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TajGVK Hotels & Resorts Ltd share Price Today

Company details

315.30
323.90
212.70
422.65
6M Return 31.47%
1Y Return 21.42%
Mkt Cap.(Cr) 1,996.09
Volume 111,032
Div Yield 0.46%
OI
-
OI Chg %
-
Volume 111,032

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Taj GVK Hotels & Resorts announced Q3FY23 results:

  • Standalone Q3FY23:
    • Reported a revenue of Rs 105.56 crore in Q3FY23, an increase of 29% over Q3FY22
    • Reported a positive EBITDA of in Q3FY23, an increase of 16% as compared to Q3 in the last fiscal.
    • The occupancy increased by 5 percentage points whilst the Average Room Rates showed a significant growth of 19% as compared to the pre-COVID level.

Dr GVK Reddy, Chairman TAJGVK Hotels & Resorts Ltd said "Business continues to be buoyant driven primarily by social events and corporate travel. All the hotels in the portfolio have outperformed in their respective markets. This strong performance over three consecutive quarters matched with cost optimization has resulted in the company's best nine-month performance in a decade with a PAT of Rs 65.38 crore."

Result PDF

View Other Company Results

TajGVK Hotels & Resorts Ltd shares SWOT Analysis

Strengths (7)

  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters
  • Increasing profits every quarter for the past 2 quarters

Weakness (3)

  • MACD Crossover Below Signal Line
  • Negative Breakdown First Support (LTP < S1)
  • MFs decreased their shareholding last quarter

Opportunity (1)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 323.1
R2 327.8
R3 331.7
Pivot

319.18

S1 314.5
S2 310.6
S3 305.9
EMA SMA
330.7
339.3
335.5
311.6
332.3
342.5
354.3
301.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-23 392.87 390689 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-05-23 393.28 390689 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-03 410.1 564578 NSE
Name Category Shares
THE INDIAN HOTELS COMPANY LIMITED PROMOTER 25.52%
Starlight Trust PROMOTER 23.75%
Moonshot Trust PROMOTER 18.69%
Blue Moon Trust PROMOTER 7%

OUR RESEARCH VIEW

Investment recommendation
Call Date
22 Oct 2021
Entry Price 150.00
Target Price 210.00
Duration
12 Month
BUY

FINANCIALS

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

TajGVK Hotels & Resorts Ltd Stocks COMPARISON

Financials( in Cr) TajGVK Hotels & Resorts Ltd Indian Hotels Co Ltd EIH Ltd Chalet Hotels Ltd Lemon Tree Hotels Ltd
Price 318.35 577.90 397.75 765.45 142.76
% Change -3.13 -5.24 -5.96 -9.03 -2.66
Mcap Cr 1,996.09 82,260.14 24,873.85 16,694.46 11,310.10
Revenue TTM Cr 383.58 6,768.75 2,511.27 1,417.25 874.99
Net Profit TTM Cr 79.82 1,201.59 677.71 278.18 140.54
PE TTM 21.92 66.68 39.74 60.71 77.38
1 Year Return 21.42 50.16 93.46 69.89 58.36
ROCE 22.29 15.92 23.75 9.93 11.51
ROE 19.24 13.69 18.53 16.40 14.39
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 461.32 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,657.67 50,536.31
LAST 3M 100,816.35 52,758.00
LAST 6M 183,679.85 45,520.24
LAST 12M 311,925.41 84,454.62

TajGVK Hotels & Resorts Ltd Information

Stock PE (TTM)
21.92
Promoter Holding
74.99%
Book Value
87.3584
ROCE
22.29%
ROE
19.24%
Description
  • TAJ GVK Hotels & Resorts Limited was incorporated on 2nd February, 1995 in Andhra Pradesh, India. The Company is a joint venture between the Indian Hotels Co Ltd, a Tata group company and the Hyderabad-based GVK Group. The company is engaged in the hospitality and tourism industry. It currently has operations in Hyderabad, Chandigarh and Chennai.". During the year 1999-2000, the company made a tie-up with a leading Hotels Chain "Taj Group of Hotels" as a Strategic Investor-cum-operating Alliance with a view to enhance the services and improve the overall operations. Also, the Indian Hotels Company Ltd had invested an amount of Rs 40 crores in the company. During the year, the company changed their name from GVK Energy Resources Ltd to GVK Hotels & Resorts Ltd as a part of the restructuring programme so as to bring the entire hospitality business of the group under one company. The company made a scheme of arrangement with Novopan Industries Ltd and Scheme of Amalgamation with Hotel Sree Krishna Ltd during the year. Accordingly, the Hotel Division of Novopan Industries Ltd and the entire undertaking of Hotel Sree Krishna Ltd was de-merged and merged with GVK Hotels & Resorts Ltd with effect from April 1, 1999. Also, the name of the company was changed to TajGVK Hotels & Resorts Ltd. During the year 2002-03, the guestrooms on two floors at Taj Krishna had been completely renovated. Also, the company built "The Deccan Hall", a large convention hall to cater the needs of inter-alia, large conferences, weddings and exhibitions. During this period, the company completed the acquisition of a hotel project at Chandigarh from India Tourism Development Corporation through a process of disinvestment. With the acquisition of 100% equity, Punjab Hotels Ltd, the owning company of Chandigarh hotel project became a wholly owned subsidiary of the company. During the year 2003-04, the Banquet Hall at Taj Krishna was completely renovated into "The Grand Bal Room" providing a luxurious and exquisite ambience using the finest Italian marble, intricate inlay and wood work, rich hand woven carpets and ornate chandeliers. Also, they renovated about 100 guestrooms between the three hotels during the year. A new car park facility, to accommodate about 250 cars, was added at Taj Residency. Punjab Hotels Ltd, the owning company Chandigarh Hotel Project was merged with the company with effect from November 1, 2002. In June 20, 2005, the company commissioned the first branded five star hotel in the city of Chandigarh, Taj Chandigarh. The hotel is the first branded five star hotel in the city and has 152 guestrooms, coffee shop, 2 restaurants, bar and banquet halls. During this period, the company acquired Sri Tripurasundari Hotels Ltd, which had a partly built hotel in Chennai. During the year 2006-07, Sri Tripurasundari Hotels Ltd merged with the company with effect from April 1, 2006. During the year 2007-08, the company added a new restaurant, restobar and 23 guest rooms in the existing block of Taj Deccan at a cost of Rs 25 crore. Also, they plan to add 180 rooms at the cost of Rs 100 crore. The company is proposing to construct the service apartments (43 nos), 7000 sq ft spa and the additional car parking facility at the existing premises of Taj Krishna, at an estimated cost of Rs 75 crores. They are planning to open a shopping arcade for premium international luxury brands in the hotel. In December 2008, the company launched their new premium Five Star Hotel in the centre of Chennai by the name Taj Mount Road, Chennai. The company is in the process of identifying and acquiring land in Bangalore, Jaipur, Kodaikanal and Amritsar for hotel projects. The Taj Mount Road, Chennai Hotel Project was completed and made operational on 22nd December 2008. The construction of an additional car parking facility along with connecting bridge at Taj Krishna was completed in 2012-13. The excavation works on the Ginger Hotel near the Shamshabad International Airport was completed in 2013. The Company`s JV company i.e. Greenwoods Palaces & Resorts Private Limited in which TAJGVK has 48.99% of equity completed the construction of Taj Santacruz hotel , 5 star luxury deluxe hotel at Mumbai International Airport Domestic terminal and started the commercial operations from January 2016. In FY 2016-17, it completed the renovation of Kohinoor-Banquet Hall in TAJ Deccan and Seasons Bar and Garden Room in TAJ Krishna. In 2018-19, the Company completed the renovation/ refurbishment of 3 floors and also completed the renovation of Restaurants. completed the construction of compound wall to secure the site and also completed the rejuvenation of Bengaluru Hotel Project. In 2022-23, the Company took up the phased refurbishments works of Guest Rooms and completed the renovation / refurbishment and renovated around 26 Guest Rooms and 2 Suite Rooms works in the 6 floor in Taj Krishna. Similarly, it took up the renovation of 10 Corridor facing Guest rooms each in 1st and 2nd floor and entire 54 rooms in 3rd floor of Taj Deccan during February, 2023. The Company also taken up the refurbishment of All Day Dining Restaurant, Specialty Restaurant and BAR.

Registered Address

Taj Krishna Road No 1, Banjara Hills, Hyderabad, Telangana, 500034

Tel : 91-40-6629 3664
Email : tajgvkshares.hyd:tajhotels.com
Website : http://www.tajgvk.in
Registrar

Sathguru Mngt Consul Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532390
NSE Code : TAJGVK
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE586B01026

FAQ’s on TajGVK Hotels & Resorts Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Jul 19, 2024 03:57 PM the closing price of TajGVK Hotels & Resorts Ltd was Rs.318.35.

The latest PE ratio of TajGVK Hotels & Resorts Ltd as of Jul 19, 2024 03:57 PM is 21.92

The latest PB ratio of TajGVK Hotels & Resorts Ltd as of Jul 19, 2024 03:57 PM is 0.27

The 52-week high of TajGVK Hotels & Resorts Ltd share price is Rs. 422.65 while the 52-week low is Rs. 212.70

According to analyst recommendations, TajGVK Hotels & Resorts Ltd Share has a "Buy" rating for the long term.

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 Jul 19, 2024 03:57 PM, the market cap of TajGVK Hotels & Resorts Ltd stood at Rs. 1,996.09 Cr.

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