Asian Hotels (North) Limited

BSE: ASIANHOTNR500023ISIN INE363A01022

Consumer Discretionary
Hotels & Resorts
BSE Consumer Discretionary

Share price

₹297.55-5.25 (-1.73%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹420.00
52W low: ₹249.90
Off 52W high: -29.15%
1M return: -10.48%
3M return: -3.06%
6M return: +0.20%
1Y return: -11.88%
20D avg volume: 463
50 DMA: ₹343.73
200 DMA: ₹311.66

Key ratios Consolidated

Market cap: ₹1,269 Cr
Current price: ₹297.55
52W high / low: ₹420.00 / ₹249.90
Face value: ₹10.00
P/E: -66.87
P/B: 1.38
EPS (TTM): ₹-4.45
Book value / share: ₹215.93
ROE: —
ROCE: -5.30%
Operating margin: —
Net margin: —
Debt / equity: 0.36
Net debt: ₹150.19 Cr
Interest cover: -0.96
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -18.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q4 FY25	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22
Income statement
	77.63	102.91	—	69.34	59.82	53.45	35.72	47.07	34.60	13.14
	0.38	0.55	—	1.18	0.38	0.14	1.20	0.52	2.49	0.04
	78.02	103.46	—	70.52	60.20	53.59	36.92	47.58	37.09	13.18
	82.75	97.56	—	87.41	90.04	87.03	78.85	67.88	59.53	53.36
	8.71	9.87	—	8.67	10.12	7.92	5.32	7.82	6.38	2.06
	0.00	0.00	—	—	—	—	—	—	—	—
	22.79	22.74	—	14.44	12.84	12.20	10.86	11.51	10.69	7.70
	14.12	14.10	—	31.02	33.44	30.73	34.98	23.30	24.94	26.58
	4.56	4.03	—	5.68	5.83	5.91	8.98	8.14	3.96	4.03
	32.58	46.82	—	27.60	27.80	30.27	18.70	17.12	13.55	12.99
	-4.74	5.91	—	-16.89	-29.84	-33.44	-41.93	-20.29	-22.44	-40.18
	0.00	-7.95	—	0.00	0.00	0.00	-3.04	-4.57	0.00	0.00
	-4.73	-2.04	—	-16.89	-29.84	-33.44	-44.97	-24.87	-22.44	-40.18
	-1.19	-33.34	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	-3.54	31.30	—	-16.89	-29.84	-33.44	-44.97	-24.87	-22.44	-40.18
	-0.83	8.70	—	-8.68	-15.34	-17.19	-23.12	-12.78	-11.53	-20.66
Key metrics
	13.95	16.09	—	19.81	9.43	3.20	-1.01	6.57	6.46	-9.57
	18.00%	15.60%	—	28.60%	15.80%	6.00%	-2.80%	14.00%	18.70%	-72.80%
	-4.60%	30.40%	—	-24.40%	-49.90%	-62.60%	-125.90%	-52.80%	-64.90%	-305.80%
	—	0.90%	—	—	—	—	—	—	—	—
	—	—	—	47.30%	72.90%	306.80%	—	—	—	—
	—	—	—	32.10%	-33.00%	16.80%	—	—	—	—

Metric	FY26	FY25	FY22
Income statement
	341.08	—	130.53
	8.17	—	4.25
	349.25	—	134.77
	386.06	—	259.61
	35.26	—	21.59
	0.00	—	—
	85.92	—	40.76
	72.47	—	109.79
	17.77	—	25.11
	174.64	—	62.37
	-36.81	—	-124.84
	-104.96	—	-328.99
	-141.77	—	-453.83
	-39.51	—	0.00
	-102.26	—	-453.83
	-44.05	—	-233.29
Key metrics
	-51.53	—	-318.93
	-15.10%	—	-244.30%
	-30.00%	—	-347.70%
	-5.30%	—	—
	-158.82	—	—
	1.52	—	—
	0.36	—	—
	150.19	—	—
	-18.2	—	—
Balance sheet
	1,692	—	—
	238.55	—	—
	183.54	—	—
	21.26	—	—
	8.96	—	—
	11.26	—	—
	1,384	—	—
	47.27	—	—
	395.49	—	—
	333.73	—	—
	68.04	—	—
	265.69	—	—
	920.59	—	—
Cash flow
	-155.55	—	—
	17.32	—	—
	267.99	—	—
	3.27	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	77.63	102.91	90.98	76.90	70.29	91.51	86.47	78.08	62.13	83.59	76.76	74.43
	0.38	0.55	0.00	7.34	0.28	1.98	0.01	0.05	0.44	1.73	0.04	0.48
	78.02	103.46	90.98	84.24	70.57	93.49	86.48	78.13	62.58	85.32	76.80	73.96
	82.75	97.55	107.18	102.55	78.77	101.95	98.54	101.53	87.84	100.34	105.95	97.04
	8.71	9.87	9.44	8.29	7.67	8.83	9.68	9.22	7.39	9.08	10.22	8.72
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	22.79	22.74	21.66	21.07	20.45	21.49	20.38	19.14	17.20	17.27	17.29	16.29
	14.12	14.10	21.25	18.61	18.51	32.63	28.59	38.31	34.09	34.14	44.90	32.28
	4.56	4.03	4.52	4.40	4.81	7.01	4.99	4.96	5.03	5.19	5.52	5.57
	32.58	46.81	50.31	50.18	27.33	31.98	34.91	29.89	24.12	34.65	28.02	34.18
	-4.73	5.91	-16.20	-18.32	-8.20	-8.46	-12.06	-23.39	-25.26	-15.02	-29.15	-23.08
	0.00	-7.95	-40.28	-56.74	0.00	184.67	116.54	—	—	—	—	—
	-4.73	-2.03	-56.47	-75.06	-8.20	176.21	104.48	-23.39	-25.26	-15.02	-29.15	-23.08
	-1.19	33.34	0.00	-11.53	5.36	2.03	14.18	28.57	—	0.19	—	—
	-3.54	31.31	-56.47	-63.53	-13.55	174.18	90.30	-51.96	-25.26	-15.21	-29.15	-23.08
	-0.83	8.70	-29.03	-32.66	-6.97	89.54	46.42	-26.71	-12.99	-7.82	-14.98	-11.87
Key metrics
	13.95	16.10	-30.70	-52.05	15.12	215.85	138.06	19.88	13.86	24.31	21.27	14.77
	18.00%	15.60%	-33.70%	-67.70%	21.50%	235.90%	159.70%	25.50%	22.30%	29.10%	27.70%	19.80%
	-4.60%	30.40%	-62.10%	-82.60%	-19.30%	190.30%	104.40%	-66.50%	-40.70%	-18.20%	-38.00%	-31.00%
	—	0.90%	—	-29.90%	—	48.10%	—	—	—	—	—	—
	10.40%	12.50%	5.20%	-1.50%	13.10%	9.50%	12.60%	4.90%	—	—	—	—
	73.90%	-82.00%	-162.50%	-22.30%	46.40%	1,245.20%	409.80%	-125.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	348.42	341.08	318.19	298.09	255.78	130.53
	8.27	8.17	2.49	1.93	1.67	4.09
	356.70	349.25	320.68	300.03	257.45	134.62
	390.03	386.05	389.85	387.33	342.27	259.43
	36.31	35.26	35.11	36.48	35.97	21.59
	0.00	0.00	0.00	—	—	—
	88.26	85.92	78.22	65.99	54.23	40.76
	68.08	72.47	133.63	139.79	117.82	109.79
	17.51	17.77	21.99	21.90	23.06	25.11
	179.88	174.64	120.90	123.17	111.19	62.18
	-33.34	-36.80	-69.17	-87.30	-84.82	-124.81
	-104.97	-104.96	301.21	—	—	—
	-138.29	-141.76	232.03	-87.30	-84.82	-124.81
	20.62	39.51	44.77	0.19	—	—
	-92.23	-102.25	187.26	-87.50	-84.82	-124.81
	-53.82	-44.05	96.26	-44.98	-43.60	-64.16
Key metrics
	-52.70	-51.52	387.65	74.39	56.06	10.09
	-15.13%	-15.10%	121.80%	25.00%	21.90%	7.70%
	-26.47%	-30.00%	58.90%	-29.40%	-33.20%	-95.60%
	—	-5.30%	84.30%	—	—	—
	6.76%	7.20%	6.70%	16.50%	96.00%	—
	-146.35%	-154.60%	314.00%	-3.20%	32.00%	—
	—	-158.82	430.91	—	—	—
	—	1.52	2.33	—	—	—
	—	0.36	2.10	—	—	—
	—	150.24	496.27	—	—	—
	—	-18.2	-5.1	—	—	—
Balance sheet
	—	1,692	1,544	—	—	—
	—	238.51	100.77	—	—	—
	—	183.49	53.79	—	—	—
	—	21.26	16.37	—	—	—
	—	8.96	13.28	—	—	—
	—	11.26	9.30	—	—	—
	—	1,384	1,418	—	—	—
	—	47.27	34.10	—	—	—
	—	395.49	1,111	—	—	—
	—	333.73	550.06	—	—	—
	—	68.04	388.66	—	—	—
	—	265.69	161.40	—	—	—
	—	920.60	262.34	—	—	—
Cash flow
	—	-155.55	436.57	—	—	—
	—	17.27	-5.30	—	—	—
	—	267.99	-430.90	—	—	—
	—	3.27	5.66	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +10.07%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +6.76%
Profit YoY (TTM): -146.35%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 0.00%

Quarter	September 2026	June 2026
Promoter %	0.00%	0.00%

Holder	Type	Holding	Previous	Change
ELANA HOLDINGS PTE LTD.	Public	54.37%	54.37%	0.00%
Narendrakumar Ramesh Chandra Raval	Public	11.09%	11.09%	0.00%
Shreya Agarwal	Public	9.98%	9.98%	0.00%
DBS Bank Limited	Public	2.40%	2.40%	0.00%
Ratna Saraf	Public	2.25%	2.25%	0.00%
ANGEL EXPANDERS PVT. LTD.	Public	2.16%	2.28%	-0.12%
INDISTOCK PRIVATE LIMITED	Public	1.61%	1.61%	0.00%
ASIAN HOLDINGS PRIVATE LTD.	Public	1.29%	—	—
Shyam M Jatia	Public	1.17%	1.52%	-0.35%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
THE INDIAN HOTELS COMPANY LTD	1,20,664	847.70	50.91	17.40%	+15.38% TTM	+28.63% TTM	+14.02%
ITC Hotels Limited S	36,123	173.40	39.59	9.00%	+44.67% TTM	+61.15% TTM	-19.37%
Leela Palaces Hotels & Resorts Limited	22,180	664.15	47.91	8.30%	—	—	+50.89%
EIH Ltd	18,720	299.35	25.27	15.30%	+8.34% TTM	+4.32% TTM	-25.02%
Chalet Hotels Limited	17,904	817.55	33.91	16.60%	+6.05% TTM	+85.29% TTM	-14.93%
Ventive Hospitality Limited	12,266	525.20	22.00	9.70%	+14.78% TTM	+93.64% TTM	-28.48%
Lemon Tree Hotels Limited	9,154	115.55	30.76	13.40%	+10.46% TTM	+9.75% TTM	-31.22%
India Tourism Development Corporati	5,346	623.30	65.18	27.00%	-9.37% TTM	+3.60% TTM	+1.50%
Juniper Hotels Limited	4,495	202.00	27.10	7.20%	+11.51% TTM	+141.72% TTM	-25.02%
Mahindra Holidays & Resorts India Limited	3,869	191.45	71.57	3.60%	+7.44% TTM	-59.19% TTM	-42.21%
Samhi Hotels Limited	3,527	158.60	6.87	11.00%	+12.39% TTM	+173.63% TTM	-20.28%
Oriental Hotels Ltd.	2,992	167.50	44.49	12.60%	+6.85% TTM	+36.00% TTM	+39.00%
Apeejay Surrendra Park Hotels Limited	2,189	102.58	42.08	8.10%	-17.91% TTM	-47.42% TTM	-30.78%
Brigade Hotel Ventures Limited	2,095	55.15	24.32	11.00%	—	—	-33.00%
Taj GVK Hotels & Resorts Ltd.	1,973	314.65	4.74	27.10%	+26.10% TTM	+262.99% TTM	-23.41%
EIH Associated Hotels Ltd. S	1,720	282.20	19.57	18.10%	-7.64% TTM	-6.96% TTM	-25.89%
Benares Hotels Ltd S	1,352	10,402.50	30.47	26.20%	+13.68% TTM	+2.59% TTM	+11.22%
Asian Hotels (North) Limited S	1,269	297.55	-13.76	-5.30%	+6.76% TTM	-146.35% TTM	-11.88%
Viceroy Hotels Ltd. S	1,085	141.35	48.74	6.00%	+4.91% TTM	-68.97% TTM	—
Mac Charles (India) Ltd.	856	653.55	-7.28	1.00%	+169.02% TTM	-96.03% TTM	-5.27%
U.P. Hotels Ltd. S	813	1,505.05	25.65	19.90%	+1.45% TTM	-6.02% TTM	-5.93%
Royal Orchid Hotels Ltd	782	285.00	27.02	4.30%	+26.86% TTM	-42.13% TTM	-40.82%
Kamat Hotels (India) ltd.	686	232.80	13.29	13.90%	+11.35% TTM	+31.58% TTM	-20.42%
Advent Hotels International Limited	633	117.30	14.93	7.50%	—	—	—
Asian Hotels (West) Ltd	551	473.15	7.75	31.00%	+8.19% TTM	+135.00% TTM	—

Filings & corporate actions

Recent announcements

Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding court order is attached27 Oct 2026 · Company Update / General
Confirmation Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 received from KFin Technologies Limited for the quarter ended 3009.2026 is attached9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Board of Directors in its meeting held today i.e. on 05.10.2026 approved the appointment of Mr. Sunil Upadhyay as Chief Financial Officer of the Company w.e.f. 05.10.2026. Intimation attached.5 Oct 2026 · Company Update / Change in Management
Scrutinizer''s Report of the 45th Annual General Meeting of Asian Hotels (North) Limited attached.29 Sep 2026 · AGM/EGM / AGM
Proceedings and Voting Results of the 45th Annual General Meeting of Asian Hotels (North) Limited attached29 Sep 2026 · AGM/EGM / AGM
Intimation of closure of trading window for the quarter/half year ended 30.09.2026 attached24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of copies of Newspaper advertisement regarding opening of special window for re-lodgment of transfer request for physical shares dated 24.09.202624 Sep 2026 · Company Update / Newspaper Publication
Submission of copies of Newspaper advertisement for completion of the Notice of 45th AGM and Annual Report for FY 2025-265 Sep 2026 · Company Update / Newspaper Publication
45th Annual Report of Asian Hotels (North) Limited for FY 2025-26 is attached4 Sep 2026 · Others / Reg. 34 (1) Annual Report
Intimation for Notice of 45th AGM, Cut-off date for E-voting and closure of Register of Members & Share Transfer Book of the Company is attached4 Sep 2026 · AGM/EGM / AGM
Submission of Newspaper publication in Business Standard daily, English and Hindi both dated 26.08.2026, regarding Notice to the Members for registering/updating their e-mail address.26 Aug 2026 · Company Update / Newspaper Publication
Intimation under Regulation 30 of SEBI (LODR) regarding appointment of Ms. Gauri Dhawan as Head of Marketing, PR and Branding, one of the Senior Management Personnel of the Company w.e.f. ....25 Aug 2026 · Company Update / Change in Management
Submission of Newspaper Publication of Un-audited Standalone and Consolidated Financial Results for the quarter ended 30.06.2026.11 Aug 2026 · Company Update / Newspaper Publication
Intimation regarding re-appointment of Mr. Krishna Kumar Acharya as Whole time Director designated as Executive Director for a period of two years from 12.08.2026 to 11.08.2028 is attached.10 Aug 2026 · Company Update / Change in Directorate
Outcome of the Board Meeting held on 10.08.2026 is attached10 Aug 2026 · Board Meeting / Outcome of Board Meeting
Un-audited Financial Results on Standalone and Consolidated basis for the quarter ended on 30.06.2026 is attached.,10 Aug 2026 · Result / Financial Results
Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 regarding Court Order is attached5 Aug 2026 · Company Update / General
Asian Hotels (North) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve Un-audited Standalone ....4 Aug 2026 · Board Meeting / Board Meeting
Submission of Newspaper publication regarding opening of special window for re-lodgement of transfer request for physical shares dated 23.07.202623 Jul 2026 · Company Update / Newspaper Publication
Confirmation Certificate under Regulation 74(5) of SEBI Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended 30.06.2026 attached.8 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of resignation under Regulation 30 of SEBI (LODR) Regulations, 2015 of Mr. Sachin Goel from the position of Chief Financial Officer (KMP & SMP) is attached.8 Jul 2026 · Company Update / Resignation of Chief Financial Officer (CFO)
Intimation of closure of trading window for the quarter ended 30.06.2026 is attached.24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of closure of trading window for the quarter ended 30.06.2026 is attached.24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer''s Report dated 18.06.2026 along with Voting Results on Postal Ballot Notice dated 15.05.2026 of Asian Hotels (North) Limited is attached.18 Jun 2026 · AGM/EGM / Postal Ballot
Voting Results and Scrutinizer''s Report dated June 18, 2026 on Postal Ballot Notice dated May 15, 2026 of Asian Hotels (North) Limited is enclosed18 Jun 2026 · AGM/EGM / Postal Ballot
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kanta Agarwala & PACs16 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kanta Agarwala & PACs15 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kanta Agarwala & PACs15 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kanta Agarwala & PACs5 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Utilization of Proceeds of Preferential Issue of Shares for the period ended March 31, 2026 is attached30 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Annual Secretarial Compliance Report under Regulation 24A(2) of SEBI (LODR) Regulations, 2015 for the Financial Year ended 31.03.2026 is attached.30 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Publication dated 29.05.2026 regarding Standalone and Consolidated Financial Results of the is attached29 May 2026 · Company Update / Newspaper Publication
Board comments on fine levied by Stock Exchanges dated 28.05.2026 is attached28 May 2026 · Company Update / General
The Board of Directors in its meeting held on 28.05.2026 approved appointment of Ms. Kriti Narula Sehgal as Company Secretary and Compliance Officer of the Company w.e.f. June 01, 2026.28 May 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
The Board of Directors in its meeting held on 28.05.2026 approved re-appointment of Dr. Arun Gopal Agarwal (DIN: 00374421) as Whole Time Director designated as CEO & Executive Director ....28 May 2026 · Company Update / Change in Directorate
The Board of Directors in its meeting held on 28.05.2026 approved re-appointment of Internal Auditors for FY - 2026-27. Intimation attached.28 May 2026 · Company Update / General
The Board of Directors in its meeting held today i.e. 28.05.2026 approved appointment of Mr. Sachin Goel, Director of Finance as Chief Financial Officer of the Company w.e.f. June 01, 2026. ....28 May 2026 · Company Update / Change in Management
Mr. Sunil Upadhyay, Chief Financial Officer of the Company resigned with effect from closing of business hours on 31.05.2026. Intimation is attached.28 May 2026 · Company Update / Resignation of Chief Financial Officer (CFO)
Audited Standalone and Consolidated Financial Results for quarter and year ended 31.03.2026 alongwith Auditors Reports and Declaration on Unmodified Opinion are attached.28 May 2026 · Board Meeting / Outcome of Board Meeting
Audited Standalone and Consolidated Financial Statement along with Auditors Reports and Declaration for Unmodified opinion are attached.28 May 2026 · Result / Financial Results

Board meetings

10 Aug 2026 Board Meeting - Financial Results