Sayaji Hotels
Sayaji Hotels
Leisure ServicesKey Fundamentals
MicrocapHotels & ResortsLeisure ServicesTapetide Score
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Key Insights
Strengths
1- Company has a good return on equity (ROE) track record: 3 Years ROE 11.7%
Weaknesses
7- Stock is trading at 8.49 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.7% over last 3 years.
- Earnings include an other income of Rs.18.6 Cr.
- Debtor days have increased from 30.4 to 41.3 days.
- Promoter holding has decreased over last 3 years: -8.13%
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.46 | 22.03 | 31.52 | 33.76 | 27.96 | 28.13 | 42.54 | 39.65 | 35.53 | 31.67 | 43.94 | 37.65 | 20 |
| Expenses | 16.68 | 16.72 | 19.93 | 21.27 | 19.78 | 22.81 | 29.32 | 30.74 | 27.11 | 27.12 | 29.22 | 26.4 | 17.35 |
| Operating Profit | 7.78 | 5.31 | 11.59 | 12.49 | 8.18 | 5.32 | 13.22 | 8.91 | 8.42 | 4.55 | 14.72 | 11.25 | 2.65 |
| OPM % | 31.81% | 24.1% | 36.77% | 37% | 29.26% | 18.91% | 31.08% | 22.47% | 23.7% | 14.37% | 33.5% | 29.88% | 13.25% |
| Other Income | 0.85 | 1.04 | 0.94 | 1.87 | 0.89 | 0.65 | 0.55 | 1.14 | 0.75 | 0.75 | 0.75 | 13.25 | 3.87 |
| Interest | 2.06 | 2.09 | 1.41 | 1.82 | 1.84 | 1.78 | 3.11 | 3.72 | 3.38 | 3.37 | 3.47 | 3.54 | 2.63 |
| Depreciation | 2.83 | 2.77 | 2.81 | 3.02 | 3.3 | 3.36 | 3.81 | 4.83 | 6.11 | 6.38 | 6.11 | 7.27 | 4.29 |
| PBT | 3.74 | 1.49 | 8.31 | 9.52 | 3.93 | 0.83 | 6.85 | 1.5 | -0.32 | -4.45 | 5.89 | 13.69 | -0.4 |
| Tax % | 25.67% | 89.26% | 16.13% | 12.71% | 31.81% | 1.2% | 26.72% | -12.67% | -12.5% | -26.07% | 20.37% | 27.03% | 62.5% |
| Net Profit | 2.77 | 0.16 | 6.98 | 8.31 | 2.68 | 0.82 | 5.01 | 1.7 | -0.29 | -3.29 | 4.68 | 9.98 | -0.65 |
| EPS in Rs | 1.58 | 0.09 | 3.99 | 4.75 | 1.53 | 0.47 | 2.86 | 0.97 | -0.17 | -1.88 | 2.67 | 5.7 | -0.37 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 135 | 161 | 158 | 192 | 218 | 210 | 75 | 161 | 115 | 112 | 138 | 149 | 133 |
| Expenses | 109 | 129 | 129 | 164 | 182 | 162 | 64 | 114 | 82 | 75 | 103 | 109 | 100 |
| Operating Profit | 27 | 33 | 29 | 28 | 36 | 48 | 12 | 47 | 33 | 37 | 36 | 39 | 33 |
| OPM % | 20% | 20% | 18% | 15% | 17% | 23% | 15% | 29% | 29% | 33% | 26% | 26% | 25% |
| Other Income | 1 | 13 | 1 | 2 | 0 | -1 | 8 | 28 | 51 | 5 | 3 | 16 | 19 |
| Interest | 12 | 12 | 16 | 14 | 16 | 22 | 20 | 18 | 8 | 7 | 10 | 14 | 13 |
| Depreciation | 20 | 23 | 21 | 20 | 20 | 29 | 26 | 23 | 10 | 11 | 15 | 26 | 24 |
| PBT | -4 | 11 | -7 | -4 | 0 | -4 | -27 | 34 | 67 | 23 | 13 | 15 | 15 |
| Tax % | -35% | 8% | -15% | 12% | 4500% | -52% | -19% | 21% | 19% | 21% | 22% | 25% | — |
| Net Profit | -3 | 10 | -6 | -4 | -3 | -2 | -22 | 26 | 54 | 18 | 10 | 11 | 11 |
| EPS in Rs | -1.51 | 5.61 | -3.59 | -2.42 | -1.77 | -1.03 | -12.42 | 15.12 | 30.86 | 10.41 | 5.83 | 6.34 | 6.12 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 65 | 75 | 62 | 56 | 53 | 51 | 30 | 58 | 113 | 29 | 39 | 50 |
| Borrowings | 76 | 104 | 111 | 112 | 108 | 87 | 159 | 121 | 87 | 55 | 150 | 126 |
| Other Liabilities | 41 | 54 | 54 | 58 | 62 | 134 | 55 | 50 | 42 | 15 | 22 | 23 |
| Total Liabilities | 200 | 250 | 245 | 244 | 240 | 289 | 262 | 246 | 259 | 116 | 228 | 217 |
| Fixed Assets | 139 | 132 | 156 | 147 | 145 | 209 | 188 | 166 | 150 | 51 | 155 | 134 |
| CWIP | 5 | 33 | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 1 | 1 | 7 |
| Investments | 21 | 21 | 20 | 20 | 13 | 13 | 7 | 7 | 14 | 16 | 6 | 14 |
| Other Assets | 36 | 64 | 70 | 77 | 81 | 67 | 68 | 74 | 94 | 48 | 67 | 61 |
| Total Assets | 200 | 250 | 245 | 244 | 240 | 289 | 262 | 246 | 259 | 116 | 228 | 217 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 28 | 21 | 32 | 25 | 36 | 42 | 14 | 37 | 33 | 48 | 28 | 44 |
| Investing | -23 | -32 | -7 | -11 | -19 | -3 | 5 | 23 | 14 | 4 | -33 | -33 |
| Financing | -6 | 15 | -12 | -14 | -28 | -35 | -25 | -51 | -52 | -51 | 7 | -12 |
| Net Cash Flow | 0 | 5 | 14 | 0 | -11 | 5 | -6 | 9 | -5 | 1 | 1 | -1 |
| Free Cash Flow | 6 | -12 | 18 | 13 | 17 | 36 | 12 | 36 | 29 | 47 | -12 | 14 |
| CFO/OP | 110 | 74 | 126 | 91 | 107 | 92 | 121 | 89 | 159 | 146 | 90 | 126 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 21 | 15 | 17 | 15 | 9 | 17 | 15 | 31 | 23 | 27 | 41 |
| Inventory Days | 129 | 134 | — | 149 | — | — | — | 125 | 162 | 56 | 109 | 102 |
| Days Payable | 77 | 103 | — | 103 | — | — | — | 115 | 236 | 116 | 105 | 73 |
| Cash Conversion Cycle | 72 | 51 | 15 | 63 | 15 | 9 | 17 | 24 | -43 | -37 | 31 | 71 |
| Working Capital Days | -56 | -127 | -38 | -30 | -37 | -25 | -94 | -12 | 9 | 18 | -34 | 10 |
| ROCE % | 5% | 6% | 5% | 5% | 10% | 14% | -4% | 26% | 24% | 19% | 15% | 8% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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35 extracted metrics + investor summaries across FY10–FY26.
Documents
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Company Information
Incorporated in 1982, Sayaji Hotels Ltd is in the business of owning, operating & managing hotels[1]
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