Buy Lemon Tree Hotels, target price Rs 78: ICICI Direct

ICICI Direct has buy call on Lemon Tree Hotels with a target price of Rs 78. The current market price of Lemon Tree Hotels is Rs 61.05. Time period given by analyst is one year when Lemon Tree Hotels Ltd. price can reach defined target.

Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 4793.09 Crore) operating in Tourism & Hospitality sector.

Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 127.17 Crore, down -12.90 % from last quarter Total Income of Rs 146.01 Crore and up 31.13 % from last year same quarter Total Income of Rs 96.97 Crore. Company reported net profit after tax of Rs -39.45 Crore in latest quarter.

Investment Rationale
The company’s large asset base, strategic partnership, and financial flexibility to continue support liquidity profile if further need arise

Promoter/FII Holdings
Promoters held 23.95 per cent stake in the company as of 31-Mar-2022, while FIIs owned 28.72 per cent, DIIs 12.16 per cent.