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 ₹ 32,926 Cr.
- Current Price ₹ 158
- High / Low ₹ 262 / 157
- Stock P/E 38.7
- 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 2.89 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 BSE 500 Nifty 500 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 | 3,538 | |
| 1,371 | 2,052 | 2,257 | |
| Operating Profit | 753 | 1,228 | 1,281 |
| OPM % | 35% | 37% | 36% |
| 4 | 49 | 112 | |
| Interest | 22 | 45 | 11 |
| Depreciation | 196 | 297 | 292 |
| Profit before tax | 539 | 934 | 1,090 |
| Tax % | 25% | 25% | |
| 404 | 698 | 812 | |
| EPS in Rs | 3.36 | 3.90 | |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 54% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Dec 2026 | |
|---|---|---|---|---|
| Average Room Rate (ARR) - Domestic Owned Hotels INR |
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| Number of Operational Keys Number |
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| Number of Operational Hotels Number |
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| Occupancy Rate - Domestic Owned Hotels % |
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| RevPAR - Domestic Owned Hotels INR |
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| Carbon Intensity (Actual Emissions) kg CO2e / room night |
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| Net Promoter Score (NPS) Score |
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| Pipeline - Number of Hotels Number |
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| Pipeline - Number of Keys Number |
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| RevPAR Premium over Industry (Luxury/Upscale) % |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Director
6 Mar - Mr. Tablesh Pandey (LIC-nominated) resigned as Non-Executive Director effective close of work 5 March 2026.
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Announcement under Regulation 30 (LODR)-Change in Directorate
6 Mar - Tablesh Pandey resigned as Non-Executive Director (LIC representative), effective 5 March 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Feb - ITC Hotels to attend Nuvama (11 Feb 2026) and Axis Capital (12 Feb 2026) investor conferences in Mumbai.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Jan - Non-deal roadshow in Singapore on 4-5 Feb 2026; physical one-on-one/group meetings.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Jan