WEBSITE BSE:508664 NSE: BEST E.HOTEL Inc. Year: 1943 Industry: Hotel, Resort & Restaurants My Bucket: Add Stock
Last updated: 11:12
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1. Business Overview
Best Eastern Hotels Ltd. is an Indian company primarily engaged in the hospitality sector. Its core business involves the ownership, development, and operation of hotels, resorts, and restaurants. The company's business model revolves around providing accommodation services to leisure and business travelers, as well as offering a range of food and beverage options through its restaurants, bars, and in-room dining. Revenue is primarily generated through room tariffs, food and beverage sales, and potentially from events, conferences, and banqueting services hosted at its properties.
2. Key Segments / Revenue Mix
While specific revenue contribution figures are not available, typical key segments for a hotel company like Best Eastern Hotels Ltd. include:
Accommodation: Revenue from room rentals and related services.
Food & Beverage (F&B): Revenue from restaurants, bars, banqueting, room service, and catering.
Other Services: Potentially includes revenue from spa, recreation, laundry, and event hosting facilities.
Without specific data, the exact revenue mix cannot be determined, but accommodation and F&B generally form the largest components for hotel operators.
3. Industry & Positioning
The Indian hotel, resort, and restaurants industry is highly competitive, characterized by the presence of large international hotel chains, established domestic players, and numerous independent properties. It is a cyclical industry, heavily influenced by economic conditions, tourism trends (domestic and international), and corporate travel. Best Eastern Hotels Ltd. likely competes within this landscape, potentially focusing on specific market segments (e.g., business, leisure, luxury, mid-market) or geographical regions within India. Without information on its scale or specific brands, its positioning relative to major players (like Taj, Oberoi, ITC, or international chains such as Marriott, Hilton) is difficult to ascertain, but it would be one among many operators in a fragmented market.
4. Competitive Advantage (Moat)
Without specific details about Best Eastern Hotels Ltd., it's challenging to identify a strong, durable competitive advantage. Potential moats in the hotel industry include:
Brand Reputation: A strong, recognized brand can drive loyalty and command premium pricing.
Prime Locations: Owning or operating properties in highly desirable or strategic locations.
Scale & Network Effects: Large chains benefit from cost efficiencies, centralized marketing, and extensive loyalty programs.
Customer Loyalty: Effective loyalty programs can increase repeat business.
For Best Eastern Hotels Ltd., a moat would likely stem from its specific asset locations, strong regional brand recognition, or effective operational management, but evidence for these specific advantages is unavailable.
5. Growth Drivers
Key factors that can drive growth for Best Eastern Hotels Ltd. over the next 3-5 years include:
Growing Domestic Tourism: Increasing disposable incomes and a rising propensity for travel among the Indian middle class.
Inbound International Tourism: Recovery and growth in international tourist arrivals.
Business Travel: Resurgence in corporate travel, meetings, incentives, conferences, and exhibitions (MICE) post-pandemic.
Infrastructure Development: Government initiatives in airports, roads, and tourism circuits can improve accessibility and demand.
Expansion: Strategic expansion into new geographies or asset classes (e.g., new hotels, resorts, or budget properties) to capture market share.
6. Risks
Key risks for Best Eastern Hotels Ltd. include:
Economic Downturns: Recessions or periods of low economic growth can significantly reduce both leisure and business travel.
Pandemics/Health Crises: Events like COVID-19 can severely impact demand, leading to occupancy drops and revenue losses.
Intense Competition: The crowded nature of the Indian hospitality market can lead to price wars and pressure on margins.
High Fixed Costs: Hotels have significant fixed costs (real estate, maintenance, staffing) regardless of occupancy, making them vulnerable to demand fluctuations.
Regulatory Changes: Changes in taxation (e.g., GST rates), licensing, and environmental regulations can impact operational costs and profitability.
Geopolitical Events: Regional instability or security concerns can deter travel.
7. Management & Ownership
Specific information regarding the promoters, management quality, or detailed ownership structure of Best Eastern Hotels Ltd. is not publicly available in this context. In India, many companies, especially those not among the very largest, often have significant promoter (founding family or group) ownership and influence over management decisions. Assessing the quality of management would require examining their track record, strategic decisions, and corporate governance practices, which cannot be done with the limited information provided.
8. Outlook
The Indian hospitality sector presents a compelling long-term growth story driven by favorable demographic trends, rising incomes, and government support for tourism infrastructure. Best Eastern Hotels Ltd., operating in this environment, could benefit from these macro tailwinds. However, the sector is also highly susceptible to economic cycles, unforeseen global events (like pandemics), and intense competition from both established domestic players and international chains. The company's future performance will heavily depend on its ability to strategically locate and manage its properties, differentiate its offerings, effectively control costs, and adapt to evolving consumer preferences in a dynamic market. Specific operational strengths or weaknesses, which would significantly influence its trajectory, are not discernible from the provided data.
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Market Cap ₹19 Cr.
Stock P/E 1881.3
P/B 8.6
Current Price ₹11.5
Book Value ₹ 1.3
Face Value 1
52W High ₹18.5
Dividend Yield 0%
52W Low ₹ 8.6
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 1 |
| Other Income | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 1 |
| Total Expenditure | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 1 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 |
| Provision for Tax | -0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 |
| Profit After Tax | 0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | -0 |
| Profit After Adjustments | 0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 |
| Adjusted Earnings Per Share | 0 | 0.1 | -0.1 | 0.1 | 0 | -0.1 | -0 | 0.1 | -0.1 | -0 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 5 | 5 | 5 | 5 | 5 | 4 | 2 | 4 | 6 | 6 | 6 | 5 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 5 | 5 | 5 | 5 | 5 | 4 | 2 | 4 | 6 | 6 | 6 | 5 |
| Total Expenditure | 4 | 4 | 4 | 4 | 4 | 4 | 2 | 4 | 5 | 5 | 6 | 5 |
| Operating Profit | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 0 | 0 | 0 | 0 | -0 | -1 | -0 | 0 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | -0 | -1 | -0 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | -1 | -0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | -0.2 | -0.3 | -0.1 | 0 | 0.1 | 0 | 0 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 14% | 8% | 2% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -19% | -36% | -12% | -13% |
| ROE Average | 0% | 9% | -0% | 3% |
| ROCE Average | 5% | 10% | 4% | 5% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 4 | 4 | 3 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 2 | 2 | 1 | 1 | 0 | 1 | 1 | 2 | 1 | 1 | 1 |
| Other Non-Current Liabilities | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 1 | 2 | 2 | 2 |
| Total Liabilities | 9 | 9 | 9 | 8 | 7 | 7 | 6 | 6 | 6 | 6 | 5 |
| Fixed Assets | 8 | 8 | 8 | 7 | 7 | 6 | 6 | 5 | 5 | 5 | 5 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 9 | 9 | 9 | 8 | 7 | 7 | 6 | 6 | 6 | 6 | 5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 1 | 2 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 1 |
| Cash Flow from Investing Activities | -2 | -1 | -0 | -0 | -0 | -0 | -0 | -0 | -1 | -0 | -0 |
| Cash Flow from Financing Activities | 0 | -1 | -0 | -1 | -1 | -0 | -0 | -1 | 0 | -0 | -1 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.14 | 0.15 | 0.09 | 0.15 | 0.17 | -0.21 | -0.34 | -0.13 | 0.01 | 0.08 | 0.01 |
| CEPS(Rs) | 0.59 | 0.58 | 0.51 | 0.56 | 0.58 | 0.21 | 0.05 | 0.25 | 0.64 | 0.47 | 0.29 |
| DPS(Rs) | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 1.76 | 1.91 | 2 | 2.15 | 2.11 | 1.9 | 1.56 | 1.44 | 1.29 | 1.37 | 1.37 |
| Core EBITDA Margin(%) | 27.28 | 26.48 | 22.63 | 22.81 | 23.77 | 10.51 | 8.56 | 11.4 | 21.17 | 17.2 | 9.12 |
| EBIT Margin(%) | 15.16 | 13.62 | 11.16 | 9.42 | 10.83 | -5.75 | -19.27 | -3.85 | 11.22 | 7.85 | 3.6 |
| Pre Tax Margin(%) | 10.42 | 7.37 | 4.69 | 4.07 | 7.52 | -9.27 | -26.66 | -7.12 | 7.87 | 3.61 | 0.05 |
| PAT Margin (%) | 7.85 | 5.04 | 3.11 | 5.29 | 5.4 | -8.18 | -24.47 | -5.11 | 7.69 | 2.29 | 0.16 |
| Cash Profit Margin (%) | 20.65 | 19.14 | 18 | 19.81 | 18.78 | 8.19 | 3.47 | 10.29 | 17.87 | 12.98 | 7.77 |
| ROA(%) | 4.4 | 2.79 | 1.66 | 2.99 | 3.57 | -4.96 | -8.94 | -3.65 | 8.15 | 2.42 | 0.18 |
| ROE(%) | 12.59 | 8.3 | 4.51 | 7.25 | 7.79 | -10.39 | -19.64 | -8.39 | 20.21 | 6.25 | 0.45 |
| ROCE(%) | 11.06 | 9.48 | 7.27 | 6.4 | 8.53 | -4.16 | -8.32 | -3.29 | 15.04 | 10.49 | 4.94 |
| Receivable days | 5.99 | 4.35 | 6.56 | 11.54 | 6.72 | 0.99 | 0.94 | 1.08 | 0.66 | 2.26 | 0 |
| Inventory Days | 10 | 8.67 | 8.56 | 9.23 | 8.86 | 11.18 | 15.09 | 6.07 | 8.37 | 10.79 | 9.1 |
| Payable days | 90.29 | 122.48 | 109.98 | 96.5 | 62.25 | 68.12 | 120.78 | 50.25 | 47.58 | 37.56 | 13.99 |
| PER(x) | 161.11 | 265.42 | 823.61 | 458.92 | 135.87 | 0 | 0 | 0 | 5100 | 188.85 | 2042.62 |
| Price/Book(x) | 12.85 | 21.14 | 36.29 | 32.1 | 10.69 | 3.38 | 11.85 | 18.12 | 29.55 | 11.46 | 9.1 |
| Dividend Yield(%) | 0.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 8.66 | 14.19 | 26.38 | 24.94 | 7.81 | 3.07 | 14.34 | 11.05 | 11.03 | 4.71 | 3.69 |
| EV/Core EBITDA(x) | 30.99 | 51.17 | 101.26 | 104.21 | 32.28 | 28.92 | 165.44 | 95.7 | 51.57 | 25.39 | 32.9 |
| Net Sales Growth(%) | 4.57 | 5.04 | -6.32 | 0.32 | 8.27 | -17.1 | -45.49 | 77.1 | 45.72 | 1.6 | 1.73 |
| EBIT Growth(%) | -8.88 | -5.59 | -23.24 | -15.34 | 24.49 | -144.02 | -82.69 | 64.61 | 524.42 | -28.9 | -53.29 |
| PAT Growth(%) | -2.7 | -32.57 | -42.13 | 70.68 | 10.38 | -225.57 | -63.12 | 63.01 | 319.3 | -69.77 | -92.67 |
| EPS Growth(%) | -4.31 | 8.5 | -42.13 | 70.68 | 10.38 | -225.57 | -63.1 | 62.99 | 105.96 | 1012 | -92.69 |
| Debt/Equity(x) | 0.7 | 0.7 | 1.11 | 0.93 | 0.74 | 0.78 | 0.96 | 0.88 | 1.05 | 1.04 | 0.91 |
| Current Ratio(x) | 0.49 | 0.36 | 0.25 | 0.29 | 0.15 | 0.19 | 0.19 | 0.25 | 0.25 | 0.21 | 0.19 |
| Quick Ratio(x) | 0.41 | 0.31 | 0.21 | 0.25 | 0.11 | 0.12 | 0.15 | 0.18 | 0.15 | 0.12 | 0.1 |
| Interest Cover(x) | 3.2 | 2.18 | 1.72 | 1.76 | 3.27 | -1.64 | -2.61 | -1.18 | 3.35 | 1.85 | 1.02 |
| Total Debt/Mcap(x) | 0.08 | 0.05 | 0.03 | 0.03 | 0.07 | 0.23 | 0.08 | 0.05 | 0.04 | 0.09 | 0.1 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Public | 24.98 | 24.98 | 24.98 | 24.98 | 24.98 | 24.98 | 24.98 | 24.98 | 24.98 | 24.98 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 |
* The pros and cons are machine generated.
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