Chalet Hotels Ltd

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NSEBSE

840.15-9.70 (-1.14%)

03:53 PM,27th Feb 2024

840.40-10.25 (-1.20%)

04:01 PM,27th Feb 2024

BSE : 542399

NSE : CHALET

Sector : Services

ISIN Code : INE427F01016

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Last Updated: Feb 27 2024 | 04:01 PM IST

Market Cap (₹ Cr)

17262

Turnover (₹ Cr)

2.03

Volume (Shares)

241613

Face Value

10

52-WK High

891.75

52-WK High Date

20 Feb 2024

52-WK Low

349.00

52-WK Low Date

27 Feb 2023

All Time High

891.75

All Time High Date

20 Feb 2024

All Time Low

99.60

All Time Low Date

29 May 2020

Chalet Hotels Ltd

Chalet Hotels Limited was incorporated as a Private Limited Company with the name 'Kenwood Hotels Private Limited' on January 6 1986. On July 19 1997 the Company was converted into a Public Company and the name was changed to 'Kenwood Hotels Limited'. On April 6 1998 the name of Company was further changed to 'K. Raheja Resorts & Hotels Limited'. Thereafter on May 4 1999 the name was changed to 'Chalet Hotels Limited'. On the conversion of Company to a Private Limited Company and a fresh Certificate of Incorporation issued by the RoC on October 15 2011 the name changed to 'Chalet Hotels Private Limited'. Resulting to this Company converted to a Public Limited Company and name of the Company was changed to 'Chalet Hotels Limited' effective on June 6 2018.Chalet Hotels Limited the hospitality arm of one of India's leading real-estate development group viz. K Raheja Corp is an owner developer asset manager and operator of hotels under globally leading hospitality brands and resorts in the Mumbai Metropolitan Region (MMR) National Capital Region (NCR) Hyderabad Bengaluru Pune and Lonavala.The Company is engaged in business of hospitality (hotels) commercial and retail operations and real estate development. At March 31 2023 the Company has 6 hotels (and one service apartment building) operating at Powai and Sahar (Mumbai) Vashi (Navi Mumbai) Pune Bengaluru and Hyderabad commercial property at Bengaluru and Sahar Mumbai and is engaged in construction and development of a residential property at Bengaluru.Chalet Hotels Limited came out with an Initial Public Offering (IPO) of 58613571 equity shares of Face Value of Rs 10 each of the company for cash at a price of Rs 280 per equity share (including a share premium of Rs 270 per equity share) aggregating to Rs1614.18 Crores. The offer comprises of a fresh issue of 33928571 equity shares aggregating Rs 950 crores by the company (fresh issue) and an offer for sale of 24685000 equity shares aggregating to Rs 691.18 comprising an offer for sale of 5550000 equity shares aggregating to Rs 155.40 crores by Ravi C Raheja 5550000 equity shares aggregating to Rs 155.40 by Neil C Raheja 10784176 equity shares aggregating to Rs 301.96 crores by K Raheja Corp Pvt. Ltd. 800000 equity shares aggregating to Rs 22.40 crores by Palm Shelter Estate Development LLP. and 2000824 equity shares aggregating to Rs 56.02 crores by Ivory Properties and Hotels Pvt. Ltd (the selling shareholders). The IPO was priced at Rs 280 per equity share.IIn FY'21 the Company acquired 20.8% of the Equity Share Capital of Krishna Valley Power Private Limited and 26% of the Equity Share Capital of Sahyadri Renewable Energy Private Limited being entities engaged in generation of hydropower.During 2021-22 commercial projects in Mumbai and Bengaluru and the residential project at Bengaluru were recommenced. It completed the 1st phase of renovation and rebranding of Powai Hotel and expanded room inventory at Novotel in Pune.In 2022-23 the Company acquired 80-room resort property `The Dukes Retreat' at Lonavala; it ventured into the North Indian market with the Delhi International Airport Limited to design develop and operate a hotel opposite Terminal 3 at the IGI Airport in New Delhi. It opened the first all-women operated hotel - The Westin Hyderabad HITEC City in June 2023.During 2022-23 the Company commissioned renovation of 121 rooms and the banquet facilities at `The Westin Mumbai Powai Lake'; expansion work on 88 rooms at Novotel Pune Nagar Road; construction of the commercial tower at Whitefield CIGNUS Tower 1 and conversion of the mall at Bengaluru to commercial premises.In 2022-23 the Company acquired 100% of the Equity Shares of Sonmil Industries Private Limited and accordingly post completion of the transaction Sonmil was made a wholly owned subsidiary of the Company effective March 23 2023. Similarly 82.28% of the Equity Shares of The Dukes Retreat Private Limited was acquired and it became the subsidiary of the Company effective from the March 23 2023.In 2022-23 the Transferor Companies viz. Belaire Hotels Private Limited and Seapearl Hotels Private Limited merged with the Company through Scheme of Amalgamation effective from June 19 2023.

Chalet Hotels Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

17262

EPS - TTM (₹) [S]

11.99

P/E Ratio (X) [S]

10.18

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]82.54
P/B Ratio (₹) [S]10.18
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
SBI Retirement Benefit Fund-Conser Hyb Plan (G) 2.42 28800 0.95
SBI Retirement Benefit Fund-Conser Hyb Plan (IDCW) 2.42 28800 0.95
SBI Retirement Benefit Fund-Conser Hyb Plan-Dir(G) 2.42 28800 0.95
SBI Retirement Benefit Fund-Conser HybPlan-D(IDCW) 2.42 28800 0.95
SBI Retirement Benefit Fund-Conservative Plan (G) 0.75 8900 0.44
SBI Retirement Benefit Fund-ConservativePlan(IDCW) 0.75 8900 0.44
SBI Retirement Benefit Fund-Conservative P-Dir(G) 0.75 8900 0.44
SBI Retirement Benefit Fund-Conservative P-D(IDCW) 0.75 8900 0.44
Groww Nifty Total Market Index Fund-Regular (G) 0.03 345 0.03
Groww Nifty Total Market Index Fund-Direct (G) 0.03 345 0.03

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Research Reports

Date BrokerActionPrices(Rs)Report
26-10-2023Prabhudas Lilladher Buy 560
12-05-2023Prabhudas Lilladher Buy 393
25-01-2023Prabhudas Lilladher Buy 357
30-12-2022Prabhudas Lilladher Buy 331

Stock Strength

Today's Low/High

838.30

865.00

Week Low/High

815.10

892.00

Month Low/High

725.05

892.00

Year Low/High

349.00

892.00

All time Low/High

99.00

892.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week0.26%0.24%0.050.01%
1 Month10.30%10.27%3.393.96%
3 Month42.92%42.91%10.8012.14%
6 Month60.76%60.78%12.6515.22%
1 Year130.59%130.72%23.2927.63%
3 Year405.51%405.96%48.8752.78%

Company Info

Company Information

Registered Office: Raheja Tower P No C-30 Block G, Bandra Kurla Complex Bandra(E),Mumbai,Maharashtra-400051 Ph: 91-22-26564000

Email:investorrelations@chalethotels.com

URL:http://www.chalethotels.com