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Prices as of 9 Oct 2026 close · Not investment advice

Benares Hotels Limited

NSE: BENARASHotels & Resorts

Share price

₹10,211.00

+0.11% close of 9 Oct 2026

Market cap ₹1,327 CrP/E 30.2

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

64

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,327 Cr

P/E ratio

30.2

P/B ratio

6.2

ROCE

29.8%

ROE

22.4%

Dividend yield

0.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹11,085.0052-week low ₹9,281.35

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step down at Jun 2020 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step down at Jun 2020 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 30.2× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 34.9×, across 5 companies. It is against its own five-year median of 30.1×, the 52nd percentile of its own range.

Whether growth justifies the valuation

Priced at 1.3 times its growth rate, on earnings growth of 23%.

Profit growthPrice per ₹1 profitPer 1% growth
Benares Hotels Limited — this one23%/yr30.2×₹1.3
The Indian Hotels Company Limited22%/yr52.3×₹2.4
ITC Hotels Limited—34.9×—
Leela Palaces Hotels & Resorts Limited106%/yr43.7×—
EIH Limited25%/yr25.1×₹1.0
Chalet Hotels Limited60%/yr33.5×₹0.56

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Hotels & Resorts), it ranks 2 of 39 on returns, 13 of 35 on growth, 8 of 39 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 29.8% on capital, ahead of 95% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹176 crore of cash from the business, spent ₹92 crore on plant and equipment, and returned ₹19 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 130 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being paid 28 days before it paid its own suppliers to paid 47 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 7 checks clear · 86%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 14 Jul 2026 · Standalone · Unaudited

Revenue

₹34 Cr

Revenue vs last year

+35.5%

Revenue vs last quarter

-30.3%

Net profit

₹8 Cr

Profit vs last year

+8.8%

Profit vs last quarter

-46.3%

Net margin

24.3%

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,327 Cr
Prev close
₹10,211.00
52w High
₹11,499
52w Low
₹9,000
Enterprise value
—
Beta
0.4
Price CAGR 1y
7.0%
Price CAGR 3y
21.0%
Price CAGR 5y
44.0%
Price CAGR 10y
25.0%

Ratios

Return on assets
16.7%
PEG ratio
1.3
P/E ratio
30.2
P/B ratio
6.2
EV / EBITDA
—
Industry P/E
29.5
ROCE
29.8%
ROCE 5y average
30.4%
ROE
22.4%
Debt / Equity
0.0
Interest coverage
—
Dividend yield
0.2%
ROE 3y average
27.0%
ROE last year
23.0%

Annual P&L

Annual revenue
₹139 Cr
Annual profit
₹43 Cr
Operating margin
43.0%
Net profit margin
30.9%
EBITDA margin
43.2%
Sales growth 3y
14.3%
Sales growth 5y
42.1%
Profit growth 3y
23.0%
Profit growth 5y
59.0%
EPS
₹333
Sales growth TTM
8.0%
Profit growth TTM
-1.0%
Dividend payout
8.0%

Quarter P&L

Sales latest quarter
₹34 Cr
Profit latest quarter
₹8 Cr
YoY quarterly sales growth
35.5%
YoY quarterly profit growth
8.8%
OPM latest quarter
36.9%

Balance Sheet

Book Value
₹1,631
Face Value
₹10.0
Total debt
₹4 Cr
Total cash
—
Borrowings
₹4 Cr
Reserves / Equity
211.0

Cash Flow

Operating cash flow
₹49 Cr
Free cash flow
-₹11 Cr
FCF yield
-0.8%
Net cash flow
-₹14 Cr

Shareholding

Promoter holding
62.6%
FII holding
0.0%
DII holding
0.1%
Public holding
37.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Indian Hotels Co718.6052.71,02,2880.45390.820.82,339.214.617.1
ITC Hotels158.3535.932,9850.63181.935.4936.014.811.2
Leela Palaces Hotels576.2543.019,2440.0048.8456.4352.028.18.7
EIH295.8525.518,5010.50120.3-1.9657.014.520.7
Chalet Hotels832.6034.018,2330.2486.1-54.4512.3-42.717.0
Ventive Hospital545.2026.312,7330.00124.2199.8542.87.010.8
Lemon Tree Hotel107.1033.18,4850.0057.320.1344.69.114.1
Benares Hotels10,200.0030.11,3260.248.38.833.935.529.8
Median195.4027.07210.006.720.870.610.610.8

Competes with: Chalet Hotels Limited, EIH Limited, ITC Hotels Limited, Leela Palaces Hotels & Resorts Limited, Lemon Tree Hotels Limited, The Indian Hotels Company Limited, Ventive Hospitality Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales25263436232439492524424934
Expenses16161820141420271516222721
Material Cost2.56
Change in Inventories0
Purchases of Stock-in-Trade0
Employee Cost5.27
Other Expenses14
Operating Profit9.401016168.84101922108.24202212
OPM %37394745384148444034474537
Other Income0.640.670.861.061.351.241.231.381.781.620.901.341.33
Exceptional items (within Other Income)0
Interest0.090.090.090.090.090.100.100.090.100.100.100.100.12
Depreciation1.491.481.491.451.491.531.491.521.511.511.452.342.63
Profit before tax8.469.1215158.619.681821108.25192111
Tax %26252525252626252626252625
Net Profit6.306.8411126.437.2014167.586.0814158.25
EPS in Rs485387894955104123584710911863

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales475050476064245093121135139148
Expenses31353636424324355769767986
Operating Profit1615141117210153651596062
OPM %3430282429331.60293943444342
Other Income11211-01013565
Interest0000111100000
Depreciation3354567666678
Profit before tax14131181214-783148585859
Tax %353637172821-252725252626
Net Profit9876911-562336434344
EPS in Rs716552506782-4043180277333333338
Dividend Payout %2831293022902311988

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
11%
5 years
42%
3 years
14%
TTM
8%

Compounded profit growth

10 years
18%
5 years
59%
3 years
23%
TTM
-1%

Stock price CAGR

10 years
25%
5 years
44%
3 years
21%
1 year
7%

Return on equity

10 years
19%
5 years
24%
3 years
27%
Last year
23%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111
Reserves485660647077717798132171211
Borrowings000559944444
Other Liabilities141418192018101417191940
Total Liabilities63717989971059195120156195257
Fixed Assets4443415481918478737170157
CWIP13415100015191
Investments000000000000
Other Assets192534201414717477910699
Total Assets63717989971059195120156195257

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1310119161721628414249
Cash from Investing Activity-7-6-12-8-16-13-1-11-17-25-43-59
Cash from Financing Activity-3-3-33-3-3-2-6-2-3-4-4
Net Cash Flow40-43-41-1-0912-5-14
Free Cash Flow268-19-12116262924-11

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days192731312725121017151115
Inventory Days858585927962109
Days Payable299285367446429333235
Cash Conversion Cycle-195-173-251-323-323-246-1141017151115
Working Capital Days92955-76-65-48-112-28-9-8-0-47
ROCE %312518121718-71034413730

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters636363636163636363636363
FIIs000.010.010.010.010.010.010.010.020.020.02
DIIs00000000.020.020.010.010.05
Public373737373937373737373737
No. of Shareholders4,9975,6016,3406,5816,6006,5726,6076,8106,9796,7376,6476,717

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +8.9% (₹9,374.35 → ₹10,211.00)Brick size ₹248.89 (fixed)Bricks 9
₹9,500₹10,000₹10,500₹11,000₹10,211Apr '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹10,211.00 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

News

News and filings about Benares Hotels Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Services
Industry
Hotels & Resorts
Classification
Consumer Services › Hotels & Resorts
ISIN
INE664D01019

News impact

Big market events that reach Benares Hotels Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

No dividends, splits or big trades on record.

Documents

Annual reports, results presentations and earnings calls, straight from the source.

No documents on record yet.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.