WEBSITE BSE:532124 NSE: RELIAB VEN Inc. Year: 1992 Industry: Hotel, Resort & Restaurants My Bucket: Add Stock
Last updated: 11:30
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1. Business Overview
Reliable Ventures India Ltd. operates in the Hotel, Resort & Restaurants sector in India. Its core business involves providing accommodation services, food and beverage offerings, and related hospitality services. This typically includes managing and operating hotels, resorts, and various restaurant formats. The company generates revenue primarily through room bookings, sales from its food and beverage outlets (restaurants, bars, banquets), and fees for events, conferences, and ancillary services such as spas, laundry, and recreational facilities. The business model relies on attracting leisure travelers, business guests, and customers for social events and dining experiences.
2. Key Segments / Revenue Mix
While specific revenue contribution percentages are not available, a typical hospitality company like Reliable Ventures India Ltd. would derive its revenue from the following key segments:
Accommodation: Revenue from room rentals for hotel and resort stays. This is usually the largest segment for full-service hospitality providers.
Food & Beverage (F&B): Sales from restaurants, cafes, bars, in-room dining, and catering services.
Banquets & Events: Income from hosting weddings, conferences, meetings, and other social or corporate events.
Other Services: Revenue from ancillary services such such as spas, health clubs, retail shops within premises, or leisure activities.
3. Industry & Positioning
The Indian Hotel, Resort & Restaurants industry is dynamic and highly competitive. It is characterized by a mix of large international hotel chains (e.g., Marriott, Hilton, Accor), established domestic players (e.g., Taj, Oberoi, ITC Hotels), regional brands, and a vast number of independent and unorganized players. Demand is driven by domestic and international tourism, corporate travel, MICE (Meetings, Incentives, Conferences, Exhibitions) events, and social gatherings.
Reliable Ventures India Ltd.'s positioning within this industry would depend on factors like its geographic footprint (e.g., pan-India, regional, specific cities), its target customer segment (e.g., luxury, upscale, mid-market, budget), the quality and scale of its properties, and its brand recognition. Without further information, it is difficult to ascertain its specific competitive standing, but it likely competes with both established brands and other regional/niche players in its operational markets.
4. Competitive Advantage (Moat)
Developing a sustainable competitive advantage in the hospitality sector is crucial. Potential moats for a company like Reliable Ventures India Ltd. could include:
Brand Reputation & Customer Loyalty: A strong brand built on consistent service quality and guest experience can lead to repeat business and premium pricing.
Prime Locations: Owning or operating properties in highly desirable, strategic locations (e.g., tourist hotspots, business districts) provides a significant advantage.
Operational Efficiency: Superior management of costs, staff, and facilities can lead to higher profitability.
Unique Offerings/Experiences: Specializing in niche segments (e.g., heritage resorts, wellness tourism) or offering distinct guest experiences.
Scale: For larger players, scale can lead to purchasing power, wider marketing reach, and more robust loyalty programs.
For Reliable Ventures India Ltd., its specific competitive advantage would depend on whether it has successfully built any of these attributes, such as a strong regional brand, key property locations, or a particular niche expertise.
5. Growth Drivers
Key factors that could drive growth for Reliable Ventures India Ltd. over the next 3-5 years include:
Rising Disposable Incomes: Increasing affluence among the Indian middle class fuels domestic tourism and discretionary spending on dining and leisure.
Growth in Domestic Tourism: Government initiatives, improved connectivity, and a growing interest in exploring domestic destinations.
Business Travel & MICE Segment Recovery: Rebound and continued growth in corporate travel and large-scale events post-pandemic.
Infrastructure Development: Better roads, airports, and public transport systems enhance accessibility to tourist destinations.
International Tourism Revival: A sustained recovery in international tourist arrivals to India.
Urbanization & Lifestyle Changes: Increased demand for organized dining and social event venues in urban and semi-urban areas.
6. Risks
Reliable Ventures India Ltd. faces several business risks common to the hospitality sector:
Economic Downturns: Hospitality is highly cyclical; economic slowdowns impact discretionary spending on travel and leisure.
Intense Competition: High fragmentation and presence of well-established domestic and international players lead to pricing pressure and market share battles.
Seasonality: Revenue and occupancy rates can fluctuate significantly based on seasons, holidays, and local events.
Health Crises & Pandemics: Events like the COVID-19 pandemic can severely disrupt operations, travel, and consumer confidence.
Regulatory Changes: Policies related to land use, liquor licenses, environmental norms, and labor laws can impact operations and costs.
High Capital Expenditure: Expansion and maintenance of properties require substantial capital investment.
Labor Shortages & Wage Inflation: Difficulty in attracting and retaining skilled hospitality staff, coupled with rising labor costs.
Geopolitical and Social Instability: Local or national unrest can deter travel and tourism.
7. Management & Ownership
As is common with many Indian companies, Reliable Ventures India Ltd. is likely to be promoted or significantly influenced by a specific promoter group or family. The quality of management is critical for success in the hospitality sector, requiring expertise in operations, marketing, finance, and asset management. Ownership structure would typically involve a promoter holding, institutional investors, and public shareholders. Without specific data, further details about the management team's experience or the exact ownership breakdown cannot be provided.
8. Outlook
The Indian hospitality sector presents a promising long-term growth outlook, underpinned by strong macroeconomic fundamentals, a growing middle class, and increasing travel propensity. Reliable Ventures India Ltd., as a participant in this sector, is positioned to benefit from these tailwinds. However, the industry is also characterized by significant cyclicality, high competition, and susceptibility to external shocks (e.g., health crises, economic slowdowns). The company's future performance will largely depend on its strategic ability to differentiate its offerings, secure prime locations, manage operational costs efficiently, and effectively scale its operations while navigating the inherent risks of the hospitality business. Success will hinge on its capacity to build a strong brand, deliver consistent customer experiences, and adapt to evolving consumer preferences.
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Market Cap ₹23 Cr.
Stock P/E -32.8
P/B 0.7
Current Price ₹20.5
Book Value ₹ 28.4
Face Value 10
52W High ₹46.8
Dividend Yield 0%
52W Low ₹ 16.6
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | -0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Total Income | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Total Expenditure | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | 1 | -0 | -0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -1 | -1 | -1 | -0 | -0 | 0 | -0 | -0 | -0 | -0 |
| Provision for Tax | 0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1 | -1 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | 0 | -0 | -0 | -0 | 0 |
| Profit After Adjustments | -1 | -1 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 |
| Adjusted Earnings Per Share | -0.5 | -0.5 | -0.2 | -0.4 | -0.4 | 0.4 | -0.2 | -0.4 | -0.1 | -0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 13 | 14 | 15 | 16 | 18 | 18 | 10 | 18 | 6 | 2 | 0 | 0 |
| Other Income | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Total Income | 14 | 15 | 15 | 17 | 18 | 19 | 10 | 18 | 6 | 3 | 1 | 1 |
| Total Expenditure | 11 | 12 | 12 | 14 | 14 | 15 | 10 | 14 | 6 | 4 | 1 | 1 |
| Operating Profit | 3 | 2 | 3 | 3 | 4 | 4 | 0 | 5 | 0 | -1 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 2 | 2 | 0 | 2 | 3 | -1 | 4 | -1 | -2 | -1 | 0 |
| Provision for Tax | 0 | 0 | 1 | -0 | 0 | 1 | 0 | 2 | 0 | -0 | 0 | 0 |
| Profit After Tax | 1 | 1 | 1 | 0 | 2 | 2 | -1 | 2 | -1 | -2 | -1 | 0 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 1 | 1 | 0 | 2 | 2 | -1 | 2 | -1 | -2 | -1 | 0 |
| Adjusted Earnings Per Share | 0.6 | 1.2 | 1.3 | 0.2 | 1.6 | 1.7 | -0.6 | 1.9 | -1 | -1.4 | -0.6 | -0.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -100% | -100% | -100% | -100% |
| Operating Profit CAGR | 0% | -100% | -100% | -100% |
| PAT CAGR | 0% | NAN% | NAN% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -4% | 23% | 25% | 7% |
| ROE Average | -2% | -4% | -1% | 2% |
| ROCE Average | -2% | -3% | -0% | 3% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 22 | 24 | 26 | 26 | 28 | 30 | 30 | 32 | 32 | 31 | 31 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 5 | 2 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3 | 4 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Total Current Liabilities | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 6 | 5 | 5 | 2 |
| Total Liabilities | 33 | 33 | 29 | 30 | 31 | 32 | 34 | 39 | 38 | 37 | 35 |
| Fixed Assets | 21 | 23 | 22 | 20 | 20 | 19 | 19 | 19 | 19 | 18 | 17 |
| Other Non-Current Assets | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Total Current Assets | 9 | 7 | 6 | 8 | 10 | 12 | 13 | 19 | 17 | 18 | 16 |
| Total Assets | 33 | 33 | 29 | 30 | 31 | 32 | 34 | 39 | 38 | 37 | 35 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 4 |
| Cash Flow from Operating Activities | 2 | 2 | 2 | 3 | 3 | 2 | 1 | 4 | 0 | 2 | -1 |
| Cash Flow from Investing Activities | -2 | -1 | -1 | -2 | -3 | -3 | -0 | -1 | -5 | 0 | 1 |
| Cash Flow from Financing Activities | -0 | -3 | -1 | -0 | -0 | -0 | 1 | -0 | -0 | 0 | 0 |
| Net Cash Inflow / Outflow | 0 | -2 | 0 | 0 | 0 | -1 | 2 | 3 | -5 | 2 | 1 |
| Closing Cash & Cash Equivalent | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 1 | 4 | 5 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.64 | 1.18 | 1.29 | 0.22 | 1.64 | 1.68 | -0.58 | 1.94 | -1.03 | -1.39 | -0.62 |
| CEPS(Rs) | 1.99 | 1.9 | 2.54 | 2.68 | 3.05 | 2.94 | 0.3 | 2.84 | -0.22 | -0.62 | 0.12 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 20.37 | 21.55 | 23.49 | 23.77 | 25.47 | 26.82 | 26.97 | 29.18 | 28.66 | 28.34 | 28.48 |
| Core EBITDA Margin(%) | 14.91 | 14.58 | 19.71 | 15.83 | 18.71 | 15.43 | 2.15 | 24.74 | -2.93 | -47.84 | -1619.62 |
| EBIT Margin(%) | 7.56 | 11.59 | 13.31 | 1.14 | 12.58 | 14.07 | -5.67 | 20.37 | -14.07 | -74.69 | -967.24 |
| Pre Tax Margin(%) | 7.52 | 11.37 | 13.12 | 1 | 12.52 | 14.06 | -5.99 | 20.08 | -17.29 | -75.91 | -992.5 |
| PAT Margin (%) | 5.26 | 9.17 | 9.58 | 1.49 | 10.26 | 10.12 | -6.38 | 11.7 | -18.3 | -63.8 | -992.5 |
| Cash Profit Margin (%) | 16.34 | 14.78 | 18.89 | 18.08 | 19.08 | 17.73 | 3.29 | 17.11 | -3.81 | -28.33 | 191.2 |
| ROA(%) | 2.14 | 3.91 | 4.55 | 0.82 | 5.93 | 5.8 | -1.91 | 5.82 | -2.97 | -4.07 | -1.9 |
| ROE(%) | 3.17 | 5.61 | 5.72 | 0.93 | 6.67 | 6.42 | -2.15 | 6.91 | -3.57 | -4.86 | -2.2 |
| ROCE(%) | 3.71 | 6.1 | 7.33 | 0.67 | 7.82 | 8.69 | -1.87 | 11.64 | -2.67 | -5.56 | -2.11 |
| Receivable days | 24.37 | 24.18 | 34.26 | 36.9 | 30.96 | 28.14 | 48.5 | 31.56 | 85.17 | 127.15 | 1981.17 |
| Inventory Days | 19.95 | 17.02 | 15.39 | 13.89 | 13.05 | 12.47 | 22.35 | 13.21 | 40.23 | 50.57 | 33.18 |
| Payable days | 89.4 | 95.5 | 103.58 | 90.59 | 108.67 | 98.74 | 137.4 | 79.75 | 247.57 | 311.68 | 0 |
| PER(x) | 20 | 8.42 | 19.24 | 70.07 | 8.32 | 5.38 | 0 | 8.74 | 0 | 0 | 0 |
| Price/Book(x) | 0.63 | 0.46 | 1.06 | 0.65 | 0.54 | 0.34 | 0.27 | 0.58 | 0.33 | 0.92 | 0.75 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.24 | 0.9 | 1.92 | 1.06 | 0.85 | 0.53 | 0.7 | 0.79 | 1.74 | 11.93 | 342.18 |
| EV/Core EBITDA(x) | 6.65 | 5.25 | 8.48 | 5.97 | 3.95 | 2.45 | 17.5 | 3.06 | 419.82 | -30.43 | 158.09 |
| Net Sales Growth(%) | -14.39 | 5.24 | 4.86 | 10.18 | 7.93 | 3.76 | -45.42 | 82.87 | -65.95 | -61.53 | -97.1 |
| EBIT Growth(%) | -60.37 | 61.27 | 20.44 | -90.58 | 1093.13 | 16.07 | -122.01 | 756.4 | -123.53 | -104.2 | 62.47 |
| PAT Growth(%) | -59.96 | 83.39 | 9.58 | -82.89 | 644.34 | 2.32 | -134.44 | 435.29 | -153.24 | -34.15 | 54.91 |
| EPS Growth(%) | -59.96 | 83.38 | 9.58 | -82.9 | 644.44 | 2.32 | -134.44 | 435.3 | -153.24 | -34.15 | 54.92 |
| Debt/Equity(x) | 0.22 | 0.1 | 0.07 | 0.05 | 0.04 | 0.01 | 0.04 | 0.03 | 0.03 | 0.02 | 0.01 |
| Current Ratio(x) | 3.4 | 2.08 | 2.13 | 2.8 | 3.19 | 4.43 | 3.53 | 3.35 | 3.72 | 3.53 | 8.24 |
| Quick Ratio(x) | 3.14 | 1.89 | 1.91 | 2.59 | 2.99 | 4.2 | 3.37 | 3.23 | 3.58 | 3.53 | 8.23 |
| Interest Cover(x) | 170.36 | 53.52 | 69.97 | 8.15 | 203.19 | 1353.65 | -18.15 | 70.8 | -4.38 | -60.95 | -38.3 |
| Total Debt/Mcap(x) | 0.36 | 0.23 | 0.06 | 0.07 | 0.08 | 0.04 | 0.13 | 0.05 | 0.08 | 0.02 | 0.02 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.08 | 54.08 | 54.08 | 54.08 | 54.08 | 54.08 | 54.08 | 54.08 | 54.08 | 54.08 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 45.92 | 45.92 | 45.92 | 45.92 | 45.92 | 45.92 | 45.92 | 45.92 | 45.92 | 45.92 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 |
* The pros and cons are machine generated.
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