Whalesbook
Toh yaar, asal mein hua yeh hai ki Iran conflict jaisi global tensions ki wajah se bookings cancel hui aur delays aaye, jisse IHCL ko consolidate revenue mein around ₹100 Crore ka nuksan hone ka estimate hai. Thoda toh impact international travel par pada hi tha.
Par, apne desh ka tourism na ekdum solid raha! Jidhar international travel thoda dhimi padi, udhar leisure, MICE events (meetings, conferences, etc.), aur shaadiyon ke liye log bhar bhar ke travel kar rahe hain. Is zabardast domestic demand ne pura scene palat diya. Iski wajah se revenue growth 14% year-on-year badh gayi, jisse total revenue ₹2,765.29 Crore ho gaya Q4 mein.
Aur jab revenue itna bhaga, toh profit bhi kaccha hi aaya! Company ka consolidated profit ₹645.43 Crore raha, jo pichhle saal ke ₹563 Crore se kaafi tagda jump hai.
Ab future ki baat karein toh, management ko poora bharosa hai ki yeh momentum bana rahega. IHCL expect kar rahi hai ki FY27 ke pehle quarter mein bhi growth 12% se zyada hogi. Desi demand strong hai aur company apne hotels bhi expand kar rahi hai.
Waisey, poora Indian hospitality sector abhi full speed mein hai, industry revenue 9-12% tak grow kar sakta hai. IHCL ka market cap ₹95,000 Crore ke aas paas hai aur iska P/E ratio 43.45x hai. Yeh apne competitors EIH Ltd. (32.39x) aur Chalet Hotels (26.96x) ke comparison mein thoda premium hai, par IHCL ka brand aur desh bhar mein network bahut strong hai.
Ab risks kya hain? Sabse bada risk toh yeh premium valuation hi hai. Agar economy mein koi badi gadbad hui ya global uncertainties badhi toh luxury travel par asar pad sakta hai. Company apni portfolio ko 2030 tak double karne ke liye bade plans bana rahi hai, jisme execution risk ho sakta hai.
Par analysts abhi bhi bahut positive hain! UBS ne target ₹900 diya hai, Jefferies ₹800, aur Goldman Sachs ₹790. Macquarie bhi 'Outperform' rating de raha hai ₹770 target ke saath. Sabko lagta hai ki IHCL, India ke strong travel market ka fayda utha kar achhi growth dega.