Chalet Hotels Ltd

Chalet Hotels Ltd

₹ 798 0.73%
16 Jul 11:08 a.m.
About

Chalet Hotels is engaged in the business of hospitality (hotels), commercial and retail operations and real estate development.(Source : 202003-01 Annual Report Page No:113)

Key Points

Property Portfolio
The company owns several hotels and properties, including Novotel Pune Nagar Road Hotel (223 keys), JW Marriott Mumbai Sahar (588 keys), Bengaluru Marriott Hotel Whitefield (391 keys), The Westin Hyderabad Mindspace (427 keys), Four Points by Sheraton Navi Mumbai, Vashi (152 keys), and a few more, and The Orb, an office tower at Sahar, Mumbai. [1]

  • Market Cap 17,400 Cr.
  • Current Price 798
  • High / Low 959 / 446
  • Stock P/E 62.5
  • Book Value 90.5
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 16.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 114% CAGR over last 5 years
  • Company's working capital requirements have reduced from 59.7 days to 26.7 days

Cons

  • Stock is trading at 8.75 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -4.17%
  • Tax rate seems low
  • Company has a low return on equity of 7.99% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 31.9% of their holding.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
89 65 121 154 140 253 248 290 338 303 307 371 411
88 72 86 116 110 151 163 176 183 196 184 205 236
Operating Profit 2 -7 35 39 30 102 85 114 155 107 123 166 175
OPM % 2% -11% 29% 25% 22% 40% 34% 39% 46% 35% 40% 45% 42%
3 5 6 -5 4 6 4 93 -9 5 5 8 10
Interest 34 35 38 33 35 39 38 37 40 45 50 48 51
Depreciation 26 27 28 26 28 30 30 28 30 31 35 35 35
Profit before tax -56 -64 -25 -25 -28 39 21 142 75 35 43 91 99
Tax % 61% 43% 56% 48% 65% 27% 26% 27% 46% -148% 17% 20% 17%
-22 -36 -11 -13 -10 29 16 103 40 88 36 73 82
EPS in Rs -1.06 -1.78 -0.53 -0.64 -0.48 1.40 0.77 5.03 1.96 4.28 1.73 3.56 3.98
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
582 737 796 987 976 276 508 1,128 1,392
441 624 550 667 656 261 409 673 821
Operating Profit 141 113 245 320 320 14 99 455 570
OPM % 24% 15% 31% 32% 33% 5% 19% 40% 41%
7 311 -77 40 18 12 11 93 27
Interest 216 215 209 265 145 145 144 154 193
Depreciation 99 127 112 115 111 108 118 117 136
Profit before tax -167 82 -153 -21 83 -226 -153 277 268
Tax % 32% -59% 34% 51% 1% 48% 47% 32% -4%
-113 130 -101 -10 82 -117 -81 188 278
EPS in Rs -7.43 8.55 -5.90 -0.50 3.98 -5.70 -3.94 9.16 13.54
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 72%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: 114%
3 Years: 65%
TTM: 72%
Stock Price CAGR
10 Years: %
5 Years: 20%
3 Years: 63%
1 Year: 72%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 8%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 152 152 171 205 205 205 205 205 205
Reserves 397 350 351 1,242 1,344 1,228 1,140 1,345 1,654
2,331 2,612 2,700 1,544 1,784 1,970 2,594 2,849 2,796
487 449 469 604 573 540 527 558 889
Total Liabilities 3,367 3,563 3,691 3,595 3,906 3,943 4,465 4,957 5,544
2,401 2,848 2,819 2,753 2,719 2,792 3,413 3,720 3,974
CWIP 32 22 22 28 88 36 32 92 14
Investments 47 0 4 30 131 131 6 166 211
887 692 846 783 968 984 1,013 979 1,345
Total Assets 3,367 3,563 3,691 3,595 3,906 3,943 4,465 4,957 5,544

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
111 203 250 360 256 63 62 494 712
-160 334 -120 131 -404 -86 -396 -615 -457
53 -470 -155 -502 141 -0 411 125 -308
Net Cash Flow 4 67 -25 -10 -7 -23 77 4 -53

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 11 15 25 18 15 40 31 19 14
Inventory Days 2,559 1,454 1,881 6,895 2,070 1,151 1,768
Days Payable 629 401 439 1,248 411 389 654
Cash Conversion Cycle 11 15 1,955 1,070 1,457 5,686 1,690 781 1,129
Working Capital Days 45 18 -20 -34 -8 258 100 52 27
ROCE % 6% 6% 8% 7% -2% 0% 9% 10%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
71.65% 71.65% 71.65% 71.65% 71.65% 71.65% 71.65% 71.65% 71.69% 71.69% 71.66% 67.52%
1.79% 2.13% 2.14% 2.16% 1.82% 1.89% 2.04% 2.97% 2.51% 3.09% 4.24% 6.84%
20.68% 20.88% 20.99% 21.33% 21.89% 22.34% 22.52% 21.50% 21.82% 20.72% 19.61% 21.42%
5.88% 5.34% 5.22% 4.86% 4.65% 4.12% 3.79% 3.88% 3.98% 4.50% 4.48% 4.23%
No. of Shareholders 30,76129,80730,69230,74031,41031,28932,41436,78444,00351,81261,45461,467

* 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