Sayaji Industries Ltd

Sayaji Industries Ltd

₹ 127 -5.00%
18 May - close price
About

Incorporated in 1941, Sayaji Industries Ltd manufactures Starches, Modified Starches and other derivatives[1]

Key Points

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.

  • Market Cap 320 Cr.
  • Current Price 127
  • High / Low 147 / 53.8
  • Stock P/E 140
  • Book Value 37.1
  • Dividend Yield 0.00 %
  • ROCE 8.13 %
  • ROE 2.47 %
  • Face Value 5.00

Pros

Cons

  • Stock is trading at 3.41 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -16.0% 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
264 232 214 233 258 258 206 252 241 249 239 260 259
262 229 212 229 263 257 225 246 243 247 242 246 236
Operating Profit 2 3 2 4 -5 1 -19 7 -3 2 -3 14 23
OPM % 1% 1% 1% 2% -2% 0% -9% 3% -1% 1% -1% 5% 9%
5 1 0 1 5 1 30 0 6 2 1 2 3
Interest 3 3 3 3 4 4 4 5 5 5 6 6 6
Depreciation 4 4 4 4 4 5 5 5 5 5 5 5 5
Profit before tax 1 -2 -5 -3 -8 -7 3 -3 -7 -5 -12 4 15
Tax % -68% -33% -48% -10% -47% -34% 114% -24% -40% -33% -27% 18% 23%
2 -2 -3 -3 -4 -5 -0 -2 -4 -4 -9 4 12
EPS in Rs 0.86 -0.63 -1.01 -1.13 -1.70 -1.78 -0.17 -0.87 -1.70 -1.45 -3.60 1.39 4.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
468 491 531 579 621 620 537 764 1,006 937 958 1,007
440 470 510 553 593 602 487 717 986 932 970 971
Operating Profit 28 22 20 27 28 18 50 47 20 5 -13 36
OPM % 6% 4% 4% 5% 4% 3% 9% 6% 2% 0% -1% 4%
1 1 5 3 26 4 3 5 14 6 36 9
Interest 8 11 11 12 12 16 13 10 10 13 18 24
Depreciation 7 8 9 8 9 11 11 12 14 16 19 20
Profit before tax 13 4 5 10 33 -5 29 30 9 -19 -14 1
Tax % 29% 27% 28% 39% 24% -56% 42% 36% 21% -39% -17% -61%
9 3 4 6 25 -2 17 19 7 -11 -11 2
EPS in Rs 156.83 45.50 65.50 2.43 9.96 -0.92 6.56 7.45 2.85 -4.47 -4.53 0.91
Dividend Payout % 15% 36% 30% 19% 5% 0% 4% 3% 9% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: 0%
TTM: 5%
Compounded Profit Growth
10 Years: -1%
5 Years: -33%
3 Years: 27%
TTM: 106%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 47%
1 Year: 70%
Return on Equity
10 Years: 0%
5 Years: -5%
3 Years: -16%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 0.79 0.79 0.79 3 3 3 3 3 3 3 3 13
Reserves 46 47 52 54 77 74 91 107 113 101 89 81
91 102 106 113 136 131 129 97 115 162 216 212
61 85 73 73 94 123 118 168 166 247 186 204
Total Liabilities 199 235 231 243 310 331 341 375 396 513 493 510
115 130 133 149 199 201 208 241 246 297 299 312
CWIP 3 2 3 4 4 10 9 3 22 11 22 4
Investments 2 1 2 5 5 7 10 11 16 20 25 30
79 102 93 85 103 113 113 119 112 185 148 163
Total Assets 199 235 231 243 310 331 341 375 396 513 493 510

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
19 20 21 34 26 46 35 77 21 35 -39 45
-32 -22 -12 -29 -35 -24 -21 -34 -28 -60 4 -19
13 2 -9 -5 10 -22 -14 -43 7 25 35 -27
Net Cash Flow 0 -0 0 -0 -0 -0 0 -0 -0 0 1 -1
Free Cash Flow -13 -2 10 7 -35 26 16 43 -7 -24 -36 26
CFO/OP 89% 93% 108% 136% 111% 262% 77% 173% 119% 748% 305% 124%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 29 25 25 23 23 28 30 24 16 22 23 19
Inventory Days 35 56 44 39 43 42 58 43 27 59 36 33
Days Payable 55 70 48 36 50 83 93 90 60 113 73 78
Cash Conversion Cycle 8 12 22 26 16 -13 -6 -23 -17 -33 -14 -26
Working Capital Days -22 -29 -32 -39 -36 -53 -50 -29 -30 -51 -63 -66
ROCE % 18% 10% 11% 13% 12% 4% 19% 18% 5% -2% -8% 8%

Insights

In beta
Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Maize Grinding Capacity
MTPD

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Inventory Holding Period
Days
Maize Grinding Volume
MT
Captive Power Capacity
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.99% 74.99% 74.99% 74.97% 74.97% 74.97% 74.97% 74.94% 74.94% 74.94% 74.59% 74.94%
0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01%
25.00% 25.00% 25.01% 25.00% 25.01% 25.02% 25.01% 25.04% 25.05% 25.04% 25.40% 25.04%
No. of Shareholders 3,6543,5853,5803,4883,4603,4013,2873,2343,2263,3943,6873,532

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls