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Blackstone-Panchshil joint venture operating branded hotels (Marriott, JW Marriott and others) across Indian cities.
Blackstone-Panchshil joint venture operating branded hotels (Marriott, JW Marriott and others) across Indian cities.
Moat: narrow (brand, installed base). Institutional (Blackstone/Panchshil) backing and branded hotel management agreements support quality and scale.
Headquarters: Pune, India · Employees: 3,111
Size Ventive Hospitality (VENTIVE.NS) is an India Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $1.34B, the 507th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹540.55 on 6 Nov 2026.
Performance Over six months the shares fell 17.4%, against -7.4% for the median peer and 0.0% for the India market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 14.8% over the last twelve months (peer median +5.3%); the operating margin is 28.9% (peer median 16.2%).
Valuation It trades at 26.2× forward earnings against a peer median of 16.7× (4th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +79%, so the hurdle is -49 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.5 points below its cost of capital (17.0% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹25.6B | ₹24.5B | ₹16.0B | ₹4.78B | ₹4.31B |
| Revenue growth | — | +54% | +234% | +11% | — |
| Gross profit | ₹15.9B | ₹13.7B | ₹9.07B | ₹3.52B | ₹2.92B |
| EBITDA | ₹11.0B | ₹10.9B | ₹7.60B | ₹2.86B | ₹2.41B |
| Net income | ₹4.50B | ₹4.26B | ₹1.20B | ₹1.66B | ₹1.31B |
| Free cash flow | n/a | ₹6.40B | ₹4.47B | ₹1.97B | ₹1.40B |
| Capital expenditure | n/a | ₹1.97B | ₹554M | ₹321M | ₹213M |
| Total debt | ₹30.3B | ₹25.7B | ₹27.4B | ₹4.70B | ₹4.84B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ventive Hospitality VENTIVE.NS | $1.34B | -17% | +15% | 29% | 26.2× | 29.9% |
| Chalet Hotels CHALET.NS | $1.88B | +2% | -17% | 34% | 28.1× | 24.1% |
| Indian Hotels INDHOTEL.NS | $13.4B | +33% | +15% | 26% | 55.6× | 42.0% |
| Lemon Tree Hotels LEMONTREE.NS | $984M | -4% | +10% | 38% | 31.1× | 17.4% |
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 | VENTIVE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.2% | +2.5% | 5th lowest of 21 |
| 6-month return | -17.4% | -7.4% | 6th lowest of 21 |
| Distance from 52-week high | -31.9% | -24.8% | 6th lowest of 21 |
| Revenue growth (TTM) | +14.8% | +5.3% | 3rd highest of 21 |
| Operating margin | 28.9% | 16.2% | 7th highest of 21 |
| Forward P/E | 26.2× | 16.7× | 4th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 29.9% | 2.3% | 2nd most demanding of 20 |
| Growth delivered (Del g) | +78.5% | +19.4% | highest of 20 |
| Hurdle (Req g minus delivered) | -48.7 pp | -17.5 pp | least demanding of 20 |
| ROIC minus cost of capital | -11.5 pp | +1.9 pp | 2nd lowest of 21 |
| EV / EBITDA | 15.1× | 12.5× | 5th most expensive of 18 |
| Net debt / EBITDA | 2.4× | 2.6× | 8th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| NagaCorp 3918.HK | Hong Kong | $1.21B | -48% | +12% | 58% | 4.7× | -19.3% | -4.1% |
| Target Hospitality TH | United States | $1.13B | -26% | +12% | -9% | 22.9× | 49.9% | +7.3% |
| SkiStar SKIS-B.ST | Sweden | $1.58B | +27% | +7% | 17% | 21.3× | 8.4% | +12.5% |
| Hongkong & Shanghai Hotels 0045.HK | Hong Kong | $1.11B | -12% | -4% | 13% | n/a | 4.0% | +24.1% |
| Fujita Kanko 9722.T | Japan | $1.08B | +37% | +3% | 16% | 12.9× | -4.6% | +25.2% |
| Melco Resorts & Entertainment Ltd. Sponsored ADR MLCO | United States | $1.79B | -16% | +6% | 12% | 7.5× | -6.2% | +24.5% |
| HtlShilla 008770.KS | South Korea | $985M | -46% | +1% | 3% | 15.1× | -7.6% | +5.0% |
| Lemon Tree Hotels LEMONTREE.NS | India | $984M | -4% | +10% | 38% | 31.1× | 17.4% | +41.3% |
| Pierre et Vacances VAC.PA | France | $974M | -1% | +5% | 15% | 15.6× | -0.6% | +9.8% |
| Shangri-La Asia 0069.HK | Hong Kong | $1.87B | -9% | +5% | 35% | 10.6× | -8.7% | +16.8% |
| Chalet Hotels CHALET.NS | India | $1.88B | +2% | -17% | 34% | 28.1× | 24.1% | +57.5% |
| Monarch Casino & Resort MCRI | United States | $1.92B | -8% | +5% | 27% | 15.6× | 6.7% | +24.2% |
| Huangshan Tourism Development 600054.SS | China | $926M | -13% | +2% | 20% | 23.0× | -9.4% | +23.2% |
| Kyoritsu Maintenance 9616.T | Japan | $2.00B | +47% | +20% | 9% | 16.7× | 2.3% | +17.8% |
| Guangzhou Lingnan 000524.SZ | China | $885M | -19% | +6% | 2% | 62.9× | 11.7% | +19.4% |
| PPHE Hotel PPH.L | United Kingdom | $864M | -2% | +5% | 19% | 21.0× | 7.7% | +35.6% |
| EIH EIHOTEL.NS | India | $2.07B | -7% | +8% | 29% | 23.2× | 28.9% | +42.9% |
| Hotel Properties H15.SI | Singapore | $2.07B | +11% | +2% | 7% | n/a | n/a | n/a |
| Hbx Group International HBX.MC | Spain | $2.19B | +29% | +4% | 38% | 9.6× | -4.2% | +18.4% |