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Last Updated: April 2, 2026, 3:47 am
Author: Getaka|Social: XLinkedIn

TGB Banquets & Hotels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹6.70Overvalued by 18.19%vs CMP ₹8.19

P/E (12.2) × ROE (2.6%) × BV (₹26.10) × DY (2.00%)

₹15.42Undervalued by 88.28%vs CMP ₹8.19
MoS: +46.9% (Strong)Confidence: 54/100 (Moderate)Models: 6 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹10.3227%Under (+26%)
Graham NumberEarnings₹19.8416%Under (+142.2%)
DCFCash Flow₹10.0813%Under (+23.1%)
Net Asset ValueAssets₹26.109%Under (+218.7%)
EV/EBITDAEnterprise₹36.7711%Under (+349%)
Earnings YieldEarnings₹6.709%Over (-18.2%)
ROCE CapitalReturns₹4.309%Over (-47.5%)
Revenue MultipleRevenue₹12.997%Under (+58.6%)
Consensus (8 models)₹15.42100%Undervalued
Key Drivers: EPS CAGR 53.9% lifts DCF — verify sustainability. | ROE 2.6% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 53.9%

*Investments are subject to market risks

Investment Snapshot

48
TGB Banquets & Hotels Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 4.3% WeakROE 2.6% WeakD/E 0.81 ModerateInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 31.2% Stable
Earnings Quality55/100 · Moderate
OPM expanding (-11% → 9%) ImprovingWorking capital: 536 days Capital intensive
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +14% YoY GrowingOPM: 19.5% (down 3.1% YoY) Margin pressure
Industry Rank45/100 · Moderate
P/E 12.2 vs industry 305.4 Cheaper than peersROCE 4.3% vs industry 12.6% Below peersROE 2.6% vs industry 10.4% Below peers3Y sales CAGR: 12% Moderate

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.

TGB Banquets & Hotels Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
70/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 12.2 vs Ind 305.4 | ROCE 4.3% | ROE 2.6% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.81x | IntCov 0.0x | Current 1.01x | Borrow/Reserve 0.39x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹2 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII N/A | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +22.8% | Q NP +214.3% | Q OPM +1.7 pp
Derived FieldValueHow it is derived
Valuation Gap %+88.3%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.39xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-171Latest shareholder count minus previous count
Quarterly Sales Change+22.8%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+214.3%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+1.7 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:47 am

Market Cap 24.0 Cr.
Current Price 8.19
Intrinsic Value₹15.42
High / Low 14.3/7.50
Stock P/E12.2
Book Value 26.1
Dividend Yield0.00 %
ROCE4.30 %
ROE2.58 %
Face Value 10.0
PEG Ratio0.23

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

View Share Price Target for TGB Banquets & Hotels Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
TGB Banquets & Hotels Ltd 24.0 Cr. 8.19 14.3/7.5012.2 26.10.00 %4.30 %2.58 % 10.0
Gujarat Hotels Ltd 67.8 Cr. 179 355/16611.8 1321.68 %15.0 %11.4 % 10.0
HS India Ltd 14.6 Cr. 9.00 15.3/8.3511.2 19.80.00 %7.04 %4.51 % 10.0
Taj GVK Hotels & Resorts Ltd 1,998 Cr. 319 540/28117.0 1080.63 %20.8 %16.2 % 2.00
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 TGB Banquets & Hotels Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9.139.167.678.7310.788.887.078.6110.2311.598.878.6110.57
Expenses 7.0110.696.007.258.5515.365.707.027.9210.407.227.088.51
Operating Profit 2.12-1.531.671.482.23-6.481.371.592.311.191.651.532.06
OPM % 23.22%-16.70%21.77%16.95%20.69%-72.97%19.38%18.47%22.58%10.27%18.60%17.77%19.49%
Other Income 0.153.570.240.390.123.440.290.220.121.560.230.350.27
Interest 0.460.230.440.350.390.310.240.320.450.450.390.360.36
Depreciation 1.271.231.301.341.301.201.281.281.291.401.311.311.31
Profit before tax 0.540.580.170.180.66-4.550.140.210.690.900.180.210.66
Tax % 0.00%13.79%0.00%0.00%0.00%0.44%0.00%0.00%0.00%-2.22%0.00%0.00%0.00%
Net Profit 0.540.510.170.180.66-4.570.140.210.680.910.180.210.66
EPS in Rs 0.180.170.060.060.23-1.560.050.070.230.310.060.070.23

Last Updated: March 3, 2026, 2:18 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 3:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 156.39139.69136.47136.86118.7480.8033.5814.7926.7838.3836.3338.0639.64
Expenses 118.72111.06114.93112.35141.31123.0149.1317.5335.8633.7036.8530.6933.21
Operating Profit 37.6728.6321.5424.51-22.57-42.21-15.55-2.74-9.084.68-0.527.376.43
OPM % 24.09%20.50%15.78%17.91%-19.01%-52.24%-46.31%-18.53%-33.91%12.19%-1.43%19.36%16.22%
Other Income 1.951.972.252.8018.180.3920.31-2.28-8.823.813.931.632.41
Interest 21.2921.4218.7215.753.421.541.281.341.861.871.821.811.56
Depreciation 12.8421.1120.5119.464.942.753.062.003.635.185.135.265.33
Profit before tax 5.49-11.93-15.44-7.90-12.75-46.110.42-8.36-23.391.44-3.541.931.95
Tax % 66.30%-6.12%-1.30%-16.20%-104.24%17.65%-104.76%-1.44%-12.87%5.56%0.56%-1.04%
Net Profit 1.85-11.21-15.24-6.620.54-54.250.86-8.25-20.371.36-3.561.941.96
EPS in Rs 0.63-3.83-5.20-2.260.18-18.520.29-2.82-6.960.46-1.220.660.67
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-705.95%-35.95%56.56%108.16%-10146.30%101.59%-1059.30%-146.91%106.68%-361.76%154.49%
Change in YoY Net Profit Growth (%)0.00%670.00%92.51%51.60%-10254.45%10247.88%-1160.89%912.39%253.59%-468.44%516.26%

TGB Banquets & 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:-12%
5 Years:2%
3 Years:12%
TTM:11%
Compounded Profit Growth
10 Years:8%
5 Years:21%
3 Years:29%
TTM:155%
Stock Price CAGR
10 Years:-15%
5 Years:14%
3 Years:-4%
1 Year:-25%
Return on Equity
10 Years:-10%
5 Years:-4%
3 Years:0%
Last Year:3%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: December 4, 2025, 2:05 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 29.2929.2929.2929.2929.2929.2929.2929.2929.2929.2929.2929.2929.29
Reserves 118.76105.4090.16127.46128.3074.3975.5867.0746.9248.3044.8546.8047.19
Borrowings 132.79126.78111.18102.5412.1811.3212.9811.5720.5515.887.5815.9918.56
Other Liabilities 87.0786.0298.39105.7174.2966.1646.9155.6837.3332.0927.7224.2622.93
Total Liabilities 367.91347.49329.02365.00244.06181.16164.76163.61134.09125.56109.44116.34117.97
Fixed Assets 236.10216.61197.07221.9378.0173.8170.8468.8520.4814.9611.1121.1018.60
CWIP 0.000.380.000.000.000.000.000.000.000.000.000.000.00
Investments 5.005.005.005.005.005.005.000.000.000.000.000.000.00
Other Assets 126.81125.50126.95138.07161.05102.3588.9294.76113.61110.6098.3395.2499.37
Total Assets 367.91347.49329.02365.00244.06181.16164.76163.61134.09125.56109.44116.34117.97

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 38.9612.6631.6231.48-55.46-2.16-3.29-0.29-42.444.9010.2210.51
Cash from Investing Activity + -8.72-3.38-0.070.02149.840.260.331.6550.210.04-0.22-0.52
Cash from Financing Activity + -19.43-27.31-34.30-28.58-94.850.050.58-2.13-7.47-5.35-10.22-8.07
Net Cash Flow 10.81-18.04-2.752.91-0.47-1.86-2.38-0.780.31-0.41-0.221.91
Free Cash Flow 29.348.3231.0431.0797.23-2.99-3.260.947.414.609.099.85
CFO/OP 107%45%147%134%230%-9%17%7%459%112%-1,965%147%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-95.12-98.15-89.64-78.03-34.75-53.53-28.53-14.31-29.63-11.20-8.10-8.62

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 52.6567.3668.04103.82141.9937.31115.65250.49150.0681.3161.5968.57
Inventory Days 259.43327.32308.00274.65218.82205.59150.27278.95146.6993.07121.48169.48
Days Payable 200.19209.29197.18217.91230.62198.19535.041,039.78409.76205.36132.45184.76
Cash Conversion Cycle 111.89185.40178.86160.56130.1944.72-269.12-510.34-113.01-30.9850.6253.29
Working Capital Days -14.547.53-10.97-40.30206.8197.48336.96698.41698.24517.35552.37535.61
ROCE %9.60%3.57%1.33%3.20%-10.74%-31.30%1.35%-2.90%-12.06%3.48%-1.97%4.30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 31.71%31.71%31.71%31.71%31.71%31.71%31.22%31.22%31.22%31.22%31.22%31.22%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.23%0.00%0.00%0.00%0.00%0.00%
Public 68.29%68.29%68.29%68.29%68.30%68.28%68.55%68.77%68.77%68.78%68.76%68.76%
No. of Shareholders 9,8299,81610,34611,70811,57911,97412,13812,17812,32612,38212,47812,307

Shareholding Pattern Chart

No. of Shareholders

TGB Banquets & 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 20Mar 19Mar 18Mar 17Mar 16
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.29-18.520.60-2.26-5.20
Diluted EPS (Rs.) 0.29-18.520.60-2.26-5.20
Cash EPS (Rs.) 1.34-17.592.294.381.80
Book Value[Excl.RevalReserv]/Share (Rs.) 34.5234.1252.5351.8339.09
Book Value[Incl.RevalReserv]/Share (Rs.) 34.5234.1252.5351.8339.09
Revenue From Operations / Share (Rs.) 11.4727.5940.5446.7346.60
PBDIT / Share (Rs.) 1.61-14.33-6.269.318.12
PBIT / Share (Rs.) 0.56-15.27-7.952.661.11
PBT / Share (Rs.) 0.14-15.74-3.93-2.70-5.27
Net Profit / Share (Rs.) 0.29-18.520.60-2.26-5.20
NP After MI And SOA / Share (Rs.) 0.29-18.520.60-2.26-5.20
PBDIT Margin (%) 14.04-51.93-15.4419.9117.41
PBIT Margin (%) 4.94-55.33-19.605.702.38
PBT Margin (%) 1.23-57.06-9.70-5.76-11.31
Net Profit Margin (%) 2.55-67.131.48-4.83-11.16
NP After MI And SOA Margin (%) 2.55-67.131.48-4.83-11.16
Return on Networth / Equity (%) 0.84-54.291.14-4.35-13.31
Return on Capital Employeed (%) 1.49-41.26-14.483.501.59
Return On Assets (%) 0.53-30.500.73-1.83-4.69
Long Term Debt / Equity (X) 0.060.040.030.360.65
Total Debt / Equity (X) 0.130.110.070.480.81
Asset Turnover Ratio (%) 0.190.380.390.390.40
Current Ratio (X) 1.671.391.930.931.01
Quick Ratio (X) 1.601.151.650.710.75
Interest Coverage Ratio (X) 3.79-30.11-5.751.741.27
Interest Coverage Ratio (Post Tax) (X) 1.69-37.92-3.130.570.18
Enterprise Value (Cr.) 18.4541.30114.65223.95292.33
EV / Net Operating Revenue (X) 0.540.510.961.642.14
EV / EBITDA (X) 3.91-0.98-6.258.2212.30
MarketCap / Net Operating Revenue (X) 0.190.410.911.141.50
Price / BV (X) 0.060.330.701.031.79
Price / Net Operating Revenue (X) 0.190.410.911.141.50
EarningsYield 0.12-1.610.01-0.04-0.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

TGB Banquets and Hotels Ltd. is a Public Limited Listed company incorporated on 01/11/1999 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L55100GJ1999PLC036830 and registration number is 036830. 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. 38.06 Cr. and Equity Capital is Rs. 29.29 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsThe Grand Bhagwati, Plot No. 380, S. G. Road, Ahmedabad Gujarat 380054Contact not found
Management
NamePosition Held
Mr. Narendra G SomaniChairman & Managing Director
Mr. Devanand G SomaniWhole Time Director
Mr. Hemant G SomaniWhole Time Director
Mr. Mansukhlal A NakraniInd. Non-Executive Director
Mrs. Jasmin J DoshiInd. Non-Executive Director
Mr. Nishit B PopatInd. Non-Executive Director

FAQ

What is the intrinsic value of TGB Banquets & Hotels Ltd and is it undervalued?

As of 05 April 2026, TGB Banquets & Hotels Ltd's intrinsic value is ₹15.42, which is 88.28% higher than the current market price of ₹8.19, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.58 %), book value (₹26.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of TGB Banquets & Hotels Ltd?

TGB Banquets & Hotels Ltd is trading at ₹8.19 as of 05 April 2026, with a FY2026-2027 high of ₹14.3 and low of ₹7.50. The stock is currently near its 52-week low. Market cap stands at ₹24.0 Cr..

How does TGB Banquets & Hotels Ltd's P/E ratio compare to its industry?

TGB Banquets & Hotels Ltd has a P/E ratio of 12.2, 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 TGB Banquets & Hotels Ltd financially healthy?

Key indicators for TGB Banquets & Hotels Ltd: ROCE of 4.30 % is on the lower side compared to the industry average of 12.62%; ROE of 2.58 % is below ideal levels (industry average: 10.35%). Dividend yield is 0.00 %.

Is TGB Banquets & Hotels Ltd profitable and how is the profit trend?

TGB Banquets & Hotels Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹38 Cr. Compared to ₹-20 Cr in Mar 2022, the net profit shows an improving trend.

Does TGB Banquets & Hotels Ltd pay dividends?

TGB Banquets & Hotels Ltd has a dividend yield of 0.00 % at the current price of ₹8.19. The company is currently not paying meaningful dividends.

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 TGB Banquets & 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
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