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Taj Gvk Hotels & Resorts Ltd

₹ 4241.62%
07 Jan – close price
🔗tajgvk.in•BSE: 532390•NSE: TAJGVK
Market Cap₹ 2,658 Cr.
Current Price₹ 424
High / Low₹ 540
Stock P/E21.8
Book Value₹ 108
Dividend Yield0.47 %
ROCE20.8 %
ROE16.2 %
Face Value₹ 2.00
Sales₹ 465 Cr.
OPM31.9 %
Mar Cap₹ 2,658 Cr.

ABOUT

TajGVK Hotels & Resorts Limited, incorporated in 1995, is a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL). The Company is engaged in the business of owning, operating & managing hotels, palaces, and resorts under the brand name of “TAJ”[1][2]

KEY POINTS

Hotel OperatorThe company is a JV between Hyderabad-based GVK Group and The Indian Hotels Company Ltd(IHCL). IHCL is a TATA enterprise that operates the largest chain of hotels in South Asia. It also manages the operations of all the 6 properties under the company. IHCL is a promoter with a 25.52% stake in the company as of Jun 24.[1][2][3]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsCredit Rating UpdatesCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Indian Hotels Co715.3560.38101902.380.31318.26-9.122040.8911.7617.219040.1632.791687.62284.928.8010.980.28
2.ITC Hotels197.3655.6941086.650.00133.2974.31839.487.919.633731.0434.40737.74132.773.725.670.01
3.EIH354.9529.1122184.850.42116.56-17.77597.941.5223.432799.1436.48762.10108.024.7214.700.05
4.Chalet Hotels878.9033.2819249.380.11154.82211.81735.3195.0211.132609.6242.25578.38154.845.632.200.73
5.Ventive Hospital760.0576.8817797.770.0064.24193.44489.3389.7411.732228.7144.30231.4952.573.573.100.52
6.Leela Palaces Hotels420.9580.6514027.890.0074.73246.02310.6512.0911.981300.5745.7548.0474.722.290.620.28
7.Lemon Tree Hotel152.7955.0412112.890.0041.9316.73306.287.7012.981355.7548.57220.0634.609.796.001.67
8.TajGVK Hotels424.1521.752657.890.4723.5119.64107.181.9120.80465.2731.88122.2223.513.9411.400.12
–Median: 45 Co.236.8841.77853.660.03.616.7355.717.3711.76193.5628.4419.013.63.454.190.28

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
10511112792931061041161258989105107
Expenses
72717765667578759258687674
Operating Profit
33405026273225413331222934
Other Income
012022231625122
Profit before tax
26354619234921353448162632
Tax %
33%30%26%32%44%27%30%26%16%34%30%24%25%
Net Profit
17243413133614262932112024
EPS in Rs
2.763.865.402.112.035.782.304.124.565.121.783.133.75

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
24424827026428831731394227384408450465
Expenses
19219920720621724823896175265278311317
Operating Profit
51496358726974-252119130139148
Other Income
5228371312921232
Interest
232831292522232019151396
Depreciation
25251818171717171615141313
Profit before tax
9-21519323836-3619118105129161
Net Profit
5-2810212424-2610807495122
EPS in Rs
0.79-0.311.311.663.353.883.80-4.221.5812.7311.8715.1319.49
Dividend Payout %
25%-0%31%24%18%15%-0%-0%-0%8%13%13%–

Compounded Profit Growth

10 Years:48%
5 Years:32%
3 Years:112%
TTM:48%

Compounded Sales Growth

10 Years:6%
5 Years:8%
3 Years:26%
TTM:9%

Return on Equity

10 Years:8%
5 Years:10%
3 Years:16%
Last Year:16%

Stock Price CAGR

10 Years:15%
5 Years:25%
3 Years:28%
1 Year:-1%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
13131313131313131313131313
Reserves
336334343350368388399372382462530615662
Borrowings
2322862702552271972092252141411084483
Other Liabilities
8695106121140122122113123155162181194
Total Liabilities
667727731738748719743723731770812852951
Fixed Assets
430408454440427416436423409455442433426
Gross Block
625.21626.64472.52476.73480.13485.54521.04523.81524.11584.00580.73583.35–
Accumulated Depreciation
195.24219.0118.5036.3653.5569.8585.41100.79115.48129.24138.61150.84–
CWIP
5775707781929187864379116183
Investments
51110110110110110110110110110110110110
Other Assets
12913496111130101106102127162181193232
Total Assets
667727731738748719743723731770812852951

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
61546261755975553100123116
Cash from Investing Activity
-37-78-17-11-8-16-3-01-17-99-19
Cash from Financing Activity
-2424-45-47-55-56-66-2-31-79-52-84
Net Cash Flow
0-10211-1363234-2813

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
141918162421183715221714
Inventory Days
12093–106997990228107777279
Days Payable
336383–5657214534901,580784703739872
Cash Conversion Cycle
-202-27218-443-597-353-382-1,316-662-605-650-779
Working Capital Days
-69-52-46-66-79-60-49-283-132-36-51-31
ROCE %
5%4%7%7%9%10%10%-3%6%22%19%21%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
74.99%74.99%74.99%74.99%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%
FIIs
0.52%0.33%0.93%0.94%0.80%0.70%0.82%0.76%1.68%1.75%0.83%1.01%
DIIs
4.42%4.22%4.27%3.60%3.46%2.96%2.69%1.44%2.60%3.96%3.63%1.75%
Public
20.08%20.44%19.80%20.47%20.75%21.34%21.49%22.80%20.72%19.31%20.56%22.26%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

TAJ GVK Hotels & Resorts files SEBI Compliance Report on Share Transfers

9th April 2026, 3:52 pm

TAJGVK Hotels & Resorts files SEBI compliance certificate for March 2026 quarter

8th April 2026, 4:14 pm

TAJGVK: Trading Window to Close from April 1 for Q4 Results Approval

24th March 2026, 7:31 pm

TAJGVK Announces Special Window for Physical Share Re-lodgement and Demat

27th February 2026, 5:36 pm

TAJGVK Hotels faces ₹9.12 lakh VAT demand post-appeal dismissal, company states no operational impact

23rd February 2026, 10:33 pm

Published by Other Websites

External media mentions & references

Big Wins & Deals: PowerGrid EV Charging, Hyundai Taxi, RITES Orders & More Buzzing Indian Stocks!

31st December 2025, 8:06 am

IHCL Sells Taj GVK Stake for ₹592 Crore, Pivots to Asset-Light Growth Strategy

30th December 2025, 9:38 pm

Promoters Exit Taj GVK Hotels: Huge Stake Sale Sparks Investor Jitters!

30th December 2025, 9:15 pm

IHCL Exits Taj GVK Stake: Major Hotel Shake-up Unfolds – What It Means for Hotel Stocks!

30th December 2025, 8:10 pm

Shalini Bhupal Buys Taj GVK Stake for ₹592 Cr, IHCL Exits! What Happens Next?

30th December 2025, 7:45 pm

News Articles

Editorial & research coverage

Promoters Exit Taj GVK Hotels: Huge Stake Sale Sparks Investor Jitters!
Promoters Exit Taj GVK Hotels: Huge Stake Sale Sparks Investor Jitters!

30th December 2025, 9:15 pm

Shalini Bhupal Buys Taj GVK Stake for ₹592 Cr, IHCL Exits! What Happens Next?
Shalini Bhupal Buys Taj GVK Stake for ₹592 Cr, IHCL Exits! What Happens Next?

30th December 2025, 7:45 pm

TAJGVK Hotels Posts Record 9M Profit Amid Expansion, Q3 Dip Due to One-Offs
TAJGVK Hotels Posts Record 9M Profit Amid Expansion, Q3 Dip Due to One-Offs
IHCL Q3 Profit Soars 96% on Taj GVK Stake Sale; Acquisitions Boost Growth
IHCL Q3 Profit Soars 96% on Taj GVK Stake Sale; Acquisitions Boost Growth
TAJGVK Hotels Buys Majority Control of Taj Santacruz for ₹16 Crore
TAJGVK Hotels Buys Majority Control of Taj Santacruz for ₹16 Crore

Documents

Announcements

Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

4h - Moonshot and Starlight pledged 67,37,967 shares each (10.75%) to 360 ONE PRIME LTD on 22.12.2025.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

1d - RTA certificate confirming dematerialisation records updated for quarter ended 31.12.2025, dated 05.01.2026.

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Sale Of Promoter Group Equity Shares Through Open Market

31 Dec - Moonshot Trust and Starlight Trust sold 1,250,000 shares each (~1.99% each) on 30-Dec-2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2012

(from nse)

Credit Ratings

Rating update

23 Dec from fitch

Rating update

6 Oct 2023 from icra

Rating update

28 Jun 2023 from fitch

Rating update

7 Oct 2022 from icra

Rating update

30 Mar 2022 from fitch

Rating update

23 Aug 2021 from icra

Concalls

No concalls.

Stock Analysis

Description

TAJGVK Hotels & Resorts Limited operates in the hospitality sector, managing hotels and resorts. It is a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL).

Key Growth Triggers

  1. Strong Q1 FY26 financial performance with record revenue and significant PAT growth reported in prior announcements.
  2. Ongoing development of a new 5-star luxury hotel in Yelahanka, Bengaluru, under IHCL management.
  3. Strategic shift in partnership with IHCL to long-term management agreements following IHCL's stake divestment.
  4. Credit rating upgrade to 'IND A+/Stable' by India Ratings & Research.

Key Red Flags

  1. Disputed demand notice of ₹12.59 Cr from TGSPDCL for past electricity charges.
  2. Reported IT security incident involving malware detection impacting select IT systems.
  3. Previous GST demand and penalty for FY21-22.

Key Dates To Watch

  1. The 30th Annual General Meeting (AGM) was scheduled for September 12, 2025.
  2. Board meetings were scheduled for September 9, 2025, and November 3, 2025, to approve financial results.

Corporate Announcements

9th Apr 26
Impact Rating: 3
TAJ GVK Hotels & Resorts confirms compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A Practicing Company Secretary certified that share transfers were processed within 30 days for the period ending March 31, 2025.
8th Apr 26
Impact Rating: 7
TAJGVK Hotels & Resorts Limited has submitted its quarterly SEBI compliance certificate to the Bombay and National Stock Exchanges, confirming proper dematerialisation of securities for the period ending March 31, 2026.
24th Mar 26
Impact Rating: 5
TAJGVK Hotels & Resorts announced its trading window will close from April 1, 2026, until after its May Board meeting approves Q4 FY26 financial results and considers dividend.
27th Feb 26
Impact Rating: -
No description available.
23rd Feb 26
Impact Rating: 8
TAJGVK Hotels & Resorts is to pay ₹9,12,035 in outstanding VAT demands for its Taj Krishna and Taj Deccan properties after appeals failed, with the company asserting no impact on operations.