Byke Hospitality Ltd. (BYKE) AI Stock Analysis

• Market Cap: ₹2.08B
• Dividend Yield: N/A
• Average Volume (3M): 11.04K
• Price to Earnings (P/E): 41.8
• Beta (1Y): 1.38
• Revenue Growth: 18.81%
• EPS Growth: -26.71%
• Country: IN
• Employees: 900
• Sector: Services
• Sector Strength: N/A
• Industry: Travel Lodging
• EPS (TTM): 0.30
• Shares Outstanding: 52,279,300
• 10 Day Avg. Volume: 10,274
• 30 Day Avg. Volume: 11,036
• PEG Ratio: -2.02
• Price to Book (P/B): 1.52
• Price to Sales (P/S): 3.53
• P/FCF Ratio: -88.11
• 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: 56 Neutral
• Price Target: ₹41.00 ▼(-28.11% Downside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

Overall score is held back primarily by weak technicals (price below key moving averages with negative MACD and strong downside momentum) and a high P/E. Financial performance is moderate, supported by balance-sheet stability but constrained by volatile profitability and inconsistent free cash flow.

Positive Factors

Balance sheet stability

A stable equity base and good equity ratio provide a durable financial cushion against hospitality cyclicality, enabling the company to fund operations and selective investments without immediate equity raises. This structural strength supports multi-month resilience and credit access.

Stable gross margins

Relatively stable, strong gross margins imply persistent pricing power or effective cost control across properties. That margin resilience supports long-term cash generation even when demand fluctuates, preserving core profitability before fixed overheads.

Positive revenue growth

A mid-teens revenue growth rate indicates demand recovery and expansion of room nights or ancillary sales. Sustained top-line growth enhances scale economics for the lodging portfolio, improving occupancy leverage and the ability to cover fixed costs over coming months.

Negative Factors

Volatile net profitability

Material swings in net profit margin reduce retained earnings and make earnings forecasts unreliable. Persistent volatility undermines reinvestment capacity and investor confidence, and can magnify stress if revenues soften, limiting strategic options over the medium term.

Inconsistent free cash flow

Intermittent or negative free cash flow constrains the firm's ability to fund capex, service debt, or return capital. With hospitality requiring steady upkeep capex, FCF volatility raises liquidity risk and could force external financing under adverse conditions.

Rising total debt

Increasing leverage narrows financial flexibility and raises interest and rollover risks. Combined with volatile profits and FCF, higher debt levels increase the chance of covenant pressure or constrained investment capacity if operating conditions weaken over the next several months.

Byke Hospitality Ltd. Business Overview & Revenue Model

Company Description

The Byke Hospitality Limited owns, operates, and manages hotels and resorts in India. It operates 16 properties under the 'The Byke' brand. The company was incorporated in 1990 and is based in Mumbai, India.

How the Company Makes Money

Byke Hospitality Ltd. generates revenue through multiple streams, primarily from room bookings, food and beverage sales, and event management services. The company’s core revenue comes from its hotel operations, where it charges guests for accommodations. Additionally, Byke earns income from on-site dining facilities, catering services, and hosting events such as weddings and corporate meetings. The company often engages in strategic partnerships with travel agencies and online travel platforms to enhance its visibility and booking capabilities, which further contributes to its earnings. Seasonal promotions and loyalty programs also play a role in attracting repeat customers and boosting revenue.

Byke Hospitality Ltd. Financial Statement Overview

Summary

Financials are mixed: relatively stable gross margins and a solid balance sheet (reasonable leverage, good equity ratio) are offset by volatile net profitability and inconsistent/occasionally negative free cash flow, which raises liquidity and execution risk.

Income Statement

Byke Hospitality Ltd. has shown a mixed performance in its income statement. The revenue growth rate has been inconsistent, with a decrease from 2020 to 2021, followed by a recovery and subsequent fluctuations. The gross profit margin has been relatively stable and strong, indicating efficient cost management. However, the net profit margin has been volatile, with periods of net losses, reflecting challenges in overall profitability. The EBIT and EBITDA margins have also shown variability, which could suggest operational inefficiencies or external pressures affecting the travel lodging industry.

Balance Sheet

The company's balance sheet indicates a stable equity base, with a good equity ratio suggesting financial stability. The debt-to-equity ratio is reasonable, indicating a balanced approach to leveraging debt for growth. However, there has been an increase in total debt over the years, which could pose a risk if not managed properly. Return on equity has fluctuated, reflecting the inconsistency in net income performance. Overall, the balance sheet portrays a solid foundation, albeit with caution regarding rising debt levels.

Cash Flow

Cash flow analysis reveals some concerns, with inconsistent free cash flow growth and periods of negative free cash flow. The operating cash flow to net income ratio shows that operational cash generation has generally been sufficient to cover net income, but the free cash flow to net income ratio has been weaker, indicating challenges in covering capital expenditures and other investments. The volatility in cash flows may suggest potential liquidity risks that need to be addressed to ensure financial flexibility.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.04B	966.40M	838.59M	1.14B	932.89M	656.07M
Gross Profit	722.36M	656.42M	166.03M	244.44M	82.51M	368.95M
EBITDA	455.02M	393.43M	364.24M	408.83M	241.61M	150.88M
Net Income	52.65M	45.95M	56.47M	22.89M	-128.23M	-182.38M
Balance Sheet
Total Assets	3.38B	3.23B	2.67B	2.47B	2.63B	2.63B
Cash, Cash Equivalents and Short-Term Investments	350.80M	421.48M	217.43M	20.98M	51.04M	32.95M
Total Debt	1.03B	914.44M	589.29M	811.48M	966.69M	803.76M
Total Liabilities	1.10B	987.61M	647.81M	873.62M	1.06B	934.71M
Stockholders Equity	2.28B	2.25B	2.02B	1.60B	1.57B	1.70B
Cash Flow
Free Cash Flow	61.96M	-38.72M	132.35M	191.54M	156.71M	36.99M
Operating Cash Flow	163.75M	95.86M	208.25M	606.70M	173.00M	129.70M
Investing Cash Flow	-44.54M	-70.75M	-230.67M	-404.85M	-4.61M	-75.41M
Financing Cash Flow	-138.66M	-42.23M	68.75M	-231.91M	-150.30M	-51.11M

Byke Hospitality Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 57.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BYKE, the sentiment is Negative. The current price of 57.03 is above the 20-day moving average (MA) of 45.18, above the 50-day MA of 49.54, and below the 200-day MA of 65.69, indicating a bearish trend. The MACD of -3.04 indicates Positive momentum. The RSI at 24.74 is Positive, neither overbought nor oversold. The STOCH value of 20.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BYKE.

Byke Hospitality Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADVANIHOTR	72 Outperform	₹4.80B	12.58	―	3.31%	0.14%	7.90%
APOLSINHOT	64 Neutral	₹2.97B	103.91	―	0.20%	6.26%	20.82%
KAMATHOTEL	61 Neutral	₹5.61B	10.10	―	―	9.52%	-39.66%
ROHLTD	61 Neutral	₹9.20B	31.71	―	0.61%	10.77%	-4.40%
SINCLAIR	59 Neutral	₹3.67B	18.56	―	0.94%	-0.10%	-54.46%
BYKE	56 Neutral	₹2.08B	41.80	―	―	18.81%	-26.71%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%