Sayaji Industries Ltd
Incorporated in 1941, Sayaji Industries Ltd manufactures Starches, Modified Starches and other derivatives[1]
- Market Cap ₹ 165 Cr.
- Current Price ₹ 261
- High / Low ₹ 414 / 180
- Stock P/E
- Book Value ₹ 145
- Dividend Yield 0.00 %
- ROCE 1.50 %
- ROE -11.7 %
- Face Value ₹ 5.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.08% over past five years.
- Company has a low return on equity of -6.49% over last 3 years.
- Earnings include an other income of Rs.38.7 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
497 | 468 | 491 | 531 | 579 | 621 | 620 | 537 | 764 | 1,006 | 937 | 958 | 948 | |
471 | 440 | 470 | 510 | 553 | 593 | 602 | 487 | 717 | 986 | 932 | 971 | 961 | |
Operating Profit | 26 | 28 | 22 | 20 | 27 | 28 | 18 | 50 | 47 | 20 | 5 | -14 | -12 |
OPM % | 5% | 6% | 4% | 4% | 5% | 4% | 3% | 9% | 6% | 2% | 0% | -1% | -1% |
0 | 1 | 1 | 5 | 3 | 26 | 4 | 3 | 5 | 14 | 6 | 37 | 39 | |
Interest | 8 | 8 | 11 | 11 | 12 | 12 | 16 | 13 | 10 | 10 | 13 | 18 | 20 |
Depreciation | 6 | 7 | 8 | 9 | 8 | 9 | 11 | 11 | 12 | 14 | 16 | 19 | 19 |
Profit before tax | 12 | 13 | 4 | 5 | 10 | 33 | -5 | 29 | 30 | 9 | -19 | -14 | -12 |
Tax % | 42% | 29% | 27% | 28% | 39% | 24% | -56% | 42% | 36% | 21% | -39% | -17% | |
7 | 9 | 3 | 4 | 6 | 25 | -2 | 17 | 19 | 7 | -11 | -11 | -11 | |
EPS in Rs | 333.50 | 470.50 | 136.50 | 196.50 | 9.71 | 39.87 | -3.67 | 26.25 | 29.81 | 11.42 | -17.91 | -18.15 | -16.82 |
Dividend Payout % | 18% | 15% | 36% | 30% | 19% | 5% | 0% | 4% | 3% | 9% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 9% |
3 Years: | 8% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 8% |
1 Year: | 33% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 3% |
3 Years: | -6% |
Last Year: | -12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.79 | 0.79 | 0.79 | 0.79 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 39 | 46 | 47 | 52 | 54 | 77 | 74 | 91 | 107 | 113 | 101 | 89 |
65 | 91 | 102 | 106 | 113 | 136 | 131 | 129 | 97 | 115 | 162 | 216 | |
77 | 61 | 85 | 73 | 73 | 94 | 123 | 118 | 168 | 166 | 247 | 186 | |
Total Liabilities | 182 | 199 | 235 | 231 | 243 | 310 | 331 | 341 | 375 | 396 | 513 | 493 |
90 | 115 | 130 | 133 | 149 | 199 | 201 | 208 | 241 | 246 | 297 | 300 | |
CWIP | 4 | 3 | 2 | 3 | 4 | 4 | 10 | 9 | 3 | 22 | 11 | 21 |
Investments | 2 | 2 | 1 | 2 | 5 | 5 | 7 | 10 | 11 | 16 | 20 | 25 |
86 | 79 | 102 | 93 | 85 | 103 | 113 | 113 | 119 | 112 | 185 | 148 | |
Total Assets | 182 | 199 | 235 | 231 | 243 | 310 | 331 | 341 | 375 | 396 | 513 | 493 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
28 | 19 | 20 | 21 | 34 | 26 | 46 | 35 | 77 | 21 | 35 | -39 | |
-14 | -32 | -22 | -12 | -29 | -35 | -24 | -21 | -34 | -28 | -60 | 4 | |
-13 | 13 | 2 | -9 | -5 | 10 | -22 | -14 | -43 | 7 | 25 | 35 | |
Net Cash Flow | 1 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 | 0 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 29 | 29 | 25 | 25 | 23 | 23 | 28 | 30 | 24 | 16 | 22 | 23 |
Inventory Days | 29 | 35 | 56 | 44 | 39 | 43 | 42 | 58 | 43 | 27 | 59 | 33 |
Days Payable | 63 | 55 | 70 | 48 | 36 | 50 | 83 | 93 | 90 | 60 | 113 | 68 |
Cash Conversion Cycle | -6 | 8 | 12 | 22 | 26 | 16 | -13 | -6 | -23 | -17 | -33 | -12 |
Working Capital Days | -16 | -22 | -29 | -32 | -39 | -36 | -53 | -50 | -29 | -30 | -51 | -63 |
ROCE % | 19% | 18% | 10% | 11% | 13% | 12% | 4% | 19% | 18% | 5% | -2% | 2% |
Documents
Announcements
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Corporate Action-Board to consider Bonus Issue
2d - Board approved 1:3 bonus shares and authorized capital increase to ₹15 crore; AGM on 25 Sept 2025.
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Corporate Action-Board to consider Bonus Issue
2d - Bonus issue of 1:3 ratio, issuing 1.89 crore shares, increasing paid-up capital to ₹12.64 crore.
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Submission Of Standalone And Consolidated Financial Results For The Quarter Ended 30Th June, 2025.
2d - Q1 FY26 results approved; 1:3 bonus shares and authorized capital raised to Rs 15 crore proposed.
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Board Meeting Outcome for Outcome Of Board Meeting For The Financial Results Quarter Ended 30Th June, 2025 And Board''s Approval For Issuance Of Bonus Shares.
2d - Approved Q1 results; announced 1:3 bonus shares; authorized capital increased to Rs 15 crore; AGM on Sept 25, 2025.
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Board Meeting Intimation for Approval Of Financial Results For 30Th June, 2025, Proposal For Increase In Authorized Share Capital Subject To Requisite Approvals And Proposal For Issuance Of Bonus Shares Subject To Requisite Approvals.
10 Aug - Board meeting on 14 Aug to approve Q1 results, alter share capital, and propose bonus shares.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Concalls
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Mar 2019TranscriptNotesPPT
Business Overview:[1][2]
Company manufactures maize starch and its downstream value-added products which find application in diverse industries viz. Textile, paper & packaging, pharmaceutical, food and confectionery, cosmetic, soaps & detergent industries, seeds industries, paint, poultry, animal feed, etc.