HBG HOTELS LIMITED

BSE: HBGHOTELS537839ISIN INE977M01024

Consumer Discretionary
Hotels & Resorts

Share price

₹77.00+1.00 (+1.32%)

as of 4 Nov 2026

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

52W high: ₹182.30
52W low: ₹62.01
Off 52W high: -57.76%
1M return: +13.09%
3M return: -11.49%
6M return: -17.58%
1Y return: -54.75%
20D avg volume: 3,220
50 DMA: ₹73.17
200 DMA: ₹89.39

Key ratios Consolidated

Market cap: ₹158.00 Cr
Current price: ₹77.00
52W high / low: ₹182.30 / ₹62.01
Face value: ₹10.00
P/E: 50.69
P/B: —
EPS (TTM): ₹1.52
Book value / share: —
ROE: —
ROCE: 0.70%
Operating margin: —
Net margin: —
Debt / equity: 0.95
Net debt: ₹331.07 Cr
Interest cover: 3.40
Dividend yield: 0.19%
Dividend / share (TTM): ₹0.15
Payout: 9.87%
Cash conversion cycle: 82.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	6.41	8.57	8.82	4.93	5.76	8.14	8.88	5.26	6.31	—
	0.36	1.45	0.46	1.40	0.35	0.56	2.21	0.70	3.20	—
	6.77	10.02	9.28	6.33	6.12	8.70	11.09	5.96	9.51	—
	6.43	8.53	8.43	5.25	5.83	8.00	8.07	6.04	6.42	—
	1.74	1.83	1.82	1.29	1.48	1.95	2.04	1.62	1.97	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.87	2.32	2.16	1.31	1.87	2.08	1.96	1.82	1.73	—
	0.33	0.34	0.43	0.38	0.39	0.32	0.47	0.42	0.44	—
	0.46	0.59	0.41	0.41	0.48	0.48	0.45	0.45	0.45	—
	2.04	3.45	3.60	1.87	1.61	3.17	—	—	—	—
	0.34	1.49	0.85	1.08	0.28	0.70	3.02	-0.08	3.09	—
	0.00	0.00	0.00	0.00	0.00	50.65	0.00	0.00	0.00	—
	0.34	1.49	0.85	1.08	0.28	51.36	3.02	-0.08	3.09	—
	0.07	0.26	0.12	0.21	0.06	0.04	0.81	0.06	0.71	—
	0.28	1.24	0.73	0.87	0.22	51.31	2.21	-0.14	2.37	—
	0.12	0.60	0.36	0.43	0.12	31.55	1.49	-0.10	1.70	—
Key metrics
	1.13	2.42	1.69	1.87	1.15	52.16	3.94	0.79	3.98	—
	17.60%	28.20%	19.20%	37.90%	20.00%	640.80%	44.40%	15.00%	63.10%	—
	4.40%	14.50%	8.30%	17.60%	3.80%	630.30%	24.90%	-2.70%	37.60%	—
	—	0.20%	—	0.20%	—	7.40%	—	—	—	—
	11.30%	5.30%	-0.70%	-6.30%	-8.70%	—	—	—	—	—
	27.30%	-97.60%	-67.00%	721.40%	-90.70%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	28.73	28.07	28.59	—
	3.67	3.66	6.62	—
	32.40	31.73	35.21	—
	28.64	28.04	28.34	—
	6.68	6.42	7.58	—
	0.00	0.00	0.00	—
	7.66	7.66	7.58	—
	1.48	1.54	1.65	—
	1.87	1.89	1.83	—
	10.96	10.53	9.70	—
	3.76	3.70	6.86	—
	0.00	0.00	50.65	—
	3.76	3.70	57.52	—
	0.66	0.94	1.42	—
	3.12	2.76	56.10	—
	1.51	1.30	34.49	—
Key metrics
	7.11	7.13	61.00	—
	24.75%	25.40%	213.40%	—
	10.86%	9.80%	196.20%	—
	—	0.70%	8.50%	—
	2.46%	-1.80%	—	—
	-94.18%	-95.10%	—	—
	—	-59.64	-167.21	—
	—	-12.01	-1.12	—
	—	0.95	0.84	—
	—	331.07	269.15	—
	—	82.6	-7.3	—
Balance sheet
	—	794.50	711.46	—
	—	33.47	40.05	—
	—	23.25	25.43	—
	—	8.01	1.53	—
	—	0.14	0.15	—
	—	—	0.97	—
	—	16.70	17.70	—
	—	1.80	2.25	—
	—	11.80	12.90	—
	—	354.32	294.58	—
	—	0.00	0.00	—
	—	354.32	294.58	—
	—	373.72	350.10	—
Cash flow
	—	-33.14	-62.66	—
	—	-51.65	-99.48	—
	—	77.83	190.28	—
	—	26.50	104.55	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	6.41	8.57	8.82	4.93	5.76	8.14	8.88	5.26	6.31	—
	0.36	1.45	0.45	1.38	0.35	0.53	2.15	0.70	3.15	—
	6.77	10.02	9.27	6.31	6.12	8.66	11.04	5.96	9.46	—
	6.43	8.53	8.42	5.24	5.82	7.98	8.04	5.86	6.42	—
	1.74	1.83	1.82	1.29	1.48	1.95	2.04	1.62	1.97	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.87	2.32	2.16	1.31	1.87	2.08	1.96	1.82	1.73	—
	0.33	0.34	0.43	0.38	0.39	0.32	0.47	0.42	0.44	—
	0.46	0.59	0.41	0.41	0.48	0.48	0.45	0.45	0.44	—
	2.04	3.45	3.59	1.86	1.60	3.15	—	—	—	—
	0.34	1.49	0.85	1.06	0.29	0.68	3.00	0.10	3.04	—
	0.00	0.00	0.00	0.00	0.00	50.65	—	—	—	—
	0.34	1.49	0.85	1.06	0.29	51.34	3.00	0.10	3.04	—
	0.07	0.26	0.13	0.20	0.06	0.04	0.80	0.11	0.70	—
	0.28	1.24	0.72	0.86	0.23	51.29	2.19	-0.01	2.34	—
	0.12	0.60	0.35	0.43	0.12	31.54	1.48	-0.01	1.67	—
Key metrics
	1.13	2.42	1.69	1.85	1.16	52.14	3.92	0.97	3.92	—
	17.60%	28.20%	19.20%	37.50%	20.10%	640.50%	44.10%	18.40%	62.10%	—
	4.40%	14.50%	8.20%	17.40%	4.00%	630.10%	24.70%	-0.20%	37.10%	—
	—	0.50%	—	0.40%	—	14.30%	—	—	—	—
	11.30%	5.30%	-0.70%	-6.30%	-8.70%	—	—	—	—	—
	21.70%	-97.60%	-67.10%	8,700.00%	-90.20%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	28.73	28.08	28.59	—
	3.64	3.62	6.53	—
	32.37	31.70	35.12	—
	28.62	27.97	28.29	—
	6.68	6.42	7.58	—
	0.00	0.00	0.00	—
	7.66	7.66	7.58	—
	1.48	1.54	1.65	—
	1.87	1.89	1.83	—
	10.94	10.46	9.65	—
	3.74	3.74	6.82	—
	0.00	0.00	50.65	—
	3.74	3.74	57.48	—
	0.66	0.94	1.42	—
	3.10	2.79	56.06	—
	1.50	1.34	34.47	—
Key metrics
	7.09	7.17	60.96	—
	24.68%	25.50%	213.20%	—
	10.79%	9.90%	196.10%	—
	—	1.40%	16.30%	—
	2.46%	-1.80%	—	—
	-94.23%	-95.00%	—	—
	—	-30.86	-61.69	—
	—	-11.06	-1.00	—
	—	0.02	0.02	—
	—	6.32	-8.64	—
	—	1.7	-6.6	—
Balance sheet
	—	395.66	374.57	—
	—	11.96	31.73	—
	—	1.79	17.16	—
	—	1.56	1.53	—
	—	0.14	0.15	—
	—	0.43	0.92	—
	—	16.70	17.70	—
	—	1.57	2.19	—
	—	11.41	12.29	—
	—	8.11	8.52	—
	—	0.00	0.00	—
	—	8.11	8.52	—
	—	373.72	350.07	—
Cash flow
	—	-30.85	-55.89	—
	—	-5.43	5.24	—
	—	16.43	71.50	—
	—	-0.01	5.80	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +2.46%
Profit YoY (TTM): -94.23%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +2.46%
Profit YoY (TTM): -94.18%

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: 69.79%

Quarter	September 2026	June 2026
Promoter %	69.79%	69.79%

Holder	Type	Holding	Previous	Change
HEDE NAVIGATION PRIVATE LIMITED	Promoter	24.23%	24.23%	0.00%
HEDE CONSULTANCY COMPANY PRIVATE LIMITED	Promoter Group	18.14%	18.14%	0.00%
SHIBANEE HARLALKA	Promoter	9.48%	9.48%	0.00%
STAR GALAXY TRADES PRIVATE LIMITED	Promoter	5.91%	—	—
GLACIER TRADES PRIVATE LIMITED	Promoter Group	5.90%	—	—
SAMIT PRAFULLA HEDE	Promoter	3.79%	3.79%	0.00%
HBG TRUST (SEEMA ARUN PAWAR)	Promoter Group	1.86%	1.86%	0.00%
SHALIN HEMANTKUMAR SHAH	Public	1.79%	—	—
SHREYA DEVAN PANDYA	Public	1.28%	—	—
ENTATHUR VEERARAGHAVA REDDIAR PERUMALSWA	Public	1.28%	1.28%	0.00%
SANJIV DHIRESHBHAI SHAH	Public	1.25%	1.25%	0.00%
NALINI NARENDRA PANDYA	Public	1.25%	—	—
COLABA REAL ESTATE PRIVATE LIMITED	Promoter Group	0.48%	0.48%	0.00%
PRAFULLA RAJARAM HEDE	Promoter	0.00%	0.00%	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	—
HBG HOTELS LIMITED	158	77.00	50.69	0.70%	+2.46% TTM	-94.18% TTM	-54.75%

Filings & corporate actions

Recent announcements

HBG Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2026 ,inter alia, to consider and approve Un-Audited Standalone and Consolidated ....4 Nov 2026 · Board Meeting / Board Meeting
Compliance certificate under Reg 74(5) of SEBI (DP) Regulation, 201815 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Postal ballot voting closed on 13th October, 2026 and Scrutinizer report submitted on 14th October, 202614 Oct 2026 · AGM/EGM / Postal Ballot
Outcome of Postal Ballot14 Oct 2026 · AGM/EGM / Postal Ballot
Enclosed herewith Scrutinizer Report for 33rd Annual General Meeting.30 Sep 2026 · AGM/EGM / AGM
Proceeding of Annual General Meeting29 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper publication15 Sep 2026 · Company Update / Newspaper Publication
We enclose a copy of notice of postal ballot dated 11th September, 2026 together with explanatory statement thereto, seeking approval of the shareholders.12 Sep 2026 · AGM/EGM / Postal Ballot
Outcome of Board Meeting held on 11.09.202611 Sep 2026 · Company Update / Issue of Securities
Outcome of Board Meeting held on 11.09.202611 Sep 2026 · Board Meeting / Outcome of Board Meeting
Annual Report for the financial year 2025-20265 Sep 2026 · Others / Reg. 34 (1) Annual Report
HBG Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/09/2026 ,inter alia, to consider and approve Pursuant to Regulation 29(1)(d) ....4 Sep 2026 · Board Meeting / Board Meeting
Appointment of Independent Director14 Aug 2026 · Company Update / Change in Directorate
Financial result for the quarter ended 30.06.202614 Aug 2026 · Result / Financial Results
outcome of board meeting held on 14 august 202614 Aug 2026 · Board Meeting / Outcome of Board Meeting
HBG Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Unaudited Standalone and Consolidated ....7 Aug 2026 · Board Meeting / Board Meeting
Enclosed herewith certificate under Regulation 74(5) of SEBI (Depository and Participant) Regulation, 2018 for the quarter ended June 30th, 2026.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of trading window.23 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Enclosed herewith financial year ended 31.03.202629 May 2026 · Result / Financial Results
outcome of board meeting held on 29.5.202629 May 2026 · Board Meeting / Outcome of Board Meeting
Enclosed herewith annual secretarial compliance report for the year ended March 31, 202628 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
HBG Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Audited Financial Results Of The ....22 May 2026 · Board Meeting / Board Meeting
Intimation of record date for the purpose of interim dividend.8 May 2026 · Corp. Action / Record Date
the details of Memorandum of Understanding and Agreement enter between the Company and other party has been mention in attached outcome of Board Meeting.8 May 2026 · Company Update / Memorandum of Understanding /Agreements
Outcome of Board Meeting held on May 08, 20268 May 2026 · Board Meeting / Outcome of Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....30 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Intimation of Record Date for the purpose of Interim Dividend30 Apr 2026 · Corp. Action / Record Date
HBG Hotels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2026 ,inter alia, to consider and approve interim dividend30 Apr 2026 · Board Meeting / Board Meeting
Intimation of Closure of Trading Window25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Enclosed herewith Financial Result for the quarter ended December 31st, 202511 Feb 2026 · Result / Financial Results
Outcome of Board Meeting11 Feb 2026 · Board Meeting / Outcome of Board Meeting
The Board Meeting to be held on 11/02/2026 has been revised to 11/02/2026 The Board Meeting to be held on 11/02/2026 has been revised to 11/02/2026, the venue and time of the board meeting ....6 Feb 2026 · Company Update / Board Meeting Rescheduled
Phoenix Township Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/02/2026 ,inter alia, to consider and approve unaudited financial results ....4 Feb 2026 · Board Meeting / Board Meeting
Attached herewith Certificate under Reg.74(5) of SEBI (DP) Regulations, 201810 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window29 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Enclosed herewith Financial Results for the Quarter and half year Ended September 30, 202514 Nov 2025 · Result / Financial Results
Enclosed herewith Outcome of the Board Meeting held on November 11, 2025 at 03.30 PM through VC and OAVM.14 Nov 2025 · Board Meeting / Outcome of Board Meeting
Phoenix Township Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2025 ,inter alia, to consider and approve Un-Audited Financial results ....7 Nov 2025 · Board Meeting / Board Meeting
Intimation under regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 - Change of Name of the Company.4 Nov 2025 · Company Update / Change of Name

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 0.1500	15 May 2026	15 May 2026	—
Final Dividend - Rs. - 0.1500	22 Sep 2025	22 Sep 2025	—
Interim Dividend - Rs. - 0.1000	6 Dec 2024	6 Dec 2024	—
Final Dividend - Rs. - 0.2500	6 Sep 2024	6 Sep 2024	—

Board meetings

14 Aug 2026 Board Meeting - Financial Results