TajGVK Hotels & Resorts Ltd
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]
- Market Cap ₹ 2,261 Cr.
- Current Price ₹ 361
- High / Low ₹ 414 / 208
- Stock P/E 35.9
- 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 4.60 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 18% |
5 Years: | 11% |
3 Years: | 51% |
1 Year: | 65% |
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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Apr
- Share Transfer Audit 31.03.2024 5 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Compliance Certificate under Regulation 74(5) of SEBI(DP) Regulations for the quarter ended 31.03.2024
- Compliance Certificate (RTA & Compliance Officer) 2 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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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.