SINCLAIRS HOTELS LIMITED

Operates a chain of 10 hotels and resorts across Indian leisure destinations including Darjeeling, Gangtok, Ooty, Port Blair, and West Bengal properties in Siliguri, Chalsa, Kalimpong and Burdwan. Earns revenue from room rentals, food and beverage, and banquet/wedding events, with FY26 revenue from operations of Rs. 59.24 crore, up about 11% year-on-year, helped by a new 95-room Sinclairs Palace Retreat Udaipur that began operations in August 2025. That Udaipur property was later shut by cancelling the lease effective June 30, 2026 after running continuous losses, with management refocusing on West Bengal where the brand has strong recognition. The company is investing about Rs. 5 crore to build wedding event facilities at Kalimpong and Chalsa and adding 114 rooms across Chalsa (70), Kalimpong (20) and Burdwan (24), funded through internal accruals. The largest cost lines in FY26 were other operating expenses at 30.1% of revenue and employee costs at 23.7%, with materials (food, consumables) at 14.2% and depreciation at 12.3%. The company is debt-free, has paid dividends for 17 consecutive years, and promoter holding stands at 63.63% with zero pledged shares.