Oravel Stays Limited (OYO Rooms) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Oravel Stays Limited

Oravel Stays Limited Consolidated Balance Sheet (Rs. In Millions)

Particular	31-03-2025	31-03-2024
Non- Current assets	702.50	522.95
Property, Plant and Equipment	312.16	11.09
Capital work-in-progress	26,252.38	1,794.58
Goodwill	56,246.94	27,704.83
Other intangible assets	49,273.74	14,376.31
Intangible assets under development	1.09	1.37
Investment in joint ventures	2,498.84	2,958.13
Investments	17.89	14.09
Other financial assets	1,539.52	746.61
Non-current tax assets (net)	1,084.70	1,030.36
Other non-current assets	1,126.65	714.19
Deferred tax assets (net)	6,633.85	342.57
Current assets
Inventories	2,808.14	1,581.17
Trade receivables	4,877.84	2,029.54
Cash and cash equivalents	6,843.96	4,058.47
Bank balances other than above	285.67	3,039.60
Other financial assets	2,589.94	1,516.38
Other current assets	3,857.41	1,992.49
Total Assets	166,953.22	64,434.73
Equity
Equity Share Capital	6,787.35	1,349.87
Other Equity	40,894.30	17,258.27
Non-controlling interests	( 9,815.43)	(9,600.82)
Non-current liabilities
Borrowings	69,887.84	35,567.90
Lease liabilities	21,290.94	1,625.58
Other financial liabilities	1,548.06	143.47
Provisions	113.65	106.56
Deferred tax liabilities	9,316.42	2,767.68
Other non-current liabilities	1,060.00	34.65
Current liabilities
Borrowings	1,552.67	461.82
Lease liabilities	5,715.84	785.97
Total outstanding dues of micro enterprises and small enterprises	65.33	22.61
Total outstanding dues other than above	12,336.68	9,610.23
Other financial liabilities	3,246.88	1,349.79
Provision	69.90	67.01
Current tax liabilities (net)	423.88	311.29
Other current liabilities	2,458.91	2,572.85
Total equity and liabilities	166,953.22	64,434.73

Oravel Stays Limited Consolidated Profit & Loss (Rs. In Millions)

Particulars	31-03-2025	31-03-2024
Revenue from operations	62,528.30	53,887.89
Other Income	730.58	1,527.96
Total income	63,258.88	55,415.85
Expenses
Operating expenses	31,295.47	28,854.41
Employee benefit expense	6,160.87	7,443.82
Finance cost	9,591.55	8,438.18
Depreciation and amortization expense	4,835.87	2,003.46
Other expenses	14,711.66	10,517.95
Total expenses	66,595.42	57,257.82
Profit/(loss) before share of profit in joint ventures, exceptional items and tax	(3,336.54)	(1,841.97)
Share of profit after tax in joint ventures (net)	113.52	101.40
Profit/(loss) before exceptional items and tax	(3,223.02)	(1,740.57)
Exceptional items	1,670.15	(4,098.77)
Profit/(loss) Before Tax	(4,893.17)	2,358.20
Current tax	334.19	575.00
Deferred tax	(7,675.58)	(512.59)
Income tax (income)/expense	(7,341.39)	62.41
Profit/(loss) for the year	2,448.22	2,295.79
Other comprehensive income/ (loss) not to be reclassified to profit or loss in subsequent periods
Net (loss)/ gain on equity instruments through Other Comprehensive Income	-	(174.12)
Re-measurement gain on defined benefit plans	1.41	(19.95)
Net other comprehensive income/ (loss) not to be reclassified to profit or loss in subsequent periods	1.41	(194.07)
Other comprehensive income/(loss) to be reclassified to profit or loss in subsequent periods
Exchange differences on translation of financial statements of foreign operations (net)	801.61	523.39
Exchange difference on net investment in foreign operation (net)	(533.56)	(1,213.30)
Net other comprehensive income/ (loss) to be reclassified to profit or loss in subsequent periods	268.05	(689.91)
Total other comprehensive income/(loss), net of tax	269.46	(883.98)
Total comprehensive income/(loss) for the year, net of tax	2,717.68	1,411.81
Earnings per equity share
Basic	0.38	0.36
Diluted	0.38	0.33

Oravel Stays Limited Consolidated Cash Flow Statement (Rs. In Millions)

Particular	31-03-2025	31-03-2024
Cash Flow From Operating Activities
Profit/(loss) for the year	(4,893.17)	2,358.20
Adjustments for:
Depreciation and amortisation expense	4,835.87	2,003.46
(Profit)/ loss on sale of property, plant and equipment (net)	(12.74)	(18.76)
Gain on lease modifications/termination of lease contracts (net)	(19.76)	-
Allowance/(reversal) for expected credit loss	771.14	184.61
Fair value loss/ (gain) on financial instruments at fair value through profit or loss	(29.85)	(10.02)
Interest income on security deposits	(55.19)	(7.69)
Profit on sale of current investments	(196.71)	(50.04)
Interest income	(242.01)	(727.24)
Employee stock option compensation	323.11	1,276.50
Interest expense	9,405.84	8,364.97
Share of profit in joint venture	(113.52)	(101.40)
Provision/liabilities no longer required written back	(35.49)	(181.85)
Interest on lease receivable	(6.00)	(18.37)
Exchange difference (net)	(104.17)	(389.92)
Exception items	1,109.51	(4,533.07)
Movements in working capital :
Increase/(decrease) in trade payables	(2,820.94)	55.52
Decrease in other non-financial liabilities	(465.64)	(457.16)
(Decrease)/increase in provisions	9.27	(17.97)
(Decrease)/increase in other financial liabilities	134.61	(434.16)
Decrease in other financial assets	(969.37)	105.99
(Increase)/decrease in other non-financial assets	(1,573.98)	(474.75)
Decrease in inventories
(Increase)/decrease in trade receivables	(1,561.11)	(748.94)
Cash flows from/ (used in) operations	3,489.70	6,177.91
Taxes Paid (net of refund)	(277.19)	(195.66)
Net Cash generating from Operating Activities	3,212.51	5,982.25
Cash Flow From Investing Activities
Purchase of PPE (including intangibles, capital advance, and CWIP) (net)	(1,533.69)	(360.25)
Proceeds from sales of PPE	23.52	21.50
Purchase of investments	(43,412.97)	(5,775.41)
Proceed from sale of investments	42,417.40	5,697.25
Acquisition of subsidiaries, net of cash acquired	(41,546.50)	(210.66)
Interest received	243.60	840.90
Dividend received from joint venture	621.70	148.39
Redemption/(investment) in fixed deposit (having maturity more than 3 and 12 months)	2,798.06	14,039.49
Foreign exchange movement in investing activities (net)	(1,732.55)	(152.19)
Net cash flows from/(used in) investing activities (B)	(42,121.43)	14,249.02
Financing Activities
Proceeds from issuance of equity share capital	5,193.34	1.96
Proceeds from issuance of preference share capital (net of share issue expense of INR 93.68 million (31 March 2024: Nil)	14,561.00	-
Interest on borrowings	(7,570.43)	(6,732.59)
Proceeds from long term borrowings	68,483.05	-
Proceeds from short term borrowings	1,090.85	-
Repayment of long term borrowings	(37,901.77)	(16,608.61)
Payment of principal portion of lease liabilities	(3,205.16)	(748.16)
Interest on lease liabilities	(1,288.95)	(207.45)
Proceeds from sale of investment in subsidiary	1,088.51	-
Foreign exchange movement in financing activities (net)	1,148.00	162.98
Net cash flows from/(used in) financing activities	41,598.45	(24,131.87)
Net (Decrease) in Cash and Cash Equivalents	2,689.53	(3,900.60)
Opening balance of cash and cash equivalents	4,082.19	7,964.88
Effect of exchange rate on cash and cash equivalents	85.49	17.91
Closing balance of cash and cash equivalents	6,857.21	4,082.19

Summary of the Cash Flow Statement for the years 2025 and 2024

Operating Activities

In FY 2025, the company reported a loss of 4,893.17 million compared to a profit of 2,358.20 million in FY 2024. Despite the loss, operating cash flow improved through non-cash adjustments such as depreciation of 4,835.87 million (up from 2,003.46 million) and high interest expenses of 9,405.84 million. Provisions for expected credit loss also rose to 771.14 million. On the other hand, income from sale of investments (196.71 million) and interest income (242.01 million) reduced inflows. Working capital movements were negative, with trade payables falling by 2,820.94 million and trade receivables increasing by 1,561.11 million. As a result, cash generated from operations was 3,489.70 million in FY 2025, lower than 6,177.91 million in FY 2024. After tax payments, net operating cash inflow stood at 3,212.51 million, compared to 5,982.25 million a year earlier.

Investing Activities

The company had heavy cash outflows in FY 2025. Purchases of investments stood at 43,412.97 million, while proceeds from sale of investments were 42,417.40 million. A major outflow came from acquisition of subsidiaries worth 41,546.50 million. Other movements included purchase of property, plant, and equipment worth 1,533.69 million, redemption of fixed deposits of 2,798.06 million, and dividend income from a joint venture of 621.70 million. Foreign exchange movements also reduced cash by 1,732.55 million. Overall, net investing cash flow was an outflow of 42,121.43 million in FY 2025, compared to an inflow of 14,249.02 million in FY 2024.

Financing Activities

In FY 2025, the company raised strong financing support. It issued equity shares worth 5,193.34 million and preference shares of 14,561.00 million. The largest inflow came from long-term borrowings of 68,483.05 million and short-term borrowings of 1,090.85 million. At the same time, repayments of long-term borrowings stood at 37,901.77 million. Lease repayments (3,205.16 million) and interest payments (7,570.43 million) also reduced inflows. Despite these, net financing cash inflow was 41,598.45 million in FY 2025, a strong reversal from an outflow of 24,131.87 million in FY 2024.

Net Cash Position

Combining all activities, the company achieved a net increase of 2,689.53 million in FY 2025, compared to a net decrease of 3,900.60 million in FY 2024. The year ended with a closing cash balance of 6,857.21 million, up from 4,082.19 million last year.

Oravel Stays Limited Consolidated Financial Ratios

Particular	31-03-2025	31-03-2024
Current Ratio (in times)	6.78	13.64
Return on Equity Ratio (in %)	2.74%	(0.45)%
Trade receivable Turnover Ratio (in times)	0.16	0.25
Trade Payable Turnover Ratio (in times)	2.56	4.89
Net Capital Turnover Ratio (in times)	0.03	0.03
Net Profit Ratio (in %)	2794.19%	(334.07)%
Return on Capital Employed Ratio (in %)	1.46%	(0.45)%
Return on Investment (in %)	12.86%	5.95%

Summary of the financial ratio for the years 2025 and 2024

Current Ratio:
The current ratio fell from 13.64 in 2024 to 6.78 in 2025. Even though it dropped, the ratio is still very high compared to the standard benchmark of 1–2. This means the company has far more current assets than current liabilities, showing a very strong liquidity position. However, too high a ratio could also indicate underutilized assets.

Return on Equity:
ROE improved sharply from a negative -0.45% in 2024 to a positive 2.74% in 2025. This means the company is now generating profits for its shareholders, after recording a loss the previous year. Although the return is still modest, it reflects a clear turnaround in performance.

Trade Receivable Turnover Ratio:
The receivable turnover declined from 0.25 times in 2024 to 0.16 times in 2025. This indicates that the company is collecting payments from its customers more slowly, which may affect cash flow and working capital efficiency.

Trade Payable Turnover Ratio:
The ratio dropped from 4.89 times in 2024 to 2.56 times in 2025. This suggests the company is taking more time to pay its suppliers compared to last year, which could be a deliberate move to manage cash better, but may strain supplier relationships.

Net Capital Turnover Ratio:
The net capital turnover ratio remained constant at 0.03 in both years, showing no improvement in how efficiently the company is using its working capital to generate sales. This indicates very low efficiency in utilizing capital for revenue growth.

Net Profit Ratio:
The net profit ratio shows a massive turnaround — from a negative -334.07% in 2024 to an extraordinary 2,794.19% in 2025. This dramatic shift suggests the company has moved from deep losses to extremely high profitability, possibly due to one-time gains or significant improvements in operations.

Return on Capital Employed:
ROCE improved from -0.45% in 2024 to 1.46% in 2025. This indicates that the company is now generating positive returns from its overall capital, though the percentage remains modest, suggesting scope for further efficiency.

Return on Investment:
The ROI increased from 5.95% in 2024 to 12.86% in 2025. This shows that the company’s investments are delivering much higher returns compared to last year, reflecting improved financial performance and better investment decisions.