Krishna GVK Luxury Hotels Ltd.

•

₹ 350.40.72%

2026-08-21

tajgvk.inBSE: 532390NSE: TAJGVK

Market Cap₹ 2,182 Cr.

Current Price₹ 350

High / Low₹ 513 / 281

Stock P/E0.0

Book Value₹ 120

Price to Book2.57

Dividend Yield0.57 %

ROCE22.8 %

ROE17.2 %

Face Value₹ 2

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ABOUT

KEY POINTS

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

EDIT COLUMNS

Consumer ServicesHospitalityHotel, Resort & Restaurants

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	INDHOTEL	734.00	48.69	104479.93	0.44	390.81	18.67	2339.19	14.61	25.70	28.75
2.	ITCHOTELS	166.40	40.12	34661.22	0.60	181.91	36.05	936.02	15.71	10.54	31.62
3.	EIHOTEL	300.40	26.40	18785.94	0.50	120.31	226.22	656.96	14.54	19.68	26.02
4.	CHALET	854.25	35.42	18707.57	0.23	86.12	-57.60	512.27	-42.73	11.41	45.68
5.	THELEELA	539.90	40.69	18030.39	0.00	48.76	460.27	351.96	28.08	8.97	36.30
6.	VENTIVE	576.45	28.08	13462.51	0.00	124.18	227.44	542.80	6.97	13.15	35.30
7.	LEMONTREE	108.00	36.44	8556.26	0.00	57.34	19.21	344.61	9.13	17.75	43.36
8.	ITDC	687.35	71.59	5895.36	0.43	9.39	-3.63	90.10	2.68	29.74	9.25
9.	JUNIPER	205.20	27.53	4565.75	0.00	33.26	269.47	249.53	13.04	7.85	34.56
10.	MHRIL	220.40	84.06	4453.32	0.00	-85.59	-1293.89	7328.14	944.78	42.30	15.36
11.	SAMHI	160.35	7.08	3565.54	0.00	24.93	29.72	305.21	12.12	12.38	32.18
12.	TAJGVK	348.00	5.36	2182.01	0.57	31.66	-22.97	165.00	55.09	49.36	30.35

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
	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	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	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
	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	2	4	4	2	3	5	4	6	4	5	4	0
Equity Capital	13	13	13	13	13	13	13	13	13	13	13	13	13
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	13	13	13	13	13	13	13	13	13	13	13	13	13
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 92
: 65
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 4
: 19
Tax %: 31.87%
Net Profit: 13
: 2
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 89
: 68
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 4
: 16
Tax %: 30.18%
Net Profit: 11
: 2
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 111
: 71
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 3
: 35
Tax %: 30.07%
Net Profit: 24
: 4
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 116
: 75
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 3
: 35
Tax %: 26.35%
Net Profit: 26
: 4
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 93
: 66
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 3
: 23
Tax %: 44.23%
Net Profit: 13
: 2
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 105
: 76
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 3
Depreciation: 3
: 26
Tax %: 23.98%
Net Profit: 20
: 3
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 127
: 77
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 3
: 46
Tax %: 26.07%
Net Profit: 34
: 5
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 125
: 92
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 2
Depreciation: 3
: 34
Tax %: 16.15%
Net Profit: 29
: 4
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 106
: 75
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 1
Depreciation: 3
: 49
Tax %: 26.61%
Net Profit: 36
: 6
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 107
: 74
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 3
: 32
Tax %: 25.37%
Net Profit: 24
: 4
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 136
: 94
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 3
: 40
Tax %: 26.93%
Net Profit: 29
: 5
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 124
: 85
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 3
: 37
Tax %: 24.61%
Net Profit: 28
: 4
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 109
: 83
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 3
: 26
Tax %: 28.33%
Net Profit: 19
: 0
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

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	63	74	76	75	0	53	148	132	151	175	—
OPM %	24	26	24	24	0	23	39	32	34	37	—
Other Income	5	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
	19	32	38	36	-36	19	118	105	129	158	135
Tax %	44	34	36	34	27	47	32	29	26	26	26
Net Profit	10	21	24	24	-26	10	80	74	95	117	99
EPS	0	0	0	0	-4	2	13	12	15	19	—
Dividend Payout %	24	18	15	0	0	0	8	13	13	11	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	3	4	4	-4	2	13	12	15	19	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	3	4	4	-4	2	13	12	15	19	—

Mar 2017

: 264
: 207
Operating Profit: 63
OPM %: 24
Other Income: 5
Interest: 29
Depreciation: 18
: 19
Tax %: 44
Net Profit: 10
EPS: 0
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2018

: 288
: 217
Operating Profit: 74
OPM %: 26
Other Income: 3
Interest: 25
Depreciation: 17
: 32
Tax %: 34
Net Profit: 21
EPS: 0
Dividend Payout %: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2019

: 317
: 248
Operating Profit: 76
OPM %: 24
Other Income: 7
Interest: 22
Depreciation: 17
: 38
Tax %: 36
Net Profit: 24
EPS: 0
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2020

: 313
: 238
Operating Profit: 75
OPM %: 24
Other Income: 1
Interest: 23
Depreciation: 17
: 36
Tax %: 34
Net Profit: 24
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2021

: 94
: 96
Operating Profit: 0
OPM %: 0
Other Income: 3
Interest: 20
Depreciation: 17
: -36
Tax %: 27
Net Profit: -26
EPS: -4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4

Mar 2022

: 227
: 175
Operating Profit: 53
OPM %: 23
Other Income: 1
Interest: 19
Depreciation: 16
: 19
Tax %: 47
Net Profit: 10
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 384
: 265
Operating Profit: 148
OPM %: 39
Other Income: 29
Interest: 15
Depreciation: 15
: 118
Tax %: 32
Net Profit: 80
EPS: 13
Dividend Payout %: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

Mar 2024

: 408
: 279
Operating Profit: 132
OPM %: 32
Other Income: 3
Interest: 13
Depreciation: 14
: 105
Tax %: 29
Net Profit: 74
EPS: 12
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12

Mar 2025

: 450
: 311
Operating Profit: 151
OPM %: 34
Other Income: 12
Interest: 9
Depreciation: 13
: 129
Tax %: 26
Net Profit: 95
EPS: 15
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2026

: 474
: 327
Operating Profit: 175
OPM %: 37
Other Income: 28
Interest: 5
Depreciation: 13
: 158
Tax %: 26
Net Profit: 117
EPS: 19
Dividend Payout %: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19

TTM

: 477
: 336
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 5
Depreciation: 13
: 135
Tax %: 26
Net Profit: 99
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

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:: 9%
5 Years:: 23%
3 Years:: 15%
1 Year:: -21%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	13	13	13	13	13	13	13	13	13	13
	350	368	388	399	372	382	462	530	615	718
	28	31	37	25	44	52	29	0	0	0
Trade Payables	48	62	43	45	49	54	73	74	91	69
	300	274	239	262	244	231	194	196	134	243
Total Liabilities	738	748	719	743	723	731	770	812	852	1,043
ASSETS	-	-	-	-	-	-	-	-	-	-
	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
Total Debt	255	227	197	165	181	170	97	64	0	69
Net Working Capital	-44	-47	-51	-34	-62	-48	0	17	31	8
Contingent Liabilities	35	35	36	36	34	55	52	52	50	50
Book Value per Share	57.75	60.70	63.88	65.57	61.41	62.95	75.63	86.50	100.04	116.55
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	255	227	197	165	181	170	97	64	0	69
Net Working Capital	-44	-47	-51	-34	-62	-48	0	17	31	8
Contingent Liabilities	35	35	36	36	34	55	52	52	50	50
Book Value per Share	57.75	60.70	63.88	65.57	61.41	62.95	75.63	86.50	100.04	116.55
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2017

Equity Capital: 13
: 350
: 28
Trade Payables: 48
: 300
Total Liabilities: 738
: 440
Capital Work in Progress: 77
: 110
: 9
: 0
Cash & Bank: 4
: 98
Total Assets: 738
Total Debt: 255
Net Working Capital: -44
Contingent Liabilities: 35
Book Value per Share: 57.75
Face Value: 2.00
Total Debt: 255
Net Working Capital: -44
Contingent Liabilities: 35
Book Value per Share: 57.75
Face Value: 2.00

Mar 2018

Equity Capital: 13
: 368
: 31
Trade Payables: 62
: 274
Total Liabilities: 748
: 427
Capital Work in Progress: 81
: 110
: 9
: 0
Cash & Bank: 15
: 106
Total Assets: 748
Total Debt: 227
Net Working Capital: -47
Contingent Liabilities: 35
Book Value per Share: 60.70
Face Value: 2.00
Total Debt: 227
Net Working Capital: -47
Contingent Liabilities: 35
Book Value per Share: 60.70
Face Value: 2.00

Mar 2019

Equity Capital: 13
: 388
: 37
Trade Payables: 43
: 239
Total Liabilities: 719
: 416
Capital Work in Progress: 92
: 110
: 8
: 0
Cash & Bank: 2
: 92
Total Assets: 719
Total Debt: 197
Net Working Capital: -51
Contingent Liabilities: 36
Book Value per Share: 63.88
Face Value: 2.00
Total Debt: 197
Net Working Capital: -51
Contingent Liabilities: 36
Book Value per Share: 63.88
Face Value: 2.00

Mar 2020

Equity Capital: 13
: 399
: 25
Trade Payables: 45
: 262
Total Liabilities: 743
: 436
Capital Work in Progress: 91
: 110
: 8
: 0
Cash & Bank: 8
: 90
Total Assets: 743
Total Debt: 165
Net Working Capital: -34
Contingent Liabilities: 36
Book Value per Share: 65.57
Face Value: 2.00
Total Debt: 165
Net Working Capital: -34
Contingent Liabilities: 36
Book Value per Share: 65.57
Face Value: 2.00

Mar 2021

Equity Capital: 13
: 372
: 44
Trade Payables: 49
: 244
Total Liabilities: 723
: 423
Capital Work in Progress: 87
: 110
: 7
: 0
Cash & Bank: 11
: 84
Total Assets: 723
Total Debt: 181
Net Working Capital: -62
Contingent Liabilities: 34
Book Value per Share: 61.41
Face Value: 2.00
Total Debt: 181
Net Working Capital: -62
Contingent Liabilities: 34
Book Value per Share: 61.41
Face Value: 2.00

Mar 2022

Equity Capital: 13
: 382
: 52
Trade Payables: 54
: 231
Total Liabilities: 731
: 409
Capital Work in Progress: 86
: 110
: 7
: 0
Cash & Bank: 34
: 85
Total Assets: 731
Total Debt: 170
Net Working Capital: -48
Contingent Liabilities: 55
Book Value per Share: 62.95
Face Value: 2.00
Total Debt: 170
Net Working Capital: -48
Contingent Liabilities: 55
Book Value per Share: 62.95
Face Value: 2.00

Mar 2023

Equity Capital: 13
: 462
: 29
Trade Payables: 73
: 194
Total Liabilities: 770
: 455
Capital Work in Progress: 43
: 110
: 8
: 0
Cash & Bank: 38
: 116
Total Assets: 770
Total Debt: 97
Net Working Capital: 0
Contingent Liabilities: 52
Book Value per Share: 75.63
Face Value: 2.00
Total Debt: 97
Net Working Capital: 0
Contingent Liabilities: 52
Book Value per Share: 75.63
Face Value: 2.00

Mar 2024

Equity Capital: 13
: 530
: 0
Trade Payables: 74
: 196
Total Liabilities: 812
: 442
Capital Work in Progress: 79
: 110
: 7
: 19
Cash & Bank: 73
: 82
Total Assets: 812
Total Debt: 64
Net Working Capital: 17
Contingent Liabilities: 52
Book Value per Share: 86.50
Face Value: 2.00
Total Debt: 64
Net Working Capital: 17
Contingent Liabilities: 52
Book Value per Share: 86.50
Face Value: 2.00

Mar 2025

Equity Capital: 13
: 615
: 0
Trade Payables: 91
: 134
Total Liabilities: 852
: 433
Capital Work in Progress: 116
: 110
: 8
: 18
Cash & Bank: 70
: 97
Total Assets: 852
Total Debt: 0
Net Working Capital: 31
Contingent Liabilities: 50
Book Value per Share: 100.04
Face Value: 2.00
Total Debt: 0
Net Working Capital: 31
Contingent Liabilities: 50
Book Value per Share: 100.04
Face Value: 2.00

Mar 2026

Equity Capital: 13
: 718
: 0
Trade Payables: 69
: 243
Total Liabilities: 1,043
: 424
Capital Work in Progress: 298
: 126
: 10
: 36
Cash & Bank: 93
: 56
Total Assets: 1,043
Total Debt: 69
Net Working Capital: 8
Contingent Liabilities: 50
Book Value per Share: 116.55
Face Value: 2.00
Total Debt: 69
Net Working Capital: 8
Contingent Liabilities: 50
Book Value per Share: 116.55
Face Value: 2.00

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
	61	75	59	75	5	53	100	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
Free Cash Flow	50	66	43	41	5	53	83	91	63	-40
OCF / Net Profit	5.87	3.55	2.42	3.13	-0.20	5.36	1.25	1.66	1.22	1.25
Cumulative 5-Year FCF	0	0	0	0	206	208	225	273	296	250
OCF / Net Profit	5.87	3.55	2.42	3.13	-0.20	5.36	1.25	1.66	1.22	1.25
Cumulative 5-Year FCF	0	0	0	0	206	208	225	273	296	250

Mar 2017

: 61
Cash from Investing: -11
Cash from Financing: -47
: 2
Free Cash Flow: 50
OCF / Net Profit: 5.87
Cumulative 5-Year FCF: 0
OCF / Net Profit: 5.87
Cumulative 5-Year FCF: 0

Mar 2018

: 75
Cash from Investing: -8
Cash from Financing: -55
: 11
Free Cash Flow: 66
OCF / Net Profit: 3.55
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.55
Cumulative 5-Year FCF: 0

Mar 2019

: 59
Cash from Investing: -16
Cash from Financing: -56
: -13
Free Cash Flow: 43
OCF / Net Profit: 2.42
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.42
Cumulative 5-Year FCF: 0

Mar 2020

: 75
Cash from Investing: -3
Cash from Financing: -66
: 6
Free Cash Flow: 41
OCF / Net Profit: 3.13
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.13
Cumulative 5-Year FCF: 0

Mar 2021

: 5
Cash from Investing: -0
Cash from Financing: -2
: 3
Free Cash Flow: 5
OCF / Net Profit: -0.20
Cumulative 5-Year FCF: 206
OCF / Net Profit: -0.20
Cumulative 5-Year FCF: 206

Mar 2022

: 53
Cash from Investing: 1
Cash from Financing: -31
: 23
Free Cash Flow: 53
OCF / Net Profit: 5.36
Cumulative 5-Year FCF: 208
OCF / Net Profit: 5.36
Cumulative 5-Year FCF: 208

Mar 2023

: 100
Cash from Investing: -17
Cash from Financing: -79
: 4
Free Cash Flow: 83
OCF / Net Profit: 1.25
Cumulative 5-Year FCF: 225
OCF / Net Profit: 1.25
Cumulative 5-Year FCF: 225

Mar 2024

: 123
Cash from Investing: -99
Cash from Financing: -52
: -28
Free Cash Flow: 91
OCF / Net Profit: 1.66
Cumulative 5-Year FCF: 273
OCF / Net Profit: 1.66
Cumulative 5-Year FCF: 273

Mar 2025

: 116
Cash from Investing: -19
Cash from Financing: -84
: 13
Free Cash Flow: 63
OCF / Net Profit: 1.22
Cumulative 5-Year FCF: 296
OCF / Net Profit: 1.22
Cumulative 5-Year FCF: 296

Mar 2026

: 146
Cash from Investing: -202
Cash from Financing: 54
: -2
Free Cash Flow: -40
OCF / Net Profit: 1.25
Cumulative 5-Year FCF: 250
OCF / Net Profit: 1.25
Cumulative 5-Year FCF: 250

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
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	1.66	3.35	3.88	3.80	-4.22	1.58	12.73	11.87	15.13	18.66
Book Value (₹)	57.75	60.70	63.88	65.57	61.41	62.95	75.63	86.50	100.04	116.55
Dividend per Share (₹)	0.40	0.60	0.60	0.00	0.00	0.00	1.00	1.50	2.00	2.00
Cash EPS (₹)	4.55	6.10	6.54	6.48	-1.58	4.06	15.06	14.09	17.23	20.67
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	23.89%	25.76%	24.11%	24.11%	0.50%	23.28%	38.51%	31.63%	30.91%	30.98%
Net Margin %	3.92%	7.29%	7.67%	7.63%	-28.08%	4.36%	20.81%	18.24%	21.09%	24.67%
ROE %	2.90%	5.66%	6.22%	5.88%	-6.64%	2.54%	18.37%	14.64%	16.22%	17.23%
ROCE %	7.68%	9.30%	9.91%	9.98%	-2.82%	6.60%	23.45%	20.04%	22.28%	22.80%
	1.41%	2.83%	3.31%	3.26%	-3.61%	1.36%	10.63%	9.40%	11.40%	12.34%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	17	19	22	20	49	15	16	19	15	21
Inventory Days	12	11	9	9	30	12	7	7	6	7
Payable Days	508	638	553	482	1505	751	611	735	788	713
	-479	-607	-522	-453	-1427	-724	-588	-710	-767	-685
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.70x	0.60x	0.49x	0.40x	0.47x	0.43x	0.20x	0.12x	0.00x	0.09x
Interest Coverage (x)	1.64x	2.28x	2.77x	2.59x	-0.81x	2.01x	8.63x	9.12x	15.53x	34.91x
	0.50x	0.56x	0.46x	0.59x	0.42x	0.60x	1.00x	1.12x	1.26x	1.05x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-1.96%	8.98%	9.93%	-1.34%	-69.88%	141.12%	68.92%	6.36%	10.22%	5.43%
Operating Profit Growth %	-2.84%	17.50%	2.91%	-1.38%	-99.38%	0.00%	179.47%	-10.68%	14.17%	16.37%
Net Profit Growth %	26.44%	102.39%	15.74%	-1.89%	-210.88%	137.45%	705.88%	-6.79%	27.48%	23.32%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.79%	27.48%	23.32%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	32.34x	31.58x	16.05x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.44x	4.78x	2.57x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.39%	0.42%	0.67%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	18.17x	19.42x	10.57x

Mar 2017

EPS (₹): 1.66
Book Value (₹): 57.75
Dividend per Share (₹): 0.40
Cash EPS (₹): 4.55
Operating Margin %: 23.89%
Net Margin %: 3.92%
ROE %: 2.90%
ROCE %: 7.68%
: 1.41%
Debtor Days: 17
Inventory Days: 12
Payable Days: 508
: -479
Debt to Equity (x): 0.70x
Interest Coverage (x): 1.64x
: 0.50x
Revenue Growth %: -1.96%
Operating Profit Growth %: -2.84%
Net Profit Growth %: 26.44%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 3.35
Book Value (₹): 60.70
Dividend per Share (₹): 0.60
Cash EPS (₹): 6.10
Operating Margin %: 25.76%
Net Margin %: 7.29%
ROE %: 5.66%
ROCE %: 9.30%
: 2.83%
Debtor Days: 19
Inventory Days: 11
Payable Days: 638
: -607
Debt to Equity (x): 0.60x
Interest Coverage (x): 2.28x
: 0.56x
Revenue Growth %: 8.98%
Operating Profit Growth %: 17.50%
Net Profit Growth %: 102.39%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 3.88
Book Value (₹): 63.88
Dividend per Share (₹): 0.60
Cash EPS (₹): 6.54
Operating Margin %: 24.11%
Net Margin %: 7.67%
ROE %: 6.22%
ROCE %: 9.91%
: 3.31%
Debtor Days: 22
Inventory Days: 9
Payable Days: 553
: -522
Debt to Equity (x): 0.49x
Interest Coverage (x): 2.77x
: 0.46x
Revenue Growth %: 9.93%
Operating Profit Growth %: 2.91%
Net Profit Growth %: 15.74%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 3.80
Book Value (₹): 65.57
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.48
Operating Margin %: 24.11%
Net Margin %: 7.63%
ROE %: 5.88%
ROCE %: 9.98%
: 3.26%
Debtor Days: 20
Inventory Days: 9
Payable Days: 482
: -453
Debt to Equity (x): 0.40x
Interest Coverage (x): 2.59x
: 0.59x
Revenue Growth %: -1.34%
Operating Profit Growth %: -1.38%
Net Profit Growth %: -1.89%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -4.22
Book Value (₹): 61.41
Dividend per Share (₹): 0.00
Cash EPS (₹): -1.58
Operating Margin %: 0.50%
Net Margin %: -28.08%
ROE %: -6.64%
ROCE %: -2.82%
: -3.61%
Debtor Days: 49
Inventory Days: 30
Payable Days: 1505
: -1427
Debt to Equity (x): 0.47x
Interest Coverage (x): -0.81x
: 0.42x
Revenue Growth %: -69.88%
Operating Profit Growth %: -99.38%
Net Profit Growth %: -210.88%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 1.58
Book Value (₹): 62.95
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.06
Operating Margin %: 23.28%
Net Margin %: 4.36%
ROE %: 2.54%
ROCE %: 6.60%
: 1.36%
Debtor Days: 15
Inventory Days: 12
Payable Days: 751
: -724
Debt to Equity (x): 0.43x
Interest Coverage (x): 2.01x
: 0.60x
Revenue Growth %: 141.12%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 137.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 12.73
Book Value (₹): 75.63
Dividend per Share (₹): 1.00
Cash EPS (₹): 15.06
Operating Margin %: 38.51%
Net Margin %: 20.81%
ROE %: 18.37%
ROCE %: 23.45%
: 10.63%
Debtor Days: 16
Inventory Days: 7
Payable Days: 611
: -588
Debt to Equity (x): 0.20x
Interest Coverage (x): 8.63x
: 1.00x
Revenue Growth %: 68.92%
Operating Profit Growth %: 179.47%
Net Profit Growth %: 705.88%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 11.87
Book Value (₹): 86.50
Dividend per Share (₹): 1.50
Cash EPS (₹): 14.09
Operating Margin %: 31.63%
Net Margin %: 18.24%
ROE %: 14.64%
ROCE %: 20.04%
: 9.40%
Debtor Days: 19
Inventory Days: 7
Payable Days: 735
: -710
Debt to Equity (x): 0.12x
Interest Coverage (x): 9.12x
: 1.12x
Revenue Growth %: 6.36%
Operating Profit Growth %: -10.68%
Net Profit Growth %: -6.79%
: -6.79%
P/E (x): 32.34x
P/B (x): 4.44x
Dividend Yield %: 0.39%
: 18.17x

Mar 2025

EPS (₹): 15.13
Book Value (₹): 100.04
Dividend per Share (₹): 2.00
Cash EPS (₹): 17.23
Operating Margin %: 30.91%
Net Margin %: 21.09%
ROE %: 16.22%
ROCE %: 22.28%
: 11.40%
Debtor Days: 15
Inventory Days: 6
Payable Days: 788
: -767
Debt to Equity (x): 0.00x
Interest Coverage (x): 15.53x
: 1.26x
Revenue Growth %: 10.22%
Operating Profit Growth %: 14.17%
Net Profit Growth %: 27.48%
: 27.48%
P/E (x): 31.58x
P/B (x): 4.78x
Dividend Yield %: 0.42%
: 19.42x

Mar 2026

EPS (₹): 18.66
Book Value (₹): 116.55
Dividend per Share (₹): 2.00
Cash EPS (₹): 20.67
Operating Margin %: 30.98%
Net Margin %: 24.67%
ROE %: 17.23%
ROCE %: 22.80%
: 12.34%
Debtor Days: 21
Inventory Days: 7
Payable Days: 713
: -685
Debt to Equity (x): 0.09x
Interest Coverage (x): 34.91x
: 1.05x
Revenue Growth %: 5.43%
Operating Profit Growth %: 16.37%
Net Profit Growth %: 23.32%
: 23.32%
P/E (x): 16.05x
P/B (x): 2.57x
Dividend Yield %: 0.67%
: 10.57x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.99	74.99	74.99	74.99	74.99	71.00	71.00	71.00
	0.76	1.68	1.75	0.83	1.01	0.92	0.32	0.41
	1.44	2.59	3.96	3.63	1.75	4.02	4.01	4.07
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	22.81	20.73	19.30	20.55	22.26	24.07	24.67	24.51

Sep 2024

: 74.99
: 0.76
: 1.44
Government: 0.00
: 22.81

Dec 2024

: 74.99
: 1.68
: 2.59
Government: 0.00
: 20.73

Mar 2025

: 74.99
: 1.75
: 3.96
Government: 0.00
: 19.30

Jun 2025

: 74.99
: 0.83
: 3.63
Government: 0.00
: 20.55

Sep 2025

: 74.99
: 1.01
: 1.75
Government: 0.00
: 22.26

Dec 2025

: 71.00
: 0.92
: 4.02
Government: 0.00
: 24.07

Mar 2026

: 71.00
: 0.32
: 4.01
Government: 0.00
: 24.67

Jun 2026

: 71.00
: 0.41
: 4.07
Government: 0.00
: 24.51

Documents

Announcements

General Updates
2026-08-18 - Taj GVK Hotels & Resorts Limited has informed the Exchange about General Updates Board Approval intimation regarding reclassification
General Updates
2026-08-18 - Taj GVK Hotels & Resorts Limited has informed the Exchange about General Updates regarding Promoter Reclassification intimation

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Jul 2026
TranscriptPPTREC
May 2026
TranscriptPPTREC