Ajanta Soya Ltd
₹ 20.3
-3.10%
02 Nov
- close price
About
Incorporated in 1992, Ajanta Soya Ltd manufactures Vanaspati Oil and Refined Oil[1]
Key Points
- Market Cap ₹ 163 Cr.
- Current Price ₹ 20.3
- High / Low ₹ 34.7 / 16.0
- Stock P/E 11.3
- Book Value ₹ 20.9
- Dividend Yield 0.00 %
- ROCE 8.87 %
- ROE 4.13 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 0.97 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.02% over past five years.
- Company has a low return on equity of 7.97% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 553 | 579 | 700 | 346 | 695 | 760 | 931 | 1,345 | 1,236 | 1,022 | 1,330 | 1,308 | 1,326 | |
| 549 | 573 | 694 | 346 | 692 | 744 | 895 | 1,297 | 1,230 | 1,019 | 1,296 | 1,295 | 1,303 | |
| Operating Profit | 3 | 6 | 6 | 0 | 2 | 16 | 36 | 48 | 6 | 3 | 34 | 12 | 23 |
| OPM % | 0.6% | 1.1% | 0.8% | 0.0% | 0.3% | 2.1% | 3.9% | 3.5% | 0.5% | 0.3% | 2.6% | 0.9% | 1.7% |
| 2 | 3 | 8 | 6 | 5 | 2 | 8 | 5 | 3 | 9 | 9 | 7 | 4 | |
| Interest | 1 | 1 | 1 | 1 | 5 | 3 | 2 | 1 | 3 | 4 | 4 | 4 | 4 |
| Depreciation | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Profit before tax | 2 | 7 | 11 | 4 | 2 | 13 | 41 | 50 | 4 | 5 | 36 | 12 | 20 |
| Tax % | -13% | 28% | 35% | 75% | 125% | 24% | 38% | 15% | 42% | 21% | 25% | 31% | |
| 3 | 5 | 7 | 1 | -0 | 10 | 25 | 42 | 2 | 4 | 27 | 8 | 14 | |
| EPS in Rs | 0.33 | 0.66 | 0.92 | 0.12 | -0.05 | 1.22 | 3.12 | 5.24 | 0.28 | 0.50 | 3.37 | 1.04 | 1.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 7% |
| 3 Years: | 2% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | -23% |
| 3 Years: | 77% |
| TTM: | -41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | -5% |
| 3 Years: | -15% |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 8% |
| Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 11 | 16 | 25 | 29 | 28 | 38 | 63 | 107 | 110 | 115 | 143 | 152 |
| 16 | 16 | 1 | 30 | 24 | 3 | 3 | 0 | 1 | 0 | 0 | 8 | |
| 49 | 59 | 70 | 42 | 87 | 60 | 78 | 141 | 105 | 85 | 100 | 76 | |
| Total Liabilities | 92 | 107 | 112 | 117 | 155 | 117 | 160 | 265 | 232 | 216 | 259 | 252 |
| 10 | 10 | 10 | 32 | 32 | 31 | 35 | 40 | 40 | 45 | 46 | 45 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 5 |
| Investments | 15 | 22 | 24 | 5 | 5 | 5 | 18 | 24 | 15 | 24 | 37 | 16 |
| 67 | 76 | 79 | 80 | 118 | 81 | 106 | 200 | 177 | 148 | 176 | 186 | |
| Total Assets | 92 | 107 | 112 | 117 | 155 | 117 | 160 | 265 | 232 | 216 | 259 | 252 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -15 | 11 | 21 | -45 | 22 | 21 | 22 | 28 | -24 | 25 | 16 | -33 | |
| -1 | -6 | -12 | 10 | -4 | 0 | -23 | -25 | 20 | -17 | -14 | 27 | |
| 13 | -1 | -11 | 33 | -11 | -26 | 4 | -4 | -1 | -5 | -3 | 2 | |
| Net Cash Flow | -2 | 4 | -3 | -2 | 7 | -5 | 2 | -0 | -5 | 3 | -1 | -3 |
| Free Cash Flow | -16 | 10 | 20 | -67 | 21 | 20 | 16 | 19 | -15 | 12 | 13 | -40 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -416% | 183% | 431% | -28,620% | 1,043% | 145% | 72% | 95% | -282% | 863% | 69% | -226% |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 11 | 11 | 16 | 15 | 8 | 7 | 6 | 11 | 4 | 10 | 7 |
| Inventory Days | 22 | 29 | 17 | 48 | 30 | 21 | 18 | 39 | 35 | 37 | 31 | 40 |
| Days Payable | 32 | 35 | 35 | 41 | 44 | 27 | 25 | 37 | 29 | 29 | 26 | 18 |
| Cash Conversion Cycle | 5 | 4 | -7 | 23 | 1 | 2 | -0 | 8 | 16 | 12 | 14 | 29 |
| Working Capital Days | -5 | -8 | -8 | 6 | -5 | 3 | 3 | 6 | 16 | 12 | 13 | 25 |
| ROCE % | 9% | 18% | 24% | 6% | 2% | 25% | 60% | 49% | 4% | 6% | 27% | 9% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Production Volume of Vanaspati/Refined Oil MT |
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| Sales Volume of Vanaspati/Refined Oils MT |
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| Number of Permanent Employees count |
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| Branded Revenue Share % |
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| Number of Dealers/Distributors count |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
- Ajanta Soya CFO Anil Kumar Rana resigned effective 11 October 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30-09-2026
-
Announcement under Regulation 30 (LODR)-Change in Management
- AGM approved reappointment of Sushil Kumar Goyal as MD and Abhey Goyal as WTD for three years.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Ajanta Soya declared 35th AGM voting results on 30 Sep 2026; all six resolutions passed.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- Ajanta Soya held its 35th AGM on 28 September 2026; shareholders voted on six resolutions.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Business Overview:[1]
The Company manufactures Vanaspati and various refined oil and shortening products for bakery products like biscuits, puffs, pastries, and other applications.