PARKHOTELS

Apeejay Surrendra Park Hotels Limited

Upscale hotels and entertainment venues under The Park brands and Flurys retail bakery

Consumer Discretionary›Consumer Services›Leisure Services›Hotels & Resorts

theparkhotels.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹106.47
Market cap
2,265 Cr
Stock P/E
35.5
P/B
1.69
Dividend yield
0.5%
ROE (FY26)
4.9%
ROCE (FY26)
9.1%
Operating margin (FY26)
20.3%
Debt / equity (FY26)
0.19
OCF / EBITDA (FY26)
83.3%
OCF / EBITDA (3Y)
84.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Park Hotels (Apeejay Surrendra Park Hotels, ASPHL) runs hotels under The Park and related brands across India and operates the Flurys café and bakery chain, earning from room revenue, food and beverage sales and hotel management fees.

Company snapshot

13thBy market cap

Ranked among 37 companies in Hotels & Resorts.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Hospitality
99.8%
453 Cr162 Cr—
Others
0.2%
0.72 Cr0.18 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.19x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales159 Cr156 Cr135 Cr142 Cr177 Cr177 Cr154 Cr165 Cr200 Cr184 Cr167 Cr
Operating expenses (approx.)103 Cr102 Cr97 Cr100 Cr114 Cr116 Cr109 Cr116 Cr129 Cr131 Cr120 Cr
EBITDA56 Cr54 Cr39 Cr42 Cr63 Cr61 Cr45 Cr49 Cr71 Cr53 Cr47 Cr
OPM %35.2%34.4%28.5%29.4%35.7%34.5%29.4%29.6%35.3%28.8%28.1%
Other income5 Cr0.11 Cr3 Cr15 Cr1 Cr3 Cr2 Cr1 Cr1 Cr0.75 Cr5 Cr
Interest18 Cr15 Cr3 Cr4 Cr5 Cr5 Cr6 Cr5 Cr10 Cr9 Cr10 Cr
Depreciation14 Cr13 Cr14 Cr14 Cr15 Cr20 Cr18 Cr18 Cr19 Cr19 Cr21 Cr
Profit before tax29 Cr26 Cr25 Cr39 Cr45 Cr39 Cr22 Cr28 Cr41 Cr24 Cr20 Cr
Tax %4.4%30.0%107.8%31.2%29.1%32.2%40.1%41.7%41.2%50.9%43.1%
Net profit27 Cr18 Cr-2 Cr27 Cr32 Cr27 Cr13 Cr16 Cr24 Cr12 Cr11 Cr
EPS (₹)₹1.57₹1.02₹-0.09₹1.25₹1.51₹1.24₹0.63₹0.76₹1.13₹0.56₹0.54

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales179 Cr255 Cr506 Cr579 Cr631 Cr707 CrSign in free for the trailing twelve months
Operating expenses (approx.)167 Cr210 Cr347 Cr386 Cr427 Cr489 CrSign in free for the trailing twelve months
EBITDA11 Cr45 Cr159 Cr193 Cr205 Cr218 CrSign in free for the trailing twelve months
OPM %6.4%17.8%31.4%33.2%32.4%30.8%Sign in free for the trailing twelve months
Other income11 Cr13 Cr18 Cr13 Cr22 Cr6 CrSign in free for the trailing twelve months
Interest57 Cr60 Cr62 Cr66 Cr17 Cr30 CrSign in free for the trailing twelve months
Depreciation38 Cr40 Cr49 Cr51 Cr62 Cr74 CrSign in free for the trailing twelve months
Profit before tax-87 Cr-42 Cr65 Cr89 Cr148 Cr116 CrSign in free for the trailing twelve months
Tax %12.6%32.5%26.6%22.4%43.6%43.1%Sign in free for the trailing twelve months
Net profit-76 Cr-28 Cr48 Cr69 Cr84 Cr66 CrSign in free for the trailing twelve months
EPS (₹)₹-4.34₹-1.61₹2.75₹3.82₹3.92₹3.08Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%16.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital17 Cr17 Cr17 Cr21 Cr21 Cr21 Cr
Reserves519 Cr491 Cr538 Cr1,177 Cr1,263 Cr1,321 Cr
Borrowings593 Cr623 Cr567 Cr32 Cr73 Cr257 Cr
Other liabilities151 Cr144 Cr239 Cr246 Cr314 Cr455 Cr
Total liabilities1,280 Cr1,275 Cr1,362 Cr1,476 Cr1,671 Cr2,054 Cr
Fixed assets (net)843 Cr825 Cr819 Cr989 Cr937 Cr1,525 Cr
CWIP27 Cr29 Cr35 Cr57 Cr75 Cr80 Cr
Investments0.02 Cr0.02 Cr0.02 Cr181 Cr56 Cr77 Cr
Loans & advances———0.20 Cr0.14 Cr0.15 Cr
Inventories10 Cr10 Cr13 Cr15 Cr112 Cr114 Cr
Trade receivables20 Cr19 Cr26 Cr34 Cr38 Cr41 Cr
Cash & bank10 Cr9 Cr17 Cr58 Cr21 Cr24 Cr
Other assets371 Cr382 Cr451 Cr141 Cr432 Cr193 Cr
Total assets1,280 Cr1,275 Cr1,362 Cr1,476 Cr1,671 Cr2,054 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity27 Cr58 Cr176 Cr168 Cr167 Cr182 Cr
Cash from investing-25 Cr-22 Cr-42 Cr-101 Cr216 Cr-303 Cr
Cash from financing-5 Cr-37 Cr-126 Cr-40 Cr167 Cr115 Cr
Net cash flow-4 Cr-1 Cr8 Cr28 Cr549 Cr-7 Cr
Free cash flow (OCF − Capex)-15 Cr32 Cr135 Cr49 Cr167 Cr-105 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-2.6%1.6%11.4%12.6%12.1%9.1%
ROE %-14.1%-5.5%8.7%5.7%6.5%4.9%
Debtor days402719212221
Inventory days1331047173512459
Days payable674457300233234220
Cash conversion cycle-502-327-210-139300260
OCF / EBITDA %233.7%127.8%111.0%87.4%81.5%83.3%
OCF / EBITDA % (3 years)——121.0%101.5%92.0%84.0%
Debt / equity1.111.221.020.030.060.19
Current ratio0.270.280.420.961.621.23
Net debt / EBITDA51.2413.493.46-0.140.261.07