As of 6 Nov 2026, H S India trades at 10.2× trailing earnings, below the industry P/E of 28.0×, and the shares are 21% below their 52-week high. Sales and net profit grew 2.9% and 16% a year over 3 years; its ROCE of 7.9% is the lowest among the 7 largest Lodging peers. Debt is 0.37× equity. It is a small-cap company with a market cap of ₹18 Cr, ranked 51st of 54 Lodging companies by market cap; the shares fell 17% over the past year.
- ₹10.98
- ₹11.20
- ₹10.98
- ₹11.20
- 51
Health check
- ReturnsIn line
−17.0% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 10.2 vs industry 28.0.
- GrowthSlow
Sales +2.9%, profit +16.1% a year over 3 years.
- ProfitabilityWeak
ROCE 7.9% vs peer median 16.2%.
- Balance sheetFair
Debt 0.37× equity, interest covered 2.8×, Piotroski 7 of 9.
- Red flags1 to check
Return on equity is low at 5.0%.
Small cap
Defensive
Key metrics
- Market cap
- ₹18 Cr
- Small cap
- P/E
- 10.2
- Industry 28.0
- Price to book
- 0.54
- Peers 4.46
- Dividend yield
- 0.00%
- ROE
- 5.0%
- Peers 16.5%
- ROCE
- 7.9%
- Peers 16.2%
- Debt to equity
- 0.37
- Debt ₹12 Cr
- EPS (TTM)
- ₹1.10
- OPM (TTM)
- 14.1%
- Net margin 6.3%
- Sales growth
- +41.9%
- Latest quarter vs a year ago
- Profit growth
- +138.2%
- Latest quarter vs a year ago
- Price to sales
- 0.64
- EV/EBITDA 6.4
Strengths and risks
Strengths
- Quarterly profit up 138.2% on a year ago.
- Quarterly sales up 41.9% on a year ago.
- P/E of 10.2 against an industry P/E of 28.0.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.0%.
About H S India
H S India Limited engages in the hotels and restaurants business in India. Its hotel facilities include rooms; a multi cuisine restaurant under the BLUE CORIANDER name; a sky grill restaurant under the LIME TREE name; a business center; conference rooms; parking facilities; a liquor shop; a health club; and a health spa. The company was formerly known as Hotel Silver Plaza Limited and changed its name to H S India Limited in January 2001. H S India…
- Headquarters
- Mumbai
- Employees
- 137
- Sector
- Consumer Cyclical
- ISIN
- INE731B01010
- Website
- hsindia.in
Price range
- Avg volume (3M)
- 585
- 1-year return
- minus 17.0%
- From 52-week high
- minus 20.8%
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% | 0.48% | 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% |
| HOTLSILVH S India | 11.20 | 0.00% | 18 | 10.2 | 0.54 | 7.9% | 5.0% | 14.1% | 2.9% | 16.1% | 0.00% | minus 17.0% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 5.9 | 5.8 | 7.1 | 7.3 | 8.4 | |
| 5.4 | 5.2 | 5.9 | 5.9 | 7.6 | |
| 0.5 | 0.6 | 1.2 | 1.3 | 0.8 | |
| 8.7% | 10.5% | 17.3% | 18.6% | 10.1% | |
| 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | |
| 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | |
| 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | |
| 0.1 | 0.2 | 0.8 | 1 | 0.5 | |
| – | 41.2% | 24.3% | 24.3% | 39.7% | |
| 0.1 | 0.1 | 0.6 | 0.8 | 0.3 | |
| 0.08 | 0.07 | 0.38 | 0.47 | 0.18 |
Profit & loss
- Sales CAGR 3Y
- +2.9%
- Profit CAGR 3Y
- +16.1%
- EPS CAGR 3Y
- +14.9%
- ROE
- 5.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24 | 25.6 | 26.9 | 26.1 | |
| – | +6.8% | +5.2% | minus 3.1% | |
| 20.3 | 21.8 | 22.9 | 22.4 | |
| 3.7 | 3.8 | 4 | 3.7 | |
| 15.3% | 14.8% | 14.8% | 14.2% | |
| 0.7 | 0.8 | 0.4 | 0.5 | |
| 1.9 | 1.8 | 1.6 | 1.2 | |
| 1.1 | 1.1 | 0.9 | 0.9 | |
| – | −0 | 0 | – | |
| 1.3 | 1.6 | 1.9 | 2.1 | |
| 19.2% | 18.4% | 25.5% | 24.4% | |
| 1 | 1.3 | 1.4 | 1.6 | |
| – | +28.7% | +6.0% | +14.8% | |
| 0.66 | 0.79 | 0.86 | 1.00 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.2 | 16.2 | 16.2 | 16.2 | |
| 13.1 | 14.4 | 15.7 | 17.3 | |
| 20.9 | 19.2 | 16.3 | 12.4 | |
| 1.9 | 2.1 | 1.6 | 1.9 | |
| 52.1 | 51.8 | 49.8 | 47.8 | |
| 11.7 | 10.8 | 10.6 | 9.9 | |
| 0.1 | 0.2 | – | – | |
| 3 | 3 | 3 | 2.7 | |
| 10.4 | 8.7 | 5.7 | 5.1 | |
| 27 | 29.2 | 30.5 | 30.1 | |
| 52.1 | 51.8 | 49.8 | 47.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3 | 3.1 | 2 | 4.6 | |
| −0.5 | −0.2 | −0.7 | −0.2 | |
| −4.6 | −3.6 | −4.2 | −5 | |
| −2.1 | −0.8 | −2.9 | −0.6 | |
| −0.5 | −0.2 | −0.7 | −0.2 | |
| 2.5 | 2.8 | 1.3 | 4.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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