UP Hotels Ltd (UPHOT) · mywealthgrid

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About

UP Hotels Ltd operates hotels and resorts in the leisure services segment of Consumer Discretionary. It is a ₹756 Cr small-cap with pronounced seasonality: Dec and Mar quarters generate ₹48–55 Cr revenue each, while Jun and Sep drop to ₹21–27 Cr. Zero debt and strong peak-season profitability (43.32% OPM in Dec 2024) are offset by thin margins in off-peak months.

Face value: ₹10

Market cap

₹826 Cr

P/E

27.8×

P/B

5.4×

Dividend yield

ROE

—

ROCE

—

Debt / equity

OPM

27.6%

EPS (TTM)

₹55.1

Book value

₹280.8

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Margin compression in off-peak quarters: OPM fell from 43.32% (Dec 2024) to 0.33% (Jun 2024) and net profit turned negative (Jun 2024: -₹0.72 Cr), creating severe earnings volatility

Severe seasonality: Jun–Sep quarters average ~₹25 Cr revenue vs ~₹50 Cr in Mar–Dec; ability to fill off-season capacity unverified

Stock underperformance: Down 27.16% YoY despite recent earnings; verify whether valuation reflects intrinsic cash generation or signals market concerns

Minimal institutional ownership: FII 0%, DII 0% suggests limited analyst coverage and scrutiny; verify management track record and operational transparency

Generated analysis · source review pending

Growth drivers

Margin sustainability: Dec 2024 achieved 43.32% OPM; if maintained year-round instead of collapsing to 0.33% (Jun 2024), annual earnings could expand materially without revenue growth

Peak-season leverage: Mar and Dec quarters consistently generate ₹48–55 Cr and demonstrate 30%+ OPM; growth focused on these high-margin periods would amplify earnings

Off-season utilization gap: Jun–Sep averages ₹25 Cr vs ₹50 Cr peak-season average; narrowing this gap through demand development or pricing strategies could smooth revenue

Generated analysis · source review pending

1,027 historical price candles were omitted because the exchange source has not been verified.

₹1,530.00%1Y

Quick read

rule-based

Pros

+High return on capital employed of 22.8%
+Healthy operating margin of 27.6%
+Profit CAGR of 51.6% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 1325.3×
+High promoter holding of 88.4% with no pledge

Cons

−Modest revenue growth of 9.4% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

66/100

Business quality: 92
Growth: 56

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

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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
	87	88	94	105	98	33	72	131	147	153
COGS	-14	-14	-15	-17	-15	5	12	19	20	-21
Gross profit	—	—	—	—	—	28	60	112	126	—
	88	94	101	110	107	34	48	76	81	132
Operating profit (EBITDA)	12	8	8	11	5	-7	13	36	45	42
OPM %	14.1%	9.1%	8.3%	10.9%	5.6%	-20.2%	17.5%	27.2%	30.7%	27.6%
Depreciation	7	—	7	7	7	6	6	7	8	9
Interest	1	0	—	0	0	0	0	0	0	0
	2	3	4	5	5	3	3	4	5	6
Profit before tax	7	6	5	9	4	-11	9	32	42	40
Tax	—	—	—	3	-0	-3	2	8	10	10
Tax %	—	—	—	28.1%	-1.1%	-27.5%	24.4%	26.6%	24.8%	25.2%
	4	3	3	7	4	-8	7	23	32	30
PAT margin %	4.1%	4%	3.2%	6.2%	3.8%	-23.4%	9.4%	17.9%	21.7%	19.4%
EPS (₹)	6.5	6.5	5.7	12.2	0.1	-14.2	12.5	43.3	58.9	32.4
EPS adjusted (₹)	—	6.5	5.7	—	6.9	-14.2	12.5	43.3	58.9	—
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	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity capital	5	5	5	5	5	5	5
Reserves	74	74	92	84	91	114	146
	—	—	0	0	0	0	0
	28	28	7	21	18	28	30
Total equity & liabilities	108	108	104	110	115	148	182
	60	0	60	55	62	61	64
CWIP	0	0	0	10	1	3	1
Investments	8	8	0	6	7	15	26
	40	99	44	40	45	69	92
Total assets	108	108	104	110	115	148	182

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	10	11	13	5	-1	5	53	-4
	-10	-11	-11	-8	1	-5	-52	7
	-0	2	1	-2	-3	2	-1	-0
Net cash flow	-0	3	2	-5	-3	2	-1	3
Free cash flow	1	2	6	0	-5	0	45	-12
CFO / Operating profit %	124.2%	143%	109.6%	95.6%	—	41.8%	148%	-8.6%

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Ratios

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

Standalone figures

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	84.6%	83.5%	85.3%	86.2%	—
EBITDA margin %	8.3%	10.9%	5.6%	-20.2%	17.5%	27.2%	30.7%	27.6%
EBIT margin %	1.1%	4.3%	-1.5%	-39.9%	8.6%	21.5%	25.3%	21.9%
PAT margin %	3.2%	6.2%	3.8%	-23.4%	9.4%	17.9%	21.7%	19.4%
Working capital
Receivable days	32	—	0	31	20	18	19	—
Inventory days	12	—	0	145	70	40	50	—
Payable days	—	—	0	441	169	113	99	—
NWC days	—	—	0	-265	-79	-55	-30	—
Leverage
Current ratio	0	—	—	2.32	3.42	1.89	3.95	—
Debt to EBITDA	—	—	0	—	0.04	0.01	0.01	—
Debt to equity	—	—	0	0	0	0	0	—
Interest coverage	—	152.3	93	-210.8	445.5	796.5	1,411	1,325.3
Asset turnover	0.87	—	0.94	0.3	0.63	0.88	0.81	—
Return ratios
Return on assets %	2.8%	—	3.6%	-7%	5.9%	15.8%	17.5%	—
Return on capital employed %	6.4%	—	3.6%	-10.8%	9.3%	28.6%	30.5%	—
Return on equity %	3.8%	—	3.8%	-8.5%	7%	19.5%	21%	—

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
	88.39%	88.39%	88.39%	88.39%	88.39%	88.39%	88.39%	88.39%	88.39%	88.39%	88.39%	88.39%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	11.61%	11.61%	11.61%	11.61%	11.61%	11.61%	11.61%	11.61%	11.61%	11.61%	11.61%	11.61%
No. of shareholders	—	—	—	—	—	—	—	—	1,227	1,197	1,234	1,224

Promoter holding up 0 percentage points since Sep 2023.

Mr. BISHESHWAR PRASAD SINGHNon-Executive - Independent Director-Chairperson-Shareholder Director
Mr. APURV KUMARExecutive Director-MD
Mr. RUPAK GUPTAExecutive Director-MD
Mrs. SUPRIYA GUPTANon-Executive - Non Independent Director
Mr. SHANKAR AGGARWALNon-Executive - Independent Director-Shareholder Director
Mr. ARJUN KUMARNon-Executive - Non Independent Director
Prakash Chandra PrustyCompany 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 UP Hotels Ltd. 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.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

1 Oct 2026, 1:34 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 4:06 pmAGM/EGM

Proceedings Of 65Th Annual General Meeting Of The Company

AGM PDF

21 Sept 2026, 12:14 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

16 Sept 2026, 1:00 pmAGM/EGM

Newspaper Publication - Dispatch Of Postal Ballot Notice - Voluntary Delisting

Postal Ballot PDF

14 Sept 2026, 10:09 amAGM/EGM

Intimation And Submission Of Notice Of Postal Ballot

Postal Ballot PDF

7 Sept 2026, 12:06 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting - Matters Related To Voluntary Delisting Process Including Postal Ballot Process - Cut-Off Date Thereof

Outcome of Board Meeting PDF

3 Sept 2026, 4:02 pmCompany Update

Newspaper Publication - Dispatch Of Notice Of Annual General Meeting/ Annual Report, Record Date And Other Related Information - F.Y. 2025-2026

General PDF

3 Sept 2026, 3:46 pmAGM/EGM

Intimation - QR Code For Accessing AGM Notice & Annual Report - Shareholders Not Registered Their Email Addresses

AGM PDF

Date	Category	Subject	Filing
1 Oct 2026, 1:34 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 4:06 pm	AGM/EGM AGM	Proceedings Of 65Th Annual General Meeting Of The Company

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Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	84.6%	83.5%	85.3%	86.2%	—
EBITDA margin %	8.3%	10.9%	5.6%	-20.2%	17.5%	27.2%	30.7%	27.6%
EBIT margin %	1.1%	4.3%	-1.5%	-39.9%	8.6%	21.5%	25.3%	21.9%
PAT margin %	3.2%	6.2%	3.8%	-23.4%	9.4%	17.9%	21.7%	19.4%
Working capital
Receivable days	32	—	0	31	20	18	19	—
Inventory days	12	—	0	145	70	40	50	—
Payable days	—	—	0	441	169	113	99	—
NWC days	—	—	0	-265	-79	-55	-30	—
Leverage
Current ratio	0	—	—	2.32	3.42	1.89	3.95	—
Debt to EBITDA	—	—	0	—	0.04	0.01	0.01	—
Debt to equity	—	—	0	0	0	0	0	—
Interest coverage	—	152.3	93	-210.8	445.5	796.5	1,411	1,325.3
Asset turnover	0.87	—	0.94	0.3	0.63	0.88	0.81	—
Return ratios
Return on assets %	2.8%	—	3.6%	-7%	5.9%	15.8%	17.5%	—
Return on capital employed %	6.4%	—	3.6%	-10.8%	9.3%	28.6%	30.5%	—
Return on equity %	3.8%	—	3.8%	-8.5%	7%	19.5%	21%	—

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

UP Hotels Ltd

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

Announcements

Not in the F&O segment

No fund holdings on record

7

1

Compounded sales growth

Compounded profit growth

Return on equity

Announcements

Annual reports

UP Hotels Ltd

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

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends7

Board meetings1

Quarterly record

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Announcements

Annual reports

7

1