Sanstar Ltd
We are one of the major manufacturers of plant based speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications, with an installed capacity of 1,100 metric tons per day.
- Market Cap ₹ 1,673 Cr.
- Current Price ₹ 91.8
- High / Low ₹ 159 / 78.5
- Stock P/E 38.2
- Book Value ₹ 36.2
- Dividend Yield 0.00 %
- ROCE 11.7 %
- ROE 9.60 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 130% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 32.6 to 39.4 days.
* 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 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 261 | 317 | 504 | 760 | 1,110 | 953 | |
| 243 | 280 | 464 | 688 | 1,012 | 897 | |
| Operating Profit | 19 | 37 | 40 | 71 | 98 | 56 |
| OPM % | 7% | 12% | 8% | 9% | 9% | 6% |
| 0 | 0 | 0 | 1 | 14 | 18 | |
| Interest | 11 | 12 | 9 | 9 | 11 | 8 |
| Depreciation | 7 | 9 | 9 | 9 | 12 | 11 |
| Profit before tax | 1 | 17 | 22 | 54 | 90 | 55 |
| Tax % | 167% | 15% | 28% | 24% | 26% | 20% |
| -1 | 14 | 16 | 41 | 67 | 44 | |
| EPS in Rs | -0.24 | 4.77 | 5.40 | 13.81 | 4.75 | 2.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 24% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 130% |
| 3 Years: | 40% |
| TTM: | -34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 20% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 30 | 30 | 30 | 30 | 28 | 36 |
| Reserves | 26 | 40 | 56 | 96 | 226 | 623 |
| 112 | 102 | 85 | 81 | 128 | 27 | |
| 39 | 26 | 37 | 49 | 146 | 71 | |
| Total Liabilities | 207 | 197 | 207 | 257 | 528 | 758 |
| 148 | 140 | 133 | 160 | 202 | 192 | |
| CWIP | 0 | 1 | 3 | 1 | 20 | 88 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 58 | 56 | 71 | 95 | 305 | 478 | |
| Total Assets | 207 | 197 | 207 | 257 | 528 | 758 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 8 | 30 | 30 | 53 | 28 | 39 | |
| -3 | -2 | -4 | -34 | -37 | -175 | |
| -4 | -29 | -25 | -13 | 5 | 253 | |
| Net Cash Flow | 1 | -1 | 0 | 5 | -3 | 118 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 44 | 24 | 29 | 20 | 39 | 39 |
| Inventory Days | 25 | 24 | 12 | 8 | 50 | 29 |
| Days Payable | 49 | 15 | 17 | 12 | 42 | 9 |
| Cash Conversion Cycle | 20 | 32 | 24 | 15 | 47 | 59 |
| Working Capital Days | 27 | 46 | 31 | 28 | 60 | 75 |
| ROCE % | 17% | 18% | 33% | 34% | 12% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Newspaper Publication of Audited Standalone Financial Results for the quarter and year ended March 31, 2025.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report confirms Sanstar's full regulatory compliance for FY 2024-25.
-
Audited Financial Results For The Quarter And Year Ended March 31, 2025.
30 May - Sanstar Limited announces audited FY25 results with unmodified opinion and appoints secretarial auditors.
-
Announcement under Regulation 30 (LODR)-Change in Management
30 May - Appointment of Keyur J. Shah & Associates as secretarial auditors for FY 2024-25 and 2025-26.
-
Board Meeting Outcome for Board Meeting Outcome For Board Meeting Held On 30Th May, 2025
30 May - Sanstar Limited announces audited FY25 financial results with unmodified opinion and appoints secretarial auditors.
Market Position[1] The Company is the third largest manufacturer of maize-based specialty products and ingredient solutions in India. Their revenues have grown at a CAGR of 45% between FY22 - FY24.[2]