Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 25.90 | 33.61 | 35.58 | 23.00 | 24.47 | 38.87 | 49.12 | 25.01 | 23.90 | 41.63 | 48.60 | 33.89 |
| Expenses | 15.88 | 17.76 | 19.74 | 14.16 | 14.40 | 20.18 | 27.40 | 14.98 | 15.66 | 22.10 | 26.77 | 21.40 |
| Operating Profit | 10.02 | 15.85 | 15.84 | 8.84 | 10.07 | 18.69 | 21.72 | 10.03 | 8.24 | 19.53 | 21.83 | 12.49 |
| OPM % | 38.69% | 47.16% | 44.52% | 38.43% | 41.15% | 48.08% | 44.22% | 40.10% | 34.48% | 46.91% | 44.92% | 36.85% |
| Other Income | 0.67 | 0.86 | 1.06 | 1.35 | 1.24 | 1.23 | 1.38 | 1.78 | 1.62 | 0.90 | 1.34 | 1.33 |
| Interest | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 | 0.10 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.12 |
| Depreciation | 1.48 | 1.49 | 1.45 | 1.49 | 1.53 | 1.49 | 1.52 | 1.51 | 1.51 | 1.45 | 2.34 | 2.63 |
| Profit before tax | 9.12 | 15.13 | 15.36 | 8.61 | 9.68 | 18.33 | 21.49 | 10.20 | 8.25 | 18.88 | 20.73 | 11.07 |
| Tax % | 25.11% | 25.25% | 24.54% | 25.32% | 25.62% | 26.08% | 25.31% | 25.69% | 26.42% | 24.63% | 25.95% | 25.47% |
| Net Profit | 6.84 | 11.30 | 11.59 | 6.43 | 7.20 | 13.56 | 16.05 | 7.58 | 6.08 | 14.23 | 15.35 | 8.25 |
| EPS in Rs | 52.62 | 86.92 | 89.15 | 49.46 | 55.38 | 104.31 | 123.46 | 58.31 | 46.77 | 109.46 | 118.08 | 63.46 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 50 | 50 | 47 | 60 | 64 | 24 | 50 | 93 | 121 | 135 | 139 | 148 |
| Expenses | 35 | 36 | 36 | 42 | 43 | 24 | 35 | 57 | 69 | 76 | 79 | 86 |
| Operating Profit | 15 | 14 | 11 | 17 | 21 | 0 | 15 | 36 | 51 | 59 | 60 | 62 |
| OPM % | 30% | 28% | 24% | 29% | 33% | 1.6% | 29% | 39% | 43% | 44% | 43% | 42% |
| Other Income | 1 | 2 | 1 | 1 | -0 | 1 | 0 | 1 | 3 | 5 | 6 | 5 |
| Interest | -0 | -0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 5 | 4 | 5 | 6 | 7 | 6 | 6 | 6 | 6 | 7 | 8 |
| Profit before tax | 13 | 11 | 8 | 12 | 14 | -7 | 8 | 31 | 48 | 58 | 58 | 59 |
| Tax % | 36% | 37% | 17% | 28% | 21% | -25% | 27% | 25% | 25% | 26% | 26% | |
| Net Profit | 8 | 7 | 6 | 9 | 11 | -5 | 6 | 23 | 36 | 43 | 43 | 44 |
| EPS in Rs | 65.23 | 52.46 | 49.85 | 67.08 | 81.62 | -40.23 | 43.46 | 179.85 | 277.23 | 332.69 | 332.62 | 337.77 |
| Dividend Payout % | 31% | 29% | 30% | 22% | 9% | -0% | 23% | 11% | 9% | 8% | 8% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 11% | 42% | 14% | 8% | ||
| Compounded Profit Growth | 18% | 59% | 23% | -1% | ||
| Stock Price CAGR | 25% | 44% | 20% | 9% | ||
| Return on Equity | 19% | 24% | 27% | 23% |
| Mar 2015 | Mar 2016 | 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 | 1 | 1 |
| Reserves | 48 | 56 | 60 | 64 | 70 | 77 | 71 | 77 | 98 | 132 | 171 | 211 |
| Borrowings | -0 | -0 | -0 | 5 | 5 | 9 | 9 | 4 | 4 | 4 | 4 | 4 |
| Other Liabilities | 14 | 14 | 18 | 19 | 20 | 18 | 10 | 14 | 17 | 19 | 19 | 40 |
| Total Liabilities | 63 | 71 | 79 | 89 | 97 | 105 | 91 | 95 | 120 | 156 | 195 | 257 |
| Fixed Assets | 44 | 43 | 41 | 54 | 81 | 91 | 84 | 78 | 73 | 71 | 70 | 157 |
| CWIP | 1 | 3 | 4 | 15 | 1 | 0 | 0 | 0 | 1 | 5 | 19 | 1 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Other Assets | 19 | 25 | 34 | 20 | 14 | 14 | 7 | 17 | 47 | 79 | 106 | 99 |
| Total Assets | 63 | 71 | 79 | 89 | 97 | 105 | 91 | 95 | 120 | 156 | 195 | 257 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 13 | 10 | 11 | 9 | 16 | 17 | 2 | 16 | 28 | 41 | 42 | 49 |
| Cash from Investing Activity | -7 | -6 | -12 | -8 | -16 | -13 | -1 | -11 | -17 | -25 | -43 | -59 |
| Cash from Financing Activity | -3 | -3 | -3 | 3 | -3 | -3 | -2 | -6 | -2 | -3 | -4 | -4 |
| Net Cash Flow | 4 | 0 | -4 | 3 | -4 | 1 | -1 | -0 | 9 | 12 | -5 | -14 |
| Free Cash Flow | 2 | 6 | 8 | -19 | -1 | 2 | 1 | 16 | 26 | 29 | 24 | -11 |
| CFO/OP | 112% | 84% | 97% | 101% | 105% | 93% | 198% | 115% | 98% | 103% | 96% | 103% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19 | 27 | 31 | 31 | 27 | 25 | 12 | 10 | 17 | 15 | 11 | 15 |
| Inventory Days | 85 | 85 | 85 | 92 | 79 | 62 | 109 | |||||
| Days Payable | 299 | 285 | 367 | 446 | 429 | 333 | 235 | |||||
| Cash Conversion Cycle | -195 | -173 | -251 | -323 | -323 | -246 | -114 | 10 | 17 | 15 | 11 | 15 |
| Working Capital Days | 9 | 29 | 55 | -76 | -65 | -48 | -112 | -28 | -9 | -8 | -0 | -47 |
| ROCE % | 31% | 25% | 18% | 12% | 17% | 18% | -7% | 10% | 34% | 41% | 37% | 30% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 62.57% | 62.57% | 62.57% | 62.57% | 61.19% | 62.58% | 62.58% | 62.58% | 62.58% | 62.58% | 62.58% | 62.58% |
| FIIs | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.02% | 0.02% | 0.02% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.01% | 0.01% | 0.05% |
| Public | 37.42% | 37.43% | 37.43% | 37.42% | 38.82% | 37.42% | 37.41% | 37.40% | 37.40% | 37.40% | 37.41% | 37.35% |
| No. of Shareholders | 4,997 | 5,601 | 6,340 | 6,581 | 6,600 | 6,572 | 6,607 | 6,810 | 6,979 | 6,737 | 6,647 | 6,717 |
Fundamentals
Market Cap₹ 1,328 Cr.
Current Price₹ 10,215
Stock P/E30.2
Book Value₹ 1,636
ROCE29.8 %
ROE22.5 %
Dividend Yield0.24 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)-1%
Standalone figures.
Valuation
Market capRs 1,332 Cr
Enterprise valueRs 1,255 Cr
P/E (TTM)30.34x
Price to book6.27x
Price to sales9.00x
EV / EBITDA18.66x
EV / EBIT21.15x
EV / sales8.48x
Price to cash flow27.34x
Earnings yield3.30%
Dividend yield0.24%
P/E, 3-year average31.00x
P/B, 3-year average7.54x
P/E, 5-year average31.60x
P/B, 5-year average6.05x
Profitability
Operating margin (excl. other income)42.89%
Operating margin (incl. other income)46.90%
EBITDA margin45.45%
Pre-tax margin39.81%
Net profit margin29.66%
Net margin, latest quarter24.34%
ROE22.44%
ROCE29.74%
ROA19.13%
ROE, 3-year average27.23%
ROCE, 3-year average35.81%
ROA, 3-year average23.27%
ROE, 5-year average23.11%
ROCE, 5-year average30.38%
ROA, 5-year average19.52%
ROIC (approx.)32.58%
Tax rate25.54%
Other income / net worth2.62%
Growth
Sales growth (latest year)2.71%
Profit growth (latest year)-0.02%
Sales CAGR, 3 years14.24%
Sales CAGR, 5 years41.84%
Profit CAGR, 3 years22.75%
Sales growth QoQ-30.27%
Profit growth QoQ-46.25%
Sales growth YoY (latest quarter)35.51%
Profit growth YoY (latest quarter)8.84%
Per share
EPS (TTM)Rs 337.77
EPS (latest year)Rs 332.62
EPS (latest quarter)Rs 63.46
EPS, 3-year averageRs 314.18
EPS, 5-year averageRs 233.17
Book value per shareRs 1,635.62
Sales per shareRs 1,138.62
Cash flow per shareRs 374.92
Free cash flow per shareRs -84.62
Dividend per share (latest year)Rs 25.00
Dividend per share, 3-year averageRs 25.00
Dividend per share, 5-year averageRs 21.00
Dividends
Dividend payout7.52%
Dividend payout, 3-year average8.02%
Dividend payout, 5-year average11.64%
Efficiency
Asset turnover0.54x
Fixed asset turnover0.89x
Inventory turnover16.28x
Inventory days22 days
Debtor days15 days
Debtors turnover25.03x
Creditor days235 days
Cash conversion cycle15 days
Working capital days-47 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 81 Cr
Net debtRs -77 Cr
Debt to equity0.02x
Net debt / EBITDA-1.14x
Interest coverage141.31x
Owners' fund to total sources82.81%
Debt to assets1.52%
Cash flow
Cash from Operating Activity (latest year)Rs 49 Cr
Cash from Investing Activity (latest year)Rs -59 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs -14 Cr
Free cash flow (latest year)Rs -11 Cr
FCFE (approx.: FCF + change in debt)Rs -11 Cr
Cash from ops / profit, 5 years1.17x
Sales to cash flow2.85x
Statement figures
Net sales (TTM)Rs 148 Cr
Net sales (latest year)Rs 139 Cr
Sales (latest quarter)Rs 34 Cr
Operating profit excl. other income (latest year)Rs 60 Cr
Operating profit (latest quarter)Rs 12 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 67 Cr
PBDT (TTM)Rs 67 Cr
Profit before tax (TTM)Rs 59 Cr
Tax (latest year)Rs 15 Cr
Net profit (TTM)Rs 44 Cr
Net profit (latest year)Rs 43 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 32 Cr
Total expenditure (latest year)Rs 79 Cr
Total income (latest year)Rs 145 Cr
Share capitalRs 1 Cr
ReservesRs 211 Cr
Shareholders' fundsRs 213 Cr
Total assetsRs 257 Cr
Net blockRs 157 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 6 Cr
InventoryRs 2 Cr
Other liabilitiesRs 40 Cr
Shares outstanding (crore)0.13
Ownership
Promoter holding62.58% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 30.3 is at the 67th percentile of its own 8.4-year range
(median 28.1, low 14.3, high 86.8).
P/B 6.27 is at the 66th percentile (median 3.21).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | BENARAS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.5% | -2.8% | +2.3 pts |
| 1 month | -0.6% | -6.8% | +6.2 pts |
| 3 years | +75.2% | +14.2% | +61.0 pts |
| 5 years | +521.2% | +27.9% | +493.3 pts |
Red flags
F-score 5 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹34 Cr +35.5% vs Jun 2025.
Net profit ₹8 Cr +8.8%.
Against our estimate for Jun 2026: sales +31.5%, profit +3.5% in line. Our estimate for Sep 2026: sales Rs 28 Cr, profit Rs 8 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Indian Hotels Co Ltd | 101,683 | 52.3 | 17.1 % |
| ITC Hotels Ltd | 33,439 | 36.3 | 11.2 % |
| EIH Ltd | 18,877 | 26.0 | 20.7 % |
| Chalet Hotels Ltd | 18,412 | 34.4 | 17.0 % |
| Leela Palaces Hotels & Resorts Ltd | 17,820 | 39.7 | 8.73 % |
| Ventive Hospitality Ltd | 13,075 | 27.0 | 10.8 % |
| Lemon Tree Hotels Ltd | 8,253 | 32.2 | 14.1 % |
| India Tourism Development Corporation Ltd | 5,636 | 68.1 | 29.9 % |
| Juniper Hotels Ltd | 4,760 | 25.7 | 8.04 % |
| Mahindra Holidays & Resorts India Ltd | 3,933 | 84.1 | 8.12 % |
| Samhi Hotels Ltd | 3,321 | 7.90 | 8.90 % |
| Oriental Hotels Ltd | 2,489 | 37.1 | 12.1 % |
| Apeejay Surrendra Park Hotels Ltd | 2,184 | 33.9 | 9.43 % |
| Brigade Hotel Ventures Ltd | 2,129 | 31.2 | 12.8 % |
| TajGVK Hotels & Resorts Ltd | 1,989 | 13.8 | 13.3 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Benares Hotels Ltd?
Benares Hotels Ltd (BENARAS) has a market capitalisation of Rs 1,328 Cr. at the 2026-10-01 close.
What is the P/E ratio of Benares Hotels Ltd?
Benares Hotels Ltd trades at a P/E of 30.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Benares Hotels Ltd's latest quarterly results?
In the Jun 2026 quarter, Benares Hotels Ltd sales was Rs 34 Cr (+35.5% vs Jun 2025) and net profit was Rs 8 Cr.
What is the 52-week high and low of Benares Hotels Ltd?
The 52-week high is Rs 11,499.00 and the 52-week low is Rs 9,965.00.