Hotel, Resort & Restaurants · Founded 1969 · www.saverahotels.com · BSE 512634 · NSE SAVERA IND · ISIN INE104E01014
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Business
Savera Industries Ltd. operates in the hospitality sector, specifically within the Hotel, Resort & Restaurants industry in India. The company's core business model involves owning and/or managing hospitality properties such as hotels, resorts, and restaurants. Revenue is primarily generated through accommodation services (room rentals), food and beverage sales, and potentially other ancillary services like event hosting, banqueting, and related guest amenities.
Revenue Mix
Based on its industry classification, the company's primary revenue segments are likely:
Accommodation: Revenue from room bookings and stays.
Food & Beverage (F&B): Revenue from restaurants, bars, room service, and banquet operations.
Detailed segment-wise revenue contribution and other specific business segments are not available in the provided information.
Industry
The Indian hospitality industry is highly competitive and fragmented, comprising a mix of international chains, large domestic players, regional brands, and independent properties. It is largely driven by domestic and international tourism, as well as corporate travel. Savera Industries Ltd., without specific details on its scale or brand recognition, is likely positioned as a regional or niche player within this competitive landscape, potentially catering to specific market segments (e.g., business, leisure, budget, luxury) depending on its property portfolio.
MOAT
For a company of this nature, durable competitive advantages can be challenging to establish. Potential limited moats could include:
Location: Owning prime real estate in high-demand tourist or business hubs.
Local Brand Recognition: Strong reputation within a specific geographical market.
Operational Efficiency: Ability to manage properties cost-effectively while maintaining service quality.
Without specific details, it is generally assumed that Savera Industries Ltd. may possess limited unique or durable competitive advantages against larger, more established national or international hotel chains that benefit from significant brand equity, loyalty programs, and wider distribution networks.
Growth Drivers
Key factors that could drive growth for Savera Industries Ltd. over the next 3-5 years include:
Growth in Domestic Tourism: Rising disposable incomes and increasing interest in domestic travel within India.
Revival of Business Travel: Recovery and expansion of corporate and MICE (Meetings, Incentives, Conferences, Exhibitions) travel.
Government Initiatives: Policies and infrastructure development aimed at promoting tourism in India.
Property Expansion or Renovation: Strategic investments in new properties or upgrades to existing ones to enhance offerings and capacity.
Digital Adoption: Leveraging online travel agencies (OTAs) and direct booking channels to reach a wider customer base.
Risks
Economic Downturns: Hospitality is sensitive to economic cycles, with reduced travel and discretionary spending during slowdowns.
Intense Competition: Fierce competition from established national and international chains, as well as independent hotels and alternative accommodation providers.
Seasonality: Revenue can be highly seasonal, impacting cash flow and profitability.
Health Crises/Pandemics: Events like COVID-19 can severely disrupt travel and hospitality operations.
Regulatory Changes: Changes in tourism policies, licensing, taxation, or environmental regulations can impact operations and costs.
High Fixed Costs: Hotels typically have high fixed costs (property maintenance, staff salaries) regardless of occupancy rates.
Interest Rate Sensitivity: High debt levels, if present, can make the company vulnerable to interest rate fluctuations.
Management & Ownership
In India, many companies, especially those in the mid-to-small cap segment, are promoter-driven. While specific details on the promoters, their history, or the current management team's experience are not provided, it is common for such companies to have significant ownership concentrated with the founding family or group. The ownership structure would likely involve the promoter group holding a substantial stake, with the remaining shares publicly traded.
Outlook
The outlook for Savera Industries Ltd. presents a mixed picture. On the bullish side, the Indian hospitality sector is poised for growth driven by strong domestic tourism, improving infrastructure, and a recovering business travel segment. Companies with well-located assets or a strong regional presence can benefit from these tailwinds. However, the company operates in a highly competitive and cyclical industry. Potential challenges include the ability to differentiate itself from larger players, manage operating costs effectively, and navigate macroeconomic uncertainties. The absence of clearly defined durable competitive advantages and potential sensitivity to external shocks (like future pandemics or economic slowdowns) suggests that sustained growth and profitability will depend significantly on its strategic execution, operational efficiency, and ability to adapt to evolving market demands.
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| #(Fig in Cr.) | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 17 | 19 | 18 | 21 | 19 | 22 | 22 | 25 | 27 | 28 |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Income | 19 | 20 | 19 | 22 | 20 | 23 | 23 | 27 | 28 | 28 |
| Total Expenditure | 14 | 17 | 15 | 15 | 17 | 18 | 18 | 20 | 23 | 25 |
| Operating Profit | 4 | 4 | 3 | 7 | 4 | 5 | 6 | 7 | 6 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Profit Before Tax | 4 | 3 | 4 | 6 | 3 | 4 | 7 | 5 | 3 | 1 |
| Provision for Tax | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Profit After Tax | 3 | 2 | 3 | 5 | 2 | 4 | 6 | 4 | 3 | 1 |
| Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 3 | 2 | 3 | 5 | 2 | 4 | 6 | 4 | 3 | 1 |
| Adjusted Earnings Per Share | 2.3 | 1.7 | 2.2 | 4 | 1.7 | 3.2 | 4.8 | 3 | 2.3 | 0.6 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 62 | 66 | 68 | 72 | 72 | 67 | 20 | 32 | 61 | 72 | 80 | 102 |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 4 |
| Total Income | 63 | 67 | 69 | 73 | 73 | 68 | 21 | 33 | 63 | 75 | 83 | 106 |
| Total Expenditure | 51 | 54 | 56 | 60 | 59 | 57 | 21 | 30 | 47 | 59 | 65 | 86 |
| Operating Profit | 12 | 13 | 14 | 13 | 13 | 11 | 0 | 3 | 16 | 16 | 19 | 22 |
| Interest | 3 | 3 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 5 | 4 | 4 | 4 | 3 | 5 | 4 | 3 | 3 | 3 | 3 | 7 |
| Exceptional Income / Expenses | 0 | 0 | -2 | -1 | 0 | -0 | -0 | -0 | 3 | 0 | 1 | 2 |
| Profit Before Tax | 4 | 6 | 5 | 7 | 9 | 6 | -5 | -1 | 15 | 13 | 16 | 16 |
| Provision for Tax | 1 | 3 | 2 | 2 | 3 | 2 | -0 | 0 | 3 | 3 | 3 | 4 |
| Profit After Tax | 3 | 2 | 3 | 5 | 6 | 4 | -4 | -1 | 12 | 10 | 13 | 14 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | 2 | 3 | 5 | 6 | 4 | -4 | -1 | 12 | 10 | 13 | 14 |
| Adjusted Earnings Per Share | 2.4 | 2 | 2.6 | 4.3 | 5.3 | 3.6 | -3.4 | -0.7 | 10.5 | 8.6 | 11.1 | 10.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 11% | 36% | 4% | 3% |
| Operating Profit CAGR | 19% | 85% | 12% | 5% |
| PAT CAGR | 30% | 0% | 27% | 16% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 4% | 28% | 26% | 9% |
| ROE Average | 16% | 16% | 8% | 8% |
| ROCE Average | 20% | 20% | 11% | 12% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 51 | 51 | 54 | 55 | 59 | 61 | 58 | 58 | 71 | 78 | 88 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 17 | 12 | 6 | 3 | 2 | 0 | 0 | 0 | 1 | 1 | 0 |
| Other Non-Current Liabilities | 2 | 3 | 3 | 3 | 2 | 4 | 2 | 2 | 2 | 2 | 4 |
| Total Current Liabilities | 16 | 16 | 16 | 13 | 10 | 8 | 8 | 8 | 9 | 11 | 14 |
| Total Liabilities | 86 | 82 | 79 | 75 | 73 | 73 | 69 | 67 | 83 | 95 | 106 |
| Fixed Assets | 67 | 66 | 65 | 61 | 59 | 59 | 55 | 52 | 46 | 42 | 45 |
| Other Non-Current Assets | 10 | 4 | 5 | 4 | 5 | 3 | 5 | 4 | 14 | 21 | 34 |
| Total Current Assets | 8 | 12 | 9 | 9 | 9 | 11 | 9 | 10 | 23 | 28 | 27 |
| Total Assets | 86 | 82 | 79 | 75 | 73 | 73 | 69 | 67 | 83 | 95 | 106 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 2 | 2 | 2 | 2 | 2 | 2 | -2 | 0 | -0 | 3 |
| Cash Flow from Operating Activities | 13 | 16 | 10 | 11 | 9 | 10 | -4 | 4 | 12 | 8 | 13 |
| Cash Flow from Investing Activities | -3 | -5 | -3 | -0 | -2 | -3 | 1 | -2 | -13 | -1 | -10 |
| Cash Flow from Financing Activities | -8 | -11 | -7 | -11 | -7 | -6 | -1 | -1 | 0 | -4 | -6 |
| Net Cash Inflow / Outflow | 1 | -0 | -0 | -0 | 0 | 1 | -4 | 2 | -0 | 3 | -3 |
| Closing Cash & Cash Equivalent | 2 | 2 | 2 | 2 | 2 | 2 | -2 | 0 | -0 | 3 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 2.42 | 2.04 | 2.63 | 4.3 | 5.27 | 3.59 | -3.44 | -0.67 | 10.46 | 8.64 | 11.1 |
| CEPS(Rs) | 6.62 | 5.75 | 6.4 | 7.33 | 8.18 | 7.43 | -0.32 | 1.48 | 12.61 | 10.77 | 13.39 |
| DPS(Rs) | 1.2 | 1.5 | 1.5 | 2.5 | 1.2 | 1.2 | 0 | 0 | 3 | 3 | 3 |
| Book NAV/Share(Rs) | 31.51 | 31.74 | 45.63 | 46.47 | 49.2 | 50.93 | 48.64 | 48.38 | 59.23 | 65.69 | 73.79 |
| Core EBITDA Margin(%) | 18.43 | 18.38 | 18.4 | 16.55 | 17.58 | 15.95 | -5.4 | 4.69 | 22.97 | 18.29 | 18.69 |
| EBIT Margin(%) | 11.54 | 12.49 | 10.41 | 11.09 | 13.73 | 9.72 | -20.7 | -0.72 | 25.46 | 19 | 21.03 |
| Pre Tax Margin(%) | 6.35 | 8.63 | 7.81 | 9.39 | 12.89 | 8.77 | -23.12 | -2.19 | 25.07 | 18.52 | 20.39 |
| PAT Margin (%) | 4.64 | 3.66 | 4.6 | 7.09 | 8.74 | 6.36 | -20.88 | -2.51 | 20.29 | 14.28 | 16.62 |
| Cash Profit Margin (%) | 12.66 | 10.32 | 11.2 | 12.06 | 13.57 | 13.17 | -1.94 | 5.53 | 24.47 | 17.8 | 20.05 |
| ROA(%) | 3.31 | 2.9 | 3.9 | 6.68 | 8.54 | 5.89 | -5.79 | -1.18 | 16.62 | 11.54 | 13.13 |
| ROE(%) | 7.75 | 6.44 | 6.8 | 9.35 | 11.01 | 7.16 | -6.9 | -1.39 | 19.43 | 13.83 | 15.92 |
| ROCE(%) | 11.65 | 14.31 | 11.53 | 12.38 | 15.89 | 10.64 | -6.64 | -0.38 | 23.82 | 17.83 | 19.63 |
| Receivable days | 7.96 | 8.93 | 12.38 | 12.23 | 9.31 | 6.82 | 16.04 | 7.35 | 5.58 | 7.08 | 7.7 |
| Inventory Days | 1.64 | 0.88 | 1.04 | 1.29 | 1.32 | 1.28 | 4.49 | 2.38 | 1.52 | 1.32 | 1.18 |
| Payable days | 59.72 | 51.25 | 39.03 | 37.92 | 40.64 | 39.26 | 123.99 | 58.37 | 31.72 | 47.35 | 60.79 |
| PER(x) | 15.8 | 26.25 | 22.11 | 17.75 | 12.47 | 9.15 | 0 | 0 | 5.26 | 13.54 | 11.58 |
| Price/Book(x) | 1.22 | 1.69 | 1.27 | 1.64 | 1.33 | 0.64 | 0.89 | 1.1 | 0.93 | 1.78 | 1.74 |
| Dividend Yield(%) | 3.13 | 2.8 | 2.58 | 3.27 | 1.83 | 3.66 | 0 | 0 | 5.45 | 2.56 | 2.33 |
| EV/Net Sales(x) | 0.99 | 1.11 | 1.14 | 1.3 | 1.07 | 0.47 | 2.48 | 1.76 | 0.78 | 1.61 | 1.64 |
| EV/Core EBITDA(x) | 5.07 | 5.8 | 5.73 | 7.48 | 5.78 | 2.8 | 584.51 | 22.05 | 3.07 | 7.14 | 7.02 |
| Net Sales Growth(%) | 11.12 | 6.44 | 2.62 | 6.3 | -0.77 | -6.38 | -70.83 | 62.8 | 92.39 | 17.4 | 10.4 |
| EBIT Growth(%) | -11.32 | 15.18 | -14.44 | 13.19 | 22.86 | -33.71 | -162.07 | 94.34 | 6903.35 | -12.39 | 22.18 |
| PAT Growth(%) | 272.79 | -15.96 | 29.08 | 63.63 | 22.36 | -31.91 | -195.81 | 80.41 | 1653.5 | -17.37 | 28.5 |
| EPS Growth(%) | 272.79 | -15.96 | 29.08 | 63.63 | 22.36 | -31.91 | -195.81 | 80.41 | 1653.6 | -17.37 | 28.5 |
| Debt/Equity(x) | 0.61 | 0.47 | 0.24 | 0.13 | 0.05 | 0.01 | 0.05 | 0.01 | 0.03 | 0.03 | 0.02 |
| Current Ratio(x) | 0.53 | 0.73 | 0.6 | 0.67 | 0.88 | 1.38 | 1.07 | 1.36 | 2.48 | 2.56 | 1.97 |
| Quick Ratio(x) | 0.52 | 0.71 | 0.59 | 0.65 | 0.86 | 1.35 | 1.05 | 1.34 | 2.44 | 2.54 | 1.95 |
| Interest Cover(x) | 2.22 | 3.24 | 3.99 | 6.5 | 16.26 | 10.23 | -8.52 | -0.49 | 65.75 | 39.61 | 33.21 |
| Total Debt/Mcap(x) | 0.5 | 0.28 | 0.19 | 0.08 | 0.04 | 0.01 | 0.06 | 0.01 | 0.04 | 0.02 | 0.01 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 64.62 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0.88 | 0.52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 37.2 | 36.32 | 36.68 | 37.2 | 37.2 | 37.2 | 37.2 | 37.2 | 37.2 | 35.38 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.77 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.44 | 0.43 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.42 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +11% | +36% | +4% | +3% |
| Operating Profit CAGR | +19% | +85% | +12% | +5% |
| PAT CAGR | +30% | — | +27% | +16% |
| Share Price CAGR | +4% | +28% | +26% | +9% |
| ROE Average | +16% | +16% | +8% | +8% |
| ROCE Average | +20% | +20% | +11% | +12% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 62.8 | 64.62 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0.88 | 0.52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 37.2 | 37.2 | 37.2 | 37.2 | 37.2 | 37.2 | 37.2 | 37.2 | 37.2 | 35.38 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.77 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.42 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 |
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