On 6 Nov 2026, TGB Banquets And Hotels was priced at ₹9.29, or 20.2× trailing earnings, against an industry P/E of 28.0×, and the shares are 22% below their 52-week high. It earns ROCE of 3.4% and ROE of 1.8%, and sales and net profit grew 0.1% and 1.7% a year over 3 years. Debt is 0.13× equity. It is a small-cap company with a market cap of ₹27 Cr, ranked 47th of 54 Lodging companies by market cap; the shares fell 20% over the past year.
- ₹9.50
- ₹9.70
- ₹9.01
- ₹9.22
- 44.8K
Health check
- ReturnsIn line
−20.0% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 20.2 vs industry 28.0.
- GrowthSlow
Sales +0.1%, profit +1.7% a year over 3 years.
- ProfitabilityWeak
ROCE 3.4% vs peer median 16.2%.
- Balance sheetSolid
Debt 0.13× equity, interest covered 5.1×.
- Red flags3 to check
Return on equity is low at 1.8%.
Small cap
Defensive
Key metrics
- Market cap
- ₹27 Cr
- Small cap
- P/E
- 20.2
- Industry 28.0
- Price to book
- 0.39
- Peers 4.46
- Dividend yield
- 0.00%
- ROE
- 1.8%
- Peers 16.5%
- ROCE
- 3.4%
- Peers 16.2%
- Debt to equity
- 0.13
- Debt ₹9.95 Cr
- EPS (TTM)
- ₹0.46
- Face value ₹10
- OPM (TTM)
- 18.7%
- Net margin 3.9%
- Sales growth
- −37.0%
- Latest quarter vs a year ago
- Profit growth
- −52.0%
- Latest quarter vs a year ago
- Price to sales
- 0.77
- EV/EBITDA 14.8
Strengths and risks
Strengths
- P/E of 20.2 against an industry P/E of 28.0.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 1.8%.
- Quarterly profit down 52.0% on a year ago.
- Quarterly sales down 37.0% on a year ago.
About TGB Banquets And Hotels
TGB Banquets and Hotels Limited provides restaurant, banquet, and hotel services in India. The company operates The Grand Bhagwati hotel located in Ahmedabad. It also engages in the operation of restaurants under the Café Piano and Perq. In addition, the company offers catering and event services. The company was formerly known as Bhagwati Banquets and Hotels Limited and changed its name to TGB Banquets and Hotels Limited in May 2013. TGB Banquets and…
- Headquarters
- Ahmedabad
- Employees
- 99
- Sector
- Consumer Cyclical
- ISIN
- INE797H01018
- Website
- thegrandbhagwati.com
Price range
- Avg volume (3M)
- 26.7K
- 1-year return
- minus 20.0%
- From 52-week high
- minus 21.9%
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% | 0.49% | 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% | 0.24% | 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 | 39.5 | 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% |
| TGBHOTELSTGB Banquets And Hotels | 9.29 | plus 0.76% | 27 | 20.2 | 0.39 | – | 1.8% | 18.7% | – | – | 0.00% | minus 20.0% |
| Median of 7 peers | – | 0.37% | 17,754 | 37.2 | 4.46 | 16.2% | 16.5% | 43.2% | 16.3% | 25.9% | 0.24% | −14.4% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 8.6 | 10.6 | 10.4 | 8.3 | 5.4 | |
| 7.1 | 8.5 | 8.7 | 6.9 | 4.1 | |
| 1.5 | 2.1 | 1.7 | 1.4 | 1.3 | |
| 17.8% | 19.5% | 16.2% | 17.2% | 24.1% | |
| 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | |
| 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | |
| 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | |
| 0.2 | 0.7 | 0.3 | 0.2 | 0.1 | |
| – | – | −10.8% | – | – | |
| 0.2 | 0.7 | 0.4 | 0.2 | 0.1 | |
| 0.07 | 0.23 | 0.13 | 0.07 | 0.03 |
Profit & loss
- Sales CAGR 3Y
- +0.1%
- Profit CAGR 3Y
- +1.7%
- EPS CAGR 3Y
- +2.1%
- ROE
- 1.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 38.4 | 36.3 | 37.5 | 38.5 | |
| – | minus 5.3% | +3.2% | +2.6% | |
| 33.4 | 36.8 | 30.6 | 31 | |
| 5 | −0.4 | 6.9 | 7.5 | |
| 12.9% | −1.1% | 18.3% | 19.4% | |
| 3.5 | 3.6 | 1.8 | 0.9 | |
| 1.6 | 1.5 | 1.5 | 1.5 | |
| 5.2 | 5.1 | 5.3 | 5.2 | |
| −0.3 | −0.1 | −0 | −0.3 | |
| 1.4 | −3.5 | 1.9 | 1.4 | |
| 5.6% | −0.5% | −0.9% | −2.7% | |
| 1.4 | −3.6 | 1.9 | 1.4 | |
| – | minus 361.2% | – | minus 26.2% | |
| 0.47 | -1.22 | 0.66 | 0.50 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 29.3 | 29.3 | 29.3 | 29.3 | |
| 48.3 | 44.9 | 46.8 | 48.3 | |
| 15.9 | 7.6 | 16 | 12.5 | |
| 32.1 | 27.7 | 24.3 | 22.2 | |
| 126 | 109 | 116 | 112 | |
| 15 | 11.1 | 21.1 | 16.3 | |
| 0 | 0 | 0 | 0 | |
| 0.5 | 0.3 | 2.2 | 0.7 | |
| 110 | 98 | 93 | 95.3 | |
| 126 | 109 | 116 | 112 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.9 | 10.2 | 10.5 | 0.4 | |
| 0 | −0.2 | −0.5 | 3.9 | |
| −5.3 | −10.2 | −8.1 | −5.8 | |
| −0.4 | −0.2 | 1.9 | −1.5 | |
| −0.3 | −1.1 | −0.7 | −0.4 | |
| 4.6 | 9.1 | 9.8 | 0 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.