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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Investment Thesis
River Front Hotels Limited is a small, legacy hospitality company with over three decades of operations in Surat's Nanpura area. While Surat's economic dynamism provides a favorable demand backdrop, the company's single-property model, unlisted status, and minimal public disclosures limit visibility into its financial health and growth prospects.
Pros
Cons
Business Segments
Hotel & Short-Stay Accommodation
Hotels and short-stay accommodation (NIC 55100); Nanpura, Surat, Gujarat; MSEI listed; Surat riverfront / commercial district.
Revenue Model
Revenue is generated primarily through room rentals, food and beverage services, and ancillary hospitality services at its Nanpura, Surat hotel property.
Detailed Analysis
Growth Plans
Surat's continued economic expansion driven by diamond, textile, and petrochemical industries supporting business travel demand
Potential renovation or expansion of the Nanpura property to capture higher-value segments
Industry Tailwinds
Surat's continued economic expansion driven by diamond, textile, and petrochemical industries supporting business travel demand
Recent Developments
Comparable Companies
SINCLAIRS · ~300 Cr
KAMATHOTEL · ~200 Cr
Frequently Asked Questions
About River Front Hotels Limited
River Front Hotels Limited is a Surat-based hospitality company incorporated in December 1991. The company operates a hotel property in the Nanpura area of Surat, one of India's fastest-growing commercial cities and a major diamond and textile trade hub. In addition to hotel accommodation, the company operates a coffee shop at the ground floor of the hotel property. Operations are family-managed under the Poonawala family, with the hotel catering to business and leisure travellers visiting Surat for commercial activities. The authorised share capital is Rs. 5 Cr with paid-up capital of Rs. 3.01 Cr. Surat's economic growth from diamond and textile industries provides a steady base of business travel demand for the hotel. As a single-property hospitality company with family management, River Front Hotels represents a micro-cap hospitality entity with limited public financial disclosure and very low investor visibility. Detailed financial statements are not available in free public sources.
Key Milestones
Incorporated December 12, 1991 in Gujarat (CIN: L55100GJ1991PLC016766) — 34+ years old; Surat
Hotel and short-stay accommodation; MSEI listed (RFHL:IN); authorized ₹5 Cr; paid-up ₹3.01 Cr
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Potential renovation or expansion of the Nanpura property to capture higher-value segments
Industry Headwinds
Entry of branded hotel chains into Surat's mid-market segment
Economic slowdown impacting business travel
Limited financial resources for property upgrades
Key Strengths
Surat location — India's fastest-growing city and major diamond/textile trade hub creates steady business travel demand
Established 30+ year operating history in Surat's hospitality market
Family-managed operations provide cost efficiency and long-term stability
Key Weaknesses
Single-property hotel — no geographic diversification
Very small paid-up capital (Rs. 3.01 Cr) limits expansion capacity
Limited financial disclosure — no public revenue data available
No public financial data available — revenue and profit not disclosed
Source: Company Financial Filings
Family-dominated board (Poonawala family) — all directors related
Source: Media Reports / Public Records
Very small paid-up capital (Rs. 3.01 Cr) for a hotel operation
Source: Company Financial Filings
Single-property hospitality operator with all revenue dependent on one hotel in Surat, making the business vulnerable to local market downturns
Increasing competition from national hotel chains and budget aggregators in Surat's growing hospitality market
Unlisted status and a low share price of ₹10.3 create limited exit options for investors
Registered at Landmark, Opp. Dutch Gardens, Nanpura, Surat, Gujarat; website: riverfronthotellimited.com

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