Oriental Hotels Ltd
Oriental Hotels Limited is an associate company of The Indian Hotels Company Limited (IHCL). The company has seven hotels – Taj Coromandel, Chennai; Taj Fisherman’s Cove Resort & Spa, Chennai; Taj Malabar Resort & Spa, Cochin; Vivanta Coimbatore; Vivanta Mangalore; The Gateway Hotel Pasumalai, Madurai; and Gateway Coonoor – an IHCL SeleQtions hotel.[1]
- Market Cap ₹ 2,399 Cr.
- Current Price ₹ 134
- High / Low ₹ 143 / 79.0
- Stock P/E 43.3
- Book Value ₹ 21.7
- Dividend Yield 0.37 %
- ROCE 16.0 %
- ROE 15.6 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 32.5% CAGR over last 5 years
Cons
- Stock is trading at 6.19 times its book value
- Company has a low return on equity of 11.0% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
290 | 298 | 300 | 309 | 333 | 357 | 345 | 290 | 116 | 219 | 393 | 391 | |
242 | 255 | 257 | 277 | 286 | 302 | 295 | 252 | 148 | 196 | 282 | 295 | |
Operating Profit | 48 | 42 | 43 | 32 | 48 | 55 | 51 | 37 | -32 | 23 | 111 | 96 |
OPM % | 17% | 14% | 14% | 10% | 14% | 15% | 15% | 13% | -28% | 10% | 28% | 25% |
20 | 4 | 7 | -3 | 11 | 12 | 107 | 11 | 7 | 7 | 15 | 18 | |
Interest | 28 | 29 | 30 | 32 | 32 | 31 | 27 | 24 | 22 | 22 | 20 | 17 |
Depreciation | 26 | 28 | 25 | 24 | 25 | 28 | 28 | 28 | 29 | 26 | 23 | 24 |
Profit before tax | 14 | -10 | -6 | -26 | 2 | 9 | 102 | -4 | -75 | -19 | 83 | 73 |
Tax % | -3% | 31% | 50% | 31% | 23% | 30% | 13% | -6% | 29% | 28% | 30% | 24% |
14 | -7 | -3 | -18 | 2 | 6 | 89 | -4 | -53 | -13 | 58 | 55 | |
EPS in Rs | 0.80 | -0.40 | -0.17 | -1.00 | 0.09 | 0.34 | 5.01 | -0.21 | -2.99 | -0.75 | 3.27 | 3.10 |
Dividend Payout % | 69% | -136% | -239% | -20% | 0% | 0% | 10% | -94% | 0% | 0% | 15% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 50% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | 32% |
3 Years: | 45% |
TTM: | -4% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 25% |
3 Years: | 75% |
1 Year: | 49% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 3% |
3 Years: | 11% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
Reserves | 280 | 261 | 216 | 222 | 221 | 229 | 320 | 296 | 244 | 239 | 303 | 369 |
283 | 308 | 311 | 317 | 322 | 313 | 243 | 228 | 253 | 280 | 215 | 202 | |
89 | 86 | 123 | 82 | 75 | 72 | 75 | 69 | 67 | 66 | 74 | 70 | |
Total Liabilities | 670 | 673 | 668 | 640 | 636 | 632 | 656 | 612 | 582 | 603 | 610 | 659 |
445 | 447 | 450 | 407 | 391 | 376 | 395 | 396 | 372 | 355 | 380 | 388 | |
CWIP | 18 | 16 | 5 | 4 | 4 | 17 | 2 | 2 | 5 | 0 | 4 | 54 |
Investments | 66 | 66 | 66 | 62 | 64 | 66 | 100 | 62 | 65 | 76 | 84 | 106 |
142 | 144 | 147 | 167 | 178 | 173 | 160 | 152 | 139 | 172 | 143 | 111 | |
Total Assets | 670 | 673 | 668 | 640 | 636 | 632 | 656 | 612 | 582 | 603 | 610 | 659 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
50 | 46 | 48 | 22 | 42 | 51 | 35 | 45 | -22 | 29 | 102 | 89 | |
-14 | -25 | -15 | -4 | -1 | -17 | 78 | 40 | -1 | -32 | -7 | -53 | |
-44 | -21 | -38 | -18 | -32 | -40 | -98 | -65 | -0 | 4 | -105 | -40 | |
Net Cash Flow | -8 | -0 | -4 | -0 | 10 | -6 | 16 | 20 | -24 | 1 | -9 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 21 | 19 | 16 | 18 | 14 | 15 | 14 | 13 | 28 | 23 | 17 | 13 |
Inventory Days | 71 | 59 | 71 | 78 | 74 | 76 | 71 | 103 | 197 | 125 | 86 | 90 |
Days Payable | 268 | 273 | 301 | 341 | 317 | 326 | 376 | 441 | 756 | 460 | 315 | 274 |
Cash Conversion Cycle | -177 | -195 | -214 | -245 | -228 | -235 | -291 | -326 | -532 | -312 | -212 | -171 |
Working Capital Days | -104 | -202 | -45 | -2 | -23 | -15 | -277 | -38 | -62 | -34 | -12 | -18 |
ROCE % | 5% | 3% | 4% | 2% | 6% | 7% | 6% | 4% | -10% | 1% | 19% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Apr
- Disclosure Under Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015 ('Listing Regulations') 18 Apr
- Announcement under Regulation 30 (LODR)-Change in Directorate 18 Apr
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') - Appointment Of Chief Financial Officer 18 Apr
- Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 18 Apr
Hotels Portfolio[1]
The Company has a portfolio of 7 hotels which includes 3 owned properties with the rest being leased and licensed properties as of FY22.
It operates all its brands under the IHCL brands of Taj, SeleQtions, Vivanta and Gateway.[2] Out of 7 hotels, 3 are owned, 2 are leased and 2 are licensed hotels.[3]
Taj Coromandel – 212 Rooms – 11 Suites
Taj Fisherman’s Cove Resort & Spa – 149 Rooms – 2 Suites
Taj Malabar Resort & Spa – 95 Rooms – 9 Suites
Vivanta Coimbatore – 178 Rooms – 9 suites
The Gateway Hotel – Pasumalai – 63 Rooms – 2 suites
Gateway Coonoor – 32 Rooms – 4 suits
The Gateway Hotel Old port road – 96 Rooms – 5 suites