Apeejay Surrendra Park Hotels Ltd

Apeejay Surrendra Park Hotels Ltd

₹ 173 0.58%
14 Jun - 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 3,683 Cr.
  • Current Price 173
  • High / Low 235 / 146
  • Stock P/E 53.6
  • Book Value 56.2
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 7.84 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 43.9% CAGR over last 5 years

Cons

  • Stock is trading at 3.07 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.64% over last 3 years.
  • Company's cost of borrowing seems high

* 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 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
140 144 135 159 156
90 99 91 103 102
Operating Profit 51 45 44 56 54
OPM % 36% 31% 33% 35% 34%
2 -1 7 5 0
Interest 19 12 17 18 15
Depreciation 9 16 12 14 13
Profit before tax 25 15 21 29 26
Tax % 24% 29% 31% 4% 30%
19 11 15 27 18
EPS in Rs 1.07 0.61 0.85 1.57 0.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024
383 421 179 255 506 579
308 336 167 209 347 386
Operating Profit 75 85 12 46 159 192
OPM % 20% 20% 7% 18% 31% 33%
4 8 -4 12 18 13
Interest 42 50 57 60 62 66
Depreciation 31 31 38 40 49 51
Profit before tax 7 12 -87 -42 65 89
Tax % 218% 20% 13% 33% 27% 22%
-8 10 -76 -28 48 69
EPS in Rs -4.56 5.58 -4.34 -1.61 2.75 3.22
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 48%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 44%
3 Years: 46%
TTM: 43%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 5%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 17 17 17 17 17 21
Reserves 564 570 519 491 538 1,177
477 487 616 654 617 100
150 161 129 113 189 178
Total Liabilities 1,209 1,235 1,280 1,275 1,362 1,476
1,070 1,078 1,157 1,142 1,192 1,218
CWIP 23 31 27 29 35 57
Investments 3 0 0 0 0 0
112 126 96 104 135 201
Total Assets 1,209 1,235 1,280 1,275 1,362 1,476

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024
60 99 27 58 176 168
-37 -61 -25 -22 -42 -101
-18 -42 -5 -37 -126 -40
Net Cash Flow 4 -4 -4 -1 8 28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 24 40 27 19 21
Inventory Days 103 74 73
Days Payable 198 229 233
Cash Conversion Cycle -69 -132 40 27 19 -139
Working Capital Days 1 9 -83 -41 -53 -20
ROCE % 6% 2% 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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