Stockrabit · Analysts
Questions across 2 calls

Shwetank Singh

Firm not listed in source transcripts

Chalet Hotels Limited

Chalet Hotels Limited CC-May26.pdf · 2026-05-15
Vikas, thank you for the question. Look, we are implementing a number of projects at this stage, and we have also announced some acquisitions recently, as you're well aware. In order to manage this growth in a very calibrated manner, the Board has approved a onetime proposal for a minority equity shareholding in just one of our projects. So it is not something that we are sort of taking for the long term. It is for one of the projects. We have done it at DIAL, it's a project under execution, as you are well aware. It is a great project. Nothing has changed on the fundamentals of the project at all. This is one strategic call that we have taken to fully understand this space. That's all there is to it at this stage.
So Nitin actually referred to it in his speech in quite a lot of detail. Just high level, I'll give you, then Nitin will give you more details. I mean he correctly pointed out that over the last 2 years, we have invested about INR19 billion in capex and INR15 billion of that came from internal accruals. The proof of the pudding is in the fact that INR25 billion was our debt earlier 2 years back. We are at INR19 billion. So, whilst we have been investing in the capex, we have actually been reducing debt. So, our internal accruals remain very strong. Our capital work in progress right now is INR8.3 billion, something that is not yielding any output for us. In total, we are expecting to invest about INR30 billion between FY '27 and '29. How we are going to fund it, Nitin will give you a little bit more idea.
Chalet Hotels Limited CC-Feb26.pdf · 2026-02-03
Thank you, Adhidev. So, the way we are looking at it is that the advantage we have for this hotel is that the structure has gone up from bottom. So, we have actually already started the interior works for the public areas and one or two floors of the rooms. So, what it allows us to do is open the rooms up in a staggered manner. So right now, we are targeting about 150 rooms for the end of this year. And then in a staggered manner post that, ramping up to 380 -odd rooms that is required within the next quarter.
Yes, that's how we see it. That is correct.