TajGVK Hotels & Resorts Ltd

TajGVK Hotels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TajGVK Hotels & Resorts Ltd

₹ 324 5.44%
04 Nov - close price
tajgvk.in BSE: 532390 NSE: TAJGVK
About

TajGVK Hotels & Resorts Limited, incorporated in 1995, is a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL). The Company is engaged in the business of owning, operating & managing hotels, palaces, and resorts under the brand name of “TAJ”[1][2]

Key Points

Hotel Operator
The company is a JV between Hyderabad-based GVK Group and The Indian Hotels Company Ltd(IHCL). IHCL is a TATA enterprise that operates the largest chain of hotels in South Asia. It also manages the operations of all the 6 properties under the company. IHCL is a promoter with a 25.52% stake in the company as of Jun 24. [1][2][3]

Website BSE NSE
  • Market Cap ₹ 2,029 Cr.
  • Current Price ₹ 324
  • High / Low ₹ 423 / 214
  • Stock P/E 24.6
  • Book Value ₹ 90.2
  • Dividend Yield 0.46 %
  • ROCE 18.8 %
  • ROE 14.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 25.4% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12.4% 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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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
56 82 64 86 89 105 104 92 89 111 116 93 105
42 53 51 56 58 72 78 65 68 71 75 66 76
Operating Profit 14 29 13 30 31 33 25 26 22 40 41 27 29
OPM % 24% 35% 20% 35% 35% 31% 24% 29% 24% 36% 35% 29% 28%
0 0 1 1 25 0 3 0 1 1 1 2 2
Interest 5 4 5 4 4 4 4 3 3 3 3 2 3
Depreciation 4 4 4 4 4 4 4 4 4 3 3 3 3
Profit before tax 5 20 5 23 48 26 21 19 16 35 35 23 26
Tax % 29% 39% 49% 30% 34% 33% 30% 32% 30% 30% 26% 44% 24%
4 12 3 16 32 17 14 13 11 24 26 13 20
EPS in Rs 0.59 1.99 0.43 2.55 5.12 2.76 2.30 2.11 1.78 3.86 4.12 2.03 3.13
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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
253 244 248 270 264 288 317 313 94 227 384 408 425
192 192 199 207 206 217 248 238 96 175 265 278 288
Operating Profit 61 51 49 63 58 72 69 74 -2 52 119 130 137
OPM % 24% 21% 20% 23% 22% 25% 22% 24% -2% 23% 31% 32% 32%
-0 5 2 2 8 3 7 1 3 1 29 2 6
Interest 22 23 28 31 29 25 22 23 20 19 15 13 11
Depreciation 25 25 25 18 18 17 17 17 17 16 15 14 13
Profit before tax 14 9 -2 15 19 32 38 36 -36 19 118 105 118
Tax % 35% 43% 8% 46% 44% 34% 36% 34% -27% 47% 32% 29%
9 5 -2 8 10 21 24 24 -26 10 80 74 82
EPS in Rs 1.40 0.79 -0.31 1.31 1.66 3.35 3.88 3.80 -4.22 1.58 12.73 11.87 13.14
Dividend Payout % 36% 25% 0% 31% 24% 18% 15% 0% 0% 0% 8% 13%
Compounded Sales Growth
10 Years: 5%
5 Years: 5%
3 Years: 63%
TTM: 9%
Compounded Profit Growth
10 Years: 36%
5 Years: 25%
3 Years: 69%
TTM: 47%
Stock Price CAGR
10 Years: 12%
5 Years: 13%
3 Years: 30%
1 Year: 40%
Return on Equity
10 Years: 6%
5 Years: 8%
3 Years: 12%
Last Year: 15%

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 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 332 336 334 343 350 368 388 399 372 382 462 530 553
228 232 286 270 255 227 197 209 225 214 141 108 91
81 86 95 106 121 140 122 122 113 123 155 162 175
Total Liabilities 654 667 727 731 738 748 719 743 723 731 770 812 831
448 430 408 454 440 427 416 436 423 409 455 442 436
CWIP 42 57 75 70 77 81 92 91 87 86 43 79 95
Investments 45 51 110 110 110 110 110 110 110 110 110 110 110
119 129 134 96 111 130 101 106 102 127 162 181 190
Total Assets 654 667 727 731 738 748 719 743 723 731 770 812 831

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
34 61 54 62 61 75 59 75 5 53 100 124
-39 -37 -78 -17 -11 -8 -16 -3 -0 1 -17 -37
5 -24 24 -45 -47 -55 -56 -66 -2 -31 -79 -52
Net Cash Flow 0 0 -1 0 2 11 -13 6 3 23 4 35

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 11 14 19 18 16 24 21 18 37 15 22 17
Inventory Days 119 120 93 106 99 79 90 228 107 77 72
Days Payable 260 336 383 565 721 453 490 1,580 784 703 739
Cash Conversion Cycle -131 -202 -272 18 -443 -597 -353 -382 -1,316 -662 -605 -650
Working Capital Days -35 -47 -28 -43 -66 -79 -60 -48 -95 -42 -4 -18
ROCE % 7% 5% 4% 7% 7% 9% 10% 10% -3% 6% 22% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.98% 74.98% 74.98% 74.98%
0.45% 0.40% 0.25% 0.40% 0.52% 0.33% 0.93% 0.94% 0.80% 0.70% 0.82% 0.76%
1.83% 2.12% 3.24% 3.58% 4.42% 4.22% 4.27% 3.60% 3.46% 2.96% 2.69% 1.44%
22.73% 22.49% 21.53% 21.03% 20.08% 20.44% 19.80% 20.47% 20.75% 21.34% 21.49% 22.80%
No. of Shareholders 64,03861,40562,65761,49059,90360,80661,20166,23567,31477,57984,41186,677

* 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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