# Benares Hotels share price today (Benares Hotels Ltd, NSE: BENARAS)

> Benares Hotels share price today: ₹10,200.00 at the NSE close on 3 November 2026, up 9.2% in a year. Benares Hotels (NSE: BENARAS) is worth ₹1,326 crore, trades at a P/E of 29.8 and has closed between ₹9,302.30 and ₹11,074.20 over the past 52 weeks. > Benares Hotels Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. BENARAS · Hotels · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/benares-hotels-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹10,200.00 (+9.2% in a year)
- P/E: 29.8× (higher than 72% of the last 11 years)
- Revenue (Sep 2026): ₹31.5 Cr (+31.9% on a year ago)
- Profit (Sep 2026): ₹6.6 Cr (+7.9% on a year ago)
- Operating margin: 32.3% (−2.1 points on a year ago)
- ROCE: 30%, FY26
- ROIC: 29.4%, against a 12.0% cost of capital: +17.4 points

Biggest thing to watch: the P/E is higher than 72% of its own history, so the multiple has already done part of the work. ## What is the Benares Hotels share price today? Benares Hotels Ltd's share price was ₹10,200.00 at the close on 3 November 2026. It has been rising for 27 weeks. That is 1.1% 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 51% of the way up from that low. 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 +920% 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. ## What changed at Benares Hotels this quarter? 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. ## What are Benares Hotels' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹31.5 crore | ₹23.9 crore | +31.9% |
| Profit | ₹6.56 crore | ₹6.08 crore | +7.9% |
| Earnings per share | ₹50.46 | ₹46.77 | +7.9% |
| Operating margin | 32.3% | 34.5% | −2.1 points |

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.)

## What is the Benares Hotels share price history? Benares Hotels closed at ₹10,200.00 on 3 November 2026, up 9.2% from ₹9,340.55 a year earlier (31 October 2025) and up 503.5% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹10,230.00 | −0.3% |
| 1 month ago · 1 Oct 2026 | ₹10,230.00 | −0.3% |
| 1 year ago · 31 Oct 2025 | ₹9,340.55 | +9.2% |
| 3 years ago · 3 Nov 2023 | ₹6,369.75 | +60.1% |
| 5 years ago · 4 Nov 2021 | ₹1,690.10 | +503.5% |
| 10 years ago · 4 Nov 2016 | ₹1,095.00 | +831.5% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹1,000.00 | +920.0% |
| Highest weekly close since March 2016 · 21 Feb 2025 | ₹12,015.10 | −15.1% |
| 52-week high (weekly close) · 11 Sep 2026 | ₹11,074.20 | −7.9% |
| 52-week low (weekly close) · 21 Nov 2025 | ₹9,302.30 | +9.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (542 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Benares Hotels? 3 Nov 2026: Benares Hotels closed at ₹10,200.00, down 0.3% on the week and down 0.3% on the month. Results for July to September 2026: Revenue up 31.9% and profit up 7.9% on a year earlier. ## What dividend does Benares Hotels pay? 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 4 November 2026.)

## Which stock lists is Benares Hotels on? Benares Hotels is on 2 of our India lists: Momentum stocks and Hotel stocks. - [Momentum stocks Market cap cr: 1327.56](https://www.sectoralpha.in/momentum-stocks-india)
- [Hotel stocks Group on the list: Hotel owners and chains](https://www.sectoralpha.in/sectors/hotels)

## Is Benares Hotels profitable? 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. 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. ## How much revenue does Benares Hotels make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Benares Hotels keep? 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. 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. ## Is Benares Hotels' profit turning into cash? 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. 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. ## Where does Benares Hotels' cash go? 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. 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. ## What is Benares Hotels' P/E ratio, and how does it compare with its own history? Benares Hotels Ltd's P/E is 29.8×, near the high end of its own history: higher than 72% 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. Why the multiple is where it is: over the past year earnings per share moved +0.0% while the price moved +9.2%. 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 +25.0% a year; about +18.7% a year came from earnings growth and about +6.3 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. ## Is the Benares Hotels business getting better or worse? 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. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Benares Hotels earn on its capital? Benares Hotels Ltd earned a ROCE of 30% in FY26. That is up from a low of −7% in FY21. Its return on capital used (ROIC) is 17.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 30.9% net margin and 0.54× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 30.9% net margin × 0.54× asset turnover × 1.21× leverage (assets divided by equity) ≈ 20.2% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 29.4% − 12.0% = +17.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 29.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 35.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Benares Hotels have too much debt? Benares Hotels Ltd has total debt of ₹4.0 Cr against shareholder equity of ₹224 Cr as of Sep 2026, so its debt is 0.02× its equity, which is very little. Year by year, that ratio went from 0.05 in FY22 to 0.02 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Benares Hotels shareholding pattern? Promoters raised their stake in Benares Hotels Ltd by 1.4 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 62.6% of the company. Foreign institutions moved +0.0 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: promoters drove it (+1.4 points). They raised their stake step by step. ## How far is Benares Hotels from balance-sheet trouble? For Benares Hotels Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Benares Hotels rank in its industry? 48.0 out of 100, rank 12 of 24 in Hotels, with 85% of the evidence available. Benares Hotels Ltd scores 48.0 out of 100 against the 24 companies it is compared with in Hotels, ranking 12. A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. The four parts add up to the total exactly: 12 + 19.4 + 5.3 + 11.3 = 48. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Benares Hotels compared with? Benares Hotels ranks 12 of 24 Hotels companies on the 4-Factor Sector Score, with 48.0 out of 100. 1. [Asian Hotels (West) Ltd](https://www.sectoralpha.in/stocks/asian-hotels-westltd) AHLWEST · turning · Most evidence points up · 64% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 8.5% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 19.2/25 · ROCE 19.7% · Operating margin 40% · 100% evidence Valuation 11.4/20 · P/E 6.7× · PEG n/a · 15% evidence Relative strength 12.2/20 · Lead over its industry n/a · Lead over NIFTY 500 34.1% · 1 year n/a · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.3 + 19.2 + 11.4 + 12.2 = 68.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Indian Hotels Co Ltd](https://www.sectoralpha.in/stocks/indian-hotels-co-ltd) INDHOTEL · turning · Most evidence points up · 82% evidence 66.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 15.4% · Profit 28.6% · Operating margin change 0 points · 95% evidence Capital efficiency 17.0/25 · ROCE 17.1% · Operating margin 28% · 76% evidence Valuation 10.2/20 · P/E 57.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 16.2% · Lead over NIFTY 500 22.1% · 1 year 9.4% · 100% evidence · 8 of 12 weeks ahead Exact sum: 22.5 + 17 + 10.2 + 17.2 = 66.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [TajGVK Hotels & Resorts Ltd](https://www.sectoralpha.in/stocks/tajgvk-hotels-resorts-ltd) TAJGVK · quiet · Most evidence points up · 74% evidence 65.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.4/35 · Revenue 22.5% · Profit 100% · Operating margin change 0 points · 88% evidence Capital efficiency 13.4/25 · ROCE 13.3% · Operating margin 30% · 100% evidence Valuation 15.3/20 · P/E 13.2× · PEG 0.85 · 65% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.1% · 1 year -28% · 25% evidence · 2 of 12 weeks ahead Exact sum: 28.4 + 13.4 + 15.3 + 8.1 = 65.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Oriental Hotels Ltd](https://www.sectoralpha.in/stocks/oriental-hotels-ltd) ORIENTHOT · leader · Evidence leans up · 93% evidence 64.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Revenue 6.8% · Profit 36% · Operating margin change -0.8 points · 100% evidence Capital efficiency 14.1/25 · ROCE 12.1% · Operating margin 23% · 100% evidence Valuation 12.9/20 · P/E 42.1× · PEG 0.88 · 65% evidence Relative strength 20.0/20 · Lead over its industry 37.9% · Lead over NIFTY 500 44.5% · 1 year 30.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 17.9 + 14.1 + 12.9 + 20 = 64.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Leela Palaces Hotels & Resorts Ltd](https://www.sectoralpha.in/stocks/leela-palaces-hotels-resorts-ltd) THELEELA · leader · Evidence leans up · 93% evidence 61.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 23.5% · Profit 80.5% · Operating margin change -1 points · 100% evidence Capital efficiency 10.5/25 · ROCE 8.7% · Operating margin 43% · 100% evidence Valuation 8.7/20 · P/E 45.2× · PEG 1.81 · 65% evidence Relative strength 18.9/20 · Lead over its industry 35.4% · Lead over NIFTY 500 42.1% · 1 year 46.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 10.5 + 8.7 + 18.9 = 61.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [ITC Hotels Ltd](https://www.sectoralpha.in/stocks/itc-hotels-ltd) ITCHOTELS · turning · Evidence leans up · 93% evidence 55.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 19.9% · Profit 26.7% · Operating margin change 3 points · 100% evidence Capital efficiency 11.4/25 · ROCE 11.2% · Operating margin 32% · 100% evidence Valuation 7.9/20 · P/E 35.2× · PEG 2.02 · 65% evidence Relative strength 12.5/20 · Lead over its industry -2.5% · Lead over NIFTY 500 2.4% · 1 year -22.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 23.9 + 11.4 + 7.9 + 12.5 = 55.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Viceroy Hotels Ltd](https://www.sectoralpha.in/stocks/viceroy-hotels-ltd) VHLTD · breaking out · Evidence leans up · 78% evidence 54.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 24.4% · Profit -69.2% · Operating margin change 10.8 points · 65% evidence Capital efficiency 7.0/25 · ROCE 7.1% · Operating margin 25.6% · 100% evidence Valuation 8.5/20 · P/E 47.8× · PEG n/a · 50% evidence Relative strength 16.1/20 · Lead over its industry 10.2% · Lead over NIFTY 500 15.7% · 1 year 18.7% · 100% evidence · 6 of 12 weeks ahead Exact sum: 22.6 + 7 + 8.5 + 16.1 = 54.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Chalet Hotels Ltd](https://www.sectoralpha.in/stocks/chalet-hotels-ltd) CHALET · breaking out · Evidence leans up · 74% evidence 52.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 6% · Profit 85.3% · Operating margin change 6 points · 88% evidence Capital efficiency 18.5/25 · ROCE 17% · Operating margin 46% · 100% evidence Valuation 4.9/20 · P/E 33× · PEG 3.09 · 65% evidence Relative strength 10.3/20 · Lead over its industry n/a · Lead over NIFTY 500 2% · 1 year -15.2% · 25% evidence · 8 of 12 weeks ahead Exact sum: 19.2 + 18.5 + 4.9 + 10.3 = 52.9 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 9. [Lemon Tree Hotels Ltd](https://www.sectoralpha.in/stocks/lemon-tree-hotels-ltd) LEMONTREE · turning · Too little evidence to rank firmly · 56% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Revenue 10.4% · Profit 9.6% · Operating margin change -1 points · 83% evidence Capital efficiency 16.4/25 · ROCE 14.1% · Operating margin 43% · 76% evidence Valuation 9.4/20 · P/E 33.8× · PEG n/a · 15% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -5.8% · 1 year -33.9% · 25% evidence · 2 of 12 weeks ahead Exact sum: 17.9 + 16.4 + 9.4 + 8.4 = 52.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Travel Food Services Ltd](https://www.sectoralpha.in/stocks/travel-food-services-ltd) TRAVELFOOD · quiet · Evidence leans up · 71% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 4.4% · Profit 17.4% · Operating margin change -3 points · 83% evidence Capital efficiency 21.3/25 · ROCE 42.4% · Operating margin 36% · 76% evidence Valuation 9.8/20 · P/E 31.9× · PEG n/a · 15% evidence Relative strength 4.8/20 · Lead over its industry -7.3% · Lead over NIFTY 500 -2.5% · 1 year -12.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 15.8 + 21.3 + 9.8 + 4.8 = 51.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Juniper Hotels Ltd](https://www.sectoralpha.in/stocks/juniper-hotels-ltd) JUNIPER · breaking out · Evidence leans down · 89% evidence 49.9 out of 100 Growth Capital Valuation Relative
12. Benares Hotels Ltd this page BENARAS · breaking out · Evidence leans down · 85% evidence 48.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Revenue 13.7% · Profit 2.6% · Operating margin change -2.1 points · 100% evidence Capital efficiency 19.4/25 · ROCE 29.8% · Operating margin 32.3% · 100% evidence Valuation 5.3/20 · P/E 29.8× · PEG 2.06 · 100% evidence Relative strength 11.3/20 · Lead over its industry n/a · Lead over NIFTY 500 7.8% · 1 year 9.2% · 25% evidence · 3 of 5 weeks ahead Exact sum: 12 + 19.4 + 5.3 + 11.3 = 48 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 13. [EIH Ltd](https://www.sectoralpha.in/stocks/eih-ltd) EIHOTEL · quiet · Evidence leans down · 78% evidence 48.0 out of 100 Growth Capital Valuation Relative
14. [Kamat Hotels (India) Ltd](https://www.sectoralpha.in/stocks/kamat-hotels-indialtd) KAMATHOTEL · breaking out · Evidence leans down · 71% evidence 47.9 out of 100 Growth Capital Valuation Relative
15. [Advent Hotels International Ltd](https://www.sectoralpha.in/stocks/advent-hotels-international-ltd) ADVENTHTL · quiet · Too little evidence to rank firmly · 51% evidence 45.7 out of 100 Growth Capital Valuation Relative
16. [Samhi Hotels Ltd](https://www.sectoralpha.in/stocks/samhi-hotels-ltd) SAMHI · quiet · Evidence leans down · 79% evidence 45.6 out of 100 Growth Capital Valuation Relative
17. [Royal Orchid Hotels Ltd](https://www.sectoralpha.in/stocks/royal-orchid-hotels-ltd) ROHLTD · quiet · Evidence leans down · 81% evidence 45.3 out of 100 Growth Capital Valuation Relative
18. [Ventive Hospitality Ltd](https://www.sectoralpha.in/stocks/ventive-hospitality-ltd) VENTIVE · quiet · Evidence leans down · 71% evidence 44.1 out of 100 Growth Capital Valuation Relative
19. [Sayaji Hotels Ltd](https://www.sectoralpha.in/stocks/sayaji-hotels-ltd) SAYAJIHOTL · leader · Too little evidence to rank firmly · 56% evidence 43.2 out of 100 Growth Capital Valuation Relative
20. [EIH Associated Hotels Ltd](https://www.sectoralpha.in/stocks/eih-associated-hotels-ltd) EIHAHOTELS · basing · Evidence leans down · 96% evidence 40.7 out of 100 Growth Capital Valuation Relative
21. [U P Hotels Ltd](https://www.sectoralpha.in/stocks/u-p-hotels-ltd) UPHOT · breaking out · Evidence leans down · 81% evidence 39.8 out of 100 Growth Capital Valuation Relative
22. [Apeejay Surrendra Park Hotels Ltd](https://www.sectoralpha.in/stocks/apeejay-surrendra-park-hotels-ltd) PARKHOTELS · quiet · Most evidence points down · 81% evidence 34.9 out of 100 Growth Capital Valuation Relative
23. [Asian Hotels (North) Ltd](https://www.sectoralpha.in/stocks/asian-hotels-northltd) ASIANHOTNR · breaking out · Too little evidence to rank firmly · 56% evidence 34.9 out of 100 Growth Capital Valuation Relative
24. [HLV Ltd](https://www.sectoralpha.in/stocks/hlv-ltd) HLVLTD · Too little evidence to rank firmly · 48% evidence 39.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Hotels](https://www.sectoralpha.in/sectors/hotels), all 24 compared on one page. ## Which companies are close to Benares Hotels in size? Benares Hotels is the 16th largest of 24 Hotels companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: TajGVK Hotels & Resorts, EIH Associated Hotels and Asian Hotels (North). Just below it: Viceroy Hotels, U P Hotels and Royal Orchid Hotels. ### Hotels companies close in size

1. [TajGVK Hotels & Resorts Ltd](https://www.sectoralpha.in/stocks/tajgvk-hotels-resorts-ltd) ₹1,897 crore
2. [EIH Associated Hotels Ltd](https://www.sectoralpha.in/stocks/eih-associated-hotels-ltd) ₹1,693 crore
3. [Asian Hotels (North) Ltd](https://www.sectoralpha.in/stocks/asian-hotels-northltd) ₹1,326 crore
4. Benares Hotels Ltd ₹1,326 crore
5. [Viceroy Hotels Ltd](https://www.sectoralpha.in/stocks/viceroy-hotels-ltd) ₹1,090 crore
6. [U P Hotels Ltd](https://www.sectoralpha.in/stocks/u-p-hotels-ltd) ₹812 crore
7. [Royal Orchid Hotels Ltd](https://www.sectoralpha.in/stocks/royal-orchid-hotels-ltd) ₹738 crore

[All 24 Hotels companies, largest first](https://www.sectoralpha.in/sectors/hotels#all-companies)

### Companies close in size in other industries

1. [KP Green Engineering Ltd](https://www.sectoralpha.in/stocks/kp-green-engineering-ltd) ₹1,328 crore · Solar EPC
2. [Asian Hotels (North) Ltd](https://www.sectoralpha.in/stocks/asian-hotels-northltd) ₹1,326 crore · Hotels
3. Benares Hotels Ltd ₹1,326 crore
4. [KS Smart Technlogies Limited](https://www.sectoralpha.in/stocks/ks-smart-technlogies-limited) ₹1,315 crore · Paper
5. [Shalby Ltd](https://www.sectoralpha.in/stocks/shalby-ltd) ₹1,303 crore · Hospitals

## What else do people ask about Benares Hotels? ### What were Benares Hotels's latest quarterly results? Benares Hotels Ltd reported revenue of ₹31.5 Cr and net profit of ₹6.6 Cr for the Sep 2026 quarter. Revenue rose 31.9% and profit rose 7.9% compared with a year earlier. Earnings per share were ₹50.46. The operating margin was 32.3%, 2.1 percentage points lower than a year earlier (as of 3 November 2026). ### What is Benares Hotels's market cap? Benares Hotels Ltd's market capitalisation is ₹1,326 Cr at a share price of ₹10,200.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Benares Hotels performing? Benares Hotels Ltd's share price has been rising for 27 weeks. In its latest quarter, revenue rose 31.9% and profit rose 7.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 29 weeks running (as of 3 November 2026). ### Will Benares Hotels's share price go up? This page does not forecast Benares Hotels Ltd's share price. What it shows instead: the share price is ₹10,200.00, and it has been rising for 27 weeks. Its P/E of 29.8× is higher than 72% of its own last 11 years (as of 3 November 2026). ### Who owns Benares Hotels? Promoters own 62.6% of Benares Hotels Ltd, foreign institutions 0.0%, domestic institutions 0.0% and the public 37.4% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 1.4 percentage points over 8 quarters (as of 3 November 2026). ### Does Benares Hotels have too much debt? No, Benares Hotels Ltd has little debt: its debt is 0.02× its equity, and its operating profit is 15 times its interest bill. FY26 borrowings were ₹4.0 Cr against equity of ₹212 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Benares Hotels in its business cycle? Benares Hotels Ltd's FY26 operating margin was 43.0%, against a 13-year range of 1.6% to 44.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 32.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Benares Hotels story? Biggest thing to watch: the P/E is higher than 72% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Benares Hotels a stock worth studying right now? What the numbers show: Benares Hotels Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Hotel stocks: https://www.sectoralpha.in/sectors/hotels

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