September 27, 2024 - October 1, 2024

Saj Hotels IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to Saj Hotels IPO.

Saj Hotels IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	1	0	0	0	0
%	100.00	0.00	0.00	0.00	0.00

Saj Hotels IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply

Saj Hotels IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is engaged in the business of hospitality and operating on B2B2C model. It has marked slow but steady progress in its financial performances post the Pandemic. However, for FY24 it suffered a minor setback due to heavy rains and amortization provisions on expansion plans afoot. The ongoing fancy for hospitality counters augurs well for this issue. Though based on FY24 earnings, the issue appears aggressively priced, considering the expansion and the B2B business rising demand, Investors may park funds for the medium to long term. Read detail review...

Saj Hotels IPO Peer Comparison

Saj Hotels Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Saj Hotels Limited	2.90	2.90	14.61	22.41	19.91	4.45
Royale Manor Hotels & Industries Ltd.	2.21	2.21	20.59	23.10	7.67	2.06	Consolidated
Jindal Hotels Ltd.	3.43	3.43	28.81	30.40	11.97	3.85	Consolidated

Source:

The Company's financial figures are based on restated audited financial statements for the financial year ended on March 31, 2024, unless provided otherwise. Concerning Industry peers, all the financial information mentioned above is consolidated (unless otherwise available only on a standalone basis) and sourced from the audited financial statements/Annual Reports of the respective companies for the year ended March 31, 2024, unless provided otherwise.

Notes:

EPS is the consolidated Basic Earnings Per Share for the year ended March 31, 2024
P/E Ratio or Price Earning Ratio has been computed based on the Closing Market Price of the share as of date i.e. September 12, 2024
RoNW or Return on Net Worth has been computed as consolidated Net profit after tax attributable to the owners of the company divided by consolidated Net worth at the end of the year ended March 31, 2024
NAV per equity share or Net Asset Value per share has been calculated as consolidated Net worth divided by the weighted average number of equity shares outstanding as on March 31, 2024
Issue price/market price is taken as on September 12, 2024

Saj Hotels IPO Review by Members

Saj Hotels IPO Reviews, analysis and views by popular members. Read Saj Hotels Limited IPO reviews by retail investors to find recommended ipo to buy.

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Saj Hotels IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	1
%	0.00	0.00	0.00	100.00

Member	Review
chIPOrgarh (300 Posts)	Avoid Corporate guarantee > than combined total revenue of last two years. 1\| September 24, 2024 10:06:42 PM

Member

Review

chIPOrgarh (300 Posts)

Avoid

Corporate guarantee > than combined total revenue of last two years.

September 24, 2024 10:06:42 PM

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