ROHLTD
Royal Orchid Hotels financials
- Market cap
- ₹830 Cr
- Sector
- Consumer Services
- Calls analysed
- 6
Royal Orchid Hotels Limited Q1 FY27
What went well
- Consolidated revenue rose 36% year-on-year to about INR 107 crores.
- Total revenue stood higher at INR 115 crores.
- EBITDA grew 39% year-on-year to approximately INR 33 crores.
What to watch
- Net profit declined to around INR 6.4 crore versus INR 10.9 crores last year.
- Higher financial costs, depreciation (including IndAS impacts), and ongoing ramp-up of newer properties impacted PAT.
Guidance record · Q1 FY27
what the last two calls moved 17 tracked 1 delivered 5 missed 11 open- Managed Hotels Revenue delivered said Q3 FY26 Promised: Roughly around INR 45 crores for FY26 Q1 FY27: Promise concluded in FY26. Final status is achieved.
- Total Revenue missed said Q4 FY25 Promised: 450 to 480 crores for FY26 Q1 FY27: Promise concluded in FY26. Final status is missed.
- ICONIQA Mumbai Revenue delayed said Q4 FY25 Promised: 100 crores full year FY26 Q1 FY27: Promise concluded in FY26. Final status is delayed. Management has re-issued a similar target for FY27.
All 17 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 9.8%, net profit down 22.1% 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 | 47 | 57 | 53 | 48 | 48 +3% | 59 +3% | 54 +2% | 52 +10% |
| EBITDA | 11 | 17 | 10 | 11 | 12 +7% | 16 −8% | 13 +34% | 10 −11% |
| Net profit | 6 | 8 | 4 | 4 | 4 −38% | 7 −15% | 20 +415% | 3 −22% |
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 −42.2% 1Y
1Y: ₹529.7 on 10 Sept 2025 → ₹306.3. High ₹545.8 (24 Sept 2025), low ₹271.3 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.1%
- 14 Aug
- Q4 FY26
- −6.0%
- 26 May
- Q3 FY26
- +1.8%
- 19 Feb
- Q2 FY26
- +2.2%
- 17 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 fell 4.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 24.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹239 Cr | ₹192 Cr | ₹203 Cr | ₹208 Cr |
| Operating profit | ₹76 Cr | ₹57 Cr | ₹49 Cr | ₹51 Cr |
| Operating margin | 31.9% | 29.5% | 24.0% | 24.7% |
| Interest | ₹15 Cr | ₹15 Cr | ₹14 Cr | ₹13 Cr |
| Depreciation | ₹16 Cr | ₹16 Cr | ₹16 Cr | ₹17 Cr |
| Net profit | ₹44 Cr | ₹25 Cr | ₹22 Cr | ₹34 Cr |
| Net margin | 18.3% | 12.8% | 11.1% | 16.4% |
| Cash from operations | ₹22 Cr | ₹47 Cr | ₹61 Cr | ₹44 Cr |
| Free cash flow | ₹18 Cr | ₹39 Cr | ₹55 Cr | ₹40 Cr |
| ROCE | 16.0% | 13.0% | 11.0% | 10.0% |
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 | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr |
| Reserves | ₹161 Cr | ₹160 Cr | ₹188 Cr | ₹179 Cr | ₹213 Cr | ₹250 Cr |
| Borrowings | ₹89 Cr | ₹116 Cr | ₹125 Cr | ₹211 Cr | ₹677 Cr | ₹143 Cr |
| Other liabilities | ₹42 Cr | ₹45 Cr | ₹47 Cr | ₹85 Cr | ₹105 Cr | ₹76 Cr |
| Total liabilities | ₹320 Cr | ₹348 Cr | ₹387 Cr | ₹502 Cr | ₹1.0k Cr | ₹496 Cr |
| Fixed assets | ₹62 Cr | ₹74 Cr | ₹88 Cr | ₹243 Cr | ₹769 Cr | ₹124 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹6 Cr | ₹5 Cr | ₹0 Cr |
| Investments | ₹105 Cr | ₹157 Cr | ₹158 Cr | ₹31 Cr | ₹36 Cr | ₹208 Cr |
| Other assets | ₹152 Cr | ₹116 Cr | ₹141 Cr | ₹221 Cr | ₹213 Cr | ₹164 Cr |
| Total assets | ₹320 Cr | ₹348 Cr | ₹387 Cr | ₹502 Cr | ₹1.0k Cr | ₹496 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, the public trimmed −1.13 pp while FIIs added +0.85 pp. The shareholder count shrank 9% to 24,315.
- Promoters
- 64.1%
- FIIs
- 8.6%
- DIIs
- 0.9%
- Public
- 26.5%
Since Jun 2025
- Public −1.13 pp
- FIIs +0.85 pp
- Promoters +0.18 pp
How it drifted, 12 quarters
Over this window the public fell from 32.2% to 26.5% — −5.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 63.6%, FIIs 4.2%, Public 32.2%.Dec '23: Promoters 63.6%, FIIs 4.8%, DIIs 0.2%, Public 31.4%.Mar '24: Promoters 63.6%, FIIs 6.1%, DIIs 0.7%, Public 29.7%.Jun '24: Promoters 63.6%, FIIs 6.5%, DIIs 0.7%, Public 29.1%.Sep '24: Promoters 63.6%, FIIs 6.7%, DIIs 0.7%, Public 29.0%.Dec '24: Promoters 63.6%, FIIs 6.7%, DIIs 0.7%, Public 29.0%.Mar '25: Promoters 63.7%, FIIs 7.3%, DIIs 0.7%, Public 28.3%.Jun '25: Promoters 63.9%, FIIs 7.7%, DIIs 0.8%, Public 27.6%.Sep '25: Promoters 63.9%, FIIs 8.3%, DIIs 0.8%, Public 27.0%.Dec '25: Promoters 64.1%, FIIs 8.3%, DIIs 0.8%, Public 26.8%.Mar '26: Promoters 64.1%, FIIs 8.5%, DIIs 0.9%, Public 26.5%.Jun '26: Promoters 64.1%, FIIs 8.6%, DIIs 0.9%, Public 26.5%.
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 Jupiter Global Fund - Jupiter India Select Global fund house +0.07 pp 1.30% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Royal Orchid Hotels Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Chander Kamal Baljee | 38.95% | unchanged |
| Baljees Hotels And Real Estate P Ltd | 20.84% | unchanged |
| First Water Fund AIF | 3.69% | unchanged |
| Jupiter India Fund Global fund house | 3.05% | unchanged |
| Harsha Farms Private Limited | 1.78% | unchanged |
| Sunita Baljee | 1.60% | unchanged |
| The Jupiter Global Fund - Jupiter India Select Global fund house | 1.30% | +0.07 pp |
| Vaibhav Doshi | 1.10% | unchanged |
| Hotel Stay Longer Pvt Ltd | 0.84% | unchanged |
| Sunil Sikka | 0.05% | unchanged |
| Arjun Baljee | 0.00% | unchanged |
| Keshav Baljee | 0.00% | 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.
What the price assumes
Growth trapTo justify its price of ₹306, this stock must grow earnings at 31% every year for 7 years. Our analysis caps realistic growth at ~-18%. At that growth it is worth ₹23 — downside of 93%.
- Growth the price implies
- 30.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -19.5% a year
- net profit, FY23–FY26 · EPS -18.2%
- The gap
- 0.5 pp
- -93% downside if it only repeats history
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Royal Orchid Hotels Limited
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