ITC Hotels Ltd
ITC Hotels is an Indian hospitality company that operates and manages hotels. It has over 100 hotels and is India's third largest hotel chain. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. It was a subsidiary of ITC Limited until its demerger in 2025.[1]ITC Hotels Limited, formerly a subsidiary of ITC Limited, is a leading Indian hospitality company known for its luxury accommodations and commitment to sustainable practices, operating over 140 hotels across 90+ destinations under brands like ITC Hotels, Mementos, Storii, Welcomhotel, Fortune, and WelcomHeritage.
- Market Cap ₹ 43,302 Cr.
- Current Price ₹ 208
- High / Low ₹ 262 / 155
- Stock P/E 54.6
- Book Value ₹ 54.6
- Dividend Yield 0.00 %
- ROCE 9.74 %
- ROE 7.04 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.81 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Part of Nifty 500 BSE MidCap Nifty Midcap 100 Nifty 200 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 2,124 | 3,279 | 3,425 | |
| 1,371 | 2,052 | 2,188 | |
| Operating Profit | 753 | 1,228 | 1,236 |
| OPM % | 35% | 37% | 36% |
| 4 | 49 | 131 | |
| Interest | 22 | 45 | 11 |
| Depreciation | 196 | 297 | 293 |
| Profit before tax | 539 | 934 | 1,063 |
| Tax % | 25% | 25% | |
| 404 | 698 | 793 | |
| EPS in Rs | 3.36 | ||
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 54% |
| Compounded Profit Growth | |
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| TTM: | 72% |
| Stock Price CAGR | |
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| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 83 | 208 | 208 |
| Reserves | 8,827 | 10,840 | 11,167 |
| 127 | 127 | 126 | |
| 1,333 | 1,348 | 1,268 | |
| Total Liabilities | 10,370 | 12,522 | 12,770 |
| 5,954 | 5,857 | 5,782 | |
| CWIP | 55 | 45 | 73 |
| Investments | 3,850 | 4,616 | 4,962 |
| 511 | 2,004 | 1,952 | |
| Total Assets | 10,370 | 12,522 | 12,770 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 722 | 930 | |
| -542 | -2,335 | |
| -177 | 1,425 | |
| Net Cash Flow | 3 | 20 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 22 | 21 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 22 | 21 |
| Working Capital Days | -114 | -56 |
| ROCE % | 10% |
Documents
Announcements
- Media Statement And Investor Presentation- Q2 FY26 24 Oct
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Announcement under Regulation 30 (LODR)-Change in Management
24 Oct - H1 (30 Sep 2025) consolidated revenue ₹1,655.02cr, PAT ₹267.00cr; 2% ESAR proposed; VP procurement elevated.
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Recommendation To Members For ESAR Scheme
24 Oct - Board approved Q2/H1 unaudited results (H1 consolidated PAT ₹267.00 Cr), proposed 2% ESAR limit; promoted Sudhir Gupta.
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Board Meeting Outcome for Unaudited Financial Results
24 Oct - Q2/H1 results to Sep 30, 2025; consolidated H1 PBT ₹377.49Cr; 2% ESAR limit; VP Procurement promoted.
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Unaudited Financial Results
24 Oct - 24 Oct 2025: Approved Q2/H1 results (H1 PAT ₹301.36cr), ESAR limit 2%, Sudhir Gupta promoted.