As of 6 Nov 2026, Apeejay Surrendra Park Hotels trades at 34.8× trailing earnings, above the industry P/E of 28.0×, and the shares are 31% below their 52-week high. Sales and net profit grew 11% and 11% a year over 3 years, with ROCE of 7.8% and ROE of 5.0%. Debt is 0.28× equity, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹2,218 Cr, ranked 12th of 54 Lodging companies by market cap; the shares fell 30% over the past year.
- ₹102.80
- ₹104.34
- ₹102.31
- ₹104.28
- 44.8K
Health check
- ReturnsBehind
−29.6% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 34.8 vs industry 28.0.
- GrowthSlow
Sales +11.4%, profit +11.0% a year over 3 years.
- ProfitabilityWeak
ROCE 7.8% vs peer median 16.2%.
- Balance sheetSolid
Debt 0.28× equity, interest covered 8.6×.
- Red flags3 to check
Return on equity is low at 5.0%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹2,218 Cr
- Small cap
- P/E
- 34.8
- Industry 28.0
- Price to book
- 1.64
- Peers 4.46
- Dividend yield
- 0.72%
- ROE
- 5.0%
- Peers 16.5%
- ROCE
- 7.8%
- Peers 16.2%
- Debt to equity
- 0.28
- Debt ₹373 Cr
- EPS (TTM)
- ₹2.99
- Face value ₹1
- OPM (TTM)
- 30.7%
- Net margin 8.9%
- Sales growth
- +8.1%
- Latest quarter vs a year ago
- Profit growth
- −14.3%
- Latest quarter vs a year ago
- Price to sales
- 3.08
- EV/EBITDA 11.0
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.0%.
- Quarterly profit down 14.3% on a year ago.
- 31% below its 52-week high.
About Apeejay Surrendra Park Hotels
Apeejay Surrendra Park Hotels Limited owns, operates, and manages hotels in India. The company operates hotels under THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone brands. It also operates restaurants, bars, night clubs, lounges, and cafés under the Flurys brand. The company was formerly known as Budget Hotels Limited and changed its name to Apeejay Surrendra Park Hotels Limited in March 2004. Apeejay Surrendra…
- Headquarters
- Kolkata
- Employees
- 2,363
- Sector
- Consumer Cyclical
- ISIN
- INE988S01028
- Website
- theparkhotels.com
Price range
- Avg volume (3M)
- 1.5 L
- 1-year return
- minus 29.6%
- From 52-week high
- minus 31.2%
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% |
| PARKHOTELSApeejay Surrendra Park Hotels | 103.97 | minus 0.30% | 2,218 | 34.8 | 1.64 | – | 4.7% | 15.5% | – | – | 0.72% | minus 29.6% |
| 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 |
|---|---|---|---|---|---|
| 154 | 165 | 200 | 184 | 167 | |
| 109 | 116 | 129 | 131 | 120 | |
| 45.4 | 49 | 70.6 | 53 | 46.9 | |
| 29.4% | 29.6% | 35.3% | 28.8% | 28.1% | |
| 2.3 | 1.2 | 1.5 | 0.8 | 4.8 | |
| 6.5 | 4.6 | 10.1 | 8.7 | 10.4 | |
| 18 | 17.7 | 19.4 | 19.2 | 21.1 | |
| −0.7 | −0.2 | −1.4 | −1.6 | – | |
| 22.4 | 27.8 | 41.2 | 24.2 | 20.2 | |
| 40.1% | 41.7% | 41.2% | 50.9% | 43.1% | |
| 13.4 | 16.2 | 24.2 | 11.9 | 11.5 | |
| 0.63 | 0.76 | 1.13 | 0.56 | 0.54 |
Profit & loss
- Sales CAGR 3Y
- +11.4%
- Profit CAGR 3Y
- +11.0%
- EPS CAGR 3Y
- +11.0%
- ROE
- 5.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 497 | 561 | 611 | 687 | |
| – | +13.0% | +8.8% | +12.5% | |
| 335 | 367 | 403 | 473 | |
| 162 | 195 | 208 | 214 | |
| 32.6% | 34.6% | 34.0% | 31.2% | |
| 8.3 | 10.4 | 5.3 | 3.3 | |
| 62.1 | 65.8 | 16.3 | 24.9 | |
| 49.3 | 50.5 | 61.8 | 74.4 | |
| 6.7 | 0 | 13.1 | −2.8 | |
| 65.5 | 88.7 | 148 | 116 | |
| 26.6% | 22.4% | 43.6% | 43.1% | |
| 48.1 | 68.8 | 83.6 | 65.7 | |
| – | +43.1% | +21.5% | minus 21.4% | |
| 2.25 | 3.82 | 3.92 | 3.08 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.5 | 21.3 | 21.3 | 21.3 | |
| 538 | 1,177 | 1,263 | 1,321 | |
| 617 | 99.9 | 168 | 373 | |
| 189 | 179 | 220 | 339 | |
| 1,362 | 1,477 | 1,672 | 2,054 | |
| 996 | 1,047 | 1,282 | 1,605 | |
| 34.6 | 57.5 | 74.8 | 80.4 | |
| 0 | 0 | 0 | 0 | |
| 17.2 | 62.2 | 77.7 | 102 | |
| 314 | 310 | 237 | 267 | |
| 1,362 | 1,477 | 1,672 | 2,054 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 176 | 168 | 158 | 182 | |
| −42.1 | −101 | −196 | −303 | |
| −126 | −39.6 | 4.2 | 115 | |
| 8 | 27.9 | −33.8 | −6.9 | |
| −42.1 | −119 | −151 | −295 | |
| 134 | 49.2 | 6.6 | −113 | |
| – | – | – | −10.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 8.7% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.