Royale Manor Hotels & Industries Net Income surged on 60% in 2015
29-05-2015 • About Royale Manor Hotels & Industries (
$RAYALEMA) • By InTwits
Royale Manor Hotels & Industries reported FY2015 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is declining: in FY2015 vs. 23.2% in FY2014 vs. 24.1% in FY2011.
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Royale Manor Hotels & Industries ($RAYALEMA) key annual financial indicators
| mln. INR | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 187.3 | 189.1 | 193.3 | 203.8 | 242.4 | 18.9% |
| EBITDA | 45.2 | 68.7 | 45.5 | 47.3 | | -100.0% |
| Net Income | 17.0 | 7.3 | 14.7 | 15.3 | 24.5 | 60.0% |
Balance Sheet
|
|---|
| Cash | 15.6 | 5.2 | 5.7 | | | |
| Short Term Debt | 35.5 | 38.6 | 24.9 | | | |
| Long Term Debt | 26.1 | 43.3 | 68.2 | | | |
Cash flow
|
|---|
| Capex | 20.1 | 26.8 | | | | |
Ratios
|
|---|
| Revenue growth | -5.8% | 0.9% | 2.2% | 5.5% | 18.9% | |
| EBITDA growth | 16.9% | 51.8% | -33.7% | 4.0% | | |
| EBITDA Margin | 24.1% | 36.3% | 23.5% | 23.2% | 0.0% | -23.2% |
| Net Income Margin | 9.0% | 3.9% | 7.6% | 7.5% | 10.1% | 2.6% |
| CAPEX, % of revenue | 10.7% | 14.2% | | | | 0.0% |
| ROIC | 8.6% | 14.3% | 7.5% | | | 0.0% |
| ROE | 4.7% | 1.7% | 4.7% | | | 0.0% |
| Net Debt/EBITDA | 1.0x | 1.1x | 1.9x | 0.0x | | 0.0x |
Revenue and profitability
Royale Manor Hotels & Industries's Revenue surged on 18.9% in FY2015.
Net Income marign increased on 2.6 pp from 7.5% to 10.1% in FY2015.
Appendix 1: Peers in Hotels
Below you can find Royale Manor Hotels & Industries benchmarking vs. other companies in Hotels industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| The Byke Hospitality ($THEBYKE) | | 47.6% | 105.7% | 54.3% | 16.5% |
| Sayaji Hotels ($SAYAJIHOTL) | 26.3% | 18.2% | 24.5% | 29.4% | |
| Sterling Holiday Resorts (India) ($STERLINH) | | 69.9% | 50.6% | 21.3% | 26.2% |
| Asian Hotels (East) ($AHLEAST) | | 3.4% | 76.9% | 18.9% | 4.9% |
| Hotel Leelaventure ($HOTELEELA) | | 23.2% | 12.7% | 11.4% | -11.4% |
| |
|---|
| Median (15 companies) | -22.5% | 15.5% | 12.7% | 5.9% | 4.0% |
|---|
| Royale Manor Hotels & Industries ($RAYALEMA) | | 0.9% | 2.2% | 5.5% | 18.9% |
Top companies by EBITDA margin, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Jindal Hotels ($JINDHOT) | | | | | 37.6% |
| Benares Hotels ($BENARAS) | | | | | 33.6% |
| Advani Hotels & Resorts (India) ($ADVANIHOTR) | | | | | 25.9% |
| Asian Hotels (East) ($AHLEAST) | 30.8% | 31.5% | 23.7% | 21.8% | 23.5% |
| Tgb Banquets And Hotels ($TGBHOTELS) | 20.0% | 21.2% | 23.6% | 25.0% | 21.6% |
| |
|---|
| Median (14 companies) | 25.3% | 21.7% | 22.6% | 20.0% | 17.7% |
|---|
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Country Club (India) ($COUNCLB) | 53.8% | 58.7% | 36.6% | 49.6% | |
| Asian Hotels (North) ($ASIANHOTNR) | 60.3% | 30.8% | 60.2% | 37.2% | 36.1% |
| Sterling Holiday Resorts (India) ($STERLINH) | 12.2% | 48.8% | 50.4% | 18.7% | |
| Mahindra Holidays & Resorts India ($MHRIL) | 20.4% | 26.0% | 26.5% | 15.4% | 18.0% |
| Oriental Hotels ($ORIENTHOT) | 31.7% | 24.3% | 17.7% | 13.1% | 7.5% |
| |
|---|
| Median (13 companies) | 27.3% | 30.8% | 17.7% | 10.5% | 4.8% |
|---|
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| The Byke Hospitality ($THEBYKE) | 6.0% | 5.3% | 14.5% | 22.6% | 24.1% |
| Mahindra Holidays & Resorts India ($MHRIL) | 20.1% | 13.4% | 22.2% | 16.3% | 6.3% |
| Sayaji Hotels ($SAYAJIHOTL) | 10.2% | 13.1% | 9.4% | 14.2% | |
| Fomento Resorts & Hotels ($FOMEHOT) | 13.6% | 10.6% | 13.8% | 11.7% | |
| Tgb Banquets And Hotels ($TGBHOTELS) | 7.4% | 7.1% | 8.9% | 8.9% | 3.2% |
| |
|---|
| Median (29 companies) | 7.6% | 5.4% | 4.7% | 2.8% | 2.1% |
|---|
| Royale Manor Hotels & Industries ($RAYALEMA) | 8.6% | 14.3% | 7.5% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Hotel Leelaventure ($HOTELEELA) | 23.9x | 62.5x | 40.2x | 33.5x | 46.7x |
| Asian Hotels (North) ($ASIANHOTNR) | 9.1x | 28.4x | 11.0x | 15.4x | 24.8x |
| Kamat Hotels (India) ($KAMATHOTEL) | 15.0x | 13.6x | 17.8x | 15.1x | |
| Asian Hotels (East) ($AHLEAST) | -0.1x | -0.0x | 9.8x | 8.9x | 7.1x |
| Oriental Hotels ($ORIENTHOT) | 3.4x | 4.3x | 4.6x | 6.0x | 5.5x |
| |
|---|
| Median (19 companies) | 2.2x | 2.0x | 2.3x | 1.0x | 0.9x |
|---|
| Royale Manor Hotels & Industries ($RAYALEMA) | 1.0x | 1.1x | 1.9x | 0.0x | |
