As of 6 Nov 2026, EIH Associated Hotels trades at 19.7× trailing earnings, below the industry P/E of 28.0×, and the shares are 25% below their 52-week high. Its ROCE of 18% is the second-highest among the 7 largest Lodging peers, and sales and net profit grew 4.4% and 10% a year over 3 years. It has almost no debt, and its dividend yield is 1.2%. It is a small-cap company with a market cap of ₹1,731 Cr, ranked 15th of 54 Lodging companies by market cap; the shares fell 24% over the past year.
- ₹265.35
- ₹286.95
- ₹265.35
- ₹290.75
- 15.4K
Health check
- ReturnsBehind
−23.8% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 19.7 vs industry 28.0.
- GrowthSlow
Sales +4.4%, profit +10.5% a year over 3 years.
- ProfitabilityAverage
ROCE 18.1% vs peer median 16.2%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags1 to check
Quarterly sales down 4.0% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,731 Cr
- Small cap
- P/E
- 19.7
- Industry 28.0
- Price to book
- 2.87
- Peers 4.46
- Dividend yield
- 1.20%
- ROE
- 15.3%
- Peers 16.5%
- ROCE
- 18.1%
- Peers 16.2%
- Debt to equity
- 0.01
- Debt ₹4.29 Cr
- EPS (TTM)
- ₹14.42
- Face value ₹10
- OPM (TTM)
- 30.7%
- Net margin 23.1%
- Sales growth
- −4.0%
- Latest quarter vs a year ago
- Profit growth
- +11.6%
- Latest quarter vs a year ago
- Price to sales
- 4.54
- EV/EBITDA 13.0
Strengths and risks
Strengths
- Practically debt-free.
- Net margin of 23.1%.
- P/E of 19.7 against an industry P/E of 28.0.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly sales down 4.0% on a year ago.
About EIH Associated Hotels
EIH Associated Hotels Limited operates as a luxury hospitality company in India. The company offers hotel services, including accommodation, food and beverages, laundry, spa, guest transfer, membership, loyalty program, and other allied services. It operates the Oberoi Cecil hotel in Shimla and the Oberoi Rajvilas resort in Jaipur, as well as hotels under the Trident name in Bhubaneswar, Chennai, Jaipur, Udaipur, and Agra. The company serves individuals,…
- Headquarters
- Delhi
- Employees
- 443
- Sector
- Consumer Cyclical
- ISIN
- INE276C01014
- Website
- eihassociatedhotels.in
Price range
- Avg volume (3M)
- 16.1K
- 1-year return
- minus 23.8%
- From 52-week high
- minus 24.8%
Peers · Lodging
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INDHOTELIndian Hotels Co. | 888.00 | plus 1.49% | 1,26,401 | 57.2 | 9.27 | 17.4% | 16.5% | 32.9% | 18.6% | 27.6% | 0.37% | plus 17.7% |
| THELEELALeela Palaces Hotels & Resorts | 692.30 | plus 0.37% | 23,120 | 37.2 | 3.53 | 8.3% | 7.2% | 48.9% | 21.1% | – | 0.00% | plus 56.7% |
| EIHOTELEIH | 313.05 | plus 1.72% | 19,577 | 27.5 | 3.72 | 16.2% | 12.7% | 34.1% | 13.3% | 25.9% | 0.49% | minus 22.9% |
| CHALETChalet Hotels | 810.70 | minus 1.52% | 17,754 | 30.1 | 4.46 | 16.6% | 19.1% | 44.1% | 34.9% | 52.1% | 0.24% | minus 14.4% |
| VENTIVEVentive Hospitality | 540.55 | plus 1.53% | 12,624 | 28.0 | 2.23 | 9.7% | 8.3% | 43.2% | 13.0% | – | 0.00% | minus 27.8% |
| LEMONTREELemon Tree Hotels | 117.39 | minus 0.12% | 9,295 | 39.5 | 6.16 | 13.5% | 17.8% | 47.5% | 16.3% | 25.6% | 0.00% | minus 30.0% |
| ITDCIndia Tourism Development Corporation | 630.65 | minus 0.30% | 5,409 | 65.6 | 12.80 | 26.6% | 21.1% | 17.0% | 4.6% | 14.5% | 0.47% | plus 3.2% |
| EIHAHOTELSEIH Associated Hotels | 284.10 | minus 2.29% | 1,731 | 19.7 | 2.87 | 18.1% | 15.3% | 30.7% | 4.4% | 10.5% | 1.20% | minus 23.8% |
| Median of 7 peers | – | 0.37% | 17,754 | 37.2 | 4.46 | 16.2% | 16.5% | 43.2% | 16.3% | 25.9% | 0.24% | −14.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 68.7 | 58.3 | 129 | 127 | 66 | |
| 59.8 | 55.7 | 71.9 | 77.5 | 58.8 | |
| 9 | 2.7 | 57.5 | 49.7 | 7.1 | |
| 13.1% | 4.6% | 44.4% | 39.0% | 10.8% | |
| 4.9 | 4.5 | 4.8 | 5.3 | 5.9 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 4.2 | 4.2 | 4.2 | 4.4 | 4.4 | |
| −1.3 | 0.8 | −3.3 | – | – | |
| 8.3 | 3.7 | 54.7 | 50.5 | 8.5 | |
| 25.4% | 24.3% | 25.7% | 25.4% | 18.5% | |
| 6.2 | 2.8 | 40.6 | 37.6 | 6.9 | |
| 1.01 | 0.45 | 6.66 | 6.18 | 1.13 |
Profit & loss
- Sales CAGR 3Y
- +4.4%
- Profit CAGR 3Y
- +10.5%
- EPS CAGR 3Y
- +10.5%
- ROE
- 15.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 337 | 385 | 408 | 384 | |
| – | +14.2% | +6.1% | minus 6.0% | |
| 241 | 270 | 279 | 263 | |
| 95.6 | 114 | 129 | 120 | |
| 28.4% | 29.7% | 31.6% | 31.4% | |
| 1.2 | 2.2 | 6.3 | 6.7 | |
| 0.4 | 0.4 | 0.4 | 0.4 | |
| 16.5 | 16.9 | 17.2 | 17 | |
| 5 | 9.5 | 5.6 | 7.5 | |
| 84.8 | 109 | 123 | 117 | |
| 23.8% | 25.5% | 25.5% | 25.5% | |
| 64.6 | 81 | 91.8 | 87.2 | |
| – | +25.4% | +13.4% | minus 5.1% | |
| 10.61 | 13.30 | 15.07 | 14.31 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30.5 | 30.5 | 60.9 | 60.9 | |
| 366 | 432 | 476 | 541 | |
| 5 | 4 | 4.3 | 4.3 | |
| 103 | 96.6 | 110 | 118 | |
| 504 | 563 | 651 | 724 | |
| 289 | 310 | 306 | 348 | |
| 12.8 | 7.9 | 17.5 | 52.5 | |
| 0.1 | 0 | 0.1 | 92.1 | |
| 158 | 193 | 270 | 216 | |
| 45 | 52.9 | 57.1 | 15.7 | |
| 504 | 563 | 651 | 724 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 91.2 | 77.5 | 109 | 100 | |
| −88.7 | −63.8 | −89 | −79.7 | |
| −1.7 | −16.9 | −19 | −22.1 | |
| 0.8 | −3.2 | 0.8 | −1.5 | |
| −19.7 | −37.4 | −27.9 | −60.6 | |
| 71.5 | 40.2 | 80.8 | 39.8 | |
| −0.1 | −15.3 | −18.2 | −21.3 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 13.5% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.