EIH Limited (EIHOTEL.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

+241.8%

₹1,008.68

vs ₹295.10 price

Levered DCF

₹1,176.32

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

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	27.22×	31×	46.47×	32.93×	-99.13×	-15.06×	25.11×	87.53×
P/B	3.25×	4.97×	7.54×	3.07×	3.2×	1.8×	1.19×	3.85×
P/S	5.82×	8.36×	11.83×	5.13×	9.82×	11.29×	2.34×	6.36×
EV / EBITDA	15.42×	19.29×	27.96×	17.11×	131.68×	-20.54×	11.76×	28.91×
Gross margin	65.1%	71.1%	71.4%	69.3%	49.8%	18.7%	69.4%	71.2%
Operating margin	30.0%	36.0%	32.2%	24.6%	-9.3%	-82.5%	10.6%	12.1%
Net margin	21.4%	27.0%	25.4%	15.6%	-9.9%	-74.9%	9.3%	7.3%
Current ratio	2.69×	2.82×	2.56×	1.73×	1.08×	1.12×	1.04×	1.03×
Debt / equity	0.05×	0.06×	0.05×	0.07×	0.16×	0.16×	0.21×	0.18×
Interest coverage	38.16×	46.2×	41.7×	13.98×	-2.62×	-9.81×	3.05×	4.33×
Dividend yield	0.6%	0.4%	0.3%	0.0%	0.0%	0.0%	1.8%	0.5%
Payout ratio	16.9%	11.3%	12.1%	0.2%	-0.5%	-0.1%	45.9%	44.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.9%	16.0%	16.2%	9.3%	-3.2%	-11.9%	4.7%	4.4%
Return on invested capital	10.2%	14.0%	13.2%	9.3%	-2.5%	-8.4%	4.1%	3.6%
Return on assets	9.6%	12.7%	12.7%	7.1%	-2.4%	-8.9%	3.3%	3.1%
Free cash flow yield	2.1%	1.5%	1.6%	4.6%	-0.9%	-3.8%	3.7%	1.1%
Earnings yield	3.7%	3.2%	2.2%	3.0%	-1.0%	-6.6%	4.0%	1.1%
Enterprise value	₹171.8B	₹228.1B	₹298.1B	₹105.1B	₹100.8B	₹60.4B	₹43.2B	₹119.6B
Net debt / EBITDA	0.07×	-0.1×	0.11×	0.25×	5.29×	-1.58×	1.58×	1.09×
Cash conversion cycle (days)	-52	-67	-73	-101	-43	-59	-63	-69