GUJ.HOTELS 2022-23 Annual Report Analysis

Thu, 31 Aug

GUJ.HOTELS has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.

GUJ.HOTELS Income Statement Analysis

• Operating income during the year rose 71.8% on a year-on-year (YoY) basis.
• The company's operating profit increased by 84.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 88.6% in FY23 as against 82.3% in FY22.
• Depreciation charges increased by 0.0% increased by 0.0% YoY, respectively.
• Other income grew by 37.1% YoY.
• Net profit for the year grew by 56.4% YoY.
• Net profit margins during the year declined from 127.6% in FY22 to 116.1% in FY23.

GUJ.HOTELS Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	21	37	71.8%
Other income	Rs m	14	20	37.1%
Total Revenues	Rs m	36	56	57.8%
Gross profit	Rs m	18	32	84.9%
Depreciation	Rs m	0	0	0.0%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	31	52	64.3%
Tax	Rs m	4	9	114.5%
Profit after tax	Rs m	27	43	56.4%
Gross profit margin	%	82.3	88.6
Effective tax rate	%	13.6	17.7
Net profit margin	%	127.6	116.1

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GUJ.HOTELS Balance Sheet Analysis

• The company's current liabilities during FY23 stood at Rs 10 million as compared to Rs 9 million in FY22, thereby witnessing an increase of 5.4%.
• Current assets rose 10% and stood at Rs 407 million, while fixed assets fell 5% and stood at Rs 18 million in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 426 million as against Rs 390 million during FY22, thereby witnessing a growth of 9%.

GUJ.HOTELS Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	367	402	9.5
Current Liabilities	Rs m	9	10	5.4
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	390	426	9.2
Current assets	Rs m	370	407	9.9
Fixed Assets	Rs m	19	18	-4.7
Total Assets	Rs m	390	426	9.2

GUJ.HOTELS Cash Flow Statement Analysis

• GUJ.HOTELS's cash flow from operating activities (CFO) during FY23 stood at Rs 18 million, an improvement of 91.6% on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs -12 million, an improvement of 1,011.8% on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs -8 million on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs -2 million from the Rs 1 million net cash flows seen during FY22.

GUJ.HOTELS Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	9	18	91.6%
Cash Flow from Investing Activities	Rs m	-1	-12	-
Cash Flow from Financing Activities	Rs m	-7	-8	-
Net Cash Flow	Rs m	1	-2	-

Current Valuations for GUJ.HOTELS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 11.2, an improvement from the EPS of Rs 7.2 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 157.0, stands at 13.0 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1.5 times, while the price to sales ratio stands at 16.3 times.
• The company's price to cash flow (P/CF) ratio stood at 12.3 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	5.6	9.7
TTM Earnings per share	Rs	7.2	11.2
Diluted earnings per share	Rs	7.2	11.2
Price to Cash Flow	x	19.0	12.3
TTM P/E ratio	x	19.4	13.0
Price / Book Value ratio	x	1.5	1.3
Market Cap	Rs m	567	531
Dividends per share (Unadj.)	Rs	2.0	2.0

Ratio Analysis for GUJ.HOTELS

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 41.2x during FY23, from 39.5x during FY22. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company improved and stood at 10.6% during FY23, from 7.4% during FY23. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 12.9% during FY23, from 8.6% during FY22. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

Return on Assets (ROA): The ROA of the company improved and stood at 10.0% during FY23, from 7.0% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	39.5	41.2
Debtors’ Days	Days	1,687	1,638
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	7.0	10.0
Return on equity	%	7.4	10.6
Return on capital employed	%	8.6	12.9

To see how GUJ.HOTELS has performed over the last 5 years, please visit here.

GUJ.HOTELS Share Price Performance

Over the last one year, GUJ.HOTELS share price has moved up from Rs 136.0 to Rs 157.0, registering a gain of Rs 21.0 or around 15.4%.

Overall, the S&P BSE SENSEX is up 12.3% over the year.

(To know more, check out historical annual results for GUJ.HOTELS and quarterly results for GUJ.HOTELS)