Taj GVK Hotels & Resorts Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for TAJGVK, BSE:532390 Taj GVK Hotels & Resorts Ltd.

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Taj GVK Hotels & Resorts Ltd.

22 Oct 2021

383.10

-0.64%

Taj GVK Hotels

Buy: Taj GVK Hotels & Resorts Ltd.

Recommendation Target

ICICI Securities Limited

About the stock: TAJGVK Hotels is a Hyderabad based premium hotel player with Hyderabad accounting for 67% of revenues (pre-Covid). The company owns & operates seven properties with total 1361 rooms. Of these, four properties are based in Hyderabad, which is witnessing good growth. Other three properties are located in Chennai, Chandigarh and Mumbai (near the domestic airport), respectively....

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Taj GVK Hotels & Resorts Ltd.

25 Mar 2020

383.10

-0.64%

Taj GVK Hotels

Hold: Taj GVK Hotels & Resorts Ltd.

Recommendation Target

ICICI Securities Limited

The ongoing coronavirus outbreak has had a severe impact on the hotel bookings in India from Feb-20 onwards with massive forward booking cancellations across cities. This in turn has eroded the ability of hotels across India with heavy loss of business during this peak season time. The extent of this lost business has primarily been seen across all major tourist and business destinations and we expect the situations to remain severely weak with individuals cancelling or deferring their travel plans and thousands of companies adopting the work from home' and no travel' policies. This...

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Taj GVK Hotels & Resorts Ltd.

31 Jan 2020

383.10

-0.64%

Taj GVK Hotels

Buy: Taj GVK Hotels & Resorts Ltd.

ICICI Securities Limited

The industry has seen its RevPAR increase in the first two months of Q3FY20 led by higher occupancy with a marginal fall in ARRs. Various government announcements have augured positively for the sector, namely, reduction in visa charges (that led to growth revival in FTA) and reduction in GST rates for hotels (that led to strong growth in the leisure segment), among others. The industry is said to have seen low demand in December, January owing to unrest in the country followed by the outbreak of the coronavirus, which would adversely impact tourism, FTAs. Looking at the longer term picture,...

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Taj GVK Hotels & Resorts Ltd.

29 Jul 2019

383.10

-0.64%

Taj GVK Hotels

Buy: Taj GVK Hotels & Resorts Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research TajGVK reported a mixed set of Q1FY19 numbers. While revenues remained above estimates, margins contracted during the quarter mainly due to additional expenditure of | 6.6 crore towards renovation of Taj Krishna & Taj Deccan during the quarter The company reported EBITDA of | 12.9 crore (vs. I-direct estimate: | 15.3 crore). Adjusting for renovation expenses, EBITDA margins for the quarter would have remained higher than our estimates at 24.6%...

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Taj GVK Hotels & Resorts Ltd.

17 May 2019

383.10

-0.64%

Taj GVK Hotels

Buy: Taj GVK Hotels & Resorts Ltd.

Target

ICICI Securities Limited

The hospitality industry has witnessed a long slumber of subdued pricing levels. The recent growth trend of the industry led by a healthy increase in occupancy rates eventually flowing into average room rates increasing are signals of the trend turning around. Additionally, supply that played spoilsport in the past leading to disadvantageous pricing, is expected to slow down in coming years. New room supply is expected to lag demand growth by ~3-4%. This is expected to convert into growth in both occupancy levels as well as ARRs resulting in healthy RevPAR growth. We...

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Taj GVK Hotels & Resorts Ltd.

06 Feb 2019, 12:00AM

383.10

-0.64%

Taj GVK Hotels

Buy: Taj GVK Hotels & Resorts Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research TajGVK reported a weak set of Q3FY19 numbers. Revenues stayed below estimates aided by margin contraction. Revenue growth came in at ~4% YoY to | 86.1 crore (below I-direct estimate: | 93.1 crore) On the margins front, EBITDA margins contracted 321 bps to 27.1% YoY (vs. I-direct estimate of 29.9%) led by higher other expenses (up 16.4% YoY) to | 30 crore. EBITDA came in at | 23.3 crore, down ~7% YoY (vs. I-direct estimate of | 27.8 crore)...

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Taj GVK Hotels & Resorts Ltd.

05 Nov 2018

383.10

-0.64%

Taj GVK Hotels

Buy: Taj GVK Hotels & Resorts Ltd.

Target

ICICI Securities Limited

EBITDA came in at | 11.6 crore (vs. I-direct estimate: | 15.7 crore). Higher-than-expected operating costs led to a miss on margins. EBITDA margins came in at 16.2% vs. I-direct estimate of 22.1% Despite weak operating margins, PAT remained flat YoY at | 0.9 crore on account of lower interest and tax expenses Occupancy levels to witness sharp improvement in coming years The occupancy in Telangana declined from 59.0% in 2011 to 51.0% in 2015 mainly due to political uncertainty in Andhra Pradesh and Telangana...

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Taj GVK Hotels & Resorts Ltd.

06 Aug 2018, 12:00AM

383.10

-0.64%

Taj GVK Hotels

Buy: Taj GVK Hotels & Resorts Ltd.

ICICI Securities Limited

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Taj GVK Hotels & Resorts Ltd.

18 May 2018

383.10

-0.64%

Taj GVK Hotels

Buy: Taj GVK Hotels & Resorts Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research TajGVK reported a good set of Q4FY18 numbers. A key highlight of the quarter was a turnaround in the company's JV Taj Santacruz, which reported net profit of | 2.3 crore. The company's financials were above our estimates on all fronts. Revenues increased 16.5% YoY to | 85.3 crore (above I-direct estimate of | 82.6 crore) The EBITDA margin increased 666 bps YoY to 25.1% (above I-direct estimate of 24.6%) in Q4FY18 led by lower employee expenses...

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Taj GVK Hotels & Resorts Ltd.

05 Feb 2018

383.10

-0.64%

Taj GVK Hotels

Buy: Taj GVK Hotels & Resorts Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research TajGVK reported a good set of Q3FY18 numbers. The key highlight of the quarter was the turnaround in the company's JV Taj Santacruz, which reported a net profit of | 39 lakh for the first time since its commissioning. Revenues increased 14.4% YoY to | 82.9 crore (above I-direct estimate of | 77.0 crore) EBITDA margin increased 376 bps YoY to 30.3% (above I-direct...

Taj GVK Hotels & Resorts Ltd. is trading below all available SMAs

Is Taj GVK Hotels & Resorts Ltd. worth buying?

111 Votes:

Buy 77.48%

Sell 9.01%

Hold 13.51%