Saj Hotels Ltd.
•₹ 420%
2026-08-21
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | INDHOTEL | 724.00 | 48.02 | 103056.49 | 0.45 | 390.81 | 18.67 | 2339.19 | 14.61 | 25.70 | 28.75 |
| 2. | ITCHOTELS | 163.55 | 39.43 | 34067.08 | 0.61 | 1819.10 | 1260.48 | 9360.20 | 1047.73 | 10.54 | 31.62 |
| 3. | EIHOTEL | 297.55 | 26.15 | 18607.71 | 0.50 | 120.31 | 226.22 | 656.96 | 14.54 | 19.68 | 26.02 |
| 4. | CHALET | 848.25 | 35.17 | 18576.18 | 0.24 | 86.12 | -57.60 | 512.27 | -42.73 | 11.41 | 45.68 |
| 5. | THELEELA | 532.65 | 40.14 | 17788.27 | 0.00 | 48.76 | 460.27 | 351.96 | 28.08 | 8.97 | 36.30 |
| 6. | VENTIVE | 588.30 | 28.66 | 13739.25 | 0.00 | 124.18 | 227.44 | 542.80 | 6.97 | 13.15 | 35.30 |
| 7. | LEMONTREE | 108.10 | 36.47 | 8564.18 | 0.00 | 57.34 | 19.21 | 344.61 | 9.13 | 17.75 | 43.36 |
| 8. | ITDC | 683.05 | 71.14 | 5858.48 | 0.43 | 9.39 | -3.63 | 90.10 | 2.68 | 29.74 | 9.25 |
| 9. | MHRIL | 219.60 | 83.76 | 4437.15 | 0.00 | -8.56 | -219.39 | 732.81 | 4.48 | 42.30 | 15.36 |
| 10. | JUNIPER | 197.90 | 26.55 | 4403.32 | 0.00 | 33.26 | 269.47 | 249.53 | 13.04 | 7.85 | 34.56 |
| 11. | SAMHI | 159.50 | 7.04 | 3546.64 | 0.00 | 24.93 | 29.72 | 305.21 | 12.12 | 12.38 | 32.18 |
| 12. | SAJHOTELS | 42.00 | 24.45 | 67.72 | 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 | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| -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 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | |
| Equity Capital | 12 | 12 | 12 | 12 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 12 | 12 | 12 | 12 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Dec 2023
- 4
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 100.00%
- Net Profit
- 0
- 0
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 4
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 1
- Tax %
- 46.55%
- Net Profit
- 0
- 0
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 3
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 50.00%
- Net Profit
- 0
- 0
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 4
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 18.03%
- Net Profit
- 2
- 1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 5
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 38.50%
- Net Profit
- 1
- 1
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 5
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 35.51%
- Net Profit
- 1
- 1
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 4
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 0
- Tax %
- 38.89%
- Net Profit
- 0
- 0
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 4
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 1
- Tax %
- 25.21%
- Net Profit
- 1
- 1
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 5
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 2
- Tax %
- 32.47%
- Net Profit
- 1
- 1
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 5
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 1
- Tax %
- 33.07%
- Net Profit
- 1
- 1
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 3 | 2 | 3 | 4 | 2 | 5 | 5 | 5 | 8 | — |
| OPM % | 31 | 26 | 19 | 23 | 40 | 42 | 51 | 49 | 38 | 45 | — |
| Other Income | 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 |
| 3 | 1 | 0 | -0 | 1 | -0 | 3 | 4 | 3 | 6 | 4 | |
| Tax % | 33 | 37 | 8 | -89 | 43 | -15 | 23 | 24 | 35 | 32 | 31 |
| Net Profit | 2 | 1 | 0 | -1 | 0 | -0 | 2 | 3 | 2 | 4 | 3 |
| EPS | 79 | 28 | 19 | -24 | 13 | -20 | 97 | 2 | 2 | 2 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 1 | 0 | -0 | 0 | -0 | 2 | 2 | 2 | 2 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 1 | 0 | -0 | 0 | -0 | 2 | 2 | 2 | 2 | — |
Mar 2016
- 11
- 7
- Operating Profit
- 3
- OPM %
- 31
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 3
- Tax %
- 33
- Net Profit
- 2
- EPS
- 79
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2017
- 10
- 8
- Operating Profit
- 3
- OPM %
- 26
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 1
- Tax %
- 37
- Net Profit
- 1
- EPS
- 28
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 11
- 9
- Operating Profit
- 2
- OPM %
- 19
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 0
- Tax %
- 8
- Net Profit
- 0
- EPS
- 19
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 12
- 10
- Operating Profit
- 3
- OPM %
- 23
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- -0
- Tax %
- -89
- Net Profit
- -1
- EPS
- -24
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2020
- 9
- 6
- Operating Profit
- 4
- OPM %
- 40
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 1
- Tax %
- 43
- Net Profit
- 0
- EPS
- 13
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 5
- 3
- Operating Profit
- 2
- OPM %
- 42
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- -0
- Tax %
- -15
- Net Profit
- -0
- EPS
- -20
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2022
- 9
- 5
- Operating Profit
- 5
- OPM %
- 51
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 3
- Tax %
- 23
- Net Profit
- 2
- EPS
- 97
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 10
- 5
- Operating Profit
- 5
- OPM %
- 49
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 4
- Tax %
- 24
- Net Profit
- 3
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2024
- 14
- 9
- Operating Profit
- 5
- OPM %
- 38
- Other Income
- 0
- Interest
- 0
- Depreciation
- 2
- 3
- Tax %
- 35
- Net Profit
- 2
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2025
- 17
- 10
- Operating Profit
- 8
- OPM %
- 45
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 6
- Tax %
- 32
- Net Profit
- 4
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
TTM
- 17
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 2
- 4
- Tax %
- 31
- Net Profit
- 3
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 12 | 16 |
| 18 | 19 | 19 | 19 | 19 | 19 | 21 | 24 | 77 | 101 | |
| 1 | 1 | 1 | 2 | 2 | 4 | 7 | 6 | 2 | 0 | |
| Trade Payables | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 1 |
| 4 | 6 | 6 | 13 | 11 | 7 | 5 | 7 | 6 | 7 | |
| Total Liabilities | 26 | 29 | 31 | 36 | 35 | 32 | 36 | 39 | 98 | 124 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 3 | 6 | 4 | 12 | 11 | 9 | 10 | 6 | 3 | 0 |
| Net Working Capital | -2 | -2 | -5 | -6 | -5 | -6 | -8 | -8 | -4 | 18 |
| Contingent Liabilities | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 48 | 36 | 54 |
| Book Value per Share | 349.55 | 377.12 | 396.50 | 372.33 | 385.31 | 365.15 | 462.12 | 584.28 | 14.77 | 28.48 |
| Face Value | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 10.00 | 10.00 |
| Total Debt | 3 | 6 | 4 | 12 | 11 | 9 | 10 | 6 | 3 | 0 |
| Net Working Capital | -2 | -2 | -5 | -6 | -5 | -6 | -8 | -8 | -4 | 18 |
| Contingent Liabilities | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 48 | 36 | 54 |
| Book Value per Share | 349.55 | 377.12 | 396.50 | 372.33 | 385.31 | 365.15 | 462.12 | 584.28 | 14.77 | 28.48 |
| Face Value | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 2
- 18
- 1
- Trade Payables
- 0
- 4
- Total Liabilities
- 26
- 15
- Capital Work in Progress
- 7
- 0
- Cash & Bank
- 0
- 3
- Total Assets
- 26
- Total Debt
- 3
- Net Working Capital
- -2
- Contingent Liabilities
- 0
- Book Value per Share
- 349.55
- Face Value
- 100.00
- Total Debt
- 3
- Net Working Capital
- -2
- Contingent Liabilities
- 0
- Book Value per Share
- 349.55
- Face Value
- 100.00
Mar 2017
- Equity Capital
- 2
- 19
- 1
- Trade Payables
- 0
- 6
- Total Liabilities
- 29
- 23
- Capital Work in Progress
- 1
- 0
- Cash & Bank
- 2
- 3
- Total Assets
- 29
- Total Debt
- 6
- Net Working Capital
- -2
- Contingent Liabilities
- 1
- Book Value per Share
- 377.12
- Face Value
- 100.00
- Total Debt
- 6
- Net Working Capital
- -2
- Contingent Liabilities
- 1
- Book Value per Share
- 377.12
- Face Value
- 100.00
Mar 2018
- Equity Capital
- 2
- 19
- 1
- Trade Payables
- 1
- 6
- Total Liabilities
- 31
- 23
- Capital Work in Progress
- 4
- 0
- Cash & Bank
- 0
- 4
- Total Assets
- 31
- Total Debt
- 4
- Net Working Capital
- -5
- Contingent Liabilities
- 1
- Book Value per Share
- 396.50
- Face Value
- 100.00
- Total Debt
- 4
- Net Working Capital
- -5
- Contingent Liabilities
- 1
- Book Value per Share
- 396.50
- Face Value
- 100.00
Mar 2019
- Equity Capital
- 2
- 19
- 2
- Trade Payables
- 1
- 13
- Total Liabilities
- 36
- 30
- Capital Work in Progress
- 0
- 1
- Cash & Bank
- 0
- 6
- Total Assets
- 36
- Total Debt
- 12
- Net Working Capital
- -6
- Contingent Liabilities
- 1
- Book Value per Share
- 372.33
- Face Value
- 100.00
- Total Debt
- 12
- Net Working Capital
- -6
- Contingent Liabilities
- 1
- Book Value per Share
- 372.33
- Face Value
- 100.00
Mar 2020
- Equity Capital
- 2
- 19
- 2
- Trade Payables
- 1
- 11
- Total Liabilities
- 35
- 28
- Capital Work in Progress
- 0
- 1
- Cash & Bank
- 0
- 6
- Total Assets
- 35
- Total Debt
- 11
- Net Working Capital
- -5
- Contingent Liabilities
- 1
- Book Value per Share
- 385.31
- Face Value
- 100.00
- Total Debt
- 11
- Net Working Capital
- -5
- Contingent Liabilities
- 1
- Book Value per Share
- 385.31
- Face Value
- 100.00
Mar 2021
- Equity Capital
- 2
- 19
- 4
- Trade Payables
- 0
- 7
- Total Liabilities
- 32
- 27
- Capital Work in Progress
- 0
- 1
- Cash & Bank
- 1
- 4
- Total Assets
- 32
- Total Debt
- 9
- Net Working Capital
- -6
- Contingent Liabilities
- 0
- Book Value per Share
- 365.15
- Face Value
- 100.00
- Total Debt
- 9
- Net Working Capital
- -6
- Contingent Liabilities
- 0
- Book Value per Share
- 365.15
- Face Value
- 100.00
Mar 2022
- Equity Capital
- 2
- 21
- 7
- Trade Payables
- 0
- 5
- Total Liabilities
- 36
- 27
- Capital Work in Progress
- 5
- 1
- Cash & Bank
- 0
- 3
- Total Assets
- 36
- Total Debt
- 10
- Net Working Capital
- -8
- Contingent Liabilities
- 0
- Book Value per Share
- 462.12
- Face Value
- 100.00
- Total Debt
- 10
- Net Working Capital
- -8
- Contingent Liabilities
- 0
- Book Value per Share
- 462.12
- Face Value
- 100.00
Mar 2023
- Equity Capital
- 2
- 24
- 6
- Trade Payables
- 1
- 7
- Total Liabilities
- 39
- 35
- Capital Work in Progress
- 1
- 0
- Cash & Bank
- 0
- 3
- Total Assets
- 39
- Total Debt
- 6
- Net Working Capital
- -8
- Contingent Liabilities
- 48
- Book Value per Share
- 584.28
- Face Value
- 100.00
- Total Debt
- 6
- Net Working Capital
- -8
- Contingent Liabilities
- 48
- Book Value per Share
- 584.28
- Face Value
- 100.00
Mar 2024
- Equity Capital
- 12
- 77
- 2
- Trade Payables
- 0
- 6
- Total Liabilities
- 98
- 92
- Capital Work in Progress
- 1
- 0
- Cash & Bank
- 1
- 4
- Total Assets
- 98
- Total Debt
- 3
- Net Working Capital
- -4
- Contingent Liabilities
- 36
- Book Value per Share
- 14.77
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- -4
- Contingent Liabilities
- 36
- Book Value per Share
- 14.77
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 16
- 101
- 0
- Trade Payables
- 1
- 7
- Total Liabilities
- 124
- 97
- Capital Work in Progress
- 1
- 0
- Cash & Bank
- 18
- 8
- Total Assets
- 124
- Total Debt
- 0
- Net Working Capital
- 18
- Contingent Liabilities
- 54
- Book Value per Share
- 28.48
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 18
- Contingent Liabilities
- 54
- Book Value per Share
- 28.48
- Face Value
- 10.00
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 | 3 | 3 | 5 | 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 | |
| Free Cash Flow | -3 | 2 | 0 | -1 | 3 | 3 | -1 | 3 | -77 | -3 |
| OCF / Net Profit | 2.04 | 5.35 | 6.93 | -6.48 | 11.16 | -6.74 | 2.38 | 2.62 | 1.62 | 1.23 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1 | 7 | 5 | 8 | -68 | -74 |
| OCF / Net Profit | 2.04 | 5.35 | 6.93 | -6.48 | 11.16 | -6.74 | 2.38 | 2.62 | 1.62 | 1.23 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1 | 7 | 5 | 8 | -68 | -74 |
Mar 2016
- 4
- Cash from Investing
- -7
- Cash from Financing
- 3
- -1
- Free Cash Flow
- -3
- OCF / Net Profit
- 2.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.04
- Cumulative 5-Year FCF
- 0
Mar 2017
- 4
- Cash from Investing
- -2
- Cash from Financing
- 0
- 2
- Free Cash Flow
- 2
- OCF / Net Profit
- 5.35
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.35
- Cumulative 5-Year FCF
- 0
Mar 2018
- 3
- Cash from Investing
- -3
- Cash from Financing
- -2
- -2
- Free Cash Flow
- 0
- OCF / Net Profit
- 6.93
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 6.93
- Cumulative 5-Year FCF
- 0
Mar 2019
- 4
- Cash from Investing
- -9
- Cash from Financing
- 5
- -0
- Free Cash Flow
- -1
- OCF / Net Profit
- -6.48
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -6.48
- Cumulative 5-Year FCF
- 0
Mar 2020
- 3
- Cash from Investing
- -0
- Cash from Financing
- -3
- 0
- Free Cash Flow
- 3
- OCF / Net Profit
- 11.16
- Cumulative 5-Year FCF
- 1
- OCF / Net Profit
- 11.16
- Cumulative 5-Year FCF
- 1
Mar 2021
- 3
- Cash from Investing
- 0
- Cash from Financing
- -3
- 0
- Free Cash Flow
- 3
- OCF / Net Profit
- -6.74
- Cumulative 5-Year FCF
- 7
- OCF / Net Profit
- -6.74
- Cumulative 5-Year FCF
- 7
Mar 2022
- 5
- Cash from Investing
- -6
- Cash from Financing
- 2
- 1
- Free Cash Flow
- -1
- OCF / Net Profit
- 2.38
- Cumulative 5-Year FCF
- 5
- OCF / Net Profit
- 2.38
- Cumulative 5-Year FCF
- 5
Mar 2023
- 8
- Cash from Investing
- -4
- Cash from Financing
- -3
- -0
- Free Cash Flow
- 3
- OCF / Net Profit
- 2.62
- Cumulative 5-Year FCF
- 8
- OCF / Net Profit
- 2.62
- Cumulative 5-Year FCF
- 8
Mar 2024
- 3
- Cash from Investing
- 0
- Cash from Financing
- -3
- 1
- Free Cash Flow
- -77
- OCF / Net Profit
- 1.62
- Cumulative 5-Year FCF
- -68
- OCF / Net Profit
- 1.62
- Cumulative 5-Year FCF
- -68
Mar 2025
- 5
- Cash from Investing
- -9
- Cash from Financing
- 21
- 17
- Free Cash Flow
- -3
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- -74
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- -74
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 79.13 | 27.57 | 19.39 | -24.18 | 12.98 | -20.16 | 96.97 | 122.16 | 1.75 | 2.36 |
| Book Value (₹) | 349.55 | 377.12 | 396.50 | 372.33 | 385.31 | 365.15 | 462.12 | 584.28 | 14.77 | 28.48 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.96 | 1.06 | 0.85 | 0.89 | 1.58 | 0.53 | 2.89 | 3.36 | 3.57 | 3.54 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 31.27% | 26.35% | 19.21% | 22.55% | 39.57% | 42.10% | 51.02% | 49.35% | 36.13% | 37.83% |
| Net Margin % | 17.69% | 6.60% | 4.30% | -4.62% | 3.40% | -9.42% | 25.33% | 28.17% | 14.56% | 22.67% |
| ROE % | 25.53% | 7.59% | 5.01% | -6.29% | 3.43% | -5.37% | 23.44% | 23.35% | 13.21% | 12.01% |
| ROCE % | 32.38% | 15.39% | 10.48% | 6.63% | 9.77% | 5.43% | 18.44% | 19.76% | 16.24% | 17.09% |
| 8.23% | 2.41% | 1.55% | -1.72% | 0.87% | -1.42% | 6.75% | 7.72% | 3.02% | 3.42% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 1 | 1 | 4 | 7 | 11 | 16 | 5 | 2 | 2 | 4 |
| Inventory Days | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 3 | 3 |
| Payable Days | 79 | 100 | 201 | 193 | 279 | 502 | 227 | 290 | 168 | 147 |
| -78 | -99 | -196 | -185 | -266 | -484 | -222 | -286 | -164 | -140 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.35x | 0.66x | 0.47x | 1.41x | 1.20x | 1.03x | 0.87x | 0.44x | 0.17x | 0.01x |
| Interest Coverage (x) | 39.50x | 2.08x | 1.49x | 0.79x | 1.37x | 0.71x | 6.52x | 24.18x | 35.67x | 75.88x |
| 0.30x | 0.57x | 0.22x | 0.15x | 0.26x | 0.30x | 0.24x | 0.29x | 0.47x | 4.35x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 9.80% | -6.67% | 8.07% | 15.96% | -26.95% | -44.03% | 78.99% | 13.27% | 38.42% | 17.88% |
| Operating Profit Growth % | 35.95% | -21.35% | -21.20% | 36.12% | 28.16% | -40.45% | 116.90% | 9.57% | 7.25% | 39.22% |
| Net Profit Growth % | 77.06% | -65.16% | -29.66% | -224.70% | 153.71% | -255.25% | 581.03% | 25.98% | -28.46% | 83.54% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -98.57% | 35.25% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 31.41x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.61x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.60x | 13.46x |
Mar 2016
- EPS (₹)
- 79.13
- Book Value (₹)
- 349.55
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.96
- Operating Margin %
- 31.27%
- Net Margin %
- 17.69%
- ROE %
- 25.53%
- ROCE %
- 32.38%
- 8.23%
- Debtor Days
- 1
- Inventory Days
- 1
- Payable Days
- 79
- -78
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 39.50x
- 0.30x
- Revenue Growth %
- 9.80%
- Operating Profit Growth %
- 35.95%
- Net Profit Growth %
- 77.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 27.57
- Book Value (₹)
- 377.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.06
- Operating Margin %
- 26.35%
- Net Margin %
- 6.60%
- ROE %
- 7.59%
- ROCE %
- 15.39%
- 2.41%
- Debtor Days
- 1
- Inventory Days
- 1
- Payable Days
- 100
- -99
- Debt to Equity (x)
- 0.66x
- Interest Coverage (x)
- 2.08x
- 0.57x
- Revenue Growth %
- -6.67%
- Operating Profit Growth %
- -21.35%
- Net Profit Growth %
- -65.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 19.39
- Book Value (₹)
- 396.50
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.85
- Operating Margin %
- 19.21%
- Net Margin %
- 4.30%
- ROE %
- 5.01%
- ROCE %
- 10.48%
- 1.55%
- Debtor Days
- 4
- Inventory Days
- 1
- Payable Days
- 201
- -196
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 1.49x
- 0.22x
- Revenue Growth %
- 8.07%
- Operating Profit Growth %
- -21.20%
- Net Profit Growth %
- -29.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -24.18
- Book Value (₹)
- 372.33
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.89
- Operating Margin %
- 22.55%
- Net Margin %
- -4.62%
- ROE %
- -6.29%
- ROCE %
- 6.63%
- -1.72%
- Debtor Days
- 7
- Inventory Days
- 1
- Payable Days
- 193
- -185
- Debt to Equity (x)
- 1.41x
- Interest Coverage (x)
- 0.79x
- 0.15x
- Revenue Growth %
- 15.96%
- Operating Profit Growth %
- 36.12%
- Net Profit Growth %
- -224.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 12.98
- Book Value (₹)
- 385.31
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.58
- Operating Margin %
- 39.57%
- Net Margin %
- 3.40%
- ROE %
- 3.43%
- ROCE %
- 9.77%
- 0.87%
- Debtor Days
- 11
- Inventory Days
- 2
- Payable Days
- 279
- -266
- Debt to Equity (x)
- 1.20x
- Interest Coverage (x)
- 1.37x
- 0.26x
- Revenue Growth %
- -26.95%
- Operating Profit Growth %
- 28.16%
- Net Profit Growth %
- 153.71%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -20.16
- Book Value (₹)
- 365.15
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.53
- Operating Margin %
- 42.10%
- Net Margin %
- -9.42%
- ROE %
- -5.37%
- ROCE %
- 5.43%
- -1.42%
- Debtor Days
- 16
- Inventory Days
- 2
- Payable Days
- 502
- -484
- Debt to Equity (x)
- 1.03x
- Interest Coverage (x)
- 0.71x
- 0.30x
- Revenue Growth %
- -44.03%
- Operating Profit Growth %
- -40.45%
- Net Profit Growth %
- -255.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 96.97
- Book Value (₹)
- 462.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.89
- Operating Margin %
- 51.02%
- Net Margin %
- 25.33%
- ROE %
- 23.44%
- ROCE %
- 18.44%
- 6.75%
- Debtor Days
- 5
- Inventory Days
- 1
- Payable Days
- 227
- -222
- Debt to Equity (x)
- 0.87x
- Interest Coverage (x)
- 6.52x
- 0.24x
- Revenue Growth %
- 78.99%
- Operating Profit Growth %
- 116.90%
- Net Profit Growth %
- 581.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 122.16
- Book Value (₹)
- 584.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.36
- Operating Margin %
- 49.35%
- Net Margin %
- 28.17%
- ROE %
- 23.35%
- ROCE %
- 19.76%
- 7.72%
- Debtor Days
- 2
- Inventory Days
- 2
- Payable Days
- 290
- -286
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 24.18x
- 0.29x
- Revenue Growth %
- 13.27%
- Operating Profit Growth %
- 9.57%
- Net Profit Growth %
- 25.98%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 1.75
- Book Value (₹)
- 14.77
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.57
- Operating Margin %
- 36.13%
- Net Margin %
- 14.56%
- ROE %
- 13.21%
- ROCE %
- 16.24%
- 3.02%
- Debtor Days
- 2
- Inventory Days
- 3
- Payable Days
- 168
- -164
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 35.67x
- 0.47x
- Revenue Growth %
- 38.42%
- Operating Profit Growth %
- 7.25%
- Net Profit Growth %
- -28.46%
- -98.57%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 2.60x
Mar 2025
- EPS (₹)
- 2.36
- Book Value (₹)
- 28.48
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.54
- Operating Margin %
- 37.83%
- Net Margin %
- 22.67%
- ROE %
- 12.01%
- ROCE %
- 17.09%
- 3.42%
- Debtor Days
- 4
- Inventory Days
- 3
- Payable Days
- 147
- -140
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 75.88x
- 4.35x
- Revenue Growth %
- 17.88%
- Operating Profit Growth %
- 39.22%
- Net Profit Growth %
- 83.54%
- 35.25%
- P/E (x)
- 31.41x
- P/B (x)
- 2.61x
- Dividend Yield %
- 0.00%
- 13.46x
Documents
Announcements
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Annual Reports
Credit Ratings
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