Taj GVK Hotels & Resorts Ltd - Stock Valuation and Financial Performance

BSE: 532390 | NSE: TAJGVK | Hotel, Resort & Restaurants | Small Cap

Taj GVK Hotels Share Price

381.25 8.70 2.34%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Taj GVK Hotels

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Taj GVK Hotels & Resorts stock performance -

mw4me loader
P/E Ratio (SA):
38.20
Market Cap:
2,406.2 Cr.
52-wk low:
180.8
52-wk high:
413.9

Is Taj GVK Hotels & Resorts Ltd an attractive stock to invest in?

1. Is Taj GVK Hotels & Resorts Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Taj GVK Hotels & Resorts Ltd is a average quality company.

2. Is Taj GVK Hotels & Resorts Ltd undervalued or overvalued?

The key valuation ratios of Taj GVK Hotels & Resorts Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Taj GVK Hotels & Resorts Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Taj GVK Hotels & Resorts Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Taj GVK Hotels:

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.
Taj GVK Hotels & Resorts 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 % 3.2%2.9%4.8%4.7%6.3%6.5%6.8%-2.2%4.1%16%-
Value Creation
Index
-0.8-0.8-0.7-0.7-0.6-0.5-0.5-1.2-0.70.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 24424827026428831731394.2227384396
Sales YoY Gr.-1.7%8.8%-2%9%9.9%-1.3%-69.9%141.1%68.9%-
Adj EPS 0.3-0.31.31.43.33.93.8-4.21.612.710.1
YoY Gr.--203.1%NA6.9%140.3%15.6%-1.6%-211.3%NA705.7%-
BVPS (₹) 55.555.256.657.860.763.965.661.46375.682.4
Adj Net
Profit
2-2.18.18.720.924.223.8-26.59.979.863
Cash Flow from Ops. 61.553.761.860.974.65974.65.353.199.9-
Debt/CF from Ops. 3.85.34.44.23.13.32.2343.21-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.2%5.9%7.1%68.9%
Adj EPS 50.6%30.7%49.6%705.7%
BVPS3.5%4.5%4.9%20.1%
Share Price 19.7% 9.9% 50.3% 104.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.6-0.62.32.45.66.25.9-6.72.518.412.7
Op. Profit
Mgn %
21.119.723.32224.921.923.7-2.322.83128.7
Net Profit
Mgn %
0.8-0.833.37.37.67.6-28.14.420.815.9
Debt to
Equity
0.70.80.80.70.60.50.40.50.40.2-
Working Cap
Days
18119015313814012311536714710359
Cash Conv.
Cycle
-23-33-45-57-78-59-49-114-94-77-2

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.70%

Net Profit is growing at healthy rate in last 3 years 49.63%

Sales growth is good in last 4 quarters at 18.55%

Sales growth has been subdued in last 3 years 7.06%

Latest Financials - Taj GVK Hotels & Resorts Ltd.

Standalone Consolidated
TTM EPS (₹) 10.1 12.8
TTM Sales (₹ Cr.) 396 396
BVPS (₹.) 82.4 81.3
Reserves (₹ Cr.) 504 497
P/BV 4.66 4.72
PE 38.20 29.88
From the Market
52 Week Low / High (₹) 180.80 / 413.90
All Time Low / High (₹) 2.40 / 413.90
Market Cap (₹ Cr.) 2,406
Equity (₹ Cr.) 12.5
Face Value (₹) 2
Industry PE 59.7

Management X-Ray of Taj GVK Hotels:

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 Taj GVK Hotels

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
Sales24424827026428831731394227384
Operating Expenses 19219920720721724823896175265
Manufacturing Costs616469737397873263108
Material Costs28323231323533112538
Employee Cost 53535761626567285069
Other Costs 51514942495152253750
Operating Profit 51496358726974-252119
Operating Profit Margin (%) 21.1%19.6%23.3%21.9%24.8%21.8%23.7%-2.3%22.8%31.0%
Other Income 12253713129
Interest 23283129252223201915
Depreciation 25251818171717171615
Exceptional Items 4003000000
Profit Before Tax 9-21519323836-3619118
Tax 4078111412-10938
Profit After Tax 5-2810212424-261080
PAT Margin (%) 2.0%-0.8%3.0%3.9%7.3%7.7%7.6%-28.1%4.4%20.8%
Adjusted EPS (₹)0.8-0.31.31.73.43.93.8-4.21.612.7
Dividend Payout Ratio (%)25%0%31%24%18%15%0%0%0%8%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 348346355362381401411385395474
Share Capital 13131313131313131313
Reserves 336334343350368388399372382462
Minority Interest0000000000
Debt20228625722719716014114011868
Long Term Debt18726925522719716014013711868
Short Term Debt151630001300
Trade Payables26333848624345495473
Others Liabilities 906280100108116146149165156
Total Liabilities 667727731738748719743723731770

Fixed Assets

Gross Block625627473477480486521524524584
Accumulated Depreciation1952191936547085101115129
Net Fixed Assets430408454440427416436423409455
CWIP 57757077819291878643
Investments 51110110110110110110110110110
Inventories9889988778
Trade Receivables913131119191691023
Cash Equivalents 22241528113438
Others Assets1081117486877375747693
Total Assets 667727731738748719743723731770

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 61546261755975553100
PBT 9-21519323836-3619118
Adjustment 44535047423940363530
Changes in Working Capital 871-5-2-14161-28
Tax Paid -3-4-412-4-20-1-21
Cash Flow From Investing Activity -37-78-17-11-8-16-301-17
Capex -31-31-17-13-8-17-3-10-18
Net Investments -6-4800000000
Others 0001000001
Cash Flow From Financing Activity -2424-45-47-55-56-66-2-31-79
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 21520-13-28-31-32-24-42-70
Interest Paid -24-28-31-29-25-21-22-20-19-15
Dividend Paid -3-10-3-3-4-4000
Others -181-14-300-742307
Net Cash Flow 0-10211-1363234
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.44-0.572.342.95.666.225.88-6.642.5418.37
ROCE (%)5.584.287.417.689.39.919.98-2.826.623.45
Asset Turnover Ratio0.370.360.370.360.390.430.430.130.310.51
PAT to CFO Conversion(x)12.2N/A7.756.13.572.463.13N/A5.31.25
Working Capital Days
Receivable Days13161817192220491516
Inventory Days13131112119930127
Payable Days2903434105086385534821,505751611

Taj GVK Hotels & Resorts Ltd Stock News

Taj GVK Hotels & Resorts Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Taj GVK Hotels on 28-Mar-2024 16:01 is ₹381.2.
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 28-Mar-2024 16:01 the market cap of Taj GVK Hotels stood at ₹2,406.2.
The latest P/E ratio of Taj GVK Hotels as of 28-Mar-2024 16:01 is 38.20.
The latest P/B ratio of Taj GVK Hotels as of 28-Mar-2024 16:01 is 4.66.
The 52-week high of Taj GVK Hotels is ₹413.9 and the 52-week low is ₹180.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Taj GVK Hotels is ₹395.8 ( Cr.) .

About Taj GVK Hotels & Resorts Ltd

Taj-GVK Hotels & Resorts is a joint venture of the Tata Group’s Indian Hotels Company Ltd and Hyderabad-based G V K group. 26% stake is held by Indian Hotels while rest is held by the GVK group. Taj GVK Hotels & Resorts has built on its strengths and has earned a reputation for offering a chain of world-class hotels on par with international standards.

GVK is a diversified business entity with a predominant focus on Infrastructure and Urban Infrastructure projects. It also has a significant presence in the Hospitality, Services and Manufacturing sector.

Among the pioneers to envision the India Growth saga, GVK realized the potential needs of a rapidly developing economy, particularly in the area of infrastructure development.

Taj GVK currently operates Taj Krishna, Taj Banjara, Taj Deccan in Hyderabad and Taj Chandigarh in Chandigarh and Taj Chennai.

Taj Banjara- The hotel has a unique feature of having a private lake. The hotel presents both modern amenities and comfort. This business class hotel offers comprehensive facilities including some of the finest restaurants in the city.

Taj Krishna- The flagship hotel of Taj GVK has become a luxury brand. It has been declared as a member of 'The Leading Hotels of the World'. Each of the 260 rooms have been masterfully crafted and majestically designed. It is among the best hospitality properties in India.

Taj Deccan- The hotel is designed to meet the expectations of a modern business traveler. The hotel is the process of being upgraded to a Super Deluxe Luxury Category. As part of an extensive refurbishment plan, the hotel which was earlier called 'Taj Residency' gained a makeover to become Taj Deccan.

Taj Chandigarh- It has capitalized on the growth and has provided a unique brand of service to a host of business, luxury and NRI travelers in Chandigarh. Taj Chandigarh aims to dominate the hospitality business in the city in the years to come.

Taj Chennai- Acquired in a semi-built stage, the upcoming hotel in Chennai will surely meet international standards with about 200 world-class guest rooms. The hotel is expected to commence operations soon.

The growth in the hospitality industry is pegged at about 15% growth every year and with more than one lakh rooms needed in the country, the hotel industry is poised for a substantial growth. Taj GVK is set to reap the benefits of this growing demand.  

In 2010 Taj unveiled new brand in Sri Lanka.

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