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Home BuisnessMarket Insight Buy Indian Hotels Company, target price Rs 880: Motilal Oswal Financial Services

Buy Indian Hotels Company, target price Rs 880: Motilal Oswal Financial Services

by PratapDarpan
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Motilal Oswal Financial Services on Indian Hotels Company Rs. A buy call has been made with a target price of 880. The current market value of Indian Hotels Company is Rs. 764.95 is. Indian Hotels Company, established in 1902, is a mid cap company with a market cap of Rs. 108358.78 crores which are employed in tourism and hospitality sector.

Indian Hotels Company’s main products/revenue segments include rooms, restaurants and other services and other operating income for the year ending 31-Mar-2024.

Financial
For the quarter ended 30-09-2024, the company reported Rs. 1890.22 crores reported a consolidated total revenue, compared to the last quarter’s total revenue of Rs. 1596.27 crores up by 18.41% and 27.64% higher than the total revenue of Rs.480.1 crores in the corresponding quarter last year. . The company reported a net profit after tax of Rs 573.21 crore in the latest quarter.


Investment rationale

growfast

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    Indian Hotels Company is at the forefront of the hospitality sector with its strategic vision, operational excellence and innovative growth paths. its Accelerate to 2030 The plan highlights its ambitious growth strategy, focusing on doubling its hotel portfolio, driving 14% revenue CAGR and achieving a balanced revenue mix from traditional and new businesses. The company’s capital-light approach, emphasis on RevPAR leadership and expansion into emerging trends such as wellness and sustainable tourism will ensure IH captures strong demand. Motilal Oswal Financial Services believes that the company’s financial discipline and operational agility position it to achieve its 2030 targets. During FY24-27, they expect Indian hotels to deliver a CAGR of 18%/24%/26% in Revenue/EBITDA/Adj. PAT.

    The brokerage largely maintained its FY26 EBITDA estimates and raised FY27 estimates by 8% to support healthy ARR growth (~7% YoY), a robust hotel pipeline and increased F&B revenue, healthy MICE growth. They maintain Buy with a target price of Rs 880 (based on FY27E SoTP).


    Promoter/FII Holdings
    Promoters held 38.12 per cent stake in the company as on 30-Sep-2024, while FIIs held 27.44 per cent, DIIs 18.66 per cent.

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