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 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
269 245 221 245 265 273 215 269 247 272 249 283 268
266 241 218 241 270 272 233 262 249 268 252 268 245
Operating Profit 3 4 3 4 -5 2 -18 7 -2 4 -2 15 23
OPM % 1% 2% 1% 2% -2% 1% -8% 3% -1% 1% -1% 5% 8%
3 2 2 2 2 2 31 1 2 2 1 1 3
Interest 3 3 4 4 4 4 4 5 5 6 6 7 6
Depreciation 4 4 4 4 5 5 5 5 5 5 5 5 5
Profit before tax -1 -2 -3 -2 -12 -5 4 -2 -11 -5 -13 5 14
Tax % -88% -50% -67% -13% -33% -45% 85% -37% -27% -30% -26% 22% 25%
-0 -1 -1 -2 -8 -3 1 -1 -8 -3 -9 4 11
EPS in Rs -0.02 -0.31 -0.46 -0.77 -3.09 -1.14 0.23 -0.47 -3.06 -1.49 -3.67 1.37 4.34
Raw PDF

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
Maize Grinding Volume
MT ・Standalone data
Captive Power Capacity
MW ・Standalone data

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

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