Buy Chalet Hotels, target price Rs 715: ICICI Securities

ICICI Securities has buy call on Chalet Hotels with a target price of Rs 715. The current market price of Chalet Hotels Ltd. is Rs 635.1.

Chalet Hotels Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 13028.19 Crore) operating in Tourism & Hospitality sector.

Chalet Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services, Lease Rentals and Other Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 318.16 Crore, up 1.13 % from last quarter Total Income of Rs 314.59 Crore and up 27.03 % from last year same quarter Total Income of Rs 250.47 Crore. Company reported net profit after tax of Rs 36.44 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 71.7 per cent stake in the company as of 30-Sep-2023, while FIIs owned 2.51 per cent, DIIs 21.82 per cent.