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 ₹ 1,651 Cr.
- Current Price ₹ 90.6
- High / Low ₹ 115 / 78.5
- Stock P/E 24.1
- 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
- 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
| Jun 2023 | Jun 2024 | |
|---|---|---|
| 304 | 291 | |
| 281 | 263 | |
| Operating Profit | 23 | 27 |
| OPM % | 8% | 9% |
| 1 | 1 | |
| Interest | 3 | 4 |
| Depreciation | 2 | 3 |
| Profit before tax | 18 | 22 |
| Tax % | 23% | 23% |
| 14 | 17 | |
| EPS in Rs | 4.78 | 1.18 |
| Raw PDF |
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: | -19% |
| 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 |
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% |
Documents
Announcements
-
Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone Financial Results Of The Company For The Third Quarter And Nine Months Ended 31St December, 2025 And Other Business
18h - Board meeting on 13 Feb 2026 to approve unaudited Q3/9M results for Dec 31, 2025; trading window closed.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Confirmation under Reg 74(5) for quarter and nine months ended 31-Dec-2025, dated 01-Jan-2026.
- Closure of Trading Window 25 Dec 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 Nov 2025 - Q2 revenue Rs1,964mn; EBITDA Rs14mn; Dhule expansion funded by Rs1,816mn IPO proceeds commissioning Dec 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov 2025 - Newspaper Advertisement of Unaudited Financial Results for the quarter and half year ended September 30,2025.
Concalls
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Nov 2025TranscriptAI SummaryPPT
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.