Mac Charles (India) Ltd

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NSEBSE
Stock not tradded

460.00-5.00 (-1.08%)

04:01 PM,1st Mar 2024

BSE : 507836

NSE :

Sector : Infrastructure

ISIN Code : INE435D01014

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

Face Value

10

52-WK High

0.00

52-WK High Date

Invalid date

52-WK Low

0.00

52-WK Low Date

Invalid date

All Time High

0.00

All Time High Date

Invalid date

All Time Low

0.00

All Time Low Date

Invalid date

Mac Charles (India) Ltd

Mac Charles (India) Ltd incorporated in Sep.'79 had established its hotel in collaboration with Holiday Inn a division of Bass UK. The hotel was promoted by C B Pradhanani an NRI tycoon from Dubai. The five-star hotel made a soft opening in Nov.'86. In the next two years the facilities gradually became functional and the hotel additives were in full swing. Failure to achieve planned business volumes coupled with huge interest burden sent it into the red. After a long downturn there was a change in the company's fortunes in 1993-94. Presently the Company is involved in generation of electricity through wind turbine generators located in Gadag and Bellary Districts and in construction & leasing of commercial real estate properties. The company has not spent much money on hotel renovation and refurbication and it may spend Rs 2-3 Crore on the entire renovation and refurbication as the Holiday Inn collaboration is nearing expiry and the Holiday Inn group will not renew it unless the hotel is totally renovated and refurbished.In 2003-04 the Company has dis-invested in Vaswani Properties Private Ltd and in Vaswani Investments and Holdings Private Ltd.M/s. Starwood Hotels & Resorts USA acquired Le Meridien Group of Hotels worldwide in 2005-06. The Company invested 100% share capital in Messrs. Nedstar Hotels Private Limited effective on 18 June 2010. M/s. Starwood Hotels & Resorts USA acquired Le Meridien Group of Hotels worldwide in 2005-06. The Company invested 100% share capital in Messrs. Nedstar Hotels Private Limited effective on 18 June 2010. The Company acquired 100% shareholding in Blue Lagoon Real Estate Private Limited and Neptune Real Estate Private Limited on 5th July 2019 and hence they became wholly owned subsidiaries during the year 2018-19.The Company in 2022 disposed of its investments in wholly owned and material subsidiary i.e. Airport Golfview Hotels & Suites Pvt Ltd. And it ceased to be a subsidiary and also the material subsidiary of the Company. It acquired the investments in equity shares of Embassy Bhivandi Projects Private Limited and the name of this Company was changed to Mac Charles Hub Projects Private Limited.In 2022 the Company diversified into the real estate & property development business as per Main Objects clause of the Memorandum of Association of the Company. The preliminary work for construction of a landmark commercial building at the erstwhile site of the Le Meridien Hotel was completed in 2023.

Mac Charles (India) Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

602

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

1.30

Face Value (₹) 10
Latest Dividend (%)100.00
Latest Dividend Date 14 Aug 2019
Dividend Yield (%) -
Book Value Share (₹) [S]352.58
P/B Ratio (₹) [S]1.30
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

454.10

468.00

Week Low/High

454.10

495.00

Month Low/High

454.10

500.00

Year Low/High

335.00

544.00

All time Low/High

3.00

914.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.14%%0.820.57%
1 Month-4.68%%2.932.96%
3 Month14.39%%9.2810.22%
6 Month6.98%%12.7814.94%
1 Year29.10%%24.1328.01%
3 Year113.31%%47.9351.33%

Company Info

Company Information

Independent Director : P B Appiah

Independent Director : Tanya Girdhar John

Non Executive Director : P R Ramakrishnan

Non Executive Director : Aditya Virwani

Company Sec. & Compli. Officer : Chandana Naidu

WTD & Additional Director : Harish Anand

Independent Director : Bijoy Das

Registered Office: #71/4 1 st Floor, Cunningham Road,Bangalore,Karnataka-560052 Ph: 91-080-49030000

Email:investor.relations@maccharlesindia.com

URL:http://www.maccharlesindia.com