External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

<ul><li>Oriental Hotel (OHL) operates in South India with Indian Hotels Company (IHCL) being one of the promoter entities</li><li>The company owns and operates seven hotels with ~825 rooms across business &amp; leisure locations in the south</li><li>We remain positive on the company and maintain our BUY rating. We value the stock at Rs 73 i.e. 30x FY23E EV/EBITDA</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Oriental Hotel (OHL) operates in South India with Indian Hotels Company (IHCL) being one of the promoter entitiesThe company owns and operates seven hotels with ~825 rooms across business &amp; leisure locations in the southWe remain positive on the company and maintain our BUY rating. We value the stock at Rs 73 i.e. 30x FY23E EV/EBITDAContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Oriental Hotels: Efficiency to Yield Better Results Post End of Pandemic

<p>IHCL has a stake in OHL both in terms of ownership and management of operations of properties by way of operating agreement. All properties are operated under the brands owned by IHCL (Taj, SeleQtions, Vivanta, Gateway) and offer high level of standardisation in services, experience and products specific to the category under which the particular hotel belongs. Historically, OHL's balance sheet was heavily levered with net debt/EBITDA touching ~7x in FY17. In line with Aspiration 2022 of the IHCL group, the company sold its Vizag property and garnered Rs 120 crore in 2018.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

IHCL has a stake in OHL both in terms of ownership and management of operations of properties by way of operating agreement. All properties are operated under the brands owned by IHCL (Taj, SeleQtions, Vivanta, Gateway) and offer high level of standardisation in services, experience and products specific to the category under which the particular hotel belongs. Historically, OHL's balance sheet was heavily levered with net debt/EBITDA touching ~7x in FY17. In line with Aspiration 2022 of the IHCL group, the company sold its Vizag property and garnered Rs 120 crore in 2018.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ORIENTHOT: IHCL has a stake in OHL both in terms of ownership and management of operations of pro...

India

Oriental Hotels Limited owns and operates hotels and resorts.

Oriental Hotels (OTH IN)

Oriental Hotels: Efficiency to Yield Better Results Post End of Pandemic

Oriental Hotel (OHL) operates in South India with Indian Hotels Company (IHCL) being one of the promoter entities. The company owns and operates...

ICICI Securities Limited

ORIENTHOT: IHCL has a stake in OHL both in terms of ownership and management of operations of pro...

IHCL has a stake in OHL both in terms of ownership and management of operations of properties by way of operating agreement. All properties are...

ICICI Securities Limited