Mahindra Holi.&Resor

₹262.8 -2.4 | 0.9%

WEBSITE BSE:533088 NSE : MAH HOLIDAY 23 Mar, 16:01

Market Cap ₹5288 Cr.

Stock P/E 70.1

P/B 5.8

Current Price ₹262.8

Book Value ₹ 45.5

Face Value 10

52W High ₹313.5

Dividend Yield 0%

52W Low ₹ 195

Edit Ratio

Mahindra Holi.&Resor Research see more...

Huge market potential and current share make up a case for Mahindra Holidays & Resorts India Ltd.

Overview Inc. Year: 1996Industry: Hotel, Resort & Restaurants

Mahindra Holidays & Resorts India Ltd operates in leisure hospitality industry. The Company is engaged in the commercial enterprise of sale of Vacation Ownership and different related offerings in India. The Company's fundamental activities consist of earnings from sale of vacation ownership (VO); annual subscription fee from VO individuals, and profits from sale of meals and drinks. It offers vacation ownership merchandise that offer vacation entitlements to its contributors over the life of the product. Apart from presenting rooms in form of furnished apartments and cottages at hotels, the Company gives its members various amenities, together with eating, holiday activities, spa and wellness centers. Club Mahindra is the Company's product in the holiday possession commercial enterprise, which entitles its participants a week's holiday in every 12 months for a period of 10 or 25 years relying upon the membership. It offers Heart-to-Heart, a member engagement initiative in their hometowns.

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Mahindra Holi.&Resor Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	481	489	465	371	546	553	543	605	598	602
Other Income	29	26	31	47	47	31	40	32	29	22
Total Income	511	515	496	418	593	584	583	637	627	624
Total Expenditure	388	414	421	343	428	472	455	505	482	511
Operating Profit	123	101	75	75	165	112	128	132	145	113
Interest	16	28	18	28	21	24	27	23	23	40
Depreciation	66	66	68	67	67	68	70	69	70	72
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	41	7	-11	-19	78	20	32	40	53	1
Provision for Tax	12	8	-1	2	18	7	16	10	11	15
Profit After Tax	29	-1	-10	-21	60	13	16	30	41	-14
Adjustments	-4	1	-0	-0	-1	0	0	-0	-1	2
Profit After Adjustments	25	0	-10	-21	59	14	16	30	41	-12
Adjusted Earnings Per Share	1.2	0	-0.5	-1.1	3	0.7	0.8	1.5	2	-0.6

Mahindra Holi.&Resor Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	578	739	816	812	1602	2267	2317	2239	2372	1730	2013	2348
Other Income	72	5	14	18	11	28	34	57	59	124	166	123
Total Income	650	744	830	830	1613	2294	2351	2296	2431	1854	2179	2471
Total Expenditure	478	566	650	623	1329	1932	1948	2056	1998	1490	1693	1953
Operating Profit	172	179	181	207	284	362	403	239	434	364	486	518
Interest	6	8	8	11	25	32	86	40	85	98	105	113
Depreciation	23	27	39	66	98	106	100	101	247	264	271	281
Exceptional Income / Expenses	0	0	0	-22	0	0	0	0	0	0	0	0
Profit Before Tax	143	143	134	107	161	224	217	98	101	2	111	126
Provision for Tax	41	52	47	27	56	79	84	38	236	16	43	52
Profit After Tax	102	91	87	80	105	146	133	59	-134	-14	68	73
Adjustments	-0	0	0	1	-18	3	-1	1	2	1	-0	1
Profit After Adjustments	102	91	87	81	87	149	132	60	-132	-13	68	75
Adjusted Earnings Per Share	5.4	4.8	4.4	4.1	4.4	7.5	6.6	3	-6.6	-0.7	3.4	3.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	16%	-3%	-2%	13%
Operating Profit CAGR	34%	27%	6%	11%
PAT CAGR	0%	5%	-14%	-4%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	15%	44%	7%	9%
ROE Average	9%	3%	19%	18%
ROCE Average	12%	36%	29%	19%

Mahindra Holi.&Resor Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	563	613	761	725	506	597	711	282	46	85	250
Minority's Interest	0	1	1	0	31	28	27	29	9	6	10
Borrowings	1075	1258	1393	1626	0	0	713	567	327	807	658
Other Non-Current Liabilities	44	51	70	72	1691	1881	2062	4413	6211	5610	5780
Total Current Liabilities	299	320	361	406	1352	1408	954	1318	1770	1506	1658
Total Liabilities	1981	2243	2586	2830	3580	3915	4467	6609	8363	8014	8356
Fixed Assets	597	762	991	1032	1339	1273	1459	2439	3862	3971	4186
Other Non-Current Assets	680	732	630	850	692	855	807	1712	1766	1418	1723
Total Current Assets	704	749	965	949	1549	1787	2201	2459	2735	2624	2447
Total Assets	1981	2243	2586	2830	3580	3915	4467	6609	8363	8014	8356

Mahindra Holi.&Resor Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	177	138	52	57	29	108	196	56	60	86	79
Cash Flow from Operating Activities	205	219	33	201	242	276	551	263	561	382	498
Cash Flow from Investing Activities	-205	-263	-88	-310	-386	-182	-547	-238	-284	-237	-257
Cash Flow from Financing Activities	-40	-41	60	78	274	-6	-144	-21	-254	-154	-217
Net Cash Inflow / Outflow	-39	-86	5	-31	131	88	-140	5	22	-8	24
Closing Cash & Cash Equivalent	138	47	57	28	166	196	56	60	86	79	103

Mahindra Holi.&Resor Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	5.42	4.82	4.39	4.1	4.38	7.48	6.65	3.03	-6.62	-0.66	3.38
CEPS(Rs)	6.65	6.26	6.37	7.4	10.23	12.66	11.7	8.07	5.66	12.54	16.93
DPS(Rs)	4	4	4	4	5	5	4	0	0	0	0
Book NAV/Share(Rs)	29.86	32.47	38.41	36.61	25.55	29.66	35.17	-25.99	-37.89	37.86	41.4
Core EBITDA Margin(%)	17.39	23.43	20.42	23.26	17.04	14.76	15.94	8.16	15.78	13.86	15.92
EBIT Margin(%)	25.77	20.48	17.31	14.58	11.63	11.31	13.08	6.17	7.86	5.79	10.69
Pre Tax Margin(%)	24.78	19.33	16.38	13.22	10.07	9.89	9.36	4.38	4.27	0.14	5.49
PAT Margin (%)	17.7	12.3	10.63	9.89	6.56	6.42	5.74	2.66	-5.66	-0.81	3.36
Cash Profit Margin (%)	21.7	15.99	15.45	18.06	12.65	11.09	10.05	7.18	4.76	14.45	16.81
ROA(%)	5.46	4.3	3.59	2.96	3.28	3.88	3.17	1.07	-1.79	-0.17	0.83
ROE(%)	19.25	15.45	12.64	10.81	17.06	26.57	20.63	65.31	0	0	8.55
ROCE(%)	9.51	8.61	7.01	5.25	10.44	19.85	20.95	14.96	83.64	10.94	12.33
Receivable days	302.14	283.41	329.16	385.74	205.7	157.36	165.03	178.28	181.36	233.23	174.99
Inventory Days	2.42	2.82	3.91	3.66	43.9	62.38	72.11	88.82	86.3	116.71	99.28
Payable days	1793.51	1242.66	1248.13	1478.2	342.39	256.12	257.75	239.57	224.73	409.14	452.71
PER(x)	24.71	23.71	23.5	27.86	39.24	25.51	29.32	52.8	0	0	68.06
Price/Book(x)	4.49	3.52	2.69	3.12	6.73	6.44	5.54	-6.16	-2.45	3.71	5.55
Dividend Yield(%)	1.33	1.56	1.72	1.56	1.29	1.16	1.37	0	0	0	0
EV/Net Sales(x)	6.21	4.57	4.16	4.77	2.5	1.92	1.99	1.76	1.02	1.93	2.53
EV/Core EBITDA(x)	20.86	18.89	18.78	18.74	14.09	12.01	11.46	16.46	5.6	9.17	10.48
Net Sales Growth(%)	15.52	27.75	10.53	-0.55	97.33	41.48	2.22	-3.36	5.93	-27.06	16.38
EBIT Growth(%)	-0.37	1.52	-6.59	-16.21	57.37	37.6	18.2	-54.43	35.01	-46.3	114.97
PAT Growth(%)	2.04	-11.2	-4.49	-7.51	30.85	38.53	-8.62	-55.26	-325.72	89.55	581.85
EPS Growth(%)	1.69	-11.19	-8.79	-6.67	6.83	70.82	-11.18	-54.4	-318.53	90.1	615.03
Debt/Equity(x)	1.91	2.06	1.84	2.25	1.39	1.31	1.16	-1.6	-1.14	1.24	1.13
Current Ratio(x)	2.36	2.34	2.67	2.34	1.15	1.27	2.31	1.87	1.54	1.74	1.48
Quick Ratio(x)	2.34	2.32	2.64	2.32	0.87	0.99	1.76	1.43	1.23	1.37	1.15
Interest Cover(x)	25.97	17.83	18.6	10.68	7.48	7.94	3.51	3.44	2.19	1.03	2.06
Total Debt/Mcap(x)	0.43	0.59	0.68	0.72	0.21	0.2	0.21	0.26	0.46	0.33	0.2

Mahindra Holi.&Resor Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	67.31	67.31	67.31	67.29	67.27	67.22	67.22	67.2	67.08	67.03
FII	4.94	4.86	4.43	4.45	5.3	5.18	4.96	4.91	5.07	4.98
DII	15.27	12.85	13.12	11.92	11.15	10.49	9.71	9.67	8.31	8.16
Public	12.48	14.98	15.14	16.34	16.28	17.11	18.11	18.22	19.54	19.82
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	8.99	8.99	8.99	8.99	13.48	13.48	13.48	13.48	13.48	13.48
FII	0.66	0.65	0.59	0.59	1.06	1.04	1	0.98	1.02	1
DII	2.04	1.72	1.75	1.59	2.23	2.1	1.95	1.94	1.67	1.64
Public	1.67	2	2.02	2.18	3.26	3.43	3.63	3.66	3.93	3.99
Others	0	0	0	0	0	0	0	0	0	0
Total	13.36	13.36	13.36	13.36	20.05	20.06	20.06	20.06	20.1	20.12