Gujarat Hotels (BSE: GUJHOTE) had a P/E of 12.0× on 6 Nov 2026, below the industry P/E of 28.0×, and the shares are 22% below their 52-week high. Its ROCE of 7.2% is the lowest among the 7 largest Lodging peers, and sales and net profit grew 8.1% and 10.0% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. Its dividend yield is 1.6%. It is a small-cap company with a market cap of ₹69 Cr, ranked 39th of 54 Lodging companies by market cap; the shares fell 22% over the past year.
- ₹174.10
- ₹182.05
- ₹174.10
- ₹183.00
- 275
Health check
- ReturnsIn line
−21.6% over a year, better than 3 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSlow
Sales +8.1%, profit +10.0% a year over 3 years.
- ProfitabilityWeak
ROCE 7.2% vs peer median 16.2%.
- Balance sheetFair
Piotroski 4 of 9.
- Red flags1 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Defensive
Key metrics
- Market cap
- ₹69 Cr
- Small cap
- P/E
- 12.0
- Industry 28.0
- Price to book
- 1.26
- Peers 4.46
- Dividend yield
- 1.65%
- ROE
- 11.0%
- Peers 16.5%
- ROCE
- 7.2%
- Peers 16.2%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹15.13
- OPM (TTM)
- 89.0%
- Net margin 118.9%
- Sales growth
- +6.2%
- Latest quarter vs a year ago
- Profit growth
- +0.6%
- Latest quarter vs a year ago
- Price to sales
- 14.31
- EV/EBITDA 3.2
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
About Gujarat Hotels
Gujarat Hotels Limited engages in hotelier business in India. It operates the WelcomHotel Vadodara, a 5-star hotel in Vadodara. The company was incorporated in 1982 and is based in Vadodara, India.
- Headquarters
- Vadodara
- Employees
- 145
- Sector
- Consumer Cyclical
- ISIN
- INE621C01011
- Website
- gujarathotelsltd.in
Price range
- Avg volume (3M)
- 785
- 1-year return
- minus 21.6%
- From 52-week high
- minus 21.6%
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% |
| GUJHOTEGujarat Hotels | 182.00 | minus 0.55% | 69 | 12.0 | 1.26 | 7.2% | 11.0% | 89.0% | 8.1% | 10.0% | 1.65% | minus 21.6% |
| 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 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 0.8 | 1.3 | 1.6 | 0.9 | 1 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.7 | 1.2 | 1.5 | 0.8 | 0.8 | |
| 86.0% | 90.3% | 91.3% | 86.2% | 86.0% | |
| 1.1 | 0.8 | 0.6 | 1 | 0.7 | |
| 0 | 0 | 0 | 0 | 0 | |
| 1.7 | 1.9 | 2 | 1.8 | 1.5 | |
| 19.2% | 21.3% | 22.5% | 19.9% | 21.0% | |
| 1.4 | 1.5 | 1.6 | 1.5 | 1.2 | |
| 3.71 | 3.94 | 4.15 | 3.88 | 3.16 |
Profit & loss
- Sales CAGR 3Y
- +8.1%
- Profit CAGR 3Y
- +10.0%
- EPS CAGR 3Y
- +10.0%
- ROE
- 11.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.7 | 3.4 | 4.1 | 4.6 | |
| – | minus 6.0% | +19.3% | +12.6% | |
| 0.4 | 0.4 | 0.5 | 0.5 | |
| 3.2 | 3 | 3.6 | 4.1 | |
| 88.6% | 87.4% | 88.8% | 88.6% | |
| 0.1 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | |
| 1.9 | 2.9 | 3.3 | 3.1 | |
| 5.2 | 5.9 | 6.9 | 7.1 | |
| 17.7% | 19.3% | 23.6% | 20.8% | |
| 4.3 | 4.7 | 5.3 | 5.7 | |
| – | +11.1% | +12.2% | +6.8% | |
| 11.23 | 12.47 | 13.99 | 14.93 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.8 | 3.8 | 3.8 | 3.8 | |
| 36.4 | 40.3 | 44.7 | 49.2 | |
| 2.4 | 2.6 | 3.2 | 4.1 | |
| 42.6 | 46.8 | 51.7 | 57.1 | |
| 1.3 | 1.2 | 1.2 | 1.1 | |
| 38.1 | 43.2 | 47.7 | 52.3 | |
| 3.1 | 2.4 | 2.8 | 3.6 | |
| 42.6 | 46.8 | 51.7 | 57.1 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.8 | 2.9 | 2.2 | 2.7 | |
| −1.2 | −1.8 | −1.5 | −1.4 | |
| −0.8 | −0.8 | −0.9 | −1.1 | |
| −0.2 | 0.4 | −0.3 | 0.2 | |
| 1.8 | 2.9 | 2.2 | 2.7 | |
| −0.8 | −0.8 | −0.9 | −1.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 7.9% (Yahoo estimate).
Major shareholders
Filings & events
News
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