VHLTD

Viceroy Hotels Limited

Marriott branded hotels and executive apartments in Hyderabad

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

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

Price as of 2026-10-16

Stock price
₹156.07
Market cap
1,198 Cr
Stock P/E
57.6 · FY26
P/B
3.95
ROE (FY26)
6.9%
ROCE (FY26)
5.6%
Operating margin (FY26)
16.0%
Debt / equity (FY26)
0.99
OCF / EBITDA (FY26)
152.2%
OCF / EBITDA (3Y)
-77.3%

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

Viceroy Hotels owns and runs three Marriott-brand hotels in Hyderabad, selling rooms, banquets and restaurant meals to corporate, group and social guests.

Company snapshot

19thBy market cap

Ranked among 37 companies in Hotels & Resorts.

What we see

Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

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

MetricMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Dec 2025Mar 2026Jun 2026
Sales41 Cr32 Cr32 Cr38 Cr35 Cr39 Cr48 Cr45 Cr
Operating expenses (approx.)29 Cr27 Cr24 Cr26 Cr26 Cr27 Cr34 Cr33 Cr
EBITDA12 Cr5 Cr8 Cr11 Cr10 Cr12 Cr14 Cr11 Cr
OPM %29.2%14.3%24.6%30.1%27.0%31.4%29.7%25.6%
Other income-3 Cr0.40 Cr1 Cr0.40 Cr1 Cr3 Cr1 Cr0.29 Cr
Interest1 Cr1 Cr1 Cr2 Cr0.64 Cr1 Cr5 Cr5 Cr
Depreciation8 Cr3 Cr3 Cr3 Cr3 Cr3 Cr5 Cr5 Cr
Profit before tax0.22 Cr1 Cr5 Cr7 Cr7 Cr11 Cr6 Cr1 Cr
Tax %0.0%17.4%-1057.6%-4.3%-40.9%-2.0%-9.0%-5.2%
Net profit0.22 Cr1 Cr60 Cr7 Cr10 Cr11 Cr6 Cr1 Cr
EPS (₹)₹0.04₹0.17₹9.45₹1.15₹1.62₹1.63₹0.89₹0.21

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026TTM
Sales—118 Cr122 Cr122 Cr35 Cr52 Cr138 Cr137 Cr143 CrSign in free for the trailing twelve months
Operating expenses (approx.)—111 Cr126 Cr131 Cr55 Cr87 Cr120 Cr104 Cr105 CrSign in free for the trailing twelve months
EBITDA—7 Cr-4 Cr-8 Cr-20 Cr-34 Cr18 Cr33 Cr38 CrSign in free for the trailing twelve months
OPM %—6.2%-3.0%-6.9%-56.8%-65.5%12.9%24.3%26.6%Sign in free for the trailing twelve months
Other income—19 Cr3 Cr5 Cr6 Cr18 Cr1 Cr4 Cr7 CrSign in free for the trailing twelve months
Interest—23 Cr2 Cr0.77 Cr0.61 Cr0.75 Cr1 Cr5 Cr9 CrSign in free for the trailing twelve months
Depreciation—10 Cr11 Cr10 Cr10 Cr9 Cr14 Cr12 Cr15 CrSign in free for the trailing twelve months
Profit before tax—-433 Cr-14 Cr-15 Cr-24 Cr-26 Cr0.29 Cr21 Cr21 CrSign in free for the trailing twelve months
Tax %—-2.3%-14.3%-11.3%15.8%-1.6%-731.7%-280.0%12.4%Sign in free for the trailing twelve months
Net profit—-443 Cr-16 Cr-17 Cr-21 Cr-26 Cr2 Cr78 Cr18 CrSign in free for the trailing twelve months
EPS (₹)—₹-104.55₹-3.72₹-3.98₹-4.85₹-6.20₹1.41₹12.21₹2.91Sign in free for the trailing twelve months
Dividend payout %——————0.0%0.0%0.0%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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
Equity capital42 Cr42 Cr42 Cr42 Cr42 Cr42 Cr63 Cr68 Cr68 Cr
Reserves120 Cr-408 Cr-423 Cr-440 Cr-461 Cr-487 Cr4 Cr177 Cr199 Cr
Borrowings464 Cr533 Cr540 Cr547 Cr544 Cr548 Cr168 Cr52 Cr264 Cr
Other liabilities301 Cr274 Cr283 Cr280 Cr280 Cr278 Cr92 Cr15 Cr26 Cr
Total liabilities927 Cr442 Cr441 Cr429 Cr405 Cr381 Cr327 Cr312 Cr557 Cr
Fixed assets (net)187 Cr282 Cr273 Cr263 Cr249 Cr230 Cr214 Cr178 Cr346 Cr
CWIP437 Cr92 Cr92 Cr92 Cr100 Cr100 Cr37 Cr15 Cr57 Cr
Investments130 Cr—————0 Cr30 Cr0.59 Cr
Inventories2 Cr2 Cr2 Cr2 Cr1 Cr0.91 Cr0.80 Cr0.57 Cr0.69 Cr
Trade receivables12 Cr12 Cr14 Cr12 Cr9 Cr6 Cr8 Cr7 Cr6 Cr
Cash & bank4 Cr-0.81 Cr6 Cr0.30 Cr0.93 Cr3 Cr30 Cr6 Cr19 Cr
Other assets156 Cr55 Cr55 Cr60 Cr45 Cr42 Cr37 Cr75 Cr126 Cr
Total assets927 Cr442 Cr441 Cr429 Cr405 Cr381 Cr327 Cr312 Cr557 Cr

Cash flows

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
Cash from operating activity58 Cr-104 Cr1 Cr-12 Cr—-7 Cr-159 Cr32 Cr58 Cr
Cash from investing-15 Cr54 Cr-2 Cr-0.13 Cr—5 Cr42 Cr-77 Cr-210 Cr
Cash from financing-40 Cr46 Cr7 Cr6 Cr—4 Cr135 Cr-83 Cr165 Cr
Net cash flow3 Cr-5 Cr7 Cr-5 Cr—2 Cr18 Cr-128 Cr14 Cr
Free cash flow (OCF − Capex)30 Cr—-0.62 Cr-12 Cr—-7 Cr-159 Cr14 Cr-65 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
ROCE %——————0.7%8.6%5.6%
ROE %——————3.6%31.9%6.9%
Debtor days—3641369539211916
Inventory days—18232431981417
Days payable—34934234667120183130190
Cash conversion cycle—-295-279-286-546-152-54-98-157
OCF / EBITDA %—-1436.8%————-893.7%96.7%152.2%
OCF / EBITDA % (3 years)————————-77.3%
Debt / equity2.85—————2.520.210.99
Current ratio0.150.150.130.150.110.110.922.921.22
Net debt / EBITDA—73.46————7.741.396.43