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Last Updated on: 23 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 533088 | NSE: MHRIL

Mahindra Holidays & Resorts India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 23, 2024, 4:52 pm

Market Cap 7,251 Cr.
Current Price 359
High / Low 505/347
Stock P/E65.8
Book Value 29.1
Dividend Yield0.00 %
ROCE9.24 %
ROE24.0 %
Face Value 10.0
PEG Ratio1.31

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

View Share Price Target for Mahindra Holidays & Resorts India Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mahindra Holidays & Resorts India Ltd 7,251 Cr. 359 505/34765.8 29.10.00 %9.24 %24.0 % 10.0
Kamat Hotels (India) Ltd 693 Cr. 235 374/17533.2 81.80.00 %17.5 %10.6 % 10.0
Asian Hotels (North) Ltd 466 Cr. 238 240/108 1.190.00 %4.43 %73.7 % 10.0
Industry Average2,803.33 Cr277.3349.5037.360.00%10.39%36.10%10.00

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales370.88546.40553.44542.58604.85598.36602.17711.61614.31655.27634.82800.19652.86
Expenses343.06428.06472.45454.63505.17481.88511.41546.91530.37519.70529.69612.77548.09
Operating Profit27.82118.3480.9987.9599.68116.4890.76164.7083.94135.57105.13187.42104.77
OPM %7.50%21.66%14.63%16.21%16.48%19.47%15.07%23.14%13.66%20.69%16.56%23.42%16.05%
Other Income47.4246.8931.0240.2632.2528.8322.8023.7737.6316.9031.6230.1533.23
Interest28.1520.5124.0426.6723.4122.7039.9032.6131.6033.2844.9122.4335.30
Depreciation66.5366.5767.9369.7368.8870.0772.3378.7181.2583.7985.5486.0388.66
Profit before tax-19.4478.1520.0431.8139.6452.541.3377.158.7235.406.30109.1114.04
Tax %10.03%23.52%33.18%50.11%24.77%21.20%1,130.08%27.00%89.68%39.46%-67.14%23.74%56.70%
Net Profit-21.3859.7613.3815.8729.8241.39-13.7256.310.8921.4310.5383.216.08
EPS in Rs-1.072.940.680.811.482.03-0.592.800.011.060.584.080.29

Last Updated: September 30, 2024, 9:37 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 30, 2024, 9:37 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales7286768121,6022,2672,3172,2392,3721,7302,0132,5172,7052,743
Expenses5615096231,3291,9321,9482,0551,9961,4891,6912,0362,1822,210
Operating Profit167167189273335369184375241323481522533
OPM %23%25%23%17%15%16%8%16%14%16%19%19%19%
Other Income514-4-427345558116163106114112
Interest2811253286408591105126140136
Depreciation27396698106100101247264271290337344
Profit before tax143134107146224217981012111171160165
Tax %36%35%25%38%35%39%39%232%667%39%33%27%
Net Profit9187819014613360-134-1468114116121
EPS in Rs4.774.364.074.347.446.613.02-6.59-0.653.375.725.726.01
Dividend Payout %39%40%43%51%30%40%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-4.40%-6.90%11.11%62.22%-8.90%-54.89%-323.33%89.55%585.71%67.65%1.75%
Change in YoY Net Profit Growth (%)0.00%-2.50%18.01%51.11%-71.13%-45.98%-268.45%412.89%496.16%-518.07%-65.89%

Mahindra Holidays & Resorts 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:15%
5 Years:4%
3 Years:16%
TTM:7%
Compounded Profit Growth
10 Years:3%
5 Years:13%
3 Years:97%
TTM:67%
Stock Price CAGR
10 Years:12%
5 Years:18%
3 Years:23%
1 Year:-2%
Return on Equity
10 Years:16%
5 Years:12%
3 Years:31%
Last Year:24%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:35 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital8488888888133133133133200201202202
Reserves529673637418509579149-87-4850189323385
Borrowings731247057748108302,4342,4872,5672,6232,7382,945
Other Liabilities1,6231,8221,9812,4152,5872,9845,9326,1675,7485,8056,0856,3676,661
Total Liabilities2,2432,5862,8303,6253,9594,5057,0448,6488,3198,6219,0989,62910,194
Fixed Assets7629911,0321,3391,2731,4592,4393,8623,9714,1864,4184,5894,761
CWIP259789575171112227250124122182244299
Investments10131436110445332440677306573675819
Other Assets1,2121,5041,5612,1502,4112,4814,0554,1294,1474,0073,9244,1224,315
Total Assets2,2432,5862,8303,6253,9594,5057,0448,6488,3198,6219,0989,62910,194

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +21933201242276551263561382498681624
Cash from Investing Activity +-263-88-308-379-182-547-239-281-235-257-209-448
Cash from Financing Activity +-416078274-6-144-21-254-154-217-459-190
Net Cash Flow-865-3013788-140426-62314-13

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow160.00164.0065.00-432.00-439.00-441.00-646.00373.00239.00321.00479.00520.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days315456392213164169181192204175148149
Inventory Days703411540499418735746592609
Days Payable478245271250234409480413399
Cash Conversion Cycle315456392438330438431376530441327359
Working Capital Days1882942331531261191251502209410386
ROCE %24%19%17%16%19%20%10%10%4%8%10%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters67.27%67.22%67.22%67.20%67.08%67.03%67.00%66.95%66.81%66.77%66.77%66.76%
FIIs5.32%5.18%4.96%4.91%5.07%4.98%5.12%5.24%5.19%5.23%5.26%5.34%
DIIs11.15%10.48%9.71%9.66%8.31%8.16%8.13%8.29%10.41%10.59%10.70%10.45%
Public15.84%16.73%17.74%17.86%19.22%19.49%19.48%19.27%17.39%17.21%17.07%17.23%
Others0.43%0.38%0.37%0.36%0.32%0.32%0.28%0.25%0.21%0.21%0.21%0.20%
No. of Shareholders59,90162,11865,30068,99874,77375,45074,85377,09170,62075,93476,63679,175

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Hybrid Equity Fund - Regular Plan7,241,8471.2295.211,178,3762024-12-18514.56%
HDFC Mid-Cap Opportunities Fund - Regular Plan3,075,4320.17125.371,178,3762024-12-18160.99%
HDFC Childrens Gift Fund - Regular Plan1,760,1790.7371.751,178,3762024-12-1849.37%
UTI Aggressive Hybrid Fund1,178,3760.7848.041,178,3762024-12-180%
UTI Large & Mid Cap Fund909,1820.9437.061,178,3762024-12-18-22.84%
HDFC Retirement Savings Fund - Equity - Regular Plan794,2600.5432.381,178,3762024-12-18-32.6%
UTI Retirement Fund516,4570.4521.051,178,3762024-12-18-56.17%
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan150,0000.396.111,178,3762024-12-18-87.27%
Nippon India Nifty Smallcap 250 Index Fund63,8420.152.61,178,3762024-12-18-94.58%
Motilal Oswal Nifty Smallcap 250 Index Fund29,1450.141.191,178,3762024-12-18-97.53%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.745.753.38-0.98-9.94
Diluted EPS (Rs.)5.745.733.37-0.98-9.94
Cash EPS (Rs.)22.4920.0816.9318.808.49
Book Value[Excl.RevalReserv]/Share (Rs.)-19.73-25.88-32.58-55.07-55.02
Book Value[Incl.RevalReserv]/Share (Rs.)26.4719.8013.006.834.18
Revenue From Operations / Share (Rs.)134.20125.41100.74130.15178.44
PBDIT / Share (Rs.)31.2028.8224.0526.2332.19
PBIT / Share (Rs.)14.5014.3810.506.3713.60
PBT / Share (Rs.)7.948.465.530.187.62
Net Profit / Share (Rs.)5.795.633.38-1.05-10.10
NP After MI And SOA / Share (Rs.)5.735.743.38-0.98-9.93
PBDIT Margin (%)23.2522.9823.8720.1518.04
PBIT Margin (%)10.8011.4610.424.897.62
PBT Margin (%)5.916.745.490.144.27
Net Profit Margin (%)4.314.493.35-0.81-5.66
NP After MI And SOA Margin (%)4.274.573.35-0.75-5.56
Return on Networth / Equity (%)-28.39-21.79-10.210.000.00
Return on Capital Employeed (%)3.983.732.921.202.54
Return On Assets (%)1.171.230.76-0.15-1.48
Long Term Debt / Equity (X)-0.05-1.32-0.99-2.84-2.37
Total Debt / Equity (X)-2.17-1.43-1.41-2.84-2.37
Asset Turnover Ratio (%)0.280.150.120.100.14
Current Ratio (X)1.201.771.481.741.54
Quick Ratio (X)0.961.411.151.371.23
Interest Coverage Ratio (X)4.764.884.844.245.38
Interest Coverage Ratio (Post Tax) (X)1.881.951.680.82-0.68
Enterprise Value (Cr.)8511.765951.135103.374503.413330.51
EV / Net Operating Revenue (X)3.152.362.532.601.40
EV / EBITDA (X)13.5310.2910.6212.927.78
MarketCap / Net Operating Revenue (X)2.922.152.281.620.77
Price / BV (X)-19.44-10.25-6.95-3.79-2.49
Price / Net Operating Revenue (X)2.922.152.281.620.77
EarningsYield0.010.020.010.00-0.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mahindra Holidays & Resorts India Ltd as of December 23, 2024 is: 468.74

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, Mahindra Holidays & Resorts India Ltd is Undervalued by 30.57% compared to the current share price 359.00

Intrinsic Value of Mahindra Holidays & Resorts India Ltd as of December 23, 2024 is: 704.33

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, Mahindra Holidays & Resorts India Ltd is Undervalued by 96.19% compared to the current share price 359.00

Last 5 Year EPS CAGR: 50.26%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (171.85 cr) and profit (136.85 cr) over the years.
  1. The stock has a low average ROCE of 13.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 157.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 402.75, which may not be favorable.
  4. The company has higher borrowings (1,465.15) compared to reserves (331.23), 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 Mahindra Holidays & Resorts India Ltd:
    1. Net Profit Margin: 4.31%
      • 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: 3.98% (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%: -28.39% (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): 1.88
      • 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: 0.96
      • 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: 65.8 (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: -2.17
      • 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

Mahindra Holidays & Resorts India Ltd. is a Public Limited Listed company incorporated on 20/09/1996 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L55101TN1996PLC036595 and registration number is 036595. Currently Company is involved in the business activities of Accommodation. Company’s Total Operating Revenue is Rs. 960.68 Cr. and Equity Capital is Rs. 199.85 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsMahindra Towers, 1st Floor, A Wing, Mumbai Maharashtra 400018investors@mahindraholidays.com
http://www.clubmahindra.com
Management
NamePosition Held
Mr. C P GurnaniChairperson & Non Executive Director
Mr. Manoj BhatManaging Director & CEO
Mr. Rohit KhattarDirector
Mr. Sanjeev AgaDirector
Ms. Sangeeta TalwarDirector
Mr. Diwakar GuptaDirector
Mr. Rajat Kumar JainDirector
Mr. Anish ShahDirector
Mr. Ruzbeh IraniDirector

FAQ

What is the latest intrinsic value of Mahindra Holidays & Resorts India Ltd?

The latest intrinsic value of Mahindra Holidays & Resorts India Ltd as on 23 December 2024 is ₹468.74, which is 30.57% higher than the current market price of ₹359.00. The stock has a market capitalization of 7,251 Cr. and recorded a high/low of 505/347 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹385 Cr and total liabilities of ₹10,194 Cr.

What is the Market Cap of Mahindra Holidays & Resorts India Ltd?

The Market Cap of Mahindra Holidays & Resorts India Ltd is 7,251 Cr..

What is the current Stock Price of Mahindra Holidays & Resorts India Ltd as on 23 December 2024?

The current stock price of Mahindra Holidays & Resorts India Ltd as on 23 December 2024 is 359.

What is the High / Low of Mahindra Holidays & Resorts India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mahindra Holidays & Resorts India Ltd stocks is 505/347.

What is the Stock P/E of Mahindra Holidays & Resorts India Ltd?

The Stock P/E of Mahindra Holidays & Resorts India Ltd is 65.8.

What is the Book Value of Mahindra Holidays & Resorts India Ltd?

The Book Value of Mahindra Holidays & Resorts India Ltd is 29.1.

What is the Dividend Yield of Mahindra Holidays & Resorts India Ltd?

The Dividend Yield of Mahindra Holidays & Resorts India Ltd is 0.00 %.

What is the ROCE of Mahindra Holidays & Resorts India Ltd?

The ROCE of Mahindra Holidays & Resorts India Ltd is 9.24 %.

What is the ROE of Mahindra Holidays & Resorts India Ltd?

The ROE of Mahindra Holidays & Resorts India Ltd is 24.0 %.

What is the Face Value of Mahindra Holidays & Resorts India Ltd?

The Face Value of Mahindra Holidays & Resorts India 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 Mahindra Holidays & Resorts India 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