Is Mahindra Holidays & Resorts India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahindra Holidays & Resorts India Ltd is a good quality company .

Is Mahindra Holidays & Resorts India undervalued or overvalued?

The key valuation ratios of Mahindra Holidays & Resorts India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Mahindra Holidays & Resorts India share price return in the past 10 years?

Mahindra Holidays & Resorts India Ltd share price has appreciated 13.9% annually (CAGR) over the past ten years.

Is Mahindra Holidays & Resorts India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mahindra Holidays & Resorts India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Mahindra Holidays & Resorts India?

The latest standalone P/E ratio of Mahindra Holidays & Resorts India as of 18-Apr-2024 is 44.74.

What is the P/B ratio of Mahindra Holidays & Resorts India?

The latest standalone P/B ratio of Mahindra Holidays & Resorts India as of 18-Apr-2024 is 139.73.

What is the 52-week high and low of Mahindra Holidays & Resorts India?

The 52-week high of Mahindra Holidays & Resorts India is Rs. 469.80 and the 52-week low is Rs. 280.05.

Mahindra Holidays & Resorts India Ltd - Stock Valuation and Financial Performance

Name: Mahindra Holidays & Resorts India
Brand: Mahindra Holidays & Resorts India

BSE: 533088 | NSE: MHRIL | Hotel, Resort & Restaurants | Small Cap

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Mahindra Holi.&Resor Share Price

₹397.95 4.00 1.02%
as on 18-Apr'24 16:01

10 Year X-Ray of Mahindra Holi.&Resor:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	4.9%	4.6%	8.5%	22.2%	19.7%	13%	-39.1%	55.5%	38.4%	25%	-
Value Creation Index ⓘ	-0.7	-0.7	-0.4	0.6	0.4	-0.1	NA	3.0	1.7	0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	778	795	952	1,073	1,064	918	977	822	961	1,196	1,281
Sales YoY Gr.	-	2.2%	19.7%	12.8%	-0.8%	-13.7%	6.4%	-15.8%	16.8%	24.5%	-
Adj EPS ⓘ	4.7	4.8	5.7	6.7	6.7	3.3	-5.4	6.4	7.7	6.9	8.8
YoY Gr.	-	1.1%	19.8%	16.2%	0.3%	-51.1%	-264.8%	NA	21.4%	-10.1%	-
BVPS (₹) ⓘ	39.9	36.9	29.8	33.6	37.8	-22.8	-28.9	-22.6	-14.7	-6.1	2.8
Adj Net Profit ⓘ	93.8	94.9	114	132	133	65.3	-107	127	154	139	179
Cash Flow from Ops. ⓘ	31.8	269	116	266	332	301	331	267	356	413	-
Debt/CF from Ops. ⓘ	43.9	5.6	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.9%	2.4%	7%	24.5%
Adj EPS ⓘ	4.3%	0.7%	NA	-10.1%
BVPSⓘ	-181.2%	-169.5%	NA	NA
Share Price	13.9%	19.9%	44.5%	38.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	13.2	12.5	17.2	20.9	18.5	12.3	-45.4	49.6	34.3	21.3	-537.4
Op. Profit Mgn % ⓘ	21.3	23.8	24.9	24	23	12.4	19.3	25.5	25.4	23.4	23
Net Profit Mgn % ⓘ	12.1	11.9	11.9	12.3	12.5	7.1	-11	15.4	16.1	11.7	13.9
Debt to Equity ⓘ	1.8	2.1	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	698	766	619	546	583	930	1,108	1,305	1,076	897	291
Cash Conv. Cycle ⓘ	237	278	222	192	221	288	303	315	197	159	134

Recent Performance Summary

Sales growth is good in last 4 quarters at 12.11%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 6.98%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Mahindra Holidays & Resorts India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	8.8	4.4
TTM Sales (₹ Cr.)	1,281	2,616
BVPS (₹.) ⓘ	2.8	-24
Reserves (₹ Cr.) ⓘ	-145	-687
P/BV ⓘ	139.73	-16.46
PE ⓘ	44.74	89.17

From the Market
52 Week Low / High (₹)	280.05 / 469.80
All Time Low / High (₹)	81.33 / 469.80
Market Cap (₹ Cr.)	7,988
Equity (₹ Cr.)	202
Face Value (₹)	10
Industry PE ⓘ	60.3

Management X-Ray of Mahindra Holi.&Resor:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mahindra Holi.&Resor

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Mahindra Holi.&Resor

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	778	795	952	1,073	1,064	918	977	822	961	1,196
Operating Expenses ⓘ	612	607	715	818	820	807	790	614	721	917
Manufacturing Costs	91	94	106	107	103	111	110	71	92	136
Material Costs	22	26	33	34	35	33	35	19	31	47
Employee Cost	162	162	195	225	243	248	273	243	249	302
Other Costs ⓘ	337	325	382	451	439	414	373	282	349	432
Operating Profit ⓘ	165	188	237	255	244	111	187	208	240	279
Operating Profit Margin (%)	21.3%	23.7%	24.9%	23.8%	22.9%	12.1%	19.1%	25.3%	24.9%	23.3%
Other Income ⓘ	21	13	12	17	30	45	60	87	110	109
Interest ⓘ	7	9	10	11	12	5	21	21	26	35
Depreciation ⓘ	38	65	71	61	55	51	102	104	120	139
Exceptional Items ⓘ	0	-22	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	141	105	168	201	207	100	124	169	204	214
Tax ⓘ	47	26	54	70	73	36	232	44	52	55
Profit After Tax	95	79	114	131	134	64	-108	126	151	159
PAT Margin (%)	12.2%	9.9%	11.9%	12.2%	12.6%	7.0%	-11.1%	15.3%	15.7%	13.3%
Adjusted EPS (₹)	4.8	4.0	5.7	6.6	6.8	3.2	-5.4	6.3	7.6	7.9
Dividend Payout Ratio (%)	37%	45%	39%	34%	40%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	790	731	591	666	753	284	161	319	546	723
Share Capital ⓘ	88	88	88	88	133	133	133	133	200	201
Reserves ⓘ	702	643	503	578	621	151	28	186	346	522
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,396	1,515	0	0	0	0	0	0	0	0
Long Term Debt	1,393	1,509	0	0	0	0	0	0	0	0
Short Term Debt	3	6	0	0	0	0	0	0	0	0
Trade Payables	116	114	126	121	127	164	178	195	218	215
Others Liabilities ⓘ	309	354	1,951	2,179	2,394	4,952	5,608	5,175	5,337	5,661
Total Liabilities ⓘ	2,611	2,714	2,668	2,966	3,274	5,400	5,947	5,688	6,101	6,599
Fixed Assets
Gross Block	864	1,050	1,248	1,278	1,295	2,267	2,579	2,843	3,210	3,479
Accumulated Depreciation	174	254	330	383	437	467	566	668	765	885
Net Fixed Assetsⓘ	690	796	918	895	858	1,799	2,013	2,176	2,445	2,594
CWIP ⓘ	52	56	26	48	90	196	216	110	115	137
Investmentsⓘ	159	151	138	181	544	411	492	162	381	650
Inventories	10	5	6	6	6	6	5	5	6	6
Trade Receivables	843	870	833	901	970	1,059	1,188	915	907	940
Cash Equivalents	39	17	26	168	25	27	206	343	383	114
Others Assetsⓘ	819	819	720	768	781	1,902	1,827	1,979	1,865	2,159
Total Assets ⓘ	2,611	2,714	2,668	2,966	3,274	5,400	5,947	5,688	6,101	6,599

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	32	269	116	266	332	301	331	267	356	413
PBT ⓘ	141	127	168	201	207	100	124	169	204	214
Adjustment ⓘ	19	54	67	74	31	13	63	36	46	68
Changes in Working Capital ⓘ	-88	128	-68	59	169	259	207	66	49	129
Tax Paid ⓘ	-40	-40	-51	-68	-76	-72	-62	-4	58	2
Cash Flow From Investing Activity ⓘ	-89	-259	-8	-83	-415	-236	-278	-226	-261	-379
Capex	-92	-141	-94	-73	-78	-147	-110	-100	-127	-156
Net Investments	31	-45	0	-42	-350	-78	-182	-161	-163	20
Others ⓘ	-28	-72	85	32	13	-10	15	35	28	-243
Cash Flow From Financing Activityⓘ	64	-38	-49	-53	-48	-62	-65	-36	-58	-73
Net Proceeds from Shares ⓘ	106	0	0	0	6	2	0	0	7	13
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	0	0	0	0	0	-16	-13	-21	-29
Dividend Paid ⓘ	-36	-36	0	0	0	-64	0	0	0	0
Others ⓘ	-5	-3	-49	-53	-53	0	-49	-23	-43	-57
Net Cash Flow ⓘ	7	-28	58	129	-131	2	-12	5	37	-40

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	13.28	10.39	17.19	20.8	18.93	42.6	0	0	0	0
ROCE (%)	7.3	5.12	12.53	33.53	30.5	65.02	0	0	0	0
Asset Turnover Ratio	0.32	0.3	0.35	0.38	0.34	0.21	0.17	0.14	0.16	0.19
PAT to CFO Conversion(x)	0.34	3.41	1.02	2.03	2.48	4.7	N/A	2.12	2.36	2.6
Working Capital Days
Receivable Days	345	394	327	295	321	403	420	467	346	282
Inventory Days	4	3	2	2	2	2	2	2	2	2
Payable Days	1,600	1,592	1,334	1,322	1,305	1,608	1,767	3,658	2,415	1,666

Mahindra Holidays & Resorts India Ltd Stock News

Mahindra Holidays & Resorts India Ltd FAQs

What is the share price of Mahindra Holi.&Resor?

Company share prices are keep on changing according to the market conditions. The closing price of Mahindra Holi.&Resor on 18-Apr-2024 16:01 is ₹397.9.

What is the market cap of Mahindra Holi.&Resor?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Apr-2024 16:01 the market cap of Mahindra Holi.&Resor stood at ₹7,988.2.

What is the P/E ratio of Mahindra Holi.&Resor?

The latest P/E ratio of Mahindra Holi.&Resor as of 18-Apr-2024 16:01 is 44.74.

What is the P/B ratio of Mahindra Holi.&Resor?

The latest P/B ratio of Mahindra Holi.&Resor as of 18-Apr-2024 16:01 is 139.7.

What is the 52-week high and low of Mahindra Holi.&Resor?

The 52-week high of Mahindra Holi.&Resor is ₹469.8 and the 52-week low is ₹280.1.

What is the TTM revenue of Mahindra Holi.&Resor?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahindra Holi.&Resor is ₹1,281 ( Cr.) .

About Mahindra Holidays & Resorts India Ltd

Mahindra Holidays & Resorts India Ltd (MHRIL), a part of leisure and hospitality sector of the Mahindra Group, offers quality family holidays primarily through vacation ownership memberships and brings to the industry values such as reliability, trust and customer satisfaction. Started in 1996, the company's flagship brand ‘Club Mahindra’, today has many members, who can holiday at various resorts in India and abroad.

Mahindra Holidays & Resorts India Limited is part of Mahindra Group. The Mahindra Group enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume. It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development.

Products and services offered by the company

Resorts in India
Resorts in International

Business area of the company

Mahindra Holidays & Resorts India, a part of Leisure and Hospitality sector of the Mahindra Group, offers quality family holidays primarily through vacation ownership memberships and brings to the industry values such as reliability, trust and customer satisfaction.
Awards

2016

Tripadvisor Travellers’ Choice Award for Club Mahindra Madikeri, Coorg and Club Mahindra Munnar awarded the ‘Best Hotels for Families in India.’
Best Hotel for Families, Asia for Club Mahindra Madikeri, Coorg awarded ‘The Best Hotel for Families, Asia.’

2017

India’s Favourite Resort Chain for Mahindra Holidays voted India’s Favourite Resort Chain at the HolidayIQ Awards.
CSR Leadership Award for Mahindra Holidays won the ET NOW Rise with India- CSR Leadership Award for ‘Regulation of Corporate and Environmental Behaviour 2017-2018.’
Significant achievement in HR Excellence for Mahindra Holidays recognized by the 8th CII National HR Excellence Award 2017 for ‘Significant Achievement in HR Excellence’ with additional ‘Special Recognition for Learning & Development.’
Best 50 Companies for Mahindra Holidays is among the ‘Best 50 Companies’ according to the People Capital Index 2017, a reflection of its employee satisfaction efforts.
Golden Peacock Award for Mahindra Holidays bestowed with the prestigious ‘Golden Peacock Award for Sustainability, 2017.’

2018

Great Place To Work- Certified for Mahindra Holidays is amongst the ‘India’s 100 Best Places to Work for 2018.’

2019

Most Popular Resort Chain for Club Mahindra recognized as the 'Most Popular Resort Chain' by the prestigious Times Travel Awards.
Great Place to Work Top 100 for Mahindra Holidays & Resorts is ranked among India's Best 100 Companies to Work For 2020

2020

Tripadvisor Travellers' Choice for 29 Club Mahindra resorts 2020.
Top 25 Hotels for Families for Club Mahindra Kanatal at Tripadvisor Travellers' Choice Awards 2020.
Top 25 Hotels for Families for Club Mahindra Varca at Tripadvisor Travellers' Choice Awards 2020.
Top 25 Hotels for Families for Club Mahindra Emerald Palms at Tripadvisor Travellers' Choice Awards 2020.
Top 25 Hotels for Families for Club Mahindra Mashobra at Tripadvisor Travellers' Choice Awards 2020.

Milestones

1996: Incorporation of Mahindra Holidays & Resorts India Limited
1997: Launched the first individual product “Club Mahindra Holidays Unlimited”
1997: Acquired land at Varca Village, Goa
1998: First resort opened at Munnar
1998: MMJ Resorts and Holidays Private Limited was amalgamated into the Company with effect from April 1, 1998 pursuant to Madras High Court order dated April 23, 1999
1999: Second resort opened at Goa
2000: Acquired land in Binsar
2001: Opened resort at Manali
2001: Corbett resort opened
2001: Mahindra Sega Entertainment Corporation Ltd was amalgamated into the Company with effect from April 1, 2001 pursuant to Madras High Court order dated April 30, 2002
2002: Acquired land in Coorg
2003: First Club Mahindra Holiday World opened in Chennai
2004: Number of vacation ownership members was 20,536
2005: Entered into long-term lease for an international resort in Pattaya, Thailand
2005: Acquired land in Lonavala
2005: Acquired land in Puducherry (formerly Pondicherry)
2005: Club Mahindra Kodagu Valley resort was opened in Coorg, Karnataka
2005: Number of vacation ownership members was 28,491
2006: Launched “Zest”, a product to cater to short break holiday needs
2006: Acquired a resort in Manali
2006: Launched “Club Mahindra Fundays”
2006: Invested in Ashtamudi Resorts Private Limited
2006: Number of vacation ownership members was 38,691
2007: Entered into long-term lease for a resort at Auli
2007: Opening of Club Mahindra Backwater Retreat at Ashtamudi
2007: Number of vacation ownership members was 53,101
2007: Launched clubmahindra.travel, the travel related services
2008: Club Mahindra Dancing Waters, Naukuchiyatal taken on lease
2008: Acquisition of Club Mahindra Tusker Trails, Thekkady
2008: MHRIL and the Kerala Government entered into a strategic alliance for a period of 5 years to develop, promote and market homestays overseas and in India
2008: Mahindra Homestays Launched
2008: Zest @ Casa Deep Woods, Masinagudi taken on lease
2008: Club Mahindra.travel received International Air Transport Association accreditation
2008: Launched Zest @ Big Beach, Puduchery, first signature resort for Zest
2009: Club Mahindra.travel was approved as an “ACTIVE” Member of Travel Agents Association of India for the year 2009-10
2009: Club Mahindra Whispering Pines, Mashobra taken on lease
2009: Number of vacation ownership members was 92,825
2011: Launches Club Mahindra Emerald Palms.
2012: Club Mahindra acquires Royal Courts Jaisalmer, Launches Club Mahindra, Jaisalmer.Mahindra Holidays & Resorts India buys M/s. Gables Promoters.Mahindra Holidays acquires new resort near Shimla.Mahindra Holidays acquires 49% in IHGCL; adds new resort in Bangkok.
2013: Mahindra Holidays unveils New Brand Identity for its flagship Brand Club Mahindra.
2014: Mahindra Holidays acquires new 60 room resort in Manali
2014: Mahindra Holidays buy CHPLs resort in Manali
2015: Mahindra Holidays launches its first resort in Kanha, MP
2015: Visionsbolaget becomes subsidiary of Mahindra Holidays
2017: CII and Mahindra Holidays Tie up with Schools for “Phenk Mat Mumbai” Campaign to create awareness on anti-littering.
2017: CII and Mahindra Holidays Tie up with Schools for “Phenk Mat Mumbai” Campaign to create awareness on anti-littering
2018: Club Mahindra Launches ‘Bliss’ for Senior Citizens.
2020: Mahindra Holidays’ arm acquires balance 49% stake in Holiday Club Sport and Spa Hotels AB
2020: Mahindra Holidays acquires strategic minority stake in Great Rocksport