The Byke Hospitality Ltd

₹ 92.0 -4.63%

24 Dec 9:02 a.m.

About

Incorporated in 1990, The Byke Hospitality Ltd is in the business of Hospitality^[1]

Key Points

Business Overview:^[1]^[2]
TBHL is a hospitality company focused on the mid -market/budget traveller with most properties located in popular destinations in tier1 /tier 2 or mini metros. Company’s portfolio consists of 17 operational properties on long term leases (10 - 20 years) out of which 2 are owned, 14 are under long term lease contracts (1042 keys) and 1 under management contract (39 keys). Company is present in 9 states and 12 cities with 15 hotels having 1,255 rooms

Website BSE NSE - BE

Market Cap ₹ 481 Cr.
Current Price ₹ 92.0
High / Low ₹ 107 / 53.0
Stock P/E 79.6
Book Value ₹ 42.6
Dividend Yield 0.00 %
ROCE 4.58 %
ROE 3.12 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -0.58%
The company has delivered a poor sales growth of -10.6% over past five years.
Tax rate seems low
Company has a low return on equity of -0.97% over last 3 years.

* 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

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	16.54	31.53	33.09	36.27	19.68	31.66	26.80	20.05	19.76	21.08	22.97	23.27	20.49
	11.33	23.36	23.81	24.65	13.51	21.67	14.74	12.95	11.39	11.45	12.92	14.07	13.27
Operating Profit	5.21	8.17	9.28	11.62	6.17	9.99	12.06	7.10	8.37	9.63	10.05	9.20	7.22
OPM %	31.50%	25.91%	28.04%	32.04%	31.35%	31.55%	45.00%	35.41%	42.36%	45.68%	43.75%	39.54%	35.24%
	0.29	0.24	0.22	0.25	0.26	0.27	0.27	0.27	0.35	0.33	0.32	0.56	0.75
Interest	2.54	2.67	2.67	2.47	2.94	2.38	2.21	2.07	1.89	1.87	1.66	1.56	1.62
Depreciation	8.26	7.83	6.70	7.35	7.49	7.40	7.43	4.21	6.57	7.64	6.80	6.21	5.97
Profit before tax	-5.30	-2.09	0.13	2.05	-4.00	0.48	2.69	1.09	0.26	0.45	1.91	1.99	0.38
Tax %	-17.55%	-34.45%	-500.00%	-30.73%	-13.25%	-102.08%	20.82%	-37.61%	-242.31%	-124.44%	-17.80%	-15.08%	-23.68%
	-4.36	-1.37	0.77	2.67	-3.47	0.97	2.12	1.50	0.89	1.01	2.25	2.30	0.48
EPS in Rs	-1.09	-0.34	0.19	0.67	-0.87	0.24	0.53	0.37	0.22	0.25	0.48	0.49	0.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	100.11	154.26	179.81	229.76	269.98	177.41	146.77	122.19	65.61	93.29	114.41	83.86	87.81
	82.49	125.66	142.54	177.08	207.76	108.57	122.90	85.86	51.39	69.72	74.34	48.42	51.71
Operating Profit	17.62	28.60	37.27	52.68	62.22	68.84	23.87	36.33	14.22	23.57	40.07	35.44	36.10
OPM %	17.60%	18.54%	20.73%	22.93%	23.05%	38.80%	16.26%	29.73%	21.67%	25.27%	35.02%	42.26%	41.11%
	0.50	0.15	0.11	0.14	0.65	0.77	0.91	1.00	0.87	0.86	1.05	1.27	1.96
Interest	2.37	2.11	1.84	1.56	1.14	0.89	2.24	6.83	8.54	10.25	10.24	7.78	6.71
Depreciation	4.19	5.38	10.17	11.60	12.77	13.65	14.95	28.05	26.47	29.86	29.67	25.22	26.62
Profit before tax	11.56	21.26	25.37	39.66	48.96	55.07	7.59	2.45	-19.92	-15.68	1.21	3.71	4.73
Tax %	32.87%	25.21%	21.05%	34.62%	34.60%	34.61%	33.47%	-68.98%	-8.43%	-18.24%	-89.26%	-52.29%
	7.76	15.89	20.03	25.94	32.02	36.01	5.06	4.15	-18.24	-12.82	2.29	5.65	6.04
EPS in Rs	1.94	3.96	5.00	6.47	7.99	8.98	1.26	1.03	-4.55	-3.20	0.57	1.20	1.31
Dividend Payout %	25.84%	18.93%	20.02%	15.46%	12.52%	11.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-6%
5 Years:	-11%
3 Years:	9%
TTM:	-11%

Compounded Profit Growth
10 Years:	-10%
5 Years:	2%
3 Years:	32%
TTM:	10%

Stock Price CAGR
10 Years:	-4%
5 Years:	41%
3 Years:	45%
1 Year:	63%

Return on Equity
10 Years:	6%
5 Years:	-2%
3 Years:	-1%
Last Year:	3%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	20.05	20.05	40.10	40.10	40.10	40.10	40.10	40.10	40.10	40.10	40.10	46.90	52.28
Reserves	52.41	64.78	59.96	81.07	112.67	143.65	143.86	147.99	129.83	117.08	119.41	155.05	170.60
	19.87	14.55	12.41	10.74	8.33	20.16	20.45	56.86	80.37	96.67	81.15	58.93	71.91
	21.31	25.99	23.58	27.67	25.47	31.48	17.87	17.94	13.09	8.97	6.21	5.85	7.21
Total Liabilities	113.64	125.37	136.05	159.58	186.57	235.39	222.28	262.89	263.39	262.82	246.87	266.73	302.00
	72.68	78.43	79.08	84.35	91.87	103.02	106.04	143.98	142.08	147.41	160.95	141.00	158.32
CWIP	3.10	3.55	1.55	3.01	2.39	8.49	16.61	17.93	21.80	9.59	5.55	8.07	14.07
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.01	9.79
	37.86	43.39	55.42	72.22	92.31	123.88	99.63	100.98	99.51	105.82	80.37	112.65	119.82
Total Assets	113.64	125.37	136.05	159.58	186.57	235.39	222.28	262.89	263.39	262.82	246.87	266.73	302.00

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	15.68	19.99	16.44	26.84	28.18	31.34	25.49	33.41	12.97	17.30	60.67	20.82
	-14.50	-9.16	-8.71	-18.19	-19.14	-30.13	-23.86	-21.95	-7.54	-0.46	-40.49	-23.07
	-2.13	-9.89	-7.44	-8.06	-8.33	6.26	-6.57	-14.59	-5.11	-15.03	-23.19	6.88
Net Cash Flow	-0.95	0.94	0.29	0.59	0.71	7.47	-4.94	-3.13	0.32	1.81	-3.01	4.63

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	43.50	25.34	28.50	28.10	30.05	61.15	71.03	80.53	138.36	98.67	66.29	87.40
Inventory Days	295.45	234.78	154.30	99.60	151.23	190.31	202.27	251.01	473.45	342.99	298.60	498.16
Days Payable	449.84	249.16	170.45	102.16	59.74	54.87	51.29	64.70	113.56	73.37	62.29	103.47
Cash Conversion Cycle	-110.89	10.96	12.35	25.54	121.55	196.58	222.00	266.85	498.25	368.30	302.61	482.09
Working Capital Days	42.26	29.39	50.69	57.08	74.76	129.66	135.04	164.68	311.93	232.68	129.01	195.17
ROCE %	15.77%	24.38%	25.69%	33.73%	34.20%	30.66%	4.81%	4.13%	-4.58%	-2.15%	4.63%	4.58%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	46.86%	46.86%	46.86%	46.85%	46.85%	46.85%	46.85%	46.85%	46.85%	42.83%	42.83%	42.25%
	4.52%	4.46%	4.46%	4.46%	4.46%	4.46%	4.15%	0.00%	0.02%	0.15%	1.84%	2.15%
	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.80%	0.00%	0.00%
	47.69%	47.75%	47.75%	47.75%	47.75%	47.75%	48.05%	52.21%	52.19%	56.22%	55.33%	55.60%
No. of Shareholders	16,495	17,192	18,141	18,504	17,999	17,665	17,180	18,468	19,405	18,128	17,981	17,332

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	45.29%	46.50%	46.50%	46.86%	46.86%	46.86%	46.85%	42.83%	42.25%
	9.07%	23.61%	9.80%	6.89%	5.10%	4.46%	4.46%	0.15%	2.15%
	3.30%	5.74%	1.40%	1.39%	0.94%	0.94%	0.94%	0.80%	0.00%
	42.34%	24.16%	42.30%	44.86%	47.11%	47.75%	47.75%	56.22%	55.60%
No. of Shareholders	8,789	13,595	17,004	15,629	14,991	17,192	17,665	18,128	17,332

* 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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Concalls

Jun 2019

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Nov 2018

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Aug 2018

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Jun 2018

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Feb 2018

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Dec 2017

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Aug 2017

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May 2017

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Feb 2017

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Nov 2016

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Oct 2016

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Aug 2016

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