TajGVK Hotels & Resorts Ltd

TajGVK Hotels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TajGVK Hotels & Resorts Ltd

₹ 380 5.76%
11 Dec 3:56 p.m.
tajgvk.in BSE: 532390 NSE: TAJGVK
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 Operator
The company is a JV between Hyderabad-based GVK Group and The Indian Hotels Company Ltd(IHCL). IHCL is a TATA enterprise that operates the largest chain of hotels in South Asia. It also manages the operations of all the 6 properties under the company. IHCL is a promoter with a 25.52% stake in the company as of Jun 24. [1][2][3]

Website BSE NSE
  • Market Cap ₹ 2,384 Cr.
  • Current Price ₹ 380
  • High / Low ₹ 423 / 220
  • Stock P/E 23.1
  • Book Value ₹ 92.4
  • Dividend Yield 0.39 %
  • ROCE 18.9 %
  • ROE 18.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 28.1% CAGR over last 5 years

Cons

* 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

Part of BSE Consumer Discretionary BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
56 82 64 86 89 105 104 92 89 111 116 93 105
42 53 51 56 58 72 78 65 68 71 75 66 76
Operating Profit 14 29 13 30 31 33 25 26 22 40 41 27 29
OPM % 24% 35% 20% 35% 35% 31% 24% 29% 24% 36% 35% 29% 28%
0 0 1 1 25 0 3 0 1 1 1 2 2
Interest 5 4 5 4 4 4 4 3 3 3 3 2 3
Depreciation 4 4 4 4 4 4 4 4 4 3 3 3 3
Profit before tax 5 20 5 23 48 26 21 19 16 35 35 23 26
Tax % 29% 39% 49% 30% 34% 33% 30% 32% 30% 30% 26% 44% 24%
1 12 2 19 34 22 19 16 14 31 31 17 24
EPS in Rs 0.19 1.90 0.32 3.05 5.36 3.45 3.04 2.63 2.27 4.91 4.98 2.71 3.86
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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 Mar 2024 TTM
189 270 264 288 317 313 94 227 384 408 425
105 207 206 217 248 238 96 175 265 278 288
Operating Profit 84 63 58 72 69 74 -2 52 119 130 137
OPM % 45% 23% 22% 25% 22% 24% -2% 23% 31% 32% 32%
1 2 8 3 7 1 3 1 29 2 6
Interest 4 31 29 25 22 23 20 19 15 13 11
Depreciation 11 18 18 17 17 17 17 16 15 14 13
Profit before tax 70 15 19 32 38 36 -36 19 118 105 118
Tax % 34% 46% 44% 34% 36% 34% -27% 47% 32% 29%
46 4 4 20 27 28 -40 2 93 93 103
EPS in Rs 7.38 0.57 0.67 3.25 4.34 4.48 -6.37 0.33 14.88 14.79 16.46
Dividend Payout % 27% 70% 59% 18% 14% 0% 0% 0% 7% 10%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 63%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 63%
TTM: 45%
Stock Price CAGR
10 Years: 15%
5 Years: 19%
3 Years: 40%
1 Year: 65%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 15%
Last Year: 19%

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 Mar 2024 Sep 2024
Equity Capital 13 13 13 13 13 13 13 13 13 13 13
Reserves 139 338 339 357 379 394 355 356 449 535 567
86 270 255 227 197 209 225 214 141 108 91
57 106 121 140 122 122 113 123 155 162 175
Total Liabilities 294 726 727 736 711 738 705 705 758 818 845
205 454 440 427 416 436 423 409 455 442 436
CWIP 49 70 77 81 92 91 87 86 43 79 95
Investments 0 105 99 99 102 106 92 84 97 116 125
40 96 111 130 101 106 102 127 162 181 190
Total Assets 294 726 727 736 711 738 705 705 758 818 845

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 Mar 2024
61 62 61 75 59 75 5 53 100 124
-51 -17 -11 -8 -16 -3 -0 1 -17 -37
3 -45 -47 -55 -56 -66 -2 -31 -79 -52
Net Cash Flow 13 0 2 11 -13 6 3 23 4 35

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 Mar 2024
Debtor Days 14 18 16 24 21 18 37 15 22 17
Inventory Days 61 106 99 79 90 228 107 77 72
Days Payable 545 565 721 453 490 1,580 784 703 739
Cash Conversion Cycle -470 18 -443 -597 -353 -382 -1,316 -662 -605 -650
Working Capital Days -55 -41 -66 -79 -60 -48 -95 -42 -4 -18
ROCE % 7% 9% 10% 10% -3% 6% 22% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.98% 74.98% 74.98% 74.98%
0.45% 0.40% 0.25% 0.40% 0.52% 0.33% 0.93% 0.94% 0.80% 0.70% 0.82% 0.76%
1.83% 2.12% 3.24% 3.58% 4.42% 4.22% 4.27% 3.60% 3.46% 2.96% 2.69% 1.44%
22.73% 22.49% 21.53% 21.03% 20.08% 20.44% 19.80% 20.47% 20.75% 21.34% 21.49% 22.80%
No. of Shareholders 64,03861,40562,65761,49059,90360,80661,20166,23567,31477,57984,41186,677

* 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.

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