PRAVEG LTD.

Operates a portfolio of eco-luxury resorts, hotels and a theme park in India, with FY26 revenue of 240.94 crore flowing from two named segments: Event, Exhibitions & Hospitality (183.98 crore) and Advertisement (56.97 crore). The hospitality arm ran 825+ rooms across 17 resorts and 1 hotel at year-end, served 1.4 million+ meals and 1.2 lakh+ room nights in FY26, and is layering in capacity through a 35-year White Rann Kutch award for 252 beds (126 rooms), a Meghalaya Letter of Award for 40 luxury cottages on a 30-year DBFOT, and Lakshadweep launches (Bangaram live via Taj SeleQtions, Thinnakara North opening imminently). Praveg Adalaj Theme Park commenced operations on September 25, 2025, and a 'Vision 2028' target covers 2,500+ rooms across 65+ locations. The Advertisement vertical sits in subsidiary Abhik Advertising and is being rebuilt after being deprioritised. The largest cost line is materials at 51.6% of revenue (124.25 crore), covering food & beverage, room supplies and event infrastructure, followed by depreciation at 20.3% on a fast-expanding asset base — FY26 capex was 125.95 crore (52.3% of revenue). Despite 44.13% revenue growth, the company posted a net loss of 9.97 crore as finance costs rose 80% to 14.49 crore and depreciation rose 75% to 48.80 crore.