Krishna GVK Luxury Hotels Ltd.
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ABOUT
AI Sector View
AI GENERATEDConsumer Services
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.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 21.7%
- Company has delivered good sales growth of 38.2% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.35x)
- Working capital cycle has improved - days down from 26 to 6
- Company comfortably covers its interest (34.9x coverage)
CONS
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 26.8% versus prior year
- Operating margins have contracted to 31.0% from 38.5%
- Though reporting repeated profits, the company pays out little dividend (10.7%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| 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 | -85.59 | -1293.89 | 7328.14 | 944.78 | 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 |
| TAJGVK | 343.00 | 5.28 | 2150.66 | 0.58 | 31.66 | -22.97 | 165.00 | 55.09 | 49.36 | 30.35 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 92 | 89 | 111 | 116 | 93 | 105 | 127 | 125 | 106 | 107 | 136 | 124 | 109 | |
| 65 | 68 | 71 | 75 | 66 | 76 | 77 | 92 | 75 | 74 | 94 | 85 | 83 | |
| Operating Profit | 26 | 22 | 40 | 41 | 27 | 29 | 50 | 33 | 32 | 34 | 42 | 39 | 26 |
| OPM % | 28.58% | 24.18% | 36.31% | 35.30% | 28.77% | 28.02% | 39.08% | 26.63% | 29.95% | 31.39% | 30.93% | 31.57% | 23.68% |
| 0 | 1 | 1 | 1 | 2 | 2 | 2 | 6 | 22 | 2 | 2 | 2 | 0 | |
| Interest | 3 | 3 | 3 | 3 | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before Tax | 19 | 16 | 35 | 35 | 23 | 26 | 46 | 34 | 49 | 32 | 40 | 37 | 26 |
| Tax % | 31.87% | 30.18% | 30.07% | 26.35% | 44.23% | 23.98% | 26.07% | 16.15% | 26.61% | 25.37% | 26.93% | 24.61% | 28.33% |
| Net Profit | 13 | 11 | 24 | 26 | 13 | 20 | 34 | 29 | 36 | 24 | 29 | 28 | 19 |
| 2.11 | 1.78 | 3.86 | 4.12 | 2.03 | 3.13 | 5.40 | 4.48 | 5.78 | 3.75 | 4.64 | 4.35 | 2.98 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 264 | 288 | 317 | 313 | 94 | 227 | 384 | 408 | 450 | 474 | 477 | |
| 207 | 217 | 248 | 238 | 96 | 175 | 265 | 279 | 311 | 327 | 336 | |
| Operating Profit | 58 | 72 | 69 | 74 | -2 | 52 | 119 | 129 | 139 | 147 | 141 |
| OPM % | 21.90% | 24.85% | 21.84% | 23.71% | -2.31% | 22.76% | 31.01% | 31.63% | 30.91% | 30.98% | 29.54% |
| 8 | 3 | 7 | 1 | 3 | 1 | 29 | 3 | 12 | 28 | 7 | |
| Interest | 29 | 25 | 22 | 23 | 20 | 19 | 15 | 13 | 9 | 5 | 5 |
| Depreciation | 18 | 17 | 17 | 17 | 17 | 16 | 15 | 14 | 13 | 13 | 13 |
| Profit before Tax | 19 | 32 | 38 | 36 | -36 | 19 | 118 | 105 | 129 | 158 | 135 |
| Tax % | 44.30% | 34.38% | 36.23% | 33.64% | 26.53% | 47.12% | 32.18% | 29.17% | 26.24% | 25.97% | 26.19% |
| Net Profit | 10 | 21 | 24 | 24 | -26 | 10 | 80 | 74 | 95 | 117 | 99 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -4.17 | 1.55 | 12.68 | 11.87 | 15.13 | 18.66 | — |
| Dividend Payout % | 24.16% | 17.91% | 15.47% | 0.00% | 0.00% | 0.00% | 7.86% | 12.64% | 13.22% | 10.72% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 38%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 30%
- 5 Years:
- —
- 3 Years:
- 14%
STOCK PRICE CAGR
- 10 Years:
- 10%
- 5 Years:
- 20%
- 3 Years:
- 13%
- 1 Year:
- -24%
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 14%
- 3 Years:
- 16%
- Last Year:
- 17%
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 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| 350 | 368 | 388 | 399 | 372 | 382 | 462 | 530 | 615 | 718 | |
| 256 | 229 | 199 | 211 | 222 | 211 | 138 | 74 | 44 | 99 | |
| Trade Payables | 48 | 62 | 43 | 45 | 49 | 54 | 73 | 74 | 91 | 69 |
| 71 | 76 | 77 | 76 | 66 | 72 | 85 | 122 | 89 | 144 | |
| Total Liabilities | 738 | 748 | 719 | 743 | 723 | 731 | 770 | 812 | 852 | 1,043 |
| 440 | 427 | 416 | 436 | 423 | 409 | 455 | 442 | 433 | 424 | |
| Capital Work in Progress | 77 | 81 | 92 | 91 | 87 | 86 | 43 | 79 | 116 | 298 |
| 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 126 | |
| 9 | 9 | 8 | 8 | 7 | 7 | 8 | 7 | 8 | 10 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 | 18 | 36 | |
| Cash & Bank | 4 | 15 | 2 | 8 | 11 | 34 | 38 | 73 | 70 | 93 |
| 98 | 106 | 92 | 90 | 84 | 85 | 116 | 82 | 97 | 56 | |
| Total Assets | 738 | 748 | 719 | 743 | 723 | 731 | 770 | 812 | 852 | 1,043 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 60 | 73 | 63 | 77 | 6 | 54 | 120 | 123 | 116 | 146 | |
| Cash from Investing | -11 | -8 | -16 | -3 | -0 | 1 | -17 | -99 | -19 | -202 |
| Cash from Financing | -47 | -55 | -56 | -66 | -2 | -31 | -79 | -52 | -84 | 54 |
| 2 | 11 | -13 | 6 | 3 | 23 | 4 | -28 | 13 | -2 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Taj GVK Hotels & Resorts Limited has informed the Exchange about General Updates
2026-09-09 - Taj GVK Hotels & Resorts Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 09, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-08-18 - Taj GVK Hotels & Resorts Limited has informed the Exchange about General Updates Board Approval intimation regarding reclassification
2026-08-18 - Taj GVK Hotels & Resorts Limited has informed the Exchange about General Updates regarding Promoter Reclassification intimation
2026-08-15 - Taj GVK Hotels & Resorts Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Taj GVK Hotels & Resorts Limited has informed the Exchange about General Updates
2026-08-13 - Taj GVK Hotels & Resorts Limited has informed the Exchange about General Updates BRSR of the company for the FY 202526
2026-08-13 - Taj GVK Hotels & Resorts Limited has informed the Exchange that Record date for the purpose of Dividend is 01-Sep-2026.
2026-08-13 - Taj GVK Hotels & Resorts Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 09, 2026
News
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Krishna GVK Luxury Hotels Ltd.
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