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About Mac Charles (India) Ltd
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Mac Charles (India) Limited, incorporated in September, 1979, had established its hotel in collaboration with Holiday Inn, a division of Bass, UK. The hotel was promoted by C B Pradhanani, an NRI tycoon from Dubai. The five-star hotel made a soft opening in November, 1986. In the next two years, the facilities gradually became functional and the hotel additives were in full swing. Failure to achieve planned business volumes, coupled with huge interest burden, sent it into the red. After a long downturn, there was a change in the Company`s Fortunes in 1993-94. Presently, the Company is involved in generation of electricity through wind turbine generators located in Gadag and Bellary Districts and in construction & leasing of commercial real estate properties. The company has not spent much money on hotel renovation and refurbication and it may spend Rs 2-3 Crore on the entire renovation and refurbication as the Holiday Inn collaboration is nearing expiry and the Holiday Inn group will not renew it unless the hotel is totally renovated and refurbished. In 2003-04, the Company has dis-invested in Vaswani Properties Private Ltd and in Vaswani Investments and Holdings Private Ltd. M/s. Starwood Hotels & Resorts, USA acquired Le Meridien Group of Hotels worldwide, in 2005-06. The Company invested 100% share capital in Messrs. Nedstar Hotels Private Limited effective on 18 June, 2010. M/s. Starwood Hotels & Resorts, USA acquired Le Meridien Group of Hotels worldwide, in 2005-06. The Company invested 100% share capital in Messrs. Nedstar Hotels Private Limited effective on 18 June, 2010. The Company acquired 100% shareholding in Blue Lagoon Real Estate Private Limited and Neptune Real Estate Private Limited on 5th July, 2019 and hence they became wholly owned subsidiaries during the year 2018-19. The Company in 2022, disposed of its investments in wholly owned and material subsidiary i.e. Airport Golfview Hotels & Suites Pvt Ltd. And it ceased to be a subsidiary and also the material subsidiary of the Company. It acquired the investments in equity shares of Embassy Bhivandi Projects Private Limited and the name of this Company was changed to Mac Charles Hub Projects Private Limited. In 2024, the Company diversified into the real estate & property development business as per Main Objects clause of the Memorandum of Association of the Company. The preliminary work for construction of a landmark commercial building at the erstwhile site of the Le Meridien Hotel was completed in 2024.
Mac Charles (India) share price as on 05 Dec 2025 is Rs. 673.1. Over the past 6 months, the Mac Charles (India) share price has increased by 12.4% and in the last one year, it has increased by 16.92%. The 52-week low for Mac Charles (India) share price was Rs. 500 and 52-week high was Rs. 775.
507836
INE435D01014
Sep
Mac Charles (India) Ltd FAQs
You can buy Mac Charles (India) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Mac Charles (India) Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Dec 05, 2025 11:23 AM the closing price of Mac Charles (India) Ltd was Rs.673.10.
The latest PE ratio of Mac Charles (India) Ltd as of Dec 05, 2025 11:23 AM is -9.30
The latest PB ratio of Mac Charles (India) Ltd as of Dec 05, 2025 11:23 AM is 13.81
The 52-week high of Mac Charles (India) Ltd share price is Rs. 775.00 while the 52-week low is Rs. 500.00
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 Dec 05, 2025 11:23 AM, the market cap of Mac Charles (India) Ltd stood at Rs. 881.83 Cr.
Market Outlook
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