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 ₹ 1,528 Cr.
- Current Price ₹ 83.8
- High / Low ₹ 159 / 78.5
- Stock P/E 56.7
- Book Value ₹ 36.2
- Dividend Yield 0.00 %
- ROCE 11.7 %
- ROE 9.59 %
- 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
- Earnings include an other income of Rs.19.8 Cr.
- Debtor days have increased from 32.6 to 39.4 days.
- Working capital days have increased from 36.6 days to 70.6 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 261 | 317 | 504 | 760 | 1,110 | 953 | 811 | |
| 243 | 280 | 464 | 688 | 1,012 | 897 | 783 | |
| Operating Profit | 19 | 37 | 40 | 71 | 98 | 56 | 28 |
| OPM % | 7% | 12% | 8% | 9% | 9% | 6% | 3% |
| 0 | 0 | 0 | 1 | 14 | 18 | 20 | |
| Interest | 11 | 12 | 9 | 9 | 11 | 8 | 4 |
| Depreciation | 7 | 9 | 9 | 9 | 12 | 11 | 11 |
| Profit before tax | 1 | 17 | 22 | 54 | 90 | 55 | 33 |
| Tax % | 167% | 15% | 28% | 24% | 26% | 20% | |
| -1 | 14 | 16 | 41 | 67 | 44 | 27 | |
| EPS in Rs | -0.24 | 4.77 | 5.40 | 13.81 | 4.75 | 2.40 | 1.47 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 24% |
| TTM: | -25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 130% |
| 3 Years: | 40% |
| TTM: | -61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -37% |
| 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 | -14 | 21 | 11 | 10 | 29 | 71 |
| ROCE % | 17% | 18% | 33% | 34% | 12% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement for notice of 43rd Annual General Meeting and other related information
-
Intimation Under Regulation 30 Of SEBI (LODR) 2015 - Dispatch Of Letter To Shareholders Pursuant To Regulation 36(1)(B) Of The SEBI (LODR)2015
19 Aug - AGM on September 10, 2025; e-voting Sept 7–9; cut-off Sept 3; annual report link provided.
-
Notice Of 43Rd Annual General Meeting Of The Company
19 Aug - AGM on 10 Sep 2025; adopt FY2024-25 financials; reappoint director; appoint secretarial auditor; e-voting Sept 7-9.
-
Book Closure For 43Rd Annual General Meeting
18 Aug - AGM on 10 September 2025; equity books closed 4–10 September 2025.
-
Compliances-Reg. 50 (2) - Intimation to the Exchange about meeting under 50(2)
18 Aug - 43rd AGM on 10 Sept 2025 via VC: adopt FY2024-25 results; reappoint Sambhav Chowdhary; appoint Keyur J. Shah & Associates.
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]