Lemon Tree Hotels Limited

BSE: LEMONTREE541233ISIN INE970X01018

Consumer Discretionary
Hotels & Resorts
BSE 500

Share price

₹115.55+1.25 (+1.09%)

as of 4 Nov 2026

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

52W high: ₹169.00
52W low: ₹99.70
Off 52W high: -31.63%
1M return: +7.19%
3M return: +2.53%
6M return: -5.33%
1Y return: -31.22%
20D avg volume: 3,98,419
50 DMA: ₹108.21
200 DMA: ₹114.03

Key ratios Consolidated

Market cap: ₹9,154 Cr
Current price: ₹115.55
52W high / low: ₹169.00 / ₹99.70
Face value: ₹10.00
P/E: 30.76
P/B: 6.57
EPS (TTM): ₹3.76
Book value / share: ₹17.58
ROE: —
ROCE: 13.40%
Operating margin: —
Net margin: —
Debt / equity: 0.96
Net debt: ₹1,946 Cr
Interest cover: 3.15
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 15.9 days

Financials

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
	344.61	416.40	406.05	306.28	315.77	378.52	355.18	284.37	268.02	327.31	288.69	227.20
	2.15	3.10	1.70	1.72	1.64	0.88	0.62	0.47	0.35	3.86	2.17	2.92
	346.75	419.50	407.75	308.00	317.41	379.40	355.80	284.84	268.37	331.17	290.87	230.12
	267.34	275.41	277.59	252.18	254.15	256.52	256.38	239.73	239.29	241.99	235.67	195.28
	20.43	21.94	23.02	20.04	19.79	22.99	19.63	17.16	16.43	20.52	16.64	13.19
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	64.75	63.35	59.40	58.53	57.98	57.05	56.43	54.30	50.70	49.86	48.99	46.30
	36.38	38.76	41.44	42.30	44.68	47.24	50.33	51.33	51.76	52.75	53.38	47.35
	36.06	35.49	34.79	34.32	34.21	34.87	35.08	34.78	34.57	33.39	33.34	22.61
	109.73	115.87	118.94	96.99	97.49	94.37	—	—	62.44	—	—	—
	79.41	144.10	130.16	55.83	63.26	122.88	99.42	45.11	29.09	89.18	55.20	34.84
	0.00	-1.93	-31.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	79.41	142.17	98.83	55.83	63.26	122.88	99.42	45.11	29.09	89.18	55.20	34.84
	21.78	25.14	17.02	13.90	14.76	14.11	19.66	10.23	9.09	5.03	11.75	8.65
	57.34	116.45	81.83	41.94	48.10	108.15	79.84	35.04	20.12	84.00	43.79	26.39
	0.58	1.16	0.79	0.44	0.48	1.07	0.79	0.37	0.25	0.85	0.45	0.29
Key metrics
	151.85	216.42	175.06	132.45	142.15	204.99	184.83	131.22	115.42	175.32	141.92	104.80
	44.10%	52.00%	43.10%	43.20%	45.00%	54.20%	52.00%	46.10%	43.10%	53.60%	49.20%	46.10%
	16.60%	28.00%	20.20%	13.70%	15.20%	28.60%	22.50%	12.30%	7.50%	25.70%	15.20%	11.60%
	—	4.60%	—	2.60%	—	4.60%	—	—	—	—	—	—
	9.10%	10.00%	14.30%	7.70%	17.80%	15.60%	23.00%	25.20%	—	—	—	—
	19.20%	7.70%	2.50%	19.70%	139.10%	28.80%	82.30%	32.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,473	1,444	1,286	1,071	874.99	402.24
	8.67	8.16	2.33	5.64	3.58	14.03
	1,482	1,453	1,288	1,077	878.57	416.27
	1,073	1,059	991.92	861.63	701.20	561.90
	85.43	84.79	76.21	62.78	49.90	27.85
	0.00	0.00	0.00	—	—	—
	246.03	239.25	218.48	187.75	149.73	97.32
	158.88	167.18	200.67	201.62	177.17	173.98
	140.66	138.80	139.30	112.13	96.60	104.35
	441.53	429.29	357.26	—	—	99.40
	409.50	393.35	296.49	215.13	177.37	-145.63
	-33.27	-33.27	0.00	0.00	0.00	0.00
	376.24	360.08	296.49	215.13	177.37	-145.63
	77.84	70.82	53.08	34.13	37.70	7.23
	297.56	288.32	243.15	181.71	140.54	-137.36
	2.97	2.87	2.48	1.88	1.45	-1.11
Key metrics
	675.78	666.06	636.46	528.88	451.14	132.70
	45.87%	46.10%	49.50%	49.40%	51.60%	33.00%
	20.20%	20.00%	18.90%	17.00%	16.10%	-34.10%
	—	13.40%	13.30%	—	—	—
	10.46%	12.30%	20.10%	22.40%	117.50%	—
	9.75%	18.60%	33.80%	29.30%	202.30%	—
	—	403.27	445.80	—	—	—
	—	1.88	2.23	—	—	—
	—	0.96	1.20	—	—	—
	—	1,946	2,092	—	—	—
	—	15.9	8.7	—	—	—
Balance sheet
	—	4,285	4,082	—	—	—
	—	429.47	293.43	—	—	—
	—	58.10	55.42	—	—	—
	—	116.25	78.62	—	—	—
	—	13.82	13.84	—	—	—
	—	134.42	80.69	—	—	—
	—	3,426	3,428	—	—	—
	—	67.10	61.61	—	—	—
	—	353.75	344.09	—	—	—
	—	2,004	2,148	—	—	—
	—	197.93	211.15	—	—	—
	—	1,806	1,936	—	—	—
	—	2,079	1,790	—	—	—
Cash flow
	—	541.61	541.58	—	—	—
	—	-168.90	-127.45	—	—	—
	—	-370.04	-392.35	—	—	—
	—	138.34	95.78	—	—	—

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
	104.92	133.62	124.62	90.90	92.89	110.64	104.21	86.94	82.85	102.39	102.08	78.06
	0.38	1.26	0.35	0.30	0.29	0.17	0.26	0.23	0.20	6.10	4.91	0.21
	105.30	134.89	124.97	91.21	93.19	110.81	104.47	87.17	83.05	108.49	106.98	78.27
	70.74	74.85	73.38	59.30	64.18	60.02	64.22	59.75	59.31	58.42	60.75	57.45
	4.15	4.08	4.01	3.82	3.65	3.69	3.54	3.54	3.56	3.65	3.24	3.31
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	23.02	21.75	17.15	19.56	19.09	17.95	18.33	17.85	16.51	16.73	17.32	16.44
	5.00	6.18	6.59	6.92	7.40	8.16	9.14	9.60	9.91	10.57	11.17	11.37
	4.97	5.08	5.02	4.97	4.87	4.92	4.99	4.66	4.96	5.16	5.33	5.28
	33.60	37.75	40.61	24.05	29.18	25.30	—	—	18.74	—	—	—
	34.56	60.04	51.59	31.90	29.01	50.79	40.24	27.42	23.74	50.08	46.23	20.82
	0.00	-1.50	-18.78	0.00	0.00	0.00	—	—	—	—	—	—
	34.56	58.55	32.81	31.90	29.01	50.79	40.24	27.42	23.74	50.08	46.23	20.82
	8.88	16.26	9.65	9.35	8.53	14.84	11.74	8.05	7.07	14.71	12.41	5.98
	25.68	42.29	23.16	22.56	20.47	35.96	28.50	19.36	16.67	35.36	33.82	14.84
	0.32	0.53	0.29	0.28	0.26	0.45	0.36	0.24	0.21	0.45	0.43	0.19
Key metrics
	44.53	69.81	44.42	43.79	41.28	63.87	54.37	41.68	38.61	65.81	62.73	37.47
	42.40%	52.20%	35.60%	48.20%	44.40%	57.70%	52.20%	47.90%	46.60%	64.30%	61.50%	48.00%
	24.50%	31.60%	18.60%	24.80%	22.00%	32.50%	27.30%	22.30%	20.10%	34.50%	33.10%	19.00%
	—	3.90%	—	2.40%	—	3.70%	—	—	—	—	—	—
	13.00%	20.80%	19.60%	4.60%	12.10%	8.10%	2.10%	11.40%	—	—	—	—
	25.50%	17.60%	-18.70%	16.50%	22.80%	1.70%	-15.70%	30.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	454.06	442.04	384.63	357.38	310.26	129.19
	2.29	2.21	0.87	11.41	0.64	2.98
	456.37	444.25	385.50	368.79	310.90	132.17
	278.27	271.71	243.30	233.01	197.57	154.78
	16.06	15.56	14.34	13.12	12.30	6.44
	0.00	0.00	0.00	—	—	—
	81.48	77.54	70.64	66.28	53.11	37.68
	24.69	27.09	36.81	44.89	41.13	44.55
	20.04	19.93	19.53	21.05	19.95	21.03
	136.01	131.59	101.98	—	51.35	32.13
	178.09	172.54	142.19	135.77	113.32	-22.61
	-20.28	-20.27	0.00	—	—	—
	157.82	152.27	142.19	135.77	113.32	-22.61
	44.14	43.80	41.70	38.84	32.95	6.55
	113.69	108.47	100.49	96.94	80.37	-16.06
	1.42	1.37	1.27	1.22	1.02	-0.20
Key metrics
	202.55	199.29	198.53	201.71	174.40	42.97
	44.61%	45.10%	51.60%	56.40%	56.20%	33.30%
	25.04%	24.50%	26.10%	27.10%	25.90%	-12.40%
	—	10.80%	11.30%	—	—	—
	15.05%	14.90%	7.60%	15.20%	140.20%	—
	9.01%	7.90%	3.70%	20.60%	600.40%	—
	—	117.63	144.16	—	—	—
	—	1.62	1.70	—	—	—
	—	0.12	0.18	—	—	—
	—	149.09	217.34	—	—	—
	—	12.7	17.2	—	—	—
Balance sheet
	—	1,762	1,700	—	—	—
	—	90.32	73.88	—	—	—
	—	9.07	10.68	—	—	—
	—	36.75	35.02	—	—	—
	—	2.32	2.50	—	—	—
	—	16.90	13.15	—	—	—
	—	509.81	510.85	—	—	—
	—	23.62	19.36	—	—	—
	—	108.19	118.56	—	—	—
	—	158.16	228.02	—	—	—
	—	49.49	72.26	—	—	—
	—	108.67	155.76	—	—	—
	—	1,367	1,257	—	—	—
Cash flow
	—	175.46	170.89	—	—	—
	—	-73.59	-49.14	—	—	—
	—	-103.47	-114.24	—	—	—
	—	57.83	26.73	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +12.52%
Sales CAGR 5Y: —
Profit CAGR 3Y: +10.51%
Profit CAGR 5Y: —
Sales YoY (TTM): +15.05%
Profit YoY (TTM): +9.01%

Consolidated

Sales CAGR 3Y: +18.19%
Sales CAGR 5Y: —
Profit CAGR 3Y: +27.06%
Profit CAGR 5Y: —
Sales YoY (TTM): +10.46%
Profit YoY (TTM): +9.75%

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: 22.32%

Holder	Type	Holding	Previous	Change
SPANK MANAGEMENT SERVICES PRIVATE LIMITED	Promoter	21.12%	—	—
APG STRATEGIC REAL ESTATE POOL N.V.	Public	14.99%	—	—
FRANKLIN INDIA FLEXI CAP FUND	Public	4.35%	—	—
SBI ESG EXCLUSIONARY STRATEGY FUND	Public	3.30%	—	—
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIF	Public	2.52%	—	—
HSBC MUTUAL FUND - HSBC SMALL CAP FUND	Public	2.21%	—	—
NOMURA INDIA INVESTMENT FUND MOTHER FUND	Public	1.63%	—	—
ALLIANZ GLOBAL INVESTORS GMBH ACTING ON BEHALF OF ALLIANZ SOAFONDS	Public	1.60%	—	—
SPARROW BUILDWELL PRIVATE LIMITED	Promoter Group	0.86%	—	—
ILA DUBEY	Promoter Group	0.31%	—	—
LILLETTE DUBEY	Promoter Group	0.02%	—	—
TOUCAN REAL ESTATES PRIVATE LIMITED	Promoter Group	0.01%	—	—
PONY TALE HOTELS PRIVATE LIMITED	Promoter Group	0.00%	—	—
ADITYA MADHAV KESWANI	Promoter Group	0.00%	—	—
UNISTAR HOTELS PRIVATE LIMITED	Promoter Group	0.00%	—	—

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

Press Release for Opening of Lemon Tree Resort, Pavagadh.4 Nov 2026 · Company Update / Press Release / Media Release
Press Release - Lemon Tree Hotels Elevates its Brand Portfolio in Bengaluru and Hyderabad1 Nov 2026 · Company Update / Press Release / Media Release
Lemon Tree Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....29 Oct 2026 · Board Meeting / Board Meeting
Press Release - The Company has signed a License Agreement viz. Lemon Tree Hotel, Sirhind.27 Oct 2026 · Company Update / Press Release / Media Release
Press Release-The Company has signed a License Agreement viz. Keys Lite by Lemon Tree Hotels, Bhilwara.23 Oct 2026 · Company Update / Press Release / Media Release
Please find enclosed herewith the disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.16 Oct 2026 · Company Update / General
The Company and its wholly owned subsidiary, Carnation Hotels Private Limited, has signed a Memorandum of Understanding with Omaxe Limited to operate ~ 4000 keys in multiple key destinations in India.16 Oct 2026 · Company Update / Press Release / Media Release
The Company has signed a Franchise Agreement viz. Keys Select by Lemon Tree Hotels, Bareilly.13 Oct 2026 · Company Update / Press Release / Media Release
Please find enclosed herewith Addendum to the Trust Deed of "Krizm Hotels Pvt. Ltd. Employees Welfare Trust" under regulation 3(3) of SEBI (Share Based Employee Benefits and Sweat Equity) ....9 Oct 2026 · Company Update / General
Please find enclosed herewith the disclosure under Regulation 30 of SEBI (LODR) Regulations, 20158 Oct 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Press Release for Opening of Keys Prima by Lemon Tree Hotels, Darjeeling30 Sep 2026 · Company Update / Press Release / Media Release
Press release for opening of Lemon Tree Resort, Nashik.25 Sep 2026 · Company Update / Press Release / Media Release
Press Release- Lemon Tree Hotels Expands Mumbai Footprint; Acquire Land to Develop Lemon Tree Premier in Bandra (East)24 Sep 2026 · Company Update / Press Release / Media Release
Intimation regarding completion of acquisition of land parcel in Bandra (East), Mumbai by Fleur Hotels Limited, a material subsidiary of the Company.24 Sep 2026 · Company Update / General
Resignation of Company Secretary and Compliance Officer24 Sep 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Press Release- The Company has signed a License Agreement viz. Lemon Tree Hotel, Patancheru in Telangana.24 Sep 2026 · Company Update / Press Release / Media Release
Intimation for closure of Trading Window23 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The Company has received the Observation Letters with ''no objection'' from the NSE and ''no adverse observations'' from the BSE on September 22, 2026.22 Sep 2026 · Company Update / Scheme of Arrangement
We wish to inform you that the management of the Company will be attending the Investor Conference (PL Capital Mid & Small Cap Conference 2026") on September 28, 2026.22 Sep 2026 · Company Update / Analyst / Investor Meet
Press Release for opening of Keys Prima by Lemon Tree Hotels, Nashik22 Sep 2026 · Company Update / Press Release / Media Release
The members of the Company, have inter-alia approved the appointment of Mr. Patanjali Govind Keswani as Chairman and Non-Executive Director (Non-Executive Chairman) of the Company w.e.f. ....21 Sep 2026 · Company Update / Change in Directorate
Submission of Voting Results and Scrutinizer''s Report on the Resolutions passed at the 34th Annual General Meeting (AGM) of the Company held on September 18, 2026.21 Sep 2026 · AGM/EGM / AGM
Please find enclosed the disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 w.r.t. Outcome of the Board Meeting of Fleur Hotels Limited (Material Subsidiary of the Company).18 Sep 2026 · Company Update / General
Proceedings of the 34th Annual General Meeting of the Company held on September 18, 2026.18 Sep 2026 · AGM/EGM / AGM
Press Release for opening of Lemon Tree Premier, Jabalpur17 Sep 2026 · Company Update / Press Release / Media Release
Press Release for opening of Keys Lite by Lemon Tree Hotels, Moga15 Sep 2026 · Company Update / Press Release / Media Release
Pursuant to the execution of Joint Venture Agreement (JVA), RJ Corp Limited shall acquire 49% stake by subscribing to fresh issuance of equity shares of Arum Hotels Private Limited (Arum). ....14 Sep 2026 · Company Update / General
A Joint Venture Agreement has been executed between Carnation Hotels Private Limited, a wholly owned subsidiary of the Company and RJ Corp Limited with respect to Arum Hotels Private Limited, ....14 Sep 2026 · Company Update / Joint Venture
Please find enclosed herewith the disclosure under Regulation 30 of SEBI (LODR) Regulations, 20158 Sep 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nomura India Investment Fund Mother Fund8 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Press Release - The Company has signed two License Agreements viz. Lemon Tree Hotel, Bodhgaya and Keys Select by Lemon Tree Hotels, Bodhgaya4 Sep 2026 · Company Update / Press Release / Media Release
Please find enclosed herewith intimation under Regulation 30 of SEBI (LODR) Regulations, 2015.27 Aug 2026 · Company Update / General
Please find enclosed herewith copies of the newspaper advertisement with regard to completion of dispatch of the Notice of 34th Annual General Meeting (AGM) and Integrated Annual Report ....27 Aug 2026 · Company Update / Newspaper Publication
Press release for opening of Lemon Tree Premier, Vadodara.26 Aug 2026 · Company Update / Press Release / Media Release
Please find enclosed herewith Business Responsibility and Sustainability Report (BRSR) of the Company for the Financial Year 2025-2626 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find enclosed herewith the integrated annual report for the FY 2025-26 of the Company26 Aug 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed herewith Notice of 34th Annual General Meeting ("AGM") of the Company26 Aug 2026 · AGM/EGM / AGM
Newspaper Publication regarding Annual General Meeting (AGM)24 Aug 2026 · Company Update / Newspaper Publication
Press Release for opening of Lemon Tree Hotel, Bharuch20 Aug 2026 · Company Update / Press Release / Media Release

Board meetings

5 Nov 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results