Sinclairs Hotels Ltd(SINCLAIR)

NSE: SINCLAIRBSE: 523023

₹ 71.12-4.66%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 365 crWebsite: www.sinclairshotels.comUpdated: 24 Oct 2026

About

Sinclairs Hotels runs a portfolio of nine hotels and resorts in leisure and heritage destinations across India. Six of them are in West Bengal and the north-east, and it also has a palace property in Rajasthan. Revenue from operations was Rs 5,923.91 lakh in FY26, up from Rs 5,342.37 lakh in FY25.^[1][2]

Hotel portfolio

As of Q1 FY27 the company runs nine hotels and resorts across leisure and heritage destinations in India.^[1]
As of Q1 FY27, 6 of the 9 hotels are in West Bengal and the north-east: five properties in West Bengal and one in Sikkim.^[1]
Room inventory was 581 keys across 10 hotels in Q3 FY26.^[3]
Properties named in Q3 FY26 include Siliguri, Chalsa, Darjeeling, Ooty, Port Blair and two hotels in Udaipur.^[3]
Udaipur Palace Retreat (95 rooms, on a 9-year lease) is the company's Rajasthan property, as of Q1 FY27.^[1]

Leased, asset-light growth

Under its stated strategy, the company is looking to take more properties on lease so it can grow faster with lower capital investment (FY25).^[4]
It leased the 56-room Sinclairs Udaipur, which began operating on 31 Oct 2024.^[4]
Sinclairs Palace Retreat near Udaipur, a 95-room leased property with a 7,000 sq ft banquet hall for weddings and conferences, began operating on 1 Aug 2025.^[5]
It cancelled the lease on the 17-room Sinclairs Yangang from 11 Nov 2024 because of infrastructure constraints.^[4]

Operating performance

Operating revenue in Q3 FY26 was Rs 1,780.49 lakh, up 23.40% year on year.^[3]
In Q3 FY26, Siliguri, Chalsa, Ooty, Port Blair and Udaipur Palace performed well, while Darjeeling and the Udaipur city hotel lagged.^[3]
Revenue in October 2025 was up about 35% year on year.^[5]
Management attributed lower margins in H1 and 9M FY26 to start-up losses at the Udaipur units.^[5][3]

Expansion and capex

About Rs 500 lakh is planned in FY27 for wedding-event facilities at Kalimpong and Chalsa, funded from internal accruals.^[1]
A proposed 114 more rooms (70 at Chalsa, 20 at Kalimpong, 24 at Burdwan) were still at the viability-study stage as of Q1 FY27.^[1]
In Q3 FY26 the target was to grow from 581 keys to about 700 rooms by FY26-27, and to expand in Rajasthan.^[3]

Investments and balance sheet

Treasury investments of Rs 8,870 lakh were restructured in Q3 FY26. Fair-value losses on investments weighed on FY26.^[3][2]
As of FY25 the company was debt-free, held no credit rating and had 427 permanent employees.^[4]

Governance and recent developments

For FY26 the board recommended a dividend of Rs 0.80 per Rs 2 share (40%), subject to approval at the AGM on September 15, 2026.^[6]
The Manager/COO is proposed for re-appointment for five years from May 26, 2027, at Rs 32.68 lakh a year.^[6]
Independent Director Sanjeev Kumar Khandelwal is proposed for a second term from May 26, 2027 to May 25, 2032.^[6]
Promoter director Navin Chand Suchanti holds 3,352,211 shares, as of the FY26 annual report.^[6]

Market Cap

₹365 Cr

High / Low

₹99 / 69

Stock P/E

33.9

Price / Book

3.0

Book Value

₹24

EPS

₹1.8

No. of Shares

5.13 Cr

ROCE

10.3%

ROE

7.6%

OPM

23.8%

Debt / Equity

0.00

Sales

₹59 Cr

Net Profit

₹9 Cr

Promoter holding

64.5%

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