Chalet Hotels Limited
CHL, part of the K Raheja Corp group, is into hospitality and real estate development. CHL is the owner, developer, asset manager and operator of high-end hotels and a hotel-led mixed-use developer in metropolitan cities such as MMR, Hyderabad, Benga...
Key Metrics
EPS
13.54
Current ratio
0.47
Debt/Equity
1.65
Debt/EBITDA
5.60
Interest coverage ratio
2.37
Operating Cashflow to total debt
0.2
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strong business risk profile driven by established position in the hospitality and rent-generating commercial real estate segments
Partnership with renowned international hospitality operators
Comfortable financial risk profile, backed by deleveraging post QIP
Healthy financial flexibility supported by strong promoter pedigree
Liquidity: Strong
Cons
Exposure to cyclicality in the hospitality industry
Geographic and asset concentration risk
Sizeable capex requirement over the medium term
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About Chalet Hotels Limited bond.
This comprehensive profile covers key factual information about Chalet Hotels Limited. CHL, part of the K Raheja Corp group, is into hospitality and real estate development. CHL is the owner, developer, asset manager and operator of high-end hotels and a hotel-led mixed-use developer in metropolitan cities such as MMR, Hyderabad, Bengaluru and Pune. In fiscal 2024, the company diversified its presence into NCR through Courtyard by Marriott Aravali (158 keys). The company has four operational commercial real estate assets of 2.4 msf, apart from 0.9 msf of commercial property in the pipeline at Powai, Mumbai. CHL also has an ongoing residential project at Koramangala, Bengaluru, wherein the company has sold 62% of the area and will start booking revenue from fiscal 2025. EPS in Mar-2024 was 13.54. Current ratio in Mar-2024 was 0.47. Debt/Equity in Mar-2024 was 1.65. Debt/EBITDA in Mar-2024 was 5.60. Interest coverage ratio in Mar-2024 was 2.37. Operating Cashflow to total debt in Mar-2024 was 0.2. Total revenue for Mar-2025(E) was ₹1,902.55. Net income for Mar-2025(E) stood at ₹732.46. Total assets as of Mar-2024 were ₹5,778.11. Operating cash flow for Mar-2024 was ₹689.44. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), DBS Bank Limited (₹N/A Cr), Standard Chartered Bank Limited (₹N/A Cr), (₹N/A Cr), DBS Bank Limited (₹N/A Cr), DBS Bank Limited (₹N/A Cr), The Federal Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr). Peers and comparison entities consist of Chalet Hotels Limited, Indian Hotels Company Limited, EIH Limited, Ventive Hospitality Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong business risk profile driven by established position in the hospitality and rent-generating commercial real estate segments; Partnership with renowned international hospitality operators; Comfortable financial risk profile, backed by deleveraging post QIP; Healthy financial flexibility supported by strong promoter pedigree; Liquidity: Strong. Key risks include: Exposure to cyclicality in the hospitality industry; Geographic and asset concentration risk; Sizeable capex requirement over the medium term. Leadership team details include Mr. Hetal Gandhi (Chairman & Independent Director), Mr. Arthur De Haast (Independent Director), Ms. Radhika Piramal (Independent Director), Mr. Ravi C. Raheja (Promoter and Non-Executive Director), Mr. Neel C. Raheja (Promoter and Non-Executive Director), Dr. Sanjay Sethi (Managing Director and Chief Executive Officer), Mr. Shwetank Singh (Executive Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.