Lemon Tree Hotels Ltd

Lemon Tree Hotels Ltd

₹ 140 -1.41%
28 Feb - close price
About

Lemon Tree Hotels Ltd is largest mid-priced and the third largest overall hotel chain in India. It operate in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition.[1]

Key Points

Hotel Portfolio[1]
Company operates a network of 85 hotels with ~8,303 beds in operation. List of hotel brands with hotels in operations:-
Aurika - 2 Hotels - 194 Rooms
Lemon Tree Premiere - 18 Hotels - 2514 Rooms
Lemon Tree Hotel - 39 Hotels - 2867 Rooms
Red Fox Hotel - 12 Hotels - 1401 Rooms
Keys - 14 Hotels - 1327 Rooms

  • Market Cap 11,048 Cr.
  • Current Price 140
  • High / Low 147 / 72.8
  • Stock P/E 88.0
  • Book Value 10.9
  • Dividend Yield 0.00 %
  • ROCE 10.1 %
  • ROE 13.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 51.8% CAGR over last 5 years
  • Debtor days have improved from 31.5 to 23.4 days.

Cons

  • Stock is trading at 12.8 times its book value
  • Company has a low return on equity of -3.75% over last 3 years.

* 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
68 95 42 97 144 120 192 197 234 253 222 227 289
48 69 42 63 80 98 104 103 107 113 118 125 149
Operating Profit 20 26 -0 34 63 22 88 94 126 140 104 102 140
OPM % 29% 28% -0% 35% 44% 18% 46% 48% 54% 55% 47% 45% 48%
2 2 2 2 3 8 1 1 1 2 3 3 3
Interest 45 43 43 45 44 42 43 45 44 45 48 47 53
Depreciation 27 26 26 26 25 27 24 25 24 24 23 23 33
Profit before tax -50 -41 -67 -35 -3 -39 21 25 59 73 36 35 56
Tax % 9% 35% 11% 4% -62% 1% 34% 22% 18% 20% 24% 25% 21%
-46 -27 -60 -33 -5 -39 14 19 49 59 28 26 44
EPS in Rs -0.39 -0.21 -0.51 -0.26 -0.02 -0.31 0.17 0.21 0.50 0.56 0.30 0.29 0.45
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
290 368 412 484 550 669 252 402 875 991
239 268 295 348 381 429 194 283 427 505
Operating Profit 51 100 117 136 169 241 57 119 448 486
OPM % 18% 27% 28% 28% 31% 36% 23% 30% 51% 49%
13 5 12 13 15 11 22 22 10 10
Interest 72 72 78 78 85 162 190 181 182 194
Depreciation 52 52 51 53 54 92 108 104 97 102
Profit before tax -60 -19 -0 18 45 -2 -219 -145 178 200
Tax % -5% -35% -1,452% 21% -25% -499% 15% 5% 21%
-63 -26 -5 15 56 -13 -187 -137 141 157
EPS in Rs -0.81 -0.35 -0.08 0.18 0.67 -0.12 -1.60 -1.10 1.45 1.60
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 9%
TTM: 34%
Compounded Profit Growth
10 Years: %
5 Years: 52%
3 Years: 441%
TTM: 175%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 51%
1 Year: 79%
Return on Equity
10 Years: %
5 Years: -1%
3 Years: -4%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 776 778 781 786 789 790 790 791 792 792
Reserves 34 30 27 28 86 199 127 40 62 73
571 625 799 1,011 1,196 2,017 2,159 2,128 2,177 2,358
515 572 604 632 701 756 738 674 698 734
Total Liabilities 1,896 2,004 2,212 2,458 2,772 3,763 3,815 3,633 3,729 3,957
1,236 1,231 1,418 1,460 1,604 3,307 3,194 3,051 2,957 2,952
CWIP 167 259 351 559 664 190 242 297 482 688
Investments 31 6 6 15 35 14 6 10 6 6
462 508 436 425 469 252 374 276 284 311
Total Assets 1,896 2,004 2,212 2,458 2,772 3,763 3,815 3,633 3,729 3,957

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-51 68 122 115 187 151 41 135 385
-150 -103 -229 -260 -289 -598 -66 -45 -283
159 18 111 149 113 457 111 -163 -132
Net Cash Flow -42 -16 4 3 10 9 87 -73 -31

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 23 24 28 40 56 27 45 26 23
Inventory Days 62 62 57 49 48 57 154 112 82
Days Payable 429 599 692 739 768 584 1,648 807 521
Cash Conversion Cycle -344 -513 -608 -650 -664 -500 -1,450 -668 -415
Working Capital Days -61 -100 -113 -81 -102 -77 -42 -30 -12
ROCE % 3% 4% 5% 5% 5% -1% 1% 10%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
25.88% 25.88% 25.88% 25.88% 23.95% 23.93% 23.61% 23.62% 23.62% 23.60% 23.28% 23.21%
22.83% 22.16% 20.11% 22.81% 28.72% 27.90% 27.46% 26.81% 24.47% 25.48% 24.82% 22.82%
15.34% 14.20% 14.09% 13.47% 12.16% 11.42% 10.73% 10.14% 10.64% 10.38% 13.41% 15.00%
35.72% 37.53% 39.71% 37.63% 34.99% 36.63% 38.11% 39.35% 41.20% 40.46% 38.41% 38.90%
0.23% 0.23% 0.21% 0.21% 0.18% 0.12% 0.10% 0.09% 0.08% 0.08% 0.07% 0.07%
No. of Shareholders 96,6281,36,0551,47,9761,83,5121,72,4591,84,9351,95,8182,24,1562,44,3362,58,0702,81,0032,98,123

* 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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Documents

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