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.
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