531637
Praveg financials
- Market cap
- ₹688 Cr
- Sector
- Consumer Services
- Calls analysed
- 2
Praveg Q2 FY26
EBITDA (Consolidated) ₹10 cr; Total Income (Consolidated) ₹78 cr (+29% YoY). Total income grew by 28.94% to INR 77.71 crores in H1 FY26.
Read the full call →What Praveg does
Praveg designs, builds and operates eco-responsible luxury tent resorts and hotels at culturally and naturally significant sites across India, using non-permanent tent structures that permit tourism in locations where conventional construction isn't feasible. It also runs an events and exhibitions business built on its expertise in erecting large temporary structures quickly, a line that has since expanded into weddings and banquet hotels. A separate advertisement vertical monetizes media and digital marketing. Several hospitality properties are operated under long-term PPP concessions with state tourism bodies such as Gujarat Tourism, the Union Territory of Lakshadweep and Daman & Diu authorities.
Segments
- Tourism & Hospitality
- Exhibitions & Events
- Advertisement
- Resorts & hotels operated
- 17 resorts + 1 five-star hotel (827+ rooms)
- Property portfolio
- 18 properties
- Geographic presence
- 2 Union Territories & 3 States
- Total spread of properties
- 3.41 Lakh Sqm
- Rooms managed under PPP model with State Governments
- 710+
- Cumulative events executed
- 1,000+
Guidance record · Q2 FY26
what the last two calls moved 6 tracked 1 delivered 1 missed 4 open- Lakshadweep Operations delivered, diluted said Q4 FY25 Promised: Start operations in October (post rainy season) Q2 FY26: Bangaram started (25-30% occupancy in Oct), but Thinnakara North is still 1 month away from launch.
- Gross Debt missed said Q4 FY25 Promised: Remain debt-free; 'We do not want to raise any debt. That is our strategy.' Q2 FY26: Management admitted taking loans from group companies and stated they will use group debt, promoter funds, or bank loans if required for growth.
- Resorts in Operation at risk said Q4 FY25 Promised: 25 operational resorts in FY26 Q2 FY26: 17 resorts operational at end of H1; requires 8 more in H2 to meet target
All 6 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 17.9%, net profit down 116.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31 | 54 | 58 | 39 | 38 +23% | 90 +67% | 74 +28% | 46 +18% |
| EBITDA | 6 | 21 | 15 | 6 | 4 −33% | 26 +24% | 22 +47% | 4 −33% |
| Net profit | 1 | 11 | 3 | -6 | -9 −1000% | 10 −9% | -5 −267% | -13 −117% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −34.3% 1Y
1Y: ₹401.95 on 10 Sept 2025 → ₹264. High ₹405.65 (23 Sept 2025), low ₹183.1 (30 Mar 2026).
How the price took the results
close before → close after
- Q2 FY26
- −1.4%
- 18 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 41.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to 24.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹84 Cr | ₹92 Cr | ₹166 Cr | ₹241 Cr |
| Operating profit | ₹45 Cr | ₹28 Cr | ₹48 Cr | ₹58 Cr |
| Operating margin | 53.2% | 30.4% | 28.9% | 24.1% |
| Interest | ₹1 Cr | ₹3 Cr | ₹9 Cr | ₹14 Cr |
| Depreciation | ₹6 Cr | ₹10 Cr | ₹28 Cr | ₹48 Cr |
| Net profit | ₹28 Cr | ₹13 Cr | ₹16 Cr | ₹-10 Cr |
| Net margin | 33.7% | 14.1% | 9.6% | -4.1% |
| Cash from operations | ₹25 Cr | ₹17 Cr | ₹33 Cr | ₹60 Cr |
| Free cash flow | ₹-12 Cr | ₹-157 Cr | ₹-242 Cr | ₹-61 Cr |
| ROCE | 53.0% | 9.0% | 7.0% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹18 Cr | ₹18 Cr | ₹21 Cr | ₹25 Cr | ₹26 Cr | ₹26 Cr |
| Reserves | ₹1 Cr | ₹9 Cr | ₹92 Cr | ₹263 Cr | ₹419 Cr | ₹423 Cr |
| Borrowings | ₹4 Cr | ₹6 Cr | ₹2 Cr | ₹62 Cr | ₹107 Cr | ₹170 Cr |
| Other liabilities | ₹4 Cr | ₹5 Cr | ₹11 Cr | ₹15 Cr | ₹75 Cr | ₹96 Cr |
| Total liabilities | ₹27 Cr | ₹38 Cr | ₹126 Cr | ₹365 Cr | ₹628 Cr | ₹716 Cr |
| Fixed assets | ₹5 Cr | ₹8 Cr | ₹34 Cr | ₹183 Cr | ₹359 Cr | ₹391 Cr |
| Capital work in progress | ₹0 Cr | ₹3 Cr | ₹8 Cr | ₹22 Cr | ₹131 Cr | ₹149 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹21 Cr | ₹27 Cr | ₹83 Cr | ₹159 Cr | ₹137 Cr | ₹175 Cr |
| Total assets | ₹27 Cr | ₹38 Cr | ₹126 Cr | ₹365 Cr | ₹628 Cr | ₹716 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +6.83 pp while DIIs trimmed −3.86 pp. The shareholder count shrank 10% to 43,383.
- Promoters
- 46.2%
- FIIs
- 1.8%
- DIIs
- 3.8%
- Public
- 48.2%
Since Jun 2025
- Public +6.83 pp
- DIIs −3.86 pp
- FIIs −3.66 pp
How it drifted, 12 quarters
Over this window promoters fell from 55.0% to 46.2% — −8.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 55.0%, FIIs 5.1%, DIIs 0.0%, Public 39.8%.Dec '23: Promoters 54.5%, FIIs 5.9%, DIIs 0.0%, Public 39.6%.Mar '24: Promoters 48.2%, FIIs 6.5%, DIIs 3.4%, Public 41.9%.Jun '24: Promoters 46.0%, FIIs 9.0%, DIIs 4.9%, Public 40.1%.Sep '24: Promoters 46.0%, FIIs 10.0%, DIIs 4.9%, Public 39.1%.Dec '24: Promoters 46.0%, FIIs 10.4%, DIIs 5.3%, Public 38.3%.Mar '25: Promoters 45.5%, FIIs 10.6%, DIIs 4.2%, Public 39.7%.Jun '25: Promoters 45.5%, FIIs 5.5%, DIIs 7.7%, Public 41.4%.Sep '25: Promoters 45.5%, FIIs 5.0%, DIIs 6.0%, Public 43.4%.Dec '25: Promoters 45.9%, FIIs 3.5%, DIIs 4.9%, Public 45.7%.Mar '26: Promoters 46.1%, FIIs 2.7%, DIIs 4.7%, Public 46.6%.Jun '26: Promoters 46.2%, FIIs 1.8%, DIIs 3.8%, Public 48.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Patel Ashaben Vishnukumar +0.08 pp 16.74% held
- Thermo Capital Private Limited +0.07 pp 1.48% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Praveg above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vishnubhai Vitthalbhai Patel | 21.71% | unchanged |
| Patel Ashaben Vishnukumar | 16.74% | +0.08 pp |
| Vitthalbhai Dwarkabhai Patel | 3.46% | unchanged |
| Harsh Vishnubhai Patel | 3.16% | unchanged |
| Sageone - Flagship Growth 2 Fund AIF | 2.29% | unchanged |
| Iegfl - Multi Opportunity FPI fund | 1.67% | unchanged |
| Ajay Kumar Aggarwal - 2 | 1.65% | unchanged |
| Ritu Bapna | 1.61% | unchanged |
| Thermo Capital Private Limited | 1.48% | +0.07 pp |
| Kamlaben Vitthalbhai Patel | 0.79% | unchanged |
| Jhaveri Credits And Capital Limited | 0.22% | unchanged |
| Vishnubhai Vitthalbhai Patel Huf | 0.10% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (2)
Read the Q2 FY26 call →Learn to analyse Praveg
Guides on how to read this kind of business and the numbers that matter.