Benares Hotels
- P/E
- 30.30
Key Fundamentals
MicrocapLeisure ServicesConsumer ServicesPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 29.80%
- Debt to Equity
- 0.02
- EPS (TTM)
- ₹341.46
- Book Value
- ₹1,724.55
- Market Cap
- —
- P/E (TTM)
- 30.30
- P/B
- 6.00
- ROE
- 22.50%
- Dividend Yield
- 0.25%
- EBITDA
- ₹65.40 Cr
- 52W High
- ₹11,499.00
- 52W Low
- ₹9,000.00
- Volume
- 0
Peer Comparison
Consumer Discretionary › Leisure Services › Hotels & Resorts
| ₹849.00 | 56.34 | ₹1,19,540 Cr | 8.86 | 0.39% | 14.20% | 17.10% | ₹9,987 Cr | ₹2,308 Cr | |
| ₹173.29 | 41.66 | ₹35,849 Cr | 3.08 | 0.58% | 7.89% | 11.20% | ₹4,260 Cr | ₹869 Cr | |
| ₹663.45 | 50.00 | ₹21,595 Cr | 3.38 | 0.00% | 8.21% | 8.73% | ₹1,604 Cr | ₹444 Cr | |
| ₹299.75 | 26.34 | ₹18,651 Cr | 3.56 | 0.51% | 14.50% | 20.70% | ₹3,023 Cr | ₹741 Cr | |
| ₹816.90 | 33.87 | ₹17,747 Cr | 4.84 | 0.25% | 19.00% | 17.00% | ₹2,387 Cr | ₹528 Cr | |
| ₹525.50 | 25.60 | ₹12,388 Cr | 2.23 | 0.00% | 8.33% | 10.80% | ₹2,496 Cr | ₹587 Cr | |
| ₹115.57 | 39.04 | ₹9,110 Cr | 6.58 | 0.00% | 19.20% | 14.10% | ₹1,473 Cr | ₹297 Cr | |
| Benares Hotels (this company) | ₹10,345.00 | 30.30 | ₹1,326 Cr | 6.00 | 0.25% | 22.50% | 29.80% | ₹156 Cr | ₹44 Cr |
| Median 8 companies | ₹594.48 | 36.46 | ₹18,199 Cr | 4.20 | 0.25% | 14.35% | 15.55% | ₹2,442 Cr | ₹558 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest 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 →
Overall score
Data confidence 100/100
Category scores
- Quality
- 68
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 32
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 52
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 91
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 51
- Average
- Trend strength, vol-adjusted 12% weight
- Ownership
- 47
- Average
- 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%
No weaknesses listed
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 1 | 6 | 12 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Bullish
Overall
Strong Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 55.29
- Neutral
- MACD (12,26,9)
- −16.17
- Bullish
- SMA (50)
- 10,310.02
- Bullish
- SMA (200)
- 10,028.79
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.
Revenue
| 10Y | +10.77% |
|---|---|
| 5Y | +42.09% |
| 3Y | +14.33% |
| 1Y | +2.96% |
| TTM | +13.69% |
Net profit
| 10Y | +18.31% |
|---|---|
| 5Y | Turned to profit |
| 3Y | +23.19% |
| 1Y | 0.00% |
| TTM | +2.59% |
Operating cash flow
| 10Y | +17.22% |
|---|---|
| 5Y | +89.60% |
| 3Y | +20.51% |
| 1Y | +16.67% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +13.17 pp |
|---|---|
| 5Y | +43.17 pp |
| 3Y | +4.46 pp |
| 1Y | −0.53 pp |
| TTM | −1.71 pp |
Revenue by year
| Mar 2017 | ₹50.00 Cr |
|---|---|
| Mar 2018 | ₹47.00 Cr |
| Mar 2019 | ₹60.00 Cr |
| Mar 2020 | ₹64.00 Cr |
| Mar 2021 | ₹24.00 Cr |
| Mar 2022 | ₹50.00 Cr |
| Mar 2023 | ₹93.00 Cr |
| Mar 2024 | ₹121 Cr |
| Mar 2025 | ₹135 Cr |
| Mar 2026 | ₹139 Cr |
Net profit by year
| Mar 2017 | ₹7.00 Cr |
|---|---|
| Mar 2018 | ₹6.00 Cr |
| Mar 2019 | ₹9.00 Cr |
| Mar 2020 | ₹11.00 Cr |
| Mar 2021 | −₹5.00 Cr |
| Mar 2022 | ₹6.00 Cr |
| Mar 2023 | ₹23.00 Cr |
| Mar 2024 | ₹36.00 Cr |
| Mar 2025 | ₹43.00 Cr |
| Mar 2026 | ₹43.00 Cr |
Quarterly Results
₹ Cr| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 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 |
Profit & Loss
₹ Cr| Particulars | 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 | 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% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 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 |
Cash Flow
₹ Cr| Particulars | 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/EBITDA | 112 | 84 | 97 | 101 | 105 | 93 | 198 | 115 | 98 | 103 | 96 | 103 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Benares Hotels insights
60 extracted metrics across FY10–FY27.
Documents
- 15 Jan 2026
- General announcements 16 Oct 2026
- General announcements 12 Oct 2026
Frequently Asked Questions about Benares Hotels
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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.
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