Lemon Tree Hotels Limited
₹109.30-₹2.00 (-1.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹11,999 Cr
- P/E
- 112.0x
- EV / EBITDA
- 60.7x
- Revenue
- ₹385 Cr
- Net margin
- 27.2%
- ROCE
- 11.7%
Price chart
Technical chartScreen technicals →-35.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +4.8%
- 3M
- 0.0%
- 6M
- -7.1%
- 1Y
- -35.1%
- 5Y
- +90.6%
52-week range
Day change -₹2.00 (-1.8%) from ₹111 to ₹109 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in LEMONTREE, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 24.8%
Concerns1
- Low return on equity of 8.4%
Rule-based from financial data. Not advice.
About the company
Lemon Tree Hotels Limited, together with its subsidiaries, develops, owns, acquires, operates, manages, renovates and promotes hotels, motels, resorts, restaurants in India. The company also operates hotel chains, owns, leases, operates, franchises hotels. It provides housing rental, digital transformation services.
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Lemon Tree Hotels Limited, together with its subsidiaries, develops, owns, acquires, operates, manages, renovates and promotes hotels, motels, resorts, restaurants in India. The company also operates hotel chains, owns, leases, operates, franchises hotels. It provides housing rental, digital transformation services. The company operates hotels in India and internationally under various brand names, including Aurika Hotels and Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select, and Keys Lite. Lemon Tree Hotels Limited was incorporated in 1992 and is based in Gurugram, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 78.9 Cr shares
- ISIN
- INE970X01018
- BSE code
- 541233
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹11,999 Cr
- P/E
- 112.0x
- P/B
- 9.3x
- EV / EBITDA
- 60.7x
- EV / Sales
- 34.9x
- P/S
- 33.6x
- Earnings yield
- 0.9%
- 52-week high
- ₹168.45
- 52-week low
- ₹100.45
Profitability
- Operating margin
- 53.2%
- Net margin
- 27.2%
- EBITDA margin
- 57.4%
- ROE
- 8.4%
- ROCE
- 11.7%
- ROA
- 5.8%
- Dividend payout
- 0.0%
- Tax rate
- 29.0%
- Other income, % of PBT
- 11.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹385 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹205 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.1%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 24.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹199 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 40.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.8%
Solvency and efficiency
- Current ratio
- 28.72
- Debt / Equity
- 0.41
- Debt / Assets
- 0.28
- Debt / EBITDA
- 2.30
- Interest coverage
- 3.88
- Financial leverage
- 1.44
- CFO / Net profit
- 2.05
- Cash / Market cap
- 1.1%
- Cash per share
- ₹1.74
- Asset turnover
- 0.21
- Fixed asset turnover
- 0.68
- Capital intensity
- 1.46
- Debtor days
- 20 days
- Cash conversion cycle
- 20 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹26 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹187 Cr |
| Sales | Operating profit | ₹198 Cr |
| Operating profit | Interest | ₹42 Cr |
| Operating profit | Depreciation | ₹20 Cr |
| Operating profit | Profit before tax | ₹136 Cr |
| Other income | Profit before tax | ₹6 Cr |
| Profit before tax | Tax and other | ₹42 Cr |
| Profit before tax | Net profit | ₹100 Cr |
Revenue and net profit
Revenue grew 7.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹80 Cr | -₹41 Cr |
| FY2022 | ₹129 Cr | -₹16 Cr |
| FY2023 | ₹310 Cr | ₹79 Cr |
| FY2024 | ₹357 Cr | ₹97 Cr |
| FY2025 | ₹385 Cr | ₹100 Cr |
Cash flows
FY2025: ₹171 Cr from operations, ₹122 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹5 Cr | ₹41 Cr |
| FY2022 | ₹75 Cr | ₹54 Cr |
| FY2023 | ₹142 Cr | ₹3 Cr |
| FY2024 | ₹199 Cr | ₹114 Cr |
| FY2025 | ₹171 Cr | ₹122 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹385 Cr+7.8%1Y
- Net profit
- ₹100 Cr+3.1%1Y
- Cash from operations
- ₹171 Cr
- Free cash flow
- ₹122 Cr+7.0%1Y
- Revenue CAGR, 5Y
- 5.7%
- EBITDA CAGR, 5Y
- 12.7%
- Net profit CAGR, 5Y
- 24.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹385 Cr | ₹198 Cr | — | ₹100 Cr | ₹171 Cr | ₹122 Cr | 8.0% | +7.8% | +3.1% |
Monthly returns
Month-by-month returns of LEMONTREE across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,700 Cr |
| Equity capital | ₹792 Cr |
| Reserves | ₹465 Cr |
| Borrowings | ₹398 Cr |
| Other liabilities | ₹45 Cr |
| Assets | ₹1,700 Cr |
| Fixed assets | ₹514 Cr |
| Capital work in progress | ₹40 Cr |
| Investments | ₹986 Cr |
| Other assets | ₹160 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
LEMONTREE trades at 112.0x earnings against a peer median of 55.4x (a 102% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Lemon Tree Hotels LimitedLEMONTREEthis companyP/E ↑ premium | ₹11,999 Cr | 112.0x | 9.3x | 8.4% | 60.7x |
| Vedant Fashions LimitedMANYAVAR | ₹13,161 Cr | 34.2x | 7.6x | 25.8% | 18.4x |
| LT Foods LimitedLTFOODS | ₹12,994 Cr | 62.3x | 7.1x | 9.4% | 47.4x |
| IndiaMART InterMESH LimitedINDIAMART | ₹12,964 Cr | 21.4x | 5.8x | 20.5% | 25.8x |
| BLS International Services LtdBLS | ₹12,241 Cr | 1632.0x | 162.3x | 41.6% | 255.2x |
| Thangamayil Jewellery LimitedTHANGAMAYL | ₹11,670 Cr | 63.5x | 10.0x | 24.9% | 55.0x |
| Bata India LimitedBATAINDIA | ₹11,667 Cr | 63.9x | 7.7x | — | — |
| Cello World LimitedCELLO | ₹11,097 Cr | 113.0x | 7.4x | 8.7% | 118.0x |
| Eureka Forbes LimitedEUREKAFORB | ₹10,988 Cr | 59.7x | 2.5x | 2.2% | 59.0x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
LEMONTREE since 1 January, against earlier years.
Historical volatility
LEMONTREE's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 20.0% |
| FY2022 | 31.0% |
| FY2023 | 56.0% |
| FY2024 | 53.0% |
| FY2025 | 51.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹385 Cr |
| Costs | |
| Interest | ₹42 Cr |
| Expenses | ₹187 Cr |
| Operating profitOperating Profit | ₹198 Cr |
| Other income and charges | |
| Profit before tax | ₹142 Cr |
| Tax | |
| Net profitNet Profit | ₹100 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,700 Cr |
| Equity capitalEquity Capital | ₹792 Cr |
| Reserves | ₹465 Cr |
| Borrowings | ₹398 Cr |
| Other liabilitiesOther Liabilities | ₹45 Cr |
| AssetsTotal Assets | ₹1,700 Cr |
| Fixed assetsFixed Assets | ₹514 Cr |
| Capital work in progressCWIP | ₹40 Cr |
| Investments | ₹986 Cr |
| Other assetsOther Assets | ₹160 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹171 Cr |
| Investing cash flowCash from Investing Activity | -₹49 Cr |
| Financing cash flowCash from Financing Activity | -₹114 Cr |
| Change in cashNet Cash Flow | ₹8 Cr |
Learn while you research
Academy chapters picked for Lemon Tree Hotels Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 112.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read