NSE: LEMONTREE | BSE: 541233

Mid-range Performer

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145.11 3.00 (2.11%)

29.23% Gain from 52W Low

4.5M NSE+BSE Volume

NSE 12 Aug, 2025 2:37 PM (IST)

11,496.3

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Estimates Beat

Lemon Tree Hotels' Q1 profit beats Forecaster estimates by 4.7%; EBITDA margin expands 178 bps YoY See details

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.

31 May 2019

145.11

2.11%

ARR growth and new hotels drive revenue

Buy: Lemon Tree Hotels Ltd.

Target

Motilal Oswal

Higher cost at new hotels impacts EBITDA growth momentum: ARR during 4QFY19 grew 4% YoY (to INR4,405) with occupancy improvement of 32bp to 77.6% (on same hotel basis, occupancy improved 330bp to 80.7%). This, along with new hotels led to 14% revenue growth. However, recently launched LTP (Pune)/RFH (Dehradun) operating at ~33%/~50% occupancy in FY19 dragged EBITDA growth; operational expenses grew 8.3% of which 8% was due to commencement of new hotels. In FY19, ARR grew 7.3% YoY to INR4,180 with occupancy improvement of 48bp to 76.3%....

Lemon Tree Hotels Ltd. is trading above its 200 day SMA of 137.9

Lemon Tree Hotels Ltd.

23 Apr 2019

145.11

2.11%

Lemon Tree Hotels (LEMONTRE) is the largest hotel chain operator in the mid-priced hotel segment in

Buy: Lemon Tree Hotels Ltd.

Motilal Oswal

Lemon Tree Hotels (LEMONTRE) is the largest hotel chain operator in the mid-priced hotel segment in India. It manages 5,342 rooms across India through its three brands: (i)Lemon Tree Premier (LTP) -catering to the upper-midscale segment, (ii) LemonTree Hotels (LTH)- for the midscale segment, and (iii) the Red Fox Hotel (RFH) -targeted towards the economy segment.

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

Lemon Tree Hotels Ltd.

08 Apr 2019

145.11

2.11%

Lemon Tree Hotels Ltd.

Accumulate: Lemon Tree Hotels Ltd.

AUM Capital

Lemon Tree Hotels Ltd. (LTH), incorporated in 1992 is the largest mid-priced hotel sector chain, and the third largest overall, on the basis of controlling interest in owned and leased rooms. Delhi based LTH is the only integrated hospitality company which operates in the mid-priced hotel sector in India, which operates with end-to-end capabilities across the value...

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

Lemon Tree Hotels Ltd.

17 Feb 2019

145.11

2.11%

Lemon Tree (3QFY19): High valuations. Downgrade to NEUTRAL

Neutral: Lemon Tree Hotels Ltd.

Recommendation Target

HDFC Securities

We are now compelled to downgrade LTHL to Neutral with a TP of Rs 68 (30x EV/e on Dec-20E on proportionate ownership). Lemon Trees (LTHL) 3QFY19 performance was in-line but weak. Revenue/EBITDA grew by 8.3/14.5% YoY to Rs 1.43/0.49bn. PAT of Rs 125mn was up by 34% YoY owing to higher other income. Modest 4.8% ARR growth and flat RevPAR YoY were key negatives.

Lemon Tree Hotels Ltd. has an average target of 168.50 from 7 brokers.

Lemon Tree Hotels Ltd.

16 Nov 2018

145.11

2.11%

Lemon Tree (2QFY19): Good execution. Maintain BUY

Buy: Lemon Tree Hotels Ltd.

Target

HDFC Securities

Reiterate BUY with a TP of Rs 86, 30x Sep-20E EV/EBITDA Lemon Trees (LTHL) 2QFY19 performance was in-line. Revenue/EBITDA at Rs 1.3/0.4bn grew by 15.3/26.5% YoY. PAT jumped to Rs 57mn (vs. loss of Rs 33mn in 2QFY18) owing to higher other income.

Lemon Tree Hotels Ltd. is trading above its 200 day SMA of 137.9

Lemon Tree Hotels Ltd.

09 Oct 2018

145.11

2.11%

Hotels (Sector Report): Make hay while the sun shines

Buy: Lemon Tree Hotels Ltd.

HDFC Securities

We believe that the industry leaders like Indian Hotels (IHCL) in luxury segment (five star and above) and Lemon Tree (LTHL) in mid-market segment (2-star to 4-star) with their superior execution capabilities are best placed. Initiate BUY on Indian Hotels with TP of Rs 150 @ 20x Sep-20E EV/EBITDA in-line with its historical average and Lemon Tree with TP of Rs 86 @ 30x Sep-20E EV/EBITDA owing to its superior growth. Notable trends are evolving in the Indian Hospitality sector that are likely to provide attractive opportunities for long term investors. These include (a) robust demand with occupancies at ~64-66% in FY16-18 vs. 59% over FY09-15. Demand in the near term is projected to outpace supply thereby improving occupancies to 68-70%.

Lemon Tree Hotels Ltd. is trading below its 30 day SMA of 148.6

Lemon Tree Hotels Ltd.

24 Mar 2018

145.11

2.11%

IPO UPDATE: LEMON TREE HOTELS LTD

IPO Note: Lemon Tree Hotels Ltd.

Choice India

Leading mid-priced hotel chain with a differentiated business model Strategically positioned in key geographical areas Present across the value chain Focus on brand excellence, providing a value-for money proposition...

Lemon Tree Hotels Ltd. has an average target of 168.50 from 7 brokers.

Lemon Tree Hotels Ltd.

23 Mar 2018

145.11

2.11%

IPO Note - Lemon Tree Hotels Limited

IPO Note: Lemon Tree Hotels Ltd.

HDFC Securities

IPO Note - Lemon Tree Hotels Limited Issue Open: Mar 26 - Mar 28, 2018, Price Band: Rs 54 - 56, Issue Size: 185,479,400 Equity Shares, (Entirely Offer for sale )

Lemon Tree Hotels Ltd. is trading below its 30 day SMA of 148.6

Lemon Tree Hotels Ltd.

23 Mar 2018

145.11

2.11%

Lemontree Hotels Ltd IPO Note Avoid 23rd March 201

IPO Avoid: Lemon Tree Hotels Ltd.

BP Wealth

Lemon Tree Hotels is largest mid scale hotel chain by owned rooms in India. It is managed by Mr. Patanjali G. Keswani, who is chairman and managing director of the company and has 30 years of experience in hotel and hospitality industry. The business operations are spread across value chain from owing, leasing, developing, managing and marketing of hotels. It operates in mid priced hotel sector consisting of upper-midscale, midscale and economy hotel segments to carter large middle class population of India. As on 31st January 2018, Hotel portfolio comprises of 19 owned hotels, three owned hotels located on leased or licensed land, five leased hotels and 18 managed hotels, while 28...

Lemon Tree Hotels Ltd. has an average target of 168.50 from 7 brokers.

Is Lemon Tree Hotels Ltd. worth buying?

570 Votes:

Buy 78.6%

Sell 12.28%

Hold 9.12%

RESEARCH REPORTS

Buy SEE REPORTS >

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Buy SEE REPORTS >

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