Robust Hotels Limited (RHL.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

-13.3%

₹136.84

vs ₹157.88 price

Levered DCF

₹1,011.63

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 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	FY2018
P/E	11.42×	23.81×	66.59×	2.92×	-4.62×	-4.81×	-100.48×	-51.63×
P/B	0.38×	0.55×	0.45×	0.23×	0.53×	0.48×	5.61×	4.9×
P/S	1.9×	2.88×	2.58×	1.52×	3.99×	6.48×	22.54×	16.47×
EV / EBITDA	6.45×	9.57×	12.41×	8.21×	-215.67×	-255×	117.09×	80.86×
Gross margin	63.2%	69.2%	72.2%	71.1%	-25.2%	54.6%	63.6%	66.3%
Operating margin	21.7%	13.5%	12.7%	12.9%	-48.8%	-10.6%	58.4%	61.7%
Net margin	16.7%	12.1%	3.9%	52.0%	-86.4%	-134.5%	-22.4%	-31.9%
Current ratio	6.27×	5.11×	4.37×	1.4×	0.11×	0.16×	0.23×	0.22×
Debt / equity	0.2×	0.22×	0.23×	0.16×	0.63×	0.43×	0.41×	0.93×
Interest coverage	2.01×	1.13×	1.28×	0.78×	-1.13×	-0.17×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	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	FY2018
Return on equity	3.3%	2.3%	0.7%	7.9%	-11.5%	-9.9%	-5.6%	-9.5%
Return on invested capital	2.6%	1.6%	1.1%	-29.6%	-4.0%	-0.5%	10.3%	9.5%
Return on assets	2.7%	1.8%	0.5%	6.6%	-6.6%	-6.3%	-3.7%	-4.6%
Free cash flow yield	10.2%	12.6%	6.2%	14.0%	-3.9%	-0.1%	1.1%	-0.0%
Earnings yield	8.8%	4.2%	1.5%	34.2%	-21.7%	-20.8%	-1.0%	-1.9%
Enterprise value	₹4.3B	₹5.3B	₹4.7B	₹2.5B	₹3.5B	₹3.1B	₹22.4B	₹17.1B
Net debt / EBITDA	2.23×	2.56×	4.08×	2.99×	-116.5×	-121.11×	7.89×	12.86×
Cash conversion cycle (days)	314	262	375	19	52	-10	-49	-191