Apeejay Surrendra Park Hotels Ltd
Incorporated in 1987, Apeejay Surrendra Park Hotels Limited is engaged in the hospitality business operating under the brand names of "THE PARK", "THE PARK Collection", "Zone by The Park", "Zone Connect by The Park" and "Stop by Zone"[1]
- Market Cap ₹ 3,580 Cr.
- Current Price ₹ 168
- High / Low ₹ 235 / 167
- Stock P/E 54.4
- Book Value ₹ 55.9
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 7.53 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 41.2% CAGR over last 5 years
Cons
- Stock is trading at 3.00 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.39% over last 3 years.
- Company's cost of borrowing seems high
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 416 | 415 | 175 | 243 | 488 | 555 | |
| 334 | 333 | 159 | 199 | 332 | 370 | |
| Operating Profit | 82 | 82 | 15 | 44 | 155 | 185 |
| OPM % | 20% | 20% | 9% | 18% | 32% | 33% |
| 10 | 11 | -9 | 10 | 18 | 13 | |
| Interest | 50 | 51 | 56 | 59 | 62 | 65 |
| Depreciation | 30 | 33 | 36 | 38 | 47 | 48 |
| Profit before tax | 13 | 8 | -85 | -43 | 64 | 85 |
| Tax % | 19% | -195% | 12% | 31% | 26% | 22% |
| 11 | 23 | -75 | -30 | 48 | 66 | |
| EPS in Rs | 6.08 | 1.34 | -4.29 | -1.71 | 2.73 | 3.08 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 47% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 46% |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 4% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 21 |
| Reserves | 571 | 593 | 519 | 490 | 536 | 1,172 |
| 441 | 552 | 608 | 646 | 610 | 93 | |
| 134 | 160 | 121 | 106 | 181 | 168 | |
| Total Liabilities | 1,163 | 1,323 | 1,265 | 1,259 | 1,345 | 1,454 |
| 1,065 | 1,163 | 1,146 | 1,131 | 1,182 | 1,205 | |
| CWIP | 31 | 28 | 27 | 29 | 32 | 41 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 67 | 131 | 92 | 100 | 132 | 209 | |
| Total Assets | 1,163 | 1,323 | 1,265 | 1,259 | 1,345 | 1,454 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 102 | 100 | 26 | 53 | 172 | 162 | |
| -60 | -97 | -24 | -19 | -41 | -103 | |
| -47 | 3 | -5 | -34 | -124 | -36 | |
| Net Cash Flow | -4 | 6 | -3 | -0 | 7 | 23 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 23 | 18 | 37 | 26 | 19 | 21 |
| Inventory Days | 73 | 103 | 71 | 73 | ||
| Days Payable | 217 | 398 | 273 | 207 | ||
| Cash Conversion Cycle | -121 | 18 | 37 | -269 | -183 | -113 |
| Working Capital Days | -77 | -72 | -196 | -37 | -52 | -18 |
| ROCE % | 6% | -1% | 1% | 11% |
Documents
Announcements
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Announcement Under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9h - The Company will participate in investor conference as per the schedule enclosed
- Announcement Under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 2d
- Compliances-Reg.24(A)-Annual Secretarial Compliance 2d
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Announcement Under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement- Audited Financial Results for quarter and financial year ended March 31, 2024
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Announcement Under Regulation 30 (LODR)- Investor Presentation And Quarterly Press Release
29 May - Investor/Analyst Presentation and Quarterly Press Release on financial results for the quarter and financial year ended March 31, 2024
Concalls
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May 2024TranscriptNotesPPT
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Mar 2024Transcript PPT
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Mar 2024TranscriptNotesPPT
Leading Hospitality Company[1] Among hotel chains with asset ownership, they rank as the eighth largest in India in terms of chain-affiliated hotel room inventory as of September 30, 2023. Of the 45,800 rooms owned by chained affiliated hotels across the country, the Company comprises about 1,300 rooms constituting 2.80% of the total inventory.