Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 9 Oct - CARE reaffirms A+/A1 ratings for SAMHI and subsidiaries’ bank facilities.
Source: Bse
Samhi Hotels Limited (SAMHI)
Micro CapConsumer stocks · Micro cap · NSE
Samhi Hotels owns and manages 31 business hotels (4,899 rooms) and has a pipeline of 7 new big-box hotels (1,669 rooms) in key Indian business districts. It also operates an asset-light leisure platform, RARE India, with 75 hotels (1,046 rooms) across India, Nepal, and Bhutan, leveraging global partnerships.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result04 Aug, 01:21 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -3.8% / mo · MACD + · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 27
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SAMHID candles · FIT view-9.6%Latest close ₹146.80 on 2026-10-19
Bar
-0.7%
RSI
42
MACD hist
0.03
52W pos
22%
2026-10-19O ₹147.87H ₹148.76L ₹145.59C ₹146.80Vol 5.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SAMHINifty Consumer DurablesNifty 500
- SAMHI
- -10.0%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- -4.4 pp
Chart stats
19 Oct 2026- From 52W high
- -32.4%
- 52W range position
- 22%
- ATR (14)
- 3.4%
- Volume vs 20D
- 0.60x
- Avg traded value
- ₹12.4 Cr
- 20D price channel
- ₹140.9 - ₹170
₹217.3
₹127 - ₹217.3
₹5
Latest completed session
20-session average
29.0% annualized volatility
Research snapshot
What the evidence says now
Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, but price trend argues for patience. Suitable for staggered entry or watchlist confirmation rather than aggressive buying.
Strong U-Score but weak trend: timing is not confirming the thesis.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · DEEP VALUE83
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average47
Revenue +12.1% · PAT +31.6% YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model+80.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence79
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 47/100margin compression · Rev +12% YoY · PAT +32% YoY · operating leverage
Filed 03 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹305 Cr | +12.1% | -11.6% |
| EBITDA | ₹98 Cr | +8.9% | -12.5% |
| Operating margin | 32.0% | -100 bps | +0 bps |
| PAT | ₹25 Cr | +31.6% | -93.7% |
| PAT margin | 8.2% | +121 bps | -10745 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.63
- P/B
- 1.47
- EV/EBITDA
- 8.93
- Market Cap
- 3209.00Cr
Profitability
- ROE
- 24.50%
- ROCE
- 8.90%
- ROA
- 13.12%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 49.00%
- EPS 5Y
- 23.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 46.00%
Balance Sheet
- Debt/Equity
- 0.85
- Interest Coverage
- 2.78×
- Altman Z
- 2.38
- Book Value
- 98.20
Cash Flow
- FCF Yield
- 6.45%
- FCF Positive Y
- 7/5
- OCF
- 407.00 Cr
- EPS TTM
- 22.71
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 19%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 305-11.6% vs prev
Net Profit
₹ CrLatest: 25.0-93.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 42. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~4.0% over last month) — short-term momentum negative.
- RSI(14) at 42 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 32% off 52W high · 16% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
31
RS percentile
Stage 1 Base / Transition
1M return
-9.4%
3M return
-10.0%
6M return
-11.1%
1Y return
-29.0%
RS 1D
0
RS 20D
-12
Sector rank
#9
Industry rank
#53
Stage evidence
- Price is 8.2% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 74.87+0.46%
RS vs Nifty 50075
Valuation & peers
U-Score 83 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 83 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · DEEP VALUEValuation28/30
Growth23/25
Quality14/20
Balance Sheet3/15
Cash Flow9/10
Piotroski
7/9 (+5)
Penalties
1
Raw sum
83
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
83/100 · legacy band DEEP VALUE
Positive drivers
- FCF yield is supportive at 6.5%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 80.6%.
Main drags
- Balance sheet is weaker at 3/15; verify the latest quarterly trend.
- Quality is weaker at 14/20; verify the latest quarterly trend.
- Cash flow is weaker at 9/10; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
7.6
PB
1.5
EV/EBITDA
8.9
ROE
24.5%
ROCE
8.9%
FCF Yield
6.5%
Debt/Equity
0.8
MoS
+80.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
83
Previous: 83
Legacy U-Score band
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+80.6%
Previous: +80.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
82
82
82
82
82
83
83
83
83
83
83
83
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹224
+34.5% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹756.24
+80.6% MoS
PEG
0.24
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
WONDERLA
Small
Wonderla Holidays Limited
Hospitality
match 154
41
29.7
4.6%
+7%
WATCHLIST
TAJGVK
Small
Taj GVK Hotels & Resorts Limited
Hospitality
match 153
67
13.8
12.0%
+86%
UNDERVALUED
ORIENTHOT
Small
Oriental Hotels Limited
Hospitality
match 153
36
40.4
9.5%
-19%
WATCHLIST
BRIGHOTEL
Small
Brigade Hotel Ventures Limited
Hospitality
match 152
44
31.8
11.2%
+7%
WATCHLIST
MHRIL
Small
Mahindra Holidays & Resorts India Limited
Hospitality
match 151
32
84.1
9.9%
-127%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-12T07:16:06.252Z
Management commentary snapshot
Q1 FY27 comparable revenue grew 10.8% YoY and comparable EBITDA 12.1% YoY, driven by strong domestic demand and 79.3% occupancy. Reported figures were impacted by one-time items and GST changes, leading to a -4.1% YoY reported EBITDA decline.
The company demonstrated resilient comparable growth in Q1 FY27, with strong occupancy and RevPAR, despite external headwinds. The strategic shift towards upscale inventory and the asset-light RARE India platform offer future margin and growth potential, though reported numbers were impacted by one-off items and GST.
Current business mix
Total Income Split by Segment (Q1 FY27)
Latest issuer-disclosed distribution across 3 reported categories.
Upper Upscale & Upscale41.0%
Upper Mid-scale42.0%
Mid-scale17.0%
Growth engines
New Big-Box Hotels
Strong growth pipeline of 7 new big-box hotels in key commercial districts across India, with 1,669 rooms.
Upscale Segment Expansion
On-going rebranding/renovations to increase upscale share from ~41% to ~60% by FY2030, boosting overall revenue per key.
RARE India Leisure Platform
Asset-light, scalable, and unique platform with 75 hotels, leveraging a pending partnership with Marriott for distribution.
Opportunistic Acquisitions
Plans to invest capital to acquire select RARE Hotels where incumbent owners want to exit, offering exceptional returns due to low entry price.
Capacity and execution
W, HITEC City, Hyderabad
170 rooms, opening Q4 FY27, currently under fit-out.
Westin, Whitefield, Bangalore
220 new rooms, opening FY30, currently under construction.
Westin & Fairfield, Navi Mumbai
700 rooms (350 Westin, 350 Fairfield), opening FY31, currently in design phase.
Upper Upscale Hotel, Sec-51, Noida
162 rooms, opening FY30, currently in design phase.
Tailwinds
Resilient Domestic Demand
Domestic travelers now constitute 81% of total room nights sold in Q1 FY27, up from 78% YoY, providing resilience against geopolitical instability.
Robust Commercial Activity
Office leasing momentum remains strong, especially in GCCs, led by Bangalore, Hyderabad, and Pune, accounting for 65%+ of leasing activity.
RARE India - Marriott Partnership
Pending partnership with Marriott will unlock phenomenal value for RARE’s hotel partners and for SAMHI as a shareholder through global distribution.
Headwinds
Geopolitical Headwinds
Middle East conflict impacted international business and airline passenger growth, affecting overall demand.
GST Change Impact
Shift from 12% with ITC to 5% without input credit compressed reported EBITDA growth by ~₹92mn for the quarter.
Approval Delays
Delay in approvals for 22 completed apartments at Hyatt Regency Pune is causing loss of revenue in a strong market.
Risk radar
Geopolitical Instability
Ongoing macro-economic situation and large dependence on gulf carriers for international traffic impacted air passenger trends.
Regulatory Changes
GST change from 12% with ITC to 5% without input credit compressed reported EBITDA growth.
Project Execution Risk
Delay in approvals for Hyatt Regency Pune apartments causing loss of revenue, indicating potential for project delays.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The hotel business often experiences seasonality, making year-over-year comparisons more relevant for assessing underlying performance trends and growth. The presentation itself emphasizes YoY comparable growth.
Sector KPIs management disclosed
Comparable Revenue Growth
Comparable Revenue growth of +10.8% YoY.
Comparable EBITDA Growth
Consol. EBITDA growth of +12.1% YoY Comparable.
Same-store Occupancy
Occupancy level ~79.3% (up from ~74.2% Q1-FY26).
Same-store RevPAR
Same-store RevPAR ₹5,219, a +9.6% YoY growth.
Management forward view
Formidable Path to Growth
The ongoing growth pipeline within our core portfolio and the progress in RARE India gives us a formidable path to growth.
Balance Sheet Strengthening
Our balance sheet is healthy; we are steadfast on making it even stronger and an anchor stone for our future growth.
Operating Margin Improvement
With most new openings in the upscale segment, we expect our EBITDA margins to improve to ~40%.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| RARE India - Marriott Integration | 40+ hotels agreed to Marriott Outdoor Collection; 15 pilot properties shortlisted. | Successful integration of pilot properties with Marriott in H2 FY27. |
| Hyatt Regency Pune Approvals | 22 apartments fully completed; delay in approvals. | Timely receipt of approvals and commencement of revenue generation from these apartments. |
| Upscale Segment Share | 41% of total income in Q1 FY27. | Progress towards increasing upscale share to ~60% by FY2030 through new openings and rebranding. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
79Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 88th percentile of the scored universe and 92nd percentile within Consumer. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
57 docs text-extracted · 25 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
88th percentile
overall median 67 · Consumer: 92nd pctile, median 66 · Micro: 79th pctile, median 73
Evidence depth
Financial-only
57 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
76
strong · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 6.1%.
- ▸7 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Samhi Hotels Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Sep - Samhi Hotels will attend an investor conference on 29 September 2026 in Mumbai, organized by PL Capital.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 13 Aug - Revised FY2025-26 Integrated Annual Report and 16th AGM notice issued after BRSR typographical corrections.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 13 Aug - The Board of the Company has approved the allotment of 2,24,936 equity shares against ESOPs exercised under the Company''s Employee Stock Option Plan-2024 ("ESOP-2023"). The …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Aug - A copy of newspaper advertisements are enclosed for information & records, published regarding the dispatch of notice(s) for attention of shareholders in respect of convening …
Source: Bse
Credit ratingJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 30 Jun - ICRA reaffirmed Ascent Hotels’ A+ and A1 ratings on ₹287.20 crore facilities on 30 June 2026.
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.