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 ₹ 2,343 Cr.
- Current Price ₹ 374
- High / Low ₹ 414 / 208
- Stock P/E 29.1
- Book Value ₹ 77.5
- Dividend Yield 0.00 %
- ROCE 22.5 %
- ROE 22.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 35.5% CAGR over last 5 years
Cons
- Stock is trading at 4.83 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 4.74% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
189 | 270 | 264 | 288 | 317 | 313 | 94 | 227 | 384 | 396 | |
105 | 207 | 206 | 217 | 248 | 238 | 96 | 175 | 265 | 282 | |
Operating Profit | 84 | 63 | 58 | 72 | 69 | 74 | -2 | 52 | 119 | 114 |
OPM % | 45% | 23% | 22% | 25% | 22% | 24% | -2% | 23% | 31% | 29% |
1 | 2 | 8 | 3 | 7 | 1 | 3 | 1 | 29 | 5 | |
Interest | 4 | 31 | 29 | 25 | 22 | 23 | 20 | 19 | 15 | 13 |
Depreciation | 11 | 18 | 18 | 17 | 17 | 17 | 17 | 16 | 15 | 14 |
Profit before tax | 70 | 15 | 19 | 32 | 38 | 36 | -36 | 19 | 118 | 91 |
Tax % | 34% | 46% | 44% | 34% | 36% | 34% | 27% | 47% | 32% | |
46 | 4 | 4 | 20 | 27 | 28 | -40 | 2 | 93 | 81 | |
EPS in Rs | 7.38 | 0.57 | 0.67 | 3.25 | 4.34 | 4.48 | -6.37 | 0.33 | 14.88 | 12.85 |
Dividend Payout % | 27% | 70% | 59% | 18% | 14% | 0% | 0% | 0% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 7% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 36% |
3 Years: | 49% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 11% |
3 Years: | 50% |
1 Year: | 70% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 5% |
Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | 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 |
Reserves | 139 | 338 | 339 | 357 | 379 | 394 | 355 | 356 | 449 | 473 |
86 | 270 | 255 | 227 | 197 | 209 | 225 | 214 | 141 | 127 | |
57 | 106 | 121 | 140 | 122 | 122 | 113 | 123 | 155 | 162 | |
Total Liabilities | 294 | 726 | 727 | 736 | 711 | 738 | 705 | 705 | 758 | 775 |
205 | 454 | 440 | 427 | 416 | 436 | 423 | 409 | 455 | 448 | |
CWIP | 49 | 70 | 77 | 81 | 92 | 91 | 87 | 86 | 43 | 60 |
Investments | 0 | 105 | 99 | 99 | 102 | 106 | 92 | 84 | 97 | 104 |
40 | 96 | 111 | 130 | 101 | 106 | 102 | 127 | 162 | 163 | |
Total Assets | 294 | 726 | 727 | 736 | 711 | 738 | 705 | 705 | 758 | 775 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
61 | 62 | 61 | 75 | 59 | 75 | 5 | 53 | 100 | |
-51 | -17 | -11 | -8 | -16 | -3 | -0 | 1 | -17 | |
3 | -45 | -47 | -55 | -56 | -66 | -2 | -31 | -79 | |
Net Cash Flow | 13 | 0 | 2 | 11 | -13 | 6 | 3 | 23 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 14 | 18 | 16 | 24 | 21 | 18 | 37 | 15 | 22 |
Inventory Days | 61 | 106 | 99 | 79 | 90 | 228 | 107 | 77 | |
Days Payable | 545 | 565 | 721 | 453 | 490 | 1,580 | 784 | 703 | |
Cash Conversion Cycle | -470 | 18 | -443 | -597 | -353 | -382 | -1,316 | -662 | -605 |
Working Capital Days | -55 | -41 | -66 | -79 | -60 | -48 | -95 | -42 | -4 |
ROCE % | 7% | 9% | 10% | 10% | -3% | 6% | 22% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Apr
- Compliances-Reg.24(A)-Annual Secretarial Compliance 22 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Apr
- Share Transfer Audit 31.03.2024 5 Apr
-
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
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
from nse
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.