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 ₹ 32,255 Cr.
- Current Price ₹ 155
- High / Low ₹ 262 / 137
- Stock P/E 36.8
- Book Value ₹ 56.0
- Dividend Yield 0.65 %
- ROCE 10.7 %
- ROE 7.83 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 2.77 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: | -28% |
| 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 2023 | Mar 2024 | Mar 2025 | Dec 2026 (P) | |
|---|---|---|---|---|
| Average Room Rate (ARR) - Domestic Owned Hotels INR ・Standalone data |
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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 % ・Standalone data |
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| RevPAR - Domestic Owned Hotels INR ・Standalone data |
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| Carbon Intensity (Actual Emissions) kg CO2e / room night ・Standalone data |
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| Net Promoter Score (NPS) Score ・Standalone data |
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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) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Acquisition
19 May - ITC Hotels acquires 100% of Zuri Hotels for ₹205 crore; ZHRPL becomes subsidiary.
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Media Statement And Presentation-Acquisition
15 May - ITC Hotels to acquire 100% of Zuri Kumarakom resort for Rs. 205 crore; closing in days.
- Media Statement And Investor Presentation FY 2025-26 15 May
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AGM Date
15 May - FY26 audited results; final dividend ₹1/share, record date 21 May 2026, AGM on 6 August 2026.
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Announcement under Regulation 30 (LODR)-Dividend Updates
15 May - ITC Hotels approved FY26 audited results, recommended ₹1 dividend, fixed 21 May record date, AGM on 6 Aug 2026.
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]