Suba Hotels Ltd
Suba Hotels are one of Indias largest domestic hotel chains in the mid-market sector with 88 operational hotels as of July 2025, comprising 4,096 keys across over 50 cities, around 81% of which are located in emerging markets in tier 2 and 3 cities. The hotel chain also boasts a portfolio of 40 hotels in the pre-opening phase, encompassing 1,831 rooms. (Source: JLL Report). We operate in the mid-market hotel sector, consisting of upscale, upper-midscale, midscale, and economy brands domestic as well as international. We primarily cater to guests across business, leisure, and religious tourism, delivering superior service standards at attractive price points.
- Market Cap ₹ 394 Cr.
- Current Price ₹ 162
- High / Low ₹ 200 / 149
- Stock P/E 36.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 21.3 %
- ROE 34.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 132% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
Cons
- Promoter holding has decreased over last quarter: -23.8%
- Company might be capitalizing the interest cost
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 3 | 3 | 2 | 4 | 7 | 35 | 48 | 69 | |
| 3 | 3 | 2 | 4 | 6 | 26 | 37 | 51 | |
| Operating Profit | 0 | 0 | 0 | -0 | 1 | 9 | 10 | 18 |
| OPM % | 14% | 14% | 10% | -4% | 8% | 25% | 21% | 26% |
| 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 |
| Profit before tax | 0 | 0 | -0 | -0 | 0 | 7 | 6 | 14 |
| Tax % | 108% | 78% | 183% | 29% | 53% | 48% | 13% | 27% |
| -0 | 0 | -0 | -0 | 0 | 4 | 5 | 10 | |
| EPS in Rs | -0.04 | 0.13 | -0.72 | -1.75 | 0.27 | 17.10 | 10.89 | 6.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 95% |
| 3 Years: | 118% |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 132% |
| 3 Years: | 408% |
| TTM: | 48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 27% |
| Last Year: | 35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 5 | 5 | 17 |
| Reserves | 18 | 18 | 18 | 17 | 17 | 20 | 26 | 25 |
| 0 | 0 | 0 | 1 | 2 | 46 | 46 | 57 | |
| 1 | 2 | 2 | 2 | 2 | 16 | 21 | 27 | |
| Total Liabilities | 21 | 22 | 22 | 23 | 23 | 87 | 97 | 127 |
| 12 | 12 | 12 | 13 | 12 | 53 | 50 | 50 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 11 | 18 | 22 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 | 10 | 9 | 10 | 11 | 23 | 28 | 55 | |
| Total Assets | 21 | 22 | 22 | 23 | 23 | 87 | 97 | 127 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -0 | 0 | 1 | 10 | 9 | ||||
| -1 | -0 | -1 | -12 | -9 | ||||
| 1 | -0 | -0 | 4 | -1 | ||||
| Net Cash Flow | -0 | 0 | 0 | 2 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 28 | 21 | 33 | 36 | 34 | 50 | |
| Inventory Days | 7 | 7 | 10 | 10 | 4 | |||
| Days Payable | 29 | 173 | 134 | 147 | 151 | |||
| Cash Conversion Cycle | -2 | -138 | -104 | -104 | -111 | 34 | 50 | |
| Working Capital Days | -30 | -34 | -4 | -98 | -77 | -375 | -218 | |
| ROCE % | 1% | -0% | -2% | 1% | 17% | 12% |
Documents
Announcements
-
General Updates
24 November 2025 - Comfort Inn Vindhyan Phase I opened 24 Nov 2025; 42 rooms planned; restaurant, café, 200-guest banquet.
-
Press Release
19 November 2025 - 30-year lease in Ujjain Narwar; Phase1 50 rooms, scalable to 120–200; near proposed airport; eligible for MP subsidy.
-
General Updates
19 November 2025 - Executed 30-year lease (12 Nov 2025) for 66,600 sq.ft Ujjain site; build 50-room hotel, scalable to 120.
-
General Updates
18 November 2025 - Revenue-share license for 27-room Comfort Inn Emerald hotel in Dapoli; operational from 1 Dec 2025.
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General Updates
17 November 2025 - Suba Hotels signed revenue-share Term Sheet to operate 60-room Quality Inn, Kalaburagi; operations from Feb 2026.
Business Profile[1]
Suba Hotels is one of India’s leading mid-scale hotel chains, operating through a diversified model that includes owned, managed, revenue share, and lease, and franchised properties. It has **1589 Hotels ** in its portfolio with a broad presence in tier-2 and tier-3 cities.