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 234
- Book Value ₹ 36.7
- Dividend Yield 0.00 %
- ROCE 8.18 %
- ROE 1.49 %
- Face Value ₹ 5.00
Pros
Cons
- Stock is trading at 3.45 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -16.5% 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 503 | 531 | 586 | 644 | 639 | 559 | 793 | 1,040 | 975 | 1,004 | 1,072 | |
| 479 | 511 | 559 | 614 | 620 | 508 | 745 | 1,019 | 969 | 1,014 | 1,033 | |
| Operating Profit | 24 | 20 | 27 | 30 | 19 | 51 | 49 | 21 | 7 | -10 | 39 |
| OPM % | 5% | 4% | 5% | 5% | 3% | 9% | 6% | 2% | 1% | -1% | 4% |
| 1 | 7 | 5 | 26 | 4 | 3 | 5 | 14 | 6 | 35 | 8 | |
| Interest | 11 | 11 | 12 | 12 | 17 | 14 | 11 | 12 | 15 | 19 | 25 |
| Depreciation | 8 | 9 | 8 | 10 | 11 | 12 | 13 | 15 | 16 | 19 | 21 |
| Profit before tax | 6 | 7 | 11 | 33 | -5 | 28 | 29 | 8 | -19 | -13 | 1 |
| Tax % | 29% | 23% | 34% | 24% | -56% | 42% | 36% | 18% | -38% | -17% | -21% |
| 4 | 5 | 7 | 25 | -2 | 17 | 19 | 7 | -12 | -11 | 2 | |
| EPS in Rs | 70.17 | 86.17 | 2.94 | 9.96 | -0.92 | 6.53 | 7.46 | 2.85 | -4.64 | -4.43 | 0.54 |
| Dividend Payout % | 23% | 23% | 16% | 5% | 0% | 4% | 3% | 9% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 14% |
| 3 Years: | 1% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | -39% |
| 3 Years: | 16% |
| TTM: | 103% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 47% |
| 1 Year: | 70% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -6% |
| 3 Years: | -16% |
| Last Year: | 1% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.79 | 0.79 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 13 |
| Reserves | 53 | 59 | 61 | 77 | 74 | 91 | 107 | 113 | 100 | 88 | 80 |
| 99 | 106 | 124 | 150 | 140 | 140 | 113 | 128 | 171 | 221 | 227 | |
| 89 | 73 | 76 | 99 | 128 | 123 | 175 | 180 | 263 | 209 | 230 | |
| Total Liabilities | 241 | 238 | 264 | 329 | 346 | 357 | 399 | 423 | 538 | 522 | 550 |
| 133 | 133 | 156 | 206 | 202 | 210 | 243 | 248 | 298 | 299 | 313 | |
| CWIP | 2 | 3 | 4 | 4 | 10 | 9 | 3 | 22 | 11 | 22 | 4 |
| Investments | 0 | 8 | 9 | 0 | 3 | 5 | 6 | 11 | 15 | 19 | 23 |
| 106 | 95 | 96 | 119 | 131 | 133 | 147 | 143 | 214 | 181 | 210 | |
| Total Assets | 241 | 238 | 264 | 329 | 346 | 357 | 399 | 423 | 538 | 522 | 550 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 20 | 20 | 29 | 23 | 43 | 35 | 73 | 22 | 40 | -33 | 38 | |
| -22 | -10 | -34 | -35 | -23 | -21 | -34 | -29 | -60 | 4 | -19 | |
| 1 | -9 | 4 | 12 | -21 | -14 | -39 | 6 | 20 | 30 | -20 | |
| Net Cash Flow | -0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 | 1 | 1 | -1 |
| Free Cash Flow | -1 | 8 | -5 | -38 | 23 | 15 | 38 | -6 | -20 | -31 | 18 |
| CFO/OP | 90% | 103% | 114% | 95% | 233% | 75% | 159% | 117% | 583% | 328% | 99% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 25 | 24 | 26 | 31 | 33 | 28 | 20 | 25 | 24 | 22 |
| Inventory Days | 56 | 46 | 45 | 50 | 48 | 67 | 53 | 36 | 66 | 46 | 46 |
| Days Payable | 71 | 48 | 37 | 51 | 82 | 91 | 89 | 61 | 111 | 71 | 78 |
| Cash Conversion Cycle | 12 | 23 | 32 | 25 | -4 | 9 | -7 | -5 | -20 | -1 | -11 |
| Working Capital Days | -28 | -33 | -39 | -35 | -49 | -45 | -25 | -27 | -46 | -56 | -58 |
| ROCE % | 11% | 13% | 12% | 4% | 19% | 18% | 5% | -1% | -8% | 8% |
Insights
In beta| Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Installed Maize Grinding Capacity MTPD ・Standalone data |
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| Inventory Holding Period Days ・Includes some standalone data |
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| Maize Grinding Volume MT ・Standalone data |
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| Captive Power Capacity MW ・Standalone data |
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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.