Hotels Historical case study · data as of 28 Jul 2026 · published 31 Oct 2026 (95 days later)

EIH — 100-point case study

How EIH looked on 50 technical and 50 fundamental measures on 28 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: EIHOTEL
Close on 28 Jul 2026	₹325.50
Market cap then	₹20,377 crore
Valuation	P/E 31.0× · P/B 3.87×
Momentum	RSI (14) 48 · 1-year return -13.5%
Next 3 months	-9.5% vs Nifty 50 -4.4% (to 29 Oct 2026)

Scorecard

Technical — 50 points

12 bullish · 24 neutral · 1 caution · 12 bearish — the picture was mixed.

Fundamental — 50 points

9 bullish · 34 neutral · 3 caution · 3 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Technical analysis — 50 points

Calculated by code from daily prices up to 28 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope +0.02%/day	Neutral	Over the last 20 sessions the regression line of closing prices was rising about 0.02% a day — a flat, sideways phase. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return -1.0%	Bullish	The 100-session trend line was up (+0.05%/day) and the stock was -1.0% over three months, so the medium-term picture was bullish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return -13.5%	Bearish	Compared with a year earlier the price was -13.5%. A weak year for the stock. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 318.17 / 30W 320.11	Neutral	On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 352.75→342.00; lows 283.70→320.25	Neutral	The two most recent swing points showed a lower high but a higher low — mixed structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	25.0	Bearish	ADX at 25.0 shows a trend of moderate strength. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 19.3 / –DI 20.5	Bearish	–DI was above +DI: sellers had the upper hand in directional movement. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	331.47 (-1.8%)	Bearish	Close of 325.50 was 1.8% below the 20-day SMA — the short-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	318.33 (+2.3%)	Bullish	Close of 325.50 was 2.3% above the 50-day SMA — the medium-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	339.87 (-4.2%)	Bearish	Close of 325.50 was 4.2% below the 200-day SMA — the long-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 329.77 / 21E 328.69	Bullish	The 9-day EMA was above the 21-day EMA; the last crossover happened on 19 Jun 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	no cross in data window	Bearish	The 50-day average was 6.3% below the 200-day. No 50/200 crossover occurred in the data window. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+0.5% in 20 sessions	Bullish	The 50-day average rose 0.5% over the past month — rising. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	331 / 318 / 317 / 340	Neutral	The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range. Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	332.32 (-2.1%)	Bearish	Anchored to the start of July, the volume-weighted average price was 332.32; the close was below it — buyers that month were on average under water. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	48.5	Neutral	RSI at 48.5 was in the neutral 45–55 zone. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD 2.51 / signal 4.30	Bearish	MACD was below its signal line — momentum turning or staying negative. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-0.33 → -1.79	Bearish	The histogram fell over the last five sessions, meaning momentum was weakening. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	2.51	Bullish	MACD above zero means the 12-day EMA was above the 26-day EMA — a positive momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 29.4 / %D 24.7	Bullish	Slow stochastic at 29.4 was mid-range with %K above %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-76.2	Neutral	%R of -76.2 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	-74	Neutral	CCI at -74 was within the normal ±100 band. Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	-3.4%	Bearish	Price changed -3.4% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.25 (bands 319.58–343.37)	Neutral	%B of 0.25 — inside the bands, lower half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 7.2% (3rd pct of 6M)	Caution	Band width was at the 3rd percentile of the last six months. A squeeze like this often precedes a larger move (direction unknown). How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹9.36 (2.9% of price)	Neutral	A typical day's range was about ₹9.36, or 2.9% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	26.6% vs 1Y 32.3%	Neutral	Annualised 30-day volatility was 26.6%, close to the one-year level of 32.3%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	310.50–347.33	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.09	Neutral	A beta of 1.09 means the stock tended to move roughly in line with the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.30× / 5-day 0.45×	Neutral	The final session traded 0.30× its 20-day average volume and the last five sessions averaged 0.45× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 2.31	Bullish	Average volume on up days was 2.31× that on down days — accumulation-leaning. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV rising	Bullish	OBV rose over the month while price rose — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	falling (20d)	Bearish	The A/D line fell, meaning closes tended to be in the lower part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	-0.06	Bearish	CMF at -0.06 indicated net outflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	75.2	Bullish	MFI, a volume-weighted RSI, was 75.2. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹9 cr/day	Neutral	About ₹9 crore changed hands per day on average over 20 sessions — moderately liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	319.22 / 309.80 / 302.50	Neutral	Nearest support (prior swing lows) sat at 319.22, 2.0% below the close, then 309.80, 302.50. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	336.74 / 352.75 / 372.81	Neutral	Nearest resistance (prior swing highs) sat at 336.74, 3.5% above the close, then 352.75, 372.81. How to read: Information only.
40	Monthly pivot points (for next month)	P 331.75 \| R1 346.50 \| S1 310.75	Neutral	Classic pivots from July's high/low/close gave a pivot of 331.75; the close was below it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 296 \| 38.2% 311 \| 50.0% 323 \| 61.8% 335	Neutral	Measuring the 6-month fall from 374.65 to 271.15, the close was nearest the 50.0% retracement at 322.90. How to read: Information only.
42	52-week high / low	H 434.80 / L 271.15	Neutral	The close was 25.1% below the 52-week high and 20.0% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	1 open; latest gap-up 15 Jun at 296.50	Neutral	There was 1 unfilled gap(s). The latest, a gap-up on 15 Jun 2026, left an open level at 296.50 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	rising channel	Bullish	Rule-based pattern scan: rising channel — successive higher highs and lows. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 317.00–352.75	Neutral	The close was inside the prior 20-day range of 317.00–352.75. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Ordinary red candle	Neutral	On 28 Jul the candle opened 328.50, ranged 323.30–331.75 and closed 325.50: Ordinary red candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 306.11–311.93; Tenkan 329.50 / Kijun 334.88	Bullish	Price was above the cloud and the Tenkan line was below the Kijun line — a bullish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M +1.3% / 3M -0.5%	Neutral	The stock underperformed the Nifty 50 by 0.5 points over three months and outperformed by 1.3 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M +3.7%	Bullish	No sector index in today's data set, so we show the 6-month comparison instead: 3.7 points ahead of the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	12 bullish · 12 bearish · 24 neutral · 1 caution	Neutral	Across the 49 readings the technical picture was mixed. Levels that mattered: support 319.22, resistance 336.74. This is a description of the chart on 28 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 28 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Jun 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 28 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	31.0×	Neutral	At ₹325.50 the market valued the company at about ₹20,377 crore, or 31.0× the ₹658 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	3.87×	Neutral	Market cap was 3.87× the Mar 2026 book value (equity + reserves) of ₹5,262 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	6.93×	Neutral	The company was valued at 6.93× its trailing-12-month sales of ₹2,940 crore. How to read: Information only.
4	EV / EBITDA (approx.)	20.1×	Neutral	Enterprise value (market cap + ₹252 cr borrowings; cash not netted) was 20.1× trailing operating profit of ₹1,024 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	3.2%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹3.2 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	1.19	Neutral	P/E of 31.0 divided by 3-year profit growth of 25.9% a year gives a PEG of 1.19. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Note: revenue jumped more than 40% in Mar 2023, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	0.46%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹1.5 a share, a 0.46% yield on the ₹325.50 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹20,377 cr	Neutral	At about ₹0.20 lakh crore the company was a small-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹140.99 vs ₹325.50	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹140.99; the price was 131% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+7.2%	Neutral	Revenue for FY26 was ₹2,940 crore, +7.2% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+8.2%	Neutral	The Jan–Mar 2026 quarter brought ₹895 crore of revenue, +8.2% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	-14.7%	Bearish	FY26 net profit was ₹657 crore, -14.7% on FY25's ₹770 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	-5.0%	Bearish	Quarterly profit was ₹249 crore versus ₹262 crore a year earlier (-5.0%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	13.3%	Caution	Revenue compounded at 13.3% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2023, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	25.9%	Caution	Net profit compounded at 25.9% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2023, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	42.9%	Caution	Over five years (FY21–FY26) revenue compounded at 42.9% a year. Note: revenue jumped more than 40% in Mar 2023, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	-15.0%	Bearish	Reported EPS went from ₹11.82 to ₹10.05 (-15.0%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	35%	Neutral	Operating profit (EBITDA) was 35% of sales in FY26 versus 37% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	28% → 26% → 43% → 37%	Bullish	Quarterly margins moved from 28% to 37% over the last four quarters — expanding. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	22.3%	Neutral	₹22.3 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	13.3%	Neutral	FY26 profit was 13.3% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	21%	Bullish	Return on capital employed (debt + equity) was 21% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	10.03%	Neutral	Net profit was 10.03% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	31%	Neutral	The company paid about 31% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	10%	Neutral	Non-operating 'other income' of ₹91 crore made up 10% of pre-tax profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.05	Bullish	Borrowings of ₹252 crore were 0.05× equity — very low leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	0.25×	Bullish	Debt equalled 0.25 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	42.3×	Bullish	Earnings before interest and tax covered interest cost 42.3 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+14.1%	Bullish	Shareholders' equity grew +14.1% from ₹4,613 crore to ₹5,262 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹219 cr (6% of fixed assets)	Neutral	Projects under construction (CWIP) were 6% of fixed assets — a modest pipeline. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	-17 days	Neutral	Working capital tied up equalled -17 days of sales (FY25: -23). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	-295 days	Neutral	It took -295 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	32 (FY25 32)	Neutral	Customers took 32 days on average to pay, versus 32 a year earlier. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹993 cr	Bullish	The business generated ₹993 crore of operating cash in FY26 versus ₹825 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	n/a	Neutral	Free cash flow line not available on source page. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	1.51×	Bullish	Operating cash flow was 1.51× reported profit — profits were well backed by cash. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	n/a	Neutral	Not available. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	n/a	Neutral	Not available. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	n/a	Neutral	Not available. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	15%	Neutral	The company paid out about 15% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	12% / 13% / 15%	Bullish	Payout ratios for FY24 / FY25 / FY26 — dividends were paid every year. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+0.0%	Neutral	Paid-up equity capital changed +0.0% (₹125 cr → ₹125 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	32.85% (+0.00 pts YoY)	Neutral	Promoters owned 32.85% at Jun 2026 versus 32.85% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	6.65% (+0.73 pts YoY)	Neutral	FIIs held 6.65% at Jun 2026, up from 5.92% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	13.78% (+0.00 pts YoY)	Neutral	Mutual funds, insurers and other DIIs held 13.78%, down from 13.78%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	1.2 lakh (-5.2% YoY)	Neutral	The shareholder count moved from 1.3 lakh to 1.2 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	n/a	Neutral	No pledge figure for the snapshot date in our sources. Screener page had no mention of pledged shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	5/8	Neutral	Passed: positive profit, positive operating cash flow, CFO > net profit, leverage fell, no meaningful dilution (<3%). Failed: operating margin improved, ROA improved, asset turnover improved. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	2 strength(s) · 0 weakness(es)	Neutral	Strengths: Company is almost debt free; Company has delivered good profit growth of 31.7% CAGR over last 5 years. No weaknesses flagged. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	9 bullish · 3 bearish · 34 neutral · 3 caution	Bullish	On the numbers published by 28 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 31.0×, P/B 3.87×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 28 Apr 2026 – 28 Jul 2026 that an investor could have known on the snapshot date.

19 May 2026 EIH board to meet on 26 May 2026 to consider FY26 audited results and final dividend — EIH informed the exchanges that its board would meet on 26 May 2026 to approve audited results for the year ended 31 March 2026 and consider recommending a final dividend; the trading window for designated persons stayed closed until 29 May 2026. source
26 May 2026 EIH Q4 FY26: revenue up 8% YoY, net profit down 5% as margins narrow — Consolidated Q4 FY26 revenue from operations was Rs 895.22 crore (+8.19% YoY) and PAT Rs 249.10 crore (-4.77% YoY); EPS Rs 3.80. EBITDA margin was 39.5%, down about 610 bps YoY. FY26 consolidated sales were Rs 2,940 crore and net profit Rs 657 crore per Screener. source
26 May 2026 EIH recommends final dividend of Rs 1.5 per share; record date 31 July, AGM on 7 August — The board recommended a final dividend of 75% (Rs 1.5 per Rs 2 share) for FY2025-26, fixed 31 July 2026 as the record date and scheduled the 76th AGM for 7 August 2026, with payment on or before 31 August 2026. source
29 Jun 2026 EIH closes trading window ahead of Q1 FY27 results — EIH disclosed that its trading window for directors and designated persons would close from 1 July 2026 until 48 hours after the June-quarter results, and said the board meeting date would be announced separately. source

What happened next (28 Jul 2026 → 29 Oct 2026)

Price went from ₹325.50 to ₹294.70 by 29 Oct 2026 (-9.5%) while the Nifty 50 moved -4.4% — underperforming by 5.1 points.
Highest ₹337.90 on 29 Jul 2026; lowest ₹280.30 on 15 Sep 2026.
S1 319.22: broken on a closing basis on 07 Aug 2026.
S2 309.80: broken on a closing basis on 07 Aug 2026.
R1 336.74: not cleared on a closing basis.
R2 352.75: not cleared on a closing basis.
200-day SMA: price was below it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 06 Aug 2026): revenue ₹657 crore (+14.5% YoY), net profit ₹120 crore (+224.3% YoY), operating margin 25% vs 28% a year earlier (Screener consolidated figures).

Later news

06 Aug 2026 EIH board approves Q1 FY27 results; consolidated profit Rs 120.31 crore — At a board meeting held 4:00-6:40 pm on 6 August 2026, EIH approved June-quarter results: consolidated total income Rs 697.94 crore and profit Rs 120.31 crore (EPS Rs 1.87); standalone profit Rs 127.09 crore. The year-ago quarter included an exceptional charge of about Rs 110 crore. source
07 Aug 2026 EIH holds 76th Annual General Meeting — EIH filed the proceedings of its Annual General Meeting held on 7 August 2026, at which the FY26 final dividend of Rs 1.5 per share was put to shareholders. source
08 Aug 2026 EIH shares fall about 6% after Q1 FY27 results; six new hotel management contracts announced — Q1 FY27 revenue from operations was Rs 657 crore (+14.5% YoY, -26.6% QoQ) and EBITDA Rs 167 crore (margin 25.4%). The company signed management agreements for six hotels, including The Oberoi Kabini, Hampi, Coorg and Cairo and Trident Amritsar and Pavana. source
12 Aug 2026 EIH Q1 FY27 earnings webinar outlines pipeline of about 30 properties by 2031 — On the 12 August call, management reported RevPAR growth of 8.2% for Oberoi and 13.8% for Trident brands, said about 30 new owned and managed properties are expected by 2031 with The Oberoi London due in 2028, and noted delays to the Kolkata hotel renovation. source
16 Oct 2026 EIH files September 2026 shareholding pattern — EIH submitted its shareholding pattern for the quarter ended 30 September 2026. Per Screener, promoters held 32.85% (unchanged), FIIs 7.68% (up from 6.65%), DIIs 12.50% (down from 13.78%) and public 46.97%. source

Educational summary. On 28 Jul 2026 the technical picture was mixed and the fundamental picture leaned positive. Over the next three months the stock moved -9.5% against -4.4% for the Nifty 50. A mixed chart gave no clear message, and the outcome shows why mixed readings are hard to act on. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold EIH today.

Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 31 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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