Oravel Stays Limited
Fundamentals
| ORAVEL STAYS LIMITED (Oyo) Unlisted Shares Price | ₹ 26.5018 Per Equity Share | Market Cap (in cr.) | ₹ 37137 |
| Lot Size | 1000 Shares | P/E Ratio | 155.89 |
| 52 Week High | ₹ 56 | P/B Ratio | 9.82 |
| 52 Week Low | ₹ 26.5018 | Debt to Equit | 1.89 |
| Depository | NSDL & CDSL | ROE (%) | 6.47 |
| PAN Number | AABCO6063D | Book Value | 2.7 |
| ISIN Number | INE561T01021 | Face Value | 1 |
| CIN | U63090GJ2012PLC107088 | Total Shares | 140131105220 |
| RTA | Link Intime |
Shareholding Pattern
Oravel Stays Limited (OYO)
Founded by Ritesh Agarwal, Oravel Stays is the parent company of the global hospitality brand OYO. In 2025, it rebranded as PRISM to represent its growth into a diversified holding company managing international assets like Motel 6 and Studio 6. Operating across 35+ countries, the group leverages a proprietary tech platform to standardize budget and midscale accommodations.
As a private entity, PRISM oversees corporate strategy, fundraising, and governance for its vast ecosystem of hotels and vacation rentals. The transition to the PRISM brand signals a shift from a single-brand startup to a multi-brand global hospitality leader. Currently, the company focuses on improving profitability as it prepares for a potential IPO of the OYO business.
Company Business Model
Oravel Stays Limited operates an asset-light hospitality platform model, aggregating and franchising hotels, homes, and alternative accommodations under the OYO brand.
Hotel Aggregation & Franchising
Partners with property owners to standardize rooms under the OYO brand in return for revenue share / franchise fees.
Technology Platform
Uses pricing algorithms, demand forecasting, and booking technology to optimize occupancy and room yields.
Online Distribution
Generates bookings through its app, website, and OTA partnerships, earning commissions and platform fees.
Ancillary Services
Monetizes value-added services such as branding, marketing, operations support, and financing assistance to hotel partners.
Competitors
Oravel Stays (OYO) competes in the asset-light hospitality, hotel aggregation, and online accommodation space with the following players:
Treebo Hotels
Budget hotel chain using a franchise and managed-hotel model.
FabHotels
Aggregates and operates budget hotels focused on metro cities.
MakeMyTrip
OTA offering hotels, homestays, and alternative accommodations.
Goibibo
Strong hotel booking platform competing for the same inventory.
SWOT Analysis
Strengths
- Largest Budget Hospitality Platform in India : One of the biggest hotel aggregation networks with massive room supply and geographic reach.
Asset-Light Business Model : Focuses on franchising and aggregation rather than owning real estate, enabling rapid scale.
Strong Brand Recall : OYO is a well-known brand among value-conscious travelers and hotel owners.
Technology-Led Operations : Uses pricing algorithms, demand forecasting, and centralized booking to improve occupancies.
Global Presence : Operations across multiple countries provide long-term optionality beyond India.
Weaknesses
- Profitability Concerns : History of losses and high fixed costs impacts near-term investor confidence.
Partner Dependency Risk : Heavy reliance on hotel owners leads to churn and operational disputes.
Quality Control Issues : Inconsistent guest experience affects brand trust and repeat usage.
OTA Dependence : Reliance on third-party booking platforms pressures margins
Opportunities
- Rising Domestic Travel : Growth in budget and mid-scale travel directly supports demand.
Shift to Franchise-First Model : Reduced lease exposure improves cash flows and margin stability.
Ancillary Revenue Streams : Monetization via branding, SaaS tools, credit, and services to hotel partners.
IPO Optionality : Listing can unlock valuation re-rating if profitability stabilizes.
Threats
- Intense Competition : Strong competition from Treebo, FabHotels, OTAs, and alternative accommodation platforms.
Hospitality Cyclicality : Travel demand sensitive to economic slowdowns and external shocks.
Regulatory & Compliance Risk : Local regulations, taxation, and compliance vary across geographies.
Reputation Risk : Service quality issues can quickly impact brand equity.