--- title: "SAMHI Hotels 股价上涨 8%，市场预计其增长前景可能带来高达 55% 的上涨空间" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/281739093.md" description: "SAMHI Hotels 的股票上涨了 8.2%，达到₹147.95，受到 Choice Institutional Equities 和 Antique Stock Broking 等券商的看好评级。Choice 首次覆盖，给予 “买入” 评级，目标价为₹200，理由是强劲的增长前景。Antique 设定的目标价为₹230，表明有 55.45% 的上涨空间。尽管面临地缘政治冲突和市场波动的潜在风险，两家券商仍预计通过收购和品牌重塑实现显著的收入增长。SAMHI 的财务数据显示，杠杆率降低，自由现金流增加，支持其自我融资的增长战略" datetime: "2026-04-05T23:31:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281739093.md) - [en](https://longbridge.com/en/news/281739093.md) - [zh-HK](https://longbridge.com/zh-HK/news/281739093.md) --- # SAMHI Hotels 股价上涨 8%，市场预计其增长前景可能带来高达 55% 的上涨空间 Bullish calls from brokerages, including Choice Institutional Equities, and Antique Stock Broking, lifted investor sentiment for SAMHI Hotels on Monday, April 6, 2026, with the stock witnessing strong buying interest in an otherwise volatile market. Following the favourable outlook, SAMHI Hotels’ share price surged 8.2 per cent to hit an intraday high of ₹147.95 on the NSE. The stock pared some gains but continued to see robust demand. At 12:26 PM, it was trading at ₹146.28 apiece, up 7 per cent from its previous close of ₹136.73. In comparison, the benchmark Nifty50 was largely flat at 22,709, down just 4 points or 0.02 per cent. ### Choice initiates coverage with ‘Buy’ Among brokerages, Choice Institutional Equities initiated coverage on SAMHI Hotels with a ‘Buy’ rating, citing its acquisition-and-rebranding model, upper-upscale expansion strategy, and strong growth in ARR and revenues. The brokerage highlighted high-margin operations, a self-funded growth model, and scalable asset-light opportunities via RARE India. Choice has assigned a target price of ₹200, valuing the company at 9x FY28E EV/Adjusted Ebitda, implying an upside potential of 49.1 per cent. Karan Kamdar and Vinay Rawal, analysts at Choice, expect SAMHI to deliver revenue, Ebitda, and PAT CAGRs of 14.3 per cent, 18.2 per cent, and 22.1 per cent, respectively, over FY26E–FY29E. Growth is expected to be driven by acquisitions, rebranding initiatives, and ongoing premiumisation. “SAMHI’s stake in RARE India positions it to build a scalable asset-light experiential platform with ₹90–100 crore revenue potential,” the analysts wrote in a research report. According to Choice, the company is expected to operate 5,677 keys across key micro-markets near corporate hubs and airports by FY29E. Its acquisition-and-rebranding model, which accounts for 87 per cent of the portfolio, continues to drive growth by turning around underperforming assets under global brands, while the remaining 13 per cent provides stability. ARR and revenue are projected to grow at CAGRs of 7.7 per cent and 14.3 per cent, respectively, over FY26E–FY29E. “With planned expansions, rebranding, and conversions to upper-upscale inventory, we expect ARR CAGR of 7.7 per cent and revenue CAGR of 14.3 per cent over FY26E–FY29E, reaffirming SAMHI’s position as a high-efficiency consolidator in India’s premium hospitality market,” Choice said. Margins are also expected to improve, supported by a lean cost structure, low OTA exposure (16 per cent), and controlled commissions (around 4.2 per cent). A higher share of room revenue (around 60 per cent), improved F&B performance, and asset upgrades are likely to drive operating leverage and expand margins by 388 basis points by FY29E. Backed by a ₹750 crore infusion from GIC and ₹210 crore in asset monetisation, SAMHI has reduced leverage, with net debt/Ebitda at 2.9x, and lowered interest costs to around 8.3 per cent. Rising free cash flow—from ₹57.7 crore in FY25 to ₹240 crore by FY29E—along with 33 per cent lower capex per key, supports its self-funded growth strategy. Finance costs are expected to decline, while PAT is projected to grow at a CAGR of 22.1 per cent over FY26E–FY29E. However, Choice cautioned that risks include extended geopolitical conflicts, leverage exposure, interest rate volatility, execution risks in asset turnarounds, operator dependence, and land title uncertainties. ### Antique retains bullish view Antique Stock Broking has retained its bullish stance on SAMHI Hotels, naming it a top pick within its hospitality coverage universe. The brokerage noted that the sector is currently facing tepid demand and heightened uncertainty due to the Middle East conflict, which has impacted inbound travel and overall domestic travel sentiment. Despite near-term headwinds, it maintained that the medium-term outlook remains structurally positive. Antique has set a target price of ₹230 per share. The assigned target price implies a 55.45 per cent upside potential from the current market price. The brokerage expects the company’s revenue to grow 8 per cent year-on-year to ₹350 crore, driven by a 14 per cent rise in average daily rates (ADR) to ₹8,500. Occupancy is projected to dip 100 basis points year-on-year to 74 per cent, resulting in a 6 per cent increase in RevPAR to ₹6,300. The company’s Ebitda margin, Antique said, is likely to contract by 160 basis points year-on-year to 36.5 per cent, primarily due to the GST impact. Adjusted for this, margins are expected to remain broadly flat compared to 38.1 per cent in Q4FY25, the brokerage said. \============================== _**(Disclaimer: View and outlook shared belong to the respective brokerages/analysts and are not endorsed by Business Standard. Readers' discretion is advised.)**_ ### 相关股票 - [BEDZ.US](https://longbridge.com/zh-CN/quote/BEDZ.US.md) - [HST.US](https://longbridge.com/zh-CN/quote/HST.US.md) - [SOHO.US](https://longbridge.com/zh-CN/quote/SOHO.US.md) - [CHH.US](https://longbridge.com/zh-CN/quote/CHH.US.md) ## 相关资讯与研究 - [华住规模换增长，利润现隐忧](https://longbridge.com/zh-CN/news/286575166.md) - [BRIEF: Atour’s revenue jumps on momentum for retail, hotel management businesses](https://longbridge.com/zh-CN/news/286482013.md) - [雪佛龙有望实现七连涨，地缘政治与派息利好助推股价](https://longbridge.com/zh-CN/news/286956907.md) - [特朗普突然 “放手” 美联储：是真心让步，还是高通胀逼他收手？](https://longbridge.com/zh-CN/news/286982374.md) - [狄澜：低碳转型更复杂 淡马锡恐难达 2030 年目标 | 联合早报网](https://longbridge.com/zh-CN/news/286790065.md)