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NSE:BENARAS

BENARES HOTELS LTD.

Consumer Services › Leisure Services
₹10,200.00
at close · 27 Oct 2026
▼ 107.00 (-1.04%)

Latest filings

  1. Benares Hotels Q2 FY27 results published in newspapers · Compliance
  2. Benares Hotels: director Rohit Khosla resigns, Satyajeet Krishnan appointed · Management Changes
  3. Benares Hotels Q2 revenue up 29% at Rs 32.8 cr, PAT Rs 6.6 cr · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates two luxury hotels in Varanasi under the Taj brand — Taj Ganges and Taj Nadesar Palace — earning revenue from room stays, food and beverage, banquets and other hospitality services. Taj Ganges was expanded by 100 rooms in Q4 FY26 to 230 rooms total, recording over 80% occupancy in March 2026. Taj Nadesar Palace holds a Michelin Key (2025); Taj Ganges holds EarthCheck Platinum. FY26 revenue stood at Rs 139.14 crore and net profit at Rs 43.24 crore, both broadly flat versus FY25. The properties hosted the BRICS delegation in June 2026, and Taj Nadesar Palace earned a BSQA Gold award. The cost base is led by other operating expenses at 36.6% of revenue and employee costs at 12.9%, with materials (largely food and beverage) at just 7.6%. The company is debt-free with zero borrowings and declared a Rs 25 per share dividend for FY26.

Operating scale
Taj Ganges room inventory
230 roomsQ4 FY26
Taj Ganges occupancy
Over 80%March 2026
Properties
2 (Taj Ganges and Taj Nadesar Palace, Varanasi)FY26
Taj Nadesar Palace award
Michelin Key (2025)2025
Taj Ganges certification
EarthCheck PlatinumFY26
Debt
Zero borrowingsFY26
Who pays it
Leisure and business travellers, banquet and event clients; hosted the BRICS delegation in June 2026
Biggest cost
Other operating expenses (36.6% of revenue) and employee costs (12.9% of revenue)
Kind of business
Asset-heavy luxury hospitality, two-property single-city operator
Where it sits
Subsidiary of Indian Hotels Company (Taj Group / IHCL); sole operator of Taj-branded hotels in Varanasi
Market Cap
₹1,326 Cr
P / E (TTM)
30.7×
EV / EBITDA
20.3×
Div Yield
0.25%
Growth
41.8%▲
Revenue 5y CAGR
PAT — · EBITDA +132.4%
Quality
28.9%▲
ROCE (5y median)
ROE 23.4% (5y median) · margin 46.9%
Leverage
0.00·
Debt / Equity · low
Net cash ₹3.41 Cr
Revenue FY21→FY26
5.7×▲
Margin +52.6 pts
₹24 Cr → ₹139 Cr
Cash conversion
1.16×▲
Operating cash ÷ profit · 5 yrs
₹175 Cr on ₹152 Cr
Where it sits among 65 Hotels & Resorts peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#33/57
P/B#53/57
ROCE#4/65
ROE#4/57
Debt / Equity#1/57
EBITDA margin#10/58
Revenue growth#46/58
Profit growth#32/55

Scorecard

Measured from the filed financials, judged against its Hotels & Resorts peers · as of FY26 — not investment advice

Strengths
Revenue compounding 42% a year over 5 years
Returns on capital 28.9% (5-year median)
#4 of 65 in Hotels & Resorts on the latest reported figures · up from −7.5% in FY21
No borrowings on the balance sheet
lower than 88% of its 57 Hotels & Resorts peers
Over 5 years it reported ₹152 Cr of profit and ₹175 Cr of operating cash — 1.16×
Profit is converting into cash
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

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Peers

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Financials

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Ownership

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Common questions

Answered from BENARES HOTELS LTD.'s filed financials and exchange disclosures

What does BENARES HOTELS LTD. do?

BENARES HOTELS LTD. is a Leisure Services company listed on NSE and BSE, trading under the symbol BENARAS.

Is BENARES HOTELS LTD. profitable?

Yes. Over the trailing twelve months BENARES HOTELS LTD. reported a net profit of ₹43 Cr on revenue of ₹139 Cr.

Does BENARES HOTELS LTD. pay a dividend?

Yes. The dividend yield is 0.25% at the current price. It paid out 8% of its profit as dividend in FY26.

Is BENARES HOTELS LTD. debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹3.41 Cr of cash.

Is BENARES HOTELS LTD. expensive compared with its peers?

On trailing P/E, BENARES HOTELS LTD. ranks 33 of 57 in Hotels & Resorts — cheaper than 43% of them, against an industry median of 26.1×. This is a position, not a valuation judgement.

Where can I track BENARES HOTELS LTD.'s announcements?

Every NSE and BSE filing by BENARES HOTELS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.