Share price
₹115.92 latest close · −2.5% over the last 90 sessions
₹115.92 month-end · −26.8% over 12 months
₹115.92 month-end · +1.4% over 3 years
₹115.92 month-end · +65.8% since Jan '19
52-week range ₹99.61 to ₹168.93 · 1-year volatility 31.1%
Was the rally earned?
Earnings helped, the multiple did not.
- Per-share earnings added 8 points, but investors now pay less per rupee of profit (P/E 58.4x to 39.2x), which took 34 points back.
- The share count barely moved.
- The share price was roughly flat over 3 years (+1%).
- The share count rose 3%.
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 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.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-83.6% (2019-03 peak to 2020-05 low, recovered 2022-10)
-43.6% (2025-09 peak to 2026-03 low, not yet recovered)
-28.6% (2022-11 peak to 2022-12 low, recovered 2023-08)
Most recent volume spikes
2026-10-01: 12.9x the 50-day median, price +3.3% 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).
Is it expensive against its own past and its peers?
Usual range 37.1x to 100.9x since 2019-01.
75% above the Consumer Services median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are 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
- ROCE70th▲ 4 pts vs a year ago
- Op. margin93rdflat vs a year ago
- Revenue growth60th▼ 17 pts vs a year ago
- EPS growth65th▼ 18 pts vs a year ago
- Debt/equity ↓15th▼ 3 pts vs a year ago
- Cash cycle ↓48th▼ 6 pts vs a year ago
- P/E ↓25th▲ 3 pts vs a year ago
- 12M momentum41st▼ 47 pts vs a year ago
Rank history
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?
At normalised P/E (five-year average earnings) of 81.1x, a holder earning 12%/yr needs earnings to grow about 32.6%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 34.4% | 35.6% | 36.8% |
| 15x | 31.4% | 32.6% | 33.8% |
| 20x | 27.7% | 28.8% | 30.0% |
Drag a slider to test other assumptions
Implied: 32.6%/yrLooking back
- Jan 2020Price implied 33%/yr; EPS has since grown 26%/yr (7.0 yrs)
Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.
What prices imply across Consumer Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹115.92
- P/E
- 39.2x
- ROCE
- 14.0%
- Market Cap
- ₹9207 cr
- Revenue (TTM)
- ₹1473 cr
- P/S
- 6.3x
- P/B
- 6.6x
- ROE
- 16.9%
- Operating Margin
- 43.0%
- Debt / Equity
- 1.4x
- Promoter Holding
- 22.3%
- 12M Momentum
- -26.8%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance-7%Within range
Other income as a share of pre-tax profit (trailing twelve months): -6.7%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate22%Within range
Median quarterly effective tax rate over about 2.5 years: 21.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion2.17xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 2.17x (cash from operations ₹1,549 cr, net profit ₹713 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow5 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+6 daysWithin range
Debtor days are above the median of the previous three fiscal years by 6 days (29 vs 23). Bands: under 15 days, 15 to 45, over 45.
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.
Who has been buying and selling?
- Over 3 years, FIIs trimmed 5.4 pts; promoters trimmed 1.0 pts; DIIs added 0.9 pts.
- The number of shareholders rose from 2.8 lakh to 4.2 lakh (+50%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like LEMON TREE 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 −24% to +38% vs the market, against −2% for all non-financial companies in the same months.
- The gap against the base rate (−5.0%, 80% range −11.8% to +1.3%) 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
50 past situations · 50 companies · 31 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| HATSUN Consumer Non-Durables |
Jul 2021 | — | 12% | +86% | −9% | 0% |
| MOTILALOFS Finance |
Apr 2021 | 51x | 10% | +26% | −11% | +15% |
| PHOENIXLTD Finance |
Apr 2021 | 33x | 9% | +32% | −16% | +23% |
| JUBLFOOD Consumer Services |
Apr 2024 | 87x | 16% | +4% | −20% | +52% |
| BRIGADE Finance |
Jun 2025 | 39x | 13% | −18% | −23% | −40% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ASAHIINDIA Consumer Durables |
Jul 2020 | 27x | 11% | −13% | −36% | +42% |
| EIHAHOTELS Consumer Services |
Oct 2020 | 58x | 13% | −29% | −30% | +7% |
| RAINBOW Health Services |
Aug 2024 | 59x | 19% | +20% | −19% | +29% |
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, P/E and drawdown from 12-month high. 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.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Mar '22
- OctPriceVolume reached 12.9x its 50-day median on 2026-10-01; price +3.3% that day.
- JunInstitutionsFII + DII holding fell 3.9 pts over 2 quarters to 37.3%.
- AprPriceVolume reached 28.2x its 50-day median on 2026-04-21; price +7.5% that day.
- MarPriceFell 44% from the Sep 2025 peak to the Mar 2026 low.
- MarPeer rankSlipped to the 2nd quartile of Consumer Services on EPS growth (from the top quartile).
- JanPriceVolume reached 10.1x its 50-day median on 2026-01-07; price +2.9% that day.
- NovValuationP/E fell below the 10th percentile of its own history to date (58.4x).
- JulPriceVolume reached 11.7x its 50-day median on 2025-07-10; price +8.3% that day.
Show 22 earlier events
- JunValuationP/E fell below the 10th percentile of its own history to date (56.5x).
- FebValuationP/E fell below the 10th percentile of its own history to date (63.4x).
- FebPriceVolume reached 5.8x its 50-day median on 2025-02-05; price +0.5% that day.
- DecPriceRegained the 2024-05 peak, 2 months after the low.
- OctPriceFell 28% from the May 2024 peak to the Oct 2024 low.
- AugPriceVolume reached 8.0x its 50-day median on 2024-08-09; price -5.1% that day.
- JunResultsRevenue (TTM) reached a new high of ₹1,068 cr.
- JunInstitutionsFII + DII holding rose 4.6 pts over 1 quarter to 42.4%.
- JunPeer rankMoved into the top quartile of Consumer Services on EPS growth (from the bottom quartile).
- AprPriceVolume reached 5.9x its 50-day median on 2024-04-29; price +3.5% that day.
- JanPriceVolume reached 20.3x its 50-day median on 2024-01-02; price +9.4% that day.
- AugPriceRegained the 2022-11 peak, 8 months after the low.
- AugPriceVolume reached 15.1x its 50-day median on 2023-08-18; price +6.4% that day.
- JunResultsEPS (TTM) turned positive.
- JunPeer rankMoved into the 2nd quartile of Consumer Services on ROCE (from the 3rd quartile).
- AprPriceVolume reached 8.6x its 50-day median on 2023-04-20; price +4.6% that day.
- FebPriceVolume reached 5.5x its 50-day median on 2023-02-01; price +5.8% that day.
- DecPriceFell 29% from the Nov 2022 peak to the Dec 2022 low.
- NovPriceVolume reached 5.0x its 50-day median on 2022-11-30; price +8.2% that day.
- OctPriceRegained the 2019-03 peak, 29 months after the low.
- AugPriceVolume reached 11.5x its 50-day median on 2022-08-05; price +6.3% that day.
- MarPriceVolume reached 15.0x its 50-day median on 2022-03-28; price +12.1% 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 history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 39.2x | ₹1473 cr | 16.9% | 14.0% | 1.4x |
| 2026-10 | 36.9x | ₹1473 cr | 16.9% | 14.0% | 1.4x |
| 2026-09 | 35.2x | ₹1473 cr | 16.9% | 14.0% | 1.4x |
| 2026-08 | 37.2x | ₹1444 cr | 16.4% | 14.0% | 1.4x |
| 2026-07 | 38.2x | ₹1444 cr | 16.4% | 14.0% | 1.4x |
| 2026-06 | 40.8x | ₹1444 cr | 16.4% | 14.0% | 1.4x |
| 2026-05 | 41.0x | ₹1407 cr | 19.0% | 13.0% | 1.8x |
| 2026-04 | 42.3x | ₹1407 cr | 19.0% | 13.0% | 1.8x |
| 2026-03 | 36.1x | ₹1407 cr | 19.0% | 13.0% | 1.8x |
| 2026-02 | 40.9x | ₹1356 cr | 18.9% | 13.0% | 1.8x |
| 2026-01 | 46.4x | ₹1356 cr | 18.9% | 13.0% | 1.8x |
| 2025-12 | 57.3x | ₹1356 cr | 18.9% | 13.0% | 1.8x |
| 2025-11 | 58.4x | ₹1334 cr | 18.4% | 13.0% | 1.8x |
| 2025-10 | 61.0x | ₹1334 cr | 18.4% | 13.0% | 1.8x |
| 2025-09 | 61.4x | ₹1334 cr | 18.4% | 13.0% | 1.8x |
| 2025-08 | 66.9x | ₹1286 cr | 16.5% | 13.0% | 1.8x |
| 2025-07 | 60.4x | ₹1286 cr | 16.5% | 13.0% | 1.8x |
| 2025-06 | 56.5x | ₹1286 cr | 16.5% | 13.0% | 1.8x |
| 2025-05 | 61.7x | ₹1234 cr | 17.9% | 11.0% | 2.4x |
| 2025-04 | 60.6x | ₹1234 cr | 17.9% | 11.0% | 2.4x |
| 2025-03 | 56.8x | ₹1234 cr | 17.9% | 11.0% | 2.4x |
| 2025-02 | 63.4x | ₹1169 cr | 15.0% | 11.0% | 2.4x |
| 2025-01 | 70.9x | ₹1169 cr | 15.0% | 11.0% | 2.4x |
| 2024-12 | 79.7x | ₹1169 cr | 15.0% | 11.0% | 2.4x |
| 2024-11 | 71.0x | ₹1112 cr | 14.2% | 11.0% | 2.4x |
| 2024-10 | 64.0x | ₹1112 cr | 14.2% | 11.0% | 2.4x |
| 2024-09 | 66.2x | ₹1112 cr | 14.2% | 11.0% | 2.4x |
| 2024-08 | 71.1x | ₹1068 cr | 14.9% | 11.0% | 2.4x |
| 2024-07 | 79.7x | ₹1068 cr | 14.9% | 11.0% | 2.4x |
| 2024-06 | 76.3x | ₹1068 cr | 14.9% | 11.0% | 2.4x |
| 2024-05 | 94.0x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2024-04 | 105.4x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2024-03 | 90.0x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2024-02 | 96.1x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2024-01 | 96.4x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2023-12 | 82.7x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2023-11 | 78.8x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2023-10 | 75.8x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2023-09 | 78.4x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2023-08 | 75.3x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2023-07 | 63.7x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2023-06 | 64.6x | ₹875 cr | 13.1% | 10.0% | 2.5x |
| 2023-05 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2023-04 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2023-03 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2023-02 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2023-01 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2022-12 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2022-11 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2022-10 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2022-09 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2022-08 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2022-07 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2022-06 | — | ₹402 cr | -13.0% | 1.0% | 2.6x |
| 2022-05 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2022-04 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2022-03 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2022-02 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2022-01 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2021-12 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2021-11 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2021-10 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2021-09 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2021-08 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2021-07 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2021-06 | — | ₹252 cr | -16.1% | -1.0% | 2.4x |
| 2021-05 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2021-04 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2021-03 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2021-02 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2021-01 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2020-12 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2020-11 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2020-10 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2020-09 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2020-08 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2020-07 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2020-06 | — | ₹669 cr | -1.0% | 5.0% | 2.0x |
| 2020-05 | 26.9x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2020-04 | 26.3x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2020-03 | 32.8x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2020-02 | 77.0x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2020-01 | 82.1x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2019-12 | 95.5x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2019-11 | 94.1x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2019-10 | 91.2x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2019-09 | 85.1x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2019-08 | 80.6x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2019-07 | 89.3x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2019-06 | 99.8x | ₹550 cr | 5.1% | 5.0% | 1.4x |
| 2019-05 | 417.5x | ₹484 cr | 1.5% | 5.0% | 1.2x |
| 2019-04 | 416.7x | ₹484 cr | 1.5% | 5.0% | 1.2x |
| 2019-03 | 448.1x | ₹484 cr | 1.5% | 5.0% | 1.2x |
| 2019-02 | 422.5x | ₹484 cr | 1.5% | 5.0% | 1.2x |
| 2019-01 | 388.3x | ₹484 cr | 1.5% | 5.0% | 1.2x |