BENARAS

Benares Hotels Limited

Benares Hotels Limited (BENARAS) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Consumer Services›Leisure Services›Hotels & Resorts

benareshotelslimited.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹10482.00
Market cap
1,363 Cr
Stock P/E
31.0
P/B
6.41
Dividend yield
0.2%
ROE (FY26)
20.3%
ROCE (FY26)
27.5%
Operating margin (FY26)
38.0%
OCF / EBITDA (FY26)
81.7%
OCF / EBITDA (3Y)
86.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

Company snapshot

18thBy market cap

Ranked among 37 companies in Hotels & Resorts.

What we see

Positives
  • ✓Net margin of 31.1% — the business keeps a healthy share of every rupee it earns.
3 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales26 Cr34 Cr36 Cr23 Cr24 Cr39 Cr49 Cr25 Cr24 Cr42 Cr49 Cr34 Cr
Operating expenses (approx.)16 Cr18 Cr20 Cr14 Cr14 Cr20 Cr27 Cr15 Cr16 Cr22 Cr27 Cr21 Cr
EBITDA10 Cr16 Cr16 Cr9 Cr10 Cr19 Cr22 Cr10 Cr8 Cr20 Cr22 Cr12 Cr
OPM %38.7%47.2%44.5%38.5%41.1%48.1%44.2%40.1%34.5%46.9%44.9%36.9%
Other income0.67 Cr0.86 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr1 Cr1 Cr1 Cr
Interest0.09 Cr0.09 Cr0.09 Cr0.09 Cr0.10 Cr0.10 Cr0.09 Cr0.10 Cr0.10 Cr0.10 Cr0.10 Cr0.12 Cr
Depreciation1 Cr1 Cr1 Cr1 Cr2 Cr1 Cr2 Cr2 Cr2 Cr1 Cr2 Cr3 Cr
Profit before tax9 Cr15 Cr15 Cr9 Cr10 Cr18 Cr21 Cr10 Cr8 Cr19 Cr21 Cr11 Cr
Tax %25.0%25.3%24.5%25.3%25.6%26.0%25.3%25.6%26.4%24.6%26.0%25.5%
Net profit7 Cr11 Cr12 Cr6 Cr7 Cr14 Cr16 Cr8 Cr6 Cr14 Cr15 Cr8 Cr
EPS (₹)₹52.64₹86.96₹89.18₹49.48₹55.41₹104.31₹123.49₹58.32₹46.76₹109.48₹118.05₹63.45

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales50 Cr47 Cr60 Cr64 Cr24 Cr50 Cr93 Cr121 Cr135 Cr139 CrSign in free for the trailing twelve months
Operating expenses (approx.)36 Cr36 Cr42 Cr43 Cr24 Cr35 Cr57 Cr69 Cr76 Cr80 CrSign in free for the trailing twelve months
EBITDA14 Cr11 Cr17 Cr21 Cr0.39 Cr15 Cr36 Cr51 Cr59 Cr60 CrSign in free for the trailing twelve months
OPM %27.9%23.8%29.2%32.6%1.6%29.3%38.7%42.4%43.8%42.9%Sign in free for the trailing twelve months
Other income2 Cr0.85 Cr0.71 Cr0.20 Cr0.57 Cr0.10 Cr2 Cr3 Cr5 Cr6 CrSign in free for the trailing twelve months
Interest—0.12 Cr0.76 Cr1 Cr1.00 Cr0.65 Cr0.37 Cr0.38 Cr0.38 Cr0.39 CrSign in free for the trailing twelve months
Depreciation5 Cr4 Cr5 Cr6 Cr7 Cr6 Cr6 Cr6 Cr6 Cr7 CrSign in free for the trailing twelve months
Profit before tax11 Cr8 Cr12 Cr13 Cr-7 Cr8 Cr31 Cr48 Cr58 Cr58 CrSign in free for the trailing twelve months
Tax %36.5%17.4%28.4%21.4%25.0%26.7%25.3%25.0%25.6%25.5%Sign in free for the trailing twelve months
Net profit7 Cr6 Cr9 Cr11 Cr-5 Cr6 Cr23 Cr36 Cr43 Cr43 CrSign in free for the trailing twelve months
EPS (₹)₹52.44₹49.87₹67.10₹81.63₹-40.22₹43.48₹179.85₹277.25₹332.69₹332.61Sign in free for the trailing twelve months
Dividend payout %—————0.0%5.6%7.2%7.5%7.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Reserves60 Cr64 Cr70 Cr77 Cr71 Cr77 Cr98 Cr132 Cr171 Cr211 Cr
Borrowings—5 Cr5 Cr6 Cr6 Cr—————
Other liabilities18 Cr19 Cr20 Cr21 Cr13 Cr17 Cr21 Cr23 Cr23 Cr44 Cr
Total liabilities79 Cr89 Cr97 Cr105 Cr91 Cr95 Cr120 Cr156 Cr195 Cr257 Cr
Fixed assets (net)40 Cr53 Cr81 Cr89 Cr82 Cr76 Cr72 Cr70 Cr89 Cr157 Cr
CWIP4 Cr15 Cr1 Cr0.04 Cr0.11 Cr0.23 Cr0.64 Cr5 Cr—0.82 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories1 Cr1 Cr1 Cr1 Cr0.82 Cr0.80 Cr1 Cr1 Cr1 Cr2 Cr
Trade receivables4 Cr4 Cr4 Cr4 Cr0.78 Cr1 Cr4 Cr5 Cr4 Cr6 Cr
Cash & bank2 Cr5 Cr1 Cr2 Cr1 Cr0.74 Cr10 Cr22 Cr17 Cr3 Cr
Other assets28 Cr11 Cr8 Cr9 Cr6 Cr16 Cr33 Cr52 Cr84 Cr88 Cr
Total assets79 Cr89 Cr97 Cr105 Cr91 Cr95 Cr120 Cr156 Cr195 Cr257 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity11 Cr9 Cr16 Cr17 Cr2 Cr16 Cr28 Cr41 Cr57 Cr49 Cr
Cash from investing-12 Cr-8 Cr-16 Cr-13 Cr-0.84 Cr-11 Cr-17 Cr-25 Cr-14 Cr-59 Cr
Cash from financing-3 Cr3 Cr-3 Cr-3 Cr-2 Cr-6 Cr-2 Cr-3 Cr-19 Cr-4 Cr
Net cash flow-4 Cr3 Cr-4 Cr0.70 Cr-0.59 Cr-0.49 Cr9 Cr12 Cr25 Cr-14 Cr
Free cash flow (OCF − Capex)8 Cr-20 Cr-1 Cr2 Cr0.72 Cr16 Cr26 Cr29 Cr40 Cr-11 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.5%11.3%16.9%17.4%-7.7%10.7%31.7%36.4%33.9%27.5%
ROE %11.1%9.9%12.2%13.6%-7.2%7.3%23.4%27.1%25.0%20.3%
Debtor days31312725121017151115
Inventory days859179621096554483868
Days payable367445428333234245233240176297
Cash conversion cycle-251-323-322-246-113-169-163-177-128-215
OCF / EBITDA %78.5%77.1%90.1%80.8%n.m.110.7%77.4%79.3%96.4%81.7%
OCF / EBITDA % (3 years)——82.9%83.2%89.6%97.9%90.4%83.1%85.8%86.1%
Debt / equity—0.080.070.070.08———0.00—
Current ratio2.990.800.570.640.471.363.564.487.592.85
Net debt / EBITDA-0.130.020.220.1810.88-0.05-0.27-0.43-0.29-0.06