Tipsheet
What matters at India’s listed companies
Hotels & Restaurants · Micro cap

Jungle Camps wins first Uttarakhand contract, but the cheque is small.

A 10-year deal to run a tourist rest house in Devprayag expands the company's geographic footprint, though the fee is just ₹28.22 lakhs per year.

1 earlier story on Jungle Camps India Ltd.
Mkt cap₹71.29 cr
P/E17.59×
ROE7.96%
Debt / eq.0.08
₹28.22 lakhs/year Annual fee for the new Devprayag management contract.

What's new

  • Won a letter of award from Uttarakhand Tourism Development Board for a 10-year contract.
  • The deal marks Jungle Camps' entry into the Uttarakhand market.
  • Performance security of ₹25 lakhs is due, with a formal agreement to be signed within seven days.

Why this matters

The contract is a logical geographic expansion for a company operating in Madhya Pradesh and Rajasthan. The scale is trivial against its ₹71 crore market cap. The real story is whether this single-property win converts into more state tourism contracts.

What we're watching

  • Execution of the formal agreement within the seven-day deadline.
  • Whether Jungle Camps bids for larger Uttarakhand tourism concessions.
  • Impact on the company's asset-light portfolio growth strategy.

The full read

Jungle Camps India has won its first contract in Uttarakhand, landing a 10-year deal from the state's tourism board to run a rest house at Devprayag. The annual fee is ₹28.22 lakhs, with a 3% annual escalation. The contract is extendable by five more years. For a nano-cap with a ₹71 crore market cap, the financial heft is modest. The deal is about portfolio expansion, not cash flow. Jungle Camps now operates in three states. The test is whether this state-government contract leads to more.

Questions answered

How significant is this contract for Jungle Camps' revenue?
The annual fee is ₹28.22 lakhs, escalating at 3%. For a company with a ₹71 crore market cap, this is a minor revenue stream. The value is strategic, not financial.
Why is Uttarakhand an important new market?
It is the first contract in Uttarakhand for Jungle Camps, which previously operated only in Madhya Pradesh and Rajasthan. The deal diversifies the company's geographic presence.
What are the financial obligations?
The company must furnish a performance security of ₹25 lakhs and sign the formal agreement within seven days. The annual fee of ₹28.22 lakhs escalates at 3% per year.
Is the contract duration fixed at ten years?
The initial term is ten years. The contract is extendable by another five years at the discretion of the Uttarakhand Tourism Development Board.
Mentioned: Uttarakhand Tourism Development Board · Devprayag, Tehri Garhwal · ₹25 lakhs performance security
Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

  1. 7 Jun 2026 · 9:54 PM IST Jungle Camps wins first Uttarakhand contract, but the cheque is small.
  2. 13d ago Jungle Camps adds Bandhavgarh property under asset-light deal