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HBG Hotels Ltd (537839)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 537839 NSE: Hotel, Resort & Restaurants | Small Cap | HBG Hotels Share Price

₹99 0.00 (0.00%)

As on 04-Jun'26 16:59

HBG Hotels Ltd (537839)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 537839 NSE: Hotel, Resort & Restaurants | Small Cap | HBG Hotels Share Price

₹99 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹203 Cr.
Current Price
₹99
52-Week Low / High
₹71 / 258
TTM EPS
₹1.4
TTM Sales
₹28.1 Cr.
Book Value per Share
₹178.4
P/E Ratio
72.60
Higher than its 5-year historical median
Industry PE
38.7
Price to Book (P/B)
0.56
Lower than its 5-year historical median
Price to Sales (P/S)
7.23
Higher than its 5-year historical median
EV/EBITDA
29.04
Higher than its 5-year historical median
Dividend Yield
0.06%
Profitability Efficiency
Return on Equity (ROE)
20.18%
Outperforms industry median
Return on Capital Employed (ROCE)
19.70%
Outperforms industry median
Return on Assets (ROA)
18.10%
Operating Profit Margin
13.5%
Net Profit Margin
196.06%
Gross Profit Margin
30.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.08%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.25%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-71.46%
Asset Quality
Promoter Holding
69.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹346 Cr.
Equity
₹20.5 Cr.
Face Value
₹10
All Time Low / High
₹4.95 / 308.00

HBG Hotels stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is HBG Hotels Ltd a good quality company?
HBG Hotels Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does HBG Hotels Ltd performance compare with that of its Peers?
Q.1 Revenue growth of HBG Hotels Ltd vs industry peers?
HBG Hotels Ltd revenue CAGR is 7.39%, compared to the industry median CAGR of 3.58%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of HBG Hotels Ltd?
Promoters hold 69.80% of the HBG Hotels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of HBG Hotels Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25.9% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HBG Hotels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4%4.9%5%5.8%5.5%-2.3%3.7%6.7%144.1%19.7%-
Value Creation
Index
-0.7-0.7-0.6-0.6-0.6-1.2-0.7-0.59.30.4-

Growth Parameters

Sales 13.114.517.820209.315.925.927.528.628
Sales YoY Gr.-11%22.5%12.6%-0.1%-53.4%70.2%62.9%6.2%4.1%-
Adj EPS 0.30.40.50.60.3-1.30.20.54311.11.4
YoY Gr.-12.5%25%24.4%-51.8%-588.9%NA145%8677.6%-74.2%-
BVPS (₹) 10.911.211.712.212.411.211.412152.4184.7178.4
Adj Net
Profit
0.40.50.60.80.4-1.90.30.760.120.63
Cash Flow from Ops. 2.8-0.10.610.2-1.60.31.72.324.9-55.9-
Debt/CF from Ops. 2.1-67.915.30.6-737.97.16.70.6-0.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.1%7.4%21.7%4.1%
Adj EPS 48.3%110.3%281.6%-74.2%
BVPS37%71.5%153%21.2%
Share Price 27% 45.1% 24.7% -60.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.92.22.63.21.5-7.61.22.8497.20.8
Op. Profit
Mgn %
21.219.818.318.819.51321.316.814.613.525.5
Net Profit
Mgn %
3.43.53.53.91.9-19.81.82.6218.9729.9
Debt to
Equity
0.30.20.40.30.40.50.50.60.100
Working Cap
Days
2032362632112175773622691,4503,249172
Cash Conv.
Cycle
259-14-42-51-66-45-40-34-22120

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1315182020916262729
Operating Expenses + 1012151616812222325
Manufacturing Costs2344423786
Material Costs2234412223
Employee Cost 2333423567
Other Costs 4456534888
Operating Profit 3334413444
Operating Profit Margin (%) 21.2%19.8%18.3%18.8%19.5%13.0%21.3%16.8%14.6%13.5%
Other Income + 0001000027
Exceptional Items 0000000019551
Interest 1111111222
Depreciation 2222322222
Profit Before Tax 11111-21119757
Tax 0000000011
Profit After Tax 01110-20119656
PAT Margin (%) 3.4%3.6%3.5%3.9%1.9%-19.8%1.8%2.6%715.0%196.1%
Adjusted EPS (₹)0.30.40.50.60.3-1.30.20.5140.530.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0.20%0.50%

Valuation of HBG Hotels - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2323242525232424221350
Share Capital 22222222222222222226
Reserves 12233223199324
Debt +64106111312151515
Long Term Debt63868981199
Short Term Debt0111244567
Minority Interest0000000000
Trade Payables2233421322
Others Liabilities 4934456667
Total Liabilities 3438403843434349245375

Fixed Assets

Net Fixed Assets +25242427252421221719
Gross Block29303237383939423942
Accumulated Depreciation46810131517192123
CWIP 1100134447
Investments 111211112514
Inventories0000000000
Trade Receivables3322210112
Cash Equivalents 10001110122
Others Assets 5812713141720195311
Total Assets 3438403843434349245375

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3-0110-202225-56
PBT 11111-21119757
Adjustment 3233443434
Changes in Working Capital -0-3-36-6-2-2-2-175-115
Tax Paid 0000-00-0-0-1-1
Cash Flow From Investing Activity + -2-2-1-6-2-1-0-4-215
Capex -2-2-1-6-3-1-0-33-6
Net Investments 00-0-01-00-0-2411
Others -0-0-0-0-0-00-0-0-0
Cash Flow From Financing Activity + -011-441-11-371
Net Proceeds from Shares 0000000005
Net Proceeds from Borrowing 0000000000
Interest Paid -1-1-1-1-1-1-1-2-1-2
Dividend Paid 0000000000
Others 021-452-13-169
Net Cash Flow 0-0-0000-0-0121

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.963.343.924.682.18-11.191.814.16170.920.18
ROCE (%)3.974.874.995.795.46-2.273.726.74144.1419.7
Asset Turnover Ratio0.390.40.460.520.490.220.370.560.190.09
PAT to CFO Conversion(x)N/A-0110N/AN/AN/A20.13-1
Working Capital Days
Receivable Days89.2076.5060.8040.7036.3055.509.705.4013.2017.70
Inventory Days4.503.502.401.901.904.602.501.6022.10
Payable Days281325.20304.10296.40339.70858.60269449403.40263.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HBG Hotels Ltd FAQs

The current trading price of HBG Hotels on 04-Jun-2026 16:59 is ₹99.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of HBG Hotels stood at ₹203.1 Cr

The latest P/E ratio of HBG Hotels as of 03-Jun-2026 is 72.60.

The latest P/B ratio of HBG Hotels as of 03-Jun-2026 is 0.56.

The 52-week high of HBG Hotels is ₹258.0 and the 52-week low is ₹71.30.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HBG Hotels is ₹28.08 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that HBG Hotels Ltd is a below average quality company.

The key valuation ratios of HBG Hotels Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HBG Hotels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About HBG Hotels Ltd

Phoenix Township Limited is a Public limited company incorporated on February 10, 1993 under the provisions of The Indian Companies Act, 1956. Its shares are listed in Bombay stock exchange. The Registered office is situated at Panjim in the state of Goa.

Business area of the company

The company is engaged in providing Services relating to hotel business.

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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