BRIGHOTELConsumer Discretionary

Brigade Hotel Ventures Limited

Hotels & Resorts · ISIN INE03NU01014 · BSE 544457 · NSE EQ · FV ₹10
Last price
₹55
+1.06%today
What this company does

Brigade Hotel Ventures Limited operates in Hotels & Resorts, part of the Consumer Discretionary sector. It booked ₹138 cr of revenue in its latest quarter (Q2 FY27) and kept 14.4% of sales as profit.

In the report:
64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 323–428 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
50

At close. Not part of the score.

Profitability & returns62

How much profit it earns on the money it employs

Balance sheet58

How much it owes, and whether earnings cover the interest

Cash quality80

Whether reported profit actually arrives as cash

Valuation37

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 10% vs last year
✓ Profit up 120% vs last year
✓ Promoters hold 74%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in BRIGHOTEL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹55▲ +1.06%
latest close · 2026-11-04
52-wk low ₹4774 sessions so far52-wk high ₹64
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio26.6Average
LowAverageHigh
P/B ratio2.11Moderate
Below bookModerateHigh
EV / EBITDA10.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.0%Fair
WeakFairStrong ▸15%
Return on capital11.8%Fair
WeakFairStrong
Net margin14.4%Decent
ThinDecentStrong
EBITDA margin37.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.17Comfortable
LowModerateHigh ▸1
Interest cover4.0×Okay
RiskyOkayStrong ▸5×
Current ratio1.46Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,099 cr
Book value
₹26
EPS
₹0.52
latest quarter
Net debt
₹148 cr
owes more than its cash
Enterprise value
₹2,248 cr
EBITDA
₹209 cr
annualised
EBIT
₹156 cr
annualised
Operating margin
28.2%
Return on assets
5.3%
Earnings yield
3.76%
P/S
3.80
Sales / share
₹14.6
Tax rate
25.1%
Face value
₹10
Shares
38.0 cr
Working capital
₹90 cr
Current assets
₹288 cr
Current liabilities
₹198 cr
Delivery %
60.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹5–₹5, midpoint ₹5

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹138 cr
Other Income₹4 cr
Total Income₹142 cr
Cost of Materials₹12 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹26 cr
Finance Costs₹10 cr
Depreciation & Amortisation₹13 cr
Other Expenses₹51 cr
Total Expenses₹113 cr
Profit before Tax₹29 cr
Tax Expense₹7 cr
Net Profit₹22 cr
Net margin on total income15.4%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹12 cr8.8%
Employee benefit expense₹26 cr18.6%
Finance costs₹10 cr6.8%
Depreciation & amortisation₹13 cr9.3%
Other expenses₹51 cr35.9%
Tax expense₹7 cr5.2%
Profit for the period₹22 cr15.4%
Total income ₹142 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue136 cr127 cr138 cr
Total income146 cr131 cr142 cr
Expenses112 cr108 cr113 cr
Profit before tax34 cr23 cr29 cr
Tax9 cr6 cr7 cr
Net profit (owners' share)23 cr16 cr20 cr
Net margin (owners' share, on revenue)16.8%12.6%14.4%
EPS (₹)0.600.420.52
YoY (latest quarter): total income +9.7% · net profit +119.8%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹1,516 cr
Shareholder equity
₹995 cr
parent shareholders
Total debt
₹175 cr
Cash
₹27 cr
Cash flow · H1 FY27
Operating
₹78 cr
Investing
₹-95 cr
Financing
₹-24 cr
Peer comparison
Hotels & Resorts · by market value
CompanyPriceMarket capP/E
The Indian Hotels Company Limited₹836₹1.19 L cr85.0
ITC Hotels Limited₹171₹35,627 cr44.1
Leela Palaces Hotels & Resorts Limited₹653₹21,802 cr57.7
EIH Limited₹294₹18,388 cr39.3
Chalet Hotels Limited₹811₹17,751 cr51.6
Ventive Hospitality Limited₹529₹12,357 cr132.3
Lemon Tree Hotels Limited₹114₹9,048 cr49.3
India Tourism Development Corporation Limited₹611₹5,241 cr138.9
Juniper Hotels Limited₹200₹4,448 cr33.5
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
74.1%
FII / Foreign
0.8%
DII / Domestic
19.3%
Retail / others
5.9%
Smart-money activity
Insider trades
BoughtMYSORE HOLDINGS PRIVATE LIMITED · Other5.00 L · ₹3.1 cr19 Feb 26
Stake changes
BoughtSBI Mutual fund under its Various Schemes→ 5.02% · 2.82 L13 Aug 25
Bought360 ONE Special Opportunities Fund - Series 9, 360 ONE Special Opportunities Fund - Series 10, 360 ONE Special Opportunities Fund - Series 11, 360 ONE Special Opportunities Fund - Series 12, 360 ONE Special Opportunities Fund - Series 13, 360 ONE Large Value Fund - Series 2→ 5.75%31 Jul 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 3 Oct 2026
See the official result
1
Approval of ‘BHVL Employee Stock Option Plan 2026’ and grant of Employee Stock Options to the Employees of the Company under the Plan
Backed by 81% of shareholders other than promotersneeded 75%
6.07 cr votes for, 1.42 cr against · 19% of mutual funds and other big investors said no
2
Approval of material related party transactions with SRP Prosperita Hotel Ventures Limited, a Subsidiary of the Company
Backed by 85% of shareholders other than promotersneeded 50%
6.40 cr votes for, 1.09 cr against · 15% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 25 named members
owning 74.1% between them · as of 2026-09-30
BRIGADE ENTERPRISES LTD74.09%
Ananthay Properties Private Limitedno shares
Augusta Club Private Limitedno shares
Auraterra Developers LLPno shares
Aureya FM Services Private Limited (Formerly known as WTC Trades & Projects Private Limited)no shares
BCV Developers Private Limitedno shares
Brigade Estates & Projects Private Limitedno shares
Brigade Flexible Office Spaces Private Limitedno shares
Business done with them
FY2026 · 8 of the group
The company paid ₹232 cr to companies in the promoter group last year — about 44.1% of its ₹525 cr revenue and received ₹6 cr back from them.
Brigade Enterprises Limited
Bought goods from them · Revenue from hospitality services, Reimbursement of expenses made by the Company, Interest on borrowings, Purchase of Materials, Rent paid, Capital Advance Paid
also owns 74.09% of the company
₹110 cr
company paid
Brigade Enterprises Limited
Other payments to them · Revenue from hospitality services, Reimbursement of expenses made by the Company, Interest on borrowings, Purchase of Materials, Rent paid, Capital Advance Paid
also owns 74.09% of the company
₹100 cr
company paid
Perungudi Real Estates Private Limited
Bought property or assets from them · Revenue from hospitality services
₹20 cr
company paid
Perungudi Real Estates Private Limited
Leases As Lessee · Revenue from hospitality services
₹20 cr
company received
Brigade Enterprises Limited
Provided services to them · Revenue from hospitality services, Reimbursement of expenses made by the Company, Interest on borrowings, Purchase of Materials, Rent paid, Capital Advance Paid
also owns 74.09% of the company
₹5 cr
company received
Perungudi Real Estates Private Limited
Contribution made to them · Revenue from hospitality services
₹1 cr
company paid
Perungudi Real Estates Private Limited
Other payments to them · Revenue from hospitality services
₹53 L
company paid
Brigade Hospitality Services Limited
Provided services to them · Purchase of Materials, Revenue from hospitality services, Reimbursement of expenses made by the Company, Capital advance paid
₹19 L
company received
Perungudi Real Estates Private Limited
Provided services to them · Revenue from hospitality services
₹6 L
company received
Brigade Hospitality Services Limited
Bought goods from them · Purchase of Materials, Revenue from hospitality services, Reimbursement of expenses made by the Company, Capital advance paid
₹5 L
company paid
BCV Developers Private Limited
Provided services to them
₹5 L
company received
Brigade Gujarat Projects Private Limited
Other income from them · Revenue from hospitality services, Reimbursement of expenses made by the Company, Reimbursement of expenses received by the Company
₹5 L
company received
Brigade Hospitality Services Limited
Other payments to them · Purchase of Materials, Revenue from hospitality services, Reimbursement of expenses made by the Company, Capital advance paid
₹4 L
company paid
Brigade Gujarat Projects Private Limited
Provided services to them · Revenue from hospitality services, Reimbursement of expenses made by the Company, Reimbursement of expenses received by the Company
₹4 L
company received
Brigade Innovations LLP
Provided services to them
₹3 L
company received
Zoiros Projects Private Limited
Sold goods to them
₹1 L
company received
Brigade Flexible Office Spaces Private Limited
Provided services to them · Revenue from hospitality services, Reimbursement of expenses made by the Company
₹1 L
company received
Brigade Flexible Office Spaces Private Limited
Bought goods from them · Revenue from hospitality services, Reimbursement of expenses made by the Company
₹1 L
company paid

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹760 cr raised in Jul 2025 by selling shares to the public

As of Sep 2026, the company says it has spent 87% of what it set aside, leaving ₹97 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited
100%
₹468 cr of ₹468 cr
Payment of consideration for buying of Undivided Share of Land from our Promoter, BEL
100%
₹108 cr of ₹108 cr
Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
30%
₹40 cr of ₹131 cr
Expenses in relation to the Issue
90%
₹48 cr of ₹53 cr
Spent by quarter: 78% → 82% → 87% → 87% → 87% (to Sep 2026)
₹126 cr raised in Jul 2025 by private placement

As of Sep 2026, the company says it has spent 17% of what it set aside, leaving ₹104 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

General Corporate Purpose
15%
₹18 cr of ₹123 cr
Expenses in relation to the Pre-IPO Placement
100%
₹3 cr of ₹3 cr
Spent by quarter: 0% → 0% → 2% → 3% → 17% (to Sep 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.