Sayaji Hotels Ltd
Incorporated in 1982, Sayaji Hotels Ltd
is in the business of owning, operating
& managing hotels[1]
- Market Cap ₹ 474 Cr.
- Current Price ₹ 270
- High / Low ₹ 385 / 240
- Stock P/E
- Book Value ₹ 83.1
- Dividend Yield 0.00 %
- ROCE 5.91 %
- ROE 1.31 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.26 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -8.45% over past five years.
- Company has a low return on equity of 8.71% over last 3 years.
- Promoter holding has decreased over last 3 years: -9.07%
* 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
Consumer Discretionary Consumer Services Leisure Services Hotels & Resorts
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 390 | 143 | 181 | 179 | 216 | 244 | 215 | 77 | 163 | 115 | 112 | 138 | 149 | |
| 324 | 116 | 144 | 144 | 181 | 214 | 182 | 99 | 116 | 82 | 79 | 111 | 132 | |
| Operating Profit | 66 | 27 | 36 | 35 | 35 | 30 | 33 | -22 | 47 | 33 | 33 | 27 | 18 |
| OPM % | 17% | 19% | 20% | 19% | 16% | 12% | 15% | -29% | 29% | 29% | 30% | 20% | 12% |
| 13 | 1 | 13 | 7 | 5 | 3 | -1 | 14 | 43 | 33 | 5 | 3 | 5 | |
| Interest | 20 | 13 | 15 | 19 | 16 | 19 | 24 | 22 | 20 | 8 | 7 | 10 | 14 |
| Depreciation | 28 | 25 | 30 | 26 | 24 | 24 | 31 | 28 | 24 | 10 | 11 | 15 | 21 |
| Profit before tax | 32 | -10 | 5 | -4 | -1 | -10 | -22 | -58 | 46 | 48 | 19 | 5 | -12 |
| Tax % | 36% | -32% | -16% | -13% | 508% | 27% | -13% | -10% | 28% | 27% | 25% | 59% | |
| 21 | 1 | 10 | -3 | -4 | -13 | -19 | -53 | 33 | 35 | 14 | 2 | -13 | |
| EPS in Rs | 7.87 | 1.70 | 6.65 | -1.42 | -2.31 | -7.65 | -10.55 | -29.17 | 18.89 | 20.05 | 8.19 | 1.19 | -7.36 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -8% |
| 3 Years: | -5% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | 16% |
| 3 Years: | -60% |
| TTM: | -179% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 6% |
| 3 Years: | -6% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 4% |
| 3 Years: | 9% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 96 | 71 | 83 | 112 | 123 | 119 | 46 | 80 | 188 | 231 | 141 | 142 | 128 |
| 117 | 101 | 128 | 133 | 132 | 127 | 102 | 161 | 123 | 80 | 55 | 150 | 162 | |
| 127 | 55 | 65 | 62 | 65 | 69 | 194 | 69 | 50 | 42 | 15 | 22 | 26 | |
| Total Liabilities | 358 | 245 | 295 | 325 | 338 | 332 | 359 | 329 | 378 | 371 | 229 | 332 | 334 |
| 226 | 166 | 154 | 172 | 161 | 154 | 272 | 200 | 166 | 150 | 51 | 155 | 162 | |
| CWIP | 23 | 14 | 42 | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 1 | 1 | 16 |
| Investments | 6 | 16 | 20 | 71 | 89 | 83 | 3 | 49 | 115 | 127 | 127 | 108 | 97 |
| 104 | 50 | 80 | 81 | 88 | 93 | 85 | 79 | 97 | 93 | 50 | 69 | 59 | |
| Total Assets | 358 | 245 | 295 | 325 | 338 | 332 | 359 | 329 | 378 | 371 | 229 | 332 | 334 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 42 | 28 | 26 | 38 | 29 | 37 | 50 | 13 | 34 | 38 | 47 | 28 | |
| -38 | -51 | -32 | -6 | -10 | -14 | 1 | 5 | 46 | -10 | 4 | -33 | |
| 1 | 15 | 11 | -18 | -19 | -33 | -46 | -26 | -50 | -52 | -51 | 7 | |
| Net Cash Flow | 5 | -9 | 5 | 15 | 0 | -11 | 6 | -7 | 29 | -25 | 0 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 8 | 20 | 19 | 14 | 17 | 15 | 10 | 18 | 16 | 34 | 23 | 27 |
| Inventory Days | 54 | 139 | 135 | 125 | 162 | 56 | 109 | |||||
| Days Payable | 63 | 80 | 101 | 116 | 238 | 116 | 105 | |||||
| Cash Conversion Cycle | -2 | 80 | 53 | 14 | 17 | 15 | 10 | 18 | 25 | -42 | -37 | 31 |
| Working Capital Days | -24 | -62 | -118 | -38 | -26 | -29 | -19 | -63 | -15 | -5 | 24 | -29 |
| ROCE % | 15% | 1% | 4% | 6% | 6% | 4% | 3% | -19% | 22% | 9% | 10% | 6% |
Documents
Announcements
- Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 6 Dec
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
2 Dec - Signed 15-year management agreement to operate 50-room Effotel hotel at Ranjangaon, Pune; brand 'EFFOTEL BY SAYAJI'.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
1 Dec - Promoter acquired 2,527,911 shares (14.43%) between 25–27 Nov 2025; voluntary disclosure.
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 1 Dec
-
Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.
1 Dec - Promoter Raoof Dhanani pledged 300,000 shares (1.71%) to Swan Finance on 26-Nov-2025; total encumbered 1,275,000 (7.27%).
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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