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Swing Capital

Asian Hotels (West) Ltd

NSE: AHLWEST BSE: 533221

AHWL was incorporated in 2007, pursuant to a demerger from Asian Hotels Limited, and the Hyatt Regency Mumbai property was vested in the Company.

₹618
52W: ₹137 — ₹618
PE 0 · Book ₹92.3 · +570% vs book
Market Cap₹720 Cr
Stock P/E—Price to Earnings
ROCE1.12%Return on Capital
ROE7.68%Return on Equity
Div. Yield0%Face Value ₹10

Weaknesses

  • −Stock is trading at 6.70 times its book value
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of -19.6% over last 3 years.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters72.11%
FIIs0%
DIIs0.57%
Public27.3%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters70.72%70.72%71.39%▲0.771.39%71.39%72.02%▲0.672.07%▲0.072.11%▲0.0
FIIs0%0%0%0%0%0%0%0%
DIIs0.57%0.57%0.57%0.57%0.57%0.57%0.57%0.57%
Public28.71%28.71%28.03%▼0.728.02%▼0.028.02%27.39%▼0.627.35%▼0.027.3%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales0000000000
Expenses2.280.93.780.630.41.042.690.410.640.75
Operating Profit-2.28-0.9-3.78-0.63-0.4-1.04-2.69-0.41-0.64-0.75
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit-2.38-6.18-20.010.14-0.62-21.67-14.13-0.77-0.67-0.88
EPS ₹-2.04-5.3-17.170.12-0.53-18.6-12.13-0.66-0.58-0.76

AI Insights

Revenue Trend

TTM revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹401Cr. Debt-to-equity ratio: 4.18x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹24Cr (5% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.57% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 72.11%.

Margin & Efficiency

ROCE declining from 6% (Mar 2014) to -1% (Mar 2025). Working capital days: 0.

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