BRIGHOTEL

Brigade Hotel Ventures Limited

Luxury and mid-scale hotel owner-operator with business and upscale properties

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

bhvl.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹55.41
Market cap
2,105 Cr
Stock P/E
30.9
P/B
2.19
ROE (FY26)
6.0%
ROCE (FY26)
12.3%
Operating margin (FY26)
22.8%
Debt / equity (FY26)
0.15
OCF / EBITDA (FY26)
114.7%
OCF / EBITDA (3Y)
104.9%

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.

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Compare with peers

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What you need to know

Brigade Hotel Ventures (BHVL) owns nine operating branded hotels with about 1,600 rooms, mainly in southern Indian cities, and earns from room stays, food and beverage, and events for business and leisure guests.

Company snapshot

14thBy market cap

Ranked among 37 companies in Hotels & Resorts.

What we see

Positives
  • ✓105% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

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

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales124 Cr126 Cr139 Cr136 Cr127 Cr
Operating expenses (approx.)83 Cr89 Cr91 Cr88 Cr85 Cr
EBITDA41 Cr37 Cr47 Cr49 Cr42 Cr
OPM %33.0%29.5%34.1%35.6%32.8%
Other income0.87 Cr4 Cr4 Cr9 Cr4 Cr
Interest19 Cr14 Cr9 Cr10 Cr9 Cr
Depreciation13 Cr14 Cr13 Cr14 Cr14 Cr
Profit before tax10 Cr14 Cr29 Cr34 Cr23 Cr
Tax %25.6%24.9%24.7%25.7%25.4%
Net profit7 Cr11 Cr22 Cr25 Cr17 Cr
EPS (₹)₹0.22₹0.26₹0.53₹0.60₹0.42

Profit & loss (annual)

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

MetricMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales350 Cr402 Cr468 Cr525 CrSign in free for the trailing twelve months
Operating expenses (approx.)253 Cr260 Cr304 Cr351 CrSign in free for the trailing twelve months
EBITDA97 Cr141 Cr164 Cr174 CrSign in free for the trailing twelve months
OPM %27.6%35.2%35.1%33.1%Sign in free for the trailing twelve months
Other income6 Cr3 Cr2 Cr18 CrSign in free for the trailing twelve months
Interest69 Cr69 Cr73 Cr52 CrSign in free for the trailing twelve months
Depreciation49 Cr44 Cr50 Cr54 CrSign in free for the trailing twelve months
Profit before tax-5 Cr32 Cr45 Cr86 CrSign in free for the trailing twelve months
Tax %31.9%2.9%46.8%25.2%Sign in free for the trailing twelve months
Net profit-3 Cr31 Cr24 Cr65 CrSign in free for the trailing twelve months
EPS (₹)₹-0.14₹0.88₹0.72₹1.68Sign in free for the trailing twelve months
Dividend payout %———0.0%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 2023Mar 2024Mar 2025Mar 2026
Equity capital1 Cr1 Cr281 Cr380 Cr
Reserves41 Cr66 Cr-195 Cr579 Cr
Borrowings633 Cr601 Cr617 Cr140 Cr
Other liabilities160 Cr207 Cr228 Cr261 Cr
Total liabilities841 Cr887 Cr948 Cr1,382 Cr
Fixed assets (net)627 Cr651 Cr730 Cr904 Cr
CWIP29 Cr72 Cr20 Cr96 Cr
Investments0.06 Cr0.06 Cr0.06 Cr0.06 Cr
Inventories4 Cr6 Cr7 Cr7 Cr
Trade receivables21 Cr22 Cr23 Cr24 Cr
Cash & bank8 Cr8 Cr11 Cr22 Cr
Other assets152 Cr129 Cr157 Cr329 Cr
Total assets841 Cr887 Cr948 Cr1,382 Cr

Cash flows

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

MetricMar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity108 Cr155 Cr149 Cr200 Cr
Cash from investing0.98 Cr-45 Cr-95 Cr-464 Cr
Cash from financing-132 Cr-92 Cr-82 Cr308 Cr
Net cash flow-23 Cr17 Cr-28 Cr44 Cr
Free cash flow (OCF − Capex)—100 Cr54 Cr-61 Cr

Ratios

MetricMar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.5%14.8%16.3%12.3%
ROE %-8.0%31.5%19.7%6.0%
Debtor days22201816
Inventory days45535557
Days payable326247310333
Cash conversion cycle-260-174-238-260
OCF / EBITDA %111.4%109.5%90.6%114.7%
OCF / EBITDA % (3 years)——102.2%104.9%
Debt / equity15.028.977.110.15
Current ratio0.420.530.442.44
Net debt / EBITDA6.454.193.690.68