ITC HOTELS LIMITED (ITCHOTELS): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1YAll

₹176.9 latest close · −1.0% over the last 90 sessions

₹176.9 month-end · −15.2% over 12 months

₹176.9 month-end · +8.6% since Jan '25

52-week range ₹137.30 to ₹217.51 · 1-year volatility 30.9%

Was the rally earned?

-15%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 29 points, but investors now pay less per rupee of profit (P/E 68.4x to 42.5x), which took 44 points back.
The share count fell 7%.

Net profit growth+22 ptsNet profit rose about 27%, which lifts the price.

P/E change-44 ptsThe P/E fell from 68.4x to 42.5x, which lowers the price.

Share count change+7 ptsShare count fell 7%, which lifts the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with INDIAN HOTELS CO

How rough has the ride been?

Maximum drawdown-45.9%not yet recovered

1-year volatility30.9%annualised

Beta vs sector index0.983-year daily, correlation 0.59

Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-45.9% (2025-07 peak to 2026-03 low, not yet recovered)

Most recent volume spikes

2026-10-27: 14.8x the 50-day median, price +1.2% that day

2026-10-26: 15x the 50-day median, price +5.2% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Consumer Services peers?

Each cell is the company's percentile rank among its Consumer Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE57thflat vs a year ago
Op. margin76th▼ 4 pts vs a year ago
Revenue growth75th
EPS growth82nd
Debt/equity ↓89thflat vs a year ago
Cash cycle ↓53rd▼ 3 pts vs a year ago
P/E ↓24th▲ 7 pts vs a year ago
12M momentum61st

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Consumer Services sector page Watch it move against Consumer Services in the Observatory

What is the price implying?

~24%annual earnings growth implied by the price

At a P/E of 42.5x, the price would imply about 24.3%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Consumer Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹176.90
P/E: 42.5x
ROCE: 11.0%
Market Cap: ₹36889 cr
Revenue (TTM): ₹4260 cr
P/S: 8.7x
P/B: 3.2x
ROE: 7.4%
Operating Margin: 31.0%
Debt / Equity: 0.0x
Promoter Holding: 39.9%
12M Momentum: -15.2%

52-week range

₹137.30₹217.51

49% of the way from its 52-week low to its high

Price risk

1Y volatility

30.9%

Beta vs sector

1-year daily

1.05

Balance sheet & cash

Interest cover

operating profit ÷ interest

100.0x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.37x

Share count, 1Y

unchanged

Are profits backed by cash?

5 of 5checks within rangeAll clear

Other income reliance12%Within range

Other income as a share of pre-tax profit (trailing twelve months): 11.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate28%Within range

Median quarterly effective tax rate over about 2.5 years: 27.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.37xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.37x (cash from operations ₹2,583 cr, net profit ₹1,883 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 3 yrsWithin range

Fiscal years with positive free cash flow in the last 3: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress3% of fixed assetsWithin range

Capital work-in-progress is 3% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Since Mar 2025, FIIs trimmed 13.8 pts; DIIs added 2.4 pts.
The number of shareholders fell from 25.7 lakh to 22.9 lakh (-11%) between Mar 2025 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupMar '25Jun '26Change

Promoters39.9%39.9%0.0 pts

FIIs25.4%11.6%-13.8 pts

DIIs21.6%24.0%+2.4 pts

Public and others13.1%24.5%+11.4 pts

Number of shareholders

22.9 lakhshareholders-11% since Mar '25

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−7.1%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a non-financial company looked like ITC HOTELS LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −26% to +20% vs the market, against −3% for all non-financial companies in the same months.
The gap against the base rate (−4.3%, 80% range −9.3% to 0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months

Similar setups' median

−7.1%

All companies' median

−2.8%

Beat the market

42% vs 47%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
VINATIORGA Process Industries	May 2025	49x	19%	+6%	−20%	−31%
LINDEINDIA Process Industries	Nov 2022	51x	17%	+22%	−23%	+65%
ESCORTS Producer Manufacturing	Nov 2023	65x	11%	+38%	−8%	−13%
ATUL Process Industries	Jul 2022	44x	19%	−2%	−18%	−33%
SAREGAMA Consumer Services	Jul 2024	54x	18%	+40%	−2%	−7%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
MCX Finance	Jun 2023	51x	13%	+15%	−10%	+79%
LATENTVIEW Commercial Services	Apr 2025	49x	15%	−21%	−30%	−30%
BOSCHLTD Producer Manufacturing	Sep 2022	38x	15%	+2%	−16%	+4%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to ITC HOTELS LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

INFO EDGE (INDIA)NAUKRI

Technology Services

70%similar

debt/equityvolatility

GLAND PHARMAGLAND

Health Technology

67%similar

market capoperating margin

SONA BLW PRECISION FORGINGSSONACOMS

Producer Manufacturing

64%similar

market caprevenue

IPCA LABORATORIESIPCALAB

Health Technology

58%similar

market capvolatility

AFFLE 3IAFFLE

Technology Services

54%similar

debt/equitymarket cap

EIHEIHOTEL

Consumer Services

47%similar

volatilitypromoter holding

INDIAN HOTELS COINDHOTEL

Consumer Services

45%similar

promoter holdingoperating margin

SAREGAMA INDIASAREGAMA

Consumer Services

17%similar

operating marginP/E

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

10 events since Mar '25

2026
OctPriceVolume reached 15.0x its 50-day median on 2026-10-26; price +5.2% that day.
JunDividendStarted paying a dividend (payout 26% of profit).
AprPriceVolume reached 10.0x its 50-day median on 2026-04-08; price +3.5% that day.
MarInstitutionsFII + DII holding fell 8.7 pts over 2 quarters to 37.2%.
MarPriceFell 46% from the Jul 2025 peak to the Mar 2026 low.
MarPriceVolume reached 7.6x its 50-day median on 2026-03-04; price -5.0% that day.
JanSharesShare count is up 150.6% over 12 months.
2025
DecPriceVolume reached 5.4x its 50-day median on 2025-12-05; price -0.9% that day.

Show 2 earlier events

2025
JulPriceVolume reached 5.3x its 50-day median on 2025-07-16; price +4.5% that day.
MarPriceVolume reached 7.5x its 50-day median on 2025-03-21; price +8.5% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history23 months · 2025-01 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	42.5x	₹4260 cr	7.4%	11.0%	0.0x
2026-10	40.2x	₹4260 cr	7.5%	11.0%	0.0x
2026-09	39.5x	₹4260 cr	7.5%	11.0%	0.0x
2026-08	40.7x	₹4140 cr	7.0%	11.0%	0.0x
2026-07	41.3x	₹4140 cr	7.0%	11.0%	0.0x
2026-06	45.8x	₹4140 cr	7.0%	11.0%	0.0x
2026-05	42.5x	₹3947 cr	7.1%	10.0%	0.0x
2026-04	44.1x	₹3947 cr	7.1%	10.0%	0.0x
2026-03	37.9x	₹3947 cr	7.1%	10.0%	0.0x
2026-02	57.7x	₹3731 cr	6.9%	10.0%	0.0x
2026-01	59.3x	₹3731 cr	6.9%	10.0%	0.0x
2025-12	64.7x	₹3731 cr	6.9%	10.0%	0.0x
2025-11	68.4x	₹3670 cr	6.4%	10.0%	0.0x
2025-10	71.1x	₹3670 cr	6.4%	10.0%	0.0x
2025-09	74.5x	₹3670 cr	6.4%	10.0%	0.0x
2025-08	78.2x	₹3560 cr	6.0%	10.0%	0.0x
2025-07	75.6x	₹3560 cr	6.0%	10.0%	0.0x
2025-06	72.9x	₹3560 cr	6.0%	10.0%	0.0x
2025-05	—	₹2224 cr	5.0%	—	0.0x
2025-04	—	₹2224 cr	5.0%	—	0.0x
2025-03	—	₹2224 cr	5.0%	—	0.0x
2025-02	—	₹2224 cr	5.0%	—	0.0x
2025-01	—	₹2224 cr	5.0%	—	0.0x

Methodology and data notes