Wonderla Holidays Ltd - Stock Valuation and Financial Performance

BSE: 538268 | NSE: WONDERLA | Amusement Parks/Recreation/Club | Small Cap

Wonderla Holidays Share Price

801.25 -20.20 -2.46%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Wonderla Holidays

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Wonderla Holidays stock performance -

mw4me loader
P/E Ratio (SA):
36.84
Market Cap:
5,080.6 Cr.
52-wk low:
772.1
52-wk high:
1,106.7

Is Wonderla Holidays Ltd an attractive stock to invest in?

1. Is Wonderla Holidays Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Wonderla Holidays Ltd is a average quality company.

2. Is Wonderla Holidays Ltd undervalued or overvalued?

The key valuation ratios of Wonderla Holidays Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Wonderla Holidays Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Wonderla Holidays Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Wonderla Holidays:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Wonderla Holidays Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 27.6%22.8%8.5%7.9%10.7%11.3%-7.9%-1.5%22.9%20.9%-
Value Creation
Index
1.00.6-0.4-0.4-0.2-0.2-1.6-1.10.60.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 18220526327128227138.4129429483464
Sales YoY Gr.-12.9%28%3%4.2%-4%-85.8%234.7%233.8%12.5%-
Adj EPS 9.110.66.16.89.89.1-8.9-1.726.327.921.8
YoY Gr.-16.9%-42.3%11.5%44.3%-7%-197%NANA6.2%-
BVPS (₹) 63.171.3131.1136.7144.7151.8143.1141.5167.9193.3268.5
Adj Net
Profit
51.159.834.538.455.451.5-50-9.5149158138
Cash Flow from Ops. 55.672.967.884.190.772.7-24.421.4192178-
Debt/CF from Ops. 0.30.10.30000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.5%11.4%132.5%12.5%
Adj EPS 13.3%23.3%NA6.2%
BVPS13.2%6%10.6%15.1%
Share Price 10.7% 27% 59.3% -4.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
20.215.865.176.1-6-1.21715.59.4
Op. Profit
Mgn %
4541.325.8334138.9-7416.849.647.438.9
Net Profit
Mgn %
28.129.113.114.219.719-130.2-7.434.732.729.8
Debt to
Equity
00000000000
Working Cap
Days
302002552252492861,717427150187115
Cash Conv.
Cycle
-5-9-10-12-14-1127-23-27-3180

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 132.53%

Return on Equity has declined versus last 3 years average to 9.40%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -1.61%

Latest Financials - Wonderla Holidays Ltd.

Standalone Consolidated
TTM EPS (₹) 21.8 -
TTM Sales (₹ Cr.) 464 -
BVPS (₹.) 268.5 -
Reserves (₹ Cr.) 1,648 -
P/BV 2.98 -
PE 36.84 -
From the Market
52 Week Low / High (₹) 772.05 / 1106.70
All Time Low / High (₹) 104.95 / 1106.70
Market Cap (₹ Cr.) 5,081
Equity (₹ Cr.) 63.4
Face Value (₹) 10
Industry PE 43.2

Management X-Ray of Wonderla Holidays:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Wonderla Holidays

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales18220526327128227138129429483
Operating Expenses 10112119618116716667107216254
Manufacturing Costs29375447515621397285
Material Costs1114242930295144448
Employee Cost 26293942384025335163
Other Costs 35417964484116224958
Operating Profit 81856789115105-2822213229
Operating Profit Margin (%) 44.6%41.3%25.5%33.0%40.9%38.9%-74.0%16.8%49.6%47.4%
Other Income 10181281012652323
Interest 2211121122
Depreciation 16142937404244383538
Exceptional Items 00000190000
Profit Before Tax 738749598493-66-13199211
Tax 222715212928-16-35053
Profit After Tax 516034395565-50-9149158
PAT Margin (%) 27.8%29.1%12.9%14.2%19.6%23.9%-130.0%-7.4%34.7%32.7%
Adjusted EPS (₹)9.010.66.06.89.811.5-8.8-1.726.327.9
Dividend Payout Ratio (%)17%19%17%22%18%16%0%0%10%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3564037417728188588098009491,093
Share Capital 57575757575757575757
Reserves 3003476847167618017527448931,037
Minority Interest0000000000
Debt115140100000
Long Term Debt10590000000
Short Term Debt1050100000
Trade Payables38121113915192634
Others Liabilities 26217241279305293200198247313
Total Liabilities 3976341,0081,0621,1371,1611,0231,0181,2221,440

Fixed Assets

Gross Block2702968801,0411,0451,0651,0661,0721,0961,157
Accumulated Depreciation130143172208244280316348370399
Net Fixed Assets139153708834801785750724726759
CWIP 4015959153436353342171
Investments 1948475125070536512090
Inventories47976778913
Trade Receivables1111100113
Cash Equivalents 82892543543940136124
Others Assets10202148168202209138147187280
Total Assets 3976341,0081,0621,1371,1611,0231,0181,2221,440

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 567368849173-2421192178
PBT 738749598493-66-13199211
Adjustment 10-12735353540362419
Changes in Working Capital -2181367-373-144
Tax Paid -25-31-21-16-35-17-10-35-57
Cash Flow From Investing Activity -223-19-100-38-99-4444-36-164-158
Capex -37-145-113-104-27-21-8-11-44-223
Net Investments -186117963-34-1419-10-4841
Others 0953-38-933-15-7324
Cash Flow From Financing Activity 149-297-24-13-28-2-2-8-16
Net Proceeds from Shares 170000000000
Net Proceeds from Borrowing -9-700000000
Interest Paid -2-1-1-10-1000-1
Dividend Paid -10-20-3-6-8-20000-14
Others 0-111-17-5-7-2-1-8-1
Net Cash Flow -1825-2522-22118-16204
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2015.755.935.096.977.73-5.99-1.1817.0215.47
ROCE (%)27.5522.768.527.8710.7211.26-7.89-1.522.9320.91
Asset Turnover Ratio0.610.40.320.260.260.240.040.130.380.36
PAT to CFO Conversion(x)1.11.2222.151.651.12N/AN/A1.291.13
Working Capital Days
Receivable Days1111214212
Inventory Days710111199672179
Payable Days123161161145145141925449185225

Wonderla Holidays Ltd Stock News

Wonderla Holidays Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Wonderla Holidays on 20-Dec-2024 16:59 is ₹801.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Wonderla Holidays stood at ₹5,080.6.
The latest P/E ratio of Wonderla Holidays as of 20-Dec-2024 16:59 is 36.84.
The latest P/B ratio of Wonderla Holidays as of 20-Dec-2024 16:59 is 2.98.
The 52-week high of Wonderla Holidays is ₹1,106.7 and the 52-week low is ₹772.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Wonderla Holidays is ₹463.5 ( Cr.) .

About Wonderla Holidays Ltd

The company is one of the largest operators of amusement parks in India. It currently owns and operates two amusement parks under the brand name ‘Wonderla’, situated at Kochi and Bangalore and are in the process of setting up its third amusement park in Ranga Reddy District of Andhra Pradesh, Wonderla Hyderabad. The company also owns and operates a resort beside its amusement park in Bangalore under the brand name ‘Wonderla Resort’ which has been operational since March 2012.

The company’s amusement parks offer a wide range of water and land based attractions catering to all age groups. It has 22 water based attractions and 33 land based attractions at Wonderla Kochi, situated on 93.17 acres of land and 20 water based attractions and 35 land based attractions at Wonderla Bangalore, situated on 81.75 acres of land. The company recorded total Footfalls of 23.40 lakhs in Fiscal 2013 and 17.50 lakhs in the nine month period ended December 31, 2013 across its two amusement parks in Kochi and Bangalore. The company’s total Footfalls across the two amusement parks have grown at a CAGR of 7.42% from Fiscal 2011 to Fiscal 2013. The company’s resort operated under the name, Wonderla Resort, is a ‘Three Star’ leisure resort located beside its amusement park in Bangalore comprising of 84 luxury rooms, with amenities including banquet halls, a board room, conference rooms, a multi-cuisine restaurant, a solar heated swimming pool, recreation area, kids’ activity centre and a well equipped gym. Further, for setting up its proposed amusement park in Ranga Reddy District of Andhra Pradesh, the company has acquired 49.57 acres of land.

The company’s Promoter, Kochouseph Chittilappilly in the year 1996 had incorporated V-Guard Industries, Wonderla’s Group Company, which is listed on BSE and NSE since 2008. The company’s Promoters launched its first amusement park in Kochi in the year 2000, by the name ‘Veegaland’ and the second amusement park in Bangalore in the year 2005, by the name ‘Wonderla’. Pursuant to a scheme of amalgamation the erstwhile ‘Veega Holidays and Parks Private Limited’ which owned and operated ‘Veegaland’, merged with the company with effect from April 1, 2008 and consequently both of its amusement parks are being operated under the name ‘Wonderla’.

Awards and Accreditations

  • 2001-02: Wonderla Kochi was awarded the Kerala State Tourism Award by the Kerala State Tourism Department in the category of Award for Excellence in Tourism for the Individual/ Agency who has implemented the Most Eco-Friendly Tourism Project.
  • 2001-02: Wonderla Kochi secured the First Place and was awarded the Certificate of Merit by Kerala State Pollution Control Board in the category Medium Scale Industries for making a substantial and sustained effort in pollution control in the year 2001.
  • 2003-04: Wonderla Kochi secured the First Position and was awarded the Certificate of Merit by the Kerala State Productivity Council among Service Organizations in the FACT-M.K.K. Nayar Memorial Productivity Competition.
  • 2004-05: Wonderla Kochi secured the Second Position and awarded the Certificate of Merit by the Kerala State Productivity Council among Service Organizations in the FACT-M.K.K. Nayar Memorial Productivity Competition.
  • 2008-09: Wonderla Kochi was awarded the National Award for Excellence by Indian Association of Amusement Parks & Industries.
  • 2008-09: Wonderla Bangalore was named Winner and awarded the National Award Certificate for Excellence by Indian Association of Amusement Parks & Industries.
  • 2009-10: Wonderla Bangalore was named Winner and awarded the National Awards for Excellence by Indian Association of Amusement Parks & Industries in the category of Total Number and Variety of Rides.
  • 2009-10: Wonderla Kochi was named Winner and awarded the National Award for Excellence by the Indian Association of Amusement Parks & Industries in the category of Park Operators - Small City - Most Innovative Ride for ‘Spinning’.
  • 2010-11: Wonderla Kochi was awarded the State Tourism Award by the Department of Tourism, Government of Kerala in the category of Best Tourist Destination in Kerala.
  • 2011-12: The company was awarded the National Award for Excellence by Indian Association of Amusement Parks & Industries in the category of Wet Rides for ‘Rain Disco’.
  • 2011-12: Wonderla Kochi was awarded the State Tourism Award by the Department of Tourism, Government of Kerala in the category of Most Innovative use of Information Technology in the Field of Tourism.
  • 2012-13: Wonderla Kochi was named Winner and awarded the National Award for Excellence by the Indian Association of Amusement Parks & Industries in the category of Most Innovative Ride and Attractions.
  • 2012-13: Wonderla Kochi was awarded the State Tourism Award by the Department of Tourism, Government of Kerala in the category of Best Tourist Destination in Kerala.
  • 2013-14: Wonderla Kochi was named Winner and awarded the National Award for Excellence by the Indian Association of Amusement Parks & Industries in the category of Total number and variety of rides.
  • 2013-14: Wonderla Kochi was named Runner Up and awarded the National Award for Excellence by the Indian Association of Amusement Parks & Industries in the category of Print Media.

History of the company

2005: The company’s amusement park by the name ‘Wonderla’ began commercial operations in Bangalore, Karnataka.

2008: Wonderla Kochi and Wonderla Bangalore were certified by the Bureau Veritas Certification (India) Private Limited for meeting the ISO 14001:2004 standards and the BS OHSAS 18001:2007 standards for the operation and maintenance of land and water based rides/attractions including related amenities.

2009: Pursuant to a scheme of amalgamation approved by the High Court of Karnataka and the High Court of Kerala through orders dated September 11, 2009 and September 25, 2009, respectively, the erstwhile ‘Veega Holidays and Parks Private Limited’ which owned and operated ‘Veegaland’, merged with the company with effect from April 1, 2008 and consequently both of its amusement parks are being operated under the name ‘Wonderla’.

 

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