Sinclairs Hotels Limited (SINCLAIR)

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Sinclairs Hotels Limited (SINCLAIR) · mywealthgrid

About

Sinclairs Hotels operates hotels and resorts in leisure services. With ₹382.9 Cr market cap and peak quarterly revenue under ₹21 Cr, scale is constrained; strength lies in capital efficiency—zero debt and 40%+ operating margins in strong seasons. Business is acutely seasonal.

Face value: ₹2

Market cap

₹394 Cr

P/E

36.5×

P/B

3.2×

Dividend yield

ROE

7.6%

ROCE

9.9%

Debt / equity

OPM

32%

EPS (TTM)

₹2.1

Book value

₹23.6

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Extreme earnings volatility tied to seasonality: Sep 2025 operating margin fell to -3.34%, Mar 2026 posted ₹0.86 Cr loss. Verify what drives the Sep collapse and whether it recurs.
Tiny revenue base (~₹20 Cr peak quarterly) limits reinvestment capacity and makes unit economics brittle to cost inflation.
Minimal institutional participation (FII 0.03%, DII 0.17%) risks low trading liquidity and valuation disconnect from fundamentals.
PE of 35.52 against ROE of 7.63% signals expensive valuation; verify whether earnings are improving or multiple is unjustified.

Generated analysis · source review pending

Growth drivers

Jun 2026 revenue ₹20.15 Cr rose 28% YoY from ₹15.69 Cr Jun 2025—verify if driven by room rate increases, higher occupancy, or new properties.
Peak-season margins (41.64% Jun 2026, 40.56% Dec 2025) suggest pricing power or asset efficiency; verify if margins can expand further or are already optimized.
Zero debt (D/E 0) enables capex expansion without financial strain—verify if company is investing in new properties or refurbishment.
Sep quarter collapse (2025 margin -3.34% vs 2024's 9.41%) suggests cyclical recovery potential if underlying cause is structural, not operational—verify.

Generated analysis · source review pending

1,555 historical price candles were omitted because the exchange source has not been verified.

₹76.7-0.9%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 32%
+Profit CAGR of 20.9% over the last 5 years
+Revenue CAGR of 28% over the last 5 years
+Almost debt-free (debt/equity 0)
+Dividend payout of 38.1% of profit
+High promoter holding of 64% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

50/100

Business quality: 49
Growth: 52
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

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	36	45	46	46	45	17	30	54	56	53	59
COGS	—	—	—	—	-6	2	4	7	8	8	8
Gross profit	—	—	—	—	—	15	27	47	48	45	51
	22	27	27	28	34	11	16	25	26	27	32
	14	18	19	18	17	4	11	22	22	18	19
OPM %	38.2%	40%	41.5%	38.9%	37%	25.1%	36.1%	40.6%	39.6%	34.3%	32%
Depreciation	7	8	7	8	7	5	5	5	5	5	7
Interest	—	—	—	—	—	1	1	1	1	2	3
	1	2	2	4	2	6	4	22	9	6	3
Profit before tax	11	14	14	14	12	4	9	38	25	18	12
Tax	4	5	2	4	2	1	2	7	5	4	3
Tax %	36.7%	35.4%	15.8%	30.8%	19.5%	17%	23.8%	18.8%	19.2%	21.5%	24.1%
	7	9	12	10	9	4	7	31	21	14	9
PAT margin %	19.5%	20%	25.6%	21.3%	20.9%	20.3%	23.5%	58.1%	36.8%	26.2%	15.3%
EPS (₹)	12.7	16.2	21.1	17.5	18.2	1.3	—	—	3.9	2.7	1.8
EPS adjusted (₹)	—	—	—	—	1.7	0.6	1.3	5.8	4	2.7	1.8
	31.6%	24.7%	19%	34.3%	4.4%	63.5%	—	—	25.8%	29.3%	45.2%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	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	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	5	10	10	10
Reserves	—	102	107	123	97	106	111
Minority interest	—	—	—	—	0	—	0
	—	0	0	0	0	0	0
	—	23	23	24	22	33	46
Total equity & liabilities	—	131	135	152	129	149	167
	58	64	61	55	51	60	74
CWIP	—	0	0	—	0	—	0
Investments	—	62	70	92	72	79	87
	—	4	5	5	7	10	6
Total assets	—	131	135	152	129	149	167

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	87.3%	87.4%	87.3%	86.4%	84.9%	85.8%
EBITDA margin %	38.9%	37%	25.1%	36.1%	40.6%	39.6%	34.3%	32%
EBIT margin %	22.4%	22.2%	-6.4%	21.1%	31.8%	30.8%	24.9%	19.7%
PAT margin %	21.3%	20.9%	20.3%	23.5%	58.1%	36.8%	26.2%	15.3%
Working capital
Receivable days	—	—	11	9	9	7	9	9
Inventory days	—	—	33	39	18	14	18	11
Payable days	—	—	0	0	115	88	78	84
NWC days	—	—	44	48	-88	-66	-50	-64
Leverage
Current ratio	—	—	13.01	8.86	11.14	8.73	10.94	7.52
Debt to EBITDA	—	—	0	0	0	0	0	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	—	9	9.8	18.6	25.2	11.7	5.1
Asset turnover	—	—	0.13	0.22	0.35	0.43	0.36	0.35
Return ratios
Return on assets %	—	—	2.7%	5.3%	20.5%	15.9%	9.4%	5.4%
Return on capital employed %	—	—	3.8%	8.2%	15.1%	19.8%	14.8%	9.9%
Return on equity %	—	—	3.3%	6.3%	24.3%	19.1%	12.1%	7.5%

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.

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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
	62.78%	62.66%	62.66%	62.66%	62.66%	62.66%	62.66%	62.66%	62.66%	62.66%	63.6%	64.01%
	0.05%	0.05%	0.05%	0.15%	0.06%	0.07%	0.01%	0.01%	0.4%	0.04%	0.03%	0.03%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.12%	0.17%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	37.17%	37.29%	37.29%	37.19%	37.28%	37.27%	37.33%	37.33%	36.94%	37.3%	36.25%	35.79%
No. of shareholders	—	—	—	—	—	—	—	—	18,289	17,637	17,247	16,889

Promoter holding up 1.23 percentage points since Sep 2023.

4 deals · 22 May 2023 – 16 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Jan 2024	ZAKI ABBAS NASSER	Bulk	BSE	Sell	1,55,000	₹300.99	₹4.67 Cr
27 Jul 2023	ADITYA DEORAH	Bulk	BSE	Sell	1,90,087	₹150.01	₹2.85 Cr
26 Jul 2023	ADITYA DEORAH	Bulk	BSE	Sell	3,63,483	₹150.05	₹5.45 Cr
22 May 2023	ZAKI ABBAS NASSER	Bulk	BSE	Buy	1,60,000	₹125.96	₹2.02 Cr

1–4 of 4

1 / 1

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. NAVIN CHAND SUCHANTINon-Executive - Non Independent Director-Chairperson
Mr. Swajib ChatterjeeManager & Chief Operating Officer
Mr. NIREN CHAND SUCHANTINon-Executive - Non Independent Director
Mrs. PRAMINA SUCHANTINon-Executive - Non Independent Director
Mr. SANJEEV KUMAR KHANDELWALNon-Executive - Independent Director
Mr. SUSHIL KUMAR MORNon-Executive - Independent Director
Mr. VIVEK GOENKANon-Executive - Independent Director
Mr. B L SoniChief Financial Officer
Mr. DIPAK KUMAR SHAWCompany Secretary & Compliance Officer

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

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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.

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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 Sinclairs Hotels Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

22 Sept 2026, 3:41 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

18 Sept 2026, 10:41 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

16 Sept 2026, 3:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

16 Sept 2026, 3:44 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

15 Sept 2026, 5:16 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

11 Sept 2026, 2:52 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

9 Sept 2026, 1:25 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

7 Sept 2026, 3:36 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

Date	Category	Subject	Filing
22 Sept 2026, 3:41 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
18 Sept 2026, 10:41 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	87.3%	87.4%	87.3%	86.4%	84.9%	85.8%
EBITDA margin %	38.9%	37%	25.1%	36.1%	40.6%	39.6%	34.3%	32%
EBIT margin %	22.4%	22.2%	-6.4%	21.1%	31.8%	30.8%	24.9%	19.7%
PAT margin %	21.3%	20.9%	20.3%	23.5%	58.1%	36.8%	26.2%	15.3%
Working capital
Receivable days	—	—	11	9	9	7	9	9
Inventory days	—	—	33	39	18	14	18	11
Payable days	—	—	0	0	115	88	78	84
NWC days	—	—	44	48	-88	-66	-50	-64
Leverage
Current ratio	—	—	13.01	8.86	11.14	8.73	10.94	7.52
Debt to EBITDA	—	—	0	0	0	0	0	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	—	9	9.8	18.6	25.2	11.7	5.1
Asset turnover	—	—	0.13	0.22	0.35	0.43	0.36	0.35
Return ratios
Return on assets %	—	—	2.7%	5.3%	20.5%	15.9%	9.4%	5.4%
Return on capital employed %	—	—	3.8%	8.2%	15.1%	19.8%	14.8%	9.9%
Return on equity %	—	—	3.3%	6.3%	24.3%	19.1%	12.1%	7.5%

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

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	8	18	15	11	21
	-1	-5	-1	29	-3	-9
	-3	-3	-17	-44	-8	-12
Net cash flow	-0	0	0	1	-0	-0
Free cash flow	3	7	12	15	8	19
CFO / Operating profit %	76.3%	76.6%	81.7%	70.1%	57.9%	110.3%

Sinclairs 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

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

17

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Sinclairs 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

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Dividends17

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

17

1

1