EIH Associated Hotels Ltd

EIH Associated Hotels Ltd

₹ 739 -1.33%
19 Apr - 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

History[1]
The company was established in 1983 as Pleasant Hotels Ltd. Its name was changed in 1989 to Oberoi Associated Hotels Limited. Pursuant to further change, Company was named EIH Associated Hotels Ltd

  • Market Cap 2,251 Cr.
  • Current Price 739
  • High / Low 840 / 414
  • Stock P/E 194
  • Book Value 33.8
  • Dividend Yield 0.68 %
  • ROCE 13.2 %
  • ROE 11.5 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 73.1%

Cons

  • Stock is trading at 21.9 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.42% over past five years.
  • Company has a low return on equity of 8.21% 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012
166 184 167 156 181 197
115 122 115 108 127 141
Operating Profit 51 62 53 48 54 56
OPM % 31% 34% 32% 31% 30% 28%
1 -1 1 0 2 4
Interest 20 27 29 30 27 28
Depreciation 14 16 13 13 14 14
Profit before tax 18 20 11 5 15 18
Tax % 39% 50% 34% 49% 39% 33%
11 10 7 2 9 12
EPS in Rs 3.63 3.23 2.44 0.82 3.06 3.95
Dividend Payout % 14% 50% 40% 118% 53% 49%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 6%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: -1%
3 Years: 14%
TTM: 20%
Stock Price CAGR
10 Years: 16%
5 Years: 15%
3 Years: 49%
1 Year: 59%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 8%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012
Equity Capital 20 20 20 20 20 20
Reserves 69 72 76 75 78 83
Preference Capital 10 0 0 0 0 0
276 270 262 256 243 230
47 42 28 31 44 52
Total Liabilities 411 403 385 382 384 385
344 343 339 330 326 319
CWIP 1 2 2 2 1 1
Investments 0 1 1 1 1 1
66 57 44 49 56 64
Total Assets 411 403 385 382 384 385

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012
28 32 17 15 56 54
-10 -19 -9 -6 -18 -8
-14 -18 -13 -8 -37 -45
Net Cash Flow 5 -4 -5 1 1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012
Debtor Days 37 35 18 27 30 30
Inventory Days 200 206 244 216 193 163
Days Payable 710 742 549 599 366 333
Cash Conversion Cycle -473 -500 -287 -355 -142 -139
Working Capital Days 2 3 22 32 -44 20
ROCE % 13% 11% 10% 12% 13%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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% 13.25% 13.31% 13.36% 13.41% 13.42% 13.41% 13.75% 13.88% 13.81% 13.68%
13.21% 13.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
11.79% 11.79% 11.75% 11.70% 11.65% 11.60% 11.59% 11.59% 11.25% 11.11% 11.20% 11.33%
No. of Shareholders 9,0059,6009,42110,33210,12210,57510,66810,79210,50311,91813,12813,920

* 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.

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