Asian Hotels (North) Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:50 am

Market Cap	424 Cr.
Current Price	218
High / Low	239/108
Stock P/E
Book Value	1.19
Dividend Yield	0.00 %
ROCE	4.43 %
ROE	73.7 %
Face Value	10.0
PEG Ratio	0.00

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Mahindra Holidays & Resorts India Ltd	7,288 Cr.	361	505/347	66.1	29.1	0.00 %	9.24 %	24.0 %	10.0
Kamat Hotels (India) Ltd	712 Cr.	241	374/175	34.1	81.8	0.00 %	17.5 %	10.6 %	10.0
Asian Hotels (North) Ltd	424 Cr.	218	239/108		1.19	0.00 %	4.43 %	73.7 %	10.0
Industry Average	2,808.00 Cr	273.33		50.10	37.36	0.00%	10.39%	36.10%	10.00

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	13	35	47	36	53	60	69	73	63	74	77	84	62
Expenses	23	31	36	35	50	51	51	50	50	59	56	61	49
Operating Profit	-10	4	11	1	3	9	19	24	13	15	21	23	13
OPM %	-72%	12%	23%	2%	6%	15%	27%	32%	21%	20%	28%	27%	22%
Other Income	0	2	1	1	0	0	1	0	1	-0	0	2	0
Interest	27	25	23	35	31	33	31	23	28	32	45	34	34
Depreciation	4	4	8	9	6	6	6	6	6	6	6	5	5
Profit before tax	-40	-22	-20	-42	-33	-30	-17	-5	-20	-23	-29	-15	-25
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	1%	0%
Net Profit	-40	-22	-20	-42	-33	-30	-17	-5	-20	-23	-29	-15	-25
EPS in Rs	-20.60	-11.51	-10.44	-21.61	-17.18	-15.39	-8.68	-2.35	-10.31	-11.86	-14.98	-7.82	-12.99

Last Updated: October 15, 2024, 9:44 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 15, 2024, 9:44 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	216	228	233	241	251	274	274	252	73	131	256	298	297
Expenses	158	192	189	170	168	190	191	198	93	124	201	226	224
Operating Profit	58	36	44	71	83	84	82	55	-20	6	54	72	72
OPM %	27%	16%	19%	30%	33%	31%	30%	22%	-27%	5%	21%	24%	24%
Other Income	50	41	31	46	10	31	8	15	-567	4	2	2	2
Interest	52	73	94	117	99	98	113	125	91	110	118	140	145
Depreciation	12	11	27	23	21	20	19	18	17	25	23	22	21
Profit before tax	44	-8	-45	-23	-27	-3	-42	-74	-695	-125	-85	-87	-93
Tax %	34%	183%	6%	-114%	-43%	-12%	-22%	-15%	0%	0%	0%	0%
Net Profit	29	-24	-48	3	-16	-2	-33	-63	-695	-125	-85	-88	-93
EPS in Rs	15.14	-12.16	-24.77	1.63	-8.02	-1.24	-16.85	-32.45	-357.34	-64.16	-43.60	-44.98	-47.65
Dividend Payout %	7%	-8%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-182.76%	-100.00%	106.25%	-633.33%	87.50%	-1550.00%	-90.91%	-1003.17%	82.01%	32.00%	-3.53%
Change in YoY Net Profit Growth (%)	0.00%	82.76%	206.25%	-739.58%	720.83%	-1637.50%	1459.09%	-912.27%	1085.19%	-50.01%	-35.53%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	3%
5 Years:	2%
3 Years:	60%
TTM:	7%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	9%
TTM:	-88%

Stock Price CAGR
10 Years:	6%
5 Years:	18%
3 Years:	45%
1 Year:	-4%

Return on Equity
10 Years:	-12%
5 Years:	-27%
3 Years:	-47%
Last Year:	-74%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:40 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	19	19	19	19	19	19	19	19	19	19	19	19	19
Reserves	849	783	733	738	721	719	687	624	352	228	143	55	-22
Borrowings	760	900	906	945	947	896	912	920	959	1,068	1,082	1,052	1,105
Other Liabilities	289	259	240	149	142	176	201	231	250	241	329	576	653
Total Liabilities	1,918	1,961	1,899	1,851	1,831	1,810	1,819	1,794	1,581	1,556	1,573	1,703	1,756
Fixed Assets	983	1,186	1,271	1,213	1,186	1,148	1,129	1,096	1,503	1,479	1,457	1,434	1,428
CWIP	270	67	10	3	1	2	1	1	1	1	1	1	1
Investments	108	557	559	563	561	563	567	574	1	0	0	0	0
Other Assets	556	152	59	72	82	97	122	122	75	76	115	267	327
Total Assets	1,918	1,961	1,899	1,851	1,831	1,810	1,819	1,794	1,581	1,556	1,573	1,703	1,756

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	73	4	27	42	82	104	101	109	47	15	43	72
Cash from Investing Activity +	-106	37	34	47	18	44	7	22	-1	-3	4	0
Cash from Financing Activity +	33	-9	-91	-82	-98	-153	-109	-134	-47	-11	-29	-38
Net Cash Flow	-0	32	-30	7	2	-5	-1	-3	-1	0	18	35

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-702.00	-864.00	-862.00	-874.00	-864.00	-812.00	-830.00	-865.00	-979.00	5.00	53.00	71.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	19	16	15	16	16	16	22	18	72	17	23	21
Inventory Days	85	76	57	92	110	117	106	103	187
Days Payable	176	169	328	398	478	477	588	818	3,000
Cash Conversion Cycle	-71	-77	-256	-290	-352	-344	-460	-697	-2,741	17	23	21
Working Capital Days	-410	-420	-407	-142	-122	-132	-147	-215	-1,041	-602	-401	-512
ROCE %	6%	5%	1%	3%	4%	4%	4%	3%	-2%	-1%	3%	4%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	57.91%	50.69%	50.69%	50.69%	50.69%	50.69%	50.69%	50.69%	50.69%	50.69%	0.16%	3.17%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.26%	5.26%
DIIs	0.14%	7.35%	7.35%	7.35%	7.34%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%
Public	41.96%	41.96%	41.96%	41.96%	41.95%	49.16%	49.17%	49.16%	49.16%	49.18%	94.45%	91.43%
No. of Shareholders	12,240	12,118	12,069	12,143	12,071	11,727	11,385	10,438	10,313	9,883	10,254	10,009

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-233.29	-357.25	-33.28	-20.08	-2.09
Diluted EPS (Rs.)	-233.29	-357.25	-33.28	-20.08	-2.09
Cash EPS (Rs.)	-220.39	-348.61	-24.06	-10.18	8.17
Book Value[Excl.RevalReserv]/Share (Rs.)	-91.44	16.20	338.16	374.88	293.69
Book Value[Incl.RevalReserv]/Share (Rs.)	121.12	233.59	338.16	374.88	392.19
Revenue From Operations / Share (Rs.)	67.10	37.31	129.74	140.60	141.08
PBDIT / Share (Rs.)	5.17	-9.22	35.55	43.84	58.94
PBIT / Share (Rs.)	-7.74	-17.86	26.33	33.94	48.68
PBT / Share (Rs.)	-233.29	-357.25	-38.84	-24.86	-2.26
Net Profit / Share (Rs.)	-233.29	-357.26	-33.28	-20.08	-2.09
NP After MI And SOA / Share (Rs.)	-218.66	-356.88	-30.37	-18.33	-1.91
PBDIT Margin (%)	7.70	-24.70	27.40	31.18	41.78
PBIT Margin (%)	-11.52	-47.88	20.29	24.13	34.50
PBT Margin (%)	-347.69	-957.48	-29.93	-17.68	-1.60
Net Profit Margin (%)	-347.69	-957.49	-25.64	-14.28	-1.48
NP After MI And SOA Margin (%)	-325.89	-956.50	-23.40	-13.03	-1.35
Return on Networth / Equity (%)	0.00	-12666.83	-9.37	-5.06	-0.67
Return on Capital Employeed (%)	-1.35	-2.32	3.08	3.75	5.27
Return On Assets (%)	-27.33	-34.65	-2.77	-1.66	-0.17
Long Term Debt / Equity (X)	-4.98	182.62	1.52	1.40	1.81
Total Debt / Equity (X)	-6.15	230.79	1.92	1.68	2.09
Asset Turnover Ratio (%)	0.07	0.03	0.12	0.13	0.14
Current Ratio (X)	0.06	0.05	0.14	0.19	0.22
Quick Ratio (X)	0.05	0.04	0.12	0.17	0.18
Interest Coverage Ratio (X)	0.09	-0.19	0.54	0.74	1.16
Interest Coverage Ratio (Post Tax) (X)	-0.13	-0.38	0.48	0.65	0.95
Enterprise Value (Cr.)	1228.62	1406.85	1367.64	1480.33	1740.37
EV / Net Operating Revenue (X)	9.41	19.38	5.42	5.41	6.34
EV / EBITDA (X)	122.11	-78.45	19.78	17.36	15.18
MarketCap / Net Operating Revenue (X)	1.21	1.62	0.51	1.01	2.14
Price / BV (X)	-0.90	21.48	0.20	0.39	1.07
Price / Net Operating Revenue (X)	1.21	1.62	0.51	1.01	2.14
EarningsYield	-2.69	-5.90	-0.45	-0.12	-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 13.42

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 22, 2024, is Overvalued by 93.84% compared to the current share price 218.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of as of December 22, 2024 is: 42.29

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 22, 2024, is Overvalued by 80.60% compared to the current share price 218.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 215.11%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -292.58, which is a positive sign. The stock has a low average Cash Conversion Cycle of -207.33, which is a positive sign.	The stock has a low average ROCE of 2.83%, which may not be favorable. The company has higher borrowings (957.85) compared to reserves (508.46), which may suggest financial risk. The company has not shown consistent growth in sales (232.62) and profit (-97.15).

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 :
1. Net Profit Margin: -347.69%
  - 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: -1.35% (Industry Average ROCE: 10.39%)
  - 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%: 0% (Industry Average ROE: 36.1%)
  - 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): -0.13
  - 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: 0.05
  - 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: 0 (Industry average Stock P/E: 50.1)
  - 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: -6.15
  - 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

Asian Hotels (North) Ltd. is a Public Limited Listed company incorporated on 13/11/1980 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L55101DL1980PLC011037 and registration number is 011037. Currently Company is involved in the business activities of Hotels and motels, inns, resorts providing short term lodging facilities; includes accommodation in house boats. Company’s Total Operating Revenue is Rs. 130.53 Cr. and Equity Capital is Rs. 19.45 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Hotels, Resorts & Restaurants	Bhikaiji Cama Place, New Delhi Delhi 110066	investorrelations@ahlnorth.com http://www.asianhotelsnorth.com

Management
Name	Position Held
Ms. Preeti Gandhi	Chairman & Ind.Director
Dr. Arun Gopal Agarwal	Executive Director
Mr. Krishna Kumar Acharya	Executive Director
Mr. Deena Nath Pathak	Independent Director
Mr. Arjun Raghavendra Murlidharan	Independent Director
Mr. Naresh Kumar Jain	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹13.42, which is 93.84% lower than the current market price of ₹218.00. The stock has a market capitalization of 424 Cr. and recorded a high/low of 239/108 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹-22 Cr and total liabilities of ₹1,756 Cr.

What is the Market Cap of ?

The Market Cap of is 424 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 218.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 239/108.

What is the Stock P/E of ?

The Stock P/E of is .

What is the Book Value of ?

The Book Value of is 1.19.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 4.43 %.

What is the ROE of ?

The ROE of is 73.7 %.

What is the Face Value of ?

The Face Value of is 10.0.