Oriental Hotels Ltd

Oriental Hotels Ltd

₹ 134 -1.54%
24 Apr 3:13 p.m.
About

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]

Key Points

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

  • Market Cap 2,392 Cr.
  • Current Price 134
  • High / Low 143 / 79.0
  • Stock P/E 43.2
  • Book Value 21.7
  • Dividend Yield 0.36 %
  • 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 6.26 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
53 25 52 76 66 88 88 105 111 92 90 102 107
47 37 48 56 54 64 65 73 79 70 71 73 81
Operating Profit 6 -13 4 20 11 24 23 32 32 22 20 28 27
OPM % 11% -51% 9% 26% 17% 28% 26% 30% 29% 24% 22% 28% 25%
1 1 1 3 2 2 3 6 4 5 5 5 4
Interest 5 5 6 6 5 6 5 5 5 5 5 5 3
Depreciation 9 6 6 7 7 6 6 6 6 6 6 6 6
Profit before tax -7 -24 -7 10 2 16 15 26 26 16 14 22 21
Tax % 31% 29% 29% 29% 35% 30% 29% 29% 31% 26% 26% 25% 22%
-5 -17 -5 7 1 11 11 19 18 12 10 16 16
EPS in Rs -0.26 -0.94 -0.28 0.40 0.07 0.62 0.61 1.05 1.00 0.68 0.58 0.92 0.91
Raw PDF

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: 22%
5 Years: 25%
3 Years: 81%
1 Year: 65%
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.62% 67.59% 67.59% 67.56% 67.56% 67.56% 67.56% 67.56% 67.56% 67.56% 67.56% 67.56%
0.00% 0.00% 0.03% 0.05% 0.09% 0.65% 0.38% 0.46% 0.45% 0.40% 0.69% 0.58%
11.11% 10.36% 10.12% 7.37% 6.87% 0.55% 0.69% 0.71% 0.78% 0.78% 1.92% 2.68%
21.27% 22.06% 22.26% 25.03% 25.48% 31.24% 31.37% 31.27% 31.21% 31.25% 29.82% 29.17%
No. of Shareholders 32,32732,77740,88944,69645,50851,73453,13950,41851,16056,94965,91582,580

* 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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