Espire Hospitality Limited (ESPIRE)

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Espire Hospitality Limited (ESPIRE) · mywealthgrid

About

Espire Hospitality operates hotels and resorts in India's consumer discretionary leisure segment. With a market cap of ₹243.99 Cr and recent quarterly revenue of ₹40–41 Cr, it is a small-cap operator showing significant growth from ₹4.86 Cr in Sep 2023. Recent profitability shows 20%+ operating margins and strong ROE of 35.38%.

Face value: ₹10

Market cap

₹221 Cr

P/E

26.6×

P/B

4.3×

Dividend yield

ROE

17.2%

ROCE

12.7%

Debt / equity

1.99

OPM

18.7%

EPS (TTM)

₹5.5

Book value

₹34.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue and profitability highly volatile (₹4.86 Cr to ₹41 Cr quarterly range; OPM 9.62%–29.63%) — verify whether recent scaling represents sustainable growth or operational lumpiness
High PE multiple of 29.48 on small-cap with volatile history — confirm earnings stability justifies valuation
EPS zero in Mar 2025 despite ₹4.49 Cr net profit, yet ₹0.57 EPS on ₹0.77 Cr profit in Mar 2024 — verify share dilution or capital structure changes
Minimal institutional holding (FII 2.08%, DII 0%) — determine whether this reflects sector skepticism or company-specific concerns

Generated analysis · source review pending

Growth drivers

Revenue scaled from ₹4.86 Cr (Sep 2023) to ₹41 Cr (Dec 2024); verify if from new property additions, expanded capacity, or one-time factors
Operating margins recovered to 20%+ (Dec 2024: 20.35%, Mar 2025: 19.59%) from 9.62% (Jun 2024); if capacity-driven, further gains possible; verify utilization trends
ROE 35.38% on deployed capital suggests reinvestment potential; verify management's capital allocation plans and expansion strategy

Generated analysis · source review pending

428 historical price candles were omitted because the exchange source has not been verified.

₹148.0-0.7%1Y

Quick read

rule-based

Pros

+Strong return on equity of 59.6% (3-yr avg)
+Profit CAGR of 207.2% over the last 3 years
+High promoter holding of 69.3% with no pledge

Cons

−Revenue shrank over the last 5 years (-58.4% a year)
−Heavily leveraged (debt/equity 2)

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 26
Growth: 100
Valuation

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

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	0	—	0	10,750	2	19	36	119	134
COGS	—	—	—	—	—	0	0	2	-4	-10	10
Gross profit	—	—	—	—	—	—	1	16	—	—	125
	0	0	0	—	0	75,048	2	13	33	107	100
	-0	-0	-0	—	-0	-64,298	-0	4	7	22	25
OPM %	-41.2%	-130%	-4.4%	—	-133.3%	-598.1%	-17%	19.2%	19.4%	18.3%	18.7%
Depreciation	—	—	—	—	—	0	0	3	4	5	11
Interest	—	—	—	—	—	0	0	1	1	7	10
	—	0	—	—	—	164	1	0	1	1	7
Profit before tax	-0	-0	0	-0	-0	-64,134	0	0	3	11	12
Tax	—	—	—	—	—	1,159	0	0	0	3	3
Tax %	—	—	—	—	—	1.8%	366.7%	39.6%	3%	23.5%	29.8%
	-0	-0	0	-0	-0	-65,292	-0	0	3	8	8
PAT margin %	-20.6%	-70%	0%	—	-111.1%	-607.4%	-5%	1.5%	7.2%	7%	6.1%
EPS (₹)	—	—	0	-0.1	—	-0.5	-0.1	0.2	1.9	2.8	5.5
EPS adjusted (₹)	—	—	—	—	—	-0.5	-0.1	0.2	1.9	5.6	5.4
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	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13,50,040	14	14	14	15	15
Reserves	-12,89,208	-13	-13	-10	29	36
Minority interest	—	—	—	—	0	—
	0	3	9	1	3	102
	1,979	4	17	66	134	83
Total equity & liabilities	62,811	7	26	70	181	236
	1,430	3	13	53	89	84
CWIP	0	1	6	1	17	44
Investments	0	0	0	—	—	0
	61,381	4	8	16	75	107
Total assets	62,811	7	26	70	181	236

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	907	4	16	3	-23	3
	53	-4	-18	-36	-26	-24
	0	0	2	33	49	22
Net cash flow	959	0	-0	0	0	0
Free cash flow	907	0	-2	—	—	3
CFO / Operating profit %	—	—	440.8%	48.8%	-107.1%	10.9%

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	78%	87%	—	—	92.9%
EBITDA margin %	—	-133.3%	-598.1%	-17%	19.2%	19.4%	18.3%	18.7%
EBIT margin %	—	-133.3%	-598.1%	-36.5%	5%	9.3%	13.7%	10.7%
PAT margin %	—	-111.1%	-607.4%	-5%	1.5%	7.2%	7%	6.1%
Working capital
Receivable days	—	—	20	57	13	8	4	7
Inventory days	—	—	0	313	12	1	1	11
Payable days	—	—	0	626	344	4	1	245
NWC days	—	—	20	-255	-319	4	4	-227
Leverage
Current ratio	—	—	2.17	0.63	0.24	1.01	2.53	1.86
Debt to EBITDA	—	—	—	—	2.54	0.1	0.15	4.06
Debt to equity	—	—	0	5.96	12.15	0.21	0.07	1.99
Interest coverage	—	—	—	1.4	1.7	3	2.6	2.2
Asset turnover	—	—	0.17	0.22	0.71	0.51	0.66	0.57
Return ratios
Return on assets %	—	—	-104%	-1.1%	1.1%	3.7%	4.6%	3.4%
Return on capital employed %	—	—	-105.1%	0%	10.9%	11%	17%	12.7%
Return on equity %	—	—	-107.3%	-15.1%	37.3%	77.3%	19%	15.9%

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
	74.07%	74.07%	74.07%	74.07%	74.07%	74.07%	69.25%	69.25%	69.25%	69.25%	69.25%	69.25%
	0%	0%	0%	0%	0%	0%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.93%	25.93%	25.93%	25.93%	25.93%	25.93%	28.67%	28.67%	28.67%	28.67%	28.67%	28.67%
No. of shareholders	—	—	—	—	—	—	—	—	2,681	2,705	2,697	2,838

Promoter holding down 4.82 percentage points since Sep 2023.

Mr. GAGAN OBEROINon-Executive - Non Independent Director-Chairperson
Ms. LEELA BISHTNon-Executive - Non Independent Director
Mr. AMIT RAINon-Executive - Non Independent Director
Mr. AKHIL ARORAExecutive Director
Mr. DILEEP KUMARNon-Executive - Independent Director
Mr. AMIT KUMAR JAINNon-Executive - Independent Director
Mr. Rajeev ChatterjeeChief Financial Officer
Mr. Sumeer Narain MathurCompany 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 Espire Hospitality 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

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

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

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

28 Sept 2026, 10:23 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

9 Sept 2026, 10:28 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 11:46 pmAGM/EGM

Annual Report For The Financial Year 2025-26

AGM PDF

3 Sept 2026, 11:41 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

31 Aug 2026, 10:37 pmCorp. Action

RECORD DATE FIXED FOR THE 35TH ANNUAL GENERAL MEETING

Record Date PDF

31 Aug 2026, 9:30 pmAGM/EGM

35TH AGM TO BE HELD ON 25TH SEPTEMBER,2026

AGM PDF

31 Aug 2026, 9:28 pmOthers

Board Meeting Outcome for OUTCOME OF BOARD MEETING

Outcome without intimation PDF

18 Aug 2026, 11:34 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
28 Sept 2026, 10:23 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
9 Sept 2026, 10:28 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

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Espire Hospitality 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

Annual reports

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Espire Hospitality Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Quarterly record

Board and management

1

1