MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-GA-01-0002716
Market Cap
₹144 Cr
HBGHOTELS · BSE
Share Price
₹67.30
-3.77% today
Revenue
₹31.74 Cr
FY 2025-26 · +11.0% YoY
EBITDA
₹7.13 Cr
Margin 22.5%
Net Profit
₹2.76 Cr
FY 2025-26 · +135.9% YoY
P/E (TTM)
47.0x
P/B 0.4x
Authorised capital
₹29 Cr
Registered with MCA
Paid-up capital
₹28.22 Cr
Issued & subscribed
About HBG Hotels Limited
Data last updated:
HBG Hotels Limited is a public limited company based in Goa, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 10 February 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN L67190GA1993PLC001327. Its GSTIN is 30AABCP1502G1ZA (Goa). 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: 537839.
The company has an authorised share capital of ₹29 Cr and a paid-up capital of ₹28.22 Cr. It was formerly known as Phoenix Township Limited. It is led by directors including Samit Prafulla Hede (Managing Director) and Paul David Talbot Willcox.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Durga Bhavan Hede Centre Tonca Panaji, Goa, India – 403001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹31.74 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹2.76 Cr (net margin 8.7%) and EBITDA of ₹7.13 Cr (EBITDA margin 22.5%). The net worth stands at ₹373.69 Cr (up 6.7% YoY). Total assets are valued at ₹786.82 Cr (up 12% YoY).
The company has about 131 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹326.62 Cr and satisfied charges of ₹47.37 Cr on record. Court records list 19 cases involving the company, including 13 filed by the company and 6 filed against it; 3 cases are pending. The company has 5 deals on record (5 market trades); the latest was in August 2026. Its 9 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, 4 larger and 5 smaller; the largest is Indra Hotels (Mysore) Private Limited with revenue of ₹35.51 Cr.
HBG Hotels Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-01-0002716). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hbgindia.com.
Company details
CIN L67190GA1993PLC001327
Registration Number 001327
Incorporation Date 10 February 1993
ROC Goa
Listing Status Listed - Listed on BSE (537839)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GA-01-0002716
CIN history
HBG Hotels has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L67190GA1993PLC001327, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67190GA1993PLC001327 | Current |
| U67190GA1993PLC001327 | Previous |
| U70101GA1993PLC001327 | Previous |
Key People
Samit Prafulla Hede Managing Director Paul David Talbot Willcox Director Shibanee Harlalka Director Recognitions & Rankings of HBG Hotels
Contact details
HBG Hotels Limited's registered office is in Goa. Its website is hbgindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDurga Bhavan Hede Centre Tonca Panaji, Goa, India – 403001
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of HBG Hotels Limited, buy the company report.
Comprehensive company report
HBG 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
Business activity
The main business activity of HBG Hotels is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc. and food and beverage services provided by hotels, restaurants, caterers, etc.. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of HBG Hotels Limited, buy the company report.
Financials of HBG Hotels Limited
FY 2025-26 filings availableHBG Hotels Limited reported revenue of ₹31.74 Cr (up 11% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹31.74 Cr
+11.0% YoY
EBITDA
₹7.13 Cr
+87.1% YoY
Profit After Tax
₹2.76 Cr
+135.9% YoY
Net Worth
₹374 Cr
+6.7% YoY
Total Assets
₹787 Cr
+12.0% YoY
Total Debt
₹361 Cr
+19.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 31.74 | 28.59 | 27.47 | 25.86 |
| Revenue growth | +11.0% | +4.1% | +6.2% | - |
| EBITDA | 7.13 | 3.81 | (0.81) | 4.34 |
| EBITDA margin | +22.5% | +13.3% | -3.0% | +16.8% |
| Profit before tax | 3.70 | 57.51 | 197 | 0.98 |
| Net profit | 2.76 | 1.17 | 1.02 | 0.66 |
| Net profit margin | +8.7% | +4.1% | +3.7% | +2.6% |
| EPS (₹) | 1.35 | 30.25 | 140.45 | 0.49 |
| Balance sheet | ||||
| Total assets | 787 | 703 | 455 | 41.13 |
| Net worth | 374 | 350 | 221 | 24.42 |
| Total debt | 361 | 301 | 233 | 15.45 |
| Cash & bank | 23.29 | 30.24 | 2.13 | 0.31 |
| Net working capital | 20.21 | 26.59 | 1.09 | (3.90) |
| Cash flow | ||||
| Cash from operations | (33.14) | (61.27) | 25.03 | 2.29 |
| Cash from investing | (51.64) | (101) | (238) | (3.61) |
| Cash from financing | 77.83 | 190 | 215 | 1.01 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.77 | 10.02 | 9.28 | 6.33 | 6.11 | 8.70 | 11.09 | 5.96 |
| Revenue growth (YoY) | +10.8% | +15.2% | -16.3% | +6.2% | -35.8% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 50.65 | 0.00 | 0.00 |
| EBITDA | 1.11 | 2.42 | 1.70 | 1.87 | 1.15 | 1.51 | 3.94 | 0.97 |
| EBITDA margin | +17.3% | +28.2% | +19.3% | +37.9% | +20.0% | +18.6% | +44.4% | +18.4% |
| Depreciation | 0.46 | 0.59 | 0.41 | 0.41 | 0.48 | 0.48 | 0.45 | 0.45 |
| Interest | 0.33 | 0.34 | 0.43 | 0.38 | 0.39 | 0.32 | 0.47 | 0.42 |
| Profit before tax | 0.32 | 1.49 | 0.86 | 1.08 | 0.28 | 51.36 | 3.02 | 0.10 |
| Tax | 0.06 | 0.26 | 0.12 | 0.21 | 0.06 | 0.05 | 0.81 | 0.11 |
| Net profit | 0.26 | 1.23 | 0.74 | 0.87 | 0.22 | 51.31 | 2.21 | (0.01) |
| EPS (₹) | 0.12 | 0.60 | 0.36 | 0.44 | 0.12 | 31.55 | 1.49 | (0.01) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 31.70 | 28.59 | 27.47 | 25.86 | 15.88 | 9.33 | 20.02 |
| Revenue growth | +10.9% | +4.1% | +6.2% | +62.9% | +70.2% | -53.4% | - |
| EBITDA | 7.16 | 3.86 | (0.78) | 4.34 | 3.38 | 1.21 | 3.91 |
| EBITDA margin | +22.6% | +13.5% | -2.8% | +16.8% | +21.3% | +13.0% | +19.5% |
| Profit before tax | 3.73 | 57.47 | 197 | 0.98 | 0.56 | (1.64) | 0.76 |
| Net profit | 2.79 | 1.18 | 1.05 | 0.66 | 0.28 | (1.85) | 0.38 |
| Net profit margin | +8.8% | +4.1% | +3.8% | +2.6% | +1.8% | -19.8% | +1.9% |
| EPS (₹) | 1.43 | 30.24 | 140.46 | 0.49 | 0.20 | (1.32) | 0.27 |
| Balance sheet | |||||||
| Total assets | 388 | 366 | 237 | 41.13 | 37.02 | 37.34 | 36.10 |
| Net worth | 374 | 350 | 221 | 24.42 | 23.66 | 23.36 | 25.10 |
| Total debt | 13.42 | 15.11 | 15.14 | 15.45 | 12.10 | 12.70 | 10.89 |
| Cash & bank | 1.83 | 21.97 | 1.12 | 0.31 | 0.61 | 0.64 | 0.57 |
| Net working capital | (0.89) | 18.87 | 0.25 | (3.90) | (3.06) | (1.88) | (2.35) |
| Cash flow | |||||||
| Cash from operations | (30.64) | (55.88) | 24.87 | 2.29 | 1.71 | 0.34 | (1.55) |
| Cash from investing | (5.44) | 5.23 | (21.29) | (3.61) | (0.38) | (1.27) | (2.00) |
| Cash from financing | 15.93 | 28.57 | (2.78) | 1.01 | (1.35) | 1.01 | 3.67 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.77 | 10.01 | 9.27 | 6.31 | 6.11 | 8.67 | 11.03 | 5.96 |
| Revenue growth (YoY) | +10.8% | +15.5% | -16.0% | +5.9% | -35.4% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 50.65 | 0.00 | 0.00 |
| Total expenses | 5.65 | 7.56 | 7.57 | 4.46 | 4.95 | 7.18 | 7.12 | 4.99 |
| EBITDA | 1.12 | 2.45 | 1.70 | 1.85 | 1.16 | 1.49 | 3.91 | 0.97 |
| EBITDA margin | +17.5% | +28.6% | +19.3% | +37.5% | +20.1% | +18.3% | +44.0% | +18.4% |
| Depreciation | 0.46 | 0.59 | 0.41 | 0.41 | 0.48 | 0.48 | 0.45 | 0.45 |
| Interest | 0.33 | 0.34 | 0.43 | 0.38 | 0.39 | 0.32 | 0.47 | 0.42 |
| Profit before tax | 0.33 | 1.52 | 0.86 | 1.06 | 0.29 | 51.34 | 2.99 | 0.10 |
| Tax | 0.07 | 0.23 | 0.13 | 0.21 | 0.07 | 0.05 | 0.80 | 0.11 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.77 | 10.02 | 9.28 | 6.33 | 6.11 | 8.70 | 11.09 | 5.96 |
| Revenue growth (YoY) | +10.8% | +15.2% | -16.3% | +6.2% | -35.8% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 50.65 | 0.00 | 0.00 |
| EBITDA | 1.11 | 2.42 | 1.70 | 1.87 | 1.15 | 1.51 | 3.94 | 0.97 |
| EBITDA margin | +17.3% | +28.2% | +19.3% | +37.9% | +20.0% | +18.6% | +44.4% | +18.4% |
| Depreciation | 0.46 | 0.59 | 0.41 | 0.41 | 0.48 | 0.48 | 0.45 | 0.45 |
| Interest | 0.33 | 0.34 | 0.43 | 0.38 | 0.39 | 0.32 | 0.47 | 0.42 |
| Profit before tax | 0.32 | 1.49 | 0.86 | 1.08 | 0.28 | 51.36 | 3.02 | 0.10 |
| Tax | 0.06 | 0.26 | 0.12 | 0.21 | 0.06 | 0.05 | 0.81 | 0.11 |
| Net profit | 0.26 | 1.23 | 0.74 | 0.87 | 0.22 | 51.31 | 2.21 | (0.01) |
| EPS (₹) | 0.12 | 0.60 | 0.36 | 0.44 | 0.12 | 31.55 | 1.49 | (0.01) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 31.74 | 28.59 | 27.47 | 25.86 |
| Revenue growth | +11.0% | +4.1% | +6.2% | - |
| Other income | 0.00 | 57.27 | 202 | 0.37 |
| Total expenses | 24.61 | 24.78 | 28.28 | 21.52 |
| Employee cost | 0.00 | 6.99 | 5.63 | 4.64 |
| EBITDA | 7.13 | 3.81 | (0.81) | 4.34 |
| EBITDA margin | +22.5% | +13.3% | -3.0% | +16.8% |
| Depreciation | 1.89 | 1.83 | 1.96 | 2.17 |
| Interest | 1.54 | 1.74 | 1.63 | 1.56 |
| Profit before tax | 3.70 | 57.51 | 197 | 0.98 |
| Tax | 0.94 | 1.43 | 0.74 | 0.32 |
| Net profit | 2.76 | 1.17 | 1.02 | 0.66 |
| Net profit margin | +8.7% | +4.1% | +3.7% | +2.6% |
| EPS (₹) | 1.35 | 30.25 | 140.45 | 0.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 28.22 | 26.24 | 21.68 | 21.68 |
| Reserves & surplus | 345 | 324 | 199 | 2.74 |
| Shareholders' funds (net worth) | 374 | 350 | 221 | 24.42 |
| Minority interest | 0.03 | 0.03 | 0.03 | 0.00 |
| Secured loans | 7.06 | 6.60 | 5.94 | 4.78 |
| Unsecured loans | 354 | 295 | 227 | 10.67 |
| Total debt | 361 | 301 | 233 | 15.45 |
| Total liabilities | 787 | 703 | 455 | 41.13 |
| Assets | ||||
| Gross block | 42.98 | 42.12 | 38.83 | 41.80 |
| Net block | 17.83 | 18.86 | 17.40 | 22.33 |
| Capital work in progress | 359 | 331 | 222 | 3.63 |
| Investments | 18.58 | 13.18 | 24.23 | 1.41 |
| Inventories | 0.14 | 0.15 | 0.18 | 0.13 |
| Sundry debtors | 1.56 | 1.53 | 1.24 | 0.75 |
| Cash & bank balances | 23.29 | 30.24 | 2.13 | 0.31 |
| Loans & advances | 0.47 | 0.96 | 2.68 | 0.45 |
| Total current assets | 25.46 | 32.88 | 6.23 | 1.64 |
| Total current liabilities | 5.25 | 6.29 | 5.14 | 5.54 |
| Net working capital | 20.21 | 26.59 | 1.09 | (3.90) |
| Total assets | 787 | 703 | 455 | 41.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 30.24 | 2.13 | 0.31 | 0.61 |
| Net cash from operating activities | (33.14) | (61.27) | 25.03 | 2.29 |
| Net cash from investing activities | (51.64) | (101) | (238) | (3.61) |
| Net cash from financing activities | 77.83 | 190 | 215 | 1.01 |
| Net change in cash | (6.95) | 28.11 | 1.82 | (0.30) |
| Closing cash | 23.29 | 30.24 | 2.13 | 0.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +11.0% | +4.1% | +6.2% | - |
| EBITDA growth | +87.1% | +570.4% | -118.7% | - |
| PBT growth | -93.6% | -70.8% | - | +9997.0% |
| Net income growth | +135.9% | +14.7% | +54.6% | - |
| Revenue CAGR (3Y) | +7.1% | - | - | - |
| EBITDA CAGR (3Y) | +18.0% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +8.7% | +196.2% | +714.9% | +2.6% |
| Return on capital employed | - | +0.5% | +1.1% | +6.2% |
| Return on net worth | - | +0.4% | +0.9% | +4.1% |
| Debt / equity | - | 1.02 | 1.01 | 0.63 |
| Long-term debt / equity | - | 0.91 | 0.97 | 0.43 |
| Interest cover | 29.39 | 87.88 | -58.84 | 71.89 |
| Efficiency & per share | ||||
| Fixed asset turnover | - | 0.71 | 0.68 | 0.62 |
| Inventory turnover | - | 173.27 | 177.23 | 198.92 |
| Debtors turnover | - | 20.64 | 27.61 | 34.48 |
| EPS (₹) | 1.35 | 30.25 | 140.45 | 0.49 |
| Dividend per share (₹) | 0.15 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 184.67 | 152.40 | 11.96 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.77 | 10.01 | 9.27 | 6.31 | 6.11 | 8.67 | 11.03 | 5.96 |
| Revenue growth (YoY) | +10.8% | +15.5% | -16.0% | +5.9% | -35.4% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 50.65 | 0.00 | 0.00 |
| Total expenses | 5.65 | 7.56 | 7.57 | 4.46 | 4.95 | 7.18 | 7.12 | 4.99 |
| EBITDA | 1.12 | 2.45 | 1.70 | 1.85 | 1.16 | 1.49 | 3.91 | 0.97 |
| EBITDA margin | +17.5% | +28.6% | +19.3% | +37.5% | +20.1% | +18.3% | +44.0% | +18.4% |
| Depreciation | 0.46 | 0.59 | 0.41 | 0.41 | 0.48 | 0.48 | 0.45 | 0.45 |
| Interest | 0.33 | 0.34 | 0.43 | 0.38 | 0.39 | 0.32 | 0.47 | 0.42 |
| Profit before tax | 0.33 | 1.52 | 0.86 | 1.06 | 0.29 | 51.34 | 2.99 | 0.10 |
| Tax | 0.07 | 0.23 | 0.13 | 0.21 | 0.07 | 0.05 | 0.80 | 0.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 31.70 | 28.59 | 27.47 | 25.86 | 15.88 | 9.33 | 20.02 |
| Revenue growth | +10.9% | +4.1% | +6.2% | +62.9% | +70.2% | -53.4% | - |
| Other income | 0.00 | 57.18 | 202 | 0.37 | 0.20 | 0.46 | 0.43 |
| Total expenses | 24.54 | 24.73 | 28.25 | 21.52 | 12.50 | 8.12 | 16.11 |
| Employee cost | 0.00 | 6.99 | 5.63 | 4.64 | 2.99 | 1.80 | 3.59 |
| EBITDA | 7.16 | 3.86 | (0.78) | 4.34 | 3.38 | 1.21 | 3.91 |
| EBITDA margin | +22.6% | +13.5% | -2.8% | +16.8% | +21.3% | +13.0% | +19.5% |
| Depreciation | 1.89 | 1.83 | 1.96 | 2.17 | 2.25 | 2.49 | 2.51 |
| Interest | 1.54 | 1.74 | 1.63 | 1.56 | 0.77 | 0.82 | 1.07 |
| Profit before tax | 3.73 | 57.47 | 197 | 0.98 | 0.56 | (1.64) | 0.76 |
| Tax | 0.94 | 1.42 | 0.74 | 0.32 | 0.28 | 0.21 | 0.38 |
| Net profit | 2.79 | 1.18 | 1.05 | 0.66 | 0.28 | (1.85) | 0.38 |
| Net profit margin | +8.8% | +4.1% | +3.8% | +2.6% | +1.8% | -19.8% | +1.9% |
| EPS (₹) | 1.43 | 30.24 | 140.46 | 0.49 | 0.20 | (1.32) | 0.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 28.22 | 26.24 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 |
| Reserves & surplus | 346 | 324 | 199 | 2.74 | 1.98 | 1.68 | 3.42 |
| Shareholders' funds (net worth) | 374 | 350 | 221 | 24.42 | 23.66 | 23.36 | 25.10 |
| Secured loans | 7.22 | 6.79 | 6.22 | 4.81 | 3.54 | 3.04 | 4.81 |
| Unsecured loans | 6.20 | 8.32 | 8.92 | 10.64 | 8.56 | 9.66 | 6.08 |
| Total debt | 13.42 | 15.11 | 15.14 | 15.45 | 12.10 | 12.70 | 10.89 |
| Total liabilities | 388 | 366 | 237 | 41.13 | 37.02 | 37.34 | 36.10 |
| Assets | |||||||
| Gross block | 42.98 | 42.12 | 38.83 | 41.80 | 38.70 | 39.25 | 38.01 |
| Net block | 17.83 | 18.86 | 17.40 | 22.33 | 21.39 | 24.20 | 25.45 |
| Capital work in progress | 7.73 | 7.39 | 4.09 | 3.63 | 3.55 | 2.62 | 1.44 |
| Investments | 19.55 | 14.15 | 25.20 | 1.41 | 0.97 | 0.97 | 0.97 |
| Inventories | 0.14 | 0.15 | 0.18 | 0.13 | 0.11 | 0.11 | 0.13 |
| Sundry debtors | 1.56 | 1.53 | 1.24 | 0.75 | 0.01 | 0.83 | 2.00 |
| Cash & bank balances | 1.83 | 21.97 | 1.12 | 0.31 | 0.61 | 0.64 | 0.57 |
| Loans & advances | 0.43 | 0.91 | 2.68 | 0.45 | 0.21 | 0.24 | 0.14 |
| Total current assets | 3.96 | 24.56 | 5.22 | 1.64 | 0.94 | 1.82 | 2.84 |
| Total current liabilities | 4.85 | 5.69 | 4.97 | 5.54 | 4.00 | 3.70 | 5.19 |
| Net working capital | (0.89) | 18.87 | 0.25 | (3.90) | (3.06) | (1.88) | (2.35) |
| Total assets | 388 | 366 | 237 | 41.13 | 37.02 | 37.34 | 36.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 21.97 | 0.11 | 0.31 | 0.61 | 0.64 | 0.57 | 0.46 |
| Net cash from operating activities | (30.64) | (55.88) | 24.87 | 2.29 | 1.71 | 0.34 | (1.55) |
| Net cash from investing activities | (5.44) | 5.23 | (21.29) | (3.61) | (0.38) | (1.27) | (2.00) |
| Net cash from financing activities | 15.93 | 28.57 | (2.78) | 1.01 | (1.35) | 1.01 | 3.67 |
| Net change in cash | (20.14) | (22.08) | 0.81 | (0.30) | (0.03) | 0.07 | 0.11 |
| Closing cash | 1.83 | 21.97 | 1.12 | 0.31 | 0.61 | 0.64 | 0.57 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.9% | +4.1% | +6.2% | +62.9% | +70.2% | -53.4% | - |
| EBITDA growth | +85.5% | +594.9% | -118.0% | +28.4% | +179.3% | -69.1% | - |
| PBT growth | -93.5% | -70.9% | - | +75.0% | +9998.0% | - | -33.9% |
| Net income growth | +136.4% | +12.4% | +59.1% | +135.7% | +115.1% | -586.8% | - |
| Revenue CAGR (3Y) | +7.0% | +21.7% | +43.3% | +8.9% | -7.5% | -19.4% | +11.3% |
| EBITDA CAGR (3Y) | +18.2% | +4.5% | - | +3.5% | -3.6% | -28.1% | +10.9% |
| Profitability & leverage | |||||||
| Net income margin | +8.8% | +196.1% | +715.0% | +2.6% | +1.8% | -19.8% | +1.9% |
| Return on capital employed | - | +1.0% | +1.9% | +6.5% | +3.6% | -2.2% | +5.5% |
| Return on net worth | - | +0.4% | +0.9% | +4.2% | +1.8% | -11.2% | +2.2% |
| Debt / equity | - | 0.05 | 0.12 | 0.57 | 0.53 | 0.49 | 0.34 |
| Long-term debt / equity | - | 0.03 | 0.08 | 0.39 | 0.36 | 0.36 | 0.28 |
| Interest cover | 29.22 | 85.71 | -59.49 | 71.89 | 68.14 | -64.06 | 76.43 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.71 | 0.68 | 0.64 | 0.41 | 0.24 | 0.53 |
| Inventory turnover | - | 173.27 | 177.23 | 215.50 | 144.36 | 77.75 | 182.00 |
| Debtors turnover | - | 20.64 | 27.61 | 68.05 | 37.81 | 6.59 | 10.06 |
| EPS (₹) | 1.43 | 30.24 | 140.46 | 0.49 | 0.20 | (1.32) | 0.27 |
| Dividend per share (₹) | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 184.67 | 152.42 | 11.96 | 11.41 | 11.20 | 12.44 |
To see the full year-wise statements and ratios of HBG Hotels Limited, buy the company report.
Board of directors of HBG Hotels Limited
HBG Hotels has 7 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paul David Talbot Willcox | Director | 15 Sep 1993 | 33 Years 1 Months | Current |
| Shibanee Harlalka | Director | 09 Feb 2016 | 10 Years 8 Months | Current |
| Kiran Narayan Talcherkar | Director | 12 Feb 2018 | 8 Years 8 Months | Current |
| Dev Kirit Toprani Also directs: Querencia Advisors LLP | Director | 06 Sep 2018 | 8 Years 1 Months | Current |
| Samit Prafulla Hede Also directs: Green First Estates Private Limited, Hede Consultancy Company Private Limited, Rama Capfin Private Limited and 5 more | Managing Director | 01 Apr 2012 | 14 Years 6 Months | Current |
| Arun Pandurang Pawar | Alternate Director | 14 Aug 2017 | 9 Years 2 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
HBG Hotels Limited is compared with the 9 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indra Hotels (Mysore) Private Limited | ₹35.51 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India | |||
| Malwa Hospitality Private Limited | ₹35.49 Cr (FY 2025) | 7.0% | Indore, Madhya Pradesh, India | |||
| Aria Brew & Dine Private Limited | ₹35.44 Cr (FY 2019) | 56.0% | Bangalore, Karnataka, India | |||
| Prasad Heritage Projects Private Limited | ₹35.29 Cr (FY 2024) | -1.0% | Uttar Pradesh, India | |||
| Ashtvinayak Leisure Private Limited | ₹35.19 Cr (FY 2025) | 7.0% | Indore, Madhya Pradesh, India | |||
| J S K Hotels Private Limited | ₹35.14 Cr (FY 2024) | 6.0% | Jaipur, Rajasthan, India | |||
| Ksheer Sagar Developers Pvt Ltd | ₹35.1 Cr (FY 2025) | 9.0% | Jaipur, Rajasthan, India | |||
| Maharashtra Tourism Development Corporation Limited | ₹35.09 Cr (FY 2018) | -1.0% | Mumbai, Maharashtra, India | |||
| Lavlaxmi Land Developers Private Limited Tfr.From Maharashtra to Delhi | ₹35.08 Cr (FY 2024) | 8.0% | Varanasi, Uttar Pradesh, India | |||
| HBG Hotels Limitedthis company | ₹31.74 Cr (FY 2026) | ₹2.76 Cr | 8.7% | 11.0% | 131 | Goa, India |
To see the full peer comparison of HBG Hotels Limited, buy the company report.
Auditor
HBG Hotels Limited is audited by Chaturvedi Sohan & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaturvedi Sohan & Co. | FY 2022 | 118424W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 69.80%, foreign institutional investors hold 1.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 29.20%.
Sep 2026
QUARTER
69.80% Promoters
1.00% FII (Foreign Institutional)
29.20% Retail & Others
Promoter holding - history
Now 69.80% · Sep 2026High 71.80% · Dec 2025Low 69.80% · Mar 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 69.80% | 69.80% | 69.80% | 71.80% |
| Public | 30.20% | 30.20% | 30.20% | 28.20% |
Charges & borrowings
Open charges
₹326.62 Cr
Satisfied charges
₹47.37 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jun 2024 | 100930704 | Others | ₹295 Cr | Open | |
| 24 Apr 2024 | 100915233 | Others | ₹8 Cr | Open | |
| 24 Apr 2024 | 100915234 | Others | ₹13.21 Cr | Open | |
| 02 Nov 2023 | 100812402 | Others | ₹10.56 Lakh | Open | |
| 27 Oct 2023 | 100812405 | Others | ₹15.76 Lakh | Open |
To see the full charge records of HBG Hotels Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
HBG Hotels Limited has 5 deals on record (5 market trades); the latest was in August 2026.
Total deals
5
Market trades
5
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹1.24 Cr | Buyer: Mukesh Babu Securities Ltd Seller: Black Hawk Properties Private Limited |
| Jul 2025 | Market trade | ₹2.31 Cr | Buyer: Al Maha Investment Fund Pcc - Onyx Strategy Seller: an individual |
| Jul 2023 | Market trade | ₹52.9 Lakh | Seller: an individual |
| Jun 2023 | Market trade | ₹85.5 Lakh | Buyer: an individual |
| Apr 2015 | Market trade | ₹11.6 Lakh | Seller: Hede Navigation Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
HBG Hotels Limited has 19 court cases on record: 13 filed by HBG Hotels, 6 filed against it. 3 cases are pending and 16 are disposed.
Total cases
19
Filed by the company
13
Filed against the company
6
Pending
3
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 1 | 1 |
| District courts | 9 | 5 | 2 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against M/S. Lahoti Terra Knitfab Ltd. and 4 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against M/S. Lahoti Terra Knitfab Ltd. and 4 others | Disposed |
| District court, North Goa, Goa | Court case (SCS) | Filed by the company against Ms Haven Developers Pvt. Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against State of Goa THR the Chief Secretary and 2 Ors | Pending |
| District court, North Goa, Goa | Court case (SCS) | Filed by the company against an individual | Pending |
To see the full case history of HBG Hotels Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for HBG Hotels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
HBG Hotels Limited has a workforce of 131 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
131
Active EPFO establishments
1
Employee growth
6.5%
GST
HBG Hotels has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AABCP1502G1ZA | Goa | Active | 01 Jul 2017 |
| 32AABCP1502G1Z6 | Kerala | Active | 26 Aug 2019 |
To see the full GST registrations and return filing status of HBG Hotels Limited, buy the company report.
Recent activity
HBG Hotels Limited has 26 board changes on record since 1993: 17 appointments and 9 cessations. The latest: Prachi Jain was appointed as Company Secretary on 19 Aug 2025.
Filing
Hbg Hotels Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Goa.
Charges
A charge with Others of Rs. 295.00 Cr registered on 04 Jun 2024 with Charge ID 100930704 was modified on 25 Mar 2026.
Charges
A charge with Others of Rs. 13.21 Cr registered on 24 Apr 2024 with Charge ID 100915234 was modified on 15 Nov 2025.
AGM
Hbg Hotels Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Prachi Jain was appointed as Company Secretary.
Charges
A charge with Hdfc Bank Limited of Rs. 0.02 Cr registered on 20 Mar 2017 with Charge ID 100096628 was modified on 04 Apr 2025.
Charges
A charge with Others of Rs. 8.00 Cr registered on 24 Apr 2024 with Charge ID 100915233 was modified on 23 Oct 2024.
Ceased
Surendra Ambalal Dave ceased to be Director.
Appointed
Anita Rahul Shantaram was appointed as Director.
Charges
A charge with Others amounted to Rs. 295.00 Cr with Charge ID 100930704 was registered on 04 Jun 2024.
Charges
A charge registered on 31 Oct 2023 via Charge ID 100841851 with Others was fully satisfied on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 8.00 Cr with Charge ID 100915233 was registered on 24 Apr 2024.
62 earlier events are in the company report.
News
Frequently asked questions
HBG Hotels is an active public limited company based in Goa, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 10 February 1993 (33+ years old) and is registered under CIN L67190GA1993PLC001327. Listed on BSE: 537839.
HBG Hotels reported revenue of ₹31.74 Cr for FY 2025-26 (up 11% YoY) based on consolidated financials.
HBG Hotels has 7 current directors:
- Samit Prafulla Hede - Managing Director
- Paul David Talbot Willcox - Director
- Shibanee Harlalka - Director
- Kiran Narayan Talcherkar - Director
- Dev Kirit Toprani - Director
- Arun Pandurang Pawar - Alternate Director
- Anita Rahul Shantaram - Director
The latest financial statements of HBG Hotels on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of HBG Hotels is 30AABCP1502G1ZA, registered in Goa. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AABCP1502G1Z6 (Kerala).
The CIN (Corporate Identification Number) of HBG Hotels is L67190GA1993PLC001327. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. HBG Hotels is a listed company as per MCA records. Its shares are listed on BSE (code: 537839).
HBG Hotels has 19 court cases on record: 13 filed by the company and 6 filed against it. 3 are pending. Most are in the high courts.
HBG Hotels was incorporated on 10 February 1993, making it 33+ years old. It is registered with the Registrar of Companies, Goa.
HBG Hotels has 5 deals on record (5 market trades); the latest was in August 2026.
The peers of HBG Hotels by revenue are Indra Hotels (Mysore) Private Limited, Malwa Hospitality Private Limited, Aria Brew & Dine Private Limited, Prasad Heritage Projects Private Limited, Ashtvinayak Leisure Private Limited and 4 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.).