532016
Espire Hospi financials
- Market cap
- ₹229 Cr
- Sector
- Consumer Services
What Espire Hospi does
Espire Hospitality Limited owns and operates hotels and resorts across India, earning revenue from room stays, food & beverage and related hospitality services measured via ADR, occupancy and RevPAR. It runs a three-tier brand portfolio spanning uber-luxury (Six Senses Fort Barwara, Ranthambore, managed by Six Senses under a brand tie-up), luxury/upscale (ZANA Luxury Resorts in Jim Corbett, Udaipur, Ranthambore and Rishikesh) and midscale (Country Inn Hotels & Resorts in destinations such as Bhimtal, Jim Corbett, Mussoorie, Amritsar, Ayodhya, Goa and Vrindavan). The company is part of the Espire Group, a private conglomerate also present in IT solutions and education.
Segments
- Six Senses Fort Barwara
- ZANA Luxury Resorts
- Country Inn Hotels & Resorts
- Hotels/resorts in portfolio
- 10 (as of Feb 2025)
- Destinations
- 15 (incl. confirmed pipeline)
- Keys (rooms)
- 1,125+ (incl. confirmed pipeline)
- New properties added in FY25
- 3 (Zana by the Ganges Rishikesh; Country Inn Premier, Amritsar; Country Inn, Ayodhya)
- Keys added in FY25
- 200+
- Business-development pipeline
- 20+ hotels/resorts targeted over next 3 years, 1,000+ additional keys
Quarterly results
Q1 FY27: revenue up 17.8%, net profit up 83.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 41 | 41 | 32 | 19 −7% | 41 −1% | 43 +5% | 37 +18% |
| EBITDA | 4 | 8 | 8 | 8 | -2 −155% | 15 +75% | 5 −38% | 7 −9% |
| Net profit | 1 | 3 | 4 | 1 | -6 −695% | 8 +194% | 4 −6% | 3 +83% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −67.7% 1Y
1Y: ₹465.05 on 10 Sept 2025 → ₹150. High ₹509.25 (22 Sept 2025), low ₹149.2 (8 Sept 2026).
Financials, as filed
Revenue grew 93.8% a year over 3 years, FY23 to FY26. Operating margin widened to 18.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹18 Cr | ₹36 Cr | ₹119 Cr | ₹134 Cr |
| Operating profit | ₹3 Cr | ₹7 Cr | ₹22 Cr | ₹25 Cr |
| Operating margin | 18.1% | 19.4% | 18.2% | 18.7% |
| Interest | ₹1 Cr | ₹1 Cr | ₹7 Cr | ₹10 Cr |
| Depreciation | ₹3 Cr | ₹4 Cr | ₹5 Cr | ₹11 Cr |
| Net profit | ₹-0 Cr | ₹3 Cr | ₹8 Cr | ₹8 Cr |
| Net margin | -0.1% | 7.2% | 7.0% | 6.1% |
| Cash from operations | ₹6 Cr | ₹3 Cr | ₹-23 Cr | ₹3 Cr |
| Free cash flow | ₹-4 Cr | ₹-32 Cr | ₹-48 Cr | ₹-24 Cr |
| ROCE | 10.0% | 10.0% | 17.0% | 12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹-13 Cr | ₹-13 Cr | ₹-13 Cr | ₹-10 Cr | ₹24 Cr | ₹36 Cr |
| Borrowings | ₹0 Cr | ₹3 Cr | ₹18 Cr | ₹54 Cr | ₹128 Cr | ₹141 Cr |
| Other liabilities | ₹0 Cr | ₹4 Cr | ₹8 Cr | ₹13 Cr | ₹42 Cr | ₹44 Cr |
| Total liabilities | ₹1 Cr | ₹7 Cr | ₹26 Cr | ₹70 Cr | ₹209 Cr | ₹236 Cr |
| Fixed assets | ₹0 Cr | ₹3 Cr | ₹13 Cr | ₹53 Cr | ₹84 Cr | ₹84 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹6 Cr | ₹1 Cr | ₹29 Cr | ₹44 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹1 Cr | ₹4 Cr | ₹8 Cr | ₹16 Cr | ₹96 Cr | ₹107 Cr |
| Total assets | ₹1 Cr | ₹7 Cr | ₹26 Cr | ₹70 Cr | ₹209 Cr | ₹236 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 12% to 2,838.
- Promoters
- 69.3%
- FIIs
- 2.1%
- Public
- 28.7%
Since Jun 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 74.1% to 69.3% — −4.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 74.1%, Public 25.9%.Dec '23: Promoters 74.1%, Public 25.9%.Mar '24: Promoters 74.1%, Public 25.9%.Jun '24: Promoters 74.1%, Public 25.9%.Sep '24: Promoters 74.1%, Public 25.9%.Dec '24: Promoters 74.1%, Public 25.9%.Mar '25: Promoters 69.3%, FIIs 2.1%, Public 28.7%.Jun '25: Promoters 69.3%, FIIs 2.1%, Public 28.7%.Sep '25: Promoters 69.3%, FIIs 2.1%, Public 28.7%.Dec '25: Promoters 69.3%, FIIs 2.1%, Public 28.7%.Mar '26: Promoters 69.3%, FIIs 2.1%, Public 28.7%.Jun '26: Promoters 69.3%, FIIs 2.1%, Public 28.7%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Espire Hospi above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Amit Rai | 69.25% | unchanged |
| Rajesh Kumar Gupta | 6.94% | unchanged |
| North Star Opportunities Fund Vcc-Bull Value Incorporated Vcc Sub-Fund FPI fund | 2.08% | unchanged |
| High Scale Properties Private Limited | — | off the list |
| Lokjeet Investments & Finance P Ltd | — | off the list |
| Sagadh Engineering P Ltd | — | off the list |
| Austere General Trades Pvt Ltd | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Espire Hospi
Guides on how to read this kind of business and the numbers that matter.