Lemon Tree Hotels Ltd

About Lemon Tree Hotels Ltd

Lemon Tree Hotels Ltd. operates a chain of mid-to-upscale hotels across India, catering to both business and leisure travelers. It is India's largest hotel chain in the mid-priced segment and the third largest overall by inventory. The company focuses on offering a consistent, quality experience with a distinct brand identity and diverse portfolio.

Key Financial Ratios of Lemon Tree Hotels Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Lemon Tree Hotels Ltd's P/E ratio (TTM) is 77.48, compared to the industry median of 18.46 and large cap median of 18.46.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Lemon Tree Hotels Ltd's P/B ratio is 6.03, compared to the industry median of 2.02 and large cap median of 2.02.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Lemon Tree Hotels Ltd's P/S ratio is 5.87, compared to the industry median of 3.65 and large cap median of 3.65.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Lemon Tree Hotels Ltd's PEG ratio is 2.39.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Lemon Tree Hotels Ltd's EV/EBITDA ratio is 15.32.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Lemon Tree Hotels Ltd's ROE is 20.69%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Lemon Tree Hotels Ltd's ROA is 16.10%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Lemon Tree Hotels Ltd's ROCE is 14%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Lemon Tree Hotels Ltd's operating margin is 47.78%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Lemon Tree Hotels Ltd's net margin is 19.94%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Lemon Tree Hotels Ltd's current ratio is 0.50.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Lemon Tree Hotels Ltd's debt-to-equity ratio is 1.33.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Lemon Tree Hotels Ltd's interest coverage ratio is 3.15.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Lemon Tree Hotels Ltd's DPS is ₹0.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Lemon Tree Hotels Ltd's EPS is 15.73.

(Source line: "Ratios as of 08 Nov 2026, based on last traded price of ₹106.15. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 2002

• Headquarters: New Delhi, Delhi

• Core Offerings: Hotel accommodation, Food & Beverage services, Banqueting & Conference facilities, Hotel management services

• Stock Listing: NSE (LEMONTREE), BSE (541233)

• Promoter: Patanjali G. Keswani & Family / Lemon Tree Hotels Promoter Group

History of Lemon Tree Hotels Ltd

['2002: Incorporated and founded by Patanjali G. Keswani.', '2004: Opened its first hotel, Lemon Tree Hotel Gurugram.', "2006: Launched its upscale brand 'Lemon Tree Premier'.", "2009: Launched its economy brand 'Red Fox by Lemon Tree Hotels'.", '2018: Successfully completed its Initial Public Offering (IPO) and listed on NSE/BSE.', 'Present: Continues to expand its portfolio of owned, leased, managed, and franchised hotels across various segments in India.']

Business Segments and Revenue Mix

• Owned/Leased Hotels: Properties where Lemon Tree holds ownership or a long-term lease, bearing direct operational and financial risks and rewards from room revenues, F&B, and other services.

• Managed Hotels: Provides comprehensive management and operational services to hotels owned by third parties, earning management fees, which facilitates asset-light expansion.

• Franchised Hotels: Grants rights to independent owners to operate hotels under its established brands in exchange for royalty fees, leveraging its brand recognition for wider market reach.

Key Personnel

Patanjali G. Keswani - Chairman & Managing Director. He is the founder of Lemon Tree Hotels and has over three decades of experience in the hospitality industry, notably with the Taj Group of Hotels before establishing Lemon Tree.

Subsidiaries and Associate Companies

['Carnation Hotels Private Limited (Manages hotels and provides hospitality consulting services)', "Keys Hotels Management Private Limited (Operates hotels under the 'Keys' brand, acquired by Lemon Tree)", 'Grape Hospitality Private Limited (Hotel ownership entity)', 'Pine Tree Hospitality Private Limited (Hotel ownership entity)', 'Magnolia Hospitality Private Limited (Hotel ownership entity)']

Corporate Actions

No major recent corporate actions on record.

References

1. Annual Report FY23-24 (or latest available) 2. Exchange Filings (NSE/BSE) 3. Financial Results Announcement