Indian Hotels Co Ltd
About
Indian Hotels Company Limited, the largest hospitality company in the country, was established in 1902 with the Taj Mahal Palace in Mumbai as its crowning jewel. IHCL operates over 300 hotels globally under different brands. The luxury segment is serviced by Taj and Ama. Vivanta and Seleqtions focus on the upscale segment, and the midscale, economical segment houses two brands - The Ginger and the Gateway. The company is increasingly switching to an asset-light model with an owned-to-managed ratio of 50:50 in FY2025. The asset-light strategy focuses on managing hotel properties through contracts rather than owning them. TajSATS, which boasts a 60% market share in the Indian airline catering segment, is another feather in the company’s cap. Born out of a partnership between IHCL and Singapore Airport Terminal Services over 40 years ago, TajSATS serves 150,000+ meals across 1000 flights daily.
Featured In Fortune India Ranking
Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 6952 16.6% | 5961 84.7% | 3227 69.9% | 1900 -59.2% | 4658 0.3% | 4644 10.8% | 4191 0.4% | 4173 2.7% | 4065 -6.2% | 4334 5.0% | 4126 8.1% | 3817 8.6% | 3515 18.7% | 2962 11.9% | 2647 -5.5% | 2799 - |
| Net Operating Income (INR Cr) | 6769 16.50% | 5810 90.10% | 3056 94.03% | 1575 -64.71% | 4463 -1.08% | 4512 9.95% | 4104 2.06% | 4021 -0.06% | 4023 -3.95% | 4189 3.01% | 4066 8.62% | 3743 8.71% | 3444 20.30% | 2862 13.54% | 2521 -6.15% | 2686 -8.01% |
| Profit (INR Cr) | 1259 25.6% | 1003 - | -248 - | -720 - | 354 23.6% | 287 184.4% | 101 - | -63 - | -231 - | -378 - | -554 - | -430 - | 3 - | -87 - | -137 - | 12 - |
| Assets (INR Cr) | 12979 8.8% | 11925 2.1% | 11678 17.6% | 9935 -0.3% | 9963 28.5% | 7756 0.4% | 7723 9.2% | 7071 -14.3% | 8250 -5.0% | 8680 4.5% | 8307 0.4% | 8277 0.6% | 8225 2.0% | 8066 10.5% | 7300 -11.4% | 8243 - |
| Net Worth (INR Cr) | 9457 18.5% | 7982 13.0% | 7062 93.6% | 3648 -16.3% | 4357 0.2% | 4348 4.0% | 4181 66.1% | 2518 -2.4% | 2580 18.5% | 2177 -15.6% | 2580 -12.0% | 2933 -3.7% | 3046 11.1% | 2742 13.6% | 2415 -23.0% | 3134 38.1% |
| Employee Cost (INR Cr) | 1805 14.1% | 1582 37.6% | 1150 28.7% | 894 -40.2% | 1495 1.6% | 1471 9.2% | 1347 -1.3% | 1365 -4.1% | 1423 -2.7% | 1462 6.3% | 1375 8.2% | 1272 10.7% | 1149 19.3% | 963 13.6% | 848 -2.3% | 868 - |
| Interest Cost (INR Cr) | 220 | 236 | 428 | 403 | 341 | 190 | 269 | 324 | 376 | 176 | 169 | 171 | 212 | 294 | 339 | 270 |
| Cash & Bank Balance (INR Cr) | 1486 | 1053 | 1188 | 154 | 316 | 241 | 270 | 247 | 183 | 504 | 184 | 210 | 160 | 191 | 549 | 253 |
| Total Debt (INR Cr) | 2736 | 3139 | 3888 | 5518 | 4501 | 2326 | 2427 | 3383 | 4526 | 5074 | 4252 | 3818 | 3803 | 4243 | 4483 | 4671 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 18.1% | 16.8% | - | - | 7.6% | 6.2% | 2.4% | - | - | - | - | - | 0.1% | - | - | 0.5% |
| Profit As % Of Assets | 9.7% | 8.4% | - | - | 3.6% | 3.7% | 1.3% | - | - | - | - | - | 0.0% | - | - | 0.2% |
| Profit As % Of Networth | 13.3% | 12.6% | - | - | 8.1% | 6.6% | 2.4% | - | - | - | - | - | 0.1% | - | - | 0.4% |
| Interest Cost to EBITDA % | 10.2% | 13.1% | 105.7% | - | 36.1% | 24.1% | 40.3% | 64.6% | 71.3% | 196.9% | 3562.6% | 183.1% | 39.1% | 65.9% | 85.5% | 53.7% |
| Debt to Equity Ratio | 0.29 | 0.39 | 0.55 | 1.51 | 1.03 | 0.53 | 0.58 | 1.34 | 1.75 | 2.33 | 1.65 | 1.30 | 1.25 | 1.55 | 1.86 | 1.49 |
| RONW | 13.7% | 12.8% | - | - | 6.3% | 5.7% | 1.7% | - | - | - | - | - | 0.7% | - | - | 0.2% |
| ROCE | 15.9% | 13.6% | 0.0% | 0.0% | 7.5% | 8.5% | 6.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.4% | 0.0% | 3.1% | 6.7% |