Oriental Hotels Ltd

Know More
NSEBSE

137.707.70 (5.92%)

12:00 AM,23rd Feb 2024

137.557.90 (6.09%)

12:00 AM,23rd Feb 2024

BSE : 500314

NSE : ORIENTHOT

Sector : Services

ISIN Code : INE750A01020

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Feb 23 2024 | 12:00 AM IST

Market Cap (₹ Cr)

2459

Turnover (₹ Cr)

4.55

Volume (Shares)

3305780

Face Value

1

52-WK High

141.05

52-WK High Date

23 Feb 2024

52-WK Low

75.05

52-WK Low Date

14 Mar 2023

All Time High

141.05

All Time High Date

23 Feb 2024

All Time Low

5.10

All Time Low Date

24 Sep 2001

Oriental Hotels Ltd

Oriental Hotels Limited (OHL) was incorporated in the year 1970 to establish and run world class hotels. Taj Coromandel was the first hospitality project of OHL. OHL's hotels are marketed as part of the Taj Group of Hotels. Over a period of time OHL has established itself as a very reliable and steadily growing Hotel Company and has expanded its operations significantly. Presently the Company has seven hotels mostly in southern states and predominantly in Tamil Nadu.Promoted by the Reddy Group of South India Oriental Hotels entered into a technical assistance and operating contract with the Indian Hotels Company (IHC). Taj Coromandel the flagship hotel was inaugurated in 1974. In 1975 the entire hotel was functioning with 224 guest rooms. In 1985 the company signed an agreement with Covelong Beach Hotels (India) to operate their Fisherman's Cove Beach Resort in Madras. It also signed an operating contract for the Emboodhu Finolhu Island Resort Maldives.In 1985 the company took on lease the Malabar Hotel at Cochin which was extensively renovated and opened to guests in 1986. In 1988-89 the company entered into an agreement with the International Airports Authority of India to operate snackbars at Madras Airport. In Jun.'93 it offered rights at a premium of Rs 60 to raise part funds required to renovate refurbish modernise and upgrade its hotels. In 1994-95 the company concluded an operating agreement with OEL International Hongkong to render technical services for its Chicago based hotel - Executive Plaza. The US based wholly owned subsidiary was set up from proceeds received out of $30 mln GDRs issue. In 1995-96 the company acquired controlling stake in Coramandel Hotels. During the year 1999-2000 in a major restructuring exercise of international operations the Executive Plaza Hotel Chicago USA was sold. OHL (HK) plans to expand by making long term equity investments in St. James Court Hotel London Taj Lanka Resorts Limited Sri Lanka and Taj Maldives Pte. Ltd Maldives.During the year 2000-2001 the Company continued with its plans to upgrade and modernise the facilities in all its hotels. The heritage wing at the Luxury Resort Hotel Taj Malabar after major renovation and refurbishment covering the lobby main block guest rooms was commissioned in March 2001. Taj Malabar Hotel has added a Thai Restaurant as part of its new offering to the guests. The Phase II of renovation covering 15 cottages at Luxury Resort Fisherman's Cove was also completed during the year.The company has considered the proporsal of amalgamation of Covelong Beach Hotel (India) and Coromandel Hotel with the company.During the year 2002-03 Scheme of Amalgamation of Orient Holdings Ltd and Fishcove Leasing and Investment Ltd with the Company was approved by the Honble High Court of Judicature at Madras.During the year 2009 major renovation exercises were taken up at The Gateway Hotel Visakhapatnam and Taj Coromandel Chennai. The Company took on a 137-room hotel in Trivandrum which launched as Vivanta by Taj Hotel during 2010. Similarly it renovated and reopened 2 Food and Beverage outlet in 2010. Room inventory grew by 200 RPD at Vivanta by Taj Fisherman's Cove and Vivanta by Taj Surya - Coimbatore which was opened on January 19 2012 with 180 rooms. Besides this the 180-room hotel in Coimbatore Vivanta by Taj Surya was commissioned. The expansion block in Vivanta by Taj-Fisherman's Cove was completed with the commissioning of the balance 14 rooms. The South Indian restaurant Southern Spice was renovated in 2012.During year 2012-13 the Ball Room complex at Taj Coromandel Chennai was fully renovated and 7000 Sqft. additional space was also added. A new 4000 Sqft. Fitness Center was opened. The capacity expansion at Vivant by Taj - Fishermen's Cove Chennai was completed with all the 64 new rooms made operational. Vivanta by Taj - Surya Coimbatore opened a Barbeque Restaurant and a Chinese Restaurant and Vivanta by Taj - Trivandrum opened a new (Jiva) Spa and a Chinese restaurant.The Company at its unit `Taj Coromandel' commissioned Jiva SPA facility costing Rs 11.58 Crores in 2014-15. In 2018-19 it sold hotel unit viz. The Gateway Hotel at Visakhapatnam to Varun Hospitality Private Limited (VHPL) for a consideration of Rs 120.10 Crores.

Oriental Hotels Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

2459

EPS - TTM (₹) [S]

3.18

P/E Ratio (X) [S]

7.21

Face Value (₹) 1
Latest Dividend (%)50.00
Latest Dividend Date 13 Jul 2023
Dividend Yield (%) 0.36
Book Value Share (₹) [S]19.09
P/B Ratio (₹) [S]7.21
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Quant Value Fund (G) 36.82 2977696 3.30
Quant Value Fund (IDCW) 36.82 2977696 3.30
Quant Value Fund - Direct (G) 36.82 2977696 3.30
Quant Value Fund - Direct (IDCW) 36.82 2977696 3.30
Quant Small Cap Fund - (G) 22.46 1816804 0.14
Quant Small Cap Fund - (IDCW) 22.46 1816804 0.14
Quant Small Cap Fund - Direct (G) 22.46 1816804 0.14
Quant Small Cap Fund - Direct (IDCW) 22.46 1816804 0.14

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

129.30

141.05

Week Low/High

121.70

141.00

Month Low/High

117.95

141.00

Year Low/High

75.05

141.00

All time Low/High

4.00

141.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week11.32%11.68%1.290.78%
1 Month14.85%14.89%4.244.59%
3 Month35.23%35.40%11.1212.17%
6 Month65.41%65.50%12.1114.24%
1 Year75.30%75.41%23.0726.85%
3 Year501.31%497.40%47.4551.03%

Company Info

Company Information

Director : D Vijayagopal Reddy

Managing Director & CEO : Pramod Ranjan

Director : Ramesh D Hariani

Independent Director : Gita Nayyar

Independent Director : Vijay Sankar

Independent Director : Phillie Dare Karkaria

Director : Giridhar Sanjeevi

Chairman (Non-Executive) : Puneet Chhatwal

Independent Director : Harish Lakshman

Independent Director : Nina Chatrath

Registered Office: Taj Coromandel Hotel, 37 Mahatma Gandhi Road,Chennai,Tamil Nadu-600034 Ph: 91-44-66002827

Email:ohlshares.mad@tajhotels.com

URL:http://www.orienthot.co.in