Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indian Hotels Co Ltd

Basic Stock Data

Last Updated: June 19, 2024, 2:21 pm

Market Cap 87,890 Cr.
Current Price 617
High / Low626/371
Stock P/E70.7
Book Value 66.4
Dividend Yield0.27 %
ROCE15.1 %
ROE14.3 %
Face Value 1.00
PEG Ratio2.62

Competitors of Indian Hotels Co Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Best Eastern Hotels Ltd 29.2 Cr. 17.336.0/14.5208 1.380.00 %8.55 %5.75 % 1.00
Coffee Day Enterprises Ltd 1,203 Cr. 56.974.6/28.97.03 1350.00 %2.87 %5.64 % 10.0
Speciality Restaurants Ltd 845 Cr. 176287/15331.7 64.41.45 %10.6 %9.00 % 10.0
Dhanada Corporation Ltd 12.9 Cr. 2.302.54/1.48 0.670.00 %4.35 %331 % 1.00
Kamat Hotels (India) Ltd 603 Cr. 233374/18729.7 79.40.00 %17.7 %11.7 % 10.0
Industry Average4,488.33 Cr615.1940.8989.920.24%11.09%32.80%6.35

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales6153457281,1118721,2661,2331,6861,6251,4661,4331,9641,905
Expenses5444936567897138889391,0891,0901,0561,0781,2311,246
Operating Profit71-14973322159378294597535410355732660
OPM %12%-43%10%29%18%30%24%35%33%28%25%37%35%
Other Income37461312991837582949484046
Interest106110114125796260575757595352
Depreciation104103102100102103103103108109111114120
Profit before tax-102-315-13010977231169495400294232605535
Tax %12%14%9%21%-3%28%26%23%24%28%31%28%26%
Net Profit-98-302-1319672181130404339236179477438
EPS in Rs-0.69-2.10-0.910.580.521.200.862.692.311.571.183.182.93

Last Updated: June 9, 2024, 3:05 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:12 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales3,7434,0664,1894,0234,0214,1044,5124,4631,5753,0565,8106,769
Expenses3,2023,5043,7623,4113,4113,4323,6823,4961,9372,6514,0054,609
Operating Profit542562427612610671830968-3624051,8052,160
OPM %14%14%10%15%15%16%18%22%-23%13%31%32%
Other Income-374-497-193-43448390173325171142181
Interest171169176376324269190341403428236220
Depreciation288308291285299301328404410406416454
Profit before tax-292-412-232-9131184402396-850-2581,2951,666
Tax %-34%-27%-49%-99%372%66%39%11%18%14%25%28%
Net Profit-389-536-347-203-46104296364-796-2651,0531,330
EPS in Rs-4.00-5.14-3.51-1.75-0.480.762.172.68-5.45-1.747.068.85
Dividend Payout %-15%0%0%-13%-55%47%21%17%-7%-23%14%20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-37.79%35.26%41.50%77.34%326.09%184.62%22.97%-318.68%66.71%497.36%26.31%
Change in YoY Net Profit Growth (%)0.00%73.05%6.24%35.84%248.75%-141.47%-161.64%-341.65%385.39%430.65%-471.05%

Growth

Compounded Sales Growth
10 Years:5%
5 Years:8%
3 Years:63%
TTM:17%
Compounded Profit Growth
10 Years:29%
5 Years:35%
3 Years:51%
TTM:32%
Stock Price CAGR
10 Years:25%
5 Years:31%
3 Years:76%
1 Year:61%
Return on Equity
10 Years:3%
5 Years:4%
3 Years:9%
Last Year:14%

Last Updated: May 1, 2024, 8:04 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital768181819999119119119119142142142
Reserves2,8942,8992,5562,1462,4812,4194,0624,2294,2383,5306,9207,8408,142
Borrowings3,8033,8184,2525,0744,5263,3832,4272,3264,5015,5183,8883,1392,718
Other Liabilities2,4572,4942,6262,5822,6912,6982,7062,8402,5842,2682,0522,3912,560
Total Liabilities9,2309,2919,5149,8849,7978,5999,3149,51411,44211,43513,00213,51213,561
Fixed Assets5,7065,8966,2156,2996,7625,8156,1636,4228,0598,4388,4158,8198,954
CWIP351422554306290223197116244165194332402
Investments1,9041,5631,4271,5871,5151,2441,5111,3351,4271,4831,9671,8911,696
Other Assets1,2691,4111,3181,6921,2311,3171,4431,6411,7121,3492,4262,4702,509
Total Assets9,2309,2919,5149,8849,7978,5999,3149,51411,44211,43513,00213,51213,561

Reserves and Borrowings Chart

Indian Hotels Co Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 547502539495619535492711823-3196721,619
Cash from Investing Activity 455-345-297-726341848-521-387-497-118-1,641-138
Cash from Financing Activity -1,052-117-212491-1,196-1,38196-343-2652801,659-1,528
Net Cash Flow-503930260-237167-1962-157689-47

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow539.00558.00422.00608.00607.00669.00828.00964.00-367.00402.00-2.000.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days312725262225292624513028
Inventory Days87938785808183739223614384
Days Payable316305292273286294330294383807550368
Cash Conversion Cycle-198-186-179-162-184-189-217-195-268-520-376-256
Working Capital Days-85-32-126-63-157-112-68-109-81-220-88-51
ROCE %5%4%4%4%5%5%6%8%7%-6%1%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters40.75%40.75%41.05%38.19%38.19%38.19%38.19%38.19%38.19%38.19%38.12%38.12%
FIIs12.56%13.48%15.19%16.03%15.07%16.25%19.00%18.24%21.64%22.17%23.28%24.47%
DIIs27.85%26.93%25.16%28.51%29.56%29.19%26.55%27.47%24.05%23.13%22.19%20.65%
Government0.14%0.14%0.14%0.13%0.13%0.13%0.13%0.13%0.13%0.14%0.14%0.14%
Public18.70%18.70%18.47%17.14%17.05%16.22%16.12%15.97%15.98%16.38%16.27%16.63%
No. of Shareholders2,39,9792,61,0463,57,5953,41,8153,79,5604,00,1074,23,4884,30,8964,48,7424,83,9614,85,6095,35,253

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan46,977,1583.682059.2419,466,7372024-06-17141.32%
Axis Midcap Fund19,466,7373.47853.3219,466,7372024-06-170%
Nippon India Multi Cap Fund12,000,0002.14526.0219,466,7372024-06-17-38.36%
Axis ELSS Tax Saver Fund11,548,9321.48506.2519,466,7372024-06-17-40.67%
Canara Robeco Emerging Equities10,407,5672.29456.2219,466,7372024-06-17-46.54%
Nippon India Large Cap Fund10,000,0662.17438.3519,466,7372024-06-17-48.63%
SBI Magnum Midcap Fund8,682,3972.46380.5919,466,7372024-06-17-55.4%
Nippon India Growth Fund6,000,0001.12263.0119,466,7372024-06-17-69.18%
Nippon India ELSS Tax Saver Fund5,900,0001.84258.6319,466,7372024-06-17-69.69%
SBI Large & Midcap Fund5,600,0001.3245.4819,466,7372024-06-17-71.23%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)8.867.06-1.97-6.052.98
Diluted EPS (Rs.)8.867.06-1.97-6.052.98
Cash EPS (Rs.)11.639.771.29-2.396.35
Book Value[Excl.RevalReserv]/Share (Rs.)71.1660.8453.9036.0143.06
Book Value[Incl.RevalReserv]/Share (Rs.)71.1660.8453.9036.0143.06
Revenue From Operations / Share (Rs.)47.5540.9021.5213.2437.53
PBDIT / Share (Rs.)16.4413.683.94-1.669.25
PBIT / Share (Rs.)13.2510.751.08-5.105.85
PBT / Share (Rs.)11.709.11-1.82-7.143.33
Net Profit / Share (Rs.)8.446.84-1.57-5.842.95
NP After MI And SOA / Share (Rs.)8.857.06-1.74-6.052.98
PBDIT Margin (%)34.5733.4518.32-12.5024.64
PBIT Margin (%)27.8526.285.03-38.5115.58
PBT Margin (%)24.6022.28-8.44-53.938.86
Net Profit Margin (%)17.7516.72-7.27-44.077.85
NP After MI And SOA Margin (%)18.6017.25-8.10-45.717.94
Return on Networth / Equity (%)13.3112.56-3.50-19.738.13
Return on Capital Employeed (%)14.6613.221.38-7.087.23
Return On Assets (%)8.477.33-1.89-6.253.07
Long Term Debt / Equity (X)0.000.040.190.600.48
Total Debt / Equity (X)0.020.100.280.670.52
Asset Turnover Ratio (%)0.470.290.170.100.29
Current Ratio (X)1.541.221.360.390.75
Quick Ratio (X)1.481.171.310.350.70
Dividend Payout Ratio (NP) (%)11.415.66-19.20-8.2516.77
Dividend Payout Ratio (CP) (%)8.384.0030.04-19.157.83
Earning Retention Ratio (%)88.5994.34119.20108.2583.23
Cash Earning Retention Ratio (%)91.6296.0069.96119.1592.17
Interest Coverage Ratio (X)10.638.231.31-0.483.22
Interest Coverage Ratio (Post Tax) (X)6.465.100.44-1.121.91
Enterprise Value (Cr.)83619.8146502.7035252.3016136.6411649.23
EV / Net Operating Revenue (X)12.358.0011.5310.242.61
EV / EBITDA (X)35.7323.9362.96-81.9010.59
MarketCap / Net Operating Revenue (X)12.447.9311.088.372.00
Retention Ratios (%)88.5894.33119.20108.2583.22
Price / BV (X)8.905.774.793.622.04
Price / Net Operating Revenue (X)12.447.9311.088.372.00
EarningsYield0.010.02-0.01-0.050.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 673.12

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.

Undervalued: 9.10% compared to the current price 617

Intrinsic Value: 854.78

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 38.54% compared to the current price ₹617

Last 5 Year EPS CAGR: 26.99%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -99.33, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -244.17, which is a positive sign.
  3. The company has higher reserves (4,386.17 cr) compared to borrowings (3,799.00 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 4.67%, which may not be favorable.
  2. The company has not shown consistent growth in sales (3.83) and profit (-93.33).

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 Indian Hotels Co Ltd:
    1. Net Profit Margin: 17.75%
      • 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: 14.66% (Industry Average ROCE: %)
      • 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%: 13.31% (Industry Average ROE: %)
      • 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): 6.46
      • 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: 1.48
      • 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: 70.7 (Industry average Stock P/E: )
      • 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

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
Industry not foundAddress not foundContact not found
Management Data not Available

FAQ

What is the latest fair value of Indian Hotels Co Ltd?

The latest fair value of Indian Hotels Co Ltd is ₹673.12.

What is the Market Cap of Indian Hotels Co Ltd?

The Market Cap of Indian Hotels Co Ltd is 87,890 Cr..

What is the current Stock Price of Indian Hotels Co Ltd as on 23 June 2024?

The current stock price of Indian Hotels Co Ltd as on 23 June 2024 is ₹617.

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

In FY 2024, the High / Low of Indian Hotels Co Ltd stocks is 626/371.

What is the Stock P/E of Indian Hotels Co Ltd?

The Stock P/E of Indian Hotels Co Ltd is 70.7.

What is the Book Value of Indian Hotels Co Ltd?

The Book Value of Indian Hotels Co Ltd is 66.4.

What is the Dividend Yield of Indian Hotels Co Ltd?

The Dividend Yield of Indian Hotels Co Ltd is 0.27 %.

What is the ROCE of Indian Hotels Co Ltd?

The ROCE of Indian Hotels Co Ltd is 15.1 %.

What is the ROE of Indian Hotels Co Ltd?

The ROE of Indian Hotels Co Ltd is 14.3 %.

What is the Face Value of Indian Hotels Co Ltd?

The Face Value of Indian Hotels Co 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 Indian Hotels Co 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