Sinclairs Hotels Ltd

Sinclairs Hotels Ltd

₹ 130 3.86%
23 Feb - close price
About

Sinclairs Hotels has 4-star properties in eight locations in India - 5 in West Bengal and
one each at Ooty in Tamil Nadu, Port Blair in the Andamans and Gangtok in Sikkim. The company owns and operates hotels/resorts at prime locations in Burdwan, Darjeeling, Dooars, Kalimpong, Ooty, Port Blair Siliguri and Gangtok.
As of FY2020, it has a total of 396 rooms, 24 suites, 2 villas and several restaurants & banquets across all its hotels.

Key Points

Market Position
Seven out of Nine properties of the Co were recipients of the TripAdvisor Travellers’ Choice Award 2022 and ranked among the top 10% of hotels worldwide. [1]

  • Market Cap 668 Cr.
  • Current Price 130
  • High / Low 175 / 46.3
  • Stock P/E 34.6
  • Book Value 26.2
  • Dividend Yield 0.58 %
  • ROCE 15.7 %
  • ROE 13.1 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 38.5%

Cons

  • Stock is trading at 4.98 times its book value
  • The company has delivered a poor sales growth of 3.21% over past five years.
  • Company has a low return on equity of 7.31% over last 3 years.
  • Earnings include an other income of Rs.26.9 Cr.

* 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

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
6.19 9.97 1.84 4.62 14.77 9.09 18.33 8.35 13.68 13.41 18.46 8.52 14.07
4.20 6.15 2.70 3.94 6.58 6.19 9.78 6.02 8.23 7.93 8.96 7.38 8.31
Operating Profit 1.99 3.82 -0.86 0.68 8.19 2.90 8.55 2.33 5.45 5.48 9.50 1.14 5.76
OPM % 32.15% 38.31% -46.74% 14.72% 55.45% 31.90% 46.64% 27.90% 39.84% 40.87% 51.46% 13.38% 40.94%
1.31 0.58 1.13 1.41 0.72 0.76 0.35 0.95 1.43 19.71 3.37 1.80 2.05
Interest 0.26 0.27 0.27 0.27 0.26 0.26 0.28 0.29 0.29 0.25 0.27 0.26 0.26
Depreciation 1.39 1.27 1.26 1.23 1.01 1.03 1.07 1.09 1.20 1.35 1.33 1.33 1.15
Profit before tax 1.65 2.86 -1.26 0.59 7.64 2.37 7.55 1.90 5.39 23.59 11.27 1.35 6.40
Tax % 23.64% 26.57% 25.40% 64.41% 24.48% 30.80% 24.24% 17.89% 25.05% 15.64% 24.84% 5.93% 14.53%
1.26 2.11 -0.94 0.21 5.76 1.65 5.73 1.56 4.04 19.90 8.48 1.27 5.47
EPS in Rs 0.23 0.38 -0.17 0.04 1.03 0.30 1.03 0.29 0.74 3.66 1.56 0.23 1.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
14 20 23 29 39 47 46 46 45 17 30 54 54
11 15 16 18 22 27 27 28 28 13 19 32 33
Operating Profit 3 5 7 11 17 20 19 18 17 4 11 22 22
OPM % 24% 26% 30% 37% 43% 43% 42% 39% 37% 26% 36% 41% 40%
3 13 5 1 1 2 2 4 2 6 4 22 27
Interest 0 0 0 0 0 0 0 0 0 1 1 1 1
Depreciation 1 2 3 4 7 8 7 8 7 5 5 5 5
Profit before tax 5 15 9 7 11 14 14 14 12 4 9 38 43
Tax % 33% 8% 25% 33% 37% 35% 16% 31% 19% 17% 24% 19%
3 14 7 5 7 9 12 10 9 4 7 31 35
EPS in Rs 0.51 2.37 1.26 0.85 1.27 1.68 2.12 1.76 1.71 0.63 1.28 5.75 6.52
Dividend Payout % 79% 76% 32% 47% 32% 24% 19% 34% 23% 63% 39% 13%
Compounded Sales Growth
10 Years: 11%
5 Years: 3%
3 Years: 6%
TTM: 10%
Compounded Profit Growth
10 Years: 12%
5 Years: 7%
3 Years: 20%
TTM: 49%
Stock Price CAGR
10 Years: 19%
5 Years: 32%
3 Years: 76%
1 Year: 156%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 7%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 6 6 6 6 6 6 6 6 6 6 6 5 5
Reserves 75 78 63 65 71 79 88 95 101 102 107 123 129
0 0 0 0 0 0 0 0 0 11 10 11 10
13 8 11 14 13 14 14 15 13 12 13 13 13
Total Liabilities 94 92 80 84 90 98 108 116 119 131 135 152 158
40 36 36 57 69 66 60 63 58 64 61 55 53
CWIP 14 25 32 17 5 0 0 0 0 0 0 0 0
Investments 31 19 6 3 7 28 42 48 56 62 70 92 92
9 12 6 7 9 4 5 5 5 4 5 5 13
Total Assets 94 92 80 84 90 98 108 116 119 131 135 152 158

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 4 8 10 14 20 17 14 11 3 8 18
0 11 13 -8 -9 -20 -14 -12 -8 -1 -5 -1
-5 -13 -22 -3 -5 0 -3 -3 -4 -3 -3 -17
Net Cash Flow -2 2 -1 -0 0 -0 1 -0 -0 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 15 19 10 10 13 11 9 9 7 11 9 9
Inventory Days 53 37 38 34 30 16 33 26 24 33 39 18
Days Payable 125 134 109 118 88 69 112 99 109 233 180 115
Cash Conversion Cycle -57 -78 -61 -73 -45 -42 -69 -65 -79 -189 -132 -88
Working Capital Days -104 49 -95 -79 -19 -17 -23 -25 -25 -58 -38 -21
ROCE % 6% 4% 6% 10% 15% 17% 15% 14% 11% 3% 8% 16%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
62.84% 62.84% 62.84% 62.84% 62.84% 61.20% 62.78% 62.78% 62.78% 62.78% 62.78% 62.67%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.05%
0.04% 0.04% 0.04% 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
37.12% 37.12% 37.12% 37.12% 37.16% 38.80% 37.23% 37.22% 37.22% 37.22% 37.17% 37.28%
No. of Shareholders 7,0977,94910,33212,06910,94412,04211,74911,60811,18610,88813,83112,838

* 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.

Documents

Concalls