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Lemon Tree Hotels Ltd.
(LEMONTREE)
Lemon Tree Hotels Ltd. (LEMONTREE) vs. iShares MSCI India ETF (INDA)
Lemon Tree Hotels Ltd. Business Overview & Revenue Model
Lemon Tree Hotels Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.36B | 12.88B | 10.73B | 8.76B | 4.03B | 2.52B |
| Gross Profit | 9.44B | 9.06B | 7.44B | 6.07B | 2.34B | 1.31B |
| EBITDA | 6.46B | 6.06B | 5.07B | 4.33B | 1.04B | 414.65M |
| Net Income | 2.15B | 1.97B | 1.48B | 1.15B | -874.34M | -1.27B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 40.82B | 40.33B | 37.32B | 36.35B | 38.19B |
| Cash, Cash Equivalents and Short-Term Investments | 1.19B | 1.19B | 620.67M | 284.76M | 602.33M | 1.42B |
| Total Debt | 0.00 | 21.48B | 23.36B | 21.77B | 21.28B | 21.59B |
| Total Liabilities | -17.90B | 22.91B | 24.87B | 23.19B | 22.36B | 22.84B |
| Stockholders Equity | 17.90B | 11.64B | 9.67B | 8.54B | 8.31B | 9.18B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.88B | 1.34B | 2.23B | 677.50M | -294.30M |
| Operating Cash Flow | 0.00 | 3.84B | 4.65B | 3.85B | 1.35B | 410.14M |
| Investing Cash Flow | 0.00 | -1.29B | -3.97B | -2.83B | -454.43M | -655.92M |
| Financing Cash Flow | 0.00 | -2.33B | -585.27M | -1.32B | -1.63B | 1.11B |
Lemon Tree Hotels Ltd. Technical Analysis
Lemon Tree Hotels Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ₹25.64B | 18.14 | ― | 0.48% | 13.21% | 51.59% | |
| ― | ₹13.42B | 27.18 | ― | 0.51% | 9.24% | 3.74% | |
| ― | ₹31.48B | 31.83 | ― | 0.34% | -7.91% | ― | |
| ― | ₹22.72B | 45.95 | ― | 0.40% | 19.69% | 17.02% | |
| ― | ₹66.87B | 51.51 | ― | ― | 3.14% | 6.79% | |
| ― | ₹131.63B | 61.17 | ― | ― | 20.03% | 48.49% | |
| ― | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
Lemon Tree Hotels Ltd. Corporate Events
Lemon Tree Hotels Limited announced the signing of a new property, Lemon Tree Hotel, Gandhidham, managed by its subsidiary Carnation Hotels Private Limited. This new hotel, featuring 54 rooms, a restaurant, a banquet hall, and recreational facilities, strengthens Lemon Tree’s presence in Gujarat, an important commercial hub near Kandla Port. The expansion aligns with the company’s vision of offering comfortable stays across various destinations, enhancing its business and leisure portfolio in the region.
Lemon Tree Hotels Limited has announced the opening of its sixth property in Andhra Pradesh, the Lemon Tree Premier in Tirupati. This new hotel, managed by Carnation Hotels Private Limited, features 111 rooms and suites, with the first phase opening 54 rooms along with the Citrus Café. The remaining facilities, including additional rooms, a bar, banquet spaces, and recreational amenities, will open in the second phase. Positioned in Tirupati, a major pilgrimage and urban center, this hotel aims to cater to the growing demand for contemporary accommodations in religious and spiritual destinations.
Lemon Tree Hotels Limited has announced the signing of a new franchise agreement for Keys Prima by Lemon Tree Hotels, Saj by the Lake, located in Malshej Ghat, Maharashtra. This new property, featuring 55 rooms and various amenities, aims to cater to nature lovers and travelers seeking leisure and business experiences. The partnership with SAJ Hotels Ltd. aligns with Lemon Tree’s strategy to expand its leisure portfolio in Maharashtra and strengthen its market presence.
Lemon Tree Hotels Limited has announced the opening of its fifth property in Andhra Pradesh, Keys Lite by Lemon Tree Hotels, Krishna, Vijayawada. This new hotel, managed by Carnation Hotels Private Limited, features 44 well-appointed rooms, a multi-cuisine restaurant, and a boardroom, enhancing the company’s presence in the region. The strategic location of Vijayawada, known for its cultural landmarks and rapid urbanization, positions the hotel to attract both business and leisure travelers, strengthening Lemon Tree’s market positioning and offering stakeholders potential growth opportunities.
Lemon Tree Hotels Ltd. has disclosed that its subsidiary, Hyacinth Hotels Private Limited, received a judgment from the Delhi High Court regarding a writ petition filed against an assessment order by the Municipal Corporation of Delhi. The court’s decision, which was received on September 16, 2025, does not materially impact the financial operations of Lemon Tree Hotels. Hyacinth Hotels is considering further legal actions.
Lemon Tree Hotels Limited has announced the signing of a License Agreement for a new property, Lemon Tree Hotel, in Mohkampur, Dehradun. Managed by its subsidiary, Carnation Hotels Private Limited, the hotel will feature 98 rooms and various amenities, enhancing the company’s presence in Uttarakhand. Located within the Mall of Dehradun, the hotel is strategically positioned to attract both business and leisure travelers, benefiting from its proximity to transportation hubs and local attractions. This expansion reflects Lemon Tree Hotels’ commitment to growing its footprint in the region, where it already operates multiple properties.
Lemon Tree Hotels Limited has announced the signing of a License Agreement for a new property, Lemon Tree Resort, in Pench, Maharashtra. Managed by its subsidiary, Carnation Hotels Private Limited, the resort will feature 60 rooms and various amenities, enhancing Lemon Tree’s wildlife portfolio and expanding its presence in Maharashtra, where it currently operates 14 hotels with 10 more in development. The resort’s strategic location near Pench National Park, a renowned wildlife reserve, positions it as an attractive destination for wildlife enthusiasts, potentially boosting the company’s market appeal in the region.
Lemon Tree Hotels Limited has announced the signing of a new property, Keys Select by Lemon Tree Hotels, in Mhasrul, Nashik, Maharashtra. This strategic move, managed by its subsidiary Carnation Hotels Private Limited, includes a 50-room hotel with a restaurant and banquet facilities. The location is well-connected and situated in a developing industrial area with significant corporate presence. This expansion aligns with Lemon Tree Hotels’ strategy for sustained growth in key markets, reinforcing its footprint in Maharashtra where it currently operates 14 hotels with nine more in development.
Lemon Tree Hotels Limited reported its highest ever Q1 revenue at Rs. 317.4 crore, marking an 18% growth compared to the previous year, despite challenges such as geopolitical tensions and COVID-19 concerns. The company also saw a significant increase in profit after tax by 139% year-over-year, and a reduction in debt by 11%, indicating strong financial performance and improved operational efficiency.
Lemon Tree Hotels Limited has announced significant changes in its strategic leadership, effective October 1, 2025, pending shareholder approval. The leadership restructuring includes the continuation of Mr. Patanjali Govind Keswani as Executive Chairman, the appointment of Mr. Neelendra Singh as Managing Director, Mr. Kapil Sharma as Executive Director and CFO, and Mr. Saurabh Shatdal as MD and CEO of Fleur Hotels Limited, a material subsidiary. These changes are part of the company’s succession planning strategy, aimed at ensuring leadership continuity and strengthening its governance framework.
Lemon Tree Hotels Limited has received an order from the Office of the Principal Commissioner of Central Goods & Service Tax, Delhi South Commissionerate, demanding a total tax, interest, and penalty amounting to Rs 64,41,819/- for the period from July 2012 to June 2017. This order pertains to a short payment of service tax on the abated value of service charges collected from customers. The company states that there is no material impact on its financial operations, except for the specified amount, and it is in the process of filing an appeal against the order.