Sayaji Hotels Ltd

Sayaji Hotels Ltd

₹ 330 5.85%
24 Apr 3:01 p.m.
About

Incorporated in 1982, Sayaji Hotels Ltd
is in the business of owning, operating
& managing hotels[1]

Key Points

Business Overview:[1][2]
SHL is a luxury hospitality brand which offers 4-star and 5-star hotel services with 15 hotels across 11 cities in India. It offers multicuisine restaurants, rooftop eateries, cafes, bars, lounges and other hotel facilities. Company owns /operates a portfolio of 7 properties under its in-house brands— Sayaji and Effotel. 6 of the properties—at Vadodara (2 properties), Indore (hotel, and a convention centre, Amber Garden), Pune, Bhopal, Raipur—are owned or leased,
and 1 property (Kohlapur) is under management contract. To expand its brands across the country, SHL’s 100% subsidiary, Sayaji Hotels Management Limited, enters management contracts with asset owners under 3 brands viz.Sayaji, Effotel and Enris

  • Market Cap 577 Cr.
  • Current Price 330
  • High / Low 424 / 247
  • Stock P/E 30.7
  • Book Value 24.5
  • Dividend Yield 0.00 %
  • ROCE 41.4 %
  • ROE 53.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 71.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%

Cons

  • Stock is trading at 13.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 6.59% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Hotels & Restaurants Industry: Hotels

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
29.19 37.68 10.31 36.54 61.62 52.60 22.17 52.30 31.20 42.87 24.46 22.03 31.52
20.28 29.84 9.08 24.47 36.92 43.31 17.40 41.37 21.30 26.77 16.68 16.72 19.93
Operating Profit 8.91 7.84 1.23 12.07 24.70 9.29 4.77 10.93 9.90 16.10 7.78 5.31 11.59
OPM % 30.52% 20.81% 11.93% 33.03% 40.08% 17.66% 21.52% 20.90% 31.73% 37.56% 31.81% 24.10% 36.77%
7.22 -0.35 0.76 18.98 0.97 7.59 17.58 15.36 10.20 3.40 0.85 1.04 0.94
Interest 7.33 5.17 4.78 4.84 4.62 4.26 2.00 2.87 2.11 1.76 2.06 2.09 1.41
Depreciation 8.82 7.00 5.69 5.77 6.06 5.88 2.51 5.20 2.54 2.56 2.83 2.77 2.81
Profit before tax -0.02 -4.68 -8.48 20.44 14.99 6.74 17.84 18.22 15.45 15.18 3.74 1.49 8.31
Tax % 1,800.00% -25.21% 30.90% 26.91% 21.75% 16.17% 17.38% -3.07% 11.33% 25.49% 25.67% 89.26% 16.13%
0.35 -5.86 -5.86 14.95 11.72 5.66 14.74 18.78 13.70 11.29 2.77 0.16 6.98
EPS in Rs 0.20 -3.35 -3.35 8.54 6.70 3.23 8.42 10.73 7.83 6.45 1.58 0.09 3.99
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
123 118 123 135 161 158 192 218 210 75 161 263 121
86 91 98 109 129 129 164 182 162 64 114 187 80
Operating Profit 37 26 25 27 33 29 28 36 48 12 47 77 41
OPM % 30% 22% 20% 20% 20% 18% 15% 17% 23% 15% 29% 29% 34%
0 -23 11 1 13 1 2 -0 -1 8 28 29 6
Interest 22 18 13 12 12 16 14 16 22 20 18 12 7
Depreciation 13 17 15 20 23 21 20 20 29 26 23 20 11
Profit before tax 2 -32 8 -4 11 -7 -4 0 -4 -27 34 74 29
Tax % 43% 35% 33% 35% 8% 15% -12% 4,500% 52% 19% 21% 26%
1 -21 6 -3 10 -6 -4 -3 -2 -22 26 55 21
EPS in Rs 0.65 -11.90 3.17 -1.51 5.61 -3.59 -2.42 -1.77 -1.03 -12.42 15.12 31.48 12.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 8%
TTM: -24%
Compounded Profit Growth
10 Years: 38%
5 Years: 72%
3 Years: 302%
TTM: -48%
Stock Price CAGR
10 Years: 10%
5 Years: 6%
3 Years: 18%
1 Year: 3%
Return on Equity
10 Years: 6%
5 Years: 16%
3 Years: 27%
Last Year: 54%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 80 59 65 65 75 62 56 53 51 30 58 113 25
Preference Capital 0 0 0 9 10 0 20 23 22 24 25 27
117 108 72 67 94 111 92 86 64 135 96 59 71
69 36 36 50 64 54 79 84 157 79 75 69 16
Total Liabilities 283 220 191 200 250 245 244 240 289 262 246 259 130
215 151 143 139 132 156 147 145 209 188 166 150 47
CWIP 0 0 0 5 33 0 0 2 0 0 0 1 0
Investments 14 14 19 21 21 20 20 13 13 7 7 14 20
53 55 29 36 64 70 77 81 67 68 74 94 63
Total Assets 283 220 191 200 250 245 244 240 289 262 246 259 130

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
38 3 49 28 21 32 25 36 42 14 37 33
-15 25 -1 -23 -32 -7 -11 -19 -3 5 23 14
-23 -28 -48 -6 15 -12 -14 -28 -35 -25 -51 -52
Net Cash Flow -0 1 -1 -0 5 14 -0 -11 5 -6 9 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 35 36 19 20 21 15 17 15 9 17 15 13
Inventory Days 113 115 104 129 134 149 125 67
Days Payable 117 88 89 77 103 103 115 98
Cash Conversion Cycle 31 64 33 72 51 15 63 15 9 17 24 -17
Working Capital Days -63 24 -46 -45 -31 -4 -3 2 -14 47 23 9
ROCE % 11% 5% 6% 5% 6% 5% 5% 10% 14% -4% 26% 41%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
25.06% 25.06% 25.06% 25.06% 25.06% 25.06% 25.03% 25.02% 25.03% 25.02% 25.02% 25.02%
No. of Shareholders 3,8633,8043,7313,6623,6113,5863,5873,5613,5253,8363,9163,870

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents