Benares Hotels Limited (BENARAS) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹13.5B
Fair value as of: Jul 5, 2026
From 14 valuation models · updated today
Share price +1.8% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹9,200 – ₹10,965 · fair‑value band ₹4,477 – ₹8,639 · the ₹10,357 price screens above the ₹5,980 fair value. As of Jul 5, 2026.
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Benares Hotels Limited (BENARAS) currently trades at ₹10,357, while our model-based Fair Value estimate is ₹5,980 — implying the stock looks roughly 42.3% overvalued today. We read business quality at 58/100 (solid quality), in the Consumer Cyclical 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 ₹1.4B at a net margin of 31.1%. Revenue declined 1.1% year over year. It earns a return on equity of 22.4%. Net debt stands at ₹42.7M. Fundamentals as of Jul 5, 2026
Our scenario range runs from ₹4,477 (bear case) to ₹8,639 (bull case); at ₹10,357, the current price sits above that range. The share trades about 6% below its 52-week high and 15% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -50% fair-value upside — at -42%, BENARAS screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 5, 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 Ginger Hotel name in Gondia. The company was incorporated in 1971 and is headquartered in New Delhi, India. Benares Hotels Limited operates as 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.
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Similar stocks
10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Marriott International, Inc MAR | $386.23 | $94.01 | -76% |
| Hilton Worldwide Holdings HLT | $342.93 | $123.66 | -64% |
| InterContinental Hotels Group IHG | $170.88 | $85.18 | -50% |
| Hyatt Hotels Corporation H | $196.33 | $106.17 | -46% |
| H World Group H1TH34 | R$62.64 | R$83.92 | +34% |
| Accor SA ACRFF | $57.35 | $44.83 | -22% |
| The Indian Hotels Company INDHOTEL | ₹733.00 | ₹302.18 | -59% |
| Wyndham Hotels & Resorts, Inc WH | $81.96 | $21.67 | -74% |
| Whitbread plc WTBDY | $8.28 | $6.71 | -19% |
| Hanjin Kal, 180640 | 115,000 KRW | 28,940 KRW | -75% |
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Frequently asked questions
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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.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.