Benares Hotels Ltd.
NSE: BENARAS · Hotels & Resorts · sector
₹10,307.00NSE close 2026-10-26
Key numbers
Market cap₹1,340 cr
Price₹10,307.00
52w high / low₹11,499 / ₹9,965
P/E30.2xSector median 21.6x
P/B6.0xSector median 1.8x
Book value₹1,724.5
Dividend yield0.25%Sector median 0.58%
ROE21.8%Sector median 6.5%
ROCE26.7%Sector median 9.1%
OPM41.1%Sector median 26.3%
Debt / equity0.00xSector median 0.20x
EV/EBITDA19.6xSector median 12.9x
Interest cover140.1x
Current ratio4.08x
Sales growth 3y+14.2%Sector median +7.8%
Profit growth 3y+22.8%Sector median +10.9%
PEG1.32x
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 64 companies in Hotels & Resorts (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹81 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 140.1x in the last 12 months.
- Other income was 11% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹10,307.00 on 2026-10-26: -10.4% from the 52-week high, +3.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹12,015.10 · low ₹8,038.90
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 49 | 25 | 24 | 42 | 49 | 34 | 32 |
| EBITDA | 22 | 10 | 8 | 19 | 22 | 12 | 10 |
| OPM % | 44.2% | 40.1% | 34.4% | 46.6% | 44.9% | 36.9% | 32.3% |
| Other income | 1 | 2 | 2 | 1 | 1 | 1 | 1 |
| Net profit | 16 | 8 | 6 | 14 | 15 | 8 | 7 |
| EPS (₹) | 123.49 | 58.32 | 46.76 | 109.48 | 118.05 | 63.45 | 50.44 |
| Revenue YoY | -1.1% | +35.5% | +31.9% | ||||
| Profit YoY | -4.4% | +8.8% | +7.9% |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 50 | 93 | 121 | 135 | 139 | 156 |
| EBITDA | 15 | 36 | 51 | 59 | 59 | 64 |
| Net profit | 6 | 23 | 36 | 43 | 43 | 44 |
| EPS (₹) | 43.48 | 179.85 | 277.25 | 332.69 | 332.61 | 341.42 |
| Revenue growth | +87.3% | +29.2% | +12.4% | +2.7% | – | |
| Profit growth | +313.8% | +54.1% | +20.0% | -0.0% | – | |
| Dividend / share (₹) | – | 10.00 | 20.00 | 25.00 | 25.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +14.2% | – | – |
| Net profit | +22.7% | – | – |
| EPS | +22.7% | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 173 | 213 |
| Borrowings | 0 | 0 |
| Cash & equivalents | 90 | 81 |
| Total assets | 195 | 257 |
| Fixed assets | 89 | 157 |
| Capital work in progress | – | 1 |
| Investments | 0 | 0 |
| Receivables | 4 | 6 |
| Inventory | 1 | 2 |
| Payables | 5 | 9 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 42 | 49 |
| Cash from investing | -43 | -59 |
| Cash from financing | -4 | -4 |
| Capex | 17 | 60 |
| Free cash flow | 24 | -11 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 25.0% | 20.3% |
| ROCE % | 33.9% | 27.5% |
| Debtor days | 11 | 15 |
| Inventory days | 38 | 68 |
| Payable days | 177 | 298 |
| Cash conversion cycle (days) | -128 | -215 |
| Working capital days | 242 | 165 |
Peers in Hotels & Resorts
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDHOTEL | ₹1,13,231 cr | 51.2x | 8.3x | 17.5% | 24.3% | 35.5% | +18.6% | 0.30% |
| ITCHOTELS | ₹34,226 cr | 39.5x | 2.9x | 7.7% | 10.1% | 32.7% | – | – |
| THELEELA | ₹19,468 cr | 31.3x | 3.0x | 5.0% | 9.1% | 48.6% | – | – |
| EIHOTEL | ₹18,060 cr | 25.4x | 3.4x | 14.4% | 19.7% | 33.4% | +13.3% | 0.58% |
| CHALET | ₹17,484 cr | 33.1x | 4.7x | 15.7% | 14.2% | 44.1% | +34.9% | 0.12% |
| VENTIVE | ₹12,654 cr | 26.4x | 2.3x | 9.9% | 12.4% | 42.9% | – | – |
| LEMONTREE | ₹8,721 cr | 37.1x | 6.3x | 18.4% | 15.8% | 45.3% | +18.2% | – |
| ITDC | ₹5,174 cr | 63.1x | 12.2x | 21.3% | 27.2% | 16.9% | +4.8% | 0.48% |
| JUNIPER | ₹4,474 cr | 27.0x | 1.6x | 5.9% | 8.6% | 37.4% | – | – |
| BENARAS | ₹1,340 cr | 30.2x | 6.0x | 21.8% | 26.7% | 41.1% | +14.2% | 0.25% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-16 | Dividend | Final Dividend Rs 25.0 |
| 2025-08-05 | Dividend | Final Dividend Rs 25.0 |
| 2024-08-22 | Dividend | Final Dividend Rs 25.0 |
| 2023-08-17 | Dividend | Final Dividend Rs 20.0 |
| 2022-08-30 | Dividend | Final Dividend Rs 10.0 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Hotels & Resorts |
| Sub-industry | Hotels & Resorts |
| Symbol | BENARAS |
| BSE code | 509438 |
| ISIN | INE664D01019 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = NSE close 2026-10-26.