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Indian Hotels Co Ltd share Price Today

Company details

585.50
607.00
330.95
622.50
6M Return 49.23%
1Y Return 78.26%
Mkt Cap.(Cr) 86,018.00
Volume 2,926,476
Div Yield 0.17%
OI
-
OI Chg %
-
Volume 2,926,476

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About The Stock

    With room inventory of 178 hotels with 20,826 rooms, Indian Hotels has a diversified position in the hotel industry through brands such as Taj, Vivanta, SeleQtions and Ginger brands.

    • The company also has a selective presence in the luxury segment in the US, the UK, Africa, UAE and Maldives through owned/managed properties
    • The company enjoys strong support from its promoter Tata Sons and is also an important strategic business for the Tata Group.
Q3FY23 Results:

    IHCL reported strong growth in revenues in Q3.

    • Revenue grew 51.7% YoY to ₹ 1685 crore. The same was up 22.8% vs. pre-Covid levels led by strong performance from the domestic segment
    • EBITDA margin also expanded 441 bps from pre-Covid levels to 35.4% on a consolidated basis
    • This led to a sharp rebound in net profit that was up 88% from pre-Covid levels to ₹ 382.7 crore

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Indian Hotels Company announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24:

  • Revenue: Rs 2,004 crore, a 15% increase year-over-year (YoY).
  • EBITDA: Rs 772 crore, up by 18% YoY; boasting an EBITDA margin of 38.5%.
  • Profit After Tax (PAT): Rs 452 crore, marking an 18% growth YoY.

Consolidated 9MFY24:

  • Revenue: Rs 5,000 crore, displaying a 16% rise YoY.
  • EBITDA Margin Increase: Improved by 1.0 percentage point (pp) to 32.7%.
  • Profit After Tax: Achieved Rs 841 crore, witnessing a 25% augmentation YoY.

Operational Highlights:

  • Room Revenue Growth: 21% increase, propelled by heightened Room Revenue.
  • RevPAR Dominance: Secured a 70% RevPAR premium versus competition.
  • Occupancy Rate: International portfolio occupancy stood at 70%, leading to a 9% RevPAR increase YoY.

Expansion and Growth:

  • New Hotels Signed: 28 hotels added to the signing docket.
  • Hotel Openings: Successfully opened 16 hotels during the fiscal year.
  • Milestone Achievement: Celebrated the operation of IHCL's 200th hotel.
  • New and Existing Markets: Forayed into new regions and strengthened presence in existing ones, expanding to over 130 locations.

New Business Verticals and Management Fees:

  • Revenue Generation: New Business vertical brought in Rs 420 crore in revenue.
  • Growth Metrics: Observed a 33% revenue growth, which is double compared to IHCL's overall growth of 17%.
  • Contribution to Enterprise Revenue: New Business now constitutes 11.1% of IHCL's total revenue, up by 130 basis points.
  • Management Fee Income: Grew by 13% year-over-year, reaching Rs 134 crore.

Awards and Recognitions:

  • World's Finest Luxury Grand Palaces: Taj won at '101 Executive Summit', Germany.
  • Golden Peacock Awards: Received the HR Excellence Award for 2023 and the Award for Risk Management 2023.
  • TripAdvisor Travelers' Choice: Rambagh Palace, Jaipur, ranked as the World's No. 1 Hotel.

Commenting on the Q3FY24 performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL reported an all-time high consolidated Q3 EBITDA margin of 38.5% and PAT margin of 22.6%, marking seven consecutive quarters of record financial performance. This robust performance was enabled by same-store hotels clocking RevPAR premium across markets and segments, the strong performance of not like-for-like growth, and the scaling of new businesses.”

He added, “IHCL continues to demonstrate industry-leading growth with 28 hotels signed and 16 hotels opened this fiscal with a portfolio of 285 hotels including a pipeline of 85 hotels. This year marks the momentous occasion of reaching the 200th operating hotel milestone and the successful launch of 371 keys flagship Ginger at Mumbai Airport, presenting a vast potential to scale the Ginger brand. IHCL with its well-established brands, vast footprint across 130 locations, and a healthy balance sheet, is well placed to leverage this sustained demand upcycle the sector is witnessing.”

Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, “Q3 saw a stellar performance led by the domestic market as seen in IHCL’s standalone revenue of Rs 1,323 crore, a growth of 22% over the previous year and EBITDA margin of 45.4% which is a 290-basis points expansion. IHCL’s consolidated results also demonstrated a strong performance with an Operating EBITDA margin of 37.3%, an expansion of 190 basis points, reflective of high revenue flow through.”

He added, “On a year to date basis IHCL consolidated reported an all-time high revenue of Rs 5,000 crore, an EBITDA margin of 32.7% in line with the guidance of Ahvaan 2025, and maintained healthy cash and cash equivalents of Rs 1,810 crore as on 31st December 2023.”

 

 

 

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Indian Hotels Co Ltd shares SWOT Analysis

Strengths (14)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Positive Breakout First Resistance ( LTP > R1)
  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (2)

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

Resistance and support

R1 612.4
R2 620.4
R3 633.9
Pivot

598.93

S1 590.9
S2 577.4
S3 569.4
EMA SMA
591.6
567.4
528.0
475.3
594.3
574.3
515.2
458.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
C WORLDWIDE ASIA Block Purchase 2022-12-13 332.85 2309174 BSE
C WORLDWIDE Block Sell 2022-12-13 332.85 2309174 BSE
YOKE SECURITIES LTD Bulk Purchase 2022-11-30 321.16 10908346 NSE
Name Category Shares
TATA SONS PRIVATE LIMITED PROMOTER 35.66%
TATA INVESTMENT CORPORATION LTD PROMOTER 1.26%
TATA CHEMICALS LIMITED PROMOTER 0.83%

OUR RESEARCH VIEW

Investment recommendation
Call Date
02 Feb 2023
Entry Price 316.00
Target Price 390.00
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

Indian Hotels Co Ltd Stocks COMPARISON

Financials( in Cr) Indian Hotels Co Ltd EIH Ltd Chalet Hotels Ltd Lemon Tree Hotels Ltd Juniper Hotels Ltd
Price 604.30 468.05 886.75 135.00 468.15
% Change 3.24 -2.12 -0.09 0.19 0.40
Mcap Cr 86,018.00 29,270.16 19,340.02 10,695.32 10,416.43
Revenue TTM Cr 5,809.91 2,018.81 1,128.47 874.99 666.85
Net Profit TTM Cr 971.43 329.10 183.29 140.54 -1.50
PE TTM 71.20 54.25 80.02 85.28 0.00
1 Year Return 78.26 174.84 138.53 59.86 16.60
ROCE 13.63 15.77 9.13 11.51 7.36
ROE 12.81 11.89 10.90 14.39 -8.36
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 7,981.96 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -3,609.06
LAST 3M 83,632.14 32,580.07
LAST 6M 140,794.69 70,960.51
LAST 12M 216,582.31 196,780.81
NSE Board Meetings Forthcomming

Apr 24, 2024 l NSE Board Meetings Forthcomming

Board Meetings Forthcomming

Apr 24, 2024 l Board Meetings Forthcomming

The Indian Hotels Company Limited - Loss of Share Certificates

Apr 22, 2024 l NSE Announcement

Date Action Type Ratio
Jun 09, 2023 Dividend 100
Jun 22, 2022 Dividend 40

Indian Hotels Co Ltd Information

Stock PE (TTM)
71.2
Promoter Holding
38.12%
Book Value
59.0468
ROCE
13.63%
ROE
12.81%
Description
  • Indian Hotels Co Ltd operates in the Hotels & Restaurants sector and has a market capitalization worth Rs. 16,477.17 crores, it was incorporated in the year 1899. It has reported consolidated sales of Rs. 1,575.16 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500850, and also listed on the National Stock Exchange (NSE) with the code INDHOTEL.

    The Indian Hotels Company Ltd is South Asias largest hospitality-based company. IHCL operates in various business areas like hotels, resorts, jungle safaris, palaces, spas, and in-flight catering services.

    The company includes various well-established brands under its belt, such as The Taj, SeleQtions, Ginger, Vivanta, and ama Stays & Trails in the hotel business. The company has a total of 235 hotels and bungalows spread across 166 locations worldwide. The operations of the company are spread over in 12 countries. It has signed a total of 17 hotels in FY 2021-21. The promoters of the company own 40.75% of the stake in the company, Foreign Institutional Investors (FII) own 12.56%, Domestic Institutional Investors (DII) own 27.99% stake in the company, and others (such as public & retail investors) hold the balance of 18.7%.

    In June 2021, quarterly net revenue was Rs. 207.4 crores, which has increased sharply by approximately 117.77 % from Rs. 95.25 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 190.24 crores, which has improved and increased by nearly 20.34% from a net loss of Rs. 238.81 crores in June 2020. In June 2021, the reported operating profit was at Rs. 76.76 crores, which has improved sharply and increased by 533.67% compared to an operating loss of Rs. 17.17 crores in June’2020 quarter. From a negative EPS of Rs. 2.01 in June 2020, the EPS of Indian Hotels Co Ltd has improved and reached a negative EPS of Rs. 1.6 per share in June 2021. INDHOTELs stock closed at Rs. 138.55 on 20th August’2021 (NSE) and has given a positive return of 10.14% in the last six months and provided a positive return of 42.47% in the previous year.

Registered Address

Mandlik House, Mandlik Road, Mumbai, Maharashtra, 400001

Tel : 91-22-66395515
Email : investorrelations:tajhotels.com
Website : http://www.ihcltata.com
Registrar

Indian Hotels Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500850
NSE Code : INDHOTEL
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE053A01029

FAQ’s on Indian Hotels Co Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Apr 23, 2024 04:02 PM the closing price of Indian Hotels Co Ltd was ₹ 604.30.

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 23, 2024 04:02 PM, the market cap of Indian Hotels Co Ltd stood at ₹ 86,018.00.

The latest PE ratio of Indian Hotels Co Ltd as of Apr 23, 2024 04:02 PM is 71.2

The latest PB ratio of Indian Hotels Co Ltd as of Apr 23, 2024 04:02 PM is 0.10

The 52-week high of Indian Hotels Co Ltd share price is ₹ 622.50 while the 52-week low is ₹ 330.95

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

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