Chalet Hotels share price
NSE: CHALETBSE: 542399Leisure ServicesSmall Cap
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
- Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹17,643 Cr378th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 33.41
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.77
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.25%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 15.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 13.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.63
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,48,81162.0% 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. Annual report, 29 Aug 2026, page 97
- 2. Annual report, 29 Aug 2026, page 62
- 3. Annual report, 29 Aug 2026, page 101
- 4. Annual report, 29 Aug 2026, page 63
- 5. Investor presentation, 29 Jul 2026, page 12
- 6. Annual report, 29 Aug 2026, page 101
- 7. Annual report, 29 Aug 2026, page 99
- 8. Annual report, 29 Aug 2026, page 2
- 9. Annual report, 29 Aug 2026, page 101
- 10. Exchange filing, 24 Apr 2026, page 3
- 11. Annual report, 29 Aug 2026, page 70
- 12. Annual report, 29 Aug 2026, page 102
- 13. Annual report, 29 Aug 2026, page 64
- 14. Annual report, 29 Aug 2026, page 102
- 15. Investor presentation, 29 Jul 2026, page 18
- 16. Investor presentation, 29 Jul 2026, page 7
- 17. Earnings call, 30 Jul 2026, page 5
- 18. Annual report, 29 Aug 2026, page 102
- 19. Annual report, 29 Aug 2026, page 99
- 20. Earnings call, 30 Jul 2026, page 6
- 21. Annual report, 29 Aug 2026, page 99
- 22. Annual report, 29 Aug 2026, page 97
- 23. Annual report, 29 Aug 2026, page 36
- 24. Annual report, 29 Aug 2026, page 38
- 25. Earnings call, 30 Jul 2026, page 6
- 26. Investor presentation, 29 Jul 2026, page 7
- 27. Annual report, 29 Aug 2026, page 101
- 28. Investor presentation, 29 Jul 2026, page 7
- 29. Annual report, 29 Aug 2026, page 65
- 30. Investor presentation, 29 Jul 2026, page 21
- 31. Investor presentation, 29 Jul 2026, page 21
- 32. Earnings call, 30 Jul 2026, page 5
- 33. Earnings call, 30 Jul 2026, page 6
- 34. Earnings call, 30 Jul 2026, page 7
- 35. Earnings call, 30 Jul 2026, page 6
- 36. Exchange filing, 30 Sep 2026, page 1
- 37. Investor presentation, 29 Jul 2026, page 18
- 38. Exchange filing, 24 Apr 2026, page 1
- 39. Annual report, 29 Aug 2026, page 120
- 40. Annual report, 29 Aug 2026, page 72
- 41. Exchange filing, 26 May 2026, page 1
- 42. Exchange filing, 17 Feb 2026, page 1
Results
Consolidated; ₹ crore.Chalet Hotels quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +6.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +85.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹512 Crdown 8.23%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹86 Crdown 47.16%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 16.8%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 377 | 458 | 522 | 895 | 735 | 582 | 558 | 512 |
| Net profit | −139 | 97 | 124 | 203 | 155 | 124 | 163 | 86 |
| Net margin | −36.7% | 21.1% | 23.7% | 22.7% | 21.1% | 21.3% | 29.2% | 16.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,770 Crup 61.24%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹645 Crup 352.66%
- Net margin
- 23.3%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 987 | 981 | 294 | 508 | 1,128 | 1,417 | 1,718 | 2,770 |
| Net profit | −8 | 100 | −139 | −81 | 186 | 278 | 142 | 645 |
| Net margin | −0.8% | 10.2% | −47.3% | −16.0% | 16.5% | 19.6% | 8.3% | 23.3% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Hospitality (Hotels)Hospitality (Hotels), share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,731 Crup 13.83%62.4%
- Real EstateReal Estate, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹738 Cr26.6%
- Rental / Annuity BusinessRental / Annuity Business, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹306 Crup 55.39%11.0%
Valuation
Today, against the company's own history.Chalet Hotels PE ratio and valuation
At or below today's level on 17% of 936 trading days over the last 5 years.
At or below today's level on 19% of 1,101 trading days over the last 5 years.
At or below today's level on 99.8% of 1,868 trading days since Apr 2019.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 8
- CutCut. Funds that held fewer shares than at the end of the month before.
- 14
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 32
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 36
| Fund | |||
|---|---|---|---|
| 90,00,000 | 1.85% | ₹760.7 Cr | |
| 78,42,040 | 1.62% | ₹662.8 Cr | |
| 55,42,342 | 1.76% | ₹468.4 Cr | |
| 50,56,677 | 0.83% | ₹427.4 Cr | |
| 34,44,314 | 0.57% | ₹291.1 Cr | |
| 19,38,835 | 0.84% | ₹163.9 Cr | |
| 18,67,046 | 0.51% | ₹157.8 Cr | |
| 16,05,360 | 0.64% | ₹135.7 Cr | |
| 14,78,938 | 1.51% | ₹125.0 Cr | |
| 14,63,739 | 0.92% | ₹123.7 Cr |
Promoter and insider buying and selling
Trades made since 31 Oct 2025.Chalet Hotels insider trading
- Promoters and promoter group4 purchases, 0 sales₹4.98 CrNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,15,533 | 52.27 | 8.47 | +15.4% | +31.1% | 17.5% | 17.5% | 0.40% | |
| 34,823 | 37.35 | 2.97 | – | – | 8.2% | 9.6% | 0.60% | |
| 21,181 | 45.75 | 3.23 | – | – | 7.3% | 8.7% | 0.00% | |
| 17,907 | 25.17 | 3.40 | +8.3% | +4.5% | 14.4% | 16.3% | 0.52% | |
| 12,414 | – | 2.25 | – | – | – | 8.4% | 0.00% | |
| 8,657 | 36.87 | 6.22 | +10.5% | +9.2% | 18.4% | 13.7% | 0.00% | |
| 5,058 | 61.52 | 11.97 | −9.4% | +3.5% | 20.9% | 20.4% | 0.50% | |
| 4,364 | 26.31 | 1.52 | +11.5% | +141.7% | 5.9% | 8.9% | 0.00% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 11 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹1.00 |
| 11 Nov 2025 | Interim | ₹1.00 |
Latest announcements
Routine notices left out.Chalet Hotels announcements
Oct 2026
29 Oct · Analysts
27 Oct · Board meeting
8 Oct
Sep 2026
30 Sep · Rating
23 Sep · Analysts
Chalet Hotels share price by year
Each calendar year to 2025.Chalet Hotels share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 870.55 | −10.6% | 1,064.60 | 668.05 |
| 2024 | 974.20 | +39.9% | 1,017.00 | 677.80 |
| 2023 | 696.45 | +100.4% | 696.45 | 331.10 |
| 2022 | 347.55 | +61.1% | 404.55 | 216.00 |
| 2021 | 215.80 | +17.7% | 284.95 | 133.80 |
| 2020 | 183.40 | −47.4% | 359.90 | 100.40 |
| 2019 | 348.95 | – | 372.65 | 273.20 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 802.00 | 819.60 | 780.50 | 815.45 | 803.46 | 1,27,576 | 50.5% |
| 28 Oct 2026 | 812.30 | 820.45 | 797.55 | 802.50 | 807.26 | 45,750 | 57.7% |
| 27 Oct 2026 | 798.00 | 814.90 | 785.45 | 812.30 | 801.63 | 45,328 | 46.9% |
| 26 Oct 2026 | 776.95 | 801.80 | 764.10 | 798.40 | 783.30 | 1,02,013 | 47.8% |
| 23 Oct 2026 | 820.00 | 825.25 | 782.35 | 789.40 | 790.44 | 1,38,352 | 68.4% |
| 22 Oct 2026 | 825.00 | 827.60 | 812.00 | 819.20 | 819.96 | 78,891 | 51.8% |
| 21 Oct 2026 | 835.00 | 843.45 | 820.80 | 829.20 | 829.79 | 81,448 | 70.2% |
| 19 Oct 2026 | 850.25 | 858.85 | 834.80 | 842.70 | 848.46 | 67,634 | 34.7% |
| 16 Oct 2026 | 846.00 | 852.95 | 829.50 | 850.25 | 847.15 | 35,310 | 43.8% |
Company details
- NSE symbol
- CHALET
- BSE code
- 542399
- ISIN
- INE427F01016
- Industry
- Leisure Services
- Website
- www.chalethotels.com
- 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