On 6 Nov 2026, Sinclairs Hotels was priced at ₹75.34, or 35.9× trailing earnings, against an industry P/E of 28.0×, and the shares are 18% below their 52-week high. Sales grew 3.3% a year over 3 years while net profit fell 34%; its ROCE of 9.4% is the second-lowest among the 7 largest Lodging peers. Debt is 0.28× equity, and its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹386 Cr, ranked 26th of 54 Lodging companies by market cap; the shares fell 16% over the past year.
- ₹73.61
- ₹77.99
- ₹72.60
- ₹76.82
- 10.4K
Health check
- ReturnsIn line
−15.7% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 35.9 vs industry 28.0.
- GrowthSlow
Sales +3.3%, profit −33.8% a year over 3 years.
- ProfitabilityWeak
ROCE 9.4% vs peer median 16.2%.
- Balance sheetStretched
Debt 0.28× equity, interest covered 5.1×, Piotroski 3 of 9.
- Red flags1 to check
Return on equity is low at 7.6%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹386 Cr
- Small cap
- P/E
- 35.9
- Industry 28.0
- Price to book
- 3.19
- Peers 4.46
- Dividend yield
- 1.04%
- ROE
- 7.6%
- Peers 16.5%
- ROCE
- 9.4%
- Peers 16.2%
- Debt to equity
- 0.28
- Debt ₹34 Cr
- EPS (TTM)
- ₹2.10
- Face value ₹2
- OPM (TTM)
- 28.1%
- Net margin 16.9%
- Sales growth
- +28.4%
- Latest quarter vs a year ago
- Profit growth
- +27.9%
- Latest quarter vs a year ago
- Price to sales
- 6.06
- EV/EBITDA 16.3
Strengths and risks
Strengths
- Quarterly profit up 27.9% on a year ago.
- Quarterly sales up 28.4% on a year ago.
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 62.7% to 64.5%.
Risks to check
- Return on equity is low at 7.6%.
About Sinclairs Hotels
Sinclairs Hotels Limited operates in the hospitality sector in India. The company operates a chain of hotels and resorts under Sinclairs brand name, including Sinclairs Burdwan, Sindlairs Siliguri, Sinclairs Darjeeling, Sinclairs Retreat Kalimpong, and Sinclairs Retreat Dooars in West Bengal; Sinclairs Gangtok in Sikkim. It also operates Sinclairs Palace Retreat Udaipur in Rajasthan; Sinclairs Retreat Ooty in Tamil Nadu; and Sinclairs Bayview Port Blair…
- Headquarters
- Kolkata
- Employees
- 447
- Sector
- Consumer Cyclical
- ISIN
- INE985A01022
- Website
- sinclairsindia.com
Price range
- Avg volume (3M)
- 25.5K
- 1-year return
- minus 15.7%
- From 52-week high
- minus 17.6%
Peers · Lodging
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INDHOTELIndian Hotels Co. | 888.00 | plus 1.49% | 1,26,401 | 57.2 | 9.27 | 17.4% | 16.5% | 32.9% | 18.6% | 27.6% | 0.37% | plus 17.7% |
| THELEELALeela Palaces Hotels & Resorts | 692.30 | plus 0.37% | 23,120 | 37.2 | 3.53 | 8.3% | 7.2% | 48.9% | 21.1% | – | 0.00% | plus 56.7% |
| EIHOTELEIH | 313.05 | plus 1.72% | 19,577 | 27.5 | 3.72 | 16.2% | 12.7% | 34.1% | 13.3% | 25.9% | 0.48% | minus 22.9% |
| CHALETChalet Hotels | 810.70 | minus 1.52% | 17,754 | 30.1 | 4.46 | 16.6% | 19.1% | 44.1% | 34.9% | 52.1% | 0.25% | minus 14.4% |
| VENTIVEVentive Hospitality | 540.55 | plus 1.53% | 12,624 | 28.0 | 2.23 | 9.7% | 8.3% | 43.2% | 13.0% | – | 0.00% | minus 27.8% |
| LEMONTREELemon Tree Hotels | 117.39 | minus 0.12% | 9,295 | 36.1 | 6.16 | 13.5% | 17.8% | 47.5% | 16.3% | 25.6% | 0.00% | minus 30.0% |
| ITDCIndia Tourism Development Corporation | 630.65 | minus 0.30% | 5,409 | 65.6 | 12.80 | 26.6% | 21.1% | 17.0% | 4.6% | 14.5% | 0.47% | plus 3.2% |
| SINCLAIRSinclairs Hotels | 75.34 | minus 1.93% | 386 | 35.9 | 3.19 | 9.4% | 7.6% | 31.7% | 3.3% | −33.8% | 1.04% | minus 15.7% |
| Median of 7 peers | – | 0.37% | 17,754 | 36.1 | 4.46 | 16.2% | 16.5% | 43.2% | 16.3% | 25.9% | 0.25% | −14.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 15.7 | 9 | 17.8 | 16.8 | 20.1 | |
| 9.7 | 9 | 10.6 | 14.5 | 11.8 | |
| 5.9 | 0 | 7.2 | 2.3 | 8.4 | |
| 37.9% | 0.1% | 40.6% | 13.5% | 41.6% | |
| 3.8 | 0.8 | 2.9 | 0 | 4.6 | |
| 0.5 | 0.8 | 0.8 | 0.8 | 0.8 | |
| 1.4 | 2 | 2 | 2 | 2 | |
| – | −0.8 | – | – | – | |
| 7.8 | −2.8 | 7.4 | −0.5 | 10.2 | |
| 21.2% | 26.3% | 21.6% | −72.0% | 22.2% | |
| 6.2 | −2 | 5.8 | −0.9 | 7.9 | |
| 1.21 | -0.40 | 1.12 | -0.16 | 1.54 |
Profit & loss
- Sales CAGR 3Y
- +3.3%
- Profit CAGR 3Y
- −33.8%
- EPS CAGR 3Y
- −32.4%
- ROE
- 7.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 53.8 | 55.9 | 53.4 | 59.2 | |
| – | +3.9% | minus 4.4% | +10.9% | |
| 31.7 | 33.5 | 34.8 | 39.3 | |
| 22.1 | 22.4 | 18.6 | 19.9 | |
| 41.1% | 40.0% | 34.9% | 33.7% | |
| 1 | 0.8 | 0.7 | 1.7 | |
| 1.1 | 1 | 1.7 | 2.9 | |
| 4.7 | 4.9 | 5 | 7.3 | |
| 21.2 | 8.1 | 5.2 | 0.6 | |
| 38.4 | 25.4 | 17.8 | 11.9 | |
| 18.8% | 19.2% | 21.4% | 24.2% | |
| 31.2 | 20.5 | 14 | 9.1 | |
| – | minus 34.2% | minus 31.9% | minus 35.3% | |
| 5.72 | 3.87 | 2.73 | 1.77 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.4 | 10.3 | 10.3 | 10.3 | |
| 123 | 97 | 106 | 111 | |
| 10.8 | 10.2 | 20.6 | 34.4 | |
| 12.9 | 11.9 | 11.9 | 11.9 | |
| 152 | 129 | 149 | 167 | |
| 55.1 | 50.9 | 60.3 | 74.7 | |
| – | – | 0 | 0.5 | |
| 14.1 | 14 | 8.9 | 23.7 | |
| 78.3 | 58.9 | 70.4 | 64.3 | |
| 4.7 | 5.5 | 8.9 | 4.3 | |
| 152 | 129 | 149 | 167 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.8 | 15.5 | 10.6 | 20.9 | |
| −0.7 | 28.7 | −3 | −8.7 | |
| −16.9 | −43.5 | −7.8 | −12.4 | |
| 0.2 | 0.7 | −0.3 | −0.2 | |
| −6.2 | −0.6 | −2.3 | −1.5 | |
| 11.6 | 14.9 | 8.3 | 19.4 | |
| −2.7 | −4.1 | −5.1 | −4.1 |
Shareholding pattern
- Promoters64.49%
- Public35.51%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 64.49% | 35.51% | plus 0.48 | |
| 30 Jun 2026 | 64.01% | 35.99% | plus 0.41 | |
| 31 Mar 2026 | 63.60% | 36.40% | plus 0.94 | |
| 31 Dec 2025 | 62.66% | 37.34% | 0.00 | |
| 30 Sep 2025 | 62.66% | 37.34% | – |
Major shareholders
Filings & events
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