Kamat Hotels (I) Limited (KAMATHOTEL)

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Kamat Hotels (I) Limited (KAMATHOTEL) · mywealthgrid

About

Kamat Hotels (I) Limited operates hotels and resorts within India's leisure services industry. The company maintains quarterly consolidated revenues of ₹79–₹117 Cr with a multi-unit group structure, operating margins typically between 25–33%, and conservative leverage (D/E 0.35), though with significant quarter-to-quarter volatility.

Face value: ₹10

Market cap

₹700 Cr

P/E

17.4×

P/B

2.3×

Dividend yield

ROE

13%

ROCE

15%

Debt / equity

0.35

OPM

25.1%

EPS (TTM)

₹13.4

Book value

₹105.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin volatility from 5.35% to 33.14% indicates seasonal or operational unpredictability; verify occupancy, capacity utilization, and product mix drivers
Q3 FY2025-26 posted net loss of ₹2.19 Cr despite ₹75 Cr revenue; verify if one-time cost impact or structural profitability issue
No dividend since 2009 despite consistent recent profitability; capital allocation strategy and shareholder return policy undefined
Promoter concentration at 57.78% with minimal FII participation (0.02%) raises governance and liquidity concerns; verify board independence and institutional oversight

Generated analysis · source review pending

Growth drivers

Operating margins of 28–33% in recent quarters (Dec 2025: 33.14%, Mar 2026: 28.98%) demonstrate pricing power and cost control; growth depends on volume expansion through occupancy or room-rate increases—verify current occupancy and ADR trends
Quarterly recovery from Sep 2025 loss (₹-2.19 Cr) to Dec 2025 strong profitability (₹19.06 Cr, 33% OPM) signals operational turnaround; verify whether company-specific or reflects broader leisure-sector demand momentum
Consolidated quarterly revenues (₹79–₹117 Cr) exceed standalone (₹50–₹77 Cr), indicating multi-unit platform; verify management's capacity expansion and acquisition strategy

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹237.5+0.3%1Y

Quick read

rule-based

Pros

+Strong return on equity of 19% (3-yr avg)
+Healthy operating margin of 25.1%
+Revenue CAGR of 42.3% over the last 5 years

Cons

−Profit declined 50.2% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 46
Growth: 46
Valuation: 78

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 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	185	222	66	144	295	304	362	386
COGS	—	20	7	15	24	26	31	34
Gross profit	—	202	59	130	271	278	332	351
	130	139	51	93	159	186	227	254
	55	63	8	36	111	92	105	97
OPM %	29.7%	28.4%	12.4%	25.1%	37.8%	30.1%	29%	25.1%
Depreciation	23	18	18	17	15	18	20	28
Interest	28	37	42	50	22	61	30	29
	41	17	5	1	242	41	10	14
Profit before tax	44	24	-46	-30	316	54	65	54
Tax	-0	-1	-10	-7	3	9	19	16
Tax %	-1.1%	-2.1%	-20.9%	-24.6%	1.1%	16.8%	28.8%	28.9%
	45	25	-36	-23	313	45	47	39
PAT margin %	24%	11.2%	-55%	-15.7%	106.1%	14.7%	12.9%	10%
EPS (₹)	—	21	-15.4	-9.6	132.3	17.5	16	12.7
EPS adjusted (₹)	18.4	10.3	-15	-9.4	124	16.9	15.5	12.8
Annual report	Annual report for Mar 2017	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 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	24	24	24	24	24	25	27	30	30
Reserves	-8	37	—	-183	-205	129	179	248	286
Minority interest	—	—	—	—	—	—	—	—	17
	309	336	—	451	441	346	200	128	111
	530	460	—	173	207	109	212	183	237
Total equity & liabilities	855	857	—	465	467	609	618	589	680
	652	631	362	346	339	355	386	324	471
CWIP	0	1	—	6	1	2	4	8	5
Investments	0	0	—	11	10	11	12	12	8
	202	226	—	102	117	241	217	245	197
Total assets	855	857	—	465	467	609	618	589	680

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	90.8%	89.8%	89.7%	91.8%	91.3%	91.5%	91.1%
EBITDA margin %	29.7%	28.6%	13.4%	25.4%	36.9%	29.8%	28.9%	25.1%
EBIT margin %	17.1%	20.4%	-13.2%	13.6%	31.6%	24%	23.4%	17.8%
PAT margin %	24%	11.2%	-55%	-15.7%	106.1%	14.7%	12.9%	10%
Working capital
Receivable days	17	—	31	25	11	10	9	14
Inventory days	15	—	102	53	55	59	55	51
Payable days	73	—	1,261	532	343	433	183	157
NWC days	-41	—	-1,128	-454	-277	-364	-119	-91
Leverage
Current ratio	0.23	—	0.06	0.07	0.2	0.59	0.87	1.06
Debt to EBITDA	6.1	—	50.91	12.02	3.19	2.2	1.22	1.14
Debt to equity	5.5	—	-2.84	-2.43	2.25	0.97	0.46	0.35
Interest coverage	1.5	1.3	-0.2	0.4	4.4	1.4	3.1	2.9
Asset turnover	0.22	—	0.14	0.31	0.48	0.49	0.62	0.57
Return ratios
Return on assets %	5.2%	—	-7.8%	-4.9%	51.4%	7.3%	7.9%	5.7%
Return on capital employed %	9.7%	—	13.5%	-19.2%	25.6%	19.6%	18.7%	15%
Return on equity %	72.9%	—	22.9%	12.5%	203.1%	21.8%	16.7%	12.2%

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
	61.47%	61.47%	63.34%	64.2%	57.78%	57.78%	57.78%	57.78%	57.78%	57.78%	57.78%	57.78%
	0.37%	0.51%	0.25%	0%	0%	0%	0.27%	0.01%	0.96%	0.11%	0.26%	0.02%
	0%	0%	0%	0%	4.54%	4.54%	4.16%	3.43%	3.86%	3.85%	3.85%	3.86%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	38.16%	38.02%	36.41%	35.8%	37.68%	37.68%	37.79%	38.78%	37.4%	38.26%	38.11%	38.34%
No. of shareholders	—	—	—	—	—	—	—	—	23,980	24,034	23,509	23,404

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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 Kamat Hotels (I) 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

Loading documents…

Events

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

3

Dividend dividend11 Sept 2009 · ex-date₹1.2
Dividend dividend14 Aug 2008 · ex-date₹3
Dividend dividend13 Jul 2007 · ex-date₹2.5

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

55 announcementsExport CSV

28 Sept 2026, 4:01 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

28 Sept 2026, 3:07 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

4 Sept 2026, 5:52 pmCompany Update

Letter Containing The Web-Link And Path To Access The Annual Report Of The Company Pursuant To Regulation 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended (''Listing Regulations'')

General PDF

3 Sept 2026, 1:04 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

2 Sept 2026, 5:56 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

2 Sept 2026, 5:48 pmAGM/EGM

Notice Of 39Th Annual General Meeting Of FY2025-26 To Be Held On Saturday, 26Th September, 2026

AGM PDF

29 Aug 2026, 1:34 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

22 Aug 2026, 2:44 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

Date	Category	Subject	Filing
28 Sept 2026, 4:01 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 3:07 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Ratio	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	90.8%	89.8%	89.7%	91.8%	91.3%	91.5%	91.1%
EBITDA margin %	29.7%	28.6%	13.4%	25.4%	36.9%	29.8%	28.9%	25.1%
EBIT margin %	17.1%	20.4%	-13.2%	13.6%	31.6%	24%	23.4%	17.8%
PAT margin %	24%	11.2%	-55%	-15.7%	106.1%	14.7%	12.9%	10%
Working capital
Receivable days	17	—	31	25	11	10	9	14
Inventory days	15	—	102	53	55	59	55	51
Payable days	73	—	1,261	532	343	433	183	157
NWC days	-41	—	-1,128	-454	-277	-364	-119	-91
Leverage
Current ratio	0.23	—	0.06	0.07	0.2	0.59	0.87	1.06
Debt to EBITDA	6.1	—	50.91	12.02	3.19	2.2	1.22	1.14
Debt to equity	5.5	—	-2.84	-2.43	2.25	0.97	0.46	0.35
Interest coverage	1.5	1.3	-0.2	0.4	4.4	1.4	3.1	2.9
Asset turnover	0.22	—	0.14	0.31	0.48	0.49	0.62	0.57
Return ratios
Return on assets %	5.2%	—	-7.8%	-4.9%	51.4%	7.3%	7.9%	5.7%
Return on capital employed %	9.7%	—	13.5%	-19.2%	25.6%	19.6%	18.7%	15%
Return on equity %	72.9%	—	22.9%	12.5%	203.1%	21.8%	16.7%	12.2%

27 deals · 22 Sept 2021 – 4 Feb 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Feb 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	1,48,301	₹301.06	₹4.46 Cr
4 Feb 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	1,48,301	₹300.74	₹4.46 Cr
21 Apr 2023	KEVAL NAVINCHANDRA DOSHI	Bulk	NSE	Buy	1,20,000	₹160.20	₹1.92 Cr
13 Mar 2023	BP EQUITIES PRIVATE LIMITED	Bulk	NSE	Buy	1,23,918	₹139.92	₹1.73 Cr
13 Mar 2023	SMART MULTITRADE PRIVATE LIMITED	Bulk	NSE	Sell	1,23,713	₹139.92	₹1.73 Cr
13 Mar 2023	BP EQUITIES PRIVATE LIMITED	Bulk	NSE	Sell	1,405	₹141.10	₹0.02 Cr
9 Dec 2022	L7 HITECH PRIVATE LIMITED	Bulk	NSE	Buy	1,83,956	₹98.62	₹1.81 Cr
7 Dec 2022	MOLECULE VENTURES LIMITED LIABILITY PARTNERSHIP	Bulk	NSE	Sell	2,00,000	₹111.65	₹2.23 Cr
17 Aug 2022	YUGA STOCKS AND COMMODITIES PRIVATE LIMITED .	Bulk	NSE	Sell	2,96,739	₹91.32	₹2.71 Cr
17 Aug 2022	YUGA STOCKS AND COMMODITIES PRIVATE LIMITED .	Bulk	NSE	Buy	2,16,739	₹93.04	₹2.02 Cr

1–10 of 27

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	59	63	1	30	116	73	66	98
	-3	5	-4	-4	-38	145	34	-45
	-57	-70	5	-17	-89	-219	-96	-48
Net cash flow	-1	-2	2	9	-10	-2	5	5
Free cash flow	56	61	-7	24	110	66	49	70
CFO / Operating profit %	—	114.6%	11.4%	82.5%	106.9%	80.2%	63.4%	100.9%

Kamat Hotels (I) 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

3

1

Announcements

No fund holdings on record

3

1

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Kamat Hotels (I) 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

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends3

Board meetings1

Announcements

Ratio timeline

No fund holdings on record

Dividends3

Board meetings1

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

1

3

1