Jungle Camps
Q4 FY26 Earnings Call Analysis
Leisure Services
fundraise: Yescapex: Yesrevenue: Category 2margin: Category 1orderbook: No information
💰fundraise
Any current/future new fundraising through debt or equity?
- The company raised ₹29.5 crores through its recent IPO.
- Out of the IPO proceeds, ₹11.5 crores will be invested in the Mathura Hotel, Sanjay Dubri Camp, and renovation of the oldest Pench property (₹2.5 crore allocated for renovation).
- For properties like Sheopur Fort and another one, the company plans to use debt financing.
- There is mention of exploring new properties potentially through leases or joint ventures, possibly supported by improved visibility post-IPO.
- No explicit mention of any immediate or planned fresh equity fundraising beyond the recent IPO.
🏗️capex
Any current/future capex/capital investment/strategic investment?
- Investing ₹11.5 crores from IPO proceeds in a hotel property in Mathura due to lack of good accommodation there.
- IPO raised ₹29.5 crores; funds allocated to Mathura Hotel, Sanjay Dubri Camp, and renovation of the oldest Pench property (₹2.5 crore).
- Other planned properties like Sheopur Fort and Melghat Tiger Reserve will be funded through debt financing.
- Construction costs per room including common facilities (dining, pool, spa) range from ₹3.5 crore to ₹4.5 crore, with land cost included.
- Developing new properties with about 30 rooms each in Sanjay Dubri, Mathura, Sheopur Fort, and Melghat Tiger Reserve, expected to take about 2 years each.
- Exploring leasing opportunities for additional ready properties to drive growth before new properties become operational.
- Sheopur Fort being developed on a 90-year government lease, aiming for 50 rooms with premium category pricing (₹18,000-25,000 per night).
📊revenue
Future growth expectations in sales/revenue/volumes?
- Growth expected to start at 25% in the first year, potentially rising to 30-35% in the following year (Page 21).
- Expansion plans include increasing rooms from current 87 to about 170-180 within two years through new properties and leases (Pages 19-20).
- Average occupancy projected to be 35-40% initially, growing to 50%+ after two years as business stabilizes (Page 20).
- Continuous exploration of new property opportunities, especially in the 55 Tiger Reserves in India to drive future growth (Page 21).
- IPO proceeds and debt financing being utilized for property development to support expansion and revenue growth (Page 18).
- Growth partly reliant on acquiring or leasing ready properties to bridge the gap before new builds complete (Pages 19-20).
📈margin
Future growth expectations in earnings/operating earnings/profits/EPS?
- Growth expected to start at around 25% in the first year.
- Projected increase to 30-35% in the following year.
- Growth driven by expansion in inventory: from current 87 rooms to 170-180 rooms over next 2 years.
- New properties under development include 30-room facilities at Sanjay Dubri, Mathura, Sheopur Fort, Melghat Tiger Reserve.
- Occupancy expected to grow from initial 35-40% to 50%+ after 2 years once business stabilizes.
- Additional growth opportunities through leasing/joint ventures of ready properties.
- IPO proceeds (₹29.5 Cr) being used for property development and renovation; debt financing planned for Sheopur and other projects.
- Overall, the management is optimistic about significant growth fuelled by multiple new properties and increased visibility post-IPO.
📋orderbook
Current/ Expected Orderbook/ Pending Orders?
- Currently, Jungle Camps India has about 87 rooms across their properties.
- They have 90 rooms combined from Mathura and Sanjay Dubri.
- An additional 50 rooms will come from the Sheopur Fort property.
- Plans are underway to add 30 more rooms at Sanjay Dubri and other locations like Melghat Tiger Reserve.
- Overall, the company expects around 170-180 rooms to be added as per existing plans.
- New properties under construction will take approximately 2 years to complete (ready by FY 2026).
- Meanwhile, the company is actively exploring and seeking lease or joint venture agreements for ready properties to drive growth before the completion of these projects.
- Fund raising includes ₹29.5 crores from IPO proceeds and additional projects funded through debt.
This reflects a robust order book with multiple projects in progress and pipeline properties being actively pursued.
