iStockICICI Direct has buy call on EIH with a target price of Rs 240. The current market price of . is Rs 193. Time period given by analyst is one year when Ltd. price can reach defined target.
EIH Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 12082.04 Crore) operating in Tourism & Hospitality sector.
EIH Ltd. key Products/Revenue Segments include Income (Room Rent), Beverages & Food, Other Services and Printed Materials for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 412.33 Crore, up 30.14 % from last quarter Total Income of Rs 316.84 Crore and up 272.64 % from last year same quarter Total Income of Rs 110.65 Crore. Company reported net profit after tax of Rs 68.47 Crore in latest quarter.
Investment Rationale
Given the company’s strong b/s, strategic premium room portfolio, the brokerage remains positive on the stock with a revised TP of Rs 240/share (i.e. at 28.5x FY24E EV/EBITDA).
Promoter/FII Holdings
Promoters held 35.74 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.73 per cent, DIIs 13.88 per cent.
EIH Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 12082.04 Crore) operating in Tourism & Hospitality sector.
EIH Ltd. key Products/Revenue Segments include Income (Room Rent), Beverages & Food, Other Services and Printed Materials for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 412.33 Crore, up 30.14 % from last quarter Total Income of Rs 316.84 Crore and up 272.64 % from last year same quarter Total Income of Rs 110.65 Crore. Company reported net profit after tax of Rs 68.47 Crore in latest quarter.
Investment Rationale
Given the company’s strong b/s, strategic premium room portfolio, the brokerage remains positive on the stock with a revised TP of Rs 240/share (i.e. at 28.5x FY24E EV/EBITDA).
Promoter/FII Holdings
Promoters held 35.74 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.73 per cent, DIIs 13.88 per cent.
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