Chalet Hotels Ltd

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

CHL, promoted by the K Raheja Corp Group, is engaged in hospitality and real estate development. The promoter group is one of the leading business houses in the country with a presence in real estate development with thirty years of legacy.

Chalet owns, manages and develops high-end hotels in India’s gateway cities. Its hotel platform comprises six operating hotels, located in the Mumbai Metropolitan Region, Hyderabad, Bengaluru and Pune.

See full details
  • Market Cap 4,440 Cr.
  • Current Price 217
  • High / Low 219 / 123
  • Stock P/E
  • Book Value 74.9
  • Dividend Yield 0.00 %
  • ROCE -2.67 %
  • ROE -8.46 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.89 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.76% over past five years.
  • Company has a low return on equity of -0.88% for last 3 years.
  • Promoters have pledged 32.01% of their holding.
  • Earnings include an other income of Rs.17.61 Cr.

Peer comparison

Sector: Hotels & Restaurants Industry: Hotels

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
235 247 270 240 235 278 228 53 59 85 98 70
203 134 173 161 154 166 165 59 61 75 97 78
Operating Profit 31 114 97 80 82 112 63 -6 -2 10 1 -9
OPM % 13% 46% 36% 33% 35% 40% 28% -11% -4% 12% 1% -13%
Other Income 21 8 6 5 4 5 10 5 4 5 3 5
Interest 54 70 56 36 37 34 40 40 39 37 35 36
Depreciation 28 29 30 28 28 28 28 30 30 29 29 29
Profit before tax -29 23 17 20 20 55 5 -70 -67 -51 -60 -69
Tax % 56% 37% 23% 32% 49% 40% -764% 44% 36% 39% 57% 40%
Net Profit -12 14 13 16 10 33 43 -39 -43 -31 -26 -42
EPS in Rs -0.73 0.83 0.65 0.80 0.50 1.62 2.09 -1.92 -2.08 -1.51 -1.27 -2.03

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
582 737 796 987 981 294 311
446 624 551 668 644 291 311
Operating Profit 136 113 245 319 337 3 0
OPM % 23% 15% 31% 32% 34% 1% 0%
Other Income 13 311 -66 44 24 18 18
Interest 216 218 212 266 146 152 148
Depreciation 99 127 112 115 113 117 117
Profit before tax -166 79 -145 -18 101 -248 -247
Tax % 32% -61% 36% 58% 1% 44%
Net Profit -112 127 -93 -8 103 -139 -141
EPS in Rs -7.39 8.38 -5.43 -0.37 5.01 -6.78 -6.89
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:-13%
3 Years:-28%
TTM:-61%
Compounded Profit Growth
10 Years:%
5 Years:-5%
3 Years:%
TTM:-386%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:55%
Return on Equity
10 Years:%
5 Years:0%
3 Years:-1%
Last Year:-8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
152 152 187 257 316 324
Reserves 365 315 324 1,218 1,350 1,211
Borrowings 2,351 2,636 2,709 1,494 1,791 1,939
487 449 448 614 690 664
Total Liabilities 3,355 3,552 3,652 3,531 4,035 4,019
2,390 2,839 2,819 2,753 3,019 3,080
CWIP 32 21 22 34 88 36
Investments 47 0 4 5 5 4
886 692 807 738 924 899
Total Assets 3,355 3,552 3,652 3,531 4,035 4,019

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
79 201 249 366 252 60
-172 329 -118 147 -391 -50
53 -463 -157 -523 133 -34
Net Cash Flow -40 67 -26 -10 -6 -24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 11 15 25 18 16 27
Inventory Days 2,283 1,305 1,871 6,544
Days Payable 629 401 455 1,245
Cash Conversion Cycle 11 15 1,679 921 1,432 5,326
Working Capital Days 44 73 121 -1 13 57
ROCE % 6% 6% 8% 8% -3%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
71.41 71.41 71.41 71.41 71.41 71.41 71.41 71.65 71.65 71.65
10.05 9.82 9.42 8.78 8.60 6.33 6.00 5.96 4.99 4.53
15.87 16.08 17.69 18.42 18.76 19.43 18.95 17.19 17.70 17.87
2.67 2.69 1.48 1.38 1.23 2.82 3.63 5.20 5.66 5.95

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