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Sayaji Hotels Ltd: Stock Analysis & Fundamentals

Data from 4w ago

Sayaji Hotels Ltd (Hotels) — fundamental analysis, earnings data, and key metrics. ROE: 1.3%. This stock is not currently in the Nifty 500 momentum outperformers list.

Sayaji Hotels Ltd Key Facts

What's Happening

👔Promoter stake down 9.1% this quarter

Earnings Acceleration Triggers

1. Geographical Expansion
FY26-27HIGH
2. New Product Or Brand Launch
April 2026MEDIUM
3. Tam Expansion Changing Consumption
FY26MEDIUM

Key Risks

1. Historical and ongoing disputes including IDA rent lawsuit and past EPFO/Income
HIGH
2. Termination of Raipur property lease effective March 31, 2026, which contributes
MEDIUM
3. Rising fuel and energy costs inflating power and logistics expenses
LOW

Sector-Specific Signals

Occupancy Rate90%
Management Contracts Pipeline22
F&B Consumed₹5.00 Cr-9.09%
Employee Cost % of Sales36.16%+751 bps

Key Numbers

Current Price
₹289
Market Cap
506 Cr
Valuation
N/A

Why Are Sayaji Hotels Ltd's Earnings Accelerating?

Based on Q3 FY26 (web) earnings • Updated Apr 19, 2026

Geographical Expansion

Expected: FY26-27HIGH confidence

What: New Signings: 5 properties in Q3

New Product Or Brand Launch

Expected: April 2026MEDIUM confidence

What: Brand Count: Forest Chapter launched

Tam Expansion Changing Consumption

Expected: FY26MEDIUM confidence

What: Industry Growth: 11-12% FY26

What Are the Key Risks for Sayaji Hotels Ltd?

Earnings deceleration risks from management commentary

Historical and ongoing disputes including IDA rent lawsuit and past EPFO/Income

HIGH

Trigger: Historical and ongoing disputes including IDA rent lawsuit and past EPFO/Income Tax penalties exceeding ₹100 Cr.

Impact: PAT impact: >₹100 Cr (historical)

Management view: Settled recent NCLT petition with Ujaas Energy in March 2026.

Monitor: litigation

Termination of Raipur property lease effective March 31, 2026, which contributes

MEDIUM

Trigger: Termination of Raipur property lease effective March 31, 2026, which contributes ~26% of revenue.

Impact: PAT impact: 26.08% revenue risk

Management view: Evaluating management contract for the same property.

Monitor: regulatory

Rising fuel and energy costs inflating power and logistics expenses

LOW

Trigger: Rising fuel and energy costs inflating power and logistics expenses.

Impact: PAT impact: 17.5% OpEx increase

Management view: Not explained in source

Monitor: commodity

What Did Sayaji Hotels Ltd Report This Quarter?

Headline numbers from the latest earnings call

Revenue

₹43.94 Cr

YoY +3.29%QoQ +38.75%

Revenue growth was modest at 3.3% YoY but showed a strong seasonal sequential recovery of 38.8%.

EBITDA

₹14.46 Cr

YoY +4.7%Margin 32.9%

EBITDA margins expanded slightly by 40 bps YoY to 32.9% despite rising employee costs.

PAT

₹2.61 Cr

YoY -59.09%QoQ +126.5%

PAT was severely impacted by a share of loss from associate companies amounting to ₹2.11 Cr.

Other Highlights

• Share of loss from associates stood at ₹2.11 Cr vs ₹1.34 Cr profit YoY.

• Employee costs surged to 36.16% of sales in Q3 FY26.

• Board approved appointment of Mr. Kayum Razak Dhanani as Additional Director.

What Sector Metrics Matter for Sayaji Hotels Ltd?

Sub-sector-specific signals from the latest concall — each with management's stated reason for the change

Occupancy Rate

90%

Why: Healthy pick-up in operating metrics and sustained domestic demand.

Management Contracts Pipeline

22

Why: Strategic shift towards an asset-light growth model.

F&B Consumed

₹5.00 Cr

YoY -9.09%

Why: High dependence on F&B segment but saw a decline in consumption during the quarter.

Employee Cost % of Sales

36.16%

YoY +751 bps

Why: Indicates wage inflation or revenue productivity issues.

Total Room Inventory

1,400+

Why: Rapid expansion across three brands: Sayaji, Effotel, and Enrise.

What Is Sayaji Hotels Ltd's Management Guidance?

Forward-looking targets from management for FY26

Revenue Growth Target

11.5%

Revenue Outlook

11-12%

Volume

Targeting 12,000 keys

Management Tone: BULLISH

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 19, 2026.

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← Back to HotelsDashboard

Frequently Asked Questions: Sayaji Hotels Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were Sayaji Hotels Ltd's latest quarterly results?

Sayaji Hotels Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: -59.1%
  • Revenue Growth YoY: +3.3%
  • Operating Margin: 28.7%

What is Sayaji Hotels Ltd's price-to-book ratio?

Sayaji Hotels Ltd's price-to-book ratio is 3.5x.

  • Price-to-Book (P/B): 3.5x
  • Book Value per Share: ₹83
  • Current Price: ₹289

Is Sayaji Hotels Ltd a fundamentally strong company?

Sayaji Hotels Ltd's fundamental strength based on key financial ratios

  • Return on Capital (ROCE): 6.0%

Is Sayaji Hotels Ltd debt free?

Sayaji Hotels Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹150 Cr

What is Sayaji Hotels Ltd's return on equity (ROE) and ROCE?

Sayaji Hotels Ltd's return ratios over recent years

  • FY2023: ROCE 9.0%
  • FY2024: ROCE 10.0%
  • FY2025: ROCE 6.0%

Is Sayaji Hotels Ltd's cash flow positive?

Sayaji Hotels Ltd's operating cash flow is positive (FY2025).

  • Cash from Operations (CFO): ₹28 Cr
  • Free Cash Flow (FCF): ₹-5 Cr
  • CFO/PAT Ratio: 1400% (strong cash conversion)

What is Sayaji Hotels Ltd's dividend yield?

Sayaji Hotels Ltd currently does not pay a significant dividend (yield 0.00%).

  • Dividend Yield: 0.00%
  • Current Price: ₹289

Who holds Sayaji Hotels Ltd shares — promoters, FII, DII?

Sayaji Hotels Ltd's shareholding pattern (Mar 2026)

  • Promoters: 66.8%
  • DII (Domestic): 0.0%
  • Public: 33.1%

Is promoter holding increasing or decreasing in Sayaji Hotels Ltd?

Sayaji Hotels Ltd's promoter holding has remained stable recently.

  • Current Promoter Holding: 66.8% (Mar 2026)
  • Previous Quarter: 66.8% (Dec 2025)
  • Change: 0.00% (stable)

Is Sayaji Hotels Ltd a new momentum entry or an established outperformer?

Sayaji Hotels Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for Sayaji Hotels Ltd?

Sayaji Hotels Ltd has 3 key growth catalysts identified from recent earnings analysis

  • Geographical Expansion — Aggressive expansion into Tier-II/III and South India will drive long-term revenue scale.
  • New Product Or Brand Launch — Diversification into experiential travel targets high-growth leisure segments.
  • Tam Expansion Changing Consumption — Favorable macro tailwinds in domestic tourism support occupancy levels.

What are the key risks in Sayaji Hotels Ltd?

Sayaji Hotels Ltd has 3 key risks worth monitoring

  • [HIGH] Historical and ongoing disputes including IDA rent lawsuit and past EPFO/Income — Historical and ongoing disputes including IDA rent lawsuit and past EPFO/Income Tax penalties exceeding ₹100 Cr.
  • [MEDIUM] Termination of Raipur property lease effective March 31, 2026, which contributes — Termination of Raipur property lease effective March 31, 2026, which contributes ~26% of revenue.
  • [LOW] Rising fuel and energy costs inflating power and logistics expenses — Rising fuel and energy costs inflating power and logistics expenses.

What is Sayaji Hotels Ltd's management guidance for growth?

Sayaji Hotels Ltd's management has provided the following forward guidance for FY26

  • Revenue growth target: 11.5%
  • Margin outlook: Not Given
  • Capex plan: Not Given for Expansion through management contracts
  • Management tone: bullish

What sector-specific metrics matter most for Sayaji Hotels Ltd?

Sayaji Hotels Ltd's most important sub-sector-specific KPIs from the latest concall

  • Occupancy Rate: 90% — Healthy pick-up in operating metrics and sustained domestic demand.
  • Management Contracts Pipeline: 22 — Strategic shift towards an asset-light growth model.
  • F&B Consumed: ₹5.00 Cr (YoY -9.09%) — High dependence on F&B segment but saw a decline in consumption during the quarter.
  • Employee Cost % of Sales: 36.16% (YoY +751 bps) — Indicates wage inflation or revenue productivity issues.
  • Total Room Inventory: 1,400+ — Rapid expansion across three brands: Sayaji, Effotel, and Enrise.

Is Sayaji Hotels Ltd worth studying for long term investment?

Based on quantitative research signals, here is why Sayaji Hotels Ltd may be worth studying

  • Cash flow is positive — CFO ₹28 Cr

What is the investment thesis for Sayaji Hotels Ltd?

Sayaji Hotels Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: Geographical Expansion

Risk Factors (Bear Case)

  • Key risk: Historical and ongoing disputes including IDA rent lawsuit and past EPFO/Income

What is the future outlook for Sayaji Hotels Ltd?

Sayaji Hotels Ltd's forward outlook based on current data signals

  • Key Catalyst: Geographical Expansion
  • Key Risk: Historical and ongoing disputes including IDA rent lawsuit and past EPFO/Income

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.