NSE: ADVANIHOTR · BSE: 523269
ADVANI HOT.& RES.(I) LTD
Operates a single beach resort property in Goa. The Caravela Beach Resort sits on 22 acres of freehold land at Varca, Goa, and earns revenue from room stays, food and beverage, banquets and other ancillary guest facilities. In FY26, total income was ₹106.7 crore with annual occupancy of 73.4%, down from 82% in FY25 owing to geopolitical headwinds and subdued foreign tourist inflows; revenue per occupied room (TRevPOR) grew 6.9% to ₹21,086. The biggest cost lines are employees at 32.6% of revenue and other operating expenses at 29.7%, with materials at 7.5%. The company is debt-free, holds cash reserves of ₹5,718 lakhs, and is funding a new banquet facility and four new pickleball courts from internal accruals. For FY26 it declared a total interim dividend of ₹1,663.90 lakhs, equivalent to around 70% of profit after tax. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Resort operations. Single-property, asset-heavy resort hospitality in Goa, cyclical with tourism flows and geopolitical events.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 51 | 99 | 105 | 107 | 107 |
| EBITDA (ex other income) | 11 | 39 | 34 | 35 | 31 |
| margin % | 21.0 | 39.7 | 32.2 | 32.2 | 29.3 |
| Owners' profit | 7 | 29 | 25 | 26 | 24 |
| EPS, as reported (₹) | 1.41 | 6.19 | 2.70 | 2.86 | 2.58 |
| ROE % · ROCE % | 13.1 · 15.6 | 45.6 · 55.4 | 34.7 · 42.8 | 32.5 · 40.1 | 4.6 · 6.0 |
| Debt / equity (x) | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Cash from operations | 13 | 26 | 29 | 21 | 23 |
| Capex | (0) | (2) | (4) | (3) | (3) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 35 | 34 | 20 | 15 | 36 | 36 | 21 |
| Profit before tax | (1) | 16 | 15 | 3 | (1) | 14 | 15 | 2 |
| Net profit | (1) | 12 | 11 | 2 | (1) | 11 | 12 | 1 |
| EPS (₹) | (0.06) | 1.29 | 1.24 | 0.25 | (0.11) | 1.17 | 1.27 | 0.15 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| THE INDIAN HOTELS CO. LTD | 1,01,296 | 47.2 | 6.78 | 26.9 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED | 32,182 | 37.1 | 2.75 | 20.9 | 7.0 | 9.0 | — | 37.5 |
| LEELA PALACES HOTEL LTD | 19,603 | 32.4 | 3.04 | 26.1 | 6.2 | 5.9 | — | 43.2 |
| EIH LIMITED | 18,198 | 25.6 | 3.36 | 17.0 | 12.2 | 14.9 | 42.7 | 31.6 |
| CHALET HOTELS LIMITED | 18,067 | 34.2 | 4.89 | 16.5 | 17.4 | 13.6 | 56.6 | 45.5 |
| VENTIVE HOSPITALITY LTD | 13,125 | 27.4 | 1.94 | 11.5 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,710 | 37.0 | 4.19 | 16.0 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,635 | 68.7 | 13.71 | 46.0 | 20.0 | 26.6 | 24.7 | 17.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.0 | 27.3 | 22 of 57 | 63% |
| P/B | 0.8 | 1.7 | 15 of 57 | 75% |
| ROCE | 6.0 | 4.9 | 28 of 65 | 58% |
| ROE | 4.6 | 6.3 | 33 of 57 | 43% |
| Debt / Equity | 0.0 | 0.2 | 13 of 57 | 79% |
| EBITDA margin | 12.7 | 29.5 | 46 of 58 | 21% |
| Revenue growth | 5.5 | 7.6 | 32 of 58 | 46% |
| Profit growth | (41.0) | 11.6 | 40 of 55 | 28% |
| Market cap | 436 | 247 | 25 of 66 | 63% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · RTA compliance certificate for quarter ended September 30, 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · Advani Hotels 39th AGM: All 5 resolutions approved | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closure from October 1 for Q2 results | compliance | minimal | — | — |
| 23 Sept 2026 · 39th AGM proceedings: dividend noted, director re-appointments approved | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Newspaper ad on 39th AGM notice dispatch and e-voting cut-off date info | compliance | minimal | — | — |
| 1 Sept 2026 · Newspaper ad for 39th AGM notice published on September 1, 2026 | compliance | minimal | — | — |
| 1 Sept 2026 · Annual Report and 39th AGM notice filed; re-appoints CEO, declares dividends | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · 39th AGM notice and FY2026 annual report filed with exchanges | results | high | — | — |
| 19 Aug 2026 · Advani Hotels Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 17 Aug 2026 · Advani Hotels Q1 FY27: Revenue up 5.5%, PAT declines on higher costs | compliance | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.