Companies›Consumer Discretionary›Consumer Services›Leisure Services

HBG HOTELS LIMITED

Consumer Services › Leisure Services
₹73.74
at close · 8 Oct 2026
▼ 0.15 (-0.20%)

Latest filings

  1. HBG Hotels 33rd AGM: All 5 resolutions passed with near-unanimous votes · Compliance
  2. 33rd AGM of HBG Hotels held on Sept 29, 2026 via video conference · Board & Shareholder Meetings
  3. Trading window closed from Oct 1 for Q2 results · Compliance
All filings ↓
Ask Nexa about HBG HOTELS LIMITED

Snapshot

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

AI · written from filings

Operates hotels and resorts in coastal India, with two operating properties: Park Inn by Radisson in Goa and Phoenix Island Resort in Poovar, Kerala. Hospitality revenue is earned from room rentals, food and beverage, and related guest services at these properties. In FY26, consolidated revenue from operations was Rs 2,807.84 lakhs (Rs 28.074 crore), with total assets of Rs 794.5 crore. The company is expanding — subsidiary Palolem Resorts LLP has signed a management agreement with Rajscape Hotels (Tree of Life/Taj Group) for a new resort in Goa, and agreements with Marriott Hotels India, Starwood Hotels, and Global Hospitality Licensing have been signed for a new hotel in Thiruvananthapuram, Kerala. Employee costs account for 27.3% of revenue and other operating expenses for 37.5%, with materials at 22.9%. The business is asset-heavy, with capex at 94.4% of revenue in FY26, reflecting the ongoing expansion program.

Operating scale
Operating properties
2 hotels (Park Inn by Radisson, Goa; Phoenix Island Resort, Kerala)
New properties in pipeline
2 (Phoenix Castle House Resort, Goa under Rajscape/Taj; Marriott/Starwood hotel, Thiruvananthapuram)
FY26 revenue from operations
Rs 2,807.84 lakhsFY26
Total assets
Rs 794.5 croreFY26
Capex intensity
94.4% of revenueFY26
EBITDA margin
25.4%FY26
Who pays it
Leisure and business travellers staying at resort properties in Goa and Kerala
Biggest cost
Employee costs (27.3% of revenue) and other operating expenses (37.5% of revenue)
Kind of business
Asset-heavy hospitality operator dependent on tourism in Goa and Kerala, currently in expansion phase
Where it sits
Small-cap hotel operator with two operating branded properties in Goa and Kerala, with two further properties under management agreements
Market Cap
₹149 Cr
P / E (TTM)
48.8×
EV / EBITDA
67.3×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
0.7%·
ROCE (FY26)
ROE 0.7% · margin 25.4%
Leverage
0.95·
Debt / Equity · moderate
Net debt ₹331 Cr
Revenue FY24→FY26
1.0×▼
Margin −655.0 pts
₹30 Cr → ₹28 Cr
Cash conversion
-0.28×▼
Operating cash ÷ profit · 3 yrs
₹-71 Cr on ₹255 Cr
Moves on a normal day
2.29%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 65 Hotels & Resorts peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#48/57
P/B#6/57
ROCE#52/65
ROE#44/57
Debt / Equity#45/57
EBITDA margin#31/58
Revenue growth#33/58
Profit growth#49/55

Scorecard

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

Strengths
Nothing stands out in the filed numbers.
Concerns
Returns on capital 0.7%
#52 of 65 in Hotels & Resorts on the latest reported figures
Carries more debt than its peers — 0.95× equity
higher than 79% of its 57 Hotels & Resorts peers
Over 3 years it reported ₹255 Cr of profit and an operating cash outflow of ₹71 Cr — -0.28×
Less than 60p of every ₹1 of profit arrived as cash

Charts

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

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from HBG HOTELS LIMITED's filed financials and exchange disclosures

What does HBG HOTELS LIMITED do?

HBG HOTELS LIMITED is a Leisure Services company listed on BSE.

Is HBG HOTELS LIMITED profitable?

Yes. Over the trailing twelve months HBG HOTELS LIMITED reported a net profit of ₹3.06 Cr on revenue of ₹28 Cr.

Does HBG HOTELS LIMITED pay a dividend?

Not in the latest reported year — HBG HOTELS LIMITED's dividend payout for FY26 was nil.

Is HBG HOTELS LIMITED debt-free?

No. It reported borrowings of ₹354 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹331 Cr after cash. Debt stands at 0.95× equity. That is higher than 79% of its 57 Hotels & Resorts peers.

Is HBG HOTELS LIMITED expensive compared with its peers?

On trailing P/E, HBG HOTELS LIMITED ranks 48 of 57 in Hotels & Resorts — cheaper than 16% of them, against an industry median of 27.3×. This is a position, not a valuation judgement.

How much does the HBG HOTELS LIMITED share price move in a day?

On a typical session HBG HOTELS LIMITED moves 2.29% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track HBG HOTELS LIMITED's announcements?

Every NSE and BSE filing by HBG HOTELS LIMITED 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.