āagman

Not investment advice. Data and computed figures, for information only.

Lemon Tree Hotels Ltd

NSE: LEMONTREE
₹112.50
+₹1.04 (+0.93%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹8,749 Cr
CMP
₹112.50
52-wk High / Low
₹171 / 100
P/E
34.2
P/B
6.3
Book Value
₹17.6
Div Yield
0.00%
ROCE
14.0%
ROE
19.2%
Face Value
₹10
D/E
1.44

Price−31.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹34
√(22.5 × EPS × book value per share)
ROIC
13.0%
vs 7.6% sector median
Cash flow to profit
1.88
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−112
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
19.2%
ROE × earnings retention ratio
ROE stability
14.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −2.15DII −1.32
Latest quarter vs the previous one
Cash-accrual divergence
−6.1%
of assets
Low = accruals track cash flow
Strengths
+Piotroski F-Score of 7/9 is in the strong band (≥7)
+PE of 34.2x is below the sector median of 41.4x
Watch-outs
−Borrowings are up 220.6% since FY2016 (625 to 2004)
−Price trades below its 200-day moving average (1.0x)
−Price is 34.1% below its 52-week high
−Promoter holding fell by 1.3pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales224227290327268284355379316306406416345
Expenses118125149156153154171175176176201202195
Operating Profit106102141171115131184203140131205215149
OPM %47.3%44.9%48.6%52.3%42.9%46.1%51.8%53.6%44.3%42.8%50.5%51.7%43.2%
Other Income1314011122−3012
Interest48475353525150474542413936
Depreciation23233333353535353434353536
Profit before tax36355689294510012263569914279
Net Profit2826448420358010848428211657
EPS (₹)0.300.290.450.850.250.370.791.070.480.440.791.150.58

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2903684124845506692524028751,0711,2861,4441,473
Expenses239268295348381429194283427548652754774
Operating Profit5110011713616924157119448523634690699
OPM %17.6%27.2%28.4%28.1%30.7%36.0%22.6%29.6%51.2%48.8%49.3%47.8%47.5%
Other Income135121315112222101313−13−25
Interest7272787885162190181182208211180159
Depreciation52525153549210810497112139139141
Profit before tax−60−1901845−2−219−145178216296359375
Net Profit−63−26−51556−13−187−137141182243288298
EPS (₹)−0.81−0.35−0.080.180.67−0.12−1.60−1.101.451.872.482.872.96

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital776778781786789790790791792792792792—
Reserves34302728861991274062175372600—
Borrowings5716257991,0111,1962,0172,1592,1282,1772,3362,1482,004—
Other Liabilities515572604632701756738674698725763869—
Total Liabilities1,8962,0042,2122,4582,7723,7633,8153,6333,7294,0284,0754,265—
Fixed Assets1,2361,2311,4181,4601,6043,3073,1943,0512,9573,6413,5563,563—
CWIP1672593515596641902422974822559108—
Investments31661535146106134573—
Other Assets462508436425469252374276284348415520—
Total Assets1,8962,0042,2122,4582,7723,7633,8153,6333,7294,0284,0754,265—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−516812211518715141135385465542542
Cash from Investing Activity−150−103−229−260−289−598−66−45−283−397−127−169
Cash from Financing Activity15918111149113457111−163−132−59−392−370
Net Cash Flow−42−164310987−73−3110223

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—3.04.05.05.05.0−1.01.010.011.013.014.0
ROE %———————————19.2
EPS (₹)−0.81−0.35−0.080.180.67−0.12−1.60−1.101.451.872.482.87
Book Value (₹)———————————17.6
Face Value (₹)———————————10
P/E———————————34.2
Div Yield %———————————0.00
NPM %−20.8−7.0−1.23.09.9−1.9−68.2−32.315.916.818.720.1
OPM %18.027.028.028.031.036.023.030.051.049.049.048.0
D/E0.700.770.991.241.372.042.352.562.552.421.851.44
P/B———————————6.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+15.0%
5 years+42.0%
3 years+18.0%
TTM+10.0%
Compounded profit growth
10 years+27.0%
5 years+31.0%
3 years+29.0%
TTM+19.0%
Stock price CAGR
5 years+15.0%
3 years−3.0%
Last year−33.0%
Return on equity
10 years6.0%
5 years12.0%
3 years18.0%
Last year19.0%

Shareholding pattern

As of 30 Sep 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters30.89%30.89%31.24%25.88%23.95%23.62%22.87%22.34%22.32%22.32%
FIIs13.50%13.50%23.46%22.83%28.72%24.47%27.09%20.89%21.59%19.44%
DIIs8.95%8.95%17.11%15.34%12.16%10.64%15.35%19.68%15.67%14.35%
Government——————————
Public46.28%46.28%27.95%35.72%34.99%41.20%34.62%37.02%40.36%43.83%
No. of shareholders19,47919,47935,46696,6281,72,4592,44,3363,25,8003,67,5283,99,2134,22,447
Change since Jun 2023 (pp)
Promoters −8.57FIIs +5.94DIIs +5.40Public −2.45

Documents

As of 11 Oct 2026
Announcements
Modification In Trust Deed Of 'Krizm Hotels Pvt. Ltd. Employees Welfare Trust'.Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media Release
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTFeb 2026TranscriptFeb 2026PPTJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPT

Corporate actions

Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman