Saj Hotels Ltd.

Financial

	Saj Hotels	Gujarat Hotels	Royale Manor Hotels
Operational Metrics
Financials
5 yr Average ROE	0.88 %	9.24 %	4.71 %
5yr average Equity Multiplier	1.27	1.07	1.27
5yr Average Asset Turnover Ratio	0.17	0.06	0.28
5yr Avg Net Profit Margin	11.74 %	147.78 %	11.98 %
Price to Book	0.84	2.1	1.47
P/E	25.12	18.76	31.13
5yr Avg Cash Conversion Cycle	-143.87 Days	124.65 Days	-187.14 Days
Inventory Days	4.15 Days	0.0	50.83 Days
Days Receivable	2.04 Days	124.65 Days	27.59 Days
Days Payable	148.48 Days	24.72 Days	366.71 Days
5yr Average Interest Coverage Ratio	19.18	0.0	4.33
5yr Avg ROCE	2.77 %	10.91 %	6.98 %
5yr Avg Operating Profit Margin	31.37 %	83.11 %	17.51 %
5 yr average Debt to Equity	0.17	0.0	0.19
5yr CAGR Net Profit	n/a	18.48 %	11.13 %
5yr Average Return on Assets	1.19 %	8.68 %	3.76 %
Shareholdings
Promoter Holding	62.52 %	53.7 %	53.49 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.44 %	0.0	5.07 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0