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    Benares Hotels

    Owns and operates Taj- and Ginger-branded hotels in Varanasi and Gondia; a Tata Group/IHCL subsidiary.

    Consumer Services
    Consumer Discretionary
    ₹10,893.95
    +7.98% from avg

    Overview

    Price

    ₹10,893.95

    Market Cap

    ₹1.3k Cr

    Sector

    Consumer Services

    Consumer Discretionary

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital11111111
    Reserves77717798132171182211
    Borrowings99444444
    Other Liabilities1810141719192340
    Total Liabilities1059195120156195210257
    AssetsFixed Assets91847873717068157
    CWIP0001519331
    Investments00000000
    Other Assets14717477910610899
    Total Assets1059195120156195210257

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating161721628414249
    Cash from Investing-16-13-1-11-17-25-43-59
    Cash from Financing-3-3-2-6-2-3-4-4
    SummaryCapital Expenditure
    Free Cash Flow-12116262924-11
    FCF Margin

    Valuation

    Assumptions

    Current — 509438
    Price
    ₹10,894
    EPS (TTM)
    ₹337.77
    PE (TTM)
    32.3
    Profit growth
    22.5%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (28.8×) and current (32.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹10,894
    vs
    Fair value · 15% return
    ₹12,302
    13%Undervalued

    At 22.5% growth and a 29× exit, ₹10894 only delivers your return if you pay ₹12,302. The price is currently baking in 20% growth.

    EPS grows 22.5%/yr for 5 years, then fades to 6% over 2, exits at 29×.

    YearGrowthEPS (₹)
    FY2722.5%413.77
    FY2822.5%506.87
    FY2922.5%620.91
    FY3022.5%760.62
    FY3122.5%931.75
    FY3214.3% ·fade1064.53
    FY336.0% ·fade1128.40

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Benares Hotels

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