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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Oriental Hotels Ltd

About the Company - Oriental Hotels Ltd

Oriental Hotels Ltd. is a Public Limited Listed company incorporated on 18/09/1970 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L55101TN1970PLC005897 and registration number is 005897. Currently Company is involved in the business activities of Restaurants and mobile food service activities. Company’s Total Operating Revenue is Rs. 218.70 Cr. and Equity Capital is Rs. 17.86 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsTaj Coromandel, 37, Mahatma Gandhi Road, Chennai (Madras) Tamil Nadu 600034ohlshares.mad@tajhotels.com
http://www.orientalhotels.co.in
Management
NamePosition Held
Mr. Puneet ChhatwalChairman
Mr. Pramod RanjanManaging Director & CEO
Mr. D Vijayagopal ReddyNon Exe.Non Ind.Director
Mr. Ramesh D HarianiNon Exe.Non Ind.Director
Mr. Giridhar SanjeeviNon Exe.Non Ind.Director
Mr. Harish LakshmanInd. Non-Executive Director
Ms. Nina ChatrathInd. Non-Executive Director
Ms. Gita NayyarInd. Non-Executive Director
Mr. Vijay SankarInd. Non-Executive Director
Mr. Phillie D KarkariaInd. Non-Executive Director

Oriental Hotels Ltd. Share Price Update

Share PriceValue
Today₹124.70
Previous Day₹127.05

Basic Stock Data of Oriental Hotels Ltd

Market Cap 2,387 Cr.
Current Price 134
High / Low143/75.0
Stock P/E46.7
Book Value 30.8
Dividend Yield0.36 %
ROCE13.5 %
ROE10.9 %
Face Value 1.00

Data Source: screener.in

Competitors of Oriental Hotels Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Royal Orchid Hotels Ltd 1,133 Cr. 413449/21925.4 66.90.48 %24.5 %31.6 % 10.0
Viceroy Hotels Ltd 15.3 Cr. 3.603.67/1.75 1040.00 %7.64 %% 10.0
TGB Banquets & Hotels Ltd 48.9 Cr. 16.720.5/7.7032.2 26.60.00 %3.48 %1.77 % 10.0
Indian Hotels Co Ltd 83,349 Cr. 586603/30271.3 58.20.17 %12.6 %12.7 % 1.00
Taj GVK Hotels & Resorts Ltd 2,446 Cr. 390414/17438.8 78.50.00 %21.8 %18.4 % 2.00
Industry Average17,398.44 Cr281.8633.5466.840.13%14.00%12.89%6.60

TGB Banquets & Hotels Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales15.8043.0252.7624.6852.3476.3066.0888.6188.80105.70111.4092.5991.03
Expenses30.4041.8546.9337.1947.7656.5454.4963.8865.4773.4279.4370.1470.98
Operating Profit-14.601.175.83-12.514.5819.7611.5924.7323.3332.2831.9722.4520.05
OPM %-92.41%2.72%11.05%-50.69%8.75%25.90%17.54%27.91%26.27%30.54%28.70%24.25%22.03%
Other Income1.980.561.450.780.863.012.392.462.511.394.411.002.09
Interest5.875.755.335.425.835.855.105.524.775.084.754.594.70
Depreciation6.656.668.676.466.436.566.815.535.505.835.795.786.01
Profit before tax-25.14-10.68-6.72-23.61-6.8210.362.0716.1415.5722.7625.8413.0811.43
Tax %28.88%28.65%30.65%28.89%29.18%28.57%33.33%29.06%29.03%34.18%30.30%32.49%31.23%
Net Profit-23.33-10.74-5.91-22.00-7.509.200.049.948.0515.5320.747.394.37
EPS in Rs-1.31-0.60-0.33-1.23-0.420.520.000.560.450.871.160.410.24

Oriental Hotels Ltd Quarterly Chart

TGB Banquets & Hotels Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales317345355367311335358347291116219395397
Expenses248281301306278286302295253148196282294
Operating Profit696455603349565138-3223112103
OPM %22%19%15%16%11%15%16%15%13%-28%11%29%26%
Other Income716-153-6541047771112
Interest21293132323231272422222019
Depreciation25323533242528282829262324
Profit before tax2918-26-2-28-32100-6-76-188073
Tax %30%-5%6%125%29%-15%136%13%-3%29%29%31%
Net Profit2317-241-125692-8-71-205451
EPS in Rs1.260.87-1.270.09-0.690.280.345.13-0.46-3.99-1.133.042.85
Dividend Payout %36%63%-43%436%-29%0%0%10%-43%0%0%16%

Oriental Hotels Ltd Profit & Loss Yearly Chart

Oriental Hotels Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:2%
3 Years:11%
TTM:14%
Compounded Profit Growth
10 Years:22%
5 Years:54%
3 Years:107%
TTM:52%
Stock Price CAGR
10 Years:23%
5 Years:28%
3 Years:78%
1 Year:73%
Return on Equity
10 Years:-1%
5 Years:-1%
3 Years:-3%
Last Year:11%

Oriental Hotels Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital18181818181818181818181818
Reserves375389365329402394424516513433422521532
Borrowings322313347348317322313243228253280215210
Other Liabilities110108105141827572756967667467
Total Liabilities825828835836819809827852828771786828826
Fixed Assets498514533537407391376395396372355380381
CWIP11191754417225049
Investments899196100238235259289272248252296304
Other Assets226203190194170179175167158146179148131
Total Assets825828835836819809827852828771786828826

Oriental Hotels Ltd Reserves and Borrowings Chart

Oriental Hotels Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 727657642842523845-2129104
Cash from Investing Activity -64-22-44-26-7-4-198239-1-32-10
Cash from Financing Activity 6-64-15-43-18-32-40-98-65-04-105
Net Cash Flow13-10-2-537-72218-231-10

TGB Banquets & Hotels Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days282323211815161415282417
Inventory Days1128676927874767110319712586
Days Payable277262274293341317326376441756460315
Cash Conversion Cycle-137-153-175-180-245-227-234-291-324-532-311-212
Working Capital Days-49-92-168-42-32-21-13-276-35-62-32-12
ROCE %7%5%3%4%1%4%4%4%2%-7%1%13%

Oriental Hotels Ltd Financial Efficiency Indicators Chart

TGB Banquets & Hotels Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters67.32%67.62%67.59%67.59%67.56%67.56%67.56%67.56%67.56%67.56%67.56%67.56%
FIIs0.00%0.00%0.00%0.03%0.05%0.09%0.65%0.38%0.46%0.45%0.40%0.69%
DIIs12.32%11.11%10.36%10.12%7.37%6.87%0.55%0.69%0.71%0.78%0.78%1.92%
Public20.37%21.27%22.06%22.26%25.03%25.48%31.24%31.37%31.27%31.21%31.25%29.82%
No. of Shareholders20,33032,32732,77740,88944,69645,50851,73453,13950,41851,16056,94965,915

Oriental Hotels Ltd Shareholding Pattern Chart

No. of Oriental Hotels Ltd Shareholders

Oriental Hotels Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Value Fund13466961.5613.85

Oriental Hotels Ltd ROCE Trend

Oriental Hotels Ltd EPS Trend

Oriental Hotels Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)3.04-1.13-3.99-0.465.13
Diluted EPS (Rs.)3.04-1.13-3.99-0.465.13
Cash EPS (Rs.)4.380.75-1.391.186.46
Book Value[Excl.RevalReserv]/Share (Rs.)30.1824.6325.2329.7229.89
Book Value[Incl.RevalReserv]/Share (Rs.)30.1824.6325.2329.7229.89
Revenue From Operations / Share (Rs.)22.0912.286.4916.3019.42
PBDIT / Share (Rs.)6.891.71-1.392.583.33
PBIT / Share (Rs.)5.620.23-3.001.031.74
PBT / Share (Rs.)4.50-1.01-4.23-0.355.60
Net Profit / Share (Rs.)3.11-0.71-3.00-0.364.87
NP After MI And SOA / Share (Rs.)3.04-1.13-3.99-0.465.13
PBDIT Margin (%)31.1913.88-21.3915.8317.13
PBIT Margin (%)25.451.91-46.196.318.95
PBT Margin (%)20.35-8.20-65.18-2.2028.84
Net Profit Margin (%)14.06-5.85-46.23-2.2625.09
NP After MI And SOA Margin (%)13.75-9.23-61.50-2.8326.40
Return on Networth / Equity (%)10.06-4.60-15.81-1.5517.15
Return on Capital Employeed (%)13.710.60-7.772.485.71
Return On Assets (%)6.55-2.57-9.24-0.9910.75
Long Term Debt / Equity (X)0.280.530.480.350.00
Total Debt / Equity (X)0.330.600.480.380.00
Asset Turnover Ratio (%)0.560.310.160.390.46
Current Ratio (X)0.981.190.971.200.44
Quick Ratio (X)0.881.110.871.100.42
Dividend Payout Ratio (NP) (%)0.000.000.00-108.120.00
Dividend Payout Ratio (CP) (%)0.000.000.0045.920.00
Earning Retention Ratio (%)0.000.000.00208.120.00
Cash Earning Retention Ratio (%)0.000.000.0054.080.00
Interest Coverage Ratio (X)6.121.37-1.131.922.19
Interest Coverage Ratio (Post Tax) (X)3.760.42-1.430.750.66
Enterprise Value (Cr.)1550.411329.40587.59469.91768.75
EV / Net Operating Revenue (X)3.936.065.071.612.22
EV / EBITDA (X)12.6043.64-23.7110.1912.94
MarketCap / Net Operating Revenue (X)3.575.163.511.122.39
Retention Ratios (%)0.000.000.00208.120.00
Price / BV (X)2.612.570.900.611.55
Price / Net Operating Revenue (X)3.575.163.511.122.39
EarningsYield0.03-0.01-0.17-0.020.11

Oriental Hotels Ltd Profitability Ratios (%)

Oriental Hotels Ltd Liquidity Ratios

Oriental Hotels Ltd Liquidity Ratios (%)

Oriental Hotels Ltd Interest Coverage Ratios (%)

Oriental Hotels Ltd Valuation Ratios

Fair Value / Intrinsic Value of Oriental Hotels Ltd

Fair Value: ₹157.35

The stock is undervalued by 17.42% compared to the current price ₹134

*Investments are subject to market risks

Strength and Weakness of Oriental Hotels Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -69.50, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -251.75, which is a positive sign.
  3. The company has higher reserves (431.92 cr) compared to borrowings (285.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (319.46 cr) and profit (11.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 1.12 and average Dividend Yield of -0.71%.
  2. The stock has a low average ROCE of 3.42%, which may not be favorable.

Should I Buy Oriental Hotels Ltd?

  • Considering various financial indicators, investors might exercise caution regarding investment in Oriental Hotels Ltd:
    1. Net Profit Margin: 14.06%
      • 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: 13.71% (Industry Average ROCE: 11.94%)
      • 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. Interest Coverage Ratio (Post Tax): 3.76
      • 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.
    4. Quick Ratio: 0.88
      • 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.
    5. ✗ Stock P/E: 44.8 (Industry average Stock P/E: 42.18)
      • 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.
    6. ✓ Total Debt / Equity: 0.33
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Oriental 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