Saj Hotels Ltd
Incorporated in 1981, Saj Hotels Limited, operates in the hospitality industry, providing a variety of services, including resort accommodations, villa rentals, and restaurant and bar facilities.[1]
- Market Cap ₹ 101 Cr.
 - Current Price ₹ 62.4
 - High / Low ₹ 86.5 / 40.1
 - Stock P/E 27.5
 - Book Value ₹ 72.6
 - Dividend Yield 0.00 %
 - ROCE 5.44 %
 - ROE 3.69 %
 - Face Value ₹ 10.0
 
Pros
- Company has reduced debt.
 - Company is almost debt free.
 - Stock is trading at 0.87 times its book value
 
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
 - Company has a low return on equity of 4.74% 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
Consumer Discretionary Consumer Services Leisure Services Hotels & Resorts
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 5.08 | 9.09 | 10.30 | 14.26 | 16.81 | |
| 3.24 | 4.64 | 5.08 | 8.05 | 10.45 | |
| Operating Profit | 1.84 | 4.45 | 5.22 | 6.21 | 6.36 | 
| OPM % | 36.22% | 48.95% | 50.68% | 43.55% | 37.83% | 
| 0.30 | 0.19 | 0.08 | 0.30 | 1.23 | |
| Interest | 1.44 | 0.54 | 0.17 | 0.09 | 0.08 | 
| Depreciation | 1.11 | 1.13 | 1.30 | 3.22 | 1.89 | 
| Profit before tax | -0.41 | 2.97 | 3.83 | 3.20 | 5.62 | 
| Tax % | 14.63% | 22.56% | 24.28% | 34.69% | 32.21% | 
| -0.48 | 2.30 | 2.90 | 2.08 | 3.81 | |
| EPS in Rs | -20.21 | 96.84 | 122.11 | 1.75 | 2.36 | 
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 23% | 
| TTM: | 18% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 18% | 
| TTM: | 83% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | % | 
| 1 Year: | 27% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 5% | 
| Last Year: | 4% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 2.38 | 2.38 | 2.38 | 11.88 | 16.12 | 
| Reserves | 18.56 | 20.86 | 23.55 | 77.41 | 100.89 | 
| 8.93 | 9.51 | 6.13 | 2.92 | 0.32 | |
| 2.64 | 3.11 | 7.23 | 6.07 | 7.17 | |
| Total Liabilities | 32.51 | 35.86 | 39.29 | 98.28 | 124.50 | 
| 26.87 | 26.90 | 34.69 | 91.64 | 97.05 | |
| CWIP | 0.19 | 5.20 | 0.80 | 1.32 | 1.43 | 
| Investments | 0.51 | 0.71 | 0.20 | 0.20 | 0.20 | 
| 4.94 | 3.05 | 3.60 | 5.12 | 25.82 | |
| Total Assets | 32.51 | 35.86 | 39.29 | 98.28 | 124.50 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3.23 | 5.49 | 7.60 | 3.35 | 4.69 | |
| 0.14 | -6.20 | -4.31 | 0.48 | -8.72 | |
| -2.98 | 1.80 | -3.38 | -3.32 | 21.24 | |
| Net Cash Flow | 0.38 | 1.09 | -0.10 | 0.52 | 17.20 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 9.34 | 3.61 | 1.06 | 3.07 | 4.78 | 
| Inventory Days | 34.97 | ||||
| Days Payable | 192.34 | ||||
| Cash Conversion Cycle | 9.34 | 3.61 | 1.06 | 3.07 | -152.59 | 
| Working Capital Days | -464.15 | -317.22 | -294.48 | -114.16 | 12.16 | 
| ROCE % | 11.21% | 12.31% | 5.29% | 5.44% | 
Documents
Announcements
- 
        
          Certificate under SEBI (Depositories and Participants) Regulations, 2018
          
            20 October 2025 - Certificate under Reg 74(5): no physical share certificates received for dematerialisation in quarter ended Sep 30, 2025.
 - 
        
          Agreements
          
            17 October 2025 - Saj Hotels Limited has informed about Agreements
 - 
        
          Press Release
          
            29 September 2025 - 29-Sep-2025: Saj Hotels franchises 55-room Saj by the Lake, Malshej Ghat, to Lemon Tree (Keys Prima).
 - 
        
          Trading Window
          
            27 September 2025 - Trading window closed from 1 Oct 2025 until 48 hours after board meeting on results for quarter/half-year ended 31 Oct 2025.
 - 
        
          Disclosure under SEBI Takeover Regulations
          
            25 September 2025 - Promoter Rahul Timbadia declares no encumbrances on promoter holdings during FY 2024-25.
 
Annual reports
No data available.
Business Profile[1] The company offers a range of accommodation options across various destinations. The resorts are versatile event venues, capable of hosting conferences, weddings, and social events.