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 ₹ 2,118 Cr.
- Current Price ₹ 106
- High / Low ₹ 138 / 74.3
- Stock P/E 31.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 29.2 %
- ROE 29.9 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
Cons
- Promoter holding has decreased over last quarter: -6.36%
- Debtor days have increased from 32.3 to 40.2 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 504 | 1,205 | 1,067 | |
| 464 | 1,133 | 969 | |
| Operating Profit | 40 | 72 | 98 |
| OPM % | 8% | 6% | 9% |
| 0 | 5 | 14 | |
| Interest | 9 | 10 | 11 |
| Depreciation | 9 | 12 | 12 |
| Profit before tax | 22 | 55 | 90 |
| Tax % | 28% | 25% | 26% |
| 16 | 42 | 67 | |
| EPS in Rs | 5.40 | 14.17 | 4.75 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| Last Year: | 30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Equity Capital | 30 | 28 | 28 |
| Reserves | 56 | 159 | 226 |
| 85 | 112 | 128 | |
| 37 | 70 | 146 | |
| Total Liabilities | 207 | 368 | 528 |
| 133 | 196 | 202 | |
| CWIP | 3 | 1 | 20 |
| Investments | 0 | 0 | 0 |
| 71 | 172 | 305 | |
| Total Assets | 207 | 368 | 528 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 30 | -6 | 29 | |
| -4 | -71 | -37 | |
| -25 | 83 | 5 | |
| Net Cash Flow | 0 | 6 | -3 |
| Free Cash Flow | 28 | -78 | -12 |
| CFO/OP | 89% | -1% | 46% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 29 | 28 | 40 |
| Inventory Days | 12 | 10 | 50 |
| Days Payable | 17 | 11 | 42 |
| Cash Conversion Cycle | 24 | 26 | 48 |
| Working Capital Days | 11 | 13 | 30 |
| ROCE % | 28% | 29% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Capacity Utilization % ・Standalone data |
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| Export Revenue ₹ Mn ・Standalone data |
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| Top 10 Customer Concentration % ・Standalone data |
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| Installed Capacity TPD ・Standalone data |
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| Number of Countries Exported To count ・Standalone data |
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| Derivatives Revenue Mix % ・Standalone data |
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| Maize Processing Volume MT ・Standalone data |
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| Starches Revenue Mix % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jul - Sanstar submitted Regulation 74(5) certificate for Q1 ended 30 June 2026.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
9 Jul - BSE/NSE approved trading of 1,80,24,157 preferential shares at ₹110 from July 10, 2026.
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Intimation Of Listing Approval
2 Jul - NSE grants in-principle listing approval for 18,024,157 preferential equity shares on July 2, 2026.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 30 Jun
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Disclosure Under Regulation 29(1) Of SEBI (Substatntial Acquisition Of Shares And Takeover) Regulations, 2011
29 Jun - Corn Products Development acquired 1.80 crore Sanstar shares for ₹198.27 crore, taking 9% stake on June 24, 2026.
Market Leadership[1]
Sanstar is set to become India’s #2 manufacturer of maize-based specialty products and ingredient solutions post Dhule expansion. Its installed capacity will rise from 1,100 TPD to 2,100 TPD, and is India’s second-largest exporter of maize-based specialty products.