---
title: "Sayaji Hotels (Indore) Ltd (544080) — Share Price, Financials & Analysis"
symbol: "544080"
company: "Sayaji Hotels (Indore) Ltd"
canonical: "https://tapetide.com/stocks/544080"
isin: "INE0MGS01014"
bse_code: "544080"
sector: "Leisure Services"
industry: "Hotels & Resorts"
market_cap_cr: 374.7
generated_at: "2026-10-13T11:00:05.997Z"
---

# Sayaji Hotels (Indore) Ltd (544080)

Canonical page: https://tapetide.com/stocks/544080

## Company

- **BSE Code:** 544080
- **ISIN:** INE0MGS01014
- **Sector:** Leisure Services
- **Industry:** Hotels & Resorts
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-01-16
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shilindore.com

## About

Incorporated in 2018, Sayaji Hotels (Indore) Ltd is in the business of owning, operating & managing hotels[1]

## Latest Price

- **Price:** ₹1230
- **Change:** 0 (0%)
- **Open:** ₹1230
- **Day High:** ₹1230
- **Day Low:** ₹1230
- **Previous Close:** ₹1230
- **Volume:** 1
- **As Of:** 2026-10-13T06:48:38+00:00

## Key Fundamentals

Price-based figures as of 2026-10-13T12:18:38+05:30.

Observed at 2026-10-13T04:32:34.458639Z.

- **Market Cap:** ₹374.7 Cr
- **Classification:** Microcap
- **P/E (TTM):** 47.97
- **EPS (TTM):** ₹25.64
- **Book Value:** ₹230.35
- **Price to Book:** 5.34
- **Dividend Yield:** 0.07%
- **ROE:** 11.41%
- **ROCE:** 8.53%
- **Debt to Equity:** 1.89
- **Revenue (yearly):** ₹107.3 Cr
- **Net Income:** ₹8 Cr
- **EBITDA:** ₹24.4 Cr
- **52-Week High:** ₹1430
- **52-Week Low:** ₹702.05
- **RSI (14):** 47.36

## Key Insights

### Weaknesses

- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -37.81% | -12.9% | 15.53% |
| ebitda margin growth | 51.52% | -8% | 9.63% | — |
| net income growth | 700% | -24.53% | -4% | 241% |
| revenue growth | -10.7% | 1.13% | 2% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 20.23 | 26.01 | 27.29 | 24.06 | 21.93 | 30.17 | 29.51 | 23.76 | 21.06 | 32.13 | 29.6 | 26.52 |
| Expenses | 19.13 | 19.78 | 18.67 | 18.55 | 17.98 | 21.83 | 21.52 | 18.53 | 17.87 | 21.17 | 25.3 | 21.76 |
| Operating Profit | 1.1 | 6.23 | 8.62 | 5.51 | 3.95 | 8.34 | 7.99 | 5.23 | 3.19 | 10.96 | 4.3 | 4.76 |
| OPM % | 5.44 | 23.95 | 31.59 | 22.9 | 18.01 | 27.64 | 27.08 | 22.01 | 15.15 | 34.11 | 14.53 | 17.95 |
| Other Income | 0.13 | 0.15 | 0.15 | 0.15 | 0.1 | 0.09 | 0.14 | 0.26 | 0.14 | 0.07 | -0.97 | 0.22 |
| Interest | 0.91 | 1.25 | 1.51 | 1.58 | 1.74 | 1.51 | 1.36 | 1.44 | 1.54 | 1.59 | 1.49 | 1.46 |
| Depreciation | 1.49 | 1.52 | 2.03 | 1.61 | 1.64 | 1.64 | 1.76 | 1.6 | 1.62 | 1.67 | 1.71 | 1.5 |
| Profit before tax | -1.17 | 3.61 | 5.23 | 2.47 | 0.67 | 5.28 | 5.01 | 2.45 | 0.17 | 7.77 | 0.13 | 2.02 |
| Tax % | 27.35 | -35.46 | 7.27 | 34.01 | 102.99 | 14.02 | 11.58 | 26.94 | -5.88 | 24.45 | -30.77 | 21.78 |
| Net Profit | -1.49 | 4.89 | 4.85 | 1.63 | -0.02 | 4.54 | 4.43 | 1.79 | 0.18 | 5.87 | 0.18 | 1.58 |
| EPS in Rs | -4.89 | 16.05 | 15.92 | 5.35 | -0.07 | 14.9 | 14.54 | 5.88 | 0.59 | 19.27 | 0.59 | 5.19 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 99 | 96 | 106 | 107 | 109 |
| Expenses | 0 | 0 | 76 | 77 | 80 | 82 | 86 |
| Operating Profit | 0 | 0 | 23 | 20 | 26 | 24 | 23 |
| OPM % | — | — | 23 | 20 | 25 | 23 | 21 |
| Other Income | 0 | 0 | 1 | 1 | 0 | -1 | -1 |
| Interest | 0 | 0 | 3 | 4 | 6 | 6 | 6 |
| Depreciation | 0 | 0 | 6 | 6 | 7 | 7 | 6 |
| Profit before tax | 0 | 0 | 14 | 9 | 13 | 11 | 10 |
| Tax % | 100 | -200 | 26 | 23 | 21 | 24 | — |
| Net Profit | 0 | 0 | 10 | 7 | 11 | 8 | 8 |
| EPS in Rs | — | — | — | 23.57 | 34.69 | 26.29 | 25.64 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 3 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.05 | 0.05 | 3 | 3 | 3 | 3 |
| Reserves | 0 | 0 | 42 | 49 | 59 | 67 |
| Borrowings | 0 | 0 | 33 | 42 | 52 | 132 |
| Other Liabilities | 0 | 0 | 18 | 18 | 21 | 23 |
| Total Liabilities | 0 | 0 | 96 | 112 | 135 | 225 |
| Fixed Assets | 0 | 0 | 72 | 73 | 72 | 68 |
| CWIP | 0 | 0 | 1 | 14 | 40 | 112 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 23 | 25 | 24 | 45 |
| Total Assets | 0 | 0 | 96 | 112 | 135 | 225 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | 1 | 18 | 25 | 16 |
| Cash from Investing Activity | 0 | 0 | -2 | -20 | -31 | -89 |
| Cash from Financing Activity | 0 | 0 | 1 | 5 | 4 | 74 |
| Net Cash Flow | 0 | 0 | 0 | 2 | -2 | 0 |
| Free Cash Flow | 0 | 0 | -1 | -3 | -6 | -65 |
| CFO/OP | 100 | 0 | 17 | 107 | 110 | 81 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | 8 | 11 | 14 | 12 |
| Inventory Days | — | — | 77 | 88 | 52 | 74 |
| Days Payable | — | — | 75 | 65 | 86 | 101 |
| Cash Conversion Cycle | — | — | 11 | 34 | -20 | -15 |
| Working Capital Days | — | — | -50 | -85 | -25 | -47 |
| ROCE % | — | -67 | 44 | 16 | 19 | 12 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.95% | 74.95% | 74.95% | 74.95% | 44.08% | 44.08% | 44.08% | 41.36% | 80.65% | 80.65% | 80.65% | 79.51% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 5.67% | 5.67% | 5.67% | 5.47% | 4.87% | 4.88% | 4.87% | 4.84% | 4.39% | 4.39% | 4.37% | 5.52% |
| Others | 19.38% | 19.38% | 19.39% | 19.58% | 51.05% | 51.04% | 51.05% | 53.8% | 14.96% | 14.96% | 14.98% | 14.97% |
| No. of Shareholders | 1962 | 1462 | 1420 | 1383 | 1397 | 1394 | 1372 | 1344 | 1318 | 1321 | 1315 | 1309 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 3 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1281.83 | Sell |
| EMA (10) | 1256.86 | Sell |
| SMA (20) | 1264.28 | Sell |
| EMA (20) | 1243.23 | Sell |
| SMA (50) | 1069.1 | Buy |
| EMA (50) | 1150.27 | Buy |
| SMA (100) | 1009.29 | Buy |
| EMA (100) | 1070.19 | Buy |
| SMA (200) | 1021.34 | Buy |
| EMA (200) | 1026.56 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.05 | Neutral |
| MACD (12,26,9) | 33.54 | Sell |
| Stochastic (14,3,3) | 2.16 | Buy |
| ADX (14) | 14.82 | Neutral |
| Williams %R (14) | -96.75 | Buy |
| ATR (14) | 44.65 | High Volatility |
| ROC (12) | -4.21 | Sell |
| Stoch RSI (14) | 3.43 | Buy |
| UO (7,14,28) | 18.15 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-06-12 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D8711514_7758_4E0D_8B74_6F968C571D38_115154.pdf) |
| 2026-06-12 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A684B5DB_4DB1_4E2B_BEEC_2330DF18A7A3_115550.pdf) |
| 2026-06-12 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D4A29DB0_CD2A_4E5D_8705_6DF925DF3BBC_124121.pdf) |
| 2026-06-12 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B6543B69_83F9_48F9_9790_E4C3AFD9D5B0_124544.pdf) |
| 2026-06-12 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=BCC4D514_9474_4DBF_828F_FF0F6059EA91_125641.pdf) |
| 2026-06-02 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=745dbfc2-7c88-4687-bca0-5b5ddfc17b60.pdf) |
| 2026-05-27 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=150f4a2a-7a52-4ba4-8501-36f86cb07c77.pdf) |
| 2026-05-22 | [Declaration On Audit Report With Unmodified Opinion.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8407733-2773-44d7-abe7-730cbd1a2f7a.pdf) |
| 2026-05-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd446c58-79cf-4bc5-bddc-03932d82fde8.pdf) |
| 2026-05-18 | [Compliances-Reg.24(A)-Annual Secretarial Compliance](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d7cebaa-3823-4356-9de6-c90e40e2bc3c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b7e5d58-d136-4c2a-82ba-8229586e32e8.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4716fb02-feca-4714-9921-642cef827e27.pdf) |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9bd4cdc6-6b75-4f2f-9698-baa903ea0ae9.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e3d8d38-ebb8-4ae6-b1ae-981a821ba8fa.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b757f9f6-0be1-4cac-a10f-b9fd22683401.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/391a1648-0a01-4682-90fc-b6014d57d428.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/37b088f6-334f-44e7-a9e1-184d76541124.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3277d947-f819-4881-a4a8-987d4fd0e13a.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb51dc01-5a10-476e-9520-c21e98676ece.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-06-01 | Credit rating update — CRISIL |
| 2025-11-20 | Credit rating update — India Ratings |
| 2025-03-17 | Credit rating update — CRISIL |
| 2024-10-03 | Credit rating update — CRISIL |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d27f54ef-2591-42be-8228-f9eae0fd313f.pdf) |
| 2026-09-30 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ac13d0a-bc8d-4afe-9a95-84d348692dd9.pdf) |
| 2026-09-28 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc9c9ecc-465b-49b9-8e1e-2ea5054b4194.pdf) |
| 2026-09-19 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec3c2a29-3e7f-45f0-9826-075957ddfbec.pdf) |
| 2026-09-18 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e27ce4d4-224d-40a0-a47f-e5009307aa4d.pdf) |
| 2026-09-16 | [Board Meeting Outcome for Outcome Of Board Meeting - 16.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b041e3b9-368a-40ca-b76d-2b579661c865.pdf) |
| 2026-09-16 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ddfc33bf-92b9-4e5f-a2ff-976bab0edb6c.pdf) |
| 2026-08-23 | [Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=491c6568-318e-4dc3-a8b7-28bbd762cfeb.pdf) |
| 2026-08-22 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edeee588-7726-4a44-9fcc-b54248d4c9c5.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3398939-f6ce-40f7-9457-b1473f89c245.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-28 | [Quick Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0d9df55-aea2-429a-bf2d-cec6d6990fa3.pdf) |
| 2026-05-28 | [Quick Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3b08072-10a7-43f5-9dd5-d5360d94cc44.pdf) |
| 2026-02-05 | [Quick Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b6e22185-db30-43a5-a491-3877219a0700.pdf) |
| 2025-11-13 | [Unaudited Financial Results For The Quarter Ended On September 30Th 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=30f0660a-9980-4535-a064-65df91914750.pdf) |
| 2025-08-12 | [Unaudited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=abfa532d-c568-460c-9339-8802adb27959.pdf) |
| 2025-05-24 | [Quick Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9ecf838-4a68-4084-8a81-a3c047bfaa06.pdf) |
| 2024-02-09 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6c720ba-83e8-4246-9eea-88ab0a4aec00.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:05.997Z.