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Leela Palaces Hotels & Resorts

THELEELA NSE
₹663.45 No trade today
P/E
50.00
View as Markdown
MCP
Close 4 Nov 2026 ₹663.45 +241.55 +57.3% 1Y
Start ₹421.90

Key Fundamentals

SmallcapLeisure ServicesConsumer Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
8.73%
Debt to Equity
0.28
EPS (TTM)
₹13.27
Book Value
₹196.32
Market Cap
—
P/E (TTM)
50.00
P/B
3.38
ROE
8.21%
Dividend Yield
0.00%
EBITDA
₹813 Cr
52W High
₹685.00
52W Low
₹384.50
Volume
0

Peer Comparison

Consumer Discretionary › Leisure Services › Hotels & Resorts

Leela Palaces Hotels & Resorts peer comparison
Indian Hotels Co
₹849.0056.34₹1,19,540 Cr8.860.39%14.20%17.10%₹9,987 Cr₹2,308 Cr
ITC Hotels
₹173.2941.66₹35,849 Cr3.080.58%7.89%11.20%₹4,260 Cr₹869 Cr
Leela Palaces Hotels & Resorts (this company)
₹663.4550.00₹21,595 Cr3.380.00%8.21%8.73%₹1,604 Cr₹444 Cr
EIH
₹299.7526.34₹18,651 Cr3.560.51%14.50%20.70%₹3,023 Cr₹741 Cr
Chalet Hotels
₹816.9033.87₹17,747 Cr4.840.25%19.00%17.00%₹2,387 Cr₹528 Cr
Ventive Hospitality
₹525.5025.60₹12,388 Cr2.230.00%8.33%10.80%₹2,496 Cr₹587 Cr
Lemon Tree Hotels
₹115.5739.04₹9,110 Cr6.580.00%19.20%14.10%₹1,473 Cr₹297 Cr
Median 7 companies₹525.5039.04₹18,651 Cr3.560.25%14.20%14.10%₹2,496 Cr₹587 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

54 Average

Data confidence 98/100

pledge:74%

Category scores

Quality
84
Strong
Returns, margins, earnings quality 22% weight
Valuation
53
Average
Cheap vs sector & own history 24% weight
Growth
59
Good
Sales & profit trajectory 9% weight
Financial Health
38
Weak
Solvency, leverage, coverage 9% weight
Momentum
97
Strong
Trend strength, vol-adjusted 12% weight
Ownership
57
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has reduced debt.

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoters have pledged 73.6% of their holding.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2413
OscillatorsBullish243
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
66.27
Neutral
MACD (12,26,9)
23.61
Bullish
SMA (50)
574.37
Bullish
SMA (200)
478.45
Bullish

As of

Analyst Rating

Based on 19 analysts
BUY100%

19 of 19 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
19
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
3Y+21.09%
1Y+17.37%
TTM+19.08%

Net profit

Net profit growth by window
3YTurned to profit
1Y+739.58%
TTM+238.93%

Operating cash flow

Operating cash flow growth by window
3Y+34.69%
1Y+40.51%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
3Y+4.23 pp
1Y+2.80 pp
TTM+0.99 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2023₹860 Cr
Mar 2024₹1,171 Cr
Mar 2025₹1,301 Cr
Mar 2026₹1,527 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2023−₹62.00 Cr
Mar 2024−₹2.00 Cr
Mar 2025₹48.00 Cr
Mar 2026₹403 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹261 Cr +43.3% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Leela Palaces Hotels & Resorts Ltd trades at ₹652.85 with a market cap of ₹22,523.79 crore as of 2026-11-03, reflecting a trailing PE of 49.2x and ROE of 6.25%. The stock has delivered a 1-year CAGR of 36% supported by strong profit growth, but faces concerns around high promoter pledge levels and zero dividend payouts.

Bull Case 7
  • Compounded profit growth of 106% over 3 years and 241% on a TTM basis signals a sharp earnings trajectory, reflecting strong operational leverage in the luxury hospitality segment.
  • Compounded sales growth of 21% over 3 years and 19% TTM indicates healthy and sustained topline momentum, suggesting consistent demand for the company's premium hotel offerings.
  • The stock has delivered a 1-year CAGR of 36%, significantly outperforming broader market indices, reflecting growing investor confidence in the business model.
  • Debt-to-equity ratio stands at a manageable 0.28 as of 2026-11-03, and the company has been actively reducing debt, strengthening the balance sheet for future expansion.
  • The stock is trading at ₹652.85, near its 52-week high of ₹685, which is 69.8% above its 52-week low of ₹384.50, indicating strong sustained buying interest and upward momentum.
  • ROCE of 8.26% shows the company is generating reasonable returns on total capital employed, with potential for further improvement as profits scale faster than the asset base.
  • EPS TTM of ₹13.27 underpins the recent profitability turnaround, and with 241% TTM profit growth, earnings power appears to be accelerating meaningfully.
Bear Case 6
  • Promoters have pledged 73.6% of their holding, which is an exceptionally high level that introduces significant risk of forced selling or loss of control in the event of a stock price decline.
  • Despite reporting repeated profits and 241% TTM profit growth, the company pays zero dividend (yield of 0%), suggesting shareholders receive no direct cash return on their investment.
  • The trailing PE of 49.2x as of 2026-11-03 is elevated for the leisure services sector, requiring sustained high earnings growth to justify the current valuation.
  • ROE of 6.25% and last year's ROE of 8% remain modest, indicating that despite strong profit growth the company is not yet generating compelling returns on shareholder equity.
  • Price-to-book ratio of 3.33x means investors are paying a significant premium over the book value of assets, which could compress if growth expectations are not met.
  • ROCE of 8.26% remains below typical cost-of-capital benchmarks for Indian equities, suggesting the company is not yet earning excess returns on its total invested capital.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Leela Palaces delivered a strong Q2FY27 with 33% revenue growth, 46% EBITDA margins, and impressive 30% RevPAR gains driven entirely by ADR increases. The balance sheet is improving with net leverage declining to 1.4x. The ₹4,500 million BKC JV investment is worth monitoring for execution risk and capital allocation. With robust pricing power and deleveraging underway, the near-term trajectory looks positive, though sustaining premium ADR growth will be key to maintaining momentum.

Positives 3
  • Strong Q2 EBITDA up 36% YoY Oct 22

    Operating EBITDA rose 36% YoY to ₹1,877 million in Q2FY27 with margins at 46%. Operating revenue grew 33% YoY to ₹4,119 million.

  • RevPAR surges 30% on ADR Oct 22

    RevPAR increased 30% YoY driven by 30% ADR growth to ₹25,046 in Q2FY27, reflecting strong pricing power.

  • Leverage improving steadily Oct 22

    Net debt to LTM EBITDA improved to 1.4x from 1.6x in March 2026, indicating deleveraging progress.

Neutral 3
  • ₹4,500 Cr BKC JV funding Oct 15

    Leela Palaces seeks shareholder approval for an aggregate investment limit of ₹4,500 million in the BKC mixed-use project via a related party JV with Leela BKC Holdings.

  • Investor meets in Singapore Oct 14

    Company representatives attended investor meetings in Singapore on October 19-20, 2026, with no unpublished price sensitive information shared.

  • Q2FY27 earnings call uploaded Oct 14

    Audio recording of the Q2FY27 earnings conference call held on October 14, 2026 was made available on the company website.

Quarterly Results

₹ Cr
THELEELA quarterly results, ₹ crore
Particulars Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
228
277
370
425
275
311
457
484
352
412
Expenses
162
163
184
198
173
175
222
219
224
—
Operating Profit
66
114
187
227
101
136
235
266
128
—
OPM %
29%
41%
50%
53%
37%
44%
51%
55%
36%
—
Other Income
12
23
33
38
27
23
7
10
9
—
Interest
119
122
117
99
86
38
39
40
39
38
Depreciation
38
39
31
31
26
27
29
30
33
34
PBT
−79
−25
71
135
16
93
174
206
64
110
Tax %
−5%
107%
21%
13%
45%
20%
15%
17%
24%
14%
Net Profit
−75
−51
56
117
9
75
148
172
49
95
EPS (₹)
—
—
—
4.25
0.26
2.24
4.43
5.14
1.46
—

Sep 2026: from the results filed on 14 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
THELEELA profit and loss, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
860
1,171
1,301
1,527
1,604
Expenses
479
623
706
787
840
Operating Profit
381
548
595
741
764
OPM %
44%
47%
46%
48%
48%
Other Income
43
55
106
64
48
Interest
360
436
459
204
157
Depreciation
125
148
140
113
119
PBT
−61
19
102
488
537
Tax %
2%
111%
53%
17%
—
Net Profit
−62
−2
48
403
443
EPS (₹)
—
—
1.73
12.07
13.27
Div. Payout %
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
THELEELA balance sheet, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
20
20
276
334
Reserves
−2,532
−2,846
3,280
6,070
Borrowings
3,883
4,453
4,142
1,811
Other Liabilities
4,504
5,434
568
709
Total Liabilities
5,876
7,062
8,266
8,924
Fixed Assets
5,259
6,212
6,305
7,208
CWIP
27
39
131
229
Investments
0
0
14
646
Other Assets
589
811
1,816
841
Total Assets
5,876
7,062
8,266
8,924

Cash Flow

₹ Cr
THELEELA cash flow, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Operating
318
539
553
777
Investing
−85
−786
−5,730
−637
Financing
−318
147
5,236
−170
Net Cash Flow
−84
−100
59
−30
Free Cash Flow
233
419
345
262
CFO/OP
86
104
95
111

Ratios

THELEELA financial ratios, annual
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
30
23
25
19
Cash Conversion Cycle
30
23
25
19
Working Capital Days
−65
−1,666
−76
−66
ROCE %
—
30%
12%
9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Leela Palaces Hotels & Resorts insights

58 extracted metrics across FY23–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.91%
  • DIIs 12.83%
  • FIIs 7.21%
  • Public 2.61%
  • Others 1.44%

73.65% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Leela Palaces Hotels & Resorts

What does Leela Palaces Hotels & Resorts Ltd do?
Established in 2019, Schloss Bangalore Limited is a luxury hospitality company operating under "The Leela" brand in India.
Where is Leela Palaces Hotels & Resorts Ltd (THELEELA) listed?
Leela Palaces Hotels & Resorts Ltd trades as THELEELA on the NSE and under code 544408 on the BSE.
Which sector does Leela Palaces Hotels & Resorts Ltd belong to?
Leela Palaces Hotels & Resorts Ltd is classified under the Leisure Services sector, in the Hotels & Resorts industry.
What is the PE ratio of Leela Palaces Hotels & Resorts Ltd?
Leela Palaces Hotels & Resorts Ltd trades at a PE ratio of 50.00 as of 4 Nov 2026, on earnings per share of ₹13.27, against a book value of ₹196.32 per share.
What is the 52-week high and low of Leela Palaces Hotels & Resorts Ltd?
Over the last 52 weeks Leela Palaces Hotels & Resorts Ltd has traded between ₹384.5 and ₹685 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Leela Palaces Hotels & Resorts Ltd?
Leela Palaces Hotels & Resorts Ltd reported a return on equity of 8.21%. Its debt-to-equity ratio is 0.28.

Company Information

Established in 2019, Schloss Bangalore Limited is a luxury hospitality company operating under "The Leela" brand in India.

Website theleela.com
Listed 2 Jun 2025
Face Value ₹10

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