Sinclairs Hotels FY26 Investor Presentation Highlights

Business Overview

Sinclairs Hotels Limited is a hospitality company focused on the ownership and operation of hotel properties. The company operates a portfolio of ten hotels and resorts across leisure and heritage destinations in India: Burdwan, Siliguri, Darjeeling, Kalimpong, Dooars, Gangtok, Ooty, Port Blair, Udaipur, and Haldighati.

Financial Highlights (₹ in lakh)

| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |

| Revenue from Operations | 5923.91 | 5342.37 | 5587.54 | 5377.96 | 3032.37 | 1727.20 |

| Other Income | 317.99 | 618.99 | 925.05 | 355.13 | 400.65 | 586.68 |

| Total Revenue | 6241.90 | 5961.36 | 6512.59 | 5733.09 | 3433.02 | 2313.88 |

| Expenditure | 4026.51 | 3510.26 | 3378.42 | 3195.97 | 1939.10 | 1292.78 |

| EBITDA before exceptional item | 2215.39 | 2451.10 | 3134.17 | 2537.12 | 1493.92 | 1021.10 |

| EBITDA Margin | 35.50% | 41.12% | 48.12% | 44.25% | 43.52% | 44.13% |

| Depreciation | 730.44 | 502.76 | 487.00 | 471.00 | 453.71 | 544.80 |

| Finance Cost | 291.05 | 166.88 | 104.62 | 110.58 | 105.99 | 53.14 |

| Profit Before Tax | 1193.90 | 1781.46 | 2542.54 | 1955.54 | 934.22 | 423.16 |

| Tax | 288.46 | 381.78 | 488.35 | 721.24 | 221.50 | 72.04 |

| Net Profit After Tax | 905.44 | 1399.68 | 2054.19 | 3123.20 | 712.72 | 351.12 |

| Share Capital | 1025.20 | 1025.20 | 1025.20 | 543.00 | 557.00 | 557.00 |

| Other Equity (excluding revaluation reserve) | 10743.59 | 10234.72 | 9356.44 | 11962.37 | 10347.62 | 9850.22 |

| Net Worth | 11768.79 | 11259.92 | 10381.64 | 12505.37 | 10904.62 | 10407.22 |

| Earning Per Share (₹) | 1.77 | 2.73 | 3.88 | 11.43 | 2.56 | 1.26 |

| Dividend | 40% | 40% | 50% | 75% | 50% | 40% |

| Investment | 8740.21 | 7854.00 | 7181.81 | 9202.03 | 6976.90 | 6230.58 |

Key Performance Metrics

Sales Growth 5-year CAGR: 27.95%
Profit Growth 5-year CAGR: 20.87%
Price Earnings Ratio: 40.99 (Industry average 43.47)
Return on Equity: 7.70% (as on March 31, 2026)
Five-year average EBITDA margin: 43%
Five-year average profit margin: 24%

Ownership Structure

Promoters increased their stake to 63.63% with zero pledged shares
The promoter families (Dr. Niren Suchanti and Navin Suchanti) have been leading Sinclairs for over 35 years

Capital Structure History

Bonus Issue: 1:1 bonus issue on January 30, 2024 (2,56,30,000 Bonus Equity Shares of ₹2 each)
Buybacks:
October 25, 2023: 15,20,000 equity shares at ₹200 per share (Total payout: ₹30.40 Cr)
April 27, 2022: 7,00,000 equity shares at ₹143 per share (Total payout: ₹10.01 Cr)
October 17, 2013: 4,95,222 equity shares at ₹390 per share (Total payout: ₹19.31 Cr)

Shareholder Returns

Consistently paid dividends for the last 17 years
Total dividend paid by the Company: ₹5603.57 lakh
Total rewards to shareholders (dividend + buyback) since 2009: ₹111.63 crore

Property Portfolio Details

Sinclairs Burdwan

Ownership: 30 years lease + renewable
Land: 2 acres, Built-up: 60,625 sq ft, Completed: 2015
Rooms: 24 total (20 Premier @ 338 sq ft, 4 Suite @ 930 sq ft)
Additional rooms possible: Yes

Sinclairs Siliguri

Built-up: 56,046 sq ft, Completed: 1976
Rooms: 49 total (46 Premier @ 201 sq ft, 3 Suite @ 406 sq ft)
Additional rooms possible: Yes

Sinclairs Darjeeling

Ownership: Freehold, Land: 0.5 acres, Built-up: 25,423 sq ft, Completed: 1984
Rooms: 47 total (25 Deluxe @ 227 sq ft, 20 Premier @ 254 sq ft, 1 Suite @ 486 sq ft, 1 Room with terrace @ 325 sq ft)
Additional rooms possible: No

Sinclairs Retreat Kalimpong

Ownership: Freehold, Land: 5 acres, Built-up: 53,795 sq ft, Completed: 2014
Rooms: 48 total (28 Premier @ 420 sq ft, 2 Suite @ 900 sq ft, 16 Attic @ 524 sq ft, 2 Wooden Cottage @ 450 sq ft)
Additional rooms possible: Yes

Sinclairs Retreat Dooars

Land: 20.22 acres, Built-up: 74,893 sq ft, Completed: 1999
Rooms: 71 total (66 Premier @ 292 sq ft, 3 Suite @ 607 sq ft, 2 Wooden Cottage @ 282 sq ft)
Additional rooms possible: Yes

Sinclairs Gangtok

Ownership: 9 years lease, Land: 0.17 acres, Built-up: 64,029 sq ft, Completed: 2020
Rooms: 60 total (20 Deluxe @ 270 sq ft, 8 Deluxe Family @ 554 sq ft, 24 Premier @ 340 sq ft, 4 Suite @ 525 sq ft, 4 Valentine @ 340 sq ft)
Additional rooms possible: No

Sinclairs Retreat Ooty

Ownership: Freehold, Land: 1 acre, Built-up: 70,184 sq ft, Completed: 2004
Rooms: 85 total (42 Deluxe @ 215 sq ft, 27 Premier @ 215 sq ft, 7 Suite @ 555.09 sq ft, 3 Superior @ 331 sq ft, 6 Villa rooms in 2 Villas @ 1959 sq ft)
Additional rooms possible: No

Sinclairs Bayview Port Blair

Completed: 1991
Rooms: 46 total (36 Premier @ 383 sq ft, 3 Suite @ 640 sq ft, 5 Attic @ 550 sq ft, 2 Valentine @ 182 sq ft)
Additional rooms possible: No

Sinclairs Udaipur

Ownership: 9 years lease, Land: 0.34 acres, Built-up: 27,000 sq ft, Completed: 2024
Rooms: 56 total (16 Queen @ 172-200 sq ft, 36 Premier @ 290 sq ft, 2 Premier Suite @ 410 sq ft, 2 Premier Family @ 410 sq ft)
Additional rooms possible: No

Sinclairs Palace Retreat Udaipur

Ownership: 9 years lease, Land: 5.28 acres, Built-up: 75,000 sq ft, Completed: 2025
Rooms: 95 total (78 Premier @ 317 sq ft, 4 Premier Plus @ 346 sq ft, 8 Premier Suite @ 370 sq ft, 5 Villa @ 400 sq ft)
Additional rooms possible: No

Sustainability Initiatives

Extensive tree plantation programs
Water conservation measures including rainwater harvesting
Energy-efficient LED lighting replacement
Using organic, locally sourced ingredients
Waste reduction through recycling initiatives
Empowering and supporting local communities

Management Team

Preeti Suchanti Khicha - Vice President, Marketing
Swajib Swapan Chatterjee - Chief Operating Officer
B L Soni - Chief Finance Officer
Ashis Kumar Chatterjee - Project & Procurement Manager
Somnath Das - Deputy General Manager - Sales
Rumpa Bhattacharya - Assistant General Manager (Reservations & Revenue)
Prakash Singh - Assistant General Manager Sales

Future Plans

Invest approximately ₹500 lakh in properties at Kalimpong and Chalsa during the year to set up new facilities required for wedding events
Proposed room additions: Chalsa (70 rooms), Kalimpong (20 rooms), Burdwan (24 rooms)
Viability study being undertaken for room expansion projects
Projects to be funded through internal accruals
Company positioned to benefit from expected growth in West Bengal and north-eastern region due to government infrastructure initiatives

Industry Recognition

Plimsoll Report 2025 findings:
Sinclairs is one of the most profitable in the Indian hotel market
Achieved a strong performance rating
Among companies with the lowest risk of failure
Tripadvisor rankings (as of May 2026) show high ratings across all properties (4.3-4.9 stars)
Multiple awards of excellence from Tripadvisor and Booking.com