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 ₹ 96.6 Cr.
- Current Price ₹ 59.9
- High / Low ₹ 86.5 / 46.0
- Stock P/E 31.8
- Book Value ₹ 73.2
- Dividend Yield 0.00 %
- ROCE 5.44 %
- ROE 3.69 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.82 times its book value
- Promoter holding has increased by 0.79% over last quarter.
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.
- Earnings include an other income of Rs.2.87 Cr.
* 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 | TTM | |
|---|---|---|---|---|---|---|
| 5.08 | 9.09 | 10.30 | 14.26 | 16.81 | 17.17 | |
| 3.24 | 4.64 | 5.08 | 8.05 | 10.45 | 12.33 | |
| Operating Profit | 1.84 | 4.45 | 5.22 | 6.21 | 6.36 | 4.84 |
| OPM % | 36.22% | 48.95% | 50.68% | 43.55% | 37.83% | 28.19% |
| 0.30 | 0.19 | 0.08 | 0.30 | 1.23 | 2.87 | |
| Interest | 1.44 | 0.54 | 0.17 | 0.09 | 0.08 | 1.09 |
| Depreciation | 1.11 | 1.13 | 1.30 | 3.22 | 1.89 | 2.00 |
| Profit before tax | -0.41 | 2.97 | 3.83 | 3.20 | 5.62 | 4.62 |
| Tax % | 14.63% | 22.56% | 24.28% | 34.69% | 32.21% | |
| -0.48 | 2.30 | 2.90 | 2.08 | 3.81 | 3.04 | |
| EPS in Rs | -20.21 | 96.84 | 122.11 | 1.75 | 2.36 | 1.89 |
| 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: | -1% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.38 | 2.38 | 2.38 | 11.88 | 16.12 | 16.12 |
| Reserves | 18.56 | 20.86 | 23.55 | 77.41 | 100.89 | 101.89 |
| 8.93 | 9.51 | 6.13 | 2.92 | 0.32 | 20.46 | |
| 2.64 | 3.11 | 7.23 | 6.07 | 7.17 | 4.29 | |
| Total Liabilities | 32.51 | 35.86 | 39.29 | 98.28 | 124.50 | 142.76 |
| 26.87 | 26.90 | 34.69 | 91.64 | 97.05 | 97.69 | |
| CWIP | 0.19 | 5.20 | 0.80 | 1.32 | 1.43 | 2.54 |
| Investments | 0.51 | 0.71 | 0.20 | 0.20 | 0.20 | 0.20 |
| 4.94 | 3.05 | 3.60 | 5.12 | 25.82 | 42.33 | |
| Total Assets | 32.51 | 35.86 | 39.29 | 98.28 | 124.50 | 142.76 |
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
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Outcome of Board Meeting
29 November 2025 - Board approved FY2024-25 Directors' Report; AGM scheduled 22 Dec 2025 via video conference.
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Outcome of Board Meeting
26 November 2025 - Saj Hotels Limited has informed regarding Board meeting held on November 26, 2025 for appointment of Secretarial Auditor for the FY 2024-25 in place of …
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Outcome of Board Meeting
14 November 2025 - Board approved unaudited Q2/H1 results ended Sep 30, 2025; limited review attached.
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Outcome of Board Meeting
14 November 2025 - Unaudited Q2/H1 results ended Sep 30, 2025: revenue Rs395.45L, net profit Rs89.17L; IPO fund utilization updated.
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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.
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.