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 37.2
- Book Value ₹ 56.4
- Dividend Yield 0.57 %
- ROCE 11.2 %
- ROE 7.89 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.14 times its book value
- Company has a low return on equity of 6.65% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| 2,224 | 3,560 | 4,139 | 4,475 | |
| Sales growth | +60% | +16% | +20% | |
| 1,454 | 2,307 | 2,660 | 2,911 | |
| Operating Profit | 771 | 1,253 | 1,480 | 1,563 |
| OPM % | 35% | 35% | 36% | 35% |
| 16 | 77 | 115 | 144 | |
| Interest | 20 | 44 | 55 | 9 |
| Depreciation | 201 | 402 | 417 | 427 |
| Profit before tax | 565 | 884 | 1,123 | 1,272 |
| Tax % | 25% | 28% | 27% | |
| 424 | 638 | 821 | 939 | |
| EPS in Rs | 3.05 | 3.92 | 4.49 | |
| Dividend Payout % | 0% | 0% | 26% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 34% |
| 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
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|
| Equity Capital | 83 | 208 | 208 | 208 |
| Reserves | 8,415 | 10,484 | 11,450 | 11,531 |
| 74 | 73 | 74 | 84 | |
| 1,617 | 1,707 | 1,748 | 1,837 | |
| Total Liabilities | 10,188 | 12,472 | 13,480 | 13,660 |
| 6,436 | 8,189 | 8,089 | 8,360 | |
| CWIP | 1,768 | 158 | 207 | 201 |
| Investments | 204 | 676 | 1,956 | 1,597 |
| 1,780 | 3,449 | 3,229 | 3,501 | |
| Total Assets | 10,188 | 12,472 | 13,480 | 13,660 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 672 | 801 | 1,110 | |
| -753 | -2,203 | -1,174 | |
| 127 | 1,430 | 19 | |
| Net Cash Flow | 47 | 27 | -46 |
| Free Cash Flow | 22 | 419 | 701 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 116% | 81% | 95% |
Ratios
Consolidated / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 24 | 21 | 20 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 24 | 21 | 20 |
| Working Capital Days | 48 | 48 | 43 |
| 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
- 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.
-
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.
-
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.