Apeejay Surrendra Park Hotels Ltd

Apeejay Surrend. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Apeejay Surrendra Park Hotels Ltd

₹ 146 3.28%
21 Nov - close price
theparkhotels.com BSE: 544111 NSE: PARKHOTELS
About

Incorporated in 1987, Apeejay Surrendra Park Hotels Limited is engaged in the hospitality business operating under the brand names of "THE PARK", "THE PARK Collection", "Zone by The Park", "Zone Connect by The Park" and "Stop by Zone"[1]

Key Points

Leading Hospitality Company[1] Among hotel chains with asset ownership, they rank as the eighth largest in India in terms of chain-affiliated hotel room inventory as of September 30, 2023. Of the 45,800 rooms owned by chained affiliated hotels across the country, the Company comprises about 1,300 rooms constituting 2.80% of the total inventory.

Website BSE NSE
  • Market Cap ₹ 3,107 Cr.
  • Current Price ₹ 146
  • High / Low ₹ 235 / 138
  • Stock P/E 44.6
  • Book Value ₹ 57.2
  • Dividend Yield 0.00 %
  • ROCE 12.3 %
  • ROE 7.57 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 41.3% CAGR over last 5 years

Cons

  • Stock is trading at 2.55 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.41% over last 3 years.
  • Company's cost of borrowing seems high

* 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 IPO BSE Allcap BSE Consumer Discretionary Nifty Total Market BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
135 139 125 130 152 149 130 137
86 94 87 87 99 97 93 97
Operating Profit 49 45 38 43 54 52 37 40
OPM % 36% 32% 30% 33% 35% 35% 29% 29%
2 -1 1 6 4 0 4 16
Interest 19 12 16 17 18 15 3 3
Depreciation 9 16 11 12 14 12 13 13
Profit before tax 23 16 11 21 27 26 24 39
Tax % 26% 26% 32% 32% 3% 30% 108% 29%
17 12 8 14 26 18 -2 27
EPS in Rs 0.99 0.68 0.44 0.81 1.48 0.85 -0.09 1.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
416 415 175 243 492 555 568
334 333 159 199 332 370 385
Operating Profit 82 82 15 44 160 186 183
OPM % 20% 20% 9% 18% 32% 33% 32%
10 11 -9 10 14 13 24
Interest 50 51 56 59 62 65 39
Depreciation 30 33 36 38 47 48 52
Profit before tax 13 8 -85 -43 64 85 116
Tax % 19% -195% -12% -31% 26% 22%
11 23 -75 -30 48 66 70
EPS in Rs 6.08 1.34 -4.29 -1.71 2.73 3.08 3.53
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 47%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: 41%
3 Years: 46%
TTM: 37%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 4%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 17 17 17 17 17 21 21
Reserves 571 593 519 490 536 1,172 1,200
441 552 608 646 610 93 132
134 160 121 106 181 168 184
Total Liabilities 1,163 1,323 1,265 1,259 1,345 1,454 1,537
1,065 1,163 1,146 1,131 1,182 1,205 1,136
CWIP 31 28 27 29 32 41 62
Investments 0 0 0 0 0 0 15
67 131 92 100 132 209 325
Total Assets 1,163 1,323 1,265 1,259 1,345 1,454 1,537

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
102 100 26 53 172 162
-60 -97 -24 -19 -41 -103
-47 3 -5 -34 -124 -36
Net Cash Flow -4 6 -3 -0 7 23

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23 18 37 26 18 21
Inventory Days 73 103
Days Payable 217 398
Cash Conversion Cycle -121 18 37 -269 18 21
Working Capital Days -77 -72 -196 -37 -52 -18
ROCE % 6% -1% 1% 11% 12%

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024
68.14% 68.14% 68.14%
5.08% 4.66% 5.58%
16.42% 15.19% 14.14%
10.35% 12.00% 12.13%
No. of Shareholders 45,76344,09741,951

* 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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