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Benares Hotels Ltd share Price Today

Company details

8,942.20
9,100.00
3,616.00
10,051.00
6M Return 28.15%
1Y Return 138.35%
Mkt Cap.(Cr) 1,163.50
Volume 148
Div Yield 0.28%
OI
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OI Chg %
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Volume 148

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Benares Hotels announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:
- Revenue: For the fourth quarter ending March 31, 2024, the company reported a revenue of Rs 36.6 crore, marking a significant increase from Rs 28.0 crore in the same quarter of the previous year.
- EBITDA: The EBITDA for the quarter stood at Rs 16.9 crore, which is notably higher than the Rs 11.7 crore reported in the fourth quarter of FY 22/23.
- Profit After Tax: Profit after tax also saw an impressive rise, reaching Rs 11.6 crore compared to Rs 7.6 crore in the corresponding quarter of the previous year.

FY24 Financial Highlights:
- Revenue: For the full year ending March 31, 2024, the company achieved a revenue of Rs 123.8 crore, up from Rs 94.8 crore in FY23, surpassing the hundred crore milestone for the first time.
- EBITDA: The annual EBITDA climbed to Rs 54.4 crore from Rs 37.7 crore in the previous year.
- Profit After Tax: The company's profit after tax for the year amounted to Rs 36.0 crore, a substantial improvement over the Rs 23.4 crore recorded in FY23.

Operational Highlights:
- The newly constructed swimming pool and gymnasium at Taj Ganges have become operational.
- Taj Nadesar Palace in Varanasi is considering the addition of extra inventory within its premises.
- Taj was distinguished as India's strongest brand in Brand Finance's Brand Value Report India 2023.
- Taj Nadesar Palace, Varanasi, was featured on Condé Nast Traveller Readers' Choice Awards 2023 as one of the best hotels in India.

Commenting on the results, Dr. Anant Narain Singh, Chairman of Benares Hotels Limited, said, "BHL reported a YoY growth of 31% in total revenue crossing the milestone of hundred crores at Rs 124 crores, a first in the company's history. This performance was led by a 27% growth in average room rates resulting in a record EBITDA margin of 44%, a YoY expansion of 400 basis points."

He further remarked on future prospects with the anticipation of the new tower wing at Taj Ganges, "The construction of the new tower wing at Taj Ganges with 100 additional rooms is well underway and is expected to be operational in October 2025."

 

Result PDF

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Benares Hotels Ltd shares SWOT Analysis

Strengths (15)

  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (0)

Data not found

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 9,062.9
R2 9,160.4
R3 9,220.7
Pivot

9,002.55

S1 8,905.1
S2 8,844.8
S3 8,747.3
EMA SMA
9,066.3
9,035.8
8,738.2
7,774.2
9,141.6
8,984.0
9,178.1
7,697.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
Anant Narain Singh PROMOTER 1.85%
Maharaj Kumari Vishnupriya PROMOTER 1.38%
Maharaj Kumari Hari Priya PROMOTER 1.35%
Maharaja Kumari Krishna Priya PROMOTER 1.35%
Anamika Kunwar PROMOTER 0.55%
The Indian Hotels Company Limited PROMOTER 49.53%
Piem Hotels Limited PROMOTER 4.16%
All India Kashiraj Trust PROMOTER 2.31%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Benares Hotels Ltd Stocks COMPARISON

Financials( in Cr) Benares Hotels Ltd Indian Hotels Co Ltd EIH Ltd Chalet Hotels Ltd Lemon Tree Hotels Ltd
Price 8,950.00 573.15 481.00 767.45 149.95
% Change 0.28 0.70 0.10 0.05 0
Mcap Cr 1,163.50 81,584.01 30,080.01 16,738.08 11,879.73
Revenue TTM Cr 93.33 5,809.91 2,018.81 1,128.47 874.99
Net Profit TTM Cr 23.38 971.43 329.10 183.29 140.54
PE TTM 32.19 64.29 54.43 60.11 94.94
1 Year Return 138.35 54.40 139.01 77.12 56.85
ROCE 34.11 13.63 15.77 9.13 11.51
ROE 26.33 12.81 11.89 10.90 14.39
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 99.77 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41,960.24 -29,509.50
LAST 3M 102,987.80 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,691.56 126,663.80

Benares Hotels Ltd Information

Stock PE (TTM)
32.19
Promoter Holding
62.57%
Book Value
1023.0769
ROCE
34.11%
ROE
26.33%
Description
  • Incorporated in 1971 and promoted by Vibhuti Narayan Singh, Benares Hotels Limited (BHL) is in the hotel business in Varanasi, Uttar Pradesh. The Company operates its hotels, viz. Taj Ganges and Taj Nadesar Palace in Varanasi and The Ginger Hotel Balaghat Road, Gondia (Earlier, The Gateway Hotel Balaghat Road, Gondia) in Maharashtra. In Mar.`94, it undertook a project, financed by term loans, to provide the hotel with a restaurant and bar. It has also finalised plans for further expansion of the hotel, which are currently under implementation. In 1994-95, the inflow of tourists into the country was adversely affected by the plague epidemic in the country. In spite of this, the company achieved improved working results in 1994-95, showing an increase of 11.6% in revenue. The hotel is located close to the temples, making it more convenient for foreign tourists. It has a large banquet hall, a swimming pool and a well-maintained garden. During the year 1998-99 Company declared dividend for the the year is 60% to the shareholders and also earned in foreign exchange earnings amounting to Rs 9.74 crores. The company recorded a impressive performance in increased occupancy,higher room realisation and higher F & B revenue and because of this the profit after tax increased by 6 % when compared to previous year. In May, 2011, the Company became a subsidiary of The Indian Hotels Company Limited, a company promoted by Tata Sons Private Limited. The newly opened Gateway Hotel, at Gondia, Maharashtra was made operational during 2014-15. A new banquet hall at The Gateway Hotel, Varanasi was commissioned and renovation of 55 rooms was completed in 2017-18. The Hotel completed two phases of renovation starting from 2017/18, in which 96 rooms, Lobby and the Tea Lounge were completely renovated. In addition to this, the Company opened a new Banquet Hall approx. 7700 sq. ft to its facilities at Taj Ganges, Varanasi durinh 2018-19. The "Taj Ganges Varanasi" Hotel renovated 130 rooms including Lobby and the Tea Lounge in 2019-20. It added three new additional suites and one additional room to the inventory of Taj Nadesar Palace, which accordingly, had 14 keys instead of 10. Also, the Tented Jiva SPA at Taj Nadesar Palace was put to operation.

Registered Address

Nadesar Palace Compound, , Varanasi, Uttar Pradesh, 221002

Tel : 91-0542-6660001
Email : Investor:tajhotels.com
Website : http://www.benareshotelslimited.com
Registrar

Indian Hotels Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 509438
NSE Code :
Book Closure Date (Month) : Aug
BSE Group : X
ISIN : INE664D01019

FAQ’s on Benares Hotels Ltd Shares

You can buy Benares Hotels Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Benares Hotels Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 04:01 PM the closing price of Benares Hotels Ltd was Rs.8,950.00.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 04:01 PM, the market cap of Benares Hotels Ltd stood at Rs. 1,163.50.

The latest PE ratio of Benares Hotels Ltd as of May 22, 2024 04:01 PM is 32.19

The latest PB ratio of Benares Hotels Ltd as of May 22, 2024 04:01 PM is 0.11

The 52-week high of Benares Hotels Ltd share price is Rs. 10,051.00 while the 52-week low is Rs. 3,616.00

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