Vijay Kedia bought 20,25,000 shares of this multibagger hotel stock in 2024: Company reports stellar quarterly results (Q1FY25); PAT zooms over 700 per cent!

The stock’s 52-week high is Rs 504.35 and its 52-week low is Rs 328.85.

Mahindra Holidays & Resorts India Limited (MHRIL), part of the Mahindra Group's leisure and hospitality sector, is a leading vacation ownership company in India. Founded in 1996, the Club Mahindra brand is the largest vacation ownership company outside the US and boasts over 2,50,000 members. They offer family vacation memberships with different tiers catering to various age groups: Club Mahindra targets those 30 and over, Bliss is a points-based system designed for the 50+ age group, and GoZest offers a three-year points membership aimed at younger individuals under 30.

The company reported stellar Quarterly Results (Q1FY25). According to standalone quarterly results, the net sales increased by 7.1 per cent to Rs 350.97 crore and net profit increased by 19.3 per cent to Rs 45.20 crore in Q1FY25 compared to Q1FY24. According to consolidated quarterly results, the net sales increased by 6.3 per cent to Rs 652.86 crore and net profit increased by 763.2 per cent to Rs 6.68 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 7.5 per cent to Rs 2,704.60 crore and net profit increased by 3.15 per cent to Rs 116.63 crore in FY24 compared to FY23.

In the current year, an ace investor, Vijay Kedia bought 20,25,000 shares or a 1 per cent stake in the company. The company has a market cap of over Rs 9,600 crore and has a good return on equity (ROE) track record: 3 Years ROE 30.8 per cent. The shares of the company have a PE of 80x and an ROE of 25 per cent.

On Friday, shares of Mahindra Holidays & Resorts India Limited plunged 0.04 per cent to Rs 476.45 with an intraday high of Rs 489.55 and an intraday low of Rs 421.20. The stock’s 52-week high is Rs 504.35 and its 52-week low is Rs 328.85. The stock gave multibagger returns of 115 per cent in 2 years.  Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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