On 6 Nov 2026, Elevate Campuses was priced at ₹279.25, or 22.7× trailing earnings, against an industry P/E of 28.0×, and the shares are 25% below their 52-week high. Its ROCE of 8.8% is the second-lowest among the 7 largest Lodging peers, and sales and net profit grew 23% and 77% a year over 3 years. Debt is 4.31× equity. It is a small-cap company with a market cap of ₹4,706 Cr, ranked 8th of 54 Lodging companies by market cap; the shares fell 14% over the past year.
- ₹286.00
- ₹286.00
- ₹277.00
- ₹286.10
- 1.9 L
Health check
- ReturnsIn line
−13.5% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 22.7 vs industry 28.0.
- GrowthStrong
Sales +22.9%, profit +77.0% a year over 3 years.
- ProfitabilityWeak
ROCE 8.8% vs peer median 16.2%.
- Balance sheetStretched
Debt 4.31× equity, interest covered 1.8×, Piotroski 5 of 9.
- Red flags3 to check
Debt is 4.31× equity.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹4,706 Cr
- Small cap
- P/E
- 22.7
- Industry 28.0
- Price to book
- 0.65
- Peers 4.46
- Dividend yield
- 0.00%
- ROE
- 13.8%
- Peers 16.5%
- ROCE
- 8.8%
- Peers 16.2%
- Debt to equity
- 4.31
- Debt ₹4,122 Cr
- EPS (TTM)
- ₹12.28
- Face value ₹1
- OPM (TTM)
- 56.3%
- Net margin 14.3%
- Sales growth
- +31.3%
- Latest quarter vs a year ago
- Profit growth
- −71.3%
- Latest quarter vs a year ago
- Price to sales
- 7.58
- EV/EBITDA 10.3
Strengths and risks
Strengths
- Quarterly sales up 31.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Debt is 4.31× equity.
- Quarterly profit down 71.3% on a year ago.
- Interest coverage of only 1.8×.
About Elevate Campuses
Elevate Campuses Limited owns, operates, and manages on-campus student accommodations and K-12 schools in India. Its student accommodations include furnished rooms, dining services, on-site laundry, 24/7 security, recreation and activity zones, and collaborative study areas, as well as tech-enabled institutional platform for student communication. The company also leases school properties to school operators. It operates accommodations under the Good Host…
- Headquarters
- Mumbai
- Employees
- 42
- Sector
- Consumer Cyclical
- ISIN
- INE147X01013
- Website
- goodhostspaces.com
Price range
- Avg volume (3M)
- 30.6 L
- 1-year return
- minus 13.5%
- From 52-week high
- minus 25.1%
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% | 0.48% | 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% | 0.25% | 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 | 36.1 | 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% |
| ELEVATEElevate Campuses | 279.25 | minus 2.39% | 4,706 | 22.7 | 0.65 | 8.8% | 13.8% | 56.3% | 22.9% | 77.0% | 0.00% | minus 13.5% |
| Median of 7 peers | – | 0.37% | 17,754 | 36.1 | 4.46 | 16.2% | 16.5% | 43.2% | 16.3% | 25.9% | 0.25% | −14.4% |
Quarterly results
| ₹ Cr | Jun 25 | Jun 26 |
|---|---|---|
| 167 | 219 | |
| 39.5 | 54.4 | |
| 127 | 165 | |
| 76.3% | 75.2% | |
| 9.2 | 8.9 | |
| 65.4 | 83 | |
| 26.2 | 41.2 | |
| 109 | −6.9 | |
| 154 | 42.4 | |
| 22.7% | 19.7% | |
| 119 | 34.1 | |
| 7.05 | 2.02 |
Profit & loss
- Sales CAGR 3Y
- +22.9%
- Profit CAGR 3Y
- +77.0%
- EPS CAGR 3Y
- +77.0%
- ROE
- 13.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 435 | 562 | 610 | 807 | |
| – | +29.2% | +8.7% | +32.2% | |
| 155 | 209 | 211 | 221 | |
| 280 | 352 | 399 | 586 | |
| 64.3% | 62.8% | 65.4% | 72.6% | |
| 15.5 | 26.1 | 34.3 | 40.3 | |
| 182 | 234 | 225 | 334 | |
| 43.8 | 48.8 | 51.2 | 102 | |
| −16.8 | −16.8 | −45.3 | 70.8 | |
| 52.5 | 78.9 | 112 | 261 | |
| 29.0% | 86.9% | 39.3% | 20.7% | |
| 37.3 | 10.3 | 68.1 | 207 | |
| – | minus 72.3% | +559.6% | +204.0% | |
| 2.21 | 0.61 | 4.04 | 12.28 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,109 | 1,118 | 1,118 | 1,118 | |
| 83 | 131 | 223 | 534 | |
| 1,572 | 1,920 | 2,235 | 4,854 | |
| 378 | 673 | 743 | 871 | |
| 3,142 | 3,842 | 4,319 | 7,377 | |
| 14.6 | 14.3 | 9.4 | 10.5 | |
| 24.6 | 33.4 | 31.8 | 101 | |
| 375 | 264 | 363 | 356 | |
| 2,728 | 3,530 | 3,915 | 6,910 | |
| 3,142 | 3,842 | 4,319 | 7,377 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 245 | 264 | 219 | 297 | |
| 26.2 | −119 | −104 | −3,184 | |
| −239 | −151 | 115 | 2,679 | |
| 32.4 | −6.4 | 229 | −208 | |
| −10.5 | −10.1 | −7 | −2,425 | |
| 235 | 254 | 212 | −2,128 | |
| – | −13.1 | – | – |
Shareholding pattern
- Promoters65.58%
- Public34.42%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 65.58% | 34.42% | 0.00 | |
| 29 Sep 2026 | 65.58% | 34.42% | – |
Major shareholders
Filings & events
News
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