Price
Financials
Consolidated, Rs crore| Dec 2023 | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.53 | 3.53 | 3.11 | 4.82 | 4.72 | 3.68 | 3.95 | 4.60 | 4.65 |
| Expenses | 4.10 | 2.10 | 2.11 | 3.19 | 3.24 | 3.39 | 2.61 | 2.87 | 2.70 |
| Operating Profit | -0.57 | 1.43 | 1.00 | 1.63 | 1.48 | 0.29 | 1.34 | 1.73 | 1.95 |
| OPM % | -16.15% | 40.51% | 32.15% | 33.82% | 31.36% | 7.88% | 33.92% | 37.61% | 41.94% |
| Other Income | 0.05 | 3.92 | 0.09 | 0.78 | 0.42 | 0.86 | 0.87 | 0.89 | 0.54 |
| Interest | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.51 | 0.54 | 0.55 | 0.67 |
| Depreciation | 0.38 | 1.04 | 0.47 | 0.48 | 0.48 | 0.51 | 0.53 | 0.55 | 0.54 |
| Profit before tax | -0.93 | 4.29 | 0.60 | 1.91 | 1.40 | 0.13 | 1.14 | 1.52 | 1.28 |
| Tax % | -7.53% | 6.29% | 45.00% | 37.70% | 35.71% | 53.85% | 26.32% | 32.89% | 32.81% |
| Net Profit | -0.85 | 4.02 | 0.33 | 1.19 | 0.90 | 0.06 | 0.84 | 1.02 | 0.85 |
| EPS in Rs | -0.72 | 3.39 | 0.28 | 0.74 | 0.56 | 0.04 | 0.52 | 0.63 | 0.53 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 8.06 | 12.83 | 12.71 | 14.26 | 16.81 | 16.88 |
| Expenses | 6.25 | 8.71 | 9.49 | 7.74 | 10.45 | 11.57 |
| Operating Profit | 1.81 | 4.12 | 3.22 | 6.52 | 6.36 | 5.31 |
| OPM % | 22.46% | 32.11% | 25.33% | 45.72% | 37.83% | 31.46% |
| Other Income | 0.04 | 0.05 | 3.81 | 0.30 | 1.34 | 3.16 |
| Interest | 1.48 | 0.60 | 0.22 | 0.09 | 0.08 | 2.27 |
| Depreciation | 1.51 | 1.46 | 2.32 | 2.17 | 1.89 | 2.13 |
| Profit before tax | -1.14 | 2.11 | 4.49 | 4.56 | 5.73 | 4.07 |
| Tax % | 5.26% | 31.75% | 20.71% | 24.34% | 31.59% | 31.94% |
| Net Profit | -1.20 | 1.32 | 3.48 | 3.45 | 3.92 | 2.77 |
| EPS in Rs | -50.53 | 55.58 | 146.53 | 2.91 | 2.43 | 1.72 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 16% | 10% | 0% | ||
| Compounded Profit Growth | % | 35% | 74% | -26% | ||
| Stock Price CAGR | % | % | % | -57% | ||
| Return on Equity | % | 3% | 3% | 2% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.38 | 2.38 | 2.38 | 11.88 | 16.12 | 16.12 |
| Reserves | 17.49 | 79.77 | 83.25 | 77.22 | 100.80 | 103.57 |
| Borrowings | 9.39 | 10.54 | 6.14 | 2.92 | 0.32 | 22.78 |
| Other Liabilities | 3.60 | 3.57 | 7.15 | 6.07 | 7.17 | 2.52 |
| Total Liabilities | 32.86 | 96.26 | 98.92 | 98.09 | 124.41 | 144.99 |
| Fixed Assets | 28.10 | 88.81 | 93.21 | 91.64 | 97.05 | 97.67 |
| CWIP | 0.09 | 3.11 | 0.80 | 1.32 | 1.43 | 3.13 |
| Investments | 0.00 | 0.08 | 0.00 | 0.01 | 0.11 | 0.50 |
| Other Assets | 4.67 | 4.26 | 4.91 | 5.12 | 25.82 | 43.69 |
| Total Assets | 32.86 | 96.26 | 98.92 | 98.09 | 124.41 | 144.99 |
| 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/OP | 281% | 92% | 259% | 91% | 85% | 17% |
| 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% | 5.55% | 5.02% |
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 61.95% | 62.09% | 62.52% | 63.31% | 63.93% | 64.27% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.02% | 0.04% | 0.04% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.12% | 0.21% | 0.29% |
| Public | 38.05% | 37.91% | 37.48% | 36.55% | 35.83% | 35.40% |
| No. of Shareholders | 1,413 | 962 | 882 | 809 | 781 | 746 |
Fundamentals
Market Cap₹ 48.4 Cr.
Current Price₹ 30.0
Stock P/E16.7
Book Value₹ 74.2
ROCE5.02 %
ROE2.44 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)-26%
Consolidated figures.
Valuation
Market capRs 46 Cr
Enterprise valueRs 57 Cr
P/E (TTM)16.44x
Price to book0.56x
Price to sales2.74x
EV / EBITDA7.18x
EV / EBIT9.74x
EV / sales3.34x
Price to cash flow13.97x
Earnings yield6.08%
Profitability
Operating margin (excl. other income)32.11%
Operating margin (incl. other income)32.50%
EBITDA margin46.49%
Pre-tax margin24.72%
Net profit margin16.64%
Net margin, latest quarter22.17%
ROE2.59%
ROCE4.44%
ROA2.04%
ROIC (approx.)4.29%
Tax rate31.75%
Other income / net worth0.06%
Growth
Sales growth (latest year)59.18%
Sales growth QoQ16.46%
Profit growth QoQ21.43%
Sales growth YoY (latest quarter)-4.56%
Profit growth YoY (latest quarter)-14.29%
Per share
EPS (TTM)Rs 1.75
EPS (latest year)Rs 55.58
EPS (latest quarter)Rs 0.63
Book value per shareRs 50.94
Sales per shareRs 10.51
Cash flow per shareRs 2.06
Free cash flow per shareRs -4.88
Efficiency
Asset turnover0.13x
Fixed asset turnover0.14x
Inventory turnover38.70x
Inventory days9 days
Debtor days3 days
Debtors turnover116.64x
Creditor days93 days
Cash conversion cycle-59 days
Working capital days361 days
Leverage
Total debtRs 11 Cr
Cash and bankRs 0 Cr
Net debtRs 10 Cr
Debt to equity0.13x
Net debt / EBITDA1.30x
Interest coverage3.59x
Owners' fund to total sources85.34%
Debt to assets10.95%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -8 Cr
FCFE (approx.: FCF + change in debt)Rs -7 Cr
Cash from ops / profit, 5 years1.32x
Sales to cash flow3.86x
Statement figures
Net sales (TTM)Rs 17 Cr
Net sales (latest year)Rs 13 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 4 Cr
Total expenditure (latest year)Rs 9 Cr
Total income (latest year)Rs 13 Cr
Share capitalRs 2 Cr
ReservesRs 80 Cr
Shareholders' fundsRs 82 Cr
Total assetsRs 96 Cr
Net blockRs 89 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 0 Cr
ReceivablesRs 0 Cr
InventoryRs 0 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)1.61
Ownership
Promoter holding64.27% (+2.18 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | SAJHOTELS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -16.4% | -2.8% | -13.6 pts |
| 1 month | -29.8% | -6.8% | -23.0 pts |
| 3 months | -26.2% | -7.6% | -18.6 pts |
| 6 months | -39.5% | +0.4% | -39.9 pts |
| 1 year | -58.2% | -9.9% | -48.3 pts |
Red flags
F-score 7 of 8| look | On NSE surveillance On NSE surveillance: ESM |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹5 Cr -1.5% vs Mar 2025.
Net profit ₹1 Cr -5.6%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Indian Hotels Co Ltd | 101,683 | 52.3 | 17.1 % |
| ITC Hotels Ltd | 33,439 | 36.3 | 11.2 % |
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| Leela Palaces Hotels & Resorts Ltd | 17,820 | 39.7 | 8.73 % |
| Ventive Hospitality Ltd | 13,075 | 27.0 | 10.8 % |
| Lemon Tree Hotels Ltd | 8,253 | 32.2 | 14.1 % |
| India Tourism Development Corporation Ltd | 5,636 | 68.1 | 29.9 % |
| Juniper Hotels Ltd | 4,760 | 25.7 | 8.04 % |
| Mahindra Holidays & Resorts India Ltd | 3,933 | 84.1 | 8.12 % |
| Samhi Hotels Ltd | 3,321 | 7.90 | 8.90 % |
| Oriental Hotels Ltd | 2,489 | 37.1 | 12.1 % |
| Apeejay Surrendra Park Hotels Ltd | 2,184 | 33.9 | 9.43 % |
| Brigade Hotel Ventures Ltd | 2,129 | 31.2 | 12.8 % |
| TajGVK Hotels & Resorts Ltd | 1,989 | 13.8 | 13.3 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded