Lemon Tree Hotels Ltd
LEMONTREELemon Tree Hotels Ltd
LEMONTREEPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
BadThe stock is in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
72.98 | 7.17 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
39.71 | 6.90 | 0.71% |
Forecast & Ratings
Detailed Forecast from 13 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Lemon Tree Hotels operates a chain of upscale business and leisure hotels
Investor Presentation
View olderÂPeers
Compare with peersÂIndian Hotels Company Ltd
EIH Ltd
Chalet Hotels Ltd
Juniper Hotels Ltd
Mahindra Holidays and Resorts India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 373.84 | 423.87 | 497.40 | 564.82 | 680.31 | 273.71 | 424.27 | 884.61 | 1,084.31 | 1,175.86 | ||||||||||
Raw Materials | 31.50 | 31.86 | 40.08 | 45.51 | 52.62 | 17.14 | 26.47 | 0.00 | 0.00 | 611.52 | ||||||||||
Power & Fuel Cost | 37.02 | 38.41 | 48.46 | 52.70 | 61.34 | 32.74 | 43.75 | 68.71 | 78.05 | |||||||||||
Employee Cost | 85.49 | 96.89 | 109.57 | 120.53 | 155.32 | 70.39 | 97.32 | 149.73 | 187.75 | |||||||||||
Selling & Administrative Expenses | 62.13 | 79.73 | 98.80 | 100.84 | 94.02 | 49.14 | 79.13 | 95.90 | 125.99 | |||||||||||
Operating & Other expenses | 52.33 | 48.73 | 51.17 | 61.16 | 65.38 | 25.03 | 36.91 | 113.08 | 156.09 | |||||||||||
EBITDA | 105.37 | 128.25 | 149.32 | 184.08 | 251.63 | 79.27 | 140.69 | 457.19 | 536.43 | 564.34 | ||||||||||
Depreciation/Amortization | 52.26 | 51.01 | 52.62 | 54.11 | 92.25 | 107.55 | 104.35 | 96.60 | 112.13 | 136.08 | ||||||||||
PBIT | 53.11 | 77.24 | 96.70 | 129.97 | 159.38 | -28.28 | 36.34 | 360.59 | 424.30 | 428.26 | ||||||||||
Interest & Other Items | 72.02 | 77.57 | 78.37 | 84.70 | 161.56 | 190.46 | 180.94 | 182.35 | 208.47 | 209.22 | ||||||||||
PBT | -18.91 | -0.33 | 18.33 | 45.27 | -2.18 | -218.74 | -144.60 | 178.24 | 215.83 | 219.04 | ||||||||||
Taxes & Other Items | 7.99 | 5.84 | 4.14 | -7.61 | 7.36 | -91.68 | -57.16 | 63.68 | 67.35 | 67.22 | ||||||||||
Net Income | -26.90 | -6.17 | 14.19 | 52.88 | -9.54 | -127.06 | -87.44 | 114.56 | 148.48 | 151.82 | ||||||||||
EPS | -0.35 | -0.08 | 0.18 | 0.67 | -0.12 | -1.61 | -1.11 | 1.45 | 1.88 | 1.92 | ||||||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
Consumer DiscretionaryHotels, Resorts & Cruise Lines
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Lemon Tree Hotels Ltd | 74.63 | 7.17 | — |
Indian Hotels Company Ltd | 94.80 | 11.78 | 0.21% |
EIH Ltd | 39.70 | 6.21 | 0.30% |
Chalet Hotels Ltd | 72.39 | 9.82 | — |
Price Comparison
Compare LEMONTREE with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.91%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 5.86%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 3.59%
Top 5 Mutual Funds holding Lemon Tree Hotels Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 5.8928% | Percentage of the fund’s portfolio invested in the stock 1.96% | Change in the portfolio weight of the stock over the last 3 months -0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 17/61 (0) |
Franklin India Smaller Companies Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.8254% | Percentage of the fund’s portfolio invested in the stock 1.44% | Change in the portfolio weight of the stock over the last 3 months 0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 17/101 (0) |
Nippon India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.5360% | Percentage of the fund’s portfolio invested in the stock 0.28% | Change in the portfolio weight of the stock over the last 3 months -0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 174/234 (-82) |
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smallcases
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Events
Dividend Trend
No Dividends
LEMONTREE has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and is expected to open in FY 2028. Lemon Tree Hotel, Mirik, West Bengal, will feature 50 well-appointed rooms, a restaurant, a bar, a meeting room, a banquet, a swimming pool, a fitness centre, and other public areas. Vilas Pawar, CEO, managed & franchise business, Lemon Tree Hotels, said, 'We are thrilled to announce our further expansion in West Bengal. This new addition will complement our two existing and one upcoming property in the state, reinforcing our dedication to delivering exceptional hospitality and unforgettable experiences across the country.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company's consolidated net profit jumped 32.79% to Rs 35.03 crore on a 23.96% increase in revenue from operations to Rs 284.36 crore in Q2 FY25 over Q2 FY24. Shares of Lemon Tree Hotels fell 1.31% to Rs 139.25 on the BSE.Powered by Capital Market - Live
The company has received LoA from Directorate of Tourism Shillong, Government of Meghalaya under design, build, finance, operate and transfer mode on public private partnership. In terms of the above LoA, the company shall designate a special purpose vehicle (SPV) as concessionaire, which may be a joint venture (JV) subject to the approval of board of directors. The said hotel is proposed to be branded as Aurika, Shillong and is expected to be operational within the next 3 years. This Hotel will feature around 120 well-appointed rooms, a restaurant, a bar, a fitness center, banquet facilities, spa and other public areas. The concession period shall be 45 Years from the appointed date which includes three years for construction/development. Patanjali G. Keswani, chairman and managing director, Lemon Tree Hotels, said, 'We are delighted to have received this Letter of Award from the Government of Meghalaya, to redevelop and operate an iconic property in the beautiful city of Shillong. We will be redeveloping the hotel in line with the standards of our upscale Aurika brand, and relaunching it as Aurika, Shillong.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company's consolidated net profit jumped 32.79% to Rs 35.03 crore on 23.96% increase in revenue from operations to Rs 284.36 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
Lemon Tree Hotels has received a letter of Award (LOA) from Government of Meghalaya, Directorate of Tourism Shillong for Re-development, Operations and Maintenance, of Orchid Hotel, located at Shillong City, Meghalaya under Design, Build, Finance, Operate and Transfer mode on Public Private Partnership. The above hotel is proposed to be branded as Aurika, Shillong and is expected to be operational within the next 3 years. This Hotel will feature ~ 120 well-appointed rooms, a restaurant, a bar, a fitness center, banquet facilities, spa and other public areas. In terms of the above LoA, the Company shall designate a Special Purpose Vehicle as Concessionaire, which may be a Joint Venture subject to the approval of Board of Directors, for the purpose of executing the concession agreement between the Concessionaire and the Authority and to implement the project in accordance with the provisions of the said agreement. Powered by Capital Market - Live
Both properties shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. The hotel in Mussoorie is expected to open in FY26 and the Varanasi one will become operational by FY28. This hotel will feature 47 well-appointed rooms, a restaurant, a rooftop lounge, a banquet, a meeting room, a swimming pool, a fitness center, and other public areas. The hotel is also well connected by road, making it accessible by both public and private transport. Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, We are thrilled to announce two signings that expand our presence in neighbouring states. While Uttarakhand has nine operational and six upcoming properties, Uttar Pradesh has seven operational and eight upcoming hotels across the state. The signings testify to our dedication to providing exceptional hospitality and unforgettable experiences in two of India's most vibrant destinations.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. Shares of Lemon Tree Hotels rose 0.65% to Rs 131.45 on the BSE. Powered by Capital Market - Live
Lemon Tree Hotels announced that a Termination Agreement (hotel operation and license) has been executed between STOA Hospitality (Owner); Carnation Hotels (Operator) and Lemon Tree Hotels (Licensor) on 26 November 2024. The termination as per the said agreement will come into effect from 15 January 2025. Termination of the agreement has no significant impact on the Net worth of the Company. Powered by Capital Market - Live
Profit before tax (PBT) increased 29.2% to Rs 45.26 crore during the quarter as compared with Rs 35.03 crore in Q2 FY24. EBITDA stood at Rs 131.2 crore in Q2 FY25, up 25.19% as compared with Rs 104.8 crore posted in corresponding quarter last year. EBITDA margin stood at 46.1% in Q2 FY25 as against 45.5% in Q2 FY24. During the quarter, gross ARR (average revenue per room) increased 12.03% YoY to Rs 5,902 crore during the quarter while occupancy rate declined to 68.4% in Q2 FY25 as against 71.7% in Q2 FY24. RevPAR (revenue per available room) jumped 7% to Rs 4,035 crore in Q2 FY25 as compared with Rs 3,770 crore in Q2 FY24. Patanjali Keswani, chairman & managing director, Lemon Tree Hotels, said, 'In Q2 FY25, if we exclude the increase in renovation expenses of Rs 8 crore (above that spent last year), in Q2 our Net EBITDA margin would be 48.9%, a 340 bps increase Y-o-Y. With demand growth expected to exceed supply growth in the next few years accompanied by the structural tailwinds in discretionary consumption of branded rooms that India is starting to witness, our increased investment in renovation will allow us to better position our hotels going forward to capture superior pricing and position Lemon Tree as the brand of choice in the mid-market segment. Fees from management & franchised contracts for 3rd party owned hotels stood at Rs 13.4 crore in Q2 FY25 which increased by 28% Y-o-Y. Fees from Fleur Hotels stood at Rs 18.4 crore in Q2 FY25 which increased by 35% Y-o-Y. Total management fees for Lemon Tree stood at Rs 31.8 crore in Q2 FY25 which increased by 32% Y-o-Y. Our debt decreased by Rs 90 crore from Rs 1,912.6 crore as of 30th September 2023 to Rs 1,822.6 crore as of 30th September 2024. Cash profit for the company stood at Rs 69.8 crore in Q2 FY25 which increased by 43% Y-o-Y. During the quarter, we signed 19 new management & franchise contracts which added 1,373 new rooms to our pipeline and operationalized 5 hotels which added 193 rooms to our portfolio. As of 30th September, 2024 the inventory for the group stands at 112 operational hotels with 10,318 rooms, and a pipeline of 75 hotels with 5,220 rooms.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The counter jumped 2.70% to settle at Rs 121.50 on Thursday, 14 November 2024.Powered by Capital Market - Live
Net profit of Lemon Tree Hotels rose 30.86% to Rs 29.64 crore in the quarter ended September 2024 as against Rs 22.65 crore during the previous quarter ended September 2023. Sales rose 25.16% to Rs 284.37 crore in the quarter ended September 2024 as against Rs 227.20 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales284.37227.20 25 OPM %45.9844.84 - PBDT80.0457.64 39 PBT45.2635.04 29 NP29.6422.65 31 Powered by Capital Market - Live
Lemon Tree Hotels will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live
The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2028. This hotel will feature 60 well-appointed rooms, a restaurant, a banquet hall, a meeting room, a swimming pool, a spa and other public areas. The hotel is also well-connected by road, making it accessible by both public and private transport. Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, We are excited to announce our further expansion in Maharashtra. This new addition will complement our twelve existing and four upcoming properties in the state, further enhancing our commitment to providing exceptional hospitality and experiences in this beautiful region.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. Shares of Lemon Tree Hotels shed 0.38% to end at Rs 130.25 on Wednesday, 12 September 2024. The scrip rose 0.13% to close at Rs 115.55 on Wednesday, 23 October 2024.Powered by Capital Market - Live
The domestic equity indices traded with significant losses in early afternoon trade. The Nifty tanked below the 24,650 mark after the hitting day's high of 24,882 in morning trade. Metal shares extended losses for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, was down 393.84 points or 0.49% to 80,757.43. The Nifty 50 index fell 141.30 points or 0.57% to 24,639.80. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 1.57% and the S&P BSE Small-Cap index tumbled 2.73%. The market breadth was weak. On the BSE, 676 shares rose and 3,136 shares fell. A total of 105 shares were unchanged. Economy: According to the RBI article, findings on monetary policy transmission in India suggest that monetary policy changes affect short term interest rates more than long-term rates. RBI in this article examines the impact of the monetary policy tightening that was undertaken since May 2022 in India. While anticipated policy changes do not have any instantaneous impact on long-term rates, policy 'surprises' significantly impact all market segments and across tenors. Policy signals tend to wane, however, beyond the three-year tenure, the paper noted. Policy 'surprises' are found to have a relatively lower but significant pass-through to the exchange rate and equity prices. In terms of the impact of the policy rate tightening on the real economy, a significant negative impact on inflation expectations is observed. The long-run elasticity of the policy rate with respect to inflation expectation reveals that an increase in policy rate anchors expectations effectively. As per the article, the macroeconomic impact of monetary policy on aggregate demand and inflation indicate that the 250 basis points increase since May 2022 has negatively contributed to aggregate demand and headline inflation by 160 bps each till Q2:2024-25, working through various channels of policy transmission. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.29% to 13.32. The Nifty 31 October 2024 futures were trading at 24,731.90, at a premium of 92.1 points as compared with the spot at 24,639.80. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 57.2 lakh contracts at the 26,000 strike price. Maximum Put OI of 44.2 lakh contracts were seen at 24,500 strike price. Buzzing Index: The Nifty Metal index fell 1.67% to 9,446.30. The index declined 3.15% in the two trading session. Jindal Stainless (down 5.26%), Hindustan Copper (down 2.94%), Ratnamani Metals & Tubes (down 2.56%), NMDC (down 2.42%), Jindal Steel & Power (down 2.04%), Adani Enterprises (down 2.04%), Tata Steel (down 1.88%), Steel Authority of India (down 1.83%), Welspun Corp (down 1.62%) and National Aluminium Company (down 1.47%) edged lower. Stocks in Spotlight : Lemon Tree Hotels slipped 3.49%. The company announced the signing of a new property in Kalaburagi, Karnataka. The hotel, to be managed by Carnation Hotels, is expected to open in fiscal year 2027. Mahindra Logistics declined 4.07%. The company's consolidated net loss narrowed to Rs 10.75 crore in Q2 FY25 as against a net loss of Rs 15.93 crore posted in Q2 FY24. Revenue from operations grew by 11.45% to Rs 1,521.10 crore in Q2 FY25 as compared to Rs 1,364.76 crore recorded in Q2 FY24. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.93%, vs industry avg of 5.48%
Increasing Market Share
Over the last 5 years, market share increased from 3.53% to 4.86%