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Saj Hotels Ltd (SAJHOTELS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SAJHOTELS Hotel, Resort & Restaurants | Small Cap | Saj Hotels Share Price

BSE Share Price
Not Listed

Saj Hotels Ltd (SAJHOTELS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SAJHOTELS Hotel, Resort & Restaurants | Small Cap | Saj Hotels Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹52 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹1.8
TTM Sales
₹16.9 Cr.
Book Value per Share
₹74.4
P/E Ratio
18.14
Lower than its 5-year historical median
Industry PE
42
Price to Book (P/B)
0.44
Lower than its 5-year historical median
Price to Sales (P/S)
3.10
Lower than its 5-year historical median
EV/EBITDA
7.04
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
12.01%
Outperforms industry median
Return on Capital Employed (ROCE)
17.09%
Outperforms industry median
Return on Assets (ROA)
3.42%
Operating Profit Margin
37.8%
Net Profit Margin
22.67%
Gross Profit Margin
44.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
17.88%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
23.5%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
83.17%
Asset Quality
Promoter Holding
64.27%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹104 Cr.
Equity
₹16.1 Cr.
Face Value
₹10
All Time Low / High
- / -

Saj Hotels stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Saj Hotels Ltd a good quality company?
Saj Hotels Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Saj Hotels Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Saj Hotels Ltd vs industry peers?
Saj Hotels Ltd revenue CAGR is 13.11%, compared to the industry median CAGR of 3.58%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Saj Hotels Ltd?
Promoters hold 64.27% of the Saj Hotels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Saj Hotels Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -46.99% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Saj Hotels Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 32.4%15.4%10.5%6.6%9.8%5.4%18.4%19.8%16.2%17.1%-
Value Creation
Index
1.30.1-0.3-0.5-0.3-0.60.30.40.20.2-

Growth Parameters

Sales 10.69.910.712.49.15.19.110.314.316.817
Sales YoY Gr.--6.6%8.1%16%-27%-44.1%78.9%13.3%38.5%17.9%-
Adj EPS 1.60.60.4-0.50.3-0.41.92.41.82.21.8
YoY Gr.--65.2%-29.1%-228.2%NA-240.7%NA25.8%-28.3%25.7%-
BVPS (₹) 77.57.97.57.77.39.211.714.828.574.4
Adj Net
Profit
1.90.70.5-0.60.3-0.52.32.92.13.63
Cash Flow from Ops. 3.83.53.23.73.43.25.57.63.44.7-
Debt/CF from Ops. 0.81.71.43.43.22.81.70.80.90.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.2%13.1%22.7%17.9%
Adj EPS 3.8%52.1%4.3%25.7%
BVPS16.9%29.9%45.5%92.8%
Share Price - - - -50.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.43.12.1-2.71.5-2.210.411.83.63.43.5
Op. Profit
Mgn %
30.423.218.718.737.136.948.948.636.137.836.6
Net Profit
Mgn %
17.76.64.3-4.73.5-925.328.114.521.117.1
Debt to
Equity
0.40.70.51.41.210.90.40.200.1
Working Cap
Days
105107126152245371142112102135529
Cash Conv.
Cycle
-13-17-27-19-23-27-20-30-18-18430

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales10.629.9210.7212.439.085.089.0910.3014.2616.81
Operating Expenses + 7.407.628.7110.115.733.244.645.299.1110.45
Manufacturing Costs2.401.832.113.081.120.741.231.611.611.56
Material Costs1.241.261.141.340.690.310.560.621.041.52
Employee Cost 2.502.692.953.311.751.301.682.012.953.77
Other Costs 1.261.842.512.372.170.891.181.053.503.60
Operating Profit 3.222.3022.323.341.844.455.015.156.36
Operating Profit Margin (%) 30.3%23.2%18.7%18.7%36.8%36.2%48.9%48.6%36.1%37.8%
Other Income + 0.100.320.050.480.250.300.190.080.301.23
Exceptional Items 0000000000
Interest 0.070.961.011.471.481.440.540.170.090.08
Depreciation 0.450.610.551.641.571.111.131.082.171.89
Profit Before Tax 2.801.040.50-0.300.54-0.422.973.833.195.62
Tax 0.920.390.040.270.240.060.670.931.121.81
Profit After Tax 1.880.650.46-0.570.31-0.482.302.902.083.81
PAT Margin (%) 17.7%6.6%4.3%-4.6%3.4%-9.4%25.3%28.2%14.6%22.7%
Adjusted EPS (₹)1.60.60.4-0.50.3-0.41.92.41.82.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Saj Hotels - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 20.8721.4521.8521.2121.5220.9323.2425.9389.28117
Share Capital 2.382.382.382.382.382.382.382.3811.8816.12
Reserves 18.5019.0819.4718.8319.1418.5620.8623.5577.41100.89
Debt +2.874.283.2410.198.526.959.2562.810.21
Long Term Debt2.362.941.808.576.993.162.450.390.320.21
Short Term Debt0.511.341.441.611.543.796.805.602.490
Minority Interest0000000000
Trade Payables0.320.380.870.540.520.340.360.620.340.88
Others Liabilities 1.452.824.644.344.414.192.986.745.826.40
Total Liabilities 25.5028.9230.6036.2834.9732.4135.8339.2998.25124.50

Fixed Assets

Net Fixed Assets +15.4822.8422.5829.5528.0626.8726.9034.6991.6497.06
Gross Block24.5332.5732.9441.1341.2041.2342.3951.28131.20138.51
Accumulated Depreciation9.069.7310.3611.5713.1414.3615.4916.5839.5641.45
CWIP 7.140.893.5900.080.195.200.801.321.43
Investments 0.020.030.030.530.530.510.710.200.200.20
Inventories0.020.030.030.040.040.020.030.070.130.16
Trade Receivables0.020.020.230.230.300.130.090.030.120.22
Cash Equivalents 0.202.040.150.100.210.600.200.100.6217.83
Others Assets 2.623.073.995.825.744.102.703.394.227.61
Total Assets 25.5028.9230.6036.2834.9732.4135.8339.2998.25124.50

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3.843.503.193.723.443.235.497.603.354.69
PBT 2.801.040.50-0.300.54-0.422.973.833.195.62
Adjustment 0.571.201.542.763.022.311.451.363.350.74
Changes in Working Capital 11.251.151.540.041.331.673.26-2.03-0.93
Tax Paid -0.5300-0.27-0.160-0.60-0.86-1.16-0.74
Cash Flow From Investing Activity + -7.27-1.78-3.04-9.25-0.150.14-6.20-4.310.48-8.72
Capex -0.18-1.78-3.07-8.67-0.07-0-1.16-4.88-1.11-7.09
Net Investments -0.02-0.010-0.6200-0.21000.03
Others -7.070.020.030.03-0.080.14-4.830.561.59-1.67
Cash Flow From Financing Activity + 2.750.44-2.045.47-3.17-2.981.80-3.38-3.3221.24
Net Proceeds from Shares 00000000027.56
Net Proceeds from Borrowing 2.290.58-1.146.77-1.75-3.82-0.71-3.25-0.07-0.11
Interest Paid -0.07-0.96-1.01-1.47-1.42-1.41-0.49-0.13-0.09-0.08
Dividend Paid 0000000000
Others 0.530.830.110.17-02.253.010-3.16-6.13
Net Cash Flow -0.682.16-1.89-0.050.120.381.09-0.100.5217.20

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)25.537.595.01-6.293.43-5.3723.4423.3513.2112.01
ROCE (%)32.3815.3910.486.639.775.4318.4419.7616.2417.09
Asset Turnover Ratio0.470.360.360.370.250.150.270.270.210.15
PAT to CFO Conversion(x)2.045.386.93N/A11.1N/A2.392.621.611.23
Working Capital Days
Receivable Days0.600.804.206.8010.7015.604.502.2023.80
Inventory Days0.9011.1011.602.1011.702.503.10
Payable Days79.10100.50201192.90278.80501.70227.30289.90168146.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Saj Hotels Ltd FAQs

The current trading price of Saj Hotels on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Saj Hotels stood at ₹52.33 Cr

The latest P/E ratio of Saj Hotels as of 31-Dec-1969 is 18.14.

The latest P/B ratio of Saj Hotels as of 31-Dec-1969 is 0.44.

The 52-week high of Saj Hotels is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saj Hotels is ₹16.88 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Saj Hotels Ltd is a average quality company.

The key valuation ratios of Saj Hotels Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Saj Hotels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Saj Hotels Ltd

Saj Hotels Limited was originally incorporated as a private limited company under the provisions of the Companies Act, 1956 pursuant to Certificate of Incorporation issued by Registrar of Companies, Maharashtra at Bombay dated February 4, 1981 with the name ‘Saj Hotels Private Limited’. The company is in hospitality sector since the date of incorporation. The company was converted from a private limited company to Public Limited Company pursuant to Special Resolution passed at the Extra-ordinary General Meeting by the shareholders of the Company on October 5, 2023 and the name of the company was changed to ‘Saj Hotels Limited’. A fresh certificate of incorporation consequent to conversion was issued on November 3, 2023 by the Registrar of Companies.

Saj Hotels is engaged in Hospitality industry. It provides a diverse portfolio of Business-to-Business (B2B), Business-to-Business-to-Customer (B2B2C) and Business-to-Customer (B2C) hospitality offerings, spanning from traditional resort accommodation to villa rentals and restaurant and bar properties. It focuses on providing comprehensive services to guests, including food and beverage options, recreational facilities and event hosting capabilities, reflecting a commitment to ensuring a memorable experience for its visitors.

The company offers a range of accommodation options across various destinations, each tailored to provide comfort and convenience. Its resorts have well-appointed rooms and suites, complemented by a variety of dining venues including restaurants, bars and in-room dining services. Its dedicated team provides personalized concierge assistance, access to rejuvenating spa facilities, and a host of recreational activities to ensure a memorable stay for every visitor. The company’s resorts serve as versatile event venues, equipped to host a wide array of gatherings including conferences, weddings, and social events. With comprehensive event planning and management services, it ensures seamless execution and unforgettable experiences for its clients and their guests. 

Business area of the company

Saj Hotels is engaged in Hospitality industry. It provides a diverse portfolio of B2B, B2B2C and B2C hospitality offerings, spanning from traditional resort accommodation to villa rentals and restaurant and bar properties.

History and milestones

  • 1981: Incorporation of the company and acquisition of Saj Resorts (Now, Saj On the Mountain, Mahabaleshwar).
  • 2016: Acquisition and commencement of resort- Saj by the Lake, Malshej (SBTL).
  • 2018: Lease deed with Mahindra Holidays & Resorts India Limited for the resort- Saj on the Mountains, Mahabaleshwar (SOTM).
  • 2018: Entered into partnership in Coast to Coast Hospitality and Lifestyle LLP.
  • 2020: Investment in Perhaps Foods Private Limited (Subsidiary).
  • 2021: Investment in My Own Rooms Dot In Private Limited (50% Associate).
  • 2023: Disinvestment from Perhaps Foods Private Limited (Subsidiary).
  • 2023: Resignation from partnership in Coast to Coast Hospitality and Lifestyle LLP.
  • 2023: Excellence Award for Best Value Leisure Product at the BLTM (Business Leisure Travel MICE) Delhi.
  • 2023: Entered into ‘Agreement for Grant of permission to manage’ restaurant property located at Goa, with the Tamil Sunrise (proprietorship Kishore David Frederick).
  • 2023: Joint Venture for operation of Saj in the Forest, Pench with Shankar Lal Pradhan and SKS Farms & Hotels Private Limited for commencement of resort operations.
  • 2023: Conversion of Company from a Private Limited Company to a Public Limited Company.

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