Oriental Hotels Ltd
Oriental Hotels Limited is an associate company of The Indian Hotels Company Limited (IHCL). The company has seven hotels – Taj Coromandel, Chennai; Taj Fisherman’s Cove Resort & Spa, Chennai; Taj Malabar Resort & Spa, Cochin; Vivanta Coimbatore; Vivanta Mangalore; The Gateway Hotel Pasumalai, Madurai; and Gateway Coonoor – an IHCL SeleQtions hotel.[1]
Strengths
- +Company has reduced debt.
- +Company has been maintaining a healthy dividend payout of 17.5%
Weaknesses
- −Company has a low return on equity of 13.9% over last 3 years.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% | 68.25%▲0.7 |
| FIIs | 0.73% | 0.53%▼0.2 | 0.66%▲0.1 | 0.42%▼0.2 | 0.42% | 0.63%▲0.2 | 0.5%▼0.1 | 0.37%▼0.1 |
| DIIs | 2.68% | 2.68% | 2.68% | 2.68% | 2.68% | 2.42%▼0.3 | 1.16%▼1.3 | 1.14%▼0.0 |
| Public | 29.04% | 29.24%▲0.2 | 29.11%▼0.1 | 29.34%▲0.2 | 29.35%▲0.0 | 29.38%▲0.0 | 30.79%▲1.4 | 30.24%▼0.6 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 102 | 107 | 81 | 103 | 121 | 132 | 107 | 110 | 139 | 136 |
| Expenses | 73 | 81 | 70 | 78 | 87 | 93 | 82 | 84 | 97 | 98 |
| Operating Profit | 28 | 27 | 11 | 24 | 34 | 39 | 25 | 26 | 41 | 38 |
| OPM % | 28% | 25% | 14% | 24% | 28% | 29% | 23% | 23% | 30% | 28% |
| Net Profit | 16 | 16 | 4 | 9 | 14 | 18 | 9 | 13 | 20 | 29 |
| EPS ₹ | 0.92 | 0.91 | 0.2 | 0.52 | 0.78 | 0.99 | 0.49 | 0.71 | 1.13 | 1.63 |
AI Insights
Mar 2026 revenue at ₹491Cr, up 12.1% YoY. OPM at 27%.
Borrowings at ₹131Cr. Debt-to-equity ratio: 0.28x. Healthy balance sheet.
CWIP at ₹1Cr (0% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 1.14% (+0.36pp change). FIIs: 0.37% (-0.08pp change). Promoters hold 68.25%.
ROCE improving from 4% (Mar 2015) to 17% (Mar 2026). Working capital days: -59.
PE 24.4x with 17.1% ROCE. Price is 262% above book value of ₹26.9. Dividend yield: 0.51%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Retirement 11 May - Mr. Vijay Sankar retired as Independent Director effective May 11, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 5 May
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 4 May - OHL reported Q4 FY26 revenue of ₹138 crore and FY26 revenue of ₹501 crore, PAT ₹71 crore.
- Corporate Action-Board to consider Dividend 4 May - Board approved FY26 audited results, recommended Re 0.65 dividend, and appointed two independent directors.
- Announcement under Regulation 30 (LODR)-Change in Directorate 4 May - Oriental Hotels appoints Venkatesh Rajagopal and Suraj Krishna Moraje as additional independent directors from May 5, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse