Indian Hotels Share Price: 30.0% CAGR in 3 Years as the Taj Operator Outpaces Chalet Hotels
- November 10, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Indian Hotels Share Price: 30.0% CAGR in 3 Years as the Taj Operator Outpaces Chalet Hotels
Indian Hotels previous close Rs 891.65. 3-year CAGR 30.0%. Up 2.2x since 9 Nov 2023. ROE 16.21%. Market cap Rs 1,26,685 crore.
Quick Answer
The Indian Hotels share price closed at Rs 891.65 on 9 November 2026, a compounded annual return of 30.0% over three years. That compares with Chalet Hotels at 11.3%. The company has a market cap of Rs 1,26,685 crore and a P/E of 53.45 against an industry P/E of 40.04.
The Indian Hotels share price has been one of the clearest winners from the revival of Indian travel. Indian Hotels Company, the Tata group firm behind the Taj brand, has more than doubled investor money over three years while growing into a much larger hospitality business.
We compare that record with Chalet Hotels, a Mumbai-based owner of premium hotels. The article calculates three-year CAGR for both and sets the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.
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How Much Has the Indian Hotels Share Price Returned in 3 Years?
The Indian Hotels stock closed at Rs 405.45 on 9 November 2023 and at Rs 891.65 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.20 lakh, which is a CAGR of 30.0%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Indian Hotels can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Indian Hotels share price has also followed the strong growth in domestic travel, weddings and corporate events, which has lifted occupancy and room rates at upscale hotels.
Indian Hotels vs Chalet Hotels: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.
| Company | Close on 9 Nov 2023 | Previous close (9 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Indian Hotels Company | Rs 405.45 | Rs 891.65 | 2.2x | 30.0% |
| Chalet Hotels | Rs 588.45 | Rs 811.85 | 1.4x | 11.3% |
The Indian Hotels stock leads the pair at 30.0%, ahead of Chalet Hotels at 11.3%. Indian Hotels leads the pair by a wide margin, and it is also several times larger than Chalet Hotels by market cap, which reflects its brand reach and its larger room inventory. Chalet owns a smaller set of premium properties, so its results depend more on a few large hotels in a few cities.
Look at the Indian Hotels share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Indian Hotels Company | Rs 1,26,685 crore | 53.45 | 40.04 | 16.21% | 0.25 |
| Chalet Hotels | Rs 17,804 crore | 30.20 | 40.04 | 14.81% | 0.70 |
By market cap, Indian Hotels Company is the largest of the group at Rs 1,26,685 crore, which gives it the scale advantage over Chalet Hotels. On earnings, Indian Hotels shares trade at a P/E of 53.45 against an industry P/E of 40.04, a premium of about 33%, which signals that the market expects faster earnings growth. Peer multiples are Chalet Hotels at 30.20.
Return on equity is 16.21% for the Indian Hotels stock, which ranks first among the two, and debt to equity stands at 0.25. Trailing EPS is Rs 16.65. Hotel companies are valued on room inventory, occupancy and room rates, so the P/E should be read together with return on equity and debt.
What Is Driving the Indian Hotels Stock?
Indian Hotels Company runs hotels under brands such as Taj, Vivanta and Ginger, and it also operates hospitality services and a growing set of newer brands. Its hotels span luxury, upscale and budget segments.
The company has been adding hotels through management contracts, which need less capital than owning properties. That model can lift returns on equity as the portfolio grows.
Followers of the Indian Hotels share price usually track occupancy, average room rate, the pace of hotel signings and growth in newer brands and food delivery businesses.
Hotels also benefit from fixed cost economics: once rooms are built, extra occupancy and higher room rates flow to profit faster than costs rise. That is why room rate growth and the mix of luxury and budget properties get so much attention from analysts.
How the Established Players Stack Up
Chalet Hotels owns and develops premium hotels, including large properties in Mumbai, Hyderabad and other cities, along with some commercial assets. It compounded at 11.3% a year, on a market cap of Rs 17,804 crore and an ROE of 14.81%.
What Should Investors Track Next?
Three things are worth watching on the Indian Hotels share price. First, occupancy and room rates during the festive and wedding seasons. Second, the pace of new hotel signings. Third, margins as new brands scale.
At a P/E of 53, the stock trades above the industry average. Hotel earnings depend on travel demand, so size any position with that in mind.
Check the Univest Screener for live fundamentals of hotel stocks
How to Compare Hotel Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Indian Hotels stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Indian Hotels share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the Indian Hotels share price and compare hotel stocks live.
A Hospitality Leader Riding the Travel Revival
The Indian Hotels share price compounded at 30.0% a year over three years, against 11.3% for Chalet Hotels. Its ROE of 16.21% and a debt to equity of 0.25 reflect a strong financial profile.
Chalet Hotels trades at a lower multiple and has a more concentrated portfolio, while Indian Hotels offers brand reach and a broader mix. The choice depends on how you weigh scale against valuation.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Indian Hotels share price today?
Ans. Indian Hotels Company closed at Rs 891.65 on 9 November 2026, according to NSE data. It has a market cap of Rs 1,26,685 crore and a P/E of 53.45. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Indian Hotels stock?
Ans. Indian Hotels Company delivered a price CAGR of 30.0% over three years, moving from Rs 405.45 on 9 November 2023 to Rs 891.65 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Indian Hotels better than Chalet Hotels?
Ans. The Indian Hotels stock delivered a higher three-year CAGR at 30.0% than Chalet Hotels at 11.3%. Indian Hotels is also larger by market cap at Rs 1,26,685 crore and has the higher ROE at 16.21% against 14.81%, while Chalet trades at a lower P/E of 30.20 than Indian Hotels at 53.45.
What does Indian Hotels Company do?
Ans. Indian Hotels Company is a Mumbai-based hospitality company of the Tata group that runs hotels under brands such as Taj, Vivanta and Ginger.
Is the Indian Hotels stock debt free?
Ans. The debt to equity ratio of the Indian Hotels stock is 0.25 and its return on equity is 16.21%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Indian Hotels expensive compared with the industry?
Ans. Indian Hotels trades at a P/E of 53.45 against an industry P/E of 40.04. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which hotel stock gave the highest return in 3 years?
Ans. Among the companies compared here, Indian Hotels Company delivered the highest three-year CAGR at 30.0%, followed by Chalet Hotels at 11.3%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
