | 0.24 | 0.28 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 188 | 193 | 218 | 231 | 273 | 270 | 80 | 129 | 310 | 357 | 385 | 399 |
Expenses | 158 | 148 | 159 | 163 | 182 | 162 | 64 | 89 | 138 | 167 | 187 | 196 |
Operating Profit | 30 | 45 | 60 | 68 | 91 | 108 | 16 | 40 | 172 | 190 | 198 | 202 |
Other Income | 39 | 3 | 10 | 12 | 12 | 5 | 1 | 6 | 4 | 15 | 6 | 1 |
Interest | 46 | 43 | 41 | 34 | 35 | 48 | 48 | 48 | 45 | 49 | 42 | 32 |
Depreciation | 23 | 22 | 21 | 20 | 20 | 24 | 23 | 21 | 20 | 21 | 20 | 20 |
Profit before tax | 0 | -16 | 8 | 26 | 48 | 41 | -54 | -23 | 112 | 136 | 142 | 152 |
Net Profit | -1 | -16 | 7 | 22 | 63 | 32 | -41 | -16 | 79 | 97 | 100 | 107 |
EPS in Rs | -0.01 | -0.21 | 0.08 | 0.28 | 0.80 | 0.41 | -0.51 | -0.20 | 0.99 | 1.22 | 1.27 | 1.35 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| 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 | 776 | 778 | 781 | 786 | 789 | 790 | 790 | 791 | 792 | 792 | 792 | 792 |
Reserves | 151 | 137 | 146 | 175 | 242 | 253 | 213 | 197 | 268 | 365 | 465 | 508 |
Borrowings | 324 | 341 | 321 | 319 | 310 | 513 | 542 | 513 | 543 | 471 | 398 | 363 |
Other Liabilities | 45 | 55 | 58 | 67 | 78 | 60 | 53 | 40 | 51 | 39 | 45 | 57 |
Total Liabilities | 1,297 | 1,311 | 1,306 | 1,347 | 1,419 | 1,616 | 1,599 | 1,541 | 1,653 | 1,667 | 1,700 | 1,721 |
Fixed Assets | 433 | 454 | 435 | 452 | 438 | 596 | 570 | 553 | 537 | 523 | 514 | 512 |
Gross Block | 524.17 | 474.66 | 475.77 | 511.26 | 517.29 | 691.57 | 758.21 | 761.23 | 765.51 | 771.87 | 781.89 | – |
Accumulated Depreciation | 91.65 | 21.16 | 40.45 | 59.24 | 79.05 | 95.34 | 187.84 | 208.56 | 228.49 | 249.23 | 267.55 | – |
CWIP | 12 | 5 | 7 | 10 | 12 | 14 | 15 | 18 | 21 | 25 | 40 | 52 |
Investments | 682 | 700 | 697 | 716 | 734 | 795 | 793 | 810 | 930 | 983 | 986 | 988 |
Other Assets | 171 | 153 | 166 | 169 | 235 | 210 | 220 | 161 | 165 | 137 | 160 | 169 |
Total Assets | 1,297 | 1,311 | 1,306 | 1,347 | 1,419 | 1,616 | 1,599 | 1,541 | 1,653 | 1,667 | 1,700 | 1,721 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 37 | 45 | 72 | 51 | 86 | 54 | 5 | 75 | 142 | 199 | 171 |
Cash from Investing Activity | -17 | -22 | -17 | -27 | -46 | -54 | 36 | -21 | -139 | -85 | -49 |
Cash from Financing Activity | -47 | -22 | -54 | -24 | -35 | 2 | -16 | -75 | -11 | -119 | -114 |
Net Cash Flow | -26 | 1 | 1 | 0 | 5 | 1 | 25 | -21 | -8 | -5 | 8 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 21 | 32 | 24 | 33 | 66 | 108 | 353 | 108 | 76 | 20 | 33 |
Inventory Days | 55 | 64 | 60 | 50 | 45 | 56 | 170 | – | – | – | – |
Days Payable | 810 | 876 | 1,084 | 1,135 | 1,060 | 1,101 | 3,780 | – | – | – | – |
Cash Conversion Cycle | -734 | -780 | -1,000 | -1,052 | -948 | -937 | -3,257 | 108 | 76 | 20 | 33 |
Working Capital Days | -131 | -147 | -127 | -70 | 38 | 20 | 22 | -58 | -44 | -37 | -57 |
ROCE % | – | 2% | 4% | 5% | 6% | 6% | 0% | 2% | 10% | 11% | 11% |
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Stock Analysis
Lemon Tree Hotels Limited is a leading Indian hospitality chain operating a portfolio of hotels across upscale, mid-scale, and economy segments, aiming to provide value-driven experiences.
Currently no data available for Key Growth Triggers.
Currently no data available for Order Book.
Currently no data available for Key Red Flags.
The company corrected a prior announcement date to January 15, 2026, concerning an investor conference call.
Corporate Announcements
