Ras Resorts and Apart Hotels (BSE: RASRESOR) had a P/E of 37.2× on 4 Nov 2026, above the industry P/E of 28.0×, and the shares are 19% below their 52-week high. Sales grew 0.8% a year over 3 years; its ROCE of 4.2% is the lowest among the 7 largest Lodging peers. Debt is 0.11× equity. It is a small-cap company with a market cap of ₹21 Cr, ranked 50th of 54 Lodging companies by market cap; the shares rose 31% over the past year.
- ₹55.00
- ₹55.00
- ₹52.85
- ₹52.85
- 41
Health check
- ReturnsAhead
+31.4% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 37.2 vs industry 28.0.
- GrowthSlow
Sales +0.8% a year over 3 years.
- ProfitabilityWeak
ROCE 4.2% vs peer median 16.2%.
- Balance sheetFair
Debt 0.11× equity, interest covered 3.2×, Piotroski 9 of 9.
- Red flags1 to check
Return on equity is low at 2.5%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹21 Cr
- Small cap
- P/E
- 37.2
- Industry 28.0
- Price to book
- 1.08
- Peers 4.46
- Dividend yield
- 0.00%
- ROE
- 2.5%
- Peers 16.5%
- ROCE
- 4.2%
- Peers 16.2%
- Debt to equity
- 0.11
- Debt ₹2.25 Cr
- EPS (TTM)
- ₹1.42
- OPM (TTM)
- 11.7%
- Net margin 3.5%
- Sales growth
- +22.8%
- Latest quarter vs a year ago
- Profit growth
- +30.6%
- Latest quarter vs a year ago
- Price to sales
- 1.51
- EV/EBITDA 15.9
Strengths and risks
Strengths
- Quarterly profit up 30.6% on a year ago.
- Quarterly sales up 22.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 2.5%.
About Ras Resorts and Apart Hotels
Ras Resorts and Apart Hotels Limited owns and operates a hotel and resort in India. It operates through Hoteliering and Real Estate segments. The company operates the Ras Resorts on the bank of the river Daman Ganga. Its resort offers standard, deluxe, and executive style rooms; restaurants and bars; children's playgrounds; adult and baby pools; health clubs and wellness center facilities; cake shops; conference and banquet halls; lawns for social…
- Headquarters
- Mumbai
- Employees
- 9
- Sector
- Consumer Cyclical
- ISIN
- INE651D01016
- Website
- rrahl.com
Price range
- Avg volume (3M)
- 401
- 1-year return
- plus 31.4%
- From 52-week high
- minus 18.6%
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% |
| RASRESORRas Resorts and Apart Hotels | 52.85 | 0.00% | 21 | 37.2 | 1.08 | 4.2% | 2.5% | 11.7% | 0.8% | – | 0.00% | plus 31.4% |
| 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 |
|---|---|---|---|---|---|
| 2.9 | 2.4 | 3.8 | 3.9 | 3.6 | |
| 2.5 | 2.2 | 3.2 | 3.6 | 3.1 | |
| 0.4 | 0.3 | 0.6 | 0.3 | 0.4 | |
| 13.4% | 10.3% | 15.8% | 8.4% | 12.1% | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | |
| 0.2 | 0.1 | 0.4 | 0.1 | 0.2 | |
| 23.7% | 8.5% | 24.6% | 49.7% | 26.5% | |
| 0.1 | 0 | 0.3 | 0.1 | 0.2 | |
| 0.31 | 0.12 | 0.75 | 0.15 | 0.40 |
Profit & loss
- Sales CAGR 3Y
- +0.8%
- ROE
- 2.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.6 | 13.1 | 12.9 | 12.9 | |
| – | +3.4% | minus 1.1% | +0.2% | |
| 11.9 | 11.8 | 11.7 | 11.4 | |
| 0.8 | 1.2 | 1.2 | 1.5 | |
| 6.0% | 9.3% | 9.6% | 11.5% | |
| 0.5 | 0.2 | 0.3 | 0.2 | |
| 0.7 | 0.6 | 0.5 | 0.3 | |
| 0.5 | 0.5 | 0.5 | 0.5 | |
| 0 | −0 | – | −0.1 | |
| 0.1 | 0.3 | 0.5 | 0.7 | |
| 105.9% | 38.1% | 29.2% | 27.3% | |
| −0 | 0.2 | 0.3 | 0.5 | |
| – | – | +78.9% | +60.0% | |
| -0.02 | 0.46 | 0.82 | 1.32 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4 | 4 | 4 | 4 | |
| 18.3 | 15.6 | 15.2 | 15.8 | |
| 5 | 4.5 | 4.1 | 2 | |
| 7.9 | 7.3 | 6.7 | 6.4 | |
| 35.3 | 31.4 | 29.9 | 28.2 | |
| 32.5 | 28.1 | 26.2 | 25.7 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.5 | 0.5 | 0.4 | 0 | |
| 0.2 | 0.7 | 1.6 | 0.7 | |
| 2 | 1.9 | 1.6 | 1.6 | |
| 35.3 | 31.4 | 29.9 | 28.2 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.1 | 1.5 | 1.3 | 1.4 | |
| −0.6 | −0.2 | 0.1 | −0 | |
| −1.7 | −0.8 | −0.5 | −2.3 | |
| −0.2 | 0.5 | 0.9 | −1 | |
| −0.7 | −0.2 | −0 | −0 | |
| 1.4 | 1.3 | 1.3 | 1.4 | |
| – | −0 | – | – |
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.