Lemon Tree Hotels Ltd
Lemon Tree Hotels Ltd (LEMONTREE)

Lemon Tree Hotels Ltd (LEMONTREE)

₹86.81.52%

Key Stats

₹84.4
Day's Price Range
₹87.3
₹42.1
52-Week Price Range
₹88.5
1 Month Return19.66 %
3 Month Return40.62 %
1 Year Return88.32 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 327
-208.54
EPS
Rank 345
₹-0.41
BVPS
Rank 409
₹10.51
Dividend Yield
Rank 184
ROE
Rank 995
-1.61%
Price To Book Ratio
8.13
Debt To Asset
Rank 129
0.75

Company Information

Lemon Tree Hotels LTH was incorporated on June 02 1992. The Company is engaged in the business of developing owning acquiring renovating operating managing and promoting hotels motels resorts and restaurants. The company has added 723 rooms in 9 hotels across 8 cities and presently operates 56 hotels in 33 cities with 5525 rooms. With these new hotels it expanded the geographical presence to Srinagar Baddi Lucknow and Amritsar. The name of the company was changed to Lemon Tree Hotels Private Limited on 10 June 2010. During the FY 2018 the Company has 13 direct subsidiary companies and 8 indirect subsidiary companies.Lemon Tree hotels are located across India in metro regions including the NCR Bengaluru Hyderabad and Chennai as well as tier I and tier II cities such as Pune Ahmedabad Chandigarh Jaipur Indore and Aurangabad Due to the dynamic and evolving nature of Indian guests expectations and based on its market research it has created three brands in order to address these three hotel segments: Lemon Tree Premier which is targeted primarily at the uppermidscale hotel segment catering to business and leisure guests who seek to use hotels at strategic locations and are willing to pay for premium service and hotel properties Lemon Tree Hotels which is targeted primarily at the midscale hotel segment catering to business and leisure guests and offers a comfortable costeffective and convenient experience and Red Fox by Lemon Tree Hotels which is targeted primarily at the economy hotel segment.The companys Promoter Mr. Patanjali Govind Keswani has approximately three decades of experience in the hotel and hospitality industry. He has demonstrated ability to manage and grow its operations organically and also by acquiring and integrating hotels. The Companys shareholders include marquee investors such as funds affiliated with Warburg Pincus and APG a Netherlands based asset manager of pension funds.In 2004 the company opened first its Lemon Tree Hotel in Gurugram Haryana. In 2006 Maplewood Investment Ltd fund affiliated to Warburg Pincus made investment in the company. In 2008 Citron Limited made investment in the company. In 2009 the company opened the first Red Fox hotel in Jaipur Rajasthan.In 2010 the company opened the first Lemon Tree Premier hotel in Leisure Valley Gurugram Haryana.On the conversion of the company to a public limited company pursuant to a resolution passed by the shareholders on September 29 2012 the name of the company was changed to Lemon Tree Hotels Limited on October 22 2012.In 2012 APG Strategic Real Estate Pool N.V. made investment in the company. During the year under review the company commenced the business of management of hotels through its subsidiary Carnation Hotels Private Limited.In 2015 APG made investment in the companys two subsidiaries Nightingale Hotels Private Limited and Begonia Hotels Private Limited.On 22/09/2017 the company filed Draft Red Herring Prospectus and on 19/03/2018 filed Red Herring Prospectus with SEBI for raising Rs. 1038.68 cr. The Issue dates were from 26/03/2018 to 28/03/2018 with Price Band of Rs. 54 to Rs. 56. The Issue got subscribed 1.14 times leading to its Issue Price being fixed at Rs. 56. The Shares got listed in BSE and NSE on 09/04/2018 at Rs. 61.60 which is 10 above Issue Price.On 8 June 2018 Lemon Tree Hotels informed the stock exchanges that the companys subsidiary company Iora Hotels Private LimitedIORA has received final preconstruction approval i.e Consent to Establish from Maharashtra Pollution Control Board for commencing construction of its 577 rooms suites property with large convention center to be opened under the Companys brand Lemon Tree Premier located next to Mumbai International Airport Mumbai which is the most demand dense and highest barrier to entry hotel market in India. The groundbreaking i.e start of construction shall commence on 10th June 2018.On 6 September 2018 Lemon Tree Hotels informed the stock exchanges that it has signed a License Agreement for a 60room property including 15 luxury tents at Ranthambore Rajasthan under the Companys brand Lemon Tree Premier. The Hotel is expected to be operational by September 2020. Carnation Hotel Private Limited the hotel management arm of the Company will be operating and marketing this Hotel.On 16 October 2018 Lemon Tree Hotels informed the stock exchanges that it has signed a License Agreement for a 70room property located near BKC Mumbai under the Companys brand Lemon Tree Hotel. The Hotel is expected to be operational by June 2019. Carnation Hotel Private Limited the hotel management arm of the Company will be operating and marketing this Hotel. This Hotel is addition to the two 2 other upcoming owned hotels of the Lemon Tree Group in Mumbai with a combined inventory of approx 1000 rooms.Lemon Tree Hotels came out with an initial public offer IPO of 185479400 equity shares of face value of Rs 10 each of the company for cash at a price of Rs 56 per equity share aggregating to Rs 1038.68 crores during the period from 26 March 2018 to 28 March 2018. The offer for sale was of 94500053 equity shares aggregating to Rs 529.20 Crores by Maplewood Investment Ltd 25320584 equity shares aggregating to Rs 141.79 Crores by RJ Corp Limited 13999416 equity shares aggregating to Rs78.40 Crores by Ravi Kant Jaipuria and sons huf 6986180 equity shares aggregating to Rs 39.12 Crores by Whispering Resorts Private Limited 883440 equity shares aggregating to Rs 4.95 Crores by swift Builders Limited 23649816 equity shares aggregating to Rs 132.44 Crores by Five Star Hospitality Investment Limited 19159911 equity shares aggregating to Rs 107.30 Crores by Palms international Investments Limited 480000 equity shares aggregating to Rs 2.69 Crores by Mr. Satish Chander Kohli and 500000 equity shares aggregating to Rs 2.80 Crores by Mr. Raj Pal Gandhi the selling shareholders. There was no fresh issue of shares by the company. The IPO was priced at Rs 56 per equity share.During the Financial Year under review the Company initiated the process of Initial Public offering of 185479400 equity shares of face value of Rs 10 each of the Company through an Offer For Sale Offer by the Selling Shareholders and Offer has been subscribed 1.19 times with great interest shown by Institutional investors which include key foreign institutional investors as well as major domestic mutual funds of the Offer. The Company completed the process of Initial Public Offer and the Companys equity shares got listed on the National Stock Exchange of India Limited NSE and BSE Limited on April 9 2018.During the Financial Year under review as a part of Companys restructuring plan the Board of Directors had approved the Scheme of Amalgamation of Aster Hotels Resorts Private Limited PRN Management Services Private Limited Headstart Institute Private Limited together the Transferor Companies with Lemon Tree Hotels Limited the Company u/s 230 to 232 of the Companies Act 2013 and scheme has been duly approved by the National Company Law Tribunal NCLT vide its order dated December 22 2017 and the scheme became effective from December 28 2017. Investment has been nullified with effect from the Appointed date i.e. April 012017. Pursuant to Scheme the Company has made the allotment of 56511722 equity shares to the shareholders of the Transferor Companies and equivalent shareholding held by the Transferor Companies in the Company stands cancelled.
OrganisationLemon Tree Hotels Ltd
HeadquartersNew Delhi
IndustryHotels & Restaurants