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 ₹ 38,991 Cr.
- Current Price ₹ 187
- High / Low ₹ 262 / 137
- Stock P/E 44.6
- Book Value ₹ 56.0
- Dividend Yield 0.53 %
- ROCE 10.7 %
- ROE 7.83 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.34 times its book value
- Company has a low return on equity of 6.63% over last 3 years.
- Working capital days have increased from 70.6 days to 116 days
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 2,224 | 3,560 | 4,139 | |
| 1,454 | 2,305 | 2,716 | |
| Operating Profit | 771 | 1,255 | 1,424 |
| OPM % | 35% | 35% | 34% |
| 16 | 76 | 124 | |
| Interest | 20 | 44 | 8 |
| Depreciation | 201 | 402 | 417 |
| Profit before tax | 565 | 884 | 1,123 |
| Tax % | 25% | 28% | 27% |
| 424 | 638 | 821 | |
| EPS in Rs | 3.05 | 3.92 | |
| Dividend Payout % | 0% | 0% | 26% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 83 | 208 | 208 |
| Reserves | 8,415 | 10,484 | 11,450 |
| 74 | 73 | 74 | |
| 1,617 | 1,707 | 1,753 | |
| Total Liabilities | 10,188 | 12,472 | 13,485 |
| 6,436 | 8,189 | 8,090 | |
| CWIP | 1,768 | 158 | 206 |
| Investments | 204 | 676 | 1,956 |
| 1,780 | 3,449 | 3,233 | |
| Total Assets | 10,188 | 12,472 | 13,485 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 672 | 803 | 1,110 | |
| -753 | -2,206 | -1,174 | |
| 127 | 1,430 | 19 | |
| Net Cash Flow | 47 | 27 | -46 |
| Free Cash Flow | 22 | 422 | 701 |
| CFO/OP | 116% | 81% | 98% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 24 | 21 | 20 |
| Inventory Days | 1,209 | ||
| Days Payable | 415 | ||
| Cash Conversion Cycle | 24 | 21 | 814 |
| Working Capital Days | 48 | 48 | 116 |
| 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 ・Standalone data |
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| F&B Revenue Share % ・Standalone data |
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| Occupancy (Domestic Owned Hotels) % ・Standalone data |
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| RevPAR (Domestic Owned Hotels) INR ・Standalone data |
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| Rooms Revenue Share % ・Standalone data |
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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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Notice Of 3Rd Annual General Meeting
1d - ITC Hotels filed FY2025-26 annual report and called 3rd AGM on 6 August 2026.
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Reg. 34 (1) Annual Report.
1d - ITC Hotels filed FY26 report and accounts; AGM scheduled for 6 August 2026.
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Board Meeting Intimation for Approval Of The Financial Results
6 Jul - Board meeting on 16 July 2026 to approve Q1 FY27 unaudited standalone and consolidated results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jun - Publication of Notice re: 3rd Annual General Meeting of the Company to be held on 6th August, 2026 through Video Conferencing / Other Audio Visual …
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Closure of Trading Window
25 Jun - Trading window closed from 1 July 2026 until 48 hours after Q1 FY27 results.
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]