EIH Associated Hotels Ltd

₹ 476 1.98%
03 Oct - close price
About

EIH Associated Hotels Ltd is primarily engaged in owning premium luxury hotels under the luxury 'Oberoi' and five-star 'Trident' brands.[1]

It is a Joint-Venture between the Oberoi Family and the Rajan Raheja Group.[2]

Key Points

Asset Portfolio
As per FY21, the company owns 8 hotels under the 'Oberoi' and 'Trident' brand with a capacity of ~870 rooms.[1]
Its luxury hotels include 'The Oberoi Cecil, Shimla' and 'The Oberoi Rajvilas, Jaipur'. It also owns 6 five-star hotels under the 'Trident' brand in Agra, Bhubaneshwar, Chennai, Cochin, Jaipur and Udaipur.[2]

  • Market Cap 1,451 Cr.
  • Current Price 476
  • High / Low 522 / 307
  • Stock P/E 50.6
  • Book Value 109
  • Dividend Yield 0.00 %
  • ROCE 5.97 %
  • ROE 4.14 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.37 times its book value
  • The company has delivered a poor sales growth of -5.83% over past five years.
  • Company has a low return on equity of 3.26% 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
47.03 45.61 85.82 70.62 3.00 13.35 36.82 48.22 12.74 45.18 76.65 60.62 60.10
43.05 47.05 55.47 53.09 21.18 24.79 32.35 41.85 26.01 39.05 50.20 47.68 49.03
Operating Profit 3.98 -1.44 30.35 17.53 -18.18 -11.44 4.47 6.37 -13.27 6.13 26.45 12.94 11.07
OPM % 8.46% -3.16% 35.36% 24.82% -606.00% -85.69% 12.14% 13.21% -104.16% 13.57% 34.51% 21.35% 18.42%
2.45 1.86 2.44 2.24 1.40 0.86 0.29 -3.42 0.43 0.66 0.68 0.39 1.20
Interest 0.12 0.13 0.12 0.07 0.11 0.23 0.11 0.08 0.08 0.08 0.14 0.03 0.11
Depreciation 3.78 3.85 4.00 4.35 4.24 4.28 4.26 4.19 3.98 3.91 3.99 3.82 4.08
Profit before tax 2.53 -3.56 28.67 15.35 -21.13 -15.09 0.39 -1.32 -16.90 2.80 23.00 9.48 8.08
Tax % 29.25% 242.13% 28.95% 30.10% 28.06% 28.89% 64.10% 27.27% 42.07% 102.50% 30.43% 29.01% 29.70%
Net Profit 1.79 5.06 20.37 10.74 -15.19 -10.74 0.14 -0.95 -9.78 -0.06 16.00 6.73 5.68
EPS in Rs 0.59 1.66 6.69 3.52 -4.99 -3.52 0.05 -0.31 -3.21 -0.02 5.25 2.21 1.86
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
173 188 212 216 229 245 264 264 264 249 101 195 243
119 132 148 153 163 172 190 195 199 196 119 163 186
Operating Profit 54 56 64 63 66 74 74 68 65 53 -18 33 57
OPM % 31% 30% 30% 29% 29% 30% 28% 26% 25% 21% -17% 17% 23%
2 4 0 0 1 2 8 5 8 6 -2 2 3
Interest 25 27 22 11 9 5 2 0 0 0 1 0 0
Depreciation 13 13 13 13 19 16 14 14 14 16 17 16 16
Profit before tax 18 20 30 38 40 55 65 59 58 43 -37 18 43
Tax % 34% 32% 31% 38% 38% 29% 34% 36% 35% 12% 28% 30%
Net Profit 12 13 20 24 25 39 43 38 38 38 -27 13 28
EPS in Rs 3.94 4.38 6.73 7.73 8.12 12.78 14.04 12.40 12.45 12.46 -8.78 4.23 9.30
Dividend Payout % 41% 44% 15% 39% 37% 31% 32% 36% 36% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: -6%
3 Years: -10%
TTM: 118%
Compounded Profit Growth
10 Years: 0%
5 Years: -21%
3 Years: -30%
TTM: 265%
Stock Price CAGR
10 Years: 14%
5 Years: 6%
3 Years: 17%
1 Year: 18%
Return on Equity
10 Years: 10%
5 Years: 7%
3 Years: 3%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
20 20 30 30 30 30 30 30 30 30 30 30
Reserves 93 99 168 181 186 212 251 272 293 315 288 302
242 229 102 74 63 35 1 2 1 3 2 2
49 57 49 97 118 50 63 72 86 99 68 78
Total Liabilities 403 405 349 382 397 328 345 376 411 447 389 412
260 254 278 271 263 256 248 243 252 283 279 278
CWIP 1 1 2 1 1 1 3 3 4 5 6 5
Investments 90 90 1 1 1 1 19 40 45 51 51 74
52 60 69 109 132 70 75 90 110 108 54 55
Total Assets 403 405 349 382 397 328 345 376 411 447 389 412

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
56 54 52 51 53 66 73 57 60 57 -12 38
-18 -8 -6 -8 -24 -15 -26 -46 -42 -34 9 -37
-37 -45 -50 -42 -29 -55 -40 -16 -17 -18 -1 -1
Net Cash Flow 1 1 -4 1 0 -4 7 -5 1 5 -4 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 29 28 31 31 41 37 32 40 44 36 26 14
Inventory Days 187 158 163 200 202 208 188 184 209
Days Payable 362 430 387 491 516 470 480 671 884
Cash Conversion Cycle -146 -245 -193 -260 -274 -225 -260 40 -444 -639 26 14
Working Capital Days -49 15 30 32 50 -0 5 9 3 -20 -47 -29
ROCE % 13% 13% 16% 17% 18% 22% 24% 20% 19% 14% -9% 6%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.25 13.31 13.36
14.19 14.19 13.21 13.21 13.21 13.21 13.21 13.21 13.21 0.00 0.00 0.00
10.81 10.81 11.79 11.79 11.79 11.79 11.79 11.79 11.79 11.75 11.70 11.65

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