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Benares Hotels Limited (509438) Fair Value & Analysis

Other · IN · Market cap ₹1.6B

BH Benares Hotels Limited 509438 · BSE
Price₹10,357
Fair Value₹4,907
Upside-52.6%
Quality55/100
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Evidence: Medium Range ₹3,680 – ₹7,204

Fair value as of: Jul 4, 2026

From 14 valuation models · updated today

Share price +1.8% over the past month.

Price vs Fair Value (12 months)

₹10,965 ₹9,200 Fair Value ₹4,907 Jul 2025 Jul 2026

12‑month range ₹9,200 – ₹10,965 · fair‑value band ₹3,680 – ₹7,204 · the ₹10,357 price screens above the ₹4,907 fair value. As of Jul 4, 2026.

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Analysis

Benares Hotels Limited (509438) currently trades at ₹10,357, while our model-based Fair Value estimate is ₹4,907 — implying the stock looks roughly 52.6% overvalued today. We read business quality at 55/100 (solid quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Benares Hotels Limited generated revenue of ₹441M at a net margin of 6.3%. Revenue declined 74.0% year over year. It earns a return on equity of 4.0%. Net debt stands at ₹42.7M. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) ₹441M
Revenue growth (YoY) -74.0%
Net margin 6.3%
Return on equity 4.0%
Free cash flow −₹114M FY2026
P/E ratio 55.0
More key figures
Operating margin 9.6%
EPS (TTM) ₹21.47
Dividend yield 0.6%
Net debt ₹42.7M FY2021

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Benares Hotels Limited operates hotels in India. It operates hotels under the Taj Ganges and Taj Nadesar Palace names in Varanasi; and The Gateway Hotel name in Gondia. The company was incorporated in 1971 and is based in New Delhi, India. Benares Hotels Limited is a subsidiary of The Indian Hotels Company Limited.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Benares Hotels Limited reported revenue of ₹1.4B in FY2026 versus ₹498M in FY2022, a compound +29.3%/yr. Reported net income was ₹432M in FY2026, compounding +66.3%/yr from FY2022.

Revenue +29.3%/yr
FY22 ₹498M
FY23 ₹933M
FY24 ₹1.2B
FY25 ₹1.4B
FY26 ₹1.4B
Net income +66.3%/yr
FY22 ₹56.5M
FY23 ₹234M
FY24 ₹360M
FY25 ₹432M
FY26 ₹432M

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Frequently asked questions

Is Benares Hotels Limited (509438) undervalued?
As of Jul 4, 2026, our model estimates a fair value of ₹4,907 versus a price of ₹10,357 — about −53% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 509438?
Our model-based fair value for Benares Hotels Limited is ₹4,907 (as of Jul 4, 2026), built from audited fundamentals. The current price is ₹10,357.
What is the quality score of 509438?
Benares Hotels Limited has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Benares Hotels Limited (509438)?
Benares Hotels Limited reported trailing-twelve-month revenue of about ₹441M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of 509438?
The net profit margin of Benares Hotels Limited is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.
Does Benares Hotels Limited pay a dividend?
Benares Hotels Limited currently shows a dividend yield of about 0.64% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.