BSE: 544090
Sayaji Hotels (Pune) Limited
Operates a hotel property in Pune under the Sayaji Hotels brand, generating revenue from room stays, food and beverage services, and other guest amenities. For FY26, total income from operations stood at Rs 81.3466 crore, up about 6% year-on-year, with a consolidated net profit of Rs 19.4034 crore. The cost structure is dominated by other operating expenses at 36.0% of revenue, followed by employee costs at 17.7% and consumables (food, linen and other materials) at 11.8%, consistent with a hotel's spend on services, staff and F&B supplies. Depreciation is small at 3.0% of revenue and capex was Rs 2.2735 crore for the year. The balance sheet carries essentially no debt, with a debt-to-equity ratio of 0.0028, and a wholly-owned subsidiary named Super Civil tech Private Limited exists alongside the hotel operations though it is not material. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Hotel operations. Single-asset hospitality business with negligible debt and high operating margins.
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 70 | 77 | 81 |
| EBITDA (ex other income) | 24 | 25 | 28 |
| margin % | 34.0 | 32.6 | 34.5 |
| Owners' profit | 17 | 17 | 19 |
| EPS, as reported (₹) | 54.41 | 55.63 | 63.69 |
| ROE % · ROCE % | 25.5 · 32.7 | 20.7 · 27.6 | 19.2 · 25.3 |
| Debt / equity (x) | 0.03 | 0.00 | 0.00 |
| Cash from operations | 8 | 4 | 5 |
| Capex | (1) | (3) | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 18 | 21 | 20 | 19 | 19 | 22 | 22 |
| Profit before tax | 5 | 6 | 7 | 5 | 6 | 6 | 8 | 5 |
| Net profit | 4 | 4 | 5 | 4 | 5 | 5 | 6 | 4 |
| EPS (₹) | 11.99 | 13.76 | 17.89 | 11.99 | 15.02 | 17.51 | 19.24 | 11.92 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| THE INDIAN HOTELS CO. LTD | 1,01,296 | 47.2 | 6.78 | 26.9 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED | 32,182 | 37.1 | 2.75 | 20.9 | 7.0 | 9.0 | — | 37.5 |
| LEELA PALACES HOTEL LTD | 19,603 | 32.4 | 3.04 | 26.1 | 6.2 | 5.9 | — | 43.2 |
| EIH LIMITED | 18,198 | 25.6 | 3.36 | 17.0 | 12.2 | 14.9 | 42.7 | 31.6 |
| CHALET HOTELS LIMITED | 18,067 | 34.2 | 4.89 | 16.5 | 17.4 | 13.6 | 56.6 | 45.5 |
| VENTIVE HOSPITALITY LTD | 13,125 | 27.4 | 1.94 | 11.5 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,710 | 37.0 | 4.19 | 16.0 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,635 | 68.7 | 13.71 | 46.0 | 20.0 | 26.6 | 24.7 | 17.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.7 | 27.3 | 17 of 57 | 71% |
| P/B | 2.6 | 1.7 | 39 of 57 | 32% |
| ROCE | 25.2 | 4.9 | 5 of 65 | 94% |
| ROE | 19.2 | 6.3 | 6 of 57 | 91% |
| Debt / Equity | 0.0 | 0.2 | 14 of 57 | 77% |
| EBITDA margin | 27.1 | 29.5 | 32 of 58 | 46% |
| Revenue growth | 7.6 | 7.6 | 29 of 58 | 51% |
| Profit growth | (0.5) | 11.6 | 30 of 55 | 46% |
| Market cap | 265 | 247 | 33 of 66 | 51% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · RTA files quarterly demat certificate with BSE under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 28 Sept 2026 · Trading Window Closed from Oct 1 Until Q2 FY26 Results Disclosure | compliance | minimal | — | — |
| 4 Sept 2026 · Mrs. Isha Garg appointed as Non Executive Independent Director | management changes | medium | — | — |
| 4 Sept 2026 · Sayaji Hotels (Pune) 8th AGM: All 4 resolutions passed with near 100% approval | compliance | low | — | — |
| 4 Sept 2026 · Sayaji Hotels (Pune) holds 8th AGM; 4 resolutions on FY26 accounts and director changes | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Subsidiary Super Civiltech Gets New Statutory Auditor | management changes | medium | — | — |
| 18 Aug 2026 · Notice of 8th AGM on 4 Sept 2026 via Video Conferencing | compliance | minimal | — | — |
| 18 Aug 2026 · Sayaji Hotels Pune sends AGM notice letters to shareholders without registered emails | compliance | minimal | — | — |
| 17 Aug 2026 · Promoter Sanya Dhanani sells 23,400 shares of Sayaji Hotels (Pune) | ownership changes | medium | — | — |
| 17 Aug 2026 · Promoter Zoya Dhanani exits full 4.16% stake in Sayaji Hotels Pune | ownership changes | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.