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 ₹ 290 Cr.
- Current Price ₹ 120
- High / Low ₹ 200 / 104
- Stock P/E 17.0
- 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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| 5 Years: | % |
| 3 Years: | % |
| 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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Average Daily Rate (ADR/ARR) INR |
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| Average Occupancy Rate % |
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| Number of Operational Hotels Count |
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| Number of Operational Keys Count |
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| Owned Keys Count |
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| Pre-opening Pipeline Keys Count |
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Documents
Announcements
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Agreements
16 March 2026 - 16-Mar-2026 binding term sheet for 46-room Comfort Inn franchise in Orai, Uttar Pradesh.
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Analysts/Institutional Investor Meet/Con. Call Updates
7 March 2026 - Management to participate in Bharat Connect Conference on 9 Mar 2026 at 2:00 PM (virtual).
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Agreements
4 March 2026 - Binding term sheet for 40-room Click Hotels property in Vijayawada; operations expected July 2026.
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Press Release
2 March 2026 - Opened Click Collection Ayodhya on 02-Mar-2026; 48 rooms, ~100-guest banquet, 3rd Ayodhya property.
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Capacity addition
2 March 2026 - Click Collection Ayodhya (48 rooms) commenced operations on 02.03.2026; third Suba property in Ayodhya.
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.