Taj GVK Hotels & Resorts (TAJGVK) had a P/E of 5.0× on 6 Nov 2026, below the industry P/E of 28.0×, and the shares are 26% below their 52-week high. Sales and net profit grew 9.8% and 72% a year over 3 years; its ROCE of 27% is the highest among the 7 largest Lodging peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹2,045 Cr, ranked 13th of 54 Lodging companies by market cap; the shares fell 22% over the past year.
- ₹320.00
- ₹327.70
- ₹320.00
- ₹319.80
- 88.2K
Health check
- ReturnsIn line
−22.1% over a year, better than 3 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSteady
Sales +9.8%, profit +72.3% a year over 3 years.
- ProfitabilityStrong
ROCE 27.1% vs peer median 16.2%.
- Balance sheetFair
Debt 0.09× equity, interest covered 94.1×, Piotroski 5 of 9.
- Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,045 Cr
- Small cap
- P/E
- 5.0
- Industry 28.0
- Price to book
- 2.00
- Peers 4.46
- Dividend yield
- 0.61%
- ROE
- 48.6%
- Peers 16.5%
- ROCE
- 27.1%
- Peers 16.2%
- Debt to equity
- 0.09
- Debt ₹128 Cr
- EPS (TTM)
- ₹65.20
- Face value ₹2
- OPM (TTM)
- 30.5%
- Net margin 73.1%
- Sales growth
- +55.1%
- Latest quarter vs a year ago
- Profit growth
- +51.6%
- Latest quarter vs a year ago
- Price to sales
- 3.61
- EV/EBITDA 14.1
Strengths and risks
Strengths
- Return on equity of 48.6%.
- Return on capital employed of 27.1%.
- Practically debt-free.
- Quarterly profit up 51.6% on a year ago.
- Quarterly sales up 55.1% on a year ago.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- Promoter stake down from 75.0% to 71.0%.
About Taj GVK Hotels & Resorts
Krishna GVK Luxury Hotels Limited operates as an owner and operator of luxury hotels in India. The company operates three hotels in Hyderabad, namely Taj Krishna; Taj Deccan; and Vivanta Begumpet; Taj Club House, and Taj Chandigarh, and also operates Taj Santacruz. The company provides accommodation services, including guest rooms and suites at its hotel properties. It also offers food and beverage services through multi-cuisine restaurants, specialty…
- Headquarters
- Hyderabad
- Employees
- 410
- Sector
- Consumer Cyclical
- ISIN
- INE586B01026
- Website
- tajgvk.in
Price range
- Avg volume (3M)
- 57.6K
- 1-year return
- minus 22.1%
- From 52-week high
- minus 25.6%
Peers · Lodging
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INDHOTELIndian Hotels Co. | 888.00 | plus 1.49% | 1,26,401 | 57.2 | 9.27 | 17.4% | 16.5% | 32.9% | 18.6% | 27.6% | 0.37% | plus 17.7% |
| THELEELALeela Palaces Hotels & Resorts | 692.30 | plus 0.37% | 23,120 | 37.2 | 3.53 | 8.3% | 7.2% | 48.9% | 21.1% | – | 0.00% | plus 56.7% |
| EIHOTELEIH | 313.05 | plus 1.72% | 19,577 | 27.5 | 3.72 | 16.2% | 12.7% | 34.1% | 13.3% | 25.9% | 0.48% | minus 22.9% |
| CHALETChalet Hotels | 810.70 | minus 1.52% | 17,754 | 30.1 | 4.46 | 16.6% | 19.1% | 44.1% | 34.9% | 52.1% | 0.25% | minus 14.4% |
| VENTIVEVentive Hospitality | 540.55 | plus 1.53% | 12,624 | 28.0 | 2.23 | 9.7% | 8.3% | 43.2% | 13.0% | – | 0.00% | minus 27.8% |
| LEMONTREELemon Tree Hotels | 117.39 | minus 0.12% | 9,295 | 36.1 | 6.16 | 13.5% | 17.8% | 47.5% | 16.3% | 25.6% | 0.00% | minus 30.0% |
| ITDCIndia Tourism Development Corporation | 630.65 | minus 0.30% | 5,409 | 65.6 | 12.80 | 26.6% | 21.1% | 17.0% | 4.6% | 14.5% | 0.47% | plus 3.2% |
| TAJGVKTaj GVK Hotels & Resorts | 326.15 | plus 1.99% | 2,045 | 5.0 | 2.00 | 27.1% | 48.6% | 26.8% | 9.8% | 72.3% | 0.61% | minus 22.1% |
| Median of 7 peers | – | 0.37% | 17,754 | 36.1 | 4.46 | 16.2% | 16.5% | 43.2% | 16.3% | 25.9% | 0.25% | −14.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 106 | 107 | 136 | 159 | 165 | |
| 74.5 | 73.5 | 94.2 | 111 | 115 | |
| 31.9 | 33.6 | 42.2 | 47.3 | 50.1 | |
| 29.9% | 31.4% | 30.9% | 29.8% | 30.3% | |
| 1.7 | 2.2 | 2 | 2.8 | 1.1 | |
| 1.2 | 1.2 | 1.2 | 1.4 | 1.5 | |
| 3.3 | 3.1 | 3.1 | 5.2 | 5.8 | |
| – | – | – | 283 | – | |
| 29.1 | 31.5 | 39.8 | 326 | 43.8 | |
| 45.1% | 25.4% | 26.9% | 3.5% | 27.8% | |
| 20.9 | 27.6 | 37 | 320 | 31.7 | |
| 3.33 | 4.39 | 5.90 | 50.88 | 4.03 |
Profit & loss
- Sales CAGR 3Y
- +9.8%
- Profit CAGR 3Y
- +72.3%
- EPS CAGR 3Y
- +72.3%
- ROE
- 48.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 378 | 402 | 442 | 501 | |
| – | +6.3% | +10.1% | +13.2% | |
| 259 | 271 | 298 | 345 | |
| 119 | 130 | 144 | 155 | |
| 31.6% | 32.4% | 32.5% | 31.0% | |
| 28.6 | 2.4 | 10.6 | 8.2 | |
| 15.2 | 12.4 | 8.5 | 4.6 | |
| 14.6 | 14 | 13.2 | 14.7 | |
| −0.2 | −1.1 | −4.2 | 282 | |
| 118 | 105 | 129 | 427 | |
| 32.2% | 29.2% | 26.2% | 8.9% | |
| 79.8 | 74.4 | 117 | 408 | |
| – | minus 6.8% | +57.5% | +248.2% | |
| 12.73 | 14.78 | 18.69 | 65.09 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.5 | 12.5 | 12.5 | 12.5 | |
| 449 | 535 | 642 | 1,012 | |
| 141 | 108 | 44 | 128 | |
| 155 | 162 | 181 | 627 | |
| 758 | 818 | 880 | 1,780 | |
| 503 | 522 | 561 | 838 | |
| 48.1 | 79.5 | 129 | 328 | |
| 0 | 0 | 0 | 0 | |
| 36.8 | 73.1 | 70.1 | 148 | |
| 170 | 143 | 120 | 466 | |
| 758 | 818 | 880 | 1,780 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 99.9 | 123 | 116 | 173 | |
| −16.6 | −99.3 | −19.1 | −174 | |
| −79.1 | −51.9 | −84.3 | −17 | |
| 4.2 | −28 | 12.8 | −18.4 | |
| −18 | −38.9 | −40.7 | −204 | |
| 81.9 | 84.3 | 75.4 | −30.7 | |
| – | −6.3 | −9.4 | −12.5 |
Shareholding pattern
- Promoters71.00%
- Public29.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.00% | 29.00% | 0.00 | |
| 30 Jun 2026 | 71.00% | 29.00% | 0.00 | |
| 31 Mar 2026 | 71.00% | 29.00% | 0.00 | |
| 31 Dec 2025 | 71.00% | 29.00% | minus 3.99 | |
| 30 Sep 2025 | 74.99% | 25.01% | – |
Major shareholders
Filings & events
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