EIH Ltd (EIHOTEL)

EIH Ltd's ROCE Higher Than Industry Average - 16 Apr, 2024

EIH Ltd has a return on capital employed (ROCE) of 20%, which is higher than the Hospitality industry average of 11%. Over the last five years, ROCE has grown 165% whilst employing roughly the same amount of capital, indicating improvements in the company's efficiencies. The promising fundamentals mean the company deserves further due diligence.

Bullish Sentiment for EIH Ltd in Hospitality Industry - 09 Apr, 2024

Mutual funds Icy Icy and Safe Bank are among the recent believers in the growing demand for hospitality, with ultra HNIs also investing. The stock has seen aggressive buying at sub-Rs 300 levels.

Positive Outlook for EIH Ltd in the Hospitality Sector - 04 Apr, 2024

The hospitality sector is seeing a demand-supply mismatch, with growing demand and operational efficiencies leading to increased room rates. Companies like EIH Ltd are managing hotels rather than expanding capex, resulting in reduced debt. Religious tourism and convention centers will boost growth.

EIH Shares Surge Over Plans to Build Luxury Resort in Goa - 01 Apr, 2024

EIH Ltd is set to construct an Oberoi Luxury Resort at Cavelossim Beach in South Goa with an investment of Rs 421 crore. The company has also entered into a hotel management agreement for another project. EIH's share price surged by almost 8% following the announcement.

EIH to Build Luxury Resort in South Goa - 29 Mar, 2024

EIH has received approval for a new Oberoi luxury resort at Cavelossim Beach in South Goa with an investment of Rs 421 crore. The resort is expected to be operational from October 2027 and will have 90 rooms & suites catering to domestic and international travelers on a 52-acre site owned by the company.

EIH Ltd to Build Luxury Resort in South Goa - 28 Mar, 2024

EIH Ltd has approved the construction of a luxury resort at Cavelossim beach in South Goa, with an estimated investment of ₹421 crore. The resort will feature 90 rooms and suites across its sprawling acreage and is scheduled to be operational from October 1, 2027. EIH has also ventured into another hotel management agreement for a luxury Oberoi resort at Bogmalo beach in South Goa.

EIH Ltd Shows Strong Financial Position - 26 Mar, 2024

EIH Limited has a net cash position of ₹3.11b and grew its EBIT by 126% last year, producing sturdy free cash flow equating to 66% of its EBIT during the last two years. The balance sheet looks quite solid.