Kamat Hotels (India) Ltd

Kamat Hotels (India) Ltd

₹ 240 5.00%
14 Jun - close price
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 621 Cr.
  • Current Price 240
  • High / Low 374 / 187
  • Stock P/E 30.6
  • Book Value 79.4
  • Dividend Yield 0.00 %
  • ROCE 17.7 %
  • ROE 11.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Promoter holding has increased by 2.73% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoters have pledged 81.4% of their holding.
  • Earnings include an other income of Rs.41.4 Cr.
  • Company's cost of borrowing seems high

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
29.16 13.80 33.12 51.38 46.20 68.94 61.73 83.81 80.50 69.62 64.00 86.13 84.51
21.41 16.07 25.18 34.10 32.89 39.58 43.06 50.58 53.03 46.56 45.38 60.15 61.45
Operating Profit 7.75 -2.27 7.94 17.28 13.31 29.36 18.67 33.23 27.47 23.06 18.62 25.98 23.06
OPM % 26.58% -16.45% 23.97% 33.63% 28.81% 42.59% 30.24% 39.65% 34.12% 33.12% 29.09% 30.16% 27.29%
0.55 0.23 0.24 0.32 0.36 1.21 0.49 11.20 232.16 -0.45 2.34 34.70 4.85
Interest 10.93 11.60 13.05 12.46 13.34 12.85 12.86 6.04 -9.70 16.10 16.36 13.18 14.91
Depreciation 4.29 4.31 4.26 4.26 4.19 3.77 3.85 4.01 3.84 3.94 4.10 4.87 4.78
Profit before tax -6.92 -17.95 -9.13 0.88 -3.86 13.95 2.45 34.38 265.49 2.57 0.50 42.63 8.22
Tax % 20.52% 20.17% 25.30% -44.32% 28.24% 16.99% 3.67% 19.23% -2.14% 56.81% 92.00% 2.46% 74.09%
-5.49 -14.33 -6.83 1.25 -2.76 11.58 2.37 27.77 271.16 1.11 0.03 41.57 2.13
EPS in Rs -2.33 -6.08 -2.90 0.53 -1.17 4.91 1.00 11.77 109.99 0.45 0.01 16.86 0.82
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
167 159 162 182 183 201 236 222 66 144 295 304
134 121 130 142 130 147 164 158 58 108 186 214
Operating Profit 33 38 33 40 53 54 72 64 8 36 109 91
OPM % 20% 24% 20% 22% 29% 27% 31% 29% 12% 25% 37% 30%
0 8 5 19 40 -195 -4 16 5 1 245 41
Interest 85 72 81 41 28 16 22 37 42 50 22 61
Depreciation 24 25 31 25 24 23 18 18 18 17 15 18
Profit before tax -75 -52 -74 -7 41 -180 28 24 -46 -30 316 54
Tax % 17% 18% 11% -483% -1% -7% 39% -2% 21% 25% 1% 17%
-62 -42 -65 -39 42 -192 17 25 -36 -23 313 45
EPS in Rs -32.66 -17.93 -27.66 -16.71 17.62 -81.50 7.16 10.50 -15.39 -9.61 126.91 17.31
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 5%
3 Years: 66%
TTM: 3%
Compounded Profit Growth
10 Years: 10%
5 Years: -1%
3 Years: 36%
TTM: -74%
Stock Price CAGR
10 Years: 8%
5 Years: 42%
3 Years: 72%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 20 24 24 24 24 24 24 24 24 24 25 26
Reserves 146 105 32 -8 4 -189 -172 -147 -183 -205 117 179
673 656 669 664 621 547 495 458 470 460 346 265
100 105 129 175 144 120 137 151 154 188 121 147
Total Liabilities 939 889 855 855 793 503 484 486 465 467 609 618
768 744 708 685 622 386 375 373 356 348 363 394
CWIP 36 2 0 0 1 0 0 5 6 1 2 4
Investments 0 0 0 0 4 4 5 1 1 0 3 4
134 143 146 170 166 112 104 106 102 117 241 217
Total Assets 939 889 855 855 793 503 484 486 465 467 609 618

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
45 34 29 59 30 115 79 74 1 31 119 72
-44 4 5 -3 3 -0 -7 -8 -4 -5 -41 145
0 -38 -33 -57 -30 -117 -74 -58 5 -17 -91 -219
Net Cash Flow 1 1 0 -1 4 -3 -2 8 2 9 -13 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 29 37 28 22 17 31 20 17 31 25 11 10
Inventory Days 94 100 111 111 117 62 54 56 102 53 55 59
Days Payable 509 596 446 715 347 363 331 490 1,261 532 343 433
Cash Conversion Cycle -386 -459 -307 -582 -213 -271 -257 -417 -1,128 -453 -277 -364
Working Capital Days -580 -1,016 -1,162 -860 -676 -796 -484 -536 -639 -387 -84 -89
ROCE % 2% 3% 1% 3% 6% 7% 15% 14% -3% 7% 26%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
60.90% 60.90% 60.90% 60.90% 60.90% 60.90% 62.59% 61.47% 61.47% 61.47% 63.34% 64.20%
0.01% 0.19% 0.00% 0.14% 0.00% 0.04% 0.35% 0.50% 0.38% 0.51% 0.25% 0.21%
3.06% 3.14% 3.38% 3.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
36.04% 35.77% 35.72% 35.78% 39.09% 39.06% 37.05% 38.03% 38.15% 38.01% 36.40% 35.58%
No. of Shareholders 17,79818,04518,43418,80318,16616,70916,21915,26015,10314,62024,83724,816

* 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