Benares Hotels Ltd

BSE: BENARAS509438ISIN INE664D01019

Consumer Discretionary
Hotels & Resorts

Share price

₹10,402.50+197.50 (+1.94%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹11,429.85
52W low: ₹9,000.00
Off 52W high: -8.99%
1M return: +1.99%
3M return: +1.99%
6M return: +4.03%
1Y return: +11.22%
20D avg volume: 49
50 DMA: ₹10,331.16
200 DMA: ₹10,030.72

Key ratios Standalone

Market cap: ₹1,352 Cr
Current price: ₹10,402.50
52W high / low: ₹11,429.85 / ₹9,000.00
Face value: ₹10.00
P/E: 30.47
P/B: 9.43
EPS (TTM): ₹341.42
Book value / share: ₹1,103.13
ROE: 30.96%
ROCE: 26.20%
Operating margin: 36.46%
Net margin: 20.80%
Debt / equity: 0.00
Net debt: ₹-3.41 Cr
Interest cover: 149.87
Dividend yield: 0.24%
Dividend / share (TTM): ₹25.00
Payout: 7.32%
Cash conversion cycle: -3.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	31.52	33.89	48.60	41.63	23.90	25.02	49.12	38.87	24.47	23.00	35.58	33.61
	1.30	1.33	1.34	1.03	1.62	1.78	1.38	1.23	1.24	1.35	1.06	0.86
	32.83	35.22	49.94	42.66	25.52	26.79	50.51	40.09	25.71	24.35	36.64	34.47
	24.08	24.14	29.21	23.64	17.26	16.60	29.02	21.76	16.03	15.75	21.28	19.34
	2.78	2.56	3.91	2.94	1.93	1.86	3.79	2.83	1.87	1.67	2.97	3.04
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	5.55	5.27	4.88	4.71	4.27	4.05	4.91	3.93	3.60	3.57	3.99	3.50
	0.11	0.12	0.10	0.10	0.10	0.10	0.09	0.10	0.10	0.09	0.09	0.09
	2.64	2.63	2.34	1.45	1.51	1.51	1.52	1.49	1.53	1.49	1.45	1.49
	13.00	13.56	17.99	14.44	9.45	9.08	18.70	—	—	—	—	—
	8.74	11.07	20.73	19.02	8.26	10.19	21.49	18.33	9.68	8.61	15.37	15.13
	0.00	0.00	0.00	-0.13	0.00	0.00	0.00	—	—	—	—	—
	8.74	11.07	20.73	18.88	8.26	10.19	21.49	18.33	9.68	8.61	15.37	15.13
	2.19	2.83	5.38	4.65	2.18	2.61	5.44	4.77	2.48	2.17	3.77	3.82
	6.56	8.25	15.35	14.23	6.08	7.58	16.05	13.56	7.20	6.43	11.59	11.30
	50.44	63.45	118.05	109.48	46.76	58.32	123.49	104.31	55.41	49.48	89.18	86.96
Key metrics
	11.49	13.82	23.17	20.43	9.87	11.80	23.10	19.92	11.31	10.19	16.91	16.71
	36.50%	40.80%	47.70%	49.10%	41.30%	47.20%	47.00%	51.20%	46.20%	44.30%	47.50%	49.70%
	20.80%	24.30%	31.60%	34.20%	25.40%	30.30%	32.70%	34.90%	29.40%	28.00%	32.60%	33.60%
	3.80%	—	9.30%	—	4.30%	—	11.90%	—	—	—	—	—
	31.90%	35.50%	-1.10%	7.10%	-2.30%	8.80%	38.10%	15.70%	—	—	—	—
	7.90%	8.80%	-4.40%	4.90%	-15.60%	17.90%	38.50%	20.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	155.64	139.14	135.47	120.56	93.33	49.84
	5.00	5.76	5.20	3.24	1.50	0.10
	160.65	144.90	140.67	123.80	94.83	49.94
	101.07	86.71	82.56	75.71	63.55	42.23
	12.19	10.64	10.15	10.14	8.36	4.46
	0.00	0.00	0.00	—	—	—
	20.41	17.91	16.02	14.28	11.72	9.50
	0.43	0.39	0.38	0.38	0.37	0.65
	9.06	6.80	6.03	5.90	6.01	6.36
	58.99	50.97	49.98	—	—	—
	59.56	58.20	58.11	48.09	31.28	7.71
	-0.13	-0.13	0.00	—	—	—
	59.42	58.06	58.11	48.09	31.28	7.71
	15.05	14.83	14.86	12.04	7.90	2.06
	44.39	43.24	43.25	36.04	23.38	5.65
	341.42	332.61	332.69	277.25	179.85	43.48
Key metrics
	68.91	65.25	64.52	54.37	37.66	14.72
	44.28%	46.90%	47.60%	45.10%	40.40%	29.50%
	28.52%	31.10%	31.90%	29.90%	25.10%	11.30%
	—	26.20%	32.20%	—	—	—
	13.68%	2.70%	12.40%	29.20%	87.30%	—
	2.59%	0.00%	20.00%	54.10%	313.80%	—
	—	-11.36	24.46	—	—	—
	—	1.13	0.97	—	—	—
	—	0.00	0.00	—	—	—
	—	-3.41	-17.03	—	—	—
	—	-3.0	0.4	—	—	—
Balance sheet
	—	256.79	195.39	—	—	—
	—	96.78	103.24	—	—	—
	—	3.41	17.03	—	—	—
	—	5.56	4.04	—	—	—
	—	1.99	1.05	—	—	—
	—	4.81	8.50	—	—	—
	—	156.57	89.25	—	—	—
	—	8.69	4.92	—	—	—
	—	33.95	13.61	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	212.63	172.72	—	—	—
Cash flow
	—	48.74	41.86	—	—	—
	—	-58.78	-43.42	—	—	—
	—	-3.57	-3.56	—	—	—
	—	60.10	17.40	—	—	—

Compounded growth

Sales CAGR 3Y: +14.24%
Sales CAGR 5Y: —
Profit CAGR 3Y: +22.75%
Profit CAGR 5Y: —
Sales YoY (TTM): +13.68%
Profit YoY (TTM): +2.59%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 62.58%

Quarter	September 2026	June 2026
Promoter %	62.58%	62.58%

Holder	Type	Holding	Previous	Change
The Indian Hotels Company Limited	Promoter	49.53%	49.53%	0.00%
Piem Hotels Limited	Promoter	4.16%	4.16%	0.00%
Aditya Deorah	Public	2.95%	2.87%	+0.08%
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs	Public	2.34%	2.37%	-0.03%
All India Kashiraj Trust	Promoter	2.31%	2.31%	0.00%
Anant Narain Singh	Promoter	1.85%	1.85%	0.00%
Vinodchandra Mansukhlal Parekh	Public	1.55%	1.55%	0.00%
Brajraj Singh	Public	1.54%	1.54%	0.00%
Arjun Ramani	Public	1.45%	1.45%	0.00%
Shrivarad Narayan Singh	Promoter	1.38%	1.38%	0.00%
Maharaj Kumari Hari Priya	Promoter	1.35%	1.35%	0.00%
Raghubirsingh R Gohil	Public	1.23%	1.23%	0.00%
Maharaja Kumari Krishna Priya	Promoter	0.97%	0.97%	0.00%
Anamika Kunwar	Promoter	0.55%	0.55%	0.00%
Maharaj Kumari Vishnupriya	Promoter	0.39%	0.39%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
THE INDIAN HOTELS COMPANY LTD	1,20,664	847.70	50.91	17.40%	+15.38% TTM	+28.63% TTM	+14.02%
ITC Hotels Limited S	36,123	173.40	39.59	9.00%	+44.67% TTM	+61.15% TTM	-19.37%
Leela Palaces Hotels & Resorts Limited	22,180	664.15	47.91	8.30%	—	—	+50.89%
EIH Ltd	18,720	299.35	25.27	15.30%	+8.34% TTM	+4.32% TTM	-25.02%
Chalet Hotels Limited	17,904	817.55	33.91	16.60%	+6.05% TTM	+85.29% TTM	-14.93%
Ventive Hospitality Limited	12,266	525.20	22.00	9.70%	+14.78% TTM	+93.64% TTM	-28.48%
Lemon Tree Hotels Limited	9,154	115.55	30.76	13.40%	+10.46% TTM	+9.75% TTM	-31.22%
India Tourism Development Corporati	5,346	623.30	65.18	27.00%	-9.37% TTM	+3.60% TTM	+1.50%
Juniper Hotels Limited	4,495	202.00	27.10	7.20%	+11.51% TTM	+141.72% TTM	-25.02%
Mahindra Holidays & Resorts India Limited	3,869	191.45	71.57	3.60%	+7.44% TTM	-59.19% TTM	-42.21%
Samhi Hotels Limited	3,527	158.60	6.87	11.00%	+12.39% TTM	+173.63% TTM	-20.28%
Oriental Hotels Ltd.	2,992	167.50	44.49	12.60%	+6.85% TTM	+36.00% TTM	+39.00%
Apeejay Surrendra Park Hotels Limited	2,189	102.58	42.08	8.10%	-17.91% TTM	-47.42% TTM	-30.78%
Brigade Hotel Ventures Limited	2,095	55.15	24.32	11.00%	—	—	-33.00%
Taj GVK Hotels & Resorts Ltd.	1,973	314.65	4.74	27.10%	+26.10% TTM	+262.99% TTM	-23.41%
EIH Associated Hotels Ltd. S	1,720	282.20	19.57	18.10%	-7.64% TTM	-6.96% TTM	-25.89%
Benares Hotels Ltd S	1,352	10,402.50	30.47	26.20%	+13.68% TTM	+2.59% TTM	+11.22%
Asian Hotels (North) Limited S	1,269	297.55	-13.76	-5.30%	+6.76% TTM	-146.35% TTM	-11.88%
Viceroy Hotels Ltd. S	1,085	141.35	48.74	6.00%	+4.91% TTM	-68.97% TTM	—
Mac Charles (India) Ltd.	856	653.55	-7.28	1.00%	+169.02% TTM	-96.03% TTM	-5.27%
U.P. Hotels Ltd. S	813	1,505.05	25.65	19.90%	+1.45% TTM	-6.02% TTM	-5.93%
Royal Orchid Hotels Ltd	782	285.00	27.02	4.30%	+26.86% TTM	-42.13% TTM	-40.82%
Kamat Hotels (India) ltd.	686	232.80	13.29	13.90%	+11.35% TTM	+31.58% TTM	-20.42%
Advent Hotels International Limited	633	117.30	14.93	7.50%	—	—	—
Asian Hotels (West) Ltd	551	473.15	7.75	31.00%	+8.19% TTM	+135.00% TTM	—

Filings & corporate actions

Recent announcements

Copy of financial results for the period ended 30.09.2026 published in the newspaper on 17.10.2026.17 Oct 2026 · Company Update / Newspaper Publication
Intimation of changes in the Directorship of the Company w.e.f. 16.10.2026.16 Oct 2026 · Company Update / Change in Directorate
Press Release on the financial results for the quarter/ period ended 30.09.202616 Oct 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results for the quarter/ period ended 30.09.2026.16 Oct 2026 · Result / Financial Results
Outcome of Board Meeting held on 16.10.202616 Oct 2026 · Board Meeting / Outcome of Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018, for the quarter ended September 30, 2026.12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Benares Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2026 ,inter alia, to consider and approve unaudited Financial Results ....9 Oct 2026 · Board Meeting / Board Meeting
Newspaper advertisement regarding the special window for re-lodgement of transfer request of physical shares5 Oct 2026 · Company Update / Newspaper Publication
In terms of the code of conduct for Prevention of Insider Trading as adopted by the company, the trading window in the company''s securities will be closed from September 24, 2026.21 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement - Special window for re-lodgement of transfer request of physical shares.29 Jul 2026 · Company Update / Newspaper Publication
Summary of the proceedings along with voting results and Scrutinizers Report of the 55th AGM held on July 23, 2026.23 Jul 2026 · AGM/EGM / AGM
Summary of proceedings along with voting results and Scrutinizers Report of the 55th AGM held on July 23, 2026.23 Jul 2026 · AGM/EGM / AGM
Copies of financial results for the period / quarter ending June 30, 2026, as published in the newspaper on July 15, 2026.15 Jul 2026 · Company Update / Newspaper Publication
Appointment of Chief Financial Officer (Mr. Thomas Kunjukunju) w.e.f. 14.07.2026.14 Jul 2026 · Company Update / Change in Management
Press Release on the Financial Results for the quarter / period ended 30.06.2026.14 Jul 2026 · Company Update / Press Release / Media Release
Financial Results for the quarter / period ended 30.06.2026.14 Jul 2026 · Result / Financial Results
Outcome of Board Meeting held on 14.0.202614 Jul 2026 · Board Meeting / Outcome of Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018, for the quarter ended June 30, 2026.14 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Benares Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/07/2026 ,inter alia, to consider and approve the unaudited Financial Results ....8 Jul 2026 · Board Meeting / Board Meeting
Newspaper Publication - Notice of 55th AGM of the Company1 Jul 2026 · Company Update / Newspaper Publication
Enclosed is the copy of physical letter sent to those shareholder of the Company whose e-mail addresses are not registered with the Company/ RTA/ DPs, providing the exact web-link of the ....30 Jun 2026 · Company Update / General
Enclosed is the Annual Report of Benares Hotels Limited for FY 2025-2630 Jun 2026 · Others / Reg. 34 (1) Annual Report
Enclosed is the Notice of 55th AGM of Benares Hotels Limited30 Jun 2026 · AGM/EGM / AGM
In terms of the Code of Conduct for prevention of Insider trading as adopted by the Company, the trading window in the company''s securities will be closed from June 24, 2026.22 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed the newspaper publication for public notice of 55th Annual General Meeting of the Company.12 Jun 2026 · Company Update / Newspaper Publication
Please find enclosed the email communication sent to sharehoders.11 Jun 2026 · Company Update / General
The Annual General Meeting of the Company is schedueled on Thursday, July 23, 2026.11 Jun 2026 · AGM/EGM / AGM
Please find eclosed the letter intimating the record date for payment of dividend.11 Jun 2026 · Corp. Action / Record Date
Please find enclosed the letter intimating the date of paymentg of dividend.11 Jun 2026 · Corp Action / Date of payment of Dividend
Advertisement published in Newspaper for transfer of shares to IEPF2 Jun 2026 · Company Update / Newspaper Publication
Newspaper advertisement - Loss of share certificate(s)29 May 2026 · Company Update / Newspaper Publication
Newspaper Advertisement - Special Window for re-lodgement of transfer request of physical shares.27 May 2026 · Company Update / Newspaper Publication
Resignation of Mr. Moiz Miyajiwala (DIN: 00026258) w.e.f. May 23, 2026.20 May 2026 · Company Update / Resignation of Director
Annual Secretarial Compliance Report for year ended March 31, 2026.13 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Resignation of CFO w.e.f. closure of business hours of May 4, 20264 May 2026 · Company Update / Resignation of Chief Financial Officer (CFO)
Copies of Financial Results for the period / year ended March 31, 2026, as published in the newspapers on April 30, 2026.30 Apr 2026 · Company Update / Newspaper Publication
The Board of Directors at its meeting held on April 29, 2026 has recommended the dividend of 250% i.e., Rs. 25/- per equity share for the FY ended March 31, 2026, Subject to approval of ....29 Apr 2026 · Corp Action / Dividend Updates
Intimation of changes in the Directorships of the Company w.e.f. 29.04.2026.29 Apr 2026 · Company Update / Change in Directorate
Press Release on the Financial Results for the period / year ended March 31, 2026.29 Apr 2026 · Company Update / Press Release / Media Release
Financial Results for the period/ year ended March 31, 2026.29 Apr 2026 · Result / Financial Results

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 25.0000	16 Jul 2026	16 Jul 2026	—
Final Dividend - Rs. - 25.0000	5 Aug 2025	5 Aug 2025	—
Final Dividend - Rs. - 25.0000	22 Aug 2024	—	—

Board meetings

16 Oct 2026 Board Meeting - Financial Results