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 23.1
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 24.2 %
- ROE 37.9 %
- Face Value ₹ 10.0
Pros
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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| 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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General Updates
24 November 2025 - Comfort Inn Vindhyan Phase I opened 24 Nov 2025; 42 rooms planned; restaurant, café, 200-guest banquet.
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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.
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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.
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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.