544080
Sayaji (Indore) financials
- Market cap
- ₹391 Cr
- Sector
- Consumer Services
What Sayaji (Indore) does
Sayaji Hotels (Indore) Limited owns and operates the Sayaji Indore hospitality property in Madhya Pradesh, combining hotel accommodation with food & beverage operations. The property runs six distinct in-house dining brands: Cravings (all-day multi-cuisine dining serving breakfast, lunch, hi-tea and dinner across Indian, Asian, Italian and global cuisines), Blue Lagoon (poolside restaurant with an international menu), Chopstick City (Chinese/Asian delicacies), Mediterra (rooftop restaurant with global cuisine), Kebabsville (poolside grills and barbeque) and Sanchi (Pan-Indian fine dining). The company has no associate companies, joint ventures or subsidiaries and operates this single property as a standalone entity.
Segments
- Hotel accommodation
- Food & beverage / restaurants
- In-house dining brands at Sayaji Indore
- 6 (Cravings, Blue Lagoon, Chopstick City, Mediterra, Kebabsville, Sanchi)
- Hotel properties operated
- 1 (Sayaji Indore, Madhya Pradesh)
Quarterly results
Q1 FY27: revenue up 11.6%, net profit down 11.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 30 | 30 | 24 | 21 −4% | 32 +6% | 30 +0% | 27 +12% |
| EBITDA | 4 | 8 | 8 | 5 | 3 −19% | 11 +31% | 4 −46% | 5 −9% |
| Net profit | -0 | 5 | 4 | 2 | 0 +1000% | 6 +29% | 0 −96% | 2 −12% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +16.6% 1Y
1Y: ₹1,101 on 9 Sept 2025 → ₹1,284. High ₹1,400 (2 Jul 2026), low ₹0 (15 Oct 2025).
Financials, as filed
Revenue grew 5.3% a year over 2 years, FY24 to FY26. Operating margin widened to 22.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹96 Cr | ₹106 Cr | ₹107 Cr |
| Operating profit | ₹20 Cr | ₹26 Cr | ₹24 Cr |
| Operating margin | 20.3% | 24.4% | 22.2% |
| Interest | ₹4 Cr | ₹6 Cr | ₹6 Cr |
| Depreciation | ₹6 Cr | ₹7 Cr | ₹7 Cr |
| Net profit | ₹7 Cr | ₹11 Cr | ₹8 Cr |
| Net margin | 7.5% | 10.0% | 7.5% |
| Cash from operations | ₹18 Cr | ₹25 Cr | ₹16 Cr |
| Free cash flow | ₹-3 Cr | ₹-6 Cr | ₹-65 Cr |
| ROCE | 16.0% | 19.0% | 12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Reserves | ₹0 Cr | ₹0 Cr | ₹42 Cr | ₹49 Cr | ₹61 Cr | ₹67 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹33 Cr | ₹42 Cr | ₹79 Cr | ₹132 Cr |
| Other liabilities | ₹0 Cr | ₹0 Cr | ₹18 Cr | ₹18 Cr | ₹22 Cr | ₹23 Cr |
| Total liabilities | ₹0 Cr | ₹0 Cr | ₹96 Cr | ₹112 Cr | ₹165 Cr | ₹225 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹72 Cr | ₹73 Cr | ₹69 Cr | ₹68 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹14 Cr | ₹61 Cr | ₹112 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹0 Cr | ₹0 Cr | ₹23 Cr | ₹25 Cr | ₹35 Cr | ₹45 Cr |
| Total assets | ₹0 Cr | ₹0 Cr | ₹96 Cr | ₹112 Cr | ₹165 Cr | ₹225 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +38.16 pp while the public trimmed −38.15 pp. The shareholder count shrank 3% to 1,308.
- Promoters
- 79.5%
- Public
- 20.5%
Since Jun 2025
- Promoters +38.16 pp
- Public −38.15 pp
How it drifted, 11 quarters
Over this window promoters went from 75.0% to 79.5% — +4.6 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 75.0%, Public 25.1%.Mar '24: Promoters 75.0%, Public 25.1%.Jun '24: Promoters 75.0%, Public 25.1%.Sep '24: Promoters 44.1%, Public 55.9%.Dec '24: Promoters 44.1%, Public 55.9%.Mar '25: Promoters 44.1%, Public 55.9%.Jun '25: Promoters 41.4%, Public 58.6%.Sep '25: Promoters 80.7%, Public 19.4%.Dec '25: Promoters 80.7%, Public 19.4%.Mar '26: Promoters 80.7%, Public 19.4%.Jun '26: Promoters 79.5%, Public 20.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Zuber Yusuf Dhanani +4.92 pp 4.92% held
The same filing shows 5 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Sayaji (Indore) above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Century 21 Officespace Private Limited | 30.34% | unchanged |
| Anisha Raoof Dhanani | 10.96% | −0.16 pp |
| Suchitra Dhanani | 9.33% | unchanged |
| Deepder Real Estate LLP | 7.68% | unchanged |
| Mp Entertainment And Developers Private Limited | 5.83% | −0.39 pp |
| Raoof Razak Dhanani | 5.68% | unchanged |
| Zuber Yusuf Dhanani | 4.92% | +4.92 pp |
| Azhar Yusuf Dhanani | 4.82% | unchanged |
| Abdul Gani Sarfaraz Yusuf Dhanani | 4.29% | unchanged |
| Sanya Dhanani . | 3.39% | −0.77 pp |
| Rohini S. Udar | 3.00% | unchanged |
| Print Solutions Private Limited | 2.73% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Sayaji (Indore)
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