Sayaji Hotels Ltd
SAYAJIHOTLSayaji Hotels Ltd's price has outrun its earnings. +13.2% in a year against EPS −403.4% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +13.2% in a year while annual EPS moved −403.4% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (7 weeks in) while the P/E sits at the 93rd percentile of its own 10-year range. Underneath, the last four quarters read mixed, and 222% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Sayaji Hotels Ltd trades at ₹320, in a confirmed uptrend and 7 weeks into that stage. That is +8.0% against its own 200-day average. It sits at 78% of a 52-week range of ₹265 to ₹335. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 6 straight weeks.
Today the stock is in a confirmed uptrend — week 7 of stage 2, confirmed. At ₹320 it trades +8.0% versus its 200-day average and sits at 78% of its 52-week range (₹265–₹335).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +186% while the NIFTY 500 moved +259% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 6 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Sayaji Hotels Ltd's story is not scored yet against the markers our research file set on 22 August 2026. Where it sits in its own cycle: MID_EXPANSION. Our fortnightly research layers last read it on 22 August 2026.
Our read, 22 August 2026. Asset-heavy regional hotel operator emerging from an intensive capacity expansion cycle, where near-term earnings remain depressed by depreciation and employee costs despite positive cash flow generation.
What is proven. Asset-heavy regional hotel operator emerging from an intensive capacity expansion cycle, where near-term earnings remain depressed by depreciation and employee costs despite positive cash flow generation.
What is not proven yet. Two consecutive quarters of negative operating cash flow combined with an increase in net debt above ₹160 Cr and failure to achieve an operating profit margin above 15% during peak third-quarter operations.
🚨 What would change our mind. Two consecutive quarters of negative operating cash flow combined with an increase in net debt above ₹160 Cr and failure to achieve an operating profit margin above 15% during peak third-quarter operations.
🚨 Layer 1 read, 22 August 2026 — DROP. Sayaji added Rs 119 Cr of capacity, then earned 44% less revenue on it — and the profits are other income. Revenue in the June 2026 quarter fell to Rs 20.00 Cr from Rs 35.53 Cr in the same off-season quarter a year earlier, so seasonality cannot explain it, and it is 28% below the same quarter two years ago. Meanwhile the FY25 spend of Rs 119 Cr pushed annual depreciation from Rs 15 Cr to Rs 26 Cr, so roughly Rs 39 Cr of fixed depreciation and interest now sits against Rs 22 Cr of operating profit — which is why the full year was a Rs 6 Cr loss despite revenue growing 8%. The last two quarters only looked profitable because of other income: Rs 13.25 Cr was 136% of pre-tax profit in Q4 FY26, and in the June quarter operating profit of Rs 2.65 Cr did not even cover the Rs 4.29 Cr depreciation…
What would change Layer 1’s mind. Two consecutive quarters where operating profit alone exceeds the quarter depreciation plus interest — roughly Rs 7 Cr a quarter — with revenue back above Rs 30 Cr in a comparable quarter and no help from other income. That would show the Rs 119 Cr of new capacity is actually filling and the fixed-cost hurdle has been cleared, which is the only thing that would reverse this DROP. The company own stated break condition points the same way (two quarters of negative operating cash flow with net…
The test written in advance. Two consecutive quarters of negative operating cash flow combined with an increase in net debt above ₹160 Cr and failure to achieve an operating profit margin above 15% during peak third-quarter operations. — the thesis as written as stated by the next result.
The test written in advance. Optical Earnings Distortion & Non-Operating Income Reliance — Optical Earnings Distortion & Non-Operating Income Reliance Quarterly other income exceeding 25% of pre-tax profit while operating margins remain below 15%. by the next result.
The test written in advance. Working Capital Lengthening & Payable Contraction — Working Capital Lengthening & Payable Contraction Cash conversion cycle exceeding 80 days or debtor days exceeding 50 days in annual audited filings. by the next result.
What the company does. Operating cash flow aggregated to ₹191 Cr over 5 years, self-funding ₹130 Cr of cumulative capex while net borrowings moderated to ₹126 Cr in fiscal 2026. Earnings trajectory exhibits optical distortion, with fiscal 2026 posting a reported net loss of ₹6 Cr due to ₹26 Cr in depreciation charges alongside non-operating other income spikes. High trailing valuation multiple at the 91st percentile reflects depressed trough earnings rather than market enthusiasm, requiring disciplined verification of occupancy ramp-up before multiple normalization.
🚨 What the surface reading misses. The surface reading is: Small-cap market capitalization of ₹575 Cr reflects a micro/small-cap enterprise with limited liquidity and retail-dominated float. The research reads it further: The current equity valuation prices in severe historical earnings impairment rather than replacement asset value, leaving valuation responsive to any operating leverage inflection.
🚨 What the surface reading misses. The surface reading is: A P/B multiple of 3.69x appears elevated for a company reporting negative return on equity (-14.6%). The research reads it further: The book value of ₹88.8 reflects historical asset cost prior to the full commercial yield of recent ₹130 Cr capex additions, indicating that P/B is supported by physical replacement value.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 26. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Sayaji Hotels Ltd reported ₹20.0 Cr of revenue in the Jun 26 quarter, −43.7% year on year. Over 10 years it has compounded at −1.9% a year. The last full year, FY26, came in at ₹149 Cr. The last four reported quarters add to ₹133 Cr.
FY26 revenue came in at ₹149 Cr (+8.0% on the year), capping 10 years at −1.9% compound. The latest quarter (Jun 26) printed ₹20.0 Cr, −43.7% year on year.
Pace check: the last four quarters averaged −8.2% growth against the decade's −1.9% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −8.6% over the last 4 quarters against +7.5%/yr over the last 8 — rolling over.
FY26-Q4. revenue ₹38 Cr and profit ₹6 Cr as reported.
FY27-Q1. revenue ₹20 Cr and profit ₹0 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Sayaji Hotels Ltd's operating margin is 13.3% in the Jun 26 quarter, +3.3 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −29.0% to 30.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 13.3%, +3.3 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −29.0%–30.0%.
Why the margin moved: operating margin went +3.3 pp year on year while gross margin went +4.4 pp — the gain came mostly from the gross line: input costs and pricing.
FY26-Q4. revenue ₹38 Cr and profit ₹6 Cr as reported.
FY27-Q1. revenue ₹20 Cr and profit ₹0 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Sayaji Hotels Ltd earned ₹0.3 Cr of net profit in the Jun 26 quarter. The full FY26 year was a loss of ₹6.0 Cr. That is 1.5% of the quarter's revenue. The same quarter a year earlier lost ₹5.1 Cr. 5 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹0.3 Cr, null year on year. On the full year, FY26 printed ₹−6.0 Cr (−400.0%).
FY26-Q4. revenue ₹38 Cr and profit ₹6 Cr as reported.
FY27-Q1. revenue ₹20 Cr and profit ₹0 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 222% of Sayaji Hotels Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹44.0 Cr of operating cash against ₹−6.0 Cr of profit. After ₹11.0 Cr of capital spending, ₹33.0 Cr was left as free cash.
FY26: operating cash of ₹44.0 Cr against reported profit of ₹−6.0 Cr, leaving free cash of ₹33.0 Cr after ₹11.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 222% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 222%: the cash cycle stretched 53 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Sayaji Hotels Ltd's cash conversion cycle runs 71 days in FY26, up from 18 days in FY21. Capital spending ran ₹42.0 Cr over the last 3 years. At FY26 sales of ₹149 Cr each day of that cycle holds about ₹0.4 Cr, so roughly ₹29.0 Cr sits inside the business at any moment.
Why this happened. The company completed capital expenditure of ₹119 Cr in fiscal 2025, expanding gross property assets. This deployment increased fiscal 2026 annual depreciation to ₹26 Cr. As newly added keys in secondary markets reach mature occupancy levels above 65%, incremental room revenue will flow directly to operating profit under the capex inflection framework.
FY26: debtors at 41 days, inventory at 102 days — roughly 3.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 71 days, looser than FY21's 18.
The full loop: cash goes out to suppliers and production on day 0; stock waits 102 days to sell; customers pay about 41 days after that; and suppliers themselves are paid at 73 days — netting out to the 71-day cycle.
In money terms: at FY26 sales of ₹149 Cr, each day of the cycle holds about ₹0.4 Cr — so the 71-day loop keeps roughly ₹29.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹42.0 Cr over the last 3 fiscal years against ₹52.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹7.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Sayaji Hotels Ltd earns a ROCE of 0% in FY26. That is up from a trough of −19% in FY21. Return on invested capital clears the cost of that capital by −7.5 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is −4.0% net margin on 0.49× asset turns.
FY26 ROCE is 0%, recovered from a FY21 trough of −19% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): −4.0% net margin × 0.49× asset turns × 1.96× balance-sheet leverage ≈ −3.8% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 4.5% − 12.0% = a −7.5 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Sayaji Hotels Ltd carries ₹126 Cr of borrowings against ₹156 Cr of equity in FY26, a debt-to-equity of 0.81. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹161 Cr to ₹126 Cr. Capital spending ran ₹42.0 Cr across the last 3 of those years.
Why this happened. Sayaji Hotels possesses established banqueting and food-and-beverage infrastructure in regional hubs like Indore and Pune. In fiscal 2026, third-quarter operations generated ₹12.61 Cr in operating profit at a 28.70% margin, contrasting sharply with off-season deficits. Optimizing food and beverage pricing provides operating cash to service overhead during lean quarters.
FY26: borrowings of ₹126 Cr against equity of ₹156 Cr — a debt-to-equity of 0.81. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹161 Cr to ₹126 Cr while capital spending ran ₹42.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 8.1 points of Sayaji Hotels Ltd over 8 quarters, the biggest move on the register. That takes promoters to 66.8% of the company. Domestic institutions moved +0.0 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −8.1 points over 8 quarters to 66.8%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.
🚨 Why the register moved: promoters drove it (−8.1 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Sayaji Hotels Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Sayaji Hotels Ltd trades at 251.5× P/E, at the pricey end of its own range (93rd percentile). Its long-run median P/E is 48.1×, measured across 9.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 251.5× is at the pricey end of its own range (93rd percentile), against a long-run median of 48.1× measured over 9.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −403.4% against a +13.2% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 3y, of the −2.6%/yr price move, ~−53.1%/yr came from earnings growth and ~+50.5 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Sayaji Hotels Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 2 curves, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +8.0% | +9.0% | +14.1% | −1.9% |
| Share price | +13.2% | −2.6% | +7.4% | +10.4% |
4-Factor Sector Score
42.2/100 — rank 19 of 24 in Hotels · 63% evidence confidence
Sayaji Hotels Ltd scores 42.2 out of 100 against the 24 companies it is compared with in Hotels, ranking 19. Price leads the evidence: RS versus the benchmark is 11.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 12.7 + 4.3 + 10 + 15.2 = 42.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Chalet Hotels LtdCHALET | 71.3/100Favorable setup94% evidence | BREAKING OUT | 25.4/35 Revenue 6% · PAT 85.3% · OPM change 6 pp 100% evidence | 15.9/25 ROCE 17% · OPM 46% 100% evidence | 16.1/20 P/E 35.9× · PEG 0.83 100% evidence | 13.9/20 RS sector 3.6% · RS bench 4.9% · 1Y -14.1%4 of 10 weeks ahead 70% evidence |
| Exact sum: 25.4 + 15.9 + 16.1 + 13.9 = 71.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Asian Hotels (West) LtdAHLWEST | 66.2/100Favorable setup74% evidence | ASLEEP | 26.6/35 Revenue 8.5% · PAT 100% · OPM change 2 pp 95% evidence | 19.9/25 ROCE 19.7% · OPM 40% 95% evidence | 11.4/20 P/E 6.5× · PEG — 15% evidence | 8.3/20 RS sector -25% · RS bench 35.5% · 1Y —5 of 10 weeks ahead 70% evidence |
| Exact sum: 26.6 + 19.9 + 11.4 + 8.3 = 66.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Oriental Hotels LtdORIENTHOT | 62.7/100Mixed-positive evidence93% evidence | LEADER | 17.4/35 Revenue 6.9% · PAT 41.1% · OPM change -2.8 pp 100% evidence | 11.4/25 ROCE 12.1% · OPM 21% 100% evidence | 14.0/20 P/E 37.6× · PEG 0.66 65% evidence | 19.9/20 RS sector 24.4% · RS bench 25.2% · 1Y 0.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 17.4 + 11.4 + 14 + 19.9 = 62.7 · Decision use: Price leads the evidence: RS versus the benchmark is 25.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 4Indian Hotels Co LtdINDHOTEL | 61.3/100Mixed-positive evidence82% evidence | BREAKING OUT | 20.2/35 Revenue 13.2% · PAT 9.5% · OPM change 1 pp 95% evidence | 17.1/25 ROCE 17.1% · OPM 29% 76% evidence | 10.1/20 P/E 52.6× · PEG — 50% evidence | 13.9/20 RS sector 3.7% · RS bench 4.7% · 1Y -7.3%10 of 12 weeks ahead 100% evidence |
| Exact sum: 20.2 + 17.1 + 10.1 + 13.9 = 61.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Leela Palaces Hotels & Resorts LtdTHELEELA | 59.9/100Mixed-positive evidence93% evidence | LEADER | 24.6/35 Revenue 19.1% · PAT 100% · OPM change -1 pp 100% evidence | 9.3/25 ROCE 8.7% · OPM 36% 100% evidence | 7.6/20 P/E 40.4× · PEG 1.65 65% evidence | 18.4/20 RS sector 21.4% · RS bench 22.8% · 1Y 32%12 of 12 weeks ahead 100% evidence |
| Exact sum: 24.6 + 9.3 + 7.6 + 18.4 = 59.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Travel Food Services LtdTRAVELFOOD | 58.1/100Mixed-positive evidence69% evidence | FADING | 16.2/35 Revenue 4.4% · PAT 17.4% · OPM change -3 pp 95% evidence | 21.2/25 ROCE 42.4% · OPM 36% 76% evidence | 9.5/20 P/E 34.7× · PEG — 15% evidence | 11.2/20 RS sector -0.2% · RS bench 0.8% · 1Y -4.2%3 of 12 weeks ahead 70% evidence |
| Exact sum: 16.2 + 21.2 + 9.5 + 11.2 = 58.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7TajGVK Hotels & Resorts LtdTAJGVK | 56.4/100Mixed-positive evidence87% evidence | FADING | 21.3/35 Revenue 22.5% · PAT 100% · OPM change 0 pp 100% evidence | 12.9/25 ROCE 13.3% · OPM 30% 100% evidence | 14.3/20 P/E 14.6× · PEG 0.85 65% evidence | 7.9/20 RS sector -3.6% · RS bench -6.5% · 1Y -24.2%6 of 11 weeks ahead 70% evidence |
| Exact sum: 21.3 + 12.9 + 14.3 + 7.9 = 56.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Benares Hotels LtdBENARAS | 52.8/100Mixed-positive evidence76% evidence | 9.1/35 Revenue 7.7% · PAT -1.1% · OPM change -3.3 pp 95% evidence | 21.0/25 ROCE 29.8% · OPM 36.9% 76% evidence | 6.8/20 P/E 32.7× · PEG — 50% evidence | 15.9/20 RS sector 12.1% · RS bench 14.3% · 1Y 18.8%4 of 12 weeks ahead 70% evidence | |
| Exact sum: 9.1 + 21 + 6.8 + 15.9 = 52.8 · Decision use: Price leads the evidence: RS versus the benchmark is 14.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 9Juniper Hotels LtdJUNIPER | 52.4/100Mixed-positive evidence93% evidence | TURNING | 23.3/35 Revenue 11.4% · PAT 100% · OPM change -1 pp 100% evidence | 6.4/25 ROCE 8% · OPM 35% 100% evidence | 10.3/20 P/E 26.5× · PEG 1.48 65% evidence | 12.4/20 RS sector -1.7% · RS bench -1.2% · 1Y -23.8%2 of 12 weeks ahead 100% evidence |
| Exact sum: 23.3 + 6.4 + 10.3 + 12.4 = 52.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Lemon Tree Hotels LtdLEMONTREE | 51.0/100Mixed-positive evidence69% evidence | BASING | 18.9/35 Revenue 10.4% · PAT 9.6% · OPM change -1 pp 95% evidence | 16.4/25 ROCE 14.1% · OPM 43% 76% evidence | 9.9/20 P/E 32.4× · PEG — 15% evidence | 5.8/20 RS sector -8.5% · RS bench -18.2% · 1Y -40.2%0 of 10 weeks ahead 70% evidence |
| Exact sum: 18.9 + 16.4 + 9.9 + 5.8 = 51 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11ITC Hotels LtdITCHOTELS | 50.8/100Mixed-positive evidence93% evidence | BREAKING OUT | 23.4/35 Revenue 16.1% · PAT 26.9% · OPM change 1 pp 100% evidence | 10.7/25 ROCE 11.2% · OPM 31% 100% evidence | 11.2/20 P/E 34.7× · PEG 1.15 65% evidence | 5.5/20 RS sector -13.7% · RS bench -13.3% · 1Y -37%3 of 12 weeks ahead 100% evidence |
| Exact sum: 23.4 + 10.7 + 11.2 + 5.5 = 50.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -13.7% and the one-year return is -37%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 12Kamat Hotels (India) LtdKAMATHOTEL | 48.5/100Mixed-negative evidence81% evidence | BREAKING OUT | 13.4/35 Revenue 7.6% · PAT -11.5% · OPM change 5.3 pp 95% evidence | 16.9/25 ROCE 15.8% · OPM 27.2% 95% evidence | 10.6/20 P/E 15.8× · PEG — 50% evidence | 7.6/20 RS sector -20.6% · RS bench 7.5% · 1Y -29.3%7 of 11 weeks ahead 70% evidence |
| Exact sum: 13.4 + 16.9 + 10.6 + 7.6 = 48.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Advent Hotels International LtdADVENTHTL | 46.3/100Mixed-negative evidence60% evidence | TURNING | 16.7/35 Revenue 3.5% · PAT -29.3% · OPM change 6.1 pp 95% evidence | 8.5/25 ROCE 6.8% · OPM 32.6% 95% evidence | 11.1/20 P/E 14.3× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence |
| Exact sum: 16.7 + 8.5 + 11.1 + 10 = 46.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14EIH LtdEIHOTEL | 46.2/100Mixed-negative evidence82% evidence | BASING | 12.1/35 Revenue 8.3% · PAT 4.2% · OPM change -3 pp 95% evidence | 18.3/25 ROCE 20.7% · OPM 25% 76% evidence | 13.3/20 P/E 24.7× · PEG — 50% evidence | 2.5/20 RS sector -14.2% · RS bench -13.6% · 1Y -30.3%1 of 12 weeks ahead 100% evidence |
| Exact sum: 12.1 + 18.3 + 13.3 + 2.5 = 46.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 15U P Hotels LtdUPHOT | 46.1/100Mixed-negative evidence76% evidence | 7.1/35 Revenue 1.4% · PAT -6% · OPM change -6.5 pp 95% evidence | 16.5/25 ROCE 21.7% · OPM 11.2% 76% evidence | 10.9/20 P/E 25.6× · PEG — 50% evidence | 11.6/20 RS sector 1.2% · RS bench -0.1% · 1Y -14.1%0 of 12 weeks ahead 70% evidence | |
| Exact sum: 7.1 + 16.5 + 10.9 + 11.6 = 46.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Ventive Hospitality LtdVENTIVE | 45.5/100Mixed-negative evidence75% evidence | BASING | 20.9/35 Revenue 25% · PAT 100% · OPM change -6 pp 95% evidence | 12.3/25 ROCE 10.8% · OPM 35% 76% evidence | 10.1/20 P/E 27.7× · PEG — 15% evidence | 2.2/20 RS sector -14% · RS bench -13.3% · 1Y -20.7%1 of 12 weeks ahead 100% evidence |
| Exact sum: 20.9 + 12.3 + 10.1 + 2.2 = 45.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17Asian Hotels (North) LtdASIANHOTNR | 42.9/100Thin evidence · provisional56% evidence | TURNING | 14.0/35 Revenue 24.7% · PAT -80% · OPM change -3.6 pp 44% evidence | 4.5/25 ROCE 3.5% · OPM 17.5% 95% evidence | 8.5/20 P/E 120× · PEG — 15% evidence | 15.9/20 RS sector 8.5% · RS bench 23.3% · 1Y 15%2 of 10 weeks ahead 70% evidence |
| Exact sum: 14 + 4.5 + 8.5 + 15.9 = 42.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 18Samhi Hotels LtdSAMHI | 42.7/100Mixed-negative evidence83% evidence | ASLEEP | 19.2/35 Revenue 11.9% · PAT 100% · OPM change -1 pp 100% evidence | 6.5/25 ROCE 8.9% · OPM 32% 100% evidence | 11.2/20 P/E 8.3× · PEG — 15% evidence | 5.8/20 RS sector -8.1% · RS bench -7.5% · 1Y -27.6%7 of 12 weeks ahead 100% evidence |
| Exact sum: 19.2 + 6.5 + 11.2 + 5.8 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19Sayaji Hotels Ltdthis pageSAYAJIHOTL | 42.2/100Mixed-negative evidence63% evidence | BREAKING OUT | 12.7/35 Revenue -8.6% · PAT 79.7% · OPM change 3.3 pp 71% evidence | 4.3/25 ROCE -0.5% · OPM 13.3% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 15.2/20 RS sector 8.5% · RS bench 11.3% · 1Y 8%8 of 11 weeks ahead 70% evidence |
| Exact sum: 12.7 + 4.3 + 10 + 15.2 = 42.2 · Decision use: Price leads the evidence: RS versus the benchmark is 11.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 20Viceroy Hotels LtdVHLTD | 40.0/100Mixed-negative evidence79% evidence | ASLEEP | 20.7/35 Revenue 24.4% · PAT -69.2% · OPM change 10.8 pp 71% evidence | 8.0/25 ROCE 7.1% · OPM 25.6% 95% evidence | 7.8/20 P/E 40.1× · PEG — 50% evidence | 3.5/20 RS sector -10.1% · RS bench -4% · 1Y 2.6%0 of 12 weeks ahead 100% evidence |
| Exact sum: 20.7 + 8 + 7.8 + 3.5 = 40 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 21EIH Associated Hotels LtdEIHAHOTELS | 38.5/100Mixed-negative evidence87% evidence | BASING | 7.2/35 Revenue -7.6% · PAT -7% · OPM change -2.2 pp 95% evidence | 14.6/25 ROCE 21.2% · OPM 10.8% 95% evidence | 13.4/20 P/E 19.5× · PEG — 50% evidence | 3.3/20 RS sector -13.4% · RS bench -12.7% · 1Y -29.7%1 of 12 weeks ahead 100% evidence |
| Exact sum: 7.2 + 14.6 + 13.4 + 3.3 = 38.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 22Royal Orchid Hotels LtdROHLTD | 37.7/100Mixed-negative evidence81% evidence | BASING | 12.5/35 Revenue 26.9% · PAT -42.1% · OPM change -1.2 pp 95% evidence | 11.9/25 ROCE 10.8% · OPM 23.7% 95% evidence | 7.9/20 P/E 31.5× · PEG — 50% evidence | 5.4/20 RS sector -9.8% · RS bench -16.4% · 1Y -43.6%0 of 10 weeks ahead 70% evidence |
| Exact sum: 12.5 + 11.9 + 7.9 + 5.4 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 23Apeejay Surrendra Park Hotels LtdPARKHOTELS | 32.1/100Adverse evidence87% evidence | BASING | 12.3/35 Revenue 10.5% · PAT -36.4% · OPM change -1 pp 100% evidence | 9.2/25 ROCE 9.4% · OPM 28% 100% evidence | 4.2/20 P/E 36.7× · PEG 3.5 65% evidence | 6.4/20 RS sector -9.8% · RS bench -11.5% · 1Y -28.1%1 of 10 weeks ahead 70% evidence |
| Exact sum: 12.3 + 9.2 + 4.2 + 6.4 = 32.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 24HLV LtdHLVLTD | 41.2/100Thin evidence · provisional38% evidence | 17.9/35 Revenue -26.1% · PAT 100% · OPM change — 16% evidence | 8.8/25 ROCE 7.8% · OPM -39% 60% evidence | 11.5/20 P/E 2.8× · PEG — 15% evidence | 3.0/20 RS sector -29.5% · RS bench -24.8% · 1Y -39.4%1 of 2 weeks ahead to 2026-07-19 70% evidence | |
| Exact sum: 17.9 + 8.8 + 11.5 + 3 = 41.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Sayaji Hotels Ltd's share price today?
Sayaji Hotels Ltd trades at ₹320, +13.2% over the past year. The company is valued at ₹572 Cr. The stock sits at 78% of its 52-week range of ₹265–₹335, +8.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 7 weeks in. — as of 11 September 2026.
What were Sayaji Hotels Ltd's latest quarterly results?
Sayaji Hotels Ltd reported revenue of ₹20.0 Cr and net profit of ₹0.3 Cr for the Jun 26 quarter. Earnings per share were ₹0.17. The operating margin was 13.3%, 3.3 pp higher than a year earlier. — as of 11 September 2026.
What is Sayaji Hotels Ltd's revenue?
Sayaji Hotels Ltd reported revenue of ₹20.0 Cr in the Jun 26 quarter, −43.7% year on year. For the full FY26 fiscal year, revenue was ₹149 Cr (+8.0%). Over the last 10 years revenue compounded at −1.9% a year. — as of 11 September 2026.
What is Sayaji Hotels Ltd's profit?
Sayaji Hotels Ltd earned ₹0.3 Cr of net profit in the Jun 26 quarter. Full-year FY26 profit was ₹−6.0 Cr. The operating margin ran 13.3% in the latest quarter. — as of 11 September 2026.
What is Sayaji Hotels Ltd's market cap?
Sayaji Hotels Ltd's market capitalisation is ₹572 Cr at a share price of ₹320. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Sayaji Hotels Ltd's P/E ratio?
Sayaji Hotels Ltd trades at a P/E of 251.5×, at the 93rd percentile of its own 10-year range, against a long-run median of 48.1×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Sayaji Hotels Ltd pay a dividend?
No — Sayaji Hotels Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 11 September 2026.
Is Sayaji Hotels Ltd overvalued?
On its own history, Sayaji Hotels Ltd looks expensive: its P/E of 251.5× sits at the 93rd percentile of its 10-year range (long-run median 48.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
How is Sayaji Hotels Ltd performing?
Sayaji Hotels Ltd is in a confirmed uptrend, 7 weeks in. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
Is Sayaji Hotels Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 7 of stage 2), trading +8.0% versus its 200-day average and at 78% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Sayaji Hotels Ltd beating the market?
On recent form, yes — Sayaji Hotels Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 6 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +186% against the NIFTY 500's +259% — behind the index over the full window. — as of 11 September 2026.
Will Sayaji Hotels Ltd's share price go up?
This page publishes no price forecast for Sayaji Hotels Ltd. What it measures instead: the share price is ₹320, the price is in a confirmed uptrend 7 weeks in. Its P/E of 251.5× sits at the 93rd percentile of its own 10-year range. — as of 11 September 2026.
Who owns Sayaji Hotels Ltd?
Promoters hold 66.8% of Sayaji Hotels Ltd, foreign institutions null%, domestic institutions 0.0% and the public 33.1% (latest quarter). The biggest move on the register over the last two years: Promoters cut 8.1 points over 8 quarters. — as of 11 September 2026.
Does Sayaji Hotels Ltd have too much debt?
It is moderate — Sayaji Hotels Ltd's debt-to-equity is 0.81, and operating profit covers the interest bill 2×. FY26 borrowings were ₹126 Cr against equity of ₹156 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is Sayaji Hotels Ltd's capex?
Sayaji Hotels Ltd spent ₹42.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹11.0 Cr, with ₹7.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Sayaji Hotels Ltd's cash flow?
Sayaji Hotels Ltd generated ₹44.0 Cr of operating cash flow in FY26 and ₹33.0 Cr of free cash flow after ₹11.0 Cr of capital spending. Reported profit that year was ₹−6.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Sayaji Hotels Ltd's profit real cash?
Yes — over the last 3 fiscal years, 222% of Sayaji Hotels Ltd's reported profit arrived as operating cash. Though the latest year ran at -733% — the trend is the thing to watch. In FY26, operating cash was ₹44.0 Cr against reported profit of ₹−6.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Sayaji Hotels Ltd in its business cycle?
Sayaji Hotels Ltd's FY26 operating margin was 15.0%, against a 13-year band of −29.0%–30.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 13.3%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What could break the Sayaji Hotels Ltd story?
The sharpest disagreement: the price moved +13.2% in a year while annual EPS moved −403.4% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Sayaji Hotels Ltd a stock worth studying right now?
This is not investment advice. The machine read: Sayaji Hotels Ltd's price has outrun its earnings. +13.2% in a year against EPS −403.4% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!