Kamat Hotels (India) Ltd - Stock Valuation and Financial Performance

BSE: 526668 | NSE: KAMATHOTEL | Hotel, Resort & Restaurants | Small Cap

Kamat Hotels (India) Share Price

252.45 5.70 2.31%
as on 28-Mar'24 14:58

DeciZen - make an informed investing decision on Kamat Hotels (India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Kamat Hotels (India) stock performance -

mw4me loader
P/E Ratio (SA):
2.32
Market Cap:
639.2 Cr.
52-wk low:
118.4
52-wk high:
374.5

Is Kamat Hotels (India) Ltd an attractive stock to invest in?

1. Is Kamat Hotels (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kamat Hotels (India) Ltd is a average quality company.

2. Is Kamat Hotels (India) Ltd undervalued or overvalued?

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

3. Is Kamat Hotels (India) Ltd a good buy now?

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

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.
Kamat Hotels (India) 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -32.1%-1.2%-7.9%15.5%15.7%13.5%21.6%-1.2%4.7%54.7%-
Value Creation
Index
-3.3NANA0.10.10.00.5NANA2.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13413315115517019217951.6108224223
Sales YoY Gr.--0.6%13.2%2.5%10.1%13%-7.1%-71.1%109.6%106.7%-
Adj EPS -98.7-25.9-25.314.717.410.715.1-12.9-9.581106.4
YoY Gr.-NANANA17.8%-38.6%41.6%-185.3%NANA-
BVPS (₹) 16-11.4-47.6-38.3-22.5-11.83.3-8.2-17.693.6114.2
Adj Net
Profit
-233-61.2-59.634.84125.235.6-30.4-22.3200276
Cash Flow from Ops. 36.322.951.432.31167163.3-1.420.598.9-
Debt/CF from Ops. 12.420.79.113.33.24.44.1-188.912.63.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.9%5.6%7.8%106.7%
Adj EPS NA36.1%75%NA
BVPS21.7%NA203.8%NA
Share Price 16.2% 37.9% 102.8% 107.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-151.1-885.786.3-34.5-57.7-63.1-378.2591.174.8197.6102.4
Op. Profit
Mgn %
29.220.426.532.734.534.631.413.525.239.831.2
Net Profit
Mgn %
-173.6-45.9-39.522.524.113.120-58.9-20.689.4123.7
Debt to
Equity
11.8-18-4.2-4.8-7-11.530.4-14.3-6.31.4-
Working Cap
Days
64535536437125517017757727031745
Cash Conv.
Cycle
-31-16-30-37-18-28-44-122-66-41-133

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 75.04%

Sales growth is good in last 4 quarters at 19.91%

Return on Equity has declined versus last 3 years average to 102.40%

Sales growth has been subdued in last 3 years 7.76%

Latest Financials - Kamat Hotels (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 106.4 121.2
TTM Sales (₹ Cr.) 223 300
BVPS (₹.) 114.2 79.3
Reserves (₹ Cr.) 270 179
P/BV 2.16 3.11
PE 2.32 2.04
From the Market
52 Week Low / High (₹) 118.35 / 374.50
All Time Low / High (₹) 6.05 / 374.50
Market Cap (₹ Cr.) 639
Equity (₹ Cr.) 25.9
Face Value (₹) 10
Industry PE 59.1

Management X-Ray of Kamat Hotels (India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *92.4292.4292.4292.4292.4292.4288.7788.9291.4891.48
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kamat Hotels (India)

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
Sales13413315115517019217952108224
Operating Expenses 951061111041151261234581135
Manufacturing Costs31354037394343173156
Material Costs1413141317181651118
Employee Cost 31313535394445122435
Other Costs 19282319202118111525
Operating Profit 3927395055665672789
Operating Profit Margin (%) 29.1%20.4%26.1%32.6%32.4%34.5%31.4%13.5%25.2%39.8%
Other Income 236710521117
Interest 57793928152234394819
Depreciation 14181313121111101010
Exceptional Items -2380-81181802440198
Profit Before Tax -248-65-8638513636-37-30265
Tax -15-6-1013110-10-73
Profit After Tax -233-59-8538382536-28-22262
PAT Margin (%) -173.0%-44.4%-56.5%24.7%22.2%13.0%20.0%-53.4%-20.7%117.1%
Adjusted EPS (₹)-98.6-25.1-36.216.216.110.615.1-11.7-9.5106.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 38-26-112-90-52-278-19-41231
Share Capital 24242424242424242425
Reserves 14-51-136-114-77-51-16-43-65206
Minority Interest0000000000
Debt2212022973041502411874519168
Long Term Debt2131952893041502411874519168
Short Term Debt8780000000
Trade Payables21132512172025221820
Others Liabilities 306377286227273143149311359214
Total Liabilities 586566496454388376370358356633

Fixed Assets

Gross Block478477476303303306308309317220
Accumulated Depreciation12614915911233443536257
Net Fixed Assets353328317291280272266256255163
CWIP 0000005601
Investments 99996121111110050
Inventories4455333223
Trade Receivables1512108141110698
Cash Equivalents 87534437921
Others Assets1081161531347474738181388
Total Assets 586566496454388376370358356633

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 362351321167163-12099
PBT -248-65-8638513636-37-30265
Adjustment 289100130191034204557-176
Changes in Working Capital -10-139-245547-10-612
Tax Paid 50-2-10-201-1-3
Cash Flow From Investing Activity 45334-3-61-2-159
Capex -233-2-2-3-7-1-3-2
Net Investments 0000100000
Others 610550120-157
Cash Flow From Financing Activity -39-28-57-33-119-72-566-1659
Net Proceeds from Shares 5-2000000010
Net Proceeds from Borrowing -5-1-20-27-80-52-328-1195
Interest Paid -34-24-5-2-39-21-24-1-5-58
Dividend Paid 0000000000
Others -40-31-30100011
Net Cash Flow 10-231-4062-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-164.22N/AN/AN/AN/AN/A0N/AN/A276.52
ROCE (%)-31.78N/AN/AN/AN/AN/A25.43N/AN/A72.98
Asset Turnover Ratio0.190.230.280.330.40.50.480.140.30.45
PAT to CFO Conversion(x)N/AN/AN/A0.843.052.841.75N/AN/A0.38
Working Capital Days
Receivable Days37362621242421562514
Inventory Days111211118551564
Payable Days5315005105203183785001,690676396

Kamat Hotels (India) Ltd Stock News

Kamat Hotels (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kamat Hotels (India) on 28-Mar-2024 14:58 is ₹252.4.
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 14:58 the market cap of Kamat Hotels (India) stood at ₹639.2.
The latest P/E ratio of Kamat Hotels (India) as of 28-Mar-2024 14:58 is 2.32.
The latest P/B ratio of Kamat Hotels (India) as of 28-Mar-2024 14:58 is 2.16.
The 52-week high of Kamat Hotels (India) is ₹374.5 and the 52-week low is ₹118.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kamat Hotels (India) is ₹222.9 ( Cr.) .

About Kamat Hotels (India) Ltd

Kamat Hotels (India)  (KHIL) was incorporated on March 21, 1986 by Late Mr. Venketesh Krishna Kamat and his associates with the main object of setting up and running of hotels and related business. The company obtained the Certificate of Commencement of Business on March 31, 1986.

Kamat's is now a large hospitality group with interests in Luxury Hotels, Budget Hotels & Restaurants, Family Leisure & Sports Clubs, Travel Business, Catering & educational Institutions, Departmental Stores and of course Restaurants.

KHIL is a Public Listed Company and the group entered into a business contract agreement with Plaza Hotels Private Limited for a period of 30 years with effect from  April 1, 1994 and took over THE Kamat Plaza, a four star hotel near the Santacruz Airport.

The management of The Kamat Plaza Hotel decided to expand the project immediately after its Public Issue in 1994. It was decided to upgrade the project to a Five Star property. The company hired the services of an architect Mr. D. M. Upasni and an interior designer -Lynn Wilson from USA, (ranked among the top 10 in the world).

Marketing being an important aspect of the Hospitality Industry, the management decided to position the property differently. Thus was born a brand, unknown so far in the continent of Asia - a green hotel - environmentally sensitive - right from brick to paper and taking care of every little guest need at the same time. Since eighty seven percent of international travelers do patronize green hotels, the management decided to tie up with an International Firm- HVS ECO SERVICES of - HVS INTERNATIONAL, NEW YORK. The company was hired to undertake - specific environmental programs, designed to lower operating costs and increase revenues and evaluate the hotel's environmental performance in various areas.

Needless to say - The Orchid, as it is aptly renamed, was awarded the prestigious 'ECOTEL' Certification' by HVS ECO SERVICES, USA, which is the hallmark of environmentally sensitive hotels. The hotel thus becomes the first hotel in Asia to obtain the coveted certification.

The Orchid has employed a high powered team of professionals from the industry and it opened its doors to public on World Tourism Day - 27th September 1997. It has been well received both in the domestic and international market and has enjoyed very high average occupancy from the start having well appointed rooms and suites with luxurious 5 star facilities. 

Business area of the company:

The company is engaged in the hospitality business and is having Hotel, Resort & Restaurants

The hotel brands of the company include:

  • Gadh- 'Fort Jadhavgadh' (Built in 1710 by Pillaji Jadhavrao) is the first in a series of heritage forts scheduled in Maharashtra and the rest of India. Situated in the beautiful rolling hills located 22 km away from Pune.
  • Orchid- The Orchid - An Ecotel Hotel is Asia's first certified eco-friendly five-star hotel and world's only Ecotel to be certified as ISO 14001.
  • VITS- KHIL has launched the VITS hospitality experience in Aurangabad, Nagpur, Pune and plans to open twenty more locations in the next five years.
  • Lotus- Lotus Resorts is a new offering in the leisure segment wherein the resorts all have proximity to water bodies.

Achievements/ recognition:

Certification' by HVS ECO SERVICES, USA, which is the hallmark of environmentally sensitive hotels.

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