EIH Associated Hotels Ltd. share price target and research reports

Name: Latest research reports of EIH Associated Hotels Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: EIH Associated Hotels Ltd.
Rating: 5
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for EIHAHOTELS, BSE:523127 EIH Associated Hotels Ltd.

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EIH Associated Hotels Ltd.

08 Nov 2019

385.25

-2.70%

EIH Associated Hotels

Buy: EIH Associated Hotels Ltd.

ICICI Securities Limited

With the tourism sector being a major contributor to the country's GDP and net foreign exchange earner, it remains a key focus area for the government. Earlier reforms by the government to improve connectivity and boost the tourism ecosystem - Incredible India 2.0, extension of e-visa, reduction in visa fees, UDAAN have fared well in the past. It recently got a booster with the announcement of a GST rate cut for hotels and corporate tax rate cut. Reduction of GST rates will make the cost of a tour in India more competitive among South East Asian regions. This will help improve foreign tourist flows...

EIH Associated Hotels Ltd. is trading above all available SMAs

EIH Associated Hotels Ltd.

01 Aug 2018

385.25

-2.70%

East India Hotel

Buy: EIH Associated Hotels Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research EIH's results were broadly above our estimate. The re-opening of New Delhi property has started gaining traction and positively contributed to revenues and margins in Q1FY19 Consequently, revenues increased 17.7% YoY to | 335.0 crore (above I-direct estimate of | 322.6 crore). EBITDA increased 73.0% YoY to | 48.3 crore (vs. I-direct estimate of | 41.9 crore). On the margin front, the EBITDA margin increased 461 bps YoY to 14.4%...

EIH Associated Hotels Ltd. is trading above all available SMAs

EIH Associated Hotels Ltd.

25 Jan 2017

385.25

-2.70%

East India Hotel

Hold: EIH Associated Hotels Ltd.

ICICI Securities Limited

EIH reported a good set of Q3FY17 numbers. Revenues declined 6.4% YoY to | 375.4 crore (vs. I-direct estimate of | 373.0 crore) mainly led by closure of The Oberoi, New Delhi for renovation. However, adjusting for The Oberoi, New Delhi revenues (which contributed 14% to overall revenues) we believe revenues increased ~9% YoY mainly due to an increase in management fees and opening of a new hotel in Chandigarh EBITDA margin also improved 315.8 bps YoY to 29.6% (vs. I-direct...

EIH Associated Hotels Ltd. is trading above all available SMAs

Is EIH Associated Hotels Ltd. worth buying?

32 Votes:

Buy 65.62%

Sell 15.62%

Hold 18.75%