Apollo Sindoori Hotels Limited is an India-based hospitality service management and support services company. The Company manages a range of hospitality services, from food services to kitchen planning and management. Its services include healthcare catering, industrial catering, corporate catering, institution catering, out-door catering, restaurants, and management services. Apollo Sindoori Hotels Limited was incorporated on November 3, 1998. The Company is in the business of managing food outlets at hospitals and reputed organizations.
The company operates as a comprehensive hospitality service provider, specializing in large-scale food service operations, preparing over 45,000 meals daily. Its healthcare catering includes providing nutritious food options for patients, residents, staff, and visitors, working with hospital nutritionists to create customized menus for patients' specific needs. Beyond healthcare facilities, the company serves a diverse range of clients, including corporate offices, educational institutions, and industrial establishments.
Its restaurant, Sketch, a sixteen-seater cafe located in the heart of Chennai, serves continental food along with bakery and confectionery products. Additionally, the company operates restaurants in Chennai and a hotel in Bangalore under the SKETCH brand name, provides outdoor catering services, and offers skilled manpower to hospitals. The company has established a strong presence in the hospitality sector through its integrated service offerings and strategic partnerships.
The current market capitalization of Apollo Sindoori Hotels Ltd (APOLSINHOT) stands at ₹340.68 Crore as of May 20, 2025. The 52-week high for Apollo Sindoori Hotels Ltd (APOLSINHOT) is ₹2224.85 and the 52-week low is ₹1160. This indicates significant volatility in the stock price over the past year, reflecting the dynamic nature of the hospitality sector.
The company's valuation metrics present mixed signals. The P/E (price-to-earnings) ratio of Apollo Sindoori Hotels Ltd (APOLSINHOT) was reported at 29.57. The P/B (price-to-book) ratio is 2.43. However, more recent data from May 2025 shows the P/E ratio at 44.13 times, a 24% premium to its peers' median range of 35.61 times. The current dividend yield of Apollo Sindoori Hotels Ltd (APOLSINHOT) is 0.16%.
- Net Profit: Declined 50.00% to ₹1.86 Crore compared to ₹3.72 Crore in Q3 FY2024.
- Sales: Rose 4.06% to ₹140.98 Crore compared to ₹135.48 Crore in Q3 FY2024.
- Net Profit: Rose 23.33% to ₹2.22 Crore compared to ₹1.80 Crore in Q2 FY2024.
- Sales: Rose 5.85% to ₹135.06 Crore compared to ₹127.59 Crore in Q2 FY2024.
The company faced challenging conditions in FY2024.
- Operating Income: Fell 22.0% on a year-on-year (YoY) basis.
- Operating Profit: Decreased by 39.0% YoY.
- Operating Profit Margins: Witnessed a fall to 5.9% in FY24 from 7.5% in FY23.
- Net Profit: Declined by 40.7% YoY.
- Net Profit Margins: Decreased from 4.6% in FY23 to 3.5% in FY24.
The revenues of Apollo Sindoori Hotels stood at ₹2,928 million in FY24, down by -22.2% compared to ₹3,764 million reported in FY23. Over the past 5 years, the revenue has grown at a CAGR of 10.2%, from ₹1,987 million in FY20 to ₹2,928 million in FY24.
Apollo Sindoori Hotels Ltd (APOLSINHOT) operates within the Consumer Discretionary sector, specifically the Restaurants & Cafes sub-sector. The company's business model is built around providing comprehensive hospitality services across multiple verticals:
- Healthcare Catering: The company's core strength, serving hospitals and medical institutions with specialized nutritional requirements. It works closely with hospital nutritionists to develop customized meal plans for patients with specific dietary needs.
- Corporate and Institutional Catering: Serves office complexes, educational institutions, and industrial facilities, providing regular meal services for employees and students.
- Outdoor Catering Services: Offers beverages and food for parties, small get-togethers, and other events.
- Restaurant Operations: Operates the Sketch brand, managing food outlets and cafes in key locations across South India.
- May 15, 2025: Approved audited FY25 results; declared a final dividend of ₹2/share; exploring international business opportunities; a new Company Secretary was appointed. This indicates the company's intention to expand its operations internationally, which could provide new growth avenues.
- February 06, 2025: The Board of Directors recommended an Interim Dividend of ₹0.50 per share (10%), subject to shareholder approval.
- Promoter Holding: Promoter holding in Apollo Sindoori Hotels Ltd increased to 64.68% as of December 2024 from 64.68% as of March 2024. This stable promoter holding indicates management confidence in the company's long-term prospects.
Apollo Sindoori Hotels has a total workforce of 4,213 employees, supporting its extensive operations across multiple locations. The company was listed on the National Stock Exchange in FY 2016-17 after the Madras Stock Exchange ceased operations.
The company has also engaged in strategic partnerships, including joint ventures for expanding its service capabilities in areas such as bio-medical engineering, facility engineering, and hospital support services. In 2019, the company incorporated a wholly-owned subsidiary, Olive & Twist Hospitality Private Limited (on February 25, 2019), to manage event management, business centers, convention centers, and elite catering.
Apollo Sindoori Hotels Limited represents a specialized player in India's hospitality services sector, with a strong focus on institutional catering and healthcare support services. While the company has faced recent challenges with declining margins and profitability, its diversified service portfolio, stable promoter holding, and plans for international expansion position it for potential recovery and growth in the evolving hospitality landscape.
