Benares Hotels Limited - travel and hospitality in Varanasi, Uttar Pradesh, India. FY 2026 financials & compliance.
CIN L55101UP1971PLC003480 Incorporated 03 November 1971 ROC Uttar Pradesh HQ Varanasi, Uttar Pradesh, India
Active Listed - NSE: BENARAS · BSE: 509438 Public Limited Company travel and hospitality
Data last updated
Market Cap
₹1,326 Cr
BENARAS · NSE
Share Price
₹10,212.00
+0.12% today
Revenue
₹139 Cr
FY 2025-26 · +2.7% YoY
EBITDA
₹59.49 Cr
Margin 42.8%
Net Profit
₹43.36 Cr
FY 2025-26 · +0.3% YoY
P/E (TTM)
29.8x
P/B 5.9x
ROE
22.4%
ROCE 29.7%
Debt / Equity
0.02
Interest cover 0.7x

About Benares Hotels Limited

Data last updated:

Benares Hotels Limited is a public limited company based in Varanasi, Uttar Pradesh, India, a subsidiary of The Indian Hotels Company Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 03 November 1971 and has been in existence for over 55 years.

The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN L55101UP1971PLC003480. Its GSTIN is 09AABCB2234P1ZJ (Uttar Pradesh). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 509438 and NSE: BENARAS.

The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.3 Cr. It is led by directors including Puneet Raman and Anant Narain Singh.

Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Hotel Taj Gangesnadesar Palace Compound Varanasi, Uttar Pradesh, India – 221002.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹139.14 Cr, a growth of 2.7% compared to the previous year. For the same year it recorded a net profit of ₹43.36 Cr (net margin 31.2%) and EBITDA of ₹59.49 Cr (EBITDA margin 42.8%). The net worth stands at ₹212.63 Cr (up 23.1% YoY). Total assets are valued at ₹216.98 Cr (up 22.6% YoY).

The company has about 185 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Benares Hotels. As per MCA filings, the company has open charges of ₹15.07 Cr on record. Court records list 8 cases involving the company, including 8 filed against it; 5 cases are pending. The company has 1 deal on record (1 market trade); the latest was in September 2010. Its 8 peer companies in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.) are compared by revenue, 5 larger and 3 smaller; the largest is Central Park Infrastructure Development Private Limited with revenue of ₹142.28 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website benareshotelslimited.com.

Company details

CIN L55101UP1971PLC003480
Registration Number 003480
Incorporation Date 03 November 1971
ROC Uttar Pradesh
Listing Status Listed - Listed on NSE (BENARAS); Listed on BSE (509438)
Company Status Active
Date of Last AGM 12 August 2025
Date of Balance Sheet 31 March 2026
Parent Company The Indian Hotels Company Limited
Compliance Status Active Compliant

Contact details

Benares Hotels Limited's registered office is in Varanasi, Uttar Pradesh. Its website is benareshotelslimited.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Hotel Taj Gangesnadesar Palace Compound Varanasi, Uttar Pradesh, India – 221002
  • Industry
    Travel and Hospitality, Hotel & Accommodation Services

To see the full contact details of Benares Hotels Limited, buy the company report.

Comprehensive company report
Benares Hotels Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Benares Hotels operates one associated brand: Benares Hotels. Each brand links to its own profile.

BrandDescriptionWebsite
Hotels in Varanasi are operated by Benares Hotels Limited.benareshotelslimited.com

Business activity

The main business activity of Benares Hotels is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
IAccommodation and Food ServiceI1Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc.

To see the full business activity and turnover split of Benares Hotels Limited, buy the company report.

Financials of Benares Hotels Limited

FY 2025-26 filings available

Benares Hotels Limited reported revenue of ₹139.14 Cr (up 2.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹139 Cr
+2.7% YoY
EBITDA
₹59.49 Cr
+0.3% YoY
Profit After Tax
₹43.36 Cr
+0.3% YoY
Net Worth
₹213 Cr
+23.1% YoY
Total Assets
₹217 Cr
+22.6% YoY
Total Debt
₹3.91 Cr
+1.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue13913512193.3349.8424.2463.64
Revenue growth+2.7%+12.4%+29.2%+87.3%+105.6%-61.9%-
EBITDA59.4959.3151.1336.1614.620.3920.76
EBITDA margin+42.8%+43.8%+42.4%+38.7%+29.3%+1.6%+32.6%
Profit before tax58.0558.1048.0931.287.71(6.97)13.50
Net profit43.3643.2436.2223.395.66(5.23)10.88
Net profit margin+31.2%+31.9%+30.0%+25.1%+11.4%-21.6%+17.1%
EPS (₹)332.61332.69277.25179.8543.48(40.22)81.63
Balance sheet
Total assets21717713710481.7481.6087.66
Net worth21317313399.7777.8472.2378.31
Total debt3.913.843.783.713.649.078.99
Cash & bank80.8989.6550.4230.156.591.682.33
Net working capital62.8389.6447.7927.902.70(0.24)(0.57)
Cash flow
Cash from operations48.7441.8640.5527.8116.182.0716.76
Cash from investing(58.78)(43.42)(25.31)(17.13)(10.53)(0.84)(13.23)
Cash from financing(3.57)(3.56)(2.91)(1.60)(6.14)(1.82)(2.84)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue31.5233.8948.6041.6323.9025.0149.1238.87
Revenue growth (YoY)+31.9%+35.5%-1.1%+7.1%-2.3%+8.7%--
Other income1.301.331.341.031.621.781.381.23
Total expenses21.3321.3926.7722.2215.6614.9927.4120.17
EBITDA10.1912.5021.8319.418.2410.0221.7118.70
EBITDA margin+32.3%+36.9%+44.9%+46.6%+34.5%+40.1%+44.2%+48.1%
Depreciation2.642.632.341.451.511.511.521.49
Interest0.110.120.100.100.100.100.090.10
Profit before tax8.7411.0820.7318.898.2510.1921.4818.34
Tax2.192.825.384.652.182.625.444.78

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue31.5233.8948.6041.6323.9025.0149.1238.87
Revenue growth (YoY)+31.9%+35.5%-1.1%+7.1%-2.3%+8.7%--
Other income1.301.331.341.031.621.781.381.23
Total expenses21.3321.3926.7722.2215.6614.9927.4120.17
EBITDA10.1912.5021.8319.418.2410.0221.7118.70
EBITDA margin+32.3%+36.9%+44.9%+46.6%+34.5%+40.1%+44.2%+48.1%
Depreciation2.642.632.341.451.511.511.521.49
Interest0.110.120.100.100.100.100.090.10
Profit before tax8.7411.0820.7318.898.2510.1921.4818.34
Tax2.192.825.384.652.182.625.444.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue13913512193.3349.8424.2463.64
Revenue growth+2.7%+12.4%+29.2%+87.3%+105.6%-61.9%-
Other income5.765.203.241.500.100.570.20
Total expenses79.6576.1669.4357.1735.2223.8542.88
Employee cost17.9116.0214.2811.729.507.9911.24
EBITDA59.4959.3151.1336.1614.620.3920.76
EBITDA margin+42.8%+43.8%+42.4%+38.7%+29.3%+1.6%+32.6%
Depreciation6.816.035.906.016.366.936.38
Interest0.390.380.380.370.651.001.08
Profit before tax58.0558.1048.0931.287.71(6.97)13.50
Tax14.8314.8612.057.902.05(1.74)2.88
Net profit43.3643.2436.2223.395.66(5.23)10.88
Net profit margin+31.2%+31.9%+30.0%+25.1%+11.4%-21.6%+17.1%
EPS (₹)332.61332.69277.25179.8543.48(40.22)81.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital1.301.301.301.301.301.301.30
Reserves & surplus21117113298.4776.5470.9377.01
Shareholders' funds (net worth)21317313399.7777.8472.2378.31
Secured loans0.000.000.000.000.000.005.55
Unsecured loans3.913.843.783.713.649.073.44
Total debt3.913.843.783.713.649.078.99
Total liabilities21717713710481.7481.6087.66
Assets
Gross block212120115111110110110
Net block15770.5071.1773.1377.9984.0090.65
Capital work in progress0.8218.935.460.640.230.110.04
Investments0.000.000.000.000.000.000.00
Inventories1.991.051.341.230.800.821.05
Sundry debtors5.564.045.074.301.390.784.33
Cash & bank balances80.8989.6550.4230.156.591.682.33
Loans & advances8.338.514.683.141.511.853.20
Total current assets96.7710361.5138.8210.295.1310.91
Total current liabilities33.9413.6113.7210.927.595.3711.48
Net working capital62.8389.6447.7927.902.70(0.24)(0.57)
Total assets21717713710481.7481.6087.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash17.0322.169.820.741.231.821.12
Net cash from operating activities48.7441.8640.5527.8116.182.0716.76
Net cash from investing activities(58.78)(43.42)(25.31)(17.13)(10.53)(0.84)(13.23)
Net cash from financing activities(3.57)(3.56)(2.91)(1.60)(6.14)(1.82)(2.84)
Net change in cash(13.62)(5.13)12.349.08(0.49)(0.59)0.70
Closing cash80.8989.6550.4230.156.591.682.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+2.7%+12.4%+29.2%+87.3%+105.6%-61.9%-
EBITDA growth+0.3%+16.0%+41.4%+147.3%+3648.7%-98.1%-
PBT growth-0.1%+20.8%+53.7%+305.7%+9998.0%-+10.8%
Net income growth+0.3%+19.4%+54.9%+313.3%+208.2%-148.1%-
Revenue CAGR (3Y)+14.2%+39.6%+70.7%+13.6%-5.8%-20.1%+8.7%
EBITDA CAGR (3Y)+18.1%+59.5%+408.0%+20.3%-5.8%-67.4%+14.6%
Profitability & leverage
Net income margin+31.1%+31.9%+29.9%+25.1%+11.4%-21.6%+16.7%
Return on capital employed+29.7%+37.2%+40.2%+34.1%+10.2%-7.1%+17.7%
Return on net worth+22.4%+28.3%+31.0%+26.3%+7.5%-7.0%+14.2%
Debt / equity0.020.020.030.040.080.120.09
Long-term debt / equity0.020.020.030.040.050.050.02
Interest cover0.740.710.841.237.87-15.297.51
Efficiency & per share
Fixed asset turnover0.841.151.070.840.450.220.62
Inventory turnover91.54113.3693.8291.9561.5325.9354.63
Debtors turnover28.9929.7425.7332.8045.949.4914.66
EPS (₹)332.61332.69277.25179.8543.48(40.22)81.63
Dividend per share (₹)25.0025.0025.0020.0010.000.007.50
Book value per share (₹)1,635.611,328.581,023.05767.50598.75555.65602.41

To see the full year-wise statements and ratios of Benares Hotels Limited, buy the company report.

Board of directors of Benares Hotels Limited

Benares Hotels has 6 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Puneet RamanDirector17 Sep 20188 Years 1 MonthsCurrent
Anant Narain SinghDirector31 Jan 200125 Years 9 MonthsCurrent
Rohit KhoslaDirector07 May 201511 Years 5 MonthsCurrent
Anita BelaniDirector14 Jan 20251 Years 9 MonthsCurrent
Rajendra MisraAdditional Director29 Apr 20260 Years 6 MonthsCurrent
Anupam Ravindranath ChaturvediAdditional Director29 Apr 20260 Years 6 MonthsCurrent

Peer comparison

Benares Hotels Limited is compared with the 8 companies closest to it by revenue in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Central Park Infrastructure Development Private Limited₹142.28 Cr (FY 2025)18.0%New Delhi, Delhi, India
Lodhi Property Company Limited₹141.97 Cr (FY 2025)10.0%New Delhi, Delhi, India
Sayaji Hotels Limited₹141.67 Cr (FY 2025)21.0%Vadodara, Gujarat, India
Ascent Hotels Private Limited₹141.54 Cr (FY 2025)19.0%Mumbai, Maharashtra, India
Viceroy Hotels Limited₹140.83 Cr (FY 2025)1.0%Hyderabad, Telangana, India
Khanna Hotels Private Limited₹139.9 Cr (FY 2025)13.0%Mumbai, Maharashtra, India
Wave Hospitality Private Limited₹139.79 Cr (FY 2025)8.0%Delhi, India
Benares Hotels Limitedthis company₹139.14 Cr (FY 2026)₹43.36 Cr31.2%2.7%185Varanasi, Uttar Pradesh, India
Eastern International Hotels Limited₹138.81 Cr (FY 2025)5.0%Mumbai, Maharashtra, India

To see the full peer comparison of Benares Hotels Limited, buy the company report.

Auditor

Benares Hotels Limited is audited by PKF Sridhar & Santhanam LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
PKF Sridhar & Santhanam LLPFY 2023003990S/S200018

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 62.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 37.40%.

Promoters: 62.60%DII (Domestic Institutional): 0.10%Retail & Others: 37.40%
Sep 2026
QUARTER
62.60% Promoters
0.10% DII (Domestic Institutional)
37.40% Retail & Others
Promoter holding - history
Now 62.60% · Sep 2026High 62.60% · Dec 2025Low 62.60% · Dec 2025
61%61.8%62.5%63.3%64%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 62.60%Mar 2026: 62.60%Jun 2026: 62.60%Sep 2026: 62.60%62.60%62.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters62.60%62.60%62.60%62.60%
Public37.40%37.40%37.40%37.40%

Charges & borrowings

Open charges
₹15.07 Cr
Satisfied charges
None
Breakdown by lending institutions
Axis Bank Limited₹10.00 Cr
Industrial Finance Corporation of India₹2.19 Cr
The Industrial Finance Corporation of India₹1.40 Cr
Industrial Development Bank of India₹0.56 Cr
The Pradeshiya Ind. Investment Cor. of Uttar Pradesh Ltd.₹0.30 Cr
Others₹0.63 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Dec 2020100404057Axis Bank Limited₹10 CrOpen
06 Nov 199090268575Industrial Finance Corporation of India₹1.52 CrOpen
28 Mar 199090268531The Industrial Finance Corporation of India₹1.25 CrOpen
14 Mar 198790268309Canara Bank₹15 LakhOpen
14 Mar 198790269912Canara Bank₹15 LakhOpen

To see the full charge records of Benares Hotels Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Benares Hotels Limited has 1 deal on record (1 market trade); the latest was in September 2010.

Total deals
1
Market trade
1

Deals on record (1 of 1)

WhenDealAmountParties
Sep 2010Market trade₹86.6 LakhBuyer: an individual
Seller: an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Benares Hotels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Benares Hotels Limited has a workforce of 185 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
185
Active EPFO establishments
1
Employee growth
8.82%

GST

Benares Hotels has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
09AABCB2234P1ZJUttar PradeshActive01 Jul 2017
27AABCB2234P1ZLMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Benares Hotels Limited, buy the company report.

Recent activity

Benares Hotels Limited has 44 board changes on record since 1973: 26 appointments and 18 cessations. The latest: Anupam Ravindranath Chaturvedi was appointed as Additional Director on 29 Apr 2026.

Appointed
Anupam Ravindranath Chaturvedi was appointed as Additional Director.
Appointed
Rajendra Misra was appointed as Additional Director.
Filing
Benares Hotels Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Uttar Pradesh I.
AGM
Benares Hotels Limited last Annual general meeting of members was held on 12 Aug 2025 as per latest MCA records.
Appointed
Anita Belani was appointed as Director.
Ceased
Rukmani Raghuvirsinh Gohil ceased to be Director.
Appointed
Beejal Akshaykumar Desai was appointed as Director.
Ceased
Puneet Chhatwal ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100404057 was registered on 21 Dec 2020.
Appointed
Puneet Raman was appointed as Director.
Ceased
Shree Raman ceased to be Director.
Ceased
Giridhar Sanjeevi ceased to be Additional Director.

50 earlier events are in the company report.

Frequently asked questions

Benares Hotels is an active public limited company based in Varanasi, Uttar Pradesh, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 03 November 1971 (55+ years old) and is registered under CIN L55101UP1971PLC003480. Listed on BSE: 509438 and NSE: BENARAS.

Benares Hotels reported revenue of ₹139.14 Cr for FY 2025-26 (up 2.7% YoY) based on standalone financials.

Benares Hotels has 6 current directors:

The latest financial statements of Benares Hotels on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Benares Hotels is 09AABCB2234P1ZJ, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCB2234P1ZL (Maharashtra).

The CIN (Corporate Identification Number) of Benares Hotels is L55101UP1971PLC003480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Benares Hotels is a listed company as per MCA records. Its shares are listed on both BSE (code: 509438) and NSE (symbol: BENARAS).

Benares Hotels has 8 court cases on record: 8 filed against it. 5 are pending. Most are in the district courts.

Benares Hotels was incorporated on 03 November 1971, making it 55+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.

Benares Hotels has 1 deal on record (1 market trade); the latest was in September 2010.

The peers of Benares Hotels by revenue are Central Park Infrastructure Development Private Limited, Lodhi Property Company Limited, Sayaji Hotels Limited, Ascent Hotels Private Limited, Viceroy Hotels Limited and 3 more, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).