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 ₹ 63.6 Cr.
- Current Price ₹ 39.4
- High / Low ₹ 80.2 / 34.1
- Stock P/E 22.6
- Book Value ₹ 73.1
- Dividend Yield 0.00 %
- ROCE 5.55 %
- ROE 3.81 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.54 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 2.89% over last 3 years.
- Contingent liabilities of Rs.36.0 Cr.
- Earnings include an other income of Rs.3.04 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 8.06 | 12.83 | 12.71 | 14.26 | 16.81 | 16.95 | |
| 6.25 | 8.71 | 9.49 | 7.74 | 10.45 | 12.11 | |
| Operating Profit | 1.81 | 4.12 | 3.22 | 6.52 | 6.36 | 4.84 |
| OPM % | 22.46% | 32.11% | 25.33% | 45.72% | 37.83% | 28.55% |
| 0.04 | 0.05 | 3.81 | 0.30 | 1.34 | 3.04 | |
| Interest | 1.48 | 0.60 | 0.22 | 0.09 | 0.08 | 1.62 |
| Depreciation | 1.51 | 1.46 | 2.32 | 2.17 | 1.89 | 2.07 |
| Profit before tax | -1.14 | 2.11 | 4.49 | 4.56 | 5.73 | 4.19 |
| Tax % | 5.26% | 31.75% | 20.71% | 24.34% | 31.59% | |
| -1.20 | 1.32 | 3.48 | 3.45 | 3.92 | 2.82 | |
| EPS in Rs | -50.53 | 55.58 | 146.53 | 2.91 | 2.43 | 1.75 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 44% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 17.49 | 79.77 | 83.25 | 77.22 | 100.80 | 101.70 |
| 9.39 | 10.54 | 6.14 | 2.92 | 0.32 | 20.46 | |
| 3.60 | 3.57 | 7.15 | 6.07 | 7.17 | 4.29 | |
| Total Liabilities | 32.86 | 96.26 | 98.92 | 98.09 | 124.41 | 142.57 |
| 28.10 | 88.81 | 93.21 | 91.64 | 97.05 | 97.69 | |
| CWIP | 0.09 | 3.11 | 0.80 | 1.32 | 1.43 | 2.54 |
| Investments | 0.00 | 0.08 | 0.00 | 0.01 | 0.11 | 0.01 |
| 4.67 | 4.26 | 4.91 | 5.12 | 25.82 | 42.33 | |
| Total Assets | 32.86 | 96.26 | 98.92 | 98.09 | 124.41 | 142.57 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 4.74 | 3.32 | 7.67 | 4.75 | 4.69 | |
| -0.95 | -4.41 | -6.09 | -0.93 | -8.72 | |
| -3.20 | 0.55 | -1.75 | -3.32 | 21.24 | |
| Net Cash Flow | 0.59 | -0.53 | -0.17 | 0.50 | 17.20 |
| Free Cash Flow | 3.79 | -0.90 | 1.17 | 3.64 | -2.40 |
| CFO/OP | 281% | 92% | 259% | 91% | 85% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 6.79 | 3.13 | 0.86 | 3.07 | 4.78 |
| Inventory Days | 41.93 | 16.74 | 14.19 | 39.87 | |
| Days Payable | 167.70 | 115.53 | 103.42 | 104.29 | |
| Cash Conversion Cycle | -118.98 | -95.66 | -88.36 | -61.34 | 4.78 |
| Working Capital Days | -393.53 | -283.92 | -236.06 | -114.41 | 12.16 |
| ROCE % | 4.44% | 1.07% | 5.06% | 5.55% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Trade Receivable Turnover Ratio Times ・Standalone data |
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| Number of Permanent Employees Employees ・Standalone data |
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| Number of QSR Outlets (Daily Dosa) Outlets ・Standalone data |
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| Number of Rooms at Malsej (Saj by the Lake) Rooms ・Standalone data |
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Documents
Announcements
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Updates
27 March 2026 - Promoter Kartik Timbadia bought shares on NSE on 27/03/2026; post-holding reported ~2.02%.
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Trading Window
25 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited results for year ended 31 March 2025.
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Updates
17 March 2026 - La‑Tim Lifestyle bought 6,000 SAJ HOTELS shares on 17-Mar-2026; holding rose to 360,000 (2.23%).
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Updates
12 March 2026 - La-Tim Lifestyle bought 2,000 SAJHOTELS shares on 12-Mar-2026; holding rose to 354,000 (2.20%).
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Resignation
4 March 2026 - SAJ Hotels CFO Usha Ghelani resigns effective close of business March 31, 2026.
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.