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Reading: Praveg Ltd in focus after signing an settlement with IHCL to handle its luxurious resort
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StockWaves > Financial News > Praveg Ltd in focus after signing an settlement with IHCL to handle its luxurious resort
Financial News

Praveg Ltd in focus after signing an settlement with IHCL to handle its luxurious resort

StockWaves By StockWaves Last updated: March 3, 2025 4 Min Read
Praveg Ltd in focus after signing an settlement with IHCL to handle its luxurious resort
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Contents
Worth motionIn regards to the SettlementFirm OverviewAdditionally learn: Auto inventory jumps 3% after HDFC mutual funds will increase its stake within the firmDifferent FinancialsMonetary OverviewFuture PlansChairman’s messageDisclaimer

This small cap firm with core competence in Exhibition and Occasion Administration is in focus within the day’s commerce following key partnership with Tata group backed IHCL.

Worth motion

With a market capitalization of Rs. 1,197 Crores, the shares of Praveg Ltd closed at Rs. 463.60, down by 5.4 % from its earlier day’s shut value of Rs. 490.

In regards to the Settlement

Praveg Ltd has introduced a strategic settlement with IHCL, which might be answerable for Praveg’s pristine property, specifically Praveg Atoll’s, a wide ranging resort positioned at Bangaram Island in Lakshadweep, and could be categorised underneath the SeleQtions model. 

This may lead IHCL to function this resort by delivering distinctive service and operational effectivity, and in addition, with IHCL’s  sturdy model presence, it plans to extend its occupancy price, which is able to in flip result in a rise within the  Common Room Fee (ARR) and thus improve the Income of the corporate

Firm Overview

Praveg Ltd is a distinguished participant within the hospitality sector. It manages 15 resorts with over 710 rooms. Some key resorts underneath administration are Seaside Resort Daman (Lighthouse, Jampore), Seaside Resort Diu (Chakratirth, Ghoghla, and Nagoa), Tent Metropolis Ayodhya (Brahmakund and Saryu), Grand Eulogia, Tent Metropolis Dholavira, Praveg Safari Velavadar, and plenty of extra

Additionally learn: Auto inventory jumps 3% after HDFC mutual funds will increase its stake within the firm

Different Financials

It has a excessive PE of 92.8x, considerably greater than its trade PE of 33.02x and its median PE of 24.4x, signaling overvaluation. It has an Common ROE (3 years)  of two.17% and a median ROCE (3 years) of three.07%

Monetary Overview

It posted a income of 54.88 crores in Q3 FY25, which is up by 62% from its earlier Q3 FY24 income of 33.97 crores, accompanied by income of Rs. 8 Crores to Rs.11 Crores.

Future Plans

The tourism trade is poised to develop at a powerful CAGR of seven.1% and is predicted to achieve $35 trillion by 2029. Praveg Ltd has plans of including 577 rooms in its upcoming resorts plan, which incorporates Udaipur Resort, Ranthambore Resort, and so forth The corporate plans to realize 2500 rooms throughout 65+ areas

Praveg Ltd in focus after signing an settlement with IHCL to handle its luxurious resort

Chairman’s message

“We’re thrilled to companion with the Indian Lodges Firm Restricted, a frontrunner within the hospitality trade, to handle our distinctive property on Bangaram Island. IHCL’s experience in managing luxurious resorts and its dedication to sustainability align completely with our imaginative and prescient for this island paradise. This partnership will be certain that friends expertise the perfect in hospitality, whereas preserving the pure great thing about the island for future generations. This collaboration is a testomony to Praveg Restricted’s status for high quality and innovation within the hospitality sector.” 

Written by Satyajeet Mukherjee

Disclaimer

The views and funding ideas expressed by funding specialists/broking homes/score businesses on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a threat of economic losses. Traders should subsequently train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the writer aren’t answerable for any losses triggered on account of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.

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