Sayaji Hotels Ltd
NSE: SAYAJIHOTL BSE: 523710
Incorporated in 1982, Sayaji Hotels Ltd is in the business of owning, operating & managing hotels[1]
₹288
52W: ₹250 — ₹315
PE 180 · Book ₹29.9 · +863% vs bookMarket Cap₹505 Cr
Stock P/E180Price to Earnings
ROCE15.3%Return on Capital
ROE20%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has a good return on equity (ROE) track record: 3 Years ROE 34.0%
Weaknesses
- −Stock is trading at 9.63 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 -7.99% over past five years.
- −Promoter holding has decreased over last 3 years: -8.13%
Shareholding Pattern
Promoters66.82%
FIIs0%
DIIs0.02%
Public33.15%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.95% | 74.95% | 74.95% | 74.95% | 65.84%▼9.1 | 65.84% | 66.82%▲1.0 | 66.82% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 25.03% | 25.03% | 25.03% | 25.04%▲0.0 | 34.15%▲9.1 | 34.15% | 33.16%▼1.0 | 33.15%▼0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22.03 | 31.52 | 33.76 | 27.96 | 28.13 | 42.54 | 39.65 | 35.53 | 31.67 | 43.94 |
| Expenses | 16.72 | 19.93 | 21.27 | 19.78 | 22.81 | 29.32 | 30.74 | 27.11 | 27.12 | 29.22 |
| Operating Profit | 5.31 | 11.59 | 12.49 | 8.18 | 5.32 | 13.22 | 8.91 | 8.42 | 4.55 | 14.72 |
| OPM % | 24.1% | 36.77% | 37% | 29.26% | 18.91% | 31.08% | 22.47% | 23.7% | 14.37% | 33.5% |
| Net Profit | 0.16 | 6.98 | 8.31 | 2.68 | 0.82 | 5.01 | 1.7 | -0.29 | -3.29 | 4.68 |
| EPS ₹ | 0.09 | 3.99 | 4.75 | 1.53 | 0.47 | 2.86 | 0.97 | -0.17 | -1.88 | 2.67 |
AI Insights
Revenue Trend
TTM revenue at ₹151Cr, up 9.4% YoY. OPM at 24%.
Debt Position
Borrowings at ₹164Cr. Debt-to-equity ratio: 4.69x. High leverage — monitor closely.
Capex Cycle
CWIP at ₹16Cr (10% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0.02% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 66.82%.
Margin & Efficiency
ROCE improving from 6% (Mar 2014) to 15% (Mar 2025). Working capital days: -34.
Valuation
PE 180x with 15.3% ROCE. Price is 863% above book value of ₹29.9. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Change in Management 29 Apr - Mr. Puneet Karade appointed Chief Financial Officer effective 29 April 2026.
- Board Meeting Outcome for Outcome Of Board Meeting 29 Apr - Board appointed Mr. Puneet Karade as CFO effective 29 April 2026.
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015. 24 Apr - Sayaji Hotels admitted to NSE trading from April 20, 2026; company denies undisclosed price-sensitive information.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 23 Apr - Sayaji Hotels confirms it is not a Large Corporate; outstanding borrowing was Rs 36.96 crore on 31 March 2026.
- Announcement under Regulation 30 (LODR)-Change in Management 7 Apr - Shareholders approved Mr. Kayum Razak Dhanani as Non-Executive Non-Independent Director on 7 April 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse