# Hotels - Resorts — company-by-company sector analysis > Hotels - Resorts: Brigade Hotel Ventures Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice. ## Bottom line Hotels - Resorts has underperformed NIFTY 500 by 40.3% over 52 weeks and 6% over 13 weeks. 0 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 0 beat the sector itself. Brigade Hotel Ventures Ltd leads with revenue of ₹528 crore, based on 1 of 1 comparable companies through Jun 2026. ## Sector relative strength Hotels - Resorts has underperformed NIFTY 500 by 40.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 6%. 0 of 1 covered company currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. 13-week sector return versus NIFTY 500: -6.0% 52-week sector return versus NIFTY 500: -40% Stocks leading NIFTY: 0/1 Stocks leading sector: 0/0 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹2.3K Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): 51/100 — Thin evidence · provisional; evidence 57% - Growth & earnings 19.3/35 | Capital efficiency 13.7/25 | Valuation 10.0/20 | Relative strength 7.5/20 - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of 10 weeks with a reading, within the last 12 - Exact sum: 19.3 + 13.7 + 10 + 7.5 = 50.5 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Market action Brigade Hotel Ventures Ltd has the strongest one-year price move in Hotels - Resorts at -28.1%. It also leads on Mansfield relative strength against NIFTY at -15%. 0 of 1 covered company are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): -28% ### Strongest relative strength versus NIFTY 500 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): -15% ## Revenue Scale & Growth Durability What the numbers say: Brigade Hotel Ventures Ltd is the scale leader at ₹528 crore, Brigade Hotel Ventures Ltd's growth is 7.8% from a ₹528 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Brigade Hotel Ventures Ltd is the scale benchmark; Brigade Hotel Ventures Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Brigade Hotel Ventures Ltd's growth falls below Brigade Hotel Ventures Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Brigade Hotel Ventures Ltd · ₹528 crore | Not enough peers | 5/5 recent comparable periods | 1/1 companies · 9 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): ₹528 Cr ### Revenue growth — fastest growers 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): 7.8% ### 11-quarter Revenue history - BRIGHOTEL: Mar 2023 — | Mar 2024 — | Jun 2024 ₹102 Cr | Sep 2024 ₹108 Cr | Dec 2024 ₹124 Cr | Mar 2025 ₹134 Cr | Jun 2025 ₹124 Cr | Sep 2025 ₹126 Cr | Dec 2025 ₹139 Cr | Mar 2026 ₹136 Cr | Jun 2026 ₹127 Cr ### 11-quarter Revenue growth history - BRIGHOTEL: Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 22% | Sep 2025 17% | Dec 2025 12% | Mar 2026 1.5% | Jun 2026 2.4% ## Operating Economics & Margin Trend What the numbers say: Brigade Hotel Ventures Ltd leads both opm at 33% and margin change at 0 percentage points. Investor read: Brigade Hotel Ventures Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Brigade Hotel Ventures Ltd · 33% | Not enough peers | 0/5 recent comparable periods | 1/1 companies · 9 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): 33% ### Margin change — fastest expanders 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): 0.0 pp ### 11-quarter OPM history - BRIGHOTEL: Mar 2023 — | Mar 2024 — | Jun 2024 33% | Sep 2024 35% | Dec 2024 35% | Mar 2025 38% | Jun 2025 33% | Sep 2025 30% | Dec 2025 34% | Mar 2026 36% | Jun 2026 33% ### 11-quarter Margin change history - BRIGHOTEL: Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.0 pp | Sep 2025 −5.0 pp | Dec 2025 −1.0 pp | Mar 2026 −2.0 pp | Jun 2026 0.0 pp ## Profit Scale & Acceleration What the numbers say: Brigade Hotel Ventures Ltd leads with ₹75 crore of TTM profit, Brigade Hotel Ventures Ltd shows ≥100% on the scoring scale (102.7% uncapped) growth from a ₹75 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Brigade Hotel Ventures Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Brigade Hotel Ventures Ltd · ₹75 crore | Not enough peers | 4/4 recent comparable periods | 1/1 companies · 9 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): ₹75 Cr ### Profit growth — fastest growers 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): 100% ### 11-quarter Net profit history - BRIGHOTEL: Mar 2023 — | Mar 2024 — | Jun 2024 ₹-6 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹22 Cr | Mar 2026 ₹25 Cr | Jun 2026 ₹17 Cr ### 11-quarter Profit growth history - BRIGHOTEL: Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 57% | Dec 2025 120% | Mar 2026 92% | Jun 2026 143% ## Return On Capital Employed What the numbers say: Brigade Hotel Ventures Ltd leads ROCE at 12.8%. Brigade Hotel Ventures Ltd has the strongest latest improvement at -1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Brigade Hotel Ventures Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: Brigade Hotel Ventures Ltd · 12.8% | Not enough peers | Not enough history | 1/1 companies · 0 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): 13% ### ROCE change — fastest improvers 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): −1.0 pp ### 11-quarter ROCE history ### 11-quarter ROCE change history ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG ### P/E — lowest P/E 1. Brigade Hotel Ventures Ltd (BRIGHOTEL): 33.2 ### 11-quarter PEG history ### 11-quarter P/E history - BRIGHOTEL: Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 114.1 | Dec 2025 92.9 | Mar 2026 40.0 | Jun 2026 39.4 ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - Brigade Hotel Ventures Ltd (BRIGHOTEL) — market value ₹2.3K Cr; latest fundamentals Jun 2026; second-feed figures WITHHELD ## Source standing of each company Cross-checked: 0. Unverified: 0. Withheld: 1. Graded companies: 1. 1 of 1 company has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Brigade Hotel Ventures Ltd (BRIGHOTEL) — its two data sources disagree by up to 16% on reported income across 8 comparable periods, so its derived ratios are withheld. - WITHHELD | BRIGHOTEL | Brigade Hotel Ventures Ltd | diff_gt_2pct | disagreement up to 16.43% over 8 comparable periods ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 11 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Hotels - Resorts sector outperforming NIFTY 500? Hotels - Resorts has underperformed NIFTY 500 by 40.3% over 52 weeks and 6% over 13 weeks. 0 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 0 beat the sector itself. ### Which Hotels - Resorts company is largest by revenue? Brigade Hotel Ventures Ltd leads with revenue of ₹528 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Hotels - Resorts company is growing fastest? Brigade Hotel Ventures Ltd has the fastest current revenue growth at 7.8%, across 1 of 1 comparable companies. ### Which Hotels - Resorts company has the strongest 4-Factor Sector Score? Brigade Hotel Ventures Ltd ranks first at 50.5/100 with 57.3% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Hotels - Resorts comparison include? The page compares up to 11 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Is there a Nifty Hotels - Resorts index? NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Hotels - Resorts, this page builds its own equal-weight basket of 1 listed Hotels - Resorts companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026. ### Which are the best Hotels - Resorts stocks in India? Ranked by this page's four-factor score, Brigade Hotel Ventures Ltd places first among 1 listed Hotels - Resorts companies. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Hotels - Resorts stocks are listed in India? This comparison covers 1 listed Hotels - Resorts companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026. ### Which Hotels - Resorts company is the biggest? Brigade Hotel Ventures Ltd is the largest, with trailing-twelve-month revenue of ₹528 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Hotels - Resorts company has the best profit margins? Brigade Hotel Ventures Ltd has the highest operating margin at 33%, from 1 of 1 comparable companies. Brigade Hotel Ventures Ltd shows the biggest recent improvement, at 0 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Hotels - Resorts company makes the most profit? Brigade Hotel Ventures Ltd earns the most, at ₹75 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. Brigade Hotel Ventures Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Hotels - Resorts company earns the highest return on capital? Brigade Hotel Ventures Ltd leads on return on capital employed at 12.8%, across 1 of 1 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Is the Hotels - Resorts sector beating the market? Hotels - Resorts has underperformed NIFTY 500 by 40.3% over the last 52 weeks and 6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Hotels - Resorts stock has the strongest price momentum? Brigade Hotel Ventures Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Hotels - Resorts company scores highest for research priority? Brigade Hotel Ventures Ltd scores 50.5 out of 100 with 57.3% evidence confidence, from 19.3 points on growth and earnings, 13.7 on capital efficiency, 10 on valuation and 7.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Hotels - Resorts companies does this comparison cover, and over what period? It compares 1 listed companies over up to 11 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Hotels - Resorts sector? The 1 Hotels - Resorts companies on this page carry ₹2,266 crore of combined market value. Brigade Hotel Ventures Ltd is the largest at ₹2,266 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20. ### How is the Hotels - Resorts sector performing? 0 of the 1 covered Hotels - Resorts companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 40.3% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.