Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹2163 Cr.
Stock P/E
33.5
P/B
2.2
Current Price
₹56.9
Book Value
₹ 25.4
Face Value
10
52W High
₹87.7
52W Low
₹ 54.4
Dividend Yield
0%

Brigade Hotel Ven. Overview

Business

Brigade Hotel Ventures Ltd. (BRIGHOTEL) is a company primarily engaged in the hospitality sector in India. As a subsidiary or venture of the well-known Brigade Group, a prominent real estate developer, the company's core business model likely involves the development, ownership, and operation or management of hotels and resorts. It generates revenue primarily through room tariffs from accommodation services, sales from food and beverage operations (restaurants, bars, banqueting), and ancillary services such as spas, conferencing, and event management. The company typically partners with leading international hotel brands (e.g., Marriott, Hilton, Accor) to operate properties under franchise or management contracts, while also potentially developing its own hospitality brands.

Revenue Mix

Specific revenue mix details are not provided. However, based on the industry, the primary revenue streams for Brigade Hotel Ventures would typically be:

Accommodation (Room Revenue): This constitutes the largest portion, derived from daily room rentals.

Food & Beverage (F&B): Revenue from restaurants, bars, in-room dining, and banqueting services for events and conferences.

Other Services: Income from spas, business centers, laundries, and rental of retail spaces within the hotel premises.

Given its likely association with a real estate developer, the company may also generate revenue through lease agreements or management fees for properties it develops.

Industry

The Indian hotel industry is highly competitive and dynamic, characterized by a mix of established domestic chains (e.g., Taj, Oberoi, ITC Hotels) and major international brands (e.g., Marriott, Hilton, IHG) operating through management contracts, franchises, or direct ownership. The industry caters to diverse segments, including luxury, upscale, mid-market, and budget, across business and leisure travel.

Brigade Hotel Ventures, as part of the Brigade Group, likely benefits from its parent company's expertise in real estate development, land acquisition, and project execution. This allows it to strategically develop hotels in prime locations, often as part of larger mixed-use developments (e.g., integrated townships, commercial hubs). Its positioning is likely across the upscale and luxury segments, leveraging partnerships with strong international brands, which helps in market penetration and brand recognition against pure-play hotel operators.

MOAT

Parent Group Synergy: Leveraging the Brigade Group's strong brand reputation, land bank, and extensive experience in real estate development provides a significant advantage in identifying, developing, and executing hotel projects in prime locations.

Strategic Locations: Often able to develop hotels as part of larger integrated projects, ensuring strong footfall and demand from co-located residential or commercial entities.

Brand Partnerships: Collaborations with global hospitality brands provide access to established distribution networks, loyalty programs, and operational expertise, enhancing guest acquisition and brand trust.

Asset Quality: Focus on developing high-quality, modern hotel assets often results in better average room rates (ARRs) and operational efficiency over the long term.

Growth Drivers

Economic Growth & Urbanization: India's sustained economic growth, rising disposable incomes, and continued urbanization drive increased business and leisure travel.

Tourism Expansion: Growth in both domestic and inbound international tourism, supported by government initiatives and improved infrastructure.

MICE Segment: Recovery and growth in the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector post-pandemic.

Strategic Expansion: Leveraging the Brigade Group's development pipeline to add new hotel properties in emerging micro-markets or new geographies.

Brand Diversification: Potential to expand into different hotel segments (e.g., premium economy, extended stay) or new brand partnerships to capture a wider market.

Risks

Economic Cyclicality: The hospitality industry is highly sensitive to economic downturns, which can reduce travel demand, corporate spending, and consumer confidence.

Intense Competition: High competition from both domestic and international players can lead to pricing pressures and impact occupancy rates and profitability.

High Fixed Costs: Hotels typically have high fixed costs (property taxes, staff salaries, maintenance), making them vulnerable during periods of low occupancy.

Regulatory & Policy Changes: Changes in government regulations, taxation (e.g., GST on hotel services), and licensing policies can impact operational costs and business viability.

Geopolitical Events & Pandemics: Unforeseen events like pandemics, political instability, or natural disasters can severely disrupt travel and tourism.

Real Estate Market Fluctuations: As a developer-owner, the company is exposed to risks associated with land acquisition costs and construction delays.

Management & Ownership

Brigade Hotel Ventures Ltd. is associated with the Brigade Group, a publicly listed real estate developer (Brigade Enterprises Ltd.). The promoter group, led by M.R. Jaishankar, has a long-standing reputation and extensive experience in real estate development and related sectors. Management quality is generally considered strong, given the group's successful track record in large-scale projects. Ownership is likely concentrated within the Brigade Group and its promoters, possibly with minority stakes held by institutional investors or strategic partners, depending on the specific venture structure. The company benefits from the group's established corporate governance frameworks.

Outlook

Brigade Hotel Ventures is well-positioned to capitalize on the secular growth trend in India's hospitality sector, driven by increasing domestic travel, economic expansion, and the recovery of international tourism and corporate travel. Its strategic advantage lies in its strong parentage, enabling access to prime development locations and benefiting from integrated project synergies. Partnerships with global hotel brands further enhance its market reach and operational standards.

However, the company operates in a highly competitive and capital-intensive industry susceptible to economic fluctuations, geopolitical risks, and pricing pressures. Sustained profitability will depend on its ability to maintain high occupancy rates, optimize operational costs, and effectively manage its debt burden, particularly given the cyclical nature of hotel real estate development and operations. The balance between aggressive expansion and maintaining healthy financial metrics will be crucial for its long-term success.

Brigade Hotel Ven. Share Price

Live · BSE / NSE · Inception: 2016
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Brigade Hotel Ven. Quarterly Results

#(Fig in Cr.) Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 102 108 124 134 124 126 139 136 127
Other Income 0 0 1 1 1 4 4 9 4
Total Income 102 108 125 135 125 130 143 146 131
Total Expenditure 69 71 81 84 83 89 91 88 85
Operating Profit 34 38 44 51 42 41 51 58 45
Interest 18 18 17 19 19 14 9 10 9
Depreciation 10 11 14 14 13 14 13 14 14
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 9 13 18 10 14 29 34 23
Provision for Tax 11 2 3 5 2 4 7 9 6
Profit After Tax -6 7 10 13 7 11 22 25 17
Adjustments 1 -1 -1 -2 -1 -2 -2 -2 -1
Profit After Adjustments -5 5 8 11 6 9 20 23 16
Adjusted Earnings Per Share -0.2 0.2 0.3 0.4 0.2 0.2 0.5 0.6 0.4

Brigade Hotel Ven. Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 146 350 402 468 525 528
Other Income 5 6 3 2 18 21
Total Income 152 356 405 471 543 550
Total Expenditure 136 253 260 304 351 353
Operating Profit 16 103 145 167 192 195
Interest 62 69 69 73 52 42
Depreciation 58 49 44 50 54 55
Exceptional Income / Expenses -11 11 0 0 0 0
Profit Before Tax -115 -5 32 45 86 100
Provision for Tax -32 -1 1 21 22 26
Profit After Tax -83 -3 31 24 65 75
Adjustments 6 -1 -6 -3 -6 -7
Profit After Adjustments -77 -4 25 20 58 68
Adjusted Earnings Per Share -765 -38.4 248.7 0.7 1.5 1.7

Brigade Hotel Ven. Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 40 42 67 87 959
Minority's Interest 5 6 12 15 22
Borrowings 587 501 549 493 98
Other Non-Current Liabilities -11 0 52 92 132
Total Current Liabilities 168 212 128 202 127
Total Liabilities 789 762 809 890 1338
Fixed Assets 670 628 652 732 906
Other Non-Current Assets 37 44 89 71 131
Total Current Assets 82 90 68 88 301
Total Assets 789 762 809 890 1338

Brigade Hotel Ven. Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 9 10 -13 4 -24
Cash Flow from Operating Activities -13 108 155 149 200
Cash Flow from Investing Activities -11 1 -45 -95 -464
Cash Flow from Financing Activities 25 -132 -92 -82 308
Net Cash Inflow / Outflow 1 -23 17 -28 44
Closing Cash & Cash Equivalent 10 -13 4 -24 20

Brigade Hotel Ven. Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -765 -38.4 248.7 0.72 1.54
CEPS(Rs) -243.2 462.6 747.8 2.61 3.13
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) -2500.8 -2481.1 -2231.8 2.74 24.99
Core EBITDA Margin(%) 7.44 27.64 35.22 35.12 33.12
EBIT Margin(%) -36.28 18.45 25.14 25 26.27
Pre Tax Margin(%) -78.3 -1.3 7.99 9.51 16.45
PAT Margin (%) -56.47 -0.88 7.75 5.05 12.3
Cash Profit Margin (%) -16.6 13.21 18.62 15.69 22.66
ROA(%) -10.48 -0.4 3.97 2.79 5.8
ROE(%) 0 0 0 0 12.59
ROCE(%) -7.41 9.34 15.23 17.27 15.43
Receivable days 31.27 17.32 19.29 17.45 16.23
Inventory Days 6.4 3.61 4.67 4.92 4.9
Payable days 422.37 262.04 265.92 266.86 313.6
PER(x) 0 0 0 0 36.06
Price/Book(x) 0 0 0 0 2.22
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 6.39 2.53 2.15 1.87 3.81
EV/Core EBITDA(x) 57.16 8.59 5.97 5.26 10.4
Net Sales Growth(%) 0 139.09 14.7 16.57 12.13
EBIT Growth(%) 0 221.6 56.23 15.95 17.81
PAT Growth(%) 0 96.26 1107.77 -24.02 172.99
EPS Growth(%) 0 94.98 747.66 -99.71 114.54
Debt/Equity(x) 21.52 18.7 10.23 7.85 0.15
Current Ratio(x) 0.49 0.42 0.53 0.44 2.37
Quick Ratio(x) 0.47 0.4 0.48 0.4 2.31
Interest Cover(x) -0.86 0.93 1.47 1.61 2.68
Total Debt/Mcap(x) 0 0 0 0 0.07

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +12% +14% — —
Operating Profit CAGR +15% +23% — —
PAT CAGR +171% — — —
Share Price CAGR -31% — — —
ROE Average +13% +4% +3% +3%
ROCE Average +15% +16% +10% +10%

Brigade Hotel Ven. Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 74.09 %
FII 0.81 %
DII (MF + Insurance) 19.82 %
Public (retail) 5.28 %
# Jul 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 74.0974.0974.0974.0974.09
FII 2.991.330.850.670.81
DII 16.5319.5920.1220.0319.82
Public 6.394.994.945.215.28
Others 00000
Total 100100100100100

Brigade Hotel Ven. Peer Comparison

Hotel, Resort & Restaurants Edit Columns

Brigade Hotel Ven. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Brigade Hotel Ven. Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • Debtor days have increased from 266.86 to 313.6days.
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