Leela Palaces Stock Flat Post-IPO as Analysts Flag Rich Valuation and Pledge Overhang
Schloss Bangalore, operator of The Leela luxury hotels, trades at ₹477 versus its ₹435 IPO price a year on. Strong FY26 metrics—₹1,527 crore revenue, ~49% EBITDA margin, ₹400 crore+ PAT and lower net debt of ₹1,810 crore—support the story, but 21x EV/EBITDA, asset-heavy expansion and a 55.91% promoter share pledge prompt a 'hold' call.
Analysis of Leela Palaces (Schloss Bangalore) about a year post-IPO: improved balance sheet, strong FY26 profit and RevPAR growth, but a 'hold' call given rich 21x EV/EBITDA valuation, asset-heavy expansion, and a large promoter share pledge overhang.