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LEMONTREE.NS

Lemon Tree Hotels Ltd.

Consumer Services
Price research

Price history

1M window · 2026-08-24 to 2026-09-22

Start 2026-08-24 ₹108.56
End 2026-09-22 ₹107.51
Change over window -0.97%
Methodology

Price is the daily close from stored Kite history. The other metrics pair that daily price with the company's periodic filings — each fundamental (revenue, EPS, equity…) is held flat at its latest filed value between annual filings, so a ratio steps at each filing and moves daily only through its price term. A metric with no input on file for this company (e.g. EV/EBITDA for a bank, which has no EBIT) is shown as unavailable, never guessed. Share-count-based metrics use the latest diluted share count against split/bonus-adjusted prices.

Technical analysis

Technical indicators

Same window as the price chart above

These reflect only the stock's recent price and volume behavior — not the company's fundamentals — and are not a recommendation to buy or sell. Standard published parameters are used throughout (see each chart's own label); a company with too little stored price history for a given indicator's lookback window shows that plainly below rather than a garbage or misleading value.

Latest value of each line in the charted window
Methodology

MACD (12,26,9), Stochastic Oscillator (14,3) and Money Flow Index (14-day) each carry their own published reference lines/bands (20/80 for the oscillator readings) where one is standard. ADX includes +DI/-DI for direction alongside trend strength; a dashed line marks the commonly published 25 "trending market" reading. ATR is shown in raw rupees here; the price/volume preset screen (below, and on the Screener page) reports it as a % of price so it's comparable across stocks at different price levels. Computed from the same stored daily OHLCV history as the price chart above — no new data source.

Ratios as of FY2025-26 Annual filing · published 2026-05-28
Price (live) ₹107.51 INR fetched 2026-09-23 02:26
Fundamental analysis

Ratios

Calculated from this company's filed figures, and from the current price where a ratio needs one. Every ratio shows its source trace: the filed elements it reads and the arithmetic behind the result.

P/E

37.49

P/E = Price / EPS

Source trace FY2025-26 · Annual filing

P/E = Price / (ProfitOrLossAttributableToOwnersOfParent / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) → ₹107.51 / (₹2,270,968,000 / 791,847,500 shares) = ₹107.51 / ₹2.87 EPS

ROE

16.32%

ROE = Net Income / Shareholder Equity

Source trace FY2025-26 · Annual filing

ROE = ProfitOrLossAttributableToOwnersOfParent / EquityAttributableToOwnersOfParent → ₹2,270,968,000 / ₹13,919,333,000 = 16.32%

Debt/Equity

1.44

Debt/Equity = Total Debt / Shareholder Equity

Source trace FY2025-26 · Annual filing

Debt/Equity = BorrowingsCurrent + BorrowingsNoncurrent / EquityAttributableToOwnersOfParent → ₹20,036,470,000 / ₹13,919,333,000 = 1.44

Current Ratio

1.21

Current Ratio = Current Assets / Current Liabilities

Source trace FY2025-26 · Annual filing

Current Ratio = CurrentAssets / CurrentLiabilities → ₹4,294,687,000 / ₹3,537,530,000 = 1.21

ROCE

16.51%

ROCE = EBIT / (Shareholder Equity + Total Debt)

Source trace FY2025-26 · Annual filing

ROCE = ProfitBeforeExceptionalItemsAndTax + FinanceCosts / (EquityAttributableToOwnersOfParent + BorrowingsCurrent + BorrowingsNoncurrent) → ₹5,605,254,000 / (₹13,919,333,000 + ₹20,036,470,000) = 16.51%

Dividend Yield

0.00%

Dividend Yield = (Dividends Paid / Diluted Shares Outstanding) / Price

Qualification This is cash paid during the fiscal year, not a per-share rate declared for it (no such element exists in the filing data) — timing can straddle interim/final dividends across years, and pre-FY2020-21 figures may include the since-abolished Dividend Distribution Tax, reading higher than later years for that reason alone.

Source trace FY2025-26 · Annual filing

Dividend Yield = (|DividendsPaidClassifiedAsFinancingActivities| / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) / Price → (₹0 / 791,847,500 shares) / ₹107.51 = ₹0.00 / ₹107.51

Growth & quality

Growth & earnings trend

Computed from this company's stored annual filings. Each figure carries the filed values behind it as a tooltip.

Revenue CAGR · 3y 18.2%
Net profit CAGR · 3y 25.6%
Operating margin · FY2025-26 38.8%
ROCE · FY2025-26 13.7%

Revenue & Profit CAGR

Revenue (3y, 3.0y actual)
18.2%
Net Profit (3y)
25.6%
Revenue (5y, 3.0y actual)
18.2%
Net Profit (5y)
25.6%
Revenue (10y, 3.0y actual)
18.2%
Net Profit (10y)
25.6%

Operating Margin Trend

Eroding
FY2022-23
40.5%
FY2023-24
38.9%
FY2024-25
38.7%
FY2025-26
38.8%

ROCE Trajectory

FY2022-23
9.9%
FY2023-24
12.1%
FY2024-25
12.6%
FY2025-26
13.7%

Earnings Quality

No persistent gap detected

Net Profit CAGR 25.61% vs CFO CAGR 12.06% over 3.0y (2023-03-31 → 2026-03-31); most recent year: Net Profit +15.52% vs CFO +0.01%

Sector-Relative Percentile

Sector · Consumer Services
ROE 75th percentile Better than 21 of 28 sector peers (75th percentile).
ROCE 57th percentile Better than 16 of 28 sector peers (57th percentile).
Debt/Equity 0th percentile Better than 0 of 28 sector peers (0th percentile).
P/E 50th percentile Better than 14 of 28 sector peers (50th percentile).
Forensic accounting

Beneish M-Score

Eight year-over-year accounting indices (Beneish, 1999) computed for Lemon Tree Hotels Ltd. across its two most recently stored annual filings. Read the disclosures below before anything past this paragraph.

This is not an accusation and not a finding that any manipulation occurred. Beneish's own paper is explicit that the score identifies companies whose accounting CHARACTERISTICS resemble those of a sample of past manipulators -- nothing more. StockProof never labels a company "manipulator", "red flag" or "suspicious", and never shows any list of companies ordered by this score. The eight components below -- factual statements about figures the company itself filed -- always come before the composite number, which is the inference, not the fact.

The M-Score is calibrated on 74 US-listed companies from 1982-1992 later found to have manipulated earnings (Beneish, M. D. (1999), "The Detection of Earnings Manipulation", Financial Analysts Journal 55(5)) -- not on any Indian company or era. Measured on StockProof's own Nifty 500 universe as of 2026-09-02, 13.6% of companies score above Beneish's own published cutoff. On any realistic base rate of actual earnings manipulation, that flag rate is overwhelmingly false positives, not overwhelmingly real ones.

No "Selling, General & Administrative Expense" element exists anywhere in NSE's filed data. The SGAI component below is approximated as Employee Benefit Expense + Other Expenses, divided by revenue -- a reasonable stand-in for a manufacturer, but for a services company this proxy is closer to the entire cost base than to SG&A specifically. This is disclosed because it is a genuine deviation from Beneish's published specification; its coefficient (-0.172) is the smallest of the eight, which bounds how far the approximation can move the composite.

This measures something different from a financial-distress score like Altman's Z-Score, and the two essentially never agree. Measured on StockProof's own 389-company overlap as of 2026-09-02: only 5 companies were flagged by both, an agreement rate (intersection ÷ union) of 6.2%, and a correlation between the two scores of +0.088 -- closely matching the independently measured +0.092 over 3,242 Malaysian-listed companies. A low Z-Score and a high M-Score are not corroborating each other; they are unrelated measurements.

Comparing FY2024-25FY2025-26

Index Value Beneish's own threshold Reading, vs. that threshold
DSRI — Days' Sales in Receivables Index 1.317 1.031 Exceeds Beneish's published threshold
GMI — Gross Margin Index 0.999 1.014 Below Beneish's published threshold
AQI — Asset Quality Index 1.134 1.039 Exceeds Beneish's published threshold
SGI — Sales Growth Index 1.123 1.134 Below Beneish's published threshold
DEPI — Depreciation Index 1.003 1.077 Below Beneish's published threshold
SGAI — SG&A Index 1.034 1.041 Below Beneish's published threshold
LVGI — Leverage Index 0.902 1.111 Below Beneish's published threshold
TATA — Total Accruals to Total Assets -0.073 0.018 Below Beneish's published threshold
M-Score (composite) -2.342 Beneish's own published cutoff: -1.78 (a looser cutoff sometimes used in Indian applications: -2.22)

This is a reading against a published statistical model, not a finding and not a verdict on this company -- see the disclosures above, especially how this compares to a general population's own measured false-positive rate.

Financials

Quarterly trend

10 stored quarters

Revenue Net Profit Net Profit (loss quarter)
Metric (to shareholders basis) Q4 FY2023-24 Q1 FY2024-25 Q2 FY2024-25 Q3 FY2024-25 Q4 FY2024-25 Q1 FY2025-26 Q2 FY2025-26 Q3 FY2025-26 Q4 FY2025-26 Q1 FY2026-27 Source
Revenue ₹327.31 Cr. ₹268.02 Cr. ₹284.37 Cr. ₹355.18 Cr. ₹378.52 Cr. ₹315.77 Cr. ₹306.28 Cr. ₹406.05 Cr. ₹416.40 Cr. ₹344.61 Cr. RevenueFromOperations
Net Profit ₹66.98 Cr. incl. minority ₹84.00 Cr. ₹19.81 Cr. incl. minority ₹20.12 Cr. ₹29.64 Cr. incl. minority ₹35.04 Cr. ₹62.49 Cr. incl. minority ₹79.84 Cr. ₹84.64 Cr. incl. minority ₹108.15 Cr. ₹38.33 Cr. incl. minority ₹48.10 Cr. ₹34.60 Cr. incl. minority ₹41.93 Cr. ₹62.67 Cr. incl. minority ₹81.83 Cr. ₹91.49 Cr. incl. minority ₹116.45 Cr. ₹46.03 Cr. incl. minority ₹57.34 Cr. ProfitOrLossAttributableToOwnersOfParent
Basis

Primary figures are Revenue from Operations and Net Profit attributable to shareholders — the basis the ratios use. Where they differ, the companion Gross revenue (incl. inter-segment) and incl. minority net profit (the totals a news headline usually quotes) are shown beneath, each traceable to its own XBRL element. Quarters shown are however many are actually stored (up to 10).

Ownership

Shareholding pattern

Latest filing Jun 2026 · 12 filings on file

Promoter & Promoter Group
22.32%
Public
77.63%
Employee Trusts
0.05%
Promoter % Public %
Metric Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter & Promoter Group 23.28% 23.21% 22.88% 22.80% 22.77% 22.77% 22.34% 22.28% 22.28% 22.28% 22.32% 22.32%
Public 76.64% 76.72% 77.07% 77.15% 77.17% 77.18% 77.61% 77.67% 77.67% 77.67% 77.63% 77.63%
Employee Trusts 0.07% 0.07% 0.06% 0.06% 0.06% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
Source

Promoter vs. public shareholding, from NSE's own quarterly shareholding-pattern filings. This is the headline promoter/public split only — a further breakdown by FII/DII/mutual fund holders requires each filing's own detailed disclosure and isn't shown here.

Trading activity

Delivery volume

20 trading days shown

Latest (2026-09-22) 53.5%
Trailing 20-day average 56.2%
Date Traded Qty Delivery Qty Delivery %
2026-09-22 2586160 1384205 53.52%
2026-09-21 3924930 1965411 50.08%
2026-09-18 2070198 1038718 50.17%
2026-09-17 1684840 764592 45.38%
2026-09-16 1729566 813429 47.03%
2026-09-15 2149510 1271437 59.15%
2026-09-11 1933002 864143 55.83%
2026-09-10 1099344 608144 55.32%
2026-09-09 3466400 2134627 61.58%
2026-09-08 2549945 1518475 59.55%
2026-09-07 3117893 1706854 54.74%
2026-09-04 3464757 2137101 61.68%
2026-09-03 2699116 1613549 59.78%
2026-09-02 2312163 1224989 52.98%
2026-09-01 1816566 1057134 58.19%
2026-08-31 4742751 2858825 60.28%
2026-08-28 9179975 5143820 56.03%
2026-08-27 2259074 1332122 58.97%
2026-08-26 2140318 1347900 62.98%
2026-08-25 1541936 948251 61.50%
Source

Delivery quantity/percentage from the NSE bhavcopy (DELIV_QTY/DELIV_PER) — the share of that day's traded volume that actually settled into a demat account, rather than being squared off intraday. A higher delivery percentage is commonly read as genuine accumulation/distribution rather than speculative same-day trading; this describes recent trading PATTERN, not the company itself, and is not a recommendation to buy or sell. A blank cell is a day NSE itself published no figure for, never a zero.

Insider trading activity

20 disclosures shown

Disclosed Person Category Type Mode Quantity Value (₹) Resulting stake Source
17 Nov 2021 Jagdish Kumar Chawla Employees/Designated Employees Sell Market Sale 60000 3527000 0.15% XBRL
24 Sep 2021 Jagdish Kumar Chawla Employees/Designated Employees Sell Market Sale 50000 2088000 0.16% XBRL
01 Sep 2021 Jagdish Kumar Chawla Employees/Designated Employees Pledge Pledge Creation 300000 11610000 0.17% XBRL
29 Jun 2021 Aradhana Lal - Sell Market Sale 76000 3152526 0.18% XBRL
18 Mar 2021 Aradhana Lal Employees/Designated Employees Sell Market Sale 39100 1520990 0.19% XBRL
04 Mar 2021 Paramartha Saikia Director Sell Market Sale 62000 2552581 0.00% XBRL
27 Feb 2021 Vikramjit Singh Employees/Designated Employees Pledge Pledge Creation 30000 1204500 0.05% XBRL
24 Dec 2020 Patanjali Govind Keswani Promoters Sell Market Sale 18500000 763680000 1.18% XBRL
24 Dec 2020 Patanjali Govind Keswani Promoters Pledge Revoke Revokation of Pledge 27500000 1150875000 3.51% XBRL
24 Dec 2020 Spank Management Services Private Limited Promoters Pledge Revoke Revokation of Pledge 29740625 1244645156 26.22% XBRL
24 Dec 2020 Spank Management Services Private Limited Promoters Sell Market Sale 13500000 556969500 24.51% XBRL
24 Dec 2020 Patanjali Govind Keswani Promoters Sell Market Sale 9000000 372897900 0.04% XBRL
24 Dec 2020 Spank Management Services Private Limited Promoters Pledge Pledge Creation 16240625 641504688 24.51% XBRL
10 Dec 2020 Davander Tomar Employees/Designated Employees Sell Market Sale 410316 17630395 0.00% XBRL
10 Dec 2020 Vikramjit Singh Employees/Designated Employees Pledge Revoke Revokation of Pledge 100000 4520000 0.05% XBRL
19 Nov 2020 Vikramjit Singh Employees/Designated Employees Pledge Revoke Revokation of Pledge 16500 524700 0.05% XBRL
02 Oct 2020 Toucan Real Estates P Ltd. Promoter Group Sell Market Sale 377217 10637253 0.04% XBRL
02 Oct 2020 Toucan Real Estates P Ltd. Promoter Group Sell Market Sale 1092783 30689997 0.09% XBRL
12 Sep 2020 Vikramjit Singh Employees/Designated Employees Pledge Pledge Creation 58177 1788940 0.05% XBRL
06 Jun 2020 Davander Tomar Employees/Designated Employees Buy Market Purchase 300000 5682249 0.05% XBRL
About these disclosures

SEBI PIT (Prohibition of Insider Trading) Regulation 7 disclosures — designated persons (promoters, directors, KMPs, and their immediate relatives) reporting their own dealing in the company's securities, as NSE publishes them. Distinct from the SAST (Regulation 29 substantial-acquisition) filings on the market-wide SAST activity page. Public record only — this is descriptive disclosure data, not a signal, and is not a recommendation to buy or sell.

Filings & evidence

Source documents

FY2025-26 · Annual filing

The raw filing line items behind the figures on this page, and NSE's own filing document where NSE publishes one.

Source document — income statement (FY2025-26, raw filing line items)
Line itemFiled value
ProfitOrLossAttributableToOwnersOfParent2270968000.0
PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital791847500.0
Source document — balance sheet (FY2025-26, raw filing line items)
Line itemFiled value
CurrentAssets4294687000.0
CurrentLiabilities3537530000.0
EquityAttributableToOwnersOfParent13919333000.0
BorrowingsCurrent + BorrowingsNoncurrent20036470000.0
Research notes

My notes