BSE: 543536
Silver Pearl Hospitality & Lux
Operates a hospitality property in Rakchham, where prolonged winter conditions and poor road access disrupted business in FY26. Revenue from operations came in at Rs 54.75 lakhs, down from Rs 79.63 lakhs the prior year, while the company also earned other income of Rs 80.05 lakhs, almost entirely interest from loans given, which exceeded operating revenue and drove the swing to a net profit of Rs 12.48 lakhs (versus a loss of Rs 16.65 lakhs in FY25). Employee costs ran at 107.5% of operating revenue and other operating expenses at 80.2%, leaving operating cash flow negative at Rs -103.94 lakhs for the year. The balance sheet is debt-free with total equity of Rs 1,351 lakhs at H1FY26, but cash balances were minimal at Rs 0.68 lakhs and the operations have been running for over 15 years as a BSE SME-listed entity with 184 shareholders on record. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hospitality operations, Interest income from loans given. Small, seasonal hospitality business with a parallel lending/investment book; SME-listed on BSE
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 |
| EBITDA (ex other income) | (0) | 0 | (0) | (0) |
| margin % | (2.3) | 22.3 | (19.1) | (87.7) |
| Owners' profit | (0) | 0 | (0) | 0 |
| EPS, as reported (₹) | (0.04) | 0.13 | (0.21) | 0.16 |
| ROE % · ROCE % | (0.2) · (0.3) | 0.8 · 0.8 | (1.2) · (1.1) | 0.9 · 1.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | 1 | (0) | (1) |
| Capex | (0) | (0) | 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 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 |
| Profit before tax | 0 | (0) | (0) | 0 | (0) | (0) | 0 | 0 |
| Net profit | 0 | (0) | (0) | 0 | (0) | (0) | 0 | 0 |
| EPS (₹) | 0.00 | (0.06) | (0.12) | 0.25 | (0.04) | (0.17) | 0.13 | 0.05 |
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 | 1,14,612 | 53.4 | 7.67 | 30.4 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED | 34,265 | 39.5 | 2.93 | 22.3 | 7.0 | 9.0 | — | 37.5 |
| LEELA PALACES HOTEL LTD | 20,355 | 33.6 | 3.15 | 27.0 | 6.2 | 5.9 | — | 43.2 |
| EIH LIMITED | 18,260 | 25.7 | 3.38 | 17.1 | 12.2 | 14.9 | 42.7 | 31.6 |
| CHALET HOTELS LIMITED | 17,481 | 33.1 | 4.73 | 16.0 | 17.4 | 13.6 | 56.6 | 45.5 |
| VENTIVE HOSPITALITY LTD | 12,684 | 26.4 | 1.88 | 11.2 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,500 | 36.1 | 4.09 | 15.7 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,172 | 63.1 | 12.59 | 42.2 | 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/B | 0.3 | 1.6 | 1 of 57 | 98% |
| ROCE | 1.3 | 4.9 | 46 of 65 | 30% |
| ROE | 0.9 | 6.3 | 42 of 57 | 27% |
| Debt / Equity | 0.0 | 0.2 | 1 of 57 | 88% |
| EBITDA margin | 448.1 | 29.5 | 1 of 58 | 100% |
| Revenue growth | (96.6) | 7.6 | 58 of 58 | 0% |
| Profit growth | (80.0) | 11.6 | 46 of 55 | 17% |
| Market cap | 3 | 246 | 65 of 66 | 2% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 17 Oct 2026 · Board Meeting on Nov 12 to approve H2 FY26-27 results | results | low | — | — |
| 10 Oct 2026 · RTA certificate under Reg 74(5) for QE Sept 2026 - no demat activity | compliance | minimal | — | — |
| 10 Oct 2026 · No NCDs or bonds outstanding; Regulation 57(5) not applicable | compliance | minimal | — | — |
| 29 Sept 2026 · Non-applicability of Reg 57(4) certificate for Q3 FY27 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1 for H1 results | compliance | minimal | — | — |
| 25 Sept 2026 · AGM voting results: all 5 resolutions approved with over 99% majority | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · AGM 2026: All 5 resolutions passed; MD Negi re-appointed for 5 years | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 16th AGM held; directors reappointed, voting results awaited | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Notice of 16th AGM published in newspapers; AGM on Sep 25, 2026 | compliance | minimal | — | — |
| 31 Aug 2026 · Silver Pearl 16th AGM on Sep 25; FY26 annual report filed with BSE | board shareholder meetings | medium | — | — |
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.