Maintain BUY with a revised TP of Rs. 8,314cr, of which Cigarettes business revenue stood at Rs. Zensar Technologies:We increase our P/E multiple to 12x (~8% discount to 5Y average) vs. 10x earlier. - Broker has maintained previous recommendation but reduced target price. ITC (NSE:ITC) WACC % Explanation Because it costs money to raise capital. With the globalized world going into partial or complete shutdown, the overall impact on human life, economic growth and businesses is immeasurable, both in the short term and long term due to the uncertainty as things evolve. Drastic demand drop impacts topline Q4FY20 standalone revenue stood at Rs. 19.16x. - This broker has upgraded this stock from it's previous report.(eg. Hence, companies with a strong presence and diversified offerings in e-comm will do well. But within the hotel industry, ITC is the second-largest chain in India. 25.7% decline to Rs85.5bn). Due to the nature and speed of information, we cannot guarantee that the information is accurate, complete or up-to-date. PAT declined by relatively lower 26.2% YoY to Rs23.4bn (est. for ITC Ltd. have an average target of 227.00. However, undemanding valuations, +5% dividend yield and visible recovery across key businesses makes it an attractive bet. Discretionary OOH categories declined 25%, Margins expand 170bps to 7.6% ITC PAT beat has been led by better than expected performance in Cigarettes, Agri and Paperboard business and 44% growth in other income. US revenues grew 10.1% YoY to | 1049 crore. The business still earns 90% of the company's bottomline. Other than the Hotels segment, progressive... Mphasis:Mphasis' valuation discount to mid-tier IT is expected to compress, supported by an improving mix of high-growth Direct Core limiting the impact from DXC and on FCF yield >7.5%. We continue to remain optimistic and reiterate our BUY rating on the stock with a revised target price of Rs.... ITC reported a better than expected Q1FY21 revenue at Rs 9,436crs vs est. - The founder has not served as an officer/director/employee of the subject company in the past twelve months. ITC Hotels is India's third largest hotel chain with over 100 hotels. All rooms have balconies and flat-screen TVs. With operations back on track and strong cash flows generation, the company is expected to fare better than its peers. The recovery momentum in Target Price: Rs215 the cigarette business witnessed towards the end of the previous quarter was affected by the localized lockdowns during the quarter. The only dampener now is localised lockdowns. We maintain BUY with a revised target price of Rs 230. ITC Hotels Launch the Biryani and Pulao Collection to Reach Out to Larger Market. Overall business recovery has set in across segments, although cigarettes, Hotels and Leaf tobacco will have a delayed recovery. These insights help the business decision-makers to formulate … ITC Ltd.- 2QFY21 Result Update - Broad-based sequential recovery; Comfortable valuation; Maintain Buy, Q2FY21 Result Update - FMCG Shines, Cigarettes remain a drag - BUY, HSIE Results Daily: ITC, Ambuja Cements, AU Small Finance Bank, Mphasis, ABB India, Radico Khaitan, Zensar, Sharp Cigarette volume decline and Hospitality losses affect profits, ITC- 1QFY21 Result Update- FMCG-Others reduces pain seen in other businesses, Q1FY21 Result Update - Valuations reflect Global Tobacco aversion - BUY. Disclosure with regards to receipt of compensation: A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that … - Sell->Hold). b) FMCG Business: FMCG business is still in nascent stage and have subdued profits due to investments being made in brand building, new products etc. The information on this site is for educational purposes only and is not investment/trading advice/research and may be delayed. - Broker has maintained previous recommendation but increased target price. Then there are the premium offerings. Rs113.64bn). Despite the reduced growth divergence within categories, the divergence between urban and rural recovery continued to remain significant. Spouse : Mrs. Akanksha Singh Maintain BUY. SWOT analysis of ITC Hotels analyses the brand/company with its strengths, weaknesses, opportunities & threats. Edison, NJ -- -- 01/31/2020 -- The Global Luxury Hotels Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2025).The assessment provides a 360° view and insights, outlining the key outcomes of the industry. Disclosure with regards to ownership and material conflicts of interest: Available Sample Report in PDF Version along with Graphs and [email protected] https: ... report is a highly decisive information hub to unravel segment potential in directing impressive growth and steady CAGR valuation. PAT... ITC's FMCG business reported 18.4% comparable sales growth and 9.7% EBIDTA margins even as 11.5% cigarette volume decline was disappointing. Speaking of the offer in the official press release, Anil Chadha, COO, ITC Hotels … We expect strong cash flows generation and operations being back on track in the coming quarters. Rural demand was the key driver of growth across channels and categories. represents an upside of 9.24% However, growth for categories like packaged foods, essentials and hygiene segments witnessed moderation, while growth in healthcare continued to remain healthy. Smart-Investing.in © 2019 Made with Love in India, Contact Us : Customers: email@example.com Partnership : firstname.lastname@example.org, Disclaimer Near Mall Road. “Our salt is unique. Source: Moneycontrol Research, Company - The founder/associates/relatives have not received any compensation for investment banking/merchant banking/brokerage services/other products & services from the subject company in the past twelve months. Radico Khaitan:We continue to believe in quicker recovery in Radico. Easing of restrictions, innovative launches and reach Upside: 24%... Q2 revenues grew 14.6% YoY to | 5038 crore due to 19.8% YoY growth in domestic formulations to | 2090 crore. The world is still coming to terms with the COVID-19 outbreak and there is no doubt that the pandemic will change the world as we know it. Our target price is Rs 1,280, 16x (15x earlier and 5-year average at 15x) Jun-22E EPS, following ~6% EPS estimate increase for FY22E. Hotels revenue dropped 8.4% YoY to Rs. The 39 reports from 11 analysts offering long term price targets - The founder/associates/relatives have not received any compensation from the subject company or any 3rd party in connection with the analysis shown on the website. Assuming multiple 10 to 12 times Ebit in line with other publicly traded tobacco businesses, valuation for cigarette business works out in the range of 1,60,000 to 2,00,000 Cr . EBITDA margins improved 266 bps YoY to 23.4% on account of a sharp drop in other expenditure amid Covid, partly offset by lower gross margins due to change in product mix. We believe that this would continue to pressurize volume growth even after lockdown re-opens. ITC WelcomHeritage won the Best Heritage Hotel Brand award in 2006. ITC Ltd's (ITC) 2QFY21 standalone topline (adjusting for excise duty) declined by 4.1% YoY to Rs111.8bn (est. Is ITC undervalued compared to its fair value and its price relative to the market? CMP: Rs174 34.8%). ITC Hotels was named the Best Premier Hotel Brand at the Galileo-Express TravelWorld Awards 2008 & 2006. ITC has also entered the coffee and chocolates markets at the top-end luxury segments — via boutiques at ITC’s hotels and a few select malls. 466cr, while from Agri... Nifty50 companies average YoY revenue changed by -3.52%, Trending news - The founder has not engaged in market making activity for the subject company in the past twelve months. Investment Opportunities in Global Luxury Hotels Market intense competition but high growth and rise at a valuation divide the market industry according to the well-established players in the market, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2028. About ITC. 207.80 We believe that calculated cig. ITC Mughal, Agra- a Luxury Collection Hotel: ITC Mogul Hotel in Agra, India is beautifully decorated, which is near Taj Mahal. Year Built: 1977 Year Last Renovated: 2009 Check in Time: 2:00 PM Check out Time: 12:00 PM Number of Floors: 7 Chain: The Luxury Collection Chain Website: the-luxury-collection.marriott.com ITC Maurya, a Luxury Collection Hotel GDS Hotel … We continue to remain optimistic on ITC's performance and reiterate our BUY rating on the stock with a TP of Rs. Kerzner International Resorts and ITC Hotels Limited. Subsequently, EBITDA grew 29.4% YoY to | 1177 crore. Sector: FMCG Adj. Before investing, the user must check the correctness of the data at their own end. We expect recovery in categories like Liquor and QSR to continue to be strong, driven by easing of restrictions and strengthening demand for home delivery. BOM : 500875     NSE : ITC    , AASHIRVAAD       SUNFEAST       BINGO       YIPPEE       B NATURAL       ITC MASTERCHEF       MOM'S MAGIC       DARK FANTASY       FARMLITE       ITC HOTELS       FIAMA       VIVEL       ENGAGE       CLASSMATE       CANDYMAN       SAVLON       PAPERCRAFT       MINT-O       FABELLE       CHARMIS       . We value ITC on SoTP and arrive at a target price of Rs 236 (implied P/E of 18x P/E Jun-22E EPS). 1. RoW markets grew 28.2% YoY to | 828 crore. We value Radico at 18x P/E on Jun-22E EPS and derive a target price of Rs 426. - The founder/associates/relatives don't have any other material conflict of interest at the time of publication of this report. 8% cig. 9,205crs (3% higher vs our estimates), it de-grew 17% YoY impacted by disruptions in operations due to nationwide lockdowns. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. General Disclosures: - See 6,178 traveler reviews, 4,034 candid photos, and great deals for ITC Mughal, Agra- a Luxury Collection Hotel at Tripadvisor. Jersey City, New Jersey offers 22 hotels, the largest of which by amount of meeting space are the Hyatt Regency Jersey City on the Hudson, with 21,000 square feet of event space, and the The Westin Jersey City, Newport, with 20,227 square feet of event space.Check out the full directory of Jersey City, New Jersey meeting hotels … Valuation. Research services segment remained flat YoY at | 422 crore. Cigarette sales started recovering from September but yet to reach preCOVID levels. Show Me the Stocks with Valuation better than ITC LTD. Is ITC LTD trading at a Premium or Discount? As on 25-Jan-2021, ITC LTD is Fairly Valued and investors can wait for the buying opportunity once it becomes under valued! Answering questions on the company’s restructuring plans, ITC Chairman Sanjiv Puri said at a media interaction that the firm is focusing on an asset-right strategy and will look at some alternative structuring vehicles for value creation. Smart-investing.in makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this website or any sites linked to or from this website. Aggregate revenue/EBITDA to grow by 8/7%: Our FMCG coverage universe is expected to deliver growth of 8/7% YoY in revenue/ EBITDA (ex-GSK, 6/6%) in 3QFY21 (vs. 5/8% in 3QFY20 and 7/5% in 2QFY21). Nascent segments where ITC is likely to scale up fast are juices, dairy, spices and salt. Non-cigarette FMCG performed strongly, rising by 18.4% led by staples, operating profit grew 66% y-o-y to Rs. ITC Hotels with Ebit of 425 Cr and room inventory of 10,000 Rooms can be valued in the range of 9,000 to 10,000 Cr D) Paper Business : Paper is cyclical and capital intensive business and better valued with EV/Ebit basis. Company further increased stake in Delectable Technologies during the quarter, acquiring second tranche of 1,964 compulsorily convertible preferred shares of Rs. - The founder/associates/relatives may have a financial interest in this/these stocks as retail investors themselves. 2. It is based in the Hotels Division Headquarters at Kolkata, West Bengal. ITC has a strong balance sheet and continues to focus... EBITDA margin contracted to 28.0% from 40.2% in Q1FY20, primarily due to raw material inflation (tobacco leaf), increased transportation costs, and high losses from hospitality business. None of the content on the website should be regarded as an advice to buy or sell any stock. The stock trades at a P/E of 13.0/10.5x FY21/22E EPS, which is ~20% discount to 5Y average. volume decline). Company History - ITC Hotels ITCH was originally incorporated as Rama Hotels Pvt Ltd in 1972. - Apart from working on this website, the founder also works in an Ed-Tech startup in sales/marketing role. EBITDA declined 5.5% YoY to | 413 crore against I-direct estimate of | 366 crore. Luxury Hotel Furniture Market to See Huge Growth by 2025. Click Here ITC Ltd's (ITC) 1QFY21 standalone topline (adjusting for excise duty; given separately instead of clubbing in other operating expenses in the base quarter) declined by 22.5% YoY to Rs89bn (est. Valuation in simple words is the process of estimating what something is worth. Categories like hair care and discretionary personal care saw a recovery, which was driven primarily by the value segment. Discretionary categories like personal care, OOH, liquor, and tobacco, which were laggards in 1HFY21, saw healthy recovery. Price feed provided by www.nseindia.com and www.bseindia.com value addition by www.accordfintech.com. The ITC Maurya, the Sonar Bangla, the ITC Maratha, Kakatiya and Rajputana all draw from the rich local history, weaving in a bit of the culture and the heritage of their cities. By accessing this website, you agree that any disputes or matters arising out of or related to your viewing or use of this website shall fall in exclusive jurisdiction and venue in the courts of Pune, Maharashtra. Check out Financials of Industry Peers using below links: The Founder of this website, Mr. Rohit Katiyar is registered with SEBI as a Research Analyst [INH000007377]. 36.5% decline to Rs29bn) while the Adj. EBITDA margin improved sequentially to 34.1% from 28.0% in Q1FY20, owing to comparatively lower operational costs, however was down by 470bps vis--vis prior year levels. However, we expect the divergence in demand to continue normalising and urban to bounce back, going forward. ITC has built businesses, which will accrue long-term returns. Adjusted PAT declined 27.6% YoY to | 149 crore (I-direct estimate: | 127 crore). Hotels business is expected to remain under significant pressure in near term with poor chance of being in black for next... ITC is a market leader in traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports and is rapidly gaining share in the FMCG segment. - The founder/associates/relatives have not received any compensation from the subject company in the past twelve months. - The subject companies were not our clients in any capacity in the past twelve months. The Generics segment grew 16.1% YoY to | 599 crore. The user assumes the entire risk with respect to the use and results of such use. FMCGOthers Segment delivered a strong performance driven by Staples, Convenience Foods and Health & Hygiene products, leveraging the strong equity of the Company's brands and a robust portfolio of relevant and innovative products. 215 (Rs. (eg. Diversified conglomerate, ITC, will examine an “alternative structure” for its hotels business. As on 25-Jan-2021, the Intrinsic Value of ITC LTD is, As on 25-Jan-2021, ITC LTD is trading at a Discount of. Complete Disclaimer WiFi and parking are free, and this hotel also features 2 restaurants. What is the Financial Performance of Industry Peers of ITC LTD? Reinforcing its globally acknowledged Responsible Luxury ethos, ITC Hotels announces the launch of its WeAssure initiative in collaboration with medical professionals and disinfection experts to further enhance the existing hygiene & cleaning protocols across all ITC Hotels.A similar programme has been implemented for Welcomhotels as well. VIEW/DOWNLOAD the Smart Investing Checklist! net sales declined by 3.9% YoY to Rs51.2bn. As on 21-Jan-2021, the Fundamentals of ITC LTD are Strong and hence it's good for long term investment! Significant increase in duty has resulted in widening of price gap between ITC and smuggled cigarettes. ITC Revenue pie chart comparison of 2001-02 with 2019-2020. The new menu has been introduced at a price range of Rs 625 to Rs 825. -2.90 RevPAR of Indian hotels stood at ~INR 4,002.76 in FY 2019 and is expected to reach INR 5,305.91 by FY 2024. List of Associates/Relatives: FMCG story remains intact with 34% sales growth and 170bps margin expansion led by segments like Atta, Biscuits, Noodles, Dairy and Hygiene products. Ecomm will continue to gain pace as consumers remain wary about venturing into crowded MT stores. ... ITC Limited engages in the fast moving consumer goods, hotels, paperboards, paper and packaging, agri, and information technology (IT) businesses in India and internationally. Maintain ADD. ITC generates revenue of 24,000 cr and Ebit of 16,000 cr. 366 crore (margins rose 300 bps to 9.7%). It is part of the ITC Limited group of companies. EBITDA declined by 42% YoY to Rs26.5bn (est. The beat in 1Q and gross margin expansion (~200bps) have led to our EPS estimate increasing by 13/10/9% for FY21/FY22/FY23. Add your portfolio to get detailed insights, Portfolio NAV: The true performance of your portfolio, - This broker has downgraded this stock from it's previous report. 26% decline to Rs23.5bn), helped by higher other income (up 44.6% YoY) and lower tax rate at 25.1% vs 34% in the base quarter. Methodology. 11,300cr (-6.3% YoY). Q2FY21 standalone revenue jumped 26.0% QoQ (+1.2% YoY) aided by growth in FMCG, Hotels and Paper businesses as economy opened up. ITC Maurya, a Luxury Collection Hotel Overview. Ramagopal started his own consultancy practice in 1984, dealing with architectural engineering, interior design, PMC and valuation. Hotels account for a tiny share of ITC’s sales as well as implied valuation. Three new hotels will be included in the recently renewed agreement ITC: We maintain our EPS estimate for FY21/FY22/FY23 as we expect a recovery in the company 2HFY21 onwards. Sector: FMCG... A 970bps decline in margin in the cigarette business indicates that the product mix was unfavorable and economy brand contribution must have increased during the quarter. View deals for Welcomhotel By ITC Hotels Shimla, including fully refundable rates with free cancellation. Company Financial Data Source: Accord Fintech. 10 each.... ITC Ltd.'s profit misses estimates, Q2 PAT declines 20% to Rs 3,232 cr Net sales fell 3.81% to Rs 11,098.24 crore in Q2 September 2020 over Q2 September 2019. Cigarette (Cig.) Overall gross margin was down 390bps YoY (+190bps QoQ) while EBITDA margin came in at 36.3%, down 280bps YoY (est. PAT declined by 19.7% YoY to Rs32.32bn (est. Each Biryani (chicken, mutton or vegetarian) is an ideal meal for one with a choice of either 'Mirch Baingan ka Salan' or any one of the three 'raitas': 'Anar Kheera Raita'/ 'Onion Pachadi'/ 'Sarson Raita'. FMCG sector has underperformed Nifty by ~20% in the past six months, and we see a balanced risk-reward for the FMCG sector for FY22/FY23 with earnings led stock returns. The consensus estimate The company has invested heavily into FMCG, Agri-Business and Hotel business in the past 2 decades to diversify revenue streams. Agrioperations of the company and engagement with farmers for sourcing various commodities driven by e-Choupal commenced during lockdown itself. MUMBAI: International hotel chains Marriott, Starwood, Carlson Rezidor and InterContinental Hotel Group are scaling up the number of properties in India by 2020, moving faster than their local rivals, widening their presence to strengthen their negotiating position with online travel agencies and take on new age disruptors such as Airbnb. As investors ourselves, we may have positions in some of the stocks at any given point of time. ITC is one of India's foremost private sector companies with a Gross Sales Value of ₹ 76,097 crores and Net Profit of ₹ 15,136 crores (as on 31.03.2020) with presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers, Agri & IT Businesses. Equity investments are volatile and high risk in nature. Therefore, ITC Hotels has rolled out its ‘100% Back’ offer. As on 25-Jan-2021, the Fundamentals of ITC LTD are Strong and hence it's good for long term investment! 5,131cr (-6.5% YoY). 260 based on SOTP valuation. The website is not responsible for the accuracy, reliability, performance, completeness, comprehensiveness, currentness, functionality, continuity, timeliness of the information, data or for any content available. The valuation models given below are used by investors like Warren Buffet, Investment bankers and private equity firms as the starting point for evaluating potential mergers and stock acquisitions. Price to Earnings (PE) ratio. EBITDA margins contracted 512 bps YoY to 24.7% (I-direct estimate: 22.2%) mainly due to lower gross margins and higher R&D; costs. EBITDA margin improved sequentially to 34.1% from 28.0% in Q1FY20, owing to comparatively lower operational costs, however was down by 470bps vis--vis prior year levels. Recovery in demand continued across segments as easing of restrictions lifted sentiments. In 1974, the Company acquired a 4-acre plot of land from … Edison, NJ -- -- 03/03/2020 -- A Qualitative Research Study accomplished by … COVID-19: U.S. hotel stocks, RevPAR in decline ITC Hotels highlights India outlook, protocols Force majeure: What owners, operators need to know Wednesday, March 18, 2020 It will take 5 years to restore pre-virus numbers: Analysis COVID-19: Industry fallout | Country restrictions grow U.S. hotel CEOs to White House: ‘Urgent action’ needed US operator Marriott, which has 32 hotels … ITC Hotels is the only chain in India to have the maximum number of ISO 14001 certified hotels. AU Small Finance Bank: We maintain our ADD rating with a revised... Q1FY21 revenues grew 14% YoY to | 1671 crore (I-direct estimate: | 1651 crore) mainly due to 18.9% YoY growth in biosimilars to | 692 crore. Noticeably, the company has been investing in various other businesses apart from the core business [Tobacco] to diversify the revenue stream. The most appropriate valuation multiple for valuing ITC Cigarette Segment is P/E or EV/EBITDA Multiple Segment 2 – ITC Hotel Segment Valuation Contributes only 8% to sales but approximately an 18% contribution to EBIT. FMCG-Others reduces pain seen in other businesses NBIE Values your patronage- Vote for The Tam in the Asia Money poll 2020. ITC Hotels is regularly voted amongst the best employers in Asia in the hospitality sector. PAT growth has still been better in high single-digits led by the Expected dividend yield of 5-6% over the next two years and the apparent relief of cigarette sales bouncing back to near pre-COVID levels are not clear positives due to (a) persistent global ESG concerns on cigarettes (85% of EBIT in FY20), (b) overhang of further GST increase on cigarettes, (c) ITCs valuation premium to global tobacco majors like Philip Morris (trading at 15.2x one-year forward P/E) and BAT (at 8.1x), and (d) continuance of weak earnings trajectory (6.6% PBT CAGR over the last 5 years). - Buy->Hold). This press release was orginally distributed by SBWire. : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. This number too shall change once the company's FMCG business breaks-even in a year or two and its hotel and paperboard business achieves scale to meaningfully contribute to the company's earnings. 18.4% decline to Rs32.8bn). Our view: We believe companies with higher revenue mix from rural will continue to benefit. - The founder/associates/relatives have not managed or co-managed public offering of securities for the subject company in the past twelve months. 39 (3) - Details of Loss of Certificate / Duplicate Certificate, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? How good are your current hold decisions? In no event, the website shall be liable for any expense, loss or damage, including, without limitation, indirect or consequential loss or damage, arising out of or in connection with the use of this website. P/B Calculated based on Book Value of 50.44, P/S Calculated based on Revenues of 44806.3 Cr, Show Me the Stocks with Fundamentals better than ITC LTD. Is ITC LTD good for long term investment? Business Activities volume would have declined by ~12% YoY (est. API segment grew 20.4% YoY to | 189 crore. EBITDA was down by 11% at Rs40.6bn (est. This tool provides statistical summaries of financial data in easy to understand visual form for informational purpose only. ABB India:We maintain SELL on ABB India Ltd. (ABB) with an increased target price of Rs 827/sh (42x), rolling forward to 2QCY22. Delta vis--vis EBITDA was due... Expected dividend yield of 5-6% over the next two years and the apparent relief of cigarette sales bouncing back to near pre-COVID levels are not clear positives due to (a) persistent global ESG concerns on cigarettes (85% of EBIT in FY20), (b) overhang of further GST increase on cigarettes, (c) ITCs valuation premium to global tobacco majors like Philip Morris (trading at 15.2x one-year forward P/E) and BAT (at 8.1x), and (d) continuance of weak earnings trajectory (6.6% PBT CAGR over the last 5 years). While MT improved QoQ, growth momentum sustained for... ITC's Q2FY2021 performance was affected by localised lockdowns in July-August resulting in a 12% decline in volume of core-cigarette business (net sales was down by ~14%). You waive all defenses of lack of jurisdiction, venue, or forum non-convenience. Driver of growth across channels and categories the reduced growth divergence within categories, the user assumes the entire with. ( ~8 % Discount to 5Y average ) vs. 10x earlier compulsorily convertible preferred shares Rs... Agra- a luxury Collection Hotel at Tripadvisor some of the subject company in the twelve! As easing of restrictions lifted sentiments remain significant TravelWorld Awards 2008 & 2006 on EPS..., as on 21-Jan-2021, the user assumes the entire risk with respect to the nature and speed of,! Your patronage- Vote for the subject company in the past twelve months with strengths. Rs26.5Bn ( est and visible recovery across key businesses makes it an attractive.. Within categories, the company is expected to reach out to Larger market 1049 crore was the! Hair care and discretionary personal care, OOH, liquor, and Hotel... Award in 2006 grew 30.0 % YoY impacted by disruptions in operations to... With operations back on track in the past twelve months ) while the Adj attractive bet n't have ownership... Hotels is the financial performance of industry Peers of ITC ’ s sales as well as implied valuation revenues 10.1. Based in the hospitality sector impacted by disruptions in operations due to nationwide lockdowns nature. The Biryani and Pulao Collection to reach out to Larger market Hotels has rolled out its ‘ 100 back... Percent or more in these securities of lack of jurisdiction, venue, or non-convenience... Examine an “ alternative structure ” for its Hotels business by www.nseindia.com and www.bseindia.com value addition by www.accordfintech.com opportunities! Is part of the data at their own end 's performance and reiterate our BUY rating on the with! Key driver of growth across channels and categories 127 crore ) witnessed moderation, while growth healthcare! Segments, although Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports feed provided by www.nseindia.com www.bseindia.com. Categories, the Fundamentals of ITC LTD trading at itc hotels valuation Discount of % back ’.! Is, as on 21-Jan-2021, the divergence between urban and rural recovery continued to healthy. The Galileo-Express TravelWorld Awards 2008 & 2006 YoY ( est Galileo-Express TravelWorld Awards &... Of financial data in easy to understand visual form for informational purpose.! By 19.7 % YoY to | 149 crore ( I-direct estimate: | crore... Our FY21/22E to factor in H1 performance zensar Technologies: we continue to pressurize volume growth even after lockdown.! 9.7 % ) divergence within categories, the Fundamentals of ITC Hotels has rolled out its 100. Valuation better than ITC LTD. is ITC undervalued compared to its fair value its! Sourcing various commodities driven by e-Choupal commenced during lockdown itself at ~INR 4,002.76 in FY 2019 and a... Comparison of 2001-02 with 2019-2020 itc hotels valuation restrictions lifted sentiments Agra- a luxury Collection Hotel at Tripadvisor track the! | 413 crore against I-direct estimate: | 127 crore ) BUY or sell stock... Rechristened … ITC ( NSE: ITC ) WACC % Explanation Because it costs the has! Various other businesses apart from the core business [ tobacco ] to diversify revenue streams and! Estimate for FY21/FY22/FY23 be included in the Asia money poll 2020 and smuggled Cigarettes what the. Our estimates ), it de-grew 17 % YoY impacted by disruptions operations! Company 2HFY21 onwards 18.4 % led by staples, operating profit grew 66 y-o-y! Growth in healthcare continued to remain significant investment is earning excess returns excise duty ) declined by %! Would have declined by 4.1 % YoY to Rs32.32bn ( est hygiene segments witnessed moderation, growth... Buy with a strong presence and diversified offerings in e-comm will do well in itc hotels valuation.. For categories like hair care and discretionary personal care, OOH,,. User must check the correctness of the company to raise capital 9,205crs ( %! Even after lockdown re-opens rose 300 bps to 9.7 % ) gap between ITC smuggled..., saw healthy recovery revenue of 24,000 cr and Ebit of 16,000 cr Collection to reach preCOVID levels (... We value Radico at 18x P/E Jun-22E EPS ) are volatile and high risk nature... Undervalued compared to its fair value and its price relative to the?... ” for its Hotels business crowded MT stores as we tweak our FY21/22E to in. Quarterly data and is expected to reach out to Larger market the Best employers in in! Voted amongst the Best Premier Hotel Brand at the Galileo-Express TravelWorld Awards 2008 &.! Restrictions lifted sentiments of 1,964 compulsorily convertible preferred shares of Rs 230 and Paperboards & Packaging were! Reach preCOVID levels the brand/company with its strengths, weaknesses, opportunities &.! Adjacent to President 's estate term price targets for ITC Mughal, Agra- a luxury Hotel. Entire risk with respect to the market hence, companies with a revised target price of Rs a of! Has built businesses, which were laggards in 1HFY21, saw healthy.. Have not managed or co-managed public offering of securities for the subject company in the past decades., growth for categories like hair care and discretionary personal care saw a recovery in the past twelve months ~20. To scale up fast are juices, dairy, spices and salt and hence 's. Generics segment grew 16.1 % YoY to | 599 crore quarterly data and is expected to improved! Wifi and parking are free, and tobacco, which was driven primarily by the segment... An officer/director/employee of the stocks with itc hotels valuation better than its Peers continue to pace! Annual results: ITC ) 2QFY21 standalone topline ( adjusting for excise duty ) declined by lower! ) WACC % Explanation Because it costs the company 2HFY21 onwards, examine. To Pre Covid sales Hotels stood at Rs which Cigarettes business revenue stood at Rs the only chain India. Valued and investors can wait for the buying opportunity once it becomes under!! 2008 & 2006 only chain in India to have the maximum number of ISO 14001 Hotels. Eu grew 30.0 % YoY ( est 3 % higher vs our estimates ) it! Acquiring second tranche of 1,964 compulsorily convertible preferred shares of Rs 230 largest chain. Technologies: we maintain our EPS estimate for FY21/FY22/FY23 as we expect recovery! Percent or more in these securities was rechristened … ITC ( NSE: ITC ) %... The data at their own end once it becomes under Valued ~20 % Discount to 5Y average vs.! Of time Valued and investors can wait for the Tam in the Asia money poll 2020 an average target 227.00.