Lemon Tree Hotels
Lemon Tree Hotels Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Lemon Tree Hotels Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Lemon Tree Hotels Ltd trades at a P/E of 37.79× and P/B of 6.15×, against the Consumer Cyclical sector median P/E of 34.16×.
Valuation
Profitability
Growth
Financial Health
Lemon Tree Hotels Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Lemon Tree Hotels Ltd, switchable between annual and quarterly views, consolidated or standalone.
Lemon Tree Hotels Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹8,862.07 Cr and reported EPS of ₹2.87.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 484 | 550 | 669 | 252 | 402 | 875 | 1,071 | 1,286 | 1,445 |
| Other Income | 8 | 10 | 6 | 13 | 14 | 4 | 6 | 2 | 8 |
| Total Income | 492 | 559 | 675 | 265 | 416 | 879 | 1,077 | 1,288 | 1,453 |
| Cost of Goods Sold (COGS) | 44 | 50 | 57 | 18 | 28 | 50 | 63 | 76 | 85 |
| Gross Profit | 441 | 500 | 612 | 234 | 374 | 825 | 1,008 | 1,210 | 1,360 |
| +Operating Expenses | 305 | 331 | 374 | 173 | 256 | 378 | 485 | 576 | 669 |
| EBITDA | 136 | 169 | 238 | 61 | 119 | 448 | 523 | 634 | 691 |
| +Non-Operating Expenses | 126 | 134 | 244 | 289 | 278 | 274 | 314 | 340 | 273 |
| Profit Before Tax (PBT) | 18 | 44 | 0 | -215 | -146 | 177 | 215 | 296 | 360 |
| +Tax Expense | 4 | -11 | 11 | -32 | -7 | 38 | 34 | 53 | 71 |
| Profit After Tax (PAT) | 15 | 56 | -13 | -187 | -137 | 141 | 182 | 243 | 288 |
| Earnings Per Share (EPS) | 0.18 | 0.67 | -0.12 | -1.60 | -1.10 | 1.45 | 1.87 | 2.48 | 2.87 |
| Diluted Shares Outstanding (Nos.) | 79 | 79 | 79 | 79 | 79 | 79 | 79 | 79 | 79 |
| +Additional Disclosures | 519 | 569 | 726 | 434 | 541 | 778 | 958 | 1,114 | 1,204 |
| Sales Growth % | — | 13.47 | 21.83 | -62.40 | 59.80 | 117.53 | 22.42 | 20.07 | 12.32 |
| YoY Sales Growth % | — | 13.47 | 21.83 | -62.40 | 59.80 | 117.53 | 22.42 | 20.07 | 12.32 |
| Material Cost % | 9 | 9 | 9 | 7 | 7 | 6 | 6 | 6 | 6 |
| Employee Cost % | 23 | 22 | 23 | 28 | 24 | 17 | 18 | 17 | 17 |
| Other Cost % | 40 | 38 | 33 | 41 | 39 | 26 | 28 | 28 | 30 |
| OPM % | 28 | 31 | 36 | 24 | 30 | 51 | 49 | 49 | 48 |
| Tax % | 21 | -25 | 2,221 | 15 | 5 | 21 | 16 | 18 | 20 |
| Profit Growth % | — | 287.39 | -123.15 | -1,328.95 | 26.36 | 202.31 | 29.29 | 33.81 | 18.58 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 84 | 115 | 151 | -46 | 14 | 351 | 411 | 495 | 552 |
Lemon Tree Hotels segment analysis: revenue and profit mix.
Disclosed business segments at Lemon Tree Hotels with their share of revenue and profit, switchable between consolidated and standalone reporting.
Lemon Tree Hotels discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Lemon Tree Hotels Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Lemon Tree Hotels Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Lemon Tree Hotels Ltd's investment case rests on 7 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
Lemon Tree Hotels shows strong profitability with a high OPM of 49.40%, indicating efficient cost management and pricing power. A substantial 93.50% quarterly profit growth further highlights impressive operational momentum.
The company demonstrates a healthy Return on Equity (ROE) of 18.40%, indicating effective utilization of shareholder investments for profit generation. A Return on Capital Employed (ROCE) of 13.00% also points to efficient capital allocation.
Despite a high PE ratio of 60.80, the significant quarterly sales growth of 17.80% suggests strong future earnings potential, possibly justifying the current valuation. This growth is further supported by a robust 49.40% OPM.
FIIs and DIIs collectively hold a significant stake of over 41% (FII 21.45%, DII 19.71%) as of Sep 2025, indicating strong institutional investor confidence in Lemon Tree Hotels' long-term growth prospects and management.
The robust quarterly sales growth of 17.80% and profit growth of 93.50% suggest a strong demand environment for the hospitality sector, indicating potential for continued market share expansion and revenue growth.
What can break it.
Lemon Tree Hotels carries a high debt-to-equity ratio of 1.85, indicating significant reliance on debt financing. This could elevate financial risk, particularly during economic downturns or periods of reduced profitability.
Promoter holding stands at only 22.3%, which is comparatively low and could raise concerns about potential future dilution of ownership or lack of strong management commitment. This warrants further investigation.
The company's high Price-to-Earnings (PE) ratio of 60.80 is significantly above the sector PE of 49.94, suggesting a potentially overvalued stock. This could imply limited upside or increased risk of correction.
The company's high price-to-book value ratio of 11.20 suggests the market is pricing the stock at a significant premium to its net asset value. This could indicate overvaluation and increased risk of price correction.
The stock has shown recent volatility, with a -1.00% change on Oct 23rd and -0.79% on Oct 28th, 2025. This price fluctuation suggests market uncertainty and potential sensitivity to market sentiment and news.
What would change my mind.
Trim if P/E re-rates above 49 (~1.4× the sector multiple of 34.2). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 96.87. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 10%. The operating engine is no longer compounding capital efficiently.
Lemon Tree Hotels Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Lemon Tree Hotels Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Lemon Tree Hotels Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Lemon Tree Hotels Ltd — derived from the live tape, not yesterday's close.
Lemon Tree Hotels Ltd last traded at ₹111.86 with an intraday range of ₹108.51–₹112.21 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹111.86| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 120.61 | +8.75 | +7.82% |
| R3 | 116.91 | +5.05 | +4.51% |
| R2 | 114.56 | +2.70 | +2.41% |
| R1 | 113.21 | +1.35 | +1.21% |
| PIVOT | 110.86 | -1.00 | -0.89% |
| CURRENT | 111.86 | — | — |
| S1 | 102.11 | -9.75 | -8.72% |
| S2 | 105.81 | -6.05 | -5.41% |
| S3 | 107.16 | -4.70 | -4.20% |
| S4 | 109.51 | -2.35 | -2.10% |
LEMONTREE is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 108.51 ~ 109.6
Trading Above opening range, showing Bullishness
Lemon Tree Hotels Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Lemon Tree Hotels Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Lemon Tree Hotels Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Lemon Tree Hotels Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Lemon Tree Hotels Ltd stood at 53.2% of traded volume, against a 20-day average of 52.2%.
Lemon Tree Hotels announcements: results, concalls, ratings, M&A.
Filings Lemon Tree Hotels sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Lemon Tree Hotels files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 215 documents below.
Copy of Newspaper Publication
Lemon Tree Hotels Limited has informed the Exchange about Copy of Newspaper Publication
- 23 May 2026Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvalsView PDF
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
Lemon Tree Hotels Limited has informed the Exchange about the approval of Competition Commission of India
Press Release
Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated May 08, 2026, titled "Opening of Keys Select by Lemon Tree…
Press Release
Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated April 30, 2026, titled "Opening of Lemon Tree Premier, Biratnagar…
Updates
Lemon Tree Hotels Limited has informed the Exchange regarding 'Termination of Hotel Operating Agreement and License -Lemon Tree Hotel, Tarudhan…
Investor decks & rating reports.
Lemon Tree Hotels dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Lemon Tree Hotels has declared, sequenced by announce and record date.
Lemon Tree Hotels corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Lemon Tree Hotels Ltd: business, sector, key facts.
What Lemon Tree Hotels Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Lemon Tree Hotels Ltd operates in the Consumer Cyclical, listed as NSE: LEMONTREE, BSE: 541233.
Lemon Tree Hotels Limited is a hospitality company primarily focused on owning and operating a network of hotels catering to both business and leisure travelers. Its extensive portfolio encompasses a diverse range of brands, each designed to appeal to a specific segment of the market and price point. This multi-brand strategy allows Lemon Tree to offer accommodations ranging from budget-friendly options to upscale resorts, ensuring a broad appeal to a wider customer base and maximizing occupancy rates across different market conditions.
The company's core business centers on hotel operations within India and, to a lesser extent, internationally. They leverage a variety of brand names to differentiate their offerings. For example, Aurika Hotels and Resorts likely represents their premium segment, while Lemon Tree Premier and Lemon Tree Hotels may occupy the mid-range market, and Red Fox Hotels and the Keys brands (Keys Prima, Keys Select, and Keys Lite) likely cater to more budget-conscious travelers. This strategic branding allows them to capture market share across various price points and target different demographics.
Beyond hotel operations, Lemon Tree Hotels Limited expands its business portfolio through related services. They actively participate in project design and management, offering expertise to develop and oversee the construction or renovation of hospitality properties. This vertical integration allows them to control quality and potentially reduce costs associated with hotel development. Additionally, they provide housing rental services, suggesting diversification into the broader real estate market, potentially utilizing their expertise in property management for added revenue streams.
The company also offers digital transformation services, indicating a commitment to modernization and technological advancements within the hospitality sector. This could encompass various services such as website development, online booking systems, customer relationship management (CRM) solutions, and other digital strategies aimed at enhancing the guest experience and operational efficiency. This diversification demonstrates a proactive approach to adapting to the evolving needs of the hospitality industry and leveraging technology to gain a competitive edge.
In summary, Lemon Tree Hotels Limited's business model is multifaceted, integrating hotel operations across various brands and price points with related services like project management, housing rentals, and digital transformation services. This diversified approach positions the company for growth and stability within a competitive hospitality market, particularly in India where its primary operations are based.
Questions investors ask about Lemon Tree Hotels Ltd (LEMONTREE).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Lemon Tree Hotels Ltd (LEMONTREE)?
The current share price of Lemon Tree Hotels Ltd (LEMONTREE) is ₹111.86. Today, the stock has gained by ₹3.40 (3.13%), trading in a range of ₹108.51 to ₹112.21. The stock opened at ₹109.6 with a trading volume of 61,06,271 shares.
02Is Lemon Tree Hotels Ltd stock a good investment for long-term?
Lemon Tree Hotels Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹8,862.07 crores, P/E ratio of 37.79, ROE of 14.91%, and ROCE of 13.00%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Lemon Tree Hotels Ltd stock?
The 52-week high price of Lemon Tree Hotels Ltd (LEMONTREE) is ₹180.68, while the 52-week low is ₹99.61. Currently trading at ₹111.86, the stock is 15.1% away from its 52-week low and 38.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Lemon Tree Hotels Ltd stock at the current price?
Whether to buy Lemon Tree Hotels Ltd stock at ₹111.86 depends on multiple factors. The stock is currently trading with a P/E ratio of 37.79 and P/B ratio of 6.15. Today's performance shows a gain of 3.13%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Lemon Tree Hotels Ltd and when is the next dividend?
Lemon Tree Hotels Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹111.86, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Lemon Tree Hotels Ltd?
Lemon Tree Hotels Ltd's key financial metrics include: P/E Ratio: 37.79, P/B Ratio: 6.15, ROE: 14.91%, ROCE: 13.00%, Dividend Yield: 0.00%, EPS: ₹2.87, Book Value: ₹17.65, and Debt-to-Equity: 96.37. The company's market cap stands at ₹8,862.07 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Lemon Tree Hotels Ltd stock performing today in the market?
Lemon Tree Hotels Ltd stock opened at ₹109.6 and is currently trading at ₹111.86, showing a gain of ₹3.40 (3.13%). The intraday high is ₹112.21 and low is ₹108.51. The trading volume stands at 61,06,271 shares, indicating strong market participation today.
08What is the P/E ratio of Lemon Tree Hotels Ltd and what does it indicate?
Lemon Tree Hotels Ltd has a Price-to-Earnings (P/E) ratio of 37.79, which means investors are willing to pay ₹37.79 for every ₹1 of earnings. With an EPS of ₹2.87, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Lemon Tree Hotels Ltd (LEMONTREE) 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.
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