BSE: 544433
Valencia India Limited
Operates a hospitality business — classified under Hotels & Resorts — and is currently in a heavy expansion phase to build new villa inventory and a club house. Revenue from operations in FY26 stood at ₹892.98 lakhs, up 16.3% from ₹767.73 lakhs in FY25, with half-yearly revenue to September 30, 2025 rising about 72% year-on-year to ₹387.98 lakhs, indicating sharper recent growth in core hospitality operations. Cost structure is dominated by employee costs (15.6% of revenue) and other operating expenses (20.3%), with materials at 12.5% and depreciation at 7.5%; the EBITDA margin came in at 51.9% in FY26. The company raised ₹48.95 crore via an SME IPO in July 2025 and is deploying ₹3,742.11 lakhs of those proceeds into development of 15 villas and a club house, alongside funds for general corporate purposes. Total assets stood at ₹70.82 crore as of FY26, with capex running at 528% of revenue, reflecting the build-out phase. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hospitality operations (100%). Small, asset-heavy hospitality company in a build-out phase, recently listed on BSE SME platform
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 8 | 9 |
| EBITDA (ex other income) | — | 5 |
| margin % | — | 51.6 |
| Owners' profit | — | 2 |
| EPS, as reported (₹) | 2.04 | 1.84 |
| ROE % · ROCE % | — · 18.5 | 3.9 · 6.1 |
| Debt / equity (x) | — | 0.21 |
| Cash from operations | 3 | 0 |
| Capex | (5) | (47) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 3 | 4 | 5 |
| Profit before tax | 1 | 2 | 1 |
| Net profit | — | — | 1 |
| EPS (₹) | 0.98 | 0.88 | 1.03 |
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 | 1,15,701 | 53.9 | 7.74 | 30.7 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED | 34,472 | 39.8 | 2.95 | 22.4 | 7.0 | 9.0 | — | 37.5 |
| LEELA PALACES HOTEL LTD | 19,829 | 32.8 | 3.07 | 26.4 | 6.2 | 5.9 | — | 43.2 |
| EIH LIMITED | 18,135 | 25.5 | 3.35 | 17.0 | 12.2 | 14.9 | 42.7 | 31.6 |
| CHALET HOTELS LIMITED | 17,782 | 33.6 | 4.81 | 16.2 | 17.4 | 13.6 | 56.6 | 45.5 |
| VENTIVE HOSPITALITY LTD | 12,520 | 26.1 | 1.85 | 11.1 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,434 | 35.9 | 4.06 | 15.6 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,146 | 62.8 | 12.52 | 42.0 | 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/E (TTM) | 5.9 | 26.1 | 9 of 57 | 86% |
| P/B | 0.4 | 1.6 | 7 of 57 | 89% |
| ROCE | 4.7 | 4.9 | 35 of 65 | 47% |
| ROE | 3.9 | 6.3 | 34 of 57 | 41% |
| Debt / Equity | 0.2 | 0.2 | 30 of 57 | 48% |
| EBITDA margin | 47.4 | 29.5 | 11 of 58 | 83% |
| Market cap | 22 | 237 | 55 of 66 | 17% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · Board meeting on Oct 31, 2026 to consider H1 FY26-27 results | results | low | — | — |
| 5 Oct 2026 · Reg 74(5) compliance certificate for quarter ended September 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · Appointment of Statutory Auditors for five-year term | management changes | medium | — | — |
| 1 Oct 2026 · Valencia India 9th AGM: All 3 resolutions passed with near-unanimous support | board shareholder meetings | low | — | — |
| 1 Oct 2026 · 9th AGM held via video conferencing, 3 resolutions considered | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closure for Designated Persons Ahead of H2 Results | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report FY2025-26 submitted; revenue up, EPS dips | compliance | minimal | — | — |
| 3 Sept 2026 · Notice of 9th AGM of Valencia India on September 30, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board approves 9th AGM notice, auditor reappointment for 5 years | board shareholder meetings | low | — | — |
| 15 Jul 2026 · Reg 74(5) certificate filing for quarter ended June 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.