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Lemon Tree Hotels Ltd.
NSE: LEMONTREE · Consumer Services
₹117.39-0.12%06 Nov 2026
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Instant answers about Lemon Tree Hotels Ltd. — computed from its filings, no language modelMarket cap₹9,295 cr
Current price₹117.39
High / Low₹168 / ₹100
P/E36.2
P/B6.20
Book value₹18.9
ROE17.1%
ROCE20.0%
Debt / equity0.95
Dividend yield—
EPS (TTM)₹3.24
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 484 | 550 | 669 | 252 | 402 | 875 | 1,071 | 1,286 | 1,444 |
| EBITDA | 136 | 169 | 238 | 61 | 119 | 448 | 523 | 634 | 691 |
| Operating margin | 28.1% | 30.7% | 35.6% | 24.3% | 29.5% | 51.2% | 48.8% | 49.3% | 47.8% |
| Interest | 74 | 80 | 156 | 182 | 174 | 177 | 202 | 201 | 167 |
| Depreciation | 53 | 54 | 87 | 108 | 104 | 97 | 112 | 139 | 139 |
| Profit before tax | 18 | 44 | 0 | -215 | -146 | 177 | 215 | 296 | 360 |
| Tax | 4 | -11 | 11 | -32 | -7 | 38 | 34 | 53 | 71 |
| Net profit | 14 | 53 | -10 | -127 | -87 | 115 | 148 | 197 | 227 |
| EPS ₹ | 0.18 | 0.67 | -0.12 | -1.61 | -1.11 | 1.45 | 1.88 | 2.48 | 2.87 |
| Operating cash flow | — | — | — | — | 135 | 385 | 465 | 542 | 542 |
| Capex | — | — | — | — | 68 | 162 | 331 | 96 | 138 |
| Dividend paid | — | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Total assets | 2,458 | 2,772 | 3,763 | 3,819 | 3,635 | 3,732 | 4,033 | 4,082 | 4,285 |
| Equity | 815 | 875 | 989 | 918 | 831 | 854 | 967 | 1,164 | 1,392 |
Quarterly performance
last 34 quarters · ₹ crore| MAR '18 | JUN '18 | SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 132 | 128 | 129 | 143 | 151 | 141 | 153 | 200 | 176 | 41 | 48 | 68 | 95 | 42 | 97 | 144 | 120 | 197 | 234 | 253 | 222 | 227 | 289 | 327 | 268 | 284 | 355 | 379 | 316 | 306 | 406 | 416 | 345 | 361 |
| Operating profit | 38 | 35 | 36 | 49 | 49 | 45 | 48 | 81 | 64 | 4 | 8 | 20 | 29 | -0 | 34 | 63 | 22 | 94 | 126 | 140 | 104 | 102 | 140 | 171 | 115 | 131 | 184 | 204 | 141 | 131 | 205 | 215 | 150 | 160 |
| Operating margin | 29.0% | 27.2% | 28.0% | 34.2% | 32.5% | 31.8% | 31.7% | 40.7% | 36.3% | 10.7% | 17.5% | 29.4% | 30.0% | -0.2% | 35.0% | 44.1% | 18.1% | 47.6% | 54.2% | 55.4% | 47.0% | 44.8% | 48.4% | 52.4% | 42.9% | 46.0% | 51.9% | 53.9% | 44.5% | 42.7% | 50.4% | 51.7% | 43.4% | 44.2% |
| Other income | 7 | 0 | 5 | 2 | 3 | 1 | 1 | 3 | 0 | 3 | 6 | 2 | 2 | 2 | 2 | 2 | 8 | 1 | 1 | 2 | 2 | 3 | 2 | 4 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 3 | 2 | 2 |
| Interest | 19 | 18 | 19 | 21 | 22 | 30 | 32 | 45 | 49 | 47 | 46 | 45 | 43 | 43 | 45 | 44 | 42 | 45 | 44 | 45 | 48 | 47 | 53 | 53 | 52 | 51 | 50 | 47 | 45 | 42 | 41 | 39 | 36 | 36 |
| Depreciation | 13 | 13 | 13 | 13 | 14 | 17 | 20 | 23 | 28 | 27 | 27 | 27 | 26 | 26 | 26 | 25 | 27 | 25 | 24 | 24 | 23 | 23 | 33 | 33 | 35 | 35 | 35 | 35 | 34 | 34 | 35 | 35 | 36 | 37 |
| Profit before tax | 13 | 4 | 9 | 17 | 15 | -1 | -3 | 16 | -12 | -66 | -59 | -50 | -39 | -67 | -35 | -4 | -40 | 25 | 59 | 73 | 36 | 35 | 55 | 89 | 29 | 45 | 99 | 123 | 63 | 56 | 99 | 142 | 79 | 111 |
| Tax | 1 | 2 | 3 | 3 | -19 | 1 | 0 | 5 | 6 | -7 | -6 | -5 | -14 | -8 | -1 | 2 | -0 | 6 | 11 | 14 | 9 | 9 | 12 | 5 | 9 | 10 | 20 | 14 | 15 | 14 | 17 | 25 | 22 | 31 |
| Net profit | 11 | 2 | 6 | 12 | 32 | -2 | -2 | 12 | -18 | 42 | -37 | -31 | -17 | -40 | -21 | -2 | -25 | 17 | 40 | 44 | 23 | 23 | 35 | 67 | 20 | 30 | 62 | 85 | 38 | 35 | 63 | 91 | 46 | 57 |
| EPS ₹ | 0.14 | 0.03 | 0.07 | 0.16 | 0.41 | -0.02 | -0.03 | 0.15 | -0.23 | -0.53 | -0.47 | -0.40 | -0.21 | -0.51 | -0.26 | -0.02 | -0.31 | 0.21 | 0.51 | 0.56 | 0.30 | 0.29 | 0.45 | 0.85 | 0.25 | 0.37 | 0.79 | 1.07 | 0.48 | 0.44 | 0.79 | 1.16 | 0.58 | 0.72 |
| Revenue YoY | — | — | — | — | 14.0% | 10.2% | 18.7% | 39.3% | 17.0% | -71.1% | -68.8% | -65.7% | -46.0% | 3.6% | 103.6% | 110.1% | 25.7% | 103.0% | 62.6% | 111.4% | — | 15.5% | 23.6% | 29.5% | 20.6% | 25.2% | 23.0% | 15.6% | 17.8% | 7.7% | 14.3% | 10.0% | 9.1% | 18.0% |
| Profit YoY | — | — | — | — | 187.8% | -172.9% | -137.9% | -2.2% | -155.2% | — | — | -356.1% | — | -195.8% | — | — | — | — | — | — | — | 35.1% | -11.4% | 52.3% | -15.6% | 30.9% | 76.5% | 26.4% | 93.5% | 16.7% | 0.3% | 8.1% | 20.1% | 63.7% |
Returns & margins
trailing-twelve-month, per quarter| DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.9% | 6.0% | 5.6% | 4.7% | 4.7% | -1.0% | 3.4% | -0.1% | -4.5% | -4.7% | -13.7% | -11.9% | -8.7% | -10.5% | 14.5% | 15.0% | 14.5% | 15.4% | 15.0% | 14.9% | 17.6% | 16.9% | 18.5% | 17.8% | 17.8% | 16.3% | 16.9% | 17.1% |
| ROCE | 6.7% | 6.2% | 6.5% | 6.6% | 7.8% | 6.3% | 4.3% | 2.6% | -0.0% | -1.3% | -1.4% | -0.6% | 1.2% | 1.1% | 12.4% | 12.0% | 12.2% | 14.6% | 14.5% | 15.1% | 16.5% | 15.0% | 15.8% | 18.5% | 18.1% | 15.5% | 15.8% | 20.0% |
| Net margin | 6.0% | 9.6% | 8.7% | 7.0% | 6.3% | -1.4% | 6.0% | -0.2% | -13.4% | -17.2% | -49.5% | -36.0% | -21.1% | -21.7% | 13.7% | 13.9% | 12.7% | 13.9% | 13.0% | 13.0% | 14.5% | 15.3% | 16.1% | 16.2% | 15.7% | 15.7% | 15.9% | 16.8% |
| EBITDA margin | 29.7% | 30.7% | 31.7% | 32.5% | 34.7% | 35.6% | 34.8% | 34.0% | 29.1% | 24.3% | 22.4% | 27.2% | 33.2% | 29.5% | 51.3% | 50.5% | 49.0% | 48.6% | 47.5% | 47.7% | 48.7% | 49.3% | 49.4% | 48.6% | 48.3% | 47.8% | 47.5% | 47.7% |
| Debt / equity | 1.19 | 1.30 | 1.30 | 1.30 | 1.30 | 1.53 | 1.53 | 1.53 | 1.53 | 1.84 | 1.84 | 1.84 | 1.84 | 2.04 | 2.55 | 2.73 | 2.73 | 1.96 | 1.96 | 1.79 | 1.79 | 1.85 | 1.85 | 1.30 | 1.30 | 1.44 | 1.44 | 0.95 |
| Interest coverage | 1.55 | 1.56 | 1.43 | 1.26 | 1.21 | 1.00 | 0.63 | 0.35 | -0.00 | -0.18 | -0.21 | -0.09 | 0.17 | 0.16 | 2.06 | 2.10 | 2.03 | 2.07 | 2.01 | 2.04 | 2.27 | 2.48 | 2.71 | 2.85 | 2.94 | 3.15 | 3.37 | 3.82 |
| Asset turnover | 0.22 | 0.20 | 0.20 | 0.21 | 0.23 | 0.18 | 0.15 | 0.12 | 0.09 | 0.07 | 0.07 | 0.08 | 0.10 | 0.11 | 0.24 | 0.24 | 0.25 | 0.26 | 0.28 | 0.29 | 0.31 | 0.32 | 0.33 | 0.33 | 0.34 | 0.34 | 0.34 | 0.35 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '17‡ | MAR '18‡ | MAR '19‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 781 | 786 | 789 | 790 | 790 | 791 | 791 | 792 | 792 | 792 | 792 | 792 | 792 | 792 | 792 |
| Other equity / reserves | 27 | 28 | 86 | 199 | 127 | 40 | 56 | 62 | 73 | 175 | 224 | 372 | 445 | 600 | 708 |
| Total equity | 809 | 815 | 875 | 989 | 918 | 831 | 847 | 854 | 864 | 967 | 1,016 | 1,164 | 1,237 | 1,392 | 1,500 |
| Borrowings | 758 | 967 | 1,136 | 1,510 | 1,685 | 1,699 | 2,111 | 2,177 | 2,358 | 1,894 | 1,823 | 2,148 | 1,610 | 2,004 | 1,429 |
| Current liabilities | 255 | 249 | 292 | 303 | 296 | 253 | 258 | 370 | 425 | 359 | 381 | 344 | 385 | 354 | 399 |
| Non-current liabilities | 720 | 966 | 1,173 | 1,915 | 1,987 | 1,983 | 1,967 | 1,949 | 2,113 | 2,128 | 2,047 | 1,948 | 1,856 | 1,852 | 1,702 |
| Total assets | 2,212 | 2,458 | 2,772 | 3,763 | 3,819 | 3,635 | 3,639 | 3,732 | 3,957 | 4,033 | 4,030 | 4,082 | 4,120 | 4,285 | 4,327 |
| Property, plant & equipment | 1,407 | 1,449 | 1,589 | 2,652 | 2,571 | 2,510 | 2,895 | 2,854 | 2,828 | 3,505 | 3,454 | 3,428 | 3,384 | 3,426 | 3,446 |
| Capital work-in-progress | 349 | 556 | 664 | 190 | 242 | 295 | 343 | 469 | 688 | 25 | 35 | 45 | 61 | 108 | 170 |
| Investments | 6 | 15 | 35 | 14 | 6 | 10 | 5 | 6 | 6 | 13 | 10 | 45 | 76 | 73 | 38 |
| Inventories | 5 | 5 | 6 | 8 | 7 | 8 | 10 | 11 | 13 | 14 | 16 | 14 | 15 | 14 | 16 |
| Receivables | 31 | 53 | 84 | 50 | 31 | 29 | 53 | 56 | 61 | 71 | 73 | 79 | 87 | 116 | 122 |
| Cash & equivalents | 18 | 21 | 31 | 41 | 127 | 54 | 21 | 24 | 21 | 34 | 26 | 55 | 39 | 58 | 57 |
Cash flow
annual · ₹ crore · line = free cash flow| FY17‡ | FY18‡ | FY19‡ | FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 122 | 115 | 187 | 151 | 41 | 135 | 385 | 465 | 542 | 542 |
| Cash from investing | -229 | -260 | -289 | -608 | -66 | -45 | -283 | -397 | -127 | -169 |
| Cash from financing | 111 | 149 | 113 | 457 | 111 | -163 | -132 | -59 | -392 | -370 |
| Capex | 230 | 243 | 280 | 644 | 70 | 68 | 162 | 331 | 96 | 138 |
| Free cash flow | -109 | -129 | -94 | -494 | -29 | 68 | 223 | 134 | 446 | 403 |
| Dividends paid | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹3,446 cr80%
CWIP₹170 cr4%
Investments₹38 cr1%
Inventories₹16 cr0%
Receivables₹122 cr3%
Cash & equivalents₹57 cr1%
Other assets₹479 cr11%
Peer comparison
largest in Consumer Services · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Eternal Ltd. | 3,34,461 | 363.15 | 678.4 | 10.69 | 1.6% |
| Avenue Supermarts Ltd. | 2,23,396 | 3,425.00 | 71.7 | 8.56 | 11.9% |
| Trent Ltd. | 1,64,172 | 3,079.00 | 86.6 | 21.13 | 24.4% |
| Indian Hotels Co. Ltd. | 1,26,398 | 888.00 | 57.2 | 9.27 | 16.2% |
| Lenskart Solutions Ltd. | 1,26,056 | 724.75 | 161.6 | 13.52 | 8.4% |
| Meesho Ltd. | 1,08,067 | 233.48 | — | 25.69 | -21.9% |
| FSN E-Commerce Ventures Ltd. | 1,01,110 | 353.00 | 313.5 | 61.10 | 19.5% |
| Info Edge (India) Ltd. | 77,285 | 1,191.90 | 43.8 | 1.67 | 3.8% |
| Swiggy Ltd. | 50,087 | 191.17 | — | 2.95 | -21.1% |
| Vishal Mega Mart Ltd. | 44,037 | 94.00 | 77.0 | 5.58 | 7.2% |
| Lemon Tree Hotels Ltd. | 9,295 | 117.39 | 36.2 | 6.20 | 17.1% |
StoxGud checklist: Bullish setup · 8/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month+4.3%
6 months-3.6%
1 year-28.9%
3Y CAGR+0.8%
5Y CAGR+15.9%
10Y CAGR—
50-day avg₹108.56
200-day avg₹113.68
RSI (14)57
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FAQs
What is the share price of Lemon Tree Hotels Ltd.?
Lemon Tree Hotels Ltd. (LEMONTREE) closed at ₹117.39 on NSE on 06 Nov 2026.
What is the market cap of Lemon Tree Hotels Ltd.?
₹9,295 crore at the latest close.
What is the P/E ratio of Lemon Tree Hotels Ltd.?
36.2, on trailing-twelve-month earnings from its filings.
How fast is Lemon Tree Hotels Ltd. growing?
Lemon Tree Hotels Ltd.: revenue has compounded at 18.2% a year over three years; net profit at 25.6% a year. Latest-quarter revenue is up 18.0% year on year, profit up 63.7%.
How profitable is Lemon Tree Hotels Ltd.?
On a trailing-twelve-month basis return on equity is 17.1%, return on capital employed 20.0%, operating margin 47.7%, net margin 16.8%.
How much debt does Lemon Tree Hotels Ltd. have?
Lemon Tree Hotels Ltd. is moderately geared: debt to equity is 0.95 with borrowings of ₹1,429 cr against cash of ₹57 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.8 times.
Financials parsed from Lemon Tree Hotels Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.
Lemon Tree Hotels Ltd. · advanced chart