Sayaji Hotels Ltd

Sayaji Hotels Ltd

₹ 329 3.56%
23 Feb - close price
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 329
  • High / Low 424 / 247
  • Stock P/E 51.9
  • Book Value 87.0
  • Dividend Yield 0.00 %
  • ROCE 20.6 %
  • ROE 15.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 61.3% CAGR over last 5 years

Cons

  • Stock is trading at 3.78 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 4.29% over past five years.
  • Company has a low return on equity of 3.58% over last 3 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
33.58 38.76 10.53 37.05 62.33 53.24 22.17 52.72 31.20 42.87 24.46 22.03 31.52
23.51 61.91 22.87 27.79 37.67 46.04 17.40 41.57 21.30 30.81 17.96 20.40 19.91
Operating Profit 10.07 -23.15 -12.34 9.26 24.66 7.20 4.77 11.15 9.90 12.06 6.50 1.63 11.61
OPM % 29.99% -59.73% -117.19% 24.99% 39.56% 13.52% 21.52% 21.15% 31.73% 28.13% 26.57% 7.40% 36.83%
17.51 -0.09 48.55 5.21 7.78 -0.41 12.57 3.47 12.37 3.36 0.89 1.08 2.27
Interest 12.52 5.80 5.21 5.13 4.74 4.51 2.04 2.92 2.11 1.79 2.07 2.09 1.42
Depreciation 9.91 7.43 6.13 6.04 6.07 5.88 2.51 5.20 2.54 2.56 2.83 2.77 2.81
Profit before tax 5.15 -36.47 24.87 3.30 21.63 -3.60 12.79 6.50 17.62 11.07 2.49 -2.15 9.65
Tax % -23.88% -2.19% 11.38% 190.00% 13.13% -33.89% 24.63% 3.23% 11.07% 35.59% 38.96% -62.33% 13.99%
6.38 -37.27 21.72 -2.98 18.80 -4.99 9.38 6.28 15.67 6.97 1.59 -3.49 8.30
EPS in Rs 4.15 -21.30 12.41 -1.70 10.74 -2.85 5.36 3.59 8.95 3.98 0.91 -1.99 4.74
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
242 302 390 143 181 179 216 244 215 77 163 266 121
189 250 324 116 144 144 181 214 182 99 116 188 89
Operating Profit 53 51 66 27 36 35 35 30 33 -22 47 78 32
OPM % 22% 17% 17% 19% 20% 19% 16% 12% 15% -29% 29% 29% 26%
-1 -47 13 1 13 7 5 3 -1 14 43 10 8
Interest 25 23 20 13 15 19 16 19 24 22 20 12 7
Depreciation 17 27 28 25 30 26 24 24 31 28 24 20 11
Profit before tax 10 -45 32 -10 5 -4 -1 -10 -22 -58 46 56 21
Tax % 25% 18% 36% 32% -16% 13% -508% -27% 13% 10% 28% 37%
8 -37 21 1 10 -3 -4 -13 -19 -53 33 35 13
EPS in Rs 3.26 -22.13 7.87 1.70 6.65 -1.42 -2.31 -7.65 -10.55 -29.17 18.89 20.05 7.64
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 4%
3 Years: 7%
TTM: -24%
Compounded Profit Growth
10 Years: 18%
5 Years: 61%
3 Years: 64%
TTM: 16%
Stock Price CAGR
10 Years: 11%
5 Years: 7%
3 Years: 20%
1 Year: 7%
Return on Equity
10 Years: 0%
5 Years: -1%
3 Years: 4%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 103 56 96 71 83 112 123 119 46 80 188 222 135
Preference Capital 0 0 0 9 10 0 20 23 22 24 25 27
149 161 117 92 118 133 111 104 80 138 97 62 71
61 80 127 64 75 62 86 92 217 93 75 70 16
Total Liabilities 331 315 358 245 295 325 338 332 359 329 378 371 240
247 220 226 166 154 172 161 154 272 200 166 150 47
CWIP 6 9 23 14 42 0 0 2 0 0 0 1 0
Investments 3 0 6 16 20 71 89 83 3 49 115 127 128
75 85 104 50 80 81 88 93 85 79 97 93 65
Total Assets 331 315 358 245 295 325 338 332 359 329 378 371 240

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 58 42 28 26 38 29 37 50 13 34 38
-54 -42 -38 -51 -32 -6 -10 -14 1 5 46 -10
22 -12 1 15 11 -18 -19 -33 -46 -26 -50 -52
Net Cash Flow -1 4 5 -9 5 15 0 -11 6 -7 29 -25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 17 17 8 20 19 14 17 15 10 18 16 15
Inventory Days 58 58 54 139 135 125 67
Days Payable 73 113 63 80 101 116 99
Cash Conversion Cycle 2 -37 -2 80 53 14 17 15 10 18 25 -17
Working Capital Days -29 -30 -13 -44 -30 -6 -2 7 -6 21 24 7
ROCE % 14% 10% 15% 1% 4% 6% 6% 4% 3% -19% 22% 21%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 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% 25.06% 25.03% 25.02% 25.03% 25.02% 25.02%
No. of Shareholders 3,8763,8633,8043,7313,6623,6113,5863,5873,5613,5253,8363,916

* 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.

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