Whalesbook
Toh bhai, Lemon Tree Hotels ne FY2025-26 mein ekdum dhamaka kar diya hai. Ek saath 56 naye hotels sign kiye aur 20 hotels bhi open kar diye. Isse inka total portfolio pahunch gaya hai 269 hotels tak! Ismein se 131 abhi chal rahe hain aur 138 under development. Company ab 80 se zyada locations mein hai aur 11,000+ rooms manage kar rahi hai. Ye log 'asset-light' strategy use kar rahe hain, jo industry mein kaafi popular hai.
Abhi ye sab khabar aayi hi thi ki stock market mein thodi gadbad ho gayi. 13 April 2026 ko, Lemon Tree ka share 1.84% gir kar ₹112.30 par aa gaya. Company ki market value lagbhag ₹9,000 crore ke aas-paas hai. Matlab, itna bada expansion hone ke baad bhi stock mein thodi kami aayi hai. Iske peeche ka sabse bada reason hai investors ki valuation ko lekar tension.
Waise toh Indian hospitality sector kaafi achha perform kar raha hai, expected hai ki FY2025-26 mein revenue 9-12% badhega. Leisure travel, corporate demand sabhi zoron par hain. Hotels ki demand supply se zyada ho sakti hai, jisse room rates aur occupancy rates badhenge. Lemon Tree ki strategy chote shehron mein expand karne ki, toh ye demand trend ko pakad rahe hain. Lekin jab bade players jaise The Indian Hotels Company (IHCL) aur EIH Limited (Oberoi) se compare karte hain, toh cheezein thodi alag dikhti hain.
Bade players ke comparison mein, Lemon Tree ka TTM P/E ratio lagbhag 41x hai. Ye apne direct peers (jo 61x par hain) se kam hai, par overall Indian hospitality industry ke average 27.6x se kaafi high hai. Agar IHCL ko dekhein, uska P/E 41-45x hai, lekin market cap ₹91,000 crore se zyada hai aur ROE 17.28% hai. EIH Limited ka P/E 32x hai, market cap ₹19,500 crore aur ROE 19.23% hai. Lemon Tree ka ROE 8.33% se 18.4% ke beech mein hai, jo in bade players se kam hai.
Ye sab reasons hain jiske wajah se investors thode cautious hain. Company ka profit 207% CAGR se badha hai paanch saal mein, fir bhi valuation (41x P/E, book value se 7 guna zyada) high lag rahi hai. Promoter ownership bhi sirf 22.3% hai. Pichhle saal stock 20% gira bhi tha, jabki IHCL steady raha. Analyst log toh positive hain, target price ₹175.15 se ₹182.38 tak de rahe hain. Unko lagta hai ki EPS 26.7% aur revenue 10.5% annualy badhega. Per filhaal, valuation aur competition ne stock ko thoda peeche rakha hua hai.