Saj Hotels Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹38 Cr
- P/E
- 13.18
- ROE
- 2.44%
- PEG
- 0.17
- Price to sales
- 2.25
- Debt to equity
- 0.19
- 52W high / low
- ₹67.0 / ₹24.0
- Sales growth (5Y)
- 15.93%
- EBITDA margin
- 32.11%
- Net profit margin
- 17.12%
- Promoter holding
- 64.67%
- Sales (last year)
- ₹17 Cr
Incorporated in 1981, Saj Hotels Ltd is in the hospitality business of running hotels & resorts.[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
- Jubilant Foodworks LtdGood growth2
- Landmark Global Learning LtdGood growth1
- Le Travenues Technology LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Leisure Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Landmark Global Learning Ltd | 20–40% | Up 2%+ | ₹21 Cr | — |
| 2 | Jubilant Foodworks Ltd | 20–40% | Flat | ₹27,579 Cr | 72.4 |
| 3 | Le Travenues Technology Ltd | 20–40% | Flat | ₹6,423 Cr | 54.1 |
| 4 | 20–40% | Flat | ₹6,285 Cr | 2553.3 | |
| 5 | 20–40% | Flat | ₹4,827 Cr | 20.4 | |
| 6 | 20–40% | Flat | ₹2,741 Cr | 215.1 |
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Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Saj Hotels Ltd
Shareholding breakup across reporting periods.
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters + | 61.95% | 62.09% | 62.52% | 63.31% | 63.93% | 64.27% | 64.67% |
| FIIs + | 0.00% | 0.00% | 0.00% | 0.02% | 0.04% | 0.04% | 0.04% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.12% | 0.21% | 0.29% | 0.89% |
| Public + | 38.05% | 37.91% | 37.48% | 36.55% | 35.83% | 35.40% | 34.40% |
| No. of Shareholders | 1,413 | 962 | 882 | 809 | 781 | 746 | 718 |
Financials of Saj Hotels Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Saj Hotels Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 8.06 | 12.83 | 12.71 | 14.26 | 16.81 | 16.88 | 16.62 |
| Expenses + | 6.25 | 8.71 | 9.49 | 7.74 | 10.45 | 11.46 | 12.64 |
| Operating Profit | 1.81 | 4.12 | 3.22 | 6.52 | 6.36 | 5.42 | 3.98 |
| OPM % | 22.46% | 32.11% | 25.33% | 45.72% | 37.83% | 32.11% | 23.95% |
| Other Income + | 0.04 | 0.05 | 3.81 | 0.30 | 1.23 | 3.16 | 3.13 |
| Interest | 1.48 | 0.60 | 0.22 | 0.09 | 0.08 | 2.27 | 2.32 |
| Depreciation | 1.51 | 1.46 | 2.32 | 2.17 | 1.89 | 2.13 | 2.30 |
| Profit before tax | -1.14 | 2.11 | 4.49 | 4.56 | 5.62 | 4.18 | 2.49 |
| Tax % | 5.26% | 31.75% | 20.71% | 24.34% | 32.21% | 31.10% | |
| Net Profit + | -1.20 | 1.32 | 3.48 | 3.45 | 3.92 | 2.77 | 1.47 |
| EPS in Rs | -1.00 | 1.10 | 2.90 | 2.91 | 2.43 | 1.72 | 0.91 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
Financials of Saj Hotels Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2.38 | 2.38 | 2.38 | 11.88 | 16.12 | 16.12 | 16.12 |
| Reserves | 17.49 | 79.77 | 83.25 | 77.22 | 100.80 | 103.57 | 103.17 |
| Borrowings + | 9.39 | 10.54 | 6.14 | 2.92 | 0.32 | 22.78 | 26.66 |
| Other Liabilities + | 3.60 | 3.57 | 7.15 | 6.07 | 7.17 | 2.52 | 3.98 |
| Total Liabilities | 32.86 | 96.26 | 98.92 | 98.09 | 124.41 | 144.99 | 149.93 |
| Fixed Assets + | 28.10 | 88.81 | 93.21 | 91.64 | 97.06 | 97.67 | 98.19 |
| CWIP | 0.09 | 3.11 | 0.80 | 1.32 | 1.43 | 3.13 | 6.50 |
| Investments | -0.00 | 0.08 | -0.00 | 0.01 | 0.11 | 0.50 | 0.50 |
| Other Assets + | 4.67 | 4.26 | 4.91 | 5.12 | 25.81 | 43.69 | 44.74 |
| Total Assets | 32.86 | 96.26 | 98.92 | 98.09 | 124.41 | 144.99 | 149.93 |
Financials of Saj Hotels Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 4.74 | 3.32 | 7.67 | 4.75 | 4.69 | -0.72 |
| Cash from Investing Activity + | -0.95 | -4.41 | -6.09 | -0.93 | -8.72 | -23.90 |
| Cash from Financing Activity + | -3.20 | 0.55 | -1.75 | -3.32 | 21.24 | 20.18 |
| Net Cash Flow | 0.59 | -0.53 | -0.17 | 0.50 | 17.20 | -4.43 |
| Free Cash Flow | 3.79 | -0.90 | 1.17 | 3.64 | -2.40 | -7.87 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 281% | 92% | 259% | 91% | 85% | 17% |
Financials of Saj Hotels Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 6.79 | 3.13 | 0.86 | 3.07 | 4.78 | 13.19 |
| Inventory Days | 41.93 | 16.74 | 14.19 | 39.87 | 34.97 | 20.62 |
| Days Payable | 167.70 | 115.53 | 103.42 | 104.29 | 192.34 | 92.80 |
| Cash Conversion Cycle | -118.98 | -95.66 | -88.36 | -61.34 | -152.59 | -58.98 |
| Working Capital Days | -393.53 | -283.92 | -236.06 | -114.41 | 12.16 | 361.32 |
| ROCE % | 4.44% | 1.07% | 5.06% | 5.08% | 5.11% |
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What Saj Hotels Ltd's management said in earlier quarters
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