EIH Ltd

EIH Ltd

₹ 394 -1.10%
28 Feb - close price
About

EIH is primarily engaged in owning and managing premium luxury hotels and cruisers under the luxury Oberoi, Trident and Maidens brands. The Company is also engaged in flight catering, airport restaurants, project management and corporate air charters.(Source : 202003 Annual Report Page No:124)

Key Points

Pioneer of Luxury Hotels in India[1] EIH Ltd is the flagship company of the Oberoi group founded by Late Rai Bahadur M.S. Oberoi. The group has been in luxury hospitality business for 6+ decades in India and has expanded into international destinations viz. Indonesia, Mauritius, Egypt, and the UAE. As of Q3FY24, the group owns 4269 keys which includes :
International[2]
Keys : 497
Locations : Marrakech, Nile Cruiser, Egypt ,Al Zorah, Mauritius, Bali, Lombok

  • Market Cap 24,596 Cr.
  • Current Price 394
  • High / Low 486 / 150
  • Stock P/E 44.9
  • Book Value 56.0
  • Dividend Yield 0.28 %
  • ROCE 15.6 %
  • ROE 11.4 %
  • Face Value 2.00

Pros

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

Cons

  • Stock is trading at 7.03 times its book value
  • The company has delivered a poor sales growth of 4.78% over past five years.
  • Company has a low return on equity of -1.58% 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

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
179 215 96 230 360 301 394 401 586 637 498 531 741
219 250 215 249 276 289 297 317 377 433 343 388 417
Operating Profit -40 -34 -119 -19 84 12 97 84 209 204 155 143 324
OPM % -22% -16% -124% -8% 23% 4% 25% 21% 36% 32% 31% 27% 44%
16 13 15 18 11 67 30 -20 27 -16 28 26 18
Interest 10 8 9 10 9 9 8 8 7 12 6 6 5
Depreciation 33 31 32 31 31 32 31 32 31 32 32 33 34
Profit before tax -67 -59 -145 -43 56 38 87 25 197 145 145 130 304
Tax % 17% 18% 21% 12% 27% 58% 24% 11% 25% 36% 27% 28% 24%
-56 -49 -114 -37 41 16 66 22 149 92 106 94 230
EPS in Rs -0.89 -0.78 -1.81 -0.59 0.61 0.24 1.00 0.39 2.28 1.35 1.66 1.49 3.51
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,407 1,469 1,547 1,669 1,661 1,529 1,599 1,811 1,596 494 985 2,019 2,407
1,084 1,185 1,211 1,338 1,315 1,265 1,298 1,405 1,301 847 1,019 1,419 1,580
Operating Profit 324 284 336 331 345 263 300 406 295 -354 -34 599 827
OPM % 23% 19% 22% 20% 21% 17% 19% 22% 18% -72% -3% 30% 34%
45 3 34 28 41 61 121 8 73 49 100 16 56
Interest 70 72 53 46 28 18 23 50 56 41 35 36 29
Depreciation 130 141 135 168 133 128 117 133 146 129 124 126 131
Profit before tax 169 74 182 145 224 178 281 231 166 -476 -93 454 724
Tax % 28% 37% 39% 54% 36% 34% 30% 36% 1% 21% -2% 27%
125 54 120 76 143 118 196 149 165 -375 -95 329 522
EPS in Rs 1.96 0.67 1.71 1.01 2.10 1.65 2.87 2.10 2.38 -5.91 -1.56 5.03 8.01
Dividend Payout % 55% 143% 68% 100% 48% 50% 29% 39% -0% -0% -0% 22%
Compounded Sales Growth
10 Years: 3%
5 Years: 5%
3 Years: 8%
TTM: 43%
Compounded Profit Growth
10 Years: 20%
5 Years: 15%
3 Years: 34%
TTM: 138%
Stock Price CAGR
10 Years: 20%
5 Years: 17%
3 Years: 60%
1 Year: 151%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: -2%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 114 114 114 114 114 114 114 114 114 125 125 125 125
Reserves 2,477 2,481 2,501 2,496 2,616 2,666 2,768 2,879 3,022 2,979 2,902 3,250 3,380
558 744 452 418 318 359 502 550 647 510 475 238 198
557 588 637 691 556 540 680 698 658 510 635 782 853
Total Liabilities 3,707 3,927 3,704 3,719 3,604 3,680 4,064 4,242 4,442 4,125 4,137 4,395 4,556
2,678 2,802 2,711 2,615 2,230 2,092 2,548 2,628 3,007 2,885 2,854 2,871 2,907
CWIP 316 230 50 93 115 321 148 79 130 169 55 96 152
Investments 135 202 247 254 301 288 327 428 459 411 365 384 384
578 693 697 757 958 979 1,042 1,107 846 659 863 1,044 1,113
Total Assets 3,707 3,927 3,704 3,719 3,604 3,680 4,064 4,242 4,442 4,125 4,137 4,395 4,556

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
278 207 299 321 231 243 272 282 317 -139 -19 614
-180 -241 -97 -154 -58 -269 -318 -232 -163 -53 23 -300
-666 56 -196 -151 -193 -4 45 -19 -184 170 20 -299
Net Cash Flow -568 22 5 16 -20 -30 -1 31 -31 -23 25 16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 44 51 48 49 44 43 51 50 47 58 43 41
Inventory Days 88 84 89 80 77 81 83 89 112 256 134 121
Days Payable 155 159 195 278 247 282 312 343 380 893 453 577
Cash Conversion Cycle -24 -24 -59 -149 -125 -157 -178 -204 -222 -579 -277 -416
Working Capital Days -39 -16 -20 -26 1 14 -18 -10 -11 -92 -35 -23
ROCE % 7% 5% 7% 6% 9% 7% 9% 10% 6% -11% -3% 16%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
35.74% 35.74% 35.74% 35.74% 35.74% 35.74% 35.74% 35.74% 32.85% 32.85% 32.85% 32.85%
2.83% 3.29% 3.22% 3.56% 3.75% 3.73% 3.67% 3.74% 3.77% 4.03% 4.38% 3.71%
14.45% 13.83% 13.97% 14.03% 13.93% 13.88% 14.37% 14.12% 13.91% 13.74% 13.78% 14.16%
0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.02% 0.02% 0.02% 0.00% 0.00%
46.97% 47.14% 47.07% 46.65% 46.56% 46.64% 46.22% 46.39% 49.47% 49.36% 49.00% 49.29%
No. of Shareholders 80,80388,10588,44290,58789,19189,93591,04090,55489,42688,0271,04,3711,09,919

* 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