Sharekhan has given Buy recommendation for Indian Hotels Company with a target price of Rs. 380 in its research report issued on Sep 23, 2022

Sharekhan’s research report on Indian Hotels Company

Strong industry tailwinds, scale-up in new ventures and lean balance sheet makes it a strong play in the hospitality space. Sustained high domestic leisure travel demand and a likely pick-up in foreign tourist arrivals (FTAs) will drive up room demand and occupancies in the near term. Occupancy ratio would stay close to Q1 levels in Q2 as well despite being a lean season. Average domestic room rentals will stay high as room demand would exceed room supply in the medium term. IHCL plans to open 18 hotels every year to drive demand; large expansion will happen through management contracts.


We retain our Buy recommendation on Indian Hotels Company (IHCL) with revised price target of Rs. 380 (rolling it over to September 2024 EV/EVBIDTA).

Leave a Reply

Your email address will not be published. Required fields are marked *