Juniper Hotels Limited is a premier luxury hotel development and ownership company, operating under the prestigious Hyatt brand. It stands as India's largest owner by number of keys of Hyatt-affiliated hotels, managing an impressive portfolio of 8 hotel assets with 2,115 keys as of Q2FY25. The company's strategic partnership combines the established track record of Saraf Hotels, a hotel developer with over 40 years of experience, with Hyatt, a premier international hospitality brand, signifying a unique commitment to excellence in the hospitality sector.
Originally incorporated as "Seajuli Finance Private Limited" on September 16, 1985, the company has undergone significant transformations. It was renamed "Juniper Hotels Private Limited" in 2003 and subsequently became "Juniper Hotels Limited" as a public company in August 2023.
The company operates across three distinct segments:
- Luxury Hotels: This includes iconic properties like the Grand Hyatt Mumbai Hotel and Residences and Andaz Delhi.
- Upper Upscale Properties: This segment comprises hotels such as Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow, and Hyatt Raipur.
- Upscale Category: This includes hotels like Hyatt Place Hampi.
These hotels and serviced apartments are strategically located across major Indian cities, including Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. The company's operational timeline spans over two decades, beginning with the Grand Hyatt Mumbai Hotel and Residences in 2004, followed by systematic expansion including Hyatt Place Hampi in 2012, Hyatt Raipur in 2014, Hyatt Regency Ahmedabad in 2015, Andaz Delhi in 2016, Hyatt Regency Lucknow in 2017, and Hyatt Delhi Residences in 2018.
Juniper Hotels Limited commands a market capitalization of ₹6,555 crores as of recent data. For Q4 FY25, the company achieved record revenues of ₹976 crores with an EBITDA of ₹368 crores, while also acquiring 335 new keys during the quarter. The company demonstrated strong growth momentum, with net profit rising 17.54% to ₹54.95 crores in Q4 FY25 compared to ₹46.75 crores in Q4 FY24. Sales increased by 13.16% to ₹277.56 crores. For the full financial year FY25, net profit surged by an impressive 199.54% to ₹71.29 crores, a significant increase from ₹23.80 crores in FY24.
- Q4 FY25 Performance: Revenue ₹976 crores, EBITDA ₹368 crores, Net Profit ₹54.95 crores
- Q4 FY24 Performance: Net Profit ₹46.75 crores
- FY25 Performance: Net Profit ₹71.29 crores
- FY24 Performance: Net Profit ₹23.80 crores
- Market Capitalization: ₹6,555 Crore (as of recent data)
- Promoter Holding: 77.53% (as of March 2025)
- Stock P/E: 92.0
- Book Value: ₹123
- ROCE: 6.39%
- ROE: 2.65%
- Face Value: ₹10
- 52-week high: ₹493.15
- 52-week low: ₹224.50
The company has outlined ambitious expansion plans, with 2,000 new keys planned for future development. Notable achievements include the Grand Hyatt Mumbai Hotel and Residences being the largest hotel in India. Furthermore, Hyatt Regency Lucknow and Hyatt Regency Ahmedabad hold the distinction of being the largest upper upscale hotels in their respective markets.
Promoter holding stands at 77.53% as of March 2025, which has remained unchanged since June 2024, indicating a stable ownership structure and strong management confidence in the company's future prospects.
Juniper Hotels Limited made its public debut through an Initial Public Offering (IPO) that opened on February 21, 2024, and closed on February 23, 2024. The shares were subsequently listed on the BSE and NSE on February 28, 2024. The IPO was priced at ₹360 per share, successfully raising ₹1,800 crores through the issuance of 5 crore equity shares.
Juniper Hotels Limited has demonstrated strong profit growth, with a Compound Annual Growth Rate (CAGR) of 22.9% over the last 5 years, reflecting consistent operational improvements. However, despite reporting repeated profits, the company currently does not pay dividends. Its return on equity (ROE) has been relatively low at 1.43% over the last 3 years.
Juniper Hotels Limited represents a compelling investment opportunity in India's burgeoning hospitality sector. This is supported by its strong brand association with Hyatt, strategically located premium properties, and an aggressive expansion roadmap. The company's consistent revenue growth, premium market positioning, and significant market share in luxury hospitality make it an attractive proposition for investors seeking exposure to India's dynamic tourism and hospitality industry.
