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TajGVK Hotels & Resorts Ltd share Price

Company details

6M Return 25.41%
1Y Return 24.76%
Mkt Cap.(Cr) 1,451.53
Volume 51,720
Div Yield 0.43%
OI Chg %
Volume 51,720

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Technical Outlook
    Hospitality sector has been a key outperforming sector in CY22 as the stocks resolved out of multi year under performance as tourism picked up after 2 year COVID induced hiatus
    TAJGVK share price is resolving out of two years of base formation and surpassing pre-covid levels backed by above average trading volumes. The stock is also outperforming over past few weeks as it witnessed resilience during corrective phase of September 2022
    We expect the share price to head towards 230 in coming months as it is implication of range breakout (180-130) as projected from breakout level of 180
    The weekly MACD is seen diverging from its 9 period average signifying strong momentum from medium term perspective
Fundamental Outlook
    TAJGVK hotels is Hyderabad based premium hotel player with Hyderabad accounting for 67% of revenues (pre-covid). The company owns & operates 7 properties with total 1361 rooms. Of these, four properties are based in Hyderabad which is witnessing good growth. Other three properties are located in Chennai Chandigarh and Mumbai (near domestic Airport) respectively. The company also enjoys strong support from its JV partner Taj Group
    FY23 began on strong note for hotel sector in terms of growth and margin expansion. With the full re-opening, the corporate demand and MICE segment also joined the growth league in Q1FY23 while leisure continued to perform well. This in turn helped the hotel players to raise room tariffs without disturbing the demand.
    In Q1FY23 average room rates was reported to be even higher by 20-25% vs pre-covid levels. This lead to a sharp revenue growth of over 24% vs pre-covid levels. Hence, the change in the strategy from occupancy led growth during pre-covid era to ARR led growth was clearly visible in the current quarter.
    In terms of rooms supply, we expect launch of new hotel projects to get delayed due to higher land and input costs that would augur well for the existing branded players. Further, hotel players are now leaner in terms of costs that are sustainable in nature. 
    The company enjoys strong partnership from IHCL. Hence, in our view, TajGVK has strong financial flexibility due to comfort arising from association from IHCL 

     On a replacement basis, the stock is trading at EV/room of ₹ 1.1 crore which leaves enough scope for decent upside from the current levels. 



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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

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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

TajGVK Hotels & Resorts Ltd Stocks COMPARISION


Equity Capital: 461.32 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 13,565.29 -8,591.81
LAST 3M 37,244.98 3,231.65
LAST 6M 45,909.21 154,115.29
LAST 12M 133,371.71 158,810.39

TajGVK Hotels & Resorts Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • TajGVK Hotels & Resorts Ltd is a joint venture company between Indian Hotels Co Ltd, a Tata group company and the Hyderabad-based GVK Group. The company is engaged in the hospitality and tourism industry. The company currently has operations in Hyderabad, Chandigarh and Chennai. TajGVK Hotels & Resorts Ltd was incorporated in the year 1995. 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.

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

Sathguru Mngt Consul Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532390
Book Closure Date (Month) :
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 Sep 22, 2023 03:53 PM the closing price of TajGVK Hotels & Resorts Ltd was ₹ 231.50.

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 Sep 22, 2023 03:53 PM, the market cap of TajGVK Hotels & Resorts Ltd stood at ₹ 1,451.53.

The latest PE ratio of TajGVK Hotels & Resorts Ltd as of Sep 22, 2023 03:53 PM is 16.03

The latest PB ratio of TajGVK Hotels & Resorts Ltd as of Sep 22, 2023 03:53 PM is 0.32

The 52-week high of TajGVK Hotels & Resorts Ltd is ₹ 286.15 while the 52-week low is ₹ 168.95

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

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