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Company details
587.05
599.70
336.60
622.50
6M Return 51.24%
1Y Return 76.61%
Mkt Cap.(Cr) 85,220.87
Volume 1,237,768
Div Yield 0.16%
OI
-
OI Chg %
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Volume 1,237,768
- Research Report
- Quick Results Snapshot
- SWOT Analysis
- Our Research View
- Financials
- Comparison
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Indian Hotels Co Ltd Research Report
About The Stock
- The company also has a selective presence in the luxury segment in the US, the UK, Africa, UAE and Maldives through owned/managed properties
- The company enjoys strong support from its promoter Tata Sons and is also an important strategic business for the Tata Group.
With room inventory of 178 hotels with 20,826 rooms, Indian Hotels has a diversified position in the hotel industry through brands such as Taj, Vivanta, SeleQtions and Ginger brands.
Q3FY23 Results:
- Revenue grew 51.7% YoY to ₹ 1685 crore. The same was up 22.8% vs. pre-Covid levels led by strong performance from the domestic segment
- EBITDA margin also expanded 441 bps from pre-Covid levels to 35.4% on a consolidated basis
- This led to a sharp rebound in net profit that was up 88% from pre-Covid levels to ₹ 382.7 crore
IHCL reported strong growth in revenues in Q3.
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Quick Results Snapshot
Indian Hotels Company announced Q3FY24 & 9MFY24 results:
Consolidated Q3FY24:
- Revenue: Rs 2,004 crore, a 15% increase year-over-year (YoY).
- EBITDA: Rs 772 crore, up by 18% YoY; boasting an EBITDA margin of 38.5%.
- Profit After Tax (PAT): Rs 452 crore, marking an 18% growth YoY.
Consolidated 9MFY24:
- Revenue: Rs 5,000 crore, displaying a 16% rise YoY.
- EBITDA Margin Increase: Improved by 1.0 percentage point (pp) to 32.7%.
- Profit After Tax: Achieved Rs 841 crore, witnessing a 25% augmentation YoY.
Operational Highlights:
- Room Revenue Growth: 21% increase, propelled by heightened Room Revenue.
- RevPAR Dominance: Secured a 70% RevPAR premium versus competition.
- Occupancy Rate: International portfolio occupancy stood at 70%, leading to a 9% RevPAR increase YoY.
Expansion and Growth:
- New Hotels Signed: 28 hotels added to the signing docket.
- Hotel Openings: Successfully opened 16 hotels during the fiscal year.
- Milestone Achievement: Celebrated the operation of IHCL's 200th hotel.
- New and Existing Markets: Forayed into new regions and strengthened presence in existing ones, expanding to over 130 locations.
New Business Verticals and Management Fees:
- Revenue Generation: New Business vertical brought in Rs 420 crore in revenue.
- Growth Metrics: Observed a 33% revenue growth, which is double compared to IHCL's overall growth of 17%.
- Contribution to Enterprise Revenue: New Business now constitutes 11.1% of IHCL's total revenue, up by 130 basis points.
- Management Fee Income: Grew by 13% year-over-year, reaching Rs 134 crore.
Awards and Recognitions:
- World's Finest Luxury Grand Palaces: Taj won at '101 Executive Summit', Germany.
- Golden Peaco*ck Awards: Received the HR Excellence Award for 2023 and the Award for Risk Management 2023.
- TripAdvisor Travelers' Choice: Rambagh Palace, Jaipur, ranked as the World's No. 1 Hotel.
Commenting on the Q3FY24 performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL reported an all-time high consolidated Q3 EBITDA margin of 38.5% and PAT margin of 22.6%, marking seven consecutive quarters of record financial performance. This robust performance was enabled by same-store hotels clocking RevPAR premium across markets and segments, the strong performance of not like-for-like growth, and the scaling of new businesses.”
He added, “IHCL continues to demonstrate industry-leading growth with 28 hotels signed and 16 hotels opened this fiscal with a portfolio of 285 hotels including a pipeline of 85 hotels. This year marks the momentous occasion of reaching the 200th operating hotel milestone and the successful launch of 371 keys flagship Ginger at Mumbai Airport, presenting a vast potential to scale the Ginger brand. IHCL with its well-established brands, vast footprint across 130 locations, and a healthy balance sheet, is well placed to leverage this sustained demand upcycle the sector is witnessing.”
Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, “Q3 saw a stellar performance led by the domestic market as seen in IHCL’s standalone revenue of Rs 1,323 crore, a growth of 22% over the previous year and EBITDA margin of 45.4% which is a 290-basis points expansion. IHCL’s consolidated results also demonstrated a strong performance with an Operating EBITDA margin of 37.3%, an expansion of 190 basis points, reflective of high revenue flow through.”
He added, “On a year to date basis IHCL consolidated reported an all-time high revenue of Rs 5,000 crore, an EBITDA margin of 32.7% in line with the guidance of Ahvaan 2025, and maintained healthy cash and cash equivalents of Rs 1,810 crore as on 31st December 2023.”
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Indian Hotels Co Ltd shares SWOT Analysis
- SWOT
- TECHNICALS
- DEALS
- SHAREHOLDING
Strengths (11)
- Company with high TTM EPS Growth
- Effectively using its capital to generate profit - RoCE improving in last 2 years
- Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Weakness (2)
- Negative Breakdown Second Support (LTP < S2)
- MFs decreased their shareholding last quarter
Opportunity (1)
- RSI indicating price strength
Threats (2)
- High PE (PE > 40)
- Increasing Trend in Non-Core Income
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Resistance and support
R1 614.8
R2 621.6
R3 627.6
Pivot
608.72
S1 601.9
S2 595.9
S3 589.1
EMA
SMA
593.2
569.0
529.6
476.7
596.5
576.0
517.1
460.0
Delivery and volume
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OUR RESEARCH VIEW
Investment recommendation
Call Date
02 Feb 2023
Entry Price 316.00
Target Price 390.00
Duration
12-18 Month
BUY View Report
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FINANCIALS
- PROFIT AND LOSS STATEMENT
- BALANCE SHEET
- QUARTERLY RESULT
- RATIO
Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Indian Hotels Co Ltd Stocks COMPARISON
Financials( ₹ in Cr) | Indian Hotels Co Ltd | EIH Ltd | Chalet Hotels Ltd | Juniper Hotels Ltd | Lemon Tree Hotels Ltd |
---|---|---|---|---|---|
Price | 598.70 | 462.85 | 915.85 | 483.75 | 135.80 |
% Change | -1.53 | 1.79 | 3.61 | 2.40 | -0.69 |
Mcap ₹ Cr | 85,220.87 | 28,944.97 | 19,974.69 | 10,763.53 | 10,758.70 |
Revenue TTM ₹ Cr | 5,809.91 | 2,018.81 | 1,128.47 | 666.85 | 874.99 |
Net Profit TTM ₹ Cr | 971.43 | 329.10 | 183.29 | -1.50 | 140.54 |
PE TTM | 74.00 | 51.51 | 79.85 | 0.00 | 86.49 |
1 Year Return | 76.61 | 171.79 | 146.36 | 20.49 | 60.81 |
ROCE | 13.63 | 15.77 | 9.13 | 7.36 | 11.51 |
ROE | 12.81 | 11.89 | 10.90 | -8.36 | 14.39 |
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INSIDER & INSTITUTIONAL ACTIVITY
Equity Capital: 7,981.96 Cr FV: 1.00
Period | MF Net Purchase / (sold) | FII Net |
---|---|---|
LAST 1M | 19,463.02 | -9,686.18 |
LAST 3M | 80,117.99 | 24,951.10 |
LAST 6M | 139,103.06 | 73,773.67 |
LAST 12M | 214,781.93 | 191,401.70 |
- ANNOUNCEMENT
- CORPORATE ACTION
NSE Board Meetings Forthcomming
Apr 24, 2024 l NSE Board Meetings Forthcomming
Board Meeting for Today
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Date | Action Type | Ratio |
---|---|---|
Jun 09, 2023 | Dividend | 100 |
Jun 22, 2022 | Dividend | 40 |
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Indian Hotels Co Ltd Information
- ABOUT COMPANY
- COMPANY INFO
- LISTING INFO
Stock PE (TTM)
74
Promoter Holding
38.12%
Book Value
59.0468
ROCE
13.63%
ROE
12.81%
Description
Indian Hotels Co Ltd operates in the Hotels & Restaurants sector and has a market capitalization worth Rs. 16,477.17 crores, it was incorporated in the year 1899. It has reported consolidated sales of Rs. 1,575.16 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500850, and also listed on the National Stock Exchange (NSE) with the code INDHOTEL.
The Indian Hotels Company Ltd is South Asias largest hospitality-based company. IHCL operates in various business areas like hotels, resorts, jungle safaris, palaces, spas, and in-flight catering services.
The company includes various well-established brands under its belt, such as The Taj, SeleQtions, Ginger, Vivanta, and ama Stays & Trails in the hotel business. The company has a total of 235 hotels and bungalows spread across 166 locations worldwide. The operations of the company are spread over in 12 countries. It has signed a total of 17 hotels in FY 2021-21. The promoters of the company own 40.75% of the stake in the company, Foreign Institutional Investors (FII) own 12.56%, Domestic Institutional Investors (DII) own 27.99% stake in the company, and others (such as public & retail investors) hold the balance of 18.7%.
In June 2021, quarterly net revenue was Rs. 207.4 crores, which has increased sharply by approximately 117.77 % from Rs. 95.25 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 190.24 crores, which has improved and increased by nearly 20.34% from a net loss of Rs. 238.81 crores in June 2020. In June 2021, the reported operating profit was at Rs. 76.76 crores, which has improved sharply and increased by 533.67% compared to an operating loss of Rs. 17.17 crores in June’2020 quarter. From a negative EPS of Rs. 2.01 in June 2020, the EPS of Indian Hotels Co Ltd has improved and reached a negative EPS of Rs. 1.6 per share in June 2021. INDHOTELs stock closed at Rs. 138.55 on 20th August’2021 (NSE) and has given a positive return of 10.14% in the last six months and provided a positive return of 42.47% in the previous year.
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Registered Address
Mandlik House, Mandlik Road, Mumbai, Maharashtra, 400001
Tel | : | 91-22-66395515 |
: | investorrelations:tajhotels.com | |
Website | : | http://www.ihcltata.com |
Registrar
Indian Hotels Ltd
AGM Date (Month) | : | Jun |
Face Value Equity Shares | : | 1 |
Market Lot Equity Shares | : | 1 |
BSE Code | : | 500850 |
NSE Code | : | INDHOTEL |
Book Closure Date (Month) | : | Jun |
BSE Group | : | A |
ISIN | : | INE053A01029 |
FAQ’s on Indian Hotels Co Ltd Shares
How can I buy Indian Hotels Co Ltd share?
You can buy Indian Hotels Co Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indian Hotels Co Ltd Share.
What is the share price of Indian Hotels Co Ltd?
Company share prices and volatile and keep changing according to the market conditions. As of Apr 25, 2024 09:33 AM the closing price of Indian Hotels Co Ltd was ₹ 598.70.
What is the market cap of Indian Hotels Co Ltd ?
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 25, 2024 09:33 AM, the market cap of Indian Hotels Co Ltd stood at ₹ 85,220.87.
What is the PE ratio of Indian Hotels Co Ltd ?
The latest PE ratio of Indian Hotels Co Ltd as of Apr 25, 2024 09:33 AM is74
What is the PB ratio of Indian Hotels Co Ltd ?
The latest PB ratio of Indian Hotels Co Ltd as of Apr 25, 2024 09:33 AM is0.10
What is the 52 - week high and low of Indian Hotels Co Ltd Share Price?
The 52-week high of Indian Hotels Co Ltd share price is ₹622.50 while the 52-week low is ₹336.60
Is Indian Hotels Co Ltd Share a good buy for the long term ?
According to analyst recommendations, Indian Hotels Co Ltd Share has a “Buy” rating for the long term.