Sayaji Industries Ltd
Incorporated in 1941, Sayaji Industries Ltd manufactures Starches, Modified Starches and other derivatives[1]
- Market Cap ₹ 187 Cr.
- Current Price ₹ 296
- High / Low ₹ 414 / 163
- Stock P/E
- Book Value ₹ 145
- Dividend Yield 0.00 %
- ROCE 1.98 %
- ROE -11.4 %
- Face Value ₹ 5.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.47% over past five years.
- Company has a low return on equity of -6.66% over last 3 years.
- Earnings include an other income of Rs.36.6 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
503 | 531 | 586 | 644 | 639 | 559 | 793 | 1,040 | 975 | 1,004 | |
479 | 511 | 559 | 614 | 620 | 508 | 745 | 1,019 | 969 | 1,015 | |
Operating Profit | 24 | 20 | 27 | 30 | 19 | 51 | 49 | 21 | 7 | -11 |
OPM % | 5% | 4% | 5% | 5% | 3% | 9% | 6% | 2% | 1% | -1% |
1 | 7 | 5 | 26 | 4 | 3 | 5 | 14 | 6 | 37 | |
Interest | 11 | 11 | 12 | 12 | 17 | 14 | 11 | 12 | 15 | 19 |
Depreciation | 8 | 9 | 8 | 10 | 11 | 12 | 13 | 15 | 16 | 19 |
Profit before tax | 6 | 7 | 11 | 33 | -5 | 28 | 29 | 8 | -19 | -13 |
Tax % | 29% | 23% | 34% | 24% | -56% | 42% | 36% | 18% | -38% | -17% |
4 | 5 | 7 | 25 | -2 | 17 | 19 | 7 | -12 | -11 | |
EPS in Rs | 210.50 | 258.50 | 11.78 | 39.87 | -3.70 | 26.14 | 29.86 | 11.42 | -18.56 | -17.74 |
Dividend Payout % | 23% | 23% | 16% | 5% | 0% | 4% | 3% | 9% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 8% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 11% |
1 Year: | 69% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | -7% |
Last Year: | -11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 53 | 59 | 61 | 77 | 74 | 91 | 107 | 113 | 100 | 88 |
99 | 106 | 124 | 150 | 140 | 140 | 113 | 128 | 171 | 221 | |
89 | 73 | 76 | 99 | 128 | 123 | 175 | 180 | 263 | 210 | |
Total Liabilities | 241 | 238 | 264 | 329 | 346 | 357 | 399 | 423 | 538 | 522 |
133 | 133 | 156 | 206 | 202 | 210 | 243 | 248 | 298 | 300 | |
CWIP | 2 | 3 | 4 | 4 | 10 | 9 | 3 | 22 | 11 | 21 |
Investments | 0 | 8 | 9 | 0 | 3 | 5 | 6 | 11 | 15 | 19 |
106 | 95 | 96 | 119 | 131 | 133 | 147 | 143 | 214 | 182 | |
Total Assets | 241 | 238 | 264 | 329 | 346 | 357 | 399 | 423 | 538 | 522 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
20 | 20 | 29 | 23 | 43 | 35 | 73 | 22 | 40 | -33 | |
-22 | -10 | -34 | -35 | -23 | -21 | -34 | -29 | -60 | 4 | |
1 | -9 | 4 | 12 | -21 | -14 | -39 | 6 | 20 | 30 | |
Net Cash Flow | -0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 | 1 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 26 | 25 | 24 | 26 | 31 | 33 | 28 | 20 | 25 | 24 |
Inventory Days | 56 | 46 | 45 | 50 | 48 | 67 | 53 | 36 | 66 | 43 |
Days Payable | 71 | 48 | 37 | 51 | 82 | 91 | 89 | 61 | 111 | 67 |
Cash Conversion Cycle | 12 | 23 | 32 | 25 | -4 | 9 | -7 | -5 | -20 | 0 |
Working Capital Days | 9 | 10 | 8 | 9 | -5 | 13 | -4 | -4 | -16 | -6 |
ROCE % | 11% | 13% | 12% | 4% | 19% | 18% | 5% | -1% | 2% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
6 Jun - CARE Ratings reaffirms Sayaji Industries' BBB- ratings with Negative outlook; bank limits enhanced to Rs.191.36 crore.
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Announcement under Regulation 30 (LODR)-Credit Rating
6 Jun - CARE reaffirms Sayaji Industries' BBB- ratings with Negative outlook on Rs.191.36 crore facilities.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Extract of News paper Publication for standalone and consolidated financial results for the quarter & year ended 31st March, 2025.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
29 May - CFO Manan Shah resigns effective 10 June 2025 to pursue other career opportunities.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
28 May - CFO Manan Shah resigns effective 10 June 2025 to pursue other opportunities.
Annual reports
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Financial Year 2024
from bse
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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
from bse
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.