Kamat Hotels (India) Ltd

Kamat Hotels (India) Ltd

₹ 297 2.68%
24 Apr 1:58 p.m.
About

Kamat Hotels India Ltd is one of the companies of the Kamats Group. KHIL is engaged in the Hospitality business and other related services like hotel consultancy, setup, etc… [1]

Key Points

About[1]
Kamat Hotels (India) Limited, the flagship company of Kamat Group was incorporated with the main objective of setting up and running of hotels across India. Its globally recognized brand ‘The Orchid’ an Ecotel Hotel was Asia’s first chain of a 5-star, environment-sensitive hotel, positioned in the mid to up-market category. KHIL generates revenue via three activities –
1 Operating owned and leased hotels
2 Contract management of Hotels
3 Orchid Loyalty program.
The hotels are situated in prime locations in various cities like Mumbai, Pune, Konark Bhubaneswar etc. The company has 5 brands with 13 properties in 4/5 star segment with ~1500 keys as of FY23.

  • Market Cap 731 Cr.
  • Current Price 297
  • High / Low 374 / 159
  • Stock P/E 12.4
  • Book Value 99.8
  • Dividend Yield 0.00 %
  • ROCE 23.1 %
  • ROE 69.6 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 21.1% CAGR over last 5 years
  • Promoter holding has increased by 1.87% over last quarter.

Cons

  • Stock is trading at 2.97 times its book value
  • The company has delivered a poor sales growth of 5.59% over past five years.
  • Promoters have pledged 84.5% of their holding.
  • Earnings include an other income of Rs.245 Cr.

* 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

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
14 23 11 24 38 34 52 46 64 62 51 47 63
12 17 12 19 26 24 29 31 37 37 36 34 46
Operating Profit 2 6 -1 5 12 11 23 15 26 25 16 12 17
OPM % 14% 26% -11% 23% 32% 31% 44% 32% 41% 40% 31% 26% 26%
0 0 0 0 0 0 1 0 11 193 4 7 40
Interest 10 10 11 12 12 13 12 12 5 -10 15 16 11
Depreciation 3 2 2 2 3 3 2 2 3 3 2 2 2
Profit before tax -10 -6 -14 -9 -2 -4 9 0 30 226 3 2 42
Tax % 27% 24% 25% 25% 22% 25% 25% 29% 22% -3% 52% 27% 2%
-8 -5 -11 -7 -1 -3 7 0 23 232 1 1 41
EPS in Rs -3.21 -2.07 -4.58 -2.91 -0.57 -1.40 3.00 0.08 9.75 93.92 0.56 0.51 16.79
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
141 137 133 132 150 155 170 192 179 52 108 224 223
98 104 97 105 110 104 114 125 122 45 81 134 153
Operating Profit 43 33 36 27 40 51 56 67 56 7 27 89 69
OPM % 30% 24% 27% 21% 27% 33% 33% 35% 31% 14% 25% 40% 31%
21 32 -212 6 -74 28 22 2 25 5 1 205 245
Interest 50 60 57 79 39 28 15 22 34 39 48 19 32
Depreciation 14 15 14 18 13 13 12 11 11 10 10 10 9
Profit before tax 0 -9 -248 -65 -86 38 51 36 36 -37 -30 265 273
Tax % -450% 38% 6% 9% 1% 1% 26% 30% 1% 26% 25% 1%
1 -6 -233 -59 -85 38 38 25 36 -28 -22 262 276
EPS in Rs 0.52 -2.96 -98.63 -25.08 -36.16 16.19 16.07 10.63 15.14 -11.69 -9.47 106.20 111.78
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 8%
TTM: 14%
Compounded Profit Growth
10 Years: 22%
5 Years: 21%
3 Years: 68%
TTM: 213%
Stock Price CAGR
10 Years: 17%
5 Years: 43%
3 Years: 113%
1 Year: 75%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 70%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 20 20 24 24 24 24 24 24 24 24 24 25 25
Reserves 235 248 16 -51 -136 -114 -77 -51 -16 -43 -65 206 221
435 442 451 475 470 429 353 302 247 258 248 308 315
101 102 80 103 123 114 87 102 114 119 149 94 92
Total Liabilities 790 812 571 551 481 454 388 376 370 358 356 633 654
386 367 353 328 317 303 291 283 276 266 265 171 168
CWIP 6 1 0 0 0 0 0 0 5 6 0 1 0
Investments 83 99 99 99 6 1 0 0 0 0 0 50 50
316 345 120 124 159 150 96 92 88 86 91 411 435
Total Assets 790 812 571 551 481 454 388 376 370 358 356 633 654

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
47 44 36 23 51 32 116 71 63 -1 20 99
-82 -10 4 5 3 3 4 -3 -6 1 -2 -159
32 -34 -39 -28 -57 -33 -119 -72 -56 6 -16 59
Net Cash Flow -3 -0 1 -0 -2 3 1 -4 0 6 2 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 34 32 41 32 25 18 31 21 20 43 29 13
Inventory Days 105 103 110 130 123 127 59 56 58 113 61 52
Days Payable 265 445 565 388 661 344 369 405 564 1,565 617 412
Cash Conversion Cycle -125 -310 -414 -226 -513 -198 -279 -329 -487 -1,410 -527 -347
Working Capital Days -154 -554 -686 -892 -545 -347 -524 -208 -247 -595 -405 -73
ROCE % 8% 6% 8% 3% 9% 14% 15% 20% 18% -1% 8% 23%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.90% 60.90% 60.90% 60.90% 60.90% 60.90% 60.90% 62.59% 61.47% 61.47% 61.47% 63.34%
0.00% 0.01% 0.19% 0.00% 0.14% 0.00% 0.04% 0.35% 0.50% 0.38% 0.51% 0.25%
0.00% 3.06% 3.14% 3.38% 3.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
39.10% 36.04% 35.77% 35.72% 35.78% 39.09% 39.06% 37.05% 38.03% 38.15% 38.01% 36.40%
No. of Shareholders 18,93217,79818,04518,43418,80318,16616,70916,21915,26015,10314,62024,837

* 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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