Turning Bullish: EIH

7 Okt

Introduction

• EIH is the pioneer of luxury hotels in India.
  
• EIH primarily owns and manages premium luxury hotels and cruisers under the luxury Oberoi, Trident and Maidens brands.
  
• The Company is also engaged in flight catering, airport restaurants, project management and corporate air charters.
  

Fundamentals:

• Market Cap: ₹ 24,461 Cr.;
  
• Stock P/E(Ind. P/E): 38.5 (46.64);
  
• Book Value: ₹ 63.0;
  
• Dividend Yield: 0.31 %;
  
• ROCE: 23.6 %;
  
• ROE: 17.6 %;
  
• Compounded Sales Growth (TTM): 20%;
  
• Compounded Profit Growth (TTM): 56%
  
• Company has delivered good profit growth of 30.2% CAGR over last 5 years
  
• Cons: OPM: 26%(Sep.2024) down from 41%(Jun 2024)
  

Technical Analysis
EIH is trading near the important support level of 391.
Resistance levels: 406, 427, 461, 485
Support levels: 379, 365, 391