Graviss Hospitality Ltd (GRAVISSHO)
๐ฏ Key Takeaways
- Graviss Hospitality Ltd is a small-cap company in the hotels and restaurants sector, currently in a turnaround or restructuring phase marked by persistent losses and negative profitability trends. Despite promoter holding stability, the company reported a net loss of โน63.
- Revenue declined 31.1% QoQ to โน14 in Q1FY27.
- โ ๏ธ 1) Persistent unprofitability with negative EPS and declining revenue trends despite sector tailwinds. 2) Inconsistent operational performance, as see
- Market Cap
- โน238
- P/B Ratio
- 1.24
- ROE
- 0.0%
- ROCE
- 1.5%
- Debt/Equity
- 0.03
- Promoter
- 74.9%
๐ The Story
Graviss Hospitality Ltd is a small-cap company in the hotels and restaurants sector, currently in a turnaround or restructuring phase marked by persistent losses and negative profitability trends. Despite promoter holding stability, the company reported a net loss of โน63.38 lakhs in FY2025-26, reversing a โน939.93 lakh profit the prior year, with EPS at โน0.09. Management cites sector tailwinds and operational efficiency initiatives as pathways to profitability, but financial performance remains weak, with declining revenue trends and negative operating margins in recent quarters.
๐ฐ What's Happening
In FY2025-26, the company recorded total income of โน6,310.68 lakhs, driven by growth in room sales and food & beverage segments, though this was offset by a net loss. Management emphasized digitalization, sustainability, and operational efficiency as strategic levers. Quarterly filings show volatile performance: revenue peaked at โน20 lakhs in Mar 2026 with โน3 lakh operating profit, but declined to โน12 lakhs in Sep 2025 with a โน1 lakh loss. The company has not recommended dividends and maintains a conservative capital structure with negligible debt.
Source: Stock Announcements
๐ Quarterly Results (โน Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 12 | 19 | 20 | 14 |
| Operating Profit | -2 | 3 | 3 | -2 |
| OPM % | -17.0% | 17.0% | 13.9% | -12.7% |
| Net Profit | -1 | 3 | -0 | -2 |
| EPS | โน-0.18 | โน0.42 | โน-0.02 | โน-0.22 |
Revenue has fluctuated over the last four quarters, peaking at โน20 lakhs in Q4 2025 before declining to โน14 lakhs by June 2026, accompanied by widening losses and negative operating margins. Despite a brief return to profitability in Dec 2025 (โน3 lakh net profit), the company has since reverted to losses, indicating inconsistent execution or external headwinds. Management attributes future improvement to efficiency gains, but current trends suggest profitability remains distant without structural cost control or revenue stabilization.
๐ฎ Management Outlook & What's Next
In the annual filing, management highlighted continued growth in domestic travel demand and outlined a strategic focus on digitalization, sustainability, and operational efficiency to drive future profitability. However, no specific financial targets, timelines, or investment plans were disclosed. The outlook remains cautiously optimistic on sector tailwinds but lacks concrete execution roadmap or near-term guidance for returning to profitability.
Extracted from official company announcements. Not StockFin.ai's opinion.
๐ฆ Balance Sheet (โน Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 |
| Reserves | 178 | 173 | 178 | 175 |
| Borrowings | 11 | 9 | 6 | 12 |
| Total Liabilities | 229 | 219 | 229 | 226 |
| Fixed Assets | 198 | 186 | 204 | 200 |
| Investments | 9 | 7 | 9 | 6 |
| Total Assets | 229 | 219 | 229 | 226 |
The balance sheet shows stable equity of โน14 lakhs and modest growth in reserves, while total assets remain flat around โน226-229 lakhs. Borrowings have increased slightly from โน5 to โน12 lakhs over the past year, but remain negligible relative to asset size. There is no evidence of aggressive capital expenditure or deleveraging; the company appears to be funding operations conservatively, with minimal financial risk but limited capacity for strategic investment.
๐ฐ Cash Flow Statement (โน Cr)
| Item | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | +3 | +8 |
| Investing | -5 | -9 |
| Financing | +2 | +0 |
| Net Cash Flow | +1 | -0 |
๐ฅ Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 74.9% | 74.9% | 74.9% | 74.9% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 8.2% | 8.2% | 8.2% | 8.8% |
| # Shareholders | 3,497 | 3,473 | 3,465 | 3,589 |
Promoter holding remains stable at 74.92% across all quarters from Q2FY26 to Q1FY27, indicating no dilution or stake sale. However, FII and DII holdings are consistently zero, and public shareholding has slightly declined from 8.24% to 8.75%, with the number of shareholders increasing marginally. The lack of institutional interest and stagnant promoter stake suggest limited investor confidence or liquidity, reinforcing the company's niche, low-profile profile.
โ๏ธ Peer Comparison โ Hotels & Restaurants
| Company | MCap (โน Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| INDHOTEL | 1.02 L Cr | 47.4 | 24.8% | โ | 0.00 |
| ITCHOTELS | 33,380 | 38.5 | 10.2% | โ | 0.00 |
| EIHOTEL | 18,895 | 26.6 | 20.6% | โ | 0.00 |
| CHALET | 18,429 | 34.9 | 15.3% | โ | 0.84 |
| THELEELA | 17,833 | 29.4 | 9.0% | โ | 1.03 |
| VENTIVE | 13,172 | 27.5 | 13.2% | โ | 0.48 |
| LEMONTREE | 8,259 | 35.1 | 18.5% | โ | 1.08 |
| ITDC | 5,625 | 68.6 | 27.2% | โ | 0.00 |
| JUNIPER | 4,745 | 28.6 | 8.6% | โ | 0.26 |
| MHRIL | 3,944 | 74.2 | 14.8% | โ | 1.59 |
๐ Peer Stock Analyses
โ ๏ธ Risk Factors
1) Persistent unprofitability with negative EPS and declining revenue trends despite sector tailwinds. 2) Inconsistent operational performance, as seen in quarterly revenue and margin fluctuations. 3) Lack of institutional or DII interest may limit liquidity and market depth. 4) Reliance on discretionary travel demand makes the business vulnerable to macroeconomic or policy shifts affecting domestic tourism.
๐ Recent Filings
- Announcement2026-09-25Graviss Hospitality Ltd announced that its trading window will close on 1 October 2026 and remain closed until 48 hours after the release of unauditedโฆ
- ๐ด annual report2026-08-31Graviss Hospitality Limited reported a net loss of [amount context mismatch] lakhs for FY2025-26, down from a โน939.93 lakh profit in the prior year, wโฆ
- ๐ก Board Meeting2026-08-31Graviss Hospitality Ltd announced its 65th Annual General Meeting scheduled for September 23, 2026 at 12:30 p.m. IST via video conference, allowing shโฆ
๐ง Analyst's Read
Graviss Hospitality remains a small, promoter-held company with minimal institutional coverage and volatile financial performance. While management cites structural improvements and sector tailwinds, the absence of profitability and weak operational momentum suggests a long, uncertain path to recovery. Investors should monitor quarterly execution, cost discipline, and any shift in capital allocation strategy before reconsidering the company's turnaround potential.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only โ not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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