Scripscan:H. S. India Ltd
cmp:6
Code:532145
Story:H. S. India Limited engages in the hotel and restaurant business in India. It also provides catering services.The Net Income of the Company for the year 2010-11 was amounted to 1464.18 lacs as against 1464.66 lacs in the previous year. Net profit after tax of the Company was amounted to 98.17 Lacs as against 232.34 Lacs in the previous year. Net profit after tax got decreased mainly due to increase in foods & beverages cost and repair & maintenance cost for up keeping the property.Demand levels of rooms are likely to improve in 2011-13 as economic growth gathers momentum and companies increase spending on travel. In long term, the demand-supply gap in India is very real and that there is need for more hotels in most cities. The shortage is especially true within budget and the mid market segment. There is an urgent need for budget and mid market hotels in the country as travellers look for safe and affordable accommodation. In the long-term the hotel industry in India has latent potential for growth. As mid market faces very little disturbances,the Company at locations where its targeting the mid-market segment, provide comfort and look as per guests' requirements. As a part of expansion plan,the Company has added 24 new rooms during the year with total rooms inventory of 134.Company has also started phase wise renovation of existing rooms which is expected to be completed by end of March 2012 to provide high class facilities to its valued customers and exhilarate hospitality standards.The hotel has a book value of 12rs and any good future financial numbers would help the company to quote near its BV.
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
