Benares Hotels Ltd (BENARAS) — shareholding pattern, promoter holding, financials and share price
About Benares Hotels Ltd (BENARAS)
Benares Hotels Ltd operates in the Hotels & Resorts industry, within the Consumer Services sector. It trades on the NSE as BENARAS and on the BSE under scrip code 509438. Its ISIN is INE664D01019.
Incorporated in 1971, Benares Hotels Limited (BHL) operates its hotels, viz. Taj Ganges and Taj Nadesar Palace in Varanasi, and Ginger, Gondia in Maharashtra. [1]
Benares Hotels Limited (BHL) is a key player in the luxury and business hotels sector, primarily operating in Varanasi and Gondia, India, under renowned brands like Taj and Ginger.
BHL has shown resilience in its operations, maintaining improved financial performance even during adversities such as epidemics, reflected in increased revenues and profits over the years.
Listed peers in Hotels & Resorts: Asian Hotels (North) Ltd, Mac Charles (India) Ltd, Royal Orchid Hotels Ltd, Viceroy Hotels Ltd, Advent Hotels International Ltd, U P Hotels Ltd.
Valuation & Returns
10 Jul 2026At ₹10,399 a share on 10 Jul 2026, Benares Hotels Ltd (BENARAS) was valued at a price-to-earnings ratio of 31.26x against an industry P/E of 38.95x and a price-to-book of 6.36x on a book value of ₹1,635.61 per share as of Mar 2026. Solomo computes return on equity of 20.34% and return on capital employed of 27% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 31.26x
- Industry P/E
- 38.95x
- P/B
- 6.36x
- EPS (TTM)
- ₹332.62
- Book value / share
- ₹1,635.61
- ROE
- 20.34%
- ROCE
- 27%
- ROA
- 16.84%
- Debt / equity
- 0.02x
- Dividend yield
- 0.24%
- EBITDA margin
- 46.9%
- 52-week range
- ₹8,999.95 – ₹11,001
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Benares Hotels Ltd (BENARAS) reported revenue of ₹139 crore, net profit of ₹43 crore and earnings per share of ₹332.62. That compares with revenue of ₹135 crore and net profit of ₹43 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Jun 2026, revenue was ₹33.89 crore and net profit ₹8.25 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 50 | 93 | 121 | 135 | 139 |
| Net profit (₹ cr) | 6 | 23 | 36 | 43 | 43 |
| EPS (₹) | 43.46 | 179.85 | 277.23 | 332.69 | 332.62 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 12.15% | 41.84% | 14.24% | 2.71% |
| Profit growth | 22.78% | - | 22.75% | -0.02% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 62.58% of Benares Hotels Ltd (BENARAS) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.01% and domestic institutional investors (DII) hold 0.05%. Market capitalisation was ₹1,352 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: Aditya Deorah 2.87%, Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 2.37%, Vinodchandra Mansukhlal Parekh 1.55%, Brajraj Singh 1.54%, Arjun Ramani 1.45%, Raghubirsingh R Gohil 1.23%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 62.58% | - | 0.01% | 0.05% | 37.42% |
| Mar 2026 | 62.58% | - | 0.01% | 0.01% | 37.42% |
| Dec 2025 | 62.58% | - | 0.02% | 0.01% | 37.42% |
| Sep 2025 | 62.58% | - | 0.01% | 0.02% | 37.42% |
| Jun 2025 | 62.58% | - | 0.01% | 0.02% | 37.42% |
| Mar 2025 | 62.58% | - | 0.01% | 0% | 37.42% |
| Dec 2024 | 62.58% | - | 0.01% | - | 37.42% |
| Sep 2024 | 61.19% | - | 0.01% | - | 38.81% |