Brigade Hotel Ventures Ltd
NSE: BRIGHOTEL BSE: 544457
Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India.[1]
₹60.3
52W: ₹54.4 — ₹91.8
PE 39.7 · Book ₹27 · +123% vs bookMarket Cap₹2,290 Cr
Stock P/E39.7Price to Earnings
ROCE11.7%Return on Capital
ROE10%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has reduced debt.
- +Company has delivered good profit growth of 21.3% CAGR over last 5 years
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Earnings include an other income of Rs.49.6 Cr.
Shareholding Pattern
Promoters74.09%
FIIs0.67%
DIIs20.02%
Public5.21%
| Category | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|
| Promoters | 74.09% | 74.09% | 74.09% |
| FIIs | 1.33% | 0.84%▼0.5 | 0.67%▼0.2 |
| DIIs | 19.59% | 20.12%▲0.5 | 20.02%▼0.1 |
| Public | 4.99% | 4.94%▼0.0 | 5.21%▲0.3 |
Financial Statements
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 88 | 91 | 108 | 116 | 109 | 108 | 120 | 117 |
| Expenses | 60 | 61 | 71 | 74 | 73 | 78 | 80 | 77 |
| Operating Profit | 28 | 30 | 37 | 42 | 35 | 30 | 40 | 41 |
| OPM % | 32% | 33% | 34% | 36% | 33% | 28% | 33% | 35% |
| Net Profit | -4 | 4 | 7 | 10 | 5 | 8 | 19 | 51 |
| EPS ₹ | -0.14 | 0.14 | 0.26 | 0.34 | 0.19 | 0.2 | 0.49 | 1.34 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹454Cr, up 12.4% YoY. OPM at 32%.
Debt Position
Borrowings at ₹307Cr. Debt-to-equity ratio: 0.48x. Healthy balance sheet.
Capex Cycle
CWIP at ₹96Cr (12% of fixed assets). Moderate ongoing capital expenditure.
Margin & Efficiency
ROCE improving from 0% (Mar 2019) to 12% (Mar 2026). Working capital days: -61.
Valuation
PE 39.7x with 11.7% ROCE. Price is 123% above book value of ₹27. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 May - Scheduled investor meetings with IDBI Capital on May 19, 2026 and B&K Conference on May 27, 2026.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 9 May - BHVL marks Grand Mercure Mysuru’s 10th anniversary, plans ₹1,000 crore Karnataka investment and 1,700 new keys by Vision 2031.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 8 May - Brigade Hotel Ventures and Marriott opened 218-room Courtyard by Marriott Kochi Infopark on May 8, 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 5 May - Transcript of Earnings Call - Q4 FY 26
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 29 Apr - Audio recording of Q4 FY2026 investor call uploaded on April 29, 2026.
- Rating update 23 Sep 2025 from icra
- Rating update 30 Apr 2025 from icra
- Rating update 23 Jan 2024 from icra