MoneyWorks4Me

EIH Ltd (EIHOTEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500840 NSE: EIHOTEL Hotel, Resort & Restaurants | Small Cap | EIH Share Price

₹305.05 -4.25 (-1.37%)

As on 22-Sep'26 13:27

EIH Ltd (EIHOTEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500840 NSE: EIHOTEL Hotel, Resort & Restaurants | Small Cap | EIH Share Price

₹305.05 -4.25 (-1.37%)

As on 22-Sep'26 13:27

Key Metrics
Valuation Multiples
Market Cap
₹19,343 Cr.
Current Price
₹305.1
52-Week Low / High
₹271 / 415
TTM EPS
₹11.4
TTM Sales
₹3,023 Cr.
Book Value per Share
₹86
P/E Ratio
27.18
Lower than its 5-year historical median
Industry PE
40
Price to Book (P/B)
3.60
Lower than its 5-year historical median
Price to Sales (P/S)
6.40
Lower than its 5-year historical median
EV/EBITDA
15.31
Lower than its 5-year historical median
Dividend Yield
0.49%
Profitability Efficiency
Return on Equity (ROE)
13.31%
Outperforms industry median
Return on Capital Employed (ROCE)
19.68%
Outperforms industry median
Return on Assets (ROA)
10.22%
Operating Profit Margin
34.9%
Net Profit Margin
22.36%
Gross Profit Margin
39.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
9.88%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.88%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-14.63%
Asset Quality
Promoter Holding
32.85%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5,253 Cr.
Equity
₹125.1 Cr.
Face Value
₹2
All Time Low / High
₹2.03 / 566.00

EIH stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is EIH Ltd a good quality company?
EIH Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does EIH Ltd performance compare with that of its Peers?
Q.1 Revenue growth of EIH Ltd vs industry peers?
EIH Ltd revenue CAGR is 42.89%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of EIH Ltd?
Promoters hold 32.85% of the EIH Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of EIH Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
EIH Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 5.1%6.3%6.4%4.8%-12.3%-3.1%14.8%21%25%18%-
Value Creation
Index
-0.6-0.5-0.5-0.7-1.9-1.20.10.90.90.3-

Growth Parameters

Sales 1,2761,3501,5431,3504338611,7742,1932,4002,6372,718
Sales YoY Gr.-5.8%14.3%-12.5%-68%99%106%23.7%9.4%9.9%-
Adj EPS 1.721.82.1-5.5-2.55.69.21110.110.1
YoY Gr.-16.8%-7.7%18.9%-356.1%NANA64.1%19.3%-8.6%-
BVPS (₹) 43.948.34950.146.844.949.957.167.97577
Adj Net
Profit
97.5114105125-342-156352578689630629
Cash Flow from Ops. 198215212252-123-31.7528663732832-
Debt/CF from Ops. 1.522.31.7-2.3-10.50.1000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.4%43.5%14.1%9.9%
Adj EPS 22.1%NA21.4%-8.6%
BVPS6.1%9.9%14.6%10.5%
Share Price 11.1% 21.5% 9.3% -22%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
3.64.13.74.3-11.7-5.411.917.317.614.113.2
Op. Profit
Mgn %
15.216.520.715.9-63.2-2.131.935.93333.733
Net Profit
Mgn %
7.68.46.89.2-79.1-18.119.926.428.723.923.2
Debt to
Equity
0.10.20.20.10.10.10000-
Working Cap
Days
25724322222751623412812513413387
Cash Conv.
Cycle
147-0466-10-20-25-29-2952

Valuation of EIH - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,5271,5981,8111,5964949852,0192,5112,7432,940
Operating Expenses + 1,2661,3001,4081,3197779871,4211,5841,8121,916
Manufacturing Costs290294323322198251376449476482
Material Costs22322524419973133192228247276
Employee Cost 431461481469345374431492545607
Other Costs 322319360328160229422416544551
Operating Profit 261299402278-283-15979279321,024
Operating Profit Margin (%) 17.1%18.7%22.2%17.4%-57.4%-0.1%29.6%36.9%34.0%34.8%
Other Income + 901067291535978115222166
Exceptional Items -380-73-0-255-69-7-28-132
Interest 18235056413536192123
Depreciation 128117133146129124126131134143
Profit Before Tax 178281231166-464-824649171,028949
Tax 6086821-1012125240258291
Profit After Tax 118196149165-363-84339678770657
PAT Margin (%) 7.8%12.3%8.2%10.4%-73.6%-8.5%16.8%27.0%28.1%22.4%
Adjusted EPS (₹)1.83.12.32.6-5.9-1.65.010.211.810.1
Dividend Payout Ratio (%)49.90%28.70%39.10%0%0%0%21.90%11.70%12.70%14.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,7812,8832,9933,1373,1043,0273,3753,9404,6135,262
Share Capital 114114114114125125125125125125
Reserves 2,6662,7682,8793,0222,9792,9023,2493,8144,4885,137
Debt +33143350042127727336000
Long Term Debt21429327523425516536000
Short Term Debt117140225187221071000
Minority Interest567089100949797147131147
Trade Payables172193230208179165304264277311
Others Liabilities 4035435106584776135929431,0711,052
Total Liabilities 3,7424,1224,3224,5234,1324,1754,4045,2936,0926,772

Fixed Assets

Net Fixed Assets +2,0922,5482,5182,8982,7822,7532,7732,7903,0503,790
Gross Block2,3432,9012,9913,4983,5043,1543,2733,3623,7184,565
Accumulated Depreciation251354473600722401500573668776
CWIP 321148791301695596170308219
Investments 288327428459411365384448548656
Inventories50516061514964626064
Trade Receivables18122424820678116224200239257
Cash Equivalents 156176241229206261459641912934
Others Assets 654649748539435577404983976854
Total Assets 3,7424,1224,3224,5234,1324,1754,4045,2936,0926,772
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 243272282317-139-19614712825993
PBT 178281231166-464-824649171,028949
Adjustment 150762241681931211241142679
Changes in Working Capital -30-20-844148-5284-149-37207
Tax Paid -55-66-88-21-13-4-51-170-192-242
Cash Flow From Investing Activity + -269-318-232-163-5324-298-541-372-1,057
Capex -257-309-140-135-7132-137-217-479-691
Net Investments -41-46-124-70-17-43-245-3909-471
Others 293731423435846698105
Cash Flow From Financing Activity + -445-19-18417020-299-167-113-141
Net Proceeds from Shares 000035000009
Net Proceeds from Borrowing 110120-44-2233-35-170-3600
Interest Paid -30-40-51-43-31-23-27-15-15-14
Dividend Paid -16-51-58-58-0-0-0-77-83-106
Others -6917134-61-18179-101-39-15-31
Net Cash Flow -30-131-31-2325173341-205
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.657.185.075.39-11.64-2.7410.618.531813.31
ROCE (%)6.819.648.126.19-11.97-1.3914.7125.4124.5419.68
Asset Turnover Ratio0.420.410.430.360.110.240.470.520.480.46
PAT to CFO Conversion(x)2.061.391.891.92N/AN/A1.811.051.071.51
Working Capital Days
Receivable Days45.7046.2047.6051.90104.8035.8030.7030.8029.2030.80
Inventory Days11.9011.5011.2013.8041.5018.5010.209.108.107.70
Payable Days270.80295.10315.40400.60964.90472.80445.20454400.30388.80

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Announcements

EIH Ltd FAQs

The current trading price of EIH on 22-Sep-2026 13:27 is ₹305.1.

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 21-Sep-2026 the market cap of EIH stood at ₹19,342.5 Cr

The latest P/E ratio of EIH as of 21-Sep-2026 is 30.74.

The latest P/B ratio of EIH as of 21-Sep-2026 is 4.02.

The 52-week high of EIH is ₹414.9 and the 52-week low is ₹271.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of EIH is ₹2,718 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that EIH Ltd is a average quality company.

The key valuation ratios of EIH Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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

About EIH Ltd

EIH, the flagship company of The Oberoi Group, stands as a beacon of luxury and excellence in the Indian hospitality landscape. Established in May 1949 as a public limited company, EIH has consistently upheld its founding philosophy of prioritizing guests, which is reflected in its personalized service and unwavering commitment to excellence.

The Oberoi Group is the owner and operator of several hotels, resorts and a luxury River Nile cruiser in Egypt under the Oberoi Hotels & Resorts brand and some five-star properties under the Trident Hotels label. The company’s comprehensive range of services includes flight catering, airport lounges, travel and excursions, vehicle rentals, project management services and corporate air charters.

Oberoi Hotels & Resorts: In 1934, the late Rai Bahadur M.S. Oberoi introduced luxury hospitality to India with a fundamental principle that the guest is of utmost importance. This principle is embraced by all members of Oberoi Hotels & Resorts, managed by EIH. Its hotels are celebrated for their elegance, grandeur and personalized services, which ensure its guests have exceptional experiences and create unforgettable memories.

Trident Hotels: Trident Hotels are an ideal haven for both business and leisure travellers, offering a harmonious blend of modern comforts and personalised, dependable service. Thoughtfully designed to ensure ease and relaxation, every stay promises a smooth, stressfree experience tailored to individual needs.

Business area of the company

EIH is primarily engaged in owning and managing premium luxury hotels and cruisers under the luxury ‘Oberoi’ and ‘Trident’ brands. The company offers curated experiences, sustainable practices and exceptional service spanning flight catering, travel planning and airport lounges.

Awards and recognitions

2016

  • Oberoi Hotels & Resorts was voted the World’s Best Hotel Brand for the second consecutive year in the Travel + Leisure, World’s Best Awards Readers’ Survey, 2016.
  • The Oberoi Group was voted the best Hotel Group (India) in the Travel + Leisure, India and South Asia, India’s Best Awards, 2016.
  • Mr. P.R.S. Oberoi, Executive Chairman, The Oberoi Group was conferred with the ET Bengal Visionary Award by The Economic Times Bengal Corporate Awards, 2016.

2017

  • Oberoi Hotels & Resorts has been voted as the World’s Leading Luxury Hotel Brand for the sixth consecutive year by World Travel Awards, 2017.
  • Oberoi Hotels and Resorts was voted as the World’s Leading Luxury Hotel brand for the sixth consecutive year by the World Travel Awards, 2017.

2018

  • Oberoi Hotels & Resorts has won Best Business Hotel Brand in India by Business Traveller UK Reader Awards, 2018.

2019

  • Oberoi Hotels & Resorts has been voted the Best Hotel Group for the third consecutive year by Telegraph Travel Awards, UK - 2019, 2018 and 2017.
  • Oberoi Hotels & Resorts was voted Best Indian Hotel Group in the Travel + Leisure, India & South Asia India’s Best Awards, 2019.
  • Oberoi Hotels & Resorts was voted the Best Luxury Hotel Brand by Business Traveller UK Awards, 2019
  • Oberoi Hotels & Resorts was ranked second amongst the Best Hotel Brand in the World by Travel + Leisure, US, World’s Best Awards, 2019.

2020-21

  • Top 15 Asia City Hotels (Ranked 1st) – Travel+Leisure, US World’s Best Awards 2020.
  • Favourite Indian Hotel for design – Conde Nast Traveller, India Readers’ Travel Awards 2020.
2021-22

  • 2021 Travel + Leisure, India’s Best Awards- The Oberoi Group.
  • Oberoi Hotels & Resorts received the Editor’s Choice Award for the best safety and hygiene protocols in the industry and must experience in 2021 by Travel + Leisure, India’s Best Awards.
2022-23

  • Oberoi Hotels & Resorts: Best Hotel Brand in the World (Ranked 1st) - Travel + Leisure World’s Best Awards, 2022.
  • Oberoi Hotels & Resorts: Editor’s Choice for Best Hotel Brand for Service Excellence - Travel + Leisure India’s Best Awards, 2022.
2023-24

  • Oberoi Hotels & Resorts: Travel + Leisure, USA Hall of Fame 2023 - Travel + Leisure, World’s Best Award.
  • Oberoi Hotels & Resorts: Editor’s Choice for Best Hotel Brand for Service Excellence 2023 - Travel + Leisure, India’s Best Awards.
2024-25

  • Oberoi Hotels & Resorts ranked 2 Hotel Brand in the World by Travel + Leisure, USA World’s Best Awards, 2025.
  • The Oberoi Luxury Nile Cruisers ranked 1 River Cruise Lines in the World by Travel + Leisure, USA World’s Best Awards, 2025.

History and Milestones

  • 1949: EIH, promoted by Rai Bahadur Mohan Singh Oberoi, was incorporated as public limited company in May, 1949
  • 1956: The Equity shares of the Company were first listed on the BSE.
  • 1956: Took the Maharaja’s palace in Srinagar, Kashmir on lease and converted it into the Oberoi Palace Hotel.
  • 1957: Started the flight service business.
  • 1965: Commenced operations at The Oberoi Hotel, New Delhi.
  • 1968: By a scheme of merger approved by the Calcutta High Court, The Associated Hotels of India Limited and Hotels (1938) Private Limited merged into the Company. By virtue of the merger, the Company acquired The Oberoi Grand, Kolkata, Maidens Hotel, Delhi, The Oberoi Cecil, Shimla,
  • 1973: Commenced operations at The Oberoi Towers, Mumbai.
  • 1974: Established a printing press in Delhi primarily for the Company’s in-house needs.
  • 1979: Bonus issues of 1,337,745 new Equity shares of the Company of Rs. 10 each in the ratio of one new Equity share for every five equity shares held by the shareholders.
  • 1984: Bonus issues of 4,953,131 new Equity shares of the Company of Rs. 10 each in the ratio of two new Equity shares for every five equity shares held by the shareholders.
  • 1986: Made a foray into the airport service business by entering into a ten year contract with the International Airport’s Authority to operate all the snack bars and restaurants at the domestic and international terminals in Mumbai.
  • 1992: Bonus issues of 4,720,704 new Equity shares of the Company of Rs. 10 each in the ratio of one new Equity share for every five equity shares held by the shareholders.
  • 1993: Joint venture agreement between EIH and Kerala Government to promote Oberoi Kerala Hotels and Resorts Ltd. The JV is 80:20. 80% shareholding by EIH and 20% by Kerala Government thru Tourist Resort Kerala Ltd, a subsidiary of KTDC. As on date no business in the Company.
  • 1994: Listing of GDRs on the London Stock Exchange.
  • 1995: Joint venture with Himachal Pradesh Government for Promoting Mashobra Resort Ltd (Hotel Wild flower hall) Shimla. EIH’s holding in Mahobra Resort Ltd as on date is 78.79%.
  • 1996: Change of name of the Company from The East India Hotels Limited to EIH Limited.
  • 1996: Bonus issues of 17,464,299 new Equity shares of the Company of Rs. 10 each in the ratio of one new Equity share for every two equity shares held by the shareholders.
  • 1997: Commenced operations at The Oberoi Rajvilas in Jaipur, first luxury leisure hotel in India.
  • 1997: Joint Venture with Goyals and Bhasins for promoting Mumtaz Hotels Ltd (The Oberoi Amarvilas, Agra) in which EIH holds 60% and Goyals and Bhasins together hold the balance 40%.
  • 2004: The Company entered into a strategic alliance for international marketing with Hilton International. All the Trident hotels were re-branded as “Trident Hilton”, and The Oberoi Towers in Mumbai was re-branded as Hilton Towers.
  • 2006: Sub-division of the face value of equity shares from Rs. 10 to Equity shares of Rs. 2.
  • 2006: Bonus issues of 130,984,657 new Equity shares of the Company of Rs. 2 each in the ratio of one new Equity share for every two equity shares held by the shareholders.
  • 2006: The Company acquired 66.67% equity stake in Mercury Car Rentals Limited, a joint venture with AVIS Europe for car rental business.
  • 2006: The printing press established by the Company in 1974 was granted permission by the Indian Banks’ Association to print security stationery for banks.
  • 2008: The alliance with Hilton International ended and “Trident Hilton and the Hilton Towers hotels were renamed “Trident” hotels.
  • 2008: Establishment of EIH Flight Services Limited, Mauritius as a wholly owned subsidiary of the Company.
  • 2008: Terrorist attack at the Trident, Nariman Point and The Oberoi, Mumbai in November, 2008 resulting in interruption in business and closure of both the hotels.
  • 2008: The Trident Mumbai reopened on 21st December, 2008 after the terrorist attack.
  • 2009: Trident hotel at Bandra Kurla Complex in Mumbai commenced its operation.
  • 2009: Entered into a joint venture agreement with 16% equity interest in Golden Jubilee Hotels Limited for the proposed Trident hotel in Hyderabad.
  • 2010: The Oberoi, Mumbai reopens after full renovation subsequent to terrorist attacks in 2008.
  • 2010: EIH International Limited, a wholly owned subsidiary of the Company completed an acquisition of approximately 46% of the equity interest in its international hotels joint venture company EIH Holdings Limited. Pursuant to this acquisition, EIH Holdings Limited is now a wholly owned subsidiary of EIH International Limited.
  • 2011: Rights Issue of 178,615,442 equity shares of face value Rs 2/- at a price of Rs.66 per share for an aggregate amount of Rs. 11788.62 million in the ratio  of 5 equity share for every 11 fully paid equity share (5:11) for repayment of debt, construction and commissioning of flight kitchen at New Delhi and General Corporate Purposes.
  • 2011: The Oberoi Gurgaon and Trident Gurgaon (Managed Properties) opened.
  • 2012: Renovation/construction of flight catering operation (flight kitchen) in New Delhi with state of the art equipment having capacity to cater 18,000 meals per day completed.
  • 2013: The Company reduced its equity stake to 40% in Mercury Car Rentals Limited (now Mercury Car Rentals Private Limited).
  • 2013: Trident Hyderabad opened.
  • 2015: New Flight catering facility operationalized in Kolkata with the state of the art equipment to maintain international hygiene standards having capacity to cater 3,500 meals per day.
  • 2016: The Oberoi Sukhvilas Resort & Spa, Near Chandigarh (a Managed Property) opened.
  • 2017: GDRs were delisted from the London Stock Exchange.
  • 2018: The Oberoi at New Delhi, an iconic Delhi property, reopened ahead of schedule in January (in 21 months period) post major renovation directed by designer Adam. D. Tihany.
  • 2018: The Company increased its stake in equity to 25.10 % in Mercury Travels Limited, engaged in business of various travel services including business travel management, meetings, conferences and incentives, foreign exchange services, outbound holidays, Indian holidays and travel insurance.
  • 2018: Investment by Company through its WOS - EIH International Ltd which holds 47.93% in La. Roseraie De Atlas (Marrakech Project) in Marrakech.
  • 2018: EIH sold its entire equity holding of 25.10% in Mercury Travels Ltd to Ebix, USA. Mercury Travels Ltd ceased to be an associate of EIH.
  • 2018: EIH took/ invested 25.10% shares in U Smart Education Ltd, a WOS of Mercury Travels Ltd, as part of sale of shares in Mercury Travels Ltd.
  • 2019: the Company initiated major process improvement initiatives through “The Oberoi Centre of Excellence” (TOCE). The centre commenced operations on 01st October 2019 with the broad objective of introducing contemporary IT-enabled processes, modifying various processes across the organization to enhance efficiency, eliminating manpower redundancy, promoting scalability and achieving economies of scale.
  • 2020: EIH Rights Issue - Rs 346 crore EIH delisted from Calcutta Stock Exchange.
  • 2020-21: Opened new restaurants – Lapis and Wabi Sabi in Bengaluru.
  • 2020-21: Announced strategic alliance with Mandarin Oriental Hotel Group.
  • 2020-21: Collaborated with Bureau Veritas, to validate and review its programmes.
  • 2021-22: Launched Oberoi select, an exclusive Programme that allows customers to Pre-purchase room nights at Oberoi Hotels & Resorts in India.
  • 2022-23: To elevate brand presence worldwide, Oberoi Hotels & Resorts formed a powerful alliance with the Mandarin Oriental Hotel Group and named it: The O&MO Alliance.
  • 2025: EIH signed management agreement for Oberoi luxury resort in Darjeeling.
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