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Wednesday, October 31, 2007

EIH Associated Hotels Ltd

EIH Associated Hotels Ltd : Reco Price Rs. 128.40 CMP: Rs.144.20 (Gain 12.31%)
With the current market cap at just Rs.250 crores and its current enterprise value; the valuation is at a significant discount to the intrinsic worth of the company.

EIH Associated Hotels is a part of the Oberoi group and owns 8 Hotel properties in the country. The company initially had two Hotel properties – Oberoi Rajvilas, Jaipur and Trident Hilton, Chennai. Pursuant to a scheme of arrangement between EIH Ltd. and EIH Associated Hotels Ltd., The Cecil at Simla and Trident Hilton, Bhubhneshwar were transferred to EIH Associated Hotels. The merger of Indus Hotels Corporation Ltd. with EIH Associated Hotels led to 4 more properties – Trident Hilton, Agra; Trident Hilton, Jaipur; Trident Hilton, Kochi and Oberoi Udaivilas, Udaipur, coming into the fold of EIH Associated Hotels.

Latest Data As On 29/10/2007
Latest Equity(Subscribed) 19.59
Latest Reserve 69.67
Latest Bookvalue -Unit Curr. 45.56
Latest EPS -Unit Curr. 8.5
Latest Market Price -Unit Curr. 128.25
Latest P/E Ratio 15.03
52 Week High -Unit Curr. 195
52 Week High-Date 1/4/2007
52 Week Low -Unit Curr. 112
52 Week Low-Date 4/2/2007
Market Capitalisation 251.2
Stock Exchange BSE
Dividend Yield -% 0.63

(Source : Capitaline)

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