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 3.06
- Book Value ₹ -38.8
- Dividend Yield 0.00 %
- ROCE 16.9 %
- ROE %
- Face Value ₹ 10.0
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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 428 | |
| 116 | 220 | 239 | 256 | 262 | 282 | 278 | 132 | 136 | 202 | 229 | 235 | 244 | |
| Operating Profit | 24 | 55 | 80 | 108 | 123 | 150 | 153 | -0 | 23 | 145 | 171 | 176 | 183 |
| 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 | -17 | |
| Interest | 25 | 95 | 96 | 102 | 91 | 90 | 107 | 108 | 93 | 89 | 153 | 73 | 58 |
| Depreciation | 11 | 49 | 52 | 55 | 56 | 47 | 52 | 52 | 61 | 38 | 38 | 41 | 46 |
| Profit before tax | -20 | -88 | -64 | -31 | -10 | 38 | 9 | -149 | -120 | 28 | -7 | 45 | 62 |
| 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 | 37 | |
| 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 | 31.44 |
| 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: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 128% |
| 3 Years: | 37% |
| TTM: | 2886% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -11% |
| 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 |
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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Publication of quarterly results for Q.E. 30.09.2025 in newspaper which were approved by Board in its meeting held on 12.11.2025.
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Board Meeting Outcome for The Board Members Considered And Approved Unaudited Quarterly Results For The Q.E. 30092025 In Their Board Meeting Held Today.
12 Nov - Board approved unaudited standalone and consolidated results for quarter ended 30 Sep 2025; limited review attached.
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Board Meeting Intimation for Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended 30.09.2025.
5 Nov - Board meeting 12 Nov 2025 to approve Q2/H1 unaudited results; trading window closed from 1 Oct 2025.
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Announcement under Regulation 30 (LODR)-Resignation of Director
4 Nov - Sudhir Gupta resigned as Non-Executive Director effective 4 Nov 2025 to expedite Framework Agreement implementation.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
29 Oct - Submission of certificate for the Q.E. 30.09.2025
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]