Benares Hotels Ltd

Benares Hotels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Benares Hotels Ltd

₹ 9,699 -0.19%
25 Jul - close price
benareshotelslimited.com BSE: 509438
About

Incorporated in 1971, Benares Hotels Ltd is in the business of operating hotels[1]

Key Points

Business Overview:[1][2]
a) BHL is a subsidiary of The Indian Hotels Company Limited, a company promoted by Tata Son Private Limited
b) Company operates its hotels,
viz. Taj Ganges and Nadesar Palace
in Varanasi and Ginger Hotel, Gondia
in Maharashtra.
c) Ginger Hotel at Gondia has ~34
rooms, while Taj Ganges and Nadesar
Palace at Varanasi has 144 rooms and
suits.

Website BSE
  • Market Cap ₹ 1,261 Cr.
  • Current Price ₹ 9,699
  • High / Low ₹ 12,500 / 7,400
  • Stock P/E 28.4
  • Book Value ₹ 1,329
  • Dividend Yield 0.26 %
  • ROCE 37.3 %
  • ROE 28.3 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 31.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.7%

Cons

  • Stock is trading at 7.30 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Services Leisure Services Hotels & Resorts

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Figures in Rs. Crores

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
19.85 17.72 28.26 27.50 25.47 25.90 33.61 35.58 23.00 24.47 38.87 49.12 25.01
12.35 12.63 15.93 16.27 16.07 15.88 17.76 19.74 14.16 14.40 20.18 27.40 14.98
Operating Profit 7.50 5.09 12.33 11.23 9.40 10.02 15.85 15.84 8.84 10.07 18.69 21.72 10.03
OPM % 37.78% 28.72% 43.63% 40.84% 36.91% 38.69% 47.16% 44.52% 38.43% 41.15% 48.08% 44.22% 40.10%
0.19 0.50 0.33 0.49 0.64 0.67 0.86 1.06 1.35 1.24 1.23 1.38 1.78
Interest 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.10 0.10 0.09 0.10
Depreciation 1.53 1.51 1.49 1.48 1.49 1.48 1.49 1.45 1.49 1.53 1.49 1.52 1.51
Profit before tax 6.07 3.99 11.08 10.15 8.46 9.12 15.13 15.36 8.61 9.68 18.33 21.49 10.20
Tax % 25.21% 25.56% 25.18% 25.22% 25.65% 25.11% 25.25% 24.54% 25.32% 25.62% 26.08% 25.31% 25.69%
4.54 2.97 8.29 7.59 6.30 6.84 11.30 11.59 6.43 7.20 13.56 16.05 7.58
EPS in Rs 34.92 22.85 63.77 58.38 48.46 52.62 86.92 89.15 49.46 55.38 104.31 123.46 58.31
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
43 47 50 50 47 60 64 24 50 93 121 135 137
28 31 35 36 36 42 43 24 35 57 69 76 77
Operating Profit 15 16 15 14 11 17 21 0 15 36 51 59 61
OPM % 34% 34% 30% 28% 24% 29% 33% 2% 29% 39% 43% 44% 44%
1 1 1 2 1 1 -0 1 0 1 3 5 6
Interest 0 0 0 0 0 1 1 1 1 0 0 0 0
Depreciation 2 3 3 5 4 5 6 7 6 6 6 6 6
Profit before tax 14 14 13 11 8 12 14 -7 8 31 48 58 60
Tax % 35% 35% 36% 37% 17% 28% 21% -25% 27% 25% 25% 26%
9 9 8 7 6 9 11 -5 6 23 36 43 44
EPS in Rs 69.08 71.00 65.23 52.46 49.85 67.08 81.62 -40.23 43.46 179.85 277.23 332.69 341.46
Dividend Payout % 29% 28% 31% 29% 30% 22% 9% 0% 23% 11% 9% 8%
Compounded Sales Growth
10 Years: 11%
5 Years: 16%
3 Years: 40%
TTM: 16%
Compounded Profit Growth
10 Years: 17%
5 Years: 32%
3 Years: 97%
TTM: 23%
Stock Price CAGR
10 Years: 22%
5 Years: 52%
3 Years: 65%
1 Year: 21%
Return on Equity
10 Years: 17%
5 Years: 20%
3 Years: 29%
Last Year: 28%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 42 48 56 60 64 70 77 71 77 98 132 171
0 0 0 0 5 5 9 9 4 4 4 4
12 14 14 18 19 20 18 10 14 17 19 19
Total Liabilities 55 63 71 79 89 97 105 91 95 120 156 195
26 44 43 41 54 81 91 84 78 73 71 70
CWIP 11 1 3 4 15 1 0 0 0 1 5 19
Investments 0 0 0 0 0 0 0 0 0 0 0 0
19 19 25 34 20 14 14 7 17 47 79 106
Total Assets 55 63 71 79 89 97 105 91 95 120 156 195

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
10 13 10 11 9 16 17 2 16 28 41 42
-17 -7 -6 -12 -8 -16 -13 -1 -11 -17 -25 -43
-3 -3 -3 -3 3 -3 -3 -2 -6 -2 -3 -4
Net Cash Flow -10 4 0 -4 3 -4 1 -1 -0 9 12 -5

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 21 19 27 31 31 27 25 12 10 17 15 11
Inventory Days 80 85 85 85 92 79 62 109
Days Payable 237 299 285 367 446 429 333 235
Cash Conversion Cycle -136 -195 -173 -251 -323 -323 -246 -114 10 17 15 11
Working Capital Days 53 9 29 55 -38 -34 -17 -29 -28 -9 -8 -0
ROCE % 34% 31% 25% 18% 12% 17% 18% -7% 10% 34% 41% 37%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
62.57% 62.57% 62.57% 62.57% 62.57% 62.57% 62.57% 62.57% 61.19% 62.58% 62.58% 62.58%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02%
37.44% 37.43% 37.42% 37.43% 37.42% 37.43% 37.43% 37.42% 38.82% 37.42% 37.41% 37.40%
No. of Shareholders 4,3894,3174,4174,6184,9975,6016,3406,5816,6006,5726,6076,810

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Concalls

  • Apr 2025
    Transcript
    Notes
    PPT
  • Apr 2023
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    Notes
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  • Jan 2023
    Transcript
    Notes
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  • Nov 2022
    Transcript
    Notes
    PPT
  • Jul 2022
    Transcript
    Notes
    PPT