Asian Hotels (West) Ltd

₹ 184 5.00%

13 Apr - close price

asianhotelswest.com BSE: 533221 NSE: AHLWEST

About

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]

Key Points

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.

Website BSE NSE

Market Cap ₹ 214 Cr.
Current Price ₹ 184
High / Low ₹ 184 / 137
Stock P/E 4.05
Book Value ₹ -38.8
Dividend Yield 0.00 %
ROCE 16.9 %
ROE %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 128% CAGR over last 5 years

Cons

* 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2020	Sep 2020	Dec 2020	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	13	35	34	110	98	109	90	96	110	115	89	114	111
	24	27	36	59	61	67	51	58	61	69	55	59	62
Operating Profit	-11	8	-2	51	37	42	38	38	49	46	34	55	49
OPM %	-84%	22%	-5%	47%	38%	39%	43%	39%	44%	40%	38%	49%	44%
	4	2	2	2	5	5	2	2	-16	-5	2	2	2
Interest	24	25	24	20	28	86	19	18	18	13	14	13	12
Depreciation	13	13	13	9	9	10	9	9	13	10	11	12	10
Profit before tax	-44	-28	-37	24	5	-48	13	13	1	17	11	32	29
Tax %	0%	-0%	1%	-0%	65%	-19%	-37%	-38%	-272%	105%	28%	24%	24%
	-44	-28	-37	24	2	-39	18	18	5	-1	8	24	22
EPS in Rs	-37.65	-24.38	-32.07	20.74	1.43	-33.71	15.09	15.50	4.38	-0.82	6.93	20.95	18.58
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	140	274	319	364	385	432	431	131	159	347	400	411	429
	116	220	239	256	262	282	278	132	136	202	229	235	245
Operating Profit	24	55	80	108	123	150	153	-0	23	145	171	176	184
OPM %	17%	20%	25%	30%	32%	35%	35%	-0%	14%	42%	43%	43%	43%
	-7	2	4	18	15	25	16	11	11	10	13	-17	1
Interest	25	95	96	102	91	90	107	108	93	89	153	73	52
Depreciation	11	49	52	55	56	47	52	52	61	38	38	41	43
Profit before tax	-20	-88	-64	-31	-10	38	9	-149	-120	28	-7	45	89
Tax %	14%	-1%	-4%	2%	18%	-94%	89%	-0%	-2%	-17%	-183%	11%
	-22	-87	-61	-31	-11	74	1	-149	-118	32	6	40	53
EPS in Rs	-16.58	-62.03	-44.13	-27.26	-7.53	64.23	0.85	-127.75	-100.85	27.84	4.73	34.16	45.64
Dividend Payout %	-9%	-0%	-2%	-4%	-13%	2%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	4%
5 Years:	-1%
3 Years:	37%
TTM:	6%

Compounded Profit Growth
10 Years:	11%
5 Years:	128%
3 Years:	37%
TTM:	162%

Stock Price CAGR
10 Years:	4%
5 Years:	-3%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	288	215	163	124	114	110	99	-49	-167	-135	-129	-90	-57
	644	734	756	779	763	792	964	1,006	1,004	959	999	915	850
	264	227	213	207	216	183	82	80	121	143	111	117	127
Total Liabilities	1,206	1,188	1,144	1,122	1,105	1,096	1,156	1,049	970	979	993	954	932
	1,030	994	944	923	886	848	985	928	865	828	794	773	766
CWIP	2	0	10	9	3	1	1	5	6	1	2	3	6
Investments	0	0	0	0	8	1	0	0	0	0	0	0	0
	175	193	190	190	207	246	170	116	98	150	196	178	160
Total Assets	1,206	1,188	1,144	1,122	1,105	1,096	1,156	1,049	970	979	993	954	932

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	97	33	77	83	144	169	152	18	70	155	152	138
	-96	-12	-12	-24	-31	-131	-23	31	22	-4	-9	1
	-0	-5	-71	-58	-96	-56	-123	-61	-94	-117	-124	-151
Net Cash Flow	-0	16	-6	1	16	-18	6	-11	-2	34	18	-12
Free Cash Flow	-601	21	65	61	128	160	131	17	71	155	145	118
CFO/OP	421%	67%	99%	79%	120%	118%	104%	-4,500%	298%	105%	89%	78%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	33	20	15	19	21	17	12	29	23	21	14	14
Inventory Days	347	89	79	76
Days Payable	310	260	226	190
Cash Conversion Cycle	70	-150	-132	-96	21	17	12	29	23	21	14	14
Working Capital Days	-289	-57	-54	-19	-20	-36	-58	-890	-824	-379	-402	-419
ROCE %	1%	1%	3%	8%	9%	14%	12%	-4%	-3%	14%	17%	17%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Average Occupancy - Hyatt Regency Mumbai
% ・Standalone data

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x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
xxx	xxx	xxx	xxx	xxx	xxx	xxx
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x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
	xxx	xxx	xxx	xxx	xxx	xxx

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Average Room Rate (ARR) - Hyatt Regency Mumbai
INR ・Standalone data

Number of Rooms - Hyatt Regency Mumbai
Rooms ・Standalone data

Number of Rooms - JW Marriott New Delhi Aerocity
Rooms ・Standalone data

Revenue Per Available Room (RevPAR) - Hyatt Regency Mumbai
INR ・Standalone data

Employee Strength (Standalone)
Number ・Standalone data

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	70.72%	70.72%	70.72%	70.72%	70.72%	70.72%	70.72%	71.39%	71.39%	71.39%	72.02%	72.07%
	0.57%	0.57%	0.57%	0.57%	0.57%	0.57%	0.57%	0.57%	0.57%	0.57%	0.57%	0.57%
	28.71%	28.71%	28.71%	28.71%	28.71%	28.71%	28.71%	28.03%	28.02%	28.02%	27.39%	27.35%
No. of Shareholders	9,108	9,095	9,091	9,092	9,095	9,092	9,092	9,095	8,719	8,713	8,285	7,846

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	65.33%	68.65%	68.47%	69.40%	70.42%	70.42%	70.72%	70.72%	71.39%	72.07%
	0.03%	0.03%	0.02%	0.02%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	1.05%	1.07%	0.91%	0.74%	0.74%	0.57%	0.57%	0.57%	0.57%	0.57%
	33.59%	30.25%	30.60%	29.84%	28.83%	29.01%	28.71%	28.71%	28.02%	27.35%
No. of Shareholders	13,647	10,907	10,228	9,550	9,153	9,186	9,108	9,095	8,719	7,846

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Asian Hotels (West) Ltd

Asian Hotels (West) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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