Mahindra Holidays & Resorts India Ltd is the leisure and hospitality arm of the Mahindra Group. The company offers holiday options mainly through its vacation ownership membership plans. The company was registered in Chennai, Tamil Nadu, as a private limited company on 20 September 1996. It was converted into a public limited company in 1998. MHRIL has its head office in Mumbai, Maharashtra.
The company is listed on NSE with the code MHRIL and on BSE with the code 533088. As of 16 December 2022, the company’s shares closed at Rs 274.50 on the NSE and at Rs 275 on the BSE. According to NSE data, the market capitalisation of Mahindra Holidays & Resorts India Ltd on the above-mentioned date was Rs 5,521 crore. With respect to that day, the share’s 52-week high and low prices on the NSE were Rs 313.60 and Rs 185.60, respectively.
Financial statements issued by Mahindra Holidays & Resorts India Ltd show that its revenue grew from Rs 1,729 crore in FY 2021 to Rs 2,013 crore in FY 2022. The company had a net loss of Rs 14 crore in FY 2022, while it posted a net profit of Rs 67 crore in FY 2022.
Mahindra & Mahindra Ltd is listed as the company’s sole promoter. Its stake in MHRIL in the September 2022 quarter was 67.08%. During this quarter, mutual funds had a combined 7.94% stake in the company, down from 9.11% held in the previous quarter. Foreign institutional investors had a total 5.07% holding in MHRIL this quarter, which was greater than the 4.91% stake held in the preceding three months. During the September 2022 quarter, other domestic institutional investors had a 0.68% stake, while the remaining 19.54% was held by retail and other investors.
Arun Nanda is the chairperson of Mahindra Holidays and Resorts India Ltd, while Kavinder Singh is its executive director & CEO. Its non-executive independent directors include Rohit Khattar, Sangeeta Talwar, Diwakar Gupta, Sanjeev Aga, and Rajat Jain. Its non-executive non-independent directors include Anish Shah and Ruzbeh Irani.
Peers of the company include Indian Hotels Company Ltd, EIH Ltd, India Tourism Development Corporation Ltd, and Chalet Hotels Ltd, among others.
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