Sayaji Industries Ltd
Incorporated in 1941, Sayaji Industries Ltd manufactures Starches, Modified Starches and other derivatives[1]
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 |
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| Maize Grinding Volume MT |
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| Captive Power Capacity MW |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 May - News paper publication cutting of Financial Results of quarter and year ended 31st March, 2026.
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Brief Profile Of Internal Auditor M/S TRS & Associates.
6 May - Board approved appointment of M/s T R S & Associates as internal auditor for FY2026-27.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 May - Sayaji Industries reported Q4FY26 and FY26 results; FY26 revenue ₹1,071.8 Cr, PAT ₹1.5 Cr.
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Brief Profile Of Cost Auditors M/S Dalwadi & Associates.
5 May - Board approved appointment of M/s Dalwadi & Associates as cost auditor for FY2026-27, subject to AGM approval.
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Brief Profile Of Internal Auditors TRS & Associates.
5 May - Sayaji Industries appointed M/s T R S & Associates as internal auditor for FY 2026-27.
Annual reports
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Financial Year 2025
from bse
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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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Concalls
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Mar 2019TranscriptAI SummaryPPT
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.