Declared Dividend • May 29
Dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 31st July 2026 Payment date: 6th September 2026 Dividend yield will be 0.5%, which is higher than the industry average of 0.3%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 51% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • May 28
EIH Limited announces Annual dividend, payable on September 06, 2026 EIH Limited announced Annual dividend of INR 1.5000 per share payable on September 06, 2026, ex-date on July 31, 2026 and record date on July 31, 2026. Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹10.05 (vs ₹11.82 in FY 2025) Full year 2026 results: EPS: ₹10.05 (down from ₹11.82 in FY 2025). Revenue: ₹31.1b (up 11% from FY 2025). Net income: ₹6.28b (down 15% from FY 2025). Profit margin: 20% (down from 26% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year. Duyuru • May 27
EIH Limited, Annual General Meeting, Aug 07, 2026 EIH Limited, Annual General Meeting, Aug 07, 2026. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹3.89 (vs ₹4.23 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.89 (down from ₹4.23 in 3Q 2025). Revenue: ₹8.73b (up 5.0% from 3Q 2025). Net income: ₹2.43b (down 8.1% from 3Q 2025). Profit margin: 28% (down from 32% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹1.82 (vs ₹2.08 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.82 (down from ₹2.08 in 2Q 2025). Revenue: ₹6.33b (up 1.6% from 2Q 2025). Net income: ₹1.14b (down 12% from 2Q 2025). Profit margin: 18% (down from 21% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 12
Indian Hotels, ITC, EIH & Others Reportedly in Race for Pune's Courtyard by Marriott The Indian Hotels Company Limited (BSE:500850), ITC Hotels Limited (NSEI:ITCHOTELS) and EIH Limited (NSEI:EIHOTEL) are among hospitality companies to have shown interest in acquiring Courtyard by Marriott, a Pune-based five-star hotel owned by Advantage Raheja group, said people aware of the development. Several real estate companies such as Oberoi Realty Limited (NSEI:OBEROIRLTY) and Shree Naman Developers Ltd. too have shown interest. As many as 42 companies have submitted expressions of interest (EoIs) in a sale process overseen by the bankruptcy court. The five star hotel, owned by the Neo Capricorn Plaza, a company promoted by Advantage Raheja group, is located in the heart of Pune city. Viceroy Hotels Limited (BSE:523796), Manipal Health Systems Private Limited, Juniper Hotels Limited (NSEI:JUNIPER), Chalet Hotels Limited (NSEI:CHALET) and Runwal Hotels Private Limited are among other hospitality companies interested in Courtyard by Marriott, Pune. Resolution professional Jayesh Sanghrajka declined to comment on the offers. Indian Hotels, EIH and ITC Hotels did not respond to ET's queries. Neo Capricorn Plaza is undergoing a corporate insolvency process after the National Company Law Tribunal accepted Omkara Asset Reconstruction's petition. Sanghrajka has verified claims amounting to INR 9,410 million. Omkara ARC is the largest secured debtholder with a 99% share, while HDFC Bank has approved a claim of INR 1.7 million or less than 0.02%. Duyuru • Nov 05
Indian Hotels, EIH, ITC Reportedly Join Race for JW Marriott Bengaluru The Indian Hotels Company Limited (BSE:500850), EIH Limited (NSEI:EIHOTEL) and ITC Hotels Limited (NSEI:ITCHOTELS) are among leading hospitality companies that have shown interest in acquiring the luxury hotel JW Marriott in Bengaluru, according to documents seen by ET. As many as 40 companies, mostly from the hospitality and real estate sectors, have submitted expressions of interest in a sale process overseen by the bankruptcy court. The five-star hotel, owned by the Advantage Raheja Group, has 281 rooms and is located in the heart of the city. Other leading players in the fray include Manipal Health Systems, Chalet Hotels, SAMHI Hotels, Oberoi Realty, Unisons Hotels and Shree Naman Developers. Financial investors such as Brookfield Advisors India, JC Flowers Asset Reconstruction and Kotak Alternate Asset Managers have also shown interest. Resolution professional Jayesh Sanghrajka declined to comment on the offers. Indian Hotels, EIH and ITC Hotels did not respond to ET's queries. Gstaad Hotels (Gstaad Hotels Private Limited), the Advantage Raheja Group company that owns JW Marriott in Bengaluru, is undergoing a corporate insolvency process after the National Company Law Tribunal accepted Omkara Asset Reconstruction's petition. Upcoming Dividend • Jul 23
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 31 August 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.4%). Reported Earnings • Jul 15
Full year 2025 earnings released: EPS: ₹11.82 (vs ₹10.22 in FY 2024) Full year 2025 results: EPS: ₹11.82 (up from ₹10.22 in FY 2024). Revenue: ₹28.0b (up 9.0% from FY 2024). Net income: ₹7.39b (up 16% from FY 2024). Profit margin: 26% (up from 25% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 22
Dividend increased to ₹1.50 Dividend of ₹1.50 is 25% higher than last year. Ex-date: 30th July 2025 Payment date: 31st August 2025 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 21
Full year 2025 earnings released: EPS: ₹11.82 (vs ₹10.22 in FY 2024) Full year 2025 results: EPS: ₹11.82 (up from ₹10.22 in FY 2024). Revenue: ₹28.8b (up 12% from FY 2024). Net income: ₹7.39b (up 16% from FY 2024). Profit margin: 26% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 04
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to ₹334. The fair value is estimated to be ₹277, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 26% in a year. Earnings are forecast to grow by 43% in the next year. Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹4.23 (vs ₹3.51 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.23 (up from ₹3.51 in 3Q 2024). Revenue: ₹8.31b (up 8.0% from 3Q 2024). Net income: ₹2.64b (up 21% from 3Q 2024). Profit margin: 32% (up from 28% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 12
Eih Limited Appoints Peter James Holland Riley as Additional Non-Executive Independent Director, Effective 12 December 2024 EIH Limited informed that based on the recommendation of the Nomination and Remuneration Committee of the Board, the Board of Directors of the Company have appointed Mr. Peter James Holland Riley with effect from 12 December 2024 as an Additional Director under the category of Non-Executive Independent Director, not liable to retire by rotation, for a term of five consecutive years, subject to the approval of the Shareholders of the Company. Term of appointment is Five consecutive years. Mr. Peter James Holland Riley holds a degree in Geography from Durham University and qualified as a Chartered Accountant in 1985. Mr. Riley was Group Chief Executive Officer of Mandarin Oriental Hotel Group from 2016 to 2023. He drove the Group's strategy, accelerated expansion with 38 new luxury hotel and helped build a profitable management company. At an operational level, Mr. Riley modernised traditional hospitality to a less formal culture and advanced talent as a foundation on which the group achieved excellence in service. Mr. Riley has over 30 years of experience as a key figure in senior management of the Jardine Matheson Group, a conglomerate with numerous listed companies operating primarily in East Asia. During his tenure, Mr. Riley held pivotal leadership positions and played a significant role in shaping the Jardine Matheson Group. Additionally, he was instrumental in guiding the Group's efforts to assess, cultivate, and develop its talent. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹2.08 (vs ₹1.49 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.08 (up from ₹1.49 in 2Q 2024). Revenue: ₹6.23b (up 13% from 2Q 2024). Net income: ₹1.30b (up 40% from 2Q 2024). Profit margin: 21% (up from 17% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 29
EIH Limited Announces Cessation of Sudipto Sarkar as Independent Director EIH Limited informed that Mr. Sudipto Sarkar will complete his term as an Independent Director with effect from the close of business hours on 29 October 2024. Buy Or Sell Opportunity • Oct 10
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to ₹432. The fair value is estimated to be ₹349, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 23% in a year. Earnings are forecast to grow by 44% in the next year. Duyuru • Aug 10
EIH Limited Approves Dividend for the Financial Year Ended March 31, 2024 EIH Limited at its AGM held on 7th August 2024 approved a dividend at the rate of INR 1.2 per equity share of INR 2 each for the financial year ended March 31, 2024. Upcoming Dividend • Jul 24
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 11 September 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.3%). Reported Earnings • Jul 18
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₹10.22 (up from ₹5.19 in FY 2023). Revenue: ₹25.7b (up 24% from FY 2023). Net income: ₹6.39b (up 97% from FY 2023). Profit margin: 25% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. New Risk • Jun 04
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Duyuru • May 31
EIH Limited, Annual General Meeting, Aug 07, 2024 EIH Limited, Annual General Meeting, Aug 07, 2024. Duyuru • May 30
EIH Limited Recommends Final Dividend for the Financial Year 2023-24, Payable on or Before August 31, 2024 The Board of Directors of EIH Limited at its meeting held on May 28, 2024, recommended a final dividend @ 60%, i.e., INR 1.20 per equity share having face value of INR 2 each, to the Shareholders for the Financial Year 2023-24. The company has fixed July 31, 2024 as the record date for determining the list of eligible shareholders to receive the Final Dividend for the Financial Year 2023-24, if approved at the Seventy-Fourth Annual General Meeting of the Company, scheduled to be held on August 7, 2024. Payment of such dividend is subject to deduction of tax at source and will be made on or before August 31, 2024. Reported Earnings • May 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₹10.22 (up from ₹5.19 in FY 2023). Revenue: ₹26.3b (up 27% from FY 2023). Net income: ₹6.39b (up 97% from FY 2023). Profit margin: 24% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Duyuru • May 19
EIH Limited to Report Q4, 2024 Results on May 28, 2024 EIH Limited announced that they will report Q4, 2024 results on May 28, 2024 Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹3.51 (vs ₹2.32 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.51 (up from ₹2.32 in 3Q 2023). Revenue: ₹7.70b (up 28% from 3Q 2023). Net income: ₹2.19b (up 51% from 3Q 2023). Profit margin: 28% (up from 24% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 30
EIH Limited to Report Q3, 2024 Results on Feb 06, 2024 EIH Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Duyuru • Jan 05
EIH Limited Appoints Renu Sud Karnad as Additional Director (Non-Executive Independent Director) EIH Limited announced that based on the recommendation of the Nomination and Remuneration Committee of the Board, the Board of Directors of the company have appointed Mrs. Renu Sud Karnad, with effect from 05 January 2024 as an Additional Director under the category of Non-Executive Independent Director, not liable to retire by rotation, for a first term of five consecutive years, subject to the approval by the Members of the Company. Mrs. Renu Sud Karnad is a Master in Economics from the University of Delhi and has a Bachelor's degree in Law from the University of Mumbai. Mrs. Karnad was Managing Director of Housing Development Finance Corporation Limited. She became a Non-Executive Director on HDFC Bank's Board on 1 July 2023. Mrs. Karnad has been instrumental in the merger of HDFC bank with its parent company HDFC. Mrs. Karnad is currently the President of the International Union for Housing Finance (IUHF), an association of global housing finance firms. Mrs. Karnad has been on various eminent Boards during the course of her career some of which included Bosch Limited, ABB India and HDFC Life Insurance Company Limited. Mrs. Karnad has to her credit, numerous awards and accolades from various entities viz. CNBCTV18, India Today, U.S. Banker magazine, Wall Street Journal Asia. Mrs. Karnad was listed as the Top 10 women to watch out for in Asia by the Wall Street Journal. Price Target Changed • Dec 28
Price target increased by 20% to ₹329 Up from ₹275, the current price target is provided by 1 analyst. New target price is 35% above last closing price of ₹243. Stock is up 44% over the past year. The company posted earnings per share of ₹5.19 last year. Price Target Changed • Nov 07
Price target increased by 12% to ₹275 Up from ₹246, the current price target is an average from 2 analysts. New target price is 15% above last closing price of ₹238. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₹6.50 for next year compared to ₹5.19 last year. Reported Earnings • Nov 06
Second quarter 2024 earnings released: EPS: ₹1.49 (vs ₹0.46 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.49 (up from ₹0.46 in 2Q 2023). Revenue: ₹5.52b (up 33% from 2Q 2023). Net income: ₹931.1m (up 225% from 2Q 2023). Profit margin: 17% (up from 6.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 26
EIH Limited to Report Q2, 2024 Results on Nov 03, 2023 EIH Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹237, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 43x in the Hospitality industry in India. Total returns to shareholders of 166% over the past three years. Duyuru • Aug 10
EIH Limited Approves to Declare a Dividend for the Financial Year Ended March 31, 2023 EIH Limited at its AGM held on August 9, 2023, approved to declare a dividend at the rate of INR 1.10 per equity share of INR 2 each for the Financial Year ended March 31, 2023. Duyuru • Aug 01
EIH Limited to Report Q1, 2024 Results on Aug 08, 2023 EIH Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Upcoming Dividend • Jul 26
Upcoming dividend of ₹1.10 per share at 0.5% yield Eligible shareholders must have bought the stock before 02 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.4%). Reported Earnings • Jul 21
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹5.19 (up from ₹1.38 loss in FY 2022). Revenue: ₹20.7b (up 102% from FY 2022). Net income: ₹3.25b (up ₹4.11b from FY 2022). Profit margin: 16% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 21
EIH Limited, Annual General Meeting, Aug 09, 2023 EIH Limited, Annual General Meeting, Aug 09, 2023, at 11:30 Indian Standard Time. Duyuru • May 23
EIH Limited Recommends Final Dividend for the Financial Year 2022-2023 EIH Limited at its board meeting held on May 22, 2023, recommended a final dividend at 55% that is INR 1.10 per equity share of face value INR 2 each to the Shareholders for the Financial Year 2022-2023. Reported Earnings • May 23
Full year 2023 earnings released: EPS: ₹5.19 (vs ₹1.38 loss in FY 2022) Full year 2023 results: EPS: ₹5.19 (up from ₹1.38 loss in FY 2022). Revenue: ₹21.0b (up 105% from FY 2022). Net income: ₹3.25b (up ₹4.11b from FY 2022). Profit margin: 16% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹2.32 (vs ₹0.61 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.32 (up from ₹0.61 in 3Q 2022). Revenue: ₹6.03b (up 59% from 3Q 2022). Net income: ₹1.45b (up 282% from 3Q 2022). Profit margin: 24% (up from 10.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 10
Newrest Group Services SAS completed the acquisition of Eih Flight Services Limited from EIH Limited (BSE:500840). Newrest Group Services SAS agreed to acquire Eih Flight Services Limited from EIH Limited (BSE:500840) for approximately MUR 330 million on March 16, 2022. Eih Flight Services Limited generated turnover of MUR 46.46 million, during the financial year 2020-21. The transaction has been approved by the board of directors of EIH Limited at its meeting held on March 16, 2022. Long stop date of 3 months from signing of documents is being considered to conclude the transaction. Ernst & Young LLP acted as the financial advisor to Eih Flight Services.
Newrest Group Services SAS completed the acquisition of Eih Flight Services Limited from EIH Limited (BSE:500840) on February 8, 2023. Duyuru • Feb 03
EIH Limited to Report Q3, 2023 Results on Feb 10, 2023 EIH Limited announced that they will report Q3, 2023 results on Feb 10, 2023 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. 2 experienced directors. 7 highly experienced directors. Non-Executive Independent Director Sanjay Bhatnagar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 03
EIH Limited Appoints Manoj Kapoor as Chief Internal Auditor Board of Directors of EIH Limited at its meeting held on 2nd November 2022 appointed Mr. Manoj Kapoor as the Chief Internal Auditor of the Company. He is a Commerce Graduate from Delhi University (1996 Batch). He qualified as a Chartered Accountant from the Institute of Chartered Accountants of India in May 2002. Mr. Kapoor has more than 22 years of experience in the field of Internal Audit in various reputable organizations, such as the Indian Hotels Company Limited KPMG and The Leela Palaces, Hotels and Resorts as the Head of Internal Audit. Mr. Kapoor was working with The Aga Khan Development Network - Academies Unit as Global Head ofInternal Audit and Compliance since June 2015. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: ₹0.46 (vs ₹0.59 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹0.46 (up from ₹0.59 loss in 2Q 2022). Revenue: ₹4.17b (up 68% from 2Q 2022). Net income: ₹286.8m (up ₹657.7m from 2Q 2022). Profit margin: 6.9% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Duyuru • Jul 19
EIH Limited to Report Q1, 2023 Results on Jul 27, 2022 EIH Limited announced that they will report Q1, 2023 results on Jul 27, 2022 Reported Earnings • Jul 09
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: ₹1.38 loss per share (up from ₹5.96 loss in FY 2021). Revenue: ₹10.2b (up 95% from FY 2021). Net loss: ₹864.5m (loss narrowed 76% from FY 2021). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 64%. Over the next year, revenue is forecast to grow 49%, compared to a 46% growth forecast for the restaurants industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Duyuru • Jul 02
EIH Limited, Annual General Meeting, Jul 28, 2022 EIH Limited, Annual General Meeting, Jul 28, 2022, at 11:30 Indian Standard Time. Duyuru • Jun 28
EIH Limited Announces Change of Director EIH Limited announced that term of appointment of Mr. Shib Sanker Mukherji as Executive Vice Chairman of the Company has concluded on 26 June 2022. Mr. Mukherji did not wish to consider a renewal. Further to informed that Mr. Shib Sanker Mukherji by letter dated 27th June 2022 has tendered his resignation from the Board of Directors of the Company including various Board Committees to which he was a member with immediate effect. Mr. Shib Sanker Mukherji is a Chartered Accountant and has done an advanced Management Program from Harvard Business School. He joined the Company in March 1972 and held various positions before appointed as Director on the Board of the Company in May 1999. He was appointed as Vice Chairman and Managing Director effective from 1st July 2004 and Chief Executive Officer from 2013 to 2015. Mr. Mukherji was re-designated as Executive Vice Chairman on 24th March 2015. Mr. Mukherji's exceptional insight and ability to offer valuable advice and guidance to senior colleagues and the Board has been sincerely appreciated and recognised over the years. Board Change • May 11
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Sanjay Bhatnagar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 06
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: ₹1.38 loss per share (up from ₹6.17 loss in FY 2021). Revenue: ₹10.4b (up 96% from FY 2021). Net loss: ₹864.5m (loss narrowed 77% from FY 2021). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 64%. Over the next year, revenue is forecast to grow 41%, compared to a 45% growth forecast for the restaurants industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Duyuru • May 05
EIH Limited Announces Management Changes The Board of Directors of EIH Limited announced that Mr. P.R.S. Oberoi has decided to relinquish his position as Executive Chairman and Director of the company effective 3rd May 2022 due to his deteriorating health. The Board of Directors further announced the appointment of Mr. Arjun Singh Oberoi as Executive Chairman of the company with effect from 4th May 2022 he currently was Managing Director - Development of the company. Mr. Arjun Singh Oberoi has been an Executive Director of the company for over two decades and has over 30 years of experience in the hotel industry. Price Target Changed • Apr 27
Price target increased to ₹170 Up from ₹95.00, the current price target is an average from 2 analysts. New target price is 8.6% above last closing price of ₹156. Stock is up 77% over the past year. The company is forecast to post a net loss per share of ₹0.95 next year compared to a net loss per share of ₹6.17 last year. Duyuru • Mar 10
EIH Limited Announces Resignation of L. Ganesh as Board of Director EIH Limited announced that Mr. L. Ganesh, Independent Director has resigned from the Board of Directors with effect from March 7, 2022. Resignation due to personal reasons and there is no other material reason for resignation. Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: ₹0.61 (up from ₹0.91 loss in 3Q 2021). Revenue: ₹3.79b (up 95% from 3Q 2021). Net income: ₹380.3m (up ₹937.6m from 3Q 2021). Profit margin: 10.0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 52%. Over the next year, revenue is forecast to grow 51%, compared to a 44% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 13
Second quarter 2022 earnings released: ₹0.59 loss per share (vs ₹2.03 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: ₹2.48b (up 192% from 2Q 2021). Net loss: ₹370.9m (loss narrowed 68% from 2Q 2021). Executive Departure • Aug 05
Senior VP, Company Secretary & Compliance Officer S. Sridhar has left the company On the 2nd of August, S. Sridhar's tenure as Senior VP, Company Secretary & Compliance Officer ended after 10.0 years in the role. We don't have any record of a personal shareholding under Sridhar's name. Sridhar is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.33 years. Reported Earnings • Jul 09
Full year 2021 earnings released: ₹6.17 loss per share (vs ₹2.60 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: ₹5.33b (down 67% from FY 2020). Net loss: ₹3.70b (down 348% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
Full year 2021 earnings released: ₹6.17 loss per share (vs ₹2.60 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: ₹5.55b (down 66% from FY 2020). Net loss: ₹3.81b (down 356% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 04
New 90-day high: ₹109 The company is up 11% from its price of ₹98.35 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Hospitality industry, which is also up 11% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: ₹0.91 loss per share (vs ₹1.66 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹1.79b (down 65% from 3Q 2020). Net loss: ₹557.3m (down 159% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Duyuru • Jan 16
EIH Limited to Report Q3, 2021 Results on Jan 29, 2021 EIH Limited announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Nov 29
New 90-day high: ₹89.80 The company is up 2.0% from its price of ₹87.70 on 31 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 9.0% over the same period. Reported Earnings • Nov 05
Second quarter 2021 earnings released: ₹2.03 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: ₹848.0m (down 75% from 2Q 2020). Net loss: ₹1.16b (down 498% from profit in 2Q 2020). Duyuru • Jul 24
EIH Limited Auditor Raises 'Going Concern' Doubt EIH Limited filed its Annual on Jul 21, 2020 for the period ending Mar 31, 2020. In this report its auditor, Deloitte Haskins & Sells, gave an unqualified opinion expressing doubt that the company can continue as a going concern.