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TAJGVK Hotels & Resorts

NSEI:TAJGVK
Snowflake Description

Acceptable track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TAJGVK
NSEI
₹8B
Market Cap
  1. Home
  2. IN
  3. Consumer Services
Company description

TAJGVK Hotels & Resorts Limited owns, operates, and manages hotels, palaces, and resorts under the Taj brand name in India. The last earnings update was 23 days ago. More info.


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  • TAJGVK Hotels & Resorts has significant price volatility in the past 3 months.
TAJGVK Share Price and Events
7 Day Returns
-22.7%
NSEI:TAJGVK
-3%
IN Hospitality
-0.7%
IN Market
1 Year Returns
-39.7%
NSEI:TAJGVK
-29.1%
IN Hospitality
-12.1%
IN Market
TAJGVK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TAJGVK Hotels & Resorts (TAJGVK) -22.7% -34.4% -32.2% -39.7% -15.1% 13.4%
IN Hospitality -3% -12.4% -18.9% -29.1% -3.8% 17.4%
IN Market -0.7% -5.7% -4.3% -12.1% 13% 25.2%
1 Year Return vs Industry and Market
  • TAJGVK underperformed the Hospitality industry which returned -29.1% over the past year.
  • TAJGVK underperformed the Market in India which returned -12.1% over the past year.
Price Volatility
TAJGVK
Industry
5yr Volatility vs Market

TAJGVK Value

 Is TAJGVK Hotels & Resorts undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TAJGVK Hotels & Resorts to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TAJGVK Hotels & Resorts.

NSEI:TAJGVK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:TAJGVK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.896 (1 + (1- 35%) (25.33%))
1.029
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.029 * 8.6%)
16.4%

Discounted Cash Flow Calculation for NSEI:TAJGVK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TAJGVK Hotels & Resorts is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:TAJGVK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.4%)
2020 563.43 Est @ -3.1% 484.05
2021 563.95 Est @ 0.09% 416.23
2022 577.09 Est @ 2.33% 365.91
2023 599.57 Est @ 3.9% 326.61
2024 629.50 Est @ 4.99% 294.60
2025 665.75 Est @ 5.76% 267.66
2026 707.67 Est @ 6.3% 244.43
2027 754.89 Est @ 6.67% 224.00
2028 807.25 Est @ 6.94% 205.79
2029 864.72 Est @ 7.12% 189.38
Present value of next 10 years cash flows ₹3,018.67
NSEI:TAJGVK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹864.72 × (1 + 7.55%) ÷ (16.4% – 7.55%)
₹10,508.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹10,508.45 ÷ (1 + 16.4%)10
₹2,301.46
NSEI:TAJGVK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹3,018.67 + ₹2,301.46
₹5,320.13
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,320.13 / 62.70
₹84.85
NSEI:TAJGVK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:TAJGVK represents 1.00081x of BSE:532390
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00081x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 84.85 x 1.00081
₹84.92
Value per share (INR) From above. ₹84.92
Current discount Discount to share price of ₹124.05
= -1 x (₹124.05 - ₹84.92) / ₹84.92
-46.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TAJGVK Hotels & Resorts is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TAJGVK Hotels & Resorts's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TAJGVK Hotels & Resorts's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:TAJGVK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹4.65
BSE:532390 Share Price ** BSE (2019-08-16) in INR ₹123.95
India Hospitality Industry PE Ratio Median Figure of 46 Publicly-Listed Hospitality Companies 18.54x
India Market PE Ratio Median Figure of 2,785 Publicly-Listed Companies 13.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TAJGVK Hotels & Resorts.

NSEI:TAJGVK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532390 Share Price ÷ EPS (both in INR)

= 123.95 ÷ 4.65

26.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TAJGVK Hotels & Resorts is overvalued based on earnings compared to the IN Hospitality industry average.
  • TAJGVK Hotels & Resorts is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does TAJGVK Hotels & Resorts's expected growth come at a high price?
Raw Data
NSEI:TAJGVK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8.7%per year
India Hospitality Industry PEG Ratio Median Figure of 11 Publicly-Listed Hospitality Companies 1.8x
India Market PEG Ratio Median Figure of 544 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TAJGVK Hotels & Resorts, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TAJGVK Hotels & Resorts's assets?
Raw Data
NSEI:TAJGVK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹62.50
BSE:532390 Share Price * BSE (2019-08-16) in INR ₹123.95
India Hospitality Industry PB Ratio Median Figure of 66 Publicly-Listed Hospitality Companies 1.25x
India Market PB Ratio Median Figure of 3,663 Publicly-Listed Companies 0.87x
NSEI:TAJGVK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532390 Share Price ÷ Book Value per Share (both in INR)

= 123.95 ÷ 62.50

1.98x

* Primary Listing of TAJGVK Hotels & Resorts.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TAJGVK Hotels & Resorts is overvalued based on assets compared to the IN Hospitality industry average.
X
Value checks
We assess TAJGVK Hotels & Resorts's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. TAJGVK Hotels & Resorts has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TAJGVK Future Performance

 How is TAJGVK Hotels & Resorts expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover TAJGVK Hotels & Resorts, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TAJGVK Hotels & Resorts expected to grow at an attractive rate?
  • TAJGVK Hotels & Resorts's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • TAJGVK Hotels & Resorts's earnings growth is positive but not above the India market average.
  • TAJGVK Hotels & Resorts's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:TAJGVK Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:TAJGVK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8.7%
NSEI:TAJGVK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.2%
India Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 24.4%
India Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 11.9%
India Market Earnings Growth Rate Market Cap Weighted Average 17.9%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:TAJGVK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:TAJGVK Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 3,730 533 1
2020-03-31 3,450 487 1
NSEI:TAJGVK Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 3,231 292
2019-03-31 3,235 590 272
2018-12-31 3,157 238
2018-09-30 3,125 242
2018-06-30 3,038 242
2018-03-31 2,907 746 204
2017-12-31 2,755 103
2017-09-30 2,673 37
2017-06-30 2,711 45
2017-03-31 2,685 609 42
2016-12-31 2,755 58
2016-09-30 2,732 60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TAJGVK Hotels & Resorts's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
  • TAJGVK Hotels & Resorts's revenue is expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:TAJGVK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from TAJGVK Hotels & Resorts Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TAJGVK Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31
2020-03-31
NSEI:TAJGVK Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 4.65
2019-03-31 4.34
2018-12-31 3.83
2018-09-30 3.83
2018-06-30 3.96
2018-03-31 3.25
2017-12-31 1.62
2017-09-30 0.58
2017-06-30 0.69
2017-03-31 0.67
2016-12-31 0.94
2016-09-30 0.98

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TAJGVK Hotels & Resorts will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TAJGVK Hotels & Resorts's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TAJGVK Hotels & Resorts has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TAJGVK Past Performance

  How has TAJGVK Hotels & Resorts performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TAJGVK Hotels & Resorts's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TAJGVK Hotels & Resorts has delivered over 20% year on year earnings growth in the past 5 years.
  • TAJGVK Hotels & Resorts's 1-year earnings growth is less than its 5-year average (20.7% vs 56.8%)
  • TAJGVK Hotels & Resorts's earnings growth has not exceeded the IN Hospitality industry average in the past year (20.7% vs 30.1%).
Earnings and Revenue History
TAJGVK Hotels & Resorts's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TAJGVK Hotels & Resorts Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TAJGVK Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 3,231.08 291.73 1,175.55
2019-03-31 3,235.38 271.93 1,175.55
2018-12-31 3,156.87 237.89 1,098.99
2018-09-30 3,124.57 242.09 1,098.99
2018-06-30 3,038.27 241.69 1,098.99
2018-03-31 2,906.67 203.89 1,098.99
2017-12-31 2,755.10 102.61 987.72
2017-09-30 2,673.00 37.01 987.72
2017-06-30 2,710.60 45.00
2017-03-31 2,684.71 42.31 987.72
2016-12-31 2,754.74 58.38 1,069.09
2016-09-30 2,732.42 59.79 1,069.09
2016-06-30 2,734.60 33.70 1,090.60
2016-03-31 2,716.73 35.99 1,069.09
2015-12-31 2,628.38 22.17 459.76
2015-09-30 2,587.43 14.70 459.76
2015-06-30 2,577.69 15.37 459.76
2015-03-31 2,495.12 -19.73 459.76
2014-12-31 2,462.31 33.29 448.91
2014-09-30 2,431.98 39.31 448.91
2014-06-30 2,409.47 28.90 448.91
2014-03-31 2,448.99 49.77 448.91
2013-12-31 2,440.52 6.29 459.67
2013-09-30 2,454.15 0.96 459.67
2013-06-30 2,492.98 36.75 459.67
2013-03-31 2,539.64 87.84 460.33
2012-12-31 2,610.49 151.05 467.15
2012-09-30 2,606.55 184.49 467.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TAJGVK Hotels & Resorts has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TAJGVK Hotels & Resorts used its assets more efficiently than the IN Hospitality industry average last year based on Return on Assets.
  • TAJGVK Hotels & Resorts has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TAJGVK Hotels & Resorts's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TAJGVK Hotels & Resorts has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TAJGVK Health

 How is TAJGVK Hotels & Resorts's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TAJGVK Hotels & Resorts's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TAJGVK Hotels & Resorts's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • TAJGVK Hotels & Resorts's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of TAJGVK Hotels & Resorts's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TAJGVK Hotels & Resorts Company Filings, last reported 1 month ago.

NSEI:TAJGVK Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 3,918.64 1,968.64 19.01
2019-03-31 3,918.64 1,968.64 19.01
2018-12-31 3,695.53 2,293.93 110.49
2018-09-30 3,695.53 2,293.93 110.49
2018-06-30 3,691.67 2,274.11 152.92
2018-03-31 3,691.67 2,274.11 152.92
2017-12-31 3,495.82 2,524.37 199.37
2017-09-30 3,495.82 2,524.37 199.37
2017-06-30 3,515.34 2,272.29 170.05
2017-03-31 3,515.34 2,549.59 44.89
2016-12-31
2016-09-30
2016-06-30 3,468.74 3,820.89 35.88
2016-03-31 3,504.76 2,702.44 80.86
2015-12-31 3,456.51 2,950.23 23.65
2015-09-30 3,456.51 2,950.23 23.65
2015-06-30 3,464.91 2,855.63 16.52
2015-03-31 3,464.91 2,855.63 16.52
2014-12-31 3,441.81 2,604.54 18.84
2014-09-30 3,441.81 2,604.54 18.84
2014-06-30 3,484.64 2,318.99 22.34
2014-03-31 3,484.64 2,318.99 22.34
2013-12-31 3,417.17 2,216.54 19.69
2013-09-30 3,417.17 2,216.54 19.69
2013-06-30 3,449.55 2,283.13 20.83
2013-03-31 3,449.55 2,283.13 20.83
2012-12-31 3,452.89 2,004.37 21.21
2012-09-30 3,452.89 2,004.37 21.21
  • TAJGVK Hotels & Resorts's level of debt (50.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (66.6% vs 50.2% today).
  • Debt is well covered by operating cash flow (29.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess TAJGVK Hotels & Resorts's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TAJGVK Hotels & Resorts has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TAJGVK Dividends

 What is TAJGVK Hotels & Resorts's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.48%
Current annual income from TAJGVK Hotels & Resorts dividends. Estimated to be 0% next year.
If you bought ₹2,000 of TAJGVK Hotels & Resorts shares you are expected to receive ₹10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TAJGVK Hotels & Resorts's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • TAJGVK Hotels & Resorts's dividend is below the markets top 25% of dividend payers in India (2.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:TAJGVK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1441 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:TAJGVK Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.00 1.00
2020-03-31 0.00 1.00
NSEI:TAJGVK Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-06-28 0.600 0.349
2018-05-17 0.600 0.312
2017-08-03 0.400 0.231
2017-06-14 0.400 0.244
2017-05-17 0.400 0.252
2016-05-13 0.400 0.327
2016-01-29 0.000 0.000
2015-10-26 0.000 0.000
2015-07-28 0.000 0.000
2015-05-11 0.000 0.000
2014-05-12 0.200 0.227
2013-04-30 0.500 0.843
2012-04-30 1.500 2.254
2011-04-28 2.000 2.359
2010-04-28 2.000 1.484
2009-05-04 2.000 1.707

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of TAJGVK Hotels & Resorts's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.7x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of TAJGVK Hotels & Resorts's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess TAJGVK Hotels & Resorts's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TAJGVK Hotels & Resorts afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TAJGVK Hotels & Resorts has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TAJGVK Management

 What is the CEO of TAJGVK Hotels & Resorts's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
G. Indira Reddy
COMPENSATION ₹36,508,000
AGE 75
CEO Bio

Mrs. G. Indira Krishna Reddy, B.Sc. has been Managing Director of TAJGVK Hotels & Resorts Limited since April 25, 2010 and served as it's Chief Executive Officer. Mrs. Reddy serves as Vice Chairperson of Novopan Industries Limited. Mrs. Reddy has over 25 years of experience in the fields of finance, hospitality and management. She has been Non-Executive Director of Novopan Industries Limited since October 5, 1995. She serves as a Director at GVK Industries Limited, GVK Capital & Finance Ltd., Pinakini Share & Stock Brokers Ltd., Alaknanda Hydro Power Co. Ltd., Sri Tripurasundari Hotels Ltd, GVK Energy Limited, GVK Projects & Technical Services limited, GVK Goutami Power Limited and Bangalore International Airport Limited. Mrs. Reddy has been a Director of TAJGVK Hotels & Resorts Limited since May 8, 2000. She serves as a Director of Emergency Management and Research Institute. She served as a Director of GVK Power and Infrastructure Limited from February 16, 2005 to December 10, 2014. Mrs. Reddy received Bachelor of Science.

CEO Compensation
  • G. Indira's compensation has been consistent with company performance over the past year, both up more than 20%.
  • G. Indira's remuneration is higher than average for companies of similar size in India.
Management Team

G. Indira Reddy

TITLE
MD & Director
COMPENSATION
₹37M
AGE
75

Shalini Bhupal

TITLE
Joint MD & Executive Director
COMPENSATION
₹21M
AGE
56

J. Murthy

TITLE
CFO, Compliance Officer & Company Secretary
COMPENSATION
₹10M
TENURE
4.8 yrs

Mala Paropkari

TITLE
Vice President of Investor Relations
Board of Directors Tenure

Average tenure and age of the TAJGVK Hotels & Resorts board of directors in years:

10.2
Average Tenure
73
Average Age
  • The average tenure for the TAJGVK Hotels & Resorts board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Gunapati Venkata Reddy

TITLE
Non-Executive Chairman
COMPENSATION
₹125K
AGE
82
TENURE
14.3 yrs

G. Indira Reddy

TITLE
MD & Director
COMPENSATION
₹37M
AGE
75
TENURE
19.3 yrs

Shalini Bhupal

TITLE
Joint MD & Executive Director
COMPENSATION
₹21M
AGE
56
TENURE
10.2 yrs

Kotireddy Reddy

TITLE
Lead Independent Director
COMPENSATION
₹205K
AGE
82

Ch. G. Murthy

TITLE
Independent Non-Executive Director
COMPENSATION
₹195K
AGE
88
TENURE
7.3 yrs

Devarayapuram Kaarthikeyan

TITLE
Non-Executive Independent Director
COMPENSATION
₹175K
AGE
80
TENURE
18.3 yrs

N. Anil Reddy

TITLE
Independent Non-Executive Director
COMPENSATION
₹40K
AGE
60
TENURE
0.3 yrs

Gunapati Venkata Reddy

TITLE
Non-Executive Director
COMPENSATION
₹100K
AGE
55
TENURE
24.6 yrs

Krishna Bhupal

TITLE
Non-Executive Non-Independent Director
COMPENSATION
₹185K
AGE
36
TENURE
9.8 yrs

Mandavilli Bhaskara Rao

TITLE
Non-Executive Independent Director
COMPENSATION
₹205K
AGE
71
TENURE
9.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess TAJGVK Hotels & Resorts's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TAJGVK Hotels & Resorts has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TAJGVK News

Simply Wall St News

What Is TAJGVK Hotels & Resorts's (NSE:TAJGVK) P/E Ratio After Its Share Price Tanked?

As you can see below, TAJGVK Hotels & Resorts has a higher P/E than the average company (19.9) in the hospitality industry. … Most would be impressed by TAJGVK Hotels & Resorts earnings growth of 17% in the last year. … The Verdict On TAJGVK Hotels & Resorts's P/E Ratio TAJGVK Hotels & Resorts has a P/E of 26.5.

Simply Wall St -

Is TAJGVK Hotels & Resorts Limited's (NSE:TAJGVK) CEO Being Overpaid?

According to our data, TAJGVK Hotels & Resorts Limited has a market capitalization of ₹10.0b, and pays its CEO total annual compensation worth ₹37m. … NSEI:TAJGVK CEO Compensation, August 4th 2019 Is TAJGVK Hotels & Resorts Limited Growing. … We examined the amount TAJGVK Hotels & Resorts Limited pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Is TAJGVK Hotels & Resorts (NSE:TAJGVK) Using Too Much Debt?

Because it carries more debt than cash, we think it's worth watching TAJGVK Hotels & Resorts's balance sheet over time. … Over the last three years, TAJGVK Hotels & Resorts recorded free cash flow worth a fulsome 98% of its EBIT, which is stronger than we'd usually expect. … Our View On our analysis TAJGVK Hotels & Resorts's conversion of EBIT to free cash flow should signal that it won't have too much trouble with its debt.

Simply Wall St -

Be Sure To Check Out TAJGVK Hotels & Resorts Limited (NSE:TAJGVK) Before It Goes Ex-Dividend

TAJGVK Hotels & Resorts's next dividend payment will be ₹0.60 per share, and in the last 12 months, the company paid a total of ₹0.60 per share. … See our latest analysis for TAJGVK Hotels & Resorts Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … TAJGVK Hotels & Resorts is a rare case where dividends have been decreasing at the same time as earnings per share have been improving.

Simply Wall St -

Update: TAJGVK Hotels & Resorts (NSE:TAJGVK) Stock Gained 92% In The Last Five Years

TAJGVK Hotels & Resorts Limited (NSE:TAJGVK) shareholders might be concerned after seeing the share price drop 16% in the last quarter. … Over half a decade, TAJGVK Hotels & Resorts managed to grow its earnings per share at 40% a year. … NSEI:TAJGVK Past and Future Earnings, July 10th 2019 It is of course excellent to see how TAJGVK Hotels & Resorts has grown profits over the years, but the future is more important for shareholders.

Simply Wall St -

Is Now The Time To Put TAJGVK Hotels & Resorts (NSE:TAJGVK) On Your Watchlist?

See our latest analysis for TAJGVK Hotels & Resorts How Fast Is TAJGVK Hotels & Resorts Growing Its Earnings Per Share? … In the last three years TAJGVK Hotels & Resorts's earnings per share took off like a rocket; fast, and from a low base. … For growth investors like me, TAJGVK Hotels & Resorts's raw rate of earnings growth is a beacon in the night.

Simply Wall St -

What Makes TAJGVK Hotels & Resorts Limited (NSE:TAJGVK) A Great Dividend Stock?

With a 0.3% yield and a nine-year payment history, investors probably think TAJGVK Hotels & Resorts looks like a reliable dividend stock. … The first recorded dividend for TAJGVK Hotels & Resorts, in the last decade, was nine years ago. … Conclusion To summarise, shareholders should always check that TAJGVK Hotels & Resorts's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

With 33% Earnings Growth, Did TAJGVK Hotels & Resorts Limited (NSE:TAJGVK) Outperform The Industry?

Understanding how TAJGVK Hotels & Resorts Limited (NSE:TAJGVK) is performing as a company requires looking at more than just a years' earnings. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 54%, indicating the rate at which TAJGVK is growing has slowed down. … I suggest you continue to research TAJGVK Hotels & Resorts to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for TAJGVK’s future growth?

Simply Wall St -

Does This Valuation Of TAJGVK Hotels & Resorts Limited (NSE:TAJGVK) Imply Investors Are Overpaying?

Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (₹, Millions) ₹449.00 ₹709.00 ₹821.00 ₹915.68 ₹1.01k ₹1.11k ₹1.20k ₹1.31k ₹1.41k ₹1.53k Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Est @ 11.53% Est @ 10.34% Est @ 9.5% Est @ 8.92% Est @ 8.51% Est @ 8.22% Est @ 8.02% Present Value (₹, Millions) Discounted @ 16.31% ₹386.03 ₹524.08 ₹521.76 ₹500.32 ₹474.63 ₹446.84 ₹418.42 ₹390.34 ₹363.18 ₹337.29 Present Value of 10-year Cash Flow (PVCF)= ₹4.36b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … NSEI:TAJGVK Intrinsic value, May 23rd 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Why TAJGVK Hotels & Resorts Limited's (NSE:TAJGVK) High P/E Ratio Isn't Necessarily A Bad Thing

View our latest analysis for TAJGVK Hotels & Resorts How Do You Calculate TAJGVK Hotels & Resorts's P/E Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for TAJGVK Hotels & Resorts: P/E of 49.55 = ₹189.55 ÷ ₹3.83 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … The Bottom Line On TAJGVK Hotels & Resorts's P/E Ratio TAJGVK Hotels & Resorts has a P/E of 49.5.

Simply Wall St -

TAJGVK Company Info

Description

TAJGVK Hotels & Resorts Limited owns, operates, and manages hotels, palaces, and resorts under the Taj brand name in India. It operates Taj Krishna, Taj Banjara, Taj Deccan, and Vivanta by Taj in Hyderabad; Taj Chandigarh in Chandigarh; Taj Club House in Chennai; and Taj Santacruz in Mumbai. The company was incorporated in 1995 and is based in Hyderabad, India.

Details
Name: TAJGVK Hotels & Resorts Limited
TAJGVK
Exchange: NSEI
Founded: 1995
₹7,771,850,305
62,701,495
Website: http://www.tajgvk.in
Address: TAJGVK Hotels & Resorts Limited
Taj Krishna,
Road No 1,
Hyderabad,
Andhra Pradesh, 500034,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532390 Equity Shares Mumbai Stock Exchange IN INR 20. Dec 2000
NSEI TAJGVK Equity Shares National Stock Exchange of India IN INR 20. Dec 2000
Number of employees
Current staff
Staff numbers
520
TAJGVK Hotels & Resorts employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 12:50
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/07/31
Last earnings filing: 2019/07/25
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.