Brigade Hotel Ventures Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Brigade Hotel Ventures Ltd trades at ₹59.7, in a downtrend and 46 weeks into that stage. That is −10.0% against its own 200-day average. It sits at 12% of a 52-week range of ₹56 to ₹84. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (5 weeks and counting).

Today the stock is in a downtrend — week 46 of stage 4, confirmed. At ₹59.7 it trades −10.0% versus its 200-day average and sits at 12% of its 52-week range (₹56–₹84).

Against the market, two honest reads. Cumulative: over the last 1.0 years the stock moved −29% while the NIFTY 500 moved +4% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (5 weeks and counting; last ahead the week of 2026-07-10) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Brigade Hotel Ventures Ltd trades at 33.2× P/E, about the cheapest it has ever traded. Its long-run median P/E is 46.9×, measured across 1.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 33.2× is about the cheapest it has ever traded, against a long-run median of 46.9× measured over 1.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +113.9% against a −28.0% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

The PEG ratio, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 16% on reported income across 8 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

At its price on 13 June 2026, Brigade Hotel Ventures Ltd was priced for profit growth of about 22.6% a year. The market pays that at 33.2× P/E, the 1st percentile of its own 1-year range.

What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is the whole of what a buyer is backing. Both readings sit on the same earnings, so they are one reading rather than two.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements. Every other number on this page is read off the live quote.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Brigade Hotel Ventures Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 5 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

50.5/100 — rank 1 of 1 in Hotels - Resorts · 57% evidence confidence

Brigade Hotel Ventures Ltd scores 50.5 out of 100 against the 1 companies it is compared with in Hotels - Resorts, ranking 1. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 19.3 + 13.7 + 10 + 7.5 = 50.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Brigade Hotel Ventures Ltd reported ₹127 Cr of revenue in the Jun 26 quarter, +2.4% year on year. That is the 5th straight quarter of year-on-year growth. Over 3 years it has compounded at 14.5% a year. The last full year, FY26, came in at ₹525 Cr. The last four reported quarters add to ₹528 Cr.

FY26 revenue came in at ₹525 Cr (+12.2% on the year), capping 3 years at 14.5% compound. The latest quarter (Jun 26) printed ₹127 Cr, +2.4% year on year — the 5th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +8.2% growth against the decade's 14.5% — the current year is running slower than its own long-run rate.

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

Brigade Hotel Ventures Ltd's operating margin is 33.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 28.0% to 36.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 33.0%, +0.0 pp against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 28.0%–36.0%.

🚨 Why the margin moved: operating margin went −0.2 pp year on year while gross margin went +0.2 pp — the loss came mostly from the gross line: input costs and pricing.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Brigade Hotel Ventures Ltd earned ₹17.0 Cr of net profit in the Jun 26 quarter, +142.9% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹65.0 Cr. That is 13.4% of the quarter's revenue. The same quarter a year earlier earned ₹7.0 Cr. 1 of the last 9 reported quarters were loss-making.

Jun 26 profit was ₹17.0 Cr, +142.9% year on year — the 4th consecutive quarter of growth. On the full year, FY26 printed ₹65.0 Cr (+170.8%).

Why profit moved: revenue contributed +2.4% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +103.1% vs revenue +8.2%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 420% of Brigade Hotel Ventures Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹200 Cr of operating cash against ₹65.0 Cr of profit. After ₹304 Cr of capital spending, ₹−104 Cr was left as free cash.

FY26: operating cash of ₹200 Cr against reported profit of ₹65.0 Cr, leaving free cash of ₹−104 Cr after ₹304 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 420% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 420%: the cash cycle held roughly steady between FY23 and FY26 — so conversion tracks profitability rather than the cycle.

Router verdict: the bigger cash user is investment — capital spending ran 3.3× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Brigade Hotel Ventures Ltd's cash conversion cycle runs 16 days in FY26, down from 22 days in FY23. Capital spending ran ₹493 Cr over the last 3 years. At FY26 sales of ₹525 Cr each day of that cycle holds about ₹1.4 Cr, so roughly ₹23.0 Cr sits inside the business at any moment.

FY26: debtors at 16 days, inventory at 57 days — roughly 1.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 16 days, tighter than FY23's 22.

The full loop: cash goes out to suppliers and production on day 0; stock waits 57 days to sell; customers pay about 16 days after that; and suppliers themselves are paid at 334 days — netting out to the 16-day cycle.

In money terms: at FY26 sales of ₹525 Cr, each day of the cycle holds about ₹1.4 Cr — so the 16-day loop keeps roughly ₹23.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹493 Cr over the last 3 fiscal years against ₹148 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹96.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Brigade Hotel Ventures Ltd earns a ROCE of 13% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 12.4% net margin on 0.38× asset turns.

FY26 ROCE is 13%.

Why the return is what it is — the wiring (FY26): 12.4% net margin × 0.38× asset turns × 1.44× balance-sheet leverage ≈ 6.8% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 16% on reported income across 8 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Brigade Hotel Ventures Ltd carries ₹309 Cr of borrowings against ₹958 Cr of equity in FY26, a debt-to-equity of 0.32. Operating profit covers the interest bill 3×. Over 3 years borrowings went from ₹982 Cr to ₹309 Cr. Capital spending ran ₹493 Cr across the last 3 of those years.

FY26: borrowings of ₹309 Cr against equity of ₹958 Cr — a debt-to-equity of 0.32. Operating profit covers the interest bill 3×. Over 3 years borrowings went from ₹982 Cr to ₹309 Cr while capital spending ran ₹493 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 16% on reported income across 8 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Brigade Hotel Ventures Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Brigade Hotel Ventures Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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