Kamat Hotels (India) Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 23, 2024, 10:42 pm

Market Cap	697 Cr.
Current Price	237
High / Low	374/175
Stock P/E	33.4
Book Value	81.8
Dividend Yield	0.00 %
ROCE	17.5 %
ROE	10.6 %
Face Value	10.0
PEG Ratio	0.32

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Kamat Hotels (India) Ltd

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	7,233 Cr.	358	505/347	65.6	29.1	0.00 %	9.24 %	24.0 %	10.0
Kamat Hotels (India) Ltd	697 Cr.	237	374/175	33.4	81.8	0.00 %	17.5 %	10.6 %	10.0
Asian Hotels (North) Ltd	469 Cr.	240	240/108		1.19	0.00 %	4.43 %	73.7 %	10.0
Industry Average	2,799.67 Cr	278.33		49.50	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	13.80	33.12	51.38	46.20	68.94	61.73	83.81	80.50	69.62	64.00	86.13	84.51	73.76
Expenses	16.07	25.18	34.10	32.89	39.58	43.06	50.58	53.03	46.56	45.38	60.15	61.45	60.54
Operating Profit	-2.27	7.94	17.28	13.31	29.36	18.67	33.23	27.47	23.06	18.62	25.98	23.06	13.22
OPM %	-16.45%	23.97%	33.63%	28.81%	42.59%	30.24%	39.65%	34.12%	33.12%	29.09%	30.16%	27.29%	17.92%
Other Income	0.23	0.24	0.32	0.36	1.21	0.49	11.20	232.16	-0.45	2.34	34.70	4.85	4.90
Interest	11.60	13.05	12.46	13.34	12.85	12.86	6.04	-9.70	16.10	16.36	13.18	14.91	11.40
Depreciation	4.31	4.26	4.26	4.19	3.77	3.85	4.01	3.84	3.94	4.10	4.87	4.78	4.76
Profit before tax	-17.95	-9.13	0.88	-3.86	13.95	2.45	34.38	265.49	2.57	0.50	42.63	8.22	1.96
Tax %	-20.17%	-25.30%	-44.32%	-28.24%	16.99%	3.67%	19.23%	-2.14%	56.81%	92.00%	2.46%	74.09%	45.41%
Net Profit	-14.33	-6.83	1.25	-2.76	11.58	2.37	27.77	271.16	1.11	0.03	41.57	2.13	1.07
EPS in Rs	-6.08	-2.90	0.53	-1.17	4.91	1.00	11.77	109.99	0.45	0.01	16.86	0.82	0.40

Last Updated: October 16, 2024, 5:12 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 16, 2024, 5:12 pm

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	167	159	162	182	183	201	236	222	66	144	295	304	308
Expenses	134	121	130	142	130	147	164	158	58	108	186	214	228
Operating Profit	33	38	33	40	53	54	72	64	8	36	109	91	81
OPM %	20%	24%	20%	22%	29%	27%	31%	29%	12%	25%	37%	30%	26%
Other Income	0	8	5	19	40	-195	-4	16	5	1	245	41	47
Interest	85	72	81	41	28	16	22	37	42	50	22	61	56
Depreciation	24	25	31	25	24	23	18	18	18	17	15	18	19
Profit before tax	-75	-52	-74	-7	41	-180	28	24	-46	-30	316	54	53
Tax %	-17%	-18%	-11%	483%	-1%	7%	39%	-2%	-21%	-25%	1%	17%
Net Profit	-62	-42	-65	-39	42	-192	17	25	-36	-23	313	45	45
EPS in Rs	-32.66	-17.93	-27.66	-16.71	17.62	-81.50	7.16	10.50	-15.39	-9.61	126.91	17.31	18.09
Dividend Payout %	0%	0%	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 (%)	32.26%	-54.76%	40.00%	207.69%	-557.14%	108.85%	47.06%	-244.00%	36.11%	1460.87%	-85.62%
Change in YoY Net Profit Growth (%)	0.00%	-87.02%	94.76%	167.69%	-764.84%	666.00%	-61.80%	-291.06%	280.11%	1424.76%	-1546.49%

Kamat Hotels (India) Ltd 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:	7%
5 Years:	5%
3 Years:	66%
TTM:	11%

Compounded Profit Growth
10 Years:	9%
5 Years:	-2%
3 Years:	35%
TTM:	-68%

Stock Price CAGR
10 Years:	13%
5 Years:	46%
3 Years:	70%
1 Year:	-15%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:19 pm

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	20	24	24	24	24	24	24	24	24	24	25	26	30
Reserves	146	105	32	-8	4	-189	-172	-147	-183	-205	129	179	211
Borrowings	673	656	669	664	621	547	495	458	470	460	346	265	215
Other Liabilities	100	105	129	175	144	120	137	151	154	188	109	147	146
Total Liabilities	939	889	855	855	793	503	484	486	465	467	609	618	602
Fixed Assets	768	744	708	685	622	386	375	373	356	348	363	394	386
CWIP	36	2	0	0	1	0	0	5	6	1	2	4	6
Investments	0	0	0	0	4	4	5	1	1	0	3	4	4
Other Assets	134	143	146	170	166	112	104	106	102	117	241	217	206
Total Assets	939	889	855	855	793	503	484	486	465	467	609	618	602

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 +	45	34	29	59	30	115	79	74	1	31	116	72
Cash from Investing Activity +	-44	4	5	-3	3	-0	-7	-8	-4	-5	-41	146
Cash from Financing Activity +	0	-38	-33	-57	-30	-117	-74	-58	5	-17	-89	-219
Net Cash Flow	1	1	0	-1	4	-3	-2	8	2	9	-13	-2

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	-640.00	-618.00	-636.00	-624.00	-568.00	-493.00	-423.00	-394.00	-462.00	-424.00	-237.00	-174.00

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	29	37	28	22	17	31	20	17	31	25	11	10
Inventory Days	94	100	111	111	117	62	54	56	102	53	55	59
Days Payable	509	596	446	715	347	363	331	490	1,261	532	343	433
Cash Conversion Cycle	-386	-459	-307	-582	-213	-271	-257	-417	-1,128	-453	-277	-364
Working Capital Days	-580	-1,016	-1,162	-860	-676	-796	-484	-536	-639	-387	-84	-89
ROCE %	2%	3%	1%	3%	6%	7%	15%	14%	-3%	7%	26%	18%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Aug 2024
Promoters	60.90%	60.90%	60.90%	60.90%	60.90%	62.59%	61.47%	61.47%	61.47%	63.34%	64.20%	57.78%
FIIs	0.19%	0.00%	0.14%	0.00%	0.04%	0.35%	0.50%	0.38%	0.51%	0.25%	0.00%	0.00%
DIIs	3.14%	3.38%	3.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.53%
Public	35.77%	35.72%	35.78%	39.09%	39.06%	37.05%	38.03%	38.15%	38.01%	36.40%	35.79%	37.68%
No. of Shareholders	18,045	18,434	18,803	18,166	16,709	16,219	15,260	15,103	14,620	24,837	25,210	24,653

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	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	17.52	132.31	-9.61	-15.39	10.50
Diluted EPS (Rs.)	15.80	131.06	-9.61	-15.39	10.50
Cash EPS (Rs.)	23.28	129.01	-2.17	-7.48	17.88
Book Value[Excl.RevalReserv]/Share (Rs.)	77.61	61.05	-74.95	-65.67	-50.88
Book Value[Incl.RevalReserv]/Share (Rs.)	77.61	61.05	-74.95	-65.67	-50.88
Revenue From Operations / Share (Rs.)	114.87	116.84	59.77	27.30	91.83
PBDIT / Share (Rs.)	38.42	44.65	15.65	4.28	26.80
PBIT / Share (Rs.)	31.75	38.52	8.60	-2.97	19.29
PBT / Share (Rs.)	20.04	124.21	-12.27	-18.71	10.16
Net Profit / Share (Rs.)	16.61	122.87	-9.21	-14.74	10.37
NP After MI And SOA / Share (Rs.)	16.93	123.96	-9.38	-15.01	10.25
PBDIT Margin (%)	33.44	38.21	26.17	15.68	29.18
PBIT Margin (%)	27.63	32.96	14.39	-10.89	21.01
PBT Margin (%)	17.44	106.30	-20.52	-68.54	11.06
Net Profit Margin (%)	14.45	105.15	-15.40	-53.97	11.29
NP After MI And SOA Margin (%)	14.73	106.08	-15.69	-54.99	11.16
Return on Networth / Equity (%)	21.80	203.05	0.00	0.00	-20.14
Return on Capital Employeed (%)	17.31	25.61	-19.24	13.50	34.60
Return On Assets (%)	7.25	51.35	-4.85	-7.81	5.10
Long Term Debt / Equity (X)	0.92	1.22	-0.21	-0.40	-1.68
Total Debt / Equity (X)	0.97	2.12	-2.43	-0.40	-1.68
Asset Turnover Ratio (%)	0.49	0.54	0.26	0.12	0.41
Current Ratio (X)	0.62	0.56	0.07	0.05	0.11
Quick Ratio (X)	0.58	0.54	0.06	0.05	0.10
Interest Coverage Ratio (X)	1.68	5.11	0.74	0.24	1.74
Interest Coverage Ratio (Post Tax) (X)	1.24	4.26	0.55	0.05	1.26
Enterprise Value (Cr.)	828.28	636.88	586.32	121.00	231.60
EV / Net Operating Revenue (X)	2.72	2.16	4.06	1.83	1.04
EV / EBITDA (X)	8.14	5.65	15.50	11.69	3.57
MarketCap / Net Operating Revenue (X)	2.18	1.13	1.17	1.08	0.18
Price / BV (X)	3.22	2.16	-0.93	-0.44	-0.34
Price / Net Operating Revenue (X)	2.18	1.13	1.17	1.08	0.18
EarningsYield	0.06	0.93	-0.13	-0.50	0.59

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kamat Hotels (India) Ltd as of December 23, 2024 is: 295.40

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 23, 2024, Kamat Hotels (India) Ltd is Undervalued by 24.64% compared to the current share price 237.00

Intrinsic Value of Kamat Hotels (India) Ltd as of December 23, 2024 is: 599.69

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 23, 2024, Kamat Hotels (India) Ltd is Undervalued by 153.03% compared to the current share price 237.00

Last 5 Year EPS CAGR: 103.01%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -427.75, which is a positive sign. The stock has a low average Cash Conversion Cycle of -332.25, which is a positive sign. The company has shown consistent growth in sales (202.23 cr) and profit (4.00 cr) over the years.	The stock has a low average ROCE of 8.25%, which may not be favorable. The company has higher borrowings (503.00) compared to reserves (-7.54), 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 Kamat Hotels (India) Ltd:
1. Net Profit Margin: 14.45%
  - 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: 17.31% (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%: 21.8% (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): 1.24
  - 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: 0.58
  - 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: 33.4 (Industry average Stock P/E: 33)
  - 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: 0.97
  - 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

Kamat Hotels (India) Ltd. is a Public Limited Listed company incorporated on 21/03/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L55101MH1986PLC039307 and registration number is 039307. Currently company belongs to the Industry of Hotels, Resorts & Restaurants. Company’s Total Operating Revenue is Rs. 108.19 Cr. and Equity Capital is Rs. 24.17 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Hotels, Resorts & Restaurants	70-C, Nehru Road, Mumbai Maharashtra 400099	cs@khil.com http://www.khil.com

Management
Name	Position Held
Dr. Vithal V Kamat	Exe.Chairman & Mng.Director
Mr. Vishal V Kamat	Executive Director
Ms. Vidita V Kamat	Non Exe.Non Ind.Director
Mr. Sanjeev B Rajgarhia	Independent Director
Mr. Vilas R Koranne	Independent Director
Mr. Ramnath P Sarang	Independent Director
Mrs. Harinder Pal Kaur	Independent Director
Mr. Tej Mayur Contractor	Independent Director
Mr. Ajit Nai	Independent Director

FAQ

What is the latest intrinsic value of Kamat Hotels (India) Ltd?

The latest intrinsic value of Kamat Hotels (India) Ltd as on 23 December 2024 is ₹295.40, which is 24.64% higher than the current market price of ₹237.00. The stock has a market capitalization of 697 Cr. and recorded a high/low of 374/175 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹211 Cr and total liabilities of ₹602 Cr.

What is the Market Cap of Kamat Hotels (India) Ltd?

The Market Cap of Kamat Hotels (India) Ltd is 697 Cr..

What is the current Stock Price of Kamat Hotels (India) Ltd as on 23 December 2024?

The current stock price of Kamat Hotels (India) Ltd as on 23 December 2024 is 237.

What is the High / Low of Kamat Hotels (India) Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Kamat Hotels (India) Ltd stocks is 374/175.

What is the Stock P/E of Kamat Hotels (India) Ltd?

The Stock P/E of Kamat Hotels (India) Ltd is 33.4.

What is the Book Value of Kamat Hotels (India) Ltd?

The Book Value of Kamat Hotels (India) Ltd is 81.8.

What is the Dividend Yield of Kamat Hotels (India) Ltd?

The Dividend Yield of Kamat Hotels (India) Ltd is 0.00 %.

What is the ROCE of Kamat Hotels (India) Ltd?

The ROCE of Kamat Hotels (India) Ltd is 17.5 %.

What is the ROE of Kamat Hotels (India) Ltd?

The ROE of Kamat Hotels (India) Ltd is 10.6 %.

What is the Face Value of Kamat Hotels (India) Ltd?

The Face Value of Kamat Hotels (India) Ltd is 10.0.