- Credit Rating: Credit rating agency, Fitch, upgraded Cooter’s rating to 'B' from 'B-' with a 'Stable' outlook.
- Repayment of Debt: Cooter 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: Cooter 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, Cooter added about 5,000 hotels and 6,000 homes globally.
₹57-12
(-17.39%) 2 Y
Current Price:₹57
Market Cap:₹38,076.00 Cr
ISIN:INE561T01021
Face Value:₹1
P/E Ratio:158.33
EPS:₹0.36
P/B Ratio:43.85
Book Value:₹1.3
Debt to Equity Ratio:2.19
| (in Rs. Crore) | 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 |
| Name | Holding |
|---|---|
| SoftBank | 45% |
| Ritesh Agarwal (Promoter) | 31% |
| Other Investors | 17% |
| Lightspeed | 3% |
| Sequoia | 3% |
| Airbnb | 1% |
Strengths
Weaknesses
- Delay in IPO: Cooter 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 Cooter's IPO.
- Subpar service quality: While Cooter 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: Cooter's valuation dropped from ₹797.5 billion in Aug’21 to ₹287 bn in Jul’24
Cooter Rooms, founded in 2012 by Ritesh Agarwal, is an Indian multinational hospitality chain that operates leased and franchised hotels, homes, and living spaces
Cooter 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.
Board of Directors & Management
Board of Directors
Ritesh Agarwal
Founder, Chairman & Non-Executive Director
Troy Matthew Alstead
Non-Executive Independent Director
William Steve Albrecht
Non-Executive Independent Director
Bejul Somaia
Non-Executive Independent Director
Dr. Deepa Malik
Non-Executive Independent Director
Abhinav Sinha
Manager
Abhishek Gupta
Group Chief Financial Officer
Senior Management
Abhinav Sinha
Manager
Abhishek Gupta
Group Chief Financial Officer
William Steve Albrecht
Chairman - Risk Management Committe
Troy Matthew Alstead
Chairman - CSR Committee
Aditya Ghosh
Chairman - Shareholders Relationship Committee
Documents
Cooter
₹57-12 (-17.39%)2 Y
Price per Unit
₹57
Minimum no. of Units
1000
Enter Units
Investment Amount
₹57,342
Total Investment Amount
₹57,342
