SUBAHOTELS
Suba Hotels financials
- Market cap
- ₹245 Cr
- Sector
- Consumer Services
- Calls analysed
- 2
SUBAHOTELS Q4 FY26
What went well
- Revenue from operations grew 44% to INR 114 crores in FY26.
- PAT increased 19% to INR 18 crores from INR 15.5 crores last year.
- Signed pipeline expanded by 95% to 1,759 keys, with 1,100 keys scheduled to open in FY27.
What to watch
- EBITDA margins contracted to 23.1% in FY26 from 30% last year.
- GST 2.0 regulatory change resulted in a INR 3.5 crores impact on H2 FY26 EBITDA margins.
Guidance record · Q4 FY26
what the last two calls moved 12 tracked 0 delivered 4 missed 8 open- Occupancy Gain went quiet said Q3 FY26 Promised: 5% to 7% occupancy percent gain next year Q4 FY26: The target for a 5-7% occupancy gain in FY27 was not mentioned or reiterated in the Q4 earnings call.
- ARR Growth on track said Q3 FY26 Promised: 10% to 15% ARR growth next year Q4 FY26: We are targeting 10% to 15% ARR growth on the domestic portfolio.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 29 | 50 | 44 | 71 |
| EBITDA | 6 | 17 | 9 | 17 |
| Net profit | 3 | 12 | 5 | 13 |
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 −37.5% 1Y
1Y: ₹161.9 on 7 Oct 2025 → ₹101.2. High ₹196.65 (13 Oct 2025), low ₹98 (10 Sept 2026).
How the price took the results
close before → close after
- Q4 FY26
- +1.9%
- 2 Jun
- Q3 FY26
- −4.4%
- 27 Jan
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.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹5 Cr | ₹17 Cr | ₹24 Cr |
| Reserves | ₹19 Cr | ₹28 Cr | ₹36 Cr | ₹114 Cr |
| Borrowings | ₹46 Cr | ₹46 Cr | ₹57 Cr | ₹52 Cr |
| Other liabilities | ₹18 Cr | ₹22 Cr | ₹30 Cr | ₹31 Cr |
| Total liabilities | ₹85 Cr | ₹100 Cr | ₹141 Cr | ₹220 Cr |
| Fixed assets | ₹51 Cr | ₹50 Cr | ₹50 Cr | ₹56 Cr |
| Capital work in progress | ₹11 Cr | ₹18 Cr | ₹22 Cr | ₹26 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹23 Cr | ₹32 Cr | ₹68 Cr | ₹138 Cr |
| Total assets | ₹85 Cr | ₹100 Cr | ₹141 Cr | ₹220 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 Mar 2026
Since Sep 2025, promoters trimmed −23.76 pp while the public added +19.13 pp. The shareholder count grew 16725% to 1,346.
- Promoters
- 60.9%
- DIIs
- 4.6%
- Public
- 34.4%
Since Sep 2025
- Promoters −23.76 pp
- Public +19.13 pp
- DIIs +4.62 pp
How it drifted, 3 quarters
Over this window promoters fell from 84.7% to 60.9% — −23.8 pp.
Ownership split by quarter, oldest first. Sep '25: Promoters 84.7%, Public 15.3%.Oct '25: Promoters 60.9%, FIIs 3.5%, DIIs 7.3%, Public 28.4%.Mar '26: Promoters 60.9%, DIIs 4.6%, Public 34.4%.
Who bought this quarter
since Oct 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Unclaimed or Suspense or Escrow Account newly disclosed 8.01% held
- Avora Sme Fund 1 AIF newly disclosed 1.15% held
- NBFCs registered with RBI NBFC / DFI newly disclosed 0.38% held
- Sanshi Fund-I AIF +0.07 pp 1.31% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Suba Hotels Limited above SEBI's 1% disclosure line, and what changed since Oct 2025.
| Holder | Stake | Change |
|---|---|---|
| Click Hotels Private Limited | 30.47% | unchanged |
| Mansur Abubaker Mehta | 28.18% | unchanged |
| Unclaimed or Suspense or Escrow Account | 8.01% | newly disclosed |
| Munshi Holding Co | 3.01% | −8.01 pp |
| Sanshi Fund-I AIF | 1.31% | +0.07 pp |
| Bengal Finance And Investment Pvt Ltd | 1.24% | unchanged |
| Bharat Venture Opportunities Fund VC / PE | 1.24% | unchanged |
| Avora Sme Fund 1 AIF | 1.15% | newly disclosed |
| Shabnam Mansur Mehta | 1.14% | unchanged |
| Mubeen Mansur Mehta | 1.14% | unchanged |
| NBFCs registered with RBI NBFC / DFI | 0.38% | newly disclosed |
| Hajra Mubeen Mehta | 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 the price implies
- -6.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (2)
Read the Q4 FY26 call →Learn to analyse Suba Hotels Limited
Guides on how to read this kind of business and the numbers that matter.