MarketFriction

TajGVK Hotels & Resorts Ltd

NSE TAJGVK · BSE 532390 · Hotels & Resorts
₹314.90 -1.66%
NSE close2026-10-01
52 week range281.35 - 438.25
Market cap₹1,989 Cr.
P/E13.8
Price band 20% Delivery 44.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8911111693105127125106107136159165
Expenses68717566767792757494111115
Operating Profit224041272950333234424750
OPM %24%36%35%29%28%39%27%30%31%31%30%30%
Other Income11122262222851
Interest333232211112
Depreciation433333333356
Profit before tax1635352326463429324032644
Tax %30%30%26%44%24%26%16%28%25%27%3%28%
Net Profit1431311724413526283732032
EPS in Rs2.274.914.982.713.866.575.554.144.395.9051.005.05
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales27026428831731394227384408450508567
Expenses20720621724823896175265278311353394
Operating Profit6358726974-252119130139155173
OPM %23%22%25%22%24%-2.3%23%31%32%31%31%31%
Other Income283713129212291291
Interest312925222320191513955
Depreciation181817171717161514131517
Profit before tax1519323836-3619118105129427441
Tax %46%44%34%36%34%-27%47%32%29%26%9%
Net Profit44202728-4029393117410416
EPS in Rs0.570.673.254.344.48-6.370.3314.8814.7918.6965.0966.34
Dividend Payout %70%59%18%14%0%0%0%7%10%11%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%40%10%22%
Compounded Profit Growth39%35%3%14%
Stock Price CAGR10%17%10%-23%
Return on Equity10%15%16%12%
Mar 2006Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313131313131313131313
Reserves1393383393573793943553564495356421,012
Borrowings8627025522719720922521414110844128
Other Liabilities57106121140122122113123155162181627
Total Liabilities2947267277367117387057057588188801,780
Fixed Assets2054544404274164364234094554424331,189
CWIP49707781929187864379116317
Investments010599991021069284971161380
Other Assets4096111130101106102127162181193274
Total Assets2947267277367117387057057588188801,780
Mar 2006Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity616261755975553100123116173
Cash from Investing Activity-51-17-11-8-16-3-01-17-99-19-146
Cash from Financing Activity3-45-47-55-56-66-2-31-79-52-84-17
Net Cash Flow130211-1363234-281310
Free Cash Flow104548664272554828575-31
CFO/OP73%105%98%100%92%105%-66%100%105%121%113%135%
Mar 2006Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days141816242118371522171437
Inventory Days61106997990228107777279111
Days Payable5455657214534901,580784703739872746
Cash Conversion Cycle-47018-443-597-353-382-1,316-662-605-650-779-599
Working Capital Days-55-45-66-79-60-49-283-132-36-51-31-72
ROCE %7%9%10%10%-3%6%22%19%20%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.99%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%71.00%71.00%71.00%
FIIs0.94%0.80%0.70%0.82%0.76%1.68%1.75%0.83%1.01%0.92%0.32%0.41%
DIIs3.60%3.46%2.96%2.69%1.44%2.60%3.96%3.63%1.75%4.03%4.02%4.08%
Public20.47%20.75%21.34%21.49%22.80%20.72%19.31%20.56%22.26%24.05%24.67%24.49%
No. of Shareholders66,23567,31477,57984,41186,67784,42783,45983,52486,26786,24885,15684,953

Fundamentals

Market Cap₹ 1,989 Cr.
Current Price₹ 317
Stock P/E13.8
Book Value₹ 163
ROCE13.3 %
ROE12.0 %
Dividend Yield0.63 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)14%
Consolidated figures.
Valuation
Market capRs 1,974 Cr
Enterprise valueRs 1,954 Cr
P/E (TTM)4.75x
Price to book1.93x
Price to sales3.48x
EV / EBITDA4.21x
EV / EBIT4.38x
EV / sales3.45x
Price to cash flow11.42x
Earnings yield21.07%
Dividend yield0.64%
P/E, 3-year average18.69x
P/B, 3-year average3.60x
P/E, 5-year average104.86x
P/B, 5-year average3.19x
Profitability
Operating margin (excl. other income)30.52%
Operating margin (incl. other income)87.75%
EBITDA margin81.79%
Pre-tax margin77.81%
Net profit margin73.35%
Net margin, latest quarter19.19%
ROE48.61%
ROCE46.61%
ROA30.69%
ROE, 3-year average28.82%
ROCE, 3-year average28.55%
ROA, 3-year average18.76%
ROE, 5-year average21.91%
ROCE, 5-year average22.90%
ROA, 5-year average13.87%
ROIC (approx.)40.51%
Tax rate8.94%
Other income / net worth28.41%
Growth
Sales growth (latest year)13.07%
Profit growth (latest year)248.21%
Sales CAGR, 3 years9.85%
Sales CAGR, 5 years40.11%
Profit CAGR, 3 years63.53%
Sales growth QoQ4.09%
Profit growth QoQ-90.10%
Sales growth YoY (latest quarter)55.09%
Profit growth YoY (latest quarter)21.86%
Per share
EPS (TTM)Rs 66.34
EPS (latest year)Rs 65.09
EPS (latest quarter)Rs 5.05
EPS, 3-year averageRs 32.85
EPS, 5-year averageRs 22.76
Book value per shareRs 163.35
Sales per shareRs 90.44
Cash flow per shareRs 27.58
Free cash flow per shareRs -4.94
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 1.83
Dividend per share, 5-year averageRs 1.62
Dividends
Dividend payout3.07%
Dividend payout, 3-year average7.97%
Dividend payout, 5-year average7.66%
Efficiency
Asset turnover0.29x
Fixed asset turnover0.43x
Inventory turnover12.67x
Inventory days29 days
Debtor days37 days
Debtors turnover9.95x
Creditor days746 days
Cash conversion cycle-599 days
Working capital days-72 days
Leverage
Total debtRs 128 Cr
Cash and bankRs 149 Cr
Net debtRs -21 Cr
Debt to equity0.13x
Net debt / EBITDA-0.04x
Interest coverage84.56x
Current ratio (filing 2026-03-31)1.26x
Quick ratio (filing 2026-03-31)1.19x
Trade payables (filing 2026-03-31)Rs 90 Cr
Owners' fund to total sources57.55%
Debt to assets7.20%
Cash flow
Cash from Operating Activity (latest year)Rs 173 Cr
Cash from Investing Activity (latest year)Rs -146 Cr
Cash from Financing Activity (latest year)Rs -17 Cr
Net Cash Flow (latest year)Rs 10 Cr
Free cash flow (latest year)Rs -31 Cr
FCFE (approx.: FCF + change in debt)Rs 53 Cr
Cash from ops / profit, 5 years0.79x
Sales to cash flow2.94x
Statement figures
Net sales (TTM)Rs 567 Cr
Net sales (latest year)Rs 508 Cr
Sales (latest quarter)Rs 165 Cr
Operating profit excl. other income (latest year)Rs 155 Cr
Operating profit (latest quarter)Rs 50 Cr
Other income (TTM)Rs 291 Cr
EBITDA (TTM)Rs 464 Cr
PBDT (TTM)Rs 459 Cr
Profit before tax (TTM)Rs 441 Cr
Tax (latest year)Rs 38 Cr
Net profit (TTM)Rs 416 Cr
Net profit (latest year)Rs 408 Cr
Net profit (latest quarter)Rs 32 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 169 Cr
Total expenditure (latest year)Rs 353 Cr
Total income (latest year)Rs 799 Cr
Share capitalRs 13 Cr
ReservesRs 1,012 Cr
Shareholders' fundsRs 1,024 Cr
Total assetsRs 1,780 Cr
Net blockRs 1,189 Cr
Capital work in progressRs 317 Cr
InvestmentsRs 0 Cr
ReceivablesRs 51 Cr
InventoryRs 13 Cr
Other liabilitiesRs 627 Cr
Shares outstanding (crore)6.27
Ownership
Promoter holding71.00% (-3.98 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 4.8 is the lowest in its own 7.5-year history (median 27.8, low 4.8, high 399.5).
P/B 1.93 is at the 4th percentile (median 3.10).
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.
PeriodTAJGVKNifty 50Difference
1 week-2.6%-2.8% +0.2 pts
1 month-4.3%-6.8% +2.5 pts
3 months-8.3%-7.6% -0.7 pts
6 months+4.8%+0.4% +4.4 pts
1 year-24.8%-9.9% -14.9 pts
2 years-1.7%-13.6% +11.9 pts
3 years+33.7%+14.2% +19.5 pts
5 years+117.5%+27.9% +89.6 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.00%0

Red flags

F-score 4 of 8
explainHigh accruals Profit exceeded operating cash by 13% of total assets in 2026
explainReceivables outrunning sales Receivables grew 188% vs sales +13% in 2026
lookProfit leans on other income Other income was 68% of pre-tax profit in 2026
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 2026
Sales ₹165 Cr +55.7% vs Jun 2025. Net profit ₹32 Cr +23.1%.

Activity

Compare
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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-01Dividend - Rs 2 Per Share
2025-09-08Dividend - Rs 2 Per Share
2024-08-09Annual General Meeting/Dividend - Rs 1.50 Per Share
2023-09-08Dividend - Re 1 Per Share
2023-09-08Annual General Meeting
2022-09-02Annual General Meeting
2021-09-14 Annual General Meeting
2020-09-14 Annual General Meeting
2019-07-16 Annual General Meeting/ Dividend - Re 0.60 Per Share
2018-07-26 Annual General Meeting / Dividend- Re 0.60 Per Share
2017-07-24 Annual General Meeting/Dividend - Re 0.40/- Per Share
2016-07-28 Annual General Meeting/ Dividend - Re 0.40/- Per Share
2015-07-17Annual General Meeting
2014-07-24Annual General Meeting / Dividend - Re 0.20/- Per Share
2013-07-23Annual General Meeting / Final Dividend Re.0.50/- Per Equity Share
2012-07-19Annual General Meeting And Dividend - Rs.1.50 Per Share
2011-07-20Annual General Meeting And Dividend - Rs.2 Per Share
2010-07-21Agm/Div-Rs.2/- Per Share
2009-07-20Agm/Div-Rs.2/- Per Share
2008-07-24Agm/Dividend - 160%
2007-07-19Agm/Dividend-150%
2006-07-20Agm/Dividend-100%
DateTypeWhat it says
2026-09-10General UpdatesGeneral Updates
2026-09-09Shareholder meetingProceedings of Annual General Meeting held on September 09, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along w...
2026-08-18General UpdatesGeneral Updates Board Approval intimation regarding reclassification
2026-08-18General UpdatesGeneral Updates regarding Promoter Reclassification intimation
2026-08-14General UpdatesGeneral Updates
2026-08-13General UpdatesGeneral Updates BRSR of the company for the FY 202526
2026-08-13Record DateRecord date for the purpose of Dividend is 01-Sep-2026.
2026-08-13Shareholder meetingNotice of Annual General Meeting to be held on September 09, 2026
2026-08-05Name ChangeThe name has been changed from
2026-07-31Board meeting outcomeOutcome of Board Meeting held on July 31, 2026.Intimation regarding Change of name of the company
2026-07-31Investor PresentationInvestor Presentation
2026-07-31Press ReleaseA press release dated July 31, 2026, titled "Press Release".
2026-07-31Record DateRecord date for the purpose of DI & MT is 02-Sep-2026.
2026-07-31Board meeting outcomeOutcome of Board Meeting held on July 31, 2026.The Board approved the re-classification of Indian Hotels company Limited from Promoter group to Public...
2026-07-31Board meeting outcomeOutcome of Board Meeting held on July 31, 2026.The company has intimated that the 31st AGM is fixed on 9th September 2026 at 11 AM
2026-07-31Board meeting outcomeOutcome of Board Meeting held on July 31, 2026.
2026-07-07Volume querySignificant increase in volume has been observed in Taj GVK Hotels & Resorts Limited. The Exchange, in order to ensure that investors have latest rele...
2026-07-07Volume querySignificant increase in volume has been observed in Taj GVK Hotels & Resorts Limited. The Exchange, in order to ensure that investors have latest rele...
2026-07-01Press ReleaseA press release dated July 01, 2026, titled "Press Release".
2026-06-09Press ReleaseA press release dated Jun 09, 2026, titled "Press Release".
2026-06-01Concall / analyst meetSchedule of meet
2026-05-28Press ReleaseA press release dated May 28, 2026, titled "Investor presentation".
2026-05-28Press ReleaseA press release dated May 28, 2026, titled "Press Release".
2026-05-28DividendBoard of Directors at its meeting held on May 28, 2026, recommended Final Dividend of Rs. 2 per equity share.
2026-05-28Board meeting outcomeTaj GVK Hotels & Resorts Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of TajGVK Hotels & Resorts Ltd?

TajGVK Hotels & Resorts Ltd (TAJGVK) has a market capitalisation of Rs 1,989 Cr. at the 2026-10-01 close.

What is the P/E ratio of TajGVK Hotels & Resorts Ltd?

TajGVK Hotels & Resorts Ltd trades at a P/E of 13.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were TajGVK Hotels & Resorts Ltd's latest quarterly results?

In the Jun 2026 quarter, TajGVK Hotels & Resorts Ltd sales was Rs 165 Cr (+55.7% vs Jun 2025) and net profit was Rs 32 Cr.

What is the 52-week high and low of TajGVK Hotels & Resorts Ltd?

The 52-week high is Rs 438.25 and the 52-week low is Rs 281.35.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03