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EIH Ltd share Price Today

Company details

453.10
474.95
168.50
502.20
6M Return 102.95%
1Y Return 169.43%
Mkt Cap.(Cr) 29,217.01
Volume 372,872
Div Yield 0.24%
OI
-
OI Chg %
-
Volume 372,872

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About The Stock

    EIH Ltd is the flagship company of the Oberoi group that manages 33 hotels (~11 owned and 22 under management contract) with room inventory of ~4247 rooms.

    • The company operates the hotels under the brands Oberoi - super luxury brand, Trident-five star brand and Maidens (heritage)
    • EIH also provides catering/kitchen services to airlines and operates restaurants/lounges at airports and is also into air charter and car hire services
Q3FY23 Results:

    EIH’s operational performance for Q3FY23 remained far better than our estimates with revenue & EBITDA reporting growth of 21% & 52%, respectively, from pre-Covid levels.

    •               Revenues were up 62.9% YoY, 44% QoQ to ₹ 512.2 crore (higher than I-direct estimate of ₹ 412.4 crore)
    •               EBITDA margin came in at 35.2%, better than our estimate of 26.5%. It was also far higher than EBITDA margin of 28.2% during Q3FY20
    •               The company reported exceptional expenses of ₹ 21 crore, mainly on account of impairment in the value of subsidiary investments. Despite this, net profit was up 39% from pre-Covid levels to ₹ 103.9 crore vs. expected net profit of ₹ 63.6 crore

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Hotels company EIH announced Q3FY24 results:

Consolidated Q3FY24:
- Revenue: On a consolidated basis, the revenue for Q3FY24 was Rs 769.9 crore; this represents a 27.6% YoY growth.
- EBITDA: The consolidated EBITDA was reported at Rs 353.0 crore, up 56.3% YoY.
- Profit After Tax: Consolidated Profit After Tax for the quarter was Rs 229.9 crore, showing a 54.6% increase compared to the same period last year.

Standalone Q3FY24:
- Revenue: EIH Ltd. reported a revenue of Rs 680.1 crore for Q3FY24, which is a YoY growth of 29.7%.
- EBITDA: The company's EBITDA stood at Rs 308.4 crore, marking a significant YoY increase of 60.0%.
- Profit After Tax: The Profit After Tax reached Rs 186.9 crore, witnessing an impressive YoY growth of 79.8%.

Arjun Oberoi, Executive Chairman, EIH, said: "I am pleased to report that in the third quarter of fiscal year 2023-2024, our company achieved exceptional financial results, with a notable rise in revenue and profitability over previous years. This success is a testament to our team's dedication and strong commitment to providing our guests with an exceptional hospitality experience. I extend my heartfelt thanks to our guests and partners for their continued support."

Vikram Oberoi, CEO & MD, EIH, said: "Our company's excellent financial performance in Q3 of fiscal year 2023-2024 reflects the commitment we have for our guests and the meaningful and personalized service we provide. We are grateful to our guests for their trust and to our teams for their dedication. Our strong financial position will enable us to achieve continued growth."

 

 

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EIH Ltd shares SWOT Analysis

Strengths (16)

  • Stock passes majority of CANSLIM Investment criteria
  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth

Weakness (3)

  • MACD Crossover Below Signal Line
  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 477.1
R2 486.9
R3 498.9
Pivot

465.08

S1 455.2
S2 443.2
S3 433.4
EMA SMA
455.7
415.5
364.8
308.0
451.9
420.8
342.1
283.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-11 187.3 583953 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-11 187.3 68071 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-11 187.3 583953 BSE
Name Category Shares
Arjun Singh Oberoi PROMOTER 1.15%
Vikramjit Singh Oberoi PROMOTER 0.9%
Oberoi Hotels Private Limited PROMOTER 17.67%
Oberoi Holdings Private Limited PROMOTER 4.89%
Oberoi Investments Private Limited PROMOTER 4.14%
Oberoi Buildings & Investments Private Ltd PROMOTER 2.68%
Oberoi Properties Private Limited PROMOTER 0.54%

OUR RESEARCH VIEW

Investment recommendation
Call Date
16 Feb 2023
Entry Price 168.00
Target Price -
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

EIH Ltd Stocks COMPARISON

Financials( in Cr) EIH Ltd Indian Hotels Co Ltd Chalet Hotels Ltd Lemon Tree Hotels Ltd Juniper Hotels Ltd
Price 467.20 583.65 850.25 137.30 467.00
% Change 1.11 -2.33 -1 -0.58 -1.49
Mcap Cr 29,217.01 83,078.61 18,543.95 10,877.54 10,390.84
Revenue TTM Cr 2,018.81 5,809.91 1,128.47 874.99 666.85
Net Profit TTM Cr 329.10 971.43 183.29 140.54 -1.50
PE TTM 52.44 72.70 77.39 87.44 0.00
1 Year Return 169.43 75.59 133.65 71.52 16.31
ROCE 15.77 13.63 9.13 11.51 7.36
ROE 11.89 12.81 10.90 14.39 -8.36
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,374.57 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,701.14 -977.22
LAST 3M 84,025.63 45,820.51
LAST 6M 131,642.99 78,083.44
LAST 12M 206,655.58 204,047.57
EIH Limited - Loss of Share Certificates

Apr 15, 2024 l NSE Announcement

EIH Limited - Loss of Share Certificates

Apr 12, 2024 l NSE Announcement

EIH Limited - Other General Purpose

Apr 09, 2024 l NSE Announcement

Date Action Type Ratio
Aug 02, 2023 Dividend 55

EIH Ltd Information

Stock PE (TTM)
52.44
Promoter Holding
32.85%
Book Value
56.0482
ROCE
15.77%
ROE
11.89%
Description
  • EIH Ltd is working in the Hotels & Restaurants sector is having a market capitalization worth Rs. 6,622.60 crores, it was incorporated in the year 1949. It has reported consolidated sales of Rs. 95.93 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500840, and also listed on the National Stock Exchange (NSE) with the code EIHOTEL.

    EIH Ltd is in the business of luxury hotels, restaurants, management contracts, and tour & travel services. EIH Ltd comes under the management of the Oberoi group and is one of the largest operating hotel chains in India. EIH Ltd mainly operates under two brand names, Oberoi and Trident. The luxury hotels operate under the Oberoi brand name, and the five-star hotels operate under the Trident brand name. EIH Ltd is involved in the management of over eight luxury hotels located around the country. In addition, EIH Ltd also provides services like aircraft catering, airport management, car rental services, and other related services. The promoters of the company own 35.74% of the stake in the company, Foreign Institutional Investors (FII) own 3.29%, Domestic Institutional Investors (DII) own 13.84% stake in the company, and others (such as public & retail investors) hold the balance of 47.14%.

    In June 2021, quarterly net revenue was Rs. 79.33 crores, which has increased sharply by approximately 178.64 % from Rs. 28.47 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 93.09 crores, which has improved and increased by nearly 21.26% from a net loss of Rs. 118.22 crores in June 2020. In June 2021, the reported operating profit was at Rs. 9.84 crores, which is also increased by 142.49% as compared to an operating loss of Rs. 23.16 crores for the quarter ending in June 2020. From a negative EPS of Rs. 2.07 in June 2020, the EPS of EIH Ltd has improved and reached a negative EPS of Rs. 1.49 per share in June 2021. EIHOTEL's stock closed at Rs. 104.80 on 24th August’2021 (NSE) and has given a return of 8.10% in the last six months and returned nearly 16.90% in the previous year.

Registered Address

4 Mangoe Lane, , Kolkata, West Bengal, 700001

Tel : 91-33-22486751
Email : invcom:oberoigroup.com
Website : http://www.eihltd.com
Registrar

EIH Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500840
NSE Code : EIHOTEL
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE230A01023

FAQ’s on EIH Ltd Shares

You can buy EIH Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy EIH Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 16, 2024 04:12 PM the closing price of EIH Ltd was ₹ 467.20.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 16, 2024 04:12 PM, the market cap of EIH Ltd stood at ₹ 29,217.01.

The latest PE ratio of EIH Ltd as of Apr 16, 2024 04:12 PM is 52.44

The latest PB ratio of EIH Ltd as of Apr 16, 2024 04:12 PM is 0.12

The 52-week high of EIH Ltd share price is ₹ 502.20 while the 52-week low is ₹ 168.50

According to analyst recommendations, EIH Ltd Share has a “Buy” rating for the long term.

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