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Benares Hotels

BENARAS NSE
₹10,200.00 unchanged 0.00 (0.00%)
Market Cap
₹1,326 Cr
P/E
29.87

Benares Hotels (BENARAS) share price was ₹10,200.00 at the 28 Oct 2026 close; market capitalisation ₹1,326 Cr; P/E (TTM) 29.87; sector Leisure Services. The share price rose 8.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue rose 31.9% year on year to ₹31.52 Cr and net profit rose 7.9% year on year to ₹6.56 Cr (compared with Sep 2025). Promoters held 62.58% of Benares Hotels in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 54/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹10,200.00 +728.05 +7.69% 1Y

Key Fundamentals

MicrocapLeisure ServicesConsumer Services
Market Cap
₹1,326 Cr
P/E (TTM)
29.87
EBITDA
₹65.40 Cr
Return on Equity
20.34%
Debt to Equity
0.02
Book Value
₹1,724.55
EPS (TTM)
₹341.46
52W High
₹11,499.00
52W Low
₹9,000.00

Price-based figures as of 29 Oct 2026, 09:15 IST · EPS basis: Standalone · TTM

Peer Comparison

Consumer Discretionary › Leisure Services › Hotels & Resorts

Indian Hotels Co
₹809.2553.701,15,191 Cr8.450.40%14.69%17.42%11,006 Cr2,308 Cr
ITC Hotels
₹168.1940.4335,034 Cr2.980.60%7.02%9.19%4,673 Cr869 Cr
Leela Palaces Hotels & Resorts
₹620.4546.7620,720 Cr3.160.00%6.25%8.26%1,744 Cr444 Cr
EIH
₹291.6525.6318,239 Cr3.470.51%12.15%16.26%3,256 Cr741 Cr
Chalet Hotels
₹788.2032.6817,261 Cr4.670.25%17.45%16.59%2,425 Cr528 Cr
Ventive Hospitality
₹547.1026.6512,777 Cr2.320.00%7.42%9.71%2,803 Cr587 Cr
Lemon Tree Hotels
₹109.3536.948,663 Cr6.220.00%13.87%13.70%1,482 Cr297 Cr
Benares Hotels (this company)
₹10,200.0029.871,326 Cr5.910.25%20.34%26.23%161 Cr44 Cr
Median 8 companies₹583.7834.8117,750 Cr4.070.25%13.01%14.98%2,614 Cr558 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

54 Average
Overall score

Data confidence 100/100

Category scores

Quality Strong 68
Returns, margins, earnings quality 22% weight
Valuation Poor 33
Cheap vs sector & own history 24% weight
Growth Average 52
Sales & profit trajectory 9% weight
Financial Health Strong 91
Solvency, leverage, coverage 9% weight
Momentum Average 49
Trend strength, vol-adjusted 12% weight
Ownership Average 47
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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%

Technical Indicators

Oscillators

Bullish

Bearish
1
Neutral
4
Bullish
4

Overall

Bearish

Bearish
9
Neutral
4
Bullish
6

Moving Averages

Bearish

Bearish
8
Neutral
0
Bullish
2

Growth Rate

Revenue Growth
2.99% lower than 3Y

change over 1 year

Net Income Growth
0% lower than 3Y

change over 1 year

Cash Flow Change
16.44%

change over 1 year

EBITDA Margin Change
-1.61%

change over 1 year Operating margin 32.33% · Sep 2026

Quarterly Results

Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
25.9
33.61
35.58
23
24.47
38.87
49.12
25.01
23.9
41.63
48.6
33.89
31.52
Expenses
15.88
17.76
19.74
14.16
14.4
20.18
27.4
14.98
15.66
22.1
26.77
21.4
21.33
Operating Profit
10.02
15.85
15.84
8.84
10.07
18.69
21.72
10.03
8.24
19.53
21.83
12.49
10.19
OPM %
38.69%
47.16%
44.52%
38.43%
41.15%
48.08%
44.22%
40.1%
34.48%
46.91%
44.92%
36.85%
32.33%
Other Income
0.67
0.86
1.06
1.35
1.24
1.23
1.38
1.78
1.62
0.9
1.34
1.33
1.3
Interest
0.09
0.09
0.09
0.09
0.1
0.1
0.09
0.1
0.1
0.1
0.1
0.12
0.11
Depreciation
1.48
1.49
1.45
1.49
1.53
1.49
1.52
1.51
1.51
1.45
2.34
2.63
2.64
PBT
9.12
15.13
15.36
8.61
9.68
18.33
21.49
10.2
8.25
18.88
20.73
11.07
8.74
Tax %
25.11%
25.25%
24.54%
25.32%
25.62%
26.08%
25.31%
25.69%
26.42%
24.63%
25.95%
25.47%
25.06%
Net Profit
6.84
11.3
11.59
6.43
7.2
13.56
16.05
7.58
6.08
14.23
15.35
8.25
6.56
EPS (₹)
52.62
86.92
89.15
49.46
55.38
104
123
58.31
46.77
109
118
63.46
50.46
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
47
50
50
47
60
64
24
50
93
121
135
139
156
Expenses
31
35
36
36
42
43
24
35
57
69
76
79
92
Operating Profit
16
15
14
11
17
21
0
15
36
51
59
60
64
OPM %
34%
30%
28%
24%
29%
33%
1.6%
29%
39%
43%
44%
43%
41%
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
9
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 (₹)
71
65.23
52.46
49.85
67.08
81.62
-40.23
43.46
180
277
333
333
341
Div. Payout %
28%
31%
29%
30%
22%
9%
0%
23%
11%
9%
8%
8%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
1
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
223
Borrowings
0
0
0
5
5
9
9
4
4
4
4
4
4
Other Liabilities
14
14
18
19
20
18
10
14
17
19
19
40
31
Total Liabilities
63
71
79
89
97
105
91
95
120
156
195
257
259
Fixed Assets
44
43
41
54
81
91
84
78
73
71
70
157
153
CWIP
1
3
4
15
1
0
0
0
1
5
19
1
2
Investments
0
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
105
Total Assets
63
71
79
89
97
105
91
95
120
156
195
257
259
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/EBITDA
112
84
97
101
105
93
198
115
98
103
96
103
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Benares Hotels insights

60 extracted metrics + investor summaries across FY09–FY27.

Shareholding Pattern

FIIs0.01%Promot.62.58%DIIs0.03%Others6.90%Public30.47%As ofSep 2026

Documents

1
Concall - Mar 2026 Mar 2026
2
Concall - Dec 2025 Dec 2025
3
Concall - Apr 2025 Apr 2025
4
Concall - Apr 2023 Apr 2023
5
Concall - Jan 2023 Jan 2023

Frequently Asked Questions about Benares Hotels

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 (BENARAS) listed?
Benares Hotels Ltd trades as BENARAS on the NSE and under code 509438 on the BSE.
Which sector does Benares Hotels Ltd belong to?
Benares Hotels Ltd is classified under the Leisure Services sector, in the Hotels & Resorts industry.
What is the market capitalisation of Benares Hotels Ltd?
Benares Hotels Ltd has a market capitalisation of ₹1,326 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Benares Hotels Ltd?
Benares Hotels Ltd trades at a PE ratio of 29.87 as of 29 Oct 2026, on earnings per share of ₹341.46, against a book value of ₹1,724.55 per share.
What is the 52-week high and low of Benares Hotels Ltd?
Over the last 52 weeks Benares Hotels Ltd has traded between ₹9,000 and ₹11,499 as of 29 Oct 2026.
Does Benares Hotels Ltd pay dividends?
Benares Hotels Ltd has a dividend yield of 0.25%.
What is the Return on Equity (ROE) of Benares Hotels Ltd?
Benares Hotels Ltd reported a return on equity of 20.34%. Its debt-to-equity ratio is 0.02.

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]

Website benareshotelslimited.com
Listed 1991-05-20
Face Value ₹ 10
Shares Outstanding 13,00,000

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