Chalet Hotels Ltd
Next 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Chalet Hotels, part of the K Raheja Corp Group, owns, develops, manages, and operates hotels and hotel-led mixed-use developments in India. Its portfolio currently includes 11 operational hotels, ranging from mainstream and luxury segments to commercial spaces. Marriott International and The Accor operate most of its projects, such as the JW Marriott Mumbai Sahar, The Westin in Hyderabad and Mumbai, and Novotel in Pune. Chalet’s operational hotels are found in Mumbai, Delhi, Hyderabad, Bangalore, Pune, and Rishikesh, while those in the pipeline are planned for Navi Mumbai and Khandala as well. Under the leadership of Sanjay Sethi, Chalet Hotels was ranked 40th under the small and medium workplace category in Asia by APAC in 2021.
Incorporation Year: 1986
Headquarters: Mumbai
Top Management: Sanjay Sethi
Industry: Hospitality
Website: www.chalethotels.com
Featured In Fortune India Ranking
Next 500 India
#500(2024)#256(2021)#308(2020)#286(2019)#372(2018)
#500(2024)#256(2021)#308(2020)#286(2019)#372(2018)
Ranking Trend Fortune Next 500 India
Financial Data 2024
Revenue
1,437
(INR Cr)
Net Operating Income
1,417
(INR Cr)
Assets
4,938
(INR Cr)
Profit
278
(INR Cr)
Net Worth
1,851
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1437 16.0% | 1239 133.3% | 531 72.7% | 308 -69.4% | 1006 -0.4% | 1011 14.6% | 882 -4.6% | 925 54.7% | 598 27.9% | 467 -12.6% | 535 36.7% | 391 6.3% | 368 48.2% | 248 17.0% | 212 - |
| Net Operating Income (INR Cr) | 1417 25.59% | 1128 122.22% | 508 77.82% | 286 -70.88% | 981 -0.64% | 987 24.09% | 796 7.89% | 737 26.59% | 582 31.94% | 441 -11.91% | 501 0.00% | 391 6.34% | 368 0.00% | 213 3.10% | 207 0.00% |
| Profit (INR Cr) | 278 51.7% | 183 - | -82 - | -139 - | 103 - | -8 - | -93 - | 127 - | -112 - | -126 - | -109 - | 27 629.7% | 4 -60.7% | 9 -42.1% | 16 - |
| Assets (INR Cr) | 4938 11.1% | 4444 11.8% | 3976 13.2% | 3512 0.4% | 3497 16.1% | 3013 -7.1% | 3243 3.8% | 3123 8.5% | 2879 6.2% | 2711 11.8% | 2425 23.3% | 1966 12.1% | 1755 50.6% | 1165 10.9% | 1050 - |
| Net Worth (INR Cr) | 1851 20.1% | 1542 15.0% | 1341 -5.3% | 1416 -8.9% | 1555 9.3% | 1423 187.1% | 496 6.1% | 467 -9.7% | 517 -18.2% | 632 -4.3% | 661 0.0% | 477 5.9% | 450 0.0% | 436 2.2% | 426 0.0% |
| Employee Cost (INR Cr) | 195 28.8% | 151 51.1% | 100 11.9% | 89 -41.1% | 152 4.7% | 145 13.0% | 128 7.8% | 119 11.4% | 107 23.8% | 86 26.8% | 68 - | 0 - | 0 - | 79 86.1% | 42 - |
| Interest Cost (INR Cr) | 197 | 154 | 144 | 152 | 146 | 266 | 212 | 218 | 216 | 161 | 137 | 145 | 100 | 34 | 32 |
| Cash & Bank Balance (INR Cr) | 132 | 122 | 100 | 46 | 128 | 83 | 32 | 33 | 35 | 32 | 102 | 141 | 18 | 11 | 33 |
| Total Debt (INR Cr) | 2805 | 2667 | 2422 | 1939 | 1791 | 1494 | 2709 | 2636 | 2351 | 2072 | 1759 | 1409 | 1228 | 659 | 554 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 19.4% | 14.8% | - | - | 10.2% | - | - | 13.8% | - | - | - | 6.8% | 1.0% | 3.7% | 7.6% |
| Profit As % Of Assets | 5.6% | 4.1% | - | - | 2.9% | - | - | 4.1% | - | - | - | 1.4% | 0.2% | 0.8% | 1.5% |
| Profit As % Of Networth | 15.0% | 11.9% | - | - | 6.6% | - | - | 27.3% | - | - | - | 5.6% | 0.8% | 2.1% | 3.8% |
| Interest Cost to EBITDA % | 33.6% | 35.6% | 165.1% | - | 44.0% | 84.3% | 172.3% | 92.0% | 161.6% | 287.1% | 618.0% | 54.5% | 64.6% | 77.1% | 48.8% |
| Debt to Equity Ratio | 1.52 | 1.73 | 1.81 | 1.37 | 1.15 | 1.05 | 5.47 | 5.64 | 4.55 | 3.28 | 2.66 | 2.96 | 2.73 | 1.51 | 1.30 |
| RONW | 16.4% | 10.9% | - | - | 6.7% | - | - | 0.8% | - | - | - | 5.7% | 0.8% | 2.2% | 3.8% |
| ROCE | 9.9% | 9.1% | 0.0% | -2.8% | 7.6% | 8.0% | 5.6% | 5.8% | 1.8% | 0.8% | 3.0% | 10.5% | 6.5% | 4.3% | 5.9% |