Indian Hotels Company Ltd - 500850

Name of Company	Indian Hotels Company Ltd.
BSE Code	500850
NSE Code	INDHOTELS
ICICI Code
Established	1902
My Take	So-So
Headquarters	Mumbai
Promoters	Tata group
Story
Sector	Hotels
Sub-sector	Taj hotels and resorts, Ginger hotels
Website	http://www.tajhotels.com/
Positives	Best known brand in the hotel industry in India. NPMs have been between 10 and 20% in the last 5 years – always profitable.
Negatives	Huge debt keeps this company from better profits. Interest payments have increased from 20 Cr to 150 Cr(FY10) in 5 years.
Peers	EIH, Hotel Leela, Mahindra Holiday
News
Price @ blogged	79.55 (04-May-11)
Cost of company	6041.82 Cr market cap for a 153.1 Cr NP in FY ending Mar ' 10 makes it 39.46 times. This is for a company with 2650.55 Cr debt and 2620.97 Cr reserves
Group	Cyclicals
Growth	From FY07 to FY10, the revenue has been in the range of 1500-1700 odd Cr approx – No great growth story here.