Bharat Hotels Limited Unlisted Shares
Bharat Hotels Ltd.
Bharat Hotels Ltd. was incorporated in the year -1981. Its today’s share price is 28.85. Its current market capitalisation stands at Rs 219.23 Cr. In the latest quarter, company has reported Gross Sales of Rs. 0 Cr and Total Income of Rs.0 Cr. The company’s management includes Shovana Narayan, Himanshu Pandey, Ranjan Mathai, Dhruv Prakash, Vivek Mehra, Mohmmad Yousuf Khan, Ramesh Suri, Keshav Suri, Deeksha Suri, Divya Suri Singh, Jyotsna Suri, Jyotsna Suri. It is listed on the BSE with a BSE Code of 508984, NSE with an NSE Symbol of and ISIN of INE466A01015. It’s Registered office is at Barakhamba Lane, New Delhi-110001, Delhi. Their Registrars are ACC Ltd. It’s auditors are SR Batliboi & Associates, SR Batliboi & Associates LLP, SR Batliboi & Co LLP, Walker Chandiok & Co LLP.
Bharat Hotels has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises sale of fresh equity shares to the tune of Rs 1,200 crore. The company, which filed the draft red herring prospectus with the SEBI in June, got the regulator’s approval.
Financials of Bharat Hotels Unlisted Shares:
Key Parameters in Hotel Industry
| Sr.no | 2018 | 2017 | 2016 | 2015 | 2014 |
| Number of available rooms | 2261 | 2206 | 2207 | 2207 | 2046 |
| Number of hotels | 14 | 13 | 13 | 13 | 12 |
| ARR (₹) | 6388 | 6306 | 6320 | 6613 | 7346 |
| Average Occupancy Rate (%) | 62 | 55 | 51 | 45 | 38 |
| Average RevPAR (₹) | 3974 | 3494 | 3200 | 2973 | 2813 |
| Average TRevPAR (₹) | 9143 | 8256 | 7679 | 6949 | 6461 |
| Average expense per room (₹ million) | 2.35 | 2.13 | 2.01 | 1.86 | 1.77 |
| Average staff per room ratio | 1.69 | 1.68 | 1.66 | 1.57 | 1.69 |
| EBITDA (₹ million) | 2242 | 1954 | 1777 | 1227 | 781 |
| EBITDA margin (%) | 29.71% | 29.42% | 28.66% | 23.04% | 17.78% |
Financials Performance (Fig. in Crores)
| Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | F.V. | EPS |
| 2016 | 586 | 163 | 28% | -40 | -7% | 7.60 | 10 | -5.37 |
| 2017 | 629 | 191 | 30% | -16 | -3% | 7.60 | 10 | -2.15 |
| 2018 | 754 | 224 | 30% | 83 | 11% | 7.60 | 10 | 11.04 |
| 2019 | 811 | 250 | 31% | 28 | 4% | 7.60 | 10 | 3.74 |
| 2020 | 729 | 221 | 30% | -73 | -10% | 7.60 | 10 | -9 |
| Year | Debt | NW | D/E | CR | CFO | Capex | FCF |
| 2016 | 1116 | 963 | 1.16 | 0.58 | 140 | 60 | 79 |
| 2017 | 1247 | 940 | 1.33 | 0.78 | 188 | 72 | 116 |
| 2018 | 1365 | 962 | 1.42 | 0.41 | 218 | 115 | 102 |
| 2019 | 1333 | 983 | 1.36 | 0.38 | 237 | 75 | 162 |
| 2020 | 1348 | 869 | 0.64 | 0.60 | 245 | 40 | 205 |
- Bharat Hotels Ltd Annual Report 2020-21
- Bharat Hotels Ltd Annual Report 2019-20
- Bharat Hotels Ltd Annual Report 2018-19
- Bharat Hotels Ltd Annual Report 2017-18
Comparison With Peers:
| Particulars (Cr) | Lemon Tree | Bharat Hotel |
| Revenue (2020) | 669 | 729 |
| Revenue growth in 5 years | 16% | 5.61% |
| EBITDA (2020) | 236 | 221 |
| PAT (2020) | -10 | -73 |
| Share Price | 45 | 250 |
| MCAP | 3500 | 1900 |
| EV | 5305 | 3198 |
| EV/EBITDA | 22.48 | 14.47 |
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