Viceroy Hotels Ltd (IN:VHLTD)
:VHLTD
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Viceroy Hotels Ltd
(VHLTD)
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Rating:52Neutral
Price Target:
₹141.00
▼(-1.02% Downside)
Action:Downgraded
Date:05/25/26
The score is driven primarily by improving operating performance (strong FY2026 revenue growth and improved margins), but held back by balance-sheet/cash-flow risk (debt step-up and sharply negative FY2026 free cash flow). Technicals are neutral and valuation is a headwind due to the high P/E with no dividend support.
Positive Factors
Sustained revenue growth
A 37.8% revenue jump in FY2026 atop steady FY2024–FY2025 growth indicates healthy demand recovery and expanding market share in travel lodging. This multi-year top-line momentum supports durable scale advantages, stronger negotiating leverage with channels, and a better base for reinvesting in growth.
Negative Factors
Sharp negative free cash flow
A -613M free cash flow outflow in FY2026 indicates substantial capex or working-capital drains that materially reduce financial flexibility. Persistent negative FCF constrains debt reduction, dividend capacity, and strategic investments, increasing reliance on external funding and refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
A 37.8% revenue jump in FY2026 atop steady FY2024–FY2025 growth indicates healthy demand recovery and expanding market share in travel lodging. This multi-year top-line momentum supports durable scale advantages, stronger negotiating leverage with channels, and a better base for reinvesting in growth.
Read all positive factors
Viceroy Hotels Ltd (VHLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.37B
Dividend YieldN/A
Average Volume (3M)11.01K
Price to Earnings (P/E)50.6
Beta (1Y)0.56
Revenue Growth4.30%
EPS Growth-76.23%
CountryIN
Employees404
SectorServices
Sector StrengthN/A
IndustryTravel Lodging
Share Statistics
EPS (TTM)3.36
Shares Outstanding67,578,950
10 Day Avg. Volume22,402
30 Day Avg. Volume11,012
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)3.28
Price to Sales (P/S)6.11
P/FCF Ratio-14.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Viceroy Hotels Ltd Business Overview & Revenue Model
Company Description
Viceroy Hotels Limited is an Indian hospitality firm actively involved in the hotel industry. The company operates a diverse portfolio, including establishments under the Marriott brand that feature a convention center, guest accommodations, and f...
How the Company Makes Money
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Viceroy Hotels Ltd Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
48
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04B | 1.43B | 1.37B | 1.31B | 1.20B | 524.40M |
| Gross Profit | 713.63M | 836.53M | 948.15M | 650.70M | 547.38M | 10.22M |
| EBITDA | 314.03M | 380.43M | 376.13M | 156.47M | 90.44M | -160.47M |
| Net Income | 216.33M | 183.16M | 779.93M | 23.88M | -549.00K | -263.08M |
Balance Sheet | ||||||
| Total Assets | 3.12B | 5.57B | 3.12B | 3.27B | 3.52B | 3.81B |
| Cash, Cash Equivalents and Short-Term Investments | 535.72M | 194.23M | 468.49M | 304.38M | 128.08M | 29.09M |
| Total Debt | 494.12M | 2.64B | 522.58M | 1.79B | 5.12B | 6.34B |
| Total Liabilities | 661.04M | 2.90B | 672.35M | 2.60B | 7.97B | 8.26B |
| Stockholders Equity | 2.46B | 2.67B | 2.44B | 668.20M | -4.45B | -4.45B |
Cash Flow | ||||||
| Free Cash Flow | 305.83M | -612.61M | 142.43M | 100.03M | -232.73M | -65.94M |
| Operating Cash Flow | 353.00M | 618.24M | 323.11M | 181.13M | -232.73M | -65.88M |
| Investing Cash Flow | -264.71M | -2.13B | -735.32M | -149.38M | 438.89M | 47.78M |
| Financing Cash Flow | -49.48M | 2.04B | -828.94M | 144.55M | -107.17M | 37.91M |
Viceroy Hotels Ltd Technical Analysis
Positive
142.45
Price Trends
138.98
Negative
140.51
Negative
134.01
Positive
Market Momentum
-0.30
Positive
49.21
Neutral
45.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VHLTD, the sentiment is Positive. The current price of 142.45 is above the 20-day moving average (MA) of 139.24, above the 50-day MA of 138.98, and above the 200-day MA of 134.01, indicating a neutral trend. The MACD of -0.30 indicates Positive momentum. The RSI at 49.21 is Neutral, neither overbought nor oversold. The STOCH value of 45.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VHLTD.
Viceroy Hotels Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹4.92B | 20.55 | ― | 3.31% | -0.65% | -9.62% | |
62 Neutral | ₹4.00B | 46.55 | ― | 0.94% | 10.89% | -35.03% | |
61 Neutral | ₹5.09B | 14.40 | ― | ― | 6.38% | -24.68% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
52 Neutral | ₹9.37B | 50.60 | ― | ― | 4.30% | -76.23% | |
48 Neutral | ₹9.12B | 28.23 | ― | 0.61% | 20.25% | -31.86% | |
47 Neutral | ₹12.68B | -10.58 | ― | ― | 7.19% | -162.28% |
* Services Sector Average
IN:VHLTD
Viceroy Hotels Ltd
138.65
40.00
40.55%
IN:ADVANIHOTR
Advani Hotels & Resorts (India) Ltd.
53.24
-4.53
-7.85%
IN:ASIANHOTNR
Asian Hotels (North) Limited
297.45
-68.50
-18.72%
IN:KAMATHOTEL
Kamat Hotels (India) Ltd
172.75
-54.45
-23.97%
IN:ROHLTD
Royal Orchid Hotels Limited
332.60
-43.21
-11.50%
IN:SINCLAIR
Sinclairs Hotels Limited
78.02
-9.35
-10.70%
Viceroy Hotels Ltd Corporate Events
CARE assigns BBB; Stable and A3+ ratings to Viceroy Hotels’ bank facilities
Apr 14, 2026
Viceroy Hotels Limited has received new credit ratings from CARE Ratings for its bank facilities, with long-term facilities of ₹227.83 crore assigned a CARE BBB; Stable rating and short-term facilities of ₹2.50 crore assigned a CARE A3...
Viceroy Hotels Confirms SEBI-Compliant Dematerialization for March Quarter
Apr 14, 2026
Viceroy Hotels Limited has reported that, for the quarter ended March 31, 2026, all securities submitted for dematerialization have been processed in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.