About
The Indian Hotels Company Limited, together with its subsidiaries, owns, operates, and manages hotels, palaces and resorts in India and internationally. It operates through two segments: Hotel Services and Air and Institutional Catering. The company operates hotels under the Taj, Claridges Collection, SeleQtions, GATEWAY, Vivanta, Ginger, Tree of Life, amã Stays & Trails, Qmin, and Taj Sats brand names. It also provides trails, stays, restaurants, bars, clubs, spas, salons, food and beverages, and boutique services. The Indian Hotels Company Limited was founded in 1868 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap102,487 Cr
P/E52.70
Div Yield0.45 %
Book Value₹91.70
52w High₹793.00
52w Low₹565.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,339.00 | 2,765.00 | 2,842.00 | 2,041.00 | 2,041.00 | 2,425.00 | 2,533.00 | 1,826.00 | 1,550.00 | 1,905.00 | 1,964.00 | 1,433.00 | 1,466.00 |
| Expenses | 1,666.00 | 1,793.00 | 1,766.00 | 1,471.00 | 1,465.00 | 1,568.00 | 1,571.00 | 1,325.00 | 1,101.00 | 1,246.00 | 1,231.00 | 1,078.00 | 1,056.00 |
| Operating Profit | 673.00 | 973.00 | 1,076.00 | 570.00 | 576.00 | 857.00 | 962.00 | 501.00 | 450.00 | 660.00 | 732.00 | 355.00 | 410.00 |
| OPM % | 29.00 | 35.00 | 38.00 | 28.00 | 28.00 | 35.00 | 38.00 | 27.00 | 29.00 | 35.00 | 37.00 | 25.00 | 28.00 |
| Other Income | 80.00 | 79.00 | 334.00 | 83.00 | 61.00 | 59.00 | 59.00 | 371.00 | 46.00 | 46.00 | 40.00 | 48.00 | 49.00 |
| Depreciation | 163.00 | 167.00 | 150.00 | 145.00 | 143.00 | 142.00 | 134.00 | 125.00 | 117.00 | 120.00 | 114.00 | 111.00 | 109.00 |
| Interest | 57.00 | 55.00 | 56.00 | 56.00 | 55.00 | 54.00 | 52.00 | 52.00 | 50.00 | 52.00 | 53.00 | 59.00 | 57.00 |
| Profit before tax | 533.00 | 830.00 | 1,203.00 | 453.00 | 440.00 | 720.00 | 834.00 | 696.00 | 328.00 | 535.00 | 605.00 | 232.00 | 294.00 |
| Tax % | 27.00 | 25.00 | 22.00 | 30.00 | 27.00 | 25.00 | 26.00 | 18.00 | 29.00 | 26.00 | 28.00 | 31.00 | 28.00 |
| Net Profit | 391.00 | 645.00 | 954.00 | 318.00 | 329.00 | 563.00 | 633.00 | 583.00 | 260.00 | 438.00 | 477.00 | 179.00 | 236.00 |
| EPS in Rs | 2.51 | 4.21 | 6.35 | 2.00 | 2.08 | 3.67 | 4.09 | 3.90 | 1.75 | 2.93 | 3.18 | 1.18 | 1.57 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,689.00 | 8,335.00 | 6,769.00 | 5,810.00 | 3,056.00 | 1,575.00 | 4,463.00 | 4,512.00 | 4,104.00 | 4,021.00 | 4,023.00 | 4,189.00 |
| Expenses | 6,493.00 | 5,565.00 | 4,609.00 | 4,005.00 | 2,651.00 | 1,937.00 | 3,496.00 | 3,682.00 | 3,432.00 | 3,411.00 | 3,411.00 | 3,762.00 |
| Operating Profit | 3,196.00 | 2,769.00 | 2,160.00 | 1,805.00 | 405.00 | -362.00 | 968.00 | 830.00 | 671.00 | 610.00 | 612.00 | 427.00 |
| OPM % | 33.00 | 33.00 | 32.00 | 31.00 | 13.00 | -23.00 | 22.00 | 18.00 | 16.00 | 15.00 | 15.00 | 10.00 |
| Other Income | 557.00 | 535.00 | 181.00 | 142.00 | 171.00 | 325.00 | 173.00 | 90.00 | 83.00 | 44.00 | -43.00 | -193.00 |
| Interest | 221.00 | 208.00 | 220.00 | 236.00 | 428.00 | 403.00 | 341.00 | 190.00 | 269.00 | 324.00 | 376.00 | 176.00 |
| Depreciation | 605.00 | 518.00 | 454.00 | 416.00 | 406.00 | 410.00 | 404.00 | 328.00 | 301.00 | 299.00 | 285.00 | 291.00 |
| Profit before tax | 2,926.00 | 2,578.00 | 1,666.00 | 1,295.00 | -258.00 | -850.00 | 396.00 | 402.00 | 184.00 | 31.00 | -91.00 | -232.00 |
| Tax % | 25.00 | 24.00 | 28.00 | 25.00 | -14.00 | -18.00 | 11.00 | 39.00 | 66.00 | 372.00 | 99.00 | 49.00 |
| Net Profit | 2,247.00 | 2,038.00 | 1,330.00 | 1,053.00 | -265.00 | -796.00 | 364.00 | 296.00 | 104.00 | -46.00 | -203.00 | -347.00 |
| EPS in Rs | 14.64 | 13.40 | 8.85 | 7.06 | -1.74 | -5.45 | 2.68 | 2.17 | 0.76 | -0.48 | -1.75 | -3.51 |
| Dividend Payout % | 22.00 | 17.00 | 20.00 | 14.00 | -23.00 | -7.00 | 17.00 | 21.00 | 47.00 | -55.00 | -13.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 142.00 | 142.00 | 142.00 | 142.00 | 142.00 | 119.00 | 119.00 | 119.00 | 119.00 | 99.00 | 99.00 | 81.00 |
| Reserves | 12,910.00 | 11,018.00 | 9,314.00 | 7,840.00 | 6,920.00 | 3,530.00 | 4,238.00 | 4,229.00 | 4,062.00 | 2,419.00 | 2,481.00 | 2,146.00 |
| Borrowings | 2,837.00 | 3,084.00 | 2,736.00 | 3,139.00 | 3,888.00 | 5,518.00 | 4,501.00 | 2,326.00 | 2,427.00 | 3,383.00 | 4,526.00 | 5,074.00 |
| Other Liabilities | 4,332.00 | 3,371.00 | 2,541.00 | 2,391.00 | 2,052.00 | 2,268.00 | 2,584.00 | 2,840.00 | 2,706.00 | 2,698.00 | 2,691.00 | 2,582.00 |
| Total Liabilities | 20,221.00 | 17,616.00 | 14,733.00 | 13,512.00 | 13,002.00 | 11,435.00 | 11,442.00 | 9,514.00 | 9,314.00 | 8,599.00 | 9,797.00 | 9,884.00 |
| Fixed Assets | 12,210.00 | 10,918.00 | 9,311.00 | 8,819.00 | 8,415.00 | 8,438.00 | 8,059.00 | 6,422.00 | 6,163.00 | 5,815.00 | 6,762.00 | 6,299.00 |
| CWIP | 787.00 | 633.00 | 256.00 | 332.00 | 194.00 | 165.00 | 244.00 | 116.00 | 197.00 | 223.00 | 290.00 | 306.00 |
| Investments | 3,606.00 | 2,279.00 | 2,261.00 | 1,891.00 | 1,967.00 | 1,483.00 | 1,427.00 | 1,335.00 | 1,511.00 | 1,244.00 | 1,515.00 | 1,587.00 |
| Other Assets | 3,617.00 | 3,786.00 | 2,905.00 | 2,470.00 | 2,426.00 | 1,349.00 | 1,712.00 | 1,641.00 | 1,443.00 | 1,317.00 | 1,231.00 | 1,692.00 |
| Total Assets | 20,221.00 | 17,616.00 | 14,733.00 | 13,512.00 | 13,002.00 | 11,435.00 | 11,442.00 | 9,514.00 | 9,314.00 | 8,599.00 | 9,797.00 | 9,884.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2,471.00 | 2,194.00 | 1,935.00 | 1,619.00 | 672.00 | -319.00 | 823.00 | 711.00 | 492.00 | 535.00 | 619.00 | 495.00 |
| Cash from Investing Activity | -1,346.00 | -1,869.00 | -1,208.00 | -138.00 | -1,641.00 | -118.00 | -497.00 | -387.00 | -521.00 | 848.00 | 341.00 | -726.00 |
| Cash from Financing Activity | -976.00 | -547.00 | -985.00 | -1,528.00 | 1,659.00 | 280.00 | -265.00 | -343.00 | 96.00 | -1,381.00 | -1,196.00 | 491.00 |
| Net Cash Flow | 149.00 | -222.00 | -257.00 | -47.00 | 689.00 | -157.00 | 62.00 | -19.00 | 67.00 | 1.00 | -237.00 | 260.00 |
| Free Cash Flow | 1,444.00 | 1,133.00 | 1,302.00 | 1,191.00 | 387.00 | -506.00 | 511.00 | 251.00 | -13.00 | 954.00 | 253.00 | 184.00 |
| CFO/OP % | 98.00 | 100.00 | 104.00 | 104.00 | 152.00 | 95.00 | 106.00 | 110.00 | 95.00 | 102.00 | 116.00 | 121.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27.00 | 28.00 | 26.00 | 28.00 | 30.00 | 51.00 | 24.00 | 26.00 | 29.00 | 25.00 | 22.00 | 26.00 |
| Inventory Days | 57.00 | 64.00 | 82.00 | 84.00 | 143.00 | 236.00 | 92.00 | 73.00 | 83.00 | 81.00 | 80.00 | 85.00 |
| Days Payable | 276.00 | 273.00 | 364.00 | 368.00 | 550.00 | 807.00 | 383.00 | 294.00 | 330.00 | 294.00 | 286.00 | 273.00 |
| Cash Conversion Cycle | -191.00 | -180.00 | -257.00 | -256.00 | -376.00 | -520.00 | -268.00 | -195.00 | -217.00 | -189.00 | -184.00 | -162.00 |
| Working Capital Days | -37.00 | -40.00 | -61.00 | -84.00 | -165.00 | -555.00 | -99.00 | -112.00 | -69.00 | -114.00 | -166.00 | -66.00 |
| ROCE % | 17.00 | 17.00 | 15.00 | 13.00 | 1.00 | -6.00 | 7.00 | 8.00 | 6.00 | 5.00 | 5.00 | 4.00 |
Corporate Actions
36 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 23 Jun 2026 | 23 Jun 2026 | — | 3.25 | |
| Dividend | 30 Jun 2025 | 30 Jun 2025 | — | 2.25 | |
| Dividend | 07 Jun 2024 | 07 Jun 2024 | — | 1.75 | |
| Dividend | 09 Jun 2023 | — | — | 1.00 | |
| Dividend | 22 Jun 2022 | — | — | 0.40 | |
| Rights | 11 Nov 2021 | 13 Nov 2021 | 1:9 | — | |
| Other | 11 Nov 2021 | 13 Nov 2021 | — | — | Right Issue of Equity Shares |
| Dividend | 14 Jun 2021 | 15 Jun 2021 | — | 0.40 | |
| Dividend | 17 Jul 2020 | — | — | 0.50 | |
| Dividend | 12 Jun 2019 | — | — | 0.50 | |
| Dividend | 11 Jul 2018 | — | — | 0.40 | |
| Other | 11 Jul 2018 | — | — | — | Annual General Meeting/Dividend Re- 0.40 Per Share |
| Rights | 04 Oct 2017 | 05 Oct 2017 | 1:5 | — | |
| Other | 04 Oct 2017 | 05 Oct 2017 | — | — | Right Issue of Equity Shares |
| Dividend | 11 Aug 2017 | — | — | 0.35 | |
| Dividend | 12 Aug 2016 | — | — | 0.30 | |
| Other | 06 Aug 2015 | — | — | — | Annual General Meeting |
| Other | 21 Aug 2014 | — | — | — | Annual General Meeting |
| Other | 18 Jul 2014 | 21 Jul 2014 | — | — | Right Issue of Fully Convertible Debentures |
| Other | 18 Jul 2014 | 21 Jul 2014 | — | — | 9 Ccds For Every 40 Equity Shares |
| Dividend | 17 Jul 2013 | — | — | 0.80 | |
| Dividend | 18 Jul 2012 | — | — | 1.00 | |
| Dividend | 20 Jul 2011 | — | — | 1.00 | |
| Dividend | 23 Jul 2010 | — | — | 1.00 | |
| Dividend | 17 Jul 2009 | — | — | 1.20 | |
| Other | 17 Jul 2009 | — | — | — | Dividend-Re.1.20 Pr Share |
| Other | 07 Aug 2008 | — | — | — | Annual General Meeting |
| Dividend | 22 Apr 2008 | 23 Apr 2008 | — | 1.90 | |
| Other | 21 Feb 2008 | 28 Feb 2008 | — | — | Right Issue of NCD with Warrants |
| Other | 21 Feb 2008 | 28 Feb 2008 | — | — | Right Issue of Equity Shares |
| Other | 21 Feb 2008 | 28 Feb 2008 | — | — | Rhts-Eq1:5&1ncd/Wrnt:10eq |
| Dividend | 18 Jul 2007 | — | — | 1.60 | |
| Split | 27 Oct 2006 | 03 Nov 2006 | 10:1 | — | |
| Dividend | 14 Jul 2006 | — | — | 1.30 | |
| Dividend | 05 Jul 2005 | — | — | 1.00 | |
| Dividend | 30 Jul 2001 | — | — | 10.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update20 Feb from icra
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Rating update1 Dec 2025 from care
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Rating update9 Jan 2025 from icra
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Rating update25 Sep 2024 from care
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Rating update6 Nov 2023 from icra
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Rating update4 Oct 2023 from care
Conference Calls
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