Fundamental Report. 24/Feb/2015

Transcription

1 Fundamental Report 24/Feb/2015

2 Mahindra Holidays & Resorts India Company story: Mahindra Holidays & Resorts India Limited was incorporated on September 20, One of the leading leisure hospitality providers in India, offering quality family holidays with a range of services designed to meet the diverse holiday needs and interests of a family. It provides family holidays primarily through vacation ownership memberships. The members can choose to stay and holiday at resorts in a range of holiday destinations for a predetermined number of days in a year for a fixed number of years. The resorts offer the use of furnished accommodation, such as apartments and cottages, and an experience through resort specific amenities and facilities, such as restaurants, ayurvedic spas, kids clubs and a variety of holiday activities. Club Mahindra Holidays is the flagship service offering. As part of the growth strategy, It has also diversified the portfolio by introducing new vacation ownership offerings, Zest and Club Mahindra Fundays, Mahindra Homestays and travel and holiday related services through clubmahindra.travel. Club Mahindra Holiday membership currently entitles members the choice of holidaying at any of the 23 resorts, for seven days each year, in a season and apartment type of their choice, for 25 years. The members also have the option of choosing to holiday outside their season and apartment of their entitlement by using the exchange program. There is further flexibility accorded to the members in being able to bring or carry forward their annual entitlement, subject to certain limits. In addition, the members can choose to access a range of resorts globally through the RCI affiliation. As of May 31, 2009, it has 91,997 Club Mahindra Holiday vacation ownership members. The memberships provide members the right to use the resorts over the period of their membership and are not a property or deeded sale. This type of a membership, where the member has the flexibility to choose a different resort and the time to holiday every year (with certain seasonal limitations) is known as a 'floating week ' floating resort' model. It also provides the members with a fixed price structure, which it believes is consumer friendly. In addition, the company also provides easy financing options for the membership price to the prospective members. Share Data C.M.P Week High (Rs) Week Low (Rs) Beta 0.74 Face Value (Rs) 10 Mkt Cap (Rs. In Cr) % 10% Company Details Industry Chairman Managing Dir. Share Holding Promoter FII DII Other 14% NSE Code. MHRIL BSE Code Hotel, Resort & Restaurants AK Nanda Kavinder Singh Top Holding (%) (as on ) 75% Mahindra & Mahindra Ltd Government Pension Fund Global 3.59 BNP Paribas Arbitage 3.00 NYLIM Jacob Ballas Asset Mana 1.32 Morgan Stanley Mauritius Com 1.17 SBI Life Insurance Company Ltd 1.06

3 Financial Health: Y-o-Y Performance (Standalone)(Rs in Crore): Description Net Sales Total Income Total Expenditure PBIDT PAT Dividend % Adj. EPS(Rs) Balance Sheet: (Standalone) as on (Rs in Crore) Share Capital Net Block Reserve Long term Investments Share Holder's Funds Short term investments Long Term Debt - Calc 0.00 Total Investments Short Term Debt - Calc Cash and Bank Bal Total Debt - Calc 0.00 Net Current Assets Quarter On Quarter (Standalone, Rs in cr.) Particulars Q on Q Var% Y on Y Var% Net Sales Total Expenditure PBIDT (Excl OI) PAT PBIDTM% (Excl OI) PBIDTM% PATM% Adj. EPS(Rs) Peer Group Comparison (Standalone)(Rs in Crore): (Rs in Crore) Company Name EIH Hotel Leela Venture Ind Tourism Dev Corp Indian Hotel Mahindra Holi.&Resor Year End Net Sales PBIDT PAT Adj. EPS(Rs) PBIDTM% PATM% ROCE% ROE% TTM Ratios 20-Feb Feb Feb Feb Feb-2015 Latest EPS(Rs) Latest CEPS(Rs) Price/TTM CEPS(x) TTM PE (x) Price/BV(x) EV/TTM EBIDTA(x) EV/TTM Sales(x) Dividend Yield% MCap/TTM Sales(x) Latest Book Value (Rs)

4 Investment Conclusion: Basis of analysis: 1. Fundamental and business profile aspects of company. 2. Share holding pattern among promoter, FII and DII. 3. Beside Company capitalization, turnover, net worth, investment, dividend percent and EPS is very sound. 4. Have potential to move up side in near short term and for long term could also add in portfolio. Great risk reward offer for patient long term investors.

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