Stock for the Month - INDIAN HOTELS COMPANY LIMITED (IHCL)

INDIAN HOTELS COMPANY LIMITED (IHCL) 

ABOUT THE COMPANY 

The Indian Hotels Company limited (IHCL) is a Taj Group hospitality company incorporated in 1899 by Jamsetji Tata. he company opened its first hotel, the Taj Mahal Palace, in Mumbai in 1903. The Company offers services in the areas of hotels, resorts, jungle safaris, palaces, spas and in-flight catering services.The Taj Mahal Palace, Mumbai, has remained an iconic flagship and has set a benchmark for fine living with exquisite refinement, inventiveness and warmth. Indian Hotels Company Limited (IHCL) has a portfolio of 170 hotels, including 25 under development, in over eighty locations in twelve countries spread across four continents. 

• IHCL is amongst South Asia’s largest hospitality companies by market capitalization and represents a global hallmark of quality in hospitality. 
• The IHCL group includes brands like Ginger, Vivanta and SeleQtions. 
• In the 1970s, IHCL expanded its operations by opening a Tower Wing to The Taj Mahal Palace, Mumbai, increasing the number of rooms from 225 to 565. Also opened the Taj Fort Aguada, Goa and palaces such as Taj Lake Palace, Udaipur and Rambagh Palace, Jaipur. 
• In 2005, the company acquired on lease The Pierre, a renowned hotel in New York City, to enter the luxury end of the developed hotel markets internationally. 
• The Taj Group operates hospitality in six continents, majorly presence in New york, Sri lanka, Malaysia, Maldives, San Fransisco, UAE, Nepal, Bhutan and South Africa. 

Fundamental Analysis 

We select Indian Hotel on the basis of strong fundamentals of the company. The Taj Group Company has current Market Capitalization of more than Rs. 18000 cr. The Company has improved its performance in the last four quarters and also declared exceptional previous quarter result. Though the company has high Price to Earning Ratio but the on the growth prospect when we calculate PEG ratio it is still a good bet to buy at current levels. 

• The company has reported net sales of Rs.1281.55 crores in the last quarter of 2019 as compared to Rs.1164.02 crores during the last quarter of 2018. 
• In the September and June quarter of 2018 the sales was below Rs.1000 cr. but now it has revived again. 
• The company has posted net profit of Rs.122.56 crores during the last quarter of 2019 as against Rs.79.30 crores during the last quarter of 2018. 
• During September 2018 quarter the company reported loss and now it has posted strong net profit growth. 
• The company has reported EPS of Rs.2.41 for the 12 months period ended March 31, 2019 as compared to Rs.0.91 for the 12 months period ended March 31, 2018. 
• Operating Profit Margin has improved marginally over the last one year. 

Financials	Values
P/E Ratio	65.10
Industry P/E	49.98
Price to Book Value	3.62
PEG Ratio	0.37
ROCE	8.9%
ROE	6.9%

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