Dhanada Corporation Ltd

Dhanada Corporation Ltd

₹ 2.30 -4.96%
04 Mar 2024
About

Incorporated in 1986, Dhanada Corporation Ltd (formerly known as Vedant Hotels Private Ltd) is primarily engaged in the business of Hospitality /Hotels.

Key Points

Business Overview:[1]
Company established a Five Star Hotel (VITS Aurangabad) at Aurangabad. The hotel has 100 luxuries guest rooms with required amenities. The hotel is spread over an area of 1.5 acres. Company entered into a Management Agreement with Vits Hotels Worldwide Private Limited for management of day to day operations of the Hotel.

  • Market Cap 12.9 Cr.
  • Current Price 2.30
  • High / Low 3.64 / 1.48
  • Stock P/E
  • Book Value -0.67
  • Dividend Yield 0.00 %
  • ROCE -4.35 %
  • ROE -331 %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -11.2% over past five years.
  • Company has a low return on equity of -68.9% over last 3 years.
  • Promoter holding has decreased over last 3 years: -8.25%
  • Working capital days have increased from -206 days to 167 days

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
2.09 3.01 2.14 0.21 0.51 1.30 0.91 0.25 1.07 2.00 1.56 2.29 2.01
1.85 2.21 2.49 0.76 0.68 0.96 1.70 0.80 1.50 1.54 2.04 2.13 1.71
Operating Profit 0.24 0.80 -0.35 -0.55 -0.17 0.34 -0.79 -0.55 -0.43 0.46 -0.48 0.16 0.30
OPM % 11.48% 26.58% -16.36% -261.90% -33.33% 26.15% -86.81% -220.00% -40.19% 23.00% -30.77% 6.99% 14.93%
0.01 0.01 0.04 0.01 0.01 0.01 0.04 0.02 0.02 0.01 0.09 0.01 0.02
Interest 0.87 0.91 0.93 0.97 1.01 1.05 1.07 1.12 1.18 1.22 1.24 1.30 1.37
Depreciation 0.19 0.19 0.18 0.18 0.18 0.18 0.17 0.17 0.17 0.17 0.16 0.16 0.17
Profit before tax -0.81 -0.29 -1.42 -1.69 -1.35 -0.88 -1.99 -1.82 -1.76 -0.92 -1.79 -1.29 -1.22
Tax % 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%
-0.81 -0.29 -1.42 -1.69 -1.35 -0.88 -1.99 -1.81 -1.76 -0.92 -1.79 -1.29 -1.22
EPS in Rs -0.14 -0.05 -0.25 -0.30 -0.24 -0.16 -0.36 -0.32 -0.31 -0.16 -0.32 -0.23 -0.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
6.70 8.50 9.00 8.45 8.62 8.53 8.83 10.93 11.22 9.28 2.94 4.88 7.86
4.52 6.51 5.88 6.04 6.57 6.42 7.51 9.01 8.96 8.35 4.11 5.83 7.42
Operating Profit 2.18 1.99 3.12 2.41 2.05 2.11 1.32 1.92 2.26 0.93 -1.17 -0.95 0.44
OPM % 32.54% 23.41% 34.67% 28.52% 23.78% 24.74% 14.95% 17.57% 20.14% 10.02% -39.80% -19.47% 5.60%
0.10 -0.48 0.37 0.85 -4.04 -2.16 -0.93 -1.02 0.16 0.09 0.08 0.14 0.13
Interest 1.55 1.54 1.69 1.80 1.80 1.96 2.20 2.69 3.09 3.59 4.12 4.80 5.13
Depreciation 1.26 1.28 1.33 1.34 2.09 2.09 1.73 1.20 0.98 0.76 0.70 0.67 0.66
Profit before tax -0.53 -1.31 0.47 0.12 -5.88 -4.10 -3.54 -2.99 -1.65 -3.33 -5.91 -6.28 -5.22
Tax % 0.00% 0.00% 0.00% 16.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.53 -1.30 0.47 0.10 -5.88 -4.11 -3.54 -2.99 -1.65 -3.33 -5.91 -6.28 -5.22
EPS in Rs -0.11 -0.26 0.08 0.02 -1.05 -0.73 -0.63 -0.53 -0.29 -0.60 -1.06 -1.12 -0.93
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%
Compounded Sales Growth
10 Years: -5%
5 Years: -11%
3 Years: -24%
TTM: 123%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 19%
Stock Price CAGR
10 Years: -12%
5 Years: 2%
3 Years: -28%
1 Year: -34%
Return on Equity
10 Years: -13%
5 Years: -35%
3 Years: -69%
Last Year: -331%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 4.91 5.05 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59 5.59
Reserves 19.33 19.32 27.37 27.46 21.24 16.89 13.34 10.35 8.69 5.37 -0.54 -6.85 -9.35
14.79 16.44 11.95 12.63 13.20 14.85 16.38 18.97 22.06 25.61 29.71 34.48 37.15
2.86 2.62 2.91 2.31 1.77 1.90 2.01 1.98 2.00 2.21 2.91 2.89 3.67
Total Liabilities 41.89 43.43 47.82 47.99 41.80 39.23 37.32 36.89 38.34 38.78 37.67 36.11 37.06
35.17 34.71 33.52 32.26 30.03 28.00 26.37 25.34 24.42 23.68 22.98 22.32 22.01
CWIP 0.67 0.05 0.22 0.63 0.90 1.68 1.81 1.81 1.81 1.81 1.81 1.88 1.88
Investments 3.22 5.18 5.18 5.24 4.42 2.21 1.11 0.00 0.00 0.00 0.00 0.00 0.00
2.83 3.49 8.90 9.86 6.45 7.34 8.03 9.74 12.11 13.29 12.88 11.91 13.17
Total Assets 41.89 43.43 47.82 47.99 41.80 39.23 37.32 36.89 38.34 38.78 37.67 36.11 37.06

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2.98 2.39 -3.33 0.79 1.55 1.11 1.06 1.10 1.26 -0.37 2.32 -2.88
-2.16 -2.69 0.02 0.27 -0.29 -0.83 -0.19 -0.12 -0.01 0.03 0.55 -0.03
-0.56 1.61 2.01 -1.06 -1.28 -0.21 -0.61 -0.03 0.06 0.00 0.00 -0.02
Net Cash Flow 0.26 1.31 -1.30 0.00 -0.02 0.07 0.26 0.95 1.31 -0.33 2.86 -2.92

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 33.23 30.49 32.04 27.21 28.37 43.22 37.62 28.05 52.38 62.14 114.22 74.05
Inventory Days 23.23 19.73 24.89 33.18 31.87 28.08 23.55 29.80
Days Payable 527.59 332.12 273.75 250.37 185.40 152.86 176.61 136.56
Cash Conversion Cycle -471.13 -281.90 -216.82 -189.98 -125.16 -81.57 -115.45 -78.72 52.38 62.14 114.22 74.05
Working Capital Days -107.87 -48.95 -191.42 -184.88 -376.01 23.96 -575.82 -609.11 -589.47 -792.14 6.21 166.79
ROCE % 2.65% 2.20% 5.11% 4.26% 0.75% 0.18% -0.41% 2.28% 4.04% 0.71% -5.02% -4.35%

Shareholding Pattern

Numbers in percentages

Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
59.78% 58.58% 57.78% 55.80% 55.73% 53.70% 53.70% 54.26% 54.70% 54.75% 51.85% 51.67%
0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23%
39.99% 41.19% 42.00% 43.97% 44.04% 46.07% 46.07% 45.51% 45.08% 45.02% 47.92% 48.10%
No. of Shareholders 4,0824,1004,1084,1824,2754,2334,2654,2434,3094,3744,3964,448

* 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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