Dhanada Corporation Ltd

₹ 2.30 -4.96%

04 Mar 2024

About

Incorporated in 1986, Dhanada Corporation Ltd (formerly known as Vedant Hotels Private Ltd) is primarily engaged in the business of Hospitality /Hotels.

Key Points

Business Overview:^[1]
Company established a Five Star Hotel (VITS Aurangabad) at Aurangabad. The hotel has 100 luxuries guest rooms with required amenities. The hotel is spread over an area of 1.5 acres. Company entered into a Management Agreement with Vits Hotels Worldwide Private Limited for management of day to day operations of the Hotel.

Website BSE

Market Cap ₹ 12.9 Cr.
Current Price ₹ 2.30
High / Low ₹ 2.54 / 1.79
Stock P/E
Book Value ₹ -0.67
Dividend Yield 0.00 %
ROCE -4.35 %
ROE -331 %
Face Value ₹ 1.00

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -11.2% over past five years.
Company has a low return on equity of -68.9% over last 3 years.
Working capital days have increased from -206 days to 167 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Hotels & Restaurants Industry: Hotels

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	2.09	3.01	2.14	0.21	0.51	1.30	0.91	0.25	1.07	2.00	1.56	2.29	2.01
	1.85	2.21	2.49	0.76	0.68	0.96	1.70	0.80	1.50	1.54	2.04	2.13	1.71
Operating Profit	0.24	0.80	-0.35	-0.55	-0.17	0.34	-0.79	-0.55	-0.43	0.46	-0.48	0.16	0.30
OPM %	11.48%	26.58%	-16.36%	-261.90%	-33.33%	26.15%	-86.81%	-220.00%	-40.19%	23.00%	-30.77%	6.99%	14.93%
	0.01	0.01	0.04	0.01	0.01	0.01	0.04	0.02	0.02	0.01	0.09	0.01	0.02
Interest	0.87	0.91	0.93	0.97	1.01	1.05	1.07	1.12	1.18	1.22	1.24	1.30	1.37
Depreciation	0.19	0.19	0.18	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.16	0.16	0.17
Profit before tax	-0.81	-0.29	-1.42	-1.69	-1.35	-0.88	-1.99	-1.82	-1.76	-0.92	-1.79	-1.29	-1.22
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-0.81	-0.29	-1.42	-1.69	-1.35	-0.88	-1.99	-1.81	-1.76	-0.92	-1.79	-1.29	-1.22
EPS in Rs	-0.14	-0.05	-0.25	-0.30	-0.24	-0.16	-0.36	-0.32	-0.31	-0.16	-0.32	-0.23	-0.22
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	6.70	8.50	9.00	8.45	8.62	8.53	8.83	10.93	11.22	9.28	2.94	4.88	7.86
	4.52	6.51	5.88	6.04	6.57	6.42	7.51	9.01	8.96	8.35	4.11	5.83	7.42
Operating Profit	2.18	1.99	3.12	2.41	2.05	2.11	1.32	1.92	2.26	0.93	-1.17	-0.95	0.44
OPM %	32.54%	23.41%	34.67%	28.52%	23.78%	24.74%	14.95%	17.57%	20.14%	10.02%	-39.80%	-19.47%	5.60%
	0.10	-0.48	0.37	0.85	-4.04	-2.16	-0.93	-1.02	0.16	0.09	0.08	0.14	0.13
Interest	1.55	1.54	1.69	1.80	1.80	1.96	2.20	2.69	3.09	3.59	4.12	4.80	5.13
Depreciation	1.26	1.28	1.33	1.34	2.09	2.09	1.73	1.20	0.98	0.76	0.70	0.67	0.66
Profit before tax	-0.53	-1.31	0.47	0.12	-5.88	-4.10	-3.54	-2.99	-1.65	-3.33	-5.91	-6.28	-5.22
Tax %	0.00%	0.00%	0.00%	16.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-0.53	-1.30	0.47	0.10	-5.88	-4.11	-3.54	-2.99	-1.65	-3.33	-5.91	-6.28	-5.22
EPS in Rs	-0.11	-0.26	0.08	0.02	-1.05	-0.73	-0.63	-0.53	-0.29	-0.60	-1.06	-1.12	-0.93
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-5%
5 Years:	-11%
3 Years:	-24%
TTM:	123%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	19%

Stock Price CAGR
10 Years:	-12%
5 Years:	19%
3 Years:	-18%
1 Year:	28%

Return on Equity
10 Years:	-13%
5 Years:	-35%
3 Years:	-69%
Last Year:	-331%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
Equity Capital	4.91	5.05	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59
Reserves	19.33	19.32	27.37	27.46	21.24	16.89	13.34	10.35	8.69	5.37	-0.54	-6.85	-9.35
	14.79	16.44	11.95	12.63	13.20	14.85	16.38	18.97	22.06	25.61	29.71	34.48	37.15
	2.86	2.62	2.91	2.31	1.77	1.90	2.01	1.98	2.00	2.21	2.91	2.89	3.67
Total Liabilities	41.89	43.43	47.82	47.99	41.80	39.23	37.32	36.89	38.34	38.78	37.67	36.11	37.06
	35.17	34.71	33.52	32.26	30.03	28.00	26.37	25.34	24.42	23.68	22.98	22.32	22.01
CWIP	0.67	0.05	0.22	0.63	0.90	1.68	1.81	1.81	1.81	1.81	1.81	1.88	1.88
Investments	3.22	5.18	5.18	5.24	4.42	2.21	1.11	0.00	0.00	0.00	0.00	0.00	0.00
	2.83	3.49	8.90	9.86	6.45	7.34	8.03	9.74	12.11	13.29	12.88	11.91	13.17
Total Assets	41.89	43.43	47.82	47.99	41.80	39.23	37.32	36.89	38.34	38.78	37.67	36.11	37.06

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	2.98	2.39	-3.33	0.79	1.55	1.11	1.06	1.10	1.26	-0.37	2.32	-2.88
	-2.16	-2.69	0.02	0.27	-0.29	-0.83	-0.19	-0.12	-0.01	0.03	0.55	-0.03
	-0.56	1.61	2.01	-1.06	-1.28	-0.21	-0.61	-0.03	0.06	0.00	0.00	-0.02
Net Cash Flow	0.26	1.31	-1.30	0.00	-0.02	0.07	0.26	0.95	1.31	-0.33	2.86	-2.92

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Debtor Days	33.23	30.49	32.04	27.21	28.37	43.22	37.62	28.05	52.38	62.14	114.22	74.05
Inventory Days	23.23	19.73	24.89	33.18	31.87	28.08	23.55	29.80
Days Payable	527.59	332.12	273.75	250.37	185.40	152.86	176.61	136.56
Cash Conversion Cycle	-471.13	-281.90	-216.82	-189.98	-125.16	-81.57	-115.45	-78.72	52.38	62.14	114.22	74.05
Working Capital Days	-107.87	-48.95	-191.42	-184.88	-376.01	23.96	-575.82	-609.11	-589.47	-792.14	6.21	166.79
ROCE %	2.65%	2.20%	5.11%	4.26%	0.75%	0.18%	-0.41%	2.28%	4.04%	0.71%	-5.02%	-4.35%

Shareholding Pattern

Numbers in percentages

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	59.78%	58.58%	57.78%	55.80%	55.73%	53.70%	53.70%	54.26%	54.70%	54.75%	51.85%	51.67%
	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%
	39.99%	41.19%	42.00%	43.97%	44.04%	46.07%	46.07%	45.51%	45.08%	45.02%	47.92%	48.10%
No. of Shareholders	4,082	4,100	4,108	4,182	4,275	4,233	4,265	4,243	4,309	4,374	4,396	4,448

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
	65.69%	65.70%	64.40%	58.58%	53.70%	54.75%	51.67%
	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%
	34.08%	34.08%	35.37%	41.19%	46.07%	45.02%	48.10%
No. of Shareholders	3,999	3,992	4,072	4,100	4,233	4,374	4,448

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Dhanada Corporation Ltd

Dhanada Corporation Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports