Benares Hotels Ltd.

•

benareshotelslimited.comBSE: -NSE: BENARAS

Market Cap₹ 1,392 Cr.

Current Price

High / Low₹ 11,200 / 9,965

Stock P/E31.7

Book Value₹ 1,699

Price to Book5.70

Dividend Yield0.23 %

ROCE30.3 %

ROE22.4 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 36.7%
Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
Company has delivered good sales growth of 41.8% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.07x)

CONS

Receivables are growing faster than sales - a possible quality concern
Stock is trading at 5.7x its book value
Though reporting repeated profits, the company pays out little dividend (7.5%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesHospitalityHotel, Resort & Restaurants

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	INDHOTEL	720.50	47.79	102558.29	0.45	390.81	18.67	2339.19	14.61	25.70	28.75
2.	ITCHOTELS	154.10	37.15	32099.12	0.65	181.91	36.05	936.02	15.71	10.54	31.62
3.	CHALET	877.50	36.39	19216.73	0.23	86.12	-57.60	512.27	-42.73	17.19	45.68
4.	THELEELA	553.65	41.72	18489.58	0.00	48.76	460.27	351.96	28.08	8.97	36.30
5.	EIHOTEL	285.90	25.13	17879.16	0.52	120.31	226.22	656.96	14.54	19.68	26.02
6.	VENTIVE	569.70	27.75	13304.87	0.00	124.18	227.44	542.80	6.97	13.15	35.30
7.	LEMONTREE	105.65	35.65	8370.08	0.00	57.34	19.21	344.61	9.13	18.72	43.36
8.	ITDC	669.05	69.69	5738.40	0.44	9.39	-3.63	90.10	2.68	29.05	9.25
9.	JUNIPER	227.55	30.52	5063.04	0.00	33.26	269.47	249.53	13.04	7.85	34.56
10.	MHRIL	196.95	75.12	3979.74	0.00	-8.56	-219.39	732.81	4.48	42.30	15.36
11.	SAMHI	160.20	7.07	3562.20	0.00	24.93	29.72	305.21	12.12	12.38	32.18
12.	BENARAS	10710.40	31.71	1392.35	0.23	8.25	8.83	33.89	35.45	30.34	36.89

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	25	26	34	36	23	24	39	49	25	24	42	49	34
	16	16	18	20	14	14	20	27	15	16	22	27	24
Operating Profit	9	10	16	16	9	10	19	22	10	8	20	22	10
OPM %	36.91%	38.69%	47.19%	44.55%	38.43%	41.11%	48.08%	44.20%	40.09%	34.48%	46.94%	44.90%	28.76%
	1	1	1	1	1	1	1	1	2	2	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	2	1	2	2	2	1	2	3
Profit before Tax	8	9	15	15	9	10	18	21	10	8	19	21	11
Tax %	25.50%	25.08%	25.25%	24.53%	25.20%	25.62%	26.02%	25.31%	25.59%	26.39%	24.63%	26.00%	25.51%
Net Profit	6	7	11	12	6	7	14	16	8	6	14	15	8
	48.47	52.64	86.96	89.18	49.48	55.41	104.31	123.49	58.32	46.76	109.48	118.05	63.45

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	50	47	60	64	24	50	93	121	135	139	148
	36	36	42	43	24	35	57	69	76	80	89
Operating Profit	14	11	17	21	0	15	36	51	59	59	59
OPM %	27.87%	23.82%	29.25%	32.61%	1.62%	29.11%	38.74%	42.41%	43.79%	42.27%	40.09%
	2	1	1	0	1	0	2	3	5	6	5
Interest	0	0	1	1	1	1	0	0	0	0	0
Depreciation	5	4	5	6	7	6	6	6	6	7	8
Profit before Tax	11	8	12	13	-7	8	31	48	58	58	59
Tax %	36.49%	17.40%	28.37%	21.37%	24.97%	26.67%	25.26%	25.05%	25.57%	25.53%	25.52%
Net Profit	7	6	9	11	-5	6	23	36	43	43	44
EPS	52.44	49.87	67.10	81.63	-40.22	43.48	179.85	277.25	332.69	332.61	—
Dividend Payout %	28.61%	30.08%	22.35%	9.19%	0.00%	23.00%	11.12%	9.02%	7.51%	7.52%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 42%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: —
3 Years:: 23%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 23%
3 Years:: 27%
Last Year:: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1	1	1	1	1	1	1	1	1	1
	60	64	70	77	71	77	98	132	171	211
	0	5	5	9	9	4	4	4	4	4
Trade Payables	5	6	7	6	2	3	5	7	5	9
	13	13	13	12	8	11	11	13	14	32
Total Liabilities	79	89	97	105	91	95	120	156	195	257
	41	54	81	91	84	78	73	71	70	157
Capital Work in Progress	4	15	1	0	0	0	1	5	19	1
	1	1	1	1	1	1	1	1	1	2
	0	0	0	0	0	0	0	5	4	6
Cash & Bank	12	6	3	2	2	7	30	50	90	81
	21	13	10	11	4	9	15	23	11	11
Total Assets	79	89	97	105	91	95	120	156	195	257

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	13	11	18	20	1	17	35	41	42	49
Cash from Investing	-12	-8	-16	-13	-1	-11	-17	-25	-43	-59
Cash from Financing	-3	3	-3	-3	-2	-6	-2	-3	-4	-4
	-4	3	-4	1	-1	-0	9	12	-5	-14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.57	61.19	62.58	62.58	62.58	62.58	62.58	62.58	62.58
	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02
	0.00	0.00	0.00	0.00	0.02	0.02	0.01	0.01	0.05
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	37.42	38.81	37.42	37.41	37.40	37.40	37.40	37.40	37.35

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for BENARAS

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AI Stock Analyst

Benares Hotels Ltd.

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Name

INDHOTEL

720.50

47.79

102558.29

0.45

390.81

18.67

2339.19

14.61

25.70

28.75

ITCHOTELS

154.10

37.15

32099.12

0.65

181.91

36.05

936.02

15.71

10.54

31.62

CHALET

877.50

36.39

19216.73

0.23

86.12

-57.60

512.27

-42.73

17.19

45.68

THELEELA

553.65

41.72

18489.58

0.00

48.76

460.27

351.96

28.08

8.97

36.30

EIHOTEL

285.90

25.13

17879.16

0.52

120.31

226.22

656.96

14.54

19.68

26.02

VENTIVE

569.70

27.75

13304.87

0.00

124.18

227.44

542.80

6.97

13.15

35.30

LEMONTREE

105.65

35.65

8370.08

0.00

57.34

19.21

344.61

9.13

18.72

43.36

ITDC

669.05

69.69

5738.40

0.44

9.39

-3.63

90.10

2.68

29.05

9.25

JUNIPER

227.55

30.52

5063.04

0.00

33.26

269.47

249.53

13.04

7.85

34.56

MHRIL

196.95

75.12

3979.74

0.00

-8.56

-219.39

732.81

4.48

42.30

15.36

SAMHI

160.20

7.07

3562.20

0.00

24.93

29.72

305.21

12.12

12.38

32.18

BENARAS

10710.40

31.71

1392.35

0.23

8.25

8.83

33.89

35.45

30.34

36.89

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

OPM %

36.91%

38.69%

47.19%

44.55%

38.43%

41.11%

48.08%

44.20%

40.09%

34.48%

46.94%

44.90%

28.76%

Interest

Depreciation

Profit before Tax

Tax %

25.50%

25.08%

25.25%

24.53%

25.20%

25.62%

26.02%

25.31%

25.59%

26.39%

24.63%

26.00%

25.51%

Net Profit

48.47

52.64

86.96

89.18

49.48

55.41

104.31

123.49

58.32

46.76

109.48

118.05

63.45

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

121

135

139

148

Operating Profit

OPM %

27.87%

23.82%

29.25%

32.61%

1.62%

29.11%

38.74%

42.41%

43.79%

42.27%

40.09%

Interest

Depreciation

Profit before Tax

-7

Tax %

36.49%

17.40%

28.37%

21.37%

24.97%

26.67%

25.26%

25.05%

25.57%

25.53%

25.52%

Net Profit

-5

EPS

52.44

49.87

67.10

81.63

-40.22

43.48

179.85

277.25

332.69

332.61

—

Dividend Payout %

28.61%

30.08%

22.35%

9.19%

0.00%

23.00%

11.12%

9.02%

7.51%

7.52%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

132

171

211

Trade Payables

Total Liabilities

105

120

156

195

257

157

Capital Work in Progress

Cash & Bank

Total Assets

105

120

156

195

257

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Cash from Investing

-12

-8

-16

-13

-1

-11

-17

-25

-43

-59

Cash from Financing

-3

-2

-6

-2

-3

-4

-1

-0

-5

-14

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

62.57

61.19

62.58

0.01

0.02

0.00

0.02

0.01

0.05

Government

0.00

37.42

38.81

37.42

37.41

37.40

37.35

Benares Hotels Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Benares Hotels Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI