Byke Hospitality Ltd. (BYKE) AI Stock Analysis

• Market Cap: ₹1.69B
• Dividend Yield: N/A
• Average Volume (3M): 11.04K
• Price to Earnings (P/E): 41.8
• Beta (1Y): 1.39
• 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: 54 Neutral
• Price Target: ₹33.00 ▼(-42.14% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is held back primarily by weak technicals (price below all key moving averages with negative MACD) and a demanding valuation (high P/E with no dividend yield provided). Financial performance is mid-range, supported by balance-sheet stability but limited by volatile profitability and inconsistent free cash flow.

Positive Factors

Balance sheet stability

A stable equity base and healthy equity ratio provide durable financial flexibility for capital expenditure, renovations and seasonal working capital. That foundation makes the hotel portfolio more resilient to cyclical travel demand and supports medium‑term investment without immediate reliance on volatile external funding.

Gross margin durability

Consistently strong gross margins indicate efficient property-level cost control and pricing power on room and F&B offerings. Durable gross margin performance cushions operating profits against demand swings and helps preserve cash generation even when net margins vary due to SG&A or financing costs.

Revenue growth and diversified income

A positive revenue growth trend (~13.8%) combined with a business model that earns from room nights plus on‑site F&B and events creates multiple cash streams. This diversification reduces reliance on a single demand source and supports steadier occupancy and on‑property spend across leisure and business cycles.

Negative Factors

Inconsistent free cash flow

Volatile and sometimes negative free cash flow weakens the company's ability to self‑fund maintenance and upgrades. Over time this forces greater dependence on external financing, raises the cost of capital and constrains timing of property investments, increasing medium‑term liquidity risk.

Volatile net profitability

Intermittent net losses and uneven revenue trends create unpredictable earnings and fluctuating returns on equity. That volatility complicates strategic planning, reduces retained earnings for reinvestment, and increases sensitivity to any demand downturn in the cyclical lodging industry over the next several months.

Rising leverage

An upward trend in total debt raises leverage and interest‑service obligations. In a cyclical sector with uneven cash flows, higher indebtedness magnifies refinancing and rate risks and can limit flexibility to pursue capex or weather slower demand periods without impairing credit metrics.

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. primarily makes money by selling room nights (hotel accommodation) across its owned/operated properties. Additional revenue is typically generated through on-property ancillary services such as food and beverage (restaurants, banquets, events/catering) and other guest services offered at the hotels and resorts. The company’s earnings are therefore driven mainly by occupancy levels, average room rates, the mix of leisure vs. corporate demand, seasonal travel patterns, and on-site spending by guests. Specific details on material partnerships, franchise/management-fee structures, or the split of revenue by segment are null.

Byke Hospitality Ltd. Financial Statement Overview

Summary

Overall fundamentals are mixed: a stable gross margin and a reasonably solid balance sheet are offset by volatile net profitability and uneven cash generation, including periods of negative free cash flow.

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: Positive

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 40.59, above the 50-day MA of 47.46, and below the 200-day MA of 63.84, indicating a bearish trend. The MACD of -4.13 indicates Positive momentum. The RSI at 19.53 is Positive, neither overbought nor oversold. The STOCH value of 7.87 is Positive, 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	₹4.77B	12.58	―	3.31%	0.14%	7.90%
APOLSINHOT	64 Neutral	₹2.82B	103.91	―	0.20%	6.26%	20.82%
KAMATHOTEL	61 Neutral	₹5.31B	10.10	―	―	9.52%	-39.66%
ROHLTD	61 Neutral	₹8.78B	31.71	―	0.61%	10.77%	-4.40%
SINCLAIR	59 Neutral	₹3.85B	18.56	―	0.94%	-0.10%	-54.46%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BYKE	54 Neutral	₹1.69B	41.80	―	―	18.81%	-26.71%