Sayaji (Indore) - Sayaji (Indore)

📊 BSE: 544080 🏢 Hotels & Resorts 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Total revenue increased 9.76% YoY to INR 106.13 Cr in FY25 from INR 96.70 Cr in FY24, driven primarily by stable operations in the hospitality segment.

Geographic Revenue Split

100% of revenue is derived from Indore, Madhya Pradesh, where the company operates two properties: Sayaji Hotel Indore and Sayaji Amber Garden.

Profitability Margins

Operating profit margin improved significantly from 13.62% in FY24 to 18.13% in FY25. Net profit margin also increased from 7.47% to 10.00% over the same period.

EBITDA Margin

EBITDA grew 30.80% YoY to INR 26.26 Cr in FY25 from INR 20.08 Cr in FY24, representing an EBITDA margin of approximately 24.74%.

Capital Expenditure

The company is undertaking an INR 180 Cr project to set up the 240-room Amber Hotel and Convention Centre in Indore, with approximately 20% completion as of March 2025.

Credit Rating & Borrowing

CRISIL BBB/Stable rating reaffirmed for bank loan facilities, which were enhanced from INR 50 Cr to INR 125 Cr to fund the Amber Hotel project.

⚙️ Operational Drivers

Raw Materials

Primary operational inputs include food, beverages, and consumables, though specific percentage splits of total costs are not disclosed.

Capacity Expansion

Current capacity includes 214 rooms at Sayaji Hotel Indore plus the Amber Garden event space. Planned expansion includes a 240-room hotel (Amber Hotel) expected to be operational by H2 FY26.

Raw Material Costs

Rising operational costs for food and labor are noted as challenges, though the company improved inventory management to mitigate impacts.

Manufacturing Efficiency

Maintained a high occupancy rate of 85% over the last two fiscals with an average room rent (ARR) between INR 5,500 and INR 6,000.

📈 Strategic Growth

Expected Growth Rate

12-15%

Growth Strategy

Growth will be achieved through the operationalization of the new 240-room Amber Hotel and Convention Centre in H2 FY26, which is expected to significantly increase the scale of operations and revenue.

Products & Services

4-star and 5-star hotel rooms, banquet halls, convention centers, and food and beverage services.

Brand Portfolio

Sayaji, Effotel, and Enrise.

New Products/Services

Amber Hotel and Convention Centre (240 rooms) is the primary new service launch expected to contribute to revenue from FY26 onwards.

Market Expansion

Focus remains on consolidating the position in Indore, a key Tier-II hospitality hub, through the Amber Hotel project.

🌍 External Factors

Industry Trends

The Indian hospitality sector grew 12-15% in FY25, driven by domestic tourism and a 10% rise in foreign tourist arrivals; the market is expected to reach US$ 52 billion by FY27.