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 ₹ 1,704 Cr.
- Current Price ₹ 93.5
- High / Low ₹ 159 / 78.5
- Stock P/E 25.5
- Book Value ₹ 37.0
- Dividend Yield 0.00 %
- ROCE 48.5 %
- ROE 53.0 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%
- Company's working capital requirements have reduced from 26.3 days to 19.8 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Peer comparison
Sector: FMCG Industry: Miscellaneous
Part of BSE Fast Moving Consumer Goods BSE SmallCap BSE IPO BSE Allcap
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 | |
|---|---|---|---|---|---|
| 261 | 317 | 504 | 760 | 1,067 | |
| 243 | 280 | 464 | 688 | 969 | |
| Operating Profit | 19 | 37 | 40 | 71 | 98 |
| OPM % | 7% | 12% | 8% | 9% | 9% |
| 0 | 0 | 0 | 1 | 14 | |
| Interest | 11 | 12 | 9 | 9 | 11 |
| Depreciation | 7 | 9 | 9 | 9 | 12 |
| Profit before tax | 1 | 17 | 22 | 54 | 90 |
| Tax % | 167% | 15% | 28% | 24% | 26% |
| -1 | 14 | 16 | 41 | 67 | |
| EPS in Rs | -0.24 | 4.77 | 5.40 | 13.81 | 4.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 50% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 69% |
| TTM: | 64% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| Last Year: | 53% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 30 | 30 | 30 | 30 | 36 |
| Reserves | 26 | 40 | 56 | 96 | 638 |
| 112 | 102 | 85 | 81 | 67 | |
| 39 | 26 | 37 | 49 | 73 | |
| Total Liabilities | 207 | 197 | 207 | 257 | 815 |
| 148 | 140 | 133 | 160 | 196 | |
| CWIP | 0 | 1 | 3 | 1 | 43 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 58 | 56 | 71 | 95 | 577 | |
| Total Assets | 207 | 197 | 207 | 257 | 815 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 8 | 30 | 30 | 53 | 28 | |
| -3 | -2 | -4 | -34 | -37 | |
| -4 | -29 | -25 | -13 | 5 | |
| Net Cash Flow | 1 | -1 | 0 | 5 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 44 | 24 | 29 | 20 | |
| Inventory Days | 25 | 24 | 12 | 8 | |
| Days Payable | 49 | 15 | 17 | 12 | |
| Cash Conversion Cycle | 20 | 32 | 24 | 15 | |
| Working Capital Days | 27 | 46 | 31 | 28 | |
| ROCE % | 17% | 18% | 33% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 May - Q4 FY25 monitoring report shows no deviation; INR 247.10 Cr utilized, INR 116.38 Cr unutilized invested in fixed deposits.
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Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
14 May - Sanstar Limited confirms non-applicability of SEBI Large Corporate disclosure for FY 2025-26.
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Announcement under Regulation 30 (LODR)-Credit Rating
2 May - CARE Ratings upgrades Sanstar Limited's bank facilities rating to BBB+ stable and A2 short-term.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
26 Apr - Sanstar Ltd confirms it is not a 'Large Corporate' as of March 31, 2025 per SEBI circulars.
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Non Applicability Of Annual Disclosure To Be Made By Large Corporate Entity
24 Apr - Sanstar Ltd confirms it is not a 'Large Corporate' as of March 31, 2025 per SEBI circulars.
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]