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

Fundamental Analysis of TGB Banquets & Hotels Ltd

About the Company - TGB Banquets & Hotels Ltd

TGB Banquets and Hotels Ltd. is a Public Limited Listed company incorporated on 01/11/1999 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L55100GJ1999PLC036830 and registration number is 036830. Currently Company is involved in the business activities of Hotels and motels, inns, resorts providing short term lodging facilities; includes accommodation in house boats. Company’s Total Operating Revenue is Rs. 26.78 Cr. and Equity Capital is Rs. 29.29 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsThe Grand Bhagwati , Ahmedabad Gujarat 380054info@tgbhotels.com
http://www.tgbhotels.com
Management
NamePosition Held
Mr. Narendra G SomaniChairman & Managing Director
Mr. Devanand G SomaniWhole Time Director
Mr. Hemant G SomaniWhole Time Director
Mr. Mansukhlal A NakraniInd. Non-Executive Director
Mrs. Jasmin J DoshiInd. Non-Executive Director
Mr. Nishit B PopatInd. Non-Executive Director

TGB Banquets and Hotels Ltd. Share Price Update

Share PriceValue
Today₹17.05
Previous Day₹17.53

Basic Stock Data of TGB Banquets & Hotels Ltd

Market Cap 49.7 Cr.
Current Price 17.0
High / Low20.5/7.70
Stock P/E32.7
Book Value 26.6
Dividend Yield0.00 %
ROCE3.48 %
ROE1.77 %
Face Value 10.0

Data Source: screener.in

Competitors of TGB Banquets & Hotels Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Royal Orchid Hotels Ltd 1,159 Cr. 423449/21926.0 66.90.48 %24.5 %31.6 % 10.0
Oriental Hotels Ltd 2,293 Cr. 128138/75.044.8 30.80.38 %13.5 %10.9 % 1.00
Sri Havisha Hospitality & Infrastructure Ltd 84.3 Cr. 2.783.78/1.60 1.080.00 %6.36 %4.52 % 2.00
The Byke Hospitality Ltd 288 Cr. 71.877.2/31.252.2 40.40.00 %4.63 %1.45 % 10.0
Taj GVK Hotels & Resorts Ltd 2,440 Cr. 389414/17238.8 78.50.00 %21.8 %18.4 % 2.00
Industry Average75.46 Cr202.9232.3643.540.17%14.16%13.37%5

TGB Banquets & Hotels Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales3.095.645.103.886.238.407.6812.107.459.139.167.678.73
Expenses2.646.296.834.0111.667.7912.5910.515.787.0110.696.007.25
Operating Profit0.45-0.65-1.73-0.13-5.430.61-4.911.591.672.12-1.531.671.48
OPM %14.56%-11.52%-33.92%-3.35%-87.16%7.26%-63.93%13.14%22.42%23.22%-16.70%21.77%16.95%
Other Income-3.670.440.870.26-9.290.520.290.340.270.153.570.240.39
Interest0.390.260.240.230.410.320.700.440.440.460.230.440.35
Depreciation0.760.76-0.290.350.621.191.471.341.341.271.231.301.34
Profit before tax-4.37-1.23-0.81-0.45-15.75-0.38-6.790.150.160.540.580.170.18
Tax %0.00%0.00%14.81%0.00%0.00%0.00%44.33%0.00%0.00%0.00%13.79%0.00%0.00%
Net Profit-4.37-1.23-0.69-0.45-15.76-0.38-3.780.150.160.540.510.170.18
EPS in Rs-1.49-0.42-0.24-0.15-5.38-0.13-1.290.050.050.180.170.060.06

TGB Banquets & Hotels Ltd Quarterly Chart

TGB Banquets & Hotels Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales152.55164.01156.39139.69136.47136.86118.7480.8033.5814.7926.7838.3834.69
Expenses120.22125.20118.72111.06114.93112.35141.31123.0149.1317.5335.8633.7030.95
Operating Profit32.3338.8137.6728.6321.5424.51-22.57-42.21-15.55-2.74-9.084.683.74
OPM %21.19%23.66%24.09%20.50%15.78%17.91%-19.01%-52.24%-46.31%-18.53%-33.91%12.19%10.78%
Other Income1.392.751.951.972.252.8018.180.3920.31-2.28-8.823.814.35
Interest15.5621.0421.2921.4218.7215.753.421.541.281.341.861.871.48
Depreciation12.7812.9312.8421.1120.5119.464.942.753.062.003.635.185.14
Profit before tax5.387.595.49-11.93-15.44-7.90-12.75-46.110.42-8.36-23.391.441.47
Tax %94.05%61.00%66.30%6.12%1.30%16.20%104.24%-17.65%-104.76%1.44%12.87%5.56%
Net Profit0.322.961.85-11.21-15.24-6.620.54-54.250.86-8.25-20.371.361.40
EPS in Rs0.111.010.63-3.83-5.20-2.260.18-18.520.29-2.82-6.960.460.47
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

TGB Banquets & Hotels Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)825.00%-37.50%-705.95%-35.95%56.56%108.16%-10146.30%101.59%-1059.30%-146.91%106.68%
Change in YoY Net Profit Growth (%)0.00%-862.50%-668.45%670.00%92.51%51.60%-10254.45%10247.88%-1160.89%912.39%253.59%

TGB Banquets & Hotels Ltd Growth

Compounded Sales Growth
10 Years:-14%
5 Years:-20%
3 Years:5%
TTM:0%
Compounded Profit Growth
10 Years:-7%
5 Years:16%
3 Years:22%
TTM:152%
Stock Price CAGR
10 Years:-11%
5 Years:6%
3 Years:54%
1 Year:73%
Return on Equity
10 Years:-9%
5 Years:-14%
3 Years:-6%
Last Year:2%

TGB Banquets & Hotels Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital29.2929.2929.2929.2929.2929.2929.2929.2929.2929.2929.2929.2929.29
Reserves113.95116.91118.76105.4090.16127.46128.3074.3975.5867.0746.9248.3048.65
Borrowings129.44131.03132.79126.78111.18102.5412.1811.3212.9811.5720.5515.8814.83
Other Liabilities61.8679.2087.0786.0298.39105.7174.2966.1646.9155.6837.3332.0935.58
Total Liabilities334.54356.43367.91347.49329.02365.00244.06181.16164.76163.61134.09125.56128.35
Fixed Assets237.82239.30236.10216.61197.07221.9378.0173.8170.8468.8520.4814.9612.36
CWIP0.210.000.000.380.000.000.000.000.000.000.000.000.00
Investments5.005.005.005.005.005.005.005.005.000.000.000.000.00
Other Assets91.51112.13126.81125.50126.95138.07161.05102.3588.9294.76113.61110.60115.99
Total Assets334.54356.43367.91347.49329.02365.00244.06181.16164.76163.61134.09125.56128.35

TGB Banquets & Hotels Ltd Reserves and Borrowings Chart

TGB Banquets & Hotels Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 24.9336.8938.9612.6631.6231.48-55.46-2.16-3.29-0.29-42.444.90
Cash from Investing Activity -17.39-12.30-8.72-3.38-0.070.02149.840.260.331.6550.210.04
Cash from Financing Activity -1.76-19.37-19.43-27.31-34.30-28.58-94.850.050.58-2.13-7.47-5.35
Net Cash Flow5.785.2210.81-18.04-2.752.91-0.47-1.86-2.38-0.780.31-0.41

TGB Banquets & Hotels Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days21.3730.6952.6567.3668.04103.82141.9937.31115.65250.49150.0681.31
Inventory Days200.43234.59259.43327.32308.00274.65218.82205.59150.27278.95146.6993.07
Days Payable97.53156.65200.19209.29197.18217.91230.62198.19535.041,039.78409.76205.36
Cash Conversion Cycle124.27108.63111.89185.40178.86160.56130.1944.72-269.12-510.34-113.01-30.98
Working Capital Days2.87-2.2527.0357.4137.428.11228.58129.51413.15870.18849.94630.24
ROCE %7.99%10.41%9.60%3.57%1.33%3.20%-10.74%-31.30%1.35%-2.90%-12.06%3.48%

TGB Banquets & 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
Promoters31.71%31.71%31.71%31.71%31.71%31.71%31.71%31.71%31.71%31.71%31.71%31.71%
Public68.29%68.29%68.29%68.29%68.29%68.29%68.30%68.29%68.29%68.29%68.29%68.29%
No. of Shareholders7,9188,4858,8789,4459,8629,5849,7229,7629,8299,81610,34611,708

TGB Banquets & Hotels Ltd Shareholding Pattern Chart

No. of TGB Banquets & Hotels Ltd Shareholders

This stock is not held by any mutual fund

TGB Banquets & Hotels Ltd ROCE Trend

TGB Banquets & Hotels Ltd EPS Trend

TGB Banquets & Hotels Ltd Key Financial Ratios

MonthMar 20Mar 19Mar 18Mar 17Mar 16
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.29-18.520.60-2.26-5.20
Diluted EPS (Rs.)0.29-18.520.60-2.26-5.20
Cash EPS (Rs.)1.34-17.592.294.381.80
Book Value[Excl.RevalReserv]/Share (Rs.)34.5234.1252.5351.8339.09
Book Value[Incl.RevalReserv]/Share (Rs.)34.5234.1252.5351.8339.09
Revenue From Operations / Share (Rs.)11.4727.5940.5446.7346.60
PBDIT / Share (Rs.)1.61-14.33-6.269.318.12
PBIT / Share (Rs.)0.56-15.27-7.952.661.11
PBT / Share (Rs.)0.14-15.74-3.93-2.70-5.27
Net Profit / Share (Rs.)0.29-18.520.60-2.26-5.20
NP After MI And SOA / Share (Rs.)0.29-18.520.60-2.26-5.20
PBDIT Margin (%)14.04-51.93-15.4419.9117.41
PBIT Margin (%)4.94-55.33-19.605.702.38
PBT Margin (%)1.23-57.06-9.70-5.76-11.31
Net Profit Margin (%)2.55-67.131.48-4.83-11.16
NP After MI And SOA Margin (%)2.55-67.131.48-4.83-11.16
Return on Networth / Equity (%)0.84-54.291.14-4.35-13.31
Return on Capital Employeed (%)1.49-41.26-14.483.501.59
Return On Assets (%)0.53-30.500.73-1.83-4.69
Long Term Debt / Equity (X)0.060.040.030.360.65
Total Debt / Equity (X)0.130.110.070.480.81
Asset Turnover Ratio (%)0.190.380.390.390.40
Current Ratio (X)1.671.391.930.931.01
Quick Ratio (X)1.601.151.650.710.75
Interest Coverage Ratio (X)3.79-30.11-5.751.741.27
Interest Coverage Ratio (Post Tax) (X)1.69-37.92-3.130.570.18
Enterprise Value (Cr.)18.4541.30114.65223.95292.33
EV / Net Operating Revenue (X)0.540.510.961.642.14
EV / EBITDA (X)3.91-0.98-6.258.2212.30
MarketCap / Net Operating Revenue (X)0.190.410.911.141.50
Price / BV (X)0.060.330.701.031.79
Price / Net Operating Revenue (X)0.190.410.911.141.50
EarningsYield0.12-1.610.01-0.04-0.07

TGB Banquets & Hotels Ltd Profitability Ratios (%)

TGB Banquets & Hotels Ltd Liquidity Ratios

TGB Banquets & Hotels Ltd Liquidity Ratios (%)

TGB Banquets & Hotels Ltd Interest Coverage Ratios (X)

TGB Banquets & Hotels Ltd Valuation Ratios

Fair Value / Intrinsic Value of TGB Banquets & Hotels Ltd

Fair Value: ₹15.70

The stock is overvalued by 7.63% compared to the current price ₹17

*Investments are subject to market risks

Strength and Weakness of TGB Banquets & Hotels Ltd

StrengthWeakness
  1. The company has higher reserves (89.37 cr) compared to borrowings (64.08 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of -3.78 and average Dividend Yield of -12.38%.
  2. The stock has a low average ROCE of -1.34%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 271.02, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 10.09, which may not be favorable.
  5. The company has not shown consistent growth in sales (94.90) and profit (-8.01).

Should I Buy TGB Banquets & Hotels Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in TGB Banquets & Hotels Ltd:
    1. Net Profit Margin: 2.55%
      • 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: 1.49% (Industry Average ROCE: 14.29%)
      • 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): 1.69
      • 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: 1.60
      • 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: 32.7 (Industry average Stock P/E: 32.44)
      • 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: 0.13
      • 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 TGB Banquets & 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