Oriental Hotels Ltd
ORIE

Oriental Hotels Ltd (ORIENTHOT)

₹57.252.5%

Key Stats

₹56.45
Day's Price Range
₹57.8
₹26.85
52-Week Price Range
₹69.95
1 Month Return-14.54 %
3 Month Return3.71 %
1 Year Return91.59 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 15
-50.31
EPS
Rank 14
₹-1.13
BVPS
Rank 17
₹25.23
Dividend Yield
Rank 7
ROE
Rank 11
Price To Book Ratio
2.25
Debt To Asset
Rank 25
0.44

Company Information

Promoted by the Reddy group of South India Oriental Hotels entered into a technical assistance and operating contract with the Indian Hotels Company IHC. Taj Coromandel the flagship hotel was inaugurated in 1974. In 1975 the entire hotel was functioning with 224 guest rooms. In 1985 the company signed an agreement with Covelong Beach Hotels India to operate their Fishermans Cove Beach Resort in Madras. It also signed an operating contract for the Emboodhu Finolhu Island Resort Maldives.In 1985 the company took on lease the Malabar Hotel at Cochin which was extensively renovated and opened to guests in 1986. In 198889 the company entered into an agreement with the International Airports Authority of India to operate snackbars at Madras Airport. In Jun.93 it offered rights at a premium of Rs 60 to raise part funds required to renovate refurbish modernise and upgrade its hotels. In 199495 the company concluded an operating agreement with OEL International Hongkong to render technical services for its Chicago based hotel Executive Plaza. The US based wholly owned subsidiary was set up from proceeds received out of 30 mln GDRs issue. In 199596 the company acquired controlling stake in Coramandel Hotels. During the year 19992000 in a major restructuring exercise of international operations the Executive Plaza Hotel Chicago USA was sold. OHL HK plans to expand by making long term equity investments in St. James Court Hotel London Taj Lanka Resorts Limited Sri Lanka and Taj Maldives Pte. Ltd Maldives.During the year 20002001 the Company continued with its plans to upgrade and modernise the facilities in all its hotels. The heritage wing at the Luxury Resort Hotel Taj Malabar after major renovation and refurbishment covering the lobby main block guest rooms was commissioned in March 2001. Taj Malabar Hotel has added a Thai Restaurant as part of its new offering to the guests. The Phase II of renovation covering 15 cottages at Luxury Resort Fishermans Cove was also completed during the year.The company has considered the proporsal of amalgamation of Covelong Beach Hotel India and Coromandel Hotel with the company.During the year 200203 Scheme of Amalgamation of Orient Holdings Ltd and Fishcove Leasing and Investment Ltd with the Company was approved by the Honble High Court of Judicature at Madras.
OrganisationOriental Hotels Ltd
HeadquartersChennai
IndustryHotels & Restaurants