TajGVK Hotels & Resorts Ltd

TajGVK Hotels & Resorts Ltd

₹ 390 0.24%
23 Feb - close price
About

TajGVK Hotels & Resorts Limited, incorporated in 1995, is a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL). The Company is engaged in the business of owning, operating & managing hotels, palaces, and resorts under the brand name of “TAJ[1][2]

Key Points

Hotel Portfolio[1]
The Company owns & operates 3 five-star hotels in Hyderabad and 1 five-star hotel each in the cities of Chennai, Chandigarh and 1 five-star luxury hotel in Mumbai through a joint venture company i.e Green Woods Palaces and Resorts Pvt Ltd.

  • Market Cap 2,446 Cr.
  • Current Price 390
  • High / Low 414 / 174
  • Stock P/E 38.8
  • Book Value 78.5
  • Dividend Yield 0.00 %
  • ROCE 21.8 %
  • ROE 18.4 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 30.6% CAGR over last 5 years

Cons

  • Stock is trading at 4.97 times its book value
  • The company has delivered a poor sales growth of 5.88% over past five years.
  • Company has a low return on equity of 5.17% 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 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
36 44 25 56 82 64 86 89 105 104 92 89 111
26 39 28 42 53 51 56 58 72 78 65 68 71
Operating Profit 10 5 -4 14 29 13 30 31 33 25 26 22 40
OPM % 28% 11% -15% 24% 35% 20% 35% 35% 31% 24% 29% 24% 36%
0 2 0 0 0 1 1 25 0 3 0 1 1
Interest 5 5 5 5 4 5 4 4 4 4 3 3 3
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 3
Profit before tax 1 -2 -12 5 20 5 23 48 26 21 19 16 35
Tax % 26% 32% 27% 29% 39% 49% 30% 34% 33% 30% 32% 30% 30%
1 -1 -9 4 12 3 16 32 17 14 13 11 24
EPS in Rs 0.15 -0.19 -1.43 0.59 1.99 0.43 2.55 5.12 2.76 2.30 2.11 1.78 3.86
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
254 253 244 248 270 264 288 317 313 94 227 384 396
176 192 192 199 207 206 217 248 238 96 175 265 282
Operating Profit 78 61 51 49 63 58 72 69 74 -2 52 119 114
OPM % 31% 24% 21% 20% 23% 22% 25% 22% 24% -2% 23% 31% 29%
2 -0 5 2 2 8 3 7 1 3 1 29 5
Interest 15 22 23 28 31 29 25 22 23 20 19 15 13
Depreciation 22 25 25 25 18 18 17 17 17 17 16 15 14
Profit before tax 43 14 9 -2 15 19 32 38 36 -36 19 118 91
Tax % 31% 35% 43% -8% 46% 44% 34% 36% 34% 27% 47% 32%
29 9 5 -2 8 10 21 24 24 -26 10 80 63
EPS in Rs 4.68 1.40 0.79 -0.31 1.31 1.66 3.35 3.88 3.80 -4.22 1.58 12.73 10.05
Dividend Payout % 32% 36% 25% -0% 31% 24% 18% 15% -0% -0% -0% 8%
Compounded Sales Growth
10 Years: 4%
5 Years: 6%
3 Years: 7%
TTM: 15%
Compounded Profit Growth
10 Years: 24%
5 Years: 31%
3 Years: 50%
TTM: -7%
Stock Price CAGR
10 Years: 21%
5 Years: 16%
3 Years: 46%
1 Year: 109%
Return on Equity
10 Years: 4%
5 Years: 6%
3 Years: 5%
Last Year: 18%

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 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 327 332 336 334 343 350 368 388 399 372 382 462 480
189 228 232 286 270 255 227 197 209 225 214 141 127
90 81 86 95 106 121 140 122 122 113 123 155 162
Total Liabilities 619 654 667 727 731 738 748 719 743 723 731 770 781
453 448 430 408 454 440 427 416 436 423 409 455 448
CWIP 32 42 57 75 70 77 81 92 91 87 86 43 60
Investments 36 45 51 110 110 110 110 110 110 110 110 110 110
98 119 129 134 96 111 130 101 106 102 127 162 163
Total Assets 619 654 667 727 731 738 748 719 743 723 731 770 781

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
74 34 61 54 62 61 75 59 75 5 53 100
-95 -39 -37 -78 -17 -11 -8 -16 -3 -0 1 -17
18 5 -24 24 -45 -47 -55 -56 -66 -2 -31 -79
Net Cash Flow -3 0 0 -1 0 2 11 -13 6 3 23 4

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 10 11 14 19 18 16 24 21 18 37 15 22
Inventory Days 98 119 120 93 106 99 79 90 228 107 77
Days Payable 395 260 336 383 565 721 453 490 1,580 784 703
Cash Conversion Cycle -286 -131 -202 -272 18 -443 -597 -353 -382 -1,316 -662 -605
Working Capital Days -62 -35 -47 -28 -43 -66 -79 -60 -48 -95 -42 -4
ROCE % 12% 7% 5% 4% 7% 7% 9% 10% 10% -3% 6% 22%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.98%
0.00% 0.00% 0.05% 0.45% 0.40% 0.25% 0.40% 0.52% 0.33% 0.93% 0.94% 0.80%
5.35% 2.01% 0.84% 1.83% 2.12% 3.24% 3.58% 4.42% 4.22% 4.27% 3.60% 3.46%
19.66% 23.01% 24.12% 22.73% 22.49% 21.53% 21.03% 20.08% 20.44% 19.80% 20.47% 20.75%
No. of Shareholders 42,84857,64658,53564,03861,40562,65761,49059,90360,80661,20166,23567,314

* 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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