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TAJGVK Hotels & Resorts Limited (TAJGVK) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹22.1B (≈ $234M) · ISIN INE586B01026

What is TAJGVK Hotels & Resorts Limited really worth?

TH TAJGVK Hotels & Resorts Limited TAJGVK · BSE
Price₹333.20
Fair Value₹645.89
Upside+93.8%
Quality55/100

A solid business, trading 48% below our fair value of ₹645.89.

As of Aug 27, 2026, the fair value of TAJGVK Hotels & Resorts Limited is ₹645.89 per share against a price of ₹333.20, so the fair value sits 94% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Highly profitable · 27.6% net margin
Wide moat 74/100

Risks

!Expensive Growth (revenue 5y +40.0 %/yr)
!Low debt · negative free cash flow
!Evidence only medium, so the estimate is less certain
!The models disagree: range ₹437.94 to ₹1,528
Evidence: Medium Range ₹437.94 – ₹1,528

Fair value as of: Aug 27, 2026

From 15 valuation models · updated 10 days ago

Share price −8.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (₹437.94). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (₹437.94 to ₹1,528). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

₹513.16 ₹114.49 Fair Value ₹645.89 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range ₹114.49 – ₹513.16 · fair‑value band ₹437.94 – ₹1,528 · the ₹333.20 price screens below the ₹645.89 fair value. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

TAJGVK Hotels & Resorts Limited (TAJGVK) currently trades at ₹333.20, while our model-based Fair Value estimate is ₹645.89, implying the stock looks roughly 48.4% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of ₹1,379 per share, and 9 of the 15 models we run sit above the ₹333.20 price. Bear case: the Asset-Based group reads lowest at ₹109.45, and 6 of the 15 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, TAJGVK Hotels & Resorts Limited generated revenue of ₹4.7B at a net margin of 27.6%. Revenue declined 0.2% year over year. It earns a return on equity of 20.4%. Net debt stands at ₹363M. Fundamentals as of Aug 27, 2026

Our scenario range runs from ₹437.94 (bear case) to ₹1,528 (bull case); at ₹333.20, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −61% fair-value upside, at 94%, TAJGVK screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹8.97 per share, which is 1.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV ₹153.24 ₹179.21 ₹201.94 74
Owner Earnings ₹469.84 ₹901.04 ₹1,687 73
ROIC Compounder ₹153.24 ₹200.62 ₹257.50 72
All 15 models by family
DCF Models
Owner Earnings ₹469.84 ₹901.04 ₹1,687 73
Earnings-Based
Graham-Dodd ₹442.58 ₹2,300 ₹3,181 64
Lynch FV ₹629.64 ₹899.48 ₹1,169 61
PEG = 1.0 ₹629.64 ₹899.48 ₹1,169 57
EPV ₹153.24 ₹179.21 ₹201.94 74
Multiples
P/E Multiple ₹1,074 ₹1,432 ₹1,790 63
P/S Multiple ₹71.85 ₹95.80 ₹119.75 58
P/B Multiple ₹490.06 ₹653.42 ₹816.77 55
EV/EBIT ₹299.85 ₹400.66 ₹501.48 66
EV/EBITDA ₹220.17 ₹294.42 ₹368.68 67
EV/Revenue ₹64.45 ₹93.19 ₹121.93 53
Asset-Based
NCAV (Graham) ₹81.68 ₹109.45 ₹163.35 54
Economic Profit
Residual Income ₹499.44 ₹740.83 ₹8,762 64
ROIC Compounder ₹153.24 ₹200.62 ₹257.50 72
Growth Earnings
Growth-Adj P/E ₹965.09 ₹1,379 ₹1,792 67

Widest divergence: Growth Earnings (₹1,379) versus Asset-Based (₹109.45). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 16.2
P/S ratio 13.2 P/E × margin
EPS (TTM) ₹20.58 price ÷ EPS = P/E 16.2
Dividend yield 0.6% payout 9.2%
Net margin 81.5% FY2026
Return on equity 20.4% TTM
More key figures
Profitability
Return on assets (EBIT) 11.2% avg 5y
Operating margin 28.5% TTM
Growth
Revenue (TTM) ₹4.7B TTM
Revenue growth (YoY) −0.2% 3y avg +9.3%
EPS growth (YoY) +13.7%
Balance sheet & cash flow
Free cash flow −₹307M FY2026
Net debt ₹363M FY2026

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 41

Profitability 69
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

TAJGVK Hotels & Resorts Limited engages in the business of owning, operating, and managing hotels, palaces, and resorts under the TAJ brand in India. It operates Taj Krishna, Taj Deccan, and Vivanta Begumpet in Hyderabad, as well as Taj Chandigarh in Chandigarh and Taj Club House in Chennai.

Full company description

TAJGVK Hotels & Resorts Limited engages in the business of owning, operating, and managing hotels, palaces, and resorts under the TAJ brand in India. It operates Taj Krishna, Taj Deccan, and Vivanta Begumpet in Hyderabad, as well as Taj Chandigarh in Chandigarh and Taj Club House in Chennai. The company was incorporated in 1995 and is based in Hyderabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

TAJGVK Hotels & Resorts Limited reported revenue of ₹5.0B in FY2026 versus ₹2.3B in FY2022, a compound +21.8%/yr. Reported net income was ₹4.1B in FY2026, compounding +153.4%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹5.0B
Latest YoY
+13.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+40.0%
Avg. revenue growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.1%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +26.1% (approximate, leans on 2026) · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+25.5%
Dividend yield0.6%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 89.1% vs 10Y 57.9%, picking up
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−20.1% (2021) → 28.1% (2026) · rising
Worst earnings drop264% (2021) (loss year, drop beyond 100%) · in INR
⚠ Final year 2026 sits 337% above its own trend (e.g. a one-off disposal gain), so this rate uses the operating basis instead of reported profit
Revenue +21.8%/yr
FY22 ₹2.3B
FY23 ₹3.8B
FY24 ₹4.0B
FY25 ₹4.4B
FY26 ₹5.0B
Net income +153.4%/yr
FY22 ₹99.0M
FY23 ₹933M
FY24 ₹744M
FY25 ₹1.2B
FY26 ₹4.1B

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Cite: Fair Value Calculator (2026). "TAJGVK Hotels & Resorts Limited Fair Value". https://www.fairvalue-calculator.com/stock/TAJGVK.BSE

Peer Group

Lodging · 165 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside −23% · Above median
Return on equity (TTM) 20% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 16.2× · Cheaper than median
P/B 2.16× · Pricier than median
P/S (TTM) 4.70× · Pricier than 75% of peers
EV/EBITDA 14.6× · Pricier than median

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $341.76 $132.35 −61%
Hilton Worldwide Holdings HLT $314.35 $122.07 −61%
InterContinental Hotels Group IHG $161.82 $85.18 −47%
Hyatt Hotels Corporation H $178.37 $46.78 −74%
H World Group HTHT $45.77 $48.01 +5%
Accor SA AC €46.52 €36.87 −21%
The Indian Hotels Company INDHOTEL ₹723.35 ₹253.67 −65%
Wyndham Hotels & Resorts, Inc WH $71.80 $23.55 −67%
Hanjin Kal, 180640 139,100 KRW 36,890 KRW −73%
Choice Hotels International, Inc CHH $105.54 $61.72 −42%

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Frequently asked questions

Is TAJGVK Hotels & Resorts Limited (TAJGVK) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of ₹645.89 versus a price of ₹333.20, about +94% upside (undervalued).
What is the fair value of TAJGVK?
Our model-based fair value for TAJGVK Hotels & Resorts Limited is ₹645.89 (as of Aug 27, 2026), built from audited fundamentals. The current price: ₹333.20.
What is the quality score of TAJGVK?
TAJGVK Hotels & Resorts Limited has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TAJGVK Hotels & Resorts Limited (TAJGVK)?
Our model-based price target is the fair value of ₹645.89 (as of Aug 27, 2026) from 15 valuation models. Cautious scenario ₹437.94, optimistic scenario ₹1,528. It is a calculation from audited fundamentals, not an analyst target.
What is the TAJGVK Hotels & Resorts Limited stock forecast for 2026?
Our models put fair value at ₹645.89, about +94% upside versus a price of ₹333.20 (undervalued). Cautious scenario ₹437.94, optimistic scenario ₹1,528. The calculation is refreshed regularly with new filings.
What is the revenue of TAJGVK Hotels & Resorts Limited (TAJGVK)?
TAJGVK Hotels & Resorts Limited reported trailing-twelve-month revenue of about ₹4.7B (latest available figure, as of Aug 27, 2026).
What is the net profit margin of TAJGVK?
The net profit margin of TAJGVK Hotels & Resorts Limited is about 27.6%, meaning it keeps roughly 27.6% of revenue as net income. Based on the latest reported figures.
Does TAJGVK Hotels & Resorts Limited pay a dividend?
TAJGVK Hotels & Resorts Limited currently shows a dividend yield of about 0.57% relative to its recent price (as of Aug 27, 2026).
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