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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of The Byke Hospitality Ltd

About the Company - The Byke Hospitality Ltd

The Byke Hospitality Ltd. is a Public Limited Listed company incorporated on 29/03/1990 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67190MH1990PLC056009 and registration number is 056009. 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. 93.29 Cr. and Equity Capital is Rs. 40.10 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsSunil Patodia Tower, Plot No. 156-158, Mumbai Maharashtra 400099investors.care@thebyke.com
http://www.thebyke.com
Management
NamePosition Held
Mr. Anil PatodiaChairman & Managing Director
Mr. Pramod PatodiaExecutive Director
Mrs. Archana PatodiaNon Executive Director
CA. Ram Ratan BajajIndependent Director
Mr. Ramesh VohraIndependent Director
Ms. Madhuri DhanakIndependent Director

The Byke Hospitality Ltd. Share Price Update

Share PriceValue
Today₹66.88
Previous Day₹68.24

Basic Stock Data of The Byke Hospitality Ltd

Market Cap 289 Cr.
Current Price 72.0
High / Low77.2/31.2
Stock P/E52.3
Book Value 40.4
Dividend Yield0.00 %
ROCE4.63 %
ROE1.45 %
Face Value 10.0

Data Source: screener.in

Competitors of The Byke Hospitality Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sri Havisha Hospitality & Infrastructure Ltd 80.1 Cr. 2.643.78/1.60 1.080.00 %6.36 %4.52 % 2.00
Royal Orchid Hotels Ltd 1,133 Cr. 413449/21925.4 66.90.48 %24.5 %31.6 % 10.0
Speciality Restaurants Ltd 1,106 Cr. 230287/16815.5 59.91.06 %17.2 %37.2 % 10.0
Taj GVK Hotels & Resorts Ltd 2,446 Cr. 390414/17438.8 78.50.00 %21.8 %18.4 % 2.00
Oriental Hotels Ltd 2,387 Cr. 134143/75.046.7 30.80.36 %13.5 %10.9 % 1.00
Industry Average1,430.42 Cr233.9325.2847.440.38%16.67%20.52%5.00

The Byke Hospitality Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales22.3522.6612.1316.5431.5333.0936.2719.6831.6626.8020.0519.7621.08
Expenses15.6914.8811.4811.3323.3623.8124.6513.5121.6714.7412.9511.3911.45
Operating Profit6.667.780.655.218.179.2811.626.179.9912.067.108.379.63
OPM %29.80%34.33%5.36%31.50%25.91%28.04%32.04%31.35%31.55%45.00%35.41%42.36%45.68%
Other Income0.220.320.110.290.240.220.250.260.270.270.270.350.33
Interest2.072.052.112.542.672.672.472.942.382.212.071.891.87
Depreciation7.467.037.078.267.836.707.357.497.407.434.216.577.64
Profit before tax-2.65-0.98-8.42-5.30-2.090.132.05-4.000.482.691.090.260.45
Tax %25.66%25.51%6.65%17.55%34.45%-500.00%-30.73%13.25%-102.08%20.82%-37.61%-242.31%-124.44%
Net Profit-1.97-0.73-7.86-4.36-1.370.772.67-3.470.972.121.500.891.01
EPS in Rs-0.49-0.18-1.96-1.09-0.340.190.67-0.870.240.530.370.220.25

The Byke Hospitality Ltd Quarterly Chart

The Byke Hospitality Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales49.06100.11154.26179.81229.76269.98177.41146.77122.1965.6193.29114.4198.27
Expenses43.8982.49125.66142.54177.08207.76108.57122.9085.8651.3969.7274.3460.75
Operating Profit5.1717.6228.6037.2752.6862.2268.8423.8736.3314.2223.5740.0737.52
OPM %10.54%17.60%18.54%20.73%22.93%23.05%38.80%16.26%29.73%21.67%25.27%35.02%38.18%
Other Income0.050.500.150.110.140.650.770.911.000.870.861.051.16
Interest0.552.372.111.841.561.140.892.246.838.5410.2510.248.55
Depreciation1.124.195.3810.1711.6012.7713.6514.9528.0526.4729.8629.6725.61
Profit before tax3.5511.5621.2625.3739.6648.9655.077.592.45-19.92-15.681.214.52
Tax %32.39%32.87%25.21%21.05%34.62%34.60%34.61%33.47%-68.98%8.43%18.24%-89.26%
Net Profit2.407.7615.8920.0325.9432.0236.015.064.15-18.24-12.822.295.48
EPS in Rs0.601.943.965.006.477.998.981.261.03-4.55-3.200.571.36
Dividend Payout %83.54%25.84%18.93%20.02%15.46%12.52%11.14%0.00%0.00%0.00%0.00%0.00%

The Byke Hospitality 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 (%)223.33%104.77%26.05%29.51%23.44%12.46%-85.95%-17.98%-539.52%29.71%117.86%
Change in YoY Net Profit Growth (%)0.00%-118.57%-78.71%3.45%-6.07%-10.98%-98.41%67.96%-521.53%569.23%88.15%

The Byke Hospitality Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:-8%
3 Years:-2%
TTM:-27%
Compounded Profit Growth
10 Years:-11%
5 Years:-42%
3 Years:-18%
TTM:487%
Stock Price CAGR
10 Years:-7%
5 Years:21%
3 Years:59%
1 Year:77%
Return on Equity
10 Years:8%
5 Years:-2%
3 Years:-6%
Last Year:1%

The Byke Hospitality Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital20.0520.0520.0540.1040.1040.1040.1040.1040.1040.1040.1040.1040.10
Reserves47.0052.4164.7859.9681.07112.67143.65143.86147.99129.83117.08119.41121.80
Borrowings17.3419.8714.5512.4110.748.3320.1620.4556.8680.3796.6781.1565.66
Other Liabilities9.4821.3125.9923.5827.6725.4731.4817.8717.9413.098.976.219.01
Total Liabilities93.87113.64125.37136.05159.58186.57235.39222.28262.89263.39262.82246.87236.57
Fixed Assets46.7172.6878.4379.0884.3591.87103.02106.04143.98142.08147.41160.95142.82
CWIP19.703.103.551.553.012.398.4916.6117.9321.809.595.555.55
Investments0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets27.4637.8643.3955.4272.2292.31123.8899.63100.9899.51105.8280.3788.20
Total Assets93.87113.64125.37136.05159.58186.57235.39222.28262.89263.39262.82246.87236.57

The Byke Hospitality Ltd Reserves and Borrowings Chart

The Byke Hospitality Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2.7715.6819.9916.4426.8428.1831.3425.4933.4112.9717.3060.67
Cash from Investing Activity -19.47-14.50-9.16-8.71-18.19-19.14-30.13-23.86-21.95-7.54-0.46-40.49
Cash from Financing Activity 17.67-2.13-9.89-7.44-8.06-8.336.26-6.57-14.59-5.11-15.03-23.19
Net Cash Flow0.97-0.950.940.290.590.717.47-4.94-3.130.321.81-3.01

The Byke Hospitality Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days21.8043.5025.3428.5028.1030.0561.1571.0380.53138.3698.6766.29
Inventory Days633.23295.45234.78154.3099.60151.23190.31202.27251.01473.45342.99298.60
Days Payable316.61449.84249.16170.45102.1659.7454.8751.2964.70113.5673.3762.29
Cash Conversion Cycle338.41-110.8910.9612.3525.54121.55196.58222.00266.85498.25368.30302.61
Working Capital Days96.2042.2629.3950.6957.0874.76129.66135.04164.68311.93232.68129.01
ROCE %5.53%15.77%24.38%25.69%33.73%34.20%30.66%4.81%4.13%-4.58%-2.15%4.63%

The Byke Hospitality Ltd Financial Efficiency Indicators Chart

The Byke Hospitality Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
Promoters46.86%46.86%46.86%46.86%46.86%46.85%46.85%46.85%46.85%46.85%46.85%46.85%
FIIs4.48%4.48%4.52%4.46%4.46%4.46%4.46%4.46%4.15%0.00%0.02%0.01%
DIIs0.94%0.93%0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.94%
Public47.73%47.73%47.69%47.75%47.75%47.75%47.75%47.75%48.05%52.21%52.19%52.19%
No. of Shareholders16,93615,94116,49517,19218,14118,50417,99917,66517,18018,46819,40519,469

The Byke Hospitality Ltd Shareholding Pattern Chart

No. of The Byke Hospitality Ltd Shareholders

This stock is not held by any mutual fund

The Byke Hospitality Ltd ROCE Trend

The Byke Hospitality Ltd EPS Trend

The Byke Hospitality Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.58-3.20-4.551.031.26
Diluted EPS (Rs.)0.58-3.20-4.551.031.26
Cash EPS (Rs.)7.974.252.058.034.99
Book Value[Excl.RevalReserv]/Share (Rs.)39.7839.2042.3846.9145.88
Book Value[Incl.RevalReserv]/Share (Rs.)39.7839.2042.3846.9145.88
Dividend / Share (Rs.)0.000.000.000.001.00
Revenue From Operations / Share (Rs.)28.5323.2716.3630.4736.60
PBDIT / Share (Rs.)10.206.033.719.256.13
PBIT / Share (Rs.)2.79-1.42-2.892.252.40
PBT / Share (Rs.)0.30-3.91-4.970.611.89
Net Profit / Share (Rs.)0.57-3.20-4.551.031.26
PBDIT Margin (%)35.7325.8922.6930.3516.74
PBIT Margin (%)9.79-6.10-17.657.406.56
PBT Margin (%)1.05-16.80-30.362.015.17
Net Profit Margin (%)2.00-13.74-27.793.393.44
Return on Networth / Equity (%)1.43-8.15-10.732.202.75
Return on Capital Employeed (%)5.28-2.50-5.064.014.99
Return On Assets (%)0.92-4.87-6.921.572.27
Long Term Debt / Equity (X)0.050.070.040.000.00
Total Debt / Equity (X)0.140.170.160.100.11
Asset Turnover Ratio (%)0.440.350.240.500.64
Current Ratio (X)1.462.101.961.862.36
Quick Ratio (X)0.981.621.511.421.77
Inventory Turnover Ratio (X)1.220.000.000.000.00
Dividend Payout Ratio (NP) (%)0.000.000.000.0079.21
Dividend Payout Ratio (CP) (%)0.000.000.000.0020.04
Earning Retention Ratio (%)0.000.000.000.0020.79
Cash Earning Retention Ratio (%)0.000.000.000.0079.96
Interest Coverage Ratio (X)4.092.421.795.6312.07
Interest Coverage Ratio (Post Tax) (X)1.23-0.28-1.191.633.48
Enterprise Value (Cr.)151.28169.7897.7952.48126.60
EV / Net Operating Revenue (X)1.321.821.490.420.86
EV / EBITDA (X)3.707.036.571.425.15
MarketCap / Net Operating Revenue (X)1.131.591.120.280.76
Retention Ratios (%)0.000.000.000.0020.78
Price / BV (X)0.810.940.430.180.61
Price / Net Operating Revenue (X)1.131.591.120.280.76
EarningsYield0.01-0.08-0.240.110.04

The Byke Hospitality Ltd Profitability Ratios (%)

The Byke Hospitality Ltd Liquidity Ratios

The Byke Hospitality Ltd Liquidity Ratios (%)

The Byke Hospitality Ltd Interest Coverage Ratios (X)

The Byke Hospitality Ltd Valuation Ratios

Fair Value / Intrinsic Value of The Byke Hospitality Ltd

Fair Value: ₹31.25

The stock is overvalued by 56.60% compared to the current price ₹72

*Investments are subject to market risks

Strength and Weakness of The Byke Hospitality Ltd

StrengthWeakness
  1. The company has higher reserves (103.19 cr) compared to borrowings (38.81 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (138.53 cr) and profit (14.28 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.06 and average Dividend Yield of 0.00%.
  2. The stock has a low average ROCE of 14.73%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 121.12, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 187.71, which may not be favorable.

Should I Buy The Byke Hospitality Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in The Byke Hospitality Ltd:
    1. Net Profit Margin: 2.00%
      • 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: 5.28% (Industry Average ROCE: 16.67%)
      • 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): 1.23
      • 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: 0.98
      • 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: 52.3 (Industry average Stock P/E: 25.28)
      • 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: 0.14
      • 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 The Byke Hospitality 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