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Benares Hotels Ltd
BENARESHOTELSLTD NSE
Benares Hotels Ltd
Consumer DiscretionaryNSE: BENARESHOTELSLTD BSE: 509438 Leisure Services
Key Fundamentals
MicrocapHotels & ResortsLeisure ServicesMarket Cap
₹1,334 Cr
Volatility
Moderate
P/E Ratio
30.9
EBITDA
₹65.40 Cr
Return on Equity
20.34%
Debt to Equity
0.02
Book Value
₹1,635.61
EPS
₹278.26
52W High
₹11,001
52W Low
₹8,999.95
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company is almost debt free.
- Company has delivered good profit growth of 59.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%
Growth Rate
Revenue Growth
2.99% ↗
Net Income Growth
0.00% ↗
Cash Flow Change
16.44% ↗
ROE
-18.77% ↘
ROCE
-18.49% ↘
EBITDA Margin (Avg.)
-1.61% ↗
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 25.47 | 25.9 | 33.61 | 35.58 | 23 | 24.47 | 38.87 | 49.12 | 25.01 | 23.9 | 41.63 | 48.6 | 33.89 |
| Expenses | 16.07 | 15.88 | 17.76 | 19.74 | 14.16 | 14.4 | 20.18 | 27.4 | 14.98 | 15.66 | 22.1 | 26.77 | 21.4 |
| Operating Profit | 9.4 | 10.02 | 15.85 | 15.84 | 8.84 | 10.07 | 18.69 | 21.72 | 10.03 | 8.24 | 19.53 | 21.83 | 12.49 |
| OPM % | 36.91% | 38.69% | 47.16% | 44.52% | 38.43% | 41.15% | 48.08% | 44.22% | 40.1% | 34.48% | 46.91% | 44.92% | 36.85% |
| Other Income | 0.64 | 0.67 | 0.86 | 1.06 | 1.35 | 1.24 | 1.23 | 1.38 | 1.78 | 1.62 | 0.9 | 1.34 | 1.33 |
| Interest | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.1 | 0.1 | 0.09 | 0.1 | 0.1 | 0.1 | 0.1 | 0.12 |
| Depreciation | 1.49 | 1.48 | 1.49 | 1.45 | 1.49 | 1.53 | 1.49 | 1.52 | 1.51 | 1.51 | 1.45 | 2.34 | 2.63 |
| PBT | 8.46 | 9.12 | 15.13 | 15.36 | 8.61 | 9.68 | 18.33 | 21.49 | 10.2 | 8.25 | 18.88 | 20.73 | 11.07 |
| Tax % | 25.65% | 25.11% | 25.25% | 24.54% | 25.32% | 25.62% | 26.08% | 25.31% | 25.69% | 26.42% | 24.63% | 25.95% | 25.47% |
| Net Profit | 6.3 | 6.84 | 11.3 | 11.59 | 6.43 | 7.2 | 13.56 | 16.05 | 7.58 | 6.08 | 14.23 | 15.35 | 8.25 |
| EPS in Rs | 48.46 | 52.62 | 86.92 | 89.15 | 49.46 | 55.38 | 104 | 123 | 58.31 | 46.77 | 109 | 118 | 63.46 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47 | 50 | 50 | 47 | 60 | 64 | 24 | 50 | 93 | 121 | 135 | 139 | 148 |
| Expenses | 31 | 35 | 36 | 36 | 42 | 43 | 24 | 35 | 57 | 69 | 76 | 79 | 86 |
| Operating Profit | 16 | 15 | 14 | 11 | 17 | 21 | 0 | 15 | 36 | 51 | 59 | 60 | 62 |
| OPM % | 34% | 30% | 28% | 24% | 29% | 33% | 2% | 29% | 39% | 43% | 44% | 43% | 42% |
| Other Income | 1 | 1 | 2 | 1 | 1 | 0 | 1 | 0 | 1 | 3 | 5 | 6 | 5 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 5 | 4 | 5 | 6 | 7 | 6 | 6 | 6 | 6 | 7 | 8 |
| PBT | 14 | 13 | 11 | 8 | 12 | 14 | -7 | 8 | 31 | 48 | 58 | 58 | 59 |
| Tax % | 35% | 36% | 37% | 17% | 28% | 21% | -25% | 27% | 25% | 25% | 26% | 26% | — |
| Net Profit | 9 | 8 | 7 | 6 | 9 | 11 | -5 | 6 | 23 | 36 | 43 | 43 | 44 |
| EPS in Rs | 71 | 65.23 | 52.46 | 49.85 | 67.08 | 81.62 | -40.23 | 43.46 | 180 | 277 | 333 | 333 | 338 |
| Div. Payout % | 28% | 31% | 29% | 30% | 22% | 9% | 0% | 23% | 11% | 9% | 8% | 8% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 48 | 56 | 60 | 64 | 70 | 77 | 71 | 77 | 98 | 132 | 171 | 211 |
| Borrowings | 0 | 0 | 0 | 5 | 5 | 9 | 9 | 4 | 4 | 4 | 4 | 4 |
| Other Liabilities | 14 | 14 | 18 | 19 | 20 | 18 | 10 | 14 | 17 | 19 | 19 | 40 |
| Total Liabilities | 63 | 71 | 79 | 89 | 97 | 105 | 91 | 95 | 120 | 156 | 195 | 257 |
| Fixed Assets | 44 | 43 | 41 | 54 | 81 | 91 | 84 | 78 | 73 | 71 | 70 | 157 |
| CWIP | 1 | 3 | 4 | 15 | 1 | 0 | 0 | 0 | 1 | 5 | 19 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 19 | 25 | 34 | 20 | 14 | 14 | 7 | 17 | 47 | 79 | 106 | 99 |
| Total Assets | 63 | 71 | 79 | 89 | 97 | 105 | 91 | 95 | 120 | 156 | 195 | 257 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 13 | 10 | 11 | 9 | 16 | 17 | 2 | 16 | 28 | 41 | 42 | 49 |
| Investing | -7 | -6 | -12 | -8 | -16 | -13 | -1 | -11 | -17 | -25 | -43 | -59 |
| Financing | -3 | -3 | -3 | 3 | -3 | -3 | -2 | -6 | -2 | -3 | -4 | -4 |
| Net Cash Flow | 4 | 0 | -4 | 3 | -4 | 1 | -1 | 0 | 9 | 12 | -5 | -14 |
| Free Cash Flow | 2 | 6 | 8 | -19 | -1 | 2 | 1 | 16 | 26 | 29 | 24 | -11 |
| CFO/OP | 112 | 84 | 97 | 101 | 105 | 93 | 198 | 115 | 98 | 103 | 96 | 103 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19 | 27 | 31 | 31 | 27 | 25 | 12 | 10 | 17 | 15 | 11 | 15 |
| Inventory Days | 85 | 85 | 85 | 92 | 79 | 62 | 109 | — | — | — | — | — |
| Days Payable | 299 | 285 | 367 | 446 | 429 | 333 | 235 | — | — | — | — | — |
| Cash Conversion Cycle | -195 | -173 | -251 | -323 | -323 | -246 | -114 | 10 | 17 | 15 | 11 | 15 |
| Working Capital Days | 9 | 29 | 55 | -76 | -65 | -48 | -112 | -28 | -9 | -8 | 0 | -47 |
| ROCE % | 31% | 25% | 18% | 12% | 17% | 18% | -7% | 10% | 34% | 41% | 37% | 30% |
Documents
1
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
4 May - Benares Hotels CFO Veeramani Venkata resigned effective close of business May 4, 2026. 4 May - Benares Hotels CFO Veeramani Venkata resigned effective close of business May 4, 2026.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Apr - Copies of Financial Results for the period / year ended March 31, 2026, as published in the newspapers on April 30, 2026. 30 Apr - Copies of Financial Results for the period / year ended March 31, 2026, as published in the newspapers on April 30, 2026.
3
Announcement under Regulation 30 (LODR)-Dividend Updates
29 Apr - Benares Hotels approved FY26 audited results, 250% dividend, director changes, and opened a 100-room block at Taj Ganges. 29 Apr - Benares Hotels approved FY26 audited results, 250% dividend, director changes, and opened a 100-room block at Taj Ganges.
4
Announcement under Regulation 30 (LODR)-Change in Directorate
29 Apr - Beejal Desai resigned; Rajendra Misra and Anupam Chaturvedi appointed directors effective April 29, 2026. 29 Apr - Beejal Desai resigned; Rajendra Misra and Anupam Chaturvedi appointed directors effective April 29, 2026.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Apr - BHL reported FY2026 results and added 100 rooms at Taj Ganges, Varanasi, increasing inventory to 230 rooms. 29 Apr - BHL reported FY2026 results and added 100 rooms at Taj Ganges, Varanasi, increasing inventory to 230 rooms.
Frequently Asked Questions about Benares Hotels Ltd
What does Benares Hotels Ltd do?
Incorporated in 1971, Benares Hotels Limited (BHL) operates its hotels, viz. Taj Ganges and Taj Nadesar Palace in Varanasi, and Ginger, Gondia in Maharashtra. [1]
Where is Benares Hotels Ltd (509438) listed?
Benares Hotels Ltd is listed on the Indian stock exchanges. It is listed on NSE: BENARESHOTELSLTD and BSE: 509438. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Benares Hotels Ltd belong to?
Benares Hotels Ltd operates in the Consumer Discretionary sector within the Leisure Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Benares Hotels Ltd?
Benares Hotels Ltd has a market capitalisation of approximately ₹1334.07 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Benares Hotels Ltd?
The Price-to-Earnings (PE) ratio of Benares Hotels Ltd is 30.90. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Benares Hotels Ltd?
Over the past 52 weeks, Benares Hotels Ltd has traded between a low of ₹8,999.95 and a high of ₹11,001. This range helps investors understand the stock's price volatility and recent trading levels.
Does Benares Hotels Ltd pay dividends?
Yes, Benares Hotels Ltd has a dividend yield of 0.24%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Benares Hotels Ltd?
Benares Hotels Ltd has a Return on Equity (ROE) of 20.34%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Benares Hotels Ltd on Tapetide?
On Tapetide, you can view Benares Hotels Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1971, Benares Hotels Limited (BHL) operates its hotels, viz. Taj Ganges and Taj Nadesar Palace in Varanasi, and Ginger, Gondia in Maharashtra. [1]