Hello Investors,
This is my topic in this forum. Hope you all like the content and add more value to it.
Company Overview
Praveg Limited, established in 2005, started as Advertising, Event& Exhibition Management Company to becoming a pioneer in Tourism & Hospitality.
Company deals with 2 core business lines:
Exhibition & Events
Tourism & Hospitality
Company’s Journey
Tent City Varanasi:
Tent City Varanasi | Praveg Tent City Near Ganga Ghat | The Spiritual Luxury
You can find the photos in google maps if you search by Tent City Varanasi
Tent City Narmada: Tent City Narmada Official Operator of Gujarat Tourism - Praveg Communications India Limited
This is located near Statue of Unity
Tent City Narmada | An Ideal Conference Venue | Near Statue of Unity
Vibrant Vivah - YouTube Wedding Event
Glimpse on their Wedding Event
Business Model:
- Bids and takes land at low cost on rent from Government.
- Established luxury tents as depicted in the images above.
- Cheaper to setup a tent compared to a hotel.
- This reduces their expenses and margins are high compared to Hotels.
- Per day rent comes to be Rs 4K - 17K.
- Payback period is only 18 months.
A detailed video on this by Shashank
Detailed Analysis of Praveg Ltd | Unstoppable Micro Cap Stock 🤯📈
Details on various projects:
Link to Sheet: Resorts Detail - Google Sheets (please add your comments if any)
Financials
Revenue Breakdown Mar 2023:
Exhibition & Events - Rs 36.14 Cr
Tourism & Hospitality - Rs 48.61
Source:
No of Rooms Sold & Meals Served:
P&L:
Balance Sheet
Key Ratios
Comparison with Peers
RISKS
- Cyclical Industry.
- Political Risk.
Disc: No Investment Yet
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