BSE: 539273
PECOS Hotels And Pubs Limited
Operates a chain of pubs under the Pecos brand in Bangalore, selling food and beverages to walk-in customers. In FY26, revenue from operations was Rs 1,196.77 lakhs, up 13.4% from Rs 1,055.32 lakhs in FY25, while profit after tax rose to Rs 164.03 lakhs from Rs 164.03 lakhs (FY25 figure Rs 143.04 lakhs), a growth of roughly 14.7%. The company carried no borrowings as of March 31, 2026, and held Rs 524.90 lakhs in cash and cash equivalents, with Rs 188.28 lakhs generated from operations. Employee cost accounted for 20.8% of revenue and other operating expenses for 26.3%, with no separately disclosed raw-material cost. One of its Koramangala branches was relocated to Brigade Road in the Shanthi Nagar ward of Bangalore during FY26, with management citing the new site as a more strategic location. The company pays final dividends and has been growing revenue at a roughly 34.3% five-year CAGR. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Pub and restaurant operations. Small, debt-free, single-segment pub and restaurant operator with multiple Bangalore outlets.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 9 | 10 | 11 | 12 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | (1.06) | 8.87 | 8.88 | 10.92 | 12.52 |
| ROE % · ROCE % | — · (3.6) | — · 27.0 | — · 28.7 | — · 29.1 | — · 29.2 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 0 | 2 | 1 | 1 | 2 |
| Capex | — | — | — | (0) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 4 | 5 | 5 | 5 | 5 | 6 | 6 |
| Profit before tax | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | 7.18 | 1.69 | 5.30 | 3.58 | 6.50 | 4.42 | 5.77 | 6.94 |
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. % |
|---|---|---|---|---|---|---|---|---|
| JUBILANT FOODWORKS LTD | 27,803 | 64.1 | 11.64 | 15.3 | 18.6 | 8.8 | 23.5 | 20.3 |
| TRAVEL FOOD SERVICES LTD | 15,123 | 31.8 | 10.33 | 20.3 | 30.9 | 33.5 | — | 46.0 |
| DEVYANI INTERNATIONAL LTD | 14,919 | — | 7.91 | 18.1 | (2.3) | (1.1) | — | 17.3 |
| WESTLIFE FOODWORLD LTD | 9,512 | 299.0 | 15.37 | — | 5.2 | — | 21.6 | 13.5 |
| RESTAURANT BRAND ASIA LTD | 6,575 | — | 9.55 | 18.2 | (29.6) | (7.8) | — | 14.6 |
| SAPPHIRE FOODS INDIA LTD | 6,460 | — | 4.65 | 13.4 | (2.3) | (1.4) | — | 16.3 |
| UNITED FOODBRANDS LIMITED | 2,506 | — | 7.80 | 12.6 | (19.3) | (6.3) | 21.4 | 16.7 |
| SPICE LOUNGE FOOD WORKS LIMITE | 1,276 | 50.8 | 10.37 | 83.5 | 7.9 | 3.9 | — | 13.9 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.2 | 56.3 | 1 of 9 | 100% |
| ROCE | 29.2 | 2.4 | 3 of 12 | 82% |
| Revenue growth | 27.7 | 16.6 | 3 of 12 | 82% |
| Market cap | 22 | 2506 | 13 of 13 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Quarterly demat confirmation certificate filed with BSE | compliance | minimal | — | — |
| 30 Sept 2026 · Board approves related party transaction with GSK Enterprises | general | medium | — | — |
| 30 Sept 2026 · Board approves related party transaction with GSK Enterprises | general | medium | — | — |
| 30 Sept 2026 · Board approves related party deal with GSK Enterprises | general | medium | — | — |
| 26 Sept 2026 · 21st AGM results: all 5 resolutions passed, Rs.4 dividend declared | board shareholder meetings | low | — | — |
| 26 Sept 2026 · 21st AGM results: all 5 resolutions passed, Rs 4 dividend declared | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 21st AGM held; dividend of Rs 4 per share declared; key resolutions passed | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Final dividend payment date announced for 29 September 2026 | corporate actions | medium | — | — |
| 25 Sept 2026 · Pecos Hotels 21st AGM concludes; Rs 4 per share dividend approved | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading window closed for half year ending Sep 30, 2026 | compliance | minimal | — | — |
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.