Apeejay Surrendra Park Hotels Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 12:44 pm

Market Cap	3,822 Cr.
Current Price	179
High / Low	235/138
Stock P/E	54.9
Book Value	57.2
Dividend Yield	0.00 %
ROCE	12.3 %
ROE	7.57 %
Face Value	1.00
PEG Ratio	1.04

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Apeejay Surrendra Park Hotels Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Apeejay Surrendra Park Hotels Ltd	3,822 Cr.	179	235/138	54.9	57.2	0.00 %	12.3 %	7.57 %	1.00
Industry Average	3,822.00 Cr	179.00		54.90	57.20	0.00%	12.30%	7.57%	1.00

All Competitor Stocks of

Quarterly Result

Month	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	135.11	138.66	125.22	129.95	152.20	148.98	129.85
Expenses	86.20	94.04	87.34	87.08	98.58	96.98	92.77
Operating Profit	48.91	44.62	37.88	42.87	53.62	52.00	37.08
OPM %	36.20%	32.18%	30.25%	32.99%	35.23%	34.90%	28.56%
Other Income	2.26	-0.68	0.81	6.43	4.32	0.38	3.68
Interest	18.99	12.28	16.08	16.99	17.69	14.65	3.27
Depreciation	8.90	15.75	11.42	11.52	13.55	11.85	13.03
Profit before tax	23.28	15.91	11.19	20.79	26.70	25.88	24.46
Tax %	25.69%	25.71%	31.72%	31.79%	3.41%	29.75%	107.52%
Net Profit	17.30	11.82	7.64	14.18	25.79	18.18	-1.84
EPS in Rs	0.99	0.68	0.44	0.81	1.48	0.85	-0.09

Last Updated: October 7, 2024, 8:39 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 23, 2024, 3:08 pm

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	416	415	175	243	492	555	561
Expenses	334	333	159	199	332	370	375
Operating Profit	82	82	15	44	160	186	186
OPM %	20%	20%	9%	18%	32%	33%	33%
Other Income	10	11	-9	10	14	13	15
Interest	50	51	56	59	62	65	53
Depreciation	30	33	36	38	47	48	50
Profit before tax	13	8	-85	-43	64	85	98
Tax %	19%	-195%	-12%	-31%	26%	22%
Net Profit	11	23	-75	-30	48	66	56
EPS in Rs	6.08	1.34	-4.29	-1.71	2.73	3.08	3.05
Dividend Payout %	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	109.09%	-426.09%	60.00%	260.00%	37.50%
Change in YoY Net Profit Growth (%)	0.00%	-535.18%	486.09%	200.00%	-222.50%

Apeejay Surrendra Park Hotels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2019-2020 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	6%
3 Years:	47%
TTM:	7%

Compounded Profit Growth
10 Years:	%
5 Years:	41%
3 Years:	46%
TTM:	37%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	2%
3 Years:	4%
Last Year:	8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:52 pm

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	17	17	17	17	17	21	21
Reserves	571	593	519	490	536	1,172	1,200
Borrowings	441	552	608	646	610	93	132
Other Liabilities	134	160	121	106	181	168	184
Total Liabilities	1,163	1,323	1,265	1,259	1,345	1,454	1,537
Fixed Assets	1,065	1,163	1,146	1,131	1,182	1,205	1,136
CWIP	31	28	27	29	32	41	62
Investments	0	0	0	0	0	0	15
Other Assets	67	131	92	100	132	209	325
Total Assets	1,163	1,323	1,265	1,259	1,345	1,454	1,537

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	102	100	26	53	172	162
Cash from Investing Activity +	-60	-97	-24	-19	-41	-103
Cash from Financing Activity +	-47	3	-5	-34	-124	-36
Net Cash Flow	-4	6	-3	-0	7	23

Free Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-359.00	-470.00	-593.00	-602.00	-450.00	93.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	23	18	37	26	19	21
Inventory Days	73			103	71	73
Days Payable	217			398	273	207
Cash Conversion Cycle	-121	18	37	-269	-183	-113
Working Capital Days	-77	-72	-196	-37	-52	-18
ROCE %		6%	-1%	1%	11%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2024	Jun 2024	Sep 2024
Promoters	68.14%	68.14%	68.14%
FIIs	5.08%	4.66%	5.58%
DIIs	16.42%	15.19%	14.14%
Public	10.35%	12.00%	12.13%
No. of Shareholders	45,763	44,097	41,951

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	3.82	2.75	-1.61	-4.34
Diluted EPS (Rs.)	3.82	2.75	-1.61	-4.34
Cash EPS (Rs.)	5.59	5.57	0.67	-2.19
Book Value[Excl.RevalReserv]/Share (Rs.)	56.13	31.80	29.10	30.70
Book Value[Incl.RevalReserv]/Share (Rs.)	56.13	31.80	29.10	30.70
Revenue From Operations / Share (Rs.)	27.13	28.98	14.60	10.24
PBDIT / Share (Rs.)	9.62	10.14	3.34	1.31
PBIT / Share (Rs.)	7.25	7.32	1.04	-0.85
PBT / Share (Rs.)	4.15	3.75	-2.39	-4.97
Net Profit / Share (Rs.)	3.22	2.75	-1.61	-4.34
NP After MI And SOA / Share (Rs.)	3.22	2.75	-1.61	-4.34
PBDIT Margin (%)	35.44	34.99	22.85	12.77
PBIT Margin (%)	26.71	25.24	7.14	-8.30
PBT Margin (%)	15.31	12.93	-16.38	-48.53
Net Profit Margin (%)	11.87	9.49	-11.05	-42.43
NP After MI And SOA Margin (%)	11.88	9.50	-11.01	-42.37
Return on Networth / Equity (%)	5.74	8.65	-5.52	-14.13
Return on Capital Employeed (%)	11.70	11.21	1.75	-1.39
Return On Assets (%)	4.66	3.53	-2.20	-5.91
Long Term Debt / Equity (X)	0.01	0.90	0.94	0.87
Total Debt / Equity (X)	0.02	1.02	1.22	1.11
Asset Turnover Ratio (%)	0.40	0.38	0.19	0.00
Current Ratio (X)	0.96	0.41	0.28	0.27
Quick Ratio (X)	0.86	0.35	0.24	0.22
Interest Coverage Ratio (X)	3.11	2.84	0.97	0.40
Interest Coverage Ratio (Post Tax) (X)	2.04	1.77	0.53	-0.06
Enterprise Value (Cr.)	4038.78	0.00	0.00	0.00
EV / Net Operating Revenue (X)	6.98	0.00	0.00	0.00
EV / EBITDA (X)	19.68	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	7.03	0.00	0.00	0.00
Price / BV (X)	3.40	0.00	0.00	0.00
Price / Net Operating Revenue (X)	7.03	0.00	0.00	0.00
EarningsYield	0.01	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Apeejay Surrendra Park Hotels Ltd as of December 26, 2024 is: 242.47

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 26, 2024, Apeejay Surrendra Park Hotels Ltd is Undervalued by 35.46% compared to the current share price 179.00

Intrinsic Value of Apeejay Surrendra Park Hotels Ltd as of December 26, 2024 is: 370.59

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 26, 2024, Apeejay Surrendra Park Hotels Ltd is Undervalued by 107.03% compared to the current share price 179.00

Last 5 Year EPS CAGR: 52.84%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -75.33, which is a positive sign. The stock has a low average Cash Conversion Cycle of -105.17, which is a positive sign. The company has higher reserves (725.86 cr) compared to borrowings (440.29 cr), indicating strong financial stability. The company has shown consistent growth in sales (408.14 cr) and profit (20.00 cr) over the years.	The stock has a low average ROCE of 4.83%, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Apeejay Surrendra Park Hotels Ltd:
1. Net Profit Margin: 11.87%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 11.7% (Industry Average ROCE: 12.3%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 5.74% (Industry Average ROE: 7.57%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.04
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.86
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 54.9 (Industry average Stock P/E: 54.9)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.02
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Hotels, Resorts & Restaurants

INDUSTRY	ADDRESS	CONTACT
17, Park Street, Kolkata West Bengal 700016	Ms.	Priya%20Paul Chairperson%20&%20Executive%20Director

Management
Name	Position Held
Mr. Vijay Dewan	Managing Director
Mr. Karan Paul	Non Executive Director
Mr. Debanjan Mandal	Independent Director
Mr. Suresh Kumar	Independent Director
Ms. Ragini Chopra	Independent Director

FAQ

What is the latest intrinsic value of Apeejay Surrendra Park Hotels Ltd?

The latest intrinsic value of Apeejay Surrendra Park Hotels Ltd as on 25 December 2024 is ₹242.47, which is 35.46% higher than the current market price of ₹179.00. The stock has a market capitalization of 3,822 Cr. and recorded a high/low of 235/138 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,200 Cr and total liabilities of ₹1,537 Cr.

What is the Market Cap of Apeejay Surrendra Park Hotels Ltd?

The Market Cap of Apeejay Surrendra Park Hotels Ltd is 3,822 Cr..

What is the current Stock Price of Apeejay Surrendra Park Hotels Ltd as on 25 December 2024?

The current stock price of Apeejay Surrendra Park Hotels Ltd as on 25 December 2024 is 179.

What is the High / Low of Apeejay Surrendra Park Hotels Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Apeejay Surrendra Park Hotels Ltd stocks is 235/138.

What is the Stock P/E of Apeejay Surrendra Park Hotels Ltd?

The Stock P/E of Apeejay Surrendra Park Hotels Ltd is 54.9.

What is the Book Value of Apeejay Surrendra Park Hotels Ltd?

The Book Value of Apeejay Surrendra Park Hotels Ltd is 57.2.

What is the Dividend Yield of Apeejay Surrendra Park Hotels Ltd?

The Dividend Yield of Apeejay Surrendra Park Hotels Ltd is 0.00 %.

What is the ROCE of Apeejay Surrendra Park Hotels Ltd?

The ROCE of Apeejay Surrendra Park Hotels Ltd is 12.3 %.

What is the ROE of Apeejay Surrendra Park Hotels Ltd?

The ROE of Apeejay Surrendra Park Hotels Ltd is 7.57 %.

What is the Face Value of Apeejay Surrendra Park Hotels Ltd?

The Face Value of Apeejay Surrendra Park Hotels Ltd is 1.00.