Oriental Hotels Ltd

Oriental Hotels Ltd

₹ 138 5.92%
23 Feb - close price
About

Oriental Hotels Ltd is primarily engaged in the business of owning, operating & managing hotels, palaces and resorts.[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 2,459 Cr.
  • Current Price 138
  • High / Low 141 / 75.0
  • Stock P/E 48.2
  • Book Value 30.8
  • Dividend Yield 0.36 %
  • ROCE 13.5 %
  • ROE 10.9 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 54.4% CAGR over last 5 years
  • Debtor days have improved from 23.0 to 17.1 days.

Cons

  • Stock is trading at 4.47 times its book value
  • The company has delivered a poor sales growth of 1.96% over past five years.
  • Company has a low return on equity of -2.68% 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
43 53 25 52 76 66 89 89 106 111 93 91 102
42 47 37 48 57 54 64 65 73 79 70 71 74
Operating Profit 1 6 -13 5 20 12 25 23 32 32 22 20 29
OPM % 3% 11% -51% 9% 26% 18% 28% 26% 31% 29% 24% 22% 28%
1 1 1 1 3 2 2 3 1 4 1 2 5
Interest 6 5 5 6 6 5 6 5 5 5 5 5 5
Depreciation 7 9 6 6 7 7 6 6 6 6 6 6 6
Profit before tax -11 -7 -24 -7 10 2 16 16 23 26 13 11 22
Tax % 29% 31% 29% 29% 29% 33% 29% 29% 34% 30% 32% 31% 24%
-11 -6 -22 -8 9 0 10 8 16 21 7 4 19
EPS in Rs -0.60 -0.33 -1.23 -0.42 0.52 0.00 0.56 0.45 0.87 1.16 0.41 0.24 1.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
317 345 355 367 311 335 358 347 291 116 219 395 397
248 281 301 306 278 286 302 295 253 148 196 282 294
Operating Profit 69 64 55 60 33 49 56 51 38 -32 23 112 103
OPM % 22% 19% 15% 16% 11% 15% 16% 15% 13% -28% 11% 29% 26%
7 16 -15 3 -6 5 4 104 7 7 7 11 12
Interest 21 29 31 32 32 32 31 27 24 22 22 20 19
Depreciation 25 32 35 33 24 25 28 28 28 29 26 23 24
Profit before tax 29 18 -26 -2 -28 -3 2 100 -6 -76 -18 80 73
Tax % 30% -5% 6% 125% 29% -15% 136% 13% -3% 29% 29% 31%
23 17 -24 1 -12 5 6 92 -8 -71 -20 54 51
EPS in Rs 1.26 0.87 -1.27 0.09 -0.69 0.28 0.34 5.13 -0.46 -3.99 -1.13 3.04 2.85
Dividend Payout % 36% 63% -43% 436% -29% 0% 0% 10% -43% 0% 0% 16%
Compounded Sales Growth
10 Years: 1%
5 Years: 2%
3 Years: 11%
TTM: 14%
Compounded Profit Growth
10 Years: 22%
5 Years: 54%
3 Years: 107%
TTM: 52%
Stock Price CAGR
10 Years: 24%
5 Years: 28%
3 Years: 81%
1 Year: 76%
Return on Equity
10 Years: -1%
5 Years: -1%
3 Years: -3%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 375 389 365 329 402 394 424 516 513 433 422 521 532
322 313 347 348 317 322 313 243 228 253 280 215 210
110 108 105 141 82 75 72 75 69 67 66 74 67
Total Liabilities 825 828 835 836 819 809 827 852 828 771 786 828 826
498 514 533 537 407 391 376 395 396 372 355 380 381
CWIP 11 19 17 5 4 4 17 2 2 5 0 4 9
Investments 89 91 96 100 238 235 259 289 272 248 252 296 304
226 203 190 194 170 179 175 167 158 146 179 148 131
Total Assets 825 828 835 836 819 809 827 852 828 771 786 828 826

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
72 76 57 64 28 42 52 38 45 -21 29 104
-64 -22 -44 -26 -7 -4 -19 82 39 -1 -32 -10
6 -64 -15 -43 -18 -32 -40 -98 -65 -0 4 -105
Net Cash Flow 13 -10 -2 -5 3 7 -7 22 18 -23 1 -10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 28 23 23 21 18 15 16 14 15 28 24 17
Inventory Days 112 86 76 92 78 74 76 71 103 197 125 86
Days Payable 277 262 274 293 341 317 326 376 441 756 460 315
Cash Conversion Cycle -137 -153 -175 -180 -245 -227 -234 -291 -324 -532 -311 -212
Working Capital Days -49 -92 -168 -42 -32 -21 -13 -276 -35 -62 -32 -12
ROCE % 7% 5% 3% 4% 1% 4% 4% 4% 2% -7% 1% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
67.32% 67.62% 67.59% 67.59% 67.56% 67.56% 67.56% 67.56% 67.56% 67.56% 67.56% 67.56%
0.00% 0.00% 0.00% 0.03% 0.05% 0.09% 0.65% 0.38% 0.46% 0.45% 0.40% 0.69%
12.32% 11.11% 10.36% 10.12% 7.37% 6.87% 0.55% 0.69% 0.71% 0.78% 0.78% 1.92%
20.37% 21.27% 22.06% 22.26% 25.03% 25.48% 31.24% 31.37% 31.27% 31.21% 31.25% 29.82%
No. of Shareholders 20,33032,32732,77740,88944,69645,50851,73453,13950,41851,16056,94965,915

* 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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