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Mahindra Holidays & Resorts India Ltd.

HospitalityHotel, Resort & Restaurants

www.clubmahindra.com BSE: 533088NSE: MHRIL

₹193.55BSE1.28%

16 Sep, 4:01 PM

₹193.55

₹3.91K Cr

73.79

-13.31

0.00%

₹194.10

₹188.35

₹368.70

₹188.35

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Price Performance

Peer Comparison

Name
INDIAN HOTEL INDHOTEL	713.00	47.30	1,01,490.72	0.46	390.81	18.67%	2,339.19	14.61%	25.70
ITCHOTELS ITCHOTELS	153.40	36.98	31,953.31	0.65	181.91	36.05%	936.02	14.77%	10.54
CHALET CHALET	843.90	34.97	18,480.91	0.24	86.13	-57.60%	512.27	-42.73%	17.19
EIH LTD. EIHOTEL	292.30	25.69	18,279.40	0.51	120.31	226.22%	656.96	14.54%	19.68
THELEELA THELEELA	522.00	39.50	17,432.60	0.00	48.76	460.27%	351.96	28.08%	8.97
VENTIVE VENTIVE	562.00	27.37	13,125.04	0.00	124.18	227.44%	542.80	6.97%	13.15
LEMONTREE LEMONTREE	103.15	34.80	8,172.02	0.00	57.34	19.21%	344.61	9.13%	18.72
Mahindra Holidays & Resorts India Ltd. MHRIL	193.55	73.79	3,909.02	0.00	-8.56	-219.39%	732.81	4.48%	42.30

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	553.44	542.58	604.85	598.36	602.17	711.61	614.31	655.27	652.86	670.75	678.43	778.83	701.40	717.34	752.70	820.29	732.81
Expenses	472.44	454.63	505.18	481.89	511.41	546.92	530.38	519.26	547.50	547.34	532.74	574.45	578.95	564.60	608.53	623.06	620.01
	81.00	87.95	99.68	116.48	90.76	164.69	83.93	136.01	105.36	123.41	145.69	204.38	122.45	152.74	144.18	197.23	112.81
	14.64%	16.21%	16.48%	19.47%	15.07%	23.14%	13.66%	20.76%	16.14%	18.40%	21.47%	26.24%	17.46%	21.29%	19.15%	24.04%	15.39%
	31.01	40.24	32.17	28.81	22.27	23.66	37.52	16.90	33.23	35.43	31.97	28.33	38.75	32.11	18.70	23.70	40.73
Interest	24.04	26.67	23.41	22.70	39.90	32.61	31.60	33.28	35.30	37.54	36.96	38.38	38.74	48.13	47.24	46.95	47.07
	67.93	69.73	68.88	70.08	72.33	78.71	81.25	83.79	88.66	92.48	92.99	91.87	95.64	100.60	104.42	108.63	109.40
	20.04	31.81	39.64	52.54	1.33	77.14	8.71	35.40	14.04	28.12	47.96	102.41	26.29	35.51	11.54	65.32	-3.19
	33.20%	50.11%	24.77%	21.20%	1,134.16%	27.00%	89.77%	39.47%	56.65%	59.15%	26.15%	28.77%	72.73%	52.29%	87.82%	36.48%	-167.94%
	13.72	16.25	29.73	40.86	-11.90	56.42	0.18	21.34	5.89	13.77	34.84	73.08	7.87	17.85	2.23	41.56	-8.67
	0.69	0.81	1.49	2.04	-0.59	2.81	0.01	1.06	0.29	0.68	1.73	3.62	0.39	0.89	0.11	2.06	-0.43

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	2,013.30	2,516.99	2,704.60	2,780.85	2,991.74
Operating Income (Net)	2,013.30	2,516.99	2,704.60	2,780.85	2,991.74
EXPENDITURE :
Increase/Decrease in Stock	-8.95	-30.29	-27.29	-96.03	-137.79
Foods, Beverages Consumed	273.57	381.83	385.07	432.65	484.87
Power & Fuel Cost	77.61	122.93	136.74	137.28	158.60
Employee Cost	557.19	655.89	742.94	771.63	812.97
Other Operating & Servicing Cost	223.30	178.69	196.62	209.06	223.00
Selling and Administration Expenses	489.52	571.76	585.08	549.86	568.50
Miscellaneous Expenses	80.62	156.75	163.24	188.76	249.03
	1,692.87	2,037.56	2,182.41	2,193.21	2,359.18
Operating Profit (Excl OI)	320.43	479.43	522.19	587.64	632.56
	165.55	106.90	114.99	128.96	124.32
	485.98	586.34	637.18	716.60	756.88
Interest	104.69	126.45	140.47	156.98	197.01
PBDT	381.29	459.89	496.71	559.62	559.87
	270.75	290.00	336.62	366.00	409.29
Profit Before Taxation & Exceptional Items	110.54	169.90	160.09	193.62	150.58
Exceptional Income / Expenses					-11.06
	110.54	170.65	159.52	192.53	138.65
Provision for Tax	42.92	56.82	43.46	66.59	71.65
	67.62	113.82	116.06	125.95	67.00
Extra items				0.00	0.00
Minority Interest	-0.13	1.30	-0.53	1.64	2.51
Share of Associate	0.02
Consolidated Net Profit	67.51	115.12	115.52	127.59	69.51
Profit Balance B/F	389.06	456.54	571.66	687.18	735.83
Appropriations	456.57	571.66	687.18	814.77	805.34
	3.38	5.74	5.73	6.33	3.45
Adjusted EPS	3.38	5.74	5.73	6.33	3.45

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	199.85	200.70	201.54	201.64	201.68
Share Warrants & Outstandings	20.43	26.18	24.34	24.07	6.85
Total Reserves	29.53	162.90	298.19	475.80	569.36
Reserve excluding Revaluation Reserve	627.61	-753.88	-632.78	-581.12	-487.57
Revaluation reserve	-598.07	916.79	930.98	1,056.92	1,056.92
	249.81	389.78	524.07	701.51	777.88
Minority Interest	9.99	8.77	9.30	8.29	5.77
Secured Loans	114.80	89.52	16.10	16.23	18.13
Unsecured Loans	543.18	607.64	4.28	765.43	488.07
Deferred Tax Assets / Liabilities	-264.71	-286.70	-57.76	-8.69	-13.61
Other Long Term Liabilities	6,036.52	6,401.98	6,563.05	6,937.93	7,410.08
Long Term Provisions	8.68	8.35	9.68	10.85	23.63
Total Non-Current Liabilities	6,438.47	6,820.80	6,535.35	7,721.75	7,926.31
Trade Payables	348.33	397.91	391.28	352.94	331.34
Other Current Liabilities	1,288.14	1,186.82	1,891.82	1,340.18	1,858.77
Short Term Borrowings	13.23		210.06	200.02	268.38
Short Term Provisions	8.51	7.08	9.46	60.51	11.28
Total Current Liabilities	1,658.20	1,591.82	2,502.62	1,953.66	2,469.77
Total Liabilities	8,356.46	8,811.16	9,571.34	10,385.20	11,179.73
Gross Block	5,727.50	6,277.31	6,752.36	7,537.07	8,840.35
Less: Accumulated Depreciation	1,541.28	1,859.79	2,163.59	2,533.93	3,099.73
Net Block	4,186.22	4,417.51	4,588.77	5,003.14	5,740.62
Capital Work in Progress	114.41	159.98	195.71	364.80	325.20
Non Current Investments	26.91	39.83	24.42	24.09	27.87
Long Term Investment	26.91	39.83	24.42	24.09	27.87
Long Term Loans & Advances	789.38	508.48	805.03	1,148.92	530.36
Other Non Current Assets	784.97	845.09	895.72	776.28	763.36
Total Non-Current Assets	5,909.03	5,993.32	6,557.73	7,359.66	7,422.83
Currents Investments	279.43	533.66	650.33	728.59	666.69
Inventories	540.98	570.29	597.06	694.21	833.23
Sundry Debtors	964.56	1,019.88	1,102.41	1,141.08	1,229.15
Cash and Bank	435.16	226.48	291.93	271.22	101.86
Other Current Assets	66.89	77.16	67.50	54.28	68.92
Short Term Loans and Advances	160.41	390.38	304.37	136.16	857.04
Total Current Assets	2,447.43	2,817.85	3,013.60	3,025.54	3,756.90
Net Current Assets (Including Current Investments)	789.23	1,226.03	510.99	1,071.89	1,287.13
Total Assets	8,356.46	8,811.16	9,571.34	10,385.20	11,179.73
Contingent Liabilities	1,566.45	1,565.82	1,581.44	1,629.77	1,510.31
Total Debt	934.03	756.04	884.08	987.49	1,233.99
	41.40	-27.56	-21.40	-18.82	-14.18
Adjusted Book Value	41.40	-27.56	-21.40	-18.82	-14.18

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	110.56	170.65	159.52	192.53	138.65
Adjustment	255.68	350.11	356.54	404.30	529.23
Changes In working Capital	74.08	158.84	59.59	24.36	-22.02
Cash Flow after changes in Working Capital	440.32	679.60	575.65	621.20	645.86
Cash Flow from Operating Activities	498.12	681.36	624.33	621.46	530.76
Cash Flow from Investing Activities	-256.96	-209.83	-448.69	-400.61	-213.18
Cash Flow from Financing Activitie	-217.37	-459.17	-189.64	-284.93	-315.37
Net Cash Inflow / Outflow	23.78	12.37	-14.00	-64.08	2.20
Opening Cash & Cash Equivalents	79.33	102.70	116.36	102.90	37.10
Effect of Foreign Exchange Fluctuations	-0.41	1.29	0.55	-1.72	-3.37
Closing Cash & Cash Equivalent	102.70	116.36	102.90	37.10	35.93

Ratios

Valuation

73.79

-13.31

6.88

1.29

2.62

-14.54

Profitability

0.00

42.30

0.62

21.14

2.24

Leverage & Liquidity

-4.32

1.52

1.70

Returns

0.00

0.28

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	66.76	66.76	66.75	66.74	66.74	66.74	66.74	66.74	66.73
	15.78	15.55	15.56	15.43	15.60	15.45	15.89	16.32	15.01
	17.45	17.69	17.69	17.83	17.65	17.81	17.37	16.94	18.25
	33.24	33.24	33.25	33.26	33.26	33.26	33.26	33.26	33.27
No. of Shareholders	79,175	82,831	84,080	84,856	88,115	88,964	92,347	93,818	96,220

Corporate Actions

Showing: All

Date	Type	Details
2026-06-30	Board Meeting	Quarterly Results
2026-05-04	AGM
2026-04-01	Board Meeting	Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-09-04	Rohit Malik	ESOP	Sell	5,461
2026-09-04	Ashutosh Pandey	ESOP	Sell	7,064
2022-09-29	Mahindra Holidays & Resorts India Ltd Employees Stock Option Trust	ESOP	Sell	10,000
2022-09-28	Oneel Verma	ESOP	Buy	10,000
2022-09-26	Priyannka Gidwani	ESOP	Buy	10,000
2022-09-26	Mahindra Holidays & Resorts India Ltd Employees Stock Option Trust	ESOP	Sell	25,000
2022-09-26	Rohit Malik	ESOP	Buy	5,000
2022-09-26	Rohit Malik	Market	Sell	1,000
2022-09-19	Kavinder Singh	Market	Sell	6,000
2022-09-19	Mahindra Holidays & Resorts India Ltd	ESOP	Sell	15,000
2022-09-19	Oneel Verma	Market	Sell	10,000
2022-09-19	Oneel Verma	ESOP	Buy	15,000
2022-09-19	Oneel Verma	Market	Sell	14,950
2022-09-13	Vivek Khanna	Market	Sell	25,000
2022-09-06	Rohit Malik	Market	Sell	5,000
2022-09-06	Dhanraj Mulki	Market	Sell	20,000
2022-09-06	Kavinder Singh	Market	Sell	5,125
2022-09-01	Rohit Malik	ESOP	Buy	5,000
2022-09-01	Oneel Verma	ESOP	Buy	10,000
2022-09-01	Mahindra Holidays & Resorts India Ltd Employees Stock Option Trust	ESOP	Sell	15,000

Sector Overview

HospitalityHotel, Resort & Restaurants

Mahindra Holidays & Resorts India Ltd. operates in the Hospitality sector under the Hotel, Resort & Restaurants industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

13 members across the board and senior leadership

CP Gurnani

Chairman

₹39.05 L

Mar '26

Arun Nanda

Chairman

₹98.90 L

Mar '22

Anish Shah

Non Independent & Non Executive Director

—

Rohit Khattar