EIHOTEL

EIH share price & financials

Price
₹321.85
Market cap
₹18.5k Cr
Sector
Consumer Services
Calls analysed
8
Latest concall · Q1 FY27 · call held 12 Aug 2026

EIH Q1 FY27

Revenue ₹698 cr +15%EBITDA ₹207 cr +6%PAT ₹120 cr

What went well

  • Revenue of ₹698 crores, up 15% YoY, driven by strong domestic demand.
  • EBITDA at ₹207 crores, up 6% YoY.
  • RevPAR for all hotels grew 13% YoY from ₹11,352 to ₹12,801.

What to watch

  • EBITDA margin impacted by Rajgarh ramp-up, higher marketing spend, IT expenditure, renovation write-offs, and increased power/fuel costs.
  • Oberoi brand RevPAR growth (8.2%) was lower than the luxury segment (13.2%), partly due to the West Asia crisis impacting foreign arrivals and Rajgarh's stabilization phase.
Read the full call →

What EIH does

EIH Limited, the flagship company of The Oberoi Group, owns and manages luxury hotels, resorts and cruisers under the 'Oberoi' and 'Trident' brands across six countries. It earns revenue primarily from room stays and food & beverage at these properties, supplemented by flight catering (via Oberoi Flight Services, which began operations in 1957 as India's first flight kitchen), travel planning and airport lounge services. The group also runs the Oberoi Centre of Learning and Development, founded in 1967, to train hospitality staff.

Segments

  • Hotels, Resorts & Cruisers
  • Flight Catering
  • Travel & Airport Services
Hotels, resorts and cruisers operated
30
Total keys (owned and managed)
4,229
Keys in India
3,732
Keys under the Oberoi brand outside India
497
Countries of operation
6
Cities across India with properties
8
Founded 1949Headquarters Kolkata, West Bengal, India Company website

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 1 delivered 7 missed 11 open
  • Oberoi Rajgarh Operations delivered, diluted said Q3 FY25 Promised: in and around August (2025) Q1 FY27: Management confirmed the hotel is operational but still in its ramp-up and stabilization phase, which is impacting overall EBITDA margins.
  • Total New Hotels revised down said Q2 FY25 Promised: 50 hotels by 2030 Q1 FY27: Management announced a new 'robust expansion plan of almost 30 new properties, which will be in operation by 2031'. This formalizes a significant reduction from the original 50-hotel goal and extends the timeline.
  • Oberoi Mumbai Renovation on track said Q3 FY26 Promised: another four floors in the coming financial year Q1 FY27: Management confirmed that renovations at The Oberoi Mumbai have taken place in Q1 and will be complete before October, in line with the plan for FY27.

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 15.6%, net profit up 252.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue521 695 728 519 530 +2%779 +12%809 +11%600 +16%
EBITDA152 303 306 141 135 −11%324 +7%288 −6%149 +6%
Net profit114 220 332 36 103 −10%199 −10%200 −40%127 +253%
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 −28.6% 1Y

₹300₹350₹400Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 29 May 2026Q1 FY27 — 12 Aug 2026

1Y: ₹401.15 on 10 Sept 2025 → ₹286.45. High ₹403.25 (17 Sept 2025), low ₹273.55 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−1.3%
12 Aug
Q4 FY26
−5.4%
29 May
Q3 FY26
−1.9%
12 Feb
Q2 FY26
+0.1%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 9.3% a year over 3 years, FY23 to FY26. Operating margin widened to 33.7%.

Year endingFY23FY24FY25FY26
Revenue₹2.0k Cr₹2.2k Cr₹2.4k Cr₹2.6k Cr
Operating profit₹594 Cr₹787 Cr₹870 Cr₹888 Cr
Operating margin29.4%35.9%36.3%33.7%
Interest₹35 Cr₹15 Cr₹16 Cr₹16 Cr
Depreciation₹126 Cr₹120 Cr₹124 Cr₹129 Cr
Net profit₹329 Cr₹521 Cr₹751 Cr₹538 Cr
Net margin16.3%23.8%31.3%20.4%
Cash from operations₹528 Cr₹663 Cr₹732 Cr₹832 Cr
Free cash flow₹407 Cr₹463 Cr₹471 Cr₹209 Cr
ROCE16.0%22.0%22.0%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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹125 Cr₹125 Cr₹125 Cr₹125 Cr₹125 Cr₹125 Cr
Reserves₹2.8k Cr₹2.7k Cr₹3.0k Cr₹3.4k Cr₹4.6k Cr₹4.6k Cr
Borrowings₹394 Cr₹452 Cr₹211 Cr₹158 Cr₹250 Cr₹147 Cr
Other liabilities₹337 Cr₹363 Cr₹524 Cr₹606 Cr₹941 Cr₹730 Cr
Total liabilities₹3.7k Cr₹3.6k Cr₹3.9k Cr₹4.3k Cr₹5.9k Cr₹5.6k Cr
Fixed assets₹2.2k Cr₹2.2k Cr₹2.2k Cr₹2.2k Cr₹3.2k Cr₹2.9k Cr
Capital work in progress₹152 Cr₹43 Cr₹86 Cr₹157 Cr₹403 Cr₹146 Cr
Investments₹776 Cr₹719 Cr₹718 Cr₹691 Cr₹542 Cr₹967 Cr
Other assets₹512 Cr₹636 Cr₹825 Cr₹1.2k Cr₹1.8k Cr₹1.6k Cr
Total assets₹3.7k Cr₹3.6k Cr₹3.9k Cr₹4.3k Cr₹5.9k Cr₹5.6k 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, FIIs added +0.73 pp while the public trimmed −0.73 pp. The shareholder count shrank 5% to 1,21,473.

Promoters
32.9%
FIIs
6.7%
DIIs
13.8%
Public
46.7%

Since Jun 2025

  • FIIs +0.73 pp
  • Public −0.73 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Over this window FIIs went from 4.4% to 6.7% — +2.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 32.9%, FIIs 4.4%, DIIs 13.8%, Public 49.0%.Dec '23: Promoters 32.9%, FIIs 3.7%, DIIs 14.2%, Public 49.3%.Mar '24: Promoters 32.9%, FIIs 5.3%, DIIs 13.8%, Public 48.1%.Jun '24: Promoters 32.9%, FIIs 5.4%, DIIs 13.7%, Public 48.1%.Sep '24: Promoters 32.9%, FIIs 4.6%, DIIs 14.6%, Public 48.0%.Dec '24: Promoters 32.9%, FIIs 5.3%, DIIs 13.9%, Public 48.0%.Mar '25: Promoters 32.9%, FIIs 6.1%, DIIs 13.6%, Public 47.4%.Jun '25: Promoters 32.9%, FIIs 5.9%, DIIs 13.8%, Public 47.5%.Sep '25: Promoters 32.9%, FIIs 5.9%, DIIs 14.2%, Public 47.0%.Dec '25: Promoters 32.9%, FIIs 6.2%, DIIs 14.1%, Public 46.9%.Mar '26: Promoters 32.9%, FIIs 6.6%, DIIs 13.9%, Public 46.6%.Jun '26: Promoters 32.9%, FIIs 6.7%, DIIs 13.8%, Public 46.7%.

Who was buying across the market this quarter →

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.

The same filing shows 1 holder 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 EIH above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Reliance Strategic Business Ventures Limited 18.83%unchanged
Oberoi Hotels Private Limited 17.67%unchanged
Itc Limited 16.13%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Large Cap Fund Mutual fund5.01%unchanged
Oberoi Holdings Private Limited 4.89%unchanged
Oberoi Investments Private Limited 4.14%unchanged
Oberoi Buildings & Investments Private Ltd 2.68%unchanged
Canara Robeco Mutual Fund A/C Canara Robeco Large And Mid Cap Fund Mutual fund2.17%unchanged
SBI Consumption Opportunities Fund Mutual fund2.14%newly disclosed
Habrok India Master Lp FPI fund2.12%+0.08 pp
ICICI Prudential Smallcap Fund Mutual fund1.34%−0.14 pp
Arjun Singh Oberoi 1.15%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.

Mutual funds in EIHOTEL

Filings to Aug 2026

0 new, 4 added, 2 trimmed, 0 sold out — net −0.63 L shares (−0.1%).

Held by funds
₹1.4k Cr
11 schemes
Biggest holder
Nippon India Multi Cap Fund
₹571 Cr · 1.0% of that fund
SchemeHoldingLast month
Nippon India Multi Cap Fund Nippon India Mutual Fund₹571 Crheld
SBI MultiCap Fund SBI Mutual Fund₹311 Crheld
Nippon India Large Cap Fund Nippon India Mutual Fund₹303 Crheld
HDFC Multi Cap Fund HDFC Mutual Fund₹105 Crheld
SBI Consumption Opportunities Fund SBI Mutual Fund₹60 Cr−0.68 L
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹9 Cr+0.04 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹5 Cr+0.02 L
SBI Children's Fund - Savings Plan (Erstwhile known as SBI Magnum Children's Benefit Fund-Svg P) SBI Mutual Fund₹1 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 2 trimmed — net −62,628 shares (−0.1%)

Funds are sitting on
+40%
vs est. average cost
Held by funds
₹1.4k Cr
11 schemes · ≈ 8.3% of the company
Biggest holder
Nippon India Multi Cap Fund
₹571 Cr · 1.0% of that fund

Shares held by these funds −4%

Aug '23 4.79 cr shares Jul '26

What the price assumes

Fair

To justify its price of ₹286, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~20%. At that growth it is worth ₹262 — downside of 9%.

Growth the price implies
21.4% a year
for 7 years, fading to 4%
It has actually compounded at
17.8% a year
net profit, FY23–FY26 · EPS 19.7%
The gap
0.0 pp
-9% downside if it only repeats history
Price today ₹286.45 Value at the reference growth ₹261.96

Change the assumptions yourself →

All earnings calls (8)

Read the Q1 FY27 call →

Learn to analyse EIH

Guides on how to read this kind of business and the numbers that matter.