Chalet Hotels Ltd

Chalet Hotels Ltd

₹ 820 -2.43%
28 Feb - close price
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 16,839 Cr.
  • Current Price 820
  • High / Low 892 / 354
  • Stock P/E 69.6
  • Book Value 82.3
  • Dividend Yield 0.00 %
  • ROCE 9.22 %
  • ROE 10.9 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 29.8 to 19.1 days.
  • Company's working capital requirements have reduced from 85.0 days to 39.3 days

Cons

  • Stock is trading at 9.96 times its book value
  • The company has delivered a poor sales growth of 7.24% over past five years.
  • Company has a low return on equity of -1.29% 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
83 95 70 128 164 148 253 248 290 338 311 315 374
72 94 78 93 124 117 151 163 176 186 201 189 208
Operating Profit 10 1 -9 36 40 31 102 85 113 152 110 126 166
OPM % 13% 1% -13% 28% 25% 21% 40% 34% 39% 45% 35% 40% 44%
5 3 5 6 -5 4 6 4 93 -11 4 4 6
Interest 37 35 36 39 34 36 39 38 37 41 45 50 48
Depreciation 29 29 29 30 28 30 30 30 28 30 31 35 35
Profit before tax -51 -60 -69 -28 -26 -30 39 21 141 71 37 44 89
Tax % 39% 57% 40% 50% 45% 62% 27% 26% 27% 49% -138% 18% 20%
-31 -26 -42 -14 -14 -11 29 16 102 37 89 36 71
EPS in Rs -1.51 -1.27 -2.03 -0.67 -0.71 -0.56 1.39 0.77 4.99 1.79 4.32 1.77 3.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
501 441 582 737 796 987 981 286 508 1,128 1,337
403 377 446 624 551 668 644 279 409 676 783
Operating Profit 98 64 136 113 245 319 337 7 98 453 554
OPM % 20% 14% 23% 15% 31% 32% 34% 2% 19% 40% 41%
-42 18 13 311 -66 44 24 14 11 92 3
Interest 137 161 216 218 212 266 146 152 144 154 184
Depreciation 60 62 99 127 112 115 113 117 118 117 131
Profit before tax -141 -141 -166 79 -145 -18 101 -248 -153 273 242
Tax % 23% 10% 32% -61% 36% 58% 1% 44% 47% 33%
-109 -126 -112 127 -93 -8 100 -139 -81 183 232
EPS in Rs -7.15 -8.31 -7.39 8.38 -5.43 -0.37 5.01 -6.78 -3.98 8.94 11.32
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 5%
TTM: 42%
Compounded Profit Growth
10 Years: %
5 Years: 55%
3 Years: 16%
TTM: 162%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 70%
1 Year: 124%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: -1%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 152 152 152 152 171 205 205 205 205 205 205
Reserves 508 480 365 315 324 1,218 1,350 1,211 1,136 1,337 1,485
Preference Capital 0 0 0 0 16 52 111 119 175 186
1,759 2,072 2,351 2,636 2,709 1,494 1,791 1,939 2,422 2,667 2,977
567 538 487 449 448 614 690 664 701 748 537
Total Liabilities 2,987 3,242 3,355 3,552 3,652 3,531 4,035 4,019 4,465 4,957 5,204
1,276 2,295 2,390 2,839 2,819 2,753 3,019 3,080 3,413 3,854 4,023
CWIP 572 49 32 21 22 34 88 36 32 98 33
Investments 12 13 47 0 4 5 5 4 6 7 7
1,128 885 886 692 807 738 924 899 1,013 999 1,141
Total Assets 2,987 3,242 3,355 3,552 3,652 3,531 4,035 4,019 4,465 4,957 5,204

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
79 201 249 366 252 60 62 477
-172 329 -118 147 -391 -50 -396 -591
53 -463 -157 -523 133 -34 411 126
Net Cash Flow -40 67 -26 -10 -6 -24 77 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 11 8 11 15 25 18 16 39 31 19
Inventory Days 2,283 1,305 1,871 6,659 3,030 1,605
Days Payable 629 401 455 1,267 602 549
Cash Conversion Cycle 11 8 11 15 1,679 921 1,432 5,431 2,460 1,075
Working Capital Days 26 -55 44 23 -38 -50 -43 115 100 39
ROCE % 1% 2% 6% 6% 8% 8% -3% 0% 9%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
71.65% 71.65% 71.65% 71.65% 71.65% 71.65% 71.65% 71.65% 71.65% 71.65% 71.69% 71.69%
4.99% 4.53% 1.79% 2.13% 2.14% 2.16% 1.82% 1.89% 2.04% 2.97% 2.51% 3.09%
17.70% 17.87% 20.68% 20.88% 20.99% 21.33% 21.89% 22.34% 22.52% 21.50% 21.82% 20.72%
5.66% 5.95% 5.88% 5.34% 5.22% 4.86% 4.65% 4.12% 3.79% 3.88% 3.98% 4.50%
No. of Shareholders 27,35729,41330,76129,80730,69230,74031,41031,28932,41436,78444,00351,812

* 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