Sayaji Hotels Limited (SAYAJIHOTL.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+12.1%

₹325.10

vs ₹290.05 price

Levered DCF

₹263.65

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-76.12×	243.56×	35.31×	14.46×	15.29×	-8.71×	-24.92×	-33.84×
P/B	3.1×	3.16×	3.19×	1.97×	2.28×	4.57×	6.83×	3.54×
P/S	3.23×	3.64×	4.53×	4.26×	3×	6.36×	2.28×	2.01×
EV / EBITDA	16.31×	16.66×	15.1×	12.25×	5.93×	29.55×	14.85×	14.17×
Gross margin	17.7%	25.5%	57.9%	32.3%	21.2%	-9.5%	49.1%	48.1%
Operating margin	8.8%	15.3%	23.6%	20.1%	14.7%	-21.1%	8.6%	7.6%
Net margin	-4.2%	1.5%	12.8%	30.5%	20.3%	-66.2%	-8.6%	-5.5%
Current ratio	1.4×	0.85×	1.94×	1.37×	1.49×	0.83×	0.91×	0.82×
Debt / equity	0.81×	0.94×	0.35×	0.32×	0.6×	1.35×	3.38×	0.9×
Interest coverage	0.96×	2.03×	3.57×	2.92×	1.22×	-0.74×	0.77×	1.04×
Dividend yield	0.0%	0.0%	1.8%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	62.2%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-4.1%	1.3%	9.0%	14.1%	15.4%	-47.6%	-25.7%	-9.7%
Return on invested capital	4.6%	2.8%	9.1%	3.1%	4.8%	-5.2%	4.8%	6.2%
Return on assets	-2.1%	0.6%	6.3%	9.5%	8.7%	-15.5%	-5.1%	-4.0%
Free cash flow yield	2.2%	-2.4%	9.2%	6.8%	6.6%	2.2%	8.8%	3.5%
Earnings yield	-1.3%	0.4%	2.8%	7.2%	6.7%	-10.4%	-3.8%	-2.7%
Enterprise value	₹6B	₹6.5B	₹5.6B	₹5.7B	₹5.9B	₹6.3B	₹7.3B	₹6.1B
Net debt / EBITDA	3.29×	3.75×	1.41×	1.67×	1.01×	6.59×	4.85×	2.77×
Cash conversion cycle (days)	52	36	39	75	38	61	47	47