The Indian Hotels Company share price
NSE: INDHOTELBSE: 500850Leisure ServicesMid Cap
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
- 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
- ₹1,15,704 Cr115th 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
- 52.34
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: 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, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹272 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 59.67
- 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
- 8.48
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.40%
- 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.
- 17.5%
- ROE without one-offsReturn on equity without one-off items. Core profit, 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 less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹272 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 15.4%
- 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.
- 17.5%
- 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 Sep 2026.
- 0.01
- 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
- 91,50,69770.8% 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 earlier29Other operating income includes Atmantan's revenue from 16 Jan 2026.
Item quarter 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% - Share of room revenue by guest type, full-service hotels in India, half year to Sep 202630
Item half year to Sep 2026 Transient and leisure 67% MICE (meetings, incentives, conferences and exhibitions) 20% Corporate 9%
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. Exchange filing, 24 Aug 2026, page 4
- 2. Exchange filing, 24 Aug 2026, page 3
- 3. Annual report, 4 Jun 2026, page 109
- 4. Annual report, 4 Jun 2026, page 31
- 5. Annual report, 4 Jun 2026, page 325
- 6. Annual report, 4 Jun 2026, page 10
- 7. Annual report, 4 Jun 2026, page 18
- 8. Annual report, 4 Jun 2026, page 63
- 9. Annual report, 4 Jun 2026, page 177
- 10. Annual report, 4 Jun 2026, page 29
- 11. Annual report, 4 Jun 2026, page 32
- 12. Annual report, 4 Jun 2026, page 33
- 13. Annual report, 4 Jun 2026, page 105
- 14. Annual report, 4 Jun 2026, page 12
- 15. Annual report, 4 Jun 2026, page 103
- 16. Exchange filing, 24 Aug 2026, page 3
- 17. Exchange filing, 9 Oct 2026, page 3
- 18. Exchange filing, 9 Oct 2026, page 2
- 19. Annual report, 4 Jun 2026, page 70
- 20. Investor presentation, 21 Oct 2026, page 7
- 21. Investor presentation, 21 Oct 2026, page 39
- 22. Investor presentation, 21 Oct 2026, page 7
- 23. Annual report, 4 Jun 2026, page 69
- 24. Investor presentation, 21 Oct 2026, page 16
- 25. Investor presentation, 21 Oct 2026, page 21
- 26. Earnings call, 21 Jul 2026, page 7
- 27. Investor presentation, 21 Oct 2026, page 7
- 28. Annual report, 4 Jun 2026, page 31
- 29. Investor presentation, 21 Oct 2026, page 8
- 30. Investor presentation, 21 Oct 2026, page 37
- 31. Investor presentation, 21 Oct 2026, page 18
- 32. Investor presentation, 21 Oct 2026, page 43
- 33. Investor presentation, 21 Oct 2026, page 17
- 34. Annual report, 4 Jun 2026, page 12
- 35. Investor presentation, 21 Oct 2026, page 31
- 36. Annual report, 4 Jun 2026, page 291
- 37. Investor presentation, 21 Oct 2026, page 10
- 38. Annual report, 4 Jun 2026, page 11
- 39. Annual report, 4 Jun 2026, page 11
- 40. Earnings call, 21 Jul 2026, page 5
- 41. Exchange filing, 9 Oct 2026, page 2
- 42. Exchange filing, 20 Feb 2026, page 2
- 43. Exchange filing, 24 Aug 2026, page 2
- 44. Exchange filing, 24 Aug 2026, page 3
- 45. Exchange filing, 24 Aug 2026, page 1
- 46. Exchange filing, 21 Apr 2026, page 1
- 47. Annual report, 4 Jun 2026, page 22
- 48. Annual report, 4 Jun 2026, page 70
- 49. Annual report, 4 Jun 2026, page 65
Results
Consolidated; ₹ crore.The Indian Hotels Company 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.
- +15.4%
- 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.
- +31.1%
Quarter to Sep 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.
- ₹2,484 Crup 6.20%
- 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
- ₹380 Crdown 2.80%
- 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
- 15.3%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,533 | 2,425 | 2,041 | 2,041 | 2,842 | 2,765 | 2,339 | 2,484 |
| Net profit | 633 | 563 | 329 | 318 | 954 | 645 | 391 | 380 |
| Net margin | 25.0% | 23.2% | 16.1% | 15.6% | 33.6% | 23.3% | 16.7% | 15.3% |
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.
- ₹9,689 Crup 16.25%
- 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.
- ₹2,247 Crup 10.26%
- Net margin
- 23.2%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,010 | 4,104 | 4,512 | 4,463 | 1,575 | 3,056 | 5,810 | 6,769 | 8,335 | 9,689 |
| Net profit | −46 | 104 | 296 | 364 | −796 | −265 | 1,053 | 1,330 | 2,038 | 2,247 |
| Net margin | −1.1% | 2.5% | 6.6% | 8.1% | −50.5% | −8.7% | 18.1% | 19.7% | 24.5% | 23.2% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Hotel ServicesHotel Services, 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.₹8,487 Crup 11.33%87.5%
- Air and Institutional CateringAir and Institutional Catering, 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.₹1,210 Crup 68.91%12.5%
Valuation
Today, against the company's own history.The Indian Hotels Company PE ratio and valuation
At or below today's level on 35% of 1,799 trading days over the last 10 years.
At or below today's level on 74% of 1,855 trading days since Nov 2018.
At or below today's level on 86% of 2,314 trading days over the last 10 years.
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 | −26.9% | +9.3% | −33.6% | 0.6% |
| 3 years | +21.1% | +27.5% | −5.3% | 0.4% |
| 5 years | +39.1% | – | – | 0.3% |
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 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.
- 15
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 22
- AddedAdded. Funds that held more shares than at the end of the month before.
- 71
- CutCut. Funds that held fewer shares than at the end of the month before.
- 39
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 91
- 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
- 52
| Fund | |||
|---|---|---|---|
| 1,87,23,834 | 5.55% | ₹1,364.3 Cr | |
| 1,41,08,139 | 1.01% | ₹1,028.0 Cr | |
| 1,09,48,722 | 2.38% | ₹797.8 Cr | |
| 87,64,157 | 1.27% | ₹638.6 Cr | |
| 77,33,666 | 1.93% | ₹563.5 Cr | |
| 74,60,653 | 1.06% | ₹543.6 Cr | |
| 70,11,391 | 1.69% | ₹510.9 Cr | |
| 58,55,604 | 0.79% | ₹426.7 Cr | |
| 53,33,000 | 0.52% | ₹388.6 Cr | |
| 46,97,000 | 0.96% | ₹342.2 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 34,641 | 37.16 | 2.95 | – | – | 8.2% | 9.6% | 0.60% | |
| 19,812 | 42.79 | 3.02 | – | – | 7.3% | 8.7% | 0.00% | |
| 18,217 | 25.60 | 3.46 | +8.3% | +4.5% | 14.4% | 16.3% | 0.51% | |
| 17,789 | 33.69 | 4.81 | +6.0% | +85.3% | 15.7% | 13.7% | 0.25% | |
| 12,694 | – | 2.31 | – | – | – | 8.4% | 0.00% | |
| 8,440 | 35.95 | 6.06 | +10.5% | +9.2% | 18.4% | 13.7% | 0.00% | |
| 5,166 | 62.83 | 12.22 | −9.4% | +3.5% | 20.9% | 20.4% | 0.49% | |
| 4,443 | 26.79 | 1.55 | +11.5% | +141.7% | 5.9% | 8.9% | 0.00% |
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
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 |
|---|---|---|
| 23 Jun 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 | ₹3.25 |
| 30 Jun 2025 | Final | ₹2.25 |
| 7 Jun 2024 | Final | ₹1.75 |
| 9 Jun 2023 | Final | ₹1.00 |
| 22 Jun 2022 | Final | ₹0.40 |
| 14 Jun 2021 | Final | ₹0.40 |
Latest announcements
Routine notices left out.The Indian Hotels Company announcements
Oct 2026
22 Oct · Analysts
21 Oct · Results
16 Oct · Legal
15 Oct · Analysts
The Indian Hotels Company share price by year
Each calendar year to 2025.The Indian Hotels Company share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 738.85 | −15.8% | 879.50 | 691.30 |
| 2024 | 877.55 | +100.2% | 889.65 | 436.10 |
| 2023 | 438.35 | +37.6% | 448.90 | 286.45 |
| 2022 | 318.65 | +76.3% | 344.25 | 182.05 |
| 2021 | 180.75 | +50.5% | 230.85 | 94.70 |
| 2020 | 120.10 | −17.2% | 147.60 | 62.30 |
| 2019 | 145.00 | −1.8% | 160.45 | 126.15 |
| 2018 | 147.70 | +25.4% | 156.75 | 118.50 |
| 2017 | 117.80 | +19.5% | 144.25 | 95.00 |
| 2016 | 98.55 | −15.6% | 136.75 | 90.60 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 779.10 | 795.65 | 764.45 | 795.50 | 785.27 | 62,14,738 | 55.2% |
| 23 Oct 2026 | 786.80 | 794.20 | 764.65 | 781.75 | 776.05 | 1,16,15,950 | 58.9% |
| 22 Oct 2026 | 762.50 | 794.65 | 747.95 | 782.30 | 780.28 | 2,10,81,030 | 40.0% |
| 21 Oct 2026 | 760.30 | 767.85 | 743.45 | 753.00 | 752.56 | 50,31,176 | 61.6% |
| 19 Oct 2026 | 773.15 | 775.00 | 756.55 | 760.00 | 764.45 | 37,12,637 | 53.7% |
| 16 Oct 2026 | 746.50 | 776.15 | 744.35 | 772.10 | 763.02 | 93,35,235 | 52.7% |
| 15 Oct 2026 | 730.00 | 752.55 | 728.30 | 741.45 | 744.47 | 50,11,978 | 49.7% |
| 14 Oct 2026 | 723.05 | 730.00 | 716.80 | 725.40 | 725.82 | 16,80,761 | 62.3% |
| 13 Oct 2026 | 714.00 | 724.15 | 709.55 | 724.15 | 718.92 | 17,51,176 | 62.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Rights issue history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 11 Nov 2021 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
| 4 Oct 2017 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
| 21 Feb 2008 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
Company details
- NSE symbol
- INDHOTEL
- BSE code
- 500850
- ISIN
- INE053A01029
- Industry
- Leisure Services
- Website
- www.ihcltata.com
- 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