Advani Hotels & Resorts (India) Limited, formerly known as Ramada Hotels (India) Limited, was incorporated in 1987 and is headquartered in Mumbai, India. The company is a publicly traded entity listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
Advani Hotels & Resorts operates on a focused, single-asset business model. Its primary asset is the Caravela Beach Resort, Goa, an independent, 201-key, 5-Star Deluxe golf resort situated on the Arabian Sea. Designed by the renowned architects WATG, the resort is spread across a 23-acre estate featuring a 275-meter-long beachfront on the white sands of Varca Beach in South Goa.
The Caravela Beach Resort is the company's core asset and is positioned as one of South Goa's premier luxury destinations. The resort, spanning approximately 24 acres, includes 192 rooms, 4 suites, and 6 villas, all equipped with private balconies. Its architectural excellence is complemented by beautifully landscaped gardens and a nine-hole golf course designed by the international landscape architect Belt Collins.
The resort offers a comprehensive array of luxury amenities. Dining options include multiple outlets like Castaways, Beach Hut, Carnaval, Sunset Bar, Island Bar, Atrium Bar, and Cafe Cascada, with 4 distinct restaurants and several bars. The 'Swim-Up Pool Bar' and the 'Beach Shack' (seasonal) are particularly popular attractions for guests.
The Caravela Beach Resort has solidified its market leadership in the luxury hospitality segment through consistent recognition and prestigious awards. It has received the Booking.com 'Travellers Review Award' consecutively from 2018 to 2023 and won the 'TripAdvisor Travellers' Choice Award' in 2021 & 2023, ranking it among the top 10% of hotels globally.
In line with its commitment to environmental stewardship, the company has implemented sustainability initiatives, including the installation of 'Caravela Aqua', an in-house water bottling plant, to reduce reliance on single-use plastic bottles.
The company has demonstrated strong financial performance in its recent reporting periods:
- Full Year FY2025 (Ended March 2025):
- Net Profit: ₹26.44 crore (a 5.93% increase from ₹24.96 crore in FY2024).
- Sales: ₹107.41 crore (a 1.89% increase from ₹105.42 crore in FY2024).
- Q4 FY2025 (Quarter Ended March 2025):
- Net Profit: ₹11.47 crore (an 8.31% increase from ₹10.59 crore in Q4 FY2024).
- Sales: ₹33.51 crore (a 2.89% increase from ₹32.57 crore in Q4 FY2024).
- Q3 FY2025 (Quarter Ended December 2024):
- Net Profit: ₹11.92 crore (a 28.03% increase from ₹9.31 crore in Q3 FY2024).
- Sales: ₹35.14 crore (an 8.83% increase from ₹32.29 crore in Q3 FY2024).
- Market Capitalization: ₹573.95 Cr (as of 23rd June 2025)
- Annual Revenue (FY2025): INR 1,084 million (₹108.4 crore), which is an 8% increase compared to the previous year.
- Profit Before Tax (FY2024): INR 335 million (₹33.5 crore) for the year ended FY24.
- Net Profit After Tax (FY2024): INR 250 million (₹25 crore).
- Return on Equity (ROE): 46.6% pre-tax return on equity capital, including free reserves.
- Profit Growth (CAGR 5 Years): 18.6%
Advani Hotels & Resorts maintains an attractive dividend policy for its shareholders. The company has declared a second interim dividend of 45% (₹0.90 per share) for the financial year 2024-2025. The record date for eligibility was set for May 30, 2025, with payments expected by June 20, 2025. The company consistently maintains a healthy dividend payout ratio of approximately 84.9%.
The company maintains a robust financial position characterized by minimal debt exposure. Advani Hotels & Resorts is almost debt-free, providing significant operational flexibility and financial stability, which is crucial in the capital-intensive hospitality sector.
The company demonstrates a strong Return on Equity (ROE) track record, with a 3-Year ROE of 39.8%, indicating efficient utilization of shareholders' equity.
The stock has shown varied performance across different time horizons. As of recent data:
- 52-Week High: ₹86.99
- 52-Week Low: ₹52.29
- Last 3 Years Performance: The share price has moved up by 43.14% on BSE.
The company is led by Mr. Sunder G. Advani, an experienced veteran in the hospitality industry, who serves as the Chairman and Managing Director. Mr. Advani holds an undergraduate degree from Temple University and an M.B.A. from the Wharton School of Business Administration at the University of Pennsylvania, USA. His extensive experience includes a significant role in establishing and developing Holiday Inn hotels across South Asia, including successful ventures in Bombay, Agra, Madras, and Colombo, prior to his involvement with Advani Hotels & Resorts.
Advani Hotels & Resorts has strategically positioned itself to capitalize on India's growing domestic tourism and wedding markets. Fiscal Year 2024 was a landmark year for the Caravela Beach Resort, hosting the highest number of weddings in the company's history, leveraging its expansive 270-meter beachfront and surrounding lawns as multiple venues.
Despite facing infrastructure changes, such as the opening of the new Mopa Airport and the diversion of flights from Dabolim Airport, the company has demonstrated resilience and maintained its growth trajectory through operational adaptability. The focused single-asset business model allows for specialized operational excellence and targeted investments to maintain its premium positioning in the competitive Goa hospitality market.
