Asian Hotels (North) Limited (ASIANHOTNR) AI Stock Analysis

• Market Cap: ₹5.91B
• Dividend Yield: N/A
• Average Volume (3M): 1.79K
• Price to Earnings (P/E): 3.2
• Beta (1Y): 0.78
• Revenue Growth: 8.18%
• EPS Growth: N/A
• Country: IN
• Employees: 785
• Sector: Services
• Sector Strength: N/A
• Industry: Travel Lodging
• EPS (TTM): -32.66
• Shares Outstanding: 19,453,228
• 10 Day Avg. Volume: 1,024
• 30 Day Avg. Volume: 1,795
• PEG Ratio: -0.01
• Price to Book (P/B): 2.70
• Price to Sales (P/S): 2.23
• P/FCF Ratio: 2.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹343.00 ▲(7.91% Upside)

The score is driven primarily by improved financial performance (stronger profitability, reduced leverage, and stronger free cash flow) and an attractive low P/E valuation. These positives are tempered by weak technical positioning, with the stock trading below key moving averages and a negative MACD indicating limited near-term momentum.

Positive Factors

Revenue Growth

Consistent revenue growth indicates the company's ability to expand its market presence and enhance its service offerings, supporting long-term business sustainability.

Profitability

The significant improvement in net margin reflects enhanced cost management and pricing strategies, contributing to long-term financial health and competitive positioning.

Cash Flow Generation

Strong free cash flow growth enhances financial flexibility, allowing for strategic investments and debt reduction, supporting sustainable growth.

Negative Factors

Equity Ratio

A moderate equity ratio suggests limited equity financing, which may constrain the company's ability to leverage growth opportunities without increasing debt.

Operational Improvement

Steady EBIT margin indicates limited operational efficiency gains, potentially impacting the company's ability to enhance profitability further.

Leverage

While leverage improved, the moderate equity ratio indicates potential vulnerability to financial stress, affecting long-term stability.

Asian Hotels (North) Limited Business Overview & Revenue Model

Company Description

Asian Hotels (North) Limited engages in the hospitality/hotel business in India. The company owns and operates Hyatt Regency Delhi, a five-star deluxe hotel, which includes 507 rooms and suites, a spa, a unisex salon, a fitness center, restaurants, bars, and an outdoor swimming pool in New Delhi. It also operates two wind turbine generators in Maharashtra. In addition, the company provides offshore project consultancy services; and develops villa hotel complex, including residential villas and a golf course in Goa. Asian Hotels (North) Limited was incorporated in 1980 and is based in New Delhi, India.

How the Company Makes Money

The company generates revenue primarily through room bookings, food and beverage services, and event hosting. Key revenue streams include daily room rates from guests, catering services for events and conferences, and partnerships with travel agencies and corporate clients for bulk bookings. Additionally, Asian Hotels (North) Limited benefits from brand affiliations with international hotel chains, which enhance its visibility and attract a wider customer base. Seasonal promotions and loyalty programs also contribute to repeat business and increased occupancy rates.

Asian Hotels (North) Limited Financial Statement Overview

Summary

Financial statements show meaningful improvement: revenue grew 6.7% (2024 to 2025), profitability strengthened with gross margin at 57.4% and a sharp net margin turnaround to 58.8%. Leverage improved via a better debt-to-equity position, and free cash flow increased significantly with healthy cash conversion, though the equity ratio remains moderate (17.0%).

Income Statement

The company demonstrated robust revenue growth with a significant increase of 6.7% from 2024 to 2025. The gross profit margin increased to 57.4%, indicating strong profitability. The net profit margin turnaround from a negative figure in 2024 to a positive 58.8% in 2025 showcases a significant improvement in net income generation. However, the EBIT margin was steady, suggesting controlled operational improvement. Overall, the income statement indicates a positive growth trajectory with enhanced profitability.

Balance Sheet

The debt-to-equity ratio improved considerably from 2024 to 2025, reflecting reduced leverage and a stronger equity base. The return on equity rose dramatically due to the shift from negative to positive net income, indicating efficient use of equity. The equity ratio, however, remains moderate at 17.0%, suggesting room for further strengthening. The overall balance sheet suggests improved financial stability, though with a need for higher equity levels.

Cash Flow

The company achieved a strong free cash flow growth rate, with free cash flow increasing significantly in 2025. The operating cash flow to net income ratio suggests healthy cash generation relative to net income. The free cash flow to net income ratio also supports a positive cash flow outlook. Overall, the cash flow statement reflects robust cash generation and improved financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.26B	3.18B	2.98B	2.56B	1.31B	725.83M
Gross Profit	2.02B	1.83B	1.96B	1.66B	617.70M	199.94M
EBITDA	3.89B	3.88B	569.10M	468.29M	-9.20M	-159.84M
Net Income	1.99B	1.87B	-874.97M	-848.21M	-1.25B	-6.95B
Balance Sheet
Total Assets	0.00	15.44B	17.03B	15.73B	15.56B	20.03B
Cash, Cash Equivalents and Short-Term Investments	544.85M	618.18M	1.63B	189.11M	14.10M	12.32M
Total Debt	0.00	5.50B	10.52B	10.82B	10.68B	12.65B
Total Liabilities	-2.62B	12.82B	16.28B	14.10B	13.20B	15.49B
Stockholders Equity	2.62B	2.62B	749.04M	1.62B	2.47B	4.28B
Cash Flow
Free Cash Flow	0.00	2.68B	725.00M	420.40M	139.31M	392.55M
Operating Cash Flow	0.00	2.74B	725.00M	429.16M	147.00M	408.85M
Investing Cash Flow	0.00	-55.83M	1.68M	37.28M	-31.27M	12.40M
Financing Cash Flow	0.00	-2.68B	-381.61M	-291.44M	-111.39M	-429.93M

Asian Hotels (North) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 317.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASIANHOTNR, the sentiment is Negative. The current price of 317.85 is above the 20-day moving average (MA) of 315.16, below the 50-day MA of 320.25, and below the 200-day MA of 338.95, indicating a bearish trend. The MACD of -4.85 indicates Positive momentum. The RSI at 39.32 is Neutral, neither overbought nor oversold. The STOCH value of 13.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASIANHOTNR.

Asian Hotels (North) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASIANHOTNR	66 Neutral	₹5.91B	3.15	―	―	8.18%	―
ASPINWALL	63 Neutral	₹1.65B	24.98	―	2.79%	9.72%	-57.95%
ROHLTD	61 Neutral	₹9.84B	21.32	―	0.61%	10.77%	-4.40%
SINCLAIR	59 Neutral	₹3.94B	43.56	―	0.94%	-0.10%	-54.46%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
AHLEAST	53 Neutral	₹2.33B	168.63	―	0.74%	6.51%	-94.16%
AHLWEST	49 Neutral	₹1.65B	―	―	―	―	―

Asian Hotels (North) Limited Corporate Events

Asian Hotels (North) Discloses ₹770 Crore Loan Defaults to Banks

Asian Hotels (North) Limited, a listed hospitality company operating hotel assets in India, trades on BSE and NSE under the symbol ASIANHOTNR. The company has disclosed that as of December 31, 2025, it has total financial indebtedness of ₹770.12 crore to banks and financial institutions, all of which is in default on interest and/or principal repayment, while confirming it has no outstanding or defaulted unlisted debt securities; the disclosure, made in compliance with SEBI’s revised default reporting norms, underscores the extent of its stressed leverage position and is a material signal for lenders and equity investors monitoring its financial health and potential restructuring needs.

Asian Hotels (North) Limited Appoints New Independent Director

Asian Hotels (North) Limited has announced the appointment of Ms. Karishma Kaur Gill as a Non-Executive Independent Director, effective December 16, 2025. This appointment is based on the recommendations of the Nomination and Remuneration Committee and is subject to shareholder approval within three months. Ms. Gill, who holds a diploma in Business Analysis and has experience as a Public Relations Manager, will serve a one-year term. Her appointment aligns with the company’s compliance with the Companies Act, 2013, and the SEBI Listing Regulations, potentially enhancing the board’s diversity and expertise.

Asian Hotels (North) Limited Concludes EGM with Successful Resolutions

Asian Hotels (North) Limited held its Extraordinary General Meeting (EGM) on November 8, 2025, via video conferencing, where two resolutions were passed with the requisite majority. The meeting was attended by key directors and shareholders, and the results, along with the scrutinizer’s report, have been made available on the company’s website. This meeting reflects the company’s adherence to regulatory compliance and its commitment to transparent shareholder engagement.

Asian Hotels (North) Limited Secures Investment from Elana Holdings

Asian Hotels (North) Limited has announced the execution of a Definitive Share Subscription Agreement with Elana Holdings Pte. Ltd., a Singapore-based investor. This agreement involves Elana Holdings subscribing to 23,180,000 equity shares at a price of Rs. 330 each, which will be used to pay off the company’s outstanding loans. The investor will not have any control over the company or be part of the promoter group, ensuring no changes in the company’s board or capital structure.