Oriental Hotels Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for ORIENTHOT, BSE:500314 Oriental Hotels Ltd.

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Oriental Hotels Ltd.

18 Jan 2022, 12:00AM

154.22

13.58%

Oriental Hotels

Buy: Oriental Hotels Ltd.

Target

ICICI Securities Limited

Efficiency to yield better results post end of pandemic Tata Group companies hold ~39.1% stake in OHL while the company is an associate of IHCL (28.6% stake). Apart from the ownership, the company...

Oriental Hotels Ltd. has gained 20.70% in the last 1 Week

Oriental Hotels Ltd.

28 May 2021

154.22

13.58%

Oriental Hotels

Buy: Oriental Hotels Ltd.

Recommendation Target

ICICI Securities Limited

IHCL has a stake in OHL both in terms of ownership and management of operations of properties by way of operating agreement. All properties are operated under the brands owned by IHCL (Taj, SeleQtions, Vivanta, Gateway) and offer high level of standardisation in services, experience and products specific to the category under which the particular hotel belongs. Historically, OHL's balance sheet was heavily levered with net debt/EBITDA touching ~7x in FY17. In line with Aspiration 2022 of the IHCL group, the company sold its Vizag property and garnered | 120 crore in 2018. The...

Oriental Hotels Ltd. is trading above its 100 day SMA of 151.1

Oriental Hotels Ltd.

04 Feb 2020

154.22

13.58%

Oriental Hotels

Hold: Oriental Hotels Ltd.

Recommendation Target

ICICI Securities Limited

Historically, the company's balance sheet was heavily levered with net Debt/EBITDA touching ~7x in FY17. In line with Aspiration 2022 of the IHCL group, the company has been working to reduce its debt by divesting few assets and also rationalise its costs. In 2018, OHL sold its Vizag property and garnered | 120 crore. From April 1, 2019, the company's operating agreement for the Trivandrum property expired and OHL received back the deposit that was made in FY20. The proceeds from the sale of the Vizag property were utilised to retire some portion of the debt in FY19. OHL had...