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 ₹ 276 Cr.
- Current Price ₹ 114
- High / Low ₹ 200 / 108
- Stock P/E 16.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 24.2 %
- ROE 37.9 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
Cons
- Promoter holding has decreased over last quarter: -23.8%
- Company might be capitalizing the interest cost
- Debtor days have increased from 45.8 to 58.0 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.
Peer comparison
Consumer Discretionary Consumer Services Leisure Services Hotels & Resorts
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 35 | 52 | 79 | |
| 26 | 39 | 56 | |
| Operating Profit | 9 | 13 | 23 |
| OPM % | 25% | 26% | 29% |
| 0 | 1 | 1 | |
| Interest | 0 | 0 | 2 |
| Depreciation | 3 | 2 | 3 |
| Profit before tax | 6 | 11 | 19 |
| Tax % | 54% | 21% | 22% |
| 3 | 9 | 15 | |
| EPS in Rs | 12.47 | 18.83 | 8.69 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 52% |
| Compounded Profit Growth | |
|---|---|
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| TTM: | 69% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| 3 Years: | 29% |
| Last Year: | 38% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 5 | 5 | 17 | 17 |
| Reserves | 19 | 28 | 30 | 36 |
| 46 | 46 | 50 | 57 | |
| 16 | 22 | 25 | 30 | |
| Total Liabilities | 85 | 100 | 123 | 141 |
| 51 | 50 | 49 | 50 | |
| CWIP | 11 | 18 | 21 | 22 |
| Investments | 0 | 0 | 0 | 0 |
| 23 | 32 | 52 | 68 | |
| Total Assets | 85 | 100 | 123 | 141 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 10 | 11 | 4 | |
| -12 | -8 | -5 | |
| 4 | -1 | 3 | |
| Net Cash Flow | 2 | 1 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 34 | 46 | 58 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 34 | 46 | 58 |
| Working Capital Days | -377 | -195 | -109 |
| ROCE % | 16% | 24% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
30 January 2026 - Transcript of 27 Jan 2026 investor call; Q3 FY26 revenue INR35.28 crore, 97 hotels, 4,517 keys.
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Analysts/Institutional Investor Meet/Con. Call Updates
27 January 2026 - Audio recording of 27 Jan 2026 investor/analyst conference call uploaded at provided link.
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Agreements
27 January 2026 - Executed binding term sheet to operate 58-room Quality Inn Gurugram on revenue-share with minimum guarantee; subject to due diligence.
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Agreements
27 January 2026 - Suba Hotels signed long-term GenX lease/revenue-share hotel operation agreement with Shan India for Jaipur brownfield property.
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Updates
24 January 2026 - Certificate confirming no dematerialisation requests for quarter ended 31 Dec 2025.
Concalls
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Jan 2026TranscriptPPT
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.