TajGVK Hotels & Resorts Ltd

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NSEBSE

364.00-9.45 (-2.53%)

12:00 AM,2nd Mar 2024

364.30-9.30 (-2.49%)

12:00 AM,2nd Mar 2024

BSE : 532390

NSE : TAJGVK

Sector : Services

ISIN Code : INE586B01026

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Last Updated: Mar 02 2024 | 12:00 AM IST

Market Cap (₹ Cr)

2282

Turnover (₹ Cr)

0.41

Volume (Shares)

113178

Face Value

2

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TajGVK Hotels & Resorts Ltd

TAJ GVK Hotels & Resorts Limited was incorporated on 2nd February 1995 in Andhra Pradesh India. The Company is a joint venture between the Indian Hotels Co Ltd a Tata group company and the Hyderabad-based GVK Group. The company is engaged in the hospitality and tourism industry. It currently has operations in Hyderabad Chandigarh and Chennai..During the year 1999-2000 the company made a tie-up with a leading Hotels Chain Taj Group of Hotels as a Strategic Investor-cum-operating Alliance with a view to enhance the services and improve the overall operations. Also the Indian Hotels Company Ltd had invested an amount of Rs 40 crores in the company.During the year the company changed their name from GVK Energy Resources Ltd to GVK Hotels & Resorts Ltd as a part of the restructuring programme so as to bring the entire hospitality business of the group under one company. The company made a scheme of arrangement with Novopan Industries Ltd and Scheme of Amalgamation with Hotel Sree Krishna Ltd during the year. Accordingly the Hotel Division of Novopan Industries Ltd and the entire undertaking of Hotel Sree Krishna Ltd was de-merged and merged with GVK Hotels & Resorts Ltd with effect from April 1 1999. Also the name of the company was changed to TajGVK Hotels & Resorts Ltd.During the year 2002-03 the guestrooms on two floors at Taj Krishna had been completely renovated. Also the company built The Deccan Hall a large convention hall to cater the needs of inter-alia large conferences weddings and exhibitions. During this period the company completed the acquisition of a hotel project at Chandigarh from India Tourism Development Corporation through a process of disinvestment. With the acquisition of 100% equity Punjab Hotels Ltd the owning company of Chandigarh hotel project became a wholly owned subsidiary of the company.During the year 2003-04 the Banquet Hall at Taj Krishna was completely renovated into The Grand Bal Room providing a luxurious and exquisite ambience using the finest Italian marble intricate inlay and wood work rich hand woven carpets and ornate chandeliers. Also they renovated about 100 guestrooms between the three hotels during the year. A new car park facility to accommodate about 250 cars was added at Taj Residency. Punjab Hotels Ltd the owning company Chandigarh Hotel Project was merged with the company with effect from November 1 2002.In June 20 2005 the company commissioned the first branded five star hotel in the city of Chandigarh Taj Chandigarh. The hotel is the first branded five star hotel in the city and has 152 guestrooms coffee shop 2 restaurants bar and banquet halls. During this period the company acquired Sri Tripurasundari Hotels Ltd which had a partly built hotel in Chennai. During the year 2006-07 Sri Tripurasundari Hotels Ltd merged with the company with effect from April 1 2006. During the year 2007-08 the company added a new restaurant restobar and 23 guest rooms in the existing block of Taj Deccan at a cost of Rs 25 crore. Also they plan to add 180 rooms at the cost of Rs 100 crore. The company is proposing to construct the service apartments (43 nos) 7000 sq ft spa and the additional car parking facility at the existing premises of Taj Krishna at an estimated cost of Rs 75 crores. They are planning to open a shopping arcade for premium international luxury brands in the hotel.In December 2008 the company launched their new premium Five Star Hotel in the centre of Chennai by the name Taj Mount Road Chennai. The company is in the process of identifying and acquiring land in Bangalore Jaipur Kodaikanal and Amritsar for hotel projects.The Taj Mount Road Chennai Hotel Project was completed and made operational on 22nd December 2008. The construction of an additional car parking facility along with connecting bridge at Taj Krishna was completed in 2012-13. The excavation works on the Ginger Hotel near the Shamshabad International Airport was completed in 2013. The Company's JV company i.e. Greenwoods Palaces & Resorts Private Limited in which TAJGVK has 48.99% of equity completed the construction of Taj Santacruz hotel 5 star luxury deluxe hotel at Mumbai International Airport Domestic terminal and started the commercial operations from January 2016. In FY 2016-17 it completed the renovation of Kohinoor-Banquet Hall in TAJ Deccan and Seasons Bar and Garden Room in TAJ Krishna.In 2018-19 the Company completed the renovation/ refurbishment of 3 floors and also completed the renovation of Restaurants. completed the construction of compound wall to secure the site and also completed the rejuvenation of Bengaluru Hotel Project.In 2022-23 the Company took up the phased refurbishments works of Guest Rooms and completed the renovation / refurbishment and renovated around 26 Guest Rooms and 2 Suite Rooms works in the 6 floor in Taj Krishna. Similarly it took up the renovation of 10 Corridor facing Guest rooms each in 1st and 2nd floor and entire 54 rooms in 3rd floor of Taj Deccan during February 2023. The Company also taken up the refurbishment of All Day Dining Restaurant Specialty Restaurant and BAR.

TajGVK Hotels & Resorts Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

2282

EPS - TTM (₹) [S]

10.05

P/E Ratio (X) [S]

4.64

Face Value (₹) 2
Latest Dividend (%)30.00
Latest Dividend Date 16 Jul 2019
Dividend Yield (%) 0.27
Book Value Share (₹) [S]78.51
P/B Ratio (₹) [S]4.64
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
ITI Small Cap Fund - Direct (IDCW) 21.36 833051 1.02
ITI Small Cap Fund - Direct (G) 21.36 833051 1.02
ITI Small Cap Fund (IDCW) 21.36 833051 1.02
ITI Small Cap Fund (G) 21.36 833051 1.02
Quant Small Cap Fund - (IDCW) 21.25 828694 0.14
Quant Small Cap Fund - (G) 21.25 828694 0.14
Quant Small Cap Fund - Direct (G) 21.25 828694 0.14
Quant Small Cap Fund - Direct (IDCW) 21.25 828694 0.14
ITI Multi Cap Fund - Direct (IDCW) 6.31 246093 0.75
ITI Multi Cap Fund - Direct (G) 6.31 246093 0.75

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Research Reports

Date BrokerActionPrices(Rs)Report
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Stock Strength

Today's Low/High

358.50

376.20

Week Low/High

339.90

405.00

Month Low/High

279.40

414.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-6.55%-6.69%0.910.75%
1 Month26.74%27.14%2.392.40%
3 Month64.45%64.45%9.3710.41%
6 Month53.49%53.42%12.8815.14%
1 Year91.88%92.29%25.2929.19%
3 Year192.96%193.55%46.7450.00%

Company Info

Company Information

Non Executive Chairman : G V Krishna Reddy

ED / MD / Promoter : G Indira Krishna Reddy

Non-Exec & Non-Independent Dir : Krishna Ram Bhupal

Non-Exec & Non-Independent Dir : PRABHAT VERMA MUKUNDSAHAY

Non-Exec & Non-Independent Dir : Ashish Seth

Non-Exec & Non-Independent Dir : ANOOP VRAJLAL MEHTA

Independent Non Exe. Director : D R Kaarthikeyan

Independent Non Exe. Director : M B N Rao

Independent Non Exe. Director : A Rajasekhar

Independent Non Exe. Director : NADIGADDA SANDEEP REDDY

Independent Non Exe. Director : Anil Kumar Reddy

Independent Non Exe. Director : Dinaz Noria

Independent Non Exe. Director : LANKA SUBRAHMANYAM VENKATA

Registered Office: Taj Krishna Road No 1, Banjara Hills,Hyderabad,Telangana-500034 Ph: 91-40-6629 3664

Email:tajgvkshares.hyd@tajhotels.com

URL:http://www.tajgvk.in