Jindal Hotels Ltd.
Snapshot View

38.80 -1.65 ▼-4.1%

20 May 2022, 04:01:00 PM
Volume: 5,436

Overview View Details

Sector Hospitality Compare with Sector peers
Industry Hotel, Resort & Restaurants Compare with Industry peers
Website http://www.suryapalace.com
Market Cap 27.16 Cr.
Enterprise Value(EV) 87.76 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) -3.43 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2022-03
Industry PE - Trailing Twelve Months Ending 2022-03
Book Value / Share 23.99 Trailing Twelve Months Ending 2022-03
Price to Book Value 1.62 Calculated using Price: 38.80
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 0.70 Cr. 7,000,000 Shares
FaceValue 10
Company Profile

Jindal Hotels runs a three star hotel, Hotel Surya Palace, at Baroda. The company was incorporated on May 4, 1984 as a private limited company. Pursuant to the resolution passed at the Extra-ordinary General Meeting of members held on December 5, 1985, it was converted into a public limited company and a fresh certificate of incorporation deleting the word private was obtained on January 24, 1986 from Registrar of Companies, Ahmedabad, Gujarat. The main object of the company is to carry on the business of Hotel and Restaurants. 

The company entered into the capital market in August, 1986 by an issue of equity shares to the tune of Rs104.98 lakh, since it has been running as a 3 star Category Hotel under the name and style ‘Hotel Surya Palace’, at Baroda. During the initial years of commercial operations, the company faced numerous problems viz. frequent communal riots in the City of Baroda, consecutive bad monsoon in the year 1987 & 1988, postponement of various public sector projects, resultant industrial depression, economic recession etc. These factors altogether resulted in lower sales and consequent losses for the Company. Due to effective management, company's losses remained under control in these difficult times; from the year 1991, the company turned the corner and started earning profits. The company's successful operations are reflected in the increase in its turnover from Rs. 176 lakh in the year 1990-91 to Rs. 320 lakh in the year 1993-94 and a rise in net worth from Rs.4.91 lakh to Rs.86.16 lakh. Considering the emerging market potential and its sound footing in the market as a leading hotel in Baroda company proposes to expand and upgrade the existing Hotel by raising the funds through Right Issue of Equity Shares. In 2004, Jindal Hotels informed that the equity shares of the company had been delisted from Ahmedabad Stock Exchange with effect from March 31, 2004.

Business areas of the company:

The company's principal activity is to provide hoteliering and related services. It operates Surya Palace Hotel located at Sayajigunj, Vadodara. The company operates only in India.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-4.08%
1 Week
-3.00%
1 Month
-20.08%
3 Month
-11.92%
6 Month
+12.14%
1 Year
+60.66%
2 Year
+151.13%
5 Year
-19.67%
10 Year
+21.25%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 11.23 7.42 6.68 6.84 0.85 3.68 5.78 2.52 -48.68
Return on Capital Employed (%) 11.90 10.87 10.09 10.76 9.04 6.44 8.01 7.44 -8.06
Return on Assets (%) 4.43 2.41 2.00 1.96 0.24 1.03 1.70 0.79 -13.18

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 23 24 23 25 25 25 27 27 18 17
Non Curr. Liab. 36 46 51 58 58 57 53 51 58 62
Curr. Liab. 6 9 5 6 6 7 8 6 6 10
Minority Int.
Equity & Liab. 65 79 79 88 88 89 87 85 82 88
Non Curr. Assets 58 67 72 79 79 80 77 74 70 73
Curr. Assets 7 12 8 9 9 9 10 11 12 15
Misc. Exp. not W/O
Total Assets 65 79 79 88 88 89 87 85 82 88

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 28 30 32 36 36 34 38 38 16 30
Total Income 28 30 32 36 36 35 38 38 16 30
Total Expenditure -20 -20 -21 -24 -23 -23 -26 -27 -17 -24
PBIDT 8 10 11 13 13 12 12 11 -1 7
PAT 2 2 2 2 0 1 2 1 -11 -2
Adjusted EPS 4 3 3 3 0 2 2 1 -16 -4

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 0 8 5 6 7 13 11 10 11 0
Cash Fr. Inv. -9 -23 -12 -11 -13 -5 -8 -2 -2 -1
Cash Fr. Finan. 4 16 11 0 7 -8 -5 -8 -8 2
Net Change -4 0 5 -5 1 0 -1 0 1 1
Cash & Cash Eqvt 0 0 5 1 1 1 0 0 1 2

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 66.12 66.12 66.12 66.12 69.43 69.43 69.43 69.43 65.96
Public 33.88 33.88 33.88 33.88 30.57 30.57 30.57 30.57 34.04
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.65 0.00 0.00

Announcements View Details

Thu, 12 May 2022
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1 Name of Company JINDAL HOTELS LTD.
2 CIN NO. L18119GJ1984PLC006922
3 Report filed for FY 2021-2022
Details of the Current block (all figures in Rs crore):
4 2 - year block period (Specify financial years)* 2021-22 2022-23
5 Incremental borrowing done in FY (T)(a) 0.00
6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00
7 Actual borrowing done through debt securities in FY (T)(c) 0.00
8 Shortfall in the borrowing through debt securities if any for FY (T - 1) carried forward to FY (T) (d) Nil
8Quantum of (d) which has been met from (c)(e)* Nil
9 Shortfall if any in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative write nil}* Nil


Details of penalty to be paid if any in respect to previous block (all figures in Rs crore):
2 - year Block period (Specify financial years)2020-21 2021-22
Amount of fine to be paid for the block if applicable Fine = 0.2% of {(d) - (e)}#0.00



Name of the Company Secretary :-Mansi Vyas
Designation :-Company Secretary and Compliance Officer
Name of the Chief Financial Officer :- Kishor Darji
Designation : -Chief Financial Officer

Date: 12/05/2022

Fri, 29 Apr 2022
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompayJINDAL HOTELS LTD.
2CINL18119GJ1984PLC006922
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 57.83
4Highest Credit Rating during the previous FY BB+
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Mansi Vyas
Designation: Company Secretary and Compliance Officer
EmailId: share@suryapalace.com
Name of the Chief Financial Officer: Kishor I Darji
Designation: Chief Financial Officer
EmailId: accounts@suryapalace.com

Date: 29/04/2022

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Tue, 26 Apr 2022
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
The Board of Directors of the Company has also subject to approval of the members in the ensuing Annual General Meeting (AGM) recommend Re-appointment of M/s. Modi & Joshi (Firm Registration No. 135442W) Chartered Accountants Vadodara as the Statutory Auditors of the Company for a Second Consecutive terms of 5 (five) years from the conclusion of the ensuing Annual General Meeting (AGM) of the Company to be held in FY 2022-23 till the conclusion of AGM to be held in FY 2026-27.

Technical Scans View Details

Fri, 20 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Opening at High Opening at High
Closing Below Previous Low Closing Below Previous Low

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