The Byke Hospitality Ltd

The Byke Hospitality Ltd

₹ 68.9 -4.97%
28 Feb - close price
About

Incorporated in 1990, The Byke Hospitality Ltd is in the business of Hospitality[1]

Key Points

Business Overview:[1][2]
TBHL is a hospitality company focused on the mid -market/budget traveller with most properties located in popular destinations in tier1 /tier 2 or mini metros. Company’s portfolio consists of 17 operational properties on long term leases (10 - 20 years) out of which 2 are owned, 14 are under long term lease contracts (1042 keys) and 1 under management contract (39 keys). Company is present in 9 states and 12 cities with 15 hotels having 1,255 rooms

  • Market Cap 276 Cr.
  • Current Price 68.9
  • High / Low 77.2 / 31.2
  • Stock P/E 49.9
  • Book Value 40.4
  • Dividend Yield 0.00 %
  • ROCE 4.63 %
  • ROE 1.45 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 101 to 66.3 days.
  • Company's working capital requirements have reduced from 225 days to 129 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.40% over past five years.
  • Company has a low return on equity of -5.74% over last 3 years.

* 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
22.35 22.66 12.13 16.54 31.53 33.09 36.27 19.68 31.66 26.80 20.05 19.76 21.08
15.69 14.88 11.48 11.33 23.36 23.81 24.65 13.51 21.67 14.74 12.95 11.39 11.45
Operating Profit 6.66 7.78 0.65 5.21 8.17 9.28 11.62 6.17 9.99 12.06 7.10 8.37 9.63
OPM % 29.80% 34.33% 5.36% 31.50% 25.91% 28.04% 32.04% 31.35% 31.55% 45.00% 35.41% 42.36% 45.68%
0.22 0.32 0.11 0.29 0.24 0.22 0.25 0.26 0.27 0.27 0.27 0.35 0.33
Interest 2.07 2.05 2.11 2.54 2.67 2.67 2.47 2.94 2.38 2.21 2.07 1.89 1.87
Depreciation 7.46 7.03 7.07 8.26 7.83 6.70 7.35 7.49 7.40 7.43 4.21 6.57 7.64
Profit before tax -2.65 -0.98 -8.42 -5.30 -2.09 0.13 2.05 -4.00 0.48 2.69 1.09 0.26 0.45
Tax % 25.66% 25.51% 6.65% 17.55% 34.45% -500.00% -30.73% 13.25% -102.08% 20.82% -37.61% -242.31% -124.44%
-1.97 -0.73 -7.86 -4.36 -1.37 0.77 2.67 -3.47 0.97 2.12 1.50 0.89 1.01
EPS in Rs -0.49 -0.18 -1.96 -1.09 -0.34 0.19 0.67 -0.87 0.24 0.53 0.37 0.22 0.25
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
49.06 100.11 154.26 179.81 229.76 269.98 177.41 146.77 122.19 65.61 93.29 114.41 87.69
43.89 82.49 125.66 142.54 177.08 207.76 108.57 122.90 85.86 51.39 69.72 74.34 50.53
Operating Profit 5.17 17.62 28.60 37.27 52.68 62.22 68.84 23.87 36.33 14.22 23.57 40.07 37.16
OPM % 10.54% 17.60% 18.54% 20.73% 22.93% 23.05% 38.80% 16.26% 29.73% 21.67% 25.27% 35.02% 42.38%
0.05 0.50 0.15 0.11 0.14 0.65 0.77 0.91 1.00 0.87 0.86 1.05 1.22
Interest 0.55 2.37 2.11 1.84 1.56 1.14 0.89 2.24 6.83 8.54 10.25 10.24 8.04
Depreciation 1.12 4.19 5.38 10.17 11.60 12.77 13.65 14.95 28.05 26.47 29.86 29.67 25.85
Profit before tax 3.55 11.56 21.26 25.37 39.66 48.96 55.07 7.59 2.45 -19.92 -15.68 1.21 4.49
Tax % 32.39% 32.87% 25.21% 21.05% 34.62% 34.60% 34.61% 33.47% -68.98% 8.43% 18.24% -89.26%
2.40 7.76 15.89 20.03 25.94 32.02 36.01 5.06 4.15 -18.24 -12.82 2.29 5.52
EPS in Rs 0.60 1.94 3.96 5.00 6.47 7.99 8.98 1.26 1.03 -4.55 -3.20 0.57 1.37
Dividend Payout % 83.54% 25.84% 18.93% 20.02% 15.46% 12.52% 11.14% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: -8%
3 Years: -2%
TTM: -27%
Compounded Profit Growth
10 Years: -11%
5 Years: -42%
3 Years: -18%
TTM: 487%
Stock Price CAGR
10 Years: -8%
5 Years: 21%
3 Years: 55%
1 Year: 73%
Return on Equity
10 Years: 8%
5 Years: -2%
3 Years: -6%
Last Year: 1%

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 20.05 20.05 20.05 40.10 40.10 40.10 40.10 40.10 40.10 40.10 40.10 40.10 40.10
Reserves 47.00 52.41 64.78 59.96 81.07 112.67 143.65 143.86 147.99 129.83 117.08 119.41 121.80
17.34 19.87 14.55 12.41 10.74 8.33 20.16 20.45 56.86 80.37 96.67 81.15 65.66
9.48 21.31 25.99 23.58 27.67 25.47 31.48 17.87 17.94 13.09 8.97 6.21 9.01
Total Liabilities 93.87 113.64 125.37 136.05 159.58 186.57 235.39 222.28 262.89 263.39 262.82 246.87 236.57
46.71 72.68 78.43 79.08 84.35 91.87 103.02 106.04 143.98 142.08 147.41 160.95 142.82
CWIP 19.70 3.10 3.55 1.55 3.01 2.39 8.49 16.61 17.93 21.80 9.59 5.55 5.55
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
27.46 37.86 43.39 55.42 72.22 92.31 123.88 99.63 100.98 99.51 105.82 80.37 88.20
Total Assets 93.87 113.64 125.37 136.05 159.58 186.57 235.39 222.28 262.89 263.39 262.82 246.87 236.57

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
2.77 15.68 19.99 16.44 26.84 28.18 31.34 25.49 33.41 12.97 17.30 60.67
-19.47 -14.50 -9.16 -8.71 -18.19 -19.14 -30.13 -23.86 -21.95 -7.54 -0.46 -40.49
17.67 -2.13 -9.89 -7.44 -8.06 -8.33 6.26 -6.57 -14.59 -5.11 -15.03 -23.19
Net Cash Flow 0.97 -0.95 0.94 0.29 0.59 0.71 7.47 -4.94 -3.13 0.32 1.81 -3.01

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 21.80 43.50 25.34 28.50 28.10 30.05 61.15 71.03 80.53 138.36 98.67 66.29
Inventory Days 633.23 295.45 234.78 154.30 99.60 151.23 190.31 202.27 251.01 473.45 342.99 298.60
Days Payable 316.61 449.84 249.16 170.45 102.16 59.74 54.87 51.29 64.70 113.56 73.37 62.29
Cash Conversion Cycle 338.41 -110.89 10.96 12.35 25.54 121.55 196.58 222.00 266.85 498.25 368.30 302.61
Working Capital Days 96.20 42.26 29.39 50.69 57.08 74.76 129.66 135.04 164.68 311.93 232.68 129.01
ROCE % 5.53% 15.77% 24.38% 25.69% 33.73% 34.20% 30.66% 4.81% 4.13% -4.58% -2.15% 4.63%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
46.86% 46.86% 46.86% 46.86% 46.86% 46.85% 46.85% 46.85% 46.85% 46.85% 46.85% 46.85%
4.48% 4.48% 4.52% 4.46% 4.46% 4.46% 4.46% 4.46% 4.15% 0.00% 0.02% 0.01%
0.94% 0.93% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94%
47.73% 47.73% 47.69% 47.75% 47.75% 47.75% 47.75% 47.75% 48.05% 52.21% 52.19% 52.19%
No. of Shareholders 16,93615,94116,49517,19218,14118,50417,99917,66517,18018,46819,40519,469

* 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.

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