Apeejay Surrendra Park Hotels Ltd - Stock Valuation and Financial Performance

BSE: 544111 | NSE: PARKHOTELS | Hotel, Resort & Restaurants | Small Cap

Apeejay Surrendra Park Share Price

159.25 3.10 1.99%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Apeejay Surrendra Park

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Apeejay Surrendra Park Hotels stock performance -

mw4me loader
P/E Ratio (SA):
51.66
Market Cap:
3,398 Cr.
52-wk low:
146.3
52-wk high:
234.5

Is Apeejay Surrendra Park Hotels Ltd an attractive stock to invest in?

1. Is Apeejay Surrendra Park Hotels Ltd a good quality company?

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

2. Is Apeejay Surrendra Park Hotels Ltd undervalued or overvalued?

The key valuation ratios of Apeejay Surrendra Park Hotels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Apeejay Surrendra Park Hotels Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Apeejay Surrendra Park Hotels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Apeejay Surrendra Park:

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.
Apeejay Surrendra Park Hotels Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 3.5%4.1%4.7%4.5%5.9%5.3%-2.6%1.4%11.2%12.8%-
Value Creation
Index
-0.8-0.7-0.7-0.7-0.6-0.6-1.2-0.9-0.2-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 294308348380416415170243492555555
Sales YoY Gr.-4.9%13%9.2%9.5%-0.3%-59.1%43.4%102.1%12.9%-
Adj EPS -0.6-0.20.5-0.40.81.3-3.7-1.72.43.13.1
YoY Gr.-NANA-174.1%NA55.6%-395.2%NANA28.3%-
BVPS (₹) 31.232.332.833.133.734.930.72931.755.855.7
Adj Net
Profit
-10.9-4.510.2-7.114.122.1-65-30.44265.766
Cash Flow from Ops. 51.360.268.364.510210026.353172162-
Debt/CF from Ops. 8.67.56.67.44.75.422.611.73.30.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.3%6%48.4%12.9%
Adj EPS NA30.6%NA28.3%
BVPS6.7%10.6%22%75.9%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-1.8-0.71.7-1.22.43.7-11.3-5.87.97.55.5
Op. Profit
Mgn %
1714.215.818.920.519.9618.132.433.432.5
Net Profit
Mgn %
-3.7-1.52.9-1.93.45.3-38.3-12.58.511.811.8
Debt to
Equity
0.80.70.70.80.80.91.11.210-
Working Cap
Days
157151141121101107221133788920
Cash Conv.
Cycle
-17-8-18-15-17-29-44-40-31-25-1

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.50%

Sales growth is growing at healthy rate in last 3 years 48.44%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 5.95%

Latest Financials - Apeejay Surrendra Park Hotels Ltd.

Standalone Consolidated
TTM EPS (₹) 3.1 3.2
TTM Sales (₹ Cr.) 555 579
BVPS (₹.) 55.7 55.9
Reserves (₹ Cr.) 1,167 1,172
P/BV 2.86 2.85
PE 51.66 49.40
From the Market
52 Week Low / High (₹) 146.25 / 234.50
All Time Low / High (₹) 146.25 / 234.50
Market Cap (₹ Cr.) 3,398
Equity (₹ Cr.) 21.3
Face Value (₹) 1
Industry PE 65.6

Management X-Ray of Apeejay Surrendra Park:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Apeejay Surrendra Park

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales294308348380416415170243492555
Operating Expenses 244265293309336335160200333370
Manufacturing Costs41586153666832477378
Material Costs51545660686426346774
Employee Cost 586876808090546397113
Other Costs 948599117121113485695105
Operating Profit 5043557080801043159185
Operating Profit Margin (%) 16.9%14.0%15.8%18.5%19.3%19.4%5.9%17.8%32.4%33.4%
Other Income 726228121212111413
Interest 39444442505156596265
Depreciation 24262730303336384748
Exceptional Items 300000-15000
Profit Before Tax -3-166138-85-436485
Tax 64-4152-15-10-131719
Profit After Tax -9-510-81123-75-304866
PAT Margin (%) -3.0%-1.7%2.9%-2.1%2.6%5.6%-44.2%-12.3%9.7%11.8%
Adjusted EPS (₹)-0.5-0.30.5-0.50.61.3-4.3-1.72.73.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 6096096185795886105375075541,190
Share Capital 19191917171717171721
Reserves 5915906005615715935194905361,169
Minority Interest0000000000
Debt40441142143944148752053751929
Long Term Debt3333323793843894384694775005
Short Term Debt71794255524851602024
Trade Payables29364332414444375042
Others Liabilities 148168150158152181164178222193
Total Liabilities 1,1911,2241,2331,2091,2221,3231,2651,2591,3451,454

Fixed Assets

Gross Block1,2611,0901,1091,1481,1711,2881,2991,3151,2111,279
Accumulated Depreciation230255280106124153184211255
Net Fixed Assets1,0321,0651,0571,0681,0651,1631,1461,1311,0001,024
CWIP 26302923312827293241
Investments 0000000000
Inventories12131417141110101315
Trade Receivables24282627262018182532
Cash Equivalents 3438410771454
Others Assets93851026682895865261288
Total Assets 1,1911,2241,2331,2091,2221,3231,2651,2591,3451,454

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 516068651021002653172162
PBT -6-166138-85-436485
Adjustment 6068697379858994107109
Changes in Working Capital -2-7-4-12133225-3-18
Tax Paid -10-2-3-340-34-14
Cash Flow From Investing Activity -40-22-23-11-60-97-24-19-41-103
Capex -41-23-24-36-37-63-40-23-38-101
Net Investments 00000000-2-2
Others 01125-23-3416500
Cash Flow From Financing Activity -12-38-45-49-473-5-34-124-36
Net Proceeds from Shares 000-3100000588
Net Proceeds from Borrowing 140011659301800
Interest Paid -39-43-46-42-50-51-34-57-62-63
Dividend Paid 0000000000
Others 146114-3-5-15-63-561
Net Cash Flow -1004-46-30723
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-1.51-0.851.66-1.351.823.91-13.08-5.7397.54
ROCE (%)3.544.084.684.535.885.31-2.571.4311.2112.8
Asset Turnover Ratio0.250.250.280.310.340.330.130.190.380.4
PAT to CFO Conversion(x)N/AN/A6.8N/A9.274.35N/AN/A3.582.45
Working Capital Days
Receivable Days31312826232041271619
Inventory Days141514151311221489
Payable Days234221257231195242614435238227

Apeejay Surrendra Park Hotels Ltd Stock News

Apeejay Surrendra Park Hotels Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Apeejay Surrendra Park on 11-Oct-2024 16:01 is ₹159.2.
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 11-Oct-2024 16:01 the market cap of Apeejay Surrendra Park stood at ₹3,398.
The latest P/E ratio of Apeejay Surrendra Park as of 11-Oct-2024 16:01 is 51.66.
The latest P/B ratio of Apeejay Surrendra Park as of 11-Oct-2024 16:01 is 2.86.
The 52-week high of Apeejay Surrendra Park is ₹234.5 and the 52-week low is ₹146.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apeejay Surrendra Park is ₹555.3 ( Cr.) .

About Apeejay Surrendra Park Hotels Ltd

The company was originally incorporated at Karnataka on November 27, 1987, as Budget Hotels Private Limited, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 27, 1987 issued by the Registrar of Companies, Bangalore at Karnataka. Subsequently, the name of the Company was changed to Budget Hotels Limited pursuant to the Company becoming a public company with effect from October 26, 1990 and noting of such conversion in the certificate of incorporation by Registrar of Companies, Bangalore at Karnataka. Further, pursuant to the Acquisition Agreements, the entire issued and paid-up equity share capital of the Company constituting 571,940 equity shares of face value of Rs 100 each, was acquired by Apeejay Hotels Delhi in two tranches and the Company became the wholly owned subsidiary of Apeejay Hotels Delhi. Subsequently, pursuant to the scheme of amalgamation approved vide orders of the High Court of Madras dated June 13, 2003, High Court of Delhi dated August 6, 2003, and High Court of Karnataka dated September 17, 2003, Apeejay Hotels Delhi, and Gemini Hotels and Holdings Limited (a wholly owned subsidiary of Apeejay Hotels Delhi) were amalgamated with the Company, with the appointed date being April 1, 2001. Thereafter, to closely identify the association of the Company with the Apeejay Surrendra Group, the name of the Company was changed from Budget Hotels Limited to Apeejay Surrendra Park Hotels Limited, pursuant to the resolution passed by the company’s Shareholders at their EGM held on March 8, 2004 and the certificate of incorporation pursuant to change of name was issued by the RoC on March 29, 2004. Further, pursuant to the company’s Shareholders’ resolution dated November 30, 2016 and order dated June 22, 2017 passed by the Regional Director, South East Region, Hyderabad, its registered office was shifted from the State of Karnataka to State of West Bengal. 

Apeejay Surrendra Park Hotels operates hospitality assets under its own brands, “THE PARK”, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”. It has a long-standing expertise in the hospitality business of owning and operating hotels, with its first hotel being launched under its brand “THE PARK” at the iconic Park Street in Kolkata. It has established presence in the retail food and beverage industry through its retail brand ‘Flurys’. It has pioneered the concept of luxury boutique hotels in India under its brand, “THE PARK”, extending it further through and “THE PARK Collection”, and in upper-midscale categories with its brands “Zone by The Park” and “Zone Connect by The Park”.

The company’s hotel portfolio has a PAN-India presence, and it continue to attract its customers with its diversified portfolio. It categorizes its hotel portfolio into two distinct hotels categories based on brand classification – upscale, and upper mid-scale. It operates hotels under following four brands, namely “THE PARK, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and has recently launched its economy motel brand, “Stop by Zone”.  The company’s food and beverage outlets and entertainment offerings within its hotels provide a diversified experience for its customers. The night club and entertainment division contribute to its brand positioning and allows cross-selling opportunities. It has created award-winning brands such as Zen, Someplace Else, Tantra, Roxy, iBar, The Leather Bar, Pasha and Aqua. 

Business area of the company

The company 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’. The company is also engaged in the business of retail food and beverage industry through its retail brand 'Flurys’. 

Awards, Accreditations and Recognitions

2021

  • Zone by The Park Jaipur won the TripAdvisor Travellers’ Choice Award.
  • Zone by The Park Jammu won the TripAdvisor Travellers’ Choice Award.
  • Zone by The Park Jodhpur won the TripAdvisor Travellers’ Choice Award.
  • Pasha, THE Park Chennai was awarded ‘Best Night Club’ by the Times Food and Nightlife Awards.
  • THE Park Chennai won the TripAdvisor Travellers’ Choice Award.
  • Peace, THE Park Calangute Goa won the award for ‘Best Sundowner Lounges – Casual Night Out’ at the Times Food & Nightlife Awards.

2022:

  • THE Park Chennai won the TripAdvisor Travellers’ Choice Award.
  • THE Park Bangalore won the runner-up award for ‘Favourite LGBTQ-friendly hotel in India’ at the Conde Nast Traveller Readers’ Travel Awards.
  • Epicentre, THE Park Indore won the award for ‘Best Restaurant in Indore’ at the Food Connoisseurs India Awards.
  • Aqua, THE Park Indore won the award for ‘Gastro Pub of the Year (West)’ at the Food Connoisseurs India Awards.
  • Peace Bar, THE Park Calangute Goa won in the award for ‘Best Lounge Bar’ at the Times Food & Nightlife Awards.
  • Lotus, THE Park Chennai was awarded ‘Best Pan Asian Restaurant’ by Tamil Nadu Tourism Awards.
  • THE Park Baga River Goa won Booking.com’s Traveller Review Awards.

2023:

  • Lotus, THE Park Chennai won the award for the ‘Best Modern Asian -- Premium Dining’ at the Times Food & Nightlife Awards.
  • Flurys won the culinary heritage award conferred by Intach, Calcutta.
  • Flurys won in the Best Bakery category by Zomato Restaurant Awards.
  • Flurys won in the Best All Day Breakfast in Kolkata category by Zomato Restaurant Awards.
  • Someplace Else (Mumbai) won the award for ‘Best Newcomer – Nightclub’ at the Food Connoisseurs Awards.
  • ‘Beachside Resort of the Year’ award won by The Park Calangute at the Business Goa Awards for Corporate Excellence.
  • Zone Connect was awarded ‘Leading 4 Star Hotel in Goa’ at the 2nd Annual World Signature Awards 2023.
  • Aqua, THE Park Hyderabad won the award for ‘Best Alfresco – Luxurious Nightout’ at Times Food and Nightlife Awards.
  • THE Park Hyderabad won the ‘Make My Trip Excellence Award’ at the Star Partners Award.
  • Zone by The Park Chennai ORR won the TripAdvisor Travellers’ Choice Award.

Major events and milestones 

  • 1988: Opening of hotel ‘The Park’ in Delhi.
  • 1994: Opening of restaurant ‘Some Place Else’ in Kolkata.
  • 1999: Purchased ‘The Park’ in Bangalore
  • 1999: Budget Hotels Limited (erstwhile name of Company) became the wholly owned subsidiary of Apeejay Hotels Delhi.
  • 2000: Opening of ‘The Park’ in Bangalore.
  • 2002: Opening of ‘The Park’ in Chennai.
  • 2003: Apeejay Hotels Delhi, and Gemini Hotels and Holdings Limited (a wholly owned subsidiary of Apeejay Hotels Delhi) were amalgamated with Budget Hotels Limited (erstwhile name of Company).
  • 2004: Name of Company was changed to Apeejay Surrendra Park Hotels Limited.
  • 2007: Investment received from RECP IV Park Hotel Investors Ltd, RECP IV Park Hotel Co-Investors and REFS Park Hotel Investors into Company.
  • 2010: Opening of hotel ‘The Park’ in Hyderabad.
  • 2012: Undertook a branding exercise to create ‘The Park’, ‘The Park Collection’ and ‘Zone by The Park’.
  • 2014: Opening of the first property under the brand ‘Zone by The Park’ at Coimbatore.
  • 2019: Acquired confectionery business from Flury’s Swiss Confectionery.
  • 2021: Opening of restaurant ‘Someplace Else’ at Mumbai.


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