Mahindra Holidays & Resorts India Ltd

Mahindra Holiday Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahindra Holidays & Resorts India Ltd

₹ 400 1.20%
19 Apr - close price
clubmahindra.com BSE: 533088 NSE : MHRIL
About

Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and Hospitality sector of the Mahindra Group offers family holidays primarily through vacation ownership memberships. Started in 1996, the company's flagship brand ‘Club Mahindra’ has over 250,000 members. [1]The Company is the largest Vacation Ownership company
outside the US and is 6th largest globally[2]

Key Points

Brand Reputation
Company is the No. 1 leisure hospitality player in the country.[1]

Website BSE NSE
  • Market Cap ₹ 8,072 Cr.
  • Current Price ₹ 400
  • High / Low ₹ 470 / 280
  • Stock P/E 45.2
  • Book Value ₹ 41.3
  • Dividend Yield 0.00 %
  • ROCE 25.1 %
  • ROE 24.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.3%
  • Company's working capital requirements have reduced from 184 days to 131 days

Cons

  • Stock is trading at 9.68 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 2.37% over past five years.
  • Contingent liabilities of Rs.2,881 Cr.
  • Earnings include an other income of Rs.116 Cr.
  • Company has high debtors of 287 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
227 233 197 238 267 259 288 284 315 310 328 308 336
163 191 144 176 200 207 220 219 236 248 258 227 253
Operating Profit 64 42 53 61 68 52 68 65 79 61 70 80 83
OPM % 28% 18% 27% 26% 25% 20% 24% 23% 25% 20% 21% 26% 25%
19 22 20 28 17 45 16 18 48 27 27 25 37
Interest 3 3 4 6 6 6 6 7 8 8 8 9 8
Depreciation 25 28 28 28 31 33 32 34 35 38 37 40 40
Profit before tax 55 32 41 55 49 59 45 42 84 42 51 56 72
Tax % 26% 24% 26% 26% 26% 25% 26% 26% 26% 26% 26% 26% 5%
41 25 30 41 36 44 34 31 63 31 38 41 68
EPS in Rs 2.03 1.23 1.51 2.02 1.79 2.22 1.68 1.54 3.12 1.55 1.88 2.05 3.37
Raw PDF
Upcoming result date: 26 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
567 691 760 779 952 1,073 1,064 918 977 822 961 1,196 1,281
458 518 594 591 715 817 819 805 789 613 719 916 986
Operating Profit 109 174 166 188 237 256 245 113 188 209 242 280 294
OPM % 19% 25% 22% 24% 25% 24% 23% 12% 19% 25% 25% 23% 23%
63 14 21 -9 12 17 29 43 59 85 108 108 116
Interest 5 8 7 9 10 11 12 5 21 21 26 35 33
Depreciation 20 21 38 65 71 61 55 51 102 104 120 139 156
Profit before tax 146 159 141 105 168 201 207 100 124 169 204 214 221
Tax % 28% 33% 33% 25% 32% 35% 35% 36% 187% 26% 26% 26%
105 107 95 79 114 131 134 64 -108 126 151 159 179
EPS in Rs 5.49 5.62 4.73 3.95 5.69 6.54 6.71 3.19 -5.40 6.28 7.54 7.88 8.85
Dividend Payout % 32% 31% 37% 45% 39% 34% 40% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 2%
3 Years: 7%
TTM: 12%
Compounded Profit Growth
10 Years: 4%
5 Years: 3%
3 Years: 52%
TTM: 4%
Stock Price CAGR
10 Years: 14%
5 Years: 20%
3 Years: 45%
1 Year: 33%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 32%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 84 84 88 88 88 88 133 133 133 133 200 201 201
Reserves 485 550 702 643 503 586 632 164 43 202 365 545 633
1 2 3 6 0 0 0 0 187 165 282 401 420
1,403 1,608 1,818 1,977 2,093 2,312 2,523 5,529 5,832 5,425 5,448 5,663 6,025
Total Liabilities 1,973 2,244 2,611 2,714 2,683 2,986 3,288 5,826 6,195 5,925 6,294 6,810 7,279
441 452 690 796 918 895 858 1,799 2,013 2,176 2,445 2,594 2,639
CWIP 195 253 68 72 36 62 109 222 243 121 115 137 162
Investments 208 186 159 151 138 181 544 411 492 162 381 650 845
1,128 1,354 1,695 1,695 1,591 1,849 1,776 3,393 3,447 3,466 3,354 3,430 3,633
Total Assets 1,973 2,244 2,611 2,714 2,683 2,986 3,288 5,826 6,195 5,925 6,294 6,810 7,279

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
190 213 32 269 116 266 332 300 331 267 356 413
-128 -264 -89 -259 -6 -83 -415 -236 -278 -226 -261 -379
-104 -39 64 -38 -49 -53 -48 -62 -65 -36 -58 -73
Net Cash Flow -42 -91 7 -28 61 129 -131 2 -12 5 37 -40

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 334 330 405 408 320 307 333 421 444 406 345 287
Inventory Days
Days Payable
Cash Conversion Cycle 334 330 405 408 320 307 333 421 444 406 345 287
Working Capital Days 216 282 354 304 207 191 199 285 246 324 98 131
ROCE % 28% 28% 21% 18% 27% 34% 31% 20% 44% 44% 34% 25%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.29% 67.27% 67.22% 67.22% 67.20% 67.08% 67.03% 67.00% 66.95% 66.81% 66.77% 66.77%
4.45% 5.32% 5.18% 4.96% 4.91% 5.07% 4.98% 5.12% 5.24% 5.19% 5.23% 5.26%
11.92% 11.15% 10.48% 9.71% 9.66% 8.31% 8.16% 8.13% 8.29% 10.41% 10.59% 10.70%
15.87% 15.84% 16.73% 17.74% 17.86% 19.22% 19.49% 19.48% 19.27% 17.39% 17.21% 17.07%
0.47% 0.43% 0.38% 0.37% 0.36% 0.32% 0.32% 0.28% 0.25% 0.21% 0.21% 0.21%
No. of Shareholders 50,17459,90162,11865,30068,99874,77375,45074,85377,09170,62075,93476,636

* 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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