- Valuation
- ₹11,180 Cr

About Lemon Tree Hotels
Lemon Tree Hotels is a publicly listed company based in Delhi (India) founded in 2002 by Patanjali Govind Keswani. A chain of hotels and resorts is operated. Lemon Tree Hotels has raised $128.72 million across 3 funding rounds from investors including Warburg Pincus and APG. The company has 8,560 employees. Lemon Tree Hotels has completed 1 acquisition, including Keys Hotels. Its chief executive, as recorded, is Vilas Pawar. Its website lemontreehotels.com draws about 264 thousand monthly visits. Its Indian entity Lemon Tree Hotels Limited reported revenue of βΉ1,465 Cr. Its focus areas include Travel and Hospitality, Hotels and Hotel Chains. Its competitors include Club Mahindra, FabHotels and Indian Hotels; 1 of its 3 listed competitors has raised funding.
Company details
Lemon Tree Hotels was founded in 2002 and is headquartered in Delhi, India. Operations are focused on the hospitality sector, where a network of hotels and resorts is managed across various locations. Accommodations and guest services are provided, emphasizing value and efficiency. Bookings, loyalty programs, and secure reservations are facilitated through the companys website, with measures in place to address booking fraud.
Recognitions & Rankings of Lemon Tree Hotels
- Market Cap₹8,790 Cr
LEMONTREE · NSE
- Share Price₹108.94
-1.81% today
- Revenue₹1,444 Cr
FY 2025-26 · +12.3% YoY
- EBITDA₹657 Cr
Margin 45.5%
- Net Profit₹250 Cr
FY 2025-26 · +27.2% YoY
- P/E (TTM)33.7x
P/B 6.4x
- ROE22.6%
ROCE 16.0%
- Debt / Equity1.62
Interest cover 34.6x
- Total Equity Funding$128.72M (USD)
in 3 rounds
- Latest Funding Round$50M (USD), Series B
Apr 2014
- InvestorsWarburg Pincus
& 1 more
- Employee Count8,560
- Investments & Acquisitions
Associated legal entities of Lemon Tree Hotels
Lemon Tree Hotels is associated with 13 registered companies on The Company Check; the primary company is Lemon Tree Hotels Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lemon Tree Hotels Limited Listed CIN L74899HR1992PLC140546 | Active | 02 Jun 1992 | Gurgaon, Haryana | ₹1,465 Cr | 883 | 12 | View details |
| Hyacinth Hotels Private Limited CIN U55204DL2007PTC166050 | Active | 19 Jul 2007 | New Delhi, Delhi | ₹99.7 Cr | 209 | 3 | View details |
| Celsia Hotels Private Limited CIN U45201DL2003PTC191326 | Active | 30 Dec 2003 | New Delhi, Delhi | ₹36.9 Cr | 102 | 2 | View details |
| Fleur Hotels Private Limited CIN U55101DL2003PLC207912 | Active | 09 Jul 2003 | New Delhi, Delhi, India | View details | |||
| Red Fox Hotel Company Private Limited. CIN U55204DL2007PTC157848 | Active | 13 Jan 2007 | New Delhi, Delhi | 3 | View details | ||
| Canary Hotels Private Limited CIN U55101DL2006PTC144532 | Active | 06 Jan 2006 | New Delhi, Delhi, India | View details | |||
| Nightingale Hotels Private Limited CIN U55101DL2007PTC158178 | Amalgamated | 19 Jan 2007 | New Delhi, Delhi, India | View details | |||
| Meringue Hotels Private Limited CIN U55101DL2006PTC144533 | Amalgamated | 06 Jan 2006 | New Delhi, Delhi, India | View details | |||
| Lemon Tree Hotel Company Private Limited. CIN U55101DL2007PTC158376 | Active | 24 Jan 2007 | New Delhi, Delhi, India | View details | |||
| Carnation Hotels Private Limited CIN U55101DL2002PTC118180 | Active | 24 Dec 2002 | New Delhi, Delhi, India | View details | |||
| Lemon Tree Hotels Limited CIN L74899DL1992PLC049022 | Active | 02 Jun 1992 | New Delhi, Delhi, India | $130.0M | View details | ||
| Canary Hotels Private Limited CIN U55101HR2006PTC140545 | Active | 06 Jan 2006 | New Delhi, Delhi | ₹13.2 Cr | 66 | 5 | View details |
| Fleur Hotels Limited CIN U55101HR2003PLC140540 | Active | 09 Jul 2003 | New Delhi, Delhi | ₹913 Cr | 869 | 11 | View details |
Apps and channels of Lemon Tree Hotels
its YouTube channel Lemon Tree Hotels has 1.98K subscribers and 30 videos.
Videos from Lemon Tree Hotels
The most watched videos on Lemon Tree Hotels's YouTube channel, Lemon Tree Hotels (1.98K subscribers). Click a video to play it here.
More on Lemon Tree Hotels.
Funding Insights of Lemon Tree Hotels
Lemon Tree Hotels has successfully raised a total of $128.72M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in April 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $128.72M
- Total Rounds 3
- Last Round Series B β $50M
- First Round $45M
(Aug 2006)
- Investors Count 2
All 3 funding rounds of Lemon Tree Hotels with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2014 | $50M | Series B | β | β | |
| Jun 2012 | $33.72M | Series A | β | β | |
| Aug 2006 | $45M | Series A | β | β |
2 investors in total: 2 institutional.
Investors in Lemon Tree Hotels
Lemon Tree Hotels has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Warburg Pincus and APG.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Pension assets are managed for Dutch families and retirees. | 2008 | apg.nl | Heerlen, Netherlands |
Investor details for Lemon Tree Hotels
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Lemon Tree Hotels Limited (Lemon Tree Hotels)
Lemon Tree Hotels Limited is the primary company behind Lemon Tree Hotels. The boards of the 6 registered companies of Lemon Tree Hotels currently have 21 directors; the longest-serving is Patanjali Govind Keswani, appointed in 2002. 103 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Patanjali Govind Keswani DIN 00002974 | Managing Director | 07 Oct 2002 | 24 yrs | Lemon Tree Hotels Limited, Fleur Hotels Limited |
| Davander Tomar DIN 00013336 | Director | 07 May 2008 | 18 yrs 5 mo | Celsia Hotels Private Limited, Red Fox Hotel Company Private Limited. |
| Dominic James Doran DIN 07006491 | Director | 09 Dec 2014 | 11 yrs 10 mo | Fleur Hotels Limited |
| Aditya Madhav Keswani DIN 07208901 | Director | 17 Jun 2015 | 11 yrs 4 mo | Lemon Tree Hotels Limited, Fleur Hotels Limited |
| Rajesh Kumar DIN 05251730 | Director | 16 Nov 2015 | 10 yrs 11 mo | Celsia Hotels Private Limited, Canary Hotels Private Limited |
| Sumant Jaidka DIN 05201572 | Director | 18 Dec 2015 | 10 yrs 10 mo | Hyacinth Hotels Private Limited |
| Paramartha Saikia DIN 07145770 | Director | 15 Jun 2017 | 9 yrs 4 mo | Lemon Tree Hotels Limited |
| Willem Albertus Hazeleger DIN 07902239 | Director | 09 Aug 2017 | 9 yrs 2 mo | Lemon Tree Hotels Limited |
| Ashish Kumar Guha DIN 00004364 | Director | 13 Aug 2018 | 8 yrs 2 mo | Fleur Hotels Limited |
| Pradeep Mathur DIN 05198770 | Director | 07 Aug 2019 | 7 yrs 2 mo | Fleur Hotels Limited |
| Niten Malhan DIN 00614624 | Director | 06 Nov 2020 | 5 yrs 11 mo | Lemon Tree Hotels Limited |
| Rajeev Janveja DIN 07334001 | Director | 23 Apr 2021 | 5 yrs 6 mo | Canary Hotels Private Limited, Red Fox Hotel Company Private Limited. |
| Sanjiv Nandan Sahai DIN 00860449 | Director | 09 Nov 2023 | 2 yrs 11 mo | Lemon Tree Hotels Limited |
| Praveen Garg DIN 00208604 | Director | 09 Nov 2023 | 2 yrs 11 mo | Lemon Tree Hotels Limited |
| Smita Anand DIN 00059228 | Director | 09 Nov 2023 | 2 yrs 11 mo | Lemon Tree Hotels Limited |
| Freyan Jamshed Desai DIN 00965073 | Director | 01 Jun 2024 | 2 yrs 4 mo | Hyacinth Hotels Private Limited, Canary Hotels Private Limited, Fleur Hotels Limited |
| Mohit Gujral DIN 00051538 | Additional Director | 04 Feb 2025 | 1 yr 8 mo | Fleur Hotels Limited |
| Prashant Mehrotra DIN 07333994 | Director | 15 Jul 2025 | 1 yr 3 mo | Hyacinth Hotels Private Limited |
| Kapil Sharma DIN 00352890 | Whole-Time Director | 01 Oct 2025 | 1 yr | Lemon Tree Hotels Limited, Red Fox Hotel Company Private Limited. |
| Neelendra Singh DIN 08491872 | Managing Director | 01 Oct 2025 | 1 yr | Lemon Tree Hotels Limited |
| Saurabh Shatdal DIN 11222659 | Managing Director | 01 Oct 2025 | 1 yr | Fleur Hotels Limited |
People of Lemon Tree Hotels
2 people are tracked at Lemon Tree Hotels (2 in leadership); the tracked headcount is 8,560.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership | |
Vilas Pawar | CEO | Leadership |
Complete people profiles for Lemon Tree Hotels
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Lemon Tree Hotels
Lemon Tree Hotels is a publicly listed company on the NSE with ticker symbol LEMONTREE in India, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date09 Apr 2018
- Listed onNSE: LEMONTREE · BSE: 541233
- Listed entityLemon Tree Hotels Ltd.
- Exchange sectorConsumer services
- ISININE970X01018
- Share price₹111.46 (-0.36% on the day) · 2026-10-14
- Market capitalisation₹8,857 Cr
- Price to earnings37.6
- EPS (diluted, trailing year)₹2.97
- Volume (last session)1,113,640
Financials of Lemon Tree Hotels
Exchange-reported figures of Lemon Tree Hotels Limited, the listed company behind Lemon Tree Hotels (NSE: LEMONTREE).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,444 | 1,286 | 1,071 | 875 | 402 | 252 | 669 |
| Revenue growth | +12.3% | +20.1% | +22.4% | +117.5% | +59.8% | -62.4% | - |
| EBITDA | 657 | 634 | 523 | 448 | 119 | 57.27 | 241 |
| EBITDA margin | +45.5% | +49.3% | +48.9% | +51.2% | +29.5% | +22.8% | +36.0% |
| Profit before tax | 359 | 296 | 216 | 178 | (145) | (219) | (2.18) |
| Net profit | 250 | 196 | 148 | 114 | (87.62) | (127) | 4.51 |
| Net profit margin | +17.3% | +15.3% | +13.9% | +13.1% | -21.8% | -50.5% | +0.7% |
| EPS (βΉ) | 2.87 | 2.48 | 1.88 | 1.45 | (1.11) | (1.61) | (0.12) |
| Balance sheet | |||||||
| Total assets | 4,099 | 3,942 | 3,885 | 3,593 | 3,529 | 3,697 | 3,565 |
| Net worth | 1,392 | 1,164 | 967 | 854 | 831 | 918 | 989 |
| Total debt | 2,004 | 2,148 | 2,336 | 2,177 | 2,128 | 2,159 | 2,017 |
| Cash & bank | 97.80 | 80.67 | 53.74 | 27.48 | 54.29 | 141 | 40.82 |
| Net working capital | 207 | 122 | 54.97 | (0.94) | 21.47 | 112 | (55.29) |
| Cash flow | |||||||
| Cash from operations | 542 | 542 | 465 | 385 | 135 | 41.01 | 151 |
| Cash from investing | (169) | (127) | (397) | (283) | (45.44) | (65.59) | (598) |
| Cash from financing | (370) | (392) | (58.53) | (132) | (163) | 111 | 457 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 345 | 416 | 406 | 306 | 316 | 379 | 355 | 284 |
| Revenue growth (YoY) | +9.1% | +10.0% | +14.3% | +7.7% | +17.8% | - | - | - |
| Other income | 2.15 | 3.10 | 1.72 | 1.73 | 1.64 | 0.88 | 0.71 | 0.63 |
| EBITDA | 149 | 213 | 173 | 131 | 140 | 203 | 184 | 131 |
| EBITDA margin | +43.4% | +51.1% | +42.7% | +42.7% | +44.4% | +53.8% | +51.9% | +46.0% |
| Depreciation | 36.06 | 35.49 | 34.79 | 34.32 | 34.21 | 34.87 | 35.07 | 34.78 |
| Interest | 36.38 | 38.76 | 41.44 | 42.30 | 44.68 | 47.24 | 50.33 | 51.33 |
| Profit before tax | 79.13 | 142 | 98.84 | 55.84 | 62.86 | 122 | 99.52 | 45.27 |
| Tax | 21.77 | 25.14 | 17.02 | 13.90 | 14.76 | 14.11 | 19.66 | 10.23 |
| Net profit | 57.36 | 116 | 81.82 | 41.94 | 48.10 | 108 | 79.86 | 35.04 |
| EPS (βΉ) | 0.58 | 1.16 | 0.79 | 0.44 | 0.48 | 1.07 | 0.79 | 0.37 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 442 | 385 | 357 | 310 | 129 | 79.92 | 270 |
| Revenue growth | +14.9% | +7.6% | +15.1% | +140.3% | +61.7% | -70.4% | - |
| EBITDA | 197 | 198 | 190 | 172 | 39.99 | 9.80 | 108 |
| EBITDA margin | +44.6% | +51.4% | +53.3% | +55.5% | +31.0% | +12.3% | +40.1% |
| Profit before tax | 152 | 142 | 136 | 112 | (22.60) | (53.86) | 40.65 |
| Net profit | 122 | 100 | 96.93 | 78.67 | (16.37) | (34.83) | 31.12 |
| Net profit margin | +27.6% | +26.1% | +27.1% | +25.3% | -12.7% | -43.6% | +11.5% |
| EPS (βΉ) | 1.37 | 1.27 | 1.22 | 0.99 | (0.20) | (0.52) | 0.41 |
| Balance sheet | |||||||
| Total assets | 1,702 | 1,657 | 1,630 | 1,604 | 1,502 | 1,547 | 1,558 |
| Net worth | 1,367 | 1,257 | 1,157 | 1,059 | 988 | 1,003 | 1,044 |
| Total debt | 327 | 398 | 471 | 543 | 513 | 542 | 513 |
| Cash & bank | 15.36 | 12.83 | 5.27 | 7.96 | 15.67 | 36.41 | 11.88 |
| Net working capital | 25.27 | 28.13 | 47.13 | 48.22 | 38.87 | 93.49 | 91.96 |
| Cash flow | |||||||
| Cash from operations | 175 | 171 | 199 | 142 | 74.82 | 5.01 | 54.10 |
| Cash from investing | (73.59) | (49.14) | (84.53) | (139) | (20.69) | 35.77 | (54.45) |
| Cash from financing | (103) | (114) | (119) | (11.28) | (74.87) | (16.25) | 1.82 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 105 | 134 | 125 | 90.90 | 92.89 | 111 | 104 | 86.94 |
| Revenue growth (YoY) | +13.0% | +20.8% | +19.6% | +4.6% | +12.1% | - | - | - |
| Other income | 0.38 | 1.26 | 0.35 | 0.30 | 0.29 | 0.17 | 0.26 | 0.23 |
| Total expenses | 60.77 | 65.08 | 80.54 | 47.42 | 51.92 | 46.93 | 50.09 | 45.49 |
| EBITDA | 44.15 | 68.54 | 44.08 | 43.48 | 40.97 | 63.71 | 54.12 | 41.45 |
| EBITDA margin | +42.1% | +51.3% | +35.4% | +47.8% | +44.1% | +57.6% | +51.9% | +47.7% |
| Depreciation | 4.97 | 5.08 | 5.02 | 4.97 | 4.87 | 4.92 | 4.99 | 4.66 |
| Interest | 5.00 | 6.18 | 6.59 | 6.92 | 7.40 | 8.16 | 9.14 | 9.60 |
| Profit before tax | 34.56 | 58.54 | 32.82 | 31.89 | 28.99 | 50.80 | 40.25 | 27.42 |
| Tax | 8.88 | 16.26 | 9.65 | 9.35 | 8.53 | 14.84 | 11.75 | 8.05 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 345 | 416 | 406 | 306 | 316 | 379 | 355 | 284 |
| Revenue growth (YoY) | +9.1% | +10.0% | +14.3% | +7.7% | +17.8% | - | - | - |
| Other income | 2.15 | 3.10 | 1.72 | 1.73 | 1.64 | 0.88 | 0.71 | 0.63 |
| EBITDA | 149 | 213 | 173 | 131 | 140 | 203 | 184 | 131 |
| EBITDA margin | +43.4% | +51.1% | +42.7% | +42.7% | +44.4% | +53.8% | +51.9% | +46.0% |
| Depreciation | 36.06 | 35.49 | 34.79 | 34.32 | 34.21 | 34.87 | 35.07 | 34.78 |
| Interest | 36.38 | 38.76 | 41.44 | 42.30 | 44.68 | 47.24 | 50.33 | 51.33 |
| Profit before tax | 79.13 | 142 | 98.84 | 55.84 | 62.86 | 122 | 99.52 | 45.27 |
| Tax | 21.77 | 25.14 | 17.02 | 13.90 | 14.76 | 14.11 | 19.66 | 10.23 |
| Net profit | 57.36 | 116 | 81.82 | 41.94 | 48.10 | 108 | 79.86 | 35.04 |
| EPS (βΉ) | 0.58 | 1.16 | 0.79 | 0.44 | 0.48 | 1.07 | 0.79 | 0.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,444 | 1,286 | 1,071 | 875 | 402 | 252 | 669 |
| Revenue growth | +12.3% | +20.1% | +22.4% | +117.5% | +59.8% | -62.4% | - |
| Other income | 20.50 | 12.90 | 13.19 | 9.62 | 22.03 | 21.99 | 10.87 |
| Total expenses | 788 | 652 | 548 | 427 | 284 | 194 | 429 |
| Employee cost | 239 | 218 | 188 | 150 | 97.32 | 70.39 | 155 |
| EBITDA | 657 | 634 | 523 | 448 | 119 | 57.27 | 241 |
| EBITDA margin | +45.5% | +49.3% | +48.9% | +51.2% | +29.5% | +22.8% | +36.0% |
| Depreciation | 139 | 139 | 112 | 96.60 | 104 | 108 | 92.25 |
| Interest | 180 | 211 | 208 | 182 | 181 | 190 | 162 |
| Profit before tax | 359 | 296 | 216 | 178 | (145) | (219) | (2.18) |
| Tax | 70.82 | 53.08 | 34.13 | 37.70 | (7.23) | (32.21) | 10.88 |
| Net profit | 250 | 196 | 148 | 114 | (87.62) | (127) | 4.51 |
| Net profit margin | +17.3% | +15.3% | +13.9% | +13.1% | -21.8% | -50.5% | +0.7% |
| EPS (βΉ) | 2.87 | 2.48 | 1.88 | 1.45 | (1.11) | (1.61) | (0.12) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 792 | 792 | 792 | 792 | 791 | 790 | 790 |
| Reserves & surplus | 600 | 372 | 175 | 62.12 | 40.44 | 127 | 199 |
| Shareholders' funds (net worth) | 1,392 | 1,164 | 967 | 854 | 831 | 918 | 989 |
| Minority interest | 687 | 626 | 580 | 560 | 568 | 617 | 556 |
| Secured loans | 1,500 | 1,699 | 1,889 | 1,746 | 1,699 | 1,685 | 1,555 |
| Unsecured loans | 503 | 449 | 447 | 431 | 429 | 474 | 463 |
| Total debt | 2,004 | 2,148 | 2,336 | 2,177 | 2,128 | 2,159 | 2,017 |
| Total liabilities | 4,099 | 3,942 | 3,885 | 3,593 | 3,529 | 3,697 | 3,565 |
| Assets | |||||||
| Gross block | 4,693 | 4,557 | 4,514 | 3,717 | 3,706 | 3,742 | 3,585 |
| Net block | 3,563 | 3,556 | 3,641 | 2,957 | 3,051 | 3,194 | 3,307 |
| Capital work in progress | 108 | 58.59 | 25.41 | 482 | 297 | 242 | 190 |
| Investments | 73.39 | 44.59 | 13.33 | 5.54 | 9.62 | 5.54 | 14.01 |
| Inventories | 13.82 | 13.84 | 13.84 | 10.52 | 8.12 | 7.22 | 8.22 |
| Sundry debtors | 116 | 78.62 | 71.48 | 55.98 | 29.06 | 30.82 | 50.27 |
| Cash & bank balances | 97.80 | 80.67 | 53.74 | 27.48 | 54.29 | 141 | 40.82 |
| Loans & advances | 135 | 81.73 | 58.19 | 41.06 | 33.57 | 50.14 | 43.58 |
| Total current assets | 363 | 255 | 197 | 135 | 125 | 229 | 143 |
| Total current liabilities | 156 | 133 | 142 | 136 | 104 | 117 | 198 |
| Net working capital | 207 | 122 | 54.97 | (0.94) | 21.47 | 112 | (55.29) |
| Total assets | 4,099 | 3,942 | 3,885 | 3,593 | 3,529 | 3,697 | 3,565 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 55.42 | 33.64 | 23.68 | 54.29 | 127 | 40.82 | 31.40 |
| Net cash from operating activities | 542 | 542 | 465 | 385 | 135 | 41.01 | 151 |
| Net cash from investing activities | (169) | (127) | (397) | (283) | (45.44) | (65.59) | (598) |
| Net cash from financing activities | (370) | (392) | (58.53) | (132) | (163) | 111 | 457 |
| Net change in cash | 2.67 | 21.78 | 9.96 | (30.60) | (73.17) | 86.64 | 9.42 |
| Closing cash | 97.80 | 80.67 | 53.74 | 27.48 | 54.29 | 141 | 40.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.3% | +20.1% | +22.4% | +117.5% | +59.8% | -62.4% | - |
| EBITDA growth | +3.6% | +21.1% | +16.9% | +277.2% | +107.2% | -76.2% | - |
| PBT growth | +21.2% | +37.3% | +21.1% | +9998.0% | +33.9% | -9934.4% | - |
| Net income growth | +27.2% | +32.3% | +29.8% | +230.6% | +31.1% | -2918.4% | - |
| Revenue CAGR (3Y) | +18.2% | +47.3% | +62.1% | +9.3% | -9.9% | -19.6% | +17.6% |
| EBITDA CAGR (3Y) | +13.7% | +74.8% | +109.1% | +23.0% | -11.1% | -25.1% | +27.4% |
| Profitability & leverage | |||||||
| Net income margin | +20.0% | +18.9% | +17.0% | +16.1% | -34.2% | -74.1% | -2.0% |
| Return on capital employed | +16.0% | +15.1% | +12.6% | +11.5% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +22.6% | +21.6% | +16.5% | +14.4% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 1.62 | 2.10 | 2.48 | 2.55 | 2.45 | 2.19 | 1.72 |
| Long-term debt / equity | 1.46 | 1.90 | 2.23 | 2.33 | 2.26 | 2.04 | 1.64 |
| Interest cover | 34.65 | 42.71 | 50.71 | 51.96 | 1,265.31 | -378.80 | 108.79 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.31 | 0.28 | 0.26 | 0.24 | 0.11 | 0.07 | 0.25 |
| Inventory turnover | 104.45 | 92.92 | 87.94 | 93.88 | 52.44 | 32.61 | 94.29 |
| Debtors turnover | 14.83 | 17.14 | 16.81 | 20.58 | 13.43 | 6.21 | 9.94 |
| EPS (βΉ) | 2.87 | 2.48 | 1.88 | 1.45 | (1.11) | (1.61) | (0.12) |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 17.58 | 14.69 | 12.21 | 10.78 | 10.51 | 11.61 | 12.51 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 105 | 134 | 125 | 90.90 | 92.89 | 111 | 104 | 86.94 |
| Revenue growth (YoY) | +13.0% | +20.8% | +19.6% | +4.6% | +12.1% | - | - | - |
| Other income | 0.38 | 1.26 | 0.35 | 0.30 | 0.29 | 0.17 | 0.26 | 0.23 |
| Total expenses | 60.77 | 65.08 | 80.54 | 47.42 | 51.92 | 46.93 | 50.09 | 45.49 |
| EBITDA | 44.15 | 68.54 | 44.08 | 43.48 | 40.97 | 63.71 | 54.12 | 41.45 |
| EBITDA margin | +42.1% | +51.3% | +35.4% | +47.8% | +44.1% | +57.6% | +51.9% | +47.7% |
| Depreciation | 4.97 | 5.08 | 5.02 | 4.97 | 4.87 | 4.92 | 4.99 | 4.66 |
| Interest | 5.00 | 6.18 | 6.59 | 6.92 | 7.40 | 8.16 | 9.14 | 9.60 |
| Profit before tax | 34.56 | 58.54 | 32.82 | 31.89 | 28.99 | 50.80 | 40.25 | 27.42 |
| Tax | 8.88 | 16.26 | 9.65 | 9.35 | 8.53 | 14.84 | 11.75 | 8.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 442 | 385 | 357 | 310 | 129 | 79.92 | 270 |
| Revenue growth | +14.9% | +7.6% | +15.1% | +140.3% | +61.7% | -70.4% | - |
| Other income | 9.68 | 6.49 | 15.23 | 4.28 | 6.38 | 7.04 | 5.10 |
| Total expenses | 245 | 187 | 167 | 138 | 89.20 | 70.12 | 162 |
| Employee cost | 77.54 | 70.64 | 66.28 | 53.63 | 37.68 | 25.34 | 61.48 |
| EBITDA | 197 | 198 | 190 | 172 | 39.99 | 9.80 | 108 |
| EBITDA margin | +44.6% | +51.4% | +53.3% | +55.5% | +31.0% | +12.3% | +40.1% |
| Depreciation | 19.93 | 19.53 | 21.05 | 19.99 | 21.03 | 22.51 | 24.26 |
| Interest | 34.55 | 42.43 | 48.71 | 44.96 | 47.94 | 48.19 | 48.16 |
| Profit before tax | 152 | 142 | 136 | 112 | (22.60) | (53.86) | 40.65 |
| Tax | 43.80 | 41.70 | 38.83 | 32.95 | (6.55) | (13.14) | 8.45 |
| Net profit | 122 | 100 | 96.93 | 78.67 | (16.37) | (34.83) | 31.12 |
| Net profit margin | +27.6% | +26.1% | +27.1% | +25.3% | -12.7% | -43.6% | +11.5% |
| EPS (βΉ) | 1.37 | 1.27 | 1.22 | 0.99 | (0.20) | (0.52) | 0.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 792 | 792 | 792 | 792 | 791 | 790 | 790 |
| Reserves & surplus | 575 | 465 | 365 | 268 | 197 | 213 | 253 |
| Shareholders' funds (net worth) | 1,367 | 1,257 | 1,157 | 1,059 | 988 | 1,003 | 1,044 |
| Secured loans | 158 | 228 | 301 | 371 | 342 | 372 | 346 |
| Unsecured loans | 169 | 170 | 170 | 172 | 171 | 170 | 167 |
| Total debt | 327 | 398 | 471 | 543 | 513 | 542 | 513 |
| Total liabilities | 1,702 | 1,657 | 1,630 | 1,604 | 1,502 | 1,547 | 1,558 |
| Assets | |||||||
| Gross block | 793 | 782 | 772 | 766 | 761 | 758 | 692 |
| Net block | 512 | 514 | 523 | 537 | 553 | 570 | 596 |
| Capital work in progress | 79.03 | 39.95 | 24.84 | 21.35 | 17.67 | 15.48 | 14.50 |
| Investments | 993 | 986 | 983 | 930 | 810 | 793 | 795 |
| Inventories | 2.32 | 2.50 | 2.63 | 2.56 | 2.08 | 1.92 | 2.34 |
| Sundry debtors | 36.75 | 35.02 | 19.89 | 64.72 | 38.19 | 77.25 | 79.79 |
| Cash & bank balances | 15.36 | 12.83 | 5.27 | 7.96 | 15.67 | 36.41 | 11.88 |
| Loans & advances | 25.49 | 20.51 | 56.57 | 22.81 | 22.04 | 29.34 | 56.26 |
| Total current assets | 79.92 | 70.86 | 84.36 | 98.05 | 77.98 | 145 | 150 |
| Total current liabilities | 54.65 | 42.73 | 37.23 | 49.83 | 39.11 | 51.43 | 58.31 |
| Net working capital | 25.27 | 28.13 | 47.13 | 48.22 | 38.87 | 93.49 | 91.96 |
| Total assets | 1,702 | 1,657 | 1,630 | 1,604 | 1,502 | 1,547 | 1,558 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 10.68 | 3.17 | 7.96 | 15.67 | 36.41 | 11.88 | 10.41 |
| Net cash from operating activities | 175 | 171 | 199 | 142 | 74.82 | 5.01 | 54.10 |
| Net cash from investing activities | (73.59) | (49.14) | (84.53) | (139) | (20.69) | 35.77 | (54.45) |
| Net cash from financing activities | (103) | (114) | (119) | (11.28) | (74.87) | (16.25) | 1.82 |
| Net change in cash | (1.60) | 7.50 | (4.79) | (7.70) | (20.74) | 24.53 | 1.47 |
| Closing cash | 15.36 | 12.83 | 5.27 | 7.96 | 15.67 | 36.41 | 11.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.9% | +7.6% | +15.1% | +140.3% | +61.7% | -70.4% | - |
| EBITDA growth | -0.3% | +3.9% | +10.4% | +331.0% | +308.1% | -90.9% | - |
| PBT growth | +7.1% | +4.7% | +21.6% | +9998.0% | +58.0% | - | -16.1% |
| Net income growth | +21.5% | +3.7% | +23.2% | +580.6% | +53.0% | -211.9% | - |
| Revenue CAGR (3Y) | +12.5% | +43.9% | +64.8% | +4.8% | -22.1% | -29.8% | +7.3% |
| EBITDA CAGR (3Y) | +4.6% | +70.3% | +168.8% | +16.9% | -24.0% | -47.6% | +21.9% |
| Profitability & leverage | |||||||
| Net income margin | +24.5% | +26.1% | +27.1% | +25.4% | -12.4% | -51.0% | +11.9% |
| Return on capital employed | +12.3% | +11.2% | +11.4% | +10.1% | +1.7% | +0.0% | +6.1% |
| Return on net worth | +9.3% | +8.3% | +8.8% | +7.7% | -1.6% | -3.4% | +3.1% |
| Debt / equity | 0.28 | 0.36 | 0.46 | 0.52 | 0.53 | 0.52 | 0.40 |
| Long-term debt / equity | 0.23 | 0.30 | 0.39 | 0.46 | 0.48 | 0.46 | 0.35 |
| Interest cover | 19.50 | 23.82 | 28.78 | 29.51 | 252.85 | -379.15 | 57.53 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.56 | 0.50 | 0.46 | 0.41 | 0.17 | 0.11 | 0.45 |
| Inventory turnover | 183.42 | 149.95 | 137.72 | 133.84 | 64.60 | 37.52 | 123.38 |
| Debtors turnover | 12.32 | 14.01 | 8.45 | 6.03 | 2.24 | 1.02 | 4.16 |
| EPS (βΉ) | 1.37 | 1.27 | 1.22 | 0.99 | (0.20) | (0.52) | 0.41 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 17.26 | 15.88 | 14.61 | 13.38 | 12.49 | 12.69 | 13.21 |
Investments & Acquisitions by Lemon Tree Hotels
Lemon Tree Hotels has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Keys Hotels.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Manages the mid-budget "Keys" hotel line in India | keyshotels.com | Mumbai, India | 2006 | Mar 2019 | $68.2M |
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Timeline of Lemon Tree Hotels
5 dated milestones of Lemon Tree Hotels across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Lemon Tree Hotels is founded.
- Funding First funding round of $45.0M.
- Funding Latest funding round, Series B, of $50.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Keys Hotels.
Competitors of Lemon Tree Hotels
Lemon Tree Hotels has 3 listed competitors in our database, 1 of them funded. They include Club Mahindra, FabHotels and Indian Hotels.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| clubmahindra.com | 1996 | Mumbai, India | 3,056 | Listings of hotels and restaurants are facilitated via the platform. | ||
| fabhotels.com | 2014 | Gurugram, India | $71.89M | 579 | Online hotel booking platform | |
| tajhotels.com | 1903 | Mumbai, India | 5,756 | Luxury hotels and resorts are owned and operated internationally. |
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Web traffic of Lemon Tree Hotels
The website of Lemon Tree Hotels (lemontreehotels.com) receives about 264.1K visits a month and ranks #140,536 among all websites worldwide, #4,020 in Accommodation and Hotels.
- Monthly visits264.1K
▼ 12.2% vs previous month
- Unique visitors166.4K
per month
- Global rank#140,536
among all websites
- Category rank#4,020
Travel and Tourism · Accommodation and Hotels
- Bounce rate39%
- Pages per visit3.1
- Average visit1 min 13 sec
- DevicesDesktop 31% Β· Mobile 69%
Websites whose visitors overlap most with Lemon Tree Hotels. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tajhotels.com | 100% | 2.7M | #22,861 | View details | |
| gingerhotels.com | 96% | 121.6K | View details | ||
| pridehotel.com | 86% | 44.4K | #592,926 | View details | |
| airbnb.co.in | 85% | 8.3M | #3,062 | View details | |
| royalorchidhotels.com | 84% | 165.5K | #293,346 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
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Top companies in Hotels
2 companies that operate in the same segment as Lemon Tree Hotels (Hotels) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Mid-market hotel chain is operated in 29 Indian cities. | 2003 | Mumbai, Maharashtra, India | USD 76.27 M | USD 43.67 M | 1,083 | |
Online hotel booking platform | 2014 | Gurugram, Haryana, India | USD 71.89 M | USD 27.76 M | 541 |
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Related news about Lemon Tree Hotels
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Frequently Asked Questions about Lemon Tree Hotels
Lemon Tree Hotels was founded in 2002 and raised its 1st funding round 4 years after it was founded.
Lemon Tree Hotels is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Vilas Pawar is the CEO of Lemon Tree Hotels, as recorded in our data.
Lemon Tree Hotels is a funded company, having raised a total of $128.72M across 3 funding rounds to date. The company's 1st funding round was a Series A of $45M, raised on Aug 2006.
Lemon Tree Hotels has 8,560 employees.
The primary company behind Lemon Tree Hotels, Lemon Tree Hotels Limited, reported revenue of βΉ1,465 Cr for FY 2026, up 12% year on year.
Lemon Tree Hotels was founded in 2002 and is headquartered in Delhi, India. Operations are focused on the hospitality sector, where a network of hotels and resorts is managed across various locations. Accommodations and guest services are provided, emphasizing value and efficiency. Bookings, loyalty programs, and secure reservations are facilitated through the companys website, with measures in place to address booking fraud.
Lemon Tree Hotels's top competitors include FabHotels, Indian Hotels and Club Mahindra.
Yes, Lemon Tree Hotels is publicly traded on NSE under the ticker symbol LEMONTREE.
Lemon Tree Hotels has made 1 acquisition, including Keys Hotels.
Lemon Tree Hotels has 2 investors. Key investors include Warburg Pincus, and APG.
Lemon Tree Hotels is associated with 6 legal entities: Lemon Tree Hotels Limited, Hyacinth Hotels Private Limited, Celsia Hotels Private Limited and others.
