Lemon Tree Hotels share price
NSE: LEMONTREEBSE: 541233Leisure ServicesSmall Cap
Lemon Tree Hotels Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Apr 2018 · Issue price ₹56
Last close ₹107.15up ₹0.62 (0.58%)BSE ₹106.75
Share price at the NSE close on 28 Oct 2026. Previous close ₹106.53.
28 Oct: open ₹106.50, high ₹108.60, low ₹104.35
52-week range of traded prices to 28 Oct 2026
₹99.61Low, 16 Mar 2026₹170.68High, 31 Oct 2025
- 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
- ₹8,489 Cr577th 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
- 36.15
- 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 −₹33 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 31.67
- 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
- 6.10
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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.
- 18.4%
- 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 −₹33 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 21.0%
- 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.
- 0.96
- 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
- 86,44,33165.9% delivered
About Lemon Tree Hotels
Lemon Tree Hotels Limited runs hotels in India for business and leisure travellers. Its hotels span the upscale, upper midscale, midscale and economy segments. The company owns and leases hotels, and it also manages and franchises hotels for other owners. Its brands include Aurika Hotels & Resorts, Lemon Tree Hotels, Red Fox by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels and Keys Lite by Lemon Tree Hotels.
The company has a portfolio of 268 hotels, of which 131 are operating and 137 are in the pipeline, across India and international markets. Its operating hotels include properties in 3 international markets. In the year to March 2026 it signed 56 hotels.
Lemon Tree opened its first hotel in May 2004, with 49 rooms. It was incorporated in 1992. Its registered office is in Gurugram, Haryana, and its corporate office is at Aerocity, New Delhi. In the year to March 2026 its Board approved a Composite Scheme of Arrangement to reshape the corporate and hotel ownership structure of the company. Fleur Hotels Limited is a material subsidiary of the company.
Mr. Patanjali Govind Keswani is the promoter of the company. A promoter is the person or group that set up a company or controls it. He is the Executive Chairman of Lemon Tree Hotels and also serves as Executive Director and Chairman of Fleur Hotels Limited. His son, Aditya Madhav Keswani, is a Non-Executive Director of the company.
Written from the annual report for the year to Mar 2026, filed 26 Aug 2026 and the investor presentation.
Sources for 23 statements, each with its page
- Hotels serve business and leisure travellers. Annual report, page 20
- Segments served. Annual report, page 16
- Owned, leased, managed and franchised hotels. Annual report, page 16
- Brands. Annual report, page 34
- Aurika brand. Annual report, page 34
- Keys Lite brand. Annual report, page 34
- 268 hotels in portfolio. Annual report, page 16
- 131 operating, 137 pipeline, India and international. Annual report, page 16
- 3 international markets. Investor presentation, page 6
- Signed 56 hotels in FY 2025-26. Annual report, page 34
- First hotel May 2004, 49 rooms. Annual report, page 16
- Incorporated 1992 (CIN). Annual report, page 1
- Registered office Gurugram. Annual report, page 1
- Corporate office Aerocity New Delhi. Annual report, page 1
- Board approved Composite Scheme of Arrangement. Annual report, page 24
- Scheme reshapes corporate and hotel ownership structure. Annual report, page 24
- Fleur is a material subsidiary. Annual report, page 24
- Keswani is the promoter. Annual report, page 11
- Keswani Executive Chairman. Investor presentation, page 5
- Keswani Executive Director of Fleur. Annual report, page 11
- Keswani Chairman of Fleur. Annual report, page 11
- Aditya Keswani is his son. Annual report, page 11
- Aditya Keswani Non-Executive Director. Annual report, page 11
Results
Consolidated; ₹ crore.Lemon Tree 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.
- +10.5%
- 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.
- +9.2%
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.
- ₹345 Crdown 17.24%
- 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
- ₹57 Crdown 50.76%
- 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
- 16.6%
Revenue by quarter
Peak revenue ₹416 Cr, quarter to Mar 2026; lowest ₹284 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 284 | 355 | 379 | 316 | 306 | 406 | 416 | 345 |
| Net profit | 35 | 80 | 108 | 48 | 42 | 82 | 116 | 57 |
| Net margin | 12.3% | 22.5% | 28.6% | 15.2% | 13.7% | 20.2% | 28.0% | 16.6% |
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.
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.
- ₹1,445 Crup 12.32%
- 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.
- ₹288 Crup 18.58%
- Net margin
- 20.0%
Revenue by year
Peak revenue ₹1,445 Cr, year to Mar 2026; lowest ₹252 Cr, year to Mar 2021
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 3 of the 9 years shown
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 484 | 550 | 669 | 252 | 402 | 875 | 1,071 | 1,286 | 1,445 |
| Net profit | 14 | 56 | −13 | −187 | −137 | 141 | 182 | 243 | 288 |
| Net margin | 2.9% | 10.3% | −2.0% | −74.1% | −34.1% | 16.1% | 17.0% | 18.9% | 20.0% |
Consolidated. Years to March. 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
In the year to Mar 2026 the company reports one business segment, Hotel Business, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Lemon Tree Hotels PE ratio and valuation
Price to earnings
At or below today's level on 2% of 982 trading days over the last 5 years.
LowestHighest
Its median65.42Industry median26.09
Price to book
At or below today's level on 38% of 1,972 trading days since Nov 2018.
LowestHighest
Its median6.89Industry median1.61
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 | −21.8% | +15.7% | −32.4% | 0.0% |
| 3 years | +9.1% | +25.6% | −13.1% | 0.0% |
| 5 years | +22.1% | – | – | 0.0% |
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 year to Mar 2026.
Mutual fund holdings
67 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 45 of the 45 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 67 funds holding Lemon Tree Hotels
- AddedAdded. Funds that held more shares than at the end of the month before.
- 13
- CutCut. Funds that held fewer shares than at the end of the month before.
- 32
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 22
- 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
- 9
| Fund | |||
|---|---|---|---|
 Nippon India Small Cap FundNippon India Mutual Fund | 1,91,33,536 | 0.25% | ₹199.5 Cr |
 Franklin India Small Cap FundFranklin Templeton Mutual Fund | 1,44,70,368 | 1.06% | ₹150.9 Cr |
 SBI Small Cap FundSBI Mutual Fund | 1,30,83,269 | 0.33% | ₹136.4 Cr |
 HSBC Small Cap FundHSBC Mutual Fund | 1,15,95,384 | 0.65% | ₹120.9 Cr |
| Franklin India Opportunities FundFranklin Templeton Mutual Fund | 90,02,650 | 0.98% | ₹93.9 Cr |
| Franklin India Flexi Cap FundFranklin Templeton Mutual Fund | 76,82,853 | 0.44% | ₹80.1 Cr |
| SBI ESG Exclusionary Strategy FundSBI Mutual Fund | 50,00,000 | 1.05% | ₹52.1 Cr |
| SBI Large & Midcap FundSBI Mutual Fund | 42,10,285 | 0.11% | ₹43.9 Cr |
| Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund | 33,03,337 | 0.59% | ₹34.4 Cr |
| HSBC ELSS Tax saver FundHSBC Mutual Fund | 32,59,753 | 0.86% | ₹34.0 Cr |
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.Lemon Tree Hotels insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- 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.
Lemon Tree Hotels competitors and peers
Hotels & Resorts, 73 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Lemon Tree Hotels in market cap.Consumer services companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Leela Palaces Hotels & ResortsTHELEELA | 20,211 | 43.65 | 3.08 | – | – | 7.3% | 8.7% | 0.00% |
 EIHEIHOTEL | 18,276 | 25.68 | 3.47 | +8.3% | +4.5% | 14.4% | 16.3% | 0.51% |
 Chalet HotelsCHALET | 17,574 | 33.28 | 4.75 | +6.0% | +85.3% | 15.7% | 13.7% | 0.25% |
 Ventive HospitalityVENTIVE | 12,842 | – | 2.33 | – | – | – | 8.4% | 0.00% |
 India Tourism Development CorporationITDC | 5,188 | 63.09 | 12.27 | −9.4% | +3.5% | 20.9% | 20.4% | 0.49% |
 Juniper HotelsJUNIPER | 4,396 | 26.50 | 1.53 | +11.5% | +141.7% | 5.9% | 8.9% | 0.00% |
 Mahindra Holidays & Resorts IndiaMHRIL | 3,703 | 67.23 | 4.68 | +7.4% | −59.0% | 7.2% | 8.7% | 0.00% |
 Samhi HotelsSAMHI | 3,376 | 6.70 | 1.55 | +11.1% | +411.4% | 30.3% | 7.8% | 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.
Latest announcements
Routine notices left out.Lemon Tree Hotels announcements
Oct 2026
16 Oct · Legal
Lemon Tree Hotels share price by year
Each calendar year to 2025.Lemon Tree Hotels share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 159.26 | +4.1% | 177.93 | 121.71 |
| 2024 | 152.96 | +27.6% | 157.53 | 114.03 |
| 2023 | 119.85 | +39.9% | 122.80 | 72.85 |
| 2022 | 85.65 | +83.8% | 100.90 | 45.80 |
| 2021 | 46.60 | +15.8% | 58.30 | 28.60 |
| 2020 | 40.25 | −37.1% | 63.30 | 14.40 |
| 2019 | 64.00 | −13.0% | 87.90 | 51.00 |
| 2018 | 73.60 | – | 84.70 | 63.05 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 9 Apr 2018.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 110.44 | 110.85 | 105.92 | 106.53 | 108.25 | 71,19,720 | 56.5% |
| 26 Oct 2026 | 108.94 | 111.20 | 107.20 | 110.14 | 109.59 | 16,67,829 | 39.3% |
| 23 Oct 2026 | 110.81 | 111.49 | 106.65 | 108.94 | 108.77 | 26,28,695 | 42.7% |
| 22 Oct 2026 | 110.50 | 111.96 | 108.15 | 110.95 | 110.51 | 21,33,405 | 38.8% |
| 21 Oct 2026 | 111.67 | 113.00 | 109.16 | 109.82 | 110.72 | 18,41,995 | 48.4% |
| 19 Oct 2026 | 113.57 | 114.07 | 111.15 | 111.67 | 112.61 | 17,50,386 | 34.8% |
| 16 Oct 2026 | 113.50 | 115.24 | 111.65 | 113.42 | 113.64 | 24,21,412 | 36.8% |
| 15 Oct 2026 | 112.52 | 117.90 | 111.90 | 112.50 | 114.55 | 77,39,421 | 28.1% |
| 14 Oct 2026 | 111.80 | 112.46 | 110.90 | 111.46 | 111.60 | 11,15,344 | 44.9% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- LEMONTREE
- BSE code
- 541233
- ISIN
- INE970X01018
- Industry
- Leisure Services
- Website
- www.lemontreehotels.com
- CIN
- L74899HR1992PLC140546
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1992
- Registered office
- Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram 122011, Haryana
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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