Trending stocks: Chalet Hotels shares trade flat in early session

NEW DELHI: Shares of Chalet Hotels Ltd. traded 0.22 per cent up in Tuesday's trade at 10:49AM (IST). Around 28,821 shares changed hands on the counter.

The counter opened at Rs 172.95 and touched an intraday high and low of Rs 172.95 and Rs 160.95, respectively, in the session so far. Shares of the company of Chalet Hotels Ltd. quoted a 52-week high of Rs 395.0 and a 52-week low of Rs 99.0.

Total market cap of the Chalet Hotels Ltd. stood at Rs 3321.39 crore at the time of writing this report.


Key Financials

The company posted an over threefold jump in its consolidated net profit to Rs 42.17 crore for the quarter ended March 31. Chalet Hotels had posted a net profit of Rs 13.30 crore for the corresponding period of the previous financial year.

The company reported consolidated sales of Rs 227.35 crore for the quarter ended 31-Mar-2020, down 18.26 per cent from previous quarter's Rs 278.14 crore and down 15.75 per cent from the year-ago quarter's Rs 269.86 crore.

Shareholding pattern
As of 31-Mar-2020, DIIs held 17.51 per cent stake in the company, while foreign institutional investors held 8.6 per cent and the promoters 71.41 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 32.35 and a price-to-book ratio of 2.33. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Chalet Hotels Ltd. belongs to the Hotels & Resorts industry.