Date: 15-06-2009

Indian Hotels Company Ltd (IHCL) will will pick up an 85 per cent stake in ELEL, the company which holds a long-term sub-lease of the land on which Sea Rock is built. IHCL will demolish Sea Rock and develop a hospitality structure, which would also house a convention centre, besides commercial and retail outlets. It also has plans to integrate the site with Taj Lands End in Bandra. The acquisition is with an option to further raise the stake to 100 per cent. The hotel is not fully functional after the 1993 bomb blasts.

 

The funds for the project would come from the Rs 1,400-crore rights issue made last year and also from the liquidity in the system, according to Mr Anil Goel, Chief Financial Officer, Indian Hotels.

 

Pursuant to the terror attacks in Mumbai, the performance of the industry was severely impacted because of slowdown in business in all key markets during the latter part of the year, which is traditionally the peak period.crackcrack
Latest Financials

Latest Financials

 - The Indian Hotels Company Ltd.

  Standalone Consolidated
TTM EPS (Rs) 2.22 2.41
TTM Sales (Rs. Cr.) 2,780 4,512
BVPS (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
37.7 36.56
Reserves (Rs. Cr.)
The term reserve represents a part of shareholders' equity, except for basic share capital. Reserves are created from retained earnings and shareholders' contributions in the form of share premium etc.
4,365 4,229
P/BV
Price to Book Value is the ratio of stock's market value to its book value. It gives some idea of whether investors are paying too much for what would be left if the company went bankrupt immediately. To get high returns, it is advisable to invest in a company which satisfies all the criteria set by MoneyWorks4me and which has low price to book value ratio.
3.81 3.93
PE
It is the ratio of market price and earnings per share. It shows what the market is willing to pay for the company's earnings. To get high returns it is advisable to invest in the company which satisfies all the criteria set by MoneyWorks4me and which has low price to earnings ratio as compared to the industry.
64.74 59.52
From the Market
52 Week High / Low (Rs) 164.10/110.00
All Time High / Low (Rs) 164.10/9.96
Volume Traded 24,745
Market Cap (Rs. Cr.) 17,072
Equity (Rs. Cr.) 118.93
Face Value (Rs) 1
Industry PE
Industry price to earnings per share tells on an average, what the market is willing to pay for overall earnings in that industry. It can be used as a benchmark price to earnings ratio for the companies in that industry.
48.18
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