Benares Hotels Ltd
₹ 10,118
-5.31%
30 Apr
- close price
- Market Cap ₹ 1,315 Cr.
- Current Price ₹ 10,118
- High / Low ₹ 12,500 / 7,400
- Stock P/E 30.4
- Book Value ₹ 1,329
- Dividend Yield 0.25 %
- ROCE 37.3 %
- ROE 28.3 %
- Face Value ₹ 10.0
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 7.62 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
Sector: Hotels & Restaurants Industry: Hotels
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Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
43 | 47 | 50 | 50 | 47 | 60 | 64 | 24 | 50 | 93 | 121 | 135 | |
28 | 31 | 35 | 36 | 36 | 42 | 43 | 24 | 35 | 57 | 69 | 76 | |
Operating Profit | 15 | 16 | 15 | 14 | 11 | 17 | 21 | 0 | 15 | 36 | 51 | 59 |
OPM % | 34% | 34% | 30% | 28% | 24% | 29% | 33% | 2% | 29% | 39% | 43% | 44% |
1 | 1 | 1 | 2 | 1 | 1 | -0 | 1 | 0 | 1 | 3 | 5 | |
Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
Depreciation | 2 | 3 | 3 | 5 | 4 | 5 | 6 | 7 | 6 | 6 | 6 | 6 |
Profit before tax | 14 | 14 | 13 | 11 | 8 | 12 | 14 | -7 | 8 | 31 | 48 | 58 |
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 | |
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 |
Dividend Payout % | 29% | 28% | 31% | 29% | 30% | 22% | 9% | 0% | 23% | 11% | 9% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 16% |
3 Years: | 40% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 32% |
3 Years: | 97% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 52% |
3 Years: | 68% |
1 Year: | 9% |
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 | 38 | |||
Days Payable | 237 | 299 | 285 | 367 | 446 | 429 | 333 | 235 | 177 | |||
Cash Conversion Cycle | -136 | -195 | -173 | -251 | -323 | -323 | -246 | -114 | 10 | 17 | 15 | -128 |
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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Copy of financial results for period ended March 31, 2025 as published in newspapers on 29.04.2025.
-
Appointment Of Secretarial Auditors
28 Apr - Appointed M/s D.S. Associates as Secretarial Auditor for five years from FY 2025-26, subject to shareholder approval.
-
Announcement under Regulation 30 (LODR)-Dividend Updates
28 Apr - Benares Hotels reports FY25 audited profit, recommends 250% dividend, auditors give unmodified opinion.
- Audited Financial Results For The Period/Year Ended 31.03.2025 28 Apr
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Apr - FY25 revenue INR 141 Cr (+14%), PAT INR 43 Cr; 100-room Taj Ganges expansion in Q3 FY26.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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.