| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 309 | 800 | 862 | 901 |
| Cost of Material Consumed | 30 | 77 | 84 | 88 |
| Change in Inventory | 0.1 | 0 | 0 | -0.06 |
| Gross Margins | 90.26 | 90.38 92 | 90.26 | 90.24 |
| Employee Benefit Expenses | 50 | 92 | 112 | 129 |
| Other Expenses | 119 | 275 | 304 | 305 |
| EBITDA | 109.9 | 356 | 362 | 379.06 |
| OPM | 35.57 | 44.5 | 42 | 42.07 |
| Other Income | 5.7 | 30 | 39 | 16 |
| Finance Cost | 176 | 185 | 202 | 188 |
| D&A | 65 | 68 | 59 | 55 |
| EBIT | 44.9 | 288 | 303 | 324.06 |
| EBIT Margins | 14.53 | 36 | 35.15 | 35.97 |
| PBT | -125 | 134 | 141 | 152 |
| PBT Margins | -40.45 | 16.75 | 16.36 | 16.87 |
| Tax | -66 | 85 | 56 | 67 |
| PAT | -59 | 49 | 85 | 85 |
| NPM | -19.09 | 6.13 | 9.86 | 9.43 |
| EPS | -7.77 | 6.46 | 11.19 | 11.19 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 35.57 | 44.5 | 42 | 42.07 |
| Net Profit Margin | -19.09 | 6.13 | 9.86 | 9.43 |
| Earning Per Share (Diluted) | -7.77 | 6.46 | 11.19 | 11.19 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 1277 | 1624 | 1593 | 1561 |
| 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 | 362.97 |
| Total Assets | 2565 | 2474 | 2337 | 2248 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 75.9 | 75.9 | 75.99 | 75.99 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 726 | 699 | 785 | 868 |
| Borrowings | 1338 | 1347 | 1107 | 922 |
| Trade Payables | 77 | 82 | 89 | 108 |
| Other Liabilities | 348.1 | 270.1 | 280.01 | 274.01 |
| Total Liabilities | 2565 | 2474 | 2337 | 2248 |
| Cash-Flow Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| PBT | -125 | 134 | 141 | 152 |
| OPBWC | 134 | 353 | 361 | 377.5 |
| Change in Receivables | 4.6 | -18 | 14 | 4 |
| Change in Inventories | 0.9 | -1 | 1 | 1.36 |
| Change in Payables | -7.5 | 1 | 15 | 18 |
| Other Changes | 2.7 | 3 | 12 | 0.14 |
| Working Capital Change | 0.7 | -15 | 42 | 23.5 |
| Cash Generated From Operations | 134.7 | 338 | 403 | 401 |
| Tax | 1 | -22 | -28 | -28.6 |
| Cash Flow From Operations | 135.7 | 316 | 375 | 372.4 |
| Purchase of PPE | -9 | -18 | -26 | -19.21 |
| Sale of PPE | 0.4 | 49 | 47 | 0.15 |
| Cash Flow From Investment | -27.6 | 33 | 37 | -7.6 |
| Borrowing | 76 | -182 | -245 | -30 |
| Dividend | 0 | -0.02 | -0.03 | -0.04 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -152 | -187 | -176.97 | -347.96 |
| Cash Flow from Financing | -76 | -369.02 | -422 | -378 |
| Net Cash Generated | 32.1 | -20.02 | -10 | -13.2 |
| Cash at the Start | 20 | 69 | 50 | 40.2 |
| Cash at the End | 52.1 | 48.98 | 40 | 27 |
Bharat Hotels Limited (BHL), a prominent Indian hospitality company operating luxury hotels under the “The LaLiT” brand, currently offers its shares in the unlisted market, meaning they are not publicly traded on any stock exchange. (armssecurities.com) The company’s unlisted shares carry ISIN INE466A01015, with a face value of ?10 per share and a total outstanding share capital of approximately 75.99 million shares. (InstaFinancials) As per recent data, the share price in this unlisted segment has ranged roughly between ?300–?400 per share, although these quotes stem from platforms that deal in grey-market trades and thus may lack full regulatory transparency. (Unlisted Zone)
From a financial perspective, BHL has shown a turnaround post-pandemic: revenue climbed from about ?800 crore in FY 2022-23 to approximately ?862 crore in FY 2023-24, and the company moved from losses to a reported PAT of around ?85 crore in FY 2023-24. (bharatinvest.com) The company also secured a large investment of over ?1,100 crore from Kotak Realty Fund in 2023 to help refinance debt and bolster its operations. (Unlisted Zone) Nonetheless, investing in BHL’s unlisted shares carries typical risks associated with unlisted securities: limited liquidity (difficulty in finding a buyer), fewer regulatory disclosures compared to listed companies, and uncertainty regarding if or when the company might choose to list publicly. (armssecurities.com)
If you’d like, I can check the latest grey-market price, lot size, and how it compares with potential IPO listing prospects for BHL.
Q 1 How do I confirm the booking of Bharat Hotels Unlisted Shares?Answer: You can confirm the booking by reaching out to us and agreeing on a trading price for the Bharat Hotels Unlisted Shares.
Q 2 What documents do I need to provide to purchase Bharat Hotels Unlisted Shares?Answer: You need to provide your client master report, PAN Card, and a cancelled cheque if you are not transferring funds from the bank account mentioned in the CMR Copy.These are KYC documents required as per SEBI regulations.
Q 3: How do I transfer the payment for the shares?Answer: We will provide you with our bank details, and you need to transfer the funds via RTGS, NEFT, IMPS, or cheque transfer.Please note that cash deposits are not accepted.
Q 4 Can I make a cash deposit for the payment?
Answer: No, cash deposits are not accepted.You must use RTGS, NEFT, IMPS, or cheque transfer for the payment.
Q 5 From which bank account should I make the payment?
Answer: Payment must be made from the same bank account in which the shares are to be credited.
Q 6 What is a client master report (CMR)?Answer: A client master report (CMR) is a document that contains details about your trading account, including your personal information and the bank account linked to it.You can ask your broker for this document if you do not have it.
Q 7 Is there a specific payment method required for the share purchase?Answer: Yes, the payment must be done through RTGS, NEFT, IMPS, or cheque transfer, and it must come from the bank account where the shares will be credited.