Kamat Hotels (India) Ltd // Hotels

Pros:
Cons:
The company has delivered a poor growth of 4.17% over past five years.
Contingent liabilities of Rs.402.39 Cr.
Company might be capitalizing the interest cost
Promoters have pledged 92.42% of their holding
Earnings include an other income of Rs.18.97 Cr.

Peer Comparison

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
1. EIH 154.20 48.90 8813.30 0.58 7.83
2. Indian Hotels 124.35 114.29 14788.43 0.32 9.10 100.74 979.70 7.52 6.51
3. Mahindra Holiday 230.60 26.61 3079.75 1.73 13.73 -57.54 234.54 -12.19 12.17
4. EIH Assoc.Hotels 356.60 30.45 1086.56 1.26 1.89 -52.87 47.35 -8.98 23.14
5. The Byke Hospi. 91.05 10.47 365.09 1.10 5.44 -17.45 36.68 -1.05 35.01
6. TajGVK Hotels 177.70 47.23 1114.21 0.34 4.53 131.12 72.62 22.17 15.12
7. Mac Charles(I) 340.00 19.31 445.40 2.94 5.23 -17.77 19.32 5.29 11.67
8. Kamat Hotels 56.35 6.72 132.87 0.00 3.44 -31.34 43.06 21.50 9.08

Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018
34.78 40.02 40.86 35.61 34.21 42.23 42.0 35.44 35.04 48.48 49.11 43.06
28.66 111.22 25.82 26.18 25.64 26.38 27.27 25.81 26.31 32.52 32.05 30.07
Operating Profit 6.12 -71.2 15.04 9.43 8.57 15.85 14.73 9.63 8.73 15.96 17.06 12.99
OPM % 17.6% -177.91% 36.81% 26.48% 25.05% 37.53% 35.07% 27.17% 24.91% 32.92% 34.74% 30.17%
Other Income 1.12 1.25 3.75 2.22 2.08 22.38 3.4 8.44 15.15 1.8 1.48 0.54
Depreciation 3.24 3.22 3.1 3.08 3.08 3.19 3.2 2.92 2.96 2.98 2.89 2.74
Interest 14.96 5.11 8.37 9.98 11.91 0.14 5.65 2.12 2.66 5.17 5.5 5.9
Profit before tax -10.96 -78.27 7.33 -1.42 -4.34 34.91 9.28 13.03 18.27 9.61 10.15 4.88
Tax -1.17 0.0 0.0 0.0 0.0 3.94 -3.69 3.36 5.33 3.29 1.22 1.44
Net Profit -9.79 -78.27 7.33 -1.42 -4.34 30.96 12.98 9.68 12.95 6.33 8.93 3.44

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
112 148 120 103 121 141 137 133 132 150 155 169 176
60 90 84 73 81 100 112 335 105 246 117 116 121
Operating Profit 52 58 36 30 40 41 25 -202 27 -96 38 52 55
OPM % 46.65% 38.95% 29.74% 29.19% 32.9% 28.86% 18.52% -151.9% 20.54% -63.94% 24.63% 31.09% 31.16%
Other Income 1 13 8 16 11 23 40 26 6 62 41 25 19
Interest 15 17 23 33 33 50 60 57 79 39 28 15 19
Depreciation 8 10 11 13 13 14 15 14 18 13 13 12 12
Profit before tax 30 44 10 1 5 0 -9 -248 -65 -86 38 51 43
Tax 10 16 4 -1 3 -1 -4 -16 -6 -1 0 13 11
Net Profit 21 27 6 1 1 1 -6 -233 -59 -85 38 38 32
EPS 14.52 19.33 3.91 1.01 0.88 0.5 0.0 0.0 0.0 0.0 15.79 15.67
Dividend Payout % 16.76% 15.15% 29.15% 0.0% 0.0% 0.0% -0.0% -0.0% -0.0% -0.0% 0.0% 0.0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:3.84%
5 Years:4.17%
3 Years:8.41%
TTM:14.17%
Compounded Profit Growth
10 Years:20.60%
5 Years:%
3 Years:%
TTM:-35.78%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
TTM:None%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
14 14 14 14 16 20 20 24 24 24 24 24
Reserves 125 148 150 151 176 232 226 14 -51 -136 -114 -76
Borrowings 277 241 309 411 411 435 442 451 475 470 429 353
49 65 68 56 101 109 139 117 103 123 162 115
Total Liabilities 466 468 540 632 704 796 827 606 551 481 502 417
218 276 322 314 304 386 367 353 328 317 303 291
CWIP 30 36 46 46 73 6 1 0 0 0 0 0
Investments 84 101 22 75 79 83 99 99 99 6 1 0
134 56 151 197 248 321 360 154 124 159 197 125
Total Assets 466 468 540 632 704 796 827 606 551 481 502 417

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
32 60 30 28 41 47 44 36 23 51 32 116
-60 -81 -50 -92 -84 -82 -10 4 5 3 3 4
109 -55 21 75 30 32 -34 -39 -28 -57 -33 -119
Net Cash Flow 81 -76 1 11 -13 -3 0 1 0 -2 3 1