Kamat Hotels (India) Ltd

Kamat Hotels (India) Ltd

₹ 317 1.57%
23 Feb - 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 782 Cr.
  • Current Price 317
  • High / Low 374 / 118
  • Stock P/E 13.7
  • Book Value 63.1
  • Dividend Yield 0.00 %
  • ROCE 26.1 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 79.1% CAGR over last 5 years

Cons

  • Stock is trading at 5.03 times its book value
  • The company has delivered a poor sales growth of 8.02% over past five years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 91.5% of their holding.
  • Earnings include an other income of Rs.269 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

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
19 29 14 33 51 46 69 62 84 80 70 64 86
16 21 16 25 34 33 40 43 51 53 47 45 60
Operating Profit 3 8 -2 8 17 13 29 19 33 27 23 19 26
OPM % 14% 27% -16% 24% 34% 29% 43% 30% 40% 34% 33% 29% 30%
0 1 0 0 0 0 1 0 11 232 -0 2 35
Interest 11 11 12 13 12 13 13 13 6 -10 16 16 13
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 5
Profit before tax -12 -7 -18 -9 1 -4 14 2 34 265 3 0 43
Tax % 24% 21% 20% 25% -44% 28% 17% 4% 19% -2% 57% 92% 2%
-9 -5 -14 -7 1 -3 12 2 28 271 1 0 42
EPS in Rs -3.99 -2.33 -6.08 -2.90 0.53 -1.17 4.91 1.00 11.77 109.99 0.45 0.01 16.86
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
157 167 159 162 182 183 201 236 222 66 144 295 300
116 134 121 130 142 130 147 164 158 58 108 186 205
Operating Profit 41 33 38 33 40 53 54 72 64 8 36 109 95
OPM % 26% 20% 24% 20% 22% 29% 27% 31% 29% 12% 25% 37% 32%
3 0 8 5 19 40 -195 -4 16 5 1 245 269
Interest 62 85 72 81 41 28 16 22 37 42 50 22 36
Depreciation 18 24 25 31 25 24 23 18 18 18 17 15 17
Profit before tax -36 -75 -52 -74 -7 41 -180 28 24 -46 -30 316 311
Tax % 18% 17% 18% 11% -483% -1% -7% 39% -2% 21% 25% 1%
-30 -62 -42 -65 -39 42 -192 17 25 -36 -23 313 314
EPS in Rs -15.49 -32.66 -17.93 -27.66 -16.71 17.62 -81.50 7.16 10.50 -15.39 -9.61 126.91 127.31
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 10%
TTM: 15%
Compounded Profit Growth
10 Years: 13%
5 Years: 79%
3 Years: 86%
TTM: 87%
Stock Price CAGR
10 Years: 19%
5 Years: 50%
3 Years: 111%
1 Year: 147%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 20 20 24 24 24 24 24 24 24 24 24 25 25
Reserves 187 146 105 32 -8 4 -189 -172 -147 -183 -205 117 130
601 673 656 669 664 621 547 495 458 470 460 346 354
113 100 105 129 175 144 120 137 151 154 188 121 121
Total Liabilities 920 939 889 855 855 793 503 484 486 465 467 609 630
764 768 744 708 685 622 386 375 373 356 348 363 357
CWIP 7 36 2 0 0 1 0 0 5 6 1 2 1
Investments 0 0 0 0 0 4 4 5 1 1 0 3 3
149 134 143 146 170 166 112 104 106 102 117 241 268
Total Assets 920 939 889 855 855 793 503 484 486 465 467 609 630

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
49 45 34 29 59 30 115 79 74 1 31 119
-63 -44 4 5 -3 3 -0 -7 -8 -4 -5 -41
10 0 -38 -33 -57 -30 -117 -74 -58 5 -17 -91
Net Cash Flow -3 1 1 0 -1 4 -3 -2 8 2 9 -13

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 33 29 37 28 22 17 31 20 17 31 25 11
Inventory Days 103 94 100 111 111 117 62 54 56 102 53 55
Days Payable 294 509 596 446 715 347 363 331 490 1,261 532 343
Cash Conversion Cycle -158 -386 -459 -307 -582 -213 -271 -257 -417 -1,128 -453 -277
Working Capital Days -253 -580 -1,016 -1,162 -860 -676 -796 -484 -536 -639 -387 -84
ROCE % 4% 2% 3% 1% 3% 6% 7% 15% 14% -3% 7% 26%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
60.90% 60.90% 60.90% 60.90% 60.90% 60.90% 60.90% 60.90% 62.59% 61.47% 61.47% 61.47%
0.00% 0.00% 0.01% 0.19% 0.00% 0.14% 0.00% 0.04% 0.35% 0.50% 0.38% 0.51%
0.00% 0.00% 3.06% 3.14% 3.38% 3.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
39.10% 39.10% 36.04% 35.77% 35.72% 35.78% 39.09% 39.06% 37.05% 38.03% 38.15% 38.01%
No. of Shareholders 16,65018,93217,79818,04518,43418,80318,16616,70916,21915,26015,10314,620

* 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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