Oriental Hotels Ltd
Oriental Hotels Limited is an associate company of The Indian Hotels Company Limited (IHCL). The company has seven hotels – Taj Coromandel, Chennai; Taj Fisherman’s Cove Resort & Spa, Chennai; Taj Malabar Resort & Spa, Cochin; Vivanta Coimbatore; Vivanta Mangalore; The Gateway Hotel Pasumalai, Madurai; and Gateway Coonoor – an IHCL SeleQtions hotel.[1]
- Market Cap ₹ 2,413 Cr.
- Current Price ₹ 135
- High / Low ₹ 143 / 79.0
- Stock P/E 48.6
- Book Value ₹ 34.6
- Dividend Yield 0.37 %
- ROCE 10.8 %
- ROE 8.58 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 25.1% CAGR over last 5 years
Cons
- Stock is trading at 3.91 times its book value
- Company has a low return on equity of 5.47% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Hotels & Restaurants Industry: Hotels
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
345 | 355 | 367 | 311 | 335 | 358 | 347 | 291 | 116 | 219 | 395 | 393 | |
281 | 301 | 306 | 278 | 286 | 302 | 295 | 253 | 148 | 196 | 282 | 295 | |
Operating Profit | 64 | 55 | 60 | 33 | 49 | 56 | 51 | 38 | -32 | 23 | 112 | 98 |
OPM % | 19% | 15% | 16% | 11% | 15% | 16% | 15% | 13% | -28% | 11% | 29% | 25% |
16 | -15 | 3 | -6 | 5 | 4 | 104 | 7 | 7 | 7 | 11 | 11 | |
Interest | 29 | 31 | 32 | 32 | 32 | 31 | 27 | 24 | 22 | 22 | 20 | 17 |
Depreciation | 32 | 35 | 33 | 24 | 25 | 28 | 28 | 28 | 29 | 26 | 23 | 24 |
Profit before tax | 18 | -26 | -2 | -28 | -3 | 2 | 100 | -6 | -76 | -18 | 80 | 68 |
Tax % | -5% | 6% | 125% | 29% | -15% | 136% | 13% | -3% | 29% | 29% | 31% | 26% |
17 | -24 | 1 | -12 | 5 | 6 | 92 | -8 | -71 | -20 | 54 | 50 | |
EPS in Rs | 0.87 | -1.27 | 0.09 | -0.69 | 0.28 | 0.34 | 5.13 | -0.46 | -3.99 | -1.13 | 3.04 | 2.78 |
Dividend Payout % | 63% | -43% | 436% | -29% | -0% | -0% | 10% | -43% | -0% | -0% | 16% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | 3% |
3 Years: | 50% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | 25% |
3 Years: | 39% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 25% |
3 Years: | 77% |
1 Year: | 45% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | 0% |
3 Years: | 5% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
Reserves | 389 | 365 | 329 | 402 | 394 | 424 | 516 | 513 | 433 | 422 | 521 | 601 |
313 | 347 | 348 | 317 | 322 | 313 | 243 | 228 | 253 | 280 | 215 | 202 | |
108 | 105 | 141 | 82 | 75 | 72 | 75 | 69 | 67 | 66 | 74 | 70 | |
Total Liabilities | 828 | 835 | 836 | 819 | 809 | 827 | 852 | 828 | 771 | 786 | 828 | 890 |
514 | 533 | 537 | 407 | 391 | 376 | 395 | 396 | 372 | 355 | 380 | 388 | |
CWIP | 19 | 17 | 5 | 4 | 4 | 17 | 2 | 2 | 5 | 0 | 4 | 54 |
Investments | 91 | 96 | 100 | 238 | 235 | 259 | 289 | 272 | 248 | 252 | 296 | 334 |
203 | 190 | 194 | 170 | 179 | 175 | 167 | 158 | 146 | 179 | 148 | 114 | |
Total Assets | 828 | 835 | 836 | 819 | 809 | 827 | 852 | 828 | 771 | 786 | 828 | 890 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
76 | 57 | 64 | 28 | 42 | 52 | 38 | 45 | -21 | 29 | 104 | 91 | |
-22 | -44 | -26 | -7 | -4 | -19 | 82 | 39 | -1 | -32 | -10 | -57 | |
-64 | -15 | -43 | -18 | -32 | -40 | -98 | -65 | -0 | 4 | -105 | -40 | |
Net Cash Flow | -10 | -2 | -5 | 3 | 7 | -7 | 22 | 18 | -23 | 1 | -10 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 23 | 21 | 18 | 15 | 16 | 14 | 15 | 28 | 24 | 17 | 13 |
Inventory Days | 86 | 76 | 92 | 78 | 74 | 76 | 71 | 103 | 197 | 125 | 86 | 90 |
Days Payable | 262 | 274 | 293 | 341 | 317 | 326 | 376 | 441 | 756 | 460 | 315 | 274 |
Cash Conversion Cycle | -153 | -175 | -180 | -245 | -227 | -234 | -291 | -324 | -532 | -311 | -212 | -171 |
Working Capital Days | -92 | -168 | -42 | -32 | -21 | -13 | -276 | -35 | -62 | -32 | -12 | -17 |
ROCE % | 5% | 3% | 4% | 1% | 4% | 4% | 4% | 2% | -7% | 1% | 13% |
Documents
Announcements
- Certificate Under Regulation 40 (9) SEBI (LODR) Regulations, 2015 29 Apr
- Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Apr
- Disclosure Under Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015 ('Listing Regulations') 18 Apr
- Announcement under Regulation 30 (LODR)-Change in Directorate 18 Apr
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') - Appointment Of Chief Financial Officer 18 Apr
Hotels Portfolio[1]
The Company has a portfolio of 7 hotels which includes 3 owned properties with the rest being leased and licensed properties as of FY22.
It operates all its brands under the IHCL brands of Taj, SeleQtions, Vivanta and Gateway.[2] Out of 7 hotels, 3 are owned, 2 are leased and 2 are licensed hotels.[3]
Taj Coromandel – 212 Rooms – 11 Suites
Taj Fisherman’s Cove Resort & Spa – 149 Rooms – 2 Suites
Taj Malabar Resort & Spa – 95 Rooms – 9 Suites
Vivanta Coimbatore – 178 Rooms – 9 suites
The Gateway Hotel – Pasumalai – 63 Rooms – 2 suites
Gateway Coonoor – 32 Rooms – 4 suits
The Gateway Hotel Old port road – 96 Rooms – 5 suites