Oravel Stays Ltd (Oyo Rooms)

₹2,100 - ₹3,500

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	849	Visit
★★★★☆	₹2,600	773	Visit
★★★★★☆	₹2,700	826	Visit
★★★★★☆	₹2,800	306	Visit
★★★★☆☆	₹2,900	952	Visit

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★★★★☆

LTP:₹2,100

Min Qty:699

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★★★★☆

LTP:₹2,600

Min Qty:760

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★★★★★☆

LTP:₹2,700

Min Qty:648

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★★★★★☆

LTP:₹2,800

Min Qty:498

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★★★★☆☆

LTP:₹2,900

Min Qty:195

Strengths & Weaknesses

Strengths

Credit Rating: Credit rating agency, Fitch, upgraded OYO’s rating to 'B' from 'B-' with a 'Stable' outlook.

Repayment of Debt: Oyo has prepaid its debt up to ₹16.2 Bn Cr in Nov’23 which, further, brought down its gross debt to ₹37.2 Bn. They aims to be Net Debt-free by FY26.

Improving Profitability: Oyo improved its EBITDA margins (as a % of GBV) from -44% in FY20 to ~+8% in FY24 with a net earning of ~₹100 Cr.

Franchise model: The Company as on date operates on a totally franchise model with no fixed payout commitments and eliminating capex requirements, boosting profitability.

Growing Outreach: In FY24, OYO added about 5,000 hotels and 6,000 homes globally.

Weaknesses

Delay in IPO: OYO filed two addendums to its prospectus, informing investors of its improved business performance in the first half of FY23. However, SEBI has requested additional information in the prospectus, particularly concerning business risk factors. This requirement has contributed to delays in OYO's IPO.

Subpar service quality: While OYO excels in offering rooms and ensures customers feel they receive good value for their money, the quality and reliability of its services are often questioned and remain quite controversial.

Falling Valuation: Oyo's valuation dropped from ₹797.5 billion in Aug’21 to ₹287 bn in Jul’24

Balance Sheet	FY24	FY23	FY22	FY21	FY20	FY19
Equity Capital	133.9	133.9	133.8	1.1	1.14	0.98
Other Equity	766.8	448.6	1309.8	2743	6448.55	8727.7
Total Equity	900.7	582.6	1443.6	2744.1	6449.69	8728.68
Borrowings	3556.8	5005.1	4614.7	1900.54	2625.97	16.6
Other Non-Current Liabilities	467.8	425.3	400.1	692.4	1003.6	30.4
Total NC Liabilities	4024.5	5430.4	5014.8	2592.9	3629.6	47.0
Borrowings	46.1	66.5	49.9	1265.46	169.91	78.38
Other Current Liabilities	1471.9	1853.2	1944.3	2148.6	3859.9	1019.5
Total Current Liabilities	1518.1	1919.7	1994.2	3414.1	4029.8	1097.9
Equity + Liabilities	6443.4	7932.6	8452.6	8751.1	14107.9	9873.6
Fixed Assets (incl. WIP)	4441.0	4100.8	3902.9	4158.11	5164.6	754.7
Other Non Current Assets	580.6	1537.2	1411.4	758.3	1449.18	776.22
Total NC Assets	5021.68	5638.0	5314.3	4916.44	6613.78	1530.92
Trade Receivables	202.9	158.3	252.4	101.14	131.59	128.54
Cash & Cash Equivalents	709.8	1677.1	2165.7	2798.75	4855.05	4567.68
Other Current Assets	509.0	459.1	720.1	934.7	2507.6	3646.5
Total Current Assets	1421.7	2294.5	3138.2	3834.59	7494.24	8342.72
Total Assets	6443.4	7932.5	8452.6	8751.0	14108.0	9873.6

Profit & Loss	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from Operations	5388.7	5464.0	4781.4	3961.7	13168.2	6332.1
Growth %	-1%	14%	21%	-70%	108%	0
Operating Expenses	4681.6	5837.8	5941.2	5984.3	19330.8	8767.7
Growth %	-20%	-2%	-1%	-69%	120%	0
Operating Profit	707.1	-373.9	-1159.9	-2022.7	-6162.7	-2435.7
Op. Profit Margin %	13.1%	-6.8%	-24.3%	-51.1%	-46.8%	-38.5%
Other Income	162.9	154.9	113.2	-59.2	154.1	188.7
Interest Expense	843.8	681.6	745.7	559.9	741.2	10.6
Depreciation	200.3	280.3	298.8	391.8	2728.2	70.1
Exceptional Items	-409.8	105.4	27.6	1001.1	1643.9	0.0
Discontinued Operations	0	0	200.0	141.6	-2026.1	0
Profit Before Tax	235.7	-1286.3	-1918.9	-3893.1	-13147.9	-2327.6
Tax	6.41	0.2	22.8	43.8	-18.2	5.7
Tax %	3%	0%	-1%	-1%	0%	0%
Profit After Tax	229.3	-1286.5	-1941.7	-3936.8	-13129.7	-2333.3
Growth %	117.8%	-33.7%	-50.7%	-70.0%	462.7%	0
PAT %	4%	-24%	-41%	-99%	-100%	-37%
Diluted EPS	0.36	-0.8	-1.1	0	0	-1.2

Shareholding Pattern

Color	Shareholder	Holding
	SoftBank	45%
	Ritesh Agarwal (Promoter)	31%
	Other Investors	21%
	Sequoia	3%

Fundamentals

Quick Insights

Credit Rating: Credit rating agency, Fitch, upgraded OYO’s rating to 'B' from 'B-' with a 'Stable' outlook.
Repayment of Debt: Oyo has prepaid its debt up to ₹16.2 Bn Cr in Nov’23 which, further, brought down its gross debt to ₹37.2 Bn. They aims to be Net Debt-free by FY26.
Improving Profitability: Oyo improved its EBITDA margins (as a % of GBV) from -44% in FY20 to ~+8% in FY24 with a net earning of ~₹100 Cr.
Franchise model: The Company as on date operates on a totally franchise model with no fixed payout commitments and eliminating capex requirements, boosting profitability.
Growing Outreach: In FY24, OYO added about 5,000 hotels and 6,000 homes globally.

Market Cap₹25,454.22 Cr

PE Ratio116.67

EPS0.36

Dividend Yield0%

Book Value₹1.3

Debt/Equity2.19

Price/Book32.31

Industry PE0

Sales₹5,388.70 Cr

Profit After Tax₹235.70 Cr

ISININE561T01021

SectorHospitality

About Company

OYO Rooms, founded in 2012 by Ritesh Agarwal, is an Indian multinational hospitality chain that operates leased and franchised hotels, homes, and living spaces

OYO is focused primarily on budget hotels and ensures consistent quality and amenities across its properties, including hotels, vacation homes, and living spaces, through a standardised approach. It leverages a blend of technology and operational expertise to improve customer experience, encompassing booking management, property management, and customer support.

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	151	Visit
★★★★☆	₹2,600	145	Visit
★★★★★☆	₹2,700	404	Visit
★★★★★☆	₹2,800	375	Visit
★★★★☆☆	₹2,900	951	Visit

Quick Insights

Credit Rating: Credit rating agency, Fitch, upgraded OYO’s rating to 'B' from 'B-' with a 'Stable' outlook.
Repayment of Debt: Oyo has prepaid its debt up to ₹16.2 Bn Cr in Nov’23 which, further, brought down its gross debt to ₹37.2 Bn. They aims to be Net Debt-free by FY26.
Improving Profitability: Oyo improved its EBITDA margins (as a % of GBV) from -44% in FY20 to ~+8% in FY24 with a net earning of ~₹100 Cr.
Franchise model: The Company as on date operates on a totally franchise model with no fixed payout commitments and eliminating capex requirements, boosting profitability.
Growing Outreach: In FY24, OYO added about 5,000 hotels and 6,000 homes globally.

Market Cap₹25,454.22 Cr

PE Ratio116.67

EPS0.36

Dividend Yield0%

Book Value₹1.3

Debt/Equity2.19

Price/Book32.31

Industry PE0

Sales₹5,388.70 Cr

Profit After Tax₹235.70 Cr

ISININE561T01021

SectorHospitality

About Company

Strengths

Credit Rating: Credit rating agency, Fitch, upgraded OYO’s rating to 'B' from 'B-' with a 'Stable' outlook.

Repayment of Debt: Oyo has prepaid its debt up to ₹16.2 Bn Cr in Nov’23 which, further, brought down its gross debt to ₹37.2 Bn. They aims to be Net Debt-free by FY26.

Improving Profitability: Oyo improved its EBITDA margins (as a % of GBV) from -44% in FY20 to ~+8% in FY24 with a net earning of ~₹100 Cr.

Franchise model: The Company as on date operates on a totally franchise model with no fixed payout commitments and eliminating capex requirements, boosting profitability.

Growing Outreach: In FY24, OYO added about 5,000 hotels and 6,000 homes globally.

Weaknesses

Falling Valuation: Oyo's valuation dropped from ₹797.5 billion in Aug’21 to ₹287 bn in Jul’24

Annual Reports

FY 2024 FY 2023 FY 2021 FY 2019

Balance Sheet	FY24	FY23	FY22	FY21	FY20	FY19
Equity Capital	133.9	133.9	133.8	1.1	1.14	0.98
Other Equity	766.8	448.6	1309.8	2743	6448.55	8727.7
Total Equity	900.7	582.6	1443.6	2744.1	6449.69	8728.68
Borrowings	3556.8	5005.1	4614.7	1900.54	2625.97	16.6
Other Non-Current Liabilities	467.8	425.3	400.1	692.4	1003.6	30.4
Total NC Liabilities	4024.5	5430.4	5014.8	2592.9	3629.6	47.0
Borrowings	46.1	66.5	49.9	1265.46	169.91	78.38
Other Current Liabilities	1471.9	1853.2	1944.3	2148.6	3859.9	1019.5
Total Current Liabilities	1518.1	1919.7	1994.2	3414.1	4029.8	1097.9
Equity + Liabilities	6443.4	7932.6	8452.6	8751.1	14107.9	9873.6
Fixed Assets (incl. WIP)	4441.0	4100.8	3902.9	4158.11	5164.6	754.7
Other Non Current Assets	580.6	1537.2	1411.4	758.3	1449.18	776.22
Total NC Assets	5021.68	5638.0	5314.3	4916.44	6613.78	1530.92
Trade Receivables	202.9	158.3	252.4	101.14	131.59	128.54
Cash & Cash Equivalents	709.8	1677.1	2165.7	2798.75	4855.05	4567.68
Other Current Assets	509.0	459.1	720.1	934.7	2507.6	3646.5
Total Current Assets	1421.7	2294.5	3138.2	3834.59	7494.24	8342.72
Total Assets	6443.4	7932.5	8452.6	8751.0	14108.0	9873.6

Profit & Loss	FY24	FY23	FY22	FY21	FY20	FY19
Revenue from Operations	5388.7	5464.0	4781.4	3961.7	13168.2	6332.1
Growth %	-1%	14%	21%	-70%	108%	0
Operating Expenses	4681.6	5837.8	5941.2	5984.3	19330.8	8767.7
Growth %	-20%	-2%	-1%	-69%	120%	0
Operating Profit	707.1	-373.9	-1159.9	-2022.7	-6162.7	-2435.7
Op. Profit Margin %	13.1%	-6.8%	-24.3%	-51.1%	-46.8%	-38.5%
Other Income	162.9	154.9	113.2	-59.2	154.1	188.7
Interest Expense	843.8	681.6	745.7	559.9	741.2	10.6
Depreciation	200.3	280.3	298.8	391.8	2728.2	70.1
Exceptional Items	-409.8	105.4	27.6	1001.1	1643.9	0.0
Discontinued Operations	0	0	200.0	141.6	-2026.1	0
Profit Before Tax	235.7	-1286.3	-1918.9	-3893.1	-13147.9	-2327.6
Tax	6.41	0.2	22.8	43.8	-18.2	5.7
Tax %	3%	0%	-1%	-1%	0%	0%
Profit After Tax	229.3	-1286.5	-1941.7	-3936.8	-13129.7	-2333.3
Growth %	117.8%	-33.7%	-50.7%	-70.0%	462.7%	0
PAT %	4%	-24%	-41%	-99%	-100%	-37%
Diluted EPS	0.36	-0.8	-1.1	0	0	-1.2

Shareholding Pattern

Color	Shareholder	Holding
	SoftBank	45%
	Ritesh Agarwal (Promoter)	31%
	Other Investors	21%
	Sequoia	3%

Board of Directors

Ritesh AgarwalFounder, Chairman & Non-Executive Director

Aditya GhoshNon-Executive Director

Bejul SomaiaNon-Executive & Independent Director

Dr. Deepa MalikNon-Executive & Independent Director

Troy AlsteadNon-Executive & Independent Director

William Steve AlbrechtNon-Executive & Independent Director

Sumer JunejaAdditional Non-Executive Director

Senior Management

Abhinav SinhaManager

Rakesh KumarGroup Chief Financial Officer

Rakesh Kumar PrustiGroup General Counsil