Benares Hotels share price today

Benares Hotels Ltd's share price was ₹10,345.00 at the close on 4 November 2026. It has been rising for 27 weeks. That is 2.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹9,302 and ₹11,074, and at that close it sat 59% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Benares Hotels Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 29 weeks in a row.

Over the last 11 years the share price moved +935% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: lowest operating margin in 16 quarters.

1. Lowest operating margin in 16 quarters

   Operating margin was 32.3% in the September 2026 quarter, against 34.5% a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Benares Hotels reported revenue of ₹31.5 crore, up 31.9% from ₹23.9 crore a year earlier, and a profit of ₹6.56 crore, up 7.9% from ₹6.08 crore.

Benares Hotels results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Benares Hotels closed at ₹10,345.00 on 4 November 2026, up 10.9% from ₹9,329.10 a year earlier (7 November 2025) and up 512.1% over five years. Its highest weekly close since March 2016 was ₹12,015.10 on 21 February 2025.

Benares Hotels share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

542 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Benares Hotels closed at ₹10,345.00, up 1.4% on the week and up 1.1% on the month. Results for July to September 2026: Revenue up 31.9% and profit up 7.9% on a year earlier.

The NSE corporate-actions record has no dividend for Benares Hotels since 1 April 2021, so this page cannot show amounts per share.

Yes. Benares Hotels Ltd paid out 8% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

Benares Hotels is on 2 of our India lists: Momentum stocks and Hotel stocks.

Benares Hotels Ltd earned ₹6.6 Cr of net profit in the Sep 2026 quarter, +7.9% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹43.0 Cr. Over 10 years profit has grown 18.3% a year on average. That is 20.8% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹6.1 Cr.

For the full year, FY26 profit was ₹43.0 Cr (+0.0% on the year before).

Why profit moved: revenue changed +31.9% on a year earlier and the margin moved −2.1 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +4.3% and revenue +18.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Benares Hotels Ltd reported ₹31.5 Cr of revenue in the Sep 2026 quarter, +31.9% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 10.8% a year on average. The last full year, FY26, came in at ₹139 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹156 Cr.

FY26 revenue was ₹139 Cr, +3.0% on the year before.

Recent pace: the last four quarters grew +18.4% on average, against 10.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +13.7%, against +15.5% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +2.6%, against +10.2% a year (rolling over).

Benares Hotels Ltd's operating margin was 32.3% in the Sep 2026 quarter, 2.1 percentage points lower than the same quarter a year ago. Across 13 years it has been between 1.6% and 44.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.1 percentage points on the year while gross margin changed −0.6 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 108% of Benares Hotels Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹49.0 Cr of operating cash against ₹43.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹76.0 Cr of spending on assets, free cash was −₹27.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 108% of profit came in as cash: the cash cycle got 129 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 5.4× depreciation over three years. The next section checks what that spending is building.

Benares Hotels Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 15 days in FY26, up from −114 days in FY21. It spent ₹103 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹139 Cr, each day of that cycle ties up about ₹0.4 Cr, so roughly ₹6.0 Cr is tied up in the business at any time.

Spending on assets: ₹103 Cr over the last 3 years, against ₹19.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Benares Hotels Ltd's P/E is 30.2×, near the high end of its own history: higher than 77% of past readings. Its usual P/E (the middle reading) is 26.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +0.0% while the price moved +10.9%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 10 years the price moved +25.2% a year; about +18.7% a year came from earnings growth and about +6.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Benares Hotels Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 28.0%; each line tells part of the story. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.