SAJHOTELS
Saj Hotels financials
- Market cap
- ₹58 Cr
- Sector
- Consumer Services
Quarterly results
Q4 FY26: revenue down 1.5%, net profit down 5.6% against the same quarter last year.
| Line item | Q4 FY24 | Q1 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 3 | 5 | 5 | 4 +4% | 4 +27% | 5 −5% | 5 −1% |
| EBITDA | 1 | 1 | 2 | 1 | 0 −80% | 1 +34% | 2 +6% | 2 +32% |
| Net profit | 4 | 0 | 1 | 1 | 0 −99% | 1 +155% | 1 −14% | 1 −6% |
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 −47.1% 1Y
1Y: ₹70 on 9 Sept 2025 → ₹37. High ₹76.45 (19 Sept 2025), low ₹26.55 (9 Jul 2026).
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹17 Cr |
| Operating profit | ₹5 Cr |
| Operating margin | 31.5% |
| Interest | ₹2 Cr |
| Depreciation | ₹2 Cr |
| Net profit | ₹3 Cr |
| Net margin | 16.4% |
| Cash from operations | ₹-1 Cr |
| Free cash flow | ₹-8 Cr |
| ROCE | 5.0% |
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 | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹12 Cr | ₹16 Cr | ₹16 Cr |
| Reserves | ₹17 Cr | ₹80 Cr | ₹83 Cr | ₹77 Cr | ₹102 Cr | ₹104 Cr |
| Borrowings | ₹9 Cr | ₹11 Cr | ₹6 Cr | ₹3 Cr | ₹20 Cr | ₹23 Cr |
| Other liabilities | ₹4 Cr | ₹4 Cr | ₹7 Cr | ₹6 Cr | ₹4 Cr | ₹3 Cr |
| Total liabilities | ₹33 Cr | ₹96 Cr | ₹99 Cr | ₹98 Cr | ₹143 Cr | ₹145 Cr |
| Fixed assets | ₹28 Cr | ₹89 Cr | ₹93 Cr | ₹92 Cr | ₹98 Cr | ₹98 Cr |
| Capital work in progress | ₹0 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹3 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Other assets | ₹5 Cr | ₹4 Cr | ₹5 Cr | ₹5 Cr | ₹42 Cr | ₹44 Cr |
| Total assets | ₹33 Cr | ₹96 Cr | ₹99 Cr | ₹98 Cr | ₹143 Cr | ₹145 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 Mar 2026
Since Mar 2025, the public trimmed −2.51 pp while promoters added +2.18 pp. The shareholder count shrank 22% to 746.
- Promoters
- 64.3%
- FIIs
- 0.0%
- DIIs
- 0.3%
- Public
- 35.4%
Since Mar 2025
- Public −2.51 pp
- Promoters +2.18 pp
- DIIs +0.29 pp
How it drifted, 6 quarters
Over this window the public fell from 38.0% to 35.4% — −2.6 pp.
Ownership split by quarter, oldest first. Dec '24: Promoters 62.0%, Public 38.0%.Mar '25: Promoters 62.1%, Public 37.9%.Jun '25: Promoters 62.5%, Public 37.5%.Sep '25: Promoters 63.3%, FIIs 0.0%, DIIs 0.1%, Public 36.5%.Dec '25: Promoters 63.9%, FIIs 0.0%, DIIs 0.2%, Public 35.8%.Mar '26: Promoters 64.3%, FIIs 0.0%, DIIs 0.3%, Public 35.4%.
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Devesh Sumant Pendharkar newly disclosed 3.20% held
- Gunjan newly disclosed 1.08% held
- Llp newly disclosed 0.31% held
- La Tim Lifestyle & Resorts Ltd +0.27 pp 2.23% held
- Kartik Maganlal Timbadia +0.07 pp 2.02% held
- Bhatiben Kamdar �� newly disclosed 0.00% held
- Latim Metal & Industries Limited newly disclosed 0.00% held
- Manan Doshi newly disclosed 0.00% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Saj Hotels Ltd above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| Rahul Maganlal Timbadia | 58.07% | unchanged |
| Reina R Jaisinghani | 6.20% | unchanged |
| Devesh Sumant Pendharkar | 3.20% | newly disclosed |
| La Tim Lifestyle & Resorts Ltd | 2.23% | +0.27 pp |
| Kartik Maganlal Timbadia | 2.02% | +0.07 pp |
| Karna Kartik Timbadia | 1.93% | unchanged |
| Sandeep Singh | 1.36% | −0.67 pp |
| Sodhani Capital | 1.24% | unchanged |
| Gunjan | 1.08% | newly disclosed |
| Llp | 0.31% | newly disclosed |
| Bhatiben Kamdar �� | 0.00% | newly disclosed |
| Latim Metal & Industries Limited | 0.00% | newly disclosed |
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 Saj Hotels Ltd
Guides on how to read this kind of business and the numbers that matter.