Lemon Tree Hotels logo

Lemon Tree Hotels share price

NSE: LEMONTREEBSE: 541233Leisure ServicesSmall Cap

Last close ₹108.94down ₹2.01 (1.81%)BSE ₹108.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹110.95.

52-week range of traded prices to 23 Oct 2026
₹99.61Low, 16 Mar 2026₹170.68High, 31 Oct 2025
Market cap
₹8,631 Cr577th largest listed
P/E
36.8
P/E without one-offs
32.2
P/B
6.2
Dividend yield
Nonein the last 12 months
ROE
18.4%
ROE without one-offs
21.0%
ROCE
13.7%
Debt to equity
0.96
Volume, NSE
26,28,69542.7% delivered

Share price

Daily closes since Apr 2018, adjusted for splits and bonuses

−34.7%over a year · Nifty 500 −9.8%

Results20-session average 44,11,209 shares a day, 44.2% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 7 Aug

Revenue
₹345 Crdown 17.24%
Net profit
₹57 Crdown 50.76%
Net margin
16.6%

Revenue by year

Peak revenue ₹1,445 Cr, year to Mar 2026

Net profit by year, a loss in red

  • Net profit
  • Loss
A loss in 3 of the 9 years shown
₹ croreSep 2024Filed 15 NovDec 2024Filed 5 FebMar 2025Filed 16 JunJun 2025Filed 8 AugSep 2025Filed 12 NovDec 2025Filed 6 FebMar 2026Filed 28 MayJun 2026Filed 7 Aug
Revenue284355379316306406416345
Net profit358010848428211657
Net margin12.3%22.5%28.6%15.2%13.7%20.2%28.0%16.6%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Hotel Business, which carries all its revenue.

Valuation

Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history

Price to earnings

At or below today's level on 4% of 979 trading days over the last 5 years.

LowestHighest
Its median65.5Industry median26.3
Price to book

At or below today's level on 41% of 1,969 trading days since Nov 2018.

LowestHighest
Its median6.9Industry median1.6
EV to EBITDA15.0

At or below today's level on 8% of 1,904 trading days since Feb 2019.

LowestHighest
Its median25.8Industry median15.5

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−21.8%+15.7%−32.4%0.0%
3 years+9.1%+25.6%−13.1%0.0%
5 years+22.1%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 and 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters22.32%
  • Foreign institutions18.26%
  • Indian institutions14.80%
  • Individuals and others44.57%
  • Employee trusts0.05%
Holder
SPANK MANAGEMENT SERVICES PRIVATE LIMITEDPromoter21.12%
APG STRATEGIC REAL ESTATE POOL N.V.Foreign companies14.99%
NOMURA INDIA INVESTMENT FUND MOTHER FUNDForeign portfolio investors, category I1.63%
ALLIANZ GLOBAL INVESTORS GMBH ACTING ON BEHALF OF ALLIANZ SOAFONDSForeign portfolio investors, category I1.60%
SPARROW BUILDWELL PRIVATE LIMITEDPromoter0.86%
ILA DUBEYPromoter0.31%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

67 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 45 of the 45 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Added
13
Cut
32
Held unchanged
22
Sold out
9
Fund
Nippon India Mutual Fund logoNippon India Small Cap FundNippon India Mutual Fund1,91,33,5360.25%₹199.5 Cr
Franklin Templeton Mutual Fund logoFranklin India Small Cap FundFranklin Templeton Mutual Fund1,44,70,3681.06%₹150.9 Cr
SBI Mutual Fund logoSBI Small Cap FundSBI Mutual Fund1,30,83,2690.33%₹136.4 Cr
HSBC Mutual Fund logoHSBC Small Cap FundHSBC Mutual Fund1,15,95,3840.65%₹120.9 Cr
Franklin Templeton Mutual Fund logoFranklin India Opportunities FundFranklin Templeton Mutual Fund90,02,6500.98%₹93.9 Cr
Franklin Templeton Mutual Fund logoFranklin India Flexi Cap FundFranklin Templeton Mutual Fund76,82,8530.44%₹80.1 Cr
SBI Mutual Fund logoSBI ESG Exclusionary Strategy FundSBI Mutual Fund50,00,0001.05%₹52.1 Cr
SBI Mutual Fund logoSBI Large & Midcap FundSBI Mutual Fund42,10,2850.11%₹43.9 Cr
Franklin Templeton Mutual Fund logoFranklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund33,03,3370.59%₹34.4 Cr
HSBC Mutual Fund logoHSBC ELSS Tax saver FundHSBC Mutual Fund32,59,7530.86%₹34.0 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Hotels & Resorts, 73 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Lemon Tree Hotels in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Leela Palaces Hotels & Resorts logoLeela Palaces Hotels & ResortsTHELEELA19,30141.72.924.7––7.3%8.7%0.00%
EIH logoEIHEIHOTEL18,01725.33.416.6+8.3%+4.5%14.4%16.3%0.52%
Chalet Hotels logoChalet HotelsCHALET17,28732.74.718.1+6.0%+85.3%15.7%13.7%0.25%
Ventive Hospitality logoVentive HospitalityVENTIVE13,000–2.413.5–––8.4%0.00%
India Tourism Development Corporation logoIndia Tourism Development CorporationITDC5,14062.512.253.7−9.4%+3.5%20.9%20.4%0.49%
Juniper Hotels logoJuniper HotelsJUNIPER4,33426.11.511.8+11.5%+141.7%5.9%8.9%0.00%
Mahindra Holidays & Resorts India logoMahindra Holidays & Resorts IndiaMHRIL3,74868.04.78.2+7.4%−59.0%7.2%8.7%0.00%
Samhi Hotels logoSamhi HotelsSAMHI3,3996.71.611.2+11.1%+411.4%30.3%7.8%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Share news and announcements

Lemon Tree Hotels share price by year

Each calendar year to 2025.Lemon Tree Hotels share price history

YearClose at year endChangeHighest closeLowest close
2025159.26+4.1%177.93121.71
2024152.96+27.6%157.53114.03
2023119.85+39.9%122.8072.85
202285.65+83.8%100.9045.80
202146.60+15.8%58.3028.60
202040.25−37.1%63.3014.40
201964.00−13.0%87.9051.00
201873.60–84.7063.05
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 9 Apr 2018.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026110.81111.49106.65108.94108.7726,28,69542.7%
22 Oct 2026110.50111.96108.15110.95110.5121,33,40538.8%
21 Oct 2026111.67113.00109.16109.82110.7218,41,99548.4%
19 Oct 2026113.57114.07111.15111.67112.6117,50,38634.8%
16 Oct 2026113.50115.24111.65113.42113.6424,21,41236.8%
15 Oct 2026112.52117.90111.90112.50114.5577,39,42128.1%
14 Oct 2026111.80112.46110.90111.46111.6011,15,34444.9%
13 Oct 2026111.00112.60110.02111.86111.7824,84,35648.5%
12 Oct 2026110.47111.88109.61110.69110.9620,99,24248.8%
9 Oct 2026110.05111.20108.58110.43110.1919,20,83241.0%
Prices in ₹ per share as traded, not adjusted.

About Lemon Tree Hotels

Lemon Tree Hotels Limited runs hotels in India for business and leisure travellers. Its hotels span the upscale, upper midscale, midscale and economy segments. The company owns and leases hotels, and it also manages and franchises hotels for other owners. Its brands include Aurika Hotels & Resorts, Lemon Tree Hotels, Red Fox by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels and Keys Lite by Lemon Tree Hotels.

The company has a portfolio of 268 hotels, of which 131 are operating and 137 are in the pipeline, across India and international markets. Its operating hotels include properties in 3 international markets. In the year to March 2026 it signed 56 hotels.

Lemon Tree opened its first hotel in May 2004, with 49 rooms. It was incorporated in 1992. Its registered office is in Gurugram, Haryana, and its corporate office is at Aerocity, New Delhi. In the year to March 2026 its Board approved a Composite Scheme of Arrangement to reshape the corporate and hotel ownership structure of the company. Fleur Hotels Limited is a material subsidiary of the company.

Mr. Patanjali Govind Keswani is the promoter of the company. A promoter is the person or group that set up a company or controls it. He is the Executive Chairman of Lemon Tree Hotels and also serves as Executive Director and Chairman of Fleur Hotels Limited. His son, Aditya Madhav Keswani, is a Non-Executive Director of the company.

Legal name
Lemon Tree Hotels Limited
NSE symbol
LEMONTREE
BSE code
541233
ISIN
INE970X01018
Industry
Leisure Services
Listed
Apr 2018
Face value
₹10
CIN
L74899HR1992PLC140546
Corporate identity number, the registrar of companies' code for it