On 6 Nov 2026, Royale Manor Hotels and Industries was priced at ₹24.47, or 20.1× trailing earnings, against an industry P/E of 28.0×, and the shares are 44% below their 52-week high. Its ROCE of 5.5% is the lowest among the 7 largest Lodging peers, and sales grew 0.4% a year over 3 years while net profit fell 14%. Debt is 0.11× equity. It is a small-cap company with a market cap of ₹49 Cr, ranked 42nd of 54 Lodging companies by market cap; the shares fell 41% over the past year.
- ₹24.58
- ₹25.00
- ₹24.00
- ₹24.60
- 1K
Health check
- ReturnsBehind
−40.9% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 20.1 vs industry 28.0.
- GrowthSlow
Sales +0.4%, profit −14.2% a year over 3 years.
- ProfitabilityWeak
ROCE 5.5% vs peer median 16.2%.
- Balance sheetSolid
Debt 0.11× equity, interest covered 9.1×, Piotroski 6 of 9.
- Red flags2 to check
Return on equity is low at 3.8%.
Small cap
Defensive
Key metrics
- Market cap
- ₹49 Cr
- Small cap
- P/E
- 20.1
- Industry 28.0
- Price to book
- 0.76
- Peers 4.46
- Dividend yield
- 0.00%
- ROE
- 3.8%
- Peers 16.5%
- ROCE
- 5.5%
- Peers 16.2%
- Debt to equity
- 0.11
- Debt ₹6.84 Cr
- EPS (TTM)
- ₹1.22
- OPM (TTM)
- 15.6%
- Net margin 10.5%
- Sales growth
- +14.1%
- Latest quarter vs a year ago
- Profit growth
- +106.3%
- Latest quarter vs a year ago
- Price to sales
- 2.11
- EV/EBITDA 7.3
Strengths and risks
Strengths
- Quarterly profit up 106.3% on a year ago.
- P/E of 20.1 against an industry P/E of 28.0.
Risks to check
- Return on equity is low at 3.8%.
- 44% below its 52-week high.
About Royale Manor Hotels and Industries
Royale Manor Hotels and Industries Limited engages in the hotel and restaurant business in India. It operates The Ummed, a five-star hotel located in Ahmedabad. The company was formerly known as Royal Manor Hotels Limited and changed its name to Royale Manor Hotels and Industries Limited in November 1991. Royale Manor Hotels and Industries Limited was incorporated in 1991 and is based in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Employees
- 129
- Sector
- Consumer Cyclical
- ISIN
- INE008C01011
- Website
- rmhil.com
Price range
- Avg volume (3M)
- 1.2K
- 1-year return
- minus 40.9%
- From 52-week high
- minus 44.4%
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% |
| RAYALEMARoyale Manor Hotels and Industries | 24.47 | minus 0.53% | 49 | 20.1 | 0.76 | 5.5% | 3.8% | 15.6% | 0.4% | −14.2% | 0.00% | minus 40.9% |
| 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 |
|---|---|---|---|---|---|
| 4.3 | 4.4 | 6.6 | 7.1 | 4.9 | |
| 4.3 | 4.2 | 5.4 | 5 | 4.8 | |
| 0 | 0.2 | 1.2 | 2.1 | 0.1 | |
| 1.0% | 4.3% | 18.3% | 29.0% | 2.8% | |
| 0.4 | 0.4 | 0.4 | 0.8 | 0.4 | |
| 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | |
| 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | |
| – | – | – | −0 | – | |
| 0 | 0 | 0.9 | 2.3 | 0 | |
| 17.2% | – | 15.2% | 33.4% | – | |
| 0 | 0 | 0.8 | 1.6 | 0 | |
| 0.01 | 0.02 | 0.39 | 0.79 | 0.02 |
Profit & loss
- Sales CAGR 3Y
- +0.4%
- Profit CAGR 3Y
- −14.2%
- EPS CAGR 3Y
- −16.9%
- ROE
- 3.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.1 | 23.4 | 23.2 | 22.4 | |
| – | +5.8% | minus 1.0% | minus 3.4% | |
| 16.4 | 17.7 | 19.1 | 18.9 | |
| 5.8 | 5.7 | 4.1 | 3.5 | |
| 26.0% | 24.5% | 17.8% | 15.6% | |
| 0.9 | 1.5 | 1.8 | 1.6 | |
| 0.7 | 0.6 | 0.4 | 0.4 | |
| 1 | 1 | 1.2 | 1.5 | |
| – | −0 | −0 | 0.1 | |
| 4.9 | 5.6 | 4.3 | 3.3 | |
| 22.9% | 24.8% | 27.3% | 27.9% | |
| 3.8 | 4.2 | 3.1 | 2.4 | |
| – | +11.2% | minus 26.4% | minus 22.9% | |
| 2.11 | 2.21 | 1.56 | 1.21 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18.9 | 19.8 | 19.8 | 19.8 | |
| 33 | 38.4 | 41.5 | 43.9 | |
| 9.4 | 8.6 | 5.8 | 6.8 | |
| 4.9 | 4.4 | 4 | 4.2 | |
| 66.2 | 71.3 | 71.2 | 74.8 | |
| 25.8 | 26.3 | 30.2 | 34.6 | |
| 6.8 | 6.8 | 8 | 8.6 | |
| 2.9 | 2.9 | 2.9 | 3.9 | |
| 3.3 | 4 | 19.8 | 18.8 | |
| 27.5 | 31.3 | 10.3 | 9 | |
| 66.2 | 71.3 | 71.2 | 74.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.7 | 2.3 | −2.1 | 8.1 | |
| 0.6 | 0 | −3.3 | −4.3 | |
| −8.3 | −1.5 | 5.4 | −3.1 | |
| 3 | 0.7 | 0 | 0.7 | |
| −1.5 | −1.6 | −5.2 | −6 | |
| 9.3 | 0.7 | −7.3 | 2.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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