On 5 Nov 2026, Howard Hotels was priced at ₹17.50, or 145.8× trailing earnings, against an industry P/E of 28.0×, and the shares are 40% below their 52-week high. Its ROCE of 5.0% is the lowest among the 7 largest Lodging peers, and sales grew 15% a year over 3 years while net profit fell 23%. Debt is 0.27× equity. It is a small-cap company with a market cap of ₹16 Cr, ranked 53rd of 54 Lodging companies by market cap; the shares fell 29% over the past year.
- ₹17.51
- ₹18.95
- ₹17.50
- ₹17.50
- 4.3K
Health check
- ReturnsBehind
−28.6% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 145.8 vs industry 28.0.
- GrowthSlow
Sales +15.0%, profit −23.4% a year over 3 years.
- ProfitabilityWeak
ROCE 5.0% vs peer median 16.2%.
- Balance sheetFair
Debt 0.27× equity, interest covered 2.3×, Piotroski 7 of 9.
- Red flags4 to check
Return on equity is low at 2.9%.
Small cap
Defensive
Key metrics
- Market cap
- ₹16 Cr
- Small cap
- P/E
- 145.8
- Industry 28.0
- Price to book
- 1.34
- Peers 4.46
- Dividend yield
- 0.00%
- ROE
- 2.9%
- Peers 16.5%
- ROCE
- 5.0%
- Peers 16.2%
- Debt to equity
- 0.27
- Debt ₹3.25 Cr
- EPS (TTM)
- ₹0.12
- OPM (TTM)
- 8.2%
- Net margin 0.7%
- Sales growth
- −15.7%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.06
- EV/EBITDA 13.8
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 2.9%.
- Quarterly sales down 15.7% on a year ago.
- P/E of 145.8 against an industry P/E of 28.0.
- 40% below its 52-week high.
About Howard Hotels
Howard Hotels Limited owns, operates, and manages hotels, palaces, and resorts in India. Howard Hotels Limited was incorporated in 1989 and is based in Agra, India.
- Headquarters
- Agra
- Employees
- 77
- Sector
- Consumer Cyclical
- ISIN
- INE931B01016
- Website
- howardhotelsltd.com
Price range
- Avg volume (3M)
- 908
- 1-year return
- minus 28.6%
- From 52-week high
- minus 40.3%
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% |
| HOWARHOHoward Hotels | 17.50 | 0.00% | 16 | 145.8 | 1.34 | 5.0% | 2.9% | 8.2% | 15.0% | −23.4% | 0.00% | minus 28.6% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 3.2 | 2.7 | 5.3 | 4.4 | 2.7 | |
| 3.3 | 3.2 | 3.8 | 3.8 | 3.2 | |
| −0.2 | −0.5 | 1.5 | 0.6 | −0.5 | |
| −4.7% | −17.8% | 28.7% | 14.6% | −17.5% | |
| 0 | 0 | 0 | 0.1 | 0.1 | |
| 0.1 | 0.1 | 0.1 | 0 | 0.1 | |
| 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | |
| −0.5 | −0.8 | 1.2 | 0.5 | −0.7 | |
| – | – | – | 21.1% | – | |
| −0.5 | −0.8 | 1.2 | 0.4 | −0.7 | |
| -0.51 | -0.88 | 1.29 | 0.47 | -0.76 |
Profit & loss
- Sales CAGR 3Y
- +15.0%
- Profit CAGR 3Y
- −23.4%
- EPS CAGR 3Y
- −23.0%
- ROE
- 2.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.3 | 13.2 | 16.2 | 15.6 | |
| – | +28.2% | +22.9% | minus 3.4% | |
| 8.5 | 11.3 | 14.3 | 14 | |
| 1.8 | 1.9 | 1.8 | 1.6 | |
| 17.6% | 14.4% | 11.4% | 10.2% | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.1 | 0.2 | 0.4 | 0.3 | |
| 0.5 | 0.6 | 1 | 1 | |
| – | 0.1 | 0 | 0 | |
| 1.2 | 1.3 | 0.6 | 0.4 | |
| 36.7% | 25.5% | 25.6% | 25.4% | |
| 0.7 | 1 | 0.4 | 0.3 | |
| – | +28.3% | minus 55.1% | minus 21.8% | |
| 0.81 | 1.04 | 0.47 | 0.37 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.1 | 9.1 | 9.1 | 9.1 | |
| 1 | 1.9 | 2.4 | 2.7 | |
| 2.6 | 5.1 | 4.6 | 3.3 | |
| 2.4 | 3.5 | 3.2 | 3.3 | |
| 15.1 | 19.6 | 19.3 | 18.4 | |
| 13 | 15.9 | 15.8 | 15.3 | |
| 0.4 | – | – | – | |
| 0.1 | 0.1 | 0.3 | 0.2 | |
| 0.7 | 1.7 | 2 | 1.9 | |
| 1 | 1.9 | 1.2 | 1 | |
| 15.1 | 19.6 | 19.3 | 18.4 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.5 | 2.2 | 2.1 | 2 | |
| −0.9 | −3.5 | −1.9 | −0.3 | |
| 0.1 | 2.2 | −0.9 | −1.7 | |
| 0.6 | 1 | −0.7 | 0 | |
| −0.9 | −3.7 | −0.9 | −0.5 | |
| 0.5 | −1.5 | 1.2 | 1.6 |
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
No recent news coverage found.