Asian Hotels (West) Ltd
AHWL was incorporated in 2007, pursuant to a demerger from Asian Hotels Limited, and the Hyatt Regency Mumbai property was vested in the Company.
The Company operates a 401-room five-star hotel in Mumbai, in partnership with Hyatt Hotels India for branding, operations, and marketing under the Hyatt Regency brand.[1]
- Market Cap ₹ 2,059 Cr.
- Current Price ₹ 636
- High / Low ₹ 751 / 137
- Stock P/E
- Book Value ₹ 86.2
- Dividend Yield 0.00 %
- ROCE -1.46 %
- ROE -8.16 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 7.38 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -23.5% 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 134.37 | 131.58 | 135.71 | 138.54 | 148.84 | 137.18 | 35.04 | 5.57 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 104.52 | 104.71 | 103.48 | 106.43 | 108.82 | 104.56 | 43.76 | 21.19 | 5.17 | 10.19 | 4.75 | 6.88 | |
| Operating Profit | 29.85 | 26.87 | 32.23 | 32.11 | 40.02 | 32.62 | -8.72 | -15.62 | -5.17 | -10.19 | -4.75 | -6.88 |
| OPM % | 22.21% | 20.42% | 23.75% | 23.18% | 26.89% | 23.78% | -24.89% | -280.43% | ||||
| 1.54 | 4.15 | 14.28 | 13.10 | 10.27 | 6.18 | 5.25 | 5.36 | 5.47 | 9.82 | -21.16 | 5.79 | |
| Interest | 21.87 | 23.09 | 29.36 | 23.29 | 26.25 | 27.03 | 35.66 | 21.89 | 10.43 | 72.97 | 3.29 | 2.65 |
| Depreciation | 12.74 | 14.66 | 15.14 | 15.95 | 7.46 | 8.93 | 9.12 | 9.75 | 7.35 | 6.99 | 6.70 | 6.30 |
| Profit before tax | -3.22 | -6.73 | 2.01 | 5.97 | 16.58 | 2.84 | -48.25 | -41.90 | -17.48 | -80.33 | -35.90 | -10.04 |
| Tax % | -33.54% | -42.35% | 27.36% | 29.65% | -60.86% | -26.41% | -1.33% | -4.84% | -1.83% | -0.57% | 1.06% | -14.84% |
| -2.14 | -3.87 | 1.47 | 4.20 | 26.66 | 3.59 | -47.61 | -39.86 | -17.16 | -79.86 | -36.28 | -8.55 | |
| EPS in Rs | -1.87 | -3.38 | 1.28 | 3.67 | 22.88 | 3.08 | -40.86 | -34.21 | -14.73 | -68.54 | -31.14 | -7.34 |
| Dividend Payout % | -53.55% | -29.61% | 77.96% | 27.29% | 4.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 15% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 23% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | -17% |
| 3 Years: | -24% |
| Last Year: | -8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.46 | 11.46 | 11.46 | 11.46 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 |
| Reserves | 275.70 | 270.45 | 281.98 | 285.00 | 316.04 | 317.96 | 270.53 | 230.67 | 213.51 | 133.64 | 97.36 | 88.82 |
| 167.27 | 167.60 | 205.91 | 189.54 | 233.93 | 244.25 | 270.45 | 271.31 | 267.12 | 380.06 | 401.10 | 401.25 | |
| 56.98 | 57.86 | 57.90 | 63.43 | 49.00 | 45.83 | 44.54 | 70.90 | 98.50 | 65.39 | 57.23 | 52.31 | |
| Total Liabilities | 511.41 | 507.37 | 557.25 | 549.43 | 610.62 | 619.69 | 597.17 | 584.53 | 590.78 | 590.74 | 567.34 | 554.03 |
| 256.97 | 243.18 | 244.42 | 238.51 | 236.23 | 262.94 | 254.20 | 243.16 | 235.18 | 228.20 | 223.40 | 520.67 | |
| CWIP | 0.07 | 9.13 | 8.04 | 2.06 | 0.56 | 0.00 | 0.10 | 0.10 | 0.10 | 0.10 | 0.00 | 23.89 |
| Investments | 197.41 | 197.41 | 223.52 | 240.43 | 327.49 | 327.48 | 327.49 | 327.50 | 327.51 | 327.52 | 327.53 | 0.07 |
| 56.96 | 57.65 | 81.27 | 68.43 | 46.34 | 29.27 | 15.38 | 13.77 | 27.99 | 34.92 | 16.41 | 9.40 | |
| Total Assets | 511.41 | 507.37 | 557.25 | 549.43 | 610.62 | 619.69 | 597.17 | 584.53 | 590.78 | 590.74 | 567.34 | 554.03 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32.07 | 33.50 | 5.16 | 41.32 | 61.38 | 36.54 | 1.14 | 5.36 | 14.38 | -36.55 | -24.41 | -5.50 | |
| -33.02 | -9.97 | -15.33 | -12.71 | -87.46 | -7.08 | 1.04 | 1.67 | 0.01 | 4.18 | 0.02 | 0.03 | |
| 2.75 | -22.91 | 10.73 | -29.57 | 23.51 | -22.29 | -9.53 | -5.52 | -1.47 | 30.39 | 18.72 | -0.30 | |
| Net Cash Flow | 1.80 | 0.63 | 0.55 | -0.95 | -2.56 | 7.17 | -7.35 | 1.51 | 12.92 | -1.97 | -5.67 | -5.77 |
| Free Cash Flow | 27.91 | 23.46 | -10.16 | 37.06 | 57.96 | 31.87 | -0.21 | 6.65 | 14.38 | -36.55 | -24.42 | -5.50 |
| CFO/OP | 116% | 132% | 21% | 133% | 164% | 121% | -26% | -31% | -290% | 349% | 531% | 82% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14.75 | 13.12 | 18.93 | 24.53 | 17.73 | 17.43 | 31.04 | 27.52 | ||||
| Inventory Days | 91.11 | 91.47 | 97.41 | 70.85 | ||||||||
| Days Payable | 126.19 | 167.11 | 155.21 | 119.09 | ||||||||
| Cash Conversion Cycle | -20.34 | -62.53 | -38.87 | -23.72 | 17.73 | 17.43 | 31.04 | 27.52 | ||||
| Working Capital Days | -48.51 | -61.42 | 30.10 | 25.82 | -58.39 | -79.05 | -2,852.50 | -20,124.15 | ||||
| ROCE % | 4.30% | 3.65% | 6.62% | 6.08% | 8.24% | 5.26% | -2.23% | -3.76% | -1.40% | -1.45% | -1.12% | -1.46% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|---|---|
| Average Occupancy - Hyatt Regency Mumbai % |
|
||||||
| Average Room Rate (ARR) - Hyatt Regency Mumbai INR |
|||||||
| Number of Rooms - Hyatt Regency Mumbai Rooms |
|||||||
| Number of Rooms - JW Marriott New Delhi Aerocity Rooms |
|||||||
| Revenue Per Available Room (RevPAR) - Hyatt Regency Mumbai INR |
|||||||
| Employee Strength (Standalone) Number |
|||||||
Extracted by Screener AI
Documents
Announcements
- Reg. 34 (1) Annual Report. 2h
-
Record Date Fixed For 19Th Annual General Meeting Of The Company.
2h - 19th AGM on June 19, 2026; annual report issued, with e-voting from June 16-18 and cut-off June 12.
-
AGM Of The Company Is Scheduled To Be Held On 19.06.2026
2h - 19th AGM on June 19, 2026; e-voting June 16-18; Sandeep Gupta reappointment proposed.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2h - Publication of Annual Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31.03.2026
-
Board Meeting Outcome for Consider And Approve Audited Financial Results For The Quarter And Year Ended 31032026
21h - FY26 audited results show adverse opinion, Rs 1,004.31 lakh loss, AGM on 19 June 2026.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
Business Overview & Outlook[1]
The company operates in the hospitality sector, offering lodging and event hospitality services catering to both leisure and business travelers. Having completed its Corporate Insolvency Resolution Process (CIRP), it is now focused on operational stabilization, rebuilding stakeholder relationships, and adapting to evolving industry trends, including digital platforms and shifting customer preferences. Future performance will hinge on the effective execution of these strategies and the broader recovery of the hospitality sector.