Praveg Ltd is an Indian based experiential service firm that functions within hospitality, events, and advertisement divisions. The company has positioned itself in destination-led tourism with the known reputation of organizing large government events and creating eco-luxury resorts in the premium tourist spots. As it increases its visibility in such historic places as the Statue of Unity, Diu and Lakshadweep, Praveg concentrates on experience-driven tourism and infrastructure-supported development.
This article will provide complete information about Praveg Share Price, company background, share performance, financial performance, business segments, risks, and future outlook.
Praveg Ltd Company Overview
Praveg Ltd is an Indian based experiential services firm dealing in events & exhibitions, advertising and eco-luxury hospitality. The company was established in 1992 and has been changing several times through the years. It was originally called Sword and Shield Pharma, then changed its name to Praveg communications (India) and then it changed its name to Praveg Ltd in 2022 to change its diversified identity in the business. The hospitality division has become the core of the expansion strategy of Praveg. By FY26, the company will have 17+ resorts and over 825 rooms in the form of tents, cottages and experience stays. The leadership is of importance to the strategic direction of the company.
Praveg is led by its Chairman and Managing Director, Dr. CA Vishnukumar Vitthaldas Patel, who brings over 30 years of experience across advertising, infrastructure, and tourism projects, while aligning the company closely with government tourism initiatives. Additionally, Praveg has acquired a 51% stake in Abhik Advertising and Bidhan Advertising to strengthen its advertising vertical and expand its presence in outdoor and media-based promotions.
| Particulars | Details |
| Company Name | Praveg Ltd |
| BSE Code | 531637 |
| Sector | Hospitality, Events, Advertising |
| Founded | 1992 |
| Headquarters | Ahmedabad, Gujarat |
| Chairman & MD | Dr. CA Vishnukumar V. Patel |
| Business Segments | Events & Exhibitions, Eco-Luxury Hospitality, Advertising |
| Resorts Operated | 17+ |
| Total Rooms | 825+ |
| Market Capitalisation (Jan 2026) | ~₹714–751 crore |
| Listing | BSE Only |
| Promoter Holding | ~45.5% (No pledge) |
Praveg Share Price Details (January 2026)
The share price of Praveg ltd has experienced extreme volatility in the past one year. The stock decreased to its current level of about 746 after reaching an all-time high of close to 746 in FY25 after the dismal quarterly performance and increasing losses on account of expansion related expenses. Praveg Ltd was at 273.05 on BSE on January 19, 2026, and gained 4.94 per cent in a one-day fall. The fall is an indication of poor market sentiment, further losses in H1 FY26, and technical selling pressure. Share price is near its 52-week bottom of 252, which underscores the rate at which investor expectations are being re-established downwards. During down days, volumes have been on the rise and this shows that traders as well as short term investors are involved in the trading.
| Metric | Value |
| Current Price (Jan 19, 2026) | ₹273.05 |
| Previous Close | ₹287.25 |
| Day High | ₹287.15 |
| Day Low | ₹270.10 |
| Market Capitalisation | ~₹714 crore |
| 52-Week High | ₹746 |
| 52-Week Low | ₹252 |
| Volume | 65,550 shares |
| Beta | ~3.95 (High Volatility) |
Praveg Share Price 2026-2030
Although it has been weak in the recent past, the long-term returns of Praveg say otherwise. The stock has given three-bagger returns, over a span of five years, owing to its shift towards hospitality and government-sponsored tourism projects. The past year has been excruciating, where the stock has depreciated almost 58-63 percent of its peaks. This has been corrected primarily through the decline in profit, escalating debt-financing capex, and late breakeven at new resorts.
| Time Period | Return (%) | Key Reason |
| 1 Week | -6.7% | Selling pressure post Q2 loss |
| 1 Month | -15% | Bearish technical indicators |
| 6 Months | -40% | Expansion costs |
| 1 Year | -58% | H1 FY26 losses |
| 3 Years | -7% | Volatility |
| 5 Years | +460% | Hospitality pivot |
Praveg Share Price Financial Performance Overview
The financial situation of Praveg is a two-sided one. Revenues have increased on a booming pace on one hand, and on the other, profitability has been affected negatively because of high investments.
In FY25, the company registered 174 crore in revenue, which increased by 84 percent on a year-on-year basis, mainly as a result of new resort additions and higher government event contracts. The net profit during the year was 16 crore which equated to an EPS of 6.33.
However, H1 FY26 became unprofitable, as a new number of properties were in the ramp-up stage. Margins were affected by the fixed lease payments in PPP models, employee expenses, advertising expenses, and seasonal shutdowns.
| Metric | Value |
| Revenue | ₹174 crore |
| YoY Growth | +84% |
| EBITDA | ₹57 crore |
| EBITDA Margin | ~33% |
| Net Profit | ₹16 crore |
| EPS | ₹6.33 |
| ROE | ~4% |
| Debt-to-Equity | 0.19 |
| Operating Cash Flow | ₹33 crore |
Praveg Share Price BSE Listing Status
The Praveg Ltd is listed and traded on the Bombay Stock Exchange (BSE) only officially with the symbol 531637. Every price mechanism, volumes, disclosures, and corporate filings are channeled through BSE. By January 2026, the performance of Praveg will be tracked only to BSE-based sites, including Moneycontrol, Screener, Kotak Securities, Angel One and ICICI Direct. The stock has been highly volatile in the last one year mainly because of the losses associated with the expansion, and the change in investor mood, though BSE is the only exchange that has genuine price discovery and
| Particular | Information |
| Exchange | Bombay Stock Exchange (BSE) |
| Symbol / Code | 531637 |
| Trading Status | Active |
| Average Daily Volume | ~65,000–70,000 shares |
| Market Capitalisation | ~₹7,100–7,500 crore |
| Promoter Holding | ~45.5% |
| Price Discovery | BSE Only |
| Official Data Source | BSE filings & disclosures |
Praveg Share Price NSE Listing Status
Praveg Ltd is neither a listed entity in the National Stock Exchange (NSE) nor does it have an active NSE trading symbol at January 2026. Previously, the company had sought NSE listing but withdrew its application in August of 2025 awaiting regulatory scheme approval with BSE. Praveg did not re-file to be listed on NSE since the withdrawal.
Even though certain stock market applications will have NSE/BSE tags on them, these are generic tags and all the information presented on it will belong to Praveg. Investors are not allowed to buy or sell Praveg shares on NSE until there is a new NSE application is submitted and approved where the liquidity is relatively low as compared to the dual-listed counterparts.
| Particular | Information |
| NSE Listing | Not Available |
| NSE Symbol | None |
| Application Status | Withdrawn |
| Withdrawal Date | August 2025 |
| Reason for Withdrawal | Pending BSE scheme approval |
| Reapplication | Not filed as of Jan 2026 |
| Trading Allowed on NSE | No |
| Data Shown on Apps | BSE-sourced only |
Business Segment Contribution
The revenue mix of Praveg has suffered over the years and this has been as a result of the strategic change of the company towards hospitality and tourism. Most of the revenue is now generated by the events, exhibitions and hospitality segment, indicating that the company is capable of cross leveraging its experience in event management to create tourism infrastructure. The support role is played by the advertising and related services that enhance the presence of the brand and project monetization. This move has seen Praveg grow revenues at a fast rate but has also presented fixed cost and seasonal demand cycles.
| Segment | Contribution |
| Events, Exhibitions & Hospitality | 83% (9M FY25) |
| Advertising & Others | 17% |
| Hospitality Share in FY22 | ~100% |
Praveg Share Price Quarterly Performance Overview
The quarterly performance of Praveg shows that the company has recorded high growth rates in the top line but low margin in the recent past. The new resort additions and government event contracts have helped in the expansion of revenue. Nevertheless, the operating margins have decreased because of the increase in the staffing costs, lease charges and depreciation as a result of newly commissioned properties. The negative profits recorded within the recent quarters are largely explained by the ramp-up period of assets related to the hospitality business, which is normally several seasons before hitting the optimal occupancy rates.
| Quarter | Sales (₹ Cr) | Net Profit (₹ Cr) | EPS (₹) |
| Mar 2025 | 58.06 | 3.33 | 1.55 |
| Jun 2025 | 39.39 | -5.75 | -2.35 |
| Sep 2025 | 37.50 | -9.22 | -3.70 |
Praveg Profit & Loss Performance (Consolidated)
Praveg has been able to achieve a strong revenue growth in the past five years on the basis of diversification to hospitality and experiential tourism. The FY23 profitability was at its highest point, owing to event contracts with high margin and low debt level. The following years recorded a fall in the net profit owing to expansion costs and an increase in depreciation. The trailing twelve months (TTM) reports show a temporary decline in earnings and not structural weakness in the revenues.
| Year | Revenue (₹ Cr) | Net Profit (₹ Cr) | EPS (₹) |
| FY21 | 45 | 11 | 5.81 |
| FY22 | 45 | 12 | 6.62 |
| FY23 | 84 | 28 | 13.59 |
| FY24 | 92 | 13 | 5.30 |
| FY25 | 167 | 16 | 6.14 |
| TTM | 189 | -1 | -0.98 |
Praveg Share Balance Sheet Overview
The balance sheet of Praveg shows an aggressive growth of assets especially fixed assets and capital work-in-progress. These investments are related mostly to the hospitality development projects or those in the early stages of operation. Although the borrowings have been on the rise, the debt-equity ratio is manageable as compared to the capital intensive hospitality counterparts. The increased asset base puts the company at a position to generate revenue in future when there is an increase in its utilization.
| Item (₹ Cr) | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| Total Assets | 126 | 365 | 609 | 628 |
| Borrowings | 2 | 62 | 77 | 107 |
| Reserves | 92 | 263 | 437 | 419 |
| Fixed Assets | 34 | 183 | 304 | 359 |
| CWIP | 8 | 22 | 165 | 131 |
Praveg Share Cash Flow Analysis
Praveg has strong core operations as it has been generating positive operating cash flows. The extensive investment in the development of resorts has led to high investing cash outflows. Financing cash flows are positive based on the fact that equity has been infused to finance expansion and the borrowings. The short-term cash flow picture represents the growth phase dynamics but not the weakness in operations.
| Year | Operating CF | Investing CF | Financing CF |
| FY23 | 25 | -73 | 52 |
| FY24 | 17 | -178 | 220 |
| FY25 | 33 | -243 | 158 |
Key Financial Ratios
The efficiency and returns ratios show a moderate performance of the operations, and it can be improved as the assets mature. The increase in debtor days implies that working capital should be managed with more concentration especially when it comes to government contracts. The low dividend payments indicate that the management believes in generating cash in the long term.
| Ratio | Value |
| ROCE | 6.59% |
| ROE | 4.44% |
| Debtor Days | 106 |
| Working Capital Days | 111 |
| Dividend Payout | 16% (FY25) |
Shareholding Pattern
The shareholding pattern of Praveg indicates steady erosion of the promoter’s share over the years; this is mainly as a result of expansion through equity dilution. Meanwhile, the involvement of both the foreign and domestic institutional investors has also been growing, showing an increase in the market visibility. The shareholding by the people has grown tremendously and this has been through retail interest. The lack of promoter pledging is also a good sign of governance.
| Category | Sep 2025 |
| Promoters | 45.50% |
| FIIs | 5.01% |
| DIIs | 6.04% |
| Public | 43.44% |
| Total Shareholders | 47,097 |
Peer Comparison
Praveg is a significantly smaller player when compared to traditional hotel chains and is more prone to fluctuations in earnings. Nevertheless, its business model is different in that it is aimed at destination-based experiential tourism and not at the traditional urban hotels. Reduced ROCE is indicative of the young age of its hospitality assets, which can increase with occupancy levelling off.
| Company | Market Cap (₹ Cr) | P/E | ROCE |
| Indian Hotels | 95,176 | 56.4 | 17.21 |
| EIH | 21,038 | 27.6 | 23.43 |
| Lemon Tree | 10,732 | 48.7 | 12.98 |
| Praveg | 714 | Negative | 6.59 |
Conclusion
Praveg Ltd is an opportunity of growth yet execution sensitive potential within the Indian experiential tourism and hospitality market. Its long-term potential is justified by strong revenue momentum, partnerships with the government, and the creation of assets. Nevertheless, short-term issues like pressure on the margin, increase in debt and seasonal fluctuations in earnings demand close attention. To investors, Praveg can only be adapted to the high-risk and long-term category of investors who can afford to hold on to the asset till it is in a position to be profitable and mature.
FAQs
Praveg Ltd is involved in events, exhibitions, advertising and eco luxury hospitality. It is renowned in organizing big government events and operating destination based resorts in high tourist destination sites.
No, Praveg Ltd is listed in only one Bombay Stock Exchange (BSE). As of 2026, it is not an active NSE-listed company.
The recent losses are attributed to high expansion costs, high depreciation, and interest costs as well as the phase of high start-up of new hospitality properties.
The company has a promoter share of approximately 45.5 per cent, and does not have pledged promoter shares.
