Kamat Hotels (India) Ltd // Hotels

to
73.60
Pros:
Cons:
Stock is trading at 2.84 times its book value
Company has low interest coverage ratio.
The company has delivered a poor growth of 3.28% over past five years.
Company has a low return on equity of -20.25% for last 3 years.
Contingent liabilities of Rs.759.46 Cr.
Company might be capitalizing the interest cost
Promoters have pledged 68.73% of their holding
Earnings include an other income of Rs.40.59 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 174.05 55.21 9947.83 0.52 7.83
2. Indian Hotels 124.05 114.02 14752.75 0.32 9.10 100.74 979.70 7.52 6.51
3. Mahindra Holiday 258.90 29.87 3457.71 1.54 13.73 -57.54 234.54 -12.19 12.17
4. EIH Assoc.Hotels 414.20 35.37 1262.07 1.09 1.89 -52.87 47.35 -8.98 23.14
5. The Byke Hospi. 105.30 12.11 422.23 0.95 5.44 -17.45 36.68 -1.05 38.05
6. TajGVK Hotels 203.70 54.14 1277.23 0.29 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 73.60 12.26 173.55 0.00 0.21

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Depreciation
Interest
Profit before tax
Tax
Net Profit

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

Mar 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
155 106 127 157 167 159 162 182 184
96 77 89 118 138 121 130 185 129
Operating Profit 59 29 38 39 29 38 33 -3 55
OPM % 38.15% 27.22% 30.07% 25.05% 17.34% 24.1% 20.07% -1.38% 29.87%
Other Income 13 12 2 5 5 8 5 62 41
Interest 17 36 38 62 85 72 81 41 28
Depreciation 10 15 15 18 24 25 31 25 23
Profit before tax 45 -10 -12 -36 -75 -52 -74 -7 44
Tax 17 -1 1 -6 -13 -9 -8 33 0
Net Profit 28 -8 -13 -30 -62 -42 -65 -39 45
EPS (unadj) 19.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.42
Dividend Payout % 14.82% -0.0% -0.0% -0.0% -0.0% -0.0% -0.0% -0.0% 0.0%
Compounded Sales Growth
10 Years:%
5 Years:3.28%
3 Years:5.02%
TTM:1.08%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-212.96%
Return on Equity
10 Years:%
5 Years:-28.43%
3 Years:-20.25%
TTM:36.53%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
14 14 16 20 20 24 24 24 24
Reserves 147 143 156 184 125 103 32 -8 37
Borrowings 241 584 582 601 673 656 669 664 637
72 111 134 142 176 176 299 260 248
Total Liabilities 475 851 887 947 993 958 1,024 940 947
282 397 441 764 768 744 708 685 663
CWIP 36 304 287 7 36 2 0 0 1
Investments 94 0 0 0 0 0 0 0 0
63 150 160 176 189 212 315 255 283
Total Assets 475 851 887 947 993 958 1,024 940 947

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
44 101 38 49 45 34 29 59 63
-81 -336 -57 -63 -44 4 5 -3 5
-38 247 6 10 0 -38 -33 -57 -70
Net Cash Flow -75 12 -12 -3 1 1 0 -1 -2