- CIN
- U55101MH2004PLC148212
- ISIN
- —
- Incorporated
- 20 Aug 2004
- Registered state
- Maharashtra
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Business overview
Sahyadri Hospitality Group Limited owns and manages hotels and resorts across leisure and business locations, with 28 properties and 3,140 keys, concentrated in Maharashtra, Goa and Rajasthan, running at an average occupancy of 71% in FY2026. Owning the real estate rather than managing it means the balance sheet is heavy, but it also means the operating leverage on a rising average room rate is unusually strong. The company is currently unlisted with no publicly announced listing timeline, and shares change hands only through negotiated off-market transfers.
Key highlights
- Average room rate up 12% year on year
- Occupancy of 71% against 64% two years ago
- Eight properties under management contracts, twenty owned
- Debt reduction of ₹120 crore over two years
Financial snapshot
FY2026 · Audited · Source: Audited annual report
- Revenue FY2026
- ₹1,420.00 Cr
- EBITDA
- ₹468.00 Cr
- PAT
- ₹186.00 Cr
- Net worth
- ₹1,640.00 Cr
- Total debt
- ₹1,120.00 Cr
- Cash & equivalents
- ₹140.00 Cr
- Operating cash flow
- ₹386.00 Cr
- EPS
- ₹5.54
Management & board
- IBSince 2020
Ira Banerjee
Managing Director & CEO
Has led Sahyadri Hospitality since 2020 and previously held senior operating roles in the same sector.
- RBSince 2022
Rakesh Bhatt
Chief Financial Officer
- RMSince 2011
Ritu Menon
Executive Director — Operations
- VDSince 2012
Vikram Deshpande
Company Secretary & Compliance Officer
- NRSince 2013
Neha Reddy
Independent Director
Reported financials · FY2024–FY2026
Figures in ₹ crore unless stated. Every column carries its own source and audit status.
| Particulars | FY2026Audited | FY2025Audited | FY2024Audited | YoY |
|---|---|---|---|---|
| Profit & loss | ||||
| Revenue | ₹1,420 Cr | ₹1,180 Cr | ₹942 Cr | +20.3% |
| EBITDA | ₹468 Cr | ₹368 Cr | ₹268 Cr | +27.2% |
| Profit after tax | ₹186 Cr | ₹128 Cr | ₹68 Cr | +45.3% |
| Earnings per share | ₹5.54 | ₹3.81 | ₹2.02 | — |
| Balance sheet | ||||
| Net worth | ₹1,640 Cr | ₹1,480 Cr | ₹1,380 Cr | +10.8% |
| Total debt | ₹1,120 Cr | ₹1,180 Cr | ₹1,240 Cr | — |
| Cash & equivalents | ₹140 Cr | ₹118 Cr | ₹96 Cr | — |
| Total assets | ₹3,240 Cr | ₹3,080 Cr | ₹2,940 Cr | — |
| Book value per share | ₹48.81 | ₹44.05 | ₹41.07 | — |
| Cash flow | ||||
| Operating cash flow | ₹386 Cr | ₹312 Cr | ₹238 Cr | — |
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- FY2026 · Audited annual report · period ended 31 Mar 2026 · last updated in the back office 13 Sep 2026
- FY2025 · Audited annual report · period ended 31 Mar 2025
- FY2024 · Audited annual report · period ended 31 Mar 2024
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio on this tab is derived from the reported figures in the Financials tab and the indicative price in the header — nothing here is a stored value. A ratio that cannot be justified is shown as — with the reason, rather than as a negative or a zero. Ratios move when the indicative price moves.
Size
Balance-sheet items as at FY2026
- Market cap
- ₹12,970 Cr
- Enterprise value
- ₹13,950 Cr
- Indicative price
- ₹386
- Shares outstanding
- 33,60,00,000
Indicative price × shares outstanding
Market cap + debt − cash
Valuation multiples
- P/E
- 69.7x
- P/B
- 7.9x
- EV / EBITDA
- 29.8x
- EPS
- ₹5.54
- Book value / share
- ₹48.81
- Debt / equity
- 0.7x
On FY2026 PAT
Returns & margins
- ROE
- 11.3%
- ROCE (EBITDA basis)
- 17.0%
- EBITDA margin
- 33.0%
- PAT margin
- 13.1%
- Revenue growth
- 20.3%
- Cash / market cap
- 1.1%
EBITDA ÷ (net worth + debt)
Indicative price snapshots
Each point is a dated dealer-quote average. There is no continuous trading behind these numbers, so no daily series is drawn.
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Snapshot log
| Date | Indicative price | Change | Source |
|---|---|---|---|
| 20 Sep 2026 | ₹386 | +5.30% | Dealer desk average, 3 quotes |
| 20 Aug 2026 | ₹367 | -0.04% | Dealer desk average |
| 20 Jul 2026 | ₹367 | +5.51% | Dealer desk average |
| 20 Jun 2026 | ₹348 | +2.06% | Dealer desk average |
| 20 May 2026 | ₹341 | +0.41% | Dealer desk average |
| 20 Apr 2026 | ₹339 | +2.33% | Dealer desk average |
| 20 Mar 2026 | ₹331 | +3.45% | Dealer desk average |
| 20 Feb 2026 | ₹320 | +1.84% | Dealer desk average |
| 20 Jan 2026 | ₹315 | +0.61% | Dealer desk average |
| 20 Dec 2025 | ₹313 | +1.09% | Dealer desk average |
| 20 Nov 2025 | ₹309 | +1.17% | Dealer desk average |
| 20 Oct 2025 | ₹306 | +2.35% | Dealer desk average |
| 20 Sep 2025 | ₹299 | — | Dealer desk average |
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Change is measured against the previous snapshot, not against a calendar period, because snapshots are not collected on a fixed schedule. The header percentages use fixed windows and may not tie exactly to this column.
Corporate actions & events
Dated events sourced from company filings and registrar records.
- Board22 Feb 2026
Appointment of an independent director
Board strengthened with an additional independent director following a nomination-committee review.
Company filing / RoC
- Fund raise11 Jan 2026
Preferential allotment to institutional investors
Fresh equity issued to a small group of institutional investors at a board-approved price.
Company filing / RoC
- Bonus16 Aug 2025
Bonus issue in the ratio 1:2
Board approved a bonus issue; record date notified to shareholders on file.
Company filing / RoC
- Dividend21 Jan 2025
Final dividend declared
Dividend recommended by the board, subject to shareholder approval at the AGM.
Company filing / RoC
IPO / listing status
- Current stage
- Unlisted
- DRHP filed
- —
- RHP filed
- —
- Expected window
- —
- Registrar
- —
- Book-running managers
- —
No listing application has been made. Any exit before a listing depends on finding a counterparty in the off-market.
Research
Information currently unavailable
No research has been published on Sahyadri Hospitality yet. Sector notes that mention it will appear here when they are.
Documents
Public documents open directly. Private documents are released to verified clients on request.
| Document | Type | FY / date | Source | Access |
|---|---|---|---|---|
| Annual Report FY20264.2 MB | Annual report | FY2026 | Company | Download |
| Annual Report FY20253.8 MB | Annual report | FY2025 | Company | Download |
| Audited financial statements — three-year summary620 KB | Financials | FY2024–FY2026 | Statutory filings | Download |
| Investor presentation9.1 MB | Presentation | 2026-07-15 | Company | On request |
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Risk assessment
Our own reading of the disclosed information. Treat the levels as judgement, not as fact.
Leverage
HighOwned-asset model carries significant debt against cyclical revenue.
Demand cycle
MediumLeisure demand normalises after unusually strong years.
Concentration
LowThree states account for most keys.
Risks common to every unlisted holding. You may not find a buyer when you want one, at any price. A listing may be delayed indefinitely or may never happen, and shares can list below the price at which they changed hands in the unlisted market. Disclosure by unlisted companies is thinner than by listed ones, and the indicative price is based on infrequent dealer quotes rather than continuous trading.