The Indian Hotels Company Financial Statements

Name: The Indian Hotels Company Financials — historical data
Creator: StockeZee

For Mar 2026, The Indian Hotels Company reported revenue of ₹9,689 crore and net profit of ₹2,084 crore. Return on equity stands at 14.20%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹9,689 Cr
EBITDA: ₹3,195 Cr
Operating margin: 32.97%
Profit after tax: ₹2,084 Cr
Net margin: 21.51%
EPS: ₹14.64
Latest year: Mar 2026
Years reported: 9

The Indian Hotels Company profit & loss

Reported annual performance for The Indian Hotels Company, oldest to newest. Figures in ₹ crore unless a row states otherwise.

The Indian Hotels Company annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	4,104	4,512	4,463	1,575	3,056	5,810	6,769	8,335	9,689
Sales Growth YoY %	—	9.95%	-1.08%	-64.71%	94.03%	90.1%	16.5%	23.13%	16.25%
Other Income	62	83	132	165	155	139	183	230	282
Total Income	4,165	4,595	4,596	1,740	3,211	5,949	6,952	8,565	9,971
Cost of Goods Sold (COGS)	376	404	371	144	257	473	521	774	951
Cost of Materials Consumed	376	404	371	144	257	473	521	774	951
Gross Profit	3,727	4,108	4,093	1,431	2,799	5,337	6,248	7,561	8,738
Gross Margin %	90.83%	91.04%	91.7%	90.87%	91.58%	91.86%	92.31%	90.72%	90.19%
Total Operating Expenses	3,057	3,278	3,125	1,793	2,394	3,532	4,091	4,791	5,544
Employee Benefit Expense	1,347	1,471	1,495	894	1,150	1,582	1,805	2,151	2,487
Other Expenses	1,710	1,807	1,630	899	1,244	1,950	2,286	2,641	3,057
EBITDA	670	830	968	-362	405	1,805	2,157	2,769	3,195
OPM %	16.34%	18.39%	21.68%	-22.97%	13.24%	31.06%	31.87%	33.23%	32.97%
Total Non-Operating Expenses	593	525	786	972	849	655	675	1,031	1,102
Depreciation & Amortisation	301	328	404	410	406	416	454	518	605
Finance Costs	269	190	341	403	428	236	220	208	221
Exceptional Items (Before Tax)	22	7	41	160	16	3	0	305	276
Profit Before Tax (PBT)	184	402	396	-850	-258	1,295	1,666	2,578	2,926
Tax Expense	121	157	45	-155	-36	323	464	617	731
Current Tax	138	179	169	1	3	248	444	615	725
Deferred Tax	-17	-21	-124	-156	-38	75	20	2	6
Effective Tax %	65.69%	39.11%	11.32%	18.28%	13.86%	24.97%	27.86%	23.93%	24.97%
Total Profit for Period	104	296	364	-796	-265	1,053	1,330	2,038	2,247
Less: Non-controlling Interests	3	9	9	-76	-17	50	71	131	163
Net Profit (Owner's PAT)	101	287	354	-720	-248	1,003	1,259	1,908	2,084
Net Profit Margin %	2.46%	6.36%	7.94%	-45.72%	-8.11%	17.26%	18.6%	22.89%	21.51%
PAT Growth YoY %	—	184.35%	23.57%	-303.18%	65.6%	504.73%	25.58%	51.51%	9.27%
Earnings Per Share (EPS)	₹0.76	₹2.17	₹2.68	₹-5.45	₹-1.74	₹7.06	₹8.85	₹13.4	₹14.64
Diluted Shares Outstanding (Cr.)	132	132	132	132	142	142	142	142	142
Profit/Loss from Associates	40	52	13	-101	-43	81	129	77	52
Other Comprehensive Income (Net of Tax)	156	-57	-8	267	110	32	318	42	201
Expenses	3,981	4,194	4,200	2,589	3,470	4,654	5,286	5,987	7,046
Material Cost %	9.17%	8.96%	8.3%	9.13%	8.42%	8.14%	7.69%	9.28%	9.81%
Employee Cost %	32.82%	32.6%	33.49%	56.76%	37.64%	27.23%	26.67%	25.8%	25.66%
Other Cost %	41.67%	40.06%	36.53%	57.08%	40.7%	33.57%	33.77%	31.68%	31.55%
Interest Coverage (x)	1.37	2.64	1.65	-1.91	-0	5.88	7.73	10.8	11.7

The Indian Hotels Company revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

The Indian Hotels Company balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

The Indian Hotels Company annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	5,148	5,122	4,283	7,655	8,642	10,129	12,416	14,939
Equity Share Capital	119	119	119	142	142	142	142	142
Reserves & Surplus	4,229	4,238	3,530	6,920	7,840	9,314	11,018	12,910
Equity Method Investments	688	672	578	548	651	782	701	567
Total Equity	5,148	5,122	4,283	7,655	8,642	10,129	12,416	14,939
Non-Current Liabilities	2,346	4,496	4,282	3,471	2,908	2,729	3,292	3,122
Long-term Borrowings	1,688	2,126	2,224	1,388	331	47	203	47
Deferred Tax Liabilities	377	187	78	88	157	144	147	161
Non-Current Provisions	102	121	92	95	107	98	130	186
Other Non-Current Liabilities	—	18	16	11	7	2	—	—
Non-Current Financial Liabilities	1,867	4,170	4,096	3,277	2,637	2,485	3,014	2,776
Current Liabilities	2,089	1,901	2,948	1,964	2,119	1,998	1,996	2,235
Short-term Borrowings	36	166	243	597	487	214	22	5
Trade Payables	325	389	318	387	477	519	578	720
Current Financial Liabilities	1,607	1,432	2,475	1,405	1,472	1,274	1,195	1,339
Other Current Financial Liabilities	1,247	876	1,915	421	508	541	595	615
Other Current Liabilities	301	281	267	328	400	449	509	561
Current Provisions	148	154	171	196	219	242	262	316
Current Tax Liabilities	33	34	35	35	29	33	30	19
Total Liabilities	4,436	6,397	7,230	5,434	5,027	4,727	5,288	5,358
Total Non-Current Assets	8,425	9,853	10,155	10,416	11,078	11,787	13,534	14,720
Property, Plant & Equipment (PPE)	5,233	6,854	7,258	7,239	7,615	8,110	9,632	10,381
Capital Work-in-Progress	116	243	165	193	324	231	576	764
Intangible Assets	606	590	569	553	550	539	575	708
Non-Current Investments	436	318	456	517	483	755	679	540
Loans – Non-Current	16	17	5	—	3	10	9	5
Other Non-Current Assets	612	348	317	499	536	439	363	339
Non-Current Financial Assets	518	453	539	602	583	877	831	741
Net Fixed Assets	5,955	7,687	7,992	7,986	8,489	8,880	10,783	11,852
Total Current Assets	1,150	1,661	1,356	2,673	2,590	3,068	4,170	5,577
Inventories	80	94	93	101	109	116	135	150
Trade Receivables	321	290	220	255	446	476	651	727
Cash & Cash Equivalents	189	251	94	784	736	479	257	406
Current Investments	211	436	449	902	757	724	899	2,500
Loans – Current	3	5	17	6	6	9	12	14
Current Financial Assets	937	1,208	928	2,432	2,342	2,791	3,874	5,230
Other Current Assets	133	132	132	140	139	161	161	197
Other Current Financial Assets	160	161	89	80	78	96	131	158
Assets Held for Sale	8	4	1	1	1	—	—	—
Current Tax Assets	—	228	203	—	—	—	—	—
Net Working Capital	-939	-239	-1,592	709	471	1,070	2,174	3,341
Additional Asset Fields	869	841	753	751	818	794	1,343	1,963
Def Tax Assets	69	77	118	158	158	122	88	76
Non Controlling Int	800	765	635	593	660	672	1,255	1,887
Total Assets	9,584	11,518	11,513	13,090	13,669	14,856	17,704	20,297
Total Borrowings	1,723	2,292	2,466	1,985	818	260	225	51
Net Debt	1,534	2,041	2,372	1,201	82	-219	-32	-355
Debt to Equity (x)	0.33	0.45	0.58	0.26	0.09	0.03	0.02	0
Current Ratio (x)	0.55	0.87	0.46	1.36	1.22	1.54	2.09	2.49

The Indian Hotels Company cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

The Indian Hotels Company annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	672	1,619	1,935	2,194	2,471
Profit Before Tax	-258	1,295	1,666	2,578	2,926
Depreciation & Amortisation	406	416	454	518	605
Finance Costs	428	236	220	208	221
Working Capital Changes	148	40	55	-23	39
Tax Paid	55	-250	-309	-581	-667
Net Cash from Investing Activities	-1,642	-145	-1,210	-1,892	-1,727
Purchase of PPE	-318	-471	-637	-1,074	-1,037
Sale of Fixed Assets	49	68	4	12	9
Interest Received	12	30	53	109	107
Net Cash from Financing Activities	1,659	-1,528	-985	-547	-976
Proceeds from Borrowings	1,521	59	138	275	99
Repayment of Borrowings	-3,176	-1,253	-709	-325	-461
Interest Paid	-281	-83	-67	-27	-22
Dividend Paid	-52	-64	-155	-252	-342
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-151	-187	-198	-218	-263
Net Change in Cash	688	-47	-257	-241	-218
Effect of Foreign Exchange Changes	0	6	2	4	14
Free Cash Flow	354	1,148	1,298	1,120	1,435
CFO / PBT (x)	-2.6	1.25	1.16	0.85	0.84

The Indian Hotels Company key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

The Indian Hotels Company valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	49.47
Forward P/E	Valuation	40.06
P/B	Valuation	8.14
PEG (TTM)	Valuation	1.78
EV / EBITDA (TTM)	Valuation	23.61
P/S (TTM)	Valuation	10.37
Operating margin	Profitability	33%
Net margin (TTM)	Profitability	23.05%
Return on equity	Return ratios	14.2%
Return on capital employed	Return ratios	17.1%
Return on assets	Return ratios	9.42%
Debt to equity	Leverage & liquidity	0.22
Beta	Leverage & liquidity	1.31
EPS (TTM)	Per share	₹15.28
Book value	Per share	₹91.7
Revenue / share (TTM)	Per share	₹70.77
Cash flow / share	Per share	₹17.36
Dividend yield	Shareholder returns	0.44%
Dividend payout (TTM)	Shareholder returns	37.49%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

The Indian Hotels Company: frequently asked questions

What is The Indian Hotels Company's annual revenue?

The Indian Hotels Company reported revenue of ₹9,689 crore in Mar 2026, up 16.3% on the previous financial year.

Is The Indian Hotels Company profitable?

The Indian Hotels Company reported a net profit of ₹2,084 crore in Mar 2026, up 9.3% on the previous financial year.

What is The Indian Hotels Company's EPS?

The Indian Hotels Company reported earnings per share of ₹14.64 for Mar 2026.

What is The Indian Hotels Company's operating margin?

The Indian Hotels Company's operating margin for Mar 2026 was 32.97%.

What is The Indian Hotels Company's return on equity?

The Indian Hotels Company's return on equity stands at 14.20%. ROE measures profit generated per rupee of shareholder equity.

How many years of The Indian Hotels Company financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about The Indian Hotels Company Limited (INDHOTEL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.