EIH Associated Hotels Limited (EIHAHOTELS) AI Stock Analysis

• Market Cap: ₹18.35B
• Dividend Yield: 0.98%
• Average Volume (3M): 856.00
• Price to Earnings (P/E): 13.5
• Beta (1Y): 1.02
• Revenue Growth: 1.40%
• EPS Growth: 18.39%
• Country: IN
• Employees: 423
• Sector: Services
• Sector Strength: N/A
• Industry: Travel Lodging
• EPS (TTM): 6.66
• Shares Outstanding: 60,936,295
• 10 Day Avg. Volume: 823
• 30 Day Avg. Volume: 856
• PEG Ratio: 1.74
• Price to Book (P/B): 3.97
• Price to Sales (P/S): 5.22
• P/FCF Ratio: 25.46
• 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: 75 Outperform
• Price Target: ₹339.00 ▼(-11.28% Downside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

EIH Associated Hotels Limited demonstrates strong financial performance with impressive growth and profitability metrics, which is the most significant factor in its overall score. Technical analysis presents a mixed outlook, with some bearish signals, while valuation metrics suggest the stock is fairly valued. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Free cash flow generation

Sustained growth in free cash flow and a strong operating cash flow to net income ratio indicate the business can fund operations, maintenance capex and selective reinvestment from internal cash. This durable cash conversion underpins long-term financial flexibility and reinvestment capacity.

High and sustainable margins

Consistently strong gross and operating margins point to efficient cost management across rooms, F&B and events businesses. Margin strength supports resilience through downturns, enables reinvestment in service quality, and preserves earnings power over multiple quarters.

Conservative leverage and strong ROE

A conservative capital structure with low leverage and robust ROE reduces solvency risk and interest burden, enabling stable operations and disciplined capital allocation. This structural prudence supports long-term credit profile and capacity for selective growth investments.

Negative Factors

Inconsistent revenue trend

A negative reported revenue growth metric implies recent top-line volatility or contraction. For a hotel operator, sustained revenue growth is necessary to justify fixed-cost base and support margin expansion; persistent weakness would pressure room rates, F&B sales and long-term investment plans.

Modest shareholder cash returns

A low dividend yield signals limited direct income return to shareholders and suggests more cash is retained for operations or balance sheet. For income-seeking investors this weakens appeal, and limited payout flexibility can constrain the perceived total shareholder return over time.

Conservative liquidity may limit expansion

Holding a conservative cash mix preserves stability but may indicate under-deployed capital. In an industry where strategic refurbishments and new property investments drive growth, overly cautious liquidity allocation can slow expansion, asset refresh cycles, and competitive positioning long term.

EIH Associated Hotels Limited Business Overview & Revenue Model

Company Description

EIH Associated Hotels Limited engages in the ownership, management, and operation of five star deluxe and five star hotels in India. It operates The Oberoi Cecil at Shimla and The Oberoi Rajvilas at Jaipur; and hotels under the Trident name in Agra, Bhubaneswar, Chennai, Cochin, Jaipur, and Udaipur. The company was formerly known as Oberoi Associated Hotels Limited and changed its name to EIH Associated Hotels Limited in November 1996. The company was incorporated in 1983 and is based in Delhi, India.

How the Company Makes Money

EIH Associated Hotels Limited primarily makes money by monetizing hotel properties through multiple, interrelated hospitality revenue streams. The central source is room revenue (selling hotel room nights to leisure and business travelers), which is driven by occupancy and average daily rates and is distributed through direct bookings and third-party channels. A second major stream is food and beverage revenue from restaurants, bars, in-room dining, catering, and banquet operations serving both resident guests and non-resident patrons. The company also earns from meetings, incentives, conferences, and events (MICE) by renting banquet halls and event spaces and providing packaged services such as catering and audio-visual support (where offered). Additional income can include ancillary guest services and other operating revenues linked to the properties (e.g., service charges and other hotel-related receipts), but specific line items beyond core rooms, F&B, and events are not available here and are therefore null.

EIH Associated Hotels Limited Financial Statement Overview

Summary

EIH Associated Hotels Limited is in a robust financial position with notable strengths in profitability, growth, and financial management. The company shows impressive revenue and profit growth trends, supported by strong margins and cash flow metrics. Its conservative debt strategy and effective cash management contribute to a stable financial outlook, although there is potential to optimize liquidity for expansion.

Income Statement

EIH Associated Hotels Limited shows strong growth and profitability. The gross profit margin is high, indicating efficiency in managing production costs. The net profit margin and EBIT margin are healthy, reflecting profitable operations. Revenue growth is impressive, showing a robust upward trajectory over the years, especially from 2022 to 2025.

Balance Sheet

The company maintains a solid financial structure with a low debt-to-equity ratio, indicating conservative leverage. The equity ratio is strong, showing a substantial portion of assets financed by equity. Return on equity is robust, reflecting efficient use of shareholder funds. However, the balance of cash and short-term investments to total assets suggests a conservative liquidity position, which is stable but could be optimized for growth.

Cash Flow

EIH has demonstrated significant growth in free cash flow, indicative of effective cash management and strong operational performance. The operating cash flow to net income ratio is strong, underscoring the company's ability to convert earnings into cash. The free cash flow to net income ratio is also healthy, indicating efficient cash generation relative to profits.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.00B	4.08B	3.85B	3.37B	1.95B	1.01B
Gross Profit	2.91B	2.90B	2.64B	2.62B	1.40B	558.95M
EBITDA	1.45B	1.41B	1.26B	1.02B	344.22M	-196.53M
Net Income	951.31M	918.47M	810.25M	646.17M	128.82M	-267.42M
Balance Sheet
Total Assets	6.41B	6.51B	5.63B	5.04B	4.12B	3.89B
Cash, Cash Equivalents and Short-Term Investments	2.41B	2.70B	1.93B	1.58B	817.75M	578.82M
Total Debt	41.19M	42.70M	40.42M	50.19M	19.68M	22.07M
Total Liabilities	1.17B	1.14B	1.01B	1.08B	797.01M	707.17M
Stockholders Equity	5.24B	5.36B	4.63B	3.97B	3.32B	3.19B
Cash Flow
Free Cash Flow	-113.66M	836.84M	401.70M	715.49M	224.85M	-343.14M
Operating Cash Flow	122.16M	1.12B	775.31M	912.28M	380.75M	-118.58M
Investing Cash Flow	107.54M	-921.81M	-638.24M	-887.39M	-366.72M	93.61M
Financing Cash Flow	-217.20M	-186.55M	-168.77M	-17.28M	-7.17M	-10.83M

EIH Associated Hotels Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 382.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EIHAHOTELS, the sentiment is Negative. The current price of 382.1 is above the 20-day moving average (MA) of 319.88, above the 50-day MA of 331.34, and above the 200-day MA of 366.97, indicating a bearish trend. The MACD of -9.18 indicates Positive momentum. The RSI at 34.98 is Neutral, neither overbought nor oversold. The STOCH value of 36.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EIHAHOTELS.

EIH Associated Hotels Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EIHAHOTELS	75 Outperform	₹18.35B	13.46	―	0.98%	1.40%	18.39%
ADVANIHOTR	72 Outperform	₹4.78B	12.58	―	3.31%	0.14%	7.90%
TAJGVK	72 Outperform	₹18.95B	18.32	―	0.48%	9.49%	40.16%
ORIENTHOT	63 Neutral	₹16.43B	21.96	―	0.48%	19.69%	17.02%
ROHLTD	61 Neutral	₹8.62B	31.71	―	0.61%	10.77%	-4.40%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

EIH Associated Hotels Limited Corporate Events

EIH Associated Hotels to Add Luxury Tent Capacity at Trident Udaipur

EIH Associated Hotels Limited has approved a capacity expansion at Hotel Trident, Udaipur, where it currently operates 142 rooms running at full occupancy. The board has cleared the construction of 10 luxury tents, reflecting a move to add high-end inventory at a property that is already fully utilized.

The project, expected to be completed by October 2026, will involve an investment of Rs. 15 crore funded entirely through internal accruals. By introducing luxury tents, the company aims to enhance guest experience, broaden its service offerings, and strengthen its positioning in the competitive luxury hospitality market in Udaipur.