Chalet Hotels operates at the intersection of hospitality, commercial ventures, retail operations, and real estate development, positioning itself as a multifaceted player in the industry. With a focus on delivering exceptional guest experiences alongside strategic real estate investments, Chalet Hotels combines innovation and service excellence.
In this article, we delve into the company’s diverse portfolio, its growth trajectory, operational strategies, and its impact on the hospitality and real estate sectors.
About Chalet Hotels
Chalet Hotels exemplifies a dynamic presence in India’s hospitality and real estate sectors with a robust portfolio and strategic expansions. Their impressive array of hotels includes renowned properties such as JW Marriott Mumbai Sahar, Bengaluru Marriott Hotel Whitefield, and The Westin Hyderabad Mindspace, offering a combined total of over 2000 keys across key metropolitan areas like Mumbai, Bengaluru, and Hyderabad.
Recently, their strategic entry into the leisure segment with the acquisition of The Dukes Retreat in Lonavala underscores their commitment to expanding and diversifying their hospitality offerings. Beyond hotels, Chalet Hotels engages significantly in commercial and retail real estate, boasting operational properties and expansive developments in prime locations. Projects like the Novotel Nagar Road expansion in Pune and upcoming developments at Delhi Airport and Navi Mumbai highlight their proactive approach to meeting market demands and enhancing their revenue streams. With a strong focus on quality, innovation, and growth, Chalet Hotels continues to set benchmarks in the hospitality and real estate industries in India.
Chalet Hotels Achieves Stellar Q4 Performance: Surges in Revenue and Profits
- Revenue Growth: Increased by 23.79% year-on-year (YoY).
- Profit Surge: Profit rose sharply by 124.54% YoY.
- Quarterly Performance: Revenue grew by 11.93% compared to the previous quarter, with profit up by 16.73%.
- Operating Income: Showed strong growth with an 11.53% increase quarter-on-quarter and 40.03% YoY.
- Earnings Per Share (EPS): EPS for Q4 stood at ₹4.01, marking a significant 78.32% increase YoY.
- Market Performance: Despite recent negative returns (-5.81% in the last week), the stock has delivered impressive gains of 36.4% over the last 6 months and 16.67% year-to-date.
- Market Capitalization: Currently valued at ₹17,721.74 Cr with a 52-week high/low of ₹958 and ₹401.55 respectively.
- Analyst Ratings: Out of 12 analysts covering the company, 2 rates it as Hold, 6 as Buy, and 4 as Strong Buy, reflecting positive sentiment towards Chalet Hotels’ stock.
Below are the trading platforms that you can use to purchase Chalet Hotesl shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 892.08 | 775.72 |
| July 2024 | 883.16 | 767.96 |
| August 2024 | 918.49 | 798.68 |
| September 2024 | 955.22 | 830.63 |
| October 2024 | 936.50 | 814.34 |
| November 2024 | 964.59 | 838.77 |
| December 2024 | 988.70 | 859.74 |
Chalet Hotels’ share price is projected to exhibit a varied trajectory throughout 2024, with analysts forecasting a range from ₹775.72 to ₹988.70 by the year’s end. As of mid-June, the current price stands at ₹826, showing potential for movement within the specified targets. The company commands a market capitalization of ₹18,024 Cr., with a stock P/E ratio of 64.8 and a book value of ₹90.1.
Despite a dividend yield of 0.00%, Chalet Hotels maintains a healthy Return on Capital Employed (ROCE) of 9.88% and Return on Equity (ROE) of 16.4%. With a face value of ₹10.0, the stock’s 52-week high and low are ₹959 and ₹401 respectively, underlining its volatility and potential for growth in the market.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,008.48 | 775.75 |
| February 2025 | 1,034.34 | 795.64 |
| March 2025 | 1,074.68 | 826.67 |
| April 2025 | 1,053.60 | 810.46 |
| May 2025 | 1,022.92 | 786.86 |
| June 2025 | 1,068.95 | 822.27 |
| July 2025 | 1,047.99 | 806.14 |
| August 2025 | 1,080.40 | 831.08 |
| September 2025 | 1,118.21 | 860.16 |
| October 2025 | 1,147.29 | 882.53 |
| November 2025 | 1,175.97 | 904.59 |
| December 2025 | 1,205.37 | 927.21 |
Chalet Hotels’ share price targets for 2025 show a promising outlook, with projections ranging from ₹775.75 to ₹1,205.37 throughout the year. Investors can anticipate significant volatility and potential growth opportunities in the stock, given the projected maximum and minimum price ranges. As of mid-2025, Chalet Hotels is also advancing in its real estate ventures, particularly with a residential project in Koramangala, Bengaluru.
Despite initial challenges with litigation from HAL over building heights, the company has resolved these issues amicably and resumed construction. With 83 units already sold out of 321, and a total project cost estimated at ₹425 Crs, completion by FY26 is anticipated, contributing to Chalet Hotels’ strategic diversification and growth trajectory.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,241.53 | 955.02 |
| February 2026 | 1,273.36 | 979.51 |
| March 2026 | 1,323.03 | 1,017.71 |
| April 2026 | 1,297.08 | 997.76 |
| May 2026 | 1,259.30 | 968.70 |
| June 2026 | 1,315.97 | 1,012.29 |
| July 2026 | 1,290.17 | 992.44 |
| August 2026 | 1,330.07 | 1,023.13 |
| September 2026 | 1,376.62 | 1,058.94 |
| October 2026 | 1,412.42 | 1,086.47 |
| November 2026 | 1,447.73 | 1,113.64 |
| December 2026 | 1,483.92 | 1,141.48 |
Chalet Hotels’ share price targets for 2026 indicate a robust growth trajectory, with expected values ranging from ₹955.02 to ₹1,483.92 throughout the year. This optimistic forecast reflects the company’s strategic initiatives and market confidence. However, Chalet Hotels faces challenges with elevated debt levels, which stood at ₹2,490 crore as of FY23, up from ₹1,870 crore in FY21. This increase is attributed to debt-funded growth capex over recent years, coupled with properties under construction that did not generate cash flows until FY2023. Despite these financial pressures, the company’s diversified portfolio and strategic developments position it for potential growth in the coming years.
| When | Maximum Price | Minimum Price |
| January 2027 | 1,513.60 | 1,164.31 |
| February 2027 | 1,552.41 | 1,194.16 |
| March 2027 | 1,612.95 | 1,240.73 |
| April 2027 | 1,581.33 | 1,216.41 |
| May 2027 | 1,535.27 | 1,180.98 |
| June 2027 | 1,604.36 | 1,234.12 |
| July 2027 | 1,572.90 | 1,209.92 |
| August 2027 | 1,621.54 | 1,247.34 |
| September 2027 | 1,678.30 | 1,291.00 |
| October 2027 | 1,721.93 | 1,324.56 |
| November 2027 | 1,764.98 | 1,357.68 |
| December 2027 | 1,809.11 | 1,391.62 |
Chalet Hotels’ share price targets for 2027 are highly optimistic, with projected values ranging from ₹1,164.31 to ₹1,809.11 throughout the year. This positive outlook is bolstered by strategic capital infusions, as CHL’s promoters have injected over ₹250 crores in preference share capital and loans to support the cash flow needs of the Koramangala residential project.
Despite the challenges posed by elevated debt levels, which reached ₹2,490 crore as of FY23, the company’s proactive financial management and continued focus on growth are expected to drive significant value for investors. The infusion of capital and robust share price targets reflect strong market confidence in Chalet Hotels’ future performance.
| When | Maximum Price | Minimum Price |
| January 2028 | 1,845.29 | 1,419.45 |
| February 2028 | 1,892.60 | 1,455.85 |
| March 2028 | 1,966.42 | 1,512.63 |
| April 2028 | 1,927.86 | 1,482.97 |
| May 2028 | 1,871.71 | 1,439.77 |
| June 2028 | 1,955.93 | 1,504.56 |
| July 2028 | 1,917.58 | 1,475.06 |
| August 2028 | 1,976.89 | 1,520.68 |
| September 2028 | 2,046.08 | 1,573.91 |
| October 2028 | 2,099.28 | 1,614.83 |
| November 2028 | 2,151.76 | 1,655.20 |
| December 2028 | 2,205.55 | 1,696.58 |
- January 2028: ₹1,419.45 (Minimum)
- December 2028: ₹2,205.55 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 2,249.67 | 1,730.51 |
| February 2029 | 2,307.35 | 1,774.88 |
| March 2029 | 2,397.34 | 1,844.10 |
| April 2029 | 2,350.33 | 1,807.95 |
| May 2029 | 2,281.87 | 1,755.29 |
| June 2029 | 2,384.56 | 1,834.27 |
| July 2029 | 2,337.80 | 1,798.31 |
| August 2029 | 2,410.10 | 1,853.93 |
| September 2029 | 2,494.46 | 1,918.81 |
| October 2029 | 2,559.31 | 1,968.70 |
| November 2029 | 2,623.30 | 2,017.92 |
| December 2029 | 2,688.88 | 2,068.37 |
- January 2029: ₹1,730.51(Minimum)
- December 2029: ₹2,688.88 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 2,742.66 | 2,109.74 |
| February 2030 | 2,812.98 | 2,163.83 |
| March 2030 | 2,922.69 | 2,248.22 |
| April 2030 | 2,865.38 | 2,204.14 |
| May 2030 | 2,781.92 | 2,139.94 |
| June 2030 | 2,907.11 | 2,236.24 |
| July 2030 | 2,850.11 | 2,192.39 |
| August 2030 | 2,938.25 | 2,260.20 |
| September 2030 | 3,041.09 | 2,339.30 |
| October 2030 | 3,120.16 | 2,400.12 |
| November 2030 | 3,198.17 | 2,460.13 |
| December 2030 | 3,278.12 | 2,521.63 |
- January 2030: ₹2,109.74 (Minimum)
- December 2030: ₹3,278.12 (Maximum)
Financial Condition of Chalet Hotels: Last 5 Years
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Sales | 987 | 981 | 286 | 508 | 1,128 | 1,417 |
| Expenses | 668 | 644 | 279 | 409 | 676 | 833 |
| Operating Profit | 319 | 337 | 7 | 98 | 453 | 585 |
| OPM % | 32% | 34% | 2% | 19% | 40% | 41% |
| Other Income | 44 | 24 | 14 | 11 | 92 | 20 |
| Interest | 266 | 146 | 152 | 144 | 154 | 197 |
| Depreciation | 115 | 113 | 117 | 118 | 117 | 138 |
| Profit before tax | -18 | 101 | -248 | -153 | 273 | 269 |
| Tax % | 58% | 1% | 44% | 47% | 33% | -3% |
| Net Profit | -8 | 100 | -139 | -81 | 183 | 278 |
| EPS in Rs | -0.37 | 5.01 | -6.78 | -3.98 | 8.94 | 13.54 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 7% |
Over the past five years, Chalet Hotels has demonstrated a notable financial turnaround. Sales grew from Rs. 987 crores in March 2019 to Rs. 1,417 crores in March 2024, reflecting a compounded sales growth of 8% over five years and an impressive 71% over three years. Operating profit increased from Rs. 319 crores to Rs. 585 crores, with an OPM% rising from 32% to 41%. Despite a dip in operating profit in 2021, the company rebounded strongly by 2023. The interest expense was reduced significantly, aiding in improved profitability, while depreciation remained stable.
Net profit swung from a loss of Rs. 8 crores in 2019 to a profit of Rs. 278 crores in 2024, underlining a compounded profit growth of 135% over five years and 59% over three years. Stock price CAGR also soared, marking a 66% increase over three years and 93% in the last year alone. The return on equity climbed steadily, reaching 16% in the most recent year, reflecting robust financial health and management efficiency.
FAQs
What is the current market capitalization of Chalet Hotels?
Chalet Hotels currently boasts a market capitalization of ₹17,721.74 crore.
As of mid-June, the share price stands at ₹826.
Analysts forecast a maximum share price target of ₹988.70 for 2024.
The minimum projected share price for 2024 is ₹775.72.
The maximum share price target for 2025 is projected at ₹1,205.37.
The minimum share price target for 2025 is expected to be ₹775.75.
The share price is anticipated to reach a maximum of ₹3,278.12 by 2030.
The minimum share price target for 2030 is projected at ₹2,109.74.
What is the current P/E ratio of Chalet Hotels?
The current P/E ratio is 64.8.
What is the dividend payout percentage for the last financial year?
The dividend payout percentage for the last financial year is 7%.
What is Chalet Hotels’ compounded sales growth over the last 3 years?
Over the last 3 years, the compounded sales growth is an impressive 71%.
What is Chalet Hotels’ compounded profit growth over the last 3 years?
The compounded profit growth over the last 3 years is 59%.
What is Chalet Hotels’ stock price CAGR over the last 1 year?
The stock price CAGR over the last year is an impressive 93%.
What is Chalet Hotels’ return on equity for the last year?
The return on equity for the last year is an impressive 16%.
What was Chalet Hotels’ operating profit margin (OPM) in March 2024?
The operating profit margin in March 2024 was 41%.
What was the net profit for Chalet Hotels in March 2024?
The net profit in March 2024 was ₹278 crores.
How did Chalet Hotels’ interest expenses change from 2019 to 2024?
Interest expenses significantly decreased from ₹266 crores in 2019 to ₹197 crores in 2024.
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Conclusion: Charting Chalet Hotels’ Path Amidst Growth and Challenges
In conclusion, Chalet Hotels emerges as a formidable player in India’s hospitality and real estate sectors, leveraging a diverse portfolio and strategic expansions to drive growth. With a robust presence in key metropolitan areas through properties like JW Marriott Mumbai Sahar and Bengaluru Marriott Hotel Whitefield, Chalet Hotels has demonstrated resilience and innovation in navigating the market. The company’s foray into leisure with The Dukes Retreat acquisition and ongoing developments at prime locations underscore its commitment to diversifying offerings and capturing new market segments.
Financially, Chalet Hotels has shown impressive performance, evidenced by a 135% compounded profit growth over the last five years. Despite this, challenges such as a high price-to-book ratio (9.17 times), declining promoter holding (-4.17% last quarter), and concerns over tax rates and return on equity persist. The company’s strategic initiatives and market confidence are bolstered by a substantial decrease in interest expenses and an efficient operating profit margin of 41% in March 2024. However, the pledge of 31.9% of promoter holdings warrants investor attention.
Looking forward, Chalet Hotels remains well-positioned to capitalize on its strengths and navigate challenges, thereby continuing to deliver value amidst evolving market dynamics.
What did we learn?
- 1 About Chalet Hotels
- 2 Chalet Hotels Achieves Stellar Q4 Performance: Surges in Revenue and Profits
- 3 How to Purchase Chalet Hotels Shares in India?
- 4 Chalet Hotels Share Price Prediction: 2024 – 2030
- 5 Financial Condition of Chalet Hotels: Last 5 Years
- 6 FAQs
- 6.1 What is the current market capitalization of Chalet Hotels?
- 6.2 What is the current share price of Chalet Hotels?
- 6.3 What is the projected maximum share price target for 2024?
- 6.4 What is the projected minimum share price target for 2024?
- 6.5 What is the projected maximum share price target for 2025?
- 6.6 What is the projected minimum share price target for 2025?
- 6.7 What is the projected maximum share price target for 2030?
- 6.8 What is the projected minimum share price target for 2030?
- 6.9 What is the current P/E ratio of Chalet Hotels?
- 6.10 What is the dividend payout percentage for the last financial year?
- 6.11 What is Chalet Hotels’ compounded sales growth over the last 3 years?
- 6.12 What is Chalet Hotels’ compounded profit growth over the last 3 years?
- 6.13 What is Chalet Hotels’ stock price CAGR over the last 1 year?
- 6.14 What is Chalet Hotels’ return on equity for the last year?
- 6.15 What was Chalet Hotels’ operating profit margin (OPM) in March 2024?
- 6.16 What was the net profit for Chalet Hotels in March 2024?
- 6.17 How did Chalet Hotels’ interest expenses change from 2019 to 2024?
- 7 Conclusion: Charting Chalet Hotels’ Path Amidst Growth and Challenges
