Benares Hotels Ltd

Benares Hotels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Benares Hotels Ltd

₹ 8,146 0.02%
21 Nov - close price
benareshotelslimited.com BSE: 509438
About

Incorporated in 1971, Benares Hotels Ltd is in the business of operating hotels[1]

Key Points

Business Overview:[1][2]
a) BHL is a subsidiary of The Indian Hotels Company Limited, a company promoted by Tata Son Private Limited
b) Company operates its hotels,
viz. Taj Ganges and Nadesar Palace
in Varanasi and Ginger Hotel, Gondia
in Maharashtra.
c) Ginger Hotel at Gondia has ~34
rooms, while Taj Ganges and Nadesar
Palace at Varanasi has 144 rooms and
suits.

Website BSE
  • Market Cap ₹ 1,059 Cr.
  • Current Price ₹ 8,146
  • High / Low ₹ 10,051 / 6,820
  • Stock P/E 29.0
  • Book Value ₹ 1,103
  • Dividend Yield 0.31 %
  • ROCE 40.6 %
  • ROE 31.1 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 33.6% CAGR over last 5 years

Cons

  • Stock is trading at 7.39 times its book value
  • Promoter holding has decreased over last quarter: -1.38%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Hotels & Restaurants Industry: Hotels

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
10.60 19.27 16.12 19.85 17.72 28.26 27.50 25.47 25.90 33.61 35.58 23.00 24.47
8.16 11.67 10.36 12.35 12.63 15.93 16.27 16.07 15.88 17.76 19.74 14.16 14.40
Operating Profit 2.44 7.60 5.76 7.50 5.09 12.33 11.23 9.40 10.02 15.85 15.84 8.84 10.07
OPM % 23.02% 39.44% 35.73% 37.78% 28.72% 43.63% 40.84% 36.91% 38.69% 47.16% 44.52% 38.43% 41.15%
0.03 0.01 0.06 0.19 0.50 0.33 0.49 0.64 0.67 0.86 1.06 1.35 1.24
Interest 0.21 0.13 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.10
Depreciation 1.61 1.58 1.55 1.53 1.51 1.49 1.48 1.49 1.48 1.49 1.45 1.49 1.53
Profit before tax 0.65 5.90 4.18 6.07 3.99 11.08 10.15 8.46 9.12 15.13 15.36 8.61 9.68
Tax % 26.15% 25.25% 27.27% 25.21% 25.56% 25.18% 25.22% 25.65% 25.11% 25.25% 24.54% 25.32% 25.62%
0.48 4.41 3.03 4.54 2.97 8.29 7.59 6.30 6.84 11.30 11.59 6.43 7.20
EPS in Rs 3.69 33.92 23.31 34.92 22.85 63.77 58.38 48.46 52.62 86.92 89.15 49.46 55.38
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
39 43 47 50 50 47 60 64 24 50 93 121 117
25 28 31 35 36 36 42 43 24 35 57 69 66
Operating Profit 14 15 16 15 14 11 17 21 0 15 36 51 51
OPM % 35% 34% 34% 30% 28% 24% 29% 33% 2% 29% 39% 43% 43%
1 1 1 1 2 1 1 -0 1 0 1 3 5
Interest 0 0 0 0 0 0 1 1 1 1 0 0 0
Depreciation 2 2 3 3 5 4 5 6 7 6 6 6 6
Profit before tax 13 14 14 13 11 8 12 14 -7 8 31 48 49
Tax % 32% 35% 35% 36% 37% 17% 28% 21% -25% 27% 25% 25%
9 9 9 8 7 6 9 11 -5 6 23 36 37
EPS in Rs 66.00 69.08 71.00 65.23 52.46 49.85 67.08 81.62 -40.23 43.46 179.85 277.23 280.91
Dividend Payout % 30% 29% 28% 31% 29% 30% 22% 9% 0% 23% 11% 9%
Compounded Sales Growth
10 Years: 11%
5 Years: 15%
3 Years: 71%
TTM: 9%
Compounded Profit Growth
10 Years: 15%
5 Years: 34%
3 Years: 107%
TTM: 26%
Stock Price CAGR
10 Years: 19%
5 Years: 43%
3 Years: 73%
1 Year: 16%
Return on Equity
10 Years: 15%
5 Years: 16%
3 Years: 23%
Last Year: 31%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 36 42 48 56 60 64 70 77 71 77 98 132 142
0 0 0 0 0 5 5 9 9 4 4 4 4
12 12 14 14 18 19 20 18 10 14 17 19 20
Total Liabilities 50 55 63 71 79 89 97 105 91 95 120 156 167
25 26 44 43 41 54 81 91 84 78 73 71 72
CWIP 6 11 1 3 4 15 1 0 0 0 1 5 12
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
18 19 19 25 34 20 14 14 7 17 47 79 83
Total Assets 50 55 63 71 79 89 97 105 91 95 120 156 167

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 10 13 10 11 9 16 17 2 16 28 41
-2 -17 -7 -6 -12 -8 -16 -13 -1 -11 -17 -25
-2 -3 -3 -3 -3 3 -3 -3 -2 -6 -2 -3
Net Cash Flow 7 -10 4 0 -4 3 -4 1 -1 -0 9 12

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 22 21 19 27 31 31 27 25 12 10 17 15
Inventory Days 83 80 85 85 85 92 79 62 109
Days Payable 408 237 299 285 367 446 429 333 235
Cash Conversion Cycle -303 -136 -195 -173 -251 -323 -323 -246 -114 10 17 15
Working Capital Days -44 53 9 29 55 -38 -34 -17 -29 -28 -9 -8
ROCE % 37% 34% 31% 25% 18% 12% 17% 18% -7% 10% 34% 41%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.57% 62.57% 62.57% 62.57% 62.57% 62.57% 62.57% 62.57% 62.57% 62.57% 62.57% 61.19%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01%
37.43% 37.43% 37.43% 37.44% 37.43% 37.42% 37.43% 37.42% 37.43% 37.43% 37.42% 38.82%
No. of Shareholders 4,3734,3344,4134,3894,3174,4174,6184,9975,6016,3406,5816,600

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Concalls

  • Apr 2023
    Transcript
    Notes
    PPT
  • Jan 2023
    Transcript
    Notes
    PPT
  • Nov 2022
    Transcript
    Notes
    PPT
  • Jul 2022
    Transcript
    Notes
    PPT