Brigade Hotel Venture Ltd. (BRIGHOTEL.NS)

Brigade Hotel Venture Ltd. (BRIGHOTEL.NS) — VMCI valuation read

Headline read on BRIGHOTEL.NS: VMCI of 23/100 versus a Consumer Cyclical sector median of 50. The 27-point below-median position is what makes Brigade Hotel Venture Ltd. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on BRIGHOTEL.NS: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on BRIGHOTEL.NS: value (BRIGHOTEL.NS trades at 15.0x earnings, 17% below the Consumer Cyclical median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Consumer Cyclical median (10.0%)), and risk (net debt to EBITDA of 0.7x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Cyclical 12.0x baseline.

BRIGHOTEL.NS fell 2.4% over the trailing 7 days, with a +3.0% read on a 30-day basis.