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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mahindra Holidays & Resorts India Ltd

About the Company - Mahindra Holidays & Resorts India Ltd

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, 2nd Floor, Chennai (Madras) Tamil Nadu 600002investors@mahindraholidays.com
http://www.clubmahindra.com
Management
NamePosition Held
Mr. Arun NandaChairman
Mr. Kavinder SinghManaging Director & CEO
Mr. Rohit KhattarDirector
Mr. Sanjeev AgaDirector
Ms. Sangeeta TalwarDirector
Mr. Anish ShahDirector
Mr. Diwakar GuptaDirector
Mr. Ruzbeh IraniDirector
Mr. C P GurnaniDirector

Mahindra Holidays & Resorts India Ltd. Share Price Update

Share PriceValue
Today₹413.00
Previous Day₹425.90

Basic Stock Data of Mahindra Holidays & Resorts India Ltd

Market Cap 8,364 Cr.
Current Price 414
High / Low470/256
Stock P/E94.6
Book Value 20.8
Dividend Yield0.00 %
ROCE10.2 %
ROE35.9 %
Face Value 10.0

Data Source: screener.in

Mahindra Holidays & Resorts India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales481489465371546553543605598602712614655
Expenses388414421343428472455505482511547530520
Operating Profit9475442811881881001169116584136
OPM %19%15%10%8%22%15%16%16%19%15%23%14%21%
Other Income29263147473140322923243817
Interest16281828212427232340333233
Depreciation66666867676870697072798184
Profit before tax417-11-197820324053177935
Tax %30%110%10%-10%24%33%50%25%21%1,130%27%90%39%
Net Profit29-1-10-216013163041-1456121
EPS in Rs1.230.01-0.51-1.072.940.680.811.482.03-0.592.800.011.06

Mahindra Holidays & Resorts India Ltd Quarterly Chart

Mahindra Holidays & Resorts India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5717286768121,6022,2672,3172,2392,3721,7302,0132,5172,583
Expenses4715615096231,3291,9321,9482,0551,9961,4891,6912,0362,108
Operating Profit101167167189273335369184375241323481475
OPM %18%23%25%23%17%15%16%8%16%14%16%19%18%
Other Income72514-4-427345558116163106101
Interest62811253286408591105126137
Depreciation2327396698106100101247264271290316
Profit before tax143143134107146224217981012111171123
Tax %29%36%35%25%38%35%39%39%232%667%39%33%
Net Profit1029187819014613360-134-146811465
EPS in Rs5.374.774.364.074.347.446.613.02-6.59-0.653.375.723.28
Dividend Payout %33%39%40%43%51%30%40%0%0%0%0%0%

Mahindra Holidays & Resorts India Ltd Profit & Loss Yearly Chart

Mahindra Holidays & Resorts India Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:2%
3 Years:2%
TTM:11%
Compounded Profit Growth
10 Years:2%
5 Years:-2%
3 Years:42%
TTM:19%
Stock Price CAGR
10 Years:15%
5 Years:26%
3 Years:41%
1 Year:51%
Return on Equity
10 Years:14%
5 Years:7%
3 Years:29%
Last Year:36%

Mahindra Holidays & Resorts India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital848488888888133133133133200201201
Reserves480529673637418509579149-87-4850189219
Borrowings10731247057748108302,4342,4872,5672,6232,594
Other Liabilities1,4071,6231,8221,9812,4152,5872,9845,9326,1675,7485,8056,0856,428
Total Liabilities1,9812,2432,5862,8303,6253,9594,5057,0448,6488,3198,6219,0989,443
Fixed Assets5977629911,0321,3391,2731,4592,4393,8623,9714,1864,4184,552
CWIP196259789575171112227250124122182171
Investments12610131436110445332440677306573477
Other Assets1,0631,2121,5041,5612,1502,4112,4814,0554,1294,1474,0073,9244,243
Total Assets1,9812,2432,5862,8303,6253,9594,5057,0448,6488,3198,6219,0989,443

Mahindra Holidays & Resorts India Ltd Reserves and Borrowings Chart

Mahindra Holidays & Resorts India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 20521933201242276551263561382498681
Cash from Investing Activity -141-263-88-308-379-182-547-239-281-235-257-209
Cash from Financing Activity -103-416078274-6-144-21-254-154-217-459
Net Cash Flow-39-865-3013788-140426-62314

Mahindra Holidays & Resorts India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days331315456392213164169181192204175148
Inventory Days703411540499418735746592
Days Payable478245271250234409480413
Cash Conversion Cycle331315456392438330438431376530441327
Working Capital Days16918829423315312611912515022094103
ROCE %27%24%19%17%16%19%20%10%10%4%8%10%

Mahindra Holidays & Resorts India Ltd Financial Efficiency Indicators Chart

Mahindra Holidays & Resorts India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters67.31%67.29%67.27%67.22%67.22%67.20%67.08%67.03%67.00%66.95%66.81%66.77%
FIIs4.43%4.45%5.32%5.18%4.96%4.91%5.07%4.98%5.12%5.24%5.19%5.23%
DIIs13.13%11.92%11.15%10.48%9.71%9.66%8.31%8.16%8.13%8.29%10.41%10.59%
Public14.67%15.87%15.84%16.73%17.74%17.86%19.22%19.49%19.48%19.27%17.39%17.21%
Others0.47%0.47%0.43%0.38%0.37%0.36%0.32%0.32%0.28%0.25%0.21%0.21%
No. of Shareholders36,68650,17459,90162,11865,30068,99874,77375,45074,85377,09170,62075,934

Mahindra Holidays & Resorts India Ltd Shareholding Pattern Chart

No. of Mahindra Holidays & Resorts India Ltd Shareholders

Mahindra Holidays & Resorts India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Hybrid Equity Fund - Regular Plan87651871.7349.16
HDFC Mid-Cap Opportunities Fund - Regular Plan31254320.26124.5
HDFC Childrens Gift Fund - Regular Plan17601790.9670.12
HSBC Large & Mid Cap Fund10476001.8141.73
HSBC ELSS Tax saver Fund8269001.0332.94
UTI Aggressive Hybrid Fund5774850.4923
UTI Retirement Fund2630310.2610.48
UTI Large & Mid Cap Fund2620510.5310.44
Nippon India Nifty Smallcap 250 Index Fund409980.191.61
HSBC Equity Savings Fund350000.791.39

Mahindra Holidays & Resorts India Ltd ROCE Trend

Mahindra Holidays & Resorts India Ltd EPS Trend

Mahindra Holidays & Resorts India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.753.38-0.98-9.944.55
Diluted EPS (Rs.)5.733.37-0.98-9.944.54
Cash EPS (Rs.)20.0816.9318.808.4912.10
Book Value[Excl.RevalReserv]/Share (Rs.)-25.88-32.58-55.07-55.02-35.82
Book Value[Incl.RevalReserv]/Share (Rs.)19.8013.006.834.1823.40
Revenue From Operations / Share (Rs.)125.41100.74130.15178.44168.47
PBDIT / Share (Rs.)28.8224.0526.2332.1916.77
PBIT / Share (Rs.)14.3810.506.3713.609.15
PBT / Share (Rs.)8.465.530.187.627.37
Net Profit / Share (Rs.)5.633.38-1.05-10.104.48
NP After MI And SOA / Share (Rs.)5.743.38-0.98-9.934.55
PBDIT Margin (%)22.9823.8720.1518.049.95
PBIT Margin (%)11.4610.424.897.625.42
PBT Margin (%)6.745.490.144.274.37
Net Profit Margin (%)4.493.35-0.81-5.662.65
NP After MI And SOA Margin (%)4.573.35-0.75-5.562.69
Return on Networth / Equity (%)-21.79-10.210.000.00-11.95
Return on Capital Employeed (%)3.732.921.202.542.03
Return On Assets (%)1.230.76-0.15-1.480.82
Long Term Debt / Equity (X)-1.32-0.99-2.84-2.37-1.12
Total Debt / Equity (X)-1.43-1.41-2.84-2.37-1.16
Asset Turnover Ratio (%)0.150.120.100.140.17
Current Ratio (X)1.771.481.741.541.87
Quick Ratio (X)1.411.151.371.231.43
Interest Coverage Ratio (X)4.884.844.245.389.45
Interest Coverage Ratio (Post Tax) (X)1.951.680.82-0.683.52
Enterprise Value (Cr.)5951.135103.374503.413330.513725.10
EV / Net Operating Revenue (X)2.362.532.601.401.66
EV / EBITDA (X)10.2910.6212.927.7816.71
MarketCap / Net Operating Revenue (X)2.152.281.620.771.42
Price / BV (X)-10.25-6.95-3.79-2.49-6.31
Price / Net Operating Revenue (X)2.152.281.620.771.42
EarningsYield0.020.010.00-0.070.01

Mahindra Holidays & Resorts India Ltd Profitability Ratios (%)

Mahindra Holidays & Resorts India Ltd Liquidity Ratios

Mahindra Holidays & Resorts India Ltd Liquidity Ratios (%)

Mahindra Holidays & Resorts India Ltd Interest Coverage Ratios (%)

Mahindra Holidays & Resorts India Ltd Valuation Ratios

Fair Value of Mahindra Holidays & Resorts India Ltd Stock

Fair Value: ₹720.53

The stock is undervalued by 74.04% compared to the current price ₹414

*Investments are subject to market risks

Strength and Weakness of Mahindra Holidays & Resorts India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.33%, which is a positive sign.
  2. The company has shown consistent growth in sales (215.62 cr) and profit (132.31 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 10.80 and average Dividend Yield of 7.96%.
  2. The stock has a high average Working Capital Days of 164.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 400.42, which may not be favorable.
  4. The company has higher borrowings (1,228.31) compared to reserves (330.54), which may suggest financial risk.

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