Sinclairs Hotels Limited (SINCLAIR)
₹74.01 -0.09% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sinclairs Hotels' revenue was ₹20.1 Cr (+28.4% year on year, +20.2% on the previous quarter), and net profit ₹7.9 Cr (+28.0% year on year); the operating margin was 41.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹20.1 | +28.4% | +20.2% |
| Operating profit | ₹8.4 | +41.0% | +57.4% |
| Net profit | ₹7.9 | +28.0% | from loss |
| EPS (₹) | 1.54 | +27.3% | from loss |
| Operating margin | 41.6% | — | — |
SINCLAIR delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 72.22% of the SINCLAIR shares traded on NSE were taken to delivery, against the stock's own 20-session average of 67.46%. That is close to its usual level. Turnover was only ₹17 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 71.8% · 71.6% · 52.0% · 89.4% · 72.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Sinclairs Hotels Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was provided by Niche Technologies Private Limited, the company's Registrar and Share Transfer Agent, on October 6, 2026. The submission confirms that physical share certificates received for dematerialisation have been verified, cancelled, and updated with depositories within prescribed rules. This represents a regular procedural filing with zero financial impact.
- Confirmation certificate submitted for the quarter ended September 30, 2026
- Certificate issued by RTA Niche Technologies Private Limited dated October 6, 2026
- Filing made pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Sinclairs Hotels Limited announced that shareholders approved key managerial re-appointments at the 54th AGM held on September 15, 2026. Mr. Sanjeev Kumar Khandelwal was re-appointed as Non-Executive Independent Director for a second 5-year term effective May 26, 2027, to May 25, 2032. Additionally, Mr. Swajib Swapan Chatterjee was re-appointed as Manager of the company for a concurrent 5-year term from May 26, 2027, to May 25, 2032. These continuity approvals come well ahead of their tenure expiration dates in 2027.
- Shareholders approved re-appointments at the 54th AGM on September 15, 2026
- Mr. Sanjeev Kumar Khandelwal re-appointed as Independent Director for a 5-year term from May 26, 2027, to May 25, 2032
- Mr. Swajib Swapan Chatterjee re-appointed as Manager for a 5-year term from May 26, 2027, to May 25, 2032
- Mr. Khandelwal brings over 41 years of experience, while Mr. Chatterjee holds over 31 years of hospitality experience
Sinclairs Hotels Limited has submitted the scrutinizer's report and voting results for its 54th Annual General Meeting held on September 15, 2026. All five ordinary and special resolutions were approved by shareholders with over 99.9% majority votes cast. Key approved agendas include adoption of FY26 financial statements, declaration of dividend on equity shares, and the re-appointment of Independent Director Sanjeev Kumar Khandelwal and Manager Swajib Swapan Chatterjee starting May 2027. Total votes polled stood at 3.31 crore shares, representing 64.64% of total outstanding equity.
- All 5 resolutions approved with >99.9% favorable votes polled
- Total voter turnout represented 64.6353% of total outstanding shares (3,31,32,051 votes polled out of 5,12,60,000 shares)
- Dividend on equity shares for FY26 formally declared and approved
- Re-appointment of Sanjeev Kumar Khandelwal as Independent Director approved for a 5-year term from May 26, 2027
Sinclairs Hotels Limited held its 54th Annual General Meeting on September 15, 2026, with 69 shareholders attending via video conferencing. Key resolutions put to vote included the adoption of FY26 audited financial statements, equity dividend declaration, and the re-appointment of Mr. Navin Chand Suchanti liable to retire by rotation. Special business transacted included the re-appointment of Independent Director Sanjeev Kumar Khandelwal and Manager Swajib Swapan Chatterjee for five-year terms starting May 26, 2027. Scrutinizer voting results across remote and AGM e-voting are awaited.
- 54th Annual General Meeting held on September 15, 2026, commencing at 11:00 AM and concluding at 12:17 PM
- 69 shareholders attended the virtual AGM via VC/OAVM
- Ordinary resolution transacted to declare dividend on equity shares for FY ended March 31, 2026
- Re-appointment of Independent Director Sanjeev Kumar Khandelwal approved for a second term of 5 consecutive years from May 26, 2027
- Re-appointment of Swajib Swapan Chatterjee as Manager approved for a term of 5 years effective May 26, 2027
Sinclairs Hotels has scheduled its 54th Annual General Meeting (AGM) for September 15, 2026. Shareholders will vote on a recommended dividend of ₹0.80 per share, which represents a high payout ratio of approximately 84% against the TTM PAT of ₹5 Cr. The meeting also includes proposals for the re-appointment of Manager Swajib Swapan Chatterjee and Independent Director Sanjeev Kumar Khandelwal for five-year terms starting May 2027. The manager's proposed remuneration is ₹32.68 Lakh per annum, roughly 6.5% of TTM PAT.
- Proposed dividend of ₹0.80 per equity share of ₹2 each (40% payout) for FY26.
- Re-appointment of Manager Swajib Swapan Chatterjee for a 5-year term with ₹32.68 Lakh annual remuneration.
- Re-appointment of Independent Director Sanjeev Kumar Khandelwal for a second 5-year term starting May 26, 2027.
- AGM scheduled for September 15, 2026, at 11:00 AM via video conferencing.
- Promoter Navin Chand Suchanti, holding 33,52,211 shares, is seeking re-appointment as Director.
Sinclairs Hotels reported a robust Q1 FY27 with revenue of Rs 20.15 Cr and a PAT of Rs 7.91 Cr, which significantly exceeds the previous TTM PAT of Rs 5 Cr. The company achieved a high EBITDA margin of 52.41%, well above its 5-year average of 43%. Promoters have increased their stake to 64.01%, up from 63.6% in March 2026, reflecting strong internal confidence. Expansion plans are underway with a Rs 5 Cr investment in wedding facilities and a viability study for adding 114 rooms across three properties.
- Q1 FY27 Revenue reached Rs 20.15 Cr, representing approximately 54% of the total TTM revenue of Rs 37 Cr.
- Quarterly PAT of Rs 7.91 Cr is 158% of the entire previous TTM PAT of Rs 5 Cr.
- EBITDA margin expanded to 52.41% for the quarter, compared to a 5-year average of 43%.
- Promoter holding increased to 64.01% with zero shares pledged.
- Proposed addition of 114 rooms (70 in Chalsa, 20 in Kalimpong, 24 in Burdwan) currently under viability study.
Sinclairs Hotels reported a strong Q1 FY27 performance with Total Income rising 26.76% YoY to ₹24.70 cr. Net Profit grew 27.89% to ₹7.91 cr, which is significant as it exceeds the entire TTM PAT of ₹5 cr reported in the context. The company maintained its debt-free status and saw EBITDA margins expand, with EBITDA growing 32.85% YoY to ₹12.95 cr. Management is focusing on expansion in West Bengal, citing improved infrastructure and connectivity in North Bengal as a primary growth driver.
- Total Income increased by 26.76% YoY to ₹24.70 cr from ₹19.49 cr.
- Net Profit (PAT) rose 27.89% to ₹7.91 cr, representing a substantial portion of the company's ₹388 cr market cap.
- EBITDA grew by 32.85% to ₹12.95 cr, indicating strong operational efficiency during the peak summer quarter.
- Company remains debt-free with Equity (excluding revaluation reserves) at ₹107.44 cr as of March 31, 2026.
- Six properties received TripAdvisor’s Travellers’ Choice Award 2026, supporting brand positioning.
Sinclairs Hotels has approved the re-appointment of Mr. Sanjeev Kumar Khandelwal as a Non-Executive Independent Director and Mr. Swajib Swapan Chatterjee as Manager, both for five-year terms starting May 26, 2027. Mr. Khandelwal brings over 41 years of experience in financial services and capital markets, while Mr. Chatterjee has over 31 years in the hospitality sector, primarily with Sinclairs. These appointments are subject to shareholder approval at the upcoming Annual General Meeting. The company, with a market cap of Rs 388 Cr, is maintaining leadership continuity as it pursues its asset-light expansion strategy.
- Re-appointment of Mr. Sanjeev Kumar Khandelwal for a second 5-year term starting May 26, 2027
- Re-appointment of Mr. Swajib Swapan Chatterjee as Manager for a 5-year term starting May 26, 2027
- Mr. Khandelwal possesses over 41 years of experience in financial services and capital markets
- Mr. Chatterjee has over 31 years of experience in the hospitality sector
- Both appointments are subject to shareholder approval at the ensuing Annual General Meeting
Sinclairs Hotels reported a robust Q1 FY27 with revenue rising 28.4% YoY to Rs 20.15 Cr and PAT increasing 27.9% to Rs 7.91 Cr. The board confirmed a dividend of Rs 0.80 per share with a record date of September 8, 2026. However, the company disclosed the termination of its Sinclairs Udaipur lease effective June 30, 2026. This property was a major recent addition (95 rooms), and its exit may significantly impact revenue growth in the coming quarters despite the strong current performance.
- Revenue from operations increased 28.4% YoY to Rs 20.15 Cr in Q1 FY27.
- Net Profit rose 27.9% YoY to Rs 7.91 Cr, with EPS improving to Rs 1.54 from Rs 1.21.
- Dividend of Rs 0.80 per equity share (40% of face value) recommended for FY26.
- Termination of the Sinclairs Udaipur lease agreement effective June 30, 2026.
- Other income contributed Rs 4.55 Cr to the total income of Rs 24.70 Cr for the quarter.
Sinclairs Hotels reported a strong start to FY27 with Q1 revenue increasing 28.4% YoY to ₹20.15 cr. Net profit grew 27.9% to ₹7.91 cr, resulting in an EPS of ₹1.54 for the quarter. The company confirmed a dividend of ₹0.80 per share (40% of face value) with a record date of September 8, 2026. However, the company also disclosed the termination of its Udaipur lease agreement effective June 30, 2026, which may impact future revenue capacity.
- Revenue from operations increased to ₹20.15 cr in Q1 FY27 from ₹15.69 cr in Q1 FY26.
- Net profit for the quarter rose to ₹7.91 cr, a 27.9% increase over the previous year's ₹6.18 cr.
- Board confirmed a dividend of ₹0.80 per equity share of face value ₹2.
- Terminated the lease agreement for Sinclairs Udaipur (95 rooms) effective June 30, 2026.
- Other income contributed ₹4.55 cr to the total income of ₹24.70 cr for the quarter.
Sinclairs Hotels reported a strong Q1 FY27 with revenue from operations rising 28.4% YoY to ₹20.15 cr. Net profit increased 27.9% YoY to ₹7.91 cr, driven by operational growth and ₹4.55 cr in other income. However, the company unexpectedly terminated its lease for the 95-room Udaipur property effective June 30, 2026, which was a key part of its recent expansion. A dividend of ₹0.80 per share has been confirmed with a record date of September 8, 2026.
- Revenue from operations grew 28.4% YoY to ₹20.15 cr from ₹15.69 cr.
- Net profit increased to ₹7.91 cr for the quarter, representing a 27.9% YoY growth.
- Terminated the lease agreement for Sinclairs Udaipur effective June 30, 2026, less than a year after its August 2025 launch.
- Recommended a dividend of ₹0.80 per equity share (40% of face value).
- Other income contributed ₹4.55 cr to the total income of ₹24.70 cr.
Sinclairs Hotels Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent (RTA), Niche Technologies Private Limited, confirms the processing of dematerialization requests for the quarter ended June 30, 2026. This filing confirms that physical share certificates received were mutilated, cancelled, and the depository's name was updated in the register of members. This is a standard procedural requirement for all listed companies in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation certificate provided by RTA dated July 6, 2026
- Official filing submitted to exchanges on July 9, 2026
- Confirms all dematerialized securities are listed on relevant stock exchanges
Sinclairs Hotels Limited has announced the closure of its Udaipur property by cancelling its lease, effective June 30, 2026. The move is a strategic decision to eliminate a unit that was incurring continuous losses and negatively affecting the company's consolidated profitability. The company intends to redirect its focus and capital towards West Bengal and the North Bengal-Sikkim region, where it already has a strong foothold. This includes expanding current properties in locations like Siliguri and Darjeeling and pursuing new greenfield developments.
- Discontinuation of Udaipur operations effective June 30, 2026, to stop recurring losses.
- Strategic pivot to West Bengal and Sikkim regions to leverage existing brand goodwill.
- Expansion plans for properties in Siliguri, Chalsa, Kalimpong, Darjeeling, and Gangtok.
- Focus on greenfield projects to capitalize on improved regional infrastructure and tourism.
Sinclairs Hotels Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is in anticipation of the unaudited financial results for the quarter ending June 30, 2026. The restriction applies to all designated persons and their immediate relatives and will last until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be communicated at a later date.
- Trading window closure scheduled to begin on July 1, 2026.
- Closure is related to the upcoming financial results for the quarter ending June 30, 2026.
- Restriction applies to Designated Persons and their immediate relatives under SEBI regulations.
- The window will reopen 48 hours after the declaration of the unaudited financial results.
Sinclairs Hotels reported a 10.89% growth in annual revenue from operations to ₹5,923.91 lakh for FY26, although Profit After Tax fell to ₹905.44 lakh from ₹1,399.68 lakh. The decline in profitability and a Q4 net loss of ₹85.98 lakh were primarily attributed to a non-cash diminution in the value of investments following a market downturn. Despite the lower profit, the company maintained a 40% dividend (₹0.80 per share) and remains debt-free with a strong equity base of ₹10,743.59 lakh.
- Annual revenue from operations grew 10.89% YoY to ₹5,923.91 lakh.
- Board recommended a 40% dividend of ₹0.80 per equity share of face value ₹2.
- Q4 revenue rose 16.64% YoY to ₹1,675.63 lakh, though the quarter ended in a net loss of ₹85.98 lakh.
- Profitability was significantly impacted by a steep fall in the market value of investments in the final quarter.
- The company remains debt-free with ten operational properties and a positive outlook on North Bengal infrastructure.
Financial Performance
Revenue Growth by Segment
Revenue from operations for H1 FY26 stood at INR 24.68 Cr, representing a decrease compared to the FY25 full-year revenue of INR 53.42 Cr and FY24 revenue of INR 55.88 Cr. However, October 2025 saw a significant 35% YoY growth in revenue, indicating a strong start to Q3 FY26.
Geographic Revenue Split
The company operates 10 properties across West Bengal (Siliguri, Darjeeling, Dooars, Kalimpong, Burdwan), Sikkim (Gangtok), Tamil Nadu (Ooty), Andaman & Nicobar (Port Blair), and Rajasthan (Udaipur). Specific percentage splits per region are not disclosed, but expansion is currently focused on Rajasthan.
Profitability Margins
Net Profit Margin for H1 FY26 was 15%, a decline from 24% in FY24-25 and 32% in FY23-24. This compression is attributed to initial losses from the new Udaipur unit and a notional diminution in investment values of INR 81.46 Cr.
EBITDA Margin
EBITDA margin for H1 FY26 was 35%, down from 41.12% in FY25 and 48.12% in FY24. The 1,312 bps drop from FY24 levels is primarily due to gestation costs of the Sinclairs Palace Retreat Udaipur which commenced operations on August 1, 2025.
Capital Expenditure
The company recently launched the Sinclairs Palace Retreat Udaipur, a 95-room property on a 9-year lease. While specific INR Cr capex for the period is not totaled, the company utilized free reserves for a 1:1 bonus issue in January 2024, involving 2,56,30,000 shares.
Credit Rating & Borrowing
The company maintains a strong financial position with zero pledge of promoter shareholding (62.66%). Finance costs for H1 FY26 were INR 1.32 Cr, compared to INR 1.67 Cr in FY25, suggesting stable or declining debt servicing requirements.
Operational Drivers
Raw Materials
Food and beverage supplies, guest amenities, and housekeeping consumables represent the primary operational inputs, though specific percentage breakdowns per item are not disclosed.
Import Sources
Not disclosed in available documents; typically sourced locally within India to support regional hotel operations.
Capacity Expansion
Current capacity includes 10 properties. The most recent expansion is the Sinclairs Palace Retreat Udaipur (95 rooms, 75,000 sq. ft. built-up area) launched in August 2025. Total room count at Sinclairs Darjeeling is 47 rooms.
Raw Material Costs
Total expenditure for H1 FY26 was INR 18.26 Cr, representing approximately 74% of revenue from operations, up from 65.7% in FY25 due to new property launch expenses.
Manufacturing Efficiency
The company focuses on 'intimate sized properties' to maintain high service standards and cultural immersion, which supports a 5-year average EBITDA margin of 44%.
Strategic Growth
Expected Growth Rate
20.78%
Growth Strategy
The company is pursuing an asset-light expansion strategy in Rajasthan, exemplified by the 9-year lease of the Udaipur Palace Retreat. Growth is driven by targeting the destination wedding and MICE (Meetings, Incentives, Conferences, and Exhibitions) segments, utilizing a 7,000 sq. ft. banquet hall to drive non-room revenue.
Products & Services
Hotel accommodation, restaurant services (70 covers in Udaipur), banquet facilities (7,604 sq. ft. in Udaipur), and destination wedding packages.
Brand Portfolio
Sinclairs Hotels and Resorts, Sinclairs Retreat, Sinclairs Palace Retreat, Sinclairs Bayview.
New Products/Services
Launch of Sinclairs Palace Retreat Udaipur in August 2025, which contributed to a 35% YoY revenue growth in October 2025.
Market Expansion
Expanding footprints in the state of Rajasthan to capitalize on its status as a premier tourist and wedding destination.
Market Share & Ranking
Ranked as one of the most profitable companies among 287 leading Indian hotels and resorts according to the 2025 Plimsoll Report.
External Factors
Industry Trends
The Indian hospitality industry is seeing a shift toward destination weddings and experiential travel. Sinclairs is positioning itself by acquiring heritage-style properties like the Udaipur Palace Retreat to meet this demand.
Competitive Landscape
Competes with 287 leading companies in the Indian market; distinguished by its focus on 'intimate sized properties' in locations steeped in history.
Competitive Moat
Moat is built on a debt-free balance sheet, high promoter stake (62.66%), and a 16-year track record of consistent dividends. The Plimsoll Report identifies Sinclairs as having the 'lowest risk of failure' among 287 peers.
Macro Economic Sensitivity
Highly sensitive to Indian domestic tourism trends and discretionary spending; the Plimsoll Report indicates a 'strong performance rating' despite market fluctuations.
Consumer Behavior
Increasing demand for 'traditional Rajasthani palace' experiences and large-scale social functions (weddings/corporate meetings).
Geopolitical Risks
Regional stability in areas like Darjeeling and Port Blair is critical for maintaining occupancy rates.
Regulatory & Governance
Industry Regulations
Subject to standard Indian hospitality regulations, including health and safety norms and local tourism board certifications.
Environmental Compliance
The company emphasizes a 'good and clean ensure environment' policy across its units.
Taxation Policy Impact
Effective tax rate for H1 FY26 was approximately 18.3% (INR 0.93 Cr tax on INR 5.08 Cr PBT).
Risk Analysis
Key Uncertainties
Gestation period of new units (Udaipur) and market volatility affecting the INR 81.46 Cr investment portfolio are the primary short-term risks.
Geographic Concentration Risk
Significant concentration in West Bengal and the Northeast, though Rajasthan expansion is diversifying this risk.
Third Party Dependencies
Dependency on the 9-year lease agreement for the new Udaipur property.
Technology Obsolescence Risk
The company is adopting digital tools, including QR-coded financial reporting and revenue management systems (managed by a dedicated Senior Manager).
Credit & Counterparty Risk
Not disclosed; typically low in retail hospitality due to upfront or short-term payment cycles.
