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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹199 Cr.
Stock P/E
3.5
P/B
0.5
Current Price
₹97
Book Value
₹ 178.4
Face Value
10
52W High
₹257.8
52W Low
₹ 71.3
Dividend Yield
0%

HBG Hotels Overview

Business

HBG Hotels Ltd. operates in the hospitality sector in India. Its core business involves owning, managing, and operating hotels, resorts, and potentially standalone restaurants. The company generates revenue primarily through providing accommodation services (room bookings), food and beverage sales (restaurants, bars, in-room dining), and hosting events and banquets (conferences, weddings). Its business model focuses on delivering guest experiences across its properties.

Revenue Mix

Based on its industry, HBG Hotels' major revenue segments would typically include:

Accommodation: Revenue from room nights sold.

Food & Beverage (F&B): Revenue from restaurants, bars, cafes, and room service.

Banquets & Events: Revenue from hosting meetings, conferences, weddings, and other social events.

Specific contribution percentages for these segments are not available from the provided information.

Industry

The Indian hotel, resort, and restaurant industry is highly competitive, characterized by a mix of large international chains, established domestic players, and numerous independent operators. It is cyclical, sensitive to economic growth, tourism trends, and discretionary consumer spending. HBG Hotels Ltd. likely positions itself as a regional or niche player within this fragmented market. Its specific positioning (e.g., luxury, mid-scale, budget, business-focused, leisure-focused) and geographic concentration would define its competitive landscape against a broad array of peers, ranging from global brands to smaller local establishments.

MOAT

Without specific details about HBG Hotels' assets or operations, a significant, durable competitive advantage (moat) is not immediately apparent. In the hospitality industry, moats typically arise from:

Strong Brand Recognition: A widely recognized and trusted brand.

Prime Real Estate Locations: Owning properties in highly desirable or strategic areas.

Scale & Network Effects: A large portfolio providing cost efficiencies and broad market reach.

Customer Loyalty Programs: Retaining repeat guests through benefits.

As a smaller listed entity, HBG Hotels may have limited advantages in brand or scale compared to industry leaders. Any potential moat would likely stem from specific, well-located properties or a strong regional reputation, which cannot be determined from the available information.

Growth Drivers

Growing Domestic Tourism: Increasing disposable incomes and a rising middle class in India are driving domestic travel and leisure spending.

Inbound International Tourism: Recovery and growth in international tourist arrivals.

Business Travel & MICE: Expansion of corporate activities and the Meetings, Incentives, Conferences, and Exhibitions sector.

Urbanization & Infrastructure Development: Growth in Tier 2/3 cities and improved connectivity supporting new property development and increased visitation.

Expansion Initiatives: The company's own plans for new property acquisitions, developments, or management contracts.

Government Support: Initiatives promoting tourism and hospitality infrastructure.

Risks

Economic Cyclicality: Highly sensitive to economic downturns, which impact discretionary spending and corporate travel budgets.

Intense Competition: Fierce competition from established domestic and international brands, as well as unorganized players.

Geopolitical & Health Crises: Events like pandemics, political instability, or natural disasters can severely disrupt travel and tourism.

Operating Costs: High fixed costs (property maintenance, depreciation) and variable costs (staff, utilities, food inflation) can compress margins.

Capital Intensive Nature: Expansion and renovation of properties require significant capital investment, potentially leading to increased debt.

Regulatory & Environmental Risks: Compliance with various licensing, labor, and environmental regulations.

Management & Ownership

As is common with many Indian companies, HBG Hotels Ltd. is likely promoter-driven. Information regarding the specific promoters, their track record, the overall quality of the management team, and the detailed ownership structure (e.g., promoter holding, institutional holding, public holding) is not available from the provided data.

Outlook

HBG Hotels operates in an industry with long-term structural tailwinds from India's economic growth, rising disposable incomes, and increasing travel propensity. A growing focus on domestic tourism and improving infrastructure could provide a robust demand environment. However, the company faces significant challenges including intense competition from well-capitalized domestic and international players, the inherent cyclicality and capital-intensive nature of the hospitality business, and vulnerability to external shocks. Its ability to achieve sustainable growth will depend on strategic property selection, effective cost management, successful branding, and navigating a highly competitive landscape without a clear, established competitive moat.

HBG Hotels Share Price

Live · BSE · Inception: 1993
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

HBG Hotels Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 8 9 10 6 11 9 6 6 9 10
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 8 9 10 6 11 9 6 6 9 10
Total Expenditure 7 7 6 5 7 7 5 4 8 8
Operating Profit 1 2 4 1 4 2 1 2 2 2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 1
Exceptional Income / Expenses 0 195 0 0 0 51 0 0 0 0
Profit Before Tax 0 196 3 0 3 51 0 1 1 1
Provision for Tax 0 1 1 0 1 0 0 0 0 0
Profit After Tax 0 196 2 -0 2 51 0 1 1 1
Adjustments 0 0 -0 -0 0 0 0 -0 0 0
Profit After Adjustments 0 196 2 -0 2 51 0 1 1 1
Adjusted Earnings Per Share 0.3 140.1 1.7 -0 1.5 27.6 0.1 0.4 0.4 0.6

HBG Hotels Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 26 27 29 31
Other Income 0 2 7 0
Total Income 26 30 35 31
Total Expenditure 22 23 25 25
Operating Profit 5 6 10 7
Interest 2 2 2 0
Depreciation 2 2 2 1
Exceptional Income / Expenses 0 195 51 0
Profit Before Tax 1 197 58 3
Provision for Tax 0 1 1 0
Profit After Tax 1 196 56 3
Adjustments 0 0 0 0
Profit After Adjustments 1 196 56 3
Adjusted Earnings Per Share 0.5 140.4 30.2 1.5

HBG Hotels Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 24 221 350
Minority's Interest 0 0 0
Borrowings 11 227 295
Other Non-Current Liabilities 4 4 4
Total Current Liabilities 10 11 63
Total Liabilities 49 462 712
Fixed Assets 22 17 19
Other Non-Current Assets 25 415 653
Total Current Assets 2 29 40
Total Assets 49 462 712

HBG Hotels Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 2
Cash Flow from Operating Activities 2 25 -61
Cash Flow from Investing Activities -4 -238 -101
Cash Flow from Financing Activities 1 215 190
Net Cash Inflow / Outflow -0 2 28
Closing Cash & Cash Equivalent 0 2 30

HBG Hotels Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.49 140.45 30.25
CEPS(Rs) 2.03 141.85 31.23
DPS(Rs) 0 0.25 0.15
Book NAV/Share(Rs) 11.96 152.41 184.67
Core EBITDA Margin(%) 16.79 14.46 13.36
EBIT Margin(%) 9.86 723.56 207.26
Pre Tax Margin(%) 3.84 717.63 201.17
PAT Margin (%) 2.63 714.95 196.15
Cash Profit Margin (%) 11 722.09 202.54
ROA(%) 1.39 76.82 9.55
ROE(%) 4.06 170.9 20.19
ROCE(%) 6.4 80.59 10.26
Receivable days 10.55 13.18 17.67
Inventory Days 1.77 2 2.07
Payable days 596.15 403.42 267.06
PER(x) 123.57 0.64 8.36
Price/Book(x) 5.02 0.59 1.37
Dividend Yield(%) 0 0.28 0.06
EV/Net Sales(x) 4.13 13.25 27.91
EV/Core EBITDA(x) 22.64 60.17 76.49
Net Sales Growth(%) 0 6.23 4.08
EBIT Growth(%) 0 7694.87 -70.19
PAT Growth(%) 0 0 -71.45
EPS Growth(%) 0 0 -78.46
Debt/Equity(x) 0.63 1.05 1
Current Ratio(x) 0.2 2.65 0.63
Quick Ratio(x) 0.19 2.64 0.63
Interest Cover(x) 1.64 122.09 34.06
Total Debt/Mcap(x) 0.18 1.85 0.56

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +7%
Operating Profit CAGR +67%
PAT CAGR -71%
Share Price CAGR -60% +24% +45% +29%
ROE Average +20% +65% +65% +65%
ROCE Average +10% +32% +32% +32%

HBG Hotels Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 69.8 %
FII 1.03 %
DII (MF + Insurance) 0 %
Public (retail) 30.2 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.4570.4570.4570.4566.5970.0270.0271.7969.869.8
FII 000.050.130.61.291.291.121.081.03
DII 0.010.010.010.010.010.010.010.0100
Public 29.5529.5529.5529.5533.4129.9829.9828.2130.230.2
Others 0000000000
Total 100100100100100100100100100100

HBG Hotels Peer Comparison

Hotel, Resort & Restaurants Edit Columns

HBG Hotels Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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HBG Hotels Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 65%
  • Debtor days have improved from 403.42 to 267.06days.

Cons

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