Loading…

EIHEIHOTEL.NSCompetitor analysis, valuation and peers

India · INR·Consumer & Retail›Hotels/Resorts/Cruise lines

Owner-operator of luxury Oberoi and Trident hotel brands across India and select international locations.

≈ India's Four Seasons/Ritz-Carlton equivalentMomentum neutral 56
Mkt cap
$2.07B
US dollars, full cap
Free float
48%
of shares outstanding
$/day
$1.11M
20-day average traded
Fwd P/E
23.2×
forward earnings
ROIC−WACC
-2.8 pp
WACC 15.0%
Hurdle
-14 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · INR₹313.05
1D+1.7%
1W+9.3%
1M+5.6%
3M-3.9%
6M-6.5%
YTD-15.0%
1Y-20.7%
ATR %3.1%
Beta1.06
52w lowhigh22.7% off high

What EIH does

Owner-operator of luxury Oberoi and Trident hotel brands across India and select international locations.

Earns room, restaurant and spa revenue from hotels it owns, plus fees from managing hotels that others own under the Oberoi name. Luxury hotels carry high fixed costs, so occupancy and room rates move profit sharply. Flight catering at airports adds a separate source of food-service income.

In one line: India's Four Seasons/Ritz-Carlton equivalent.

Products and services

  • Oberoi luxury hotels
  • Trident premium hotels
  • Flight catering & airport services

Customers

  • High-end leisure & business travelers
  • International tourists

Where it sits in the supply chain

  • Hospitality
  • Luxury hotels & resorts
  • Owned luxury hotel operator

What could go right

  • Luxury travel demand growth in India
  • International tourist arrivals recovery

What could go wrong

  • High capex/asset-heavy model
  • Discretionary luxury-travel cyclicality

Moat: wide (brand, installed base). Globally recognized ultra-luxury brand with irreplaceable prime real-estate locations.

Headquarters: New Delhi, India · Founded: 1949 · Employees: 8,470

Named competitors

EIH at a glance

Size EIH (EIHOTEL.NS) is an India Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $2.07B, the 367th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹313.05 on 6 Nov 2026.

Performance Over six months the shares fell 6.5%, against -4.5% for the median peer and 0.0% for the India market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 8.3% over the last twelve months (peer median +5.7%); the operating margin is 29.2% (peer median 13.8%).

Valuation It trades at 23.2× forward earnings against a peer median of 17.0× (5th most expensive of 18).

Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +43%, so the hurdle is -14 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.8 points below its cost of capital (15.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 96EIHOTEL.NS 93
Six months, rebased to 100: EIH against the median of its 20 peers (local-currency closes).

EIH financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹30.2B₹29.4B₹27.4B₹25.1B₹20.2B
Revenue growth—+7%+9%+24%—
Gross profit₹19.6B₹14.4B₹13.5B₹12.2B₹9.15B
EBITDA₹10.3B₹10.7B₹10.4B₹9.29B₹6.20B
Net income₹7.12B₹6.28B₹7.39B₹6.39B₹3.15B
Free cash flown/a₹3.62B₹3.97B₹5.14B₹4.65B
Capital expendituren/a₹6.96B₹4.85B₹2.22B₹1.38B
Total debtn/a₹2.52B₹2.65B₹1.99B₹2.38B

Quarterly statements and history in the cockpit →

EIH competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%0%+20%H159616HBXLINDMCRI600258CHALETSHOT00694681MLCOTHELEELASKIS-B00530041600754VENTIVE3918THEIHOTEL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. EIH is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%+20%0×25×50×75×9616HBXLINDMCRI600258CHALET00694681THELEELASKIS-BVENTIVE3918THEIHOTEL.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. EIH is the large dot.

Capital: growth delivered against growth the price implies

0%+25%+50%+75%0%50%9616HBXLINDMCRI600258CHALET0069MELSKIS-B600754VENTIVE3918THEIHOTEL.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. EIH is the large dot.

EIH competitors and peer comparison

Head to head with its named competitors (EIHOTEL.NS vs INDHOTEL.NS vs THELEELA.NS vs ITCHOTELS.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
EIH EIHOTEL.NS$2.07B-7%+8%29%23.2×28.9%
Indian Hotels INDHOTEL.NS$13.4B+33%+15%26%55.6×42.0%
Leela Palaces Hotels & Resorts THELEELA.NS$2.45B+65%+17%42%43.7×n/a
ITC Hotels ITCHOTELS.NS$3.85B+5%+65%25%34.6×37.0%

How EIH compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

EIH against its 20 peers (data as of 6 Nov 2026)
MeasureEIHOTEL.NSPeer medianRank in peer set
1-month return+5.6%+7.4%10th lowest of 21
6-month return-6.5%-4.5%11th highest of 21
Distance from 52-week high-22.7%-16.7%9th lowest of 21
Revenue growth (TTM)+8.3%+5.7%8th highest of 21
Operating margin29.2%13.8%6th highest of 21
Forward P/E23.2×17.0×5th most expensive of 18
Growth the price implies (Req g, 7 yrs)28.9%0.7%4th most demanding of 19
Growth delivered (Del g)+42.9%+17.3%4th highest of 19
Hurdle (Req g minus delivered)-14.0 pp-19.3 pp3rd most demanding of 19
ROIC minus cost of capital-2.8 pp+1.0 pp7th lowest of 21
EV / EBITDA19.0×12.9×5th most expensive of 19
Net debt / EBITDA-0.8×2.5×least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
EIH EIHOTEL.NSIndia$2.07B-7%+8%29%23.2×28.9%+42.9%
Hotel Properties H15.SISingapore$2.07B+11%+2%7%n/an/an/a
Kyoritsu Maintenance 9616.TJapan$2.00B+47%+20%9%16.7×2.3%+17.8%
Hbx Group International HBX.MCSpain$2.19B+29%+4%38%9.6×-4.2%+18.4%
Lindblad Expeditions LINDUnited States$2.23B+61%+17%8%89.0×33.0%+56.4%
Monarch Casino & Resort MCRIUnited States$1.92B-8%+5%27%15.6×6.7%+24.2%
BTG Hotels (Group) Co Ltd Shs -A- 600258.SSChina$2.25B-14%-3%18%17.0×-11.1%+7.6%
Chalet Hotels CHALET.NSIndia$1.88B+2%-17%34%28.1×24.1%+57.5%
Scandic Hotels SHOT.STSweden$2.29B+16%+3%13%17.2×3.2%+24.4%
Shangri-La Asia 0069.HKHong Kong$1.87B-9%+5%35%10.6×-8.7%+16.8%
Resorttrust 4681.TJapan$2.36B-1%+8%12%16.4×-6.4%+9.4%
Melco Resorts & Entertainment Ltd. Sponsored ADR MLCOUnited States$1.79B-16%+6%12%7.5×-6.2%+24.5%
Leela Palaces Hotels & Resorts THELEELA.NSIndia$2.45B+65%+17%42%43.7×n/an/a
Melia Hotels International MEL.MCSpain$2.67B-10%+5%13%15.2×7.3%+31.5%
SkiStar SKIS-B.STSweden$1.58B+27%+7%17%21.3×8.4%+12.5%
Guoco 0053.HKHong Kong$2.90B0%-11%13%n/a-3.9%+16.0%
Great Eagle 0041.HKHong Kong$1.37B-24%+75%12%n/a-0.9%+13.8%
Shanghai Jin Jiang International Hotels 600754.SSChina$3.18B-16%+5%14%19.5×-8.1%+6.9%
Ventive Hospitality VENTIVE.NSIndia$1.34B-17%+15%29%26.2×29.9%+78.5%
NagaCorp 3918.HKHong Kong$1.21B-48%+12%58%4.7×-19.3%-4.1%
Target Hospitality THUnited States$1.13B-26%+12%-9%22.9×49.9%+7.3%

Questions

Who are EIH's main competitors?
Named competitors: Indian Hotels Company (INDHOTEL.NS), Leela Palaces (THELEELA.NS), ITC Hotels (ITCHOTELS.NS). The cockpit's measured peer set (industry) also includes Hotel Properties (H15.SI), Kyoritsu Maintenance (9616.T), Hbx Group International (HBX.MC), Lindblad Expeditions (LIND), Monarch Casino & Resort (MCRI), BTG Hotels (Group) Co Ltd Shs -A- (600258.SS).
Is EIH expensive compared with its peers?
On forward p/e it trades at 23.2× against a peer median of 17.0×, 5th most expensive of 18 in its peer set. For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +43%, so the hurdle is -14 pp: the price already allows for a slowdown.
How has EIH stock performed?
Over six months to 6 Nov 2026 the shares returned -6.5% against -4.5% for the median peer; over one year -20.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.