TAJ GVK Hotels & Resorts
NSE: TAJGVK · Hotels & Resorts · sector
₹303.10NSE close 2026-10-26
Key numbers
Market cap₹1,900 cr
Price₹303.10
52w high / low₹438 / ₹281
P/E4.7xSector median 21.6x
P/B1.9xSector median 1.8x
Book value₹163.4
Dividend yield0.66%Sector median 0.58%
ROE48.8%Sector median 6.5%
ROCE40.9%Sector median 9.1%
OPM80.4%Sector median 26.3%
Debt / equity0.07xSector median 0.20x
EV/EBITDA4.0xSector median 12.9x
Interest cover84.6x
Current ratio1.26x
Sales growth 3y+9.8%Sector median +7.8%
Profit growth 3y+63.8%Sector median +10.9%
PEG0.07x
Last 12 months to Mar 2026, Consolidated. "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 ₹149 cr vs borrowings ₹69 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 84.6x in the last 12 months.
- 20.84% of the promoters' shares are pledged (14.8% of all shares).
- Promoter holding fell by 3.99 percentage points in a year, to 71.00% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 2% of net profit in the last 12 months.
- Debtor days went from 17 (FY24) to 37 (FY26).
- Dividend paid in 3 of the last 5 financial years.
- Price ₹303.10 on 2026-10-26: -30.8% from the 52-week high, +7.7% 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 ₹501.65 · low ₹284.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 93 | 105 | 127 | 125 | 165 | 107 | 136 | 159 |
| EBITDA | 27 | 29 | 50 | 33 | 50 | 34 | 42 | 330 |
| OPM % | 28.8% | 28.0% | 39.1% | 26.6% | 30.3% | 31.4% | 30.9% | 208.1% |
| Other income | 2 | 2 | 2 | 6 | 1 | 2 | 2 | 3 |
| Net profit | 17 | 24 | 41 | 35 | 25 | 28 | 37 | 320 |
| EPS (₹) | 2.71 | 3.86 | 6.57 | 5.46 | 4.03 | 4.39 | 5.90 | 50.88 |
| Revenue YoY | +77.8% | +1.9% | +7.4% | +27.1% | ||||
| Profit YoY | +49.0% | +13.7% | -10.2% | +818.8% |
Consolidated figures where filed. Latest quarter Mar 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 227 | 384 | 408 | 450 | 508 | 567 |
| EBITDA | 52 | 119 | 129 | 139 | 438 | 456 |
| Net profit | 2 | 93 | 93 | 117 | 410 | 410 |
| EPS (₹) | 0.31 | 14.83 | 14.78 | 18.60 | 65.31 | 65.20 |
| Revenue growth | +68.9% | +6.4% | +10.2% | +13.1% | +26.1% | |
| Profit growth | +4,322.7% | -0.7% | +26.4% | +250.1% | +249.5% | |
| Dividend / share (₹) | – | – | 1.00 | 1.50 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +9.8% | +40.1% | +26.1% |
| Net profit | +63.8% | – | +249.5% |
| EPS | +63.9% | – | – |
| Share price | – | +2.7% (2y) | -22.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 461 | 548 | 655 | 1,024 |
| Borrowings | – | 97 | 64 | 0 | 69 |
| Cash & equivalents | – | 38 | 73 | 70 | 149 |
| Total assets | – | 758 | 818 | 880 | 1,780 |
| Fixed assets | – | 426 | 414 | 405 | 472 |
| Capital work in progress | – | 43 | 79 | 116 | 317 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 23 | 19 | 18 | 51 |
| Inventory | – | 8 | 7 | 8 | 13 |
| Payables | – | 73 | 74 | 91 | 90 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 53 | 100 | 124 | 116 | 173 |
| Cash from investing | 1 | -17 | -37 | -19 | -174 |
| Cash from financing | -31 | -79 | -52 | -84 | -17 |
| Capex | 0 | 18 | 0 | 0 | 0 |
| Free cash flow | 53 | 82 | 124 | 116 | 173 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.2% | 16.9% | 17.9% | 40.1% |
| ROCE % | – | 23.9% | 19.3% | 21.0% | 39.5% |
| Debtor days | – | 22 | 17 | 14 | 37 |
| Inventory days | – | 77 | 72 | 79 | 111 |
| Payable days | – | 703 | 739 | 872 | 746 |
| Cash conversion cycle (days) | – | -604 | -650 | -779 | -598 |
| Working capital days | – | 5 | 16 | 29 | 35 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 71.00% |
| FIIs | 0.35% |
| DIIs | 4.25% |
| of which Mutual funds | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 24.39% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.99% | 74.99% | 74.99% | 74.99% | 71.00% | 71.00% | 71.00% | 71.00% |
| Promoter group | % |
|---|---|
| Shalini Bhupal | 25.53% |
| Starlight Trust | 21.76% |
| Moonshot Trust | 16.70% |
| Blue Moon Trust | 7.00% |
| G Indiria Krishna Reddy | 0.02% |
| GVK Reddy | 0.00% |
| Krishna RAM Bhupal | 0.00% |
| The Indian Hotels Company Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection Fund Authority | 1.38% |
| Nippon India Equity Opportunities AIF - Scheme 7 | 1.34% |
| Nippon India Equity Opportunities AIF - Scheme 7 | 1.28% |
82,888 shareholders. Pledged: 20.84% of promoter shares.
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% | – | – |
| TAJGVK | ₹1,900 cr | 4.7x | 1.9x | 48.8% | 40.9% | 80.4% | +9.8% | 0.66% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-01 | Dividend | Dividend - Rs 2 Per Share |
| 2025-09-08 | Dividend | Dividend - Rs 2 Per Share |
| 2024-08-09 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2023-09-08 | Other | Annual General Meeting |
| 2023-09-08 | Dividend | Dividend - Re 1 Per Share |
| 2022-09-02 | Other | Annual General Meeting |
| 2021-09-14 | Other | Annual General Meeting |
| 2020-09-14 | Other | Annual General Meeting |
| 2019-07-16 | Dividend | Annual General Meeting/ Dividend - Re 0.60 Per Share |
| 2018-07-26 | Dividend | Annual General Meeting / Dividend- Re 0.60 Per Share |
| 2017-07-24 | Dividend | Annual General Meeting/Dividend - Re 0.40/- Per Share |
| 2016-07-28 | Dividend | Annual General Meeting/ Dividend - Re 0.40/- Per Share |
| 2015-07-17 | Other | Annual General Meeting |
| 2014-07-24 | Dividend | Annual General Meeting / Dividend - Re 0.20/- Per Share |
| 2013-07-23 | Dividend | Annual General Meeting / Final Dividend Re.0.50/- Per Equity Share |
| 2012-07-19 | Dividend | Annual General Meeting And Dividend - Rs.1.50 Per Share |
| 2011-07-20 | Dividend | Annual General Meeting And Dividend - Rs.2 Per Share |
| 2010-07-21 | Other | Agm/Div-Rs.2/- Per Share |
| 2009-07-20 | Other | Agm/Div-Rs.2/- Per Share |
| 2008-07-24 | Dividend | Agm/Dividend - 160% |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Accommodation and Food Services: Hotels, Inns, Holiday homes, Resorts, Banquet Halls and Conference Rooms, Restaurants etc
| Sector | Consumer Discretionary |
| Industry | Hotels & Resorts |
| Sub-industry | Hotels & Resorts |
| Symbol | TAJGVK |
| BSE code | 532390 |
| ISIN | INE586B01026 |
| Face value | ₹2.0 |
| Incorporated | 1995-02-02 |
| Website | www.tajgvk.in |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.