AHLWEST
Asian Hotels (West) financials
- Market cap
- ₹588 Cr
- Sector
- Consumer Services
What Asian Hotels (West) Limited does
Asian Hotels (West) Limited's standalone asset is Hotel Hyatt Regency in Mumbai, but hotel operations there were suspended in June 2021 after a lender bank withheld funding, leading to insolvency proceedings (CIRP); the company's own hotel operations had still not resumed as of FY26. Through its material subsidiary Aria Hotels and Consultancy Services Private Limited (ARIA), the group also owns a 523-room 5-star deluxe hotel operating under the J.W. Marriott brand at New Delhi Aerocity, which houses branded food & beverage outlets and a spa.
Segments
- Hyatt Regency, Mumbai (standalone)
- J.W. Marriott, New Delhi Aerocity (via subsidiary ARIA)
- Hotel properties in group
- 2 (Hyatt Regency, Mumbai - standalone; J.W. Marriott, New Delhi Aerocity - via subsidiary ARIA)
- Rooms - J.W. Marriott, New Delhi Aerocity
- 523 (5-star deluxe)
- Hyatt Regency, Mumbai - operational status
- Non-operational since June 2021
- Subsidiaries
- 1 (Aria Hotels and Consultancy Services Private Limited)
- Branded outlets at J.W. Marriott, New Delhi Aerocity
- ADRIFT Kaya (restaurant), Delhi Baking Company (bakery), Spa by JW (spa)
- Standalone (parent) employees
- 2
Quarterly results
Q1 FY27: revenue up 10.1%, net profit up 75.0% 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 | 96 | 110 | 115 | 89 | 114 +19% | 111 +1% | 122 +6% | 98 +10% |
| EBITDA | 38 | 49 | 46 | 34 | 55 +45% | 49 +0% | 54 +17% | 39 +15% |
| Net profit | 18 | 5 | -1 | 8 | 24 +33% | 22 +340% | 11 +1200% | 14 +75% |
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 +250.3% 1Y
1Y: ₹144.15 on 27 Jun 2022 → ₹505. High ₹715.65 (21 May 2026), low ₹143.85 (6 Apr 2026).
Financials, as filed
Revenue grew 6.1% a year over 1 year, FY25 to FY26. Operating margin widened to 44.0%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹411 Cr | ₹436 Cr |
| Operating profit | ₹171 Cr | ₹192 Cr |
| Operating margin | 41.6% | 44.0% |
| Interest | ₹68 Cr | ₹53 Cr |
| Depreciation | ₹41 Cr | ₹43 Cr |
| Net profit | ₹40 Cr | ₹65 Cr |
| Net margin | 9.7% | 14.9% |
| Cash from operations | ₹138 Cr | ₹203 Cr |
| Free cash flow | ₹118 Cr | ₹160 Cr |
| ROCE | 17.0% | 20.0% |
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 | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹-49 Cr | ₹-167 Cr | ₹-135 Cr | ₹-129 Cr | ₹-57 Cr | ₹-25 Cr |
| Borrowings | ₹1.0k Cr | ₹1.0k Cr | ₹959 Cr | ₹999 Cr | ₹850 Cr | ₹839 Cr |
| Other liabilities | ₹80 Cr | ₹121 Cr | ₹143 Cr | ₹111 Cr | ₹127 Cr | ₹139 Cr |
| Total liabilities | ₹1.0k Cr | ₹970 Cr | ₹979 Cr | ₹993 Cr | ₹932 Cr | ₹965 Cr |
| Fixed assets | ₹928 Cr | ₹865 Cr | ₹828 Cr | ₹794 Cr | ₹766 Cr | ₹768 Cr |
| Capital work in progress | ₹5 Cr | ₹6 Cr | ₹1 Cr | ₹2 Cr | ₹6 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹116 Cr | ₹98 Cr | ₹150 Cr | ₹196 Cr | ₹160 Cr | ₹196 Cr |
| Total assets | ₹1.0k Cr | ₹970 Cr | ₹979 Cr | ₹993 Cr | ₹932 Cr | ₹965 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
Since Jun 2025, promoters added +0.72 pp while the public trimmed −0.72 pp. The shareholder count shrank 16% to 7,358.
- Promoters
- 72.1%
- DIIs
- 0.6%
- Public
- 27.3%
Since Jun 2025
- Promoters +0.72 pp
- Public −0.72 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Over this window the public fell from 28.7% to 27.3% — −1.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 70.7%, DIIs 0.6%, Public 28.7%.Dec '23: Promoters 70.7%, DIIs 0.6%, Public 28.7%.Mar '24: Promoters 70.7%, DIIs 0.6%, Public 28.7%.Jun '24: Promoters 70.7%, DIIs 0.6%, Public 28.7%.Sep '24: Promoters 70.7%, DIIs 0.6%, Public 28.7%.Dec '24: Promoters 71.4%, DIIs 0.6%, Public 28.0%.Mar '25: Promoters 71.4%, DIIs 0.6%, Public 28.0%.Jun '25: Promoters 71.4%, DIIs 0.6%, Public 28.0%.Sep '25: Promoters 72.0%, DIIs 0.6%, Public 27.4%.Dec '25: Promoters 72.1%, DIIs 0.6%, Public 27.4%.Mar '26: Promoters 72.1%, DIIs 0.6%, Public 27.3%.Jun '26: Promoters 72.1%, DIIs 0.6%, Public 27.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Vinita Gupta +0.69 pp 9.88% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Asian Hotels (West) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Dso Limited | 46.21% | unchanged |
| Vinita Gupta | 9.88% | +0.69 pp |
| Sandeep Gupta | 8.16% | unchanged |
| Investor Education and Protection Fund | 1.97% | unchanged |
| Mr Sudhir Gupta | 1.84% | unchanged |
| Aria Resorts India Private Limited | 1.68% | unchanged |
| Gunjan Jain | 1.39% | unchanged |
| Madhu Jain | 0.88% | unchanged |
| Chaman Lal Gupta And Sons Huf | 0.73% | unchanged |
| Pankaj Gupta | 0.47% | unchanged |
| Renu Arun Aggarwal | 0.42% | unchanged |
| Chaman Lal Brij Rani Charitable Trust | 0.19% | unchanged |
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 Asian Hotels (West) Limited
Guides on how to read this kind of business and the numbers that matter.