Espire Hospitality Limited Expands With "Zana By The Ganges, Rishikesh," Enhancing Its Luxury Offerings

With a PE ratio of 126, the company trades at a premium compared to the industry PE of 34.4. The company has ROCE of 10.4 per cent and ROE of 126.11 per cent.

Espire Hospitality Limited has announced the opening of its latest luxury property, 'ZANA By The Ganges, Rishikesh', marking a significant step in its expansion strategy. This new hotel is located near the iconic Lakshman Jhula and offers breathtaking views of the Ganges and surrounding hills. The property features elegantly designed rooms, including exclusive 'Celebrity Suites' with panoramic river views and private Jacuzzis. Guests can enjoy a variety of experiences, from dining at the rooftop restaurant 'Marshmallow' to engaging in activities like yoga, river rafting, and trekking. The Veda Ballroom, spanning 3,500 sq. ft., is an ideal venue for events, accommodating up to 180 guests.

Mr. Akhil Arora, CEO & Managing Director of Espire Hospitality Group, expressed his excitement, stating, 'Rishikesh is a destination that offers both tranquillity and adventure, attracting travellers from around the world. With 'ZANA By The Ganges', we are bringing a new level of luxury to this sacred city, to elevate stays with refined comfort and distinctive hospitality ‘ZANA Way'.'

Espire Hospitality Limited, established in 1991, operates within the hospitality sector, managing a diverse array of luxury and mid-market hotels and resorts. The company oversees 17 hotels across 14 destinations, offering over 1,075 keys. Its brand portfolio includes the ultra-luxury Six Senses Fort Barwara, the upscale ZANA Luxury Resorts, and the midscale Country Inn Hotels and Resorts. For FY24, the revenue distribution was 71 per cent from room rent, 23.5 per cent from food and beverages, and 5.5 per cent from other income.

In Q2FY25, the company reported an ADR of Rs 11,543, a RevPAR of Rs 5,078, and an occupancy rate of 44 per cent. Espire Hospitality is planning to expand with confirmed openings in several cities, adding 500 keys, and is in advanced negotiations for over 20 properties, potentially adding 1,000+ keys. The company is also considering new locations and has strategic initiatives, including a merger with an associate company, to enhance its growth trajectory.

As of April 04, 2025, the stock price of Espire Hospitality Limited is Rs 417. The 52-Week High is Rs 501.35, and the 52-Week Low is Rs 87.71. Espire Hospitality Limited has a market capitalization of Rs 648 crore. The stock has delivered a 1-year return of 165.94 per cent. The Price-Earnings (PE) Ratio stands at 145.29. Major public shareholders include Rajesh Kumar Gupta with 7.28 per cent, High Scale Properties Private Limited with 3.31 per cent, Lokjeet Investments & Finance P Ltd with 1.95 per cent, Austere General Trades Pvt Ltd with 1.68 per cent, and Sagadh Engineering P Ltd with 1.68 per cent.

In the Quarterly Results of December 2024, the company reported a revenue of Rs 41.19 crore, reflecting a YoY growth of 259.42 per cent compared to Rs 11.46 crore in December 2023. The operating profit stood at Rs 8.38 crore, marking a 299.05 per cent increase from Rs 2.10 crore in the same quarter last year. The profit after tax (PAT) grew by 213.48 per cent to Rs 2.79 crore from Rs 0.89 crore in December 2023.

In FY24, the company posted a revenue of Rs 35.76 crore, registering a 91.74 per cent growth compared to Rs 18.65 crore in FY23. The net profit for the year stood at Rs 2.56 crore, up 814.29 per cent from Rs 0.28 crore in the previous financial year.

With a PE ratio of 126, the company trades at a premium compared to the industry PE of 34.4. The company has ROCE of 10.4 per cent and ROE of 126.11 per cent.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.