Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Investing.com - JPMorgan has initiated coverage on Schloss Bangalore Ltd (THELEELA:IN) with an Overweight rating and a price target of INR510.00, highlighting the luxury hotel operator’s strong growth potential.
The investment bank notes that SBL, which operates "The Leela" brand, consistently delivers industry-leading hospitality margins and RevPARs (Revenue Per Available Room), positioning it as a pure play on the Indian luxury sector with clear product and brand positioning.
JPMorgan expects SBL to maintain a 40% Average Room Rate premium to the luxury industry over FY26-28, achieve 70%+ occupancy for its owned portfolio by FY27, and deliver 10% like-for-like RevPAR CAGR over FY25-28.
The firm projects SBL will reach 46%+ operating EBITDA margin by FY26/27 and deliver mid to high-teens revenue growth with stable margins going forward.
JPMorgan considers the stock’s valuation inexpensive at 19x FY27E EV/EBITDA, noting it currently trades 2% below its IPO price compared to the NIFTY index which is up 3%, suggesting a favorable risk-reward profile as growth materializes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.