UHM VacationShare price, financial results, shareholding and management
- Market cap
- ₹20 cr
- Stock P/E
- 3.2peers 14.7
- Book value
- ₹42.7
- Price to book
- 0.72
- EV / operating profit
- -
- Market cap to sales
- 0.42
- ROCE · FY26
- 30.2%
- ROE · FY26
- 25.5%
- ROE, 3-year average
- 46.2%
- Operating margin · FY26
- 15.9%peers 14.9%
- Sales growth, 3 years
- 33.5%
- Profit growth, 3 years
- 285.3%
- Debt to equity
- 0.00peers 0.20
- Borrowings
- ₹0.1 cr
- Interest cover
- 125.7×
- Cash from business / op. profit
- -22%
- Debtor days
- 151
- Pledged
- 0.00%
- Promoter holding
- 65.42%
- Change in promoter holding
- -
- Shareholders
- 1,126
- 52-week high / low
- ₹133 / ₹26
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
UHM Vacation share price chart
Close on 6 Nov 2026 · +2.14% on the day · Vol 11,200
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -3.6%
- 3 months
- -10.3%
- Traded a day, 20 days
- ₹0.03 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +21% | -13% |
| 3 years, a year | +34% | +285% |
About UHM Vacation: business, products and customers
UHM Vacation runs an online booking platform where travel agents book hotels, flights, transfers, tours and visas for their customers, with most bookings for trips to Dubai. Its shares trade on BSE SME.
UHM does not deal with travellers directly. Travel agencies, corporate travel desks and independent agents log in to its platform, compare hotels, flights, car hire, sightseeing and visa services sourced from many suppliers, and book them. Hotels and related services bring about seven tenths of revenue, and Dubai alone more than three quarters; a Dubai subsidiary, Arabian Wonder FZC LLC, in which UHM holds 99%, handles bookings in the Gulf.
The company obtains rooms and services at negotiated rates and adds a markup, so hotel and package bookings are counted at their full price as revenue while the margin is the markup. It has won large agents by giving them long credit, which ties up cash in money owed: operating cash flow was negative in FY26. Most of the profit comes from the Dubai subsidiary rather than the Indian company.
Read more about the business
The offer document compared it with three listed travel companies: LGT Business Connextions, Helloji Holidays and International Travel House. UHM listed in June 2026 and plans to spend the new money on its technology platform, a customer support office, its own vehicles for transfers, marketing and working capital, and to start purchasing airline seats and hotel rooms in advance.
From the Red Herring Prospectus (May 2026) and the FY26 annual report.
Read the deeper study ↓In its favour
- Sales have grown fast: 34% a year over three years.
- It earns a high return on the money it uses: ROCE 30% in FY26.
- It has little debt for its size: debt to equity 0.00.
- The promoters own a large part of the company: 65.42%.
To watch
- Profit for the full year FY26 in the annual report is lower than the offer document showed for the eleven months to February 2026 (Red Herring Prospectus, p.162; annual report FY26, p.31).
- Spending of ₹10.5 cr of IPO money on the platform, a support office and vehicles in FY27 (Red Herring Prospectus, p.108).
- Start of advance purchasing of airline seats and hotel rooms, and its effect on cash (Red Herring Prospectus, p.169).
- Results for the half year to September 2026, the first after listing.
- Customers take longer to pay than before: 151 days in FY26, against 87 in FY20.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
UHM Vacation revenue and profit growth
Half-yearly results · Profit and lossSales have grown fast. Last year profit fell even as sales rose, so the company kept less from each rupee of sales.
SME companies report every six months.
UHM Vacation half-yearly results
SME companies report every six months · ₹ crore
| H2FY26 | |
|---|---|
| Sales | 26.69 |
| Expenses | 23.16 |
| Operating profit | 3.53 |
| OPM | 13.2% |
| Interest | 0.01 |
| Depreciation | 0.07 |
| Profit before tax | 3.51 |
| Net profit | 2.67 |
UHM Vacation profit and loss
Full years to March, FY20 to FY26 · ₹ crore, consolidated where reported
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Sales | 8.31 | 0.92 | 10.90 | 20.44 | 30.61 | 40.14 | 48.65 |
| Expenses | 8.17 | 0.82 | 10.71 | 20.25 | 24.74 | 31.87 | 41.08 |
| Operating profit | 0.14 | 0.10 | 0.19 | 0.19 | 5.87 | 8.27 | 7.57 |
| OPM | 1.7% | 10.9% | 1.7% | 0.9% | 19.2% | 20.6% | 15.9% |
| Other income | 0.04 | 0.01 | 0.02 | 0.05 | 0.05 | 0.05 | 0.06 |
| Interest | 0.07 | 0.03 | 0.05 | 0.03 | 0.01 | 0.05 | 0.06 |
| Depreciation | 0.07 | 0.06 | 0.05 | 0.05 | 0.09 | 0.09 | 0.09 |
| Profit before tax | 0.04 | 0.02 | 0.11 | 0.16 | 5.82 | 8.18 | 7.48 |
| Tax rate | 50.0% | 0.0% | 18.2% | 25.0% | 9.5% | 12.1% | 15.9% |
| Net profit | 0.02 | 0.02 | 0.09 | 0.11 | 5.27 | 7.19 | 6.29 |
| EPS ₹ | 1.82 | 1.82 | 8.18 | 10 | 47.55 | 64.91 | 12.74 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
UHM Vacation profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 1.7% | 10.9% | 1.7% | 0.9% | 19.2% | 20.6% | 15.9% |
| Tax rate | 50.0% | 0.0% | 18.2% | 25.0% | 9.5% | 12.1% | 15.9% |
| ROCE | · | 4.4% | 15.0% | 18.9% | 77.3% | 46.3% | 30.2% |
| ROE | · | 2.2% | 9.3% | 11.1% | 71.7% | 41.5% | 25.5% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
UHM Vacation debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It has almost no borrowings. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
UHM Vacation balance sheet
At each 31 March · ₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Equity capital | 0.11 | 0.11 | 0.11 | 0.11 | 1.10 | 1.10 | 4.90 |
| Reserves | 0.79 | 0.81 | 0.90 | 0.87 | 12.62 | 19.86 | 23.51 |
| Net worth | 0.90 | 0.92 | 1.01 | 0.98 | 13.72 | 20.96 | 28.41 |
| Borrowings | 0.28 | 0.19 | 0.02 | 0 | 0.38 | 0.48 | 0.06 |
| Other liabilities | 2.37 | 0.55 | 1.55 | 2.62 | 5.24 | 17.63 | 12.52 |
| Total liabilities | 3.55 | 1.66 | 2.58 | 3.60 | 19.34 | 39.07 | 40.99 |
| Fixed assets | 0 | 0 | 0 | 0.70 | 0.75 | 0.69 | 0.61 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 3.55 | 1.66 | 2.58 | 2.90 | 18.59 | 38.38 | 40.38 |
UHM Vacation cash flow
₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 0 | 0 | 0 | 0.49 | -1.49 | 0.33 | -1.67 |
| Cash from investing | 0 | 0 | 0 | -0.78 | 0.13 | -0.20 | -3.06 |
| Cash from financing | 0 | 0 | 0 | 0.07 | 0.80 | 0.04 | 3.72 |
| Net cash flow | 0 | 0 | 0 | -0.22 | -0.56 | 0.17 | -1.01 |
Working capital
Days
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 87 | 186 | 27 | 23 | 86 | 170 | 151 |
| Inventory days | · | · | · | 0 | 0 | · | · |
| Cash conversion cycle | 87 | 186 | 27 | 23 | 86 | 170 | 151 |
| Working capital days | -15 | -12 | -23 | -19 | 145 | 175 | 212 |
UHM Vacation peers and competitors
Listed SME companies in the same industryBy sales, UHM Vacation is number 8 of the 29 listed SME companies in leisure services.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Lloyds Luxuries | 130 | - | 60.8 | -34.4 | 1.6% | 0.00 |
| DUDIGITAL GLOBAL | 148 | 25.7 | 54.7 | 5.8 | 13.7% | 0.06 |
| UHM Vacation | 20 | 3.2 | 48.7 | 6.3 | 15.9% | 0.00 |
| Silverstorm Parks And Resorts | 287 | 15.1 | 44 | 19 | 68.0% | 0.49 |
| Naturewings Holidays | 21 | 13.9 | 30.3 | 1.6 | 5.7% | 0.00 |
| TSC India | 61 | 14.0 | 28.5 | 4.4 | 23.4% | 0.42 |
| Helloji Holidays | 38 | 30.5 | 27.6 | 1.3 | 5.4% | 0.00 |
| Pind Hospitality | 39 | 17.0 | 24.5 | 2.3 | 16.2% | 0.88 |
| Jungle Camps India | 62 | 14.7 | 23.3 | 4.2 | 26.2% | 0.10 |
| Goel Food Products | 26 | 9.4 | 21.9 | 2.8 | 28.4% | 1.24 |
| Sailani Tours N Travels | 3 | 12.4 | 21.5 | 0.3 | 4.0% | 0.29 |
| Median of the 10 others | 50 | 14.7 | 28.1 | 2.5 | 14.9% | 0.20 |
UHM Vacation shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little.
UHM Vacation shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Jun 26 | |
|---|---|
| Promoters | 65.42% |
| Indian institutions (DIIs) | 0.29% |
| Number of shareholders | 1,126 |
UHM Vacation study: the business from its own documents
Read from 3 of the company's own documentsUHM Vacation key facts from the filings
Each figure with the document it comes from
- FY26 revenue
- ₹48.6 cr
- Consolidated, up from ₹40.1 cr in FY25, while profit after tax fell to ₹6.3 cr from ₹7.2 cr.Annual report FY26, p.31
- Dubai
- 77.3%
- Share of revenue from Dubai bookings in the eleven months to February 2026, up from 56.0% in FY23.Red Herring Prospectus, p.164
- Hotels and related
- 70.7%
- Share of revenue from hotel and ancillary bookings in the eleven months to February 2026; flights gave only 4.7%.Red Herring Prospectus, p.164
- Dubai subsidiary profit
- ₹4.7 cr
- Profit after tax of Arabian Wonder FZC LLC in FY26 on income of ₹11.2 cr; the Indian company earned ₹1.6 cr.Annual report FY26, p.31 and p.33
- Largest agent
- 13.2%
- Share of revenue in the eleven months to February 2026, down from 18.6% in FY25 and 49.0% in FY23.Red Herring Prospectus, p.165
Show 4 more facts
- Operating cash flow
- −₹1.7 cr
- Consolidated, in FY26, as money owed by agents stayed high.Annual report FY26, p.97
- Employees
- 20
- At March 2026; the platform handles most booking, pricing and payment work.Red Herring Prospectus, p.178
- IPO
- ₹166 a share
- A ₹36.0 cr issue, including 4,20,000 shares sold by Izhar Ahmad; listed on BSE SME on 11 June 2026 and subscribed 2.10 times.Annual report FY26, p.33 and p.85
- Planned capital spending
- ₹10.5 cr
- From IPO money in FY27 for the platform, a customer support office and vehicles; ₹4.9 cr more for marketing.Red Herring Prospectus, p.108
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The offer document set out IPO spending of ₹10.5 cr in FY27 on the technology platform, a customer support office and owned vehicles for transfers, ₹4.9 cr on marketing in FY27 and ₹6.4 cr on working capital across FY27 and FY28. The company says it will start purchasing airline seats and hotel rooms in advance at negotiated rates, moving partly away from a pure booking model, and plans to take part in travel trade fairs such as SATTE, OTM and TTF.
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
UHM earns a markup on hotel rooms, transfers and other travel services that agents book through its platform, mostly for trips to Dubai.
Its weak spots are dependence on one destination, long credit given to agents and profit that sits largely in the Dubai subsidiary.
AverageCan it set its own prices?It sets its own markup on negotiated rates, but agents can compare prices across many platforms and costs it cannot pass on are a stated risk.
WatchHow strong is it against rivals?It competes with global travel agencies, online travel agents and niche platforms in a fragmented market, with little that others cannot copy.
AverageWho are its customers?Travel agents of many sizes, with the largest one's share falling over time, though the top ten still matter.
WatchDoes it need a lot of money?It owns little, but long credit to agents ties up cash, and the new plan to purchase seats and rooms in advance would need more.
AverageCan it keep finding new work?Agents return to the platform for each trip, and outbound travel from India to the Gulf has been growing, but bookings must be won one by one.
WatchDo good and bad years swing a lot?Travel moves with seasons, the economy and events in the Gulf, and the company leans heavily on one city.
Who runs UHM Vacation?
Promoters, directors and officers; tap a name for the background
IAIzhar AhmadPromoter, Chairman and Managing Director
Holds a Bachelor of Arts and a Master of Tourism Administration from Aligarh Muslim University, with over 15 years in travel and tourism; a founding member who runs commercial operations, strategy, finance and marketing. Sold 4,20,000 shares in the IPO.
Red Herring Prospectus, p.107 and p.200RKRubeena Khatoon I AhmedPromoter and Executive Director
Completed higher secondary education in 2003 and has over nine years in travel and tourism; with the company since July 2015, overseeing daily operations and client and supplier relationships. The offer document states Izhar Ahmad and Rubeena Khatoon I Ahmed are husband and wife.
Red Herring Prospectus, p.200 and p.202PPPratiksha Pravin NagwekarChief Financial Officer
Holds a Bachelor of Commerce from the University of Mumbai, with over 18 years in finance; with the company since August 2015, earlier an accountant at Shakti Print 'N' Plast.
Red Herring Prospectus, p.211RKRafiuddin KhanNon-Executive Director
Holds science degrees from Aligarh Muslim University and a postgraduate diploma in business administration from Annamalai University, with more than 25 years in operations management, now at Hamdard Laboratories; on the board since June 2024.
Red Herring Prospectus, p.201RSRajan Sharrad KorgaokarIndependent Director
Holds a Bachelor of Science from the University of Bombay and retired as Assistant General Manager, credit, at Bank of Maharashtra in 2014; on the board since August 2024.
Red Herring Prospectus, p.201MSMohd ShamimIndependent Director
Holds a Bachelor of Commerce, a Master of Finance and Control and a PhD in Commerce from Aligarh Muslim University, with long experience in academia; on the board since August 2024.
Red Herring Prospectus, p.201UHM Vacation latest news and announcements
Announcements · Documents · Corporate actionsUHM Vacation announcements
5 on record, latest first; each opens the filing on the exchange
- Company UpdateCompliances - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018PDF ↗
- Company UpdateIntimation regarding Participation in Travel and Tourism Fair (TTF) Hyderabad 2026 from October 09, 2026 to October 11, 2026PDF ↗
- AGM/EGMOutcome and Proceedings of the 17th Annual General Meeting of UHM Vacation Limited held on Wednesday, September 30, 2026PDF ↗
- Company UpdateThe Exchange has sought clarification from UHM Vacation Ltd on September 29, 2026 with reference to significant movement in price, in order to ensure that inves
- Insider Trading / SASTThe trading window for dealing in securities of the company by Designated Persons and their immediate relatives will remain closed with effect from October 01, PDF ↗
UHM Vacation annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
UHM Vacation share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on UHM Vacation's data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iThe shares traded on only 85 days in the past year, so the price, its range and the returns here rest on few trades.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (66,45,836 shares).
- !The FY26 results imply 49,00,000 shares at face value ₹10, which disagrees with the shareholding pattern; the pattern is used.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- !Earnings per share changes basis between FY23 (₹10.00) and FY24 (₹47.55) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY20 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about UHM Vacation
What does UHM Vacation do?
UHM Vacation runs an online booking platform where travel agents book hotels, flights, transfers, tours and visas for their customers, with most bookings for trips to Dubai. Its shares trade on BSE SME.
What is the share price of UHM Vacation?
₹30.6 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of UHM Vacation?
₹20 cr at the close on 6 Nov 2026, on 66,45,836 shares.
What is the P/E of UHM Vacation?
3.2 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are UHM Vacation's revenue and profit?
Revenue ₹49 cr and profit after tax ₹6 cr in FY26.
Who are the promoters of UHM Vacation?
Izhar Ahmad, Rubeena Khatoon I Ahmed; promoters held 65.42% at 30 June 2026.
What is UHM Vacation's website?
www.uhmvacation.com
More SME companies like UHM Vacation
Other listed SME companies in leisure services, the closest in size first, each read from its own documents.
- Naturewings HolidaysNHL · BSE SME · Leisure ServicesMarket cap ₹22 cr
- Valencia IndiaVALINDIA · BSE SME · Leisure ServicesMarket cap ₹22 cr
- Landmark Global LearningLGLL · BSE SME · Leisure ServicesMarket cap ₹19 cr
- Travels & RentalsTRAVELS · BSE SME · Leisure ServicesMarket cap ₹18 cr
- Goel Food ProductsGOEL · BSE SME · Leisure ServicesMarket cap ₹25 cr
- Pecos Hotels and PubsPECOS · BSE SME · Leisure ServicesMarket cap ₹25 cr
Built from 2 annual reports, 1 offer document, 5 exchange announcements, 1 shareholding patterns and 7 years of reported results. Every figure carries its source; where the documents are silent, the page says so.