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 ₹ 1,669 Cr.
- Current Price ₹ 91.6
- High / Low ₹ 138 / 78.5
- Stock P/E 61.9
- Book Value ₹ 36.2
- Dividend Yield 0.00 %
- ROCE 11.8 %
- ROE 9.63 %
- 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: | -28% |
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 | 30 | 39 | |
-3 | -2 | -4 | -34 | -38 | -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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2h - Compliance Certificate under regulation 74(5)of the SEBI ( Depositories and Participants Regulations, 2018)
-
Clarification On Significant Increase In Volume Of Security Of Sanstar Limited
7 Oct - 07 Oct 2025: Sanstar Limited clarifies trading volume, confirms no material/unpublished price-sensitive information.
-
Clarification sought from Sanstar Ltd
7 Oct - Exchange has sought clarification from Sanstar Ltd on October 7, 2025, with reference to Movement in Volume.
-
Closure of Trading Window
25 Sep - Trading window closed Oct 1, 2025 until 48 hours after Sept 30, 2025 results.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 10 Sep
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]