EIH (Oberoi Hotels) Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹20,518 Cr
- Book Value
- ₹84.1
- Stock P/E
- 28.7
- Dividend Yield
- 0.46%
- ROE
- 14.5%
- ROCE
- 20.7%
- PEG Ratio
- 0.91
- EV/EBITDA
- 15.9
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
EIH share price today
EIH (NSE: EIH) owns what cannot be rebuilt: the Oberoi brand and its addresses — the Udaipur lake palace, the Delhi and Mumbai flagships, Trident’s business-city network. Luxury hotel supply in India’s prime locations is essentially fixed (land doesn’t exist; approvals take decades), while luxury demand — weddings, inbound tourism, corporate — compounds. In an upcycle, that scarcity prices violently: 34.8% operating margins, 42.9% five-year sales CAGR off the COVID base, and a net-cash balance sheet rare in the hotel industry.
At 28.7× with a PEG of 0.91, our universe tags it accumulate — the phrase in our notes: at a formula-passing price. The flag beside it is equally blunt: RevPAR cycles peak.
Scarcity assets in an upcycle
Hotel earnings = rooms × occupancy × rate, and India’s luxury segment is running all three upward with supply growth structurally throttled at the top end. EIH’s balance-sheet conservatism (net cash where peers carry leverage) means the cycle’s profits compound rather than service debt, and the pipeline (new Oberois domestic and international) adds rooms at the brand’s pace, not the market’s. The cyclical truth: RevPAR peaks eventually, and hotel multiples de-rate before the peak is visible in numbers.
Watch-items: RevPAR trajectory against new luxury supply, wedding/inbound demand indicators, pipeline execution pace, and the promoter structure (Oberoi family + ITC’s long-held stake).
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹20,518 Cr |
| P/E (TTM) | 28.7 |
| EV/EBITDA | 15.9 |
| Operating margin | 34.8% |
| ROE / ROCE | 14.5% / 20.7% |
| Debt to equity | 0.05 (net cash) |
| Sales CAGR (5y) | 42.9% |
| Profit CAGR (5y) | 31.7% |
| Promoter holding | 32.9% |
| EPS (TTM) | ₹11.40 |
EIH share price target 2026 to 2030
EPS base ₹11.40 (TTM). Cycle-aware scenarios. Bear: RevPAR peaks and de-rates the sector — 5% growth, multiple at 18×. Base: the upcycle extends on scarce supply — 12% growth at 25×. Bull: luxury demand structurally re-rates — 17% growth at 32×.
| Year | Bear (18×, +5%) | Base (25×, +12%) | Bull (32×, +17%) |
|---|---|---|---|
| 2026 | ₹215 | ₹319 | ₹427 |
| 2027 | ₹226 | ₹358 | ₹499 |
| 2028 | ₹238 | ₹400 | ₹584 |
| 2029 | ₹249 | ₹448 | ₹684 |
| 2030 | ₹262 | ₹502 | ₹800 |
From ₹327, the base case is ≈ +54% over four and a half years; the bear is −20%. Hotel cycles punish late entries — which is why the accumulate range below sits tight to the current price and the position belongs on a leash: this is a cycle ride with a quality seatbelt.
Reasons to own EIH (at the right price)
- Irreplaceable addresses — luxury supply in prime locations is fixed by geography.
- Net cash in a leveraged industry: the cycle compounds for shareholders, not lenders.
- 35% operating margins at current RevPAR show the scarcity pricing through.
- The Oberoi brand commands global luxury rates with Indian cost bases.
- PEG 0.91 — the upcycle isn’t fully priced, unusually for this sector.
The risks: RevPAR cycles end before the headlines say so, luxury demand is discretionary in downturns, and a 33% promoter holding with ITC’s stake adds perennial corporate-event speculation.
Should you buy at the current price?
The live buy range below is for members — cycle exposure at a disciplined entry.
FAQ
What is the EIH share price target for 2030? Base case ≈ ₹502 (25× on 12% compounded growth), bear ≈ ₹262, bull ≈ ₹800. Arithmetic above.
Why is EIH’s balance sheet unusual for hotels? Hotels normally leverage land-heavy expansion; EIH runs net cash, so cyclical profits accrue cleanly to equity and downturns threaten nothing structural.
What ends hotel upcycles? New supply catching demand — but India’s luxury pipeline is thin and slow, which is the core of the multi-year case. Watch RevPAR growth rates, not levels.
When are EIH’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.