Advani Hotels - Long Term Investment - Detailed Analysis

تم تحديثه
About Company :

Company was incorporated as Ramada Hotels (India) Limited in 1987. From its inception, Ramada Inc. USA invested 10% of the Equity in a Joint Venture with the family under a Franchise Agreement. The Co. has been managed by Mr. Sunder Advani and his family. The 5-Star Deluxe Resort was the first hotel in India to have been designed by WATG (USA), (the leading Architects for Resorts in the world) and the first to have a Golf Course as part of the Resort. It was the first in 1993 to operate an Electronic Casino in the hotel, then called the ‘Renaissance Goa Resort’, the upmarket brand of Ramada Inc. (USA).
The Caravela Beach Resort
The Resort is spread over 24 acres, comprising 192 rooms, 4 Suites and 6 Villas with private balconies, which overlook the landscaped gardens, the golf course and the Arabian Sea. The resort is located on the serene white sands of Varca beach, Goa.

Revenue Mix - FY22
Room Sale - 64%
Food Sale - 27%
Wine, Liquor and Other Beverages - 4%
Guest Sight-seeing and Transportation - 2%
Others - 3%

Improvement in Occupancy Rate
The average occupancy rate improved from ~66% in FY21 to ~69% in FY22. The Co. achieved its highest occupancy rate of ~83% in FY19. Occupancy rate average for the last 5 years stands at ~75%

Improvement in TrevPOR
The Total Revenue per Occupied Room (TrevPOR) after deducting GST stood at Rs. 15,585 in FY22, as compared to Rs. 11,681 in FY21, witnessing an improvement of ~33%.

CHAIRMAN'S PROFILE
Mr. Sunder G. Advani is the Chairman and Managing Director of the Company. He obtained his undergraduate degree at Temple University and his M.B.A. from the Wharton School of Business Administration at the University of Pennsylvania, U.S.A. He was a marketing consultant in a U.S. based company. for over 10 years.

Mr. Sunder G. Advani's foray into the hospitality industry in India started of as a Promoter and later as the Executive Director of the Bombay Holiday Inn Hotel at Juhu Beach. He was also appointed as a representative of Holiday Inn Inc. (worldwide). He played a pivotal role in developing Holiday Inn hotels in South-Asia. He successfully established Holiday Inns in Bombay, Agra, Madras and Colombo.

Simultaneously, Mr. Sunder G. Advani was a co-promoter of Plaza Hotels Pvt. Limited, which was the first airport hotel with 100% occupancy. They also had a flight catering unit, which was also extremely successful in catering to airlines like Indian Airlines, Alitalia, Gulf Air, Aeroflot and others.

Subsequently, Mr. Advani, who by this time had become the representative for Ramada International Inc. in India, promoted the Ramada Renaissance Resort* in Goa along with an investment made by Ramada International Inc. This was the first time that Ramada International had ever invested in a Franchise operation.

Mr. Advani has received the Hall of Fame Award at ITB Berlin in March 2000 and an award from Giants International federation in Goa for his contribution towards the Hospitality Industry. He has been honored with a Vocational Excellence Award from the Rotary in Mumbai. He currently holds the esteemed position of Executive Vice President at the Indo-American Chamber of Commerce and Industry and also the Chairman of the London based World Travel and Tourism Council (India Initiative).

Shareholding
Promoter 50.25
FII 0.08
DII 0.11
Retail 1%+ 35.01

Total 85.45

Improved Revenues - OPM - NP with Regular Dividend
Increase in Reserves & Reduction in Debts - Almost debt free


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Naresh G
SEBI Reg.RA
ملاحظة
Moving North
ملاحظة
89 to 100
ملاحظة
106.5
ملاحظة
111
ملاحظة
116.75 Near UC
ملاحظة
High 120.80
تم فتح الصفقة
124.25
تم فتح الصفقة
142.65
تم فتح الصفقة
152
تم فتح الصفقة
High 171

- Net profit 93m rupees vs 87m (yoy); 4.5m (qoq)
- Revenue 323m rupees vs 290m (yoy); 172m (qoq)
- EBITDA 128m rupees vs 117m (yoy)
- EBITDA margin 39.67% vs 40.48% (yoy)
- Company declared the first interim dividend of 2 rupees per share
- Company recommended issue of bonus equity shares in proportion of 1:1
تم فتح الصفقة
84 to 171
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