BENARES HOTELS LTD. (BENARAS) financials

BENARES HOTELS LTD. (BENARAS) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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]

Market Cap: ₹1,315Cr.
Current Price: ₹10,150
Stock P/E: 29.9
ROE: 22.5%
ROCE: 29.8%
Book Value: ₹1,636
Dividend Yield: 0.25%
52W High / Low: ₹11,499/9,000

In Jun 2026, BENARES HOTELS LTD. (BENARAS) reported sales ₹33.89 Cr and net profit ₹8.25 Cr.

Annual TTM: sales ₹148 Cr, net profit ₹44 Cr.

Shareholding: Promoters 62.58% (Jun 2026), FIIs 0.02% (Jun 2026), DIIs 0.05% (Jun 2026), Public 37.35% (Jun 2026), No. of Shareholders 6,717% (Jun 2026).

BENARAS quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	24.47	38.87	49.12	25.01	23.90	41.63	48.60	33.89
Expenses	14.40	20.18	27.40	14.98	15.66	22.10	26.77	21.40
Operating Profit	10.07	18.69	21.72	10.03	8.24	19.53	21.83	12.49
OPM %	41.15%	48.08%	44.22%	40.10%	34.48%	46.91%	44.92%	36.85%
Other Income	1.24	1.23	1.38	1.78	1.62	0.90	1.34	1.33
Interest	0.10	0.10	0.09	0.10	0.10	0.10	0.10	0.12
Depreciation	1.53	1.49	1.52	1.51	1.51	1.45	2.34	2.63
Profit before tax	9.68	18.33	21.49	10.20	8.25	18.88	20.73	11.07
Tax %	25.62%	26.08%	25.31%	25.69%	26.42%	24.63%	25.95%	25.47%
Net Profit	7.20	13.56	16.05	7.58	6.08	14.23	15.35	8.25
EPS in Rs	55.38	104.31	123.46	58.31	46.77	109.46	118.08	63.46
Raw PDF	—	—	—	—	—	—	—	—

BENARAS profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	64	24	50	93	121	135	139	148
Expenses	43	24	35	57	69	76	79	86
Operating Profit	21	0	15	36	51	59	60	62
OPM %	33%	1.6%	29%	39%	43%	44%	43%	42%
Other Income	-0	1	0	1	3	5	6	5
Interest	1	1	1	0	0	0	0	0
Depreciation	6	7	6	6	6	6	7	8
Profit before tax	14	-7	8	31	48	58	58	59
Tax %	21%	-25%	27%	25%	25%	26%	26%	—
Net Profit	11	-5	6	23	36	43	43	44
EPS in Rs	81.62	-40.23	43.46	179.85	277.23	332.69	332.62	337.77
Dividend Payout %	9%	0%	23%	11%	9%	8%	8%	—

BENARAS balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1	1	1	1	1	1	1	1
Reserves	70	77	71	77	98	132	171	211
Borrowings	5	9	9	4	4	4	4	4
Other Liabilities	20	18	10	14	17	19	19	40
Total Liabilities	97	105	91	95	120	156	195	257
Fixed Assets	81	91	84	78	73	71	70	157
CWIP	1	0	0	0	1	5	19	1
Investments	0	0	0	0	0	0	0	0
Other Assets	14	14	7	17	47	79	106	99
Total Assets	97	105	91	95	120	156	195	257

BENARAS cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	16	17	2	16	28	41	42	49
Cash from Investing Activity	-16	-13	-1	-11	-17	-25	-43	-59
Cash from Financing Activity	-3	-3	-2	-6	-2	-3	-4	-4
Net Cash Flow	-4	1	-1	-0	9	12	-5	-14
Free Cash Flow	-1	2	1	16	26	29	24	-11
CFO/OP	105%	93%	198%	115%	98%	103%	96%	103%

BENARAS shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	61.19%	62.58%	62.58%	62.58%	62.58%	62.58%	62.58%	62.58%
FIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%
DIIs	0.00%	0.00%	0.00%	0.02%	0.02%	0.01%	0.01%	0.05%
Public	38.82%	37.42%	37.41%	37.40%	37.40%	37.40%	37.41%	37.35%
No. of Shareholders	6,600	6,572	6,607	6,810	6,979	6,737	6,647	6,717

BENARAS key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	27	25	12	10	17	15	11	15
Inventory Days	79	62	109	—	—	—	—	—
Days Payable	429	333	235	—	—	—	—	—
Cash Conversion Cycle	-323	-246	-114	10	17	15	11	15
Working Capital Days	-65	-48	-112	-28	-9	-8	-0	-47
ROCE %	17%	18%	-7%	10%	34%	41%	37%	30%

BENARASUpdated 29 Sept 2026, 1:42

Benares Hotels Ltd.

BENARASUpdated 29 Sept 2026, 1:42

Market Cap

₹1,315Cr.

Current Price

₹10,150

High / Low

₹11,499/9,000

Stock P/E

29.9

ROE22.5%

ROCE29.8%

Book Value₹1,636

Face Value₹10.0

Dividend Yield0.25%

About

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]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	25.47	0.09	16.07	0.64	1.49	8.46	25.65	6.3	48.46
Sep 2023	25.9	0.09	15.88	0.67	1.48	9.12	25.11	6.84	52.62
Dec 2023	33.61	0.09	17.76	0.86	1.49	15.13	25.25	11.3	86.92
Mar 2024	35.58	0.09	19.74	1.06	1.45	15.36	24.54	11.59	89.15
Jun 2024	23	0.09	14.16	1.35	1.49	8.61	25.32	6.43	49.46
Sep 2024	24.47	0.1	14.4	1.24	1.53	9.68	25.62	7.2	55.38
Dec 2024	38.87	0.1	20.18	1.23	1.49	18.33	26.08	13.56	104.31
Mar 2025	49.12	0.09	27.4	1.38	1.52	21.49	25.31	16.05	123.46
Jun 2025	25.01	0.1	14.98	1.78	1.51	10.2	25.69	7.58	58.31
Sep 2025	23.9	0.1	15.66	1.62	1.51	8.25	26.42	6.08	46.77
Dec 2025	41.63	0.1	22.1	0.9	1.45	18.88	24.63	14.23	109.46
Mar 2026	48.6	0.1	26.77	1.34	2.34	20.73	25.95	15.35	118.08
Jun 2026	33.89	0.12	21.4	1.33	2.63	11.07	25.47	8.25	63.46

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	47	0	31	1	3	14	35	9	71
Mar 2016	50	0	35	1	3	13	36	8	65.23
Mar 2017	50	0	36	2	5	11	37	7	52.46
Mar 2018	47	0	36	1	4	8	17	6	49.85
Mar 2019	60	1	42	1	5	12	28	9	67.08
Mar 2020	64	1	43	0	6	14	21	11	81.62
Mar 2021	24	1	24	1	7	-7	-25	-5	-40.23
Mar 2022	50	1	35	0	6	8	27	6	43.46
Mar 2023	93	0	57	1	6	31	25	23	179.85
Mar 2024	121	0	69	3	6	48	25	36	277.23
Mar 2025	135	0	76	5	6	58	26	43	332.69
Mar 2026	139	0	79	6	7	58	26	43	332.62
TTM	148	0	86	5	8	59	—	44	337.77

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	62.58%
FIIs	0.02%
DIIs	0.05%
Public	37.35%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2023	62.57%	0%	0%	37.42%
Dec 2023	62.57%	0%	0%	37.43%
Mar 2024	62.57%	0.01%	0%	37.43%
Jun 2024	62.57%	0.01%	0%	37.42%
Sep 2024	61.19%	0.01%	0%	38.82%
Dec 2024	62.58%	0.01%	0%	37.42%
Mar 2025	62.58%	0.01%	0%	37.41%
Jun 2025	62.58%	0.01%	0.02%	37.4%
Sep 2025	62.58%	0.01%	0.02%	37.4%
Dec 2025	62.58%	0.02%	0.01%	37.4%
Mar 2026	62.58%	0.02%	0.01%	37.41%
Jun 2026	62.58%	0.02%	0.05%	37.35%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Other Assets	Total Assets
Mar 2015	1	48	0	14	63	44	1	19	63
Mar 2016	1	56	0	14	71	43	3	25	71
Mar 2017	1	60	0	18	79	41	4	34	79
Mar 2018	1	64	5	19	89	54	15	20	89
Mar 2019	1	70	5	20	97	81	1	14	97
Mar 2020	1	77	9	18	105	91	0	14	105
Mar 2021	1	71	9	10	91	84	0	7	91
Mar 2022	1	77	4	14	95	78	0	17	95
Mar 2023	1	98	4	17	120	73	1	47	120
Mar 2024	1	132	4	19	156	71	5	79	156
Mar 2025	1	171	4	19	195	70	19	106	195
Mar 2026	1	211	4	40	257	157	1	99	257

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	13	-7	-3	4
Mar 2016	10	-6	-3	0
Mar 2017	11	-12	-3	-4
Mar 2018	9	-8	3	3
Mar 2019	16	-16	-3	-4
Mar 2020	17	-13	-3	1
Mar 2021	2	-1	-2	-1
Mar 2022	16	-11	-6	0
Mar 2023	28	-17	-2	9
Mar 2024	41	-25	-3	12
Mar 2025	42	-43	-4	-5
Mar 2026	49	-59	-4	-14

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	19	27	31	31	27	25	12	10	17	15	11	15
Inventory Days	85	85	85	92	79	62	109	—	—	—	—	—
Days Payable	299	285	367	446	429	333	235	—	—	—	—	—
Cash Conversion Cycle	-195	-173	-251	-323	-323	-246	-114	10	17	15	11	15
Working Capital Days	9	29	55	-76	-65	-48	-112	-28	-9	-8	-0	-47
ROCE %	31%	25%	18%	12%	17%	18%	-7%	10%	34%	41%	37%	30%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of BENARES HOTELS LTD. (BENARAS)?

The reported market capitalisation for BENARES HOTELS LTD. (BENARAS) is ₹1,315Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of BENARAS?

The current price shown for BENARES HOTELS LTD. (BENARAS) on Fincrux is ₹10,150 with a 52-week high/low of ₹11,499/9,000.

What is the P/E ratio of BENARES HOTELS LTD. (BENARAS)?

The stock P/E for BENARES HOTELS LTD. (BENARAS) is 29.9 on Fincrux, with ROE at 22.5% and ROCE at 29.8%.

What were BENARAS latest quarterly results?

For Jun 2026, BENARES HOTELS LTD. (BENARAS) reported sales ₹33.89 Cr and net profit ₹8.25 Cr (figures in ₹ crore unless noted).

What are BENARAS annual sales and net profit?

For TTM, BENARES HOTELS LTD. (BENARAS) shows sales of ₹148 Cr and net profit of ₹44 Cr on the Fincrux profit & loss statement.

Who owns BENARES HOTELS LTD. (BENARAS)?

Latest shareholding for BENARES HOTELS LTD. (BENARAS) on Fincrux: Promoters 62.58% (Jun 2026), FIIs 0.02% (Jun 2026), DIIs 0.05% (Jun 2026), Public 37.35% (Jun 2026), No. of Shareholders 6,717% (Jun 2026).

Where can I find BENARES HOTELS LTD. (BENARAS) financials?

BENARES HOTELS LTD. (BENARAS) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show BENARAS balance sheet and cash flow?

Yes. The BENARES HOTELS LTD. (BENARAS) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 29 September 2026 at 1:42