Chalet Hotels Limited (CHALET.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-309.9%

-₹1,714.00

vs ₹816.55 price

Levered DCF

₹3,246.96

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	23.81×	129.67×	66.52×	40.62×	-75.97×	-21.58×	40.95×	-797.09×
P/B	4.15×	6.08×	10×	4.82×	4.62×	2.12×	2.71×	4.25×
P/S	5.54×	10.78×	13.07×	6.6×	12.2×	10.5×	4.29×	6.12×
EV / EBITDA	14.17×	27.11×	35.48×	18.85×	76.93×	250.21×	16.75×	22.73×
Gross margin	55.9%	67.9%	66.8%	64.9%	52.2%	45.9%	61.7%	60.2%
Operating margin	34.6%	32.9%	32.1%	30.5%	-3.3%	-39.4%	25.4%	23.8%
Net margin	23.3%	8.3%	19.6%	16.2%	-16.1%	-48.7%	10.5%	-0.8%
Current ratio	0.7×	0.53×	0.46×	0.65×	0.76×	0.73×	0.9×	0.83×
Debt / equity	0.64×	0.85×	1.62×	1.85×	1.94×	1.37×	1.15×	1.05×
Interest coverage	5.31×	3.55×	2.31×	2.23×	-0.12×	-0.74×	1.82×	0.98×
Dividend yield	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	3.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	17.4%	4.7%	15.0%	11.9%	-6.1%	-9.8%	6.6%	-0.5%
Return on invested capital	11.7%	3.2%	9.2%	5.2%	-0.2%	-1.8%	7.4%	3.5%
Return on assets	8.8%	2.0%	4.8%	3.7%	-1.8%	-3.5%	2.6%	-0.2%
Free cash flow yield	3.7%	-0.1%	1.4%	4.1%	0.3%	0.4%	3.7%	5.4%
Earnings yield	4.2%	0.8%	1.5%	2.5%	-1.3%	-4.6%	2.4%	-0.1%
Enterprise value	₹174.2B	₹209.3B	₹214.4B	₹102.5B	₹87.7B	₹49.1B	₹59.9B	₹74.9B
Net debt / EBITDA	1.68×	3.13×	4.84×	5.16×	22.57×	97.4×	4.99×	4.41×
Cash conversion cycle (days)	40	321	292	205	637	984	387	319