Asian Hotels (North) Limited is a prominent hospitality company incorporated in 1982 and is part of the Jatia Group. The company operates a five-star deluxe hotel, Hyatt Regency in Delhi, positioning itself as a significant player in India's luxury hospitality sector. The company was founded on November 13, 1980, and is headquartered in New Delhi, India.
The company's primary business revolves around hospitality services, though it has diversified operations. The Company operates through four segments: Hotel Business, Power Generation Operations, and Real Estate Operation. The company generates the majority of its revenue from the Hotel business, making it fundamentally a hospitality-focused enterprise.
Asian Hotels (North) owns a 5-star deluxe hotel, with 507 rooms and suites in Delhi, by the name of Hyatt Regency in Delhi. The Hotel Hyatt Regency includes approximately 507 rooms and suites, which offer Internet access to support business needs. The hotel is strategically located at Bhikaji Cama Place, providing premium accommodation and hospitality services to business and leisure travelers.
The hotel boasts an impressive array of dining and entertainment facilities. The hotel includes restaurants, such as Cafe, an all-day dining restaurant; The China Kitchen, an authentic Chinese restaurant; La Piazza for traditional Italian and Sidewalk, the pastry, and a confectionary store. The leisure facilities offered by the hotel include a spa, a unisex salon, a fitness center, and an outdoor swimming pool.
Asian Hotels (North) has a market cap of ₹694 crore (up 120% in 1 year) as of recent data. As of March 31, 2025, Asian Hotels (North) has a trailing 12-month revenue of $37.6M. Its current market cap is $82.8M with 19.5M shares.
The company's recent financial performance shows mixed results. Total revenue from operations for the financial year 2023-24 was higher at ₹29,809.19 lakhs as compared to ₹25,577.99 lakhs in the previous financial year, showing an increase of 16.54% over the previous financial year. Combined revenue from Food & Beverage including Wines & Liquor showed a marginal increase of 5.95% and the room revenue increased by 32.96% during the year under review, as compared to the previous financial year.
The company has been experiencing operational challenges in recent quarters. Net Loss of Asian Hotels (North) reported to ₹25.26 crore in the quarter ended June 2024 as against net loss of ₹20.05 crore during the previous quarter ended June 2023. Net Loss of Asian Hotels (North) reported to ₹51.96 crore in the quarter ended September 2024 as against net loss of ₹23.08 crore during the previous quarter ended September 2023.
• Market Capitalization: ₹704 crore
• Revenue (TTM): ₹318 crore
• Profit (TTM): ₹187 crore
• Book Value: ₹135 per share
• Return on Equity (ROE): -41.0% (FY23-24) / -49.1% (3-year average)
• Return on Capital Employed (ROCE): 6.65%
• 52-week High Share Price: ₹403.65
• 52-week Low Share Price: ₹150.55
The company's segments include Hospitality / Hotel Business, Power Generation Operations, and Real Estate Operations. While the hotel business remains the primary revenue generator, the company has diversified into power generation and real estate to create additional revenue streams and optimize asset utilization.
Asian Hotels (North) has 785 total employees, reflecting the labor-intensive nature of the hospitality business and the company's commitment to service excellence.
The company has undergone significant management changes recently. During the year under review, Mr. Deena Nath Pathak (DIN: 02104727) was appointed as an Independent Director of the Company with effect from March 16, 2024, to March 15, 2025. After the closure of the financial year on March 31, 2024, Mr. Arjun Raghavendra Murlidharan (DIN: 09801149) was appointed as an Independent Director of the Company with effect from April 04, 2024, to April 03, 2025.
While Asian Hotels (North) Limited represents an investment opportunity in India's hospitality sector, particularly for investors seeking exposure to premium hotel operations in the Delhi market, several factors warrant investor attention.
Positives:
* Company has reduced debt, which is positive for financial stability.
* Strategic location and quality assets (Hyatt Regency Delhi).
* Diversified business model providing potential for additional revenue streams.
Negatives/Considerations:
* Stock is trading at 2.61 times its book value.
* Company has a low interest coverage ratio.
* Company has a low return on equity of -49.1% over the last 3 years, indicating operational challenges and recent losses.
The stock trades on both NSE and BSE under the symbol ASIANHOTNR, providing good liquidity for investors. ASIANHOTNR stock is 2.00% volatile and has a beta coefficient of 0.54, suggesting lower volatility compared to the broader market. The company faces operational challenges reflected in recent losses, but its strategic position provides a foundation for potential recovery as the hospitality sector continues to evolve.
