One of the micro-caps stocks engaged in the hospitality industry, providing a variety of services, including resort accommodations, villa rentals, and restaurant and bar facilities. The stock has jumped by 7.99 percent after entering into the new segments of Quick Service Restaurant.
Stock Price Movement:
In Tuesday’s trading session, Saj Hotels Limited‘s share jumped by 7.99 percent from the previous close of Rs. 53.80. The stock opened at Rs. 54 and is currently trading at Rs. 58.10, with a high of Rs. 63.40 and a low of Rs. 54. The market capitalization now stands at approximately Rs. 93.69 crore.
What Happened:
Saj Hotels Limited launches into the Quick Service Restaurant (QSR) market with ‘Daily Dosa’, launching its first outlet in Mumbai’s Andheri West. The strategic expansion aims to innovate traditional dosa offerings and provide a unique dining experience in the competitive fast-food landscape.
Business Operations:
Saj Hotels specializes in resort accommodations, villa rentals, and diverse dining options, with resorts in scenic locations like Mahabaleshwar and Malshej Ghat.
The company caters to leisure and business segments and provides tailored experiences for family vacations, corporate retreats, and social gatherings, blending natural beauty with premium hospitality.
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Key Locations
Saj Hotels Limited’s key locations include the Mahabaleshwar Resort, celebrated for its stunning landscapes, and the Malshej Ghat Resort, offering a peaceful retreat surrounded by nature’s beauty.
IPO Details:
Saj Hotels Limited came for an Initial Public Offering (IPO) scheduled from September 27 to October 1, 2024. The IPO aims to raise approximately Rs. 27.63 crores by offering 42.5 lakh equity shares at an issue price of Rs. 65 per share. This move is part of the company’s strategy to fund capital expenditures for expanding existing resort properties and enhancing working capital requirements
Recent quarter results and ratios:
Saj Hotels Limited’s revenue has increased from Rs. 7.20 crore in Q2 FY24 to Rs. 7.26 crore in Q2 FY25, which has grown by 0.83 percent. The net profit of Saj Hotels Limited has also grown by 2.82 percent, from Rs. 1.77 crore in Q2 FY24 to Rs. 1.82 crore in Q2 FY25.
In terms of return ratios, the company’s ROCE and ROE should be 5.06 percent and 3.95 percent, respectively. The debt-to-equity ratio of the company is to be 0.03x, which shows the company is almost debt-free. Saj Hotels Limited’s EPS is to be Rs. 2.91.
Company Overview
Saj Hotels Limited was incorporated in February 1981 and is headquartered in Mumbai, Maharashtra. The company is a prominent player in the hospitality sector, primarily operating a chain of resorts and restaurants across Maharashtra, Goa, and Madhya Pradesh.
The company has developed a reputation for providing serene and luxurious accommodations, making it a favored destination for leisure travelers, families, and corporate retreats.
Written By – Nikhil Naik
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