Chalet Hotels logo

Chalet Hotels share price

NSE: CHALETBSE: 542399Leisure ServicesSmall Cap

Chalet Hotels Limited · Face value ₹10 · Listed Feb 2019 · Issue price ₹280
Last close ₹805.65down ₹9.80 (1.20%)BSE ₹809.40

Share price at the NSE close on 30 Oct 2026. Previous close ₹815.45.

30 Oct: open ₹807.30, high ₹820.85, low ₹793.30

52-week range of traded prices to 30 Oct 2026
₹691.35Low, 30 Mar 2026₹977.70High, 31 Oct 2025
Market cap
₹17,643 Cr378th largest listed
P/E
33.41
P/B
4.77
Dividend yield
0.25%
ROE
15.7%
ROCE
13.7%
Debt to equity
0.63
Volume, NSE
2,48,81162.0% delivered

Chalet Hotels share price chart

Daily closes since Feb 2019, adjusted for splits and bonuses

−16.6%over a year · Nifty 500 −8.2%

Results20-session average 1,00,248 shares a day, 52.0% delivered

About Chalet Hotels

Chalet Hotels Limited owns, develops, manages and operates high-end hotels and mixed-use assets in key cities and leisure locations in India.1 It works with hotel partners including Marriott, Accor, Hyatt and IHCL, and runs ATHIVA, its own lifestyle brand.23 Its office spaces at Whitefield in Bengaluru and Powai in Mumbai operate under the name CIGNUS.4

Its business hotels include JW Marriott Mumbai Sahar, The Westin Mumbai Powai Lake, Novotel Pune Nagar Road, The Westin Hyderabad HITEC City and Bengaluru Marriott Hotel Whitefield; its resorts are Athiva Resort & Spa, Khandala, Aravali Marriott Resort & Spa, Delhi NCR and The Westin Resort & Spa, Himalayas.5 ATHIVA made its debut when the Khandala resort was expanded from 80 to 147 keys (rooms) and rebranded as Athiva Resort & Spa, Khandala.6 Its commercial real estate covers 2.4 million sq ft (msf) of Grade A (top-quality) space in Mumbai and Bengaluru, with another 0.9 msf under development in Mumbai and 0.16 msf in Bengaluru.7 Its residential business is a single project in Koramangala, Bengaluru, with 321 units.7

It was incorporated in 1986.8 It began with business hotels in Mumbai in the year to Mar 2000 and later expanded to Hyderabad, Bengaluru and Pune.9 Chalet is part of K Raheja Corp, and its promoters are Ravi C. Raheja and Neel C. Raheja.1011

Chalet Hotels key points

Results

  • In the year to Mar 2026, consolidated total income rose 60% to ₹28.1 billion from ₹17.5 billion, EBITDA (earnings before interest, tax, depreciation and amortisation) rose 59% to ₹12.3 billion, and profit after tax was ₹6,450 million.1213
  • Excluding the residential project, total income for the year to Mar 2026 rose 18% to ₹20.7 billion and EBITDA rose 21% to ₹9.6 billion.14
  • In the quarter to Jun 2026, consolidated total income fell 42.6% to ₹5,213 million; the company says the quarters are not comparable, as 1 residential unit was handed over against 95 a year earlier.1516
  • In the quarter to Jun 2026, net profit was ₹861 million; excluding the residential project, revenue rose 10% to ₹5,140 million and EBITDA 15% to ₹2,400 million.17

Business segments

  • Hospitality. In the year to Mar 2026, hospitality revenue crossed ₹17.3 billion, led by room-rate growth in Bengaluru, Hyderabad and Pune, and hospitality EBITDA was ₹7.6 billion, a 43.9% margin.18
  • Commercial real estate (rental and annuity). In the year to Mar 2026, commercial real estate revenue rose 55% to ₹3,061 million and EBITDA rose 65% to ₹2,544 million, an 83.1% margin.19
  • Commercial real estate, latest quarter. In the quarter to Jun 2026, commercial real estate revenue rose 18% to ₹865 million; about 91% of the portfolio was committed (leased or under a signed letter of intent), and monthly rent was ₹290 million in June 2026.20
  • Real estate (residential). The first phase of the Vivarea residential project in Koramangala, Bengaluru, has generated cumulative revenue of ₹7,383 million; the company handed over 152 of its units in the year to Mar 2026.21

Hotel portfolio

  • As of Mar 2026, Chalet had 11 operating hotels and resorts with 3,389 keys (rooms).22
  • In the year to Mar 2026, the average daily rate (average price of a room sold per night) rose 13% to ₹13,727, and RevPAR (room revenue per available room) was ₹9,226.2324
  • In the quarter to Jun 2026, hospitality revenue rose 9% to ₹4,185 million and hospitality EBITDA 11% to ₹1,784 million; RevPAR rose 6.5%, with the average daily rate up 8.5% and occupancy down 1.2 percentage points.2526
  • Chalet's 3 resorts, with 446 keys in Khandala, Faridabad and Rishikesh, grew RevPAR by 19% in the quarter to Jun 2026, through both higher room rates and higher occupancy.2728

Expansion and capital spending

  • The company stated in its annual report for the year to Mar 2026 that it plans to add about 1,655 keys and grow leasable area to 3.3 million sq ft in the next few years.29
  • In its presentation of 29 Jul 2026, the company listed hotels under construction: a Taj at Delhi International Airport (about 380 rooms), an Athiva resort at Varca, South Goa (205), a Ritz Carlton in Hyderabad (330) and a Hyatt Regency at Airoli, Navi Mumbai (276).3031
  • On its earnings call of 30 Jul 2026, the company said it expects to open at least 70 rooms of the Taj at Delhi International Airport in the quarter to Mar 2027.32

Debt and funding

  • Net debt was ₹20,405 million at the end of June 2026, and the average cost of borrowing was 7.4%, against 7.5% at the end of March 2026.33
  • On its earnings call of 30 Jul 2026, the company said it plans capital spending of about ₹30 billion over the period to Mar 2029, largely from internal accruals (cash the business generates).34

What the company expects

  • On its earnings call of 30 Jul 2026, the company said it expects monthly office rentals to rise to ₹300 million to ₹320 million during the year to Mar 2027.35

Recent events

  • On 29 Sep 2026, ICRA reaffirmed the company's AA- credit rating (an assessment of its ability to repay debt) and changed the outlook from Stable to Positive.36
  • On 5 May 2026, the company acquired 100% of Seasons Hotels Private Limited, owner of Inder Residency Resort & Spa, a 144-room hotel in Udaipur, Rajasthan, for ₹1,710 million.3738
  • On 1 Feb 2026, Shwetank Singh succeeded Sanjay Sethi as Managing Director and CEO; Sethi, who retired from that role on 31 Jan 2026, became a non-executive director.3940

Litigation and regulatory matters

  • On 26 May 2026, the Supreme Court set aside a Bombay High Court direction to return the plot of the company's Vashi hotel, allotted to K. Raheja Corp Private Limited, to CIDCO, and upheld regularising the allotment subject to payments it set.41
  • On 17 Feb 2026, the company said the Karnataka High Court had paused (stayed), until its next hearing, a Greater Bengaluru Authority notice of sale of its Whitefield property over alleged property tax dues of about ₹39.56 crore; its documents give no later outcome.42

Last updated

All 42 sources, each with its page
  1. 1. Annual report, 29 Aug 2026, page 97
  2. 2. Annual report, 29 Aug 2026, page 62
  3. 3. Annual report, 29 Aug 2026, page 101
  4. 4. Annual report, 29 Aug 2026, page 63
  5. 5. Investor presentation, 29 Jul 2026, page 12
  6. 6. Annual report, 29 Aug 2026, page 101
  7. 7. Annual report, 29 Aug 2026, page 99
  8. 8. Annual report, 29 Aug 2026, page 2
  9. 9. Annual report, 29 Aug 2026, page 101
  10. 10. Exchange filing, 24 Apr 2026, page 3
  11. 11. Annual report, 29 Aug 2026, page 70
  12. 12. Annual report, 29 Aug 2026, page 102
  13. 13. Annual report, 29 Aug 2026, page 64
  14. 14. Annual report, 29 Aug 2026, page 102
  15. 15. Investor presentation, 29 Jul 2026, page 18
  16. 16. Investor presentation, 29 Jul 2026, page 7
  17. 17. Earnings call, 30 Jul 2026, page 5
  18. 18. Annual report, 29 Aug 2026, page 102
  19. 19. Annual report, 29 Aug 2026, page 99
  20. 20. Earnings call, 30 Jul 2026, page 6
  21. 21. Annual report, 29 Aug 2026, page 99
  22. 22. Annual report, 29 Aug 2026, page 97
  23. 23. Annual report, 29 Aug 2026, page 36
  24. 24. Annual report, 29 Aug 2026, page 38
  25. 25. Earnings call, 30 Jul 2026, page 6
  26. 26. Investor presentation, 29 Jul 2026, page 7
  27. 27. Annual report, 29 Aug 2026, page 101
  28. 28. Investor presentation, 29 Jul 2026, page 7
  29. 29. Annual report, 29 Aug 2026, page 65
  30. 30. Investor presentation, 29 Jul 2026, page 21
  31. 31. Investor presentation, 29 Jul 2026, page 21
  32. 32. Earnings call, 30 Jul 2026, page 5
  33. 33. Earnings call, 30 Jul 2026, page 6
  34. 34. Earnings call, 30 Jul 2026, page 7
  35. 35. Earnings call, 30 Jul 2026, page 6
  36. 36. Exchange filing, 30 Sep 2026, page 1
  37. 37. Investor presentation, 29 Jul 2026, page 18
  38. 38. Exchange filing, 24 Apr 2026, page 1
  39. 39. Annual report, 29 Aug 2026, page 120
  40. 40. Annual report, 29 Aug 2026, page 72
  41. 41. Exchange filing, 26 May 2026, page 1
  42. 42. Exchange filing, 17 Feb 2026, page 1

Results

Consolidated; ₹ crore.Chalet Hotels quarterly results

Revenue growth, 12 months
+6.0%
Net profit growth, 12 months
+85.3%

Quarter to Jun 2026, against the quarter before

Revenue
₹512 Crdown 8.23%
Net profit
₹86 Crdown 47.16%
Net margin
16.8%

Revenue by quarter

₹377 CrSep 24₹458 CrDec 24₹522 CrMar 25₹895 CrJun 25₹735 CrSep 25₹582 CrDec 25₹558 CrMar 26₹512 CrJun 26
Peak revenue ₹895 Cr, quarter to Jun 2025; lowest ₹377 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

  • Net profit
  • Loss
−₹139 CrSep 24₹97 CrDec 24₹124 CrMar 25₹203 CrJun 25₹155 CrSep 25₹124 CrDec 25₹163 CrMar 26₹86 CrJun 26
A loss in 1 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue377458522895735582558512
Net profit−1399712420315512416386
Net margin−36.7%21.1%23.7%22.7%21.1%21.3%29.2%16.8%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Hospitality (Hotels)₹1,731 Crup 13.83%62.4%
  • Real Estate₹738 Cr26.6%
  • Rental / Annuity Business₹306 Crup 55.39%11.0%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Chalet Hotels PE ratio and valuation

Price to earnings

At or below today's level on 17% of 936 trading days over the last 5 years.

LowestHighest
Its median71.48Industry median25.62
Price to book

At or below today's level on 19% of 1,101 trading days over the last 5 years.

LowestHighest
Its median5.52Industry median1.58
Dividend yield

At or below today's level on 99.8% of 1,868 trading days since Apr 2019.

LowestHighest
Its median0.00%Industry median0.56%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−14.0%+351.8%−81.0%0.3%
3 years+24.7%+48.9%−16.3%0.1%
5 years+36.9%––0.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Chalet Hotels shareholding pattern

Shareholding by group

  • Promoters67.29%
  • Foreign institutions4.19%
  • Indian institutions25.46%
  • Individuals and others3.06%
Holder
CAPSTAN TRADING LLPPromoter7.53%
CASA MARIA PROPERTIES LLPPromoter7.53%
RAGHUKOOL ESTATE DEVELOPEMENT LLPPromoter7.53%
TOUCHSTONE PROPERTIES AND HOTELS PVT LTDPromoter6.62%
ANBEE CONSTRUCTIONS LLPPromoter6.01%
CAPE TRADING LLPPromoter6.01%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 31.91% of their shares. Since Jun 2026: promoters unchanged, foreign institutions −0.07 pts, Indian institutions +0.46 pts, mutual funds +0.73 pts.

Mutual fund holdings

55 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 10 of the 22 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 55 funds holding Chalet Hotels

Bought for the first time
1
Added
8
Cut
14
Held unchanged
32
Sold out
36
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 31 Oct 2025.Chalet Hotels insider trading

Bought on the market Sold on the market
  • Promoters and promoter group4 purchases, 0 sales₹4.98 CrNo saleNet₹4.98 Cr2 off-market moves
  • Directors and key managers0 purchases, 12 salesNo purchase₹20 CrNet−₹20 Cr1 pledge created · 6 pledges released · 4 off-market moves
  • Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Chalet Hotels competitors and peers

Hotels & Resorts, 72 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Chalet Hotels in market cap.Consumer services companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
The Indian Hotels Company logoThe Indian Hotels CompanyINDHOTEL1,15,53352.278.47+15.4%+31.1%17.5%17.5%0.40%
ITC Hotels logoITC HotelsITCHOTELS34,82337.352.97––8.2%9.6%0.60%
Leela Palaces Hotels & Resorts logoLeela Palaces Hotels & ResortsTHELEELA21,18145.753.23––7.3%8.7%0.00%
EIH logoEIHEIHOTEL17,90725.173.40+8.3%+4.5%14.4%16.3%0.52%
Ventive Hospitality logoVentive HospitalityVENTIVE12,414–2.25–––8.4%0.00%
Lemon Tree Hotels logoLemon Tree HotelsLEMONTREE8,65736.876.22+10.5%+9.2%18.4%13.7%0.00%
India Tourism Development Corporation logoIndia Tourism Development CorporationITDC5,05861.5211.97−9.4%+3.5%20.9%20.4%0.50%
Juniper Hotels logoJuniper HotelsJUNIPER4,36426.311.52+11.5%+141.7%5.9%8.9%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Chalet Hotels dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 252Mar 26
Highest ₹2.00 a share, year to Mar 2026.
Ex-dateTypePer share
11 Sep 2026Final₹1.00
11 Nov 2025Interim₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Chalet Hotels announcements

Chalet Hotels share price by year

Each calendar year to 2025.Chalet Hotels share price history

YearClose at year endChangeHighest closeLowest close
2025870.55−10.6%1,064.60668.05
2024974.20+39.9%1,017.00677.80
2023696.45+100.4%696.45331.10
2022347.55+61.1%404.55216.00
2021215.80+17.7%284.95133.80
2020183.40−47.4%359.90100.40
2019348.95–372.65273.20
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2019 is from its first session, 7 Feb 2019.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 2026802.00819.60780.50815.45803.461,27,57650.5%
28 Oct 2026812.30820.45797.55802.50807.2645,75057.7%
27 Oct 2026798.00814.90785.45812.30801.6345,32846.9%
26 Oct 2026776.95801.80764.10798.40783.301,02,01347.8%
23 Oct 2026820.00825.25782.35789.40790.441,38,35268.4%
22 Oct 2026825.00827.60812.00819.20819.9678,89151.8%
21 Oct 2026835.00843.45820.80829.20829.7981,44870.2%
19 Oct 2026850.25858.85834.80842.70848.4667,63434.7%
16 Oct 2026846.00852.95829.50850.25847.1535,31043.8%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Hetal Madhukant Gandhi
At the end of the quarter to Sep 2026
Managing director and CEO
Shwetank Singh
At the end of the quarter to Sep 2026
NSE symbol
CHALET
BSE code
542399
ISIN
INE427F01016
Industry
Leisure Services
CIN
L55101MH1986PLC038538
Corporate identity number, the registrar of companies' code for it
Incorporated
1986
Registered office
Plot No.C-30, Block 'G', Raheja Tower, Next to Bank of Baroda, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments