• Jai Parkash
• Dr. Abhishek

Capital structure refers to the way a company finances its overall operations and growth by using different sources of funds. These sources mainly include equity (like share capital) and debt (such as loans and bonds). The mix of equity and debt that a company uses is called its capital structure. The capital structure is a vital financial decision that affects a company's risk, performance, and value. A balanced capital structure helps a company grow sustainably while managing costs and risks. This study examines the impact of capital structure on the financial performance of hotel companies listed on the National Stock Exchange (NSE) of India. The five companies Indian Hotel Company Ltd, EIH Limited, Chalet Hotels, Lemon Tree Hotels and Juniper Hotels Limited were taken as sample. The required data were collected from the Annual Reports for the period from 2014-15 to 2023-24. The collected data were analysed by using regression analysis. The study explores the relationship between capital structure variables equity share capital, reserve & surplus, debts and two key performance indicators: Net Profit (NP) and Return on Capital Employed (ROCE). The results of the study reveal that capital structure has no significant impact on net profit and return on capital employed of Hotel companies.

Capital structure, financial performance, net profit, ROCE, Hotel companies etc.

"A Study on the Impact of Capital Structure on Financial Performance of Hotel Companies", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 6, page no.b216-b224, June-2025, Available :http://www.jetir.org/papers/JETIR2506127.pdf

"A Study on the Impact of Capital Structure on Financial Performance of Hotel Companies", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 6, page no. ppb216-b224, June-2025, Available at : http://www.jetir.org/papers/JETIR2506127.pdf