TAJGVK

Taj GVK Hotels & Resorts share price & financials

Price
₹338.45
Market cap
₹2.1k Cr
Sector
Consumer Services

What Taj GVK Hotels & Resorts Limited does

Taj GVK Hotels & Resorts owns a portfolio of upscale and luxury hotels across Hyderabad, Chennai, Chandigarh and Mumbai, operated under the Taj brand through a long-term hotel management arrangement with Indian Hotels Company Ltd (IHCL). It earns revenue primarily from room rentals, banquet/MICE (meetings, incentives, conferences, exhibitions) events, and food & beverage (F&B) outlets within its hotels, catering to leisure, business and MICE travellers. The Mumbai property, Taj Santacruz, is operated through a joint venture, Green Woods Palaces & Resorts Pvt Ltd, in which the company holds a majority stake. The company is also developing a new greenfield hotel in Bengaluru.

Segments

  • Room Rentals
  • Banquet/MICE
  • F&B
  • Other Income
Hotels in operation
6
Total keys across existing hotels
1,245
Cities of operation
Hyderabad, Chennai, Chandigarh, Mumbai
Upcoming hotel keys (Taj Yelahanka, Bengaluru)
256
Years of experience in hospitality industry
25 years
Stake in Green Woods Palaces & Resorts Pvt Ltd (Taj Santacruz JV)
51%
Founded 1999Headquarters Taj Krishna, Road No.1, Banjara Hills, Hyderabad – 500 034 Company website

Quarterly results

Q1 FY27: revenue up 2.8%, net profit down 47.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue105 127 125 106 107 +2%136 +7%124 −1%109 +3%
EBITDA29 50 33 32 34 +17%42 −16%39 +18%30 −6%
Net profit20 34 29 36 24 +20%29 −15%28 −3%19 −47%
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 −26.8% 1Y

₹300₹350₹400₹450Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹457.3 on 10 Sept 2025 → ₹334.8. High ₹457.3 (10 Sept 2025), low ₹284.95 (23 Mar 2026).

Financials, as filed

Revenue grew 7.2% a year over 3 years, FY23 to FY26. Operating margin held at 31.1%.

Year endingFY23FY24FY25FY26
Revenue₹384 Cr₹408 Cr₹450 Cr₹473 Cr
Operating profit₹119 Cr₹129 Cr₹139 Cr₹147 Cr
Operating margin31.0%31.6%30.9%31.1%
Interest₹16 Cr₹12 Cr₹9 Cr₹4 Cr
Depreciation₹16 Cr₹14 Cr₹12 Cr₹12 Cr
Net profit₹79 Cr₹74 Cr₹96 Cr₹117 Cr
Net margin20.6%18.1%21.3%24.7%
Cash from operations₹100 Cr₹123 Cr₹116 Cr₹146 Cr
Free cash flow₹82 Cr₹85 Cr₹75 Cr₹-40 Cr
ROCE22.0%19.0%21.0%21.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr
Reserves₹372 Cr₹382 Cr₹462 Cr₹530 Cr₹662 Cr₹718 Cr
Borrowings₹225 Cr₹214 Cr₹141 Cr₹108 Cr₹83 Cr₹113 Cr
Other liabilities₹113 Cr₹123 Cr₹155 Cr₹162 Cr₹194 Cr₹200 Cr
Total liabilities₹723 Cr₹731 Cr₹770 Cr₹812 Cr₹951 Cr₹1.0k Cr
Fixed assets₹423 Cr₹409 Cr₹455 Cr₹442 Cr₹426 Cr₹424 Cr
Capital work in progress₹87 Cr₹86 Cr₹43 Cr₹79 Cr₹183 Cr₹298 Cr
Investments₹110 Cr₹110 Cr₹110 Cr₹110 Cr₹110 Cr₹126 Cr
Other assets₹102 Cr₹127 Cr₹162 Cr₹181 Cr₹232 Cr₹195 Cr
Total assets₹723 Cr₹731 Cr₹770 Cr₹812 Cr₹951 Cr₹1.0k 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, promoters trimmed −3.98 pp while the public added +3.93 pp. The shareholder count grew 2% to 84,953.

Promoters
71.0%
FIIs
0.4%
DIIs
4.1%
Public
24.5%

Since Jun 2025

  • Promoters −3.98 pp
  • Public +3.93 pp
  • DIIs +0.45 pp

How it drifted, 12 quarters

Over this window the public went from 20.5% to 24.5% — +4.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.9%, DIIs 3.6%, Public 20.5%.Dec '23: Promoters 75.0%, FIIs 0.8%, DIIs 3.5%, Public 20.8%.Mar '24: Promoters 75.0%, FIIs 0.7%, DIIs 3.0%, Public 21.3%.Jun '24: Promoters 75.0%, FIIs 0.8%, DIIs 2.7%, Public 21.5%.Sep '24: Promoters 75.0%, FIIs 0.8%, DIIs 1.4%, Public 22.8%.Dec '24: Promoters 75.0%, FIIs 1.7%, DIIs 2.6%, Public 20.7%.Mar '25: Promoters 75.0%, FIIs 1.8%, DIIs 4.0%, Public 19.3%.Jun '25: Promoters 75.0%, FIIs 0.8%, DIIs 3.6%, Public 20.6%.Sep '25: Promoters 75.0%, FIIs 1.0%, DIIs 1.8%, Public 22.3%.Dec '25: Promoters 71.0%, FIIs 0.9%, DIIs 4.0%, Public 24.1%.Mar '26: Promoters 71.0%, FIIs 0.3%, DIIs 4.0%, Public 24.7%.Jun '26: Promoters 71.0%, FIIs 0.4%, DIIs 4.1%, Public 24.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Taj GVK Hotels & Resorts Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Shalini Bhupal 25.53%unchanged
Starlight Trust 21.76%unchanged
Moonshot Trust 16.70%unchanged
Blue Moon Trust 7.00%unchanged
Investor Education and Protection Fund Authority 1.38%unchanged
Nippon India Equity Opportunities AIF - Scheme 7 AIF1.34%unchanged
Nippon India Equity Opportunities AIF - Scheme 9 AIF1.28%unchanged
G Indiria Krishna Reddy 0.02%unchanged
Krishna Ram Bhupal 0.00%unchanged
Gvk Reddy 0.00%unchanged
The Indian Hotels Company Limited 0.00%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.

What the price assumes

Attractive

To justify its price of ₹335, this stock must grow earnings at 14% every year for 7 years. Our analysis caps realistic growth at ~20%. At that growth it is worth ₹442 — upside of 32%.

Growth the price implies
14.2% a year
for 7 years, fading to 4%
It has actually compounded at
20.1% a year
net profit, FY23–FY26 · EPS 19.5%
The gap
-0.1 pp
32% downside if it only repeats history
Price today ₹334.8 Value at the reference growth ₹442.21

Change the assumptions yourself →

Learn to analyse Taj GVK Hotels & Resorts Limited

Guides on how to read this kind of business and the numbers that matter.