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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 544111 | NSE: PARKHOTELS

Apeejay Surrendra Park Hotels Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 9, 2024, 8:12 pm

Market Cap 3,250 Cr.
Current Price 152
High / Low235/143
Stock P/E57.7
Book Value 55.9
Dividend Yield0.00 %
ROCE12.3 %
ROE7.57 %
Face Value 1.00
PEG Ratio1.09

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

View Share Price Target for Apeejay Surrendra Park Hotels Ltd

Competitors of Apeejay Surrendra Park Hotels Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Apeejay Surrendra Park Hotels Ltd 3,250 Cr. 152235/14357.7 55.90.00 %12.3 %7.57 % 1.00
Industry Average3,250.00 Cr152.0057.7055.900.00%12.30%7.57%1.00

All Competitor Stocks of Apeejay Surrendra Park Hotels Ltd

Quarterly Result

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales135.11138.66125.22129.95152.20148.98129.85
Expenses86.2094.0487.3487.0898.5896.9892.77
Operating Profit48.9144.6237.8842.8753.6252.0037.08
OPM %36.20%32.18%30.25%32.99%35.23%34.90%28.56%
Other Income2.26-0.680.816.434.320.383.68
Interest18.9912.2816.0816.9917.6914.653.27
Depreciation8.9015.7511.4211.5213.5511.8513.03
Profit before tax23.2815.9111.1920.7926.7025.8824.46
Tax %25.69%25.71%31.72%31.79%3.41%29.75%107.52%
Net Profit17.3011.827.6414.1825.7918.18-1.84
EPS in Rs0.990.680.440.811.480.85-0.09

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

Quarterly Chart

Profit & Loss - Annual Report

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

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales416415175243492555561
Expenses334333159199332370375
Operating Profit82821544160186186
OPM %20%20%9%18%32%33%33%
Other Income1011-910141315
Interest50515659626553
Depreciation30333638474850
Profit before tax138-85-43648598
Tax %19%-195%-12%-31%26%22%
Net Profit1123-75-30486656
EPS in Rs6.081.34-4.29-1.712.733.083.05
Dividend Payout %0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-2024
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: Unknown

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital171717171721
Reserves5715935194905361,172
Borrowings44155260864661093
Other Liabilities134160121106181168
Total Liabilities1,1631,3231,2651,2591,3451,454
Fixed Assets1,0651,1631,1461,1311,1821,205
CWIP312827293241
Investments000000
Other Assets6713192100132209
Total Assets1,1631,3231,2651,2591,3451,454

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1021002653172162
Cash from Investing Activity +-60-97-24-19-41-103
Cash from Financing Activity +-473-5-34-124-36
Net Cash Flow-46-3-0723

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-359.00-470.00-593.00-602.00-450.0093.00

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

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days231837261921
Inventory Days731037173
Days Payable217398273207
Cash Conversion Cycle-1211837-269-183-113
Working Capital Days-77-72-196-37-52-18
ROCE %6%-1%1%11%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2024Jun 2024
Promoters68.14%68.14%
FIIs5.08%4.66%
DIIs16.42%15.19%
Public10.35%12.00%
No. of Shareholders45,76344,097

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21
FaceValue1.001.001.001.00
Basic EPS (Rs.)3.822.75-1.61-4.34
Diluted EPS (Rs.)3.822.75-1.61-4.34
Cash EPS (Rs.)5.595.570.67-2.19
Book Value[Excl.RevalReserv]/Share (Rs.)56.1331.8029.1030.70
Book Value[Incl.RevalReserv]/Share (Rs.)56.1331.8029.1030.70
Revenue From Operations / Share (Rs.)27.1328.9814.6010.24
PBDIT / Share (Rs.)9.6210.143.341.31
PBIT / Share (Rs.)7.257.321.04-0.85
PBT / Share (Rs.)4.153.75-2.39-4.97
Net Profit / Share (Rs.)3.222.75-1.61-4.34
NP After MI And SOA / Share (Rs.)3.222.75-1.61-4.34
PBDIT Margin (%)35.4434.9922.8512.77
PBIT Margin (%)26.7125.247.14-8.30
PBT Margin (%)15.3112.93-16.38-48.53
Net Profit Margin (%)11.879.49-11.05-42.43
NP After MI And SOA Margin (%)11.889.50-11.01-42.37
Return on Networth / Equity (%)5.748.65-5.52-14.13
Return on Capital Employeed (%)11.7011.211.75-1.39
Return On Assets (%)4.663.53-2.20-5.91
Long Term Debt / Equity (X)0.010.900.940.87
Total Debt / Equity (X)0.021.021.221.11
Asset Turnover Ratio (%)0.400.380.190.00
Current Ratio (X)0.960.410.280.27
Quick Ratio (X)0.860.350.240.22
Interest Coverage Ratio (X)3.112.840.970.40
Interest Coverage Ratio (Post Tax) (X)2.041.770.53-0.06
Enterprise Value (Cr.)4038.780.000.000.00
EV / Net Operating Revenue (X)6.980.000.000.00
EV / EBITDA (X)19.680.000.000.00
MarketCap / Net Operating Revenue (X)7.030.000.000.00
Price / BV (X)3.400.000.000.00
Price / Net Operating Revenue (X)7.030.000.000.00
EarningsYield0.010.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Apeejay Surrendra Park Hotels Ltd as of November 14, 2024 is: 249.05

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 November 14, 2024, Apeejay Surrendra Park Hotels Ltd is Undervalued by 63.85% compared to the current share price 152.00

Intrinsic Value of Apeejay Surrendra Park Hotels Ltd as of November 14, 2024 is: 380.64

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 November 14, 2024, Apeejay Surrendra Park Hotels Ltd is Undervalued by 150.42% compared to the current share price 152.00

Last 5 Year EPS CAGR: 52.84%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -75.33, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -105.17, which is a positive sign.
  3. The company has higher reserves (646.83 cr) compared to borrowings (491.67 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (408.14 cr) and profit (20.00 cr) over the years.
  1. 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: 57.7 (Industry average Stock P/E: 57.7)
      • 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
INDUSTRYADDRESSCONTACT
17, Park Street, Kolkata West Bengal 700016Ms.Priya%20Paul
Chairperson%20&%20Executive%20Director
Management
NamePosition Held
Mr. Vijay DewanManaging Director
Mr. Karan PaulNon Executive Director
Mr. Debanjan MandalIndependent Director
Mr. Suresh KumarIndependent Director
Ms. Ragini ChopraIndependent 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 13 November 2024 is ₹249.05, which is 63.85% higher than the current market price of ₹152.00.

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

The Market Cap of Apeejay Surrendra Park Hotels Ltd is 3,250 Cr..

What is the current Stock Price of Apeejay Surrendra Park Hotels Ltd as on 13 November 2024?

The current stock price of Apeejay Surrendra Park Hotels Ltd as on 13 November 2024 is ₹152.

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

In FY 2024, the High / Low of Apeejay Surrendra Park Hotels Ltd stocks is 235/143.

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

The Stock P/E of Apeejay Surrendra Park Hotels Ltd is 57.7.

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

The Book Value of Apeejay Surrendra Park Hotels Ltd is 55.9.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Apeejay Surrendra Park Hotels Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE