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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 542399 | NSE: CHALET

Chalet Hotels Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:20 pm

Market Cap 18,363 Cr.
Current Price 842
High / Low959/561
Stock P/E244
Book Value 129
Dividend Yield0.00 %
ROCE10.1 %
ROE16.4 %
Face Value 10.0
PEG Ratio2.99

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

View Share Price Target for Chalet Hotels Ltd

Competitors of Chalet Hotels Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Howard Hotels Ltd 22.8 Cr. 25.033.5/15.2 10.40.00 %9.86 %8.53 % 10.0
HS India Ltd 25.5 Cr. 15.720.8/12.519.6 19.00.00 %6.90 %4.47 % 10.0
Gujarat Hotels Ltd 85.1 Cr. 225261/15118.8 1191.11 %13.9 %11.2 % 10.0
Graviss Hospitality Ltd 308 Cr. 43.664.7/35.123.2 26.50.00 %1.80 %1.40 % 2.00
Goel Food Products Ltd 42.1 Cr. 22.378.0/21.310.8 11.92.24 %18.9 %25.4 % 10.0
Industry Average9,503.48 Cr473.94112.5891.790.40%12.66%15.98%6.76

All Competitor Stocks of Chalet Hotels Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales70128164148253248290338311315374418361
Expenses7893124117151163176186201189208235221
Operating Profit-936403110285113152110126166183140
OPM %-13%28%25%21%40%34%39%45%35%40%44%44%39%
Other Income56-546493-1144668
Interest36393436393837414550485332
Depreciation29302830303028303135353739
Profit before tax-69-28-26-303921141713744899978
Tax %-40%-50%-45%-62%27%26%27%49%-138%18%20%17%22%
Net Profit-42-14-14-112916102378936718261
EPS in Rs-2.03-0.67-0.71-0.561.390.774.991.794.321.773.444.012.78

Last Updated: September 12, 2024, 1:25 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 12, 2024, 1:25 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales5014415827377969879812865081,1281,4171,467
Expenses403377446624551668644279409676833852
Operating Profit9864136113245319337798453585615
OPM %20%14%23%15%31%32%34%2%19%40%41%42%
Other Income-421813311-6644241411922024
Interest137161216218212266146152144154197183
Depreciation606299127112115113117118117138146
Profit before tax-141-141-16679-145-18101-248-153273269310
Tax %-23%-10%-32%-61%-36%-58%1%-44%-47%33%-3%
Net Profit-109-126-112127-93-8100-139-81183278250
EPS in Rs-7.15-8.31-7.398.38-5.43-0.375.01-6.78-3.988.9413.5412.00
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-15.60%11.11%213.39%-173.23%91.40%1350.00%-239.00%41.73%325.93%51.91%
Change in YoY Net Profit Growth (%)0.00%26.71%202.28%-386.62%264.63%1258.60%-1589.00%280.73%284.20%-274.01%

Chalet Hotels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:8%
3 Years:71%
TTM:22%
Compounded Profit Growth
10 Years:25%
5 Years:135%
3 Years:59%
TTM:-67%
Stock Price CAGR
10 Years:%
5 Years:18%
3 Years:49%
1 Year:45%
Return on Equity
10 Years:1%
5 Years:4%
3 Years:8%
Last Year:16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:31 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital152152152152171205205205205205205218
Reserves5084803653153241,2181,3501,2111,1361,3371,6462,596
Borrowings1,7592,0722,3512,6362,7251,5461,9022,0582,5972,8533,0052,074
Other Liabilities5675384874494325625795455275629221,150
Total Liabilities2,9873,2423,3553,5523,6523,5314,0354,0194,4654,9575,7786,039
Fixed Assets1,2762,2952,3902,8392,8192,7533,0193,0803,4133,8544,4064,654
CWIP5724932212234883632983769
Investments12134704554671020
Other Assets1,1288858866928077389248991,0139991,3251,296
Total Assets2,9873,2423,3553,5523,6523,5314,0354,0194,4654,9575,7786,039

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +792012493662526062477689
Cash from Investing Activity +-172329-118147-391-50-396-591-620
Cash from Financing Activity +53-463-157-523133-34411126-108
Net Cash Flow-4067-26-10-6-247712-38

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow97.0062.00134.00111.00243.00318.00336.005.0096.00451.00582.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days118111525181639311914
Inventory Days2,2831,3051,8716,6593,0301,6051,973
Days Payable6294014551,267602549716
Cash Conversion Cycle11811151,6799211,4325,4312,4601,0751,271
Working Capital Days26-554423-38-50-4311510039-9
ROCE %1%2%6%6%8%8%-3%0%9%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters71.65%71.65%71.65%71.65%71.65%71.65%71.65%71.65%71.69%71.69%71.66%67.52%
FIIs1.79%2.13%2.14%2.16%1.82%1.89%2.04%2.97%2.51%3.09%4.24%6.81%
DIIs20.68%20.88%20.99%21.33%21.89%22.34%22.52%21.50%21.82%20.72%19.61%21.47%
Public5.88%5.34%5.22%4.86%4.65%4.12%3.79%3.88%3.98%4.50%4.48%4.20%
No. of Shareholders30,76129,80730,69230,74031,41031,28932,41436,78444,00351,81261,45467,068

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Equity & Debt Fund3,527,2780.76297.541,058,4822024-11-20233.24%
Sundaram Mid Cap Fund1,791,0311.21151.081,058,4822024-11-2069.21%
ICICI Prudential ELSS Tax Saver Fund1,058,4820.6189.291,058,4822024-11-200%
SBI Consumption Opportunities Fund705,1592.2259.481,058,4822024-11-20-33.38%
SBI Flexi Cap Fund631,3130.2353.251,058,4822024-11-20-40.36%
Sundaram Small Cap Fund626,5101.5552.851,058,4822024-11-20-40.81%
ICICI Prudential Large & Mid Cap Fund325,1490.1727.431,058,4822024-11-20-69.28%
Sundaram Multi Cap Fund323,0720.9627.251,058,4822024-11-20-69.48%
ICICI Prudential Multicap Fund232,2870.1419.591,058,4822024-11-20-78.05%
ICICI Prudential Exports and Services Fund182,2881.1115.381,058,4822024-11-20-82.78%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.548.94-3.98-6.785.01
Diluted EPS (Rs.)13.538.94-3.98-6.785.01
Cash EPS (Rs.)20.2714.661.80-1.0610.39
Book Value[Excl.RevalReserv]/Share (Rs.)87.4072.5863.2769.0575.81
Book Value[Incl.RevalReserv]/Share (Rs.)87.4072.5863.2769.0575.81
Revenue From Operations / Share (Rs.)68.9755.0424.7714.3647.85
PBDIT / Share (Rs.)29.4124.505.871.4317.78
PBIT / Share (Rs.)22.6818.780.09-4.2912.25
PBT / Share (Rs.)13.1113.31-7.16-11.914.92
Net Profit / Share (Rs.)13.548.94-3.97-6.794.86
NP After MI And SOA / Share (Rs.)13.548.94-3.98-6.785.01
PBDIT Margin (%)42.6444.5123.719.9837.15
PBIT Margin (%)32.8834.110.39-29.9125.60
PBT Margin (%)19.0024.17-28.92-82.9510.27
Net Profit Margin (%)19.6216.24-16.04-47.2610.15
NP After MI And SOA Margin (%)19.6216.24-16.05-47.2410.46
Return on Networth / Equity (%)15.4812.31-6.28-9.826.60
Return on Capital Employeed (%)12.149.990.05-2.727.65
Return On Assets (%)4.833.71-1.83-3.482.55
Long Term Debt / Equity (X)0.921.361.521.160.99
Total Debt / Equity (X)1.531.751.821.221.03
Asset Turnover Ratio (%)0.260.240.110.070.26
Current Ratio (X)0.460.650.740.720.89
Quick Ratio (X)0.170.270.280.210.36
Interest Coverage Ratio (X)3.073.250.830.192.49
Interest Coverage Ratio (Post Tax) (X)2.411.910.510.131.71
Enterprise Value (Cr.)20969.1610107.748601.004810.495758.17
EV / Net Operating Revenue (X)14.808.9616.9416.345.87
EV / EBITDA (X)34.7020.1271.43163.6815.80
MarketCap / Net Operating Revenue (X)12.816.5912.1410.234.26
Price / BV (X)10.115.004.752.132.69
Price / Net Operating Revenue (X)12.816.5912.1410.234.26
EarningsYield0.010.02-0.01-0.040.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Chalet Hotels Ltd as of November 21, 2024 is: 5,265.31

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 21, 2024, Chalet Hotels Ltd is Undervalued by 525.33% compared to the current share price 842.00

Intrinsic Value of Chalet Hotels Ltd as of November 21, 2024 is: 9,564.65

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 21, 2024, Chalet Hotels Ltd is Undervalued by 1,035.94% compared to the current share price 842.00

Last 5 Year EPS CAGR: 81.65%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 13.82, which is a positive sign.
  2. The company has shown consistent growth in sales (485.17 cr) and profit (1.67 cr) over the years.
  1. The stock has a low average ROCE of 4.27%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 88.82, which may not be favorable.
  3. The company has higher borrowings (2,298.17) compared to reserves (1,040.50), which may suggest financial risk.

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 Chalet Hotels Ltd:
    1. Net Profit Margin: 19.62%
      • 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: 12.14% (Industry Average ROCE: 12.66%)
      • 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%: 15.48% (Industry Average ROE: 15.98%)
      • 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): 2.41
      • 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: 0.17
      • 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: 244 (Industry average Stock P/E: 112.58)
      • 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: 1.53
      • 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

Chalet Hotels Ltd. is a Public Limited Listed company incorporated on 06/01/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L55101MH1986PLC038538 and registration number is 038538. Currently Company is involved in the business activities of Activities of head offices. Company’s Total Operating Revenue is Rs. 480.80 Cr. and Equity Capital is Rs. 205.02 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsRaheja Tower, Mumbai Maharashtra 400051companysecretary@chalethotels.com
http://www.chalethotels.com
Management
NamePosition Held
Mr. Hetal GandhiChairman & Ind.Director
Mr. Sanjay SethiManaging Director & CEO
Mr. Neel C RahejaNon Executive Director
Mr. Ravi C RahejaNon Executive Director
Mr. Arthur William De HaastIndependent Director
Ms. Radhika PiramalIndependent Director
Mr. Joseph Conrad D�SouzaIndependent Director

FAQ

What is the latest intrinsic value of Chalet Hotels Ltd?

The latest intrinsic value of Chalet Hotels Ltd as on 21 November 2024 is ₹5265.31, which is 525.33% higher than the current market price of ₹842.00.

What is the Market Cap of Chalet Hotels Ltd?

The Market Cap of Chalet Hotels Ltd is 18,363 Cr..

What is the current Stock Price of Chalet Hotels Ltd as on 21 November 2024?

The current stock price of Chalet Hotels Ltd as on 21 November 2024 is ₹842.

What is the High / Low of Chalet Hotels Ltd stocks in FY 2024?

In FY 2024, the High / Low of Chalet Hotels Ltd stocks is 959/561.

What is the Stock P/E of Chalet Hotels Ltd?

The Stock P/E of Chalet Hotels Ltd is 244.

What is the Book Value of Chalet Hotels Ltd?

The Book Value of Chalet Hotels Ltd is 129.

What is the Dividend Yield of Chalet Hotels Ltd?

The Dividend Yield of Chalet Hotels Ltd is 0.00 %.

What is the ROCE of Chalet Hotels Ltd?

The ROCE of Chalet Hotels Ltd is 10.1 %.

What is the ROE of Chalet Hotels Ltd?

The ROE of Chalet Hotels Ltd is 16.4 %.

What is the Face Value of Chalet Hotels Ltd?

The Face Value of Chalet Hotels Ltd is 10.0.

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 Chalet 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