Asian Hotels (West) Ltd
AHWL operates a 401-room five-star hotel in Mumbai and has partnered with Hyatt Hotels India for branding, operating, and marketing the hotel under the Hyatt Regency brand.
The company was demerged from Asian Hotels Limited, under which Hyatt Regency Mumbai of the Asian Hotels was demerged and vested in the company. [1] [2]
- Market Cap ₹ 168 Cr.
- Current Price ₹ 144
- High / Low ₹ /
- Stock P/E
- Book Value ₹ 92.3
- Dividend Yield 0.00 %
- ROCE -1.12 %
- ROE -7.68 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -19.6% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Leisure Services Hotels & Resorts
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 129 | 134 | 132 | 136 | 139 | 149 | 137 | 35 | 6 | -0 | -0 | -0 | 0 | |
| 97 | 105 | 105 | 103 | 106 | 109 | 105 | 44 | 21 | 5 | 10 | 5 | 4 | |
| Operating Profit | 33 | 30 | 27 | 32 | 32 | 40 | 33 | -9 | -16 | -5 | -10 | -5 | -4 |
| OPM % | 25% | 22% | 20% | 24% | 23% | 27% | 24% | -25% | -280% | ||||
| -8 | 2 | 4 | 14 | 13 | 10 | 6 | 5 | 5 | 5 | 10 | -21 | -2 | |
| Interest | 19 | 22 | 23 | 29 | 23 | 26 | 27 | 36 | 22 | 10 | 73 | 3 | 2 |
| Depreciation | 8 | 13 | 15 | 15 | 16 | 7 | 9 | 9 | 10 | 7 | 7 | 7 | 6 |
| Profit before tax | -2 | -3 | -7 | 2 | 6 | 17 | 3 | -48 | -42 | -17 | -80 | -36 | -16 |
| Tax % | 112% | -34% | -42% | 27% | 30% | -61% | -26% | -1% | -5% | -2% | -1% | 1% | |
| -5 | -2 | -4 | 1 | 4 | 27 | 4 | -48 | -40 | -17 | -80 | -36 | -16 | |
| EPS in Rs | -4.39 | -1.87 | -3.38 | 1.28 | 3.67 | 22.88 | 3.08 | -40.86 | -34.21 | -14.73 | -68.54 | -31.14 | -14.13 |
| Dividend Payout % | -34% | -54% | -30% | 78% | 27% | 4% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -8% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -17% |
| 3 Years: | -20% |
| Last Year: | -8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 279 | 276 | 270 | 282 | 285 | 316 | 318 | 271 | 231 | 214 | 134 | 97 | 96 |
| 143 | 167 | 168 | 206 | 190 | 234 | 244 | 270 | 271 | 267 | 380 | 401 | 401 | |
| 59 | 57 | 58 | 58 | 63 | 49 | 46 | 45 | 71 | 98 | 65 | 57 | 57 | |
| Total Liabilities | 492 | 511 | 507 | 557 | 549 | 611 | 620 | 597 | 585 | 591 | 591 | 567 | 566 |
| 266 | 257 | 243 | 244 | 239 | 236 | 263 | 254 | 243 | 235 | 228 | 223 | 523 | |
| CWIP | 0 | 0 | 9 | 8 | 2 | 1 | -0 | 0 | 0 | 0 | 0 | -0 | 24 |
| Investments | 169 | 197 | 197 | 224 | 240 | 327 | 327 | 327 | 328 | 328 | 328 | 328 | 0 |
| 57 | 57 | 58 | 81 | 68 | 46 | 29 | 15 | 14 | 28 | 35 | 16 | 18 | |
| Total Assets | 492 | 511 | 507 | 557 | 549 | 611 | 620 | 597 | 585 | 591 | 591 | 567 | 566 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 41 | 32 | 34 | 5 | 41 | 61 | 37 | 1 | 5 | 14 | -37 | -24 | |
| -34 | -33 | -10 | -15 | -13 | -87 | -7 | 1 | 2 | 0 | 4 | 0 | |
| -6 | 3 | -23 | 11 | -30 | 24 | -22 | -10 | -6 | -1 | 30 | 19 | |
| Net Cash Flow | 0 | 2 | 1 | 1 | -1 | -3 | 7 | -7 | 2 | 13 | -2 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 16 | 15 | 13 | 19 | 25 | 18 | 17 | 31 | 28 | |||
| Inventory Days | 99 | 91 | 91 | 97 | 71 | |||||||
| Days Payable | 130 | 126 | 167 | 155 | 119 | |||||||
| Cash Conversion Cycle | -14 | -20 | -63 | -39 | -24 | 18 | 17 | 31 | 28 | |||
| Working Capital Days | -102 | -49 | -61 | 30 | 26 | -58 | -79 | -2,852 | -20,124 | |||
| ROCE % | 6% | 4% | 4% | 7% | 6% | 8% | 5% | -2% | -4% | -1% | -1% | -1% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|---|---|
| Average Occupancy - Hyatt Regency Mumbai % |
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| Average Room Rate (ARR) - Hyatt Regency Mumbai INR |
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| Number of Rooms - Hyatt Regency Mumbai Rooms |
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| Number of Rooms - JW Marriott New Delhi Aerocity Rooms |
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| Revenue Per Available Room (RevPAR) - Hyatt Regency Mumbai INR |
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| Employee Strength (Standalone) Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Newspaper publication of unaudited financial results (standalone and consolidated) for the quarter ended 31122025 which were approved by Board Members in their meeting held on …
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Board Meeting Outcome for Consideration And Approval Of Financial Results(Standalone And Consolidated) For The Quarter Ended 31122025
13 Feb - Asian Hotels (West) approved standalone and consolidated unaudited results for quarter ended Dec 31, 2025.
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Update on board meeting
6 Feb - Board meeting on 13-Feb-2026 to approve unaudited results for quarter ended 31-Dec-2025; trading window closed from 01-Jan-2026.
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Board Meeting Intimation for Consideration And Approval Of Quarterly Results For The Q.E. 31122025
6 Feb - Board meeting on 12 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025; trading window closed.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
20 Jan - Compliance certificate under Reg.74(5) for quarter ended 31 Dec 2025 submitted by KFin.
Business Location
AHWL has its business activity and operations in Mumbai & Delhi. The properties are JW Marriott” at Delhi Aerocity & Hyatt Regency in Mumbai. [1] [2]