Best Eastern Hotels Ltd

Best Eastern Hotels Ltd

₹ 19.2 1.54%
18 Apr - close price
About

Incorporated in 1943, The Best Eastern Hotels Limited is primarily engaged in the business of hospitality. The company owns, manages and operates a resort by the name of Usha Ascot.

Key Points

Services Offered:[1]
At Matheran, the company's Usha Ascot is the only air-conditioned resort in its vicinity. The resort has services like:
a) Accommodation:[2]
The company provides different kinds of accommodations in the resort such as Luxury Villa, Ascot Suite, Executive Deluxe, Deluxe Rooms, etc.
b) Facilities:[3]
The resort provides a Pure Veg restaurant by the name of The Ascot Eatery.
A Bar by the name of The Ascot High Spirit.
A Health Club having a Steam room, a Sauna room, two hot water Jacuzzi, and Massage facility.
A theme discotheque by the name of The Rainforest.
Indoor/Outdoor recreation facilities like, Table Tennis, Carom Boards, Pool Table, Chess etc. Children Play Park, Badminton court, Swimming Pool, etc.
Conference Facilities like Mel Milap Hall and The Brain Stormer

  • Market Cap 32.3 Cr.
  • Current Price 19.2
  • High / Low 50.0 / 14.5
  • Stock P/E 54.7
  • Book Value 1.65
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 23.3 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 11.6 times its book value
  • The company has delivered a poor sales growth of 4.75% over past five years.
  • Company has a low return on equity of -2.52% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1.06 1.21 0.09 1.12 1.62 1.32 2.04 1.10 1.73 1.17 1.91 1.21 1.66
0.80 0.88 0.47 0.86 1.19 1.15 1.56 0.91 1.38 0.93 1.50 1.01 1.37
Operating Profit 0.26 0.33 -0.38 0.26 0.43 0.17 0.48 0.19 0.35 0.24 0.41 0.20 0.29
OPM % 24.53% 27.27% -422.22% 23.21% 26.54% 12.88% 23.53% 17.27% 20.23% 20.51% 21.47% 16.53% 17.47%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.04
Interest 0.05 0.03 0.05 0.04 0.03 0.02 0.01 0.01 0.02 0.02 0.02 0.03 0.04
Depreciation 0.18 0.13 0.16 0.16 0.16 0.15 0.16 0.16 0.17 0.13 0.15 0.15 0.15
Profit before tax 0.03 0.17 -0.59 0.06 0.24 0.00 0.31 0.02 0.16 0.10 0.24 0.02 0.14
Tax % 0.00% -29.41% 0.00% 0.00% 12.50% 35.48% 50.00% 25.00% -140.00% 16.67% -50.00% 7.14%
0.03 0.23 -0.60 0.06 0.21 0.11 0.21 0.02 0.12 0.24 0.20 0.02 0.13
EPS in Rs 0.02 0.14 -0.36 0.04 0.12 0.07 0.12 0.01 0.07 0.14 0.12 0.01 0.08
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4.24 4.50 4.64 4.85 5.09 4.77 4.79 5.18 4.30 2.34 4.15 6.04 5.95
3.12 3.30 3.50 3.52 3.74 3.69 3.69 3.95 3.85 2.14 3.68 4.77 4.81
Operating Profit 1.12 1.20 1.14 1.33 1.35 1.08 1.10 1.23 0.45 0.20 0.47 1.27 1.14
OPM % 26.42% 26.67% 24.57% 27.42% 26.52% 22.64% 22.96% 23.75% 10.47% 8.55% 11.33% 21.03% 19.16%
0.17 0.12 0.16 0.03 0.06 0.16 0.05 0.02 0.00 0.00 0.01 0.01 0.05
Interest 0.13 0.14 0.19 0.23 0.32 0.31 0.26 0.17 0.15 0.17 0.14 0.07 0.11
Depreciation 0.43 0.45 0.49 0.62 0.72 0.71 0.69 0.69 0.70 0.65 0.64 0.61 0.58
Profit before tax 0.73 0.73 0.62 0.51 0.37 0.22 0.20 0.39 -0.40 -0.62 -0.30 0.60 0.50
Tax % 31.51% 27.40% 35.48% 25.49% 29.73% 36.36% -30.00% 28.21% 12.50% 8.06% 30.00% 1.67%
0.50 0.53 0.39 0.38 0.26 0.15 0.25 0.28 -0.35 -0.57 -0.21 0.58 0.59
EPS in Rs 0.30 0.31 0.23 0.23 0.15 0.09 0.15 0.17 -0.21 -0.34 -0.12 0.34 0.35
Dividend Payout % 50.70% 47.83% 43.33% 44.47% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 3%
5 Years: 5%
3 Years: 12%
TTM: -4%
Compounded Profit Growth
10 Years: 1%
5 Years: 18%
3 Years: 54%
TTM: 28%
Stock Price CAGR
10 Years: -2%
5 Years: -2%
3 Years: 1%
1 Year: -59%
Return on Equity
10 Years: 4%
5 Years: -2%
3 Years: -3%
Last Year: 23%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1.69 1.69 1.69 1.69 1.69 1.69 1.69 1.69 1.69 1.69 1.69 1.69 1.69
Reserves 1.30 1.37 1.40 1.28 1.53 1.68 1.94 1.87 1.52 0.95 0.73 0.87 1.09
Preference Capital 1.20 1.20 1.20 1.20 1.20 0.00 1.20 0.00 1.20 1.20 1.20 1.20
1.67 1.92 1.90 2.93 3.11 3.75 2.15 2.64 1.29 1.33 0.92 1.09 2.66
2.92 2.95 3.14 3.29 2.89 1.57 2.46 1.23 2.24 2.11 2.20 2.61 0.95
Total Liabilities 7.58 7.93 8.13 9.19 9.22 8.69 8.24 7.43 6.74 6.08 5.54 6.26 6.39
6.63 7.10 6.91 7.96 8.43 7.78 7.35 6.86 6.30 5.69 5.15 5.32 5.65
CWIP 0.04 0.00 0.49 0.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.91 0.83 0.73 0.92 0.79 0.91 0.89 0.57 0.44 0.39 0.39 0.70 0.74
Total Assets 7.58 7.93 8.13 9.19 9.22 8.69 8.24 7.43 6.74 6.08 5.54 6.26 6.39

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.84 1.06 1.34 1.25 2.05 0.13 1.00 1.13 0.60 0.25 0.62 0.87
-0.50 -0.83 -0.79 -1.63 -0.87 -0.04 -0.26 -0.19 -0.14 -0.04 -0.09 -1.00
-0.36 -0.19 -0.59 0.50 -1.23 -0.07 -0.66 -1.06 -0.47 -0.20 -0.54 0.10
Net Cash Flow -0.02 0.04 -0.04 0.12 -0.06 0.02 0.08 -0.13 -0.02 0.01 -0.01 -0.03

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 21.52 12.17 6.29 6.02 2.87 9.95 12.95 1.41 0.85 1.56 1.76 0.00
Inventory Days 36.50 53.68 51.53 70.00 53.68 67.38 75.52 83.25 89.53 68.44 48.21 76.04
Days Payable 79.08 69.78 55.82 115.00 123.46 89.85 88.10 32.02 103.30 68.44 55.09 30.42
Cash Conversion Cycle -21.06 -3.94 2.00 -38.98 -66.91 -12.51 0.37 52.64 -12.92 1.56 -5.13 45.62
Working Capital Days -9.47 -22.71 -40.12 -48.16 -22.23 -15.30 -9.91 -25.37 -28.86 -49.91 -43.10 -38.68
ROCE % 15.03% 13.95% 13.10% 11.14% 9.30% 6.96% 6.52% 8.50% -4.20% -8.28% -3.30% 14.27%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
24.98% 24.98% 24.98% 24.98% 24.98% 24.98% 24.98% 24.98% 24.99% 24.99% 24.97% 24.98%
No. of Shareholders 7478177908708908858948819109182,1833,166

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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