Key Metrics 
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10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
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About
The Byke Hospitality Ltd (BYKE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531373 NSE: BYKE Hotel, Resort & Restaurants | Small Cap | The Byke Hospitality Share Price
₹32.98 0.43 (1.32%)
As on 07-Jul'26 13:50
The Byke Hospitality Ltd (BYKE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531373 NSE: BYKE Hotel, Resort & Restaurants | Small Cap | The Byke Hospitality Share Price
₹32.98 0.43 (1.32%)
As on 07-Jul'26 13:50
Key Metrics
Valuation Multiples
Market Cap
₹170 Cr.
Current Price
₹33
52-Week Low / High
₹27 / 86
TTM EPS
₹1.3
TTM Sales
₹107 Cr.
Book Value per Share
₹44.3
P/E Ratio
25.38
Lower than its 5-year historical median
Industry PE
42.8
Price to Book (P/B)
0.74
Lower than its 5-year historical median
Price to Sales (P/S)
1.60
Lower than its 5-year historical median
EV/EBITDA
3.70
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.19%
Underperforms industry median
Return on Capital Employed (ROCE)
6.04%
In line with industry median
Return on Assets (ROA)
1.57%
Operating Profit Margin
38.6%
Net Profit Margin
4.75%
Gross Profit Margin
31.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.24%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
5.28%
Net Profit Growth (1 Year)
-
-18.76%
Asset Quality
Promoter Holding
42.25%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹179 Cr.
Equity
₹52.3 Cr.
Face Value
₹10
All Time Low / High
₹0.15 / 220.70
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Quality
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Valuation
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Price Trend
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Is The Byke Hospitality Ltd a good quality company?
The Byke Hospitality Ltd is a average quality company, based on a somewhat consistent 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 The Byke Hospitality Ltd performance compare with that of its Peers?
Revenue growth of The Byke Hospitality Ltd vs industry peers?
The Byke Hospitality Ltd revenue CAGR is -4.58%, compared to the industry median CAGR of 3.58%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of The Byke Hospitality Ltd?
Promoters hold 42.25% of the The Byke Hospitality Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of The Byke Hospitality Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -14.1% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
The Byke Hospitality Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 33.7% | 34.2% | 30.7% | 4.8% | 4.5% | -5.6% | -2.8% | 6.1% | 5.7% | 6% | - |
| Value Creation Index ⓘ | 1.4 | 1.4 | 1.2 | -0.7 | -0.7 | -1.4 | -1.2 | -0.6 | -0.6 | -0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 232 | 270 | 177 | 147 | 122 | 65.6 | 93.3 | 114 | 83.9 | 96.6 | 107 |
| Sales YoY Gr. | - | 16.6% | -34.3% | -17.3% | -16.8% | -46.3% | 42.2% | 22.6% | -26.7% | 15.2% | - |
| Adj EPS ⓘ | 6.5 | 8 | 9 | 1.3 | 1 | -4.5 | -3.2 | 0.6 | 1.2 | 0.8 | 1.3 |
| YoY Gr. | - | 23.5% | 12.4% | -86% | -18.3% | -540.8% | NA | NA | 110.5% | -30.8% | - |
| BVPS (₹) ⓘ | 30.2 | 38.1 | 45.8 | 45.9 | 46.9 | 42.4 | 39.2 | 39.8 | 41.7 | 42.9 | 44.3 |
| Adj Net Profit ⓘ | 25.9 | 32 | 36 | 5.1 | 4.2 | -18.2 | -12.8 | 2.3 | 5.7 | 4.3 | 7 |
| Cash Flow from Ops. ⓘ | 26.8 | 28.2 | 31.3 | 25.5 | 33.4 | 13 | 17.3 | 60.7 | 20.8 | 9.6 | - |
| Debt/CF from Ops. ⓘ | 0.4 | 0.3 | 0.6 | 0.8 | 0.6 | 2.1 | 1.7 | 0.4 | 0.7 | 1.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -9.3% | -4.6% | 1.2% | 15.2% | ||||
| Adj EPS ⓘ | -20.4% | -4.2% | NA | -30.8% | ||||
| BVPSⓘ | 4% | -1.8% | 3.1% | 2.9% | ||||
| Share Price | -14.6% | 2.3% | -5.9% | -61.1% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 23.5 | 23.4 | 21.4 | 2.8 | 2.2 | -10.2 | -7.8 | 1.5 | 3.1 | 2 | 2.9 |
| Op. Profit Mgn % ⓘ | 22.8 | 23.1 | 38.8 | 16.3 | 29.7 | 21.7 | 25.3 | 35 | 42.3 | 38.6 | 44.3 |
| Net Profit Mgn % ⓘ | 11.2 | 11.9 | 20.3 | 3.5 | 3.4 | -27.8 | -13.8 | 2 | 6.7 | 4.5 | 6.3 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 97 | 107 | 207 | 257 | 286 | 540 | 385 | 286 | 371 | 402 | 131 |
| Cash Conv. Cycle ⓘ | 19 | 27 | 60 | 94 | 116 | 211 | 145 | 112 | 141 | 116 | 84 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 232 | 270 | 177 | 147 | 122 | 66 | 93 | 114 | 84 | 97 |
| Operating Expenses ⓘ + | 179 | 208 | 109 | 123 | 86 | 51 | 70 | 74 | 48 | 59 |
| Operating Profit ⓘ | 53 | 62 | 69 | 24 | 36 | 14 | 24 | 40 | 35 | 37 |
| Operating Profit Margin (%) | 22.8% | 23.0% | 38.8% | 16.3% | 29.7% | 21.6% | 25.3% | 35.0% | 42.3% | 38.6% |
| Other Income ⓘ + | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Interest ⓘ | 2 | 1 | 1 | 2 | 7 | 9 | 10 | 10 | 8 | 9 |
| Depreciation ⓘ | 12 | 13 | 14 | 15 | 28 | 26 | 30 | 30 | 25 | 26 |
| Profit Before Tax ⓘ | 40 | 49 | 55 | 8 | 2 | -20 | -16 | 1 | 4 | 4 |
| Tax ⓘ | 14 | 17 | 19 | 3 | -2 | -2 | -3 | -1 | -2 | -0 |
| Profit After Tax | 26 | 32 | 36 | 5 | 4 | -18 | -13 | 2 | 6 | 5 |
| PAT Margin (%) | 11.2% | 11.9% | 20.3% | 3.5% | 3.4% | -27.8% | -13.8% | 2.0% | 6.7% | 4.8% |
| Adjusted EPS (₹) | 6.5 | 8.0 | 9.0 | 1.3 | 1.0 | -4.6 | -3.2 | 0.6 | 1.2 | 0.9 |
| Dividend Payout Ratio (%) | 15.50% | 12.50% | 11.10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Valuation of The Byke Hospitality - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 121 | 153 | 184 | 184 | 188 | 170 | 157 | 160 | 196 | 225 | |
| Debt + | 8 | 6 | 20 | 20 | 20 | 27 | 27 | 24 | 11 | 9 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 6 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | |
| Others Liabilities ⓘ | 24 | 23 | 27 | 14 | 50 | 62 | 75 | 60 | 55 | 84 | |
| Total Liabilities ⓘ | 160 | 187 | 235 | 222 | 263 | 263 | 263 | 247 | 265 | 322 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 84 | 92 | 103 | 106 | 144 | 142 | 147 | 161 | 141 | 174 | |
| CWIP ⓘ | 3 | 2 | 8 | 17 | 18 | 22 | 10 | 6 | 8 | 10 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | |
| Inventories | 6 | 11 | 15 | 18 | 16 | 16 | 17 | 17 | 17 | 13 | |
| Trade Receivables | 18 | 22 | 30 | 29 | 27 | 25 | 25 | 21 | 20 | 21 | |
| Cash Equivalents | 3 | 4 | 11 | 6 | 3 | 3 | 5 | 2 | 19 | 17 | |
| Others Assets ⓘ | 45 | 56 | 68 | 47 | 55 | 56 | 59 | 41 | 56 | 87 | |
| Total Assets ⓘ | 160 | 187 | 235 | 222 | 263 | 263 | 263 | 247 | 265 | 322 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 27 | 28 | 31 | 25 | 33 | 13 | 17 | 61 | 21 | 10 |
| Cash Flow From Investing Activity ⓘ + | -18 | -19 | -30 | -24 | -22 | -8 | -0 | -40 | -23 | -7 |
| Cash Flow From Financing Activity ⓘ + | -8 | -8 | 6 | -7 | -15 | -5 | -15 | -23 | 7 | -4 |
| Net Cash Flow ⓘ | 1 | 1 | 7 | -5 | -3 | 0 | 2 | -3 | 5 | -2 |
Financial Ratio
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.45 | 23.38 | 21.4 | 2.75 | 2.23 | -10.19 | -7.84 | 1.45 | 3.18 | 2.19 |
| ROCE (%) | 33.74 | 34.2 | 30.67 | 4.82 | 4.5 | -5.61 | -2.83 | 6.14 | 5.71 | 6.04 |
| Asset Turnover Ratio | 1.57 | 1.56 | 0.84 | 0.64 | 0.5 | 0.25 | 0.35 | 0.45 | 0.33 | 0.33 |
| PAT to CFO Conversion(x) | 1.04 | 0.88 | 0.86 | 5 | 8.25 | N/A | N/A | 30.5 | 3.5 | 2 |
| Working Capital Days | ||||||||||
| Receivable Days | 25 | 27 | 53.40 | 72.50 | 82.90 | 144.20 | 98 | 73.40 | 88.90 | 78.20 |
| Inventory Days | 9.70 | 11.50 | 26.30 | 40.20 | 50.80 | 89.60 | 63.80 | 53.50 | 72.60 | 55.30 |
| Payable Days | 104.30 | 74.50 | 54.90 | 50.10 | 66.20 | 120.40 | 75.20 | 63.20 | 104 | 81.70 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
The Byke Hospitality Ltd FAQs
The current trading price of The Byke Hospitality on 07-Jul-2026 13:50 is ₹32.98.
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 06-Jul-2026 the market cap of The Byke Hospitality stood at ₹170.2 Cr
The latest P/E ratio of The Byke Hospitality as of 06-Jul-2026 is 25.38.
The latest P/B ratio of The Byke Hospitality as of 06-Jul-2026 is 0.74.
The 52-week high of The Byke Hospitality is ₹85.90 and the 52-week low is ₹26.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of The Byke Hospitality is ₹107 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that The Byke Hospitality Ltd is a average quality company.
The key valuation ratios of The Byke Hospitality Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of The Byke Hospitality Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About The Byke Hospitality Ltd
The Byke Hospitality is one of the leading names in India’s mid-market hospitality sector, catering to the evolving needs of modern travellers. It has multiple hotels across different states, which it owns, manages, and operates through strategic lease and management contracts. The company’s range of properties includes everything from charming hotels and luxurious resorts in popular tourist hotspots to sophisticated service apartments and business-oriented hotels in bustling metropolitan areas.
The company generally manages properties under long-term operating leases (10-20 years). The refurbishment and rebranding are completed during the rent-free period of 3-6 months, followed by a focus on better management, marketing, and distribution capabilities across room sales and F&B/event revenues. Besides, the company is committed to offering an exclusive vegetarian dining experience in its restaurants and banquets. This choice resonates with many Indian travellers and international guests alike. This unique focus has positioned The Byke as a favoured destination in the competitive hospitality landscape.
The company was incorporated on March 29, 1990 as ‘Kotawala Financial Consultancy Private Limited’. On March 20, 1995, the company was converted into public limited company with the name of ‘Kotawala Securities Limited’ and in November 1995 offered public to participate in the company's equity by way of its maiden IPO. In 2002, the company launched its ‘Hotels’ business. Further, the name of the company was changed to ‘Suave Hotels’ from ‘Kotawala Securities’ in 2007. The name of the company was again changed to ‘The Byke Hospitality’ from ‘Suave Hotels’ in 2012.
Business area of the company
The company is engaged in the business of Hospitality.
Awards, accreditations and recognition
- 2011: The company ranked as ‘The India’s Top 400 Small Cap Companies in 2010 by Dalal Street.’
- 2014: The company’s Hotel ‘THE BYKE OLD ANCHOR - Goa’ received an ‘AWARD FOR EXCELLENCE in the category of GOLD STANDARD HOTELFOR YOUTH HOLIDAY - 2013’ at Moscow - Russia.
- 2015: The company achieved the distinction of being among the 11 companies from India that have made it to the top 200 Asia Pacific corporations in Forbes Asia’s ‘Best Under a Billion’ list in 2015.
- 2016: The company received an award for contribution to promote vegetarian hotels in India at 11th Hospitality India & Explore the World Annual International Travel Awards, 2015, New Delhi.
- 2016: The company awarded the ‘Best Pure Vegetarian Hotel Chain in India’ at the 11th Hospitality India & Explore the World Annual International Travel Awards.
- 2016: The company figured in Forbes Asia’s ‘Best Under a Billion’ list for the second successive year.
- 2018: The company was given the ‘Best Pure Vegetarian Hotel Chain India’ award at the eleventh Hospitality India & Explore the World Annual International Travel Awards.
- 2019: The company’s two properties received the ‘2019 Certificate of Excellence’ from TripAdvisor.
- 2019: The company joined Veggie Hotels as a member.
- 2019: Four Restaurants of the company received the Distinguished Restaurant Awards 2018 which recognizes industry expert who are part of the diverse restaurant industry.
- 2019: The company was awarded the India’s Best Value for Money Hotel Award 2018 at the India International Tourism Industry Awards, 2018.
- 2019: The company was awarded with the Iconic Pure Vegetarian Hotels & Resorts Group award at the Iconic Pure Vegetarian Hotels and Resorts Awards 2018 held in Mumbai.
- 2022: Leadership Excellence Award for being the ‘Leading Pure Vegetarian Hotel Chain of the year - 2022’, by WBR.
- 2022: Recognised as the ‘Fastest growing Affordable Luxury Hotel chain of the year - 2022’ in the Hospitality Sector by WBR.
- 2023: The company received Annual International Travel Award.
- 2023: Recognised as one of the Business transformation Leaders 2022 by the Economic Times.
- 2023: Recognised as the 'Fastest growing Affordable Luxury Hotel Chain of the Year - 2022' in the Hospitality sector by WBR.
- 2023: The company received Leadership Excellence Award for being the 'Leading Pure VEGETARIAN Hotel Chain of the Year-2022' by WBR.
- 2024: The company was awarded with the WBR Iconic Achievers Awards 2023 Being chosen as the ‘Most Affordable Pure Veg Hotel Chain’ in India.
- 2024: The company received award for Midday Food & Hospitality Game Changers for ‘The Best Pure Veg Hotels & Resorts Chain of the Year 2023’.
- 2025: The company received ‘Best Cafe Premium Dining (Thane) - Editor's Choice’.
- 2025: The company received ‘Most Innovative Cafe & Ambience of the Year-2025’.
- 2025: The company was recognised as ‘Among Best Cloud Kitchen - 2025’.
- 2025: The company was received ‘(Global Cuisine) Best Fine Dine Restaurant of the Year - 2025’.
- 2025: The company received ‘Most Innovative Cafe & Ambience of the Year - 2025’.
- 2025: The company received ‘The Luxury Catering Services in India 2025’.
History and milestones
- 1990: Incorporation of the company as ‘Kotawala Financial Consultancy Private Limited’.
- 1995: The company was converted into public limited company with the name of ‘Kotawala Securities Limited’.
- 2002: The company launched its ‘Hotels’ business with the acquisition of a hotel in Mahabaleshwar, which was rechristened ‘Kotawala Welcome group Hotel Shital’.
- 2006: The company acquired a hotel on Calangute Beach, Goa.
- 2007: The name of the company was changed to ‘Suave Hotels’ from ‘Kotawala Securities’.
- 2007: The company fully renovated its ‘Hotel Sunflower’.
- 2007: The company incorporated a wholly owned subsidiary -- ‘Svelte Restaurants Private Limited’.
- 2008: The company acquired land adjacent to the existing property, ‘Hotel Sunflower Beach Resort’, Goa, with a plan to expand the existing facility with the addition of 30 rooms, convention hall, banquet hall and restaurant.
- 2011: The company decided to create a chain of hotels through a single brand namely ‘The Byke’.
- 2012: The name of the company was changed to ‘The Byke Hospitality’ from ‘Suave Hotels’.
- 2012: The company entered into a Lease contract to manage hotels -- The Byke - Old Anchor, Goa and The Byke - Redwood, Matheran, under ‘The Byke’ brand.
- 2012: The company launched ‘The Ayurvedic Massage & Spa’ in its Hotel, The Byke - Old Anchor, Goa.
- 2012: The company successfully completed renovation of one of its resorts ‘The Byke - Old Anchor’, Goa.
- 2013: The company entered into a Lease contract to operate two new hotels -- The Byke - Neelkanth in Manali and The Byke - Hidden Paradise in Goa, under ‘The Byke’ brand.
- 2013: The company achieved turnover of more than Rs 100 crore.
- 2015: The company added ‘Byke Grassfield’ in Jaipur under the O&L model.
- 2015: The company added ‘Byke Suraj Plaza’ in Thane on a long-term lease.
- 2016: The company commenced operations of Thane Property.
- 2017: The company added ‘The Byke Riddhi Inn’ in Udaipur.
- 2017: The company added ‘The Byke Delotel’ in Mumbai.
- 2018: The company exited two properties -- ‘The Byke Sunflower’ and ‘The Byke Hidden Paradise’.
- 2019: The company concluded 4 new leases in Cochin, Ooty, Thane and Bhavnagar.
- 2019: The company entered the business of project management, where it leveraged its understanding of hotel property management to advise prospective hotel owners on how to maximise room occupancy and operating efficiency.
- 2021: The company onboarded all its restaurants on digital food platforms such as Swiggy, Zomato and many others for the convenience of their guests.
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