Royal Orchid Hotels Ltd

Royal Orchid Hotels Ltd

₹ 400 0.86%
24 Apr 10:47 a.m.
About

Royal Orchid & Regenta Hotels is one of India's fastest-growing hospitality brands, managing a portfolio of 3920+ Guest rooms across 58 hotels & resorts across 38 cities across the country. . It was founded in 2001 by industry veteran Mr. Chander K Baljee, and is a renowned and trusted brand with a growth plan to reach 100 hotels by 2023. [1]

Key Points

Leading Hospitality Company[1]
With 75+ properties across India, having a Diversified Portfolio like wildlife (3), religious (7+), Hill stations(10+), Leisure (20+), and Business (27+). Royal Orchid, as a group stands top 5 brands in India (FYHVS 2021), in terms of opening properties in INDIA.

  • Market Cap 1,096 Cr.
  • Current Price 400
  • High / Low 449 / 280
  • Stock P/E 42.0
  • Book Value 80.1
  • Dividend Yield 0.49 %
  • ROCE 16.0 %
  • ROE 14.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.4% CAGR over last 5 years

Cons

  • Stock is trading at 4.95 times its book value
  • The company has delivered a poor sales growth of 10.7% over past five years.
  • Company has a low return on equity of 2.27% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.82%

* 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

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
18.00 17.91 9.36 18.64 28.57 23.17 38.08 37.56 46.79 47.52 44.61 44.51 53.97
15.32 16.11 10.88 15.45 20.31 18.06 24.90 26.82 31.03 32.01 31.91 31.48 34.96
Operating Profit 2.68 1.80 -1.52 3.19 8.26 5.11 13.18 10.74 15.76 15.51 12.70 13.03 19.01
OPM % 14.89% 10.05% -16.24% 17.11% 28.91% 22.05% 34.61% 28.59% 33.68% 32.64% 28.47% 29.27% 35.22%
1.01 -23.01 -1.60 2.67 -0.98 3.40 1.36 2.56 1.60 1.15 0.97 0.99 0.78
Interest 2.23 2.08 2.58 1.88 2.08 2.32 2.70 2.68 2.76 3.92 3.79 3.57 3.55
Depreciation 2.16 2.11 2.12 2.12 2.10 2.22 2.62 2.59 3.06 3.06 3.71 3.82 3.84
Profit before tax -0.70 -25.40 -7.82 1.86 3.10 3.97 9.22 8.03 11.54 9.68 6.17 6.63 12.40
Tax % 62.86% 1.10% -2.05% -43.55% 41.94% 29.97% 25.38% 26.28% 29.03% 25.72% 24.31% 25.49% 25.16%
-0.26 -25.12 -7.98 2.66 1.81 2.78 6.88 5.92 8.20 7.18 4.67 4.94 9.28
EPS in Rs -0.09 -9.16 -2.91 0.97 0.66 1.01 2.51 2.16 2.99 2.62 1.70 1.80 3.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
93 103 84 85 88 93 102 113 115 48 80 170 191
84 99 74 75 77 81 84 92 93 51 64 114 130
Operating Profit 10 4 9 10 11 11 18 20 22 -4 16 56 60
OPM % 10% 4% 11% 12% 13% 12% 18% 18% 19% -8% 20% 33% 32%
2 8 -29 11 7 9 7 7 7 -18 3 6 4
Interest 4 5 7 7 6 6 6 5 8 9 10 12 15
Depreciation 5 5 4 4 4 4 4 4 8 9 9 11 14
Profit before tax 2 2 -31 9 7 10 15 18 13 -39 1 38 35
Tax % 34% 15% 14% 0% 0% 41% 29% 31% 29% 11% 166% 27%
1 1 -27 9 7 6 11 13 9 -35 -1 28 26
EPS in Rs 0.44 0.53 -9.89 3.30 2.75 2.12 4.02 4.60 3.32 -12.60 -0.27 10.28 9.50
Dividend Payout % 0% 0% 0% 0% 0% 47% 37% 43% 0% 0% 0% 19%
Compounded Sales Growth
10 Years: 5%
5 Years: 11%
3 Years: 14%
TTM: 31%
Compounded Profit Growth
10 Years: 30%
5 Years: 23%
3 Years: 47%
TTM: 10%
Stock Price CAGR
10 Years: 29%
5 Years: 26%
3 Years: 87%
1 Year: 19%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 2%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 27 27 27 27 27 27 27 27 27 27 27 27 27
Reserves 178 179 152 160 167 175 188 196 195 161 160 188 192
172 166 55 40 42 43 38 38 82 89 116 125 154
58 53 29 32 31 37 40 37 39 42 45 47 46
Total Liabilities 435 426 264 259 268 283 293 299 344 320 348 387 420
47 244 37 33 34 38 34 33 70 62 74 88 118
CWIP 184 0 0 2 2 0 0 0 0 1 0 1 0
Investments 118 105 105 155 163 171 166 166 164 105 157 158 158
87 77 121 70 70 73 93 101 109 152 116 141 144
Total Assets 435 426 264 259 268 283 293 299 344 320 348 387 420

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 20 4 12 18 16 18 20 13 1 14 22
-35 -4 151 -16 -16 -5 0 -8 -12 -7 -15 6
39 -24 -131 -22 -4 -8 -10 -8 -12 3 5 -22
Net Cash Flow 8 -8 24 -26 -2 2 8 5 -11 -3 4 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 26 31 36 50 38 38 36 29 39 53 54 47
Inventory Days 53 46 41 35 35 37 44 42 34 44 45 30
Days Payable 487 643 368 563 502 530 718 680 591 1,096 1,059 599
Cash Conversion Cycle -409 -565 -291 -477 -429 -456 -638 -608 -518 -1,000 -961 -522
Working Capital Days -189 -23 -95 -67 -79 -44 -58 -55 -58 239 -40 -2
ROCE % 2% 1% 5% 6% 5% 7% 8% 9% 7% -2% 6% 16%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.83% 67.73% 67.73% 67.68% 67.68% 65.38% 63.59% 63.60% 63.60% 63.60% 63.60% 63.60%
5.01% 4.99% 4.97% 4.87% 3.79% 4.24% 4.72% 4.84% 4.65% 4.18% 4.79% 6.06%
0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.00% 0.00% 0.00% 0.00% 0.21% 0.66%
26.16% 27.27% 27.29% 27.45% 28.53% 30.30% 31.69% 31.55% 31.74% 32.21% 31.41% 29.67%
No. of Shareholders 21,73222,12721,53219,80319,12620,43120,13420,11420,89321,35121,52326,649

* 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.

Documents

Concalls