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 ₹ 36,852 Cr.
- Current Price ₹ 177
- High / Low ₹ 213 / 137
- Stock P/E 38.8
- Book Value ₹ 58.0
- Dividend Yield 0.57 %
- 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 3.05 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 | 3,772 | |
| Sales growth | +54% | +9% | +10% | |
| 1,371 | 2,053 | 2,243 | 2,390 | |
| Operating Profit | 753 | 1,227 | 1,340 | 1,382 |
| OPM % | 35% | 37% | 37% | 37% |
| 4 | 49 | 118 | 145 | |
| Interest | 22 | 45 | 53 | 11 |
| Depreciation | 196 | 297 | 294 | 293 |
| Profit before tax | 539 | 934 | 1,111 | 1,223 |
| Tax % | 25% | 25% | 25% | |
| 404 | 698 | 829 | 912 | |
| EPS in Rs | 3.36 | 3.98 | 4.38 | |
| Dividend Payout % | 0% | 0% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -15% |
| 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 | Sep 2026 | |
|---|---|---|---|---|
| Equity Capital | 83 | 208 | 208 | 208 |
| Reserves | 8,827 | 10,840 | 11,684 | 11,867 |
| 127 | 127 | 128 | 129 | |
| 1,333 | 1,348 | 1,372 | 1,481 | |
| Total Liabilities | 10,370 | 12,522 | 13,392 | 13,685 |
| 5,954 | 5,857 | 5,726 | 5,639 | |
| CWIP | 55 | 45 | 87 | 122 |
| Investments | 3,850 | 4,616 | 5,791 | 5,773 |
| 511 | 2,004 | 1,788 | 2,152 | |
| Total Assets | 10,370 | 12,522 | 13,392 | 13,685 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 112% | 93% | 100% |
Ratios
Standalone / 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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| 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
- Media Statement And Investor Presentation
-
Unaudited Financial Results
- Board approved Q2/H1 FY26 unaudited results; consolidated revenue ₹2,100.58 crore, PAT ₹384.56 crore.
-
Announcement under Regulation 30 (LODR)-Acquisition
- Board approved Dubai wholly owned subsidiary; up to ₹20 crore to be infused in tranches.
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Board Meeting Outcome for Board Meeting Outcome For Unaudited Financial Results
- ITC Hotels reported Q2 FY26 standalone revenue of 884.68 Cr and consolidated revenue of 1,054.14 Cr on 26 Oct 2026.
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Board Meeting Intimation for Approval Of The Financial Results
- Board meets on 26 October 2026 to approve Q2 and half-year FY27 results.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
Demerger:[1]
ITC Hotels became a separate company following
the demerger of ITC Limited's hotel business, effective
1st January 2025 and listed on 29th January 2025. ITC
retained 40% equity, with the remaining 60% allotted
to ITC shareholders in proportion to their holdings.