Sayaji Hotels Limited (SAYAJIHOTL)

Loading page…

Sayaji Hotels Limited (SAYAJIHOTL) · mywealthgrid

About

Sayaji Hotels operates hotels and resorts in the leisure services segment. Based on recent data, it operates at a scale of ₹572.25 Cr market capitalisation with quarterly revenues historically in the ₹30–₹60 Cr range when operating normally. The company is highly concentrated, with promoters holding 67% and minimal institutional participation.

Face value: ₹10

Market cap

₹534 Cr

P/E

256.6×

P/B

3.3×

Dividend yield

ROE

1.3%

ROCE

9.6%

Debt / equity

0.2

OPM

25.8%

EPS (TTM)

₹1.2

Book value

₹91.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme valuation (PE 275.12) leaves little room for error; compare against consensus earnings estimates to assess whether current profitability is sustainable.
Operating leverage works both ways: OPM swung from +30% to –667% across quarters (Jun 2020); hospitality's fixed-cost structure means revenue shocks hit profit hard.
Promoter concentration (67%) with minimal institutional holding (0% FII); verify whether this reflects governance confidence or limits the addressable investor base.
Last filed quarterly data shown is from 2021; verify FY2025–FY2026 earnings, occupancy trends, and cash position before relying on historical ROE (1.31%) and debt ratios.

Generated analysis · source review pending

Growth drivers

Operating margin of 25.77% provides a base for earnings growth if room revenue (occupancy/tariffs) expands; verify trend in average daily rate and occupancy versus 2019 baseline to confirm recovery.
Debt-to-equity ratio of 0.2 signals financial capacity; verify whether management is deploying this to add capacity (new properties, rooms) or if conservative stance reflects market caution.
Leisure services sector could benefit from discretionary-spend recovery in India; verify whether advance bookings, corporate events, and leisure travel are showing pickup versus historical seasonal patterns.

Generated analysis · source review pending

2,181 historical price candles were omitted because the exchange source has not been verified.

₹305.0+0.3%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 25.8%
+High promoter holding of 66.8% with no pledge

Cons

−Low return on equity of 7.8% (3-yr avg)
−Profit declined 60.2% a year over the last 3 years
−Revenue shrank over the last 3 years (-5.4% a year)
−Expensive at 256.6× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

24/100

Business quality: 37
Growth: 0
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	77	163	115	112	138
COGS	15	29	20	17	22
Gross profit	62	134	95	95	117
	50	87	62	58	81
Operating profit (EBITDA)	11	47	33	37	36
OPM %	14.9%	29%	28.8%	33.3%	25.8%
Depreciation	28	24	10	11	15
Interest	22	20	8	7	10
	10	52	3	5	3
Profit before tax	-58	46	48	19	5
Tax	-6	13	13	5	3
Tax %	-9.6%	28.5%	26.8%	25.4%	58.7%
	-53	33	35	14	2
PAT margin %	-68.2%	20.3%	30.5%	12.8%	1.5%
EPS (₹)	-30.7	18.3	18.7	3.6	1.2
EPS adjusted (₹)	-30	18.9	20	8.2	1.2
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	18	18	18	18	18	18	18	18	18
Reserves	109	126	121	—	90	197	231	141	142
Minority interest	5	5	5	—	—	—	—	—	—
	103	115	104	—	62	49	21	0	32
	86	75	84	259	154	114	101	70	140
Total equity & liabilities	321	338	332	277	323	378	371	229	332
	152	161	154	272	200	166	150	51	155
CWIP	33	0	2	—	0	0	1	1	1
Investments	62	89	83	—	49	115	127	127	108
	74	88	93	5	74	97	93	50	69
Total assets	321	338	332	277	323	378	371	229	332

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	79.9%	82.3%	82.7%	85%	84.3%
EBITDA margin %	14.9%	29%	28.8%	33.3%	25.8%
EBIT margin %	-21.1%	14.2%	20%	23%	14.7%
PAT margin %	-68.2%	20.3%	30.5%	12.8%	1.5%
Working capital
Receivable days	18	16	34	23	27
Inventory days	387	125	162	56	109
Payable days	278	116	238	116	105
NWC days	127	25	-42	-37	31
Leverage
Current ratio	0.73	1.49	1.37	1.95	0.85
Debt to EBITDA	5.41	1.03	0.65	0.01	0.89
Debt to equity	0.58	0.23	0.09	0	0.2
Interest coverage	-0.3	1.6	3.3	4.1	2.3
Asset turnover	0.24	0.43	0.31	0.49	0.42
Return ratios
Return on assets %	-16.3%	8.7%	9.5%	6.3%	0.6%
Return on capital employed %	-2.4%	10.6%	7.9%	11.4%	9.6%
Return on equity %	-49%	15.4%	14.1%	9%	1.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%	65.84%	65.84%	66.82%	66.82%	66.82%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.03%	25.03%	25.03%	25.03%	25.03%	25.03%	25.03%	34.14%	34.14%	33.16%	33.16%	33.16%
No. of shareholders	—	—	—	—	—	—	—	—	3,731	3,682	3,617	3,585

Promoter holding down 8.13 percentage points since Sep 2023.

11 deals · 24 Dec 2021 – 16 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Jun 2026	AZHAR YUSUF DHANANI	Bulk	BSE	Buy	6,22,165	₹302.50	₹18.82 Cr
16 Jun 2026	SANYA DHANANI	Bulk	BSE	Sell	5,94,100	₹302.50	₹17.97 Cr
22 Dec 2025	ZUBER YUSUF DHANANI	Bulk	BSE	Buy	7,28,061	₹268.00	₹19.51 Cr
22 Dec 2025	ZOYA DHANANI	Bulk	BSE	Sell	7,27,961	₹268.00	₹19.51 Cr
22 Dec 2025	ZUBER YUSUF DHANANI	Bulk	BSE	Sell	28,020	₹272.00	₹0.76 Cr
25 Nov 2025	ROHINIBEN UDAR	Bulk	BSE	Sell	1,46,500	₹288.51	₹4.23 Cr
25 Nov 2025	ZUBER YUSUF DHANANI	Bulk	BSE	Buy	1,46,158	₹289.30	₹4.23 Cr
24 Dec 2021	KAYUM RAZAK DHANANI	Block	BSE	Sell	4,00,000	₹250.10	₹10.00 Cr
24 Dec 2021	ANISHA RAOOF DHANANI	Block	BSE	Buy	4,00,000	₹250.10	₹10.00 Cr
24 Dec 2021	KAYUM RAZAK DHANANI	Bulk	BSE	Sell	4,00,000	₹250.10	₹10.00 Cr

1–10 of 11

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Nimeshkumar Natwarlal GandhiNon-Executive - Independent Director-Chairperson
Mr. Raoof Razak DhananiExecutive Director-MD
Mr. Mohammed Yusuf Abdul Razak DhananiNon-Executive - Non Independent Director
Mr. Kayum Razak DhananiNon-Executive - Non Independent Director
Mr. Saquib Salim AgboatwalaNon-Executive - Independent Director
Mrs. Isha GargNon-Executive - Independent Director
Mr. Puneet KaradeChief Financial Officer, Company Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Sayaji Hotels Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results6 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

17 announcementsExport CSV

30 Sept 2026, 6:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Director

Resignation of Director

Loading announcements…

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	79.9%	82.3%	82.7%	85%	84.3%
EBITDA margin %	14.9%	29%	28.8%	33.3%	25.8%
EBIT margin %	-21.1%	14.2%	20%	23%	14.7%
PAT margin %	-68.2%	20.3%	30.5%	12.8%	1.5%
Working capital
Receivable days	18	16	34	23	27
Inventory days	387	125	162	56	109
Payable days	278	116	238	116	105
NWC days	127	25	-42	-37	31
Leverage
Current ratio	0.73	1.49	1.37	1.95	0.85
Debt to EBITDA	5.41	1.03	0.65	0.01	0.89
Debt to equity	0.58	0.23	0.09	0	0.2
Interest coverage	-0.3	1.6	3.3	4.1	2.3
Asset turnover	0.24	0.43	0.31	0.49	0.42
Return ratios
Return on assets %	-16.3%	8.7%	9.5%	6.3%	0.6%
Return on capital employed %	-2.4%	10.6%	7.9%	11.4%	9.6%
Return on equity %	-49%	15.4%	14.1%	9%	1.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
The Indian Hotels Company LimitedINDHOTELINDHOTEL	₹1,02,200 Cr	₹1,02,251 Cr	₹9,987 Cr	₹3,291 Cr	33%	₹2,146 Cr	23.2%	17%	17.2%	-191
Itc Hotels LimitedITCHOTELSITCHOTELS	₹33,018 Cr	₹33,019 Cr	₹4,260 Cr	₹1,471 Cr	34.4%	₹864 Cr	19.8%	10.2%	7.3%	600
Leela Palaces Hotels & Resorts LimitedTHELEELATHELEELA	₹19,003 Cr	₹20,560 Cr	₹1,604 Cr	₹785 Cr	48.6%	₹298 Cr	26.4%	8.4%	0.5%	-147
Eih LimitedEIHOTELEIHOTEL	₹18,628 Cr	₹18,628 Cr	₹3,023 Cr	₹1,030 Cr	34.8%	₹712 Cr	22.4%	18.6%	12.7%	-295
Chalet Hotels LimitedCHALETCHALET	₹18,182 Cr	₹20,506 Cr	₹2,387 Cr	₹1,064 Cr	42.9%	₹528 Cr	23.3%	18.4%	19.1%	80
Ventive Hospitality LimitedVENTIVEVENTIVE	₹12,894 Cr	₹14,929 Cr	₹2,496 Cr	₹1,079 Cr	44.4%	₹588 Cr	20.4%	10.2%	9.7%	-201
Lemon Tree Hotels LimitedLEMONTREELEMONTREE	₹8,530 Cr	₹10,533 Cr	₹1,473 Cr	₹700 Cr	47.9%	₹235 Cr	20%	14.6%	17.8%	-200
India Tourism Development Corporation LimitedITDCITDC	₹5,711 Cr	₹5,711 Cr	₹535 Cr	₹91 Cr	17.2%	₹82 Cr	15.5%	28.5%	21.6%	-47
Juniper Hotels LimitedJUNIPERJUNIPER	₹4,784 Cr	₹5,522 Cr	₹1,076 Cr	₹429 Cr	40.3%	₹166 Cr	13.5%	8.1%	5.1%	-32
Mahindra Holidays & Resorts India LimitedMHRILMHRIL	₹3,938 Cr	₹5,172 Cr	₹3,023 Cr	₹607 Cr	20.6%	₹54 Cr	2.2%	3.8%	8.9%	227
Samhi Hotels LimitedSAMHISAMHI	₹3,429 Cr	₹5,137 Cr	₹1,281 Cr	₹439 Cr	34.6%	₹504 Cr	45.4%	9.1%	30.3%	-321
Oriental Hotels LimitedORIENTHOTORIENTHOT	₹2,500 Cr	₹2,597 Cr	₹498 Cr	₹130 Cr	26.8%	₹67 Cr	13.8%	13.1%	12.7%	-164

Date	Category	Subject	Filing
30 Sept 2026, 6:26 pm	Company Update Resignation of Director	Announcement under Regulation 30 (LODR)-Resignation of Director	PDF
28 Sept 2026, 5:45 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
4 Sept 2026, 7:37 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
4 Sept 2026, 2:58 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
25 Aug 2026, 5:52 pm	Company Update General	Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 Of Entering Into Hotel Management Agreement.	PDF
18 Aug 2026, 6:14 pm	AGM/EGM AGM	Intimation For Dispatch Of Letters To The Shareholders	PDF
13 Aug 2026, 6:30 pm	AGM/EGM AGM	Newspaper Publication Of "Post Dispatch Of Notice Of AGM"	PDF
11 Aug 2026, 7:13 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	38	29	37	50	13	34	38	47	28
	-6	-10	-14	1	5	46	-10	4	-33
	-18	-19	-33	-46	-26	-50	-53	-51	7
Net cash flow	15	0	-11	6	-7	29	-25	0	2
Free cash flow	24	16	17	43	11	32	33	47	-12
CFO / Operating profit %	—	—	—	—	115.7%	71.4%	113.3%	127.3%	79%

Sayaji Hotels Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Sayaji Hotels Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1