Saj Hotels Ltd.

•

sajresort.comBSE: -NSE: SAJHOTELS

Market Cap₹ 58 Cr.

Current Price

High / Low₹ 80 / 25

Stock P/E20.2

Book Value₹ 74

Price to Book2.61

Dividend Yield0.00 %

ROCE17.1 %

ROE12.0 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.78x)
Company comfortably covers its interest (75.9x coverage)
Company generates healthy free cash flow

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 30.3% versus prior year
Equity base is being diluted - shares outstanding up 578.5%
Working capital days have increased from -98 to 399 days
Operating margins have contracted to 37.8% from 51.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesHospitalityHotel, Resort & Restaurants

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	INDHOTEL	720.50	47.79	102558.29	0.45	390.81	18.67	2339.19	14.61	25.70	28.75
2.	ITCHOTELS	154.10	37.15	32099.12	0.65	1819.10	1260.48	9360.20	1047.73	10.54	31.62
3.	CHALET	877.50	36.39	19216.73	0.23	86.12	-57.60	512.27	-42.73	17.19	45.68
4.	THELEELA	553.65	41.72	18489.58	0.00	48.76	460.27	351.96	28.08	8.97	36.30
5.	EIHOTEL	285.90	25.13	17879.16	0.52	120.31	226.22	656.96	14.54	19.68	26.02
6.	VENTIVE	569.70	27.75	13304.87	0.00	124.18	227.44	542.80	6.97	13.15	35.30
7.	LEMONTREE	105.65	35.65	8370.08	0.00	57.34	19.21	344.61	9.13	18.72	43.36
8.	ITDC	669.05	69.69	5738.40	0.44	9.39	-3.63	90.10	2.68	29.05	9.25
9.	JUNIPER	227.55	30.52	5063.04	0.00	33.26	269.47	249.53	13.04	7.85	34.56
10.	MHRIL	196.95	75.12	3979.74	0.00	-8.56	-219.39	732.81	4.48	42.30	15.36
11.	SAMHI	160.20	7.07	3562.20	0.00	24.93	29.72	305.21	12.12	12.38	32.18
12.	SAJHOTELS	36.10	21.01	58.21	0.00	0.85	-6.19	4.65	-1.48	17.17	33.98

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	4	4	3	4	5	5	4	4	5	5
	3	2	2	2	3	3	3	3	3	3
Operating Profit	0	1	1	2	2	1	0	1	2	2
OPM %	7.93%	40.79%	32.15%	54.09%	33.95%	31.36%	9.24%	35.19%	37.83%	41.72%
	0	0	0	0	1	0	1	1	1	1
Interest	0	0	0	0	0	0	1	1	1	1
Depreciation	0	1	0	0	0	0	1	1	1	1
Profit before Tax	-0	1	1	2	2	1	0	1	2	1
Tax %	100.00%	46.55%	50.00%	18.03%	38.50%	35.51%	38.89%	25.21%	32.47%	33.07%
Net Profit	0	0	0	2	1	1	0	1	1	1
	0.00	0.26	0.23	1.27	0.72	0.55	0.07	0.55	0.64	0.53

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	11	10	11	12	9	5	9	10	14	17	17
	7	8	9	10	6	3	5	5	9	10	11
Operating Profit	3	2	2	2	3	2	4	5	5	6	5
OPM %	30.35%	23.17%	18.70%	18.68%	36.85%	36.22%	48.92%	48.62%	36.13%	37.83%	32.05%
	0	0	0	0	0	0	0	0	0	1	3
Interest	0	1	1	1	1	1	1	0	0	0	2
Depreciation	0	1	1	2	2	1	1	1	2	2	2
Profit before Tax	3	1	0	-0	1	-0	3	4	3	6	4
Tax %	32.96%	37.21%	7.56%	-89.32%	43.32%	-15.24%	22.51%	24.32%	35.01%	32.26%	30.86%
Net Profit	2	1	0	-1	0	-0	2	3	2	4	3
EPS	79.13	27.57	19.39	-24.18	12.98	-20.16	96.97	2.44	1.75	2.36	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 13%
3 Years:: 23%

COMPOUNDED PROFIT GROWTH

10 Years:: 14%
5 Years:: 65%
3 Years:: 18%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -38%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 13%
3 Years:: 16%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2	2	2	2	2	2	2	2	12	16
	18	19	19	19	19	19	21	24	77	101
	3	4	3	10	9	7	9	7	4	2
Trade Payables	0	0	1	1	1	0	0	1	0	1
	1	3	5	4	4	4	3	5	5	5
Total Liabilities	26	29	31	36	35	32	36	39	98	124
	15	23	23	30	28	27	27	35	92	97
Capital Work in Progress	7	1	4	0	0	0	5	1	1	1
	0	0	0	1	1	1	1	0	0	0
Cash & Bank	0	2	0	0	0	1	0	0	1	18
	3	3	4	6	6	4	3	3	4	8
Total Assets	26	29	31	36	35	32	36	39	98	124

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	4	4	3	4	4	3	6	8	3	5
Cash from Investing	-7	-2	-3	-9	-0	0	-6	-4	0	-9
Cash from Financing	3	0	-2	5	-3	-3	2	-3	-3	21
	-1	2	-2	-0	0	0	1	-0	1	17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Sep 2014	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	5.27	62.08	62.09	62.52	63.31	63.93	64.27
	0.00	0.00	0.00	0.00	0.02	0.04	0.04
	0.00	0.00	0.00	0.00	0.12	0.21	0.29
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	94.73	37.92	37.91	37.48	36.55	35.83	35.40

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SAJHOTELS

Loading news…

🤖

AI Stock Analyst

Saj Hotels Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

INDHOTEL

720.50

47.79

102558.29

0.45

390.81

18.67

2339.19

14.61

25.70

28.75

ITCHOTELS

154.10

37.15

32099.12

0.65

1819.10

1260.48

9360.20

1047.73

10.54

31.62

CHALET

877.50

36.39

19216.73

0.23

86.12

-57.60

512.27

-42.73

17.19

45.68

THELEELA

553.65

41.72

18489.58

0.00

48.76

460.27

351.96

28.08

8.97

36.30

EIHOTEL

285.90

25.13

17879.16

0.52

120.31

226.22

656.96

14.54

19.68

26.02

VENTIVE

569.70

27.75

13304.87

0.00

124.18

227.44

542.80

6.97

13.15

35.30

LEMONTREE

105.65

35.65

8370.08

0.00

57.34

19.21

344.61

9.13

18.72

43.36

ITDC

669.05

69.69

5738.40

0.44

9.39

-3.63

90.10

2.68

29.05

9.25

JUNIPER

227.55

30.52

5063.04

0.00

33.26

269.47

249.53

13.04

7.85

34.56

MHRIL

196.95

75.12

3979.74

0.00

-8.56

-219.39

732.81

4.48

42.30

15.36

SAMHI

160.20

7.07

3562.20

0.00

24.93

29.72

305.21

12.12

12.38

32.18

SAJHOTELS

36.10

21.01

58.21

0.00

0.85

-6.19

4.65

-1.48

17.17

33.98

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Operating Profit

OPM %

7.93%

40.79%

32.15%

54.09%

33.95%

31.36%

9.24%

35.19%

37.83%

41.72%

Interest

Depreciation

Profit before Tax

-0

Tax %

100.00%

46.55%

50.00%

18.03%

38.50%

35.51%

38.89%

25.21%

32.47%

33.07%

Net Profit

0.00

0.26

0.23

1.27

0.72

0.55

0.07

0.55

0.64

0.53

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

Operating Profit

OPM %

30.35%

23.17%

18.70%

18.68%

36.85%

36.22%

48.92%

48.62%

36.13%

37.83%

32.05%

Interest

Depreciation

Profit before Tax

-0

Tax %

32.96%

37.21%

7.56%

-89.32%

43.32%

-15.24%

22.51%

24.32%

35.01%

32.26%

30.86%

Net Profit

-1

-0

EPS

79.13

27.57

19.39

-24.18

12.98

-20.16

96.97

2.44

1.75

2.36

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

101

Trade Payables

Total Liabilities

124

Capital Work in Progress

Cash & Bank

Total Assets

124

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Cash from Investing

-7

-2

-3

-9

-0

-6

-4

-9

Cash from Financing

-2

-3

-1

-2

-0

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2014

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

5.27

62.08

62.09

62.52

63.31

63.93

64.27

0.00

0.02

0.04

0.00

0.12

0.21

0.29

Government

0.00

94.73

37.92

37.91

37.48

36.55

35.83

35.40

Saj Hotels Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Saj Hotels Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI