Lemon Tree Hotels Limited

Hotels/Resorts/Cruise lines/ NSE

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

LEMONTREE

FY26 → FY28 · 2 years of guidance · ~1.7 years from today₹109 today

BEAR

₹197

+80%+42% a yr

28.8% a year · 41.3x exit

BASE

₹351

+221%+102% a yr

49.9% a year · 54.5x exit

BULL

₹587

+437%+175% a yr

67.8% a year · 72.7x exit

Where the market has priced it

38x38x today119x

the guided figure reached earnings through a low-confidence bridge
4 of 10 filed years were loss-making or near zero — this band describes a recovery, not a settled rating
at 38x its FY26 earnings the stock trades below the bottom of its own ten-year range (41x)
the range is unusually wide — read it as the span of management's own claim, not as a forecast
this company's own median multiple sits 70% above its filed-industry peers; the scenario uses its own

How these numbers are produced

Earnings base	FY26 fiscal year EPS ₹2.87 (screener)
Guided growth	49.9% a year, said on the call of 16-Feb-2026 · transcript
Read across as	operating: unlabelled growth figure, read as revenue — low confidence
Delivery calibration	0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings
Exit multiple	41.27x / 54.45x / 72.68x, this company’s own p20 / median / p80 across 5 filed years
Filed-industry peers	median 31.95x across 5 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)² × exit multiple

Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from NSE earnings-call filings · extracted, not interpreted

generic growth 50%

I think Keys should show 50% growth in RevPAR and I have said earlier that the average daily rate should be equal to at least Red Fox.

Call 16-Feb-2026 · bridge confidence low · transcript PDF

Coverage

SectorHotels/Resorts/Cruise lines

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

Hospitality

Lemon Tree Hotels – Aurika project extension.

Guidance27 Jul 03:11

Hotels, Hospitality and Aviation

Indian Hotels Company, Interglobe Aviation (Indigo), Lemon Tree Hotels

Home Décor

APL Apollo Tubes, Astral, Century Plyboards, Finolex Industries, Greenlam Industries,

Greenpanel Industries, Greenply Industries, JTL Industries, Prince Pipes, Somany Tiles, Supreme Industries, Venus Pipes, Welspun

Mention only09 Jun 11:11

*Lemon Tree Hotels:* Signed a new franchise agreement for a Key Prima hotel in Rajasthan, which will feature 88 rooms alongside restaurants and other amenities.

Order win09 Jun 02:27

LEMON TREE HOTELS: OPENS SECOND HOTEL IN MUSSOORIE 🏨🌄

🏨 Opened Keys Prima by Lemon Tree Hotels, Kempty Road, Mussoorie, the group's second property in Mussoorie.

📍 Takes Lemon Tree's operational portfolio in Uttarakhand to 10 hotels, with 11 more properties in the pipeline.

🛏️ Hotel features 47 rooms across Superior, Deluxe, Exec

Capacity / capex30 Jul 14:43