NSE: LEMONTREE | BSE: 541233

Mid-range Performer

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153.94 8.69 (5.98%)

37.09% Gain from 52W Low

5.3M NSE+BSE Volume

NSE 18 Aug, 2025 12:10 PM (IST)

12,195.8

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Lemon Tree Hotels Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for LEMONTREE, BSE:541233 Lemon Tree Hotels Ltd.

Lemon Tree Hotels Ltd.

14 Aug 2021

153.94

5.98%

Lemon Tree Hotels

Buy: Lemon Tree Hotels Ltd.

ICICI Securities Limited

About the stock::Promoted by Patanjali Keswani, Lemon Tree (LTHL) is the largest hotel chain in the mid-priced segment in India. It operates 8,300 rooms in 84 hotels across 52 destinations in India and abroad under brands like Aurika (premium),...

Lemon Tree Hotels Ltd. has an average target of 172.20 from 6 brokers.

Lemon Tree Hotels Ltd.

12 Aug 2021

153.94

5.98%

Higher operational inventory dents EBITDA

Buy: Lemon Tree Hotels Ltd.

Target

Motilal Oswal

Lemon Tree Hotels Ltd. has an average target of 172.20 from 6 brokers.

Lemon Tree Hotels Ltd.

17 Jun 2021, 12:00AM

153.94

5.98%

Lemon Tree Hotels

Buy: Lemon Tree Hotels Ltd.

Recommendation Target

ICICI Securities Limited

Performance set to improve sharply from H2FY22E onwards As the economy is now coming out of pandemic induced pain, LTH is also gradually moving to its full functionality with operational inventory rising from 71.5% in Q1 to 86.8% in Q2, 91.2% in Q3, 93.4% in Q4. Although improvement is getting visible in tourist destinations, a recovery in corporate travel may take at least five to six months due to ongoing work from home policy. We model occupancy of 60%, 69% and ARR of | 3930, | 4710 in FY22E, FY23E, respectively. LTH has taken measures to curtail costs, by taking salary...

Lemon Tree Hotels Ltd. has gained 29.40% in the last 1 Year

Lemon Tree Hotels Ltd.

12 Feb 2021

153.94

5.98%

Lemon Tree Hotels

Hold: Lemon Tree Hotels Ltd.

Target

ICICI Securities Limited

As the economy is now coming out of pandemic induced pain, the company is also gradually moving to its full functionality with operational inventory increasing from 71.5% in Q1 to 86.8% in Q2 and 91.2% in Q3. Although, improvement is getting visible in tourist destinations, recovery in corporate travel will take at least eight to 12 months due to ongoing work from home policy. We model occupancy of 47%, 60% and ARR of | 3180, | 4455 in FY21E, FY22E, respectively. LTH has taken measures to curtail costs, by taking salary cuts, re-negotiating contracts, reducing repairs costs, reduction...

Lemon Tree Hotels Ltd. is trading above all available SMAs

Lemon Tree Hotels Ltd.

11 Feb 2021

153.94

5.98%

Recovery in Corporate demand - a key trigger

Buy: Lemon Tree Hotels Ltd.

Target

Motilal Oswal

LEMONTRE's 3QFY21 revenue grew 44% QoQ, led by 25% RevPAR growth. This was on the back of 10pp improvement in occupancy, but was offset by a 5% decline in ARR. EBITDA soared 142% QoQ on cost-saving initiatives. Factoring in the current demand scenario, particularly in business travel, we have lowered our FY21E EBITDA estimate by 12% and have largely maintained our FY22E/FY23E EBITDA estimates. We have a Buy rating on the stock with TP of INR50 per share....

Lemon Tree Hotels Ltd. has an average target of 172.20 from 6 brokers.

Lemon Tree Hotels Ltd.

10 Nov 2020

153.94

5.98%

Lemon Tree Hotels

Hold: Lemon Tree Hotels Ltd.

Target

ICICI Securities Limited

Stringent cost control remains key for survival With re-opening of state borders, the company saw a recovery in demand. Operating inventory also increased from 71.5% in Q1 to 86.8% in Q2. This led to 17.1% QoQ growth in revenues for the quarter. Although some improvement would be visible, going forward, with gradual unlocking of economy meaningful recoveries will take at least 12-15 months. We model occupancy of 43%, 60% and ARR of | 3580, | 4210 in FY21E, FY22E, respectively. LTH has taken measures to curtail costs, by taking salary cuts,...

Number of FII/FPI investors increased from 208 to 236 in Jun 2025 qtr.

Lemon Tree Hotels Ltd.

09 Nov 2020

153.94

5.98%

Resilient despite challenges

Buy: Lemon Tree Hotels Ltd.

Target

Motilal Oswal

Revenue stood at INR476m (v/s est. INR452m) in 2QFY21, down 69% YoY. ARR declined 36% YoY to INR2,654, and occupancy declined by 42.4pp (to 32.4%). Thus, RevPAR plunged 72% YoY to INR859. EBITDA plummeted 83% YoY to INR83m (v/s est. INR90m and INR44m in 1QFY21). Adj. loss stood at INR371m (v/s loss of INR22m last year). On QoQ basis, RevPAR grew 13%, led by 350bp improvement in occupancy and 1% increase in ARR. Revenue/EBITDA grew 17%/91% QoQ. On same hotel basis (excluding hotels, which were commissioned over the...

Lemon Tree Hotels Ltd.'s price crossed above 30Day SMA today

Lemon Tree Hotels Ltd.

10 Sep 2020

153.94

5.98%

Lemon Tree Hote

Buy: Lemon Tree Hotels Ltd.

Dolat Capital

Lemon Tree Hotels Ltd. has an average target of 172.20 from 6 brokers.

Lemon Tree Hotels Ltd.

11 Aug 2020

153.94

5.98%

Lemon Tree Hotels

Hold: Lemon Tree Hotels Ltd.

Target

ICICI Securities Limited

Lemon Tree's (LTH) business was severely affected by lockdown in Q1FY21. Revenues fell 71.1% YoY to | 40.7 crore (vs. I-direct estimate: | 43.7 crore) as only 71% of its inventory was operational. Occupancy in operational hotels was at 40.4%, leading to average occupancy of 28.9% for the quarter. Average room rates were also down 34.4% YoY to | 2626/room. Key demand segments for business were Indians returning from abroad, global IT majors for their business continuity and on duty doctors & paramedical staffs. Total expenses were at | 36.3 crore in Q1FY21, down 62.2% YoY vs....

Lemon Tree Hotels Ltd. is trading above all available SMAs

Lemon Tree Hotels Ltd.

10 Aug 2020

153.94

5.98%

Only Hotel player likely to be EBITDA positive v/s peers

Buy: Lemon Tree Hotels Ltd.

Target

Motilal Oswal

10 August 2020 Lemon Tree Hotels (LEMONTRE) cost saving initiatives have aided in achieving positive EBITDA (higher than est.). This is commendable in our view, especially at a time when hotel players have either reported or are likely to post EBITDA loss (for players yet to announce results). Although EBITDA was above our estimates, we have maintained our FY21/22E estimates as 1QFY21 is not expected to contribute materially to FY21 EBITDA. We have a rating on the stock with TP of INR33. 1QFY21 revenue was down 71% YoY to INR407m (v/s est. ARR declined 34% YoY to INR2,626, while occupancy decreased 48.7pp to 28.9%, leading to RevPAR drop of 76% YoY to INR759. EBITDA plunged 90% YoY to INR44m (v/s est. INR3m) while Adj. loss stood at INR419m (v/s loss of INR17m last year). On same hotel basis (excluding hotels, which were commissioned over the past 12 months i.e.

IDBI Capital released a Buy report for Lemon Tree Hotels Ltd. with a price target of 177.0 on 12 Aug, 2025.

Is Lemon Tree Hotels Ltd. worth buying?

571 Votes:

Buy 78.63%

Sell 12.26%

Hold 9.11%

RESEARCH REPORTS

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Buy SEE REPORTS >

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