TGB Banquets & Hotels Ltd

TGB Banquets & Hotels Ltd

₹ 15.2 -0.33%
18 Apr - close price
About

Incorporated in 1999, TGB Banquets and Hotels Ltd is into provision of Restaurants; banquets and hotel services[1]

Key Points

Business Overview:[1][2]
TGB operates a hotel in Ahmedabad and provides outside catering service and operates restaurants & food courts. At present, TGB’s economy hotel brand, TGB Express, is operational at Ahmedabad and Nadiad. Company's business model is divided into 3 parts, viz.
a) Outdoor catering
b) Managing hospitality properties
c) Self-owned banquet hotels

  • Market Cap 44.1 Cr.
  • Current Price 15.2
  • High / Low 20.5 / 8.35
  • Stock P/E 29.0
  • Book Value 26.6
  • Dividend Yield 0.00 %
  • ROCE 3.48 %
  • ROE 1.77 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.57 times its book value
  • Debtor days have improved from 161 to 81.3 days.

Cons

  • The company has delivered a poor sales growth of -20.2% over past five years.
  • Promoter holding is low: 31.7%
  • Company has a low return on equity of -5.54% over last 3 years.
  • Promoters have pledged 31.5% of their holding.
  • Earnings include an other income of Rs.4.32 Cr.

* 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
5.64 5.10 3.88 6.23 8.40 7.68 12.10 7.45 9.13 9.16 7.67 8.73 10.78
6.29 6.83 4.01 11.66 7.79 12.59 10.51 5.78 7.01 10.69 6.00 7.25 8.55
Operating Profit -0.65 -1.73 -0.13 -5.43 0.61 -4.91 1.59 1.67 2.12 -1.53 1.67 1.48 2.23
OPM % -11.52% -33.92% -3.35% -87.16% 7.26% -63.93% 13.14% 22.42% 23.22% -16.70% 21.77% 16.95% 20.69%
0.44 0.87 0.26 -9.29 0.52 0.29 0.34 0.27 0.15 3.57 0.24 0.39 0.12
Interest 0.26 0.24 0.23 0.41 0.32 0.70 0.44 0.44 0.46 0.23 0.44 0.35 0.39
Depreciation 0.76 -0.29 0.35 0.62 1.19 1.47 1.34 1.34 1.27 1.23 1.30 1.34 1.30
Profit before tax -1.23 -0.81 -0.45 -15.75 -0.38 -6.79 0.15 0.16 0.54 0.58 0.17 0.18 0.66
Tax % 0.00% 14.81% 0.00% 0.00% 0.00% 44.33% 0.00% 0.00% 0.00% 13.79% 0.00% 0.00% 0.00%
-1.23 -0.69 -0.45 -15.76 -0.38 -3.78 0.15 0.16 0.54 0.51 0.17 0.18 0.66
EPS in Rs -0.42 -0.24 -0.15 -5.38 -0.13 -1.29 0.05 0.05 0.18 0.17 0.06 0.06 0.23
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
152.55 164.01 156.39 139.69 136.47 136.86 118.74 80.80 33.58 14.79 26.78 38.38 36.34
120.22 125.20 118.72 111.06 114.93 112.35 141.31 123.01 49.13 17.53 35.86 33.70 32.49
Operating Profit 32.33 38.81 37.67 28.63 21.54 24.51 -22.57 -42.21 -15.55 -2.74 -9.08 4.68 3.85
OPM % 21.19% 23.66% 24.09% 20.50% 15.78% 17.91% -19.01% -52.24% -46.31% -18.53% -33.91% 12.19% 10.59%
1.39 2.75 1.95 1.97 2.25 2.80 18.18 0.39 20.31 -2.28 -8.82 3.81 4.32
Interest 15.56 21.04 21.29 21.42 18.72 15.75 3.42 1.54 1.28 1.34 1.86 1.87 1.41
Depreciation 12.78 12.93 12.84 21.11 20.51 19.46 4.94 2.75 3.06 2.00 3.63 5.18 5.17
Profit before tax 5.38 7.59 5.49 -11.93 -15.44 -7.90 -12.75 -46.11 0.42 -8.36 -23.39 1.44 1.59
Tax % 94.05% 61.00% 66.30% 6.12% 1.30% 16.20% 104.24% -17.65% -104.76% 1.44% 12.87% 5.56%
0.32 2.96 1.85 -11.21 -15.24 -6.62 0.54 -54.25 0.86 -8.25 -20.37 1.36 1.52
EPS in Rs 0.11 1.01 0.63 -3.83 -5.20 -2.26 0.18 -18.52 0.29 -2.82 -6.96 0.46 0.52
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -14%
5 Years: -20%
3 Years: 5%
TTM: 0%
Compounded Profit Growth
10 Years: -7%
5 Years: 16%
3 Years: 22%
TTM: 152%
Stock Price CAGR
10 Years: -11%
5 Years: 7%
3 Years: 52%
1 Year: 68%
Return on Equity
10 Years: -9%
5 Years: -14%
3 Years: -6%
Last Year: 2%

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 29.29 29.29 29.29 29.29 29.29 29.29 29.29 29.29 29.29 29.29 29.29 29.29 29.29
Reserves 113.95 116.91 118.76 105.40 90.16 127.46 128.30 74.39 75.58 67.07 46.92 48.30 48.65
129.44 131.03 132.79 126.78 111.18 102.54 12.18 11.32 12.98 11.57 20.55 15.88 14.83
61.86 79.20 87.07 86.02 98.39 105.71 74.29 66.16 46.91 55.68 37.33 32.09 35.58
Total Liabilities 334.54 356.43 367.91 347.49 329.02 365.00 244.06 181.16 164.76 163.61 134.09 125.56 128.35
237.82 239.30 236.10 216.61 197.07 221.93 78.01 73.81 70.84 68.85 20.48 14.96 12.36
CWIP 0.21 0.00 0.00 0.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00 0.00 0.00 0.00
91.51 112.13 126.81 125.50 126.95 138.07 161.05 102.35 88.92 94.76 113.61 110.60 115.99
Total Assets 334.54 356.43 367.91 347.49 329.02 365.00 244.06 181.16 164.76 163.61 134.09 125.56 128.35

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
24.93 36.89 38.96 12.66 31.62 31.48 -55.46 -2.16 -3.29 -0.29 -42.44 4.90
-17.39 -12.30 -8.72 -3.38 -0.07 0.02 149.84 0.26 0.33 1.65 50.21 0.04
-1.76 -19.37 -19.43 -27.31 -34.30 -28.58 -94.85 0.05 0.58 -2.13 -7.47 -5.35
Net Cash Flow 5.78 5.22 10.81 -18.04 -2.75 2.91 -0.47 -1.86 -2.38 -0.78 0.31 -0.41

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 21.37 30.69 52.65 67.36 68.04 103.82 141.99 37.31 115.65 250.49 150.06 81.31
Inventory Days 200.43 234.59 259.43 327.32 308.00 274.65 218.82 205.59 150.27 278.95 146.69 93.07
Days Payable 97.53 156.65 200.19 209.29 197.18 217.91 230.62 198.19 535.04 1,039.78 409.76 205.36
Cash Conversion Cycle 124.27 108.63 111.89 185.40 178.86 160.56 130.19 44.72 -269.12 -510.34 -113.01 -30.98
Working Capital Days 2.87 -2.25 27.03 57.41 37.42 8.11 228.58 129.51 413.15 870.18 849.94 630.24
ROCE % 7.99% 10.41% 9.60% 3.57% 1.33% 3.20% -10.74% -31.30% 1.35% -2.90% -12.06% 3.48%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
31.71% 31.71% 31.71% 31.71% 31.71% 31.71% 31.71% 31.71% 31.71% 31.71% 31.71% 31.71%
68.29% 68.29% 68.29% 68.29% 68.29% 68.30% 68.29% 68.29% 68.29% 68.29% 68.29% 68.30%
No. of Shareholders 8,4858,8789,4459,8629,5849,7229,7629,8299,81610,34611,70811,579

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