ITC Hotels Ltd
ITC Hotels is an Indian hospitality company that operates and manages hotels, with over 200 hotels. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. It operates hotels across 90+ destinations under brands like ITC Hotels, Mementos, Epiq Collection Storii, Welcomhotel, Fortune, and Welcome Heritage.[1][2]
- Market Cap ₹ 34,590 Cr.
- Current Price ₹ 166
- High / Low ₹ 255 / 137
- Stock P/E 38.7
- Book Value ₹ 57.1
- Dividend Yield 0.60 %
- ROCE 10.6 %
- ROE 7.62 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Debtor days have improved from 19.5 to 15.2 days.
Cons
- Stock is trading at 2.91 times its book value
- Company has a low return on equity of 6.53% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| 2,124 | 3,279 | 3,583 | 3,648 | |
| 1,371 | 2,053 | 2,243 | 2,332 | |
| Operating Profit | 753 | 1,227 | 1,340 | 1,316 |
| OPM % | 35% | 37% | 37% | 36% |
| 4 | 49 | 118 | 138 | |
| Interest | 22 | 45 | 53 | 11 |
| Depreciation | 196 | 297 | 294 | 294 |
| Profit before tax | 539 | 934 | 1,111 | 1,148 |
| Tax % | 25% | 25% | 25% | |
| 404 | 698 | 829 | 857 | |
| EPS in Rs | 3.36 | 3.98 | 4.11 | |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 83 | 208 | 208 |
| Reserves | 8,827 | 10,840 | 11,684 |
| 127 | 127 | 128 | |
| 1,333 | 1,348 | 1,372 | |
| Total Liabilities | 10,370 | 12,522 | 13,392 |
| 5,954 | 5,857 | 5,726 | |
| CWIP | 55 | 45 | 87 |
| Investments | 3,850 | 4,616 | 5,791 |
| 511 | 2,004 | 1,788 | |
| Total Assets | 10,370 | 12,522 | 13,392 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 722 | 930 | 1,058 | |
| -542 | -2,335 | -1,064 | |
| -177 | 1,425 | 15 | |
| Net Cash Flow | 3 | 20 | 8 |
| Free Cash Flow | 592 | 726 | 724 |
| CFO/OP | 112% | 93% | 100% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 22 | 21 | 15 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 22 | 21 | 15 |
| Working Capital Days | -114 | -56 | -59 |
| ROCE % | 10% | 11% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Annual Hotel Signings count |
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| ADR (Domestic Owned Hotels) INR |
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| F&B Revenue Share % |
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| Occupancy (Domestic Owned Hotels) % |
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| RevPAR (Domestic Owned Hotels) INR |
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| Rooms Revenue Share % |
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| Operational Keys (Owned + Managed) count |
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| Pipeline Keys count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
- Allotment of Shares under ITC Hotels - Special Purpose Employee Stock Option Scheme.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- ITC Hotels will attend Motilal Oswal 22nd Annual Global Investor Conference on 19 August 2026 in Mumbai.
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Address By The Chairman At The 3Rd Annual General Meeting Of The Company
- Chairman’s address at ITC Hotels’ 3rd AGM highlights 19% income growth, 50 years, and expansion plans.
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Announcement under Regulation 30 (LODR)-Change in Directorate
- Members approved Ramakrishnan Chander as Non-Executive Director for three years from 6 August 2026, representing LIC.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- ITC Hotels' 3rd AGM on 6 Aug 2026 passed all resolutions, including ₹1 final dividend and director appointments.
Demerger[1]
ITC Hotels was created following the demerger of the hotel business from ITC Limited. The scheme of arrangement was approved in Aug’23, under which ITC Hotels was separated as an independent entity. As part of the arrangement, ITC retained a 40% stake in ITC Hotels, while the remaining 60% stake was allotted to ITC Limited’s shareholders in proportion to their shareholding on the record date.
The scheme received approvals from shareholders and the National Company Law Tribunal. The certified copy of the NCLT Kolkata Bench order dated Oct’24 sanctioning the scheme was received in Dec’24, after which the demerger became effective from Jan’25. ITC Hotels was subsequently listed on the stock exchanges on 29 Jan’25.[2]