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 3.19%
21 Nov 4:00 p.m.
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 44.0
  • Book Value ₹ 57.4
  • Dividend Yield 0.00 %
  • ROCE 12.6 %
  • ROE 7.88 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 44.0% CAGR over last 5 years

Cons

  • Stock is trading at 2.54 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 4.66% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
140 144 131 135 159 156 135 142
90 99 91 91 103 102 97 100
Operating Profit 51 45 40 44 56 54 39 42
OPM % 36% 31% 30% 33% 35% 34% 29% 29%
2 -1 0 7 5 0 3 15
Interest 19 12 16 17 18 15 3 4
Depreciation 9 16 12 12 14 13 14 14
Profit before tax 25 15 12 21 29 26 25 39
Tax % 24% 29% 33% 31% 4% 30% 108% 31%
19 11 8 15 27 18 -2 27
EPS in Rs 1.07 0.61 0.46 0.85 1.57 0.86 -0.09 1.25
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
383 421 179 255 510 579 591
308 336 167 209 347 386 402
Operating Profit 75 85 12 46 163 193 190
OPM % 20% 20% 7% 18% 32% 33% 32%
4 8 -4 12 14 12 23
Interest 42 50 57 60 62 66 40
Depreciation 31 31 38 40 49 51 54
Profit before tax 7 12 -87 -42 65 89 119
Tax % 218% 20% -13% -33% 27% 22%
-8 10 -76 -28 48 69 71
EPS in Rs -4.56 5.58 -4.34 -1.61 2.75 3.22 3.59
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 48%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 44%
3 Years: 46%
TTM: 35%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 5%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 17 17 17 17 17 21 21
Reserves 564 570 519 491 538 1,177 1,204
477 487 616 654 617 100 138
150 161 129 113 189 178 193
Total Liabilities 1,209 1,235 1,280 1,275 1,362 1,476 1,557
1,070 1,078 1,157 1,142 1,192 1,218 1,149
CWIP 23 31 27 29 35 57 105
Investments 3 0 0 0 0 0 15
112 126 96 104 135 201 288
Total Assets 1,209 1,235 1,280 1,275 1,362 1,476 1,557

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024
60 99 27 58 176 168
-37 -61 -25 -22 -42 -101
-18 -42 -5 -37 -126 -40
Net Cash Flow 4 -4 -4 -1 8 28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 24 40 27 19 21
Inventory Days 103 74
Days Payable 198 229
Cash Conversion Cycle -69 -132 40 27 19 21
Working Capital Days 1 9 -83 -41 -53 -20
ROCE % 6% 2% 11% 13%

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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