New Risk • Jul 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹183.4m market cap, or US$1.90m). Minor Risks Dividend is not well covered by earnings (134% payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (₹106m revenue, or US$1.1m). Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹0.54 (vs ₹0.57 in FY 2025) Full year 2026 results: EPS: ₹0.54 (down from ₹0.57 in FY 2025). Revenue: ₹106.2m (up 13% from FY 2025). Net income: ₹1.91m (down 6.0% from FY 2025). Profit margin: 1.8% (down from 2.2% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Anuncio • May 15
Cindrella Hotels Limited to Report Q4, 2026 Results on May 30, 2026 Cindrella Hotels Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 30, 2026 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹56.99, the stock trades at a trailing P/E ratio of 76.4x. Average trailing P/E is 28x in the Hospitality industry in India. Total returns to shareholders of 16% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.06 (vs ₹0.002 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.06 (up from ₹0.002 in 3Q 2025). Revenue: ₹27.3m (up 8.3% from 3Q 2025). Net income: ₹231.0k (up ₹223.0k from 3Q 2025). Profit margin: 0.8% (up from 0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Anuncio • Feb 06
Cindrella Hotels Limited to Report Q3, 2026 Results on Feb 13, 2026 Cindrella Hotels Limited announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 145% Paying a dividend despite having no free cash flows. Market cap is less than US$10m (₹221.2m market cap, or US$2.46m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (₹102m revenue, or US$1.1m). Anuncio • Nov 03
Cindrella Hotels Limited to Report Q2, 2026 Results on Nov 10, 2025 Cindrella Hotels Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Board Change • Sep 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-executive Independent Director Sunil Choraria was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Sep 01
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 12th September 2025 Payment date: 24th October 2025 Dividend yield will be 1.4%, which is higher than the industry average of 0.3%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 11x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,218% to bring the payout ratio under control, which is more than the 27% EPS growth achieved over the last 5 years. Anuncio • Aug 29
Cindrella Hotels Limited, Annual General Meeting, Sep 24, 2025 Cindrella Hotels Limited, Annual General Meeting, Sep 24, 2025, at 12:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.26 (vs ₹0.37 in 1Q 2025) First quarter 2026 results: EPS: ₹0.26 (down from ₹0.37 in 1Q 2025). Revenue: ₹26.6m (up 16% from 1Q 2025). Net income: ₹924.0k (down 30% from 1Q 2025). Profit margin: 3.5% (down from 5.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹0.57 (vs ₹1.84 in FY 2024) Full year 2025 results: EPS: ₹0.57 (down from ₹1.84 in FY 2024). Revenue: ₹94.6m (up 17% from FY 2024). Net income: ₹2.04m (down 69% from FY 2024). Profit margin: 2.2% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Anuncio • May 21
Cindrella Hotels Limited to Report Q4, 2025 Results on May 30, 2025 Cindrella Hotels Limited announced that they will report Q4, 2025 results on May 30, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹0.002 (vs ₹0.09 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.002 (up from ₹0.09 loss in 3Q 2024). Revenue: ₹25.5m (up 25% from 3Q 2024). Net income: ₹8.0k (up ₹335.0k from 3Q 2024). Profit margin: 0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. New Risk • Feb 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue is less than US$1m (₹84m revenue, or US$964k). Market cap is less than US$10m (₹218.7m market cap, or US$2.52m). Anuncio • Feb 07
Cindrella Hotels Limited to Report Q3, 2025 Results on Feb 14, 2025 Cindrella Hotels Limited announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Nov 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue is less than US$1m (₹83m revenue, or US$986k). Market cap is less than US$10m (₹202.2m market cap, or US$2.40m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Nov 16
Second quarter 2025 earnings released: ₹0.12 loss per share (vs ₹0.23 profit in 2Q 2024) Second quarter 2025 results: ₹0.12 loss per share (down from ₹0.23 profit in 2Q 2024). Revenue: ₹19.1m (up 32% from 2Q 2024). Net loss: ₹438.0k (down 155% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 13
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 1.7%. Within top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (0.3%). Declared Dividend • Aug 28
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 20th September 2024 Payment date: 28th October 2024 Dividend yield will be 1.8%, which is higher than the industry average of 0.3%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 49% to shift the payout ratio to a potentially unsustainable range, which is more than the 41% EPS decline seen over the last 5 years. Anuncio • Aug 26
Cindrella Hotels Limited, Annual General Meeting, Sep 28, 2024 Cindrella Hotels Limited, Annual General Meeting, Sep 28, 2024, at 12:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.37 (vs ₹1.05 in 1Q 2024) First quarter 2025 results: EPS: ₹0.37 (down from ₹1.05 in 1Q 2024). Revenue: ₹23.1m (up 17% from 1Q 2024). Net income: ₹1.32m (down 65% from 1Q 2024). Profit margin: 5.7% (down from 19% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 46% per year. Anuncio • Aug 07
Cindrella Hotels Limited to Report Q1, 2025 Results on Aug 13, 2024 Cindrella Hotels Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹58.57, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 37x in the Hospitality industry in India. Total returns to shareholders of 226% over the past three years. New Risk • Jun 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (30% accrual ratio). Revenue is less than US$1m (₹81m revenue, or US$972k). Market cap is less than US$10m (₹184.6m market cap, or US$2.21m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.1% net profit margin). Anuncio • May 31
Cindrella Hotels Limited Recommends Dividend for the Fiscal Year Ended 31st March, 2024 Cindrella Hotels Limited recommended a dividend of INR 1.00 per equity & share of the face value of INR 10.00 each, i.e., 10% for the Fiscal Year ended 31st March, 2024, subject to the approval of the share holders at the Annual General Meeting. Anuncio • May 24
Cindrella Hotels Limited to Report Q4, 2024 Results on May 30, 2024 Cindrella Hotels Limited announced that they will report Q4, 2024 results on May 30, 2024 New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹82m revenue, or US$984k). Market cap is less than US$10m (₹212.4m market cap, or US$2.55m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.5% net profit margin). Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹0.09 loss per share (vs ₹7.63 profit in 3Q 2023) Third quarter 2024 results: ₹0.09 loss per share (down from ₹7.63 profit in 3Q 2023). Revenue: ₹20.3m (down 7.2% from 3Q 2023). Net loss: ₹327.0k (down 101% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 07
Cindrella Hotels Limited to Report Q3, 2024 Results on Feb 13, 2024 Cindrella Hotels Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 18
First half 2024 earnings released: EPS: ₹0.46 (vs ₹0.78 in 1H 2023) First half 2024 results: EPS: ₹0.46 (down from ₹0.78 in 1H 2023). Revenue: ₹29.3m (down 19% from 1H 2023). Net income: ₹1.61m (down 42% from 1H 2023). Profit margin: 5.5% (down from 7.7% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹71.00, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 27x in the Hospitality industry in India. Total returns to shareholders of 532% over the past three years. Anuncio • Sep 22
Cindrella Hotels Limited Declares Dividend for the Financial Year Ended March 31, 2023 Cindrella Hotels Limited declared a dividend of INR 1 per equity share for the financial year ended March 31, 2023, at its annual general meeting of the shareholders held on September 20, 2023. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹79.11, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 25x in the Hospitality industry in India. Total returns to shareholders of 453% over the past three years. Anuncio • Aug 16
Cindrella Hotels Limited, Annual General Meeting, Sep 20, 2023 Cindrella Hotels Limited, Annual General Meeting, Sep 20, 2023, at 12:30 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹1.87 (vs ₹0.33 in 1Q 2023) First quarter 2024 results: EPS: ₹1.87 (up from ₹0.33 in 1Q 2023). Revenue: ₹25.6m (up 23% from 1Q 2023). Net income: ₹6.67m (up 476% from 1Q 2023). Profit margin: 26% (up from 5.5% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Anuncio • Aug 06
Cindrella Hotels Limited to Report Q1, 2024 Results on Aug 14, 2023 Cindrella Hotels Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: ₹7.23 (vs ₹1.03 in FY 2022) Full year 2023 results: EPS: ₹7.23 (up from ₹1.03 in FY 2022). Revenue: ₹107.3m (up 100% from FY 2022). Net income: ₹25.8m (up ₹22.1m from FY 2022). Profit margin: 24% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Anuncio • May 31
Cindrella Hotels Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2023 Cindrella Hotels Limited at the Board meeting held on 30 May, 2023, approved recommendation of final dividend of INR 1 for every equity share of INR 10 each fully paid up, for the financial year ended 31 March, 2023, subject to the approval of the share holders at the upcoming 37th Annual General Meeting. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹38.84, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 25x in the Hospitality industry in India. Total returns to shareholders of 187% over the past three years. Anuncio • May 21
Cindrella Hotels Limited to Report Q4, 2023 Results on May 30, 2023 Cindrella Hotels Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹55.00, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 25x in the Hospitality industry in India. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹43.98, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 24x in the Hospitality industry in India. Total returns to shareholders of 221% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹41.10, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 26x in the Hospitality industry in India. Total returns to shareholders of 200% over the past three years. Reported Earnings • Feb 19
Third quarter 2023 earnings released: EPS: ₹7.63 (vs ₹0.74 in 3Q 2022) Third quarter 2023 results: EPS: ₹7.63 (up from ₹0.74 in 3Q 2022). Revenue: ₹21.9m (up 25% from 3Q 2022). Net income: ₹27.2m (up ₹24.5m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Sanjay Agarwal was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Sanjay Agarwal was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Anuncio • Aug 27
Cindrella Hotels Limited, Annual General Meeting, Sep 21, 2022 Cindrella Hotels Limited, Annual General Meeting, Sep 21, 2022, at 12:30 Indian Standard Time. Agenda: To consider and adopt the Audited Balance Sheet as at 31st March 2022 and the Statement of Profit & Loss Account for the year ended on that date (Financial Statements) together with the Auditors and Directors report thereon; to consider appoint a Director in place of Smt Sangita Devi Baid who retires by rotation and, being eligible, offers herself for re-appointment; to consider appoint Agarwal Mahesh Kumar & Co., Chartered Accountants, Siliguri as Statutory Auditor; and to consider other matters. Anuncio • Aug 07
Cindrella Hotels Limited to Report Q1, 2023 Results on Aug 12, 2022 Cindrella Hotels Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • May 29
Full year 2022 earnings released: EPS: ₹1.03 (vs ₹2.23 loss in FY 2021) Full year 2022 results: EPS: ₹1.03 (up from ₹2.23 loss in FY 2021). Revenue: ₹53.7m (up 117% from FY 2021). Net income: ₹3.68m (up ₹11.6m from FY 2021). Profit margin: 6.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Board Change • May 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Sanjay Agarwal was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Anuncio • May 15
Cindrella Hotels Limited to Report Q4, 2022 Results on May 23, 2022 Cindrella Hotels Limited announced that they will report Q4, 2022 results on May 23, 2022 Board Change • Mar 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Sanjay Agarwal was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Sanjay Agarwal was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Anuncio • Feb 08
Cindrella Hotels Limited to Report Q3, 2022 Results on Feb 14, 2022 Cindrella Hotels Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Sanjay Agarwal was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹2.23 loss per share (vs ₹4.24 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹26.0m (down 46% from FY 2020). Net loss: ₹7.96m (down 153% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Anuncio • Feb 07
Cindrella Hotels Limited to Report Nine Months, 2021 Results on Feb 13, 2021 Cindrella Hotels Limited announced that they will report nine months, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Dec 01
New 90-day high: ₹15.72 The company is up 14% from its price of ₹13.75 on 02 September 2020. The Indian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 13% over the same period. Anuncio • Jul 31
Cindrella Hotels Limited Restarts Its Operations Cindrella Hotels Limited announced that the company was forced to close down operation from 25th March 2020 due to guidelines issued by the Central Government under the Disaster Management Act. The Restaurant business of the company was re-started in May with the facility of 'Take away food' under government guidelines. On June 5, 2020, the company started the
Rooms division and Conference halls as per relevant guidelines of Unlock 1.0. The company was able to generate low volume of business during this period due to limited long distance travel facilities, lack of local travel facilities, containment zone closures, etc. It was again forced to close down operations due to enforcement of town wise lockdown. The company is again re-starting operations from July 30, 2020 as per guidelines issued by local authorities. The company has been able to run its operation due to co-operation of its employees and suppliers. It has been able to clear 80 % of all dues to Employees, Suppliers and Government agencies with the partial opening in June 2020 and loans from Directors. The company expects the situation to normalize in the coming months and it is confident of meeting its obligations and continuing as a going concern. 
