Mahindra Holidays & Resorts India Ltd

Mahindra Holiday Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahindra Holidays & Resorts India Ltd

₹ 355 1.99%
26 Nov - close price
clubmahindra.com BSE: 533088 NSE: MHRIL
About

Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and Hospitality sector of the Mahindra Group offers family holidays primarily through vacation ownership memberships. Started in 1996, the company's flagship brand ‘Club Mahindra’ has over 250,000 members. [1]The Company is the largest Vacation Ownership company
outside the US and is 6th largest globally[2]

Key Points

Brand Reputation
Company is the No. 1 leisure hospitality player in the country.[1]

Website BSE NSE
  • Market Cap ₹ 7,177 Cr.
  • Current Price ₹ 355
  • High / Low ₹ 505 / 347
  • Stock P/E 37.1
  • Book Value ₹ 53.6
  • Dividend Yield 0.00 %
  • ROCE 20.9 %
  • ROE 21.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
  • Company's working capital requirements have reduced from 98.5 days to 66.7 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Contingent liabilities of Rs.2,914 Cr.
  • Earnings include an other income of Rs.145 Cr.
  • Company has high debtors of 277 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

Part of BSE 500 Nifty Total Market BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
238 267 259 288 284 315 310 328 308 336 343 351 328
176 200 207 220 219 236 248 258 227 253 282 271 252
Operating Profit 61 68 52 68 65 79 61 70 80 83 61 80 77
OPM % 26% 25% 20% 24% 23% 25% 20% 21% 26% 25% 18% 23% 23%
28 17 45 16 18 48 27 27 25 37 32 34 43
Interest 6 6 6 6 7 8 8 8 9 8 8 9 11
Depreciation 28 31 33 32 34 35 38 37 40 40 41 43 45
Profit before tax 55 49 59 45 42 84 42 51 56 72 44 61 64
Tax % 26% 26% 25% 26% 26% 26% 26% 26% 26% 5% 25% 26% 26%
41 36 44 34 31 63 31 38 41 68 33 45 47
EPS in Rs 2.02 1.79 2.22 1.68 1.54 3.12 1.55 1.88 2.05 3.37 1.65 2.24 2.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
691 760 779 952 1,073 1,064 918 977 822 961 1,196 1,314 1,358
518 594 591 715 817 819 805 789 613 719 916 1,011 1,057
Operating Profit 174 166 188 237 256 245 113 188 209 242 280 303 301
OPM % 25% 22% 24% 25% 24% 23% 12% 19% 25% 25% 23% 23% 22%
14 21 -9 12 17 29 43 59 85 108 108 119 145
Interest 8 7 9 10 11 12 5 21 21 26 35 40 37
Depreciation 21 38 65 71 61 55 51 102 104 120 139 159 168
Profit before tax 159 141 105 168 201 207 100 124 169 204 214 223 241
Tax % 33% 33% 25% 32% 35% 35% 36% 187% 26% 26% 26% 19%
107 95 79 114 131 134 64 -108 126 151 159 181 194
EPS in Rs 5.62 4.73 3.95 5.69 6.54 6.71 3.19 -5.40 6.28 7.54 7.88 8.94 9.59
Dividend Payout % 31% 37% 45% 39% 34% 40% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 17%
TTM: 8%
Compounded Profit Growth
10 Years: 7%
5 Years: 23%
3 Years: 13%
TTM: 12%
Stock Price CAGR
10 Years: 12%
5 Years: 20%
3 Years: 19%
1 Year: -9%
Return on Equity
10 Years: 18%
5 Years: 21%
3 Years: 25%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 84 88 88 88 88 133 133 133 133 200 201 202 202
Reserves 550 702 643 503 586 632 164 43 202 365 545 745 882
2 3 6 0 0 0 0 187 165 282 401 431 558
1,608 1,818 1,977 2,093 2,312 2,523 5,529 5,832 5,425 5,448 5,663 5,986 6,225
Total Liabilities 2,244 2,611 2,714 2,683 2,986 3,288 5,826 6,195 5,925 6,294 6,810 7,363 7,867
452 690 796 918 895 858 1,799 2,013 2,176 2,445 2,594 2,692 2,827
CWIP 253 68 72 36 62 109 222 243 121 115 137 209 292
Investments 186 159 151 138 181 544 411 492 162 381 650 1,044 1,189
1,354 1,695 1,695 1,591 1,849 1,776 3,393 3,447 3,466 3,354 3,430 3,418 3,559
Total Assets 2,244 2,611 2,714 2,683 2,986 3,288 5,826 6,195 5,925 6,294 6,810 7,363 7,867

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
213 32 269 116 266 332 300 331 267 356 413 519
-264 -89 -259 -6 -83 -415 -236 -278 -226 -261 -379 -407
-39 64 -38 -49 -53 -48 -62 -65 -36 -58 -73 -101
Net Cash Flow -91 7 -28 61 129 -131 2 -12 5 37 -40 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 330 405 408 320 307 333 421 444 406 345 287 277
Inventory Days
Days Payable
Cash Conversion Cycle 330 405 408 320 307 333 421 444 406 345 287 277
Working Capital Days 282 354 304 207 191 199 285 246 324 98 131 67
ROCE % 28% 21% 18% 27% 34% 31% 20% 44% 44% 34% 25% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.22% 67.22% 67.20% 67.08% 67.03% 67.00% 66.95% 66.81% 66.77% 66.77% 66.76% 66.76%
5.18% 4.96% 4.91% 5.07% 4.98% 5.12% 5.24% 5.19% 5.23% 5.26% 5.34% 5.31%
10.48% 9.71% 9.66% 8.31% 8.16% 8.13% 8.29% 10.41% 10.59% 10.70% 10.45% 10.25%
16.73% 17.74% 17.86% 19.22% 19.49% 19.48% 19.27% 17.39% 17.21% 17.07% 17.23% 17.49%
0.38% 0.37% 0.36% 0.32% 0.32% 0.28% 0.25% 0.21% 0.21% 0.21% 0.20% 0.19%
No. of Shareholders 62,11865,30068,99874,77375,45074,85377,09170,62075,93476,63679,17582,831

* 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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