Taj Gvk Hotels & Resorts Limited (TAJGVK)

Loading page…

Taj Gvk Hotels & Resorts Limited (TAJGVK) · mywealthgrid

About

Taj Gvk Hotels & Resorts operates premium hotel and resort properties under the Taj brand in leisure services. With a market cap of ₹2,142 Cr, the company demonstrates strong unit economics: operating margins of 30.48% and ROE of 48.86% on a conservative balance sheet (debt-to-equity 0.07). The business sits in Consumer Discretionary, where margins reflect both brand positioning and operational efficiency.

Face value: ₹2

Market cap

₹1,974 Cr

P/E

4.7×

P/B

1.9×

Dividend yield

1.3%

ROE

48.9%

ROCE

12.6%

Debt / equity

0.07

OPM

30.5%

EPS (TTM)

₹66.3

Book value

₹163.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock declined 17% over 12 months despite strong profitability metrics; verify whether this reflects sector weakness, valuation reset after exceptional Mar 2026 results, or market skepticism about normalized earnings
Mar 2026 quarter reports net profit between ₹28.15 Cr and ₹319.75 Cr across reported bases; verify which figure is audited and whether variance reflects exceptional gains or consolidated vs standalone reporting
Quarterly revenues range ₹107–₹165 Cr with corresponding profit variability; verify occupancy rates, average room rates, and whether swings indicate seasonal patterns, property-mix changes, or underlying demand pressure
Minimal institutional investor participation (FII 0.42%, DII 4.08%) suggests limited external validation of business quality—verify whether this reflects sector-specific positioning or underlying governance or operational concerns

Generated analysis · source review pending

Growth drivers

Operating margin of 30.48% leaves room to improve returns if revenue grows without proportional cost increases; verify whether occupancy rates or pricing power support volume expansion
Debt-to-equity of 0.07 enables property acquisition or renovation capex; verify management's capital deployment plans and expected returns on new assets or property upgrades
Normalized quarterly net profit of ₹20–₹35 Cr on ₹107–₹165 Cr revenue demonstrates scalable unit economics; verify whether future growth comes from adding new properties or optimizing existing assets

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹314.9-0.5%1Y

Quick read

rule-based

Pros

+Strong return on equity of 28.9% (3-yr avg)
+Healthy operating margin of 30.5%
+Profit CAGR of 63.8% over the last 3 years
+Revenue CAGR of 40.1% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 30.3×
+High promoter holding of 71% with no pledge

Cons

−Low dividend payout of 6% of profit
−Promoter holding fell 4 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

86/100

Business quality: 81

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	270	264	288	317	313	94	227	384	408	450	508
COGS	—	—	—	—	33	11	25	38	36	38	44
Gross profit	—	—	—	—	279	83	202	346	372	412	465
	207	207	217	248	201	98	158	213	224	250	288
	63	58	72	69	78	-16	44	132	147	161	177
OPM %	23.3%	21.9%	24.9%	21.8%	25.1%	-16.7%	19.3%	34.5%	36.1%	35.9%	34.8%
Depreciation	18	18	17	17	17	17	16	15	14	13	15
Interest	31	29	25	22	23	20	19	15	13	9	5
	-0	6	3	7	1	3	1	29	3	12	291
Profit before tax	15	19	32	38	40	-50	11	131	123	151	448
Tax	7	8	11	14	12	-10	9	38	31	34	38
Tax %	46.1%	44.3%	34.4%	36.2%	30.1%	-19.3%	80.7%	28.9%	24.9%	22.4%	8.5%
	8	10	21	24	28	-40	2	93	93	117	410
PAT margin %	3%	3.9%	7.3%	7.7%	9%	-42.4%	0.9%	24.3%	22.7%	26.1%	80.7%
EPS (₹)	0.6	0.7	3.3	4.3	4.4	-6.3	0.3	14.8	14.8	18.6	65.3
EPS adjusted (₹)	—	1.7	3.4	3.9	4.5	-6.4	0.3	14.9	14.8	18.7	65.4
	70.2%	61.5%	18.3%	13.9%	0%	—	0%	6.7%	10.1%	10.8%	3.1%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13	13	13	13	13	13	13	13	13	13
Reserves	350	357	388	399	355	356	449	535	642	1,012
Minority interest	0	—	—	—	—	—	—	—	—	395
	227	197	161	141	181	170	97	64	0	69
	148	171	158	190	157	167	199	206	225	292
Total equity & liabilities	738	736	719	743	705	705	758	818	880	1,780
	440	427	416	404	393	379	454	442	432	1,186
CWIP	77	81	92	91	87	86	43	79	116	317
Investments	110	99	110	110	123	113	97	116	138	0
	111	130	101	137	102	127	163	181	194	277
Total assets	738	736	719	743	705	705	758	818	880	1,780

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	89.4%	87.9%	89%	90.1%	91.1%	91.5%	91.4%
EBITDA margin %	21.8%	23.7%	-2.3%	22.8%	31%	31.6%	30.9%	30.5%
EBIT margin %	16.6%	18.3%	-19.9%	15.9%	27.2%	28.2%	28%	27.6%
PAT margin %	7.7%	9%	-42.4%	0.9%	24.3%	22.7%	26.1%	80.7%
Working capital
Receivable days	21	18	37	15	22	17	14	37
Inventory days	11	89	228	107	77	72	79	111
Payable days	—	—	1,580	784	703	739	872	746
NWC days	—	—	-1,316	-662	-604	-650	-779	-599
Leverage
Current ratio	0.46	0.59	0.42	0.6	1.04	1.13	1.31	1.26
Debt to EBITDA	2.32	1.9	—	3.29	0.81	0.5	0	0.44
Debt to equity	0.4	0.34	0.49	0.46	0.21	0.12	0	0.07
Interest coverage	2.8	2.6	-0.8	2	8.6	9.1	15.5	30.3
Asset turnover	0.44	0.42	0.13	0.32	0.51	0.5	0.51	0.29
Return ratios
Return on assets %	3.4%	3.8%	-5.7%	0.3%	12.3%	11.3%	13.3%	23.1%
Return on capital employed %	9.5%	9.1%	-2.6%	6.3%	21.8%	17.8%	19%	12.6%
Return on equity %	6.1%	6.8%	-10.9%	0.6%	20.2%	16.9%	17.9%	40.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	71%	71%	71%
	0.94%	0.8%	0.71%	0.82%	0.76%	1.69%	1.75%	0.83%	1%	0.91%	0.31%	0.42%
	3.62%	3.48%	2.98%	2.7%	1.44%	2.6%	3.96%	3.63%	1.75%	4.03%	4.02%	4.08%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	20.45%	20.73%	21.32%	21.49%	22.81%	20.72%	19.3%	20.55%	22.26%	24.06%	24.67%	24.5%
No. of shareholders	—	—	—	—	—	—	—	—	86,267	86,248	85,156	84,953

Promoter holding down 3.99 percentage points since Sep 2023.

16 deals · 2 Feb 2024 – 30 Dec 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Dec 2025	STARLIGHT TRUST	Bulk	NSE	Sell	12,50,000	₹420.34	₹52.54 Cr
30 Dec 2025	MOONSHOT TRUST	Bulk	NSE	Sell	12,50,000	₹420.00	₹52.50 Cr
30 Dec 2025	NIPPON INDIA EQUITY OPPORTUNITIES AIF - SCHEME 7	Bulk	NSE	Buy	8,12,941	₹420.00	₹34.14 Cr
30 Dec 2025	NIPPON INDIA EQUITY OPPORTUNITIES AIF - SCHEME 9	Bulk	NSE	Buy	7,08,026	₹420.00	₹29.74 Cr
9 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	6,35,153	₹497.75	₹31.61 Cr
9 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	6,35,153	₹497.56	₹31.60 Cr
23 May 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,90,689	₹393.28	₹15.37 Cr
23 May 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,90,689	₹392.87	₹15.35 Cr
3 May 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	5,64,578	₹410.50	₹23.18 Cr
3 May 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	5,64,578	₹410.10	₹23.15 Cr

1–10 of 16

1 / 2

Mr. Gunupati Venkata Krishna ReddyNon-Executive - Non Independent Director-Chairperson
Mrs. Gunupati Indira Krishna ReddyNon-Executive - Non Independent Director
Mrs. Shalini BhupalExecutive Director-CEO-MD
Mr. Krishna Ram BhupalExecutive Director
Mr. Anoop Vrajlal MehtaNon-Executive - Non Independent Director
Mr. N Sandeep ReddyNon-Executive - Independent Director
Mr. N Anil Kumar ReddyNon-Executive - Independent Director
Mr. L V SubrahmanyamNon-Executive - Independent Director
Mr. N Ramesh KumarNon-Executive - Independent Director
Mrs. Dinaz NoriaNon-Executive - Independent Director
Mr. N Sambasiva RaoNon-Executive - Independent Director

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	52	0	0%	0%	-0

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

3 announcementsExport CSV

10 Sept 2026, 1:12 pmCompany Update

AGM Shareholders Approval For Name Change Of The Company

General PDF

9 Sept 2026, 5:05 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

9 Sept 2026, 4:59 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
10 Sept 2026, 1:12 pm	Company Update General	AGM Shareholders Approval For Name Change Of The Company	PDF
9 Sept 2026, 5:05 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	89.4%	87.9%	89%	90.1%	91.1%	91.5%	91.4%
EBITDA margin %	21.8%	23.7%	-2.3%	22.8%	31%	31.6%	30.9%	30.5%
EBIT margin %	16.6%	18.3%	-19.9%	15.9%	27.2%	28.2%	28%	27.6%
PAT margin %	7.7%	9%	-42.4%	0.9%	24.3%	22.7%	26.1%	80.7%
Working capital
Receivable days	21	18	37	15	22	17	14	37
Inventory days	11	89	228	107	77	72	79	111
Payable days	—	—	1,580	784	703	739	872	746
NWC days	—	—	-1,316	-662	-604	-650	-779	-599
Leverage
Current ratio	0.46	0.59	0.42	0.6	1.04	1.13	1.31	1.26
Debt to EBITDA	2.32	1.9	—	3.29	0.81	0.5	0	0.44
Debt to equity	0.4	0.34	0.49	0.46	0.21	0.12	0	0.07
Interest coverage	2.8	2.6	-0.8	2	8.6	9.1	15.5	30.3
Asset turnover	0.44	0.42	0.13	0.32	0.51	0.5	0.51	0.29
Return ratios
Return on assets %	3.4%	3.8%	-5.7%	0.3%	12.3%	11.3%	13.3%	23.1%
Return on capital employed %	9.5%	9.1%	-2.6%	6.3%	21.8%	17.8%	19%	12.6%
Return on equity %	6.1%	6.8%	-10.9%	0.6%	20.2%	16.9%	17.9%	40.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
The Indian Hotels Company LimitedINDHOTELINDHOTEL	₹1,02,200 Cr	₹1,02,251 Cr	₹9,987 Cr	₹3,291 Cr	33%	₹2,146 Cr	23.2%	17%	17.2%	-191
Itc Hotels LimitedITCHOTELSITCHOTELS	₹33,018 Cr	₹33,019 Cr	₹4,260 Cr	₹1,471 Cr	34.4%	₹864 Cr	19.8%	10.2%	7.3%	600
Leela Palaces Hotels & Resorts LimitedTHELEELATHELEELA	₹19,003 Cr	₹20,560 Cr	₹1,604 Cr	₹785 Cr	48.6%	₹298 Cr	26.4%	8.4%	0.5%	-147
Eih LimitedEIHOTELEIHOTEL	₹18,628 Cr	₹18,628 Cr	₹3,023 Cr	₹1,030 Cr	34.8%	₹712 Cr	22.4%	18.6%	12.7%	-295
Chalet Hotels LimitedCHALETCHALET	₹18,182 Cr	₹20,506 Cr	₹2,387 Cr	₹1,064 Cr	42.9%	₹528 Cr	23.3%	18.4%	19.1%	80
Ventive Hospitality LimitedVENTIVEVENTIVE	₹12,894 Cr	₹14,929 Cr	₹2,496 Cr	₹1,079 Cr	44.4%	₹588 Cr	20.4%	10.2%	9.7%	-201
Lemon Tree Hotels LimitedLEMONTREELEMONTREE	₹8,530 Cr	₹10,533 Cr	₹1,473 Cr	₹700 Cr	47.9%	₹235 Cr	20%	14.6%	17.8%	-200
India Tourism Development Corporation LimitedITDCITDC	₹5,711 Cr	₹5,711 Cr	₹535 Cr	₹91 Cr	17.2%	₹82 Cr	15.5%	28.5%	21.6%	-47
Juniper Hotels LimitedJUNIPERJUNIPER	₹4,784 Cr	₹5,522 Cr	₹1,076 Cr	₹429 Cr	40.3%	₹166 Cr	13.5%	8.1%	5.1%	-32
Mahindra Holidays & Resorts India LimitedMHRILMHRIL	₹3,938 Cr	₹5,172 Cr	₹3,023 Cr	₹607 Cr	20.6%	₹54 Cr	2.2%	3.8%	8.9%	227
Samhi Hotels LimitedSAMHISAMHI	₹3,429 Cr	₹5,137 Cr	₹1,281 Cr	₹439 Cr	34.6%	₹504 Cr	45.4%	9.1%	30.3%	-321
Oriental Hotels LimitedORIENTHOTORIENTHOT	₹2,500 Cr	₹2,597 Cr	₹498 Cr	₹130 Cr	26.8%	₹67 Cr	13.8%	13.1%	12.7%	-164

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	62	61	75	59	75	5	53	100	124	116	173
	-17	-11	-8	-16	-3	-0	1	-17	-37	-19	-174
	-45	-47	-55	-56	-66	-2	-31	-79	-52	-84	-17
Net cash flow	0	2	11	-13	6	3	23	4	35	13	-18
Free cash flow	45	48	66	42	72	4	53	82	124	116	173
CFO / Operating profit %	98.4%	105.1%	104.2%	85.2%	100.6%	—	102.7%	83.9%	95.9%	83.6%	111.6%

Taj Gvk Hotels & Resorts Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

16

1

Compounded sales growth

Compounded profit growth

Return on equity

Taj Gvk Hotels & Resorts Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends16

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

16

1