Scrip scan:-Sayaji hotels
The introduction:-Booming tourism industry and higher business travel has led to insufficient rooms in indian hotel industry. As a result,most hotels in all categories are enjoying best ever occupancy as well as arpu.Hotel industry is expected to do much better for next 2-3 years.
In such a scenario, sayaji hotels appears a good pick. Promoted by dharani family of Indore, company has hotels in Baroda and indore.In fact,Indore property enjoys a dominant position in Indore city with its central location.Sayaji faces very little competition in Indore.Indore hotel offers full marriage package which is very popular and big money spinner for the company.
Future prospects:Company has been performing exceedingly well.It is estimated that sayaji should earn revenue of rs. 80 crs. And net profit of rs. 7 crs for fy08.
The company has set up a 350 room hotel in Pune. Company is also planning to set up another hotel in one of the major prime cities. These 2 projects will catapult sayaji into a bigger league.
The company has up chain of restaurants called ‘kabab ville’.These restaurants offer high quality speciality food at reasonable prices.
Sayaji Hotels:-The company is planning to capitalise the hospitality boom by opening 100 Barbeque Nation restaurants in the next 3 years.
Conclusion:-The scrip is presently quoting at 112 rs and has been moving up up after a long gap of time.Though valuations are not dirt cheap but numbers should speak in the coming quarters.Prospects looks good.Management is ambitious and they are doing all the rite things needed to make a name for themselves.
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