Brigade Hotel Ventures Ltd
Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India.[1]
- Market Cap ₹ 3,202 Cr.
- Current Price ₹ 84.3
- High / Low ₹ 87.8 / 81.1
- Stock P/E 161
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 12.0 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 29.3% CAGR over last 5 years
- Debtor days have improved from 22.4 to 17.6 days.
Cons
- Company has low interest coverage ratio.
* 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
Consumer Discretionary Consumer Services Leisure Services Hotels & Resorts
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 205 | 228 | 63 | 124 | 302 | 343 | |
| 154 | 163 | 78 | 118 | 222 | 222 | |
| Operating Profit | 51 | 65 | -15 | 5 | 80 | 121 |
| OPM % | 25% | 28% | -24% | 4% | 26% | 35% |
| 2 | -5 | -34 | -4 | 13 | 1 | |
| Interest | 33 | 53 | 51 | 53 | 60 | 60 |
| Depreciation | 37 | 54 | 57 | 48 | 40 | 36 |
| Profit before tax | -18 | -46 | -157 | -99 | -7 | 26 |
| Tax % | -30% | -30% | -19% | -29% | -30% | 28% |
| -12 | -32 | -127 | -70 | -5 | 19 | |
| EPS in Rs | -123.20 | -324.40 | -1,268.10 | -702.70 | -46.00 | 186.00 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 76% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 30% |
| TTM: | 227% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
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Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | -22 | -55 | -120 | 91 | -188 | -170 |
| 723 | 784 | 851 | 583 | 896 | 926 | |
| 129 | 192 | 96 | 133 | 87 | 81 | |
| Total Liabilities | 830 | 922 | 828 | 808 | 795 | 838 |
| 533 | 660 | 599 | 552 | 527 | 556 | |
| CWIP | 100 | 29 | 30 | 24 | 29 | 72 |
| Investments | 116 | 119 | 90 | 90 | 91 | 91 |
| 80 | 114 | 110 | 142 | 149 | 119 | |
| Total Assets | 830 | 922 | 828 | 808 | 795 | 838 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 53 | 53 | -12 | -15 | 92 | 133 | |
| -131 | -66 | -14 | -11 | -11 | -43 | |
| 68 | -9 | 51 | 25 | -104 | -72 | |
| Net Cash Flow | -10 | -22 | 25 | -1 | -23 | 19 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 26 | 22 | 60 | 29 | 20 | 18 |
| Inventory Days | 52 | 48 | 78 | 57 | ||
| Days Payable | 381 | 460 | 1,001 | 462 | ||
| Cash Conversion Cycle | -303 | -391 | -862 | -376 | 20 | 18 |
| Working Capital Days | -187 | -219 | -616 | -286 | -158 | -71 |
| ROCE % | 2% | -10% | -5% | 6% | 12% |
Leading Hotel Operator[1]
Brigade Hotel Ventures Ltd (BHVL) is the second-largest owner of chain-affiliated hotels in South India among major private hotel asset owners (owning ≥500 rooms).