Indian Hotels Co Ltd

₹ 315 -1.12%
06 Feb 3:21 p.m.
ihcltata.com BSE: 500850 NSE : INDHOTEL
About

The Indian Hotels Company Ltd is primarily engaged in the business of owning, operating & managing hotels, palaces and resorts.[1]

Key Points

Hotels Portfolio
As per Sept 22, the company has ~180 hotels with a total inventory of ~21,000 rooms. It also has a pipeline of ~62 hotels with an inventory of ~8,000 rooms. Its hotels are spread across 12 countries and 100+ cities.[1][2] It is the largest hotel player in India ahead of Marriott, Radisson, ITC and other large corporations.[3]

Website BSE NSE
  • Market Cap ₹ 44,700 Cr.
  • Current Price ₹ 315
  • High / Low ₹ 349 / 181
  • Stock P/E 61.4
  • Book Value ₹ 50.6
  • Dividend Yield 0.13 %
  • ROCE 1.21 %
  • ROE -5.45 %
  • Face Value ₹ 1.00
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Pros

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

Cons

  • Stock is trading at 6.21 times its book value
  • The company has delivered a poor sales growth of -5.34% over past five years.
  • Company has a low return on equity of -6.55% 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

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,373 1,063 144 257 560 615 345 728 1,111 872 1,266 1,233 1,686
947 855 410 407 577 544 493 656 789 713 888 939 1,089
Operating Profit 426 208 -266 -150 -17 71 -149 73 322 159 378 294 597
OPM % 31% 20% -185% -59% -3% 12% -43% 10% 29% 18% 30% 24% 35%
35 78 118 87 83 37 46 13 12 99 18 37 58
Interest 85 85 88 97 112 106 110 114 125 79 62 60 57
Depreciation 101 103 100 103 102 104 103 102 100 102 103 103 103
Profit before tax 275 98 -336 -263 -148 -102 -315 -130 109 77 231 169 495
Tax % 30% 32% 21% 16% 21% 12% 14% 9% 21% -3% 28% 26% 23%
Net Profit 213 76 -313 -252 -133 -98 -302 -131 96 72 181 130 404
EPS in Rs 1.54 0.56 -2.12 -1.74 -0.90 -0.69 -2.10 -0.91 0.58 0.52 1.20 0.86 2.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,862 3,444 3,743 4,066 4,189 4,023 4,021 4,104 4,512 4,463 1,575 3,056 5,057
2,436 2,894 3,202 3,504 3,762 3,411 3,411 3,432 3,682 3,496 1,937 2,651 3,629
Operating Profit 427 550 542 562 427 612 610 671 830 968 -362 405 1,428
OPM % 15% 16% 14% 14% 10% 15% 15% 16% 18% 22% -23% 13% 28%
118 65 -374 -497 -193 -43 44 83 90 173 325 171 212
Interest 294 212 171 169 176 376 324 269 190 341 403 428 258
Depreciation 228 255 288 308 291 285 299 301 328 404 410 406 410
Profit before tax 23 148 -292 -412 -232 -91 31 184 402 396 -850 -258 972
Tax % 396% 82% -34% -27% -49% -99% 372% 66% 39% 11% 18% 14%
Net Profit -76 41 -389 -536 -347 -203 -46 104 296 364 -796 -265 786
EPS in Rs -0.86 0.03 -4.00 -5.14 -3.51 -1.75 -0.48 0.76 2.17 2.68 -5.45 -1.74 5.27
Dividend Payout % -87% 2,471% -15% 0% 0% -13% -55% 47% 21% 17% -7% -23%
Compounded Sales Growth
10 Years: -1%
5 Years: -5%
3 Years: -12%
TTM: 81%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 266%
Stock Price CAGR
10 Years: 19%
5 Years: 20%
3 Years: 33%
1 Year: 47%
Return on Equity
10 Years: -3%
5 Years: -2%
3 Years: -7%
Last Year: -5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
216 76 81 81 81 99 99 119 119 119 119 142 142
Reserves 2,570 2,894 2,899 2,556 2,146 2,481 2,419 4,062 4,229 4,238 3,530 6,920 7,046
4,243 3,803 3,818 4,252 5,074 4,526 3,383 2,427 2,326 4,501 5,518 3,888 2,745
1,988 2,457 2,494 2,626 2,582 2,691 2,698 2,706 2,840 2,584 2,268 2,052 2,331
Total Liabilities 8,877 9,230 9,291 9,514 9,884 9,797 8,599 9,314 9,514 11,442 11,435 13,002 12,264
4,855 5,706 5,896 6,215 6,299 6,762 5,815 6,163 6,422 8,059 8,438 8,415 8,329
CWIP 411 351 422 554 306 290 223 197 116 244 165 194 238
Investments 2,506 1,904 1,563 1,427 1,587 1,515 1,244 1,511 1,335 1,427 1,483 1,967 1,588
1,105 1,269 1,411 1,318 1,692 1,231 1,317 1,443 1,641 1,712 1,349 2,426 2,109
Total Assets 8,877 9,230 9,291 9,514 9,884 9,797 8,599 9,314 9,514 11,442 11,435 13,002 12,264

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
516 547 502 539 495 619 535 492 711 823 -319 672
-789 455 -345 -297 -726 341 848 -521 -387 -497 -118 -1,641
-86 -1,052 -117 -212 491 -1,196 -1,381 96 -343 -265 280 1,659
Net Cash Flow -359 -50 39 30 260 -237 1 67 -19 62 -157 689

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 26 31 27 25 26 22 25 29 26 24 51 30
Inventory Days 72 87 93 87 85 80 81 83 73 92 236 143
Days Payable 280 316 305 292 273 286 294 330 294 383 807 550
Cash Conversion Cycle -182 -198 -186 -179 -162 -184 -189 -217 -195 -268 -520 -376
Working Capital Days -253 -85 -32 -126 -63 -157 -112 -68 -109 -81 -220 -88
ROCE % 4% 5% 5% 5% 4% 5% 6% 7% 9% 8% -7% 1%

Shareholding Pattern

Numbers in percentages

8 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
40.75 40.75 40.75 40.75 40.75 40.75 40.75 41.05 38.19 38.19 38.19 38.19
11.61 10.85 10.50 12.51 12.27 12.56 13.48 15.19 16.03 15.07 16.25 19.00
33.30 31.73 30.35 28.46 28.03 27.85 26.93 25.16 28.51 29.56 29.19 26.55
0.95 1.13 1.13 1.13 1.13 0.14 0.14 0.14 0.13 0.13 0.13 0.13
13.38 15.54 17.26 17.15 17.81 18.70 18.70 18.47 17.14 17.05 16.22 16.12

* 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.

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