Asian Hotels (North) Limited (ASIANHOTNR)

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Asian Hotels (North) Limited (ASIANHOTNR) · mywealthgrid

About

Asian Hotels (North) operates hotels and resorts within India's Consumer Discretionary leisure services sector. The company has a market capitalization of ₹1,285 Cr with quarterly revenue between ₹70–103 Cr and demonstrates operational capability through operating margins reaching 22–31% in profitable quarters.

Face value: ₹10

Market cap

₹1,483 Cr

P/E

—

P/B

1.6×

Dividend yield

ROE

-17.6%

ROCE

Debt / equity

0.36

OPM

13.3%

EPS (TTM)

₹-4.4

Book value

₹215.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability is highly volatile despite relatively stable revenue: net profit swung from −₹63.5 Cr (Sep 2025) to +₹174.2 Cr (Mar 2025) while quarterly revenue stayed within ₹70–103 Cr—verify whether the swings reflect seasonality, one-time charges, or structural cost pressures.
The gap between 13.27% reported OPM and negative net profit margin indicates substantial below-the-line charges; even quarters with positive OPM (e.g., Jun 2026: 17.47% OPM) posted losses (−₹3.54 Cr)—verify the nature and timing of financing and tax charges.
Zero promoter holding (0%) and 95.45% public ownership is atypical for Indian hospitality; raises questions about strategic alignment, decision-making authority, and capital allocation—verify history and implications for governance.
ROE is deeply negative at −17.62%, indicating value destruction; sustainability depends on stabilizing profitability and managing debt—verify covenant compliance and refinancing flexibility.

Generated analysis · source review pending

Growth drivers

Operating margins reached 22.83% (Mar 2026) and 31.91% (Mar 2025), demonstrating the business model can generate strong operational returns; if these margins can be stabilized, profitability would improve—verify what conditions (seasonality, occupancy, pricing) drove peak quarters.
Quarterly revenue of ₹70–103 Cr suggests a stable operational base; meaningful growth would require new property additions or market expansion—verify if capex, brand partnerships, or geographic expansion is planned.
The gap between 13.27% OPM and negative net profit margin represents a drag of >13 percentage points below the operating line; if financing or fixed costs can be optimized, profitability would improve significantly without requiring revenue growth—verify refinancing opportunities and one-time charge expectations.

Generated analysis · source review pending

2,526 historical price candles were omitted because the exchange source has not been verified.

₹348.1-3.7%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -92.2% (3-yr avg)
−Modest revenue growth of 4.4% a year over the last 5 years
−Weak interest coverage of 0.5×

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 22
Growth: 71
Valuation: 59

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
The Indian Hotels Company LimitedINDHOTELINDHOTEL	₹1,02,200 Cr	₹1,02,251 Cr	₹9,987 Cr	₹3,291 Cr	33%	₹2,146 Cr	23.2%	17%	17.2%	-191
Itc Hotels LimitedITCHOTELSITCHOTELS	₹33,018 Cr	₹33,019 Cr	₹4,260 Cr	₹1,471 Cr	34.4%	₹864 Cr	19.8%	10.2%	7.3%	600
Leela Palaces Hotels & Resorts LimitedTHELEELATHELEELA	₹19,003 Cr	₹20,560 Cr	₹1,604 Cr	₹785 Cr	48.6%	₹298 Cr	26.4%	8.4%	0.5%	-147
Eih LimitedEIHOTELEIHOTEL	₹18,628 Cr	₹18,628 Cr	₹3,023 Cr	₹1,030 Cr	34.8%	₹712 Cr	22.4%	18.6%	12.7%	-295
Chalet Hotels LimitedCHALETCHALET	₹18,182 Cr	₹20,506 Cr	₹2,387 Cr	₹1,064 Cr	42.9%	₹528 Cr	23.3%	18.4%	19.1%	80
Ventive Hospitality LimitedVENTIVEVENTIVE	₹12,894 Cr	₹14,929 Cr	₹2,496 Cr	₹1,079 Cr	44.4%	₹588 Cr	20.4%	10.2%	9.7%	-201
Lemon Tree Hotels LimitedLEMONTREELEMONTREE	₹8,530 Cr	₹10,533 Cr	₹1,473 Cr	₹700 Cr	47.9%	₹235 Cr	20%	14.6%	17.8%	-200
India Tourism Development Corporation LimitedITDCITDC	₹5,711 Cr	₹5,711 Cr	₹535 Cr	₹91 Cr	17.2%	₹82 Cr	15.5%	28.5%	21.6%	-47
Juniper Hotels LimitedJUNIPERJUNIPER	₹4,784 Cr	₹5,522 Cr	₹1,076 Cr	₹429 Cr	40.3%	₹166 Cr	13.5%	8.1%	5.1%	-32
Mahindra Holidays & Resorts India LimitedMHRILMHRIL	₹3,938 Cr	₹5,172 Cr	₹3,023 Cr	₹607 Cr	20.6%	₹54 Cr	2.2%	3.8%	8.9%	227
Samhi Hotels LimitedSAMHISAMHI	₹3,429 Cr	₹5,137 Cr	₹1,281 Cr	₹439 Cr	34.6%	₹504 Cr	45.4%	9.1%	30.3%	-321
Oriental Hotels LimitedORIENTHOTORIENTHOT	₹2,500 Cr	₹2,597 Cr	₹498 Cr	₹130 Cr	26.8%	₹67 Cr	13.8%	13.1%	12.7%	-164

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2026
	241	251	274	274	252	73	131	341
COGS	—	—	—	—	37	11	22	35
Gross profit	—	—	—	—	216	61	109	306
	170	169	191	192	161	84	103	261
	71	82	84	82	54	-23	6	45
OPM %	29.5%	32.5%	30.6%	29.9%	21.6%	-31.2%	4.5%	13.3%
Depreciation	23	22	20	20	18	17	25	18
Interest	117	99	99	114	127	91	110	72
	46	11	31	4	15	-564	-325	-97
Profit before tax	-23	-28	-4	-48	-76	-695	-454	-142
Tax	—	—	—	—	-11	0	0	-40
Tax %	—	—	—	—	-14.3%	0%	0%	-27.9%
	3	-16	-4	-39	-65	-695	-454	-102
PAT margin %	1.3%	-6.5%	-1.5%	-14.3%	-25.7%	-957.5%	-347.7%	-30%
EPS (₹)	—	—	—	—	-33.3	-357.3	-233.3	-44.1
EPS adjusted (₹)	1.6	—	-2.1	-20.1	-30.4	-357	-218.7	-23.9
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	—

₹ Cr	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2026
Equity capital	19	19	19	19	19	19	43
Reserves	760	719	684	611	409	218	878
Minority interest	—	—	—	—	26	—	—
	1,085	1,141	1,183	1,212	1,265	1,079	334
	263	228	255	291	284	239	438
Total equity & liabilities	2,127	2,108	2,142	2,133	2,003	1,556	1,692
	1,886	1,773	1,759	1,727	1,626	1,479	1,384
CWIP	158	229	256	279	297	1	—
Investments	—	1	1	1	1	0	0
	84	104	125	126	78	76	309
Total assets	2,127	2,108	2,142	2,133	2,003	1,556	1,692

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2026
Margins
Gross margin %	—	—	—	—	85.5%	84.3%	83.5%	89.7%
EBITDA margin %	29.5%	32.5%	30.6%	29.9%	21.6%	-31.2%	4.5%	13.3%
EBIT margin %	20.1%	23.9%	23.1%	22.7%	14.5%	-54.3%	-14.8%	8.1%
PAT margin %	1.3%	-6.5%	-1.5%	-14.3%	-25.7%	-957.5%	-347.7%	-30%
Working capital
Receivable days	16	—	16	22	18	72	31	23
Inventory days	17	—	22	21	103	187	97	93
Payable days	74	—	93	121	829	3,033	1,601	489
NWC days	-41	—	-55	-77	-708	-2,774	-1,474	-374
Leverage
Current ratio	0.2	—	0.22	0.2	0.14	0.06	0.06	0.6
Debt to EBITDA	15.24	—	13.59	14.48	22.25	—	185.43	7.37
Debt to equity	1.39	—	1.54	1.68	1.92	2.95	4.54	0.36
Interest coverage	0.5	0.7	1	0.6	0.4	-0.4	-0.1	0.5
Asset turnover	0.11	—	0.13	0.13	0.12	0.04	0.08	0.2
Return ratios
Return on assets %	0.1%	—	-0.2%	-1.8%	-3%	-34.7%	-29.2%	-6%
Return on capital employed %	3.4%	—	5.3%	3.7%	3%	-2.2%	-1.2%	3%
Return on equity %	0.4%	—	-0.6%	-5.6%	-10.3%	-162.2%	-190.8%	-11.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoter	50.69%	50.69%	0.16%	3.17%	3.17%	3.17%	0%	0%	0%	0%	0%	0%
	0%	0%	5.26%	5.26%	5.26%	5.26%	5.26%	5.26%	5.64%	5.65%	2.58%	2.58%
	3.72%	3.72%	3.74%	3.74%	3.74%	3.73%	3.71%	3.71%	3.71%	3.71%	1.69%	1.97%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	45.59%	45.59%	90.84%	87.83%	87.83%	87.84%	91.03%	91.03%	90.65%	90.64%	95.73%	95.45%
No. of shareholders	—	—	—	—	—	—	—	—	9,496	9,430	9,287	9,250

Promoter holding down 50.69 percentage points since Sep 2023.

20 deals · 25 Apr 2022 – 23 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Sept 2025	NARENDRA DHANUKA	Bulk	NSE	Sell	1,02,000	₹335.22	₹3.42 Cr
12 Oct 2023	JC FLOWERS ASSET RECONSTRUCTION PRIVATE LIMITED	Bulk	NSE	Sell	8,17,927	₹142.51	₹11.66 Cr
12 Oct 2023	VANDANA JATIA FAMILY TRUST	Bulk	NSE	Buy	8,17,000	₹142.56	₹11.65 Cr
13 Apr 2023	ROHAN GANERIWALA	Bulk	NSE	Buy	1,24,500	₹164.82	₹2.05 Cr
29 Mar 2023	SHYAM JATIA FAMILY TRUST	Bulk	BSE	Buy	1,00,000	₹99.95	₹1.00 Cr
28 Mar 2023	MANU VYAPAR PVT. LTD.	Bulk	NSE	Buy	1,27,177	₹83.73	₹1.06 Cr
27 Mar 2023	SHOWAN INVESTMENT PRIVATE LIMITED	Bulk	NSE	Buy	1,46,330	₹71.54	₹1.05 Cr
27 Mar 2023	GYAN TRADERS LIMITED	Bulk	NSE	Sell	1,46,330	₹71.54	₹1.05 Cr
17 Jan 2023	SAHARSH YARN PRIVATE LIMITED	Bulk	NSE	Sell	1,42,000	₹79.62	₹1.13 Cr
6 Oct 2022	GYAN TRADERS LIMITED	Bulk	NSE	Sell	99,204	₹91.75	₹0.91 Cr

1–10 of 20

1 / 2

Mr. Sharad SharmaExecutive Director-Chairperson
Mr. Arun Gopal AgarwalExecutive Director-CEO
Mr. Krishna Kumar AcharyaExecutive Director
Mr. Naresh Kumar JainNon-Executive - Independent Director
Ms. Karishma Kaur GillNon-Executive - Independent Director
Mr. Yogesh Chander ModiNon-Executive - Independent Director
Ms. Kriti Narula SehgalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Asian Hotels (North) Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

29 Sept 2026, 8:38 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2026
Margins
Gross margin %	—	—	—	—	85.5%	84.3%	83.5%	89.7%
EBITDA margin %	29.5%	32.5%	30.6%	29.9%	21.6%	-31.2%	4.5%	13.3%
EBIT margin %	20.1%	23.9%	23.1%	22.7%	14.5%	-54.3%	-14.8%	8.1%
PAT margin %	1.3%	-6.5%	-1.5%	-14.3%	-25.7%	-957.5%	-347.7%	-30%
Working capital
Receivable days	16	—	16	22	18	72	31	23
Inventory days	17	—	22	21	103	187	97	93
Payable days	74	—	93	121	829	3,033	1,601	489
NWC days	-41	—	-55	-77	-708	-2,774	-1,474	-374
Leverage
Current ratio	0.2	—	0.22	0.2	0.14	0.06	0.06	0.6
Debt to EBITDA	15.24	—	13.59	14.48	22.25	—	185.43	7.37
Debt to equity	1.39	—	1.54	1.68	1.92	2.95	4.54	0.36
Interest coverage	0.5	0.7	1	0.6	0.4	-0.4	-0.1	0.5
Asset turnover	0.11	—	0.13	0.13	0.12	0.04	0.08	0.2
Return ratios
Return on assets %	0.1%	—	-0.2%	-1.8%	-3%	-34.7%	-29.2%	-6%
Return on capital employed %	3.4%	—	5.3%	3.7%	3%	-2.2%	-1.2%	3%
Return on equity %	0.4%	—	-0.6%	-5.6%	-10.3%	-162.2%	-190.8%	-11.1%

Date	Category	Subject	Filing
29 Sept 2026, 8:38 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 8:34 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
5 Sept 2026, 1:38 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
4 Sept 2026, 8:21 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
4 Sept 2026, 8:15 pm	AGM/EGM AGM	45Th AGM - 29-09-2026	PDF
26 Aug 2026, 12:30 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
25 Aug 2026, 7:50 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
11 Aug 2026, 3:24 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2026
	54	41	15	-156
	16	1	-3	17
	-64	-43	-11	268
Net cash flow	6	-1	0	130
Free cash flow	—	39	14	-159
CFO / Operating profit %	76.3%	—	252.6%	-343.7%

Asian Hotels (North) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

8

1

Compounded sales growth

Return on equity

Asian Hotels (North) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

Ratio timeline

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends8

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

8

1