Asian Hotels (East) Ltd - Stock Valuation and Financial Performance

BSE: 533227 | NSE: AHLEAST | Hotel, Resort & Restaurants | Small Cap

Asian Hotels (East) Share Price

136 -2.00 -1.45%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Asian Hotels (East)

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Asian Hotels (East) stock performance -

mw4me loader
P/E Ratio (SA):
13.10
Market Cap:
238.6 Cr.
52-wk low:
82.1
52-wk high:
196

Is Asian Hotels (East) Ltd an attractive stock to invest in?

1. Is Asian Hotels (East) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Asian Hotels (East) Ltd is a below average quality company.

2. Is Asian Hotels (East) Ltd undervalued or overvalued?

The key valuation ratios of Asian Hotels (East) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Asian Hotels (East) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Asian Hotels (East) 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 Asian Hotels (East):

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.
Asian Hotels (East) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.3%1.7%2.5%1.6%1.5%1.7%1.6%0.1%-0.5%3.5%-
Value Creation
Index
-0.8-0.9-0.8-0.9-0.9-0.9-0.9-1.0-1.0-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 92.799.598.198.310210392.129.451.293.8103
Sales YoY Gr.-7.4%-1.4%0.2%3.9%1.3%-11%-68.1%74.1%83.2%-
Adj EPS 168.88.38.97.99.28.20.4-2.21010.5
YoY Gr.--45.2%-5.2%7%-11%16.2%-11.2%-95.4%-689.5%NA-
BVPS (₹) 490.3493.9522513.9522533494.3493.4491.88286.7
Adj Net
Profit
27.515.114.315.413.715.914.10.7-3.917.318
Cash Flow from Ops. 2017.913.4718.219.643.2-7.70.51.2-
Debt/CF from Ops. 09.210.4000.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.1%-1.7%0.6%83.2%
Adj EPS -5.1%4.7%6.9%NA
BVPS-18%-30.9%-45.1%-83.3%
Share Price 3.9% -3.8% 9.2% 56.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.31.81.61.71.51.71.60.1-0.53.512.5
Op. Profit
Mgn %
24.422.923.318.818.318.518-19.4-422.724.7
Net Profit
Mgn %
29.615.114.615.613.415.415.32.2-7.618.417.7
Debt to
Equity
00.20.20000000-
Working Cap
Days
6721,1391,5981,5161,3661,3731,0251,104461179104
Cash Conv.
Cycle
-10-22-29-2125-6-1-10-958

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.50%

Sales growth is good in last 4 quarters at 27.83%

Sales growth has been subdued in last 3 years 0.60%

Net Profit has been subdued in last 3 years 6.90%

Latest Financials - Asian Hotels (East) Ltd.

Standalone Consolidated
TTM EPS (₹) 10.5 10.5
TTM Sales (₹ Cr.) 103 103
BVPS (₹.) 86.7 122.1
Reserves (₹ Cr.) 133 194
P/BV 1.59 1.13
PE 13.10 13.15
From the Market
52 Week Low / High (₹) 82.10 / 195.95
All Time Low / High (₹) 74.20 / 329.33
Market Cap (₹ Cr.) 239
Equity (₹ Cr.) 17.3
Face Value (₹) 10
Industry PE 59.1

Management X-Ray of Asian Hotels (East):

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Asian Hotels (East)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales93100989810210392295194
Operating Expenses 70777580848476355373
Manufacturing Costs28312730302924101823
Material Costs121313131413135814
Employee Cost 19191920202121151620
Other Costs 1214171720221861016
Operating Profit 22232318191916-6-221
Operating Profit Margin (%) 24.2%22.8%23.2%18.7%18.2%18.5%17.6%-19.5%-4.3%22.3%
Other Income 1661596109902
Interest 00161000000
Depreciation 5776553334
Exceptional Items 000-30000010
Profit Before Tax 332115171924220-529
Tax 66144780-15
Profit After Tax 271514131518141-424
PAT Margin (%) 29.5%15.1%14.5%13.2%14.4%17.2%15.1%2.3%-7.7%25.5%
Adjusted EPS (₹)15.98.88.37.58.510.38.00.4-2.313.8
Dividend Payout Ratio (%)13%15%16%18%20%16%0%0%0%18%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 841848896889903922855853850142
Share Capital 11111112121212121217
Reserves 830836884877891910843842839124
Minority Interest0000000000
Debt016570010000
Long Term Debt016500000000
Short Term Debt0070010000
Trade Payables81093456475
Others Liabilities 605418456353965495233
Total Liabilities 9101,0771,096948942967926906910180

Fixed Assets

Gross Block217210220207209211210213215214
Accumulated Depreciation7481979196101102105104102
Net Fixed Assets143129124116113110108108111111
CWIP 2220000120
Investments 5655185324444274556626666609
Inventories2223212111
Trade Receivables6356775266
Cash Equivalents 44552073320941
Others Assets18941942737437338811510812012
Total Assets 9101,0771,096948942967926906910180

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2018137182043-811
PBT 332115171924220033
Adjustment -102820-5-6-6-1-1
Changes in Working Capital 31-3-67625-22-24
Tax Paid -6-7-7-6-8-620-1-6
Cash Flow From Investing Activity -15-179321970-33-398-2-1
Capex -1-3-2-1-2-2-2-4-7-3
Net Investments 24473319421-20-4012128
Others -39-22313-19-1030-7-5
Cash Flow From Financing Activity -6161-44-204-3-2-5000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 016500000000
Interest Paid 00-16-1000000
Dividend Paid -5-3-2-2-2-3-3000
Others -1-1-26-20100-2000
Net Cash Flow -101015-1600-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.31.781.631.451.651.951.560.08-0.464.82
ROCE (%)4.012.33.021.812.12.682.50.06-0.625.89
Asset Turnover Ratio0.10.10.090.10.110.110.10.030.060.17
PAT to CFO Conversion(x)0.741.20.930.541.21.113.07-8N/A0.04
Working Capital Days
Receivable Days23171621222423392623
Inventory Days87789761764
Payable Days22624826816593137171415240159

Asian Hotels (East) Ltd Stock News

Asian Hotels (East) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Asian Hotels (East) on 28-Mar-2024 16:01 is ₹136.0.
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 28-Mar-2024 16:01 the market cap of Asian Hotels (East) stood at ₹238.6.
The latest P/E ratio of Asian Hotels (East) as of 28-Mar-2024 16:01 is 13.10.
The latest P/B ratio of Asian Hotels (East) as of 28-Mar-2024 16:01 is 1.59.
The 52-week high of Asian Hotels (East) is ₹195.9 and the 52-week low is ₹82.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asian Hotels (East) is ₹103.0 ( Cr.) .

About Asian Hotels (East) Ltd

Asian Hotels (East) was originally incorporated as Vardhman Hotels on January 8, 2007, under the Companies Act, 1956, with the Registrar of Companies, NCT of Delhi and Haryana. The company was converted into a Public Limited Company and the subsequently the name was changed to Vardhman Hotels with effect from (w.e.f.) July 28, 2007. The company entered into a Scheme of Arrangement and De-merger with Asian Hotels (Transferor Company).

A Scheme of Arrangement & Demerger amongst Asian Hotels and its shareholders & creditors (Transferor Company), Chillwinds Hotels and its shareholders (Transferee Company-I) & Vardhman Hotels and its shareholders (Transferee Company-II) [the Scheme] became effective on February 11, 2010 after the Order dated January 13, 2010 duly sanctioned & passed by the Delhi High Court was filed with the Registrar of the company, NCT of Delhi and Haryana. Both the Transferee Companies were wholly owned subsidiaries of the Transferor Company. Before effectiveness of the Scheme, Asian Hotels had 3 properties in the form of 5 star hotels situated in New Delhi (Hyatt Regency Delhi), Mumbai (Hyatt Regency Mumbai) and Kolkata (Hyatt Regency Kolkata).

Post effectiveness of the Scheme, assets and liabilities of Mumbai Undertaking and Kolkata Undertaking respectively were demerged, transferred and vested with Chillwinds Hotels being the Transferee Company-I and Vardhman Hotels being the Transferee Company-II and Asian Hotels (Transferor Company) retained the residual assets which mainly consisted of Hyatt Regency Delhi Hotel. The demerger, transfer, vesting and retention of assets & liabilities happened retrospectively w.e.f. October 31, 2009 being the Appointed Date defined in the Scheme and the 3 undertakings became separate & independent entities from the date. Upon this Scheme becoming effective on February 11, 2010, the name of Vardhman Hotels (Transferee Company-II) was changed to “Asian Hotels (East)” after obtaining permission of the Registrar of Companies.

Business area of the company

Asian Hotels (East) is into the business of hospitality industries & is managed by a professional Board of Directors consisting of eminent personalities & professionals.

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