Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:13 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 509438 | NSE: BENARAS

Benares Hotels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹8,885.77Fairly Valued by 5.73%vs CMP ₹9,426.00

P/E (27.8) × ROE (28.3%) × BV (₹1,408.00) × DY (0.27%)

₹6,332.81Overvalued by 32.82%vs CMP ₹9,426.00
MoS: -48.8% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹13,392.4625%Under (+42.1%)
Graham NumberEarnings₹3,272.2818%Over (-65.3%)
Earnings PowerEarnings₹2,213.5112%Over (-76.5%)
DCFCash Flow₹8,275.7212%Over (-12.2%)
Net Asset ValueAssets₹1,408.138%Over (-85.1%)
EV/EBITDAEnterprise₹5,971.0810%Over (-36.7%)
Earnings YieldEarnings₹3,380.008%Over (-64.1%)
Revenue MultipleRevenue₹1,558.186%Over (-83.5%)
Consensus (8 models)₹6,332.81100%Overvalued
Key Drivers: EPS CAGR 50.7% lifts DCF — verify sustainability. | Wide model spread (₹1,408–₹13,392) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 50.7%

*Investments are subject to market risks

Investment Snapshot

75
Benares Hotels Ltd scores 75/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health80/100 · Strong
ROCE 37.3% ExcellentROE 28.3% ExcellentD/E 0.07 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.01% (6mo) Slight increasePromoter holding at 62.6% Stable
Earnings Quality65/100 · Strong
OPM expanding (34% → 44%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +15% YoY GrowingProfit (4Q): +13% YoY Positive
Industry Rank100/100 · Strong
P/E 27.8 vs industry 305.4 Cheaper than peersROCE 37.3% vs industry 12.6% Above peersROE 28.3% vs industry 10.4% Above peers3Y sales CAGR: 39% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:13 am

Market Cap 1,225 Cr.
Current Price 9,426
Intrinsic Value₹6,332.81
High / Low 12,000/9,000
Stock P/E27.8
Book Value 1,408
Dividend Yield0.27 %
ROCE37.3 %
ROE28.3 %
Face Value 10.0
PEG Ratio0.55

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Benares Hotels Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Benares Hotels Ltd 1,225 Cr. 9,426 12,000/9,00027.8 1,4080.27 %37.3 %28.3 % 10.0
Barbeque-Nation Hospitality Ltd 877 Cr. 224 712/219 92.80.00 %4.57 %7.36 % 5.00
Oriental Hotels Ltd 1,590 Cr. 89.0 169/80.028.6 38.70.56 %9.45 %5.99 % 1.00
Royal Orchid Hotels Ltd 840 Cr. 306 594/26922.5 87.60.82 %17.4 %22.4 % 10.0
EIH Associated Hotels Ltd 1,715 Cr. 281 435/26617.4 85.91.24 %25.7 %19.2 % 10.0
Industry Average7,257.68 Cr440.10305.42103.090.32%12.62%10.35%6.81

All Competitor Stocks of Benares Hotels Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 28282526343623243949252442
Expenses 16161616182014142027151622
Operating Profit 12119101616910192210820
OPM % 44%41%37%39%47%45%38%41%48%44%40%34%47%
Other Income 0011111111221
Interest 0000000000000
Depreciation 1111111212221
Profit before tax 1110891515910182110819
Tax % 25%25%26%25%25%25%25%26%26%25%26%26%25%
Net Profit 886711126714168614
EPS in Rs 63.7758.3848.4652.6286.9289.1549.4655.38104.31123.4658.3146.77109.46

Last Updated: February 2, 2026, 10:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 12:45 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 43475050476064245093121135140
Expenses 28313536364243243557697680
Operating Profit 1516151411172101536515960
OPM % 34%34%30%28%24%29%33%2%29%39%43%44%43%
Other Income 111211-0101356
Interest 0000011110000
Depreciation 2335456766666
Profit before tax 1414131181214-7831485859
Tax % 35%35%36%37%17%28%21%-25%27%25%25%26%
Net Profit 99876911-5623364344
EPS in Rs 69.0871.0065.2352.4649.8567.0881.62-40.2343.46179.85277.23332.69338.00
Dividend Payout % 29%28%31%29%30%22%9%0%23%11%9%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%-11.11%-12.50%-14.29%50.00%22.22%-145.45%220.00%283.33%56.52%19.44%
Change in YoY Net Profit Growth (%)0.00%-11.11%-1.39%-1.79%64.29%-27.78%-167.68%365.45%63.33%-226.81%-37.08%

Benares Hotels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:16%
3 Years:40%
TTM:16%
Compounded Profit Growth
10 Years:17%
5 Years:32%
3 Years:97%
TTM:23%
Stock Price CAGR
10 Years:23%
5 Years:49%
3 Years:59%
1 Year:20%
Return on Equity
10 Years:17%
5 Years:20%
3 Years:29%
Last Year:28%

Last Updated: September 5, 2025, 2:36 pm

Balance Sheet

Last Updated: December 4, 2025, 2:30 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1111111111111
Reserves 42485660647077717798132171182
Borrowings 0000559944444
Other Liabilities 12141418192018101417191923
Total Liabilities 5563717989971059195120156195210
Fixed Assets 26444341548191847873717068
CWIP 11134151000151933
Investments 0000000000000
Other Assets 191925342014147174779106108
Total Assets 5563717989971059195120156195210

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1013101191617216284142
Cash from Investing Activity + -17-7-6-12-8-16-13-1-11-17-25-43
Cash from Financing Activity + -3-3-3-33-3-3-2-6-2-3-4
Net Cash Flow -1040-43-41-1-0912-5
Free Cash Flow 2268-19-12116262924
CFO/OP 98%112%84%97%101%105%93%198%115%98%103%96%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow15.0016.0015.0014.006.0012.0012.00-9.0011.0032.0047.0055.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 211927313127251210171511
Inventory Days 80858585927962109
Days Payable 237299285367446429333235
Cash Conversion Cycle -136-195-173-251-323-323-246-11410171511
Working Capital Days 5392955-76-65-48-112-28-9-8-0
ROCE %34%31%25%18%12%17%18%-7%10%34%41%37%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.57%62.57%62.57%62.57%62.57%62.57%61.19%62.58%62.58%62.58%62.58%62.58%
FIIs 0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.02%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.02%0.01%
Public 37.42%37.43%37.42%37.43%37.43%37.42%38.82%37.42%37.41%37.40%37.40%37.40%
No. of Shareholders 4,4174,6184,9975,6016,3406,5816,6006,5726,6076,8106,9796,737

Shareholding Pattern Chart

No. of Shareholders

Benares Hotels Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 332.69277.25179.8543.48-40.22
Diluted EPS (Rs.) 332.69277.25179.8543.48-40.22
Cash EPS (Rs.) 379.07322.65226.0792.4313.12
Book Value[Excl.RevalReserv]/Share (Rs.) 1328.581023.05767.50598.75555.65
Book Value[Incl.RevalReserv]/Share (Rs.) 1328.581023.05767.50598.75555.65
Dividend / Share (Rs.) 25.0025.0020.0010.000.00
Revenue From Operations / Share (Rs.) 1042.05927.40717.88383.38186.45
PBDIT / Share (Rs.) 496.32418.18289.68113.237.41
PBIT / Share (Rs.) 449.93372.78243.4664.28-45.93
PBT / Share (Rs.) 447.00369.89240.6359.29-53.60
Net Profit / Share (Rs.) 332.69277.25179.8543.48-40.22
PBDIT Margin (%) 47.6245.0940.3529.533.97
PBIT Margin (%) 43.1740.1933.9116.76-24.63
PBT Margin (%) 42.8939.8833.5115.46-28.74
Net Profit Margin (%) 31.9229.8925.0511.34-21.57
Return on Networth / Equity (%) 25.0427.1023.437.26-7.23
Return on Capital Employeed (%) 32.1734.0428.929.54-7.46
Return On Assets (%) 22.1323.0919.435.94-5.75
Total Debt / Equity (X) 0.000.000.000.000.07
Asset Turnover Ratio (%) 0.770.870.860.530.24
Current Ratio (X) 7.594.483.561.360.47
Quick Ratio (X) 7.514.393.441.250.39
Inventory Turnover Ratio (X) 113.120.000.000.000.00
Dividend Payout Ratio (NP) (%) 7.517.215.560.00-18.64
Dividend Payout Ratio (CP) (%) 6.596.194.420.0057.15
Earning Retention Ratio (%) 92.4992.7994.440.00118.64
Cash Earning Retention Ratio (%) 93.4193.8195.580.0042.85
Interest Coverage Ratio (X) 169.08144.70102.4222.710.96
Interest Coverage Ratio (Post Tax) (X) 114.3496.9464.599.72-4.24
Enterprise Value (Cr.) 1364.661078.76392.03258.61170.14
EV / Net Operating Revenue (X) 10.078.954.205.197.02
EV / EBITDA (X) 21.1519.8410.4117.57176.68
MarketCap / Net Operating Revenue (X) 10.749.374.525.326.86
Retention Ratios (%) 92.4892.7894.430.00118.64
Price / BV (X) 8.428.494.233.412.30
Price / Net Operating Revenue (X) 10.749.374.525.326.86
EarningsYield 0.020.030.050.02-0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Benares Hotels Ltd. is a Public Limited Listed company incorporated on 03/11/1971 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L55101UP1971PLC003480 and registration number is 003480. Currently Company is involved in the business activities of Hotels and motels, inns, resorts providing short term lodging facilities; includes accommodation in house boats. Company's Total Operating Revenue is Rs. 135.47 Cr. and Equity Capital is Rs. 1.30 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsTaj Ganges, Nadesar Palace Compound, Varanasi Uttar Pradesh 221002Contact not found
Management
NamePosition Held
Dr. Anant Narain SinghChairman
Mr. Rohit KhoslaNon Exe.Non Ind.Director
Mr. Moiz MiyajiwalaInd. Non-Executive Director
Mr. Puneet RamanInd. Non-Executive Director
Mr. Beejal DesaiNon Exe.Non Ind.Director
Ms. Anita BelaniInd. Non-Executive Director

FAQ

What is the intrinsic value of Benares Hotels Ltd and is it undervalued?

As of 12 April 2026, Benares Hotels Ltd's intrinsic value is ₹6332.81, which is 32.82% lower than the current market price of ₹9,426.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (28.3 %), book value (₹1,408), dividend yield (0.27 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Benares Hotels Ltd?

Benares Hotels Ltd is trading at ₹9,426.00 as of 12 April 2026, with a FY2026-2027 high of ₹12,000 and low of ₹9,000. The stock is currently near its 52-week low. Market cap stands at ₹1,225 Cr..

How does Benares Hotels Ltd's P/E ratio compare to its industry?

Benares Hotels Ltd has a P/E ratio of 27.8, which is below the industry average of 305.42. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Benares Hotels Ltd financially healthy?

Key indicators for Benares Hotels Ltd: ROCE of 37.3 % indicates efficient capital utilization; ROE of 28.3 % shows strong shareholder returns. Dividend yield is 0.27 %.

Is Benares Hotels Ltd profitable and how is the profit trend?

Benares Hotels Ltd reported a net profit of ₹43 Cr in Mar 2025 on revenue of ₹135 Cr. Compared to ₹6 Cr in Mar 2022, the net profit shows an improving trend.

Does Benares Hotels Ltd pay dividends?

Benares Hotels Ltd has a dividend yield of 0.27 % at the current price of ₹9,426.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Benares Hotels Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports