Apeejay Surrendra Park Hotels Ltd

Apeejay Surrendra Park Hotels Ltd

₹ 180 -3.15%
24 May - close price
About

Incorporated in 1987, Apeejay Surrendra Park Hotels Limited is engaged in the hospitality business operating under the brand names of "THE PARK", "THE PARK Collection", "Zone by The Park", "Zone Connect by The Park" and "Stop by Zone"[1]

Key Points

Leading Hospitality Company[1] Among hotel chains with asset ownership, they rank as the eighth largest in India in terms of chain-affiliated hotel room inventory as of September 30, 2023. Of the 45,800 rooms owned by chained affiliated hotels across the country, the Company comprises about 1,300 rooms constituting 2.80% of the total inventory.

  • Market Cap 3,842 Cr.
  • Current Price 180
  • High / Low 235 / 168
  • Stock P/E 80.2
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 10.9 %
  • ROE 9.03 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 27.5 to 18.7 days.

Cons

  • Company has a low return on equity of -2.51% 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

Dec 2022 Sep 2023 Dec 2023
135 130 152
86 87 99
Operating Profit 49 43 54
OPM % 36% 33% 35%
2 6 4
Interest 19 17 18
Depreciation 9 12 14
Profit before tax 23 21 27
Tax % 26% 32% 3%
17 14 26
EPS in Rs 0.99 0.81 1.48
Raw PDF
Upcoming result date: 28 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
416 415 175 243 488
334 333 159 199 332
Operating Profit 82 82 15 44 155
OPM % 20% 20% 9% 18% 32%
10 11 -9 10 18
Interest 50 51 56 59 62
Depreciation 30 33 36 38 47
Profit before tax 13 8 -85 -43 64
Tax % 19% -195% 12% 31% 26%
11 23 -75 -30 48
EPS in Rs 6.08 1.34 -4.29 -1.71 2.73
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: 265%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: -3%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 17 17 17 17 17
Reserves 571 593 519 490 536
441 552 608 646 610
134 160 121 106 181
Total Liabilities 1,163 1,323 1,265 1,259 1,345
1,065 1,163 1,146 1,131 1,182
CWIP 31 28 27 29 32
Investments 0 0 0 0 0
67 131 92 100 132
Total Assets 1,163 1,323 1,265 1,259 1,345

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
102 100 26 53 172
-60 -97 -24 -19 -41
-47 3 -5 -34 -124
Net Cash Flow -4 6 -3 -0 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 23 18 37 26 19
Inventory Days 73 103 71
Days Payable 217 398 273
Cash Conversion Cycle -121 18 37 -269 -183
Working Capital Days -77 -72 -196 -37 -52
ROCE % 6% -1% 1% 11%

Shareholding Pattern

Numbers in percentages

Mar 2024
68.14%
5.08%
16.42%
10.35%
No. of Shareholders 45,763

* 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.

Click on the line-items to see the names of individual entities.

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