Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 12891.56 Crore) operating in Tourism & Hospitality sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 614.53 Crore, up 89.94 % from last quarter Total Income of Rs 323.54 Crore and down -56.38 % from last year same quarter Total Income of Rs 1408.91 Crore. Company reported net profit after tax of Rs -117.66 Crore in latest quarter.
Investment Rationale
The brokerage maintains Buy call with a new TP of Rs 130. Risk: A slow-down in the economy would lead to curtailed demand.
Promoter/FII Holdings
Promoters held 40.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 10.5 per cent, DIIs 31.5 per cent and public and others 17.3 per cent.
