Bharat Hotel Unlisted Shares
Buy - ₹330.00
Sell - ₹355.00
About Bharat Hotel Unlisted Shares
About Bharat Hotels Unlisted Shares
Bharat Hotels unlisted shares offer exposure to Bharat Hotels Limited (BHL), a leader in India’s luxury hospitality sector. Operating 12 luxury hotels, palaces, and resorts under The Lalit brand and two mid-market Traveller hotels, BHL manages 2,261+ rooms across prime destinations. Despite pandemic setbacks, the company showcased resilience with revenue surging to ₹862 crore in FY24 and PAT turning positive (₹85 crore). Strategic debt reduction and asset optimization position it for long-term growth.y, and operational scalability.
Business Segments
- Luxury Hospitality (Core Revenue):
- City Hotels:Â The Lalit New Delhi, Mumbai, Bangalore.
- Palaces:Â Laxmi Vilas Palace (Udaipur), Grand Palace (Srinagar).
- Resorts:Â Goa, Bekal, Khajuraho.
- Mid-Market Segment: The Lalit Traveller hotels in Jaipur and Khajuraho.
- Food & Beverage:Â 45+ outlets with brands like Baluchi, Kitty Su, and 24/7.
Financial Highlights (FY21–FY24)
- Revenue Growth: Revenue skyrocketed 475% from ₹150 crore (FY21) to ₹862 crore (FY24), driven by post-COVID travel revival.
- Profitability Turnaround: PAT improved from -₹90 crore (FY21) to ₹85 crore (FY24), with NPM rising to 9.86%.
- EBITDA Surge: EBITDA jumped 4,425% from ₹8 crore (FY21) to ₹362 crore (FY24), reflecting cost controls.
- Debt Reduction: Long-term debt fell by ₹340 crore (FY21–FY24), aided by asset sales (₹37 crore in FY24).
- Cash Flow Recovery: Operating cash flow reached ₹374 crore (FY24), funding debt repayment (₹245 crore).
- Asset Optimization: Fixed assets streamlined to ₹1,593 crore (FY24) from ₹1,624 crore (FY23).
Bharat Hotels Unlisted Shares Considerations
Bharat Hotels unlisted shares appeal to investors betting on India’s luxury travel resurgence. The company’s asset-light expansion, F&B diversification, and debt discipline signal recovery. However, risks include:
- Liquidity Constraints: Current ratio below 1x (₹150 crore assets vs. ₹278 crore liabilities).
- Interest Costs: High finance costs (₹202 crore in FY24) pressure net profits.
- Macro Risks:Â Geopolitical or health crises could disrupt travel demand.
Key Valuation Drivers:
- Occupancy Rates:Â Revival in business travel and tourism boosting room revenues.
- Asset Monetization:Â Further sale of non-core assets to strengthen liquidity.
- Premiumization:Â Growth in high-margin F&B and wellness services.
Disclaimer*This research has been conducted for investment purposes based on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We do not assume any responsibility for financial losses or inaccuracies in the data provided.
Pros
- Market Leadership – Recognized luxury hospitality leader with a strong pan-India presence.
- Strong Post-COVID Recovery – Revenue surged 475% from ₹150 crore (FY21) to ₹862 crore (FY24).
- Improved Profitability – EBITDA margins expanded from 5.33% (FY21) to 42% (FY24).
Cons
- High Debt Burden – Borrowings remain significant at ₹1,107 crore, with ₹202 crore in finance costs.
- Liquidity Constraints – Current liabilities (₹278 crore) exceed current assets (₹150 crore), straining liquidity.
- Industry Vulnerability – COVID-19 impact showed revenue volatility, dropping to ₹150 crore in FY21.
