The Indian Hotels Company logo

The Indian Hotels Company share price

NSE: INDHOTELBSE: 500850Leisure ServicesMid Cap

The Indian Hotels Company Limited · Face value ₹1 · Listed Jan 1971 on BSE, Jul 1996 on NSE
Last close ₹812.85up ₹17.35 (2.18%)BSE ₹812.00

Share price at the NSE close on 27 Oct 2026. Previous close ₹795.50.

27 Oct: open ₹792.60, high ₹812.85, low ₹790.10

52-week range of traded prices to 27 Oct 2026
₹565.00Low, 2 Apr 2026₹812.85High, 27 Oct 2026
Market cap
₹1,15,704 Cr115th largest listed
P/E
52.34
P/E without one-offs
59.67
P/B
8.48
Dividend yield
0.40%
ROE
17.5%
ROE without one-offs
15.4%
ROCE
17.5%
Debt to equity
0.01
Volume, NSE
91,50,69770.8% delivered

The Indian Hotels Company share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+8.9%over a year · Nifty 500 −8.8%

Results20-session average 63,04,992 shares a day, 60.2% delivered

About The Indian Hotels Company

Indian Hotels Company owns, operates and manages hotels, palaces and resorts under brands including Taj, Vivanta, SeleQtions, Gateway, Tree of Life and Ginger.12 Its guests include business travellers, tourists from India and abroad, and people attending conferences and events.3 Through TajSATS it also runs in-flight catering in India and catering for institutions.4

It reports its results in hotel services and in air and institutional catering.5 Its 14 major brands cover luxury, upper scale, experiential, midscale and catering segments.67 Hotels are owned, leased or managed; managed hotels run under long-term contracts with their owners, for a fee.89 Other businesses include Qmin, a food delivery and dining platform; The Chambers, a private members' club; and J Wellness Circle, a wellness offering based on Ayurveda and yoga.101112

Outside India, its hotels include The Pierre in New York, Taj Campton Place in San Francisco, St. James' Court in London, Taj Cape Town in South Africa, Taj Hessischer Hof in Frankfurt and Taj Paro in Bhutan.1314

It was incorporated in 1902.15 Founded by Jamsetji Tata, who also founded the Tata Group, it opened its first hotel, The Taj Mahal Palace in Bombay, in 1903.16 Its promoter is Tata Sons Private Limited, which held 35.66% of its shares on 30 Jun 2026.1718 In December 2025, its subsidiary Roots Corporation bought 51% of ANK Hotels and Pride Hospitality, which run hotels under The Clarks Hotels & Resorts, and the company sold its 25.52% stake in Taj GVK Hotels & Resorts while continuing to run its hotels.19

The Indian Hotels Company key points

Results

  • In the quarter to Sep 2026, consolidated total revenue rose 21% to ₹2,566 crore and EBITDA (earnings before interest, tax, depreciation and amortisation) rose 21% to ₹788 crore, a margin of 30.7%. Profit after tax rose 23% to ₹349 crore.2021
  • The company describes the quarter to Sep 2026 as its 18th consecutive record quarter.22
  • In the year to Mar 2026, consolidated total income rose 16% to ₹9,971.43 crore and EBITDA was ₹3,476.86 crore, 35% of turnover. Profit attributable to shareholders was ₹2,084.38 crore, against ₹1,907.59 crore a year earlier.23

Market position

  • The company says its portfolio of 670 hotels, including those signed but not yet open, and 400 amã bungalows (private villas) is the largest hospitality network in India.24
  • Ginger, its midscale brand, is the first brand in India to have 100 hotels in operation, the company says.25
  • TajSATS, its air catering business, has more than 50% market share of all meals served in the air, the company said on its earnings call of 21 Jul 2026.26

Business segments

  • Hotels. In the quarter to Sep 2026, segment revenue rose 24% to ₹2,284 crore and EBITDA rose 26% to ₹735 crore, a margin of 32.2%.27
  • Air catering (TajSATS). In the year to Mar 2026 it served airlines including Air India, Akasa Air and IndiGo, about 1.6 lakh meals a day; it has 10 kitchens. In the quarter to Sep 2026, revenue fell 1% to ₹285 crore and EBITDA fell 23% to ₹53 crore.2827

Revenue mix

  • Consolidated hotel segment operating revenue, quarter to Sep 2026, and growth on a year earlier29
    Itemquarter to Sep 2026
    Rooms₹1,115 crore, up 22%
    Food and beverage₹686 crore, up 20%
    Other operating income₹247 crore, up 72%
    Management fees₹156 crore, up 25%
    Operating revenue₹2,204 crore, up 25%
    Other operating income includes Atmantan's revenue from 16 Jan 2026.
  • Share of room revenue by guest type, full-service hotels in India, half year to Sep 202630
    Itemhalf year to Sep 2026
    Transient and leisure67%
    MICE (meetings, incentives, conferences and exhibitions)20%
    Corporate9%

Where revenue comes from

  • In the half year to Sep 2026, key business cities in India brought in 68% of the company's domestic hotel revenue.31

Hotels and pipeline

  • At the end of Sep 2026, the company had 34,213 keys (rooms) in operation, and more than 34,800 keys in signed hotels yet to open.3233
  • Management contracts and capital-light leases made up 67% of the portfolio at Apr 2026. Of pipeline keys at Sep 2026, 81% are managed and 13% are capital-light leases, where the owner funds the building.3433
  • In its presentation of 21 Oct 2026, the company said it plans 50 openings in the year to Mar 2027, 20 in the first half and 30 in the second half.24
  • In its presentation of 21 Oct 2026, the company said it has a pipeline of more than 2,000 keys on its own balance sheet, including Taj Bandstand in Mumbai (excavation completed), about 450 keys, indicated to open in 2030.3536

What the company expects

  • In its presentation of 21 Oct 2026, the company said it raised its outlook for revenue growth in the year to Mar 2027 to 15% to 17%, and to 17% to 19% for consolidated hotel revenue.37
  • In its presentation of 21 Oct 2026, the company said Ginger is on track to reach 150 Ginger-branded hotels in operation by the end of the year to Mar 2027.25
  • The company stated in its annual report for the year to Mar 2026 that its Accelerate 2030 targets include more than 700 hotels and a return on capital employed (profit as a share of capital used) of 20% or more, excluding future acquisitions.3839
  • On its earnings call of 21 Jul 2026, the company said it expects management fees to keep growing at a compound annual rate in the high teens.40

Recent events

  • On 9 Oct 2026, CARE Ratings raised its long-term credit rating (a view of how likely a borrower is to repay) on the company's bank facilities to CARE AAA; Stable from CARE AA+; Stable. ICRA made the same upgrade on 20 Feb 2026.4142
  • On 24 Aug 2026, the board approved merging Oriental Hotels Limited, an associate (a company it partly owns) with 7 hotels and 825 rooms, into the company at 25 IHCL shares for every 117 OHL shares, subject to tribunal, shareholder and regulatory approvals.434445
  • On 21 Apr 2026, the company and its subsidiaries completed buying 51% of Brij Hospitality, which has 22 hotels including those not yet open, for up to ₹222 crore.4647
  • On 16 Jan 2026, it acquired 51% of Sparsh Infratech, owner of the Atmantan health and wellness resort at Mulshi, Maharashtra, investing ₹232.21 crore.4849

Last updated

All 49 sources, each with its page
  1. 1. Exchange filing, 24 Aug 2026, page 4
  2. 2. Exchange filing, 24 Aug 2026, page 3
  3. 3. Annual report, 4 Jun 2026, page 109
  4. 4. Annual report, 4 Jun 2026, page 31
  5. 5. Annual report, 4 Jun 2026, page 325
  6. 6. Annual report, 4 Jun 2026, page 10
  7. 7. Annual report, 4 Jun 2026, page 18
  8. 8. Annual report, 4 Jun 2026, page 63
  9. 9. Annual report, 4 Jun 2026, page 177
  10. 10. Annual report, 4 Jun 2026, page 29
  11. 11. Annual report, 4 Jun 2026, page 32
  12. 12. Annual report, 4 Jun 2026, page 33
  13. 13. Annual report, 4 Jun 2026, page 105
  14. 14. Annual report, 4 Jun 2026, page 12
  15. 15. Annual report, 4 Jun 2026, page 103
  16. 16. Exchange filing, 24 Aug 2026, page 3
  17. 17. Exchange filing, 9 Oct 2026, page 3
  18. 18. Exchange filing, 9 Oct 2026, page 2
  19. 19. Annual report, 4 Jun 2026, page 70
  20. 20. Investor presentation, 21 Oct 2026, page 7
  21. 21. Investor presentation, 21 Oct 2026, page 39
  22. 22. Investor presentation, 21 Oct 2026, page 7
  23. 23. Annual report, 4 Jun 2026, page 69
  24. 24. Investor presentation, 21 Oct 2026, page 16
  25. 25. Investor presentation, 21 Oct 2026, page 21
  26. 26. Earnings call, 21 Jul 2026, page 7
  27. 27. Investor presentation, 21 Oct 2026, page 7
  28. 28. Annual report, 4 Jun 2026, page 31
  29. 29. Investor presentation, 21 Oct 2026, page 8
  30. 30. Investor presentation, 21 Oct 2026, page 37
  31. 31. Investor presentation, 21 Oct 2026, page 18
  32. 32. Investor presentation, 21 Oct 2026, page 43
  33. 33. Investor presentation, 21 Oct 2026, page 17
  34. 34. Annual report, 4 Jun 2026, page 12
  35. 35. Investor presentation, 21 Oct 2026, page 31
  36. 36. Annual report, 4 Jun 2026, page 291
  37. 37. Investor presentation, 21 Oct 2026, page 10
  38. 38. Annual report, 4 Jun 2026, page 11
  39. 39. Annual report, 4 Jun 2026, page 11
  40. 40. Earnings call, 21 Jul 2026, page 5
  41. 41. Exchange filing, 9 Oct 2026, page 2
  42. 42. Exchange filing, 20 Feb 2026, page 2
  43. 43. Exchange filing, 24 Aug 2026, page 2
  44. 44. Exchange filing, 24 Aug 2026, page 3
  45. 45. Exchange filing, 24 Aug 2026, page 1
  46. 46. Exchange filing, 21 Apr 2026, page 1
  47. 47. Annual report, 4 Jun 2026, page 22
  48. 48. Annual report, 4 Jun 2026, page 70
  49. 49. Annual report, 4 Jun 2026, page 65

Results

Consolidated; ₹ crore.The Indian Hotels Company quarterly results

Revenue growth, 12 months
+15.4%
Net profit growth, 12 months
+31.1%

Quarter to Sep 2026, against the quarter before

Revenue
₹2,484 Crup 6.20%
Net profit
₹380 Crdown 2.80%
Net margin
15.3%

Revenue by quarter

₹2,533 CrDec 24₹2,425 CrMar 25₹2,041 CrJun 25₹2,041 CrSep 25₹2,842 CrDec 25₹2,765 CrMar 26₹2,339 CrJun 26₹2,484 CrSep 26
Peak revenue ₹2,842 Cr, quarter to Dec 2025; lowest ₹2,041 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

₹633 CrDec 24₹563 CrMar 25₹329 CrJun 25₹318 CrSep 25₹954 CrDec 25₹645 CrMar 26₹391 CrJun 26₹380 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue2,5332,4252,0412,0412,8422,7652,3392,484
Net profit633563329318954645391380
Net margin25.0%23.2%16.1%15.6%33.6%23.3%16.7%15.3%
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

  • Hotel Services₹8,487 Crup 11.33%87.5%
  • Air and Institutional Catering₹1,210 Crup 68.91%12.5%
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.The Indian Hotels Company PE ratio and valuation

Price to earnings

At or below today's level on 35% of 1,799 trading days over the last 10 years.

LowestHighest
Its median64.52Industry median26.81
Price to book

At or below today's level on 74% of 1,855 trading days since Nov 2018.

LowestHighest
Its median6.47Industry median1.61
Dividend yield

At or below today's level on 86% of 2,314 trading days over the last 10 years.

LowestHighest
Its median0.27%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−26.9%+9.3%−33.6%0.6%
3 years+21.1%+27.5%−5.3%0.4%
5 years+39.1%––0.3%
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 1 and 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 years to Mar 2025 and Mar 2026.

Shareholding

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

Shareholding by group

  • Promoters38.12%
  • Foreign institutions22.12%
  • Indian institutions24.45%
  • Individuals and others15.31%
Holder
TATA SONS PRIVATE LIMITEDPromoter35.66%
NPS TRUST- A/C SBI PENSION FUND SCHEME - STATE GOVTProvident and pension funds4.65%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies2.88%
TATA INVESTMENT CORPORATION LTDPromoter1.26%
REKHA JHUNJHUNWALAResident individuals, over ₹2 lakh at face value1.00%
TATA CHEMICALS LIMITEDPromoter0.83%
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.

Since Jun 2026: promoters unchanged, foreign institutions +0.41 pts, Indian institutions −0.14 pts, mutual funds −0.51 pts.

Mutual fund holdings

240 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 76 of the 110 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. 2 more funds filed their first portfolio on record, holding it.All 240 funds holding The Indian Hotels Company

Bought for the first time
15
Bought again
22
Added
71
Cut
39
Held unchanged
91
Sold out
52
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 28 Oct 2025.The Indian Hotels Company insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 27 pledge filings 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.

The Indian Hotels Company competitors and peers

Hotels & Resorts, 73 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to The Indian Hotels Company 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
ITC Hotels logoITC HotelsITCHOTELS34,64137.162.95––8.2%9.6%0.60%
Leela Palaces Hotels & Resorts logoLeela Palaces Hotels & ResortsTHELEELA19,81242.793.02––7.3%8.7%0.00%
EIH logoEIHEIHOTEL18,21725.603.46+8.3%+4.5%14.4%16.3%0.51%
Chalet Hotels logoChalet HotelsCHALET17,78933.694.81+6.0%+85.3%15.7%13.7%0.25%
Ventive Hospitality logoVentive HospitalityVENTIVE12,694–2.31–––8.4%0.00%
Lemon Tree Hotels logoLemon Tree HotelsLEMONTREE8,44035.956.06+10.5%+9.2%18.4%13.7%0.00%
India Tourism Development Corporation logoIndia Tourism Development CorporationITDC5,16662.8312.22−9.4%+3.5%20.9%20.4%0.49%
Juniper Hotels logoJuniper HotelsJUNIPER4,44326.791.55+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.The Indian Hotels Company dividend history

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

0.4Mar 170.4Mar 180.5Mar 190.5Mar 200.4Mar 210.4Mar 221Mar 231.8Mar 242.3Mar 253.3Mar 26
Highest ₹3.25 a share, year to Mar 2026.
Ex-dateTypePer share
23 Jun 2026Final₹3.25
30 Jun 2025Final₹2.25
7 Jun 2024Final₹1.75
9 Jun 2023Final₹1.00
22 Jun 2022Final₹0.40
14 Jun 2021Final₹0.40
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.The Indian Hotels Company announcements

The Indian Hotels Company share price by year

Each calendar year to 2025.The Indian Hotels Company share price history

YearClose at year endChangeHighest closeLowest close
2025738.85−15.8%879.50691.30
2024877.55+100.2%889.65436.10
2023438.35+37.6%448.90286.45
2022318.65+76.3%344.25182.05
2021180.75+50.5%230.8594.70
2020120.10−17.2%147.6062.30
2019145.00−1.8%160.45126.15
2018147.70+25.4%156.75118.50
2017117.80+19.5%144.2595.00
201698.55−15.6%136.7590.60
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026779.10795.65764.45795.50785.2762,14,73855.2%
23 Oct 2026786.80794.20764.65781.75776.051,16,15,95058.9%
22 Oct 2026762.50794.65747.95782.30780.282,10,81,03040.0%
21 Oct 2026760.30767.85743.45753.00752.5650,31,17661.6%
19 Oct 2026773.15775.00756.55760.00764.4537,12,63753.7%
16 Oct 2026746.50776.15744.35772.10763.0293,35,23552.7%
15 Oct 2026730.00752.55728.30741.45744.4750,11,97849.7%
14 Oct 2026723.05730.00716.80725.40725.8216,80,76162.3%
13 Oct 2026714.00724.15709.55724.15718.9217,51,17662.3%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Rights issue history

Ex-dateEventPrice factorWhat happened
11 Nov 2021Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
4 Oct 2017Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
21 Feb 2008Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
Each event is noted and not adjusted for.

Company details

Chairperson
Chandrasekaran Natarajan
At the end of the quarter to Sep 2026
Managing director and CEO
Puneet Chhatwal
At the end of the quarter to Sep 2026
NSE symbol
INDHOTEL
BSE code
500850
ISIN
INE053A01029
Industry
Leisure Services
CIN
L74999MH1902PLC000183
Corporate identity number, the registrar of companies' code for it
Incorporated
1902
Registered office
Mandlik House, Mandlik Road, Mumbai 400001, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments