Unlisted Shares
Bharat Hotels Limited
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About Bharat Hotels Limited
Bharat Hotels Limited, operating under 'The Lalit' brand, is a leading luxury hospitality company in India. Established in 1981, it owns and manages luxury hotels, resorts, and palaces across India and internationally. The company has shown a strong post-COVID recovery with significant improvement in revenue and profitability driven by travel demand revival.
Share Details
| company Name | Bharat Hotels Limited |
| indicative Unlisted Share Price | ₹438 |
| market Capitalization | ₹2800–3000 Crore |
| lot Size | 100 |
| 52 Week High | ₹400 |
| 52 Week Low | ₹350 |
| face Value | ₹10 |
| book Value | ₹124.2 |
| pe Ratio | 33.5 |
| pb Ratio | 3.0 |
| debt To Equity | 0.98 |
| return On Equity | 9.0% |
| total Outstanding Shares | 7,59,91,199 |
| isin | INE466A01015 |
| depository | NSDL & CDSL |
| pan | AAACB1298E |
| cin | U74899DL1981PLC011274 |
| rta | KFin Technologies Limited |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 309 | 800 | 862 | 901 |
| Cost of Material Consumed | 30 | 77 | 84 | 88 |
| Change in Inventory | 0.1 | 0 | 0 | -0.06 |
| Employee Benefit Expenses | 50 | 92 | 112 | 129 |
| Other Expenses | 119 | 275 | 304 | 305 |
| EBITDA | 109.9 | 356 | 362 | 370.06 |
| Operating Profit Margin (%) | 35.57 | 44.5 | 42 | 42.07 |
| Other Income | 5.7 | 30 | 39 | 16 |
| Finance Cost | 176 | 185 | 202 | 188 |
| Depreciation | 65 | 68 | 59 | 55 |
| EBIT | -44.9 | 288 | 303 | 324.06 |
| PBT | -125 | 134 | 141 | 152 |
| Tax | -66 | 85 | 56 | 67 |
| PAT | -59 | 49 | 85 | 85 |
| Net Profit Margin (%) | -19.09 | 6.13 | 9.86 | 9.43 |
| EPS (₹) | -7.77 | 6.46 | 11.19 | 11.19 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | 35.57 | 44.5 | 42 | 42.07 |
| Net Profit Margin (%) | -19.09 | 6.13 | 9.86 | 9.43 |
| EPS (₹) | -7.77 | 6.46 | 11.19 | 11.19 |
Financial Annual Report Summary
Bharat Hotels has demonstrated strong recovery post COVID, with revenue rising sharply and profitability turning positive. EBITDA and margins have improved significantly due to operating leverage and cost optimization.
Why Invest in Bharat Hotels Limited
- Strong turnaround from losses to profitability.
- High EBITDA margins (~40%+).
- Revenue recovery driven by hospitality boom.
- Debt-heavy structure still a concern.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 1,277 | 1,624 | 1,593 | 1,561 |
| CWIP | 302 | 286 | 291 | 288 |
| Investments | 0 | 0 | 0 | 0.03 |
| Trade Receivables | 19 | 37 | 26 | 20 |
| Inventory | 17 | 18 | 17 | 16 |
| Other Assets | 950 | 509 | 410 | 382.97 |
| Total Assets | 2,565 | 2,474 | 2,337 | 2,268 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 75.9 | 75.9 | 75.99 | 75.99 |
| Reserves | 728 | 699 | 786 | 868 |
| Borrowings | 1,338 | 1,347 | 1,107 | 922 |
| Trade Payables | 77 | 82 | 89 | 108 |
| Other Liabilities | 346.1 | 270.1 | 280.01 | 274.01 |
| Total Liabilities | 2,565 | 2,474 | 2,337 | 2,268 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
High debt but reducing trend; asset base stable with deleveraging strategy.
Cash Flow Insights
- Strong operating cash flow generation.
- Heavy financing outflows due to debt repayment.
- Consistent deleveraging strategy.
Shareholding Pattern
Recent
Promoter: 49.97%
Institutional: -
Public: 50.03%
Promoters & Management
Promoted by Lalit Suri family; led by Dr. Jyotsna Suri.
Key Management
Dr. Jyotsna Suri - Chairperson & MD
Hospitality Leader
Keshav Suri - Executive Director
Hotel Operations
Registrar & Transfer Agent (RTA)
Registrar: KFin Technologies Limited
Website: https://www.kfintech.com/
Management Analysis
Focused on premium hospitality expansion, deleveraging balance sheet, and improving profitability through operational efficiency.
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