Key Metrics of Sukhsagar Complexes Pvt. Ltd
About Sukhsagar Complexes Pvt. Ltd
Company details
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
NoteRating watch (ICRA, 17 Aug 2026)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 17 Aug 2026 | ICRA | Watch | A+ | A1 | Developing | ₹38.7 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Well-recognised brands and geographically diversified product portfolio
LTHL is among India’s largest hotel chains, with 135 operational properties in more than 80 locations as on June 30, 2026.
+ Experienced promoters and management team
LTHL is promoted by Mr. Patanjali Keswani, who has been associated with the hospitality industry for over 30 years.
+ Strategy to expand through management contract route to limit capital requirement and minimise development risk
The company has been expanding its footprint through an asset-light model that involves leasing of properties or entering franchise agreements/ management contracts with property owners.
Credit challenges
− Exposed to industry cyclicality, general economic slowdown, and exogenous shocks
Given the discretionary nature of consumer spending, the Indian hospitality industry is susceptible to macroeconomic conditions, tourist movement and several exogenous factors, leading to inherent cyclicality.
− Moderate debt coverage metrices and return on capital employed; gradual improvement expected, aided by healthy underlying demand
The consolidated debt levels on LTHL level (excluding lease liabilities) reduced to Rs. 1,500 crore as on March 31, 2026 (Rs. 1,899 crore as on March 31, 2024).
Could lead to an upgrade
The ratings will be removed from watch post the completion of the ongoing business reorganisation scheme. A sustained improvement in operational metrics and profitability indicators leading to significant improvement in leverage and coverage metrics along with
Could lead to a downgrade
The ratings will be removed from watch post the completion of the ongoing business reorganisation scheme. A material demand slowdown or any significant debt -funded capex plan, leading to a material weakness in the capital structure and coverage indicators could exert pressure on the ratings.
Agency-reported financials (ICRA, 17 Aug 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹1,286 Cr | ₹1,445 Cr |
| PAT | ₹243 Cr | ₹289 Cr |
| OPBDIT/OI | 49.5% | 47.8% |
| PAT/OI | 18.9% | 20.0% |
| Total outside liabilities/Tangible net worth (times) | 1.30× | 1.10× |
| Total debt/OPBDIT (times) | 3.40× | 2.90× |
| Interest coverage (times) | 3.00× | 3.90× |
| Revenue growth (YoY) | — | 12.3% |
| EBITDA (margin × income) | ₹637 Cr | ₹690 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹2,165 Cr | ₹2,002 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹212 Cr | ₹177 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term Fund-based – Continues on Term loan Long-term Short-term | Term loans | ₹3.79 Cr | ₹2.17 Cr | −42.7% | A+ | Watch | ICRA |
| Continues on Implications Continues on – Unallocated Limits | Other | ₹34.9 Cr | ₹36.5 Cr | 4.6% | A+ / A1 | Watch | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 57% |
| Information on file | 44% · missing: Annual results history (3+ years), Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 58% chance the next rating action is stable or better
- Current rating A+ (investment grade)
- Interest coverage 3.9×
- ₹36.53 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
The reduction in debt was led by a scheduled repayment of its term debt obligations.
From the report
Liquidity position: Adequate LTHL’s liquidity is expected to remain adequate, supported by healthy net cash accruals, free cash and liquid investments of Rs. 164 crore and undrawn working capital limits of Rs. 45 crore as of March 2026.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.