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Company Overview
Bharat Hotels Limited (BHL), a distinguished name in the realm of luxury hospitality, stands tall as a beacon of excellence in India’s thriving hospitality sector. With a rich legacy spanning over four decades, BHL has redefined opulence, offering unparalleled experiences across its exquisite portfolio of properties.
Key Offerings:
| Segment | Properties | Room Count |
|---|---|---|
| Luxury Hotels | – The LaLiT New Delhi – The LaLiT Mumbai – The LaLiT Ashok Bangalore – The LaLiT Great Eastern Kolkata – The LaLiT Jaipur – The LaLiT Chandigarh | 2,261 |
| Palaces | – The Lalit Laxmi Vilas Palace Udaipur – The LaLiT Grand Palace Srinagar | – |
| Resorts | – The LaLiT Golf & Spa Resort Goa – The LaLiT Resort & Spa Bekal (Kerala) – The LaLiT Mangar – The LaLiT Temple View Khajuraho | – |
| Mid-Market | – The LaLiT Traveller Jaipur – The LaLiT Traveller Khajuraho | – |
Future Expansion Plans:
- Luxury Segment:
- Development of three new hotels in Ahmedabad, Mangalore, and Dehradun.
- Expansion of room capacity at The LaLiT Laxmi Vilas Palace Udaipur.
- Mid-Market Segment:
- Launch of four new hotels in Ahmedabad, Pune, Amritsar, and Chitrakoot.
Unique Dining Experiences:
BHL’s culinary prowess extends beyond hospitality, with a diverse array of 45 restaurants, bars, and bakery outlets across its properties. Signature brands such as 24/7, Baluchi, OKO, and Kitty Su tantalize the palate, enriching the guest experience.
Fundamentals
| Current Price | ₹ 335 | Debt to Equity | 1.74 |
| Market Cap | ₹ 2542.65 Cr. | Face Value | ₹ 10 |
| Book Value | ₹ 102.09 | Stock P/E | – |
| P/B | 3.28 | P/E Ratio | 51.86 |
| PAN Number | AAACB1298E | EPS | 6.46 |
| ISIN | INE466A01015 | No. of Shares | 75.9 Cr. |
Promoters & Managements
| Dr. Jyotsna Suri | Chairperson, MD |
| Divya Suri | Executive Director |
| Deeksha Suri | Executive Director |
| Mr. Vivek Shukla | CEO |
Financial Performance (in Crores)
| Item | 2022 | 2023 |
|---|---|---|
| Revenue | 314.7 | 830 |
| Cost of Material Consumed | 30 | 77 |
| Gross Margins (%) | 90.29% | 90.38% |
| Change in Inventory | 0.1 | 0 |
| Employee Benefit Expenses | 50 | 92 |
| Other Expenses | 119 | 275 |
| EBITDA | 109.9 | 356 |
| Operating Profit Margin (OPM) (%) | 35.57% | 44.5% |
| Other Income | 5.7 | 30 |
| Finance Cost | 176 | 185 |
| Depreciation & Amortization | 65 | 68 |
| EBIT | 44.9 | 288 |
| EBIT Margins (%) | 14.53% | 36% |
| Profit Before Tax (PBT) | -125 | 134 |
| PBT Margins (%) | -40.45% | 16.75% |
| Tax | -66 | 85 |
| Profit After Tax (PAT) | -59 | 49 |
| Net Profit Margin (NPM) (%) | -19.09% | 6.13% |
| Earnings Per Share (EPS) | -7.77 | 6.46 |
Financial Ratios (2022 - 2023)
| Ratio | 2022 | 2023 |
|---|---|---|
| Operating Profit Margin | 35.57% | 44.5% |
| Net Profit Margin | -19.09% | 6.13% |
| Earnings Per Share | -7.77 | 6.46 |
Assets (2022 - 2023)
| Asset Category | 2022 (in Crores) | 2023 (in Crores) |
|---|---|---|
| Fixed Assets | 1277 | 1624 |
| CWIP | 302 | 286 |
| Investments | 0 | 0 |
| Trade Receivables | 19 | 37 |
| Inventory | 17 | 18 |
| Other Assets | 950 | 509 |
| Total Assets | 2565 | 2474 |
Liabilities (2022 - 2023)
| Liability Category | 2022 (in Crores) | 2023 (in Crores) |
|---|---|---|
| Share Capital | 75.9 | 75.9 |
| FV | 10 | 10 |
| Reserves | 726 | 699 |
| Borrowings | 1338 | 1347 |
| Trade Payables | 77 | 82 |
| Other Liabilities | 348.1 | 270.1 |
| Total Liabilities | 2565 | 2474 |
| Item | 2022 (in Crores) | 2023 (in Crores) |
|---|---|---|
| PBT | -125 | 134 |
| OPBWC | 134 | 353 |
| Change in Receivables | 4.6 | -18 |
| Change in Inventories | 0.9 | -1 |
| Change in Payables | -7.5 | 1 |
| Other Changes | 2.7 | 3 |
| Working Capital Change | 0.7 | -15 |
| Cash Generated From Operations | 134.7 | 338 |
| Tax | 1 | -22 |
| Cash Flow From Operations | 135.7 | 316 |
| Purchase of PPE | -9 | -18 |
| Sale of PPE | 0.4 | 49 |
| Cash Flow From Investment | -27.6 | 33 |
| Borrowing | 76 | -182 |
| Dividend | 0 | -0.02 |
| Equity | 0 | 0 |
| Others From Financing | -152 | -187 |
| Cash Flow from Financing | -76 | -369.02 |
| Net Cash Generated | 32.1 | -20.02 |
| Cash at the Start | 20 | 69 |
| Cash at the End | 52.1 | 48.98 |
Share Holding Pattern
| Deeksha Holding Limited | 40.42 | 40.42 |
| Mr. Jayant Nanda | 26.32 | 26.32 |
| Dr. Jyotsna Suri | 9.55 | 9.55 |
| Responsible Holding Pvt. Ltd. | 9.35 | 9.35 |
| Mr. Keshav Suri | 5.11 | 5.11 |
| Others | 9.25 | 9.25 |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the Bharat Hotels shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your Bharat Hotels shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the Bharat Hotels shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your Bharat Hotels shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for Bharat Hotels Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from Bharat Hotels most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of Bharat Hotels Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted Bharat Hotels shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
