Loading…
Employees: 8,619
Size Lemon Tree Hotels (LEMONTREE.NS) is an India Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $984M, the 600th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹117.39 on 6 Nov 2026.
Performance Over six months the shares fell 3.6%, against -12.9% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 10.5% over the last twelve months (peer median +6.0%); the operating margin is 38.0% (peer median 15.8%).
Valuation It trades at 31.1× forward earnings against a peer median of 15.9× (3rd most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +41%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.1 points above its cost of capital (13.0% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹14.7B | ₹14.2B | ₹12.6B | ₹10.1B | ₹8.75B |
| Revenue growth | — | +12% | +25% | +16% | — |
| Gross profit | ₹9.14B | ₹7.68B | ₹6.66B | ₹5.19B | ₹4.57B |
| EBITDA | ₹7.00B | ₹6.72B | ₹6.16B | ₹4.66B | ₹4.48B |
| Net income | ₹2.35B | ₹2.27B | ₹1.97B | ₹1.48B | ₹1.15B |
| Free cash flow | n/a | ₹2.78B | ₹2.88B | -₹207M | ₹853M |
| Capital expenditure | n/a | ₹1.38B | ₹958M | ₹3.31B | ₹1.62B |
| Total debt | n/a | ₹20.0B | ₹21.5B | ₹23.4B | ₹21.8B |
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.
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.
| Measure | LEMONTREE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.3% | -3.3% | 6th highest of 21 |
| 6-month return | -3.6% | -12.9% | 9th highest of 20 |
| Distance from 52-week high | -31.2% | -27.5% | 8th lowest of 21 |
| Revenue growth (TTM) | +10.5% | +6.0% | 7th highest of 21 |
| Operating margin | 38.0% | 15.8% | 3rd highest of 21 |
| Forward P/E | 31.1× | 15.9× | 3rd most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 17.4% | -0.7% | 4th most demanding of 19 |
| Growth delivered (Del g) | +41.3% | +16.8% | 3rd highest of 19 |
| Hurdle (Req g minus delivered) | -23.9 pp | -13.6 pp | 6th least demanding of 19 |
| ROIC minus cost of capital | +7.1 pp | -0.6 pp | 4th highest of 21 |
| EV / EBITDA | 13.3× | 12.9× | 9th most expensive of 18 |
| Net debt / EBITDA | 2.6× | 2.4× | 8th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lemon Tree Hotels LEMONTREE.NS | India | $984M | -4% | +10% | 38% | 31.1× | 17.4% | +41.3% |
| HtlShilla 008770.KS | South Korea | $985M | -46% | +1% | 3% | 15.1× | -7.6% | +5.0% |
| Pierre et Vacances VAC.PA | France | $974M | -1% | +5% | 15% | 15.6× | -0.6% | +9.8% |
| Huangshan Tourism Development 600054.SS | China | $926M | -13% | +2% | 20% | 23.0× | -9.4% | +23.2% |
| Fujita Kanko 9722.T | Japan | $1.08B | +37% | +3% | 16% | 12.9× | -4.6% | +25.2% |
| Guangzhou Lingnan 000524.SZ | China | $885M | -19% | +6% | 2% | 62.9× | 11.7% | +19.4% |
| Hongkong & Shanghai Hotels 0045.HK | Hong Kong | $1.11B | -12% | -4% | 13% | n/a | 4.0% | +24.1% |
| PPHE Hotel PPH.L | United Kingdom | $864M | -2% | +5% | 19% | 21.0× | 7.7% | +35.6% |
| Target Hospitality TH | United States | $1.13B | -26% | +12% | -9% | 22.9× | 49.9% | +7.3% |
| Centurion OU8.SI | Singapore | $810M | -18% | +26% | 61% | 11.3× | -3.8% | +18.2% |
| NagaCorp 3918.HK | Hong Kong | $1.21B | -48% | +12% | 58% | 4.7× | -19.3% | -4.1% |
| Kelsian KLS.AX | Australia | $797M | +5% | +9% | 6% | 11.2× | 9.2% | +15.4% |
| Ventive Hospitality VENTIVE.NS | India | $1.34B | -17% | +15% | 29% | 26.2× | 29.9% | +78.5% |
| Great Eagle 0041.HK | Hong Kong | $1.37B | -24% | +75% | 12% | n/a | -0.9% | +13.8% |
| Waterways Leisure Tourism CORDELIA.NS | India | $677M | n/a | -2% | 14% | n/a | n/a | n/a |
| Formosa International Hotels 2707.TW | Taiwan | $668M | +2% | +6% | 26% | 13.3× | -7.7% | +4.7% |
| Imperial Hotel 9708.T | Japan | $666M | -26% | +10% | 3% | 47.6× | n/a | n/a |
| SkiStar SKIS-B.ST | Sweden | $1.58B | +27% | +7% | 17% | 21.3× | 8.4% | +12.5% |
| Lotte Tour Development 032350.KS | South Korea | $591M | -51% | +39% | 24% | 15.9× | -6.4% | +108.0% |
| India Tourism Development ITDC.NS | India | $572M | +6% | -9% | 16% | n/a | 58.7% | +24.6% |
| Harbour Centre Development 0051.HK | Hong Kong | $557M | +38% | +1% | 20% | n/a | -3.9% | -16.5% |