Sayaji Industries Ltd

Sayaji Industries Ltd

₹ 310 -1.27%
22 Nov - close price
About

Incorporated in 1941, Sayaji Industries Ltd manufactures Starches, Modified Starches and other derivatives[1]

Key Points

Business Overview:[1][2]
Company manufactures maize starch and its downstream value-added products which find application in diverse industries viz. Textile, paper & packaging, pharmaceutical, food and confectionery, cosmetic, soaps & detergent industries, seeds industries, paint, poultry, animal feed, etc.

  • Market Cap 196 Cr.
  • Current Price 310
  • High / Low 400 / 163
  • Stock P/E
  • Book Value 156
  • Dividend Yield 0.00 %
  • ROCE -1.79 %
  • ROE -9.54 %
  • Face Value 5.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.91% over last 3 years.
  • Earnings include an other income of Rs.37.3 Cr.

* 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
175.67 195.62 232.54 240.51 247.55 253.53 264.08 232.23 213.86 232.76 257.67 258.01 206.37
167.51 180.32 221.42 234.45 247.96 241.72 261.91 229.15 211.79 229.18 263.16 257.19 224.90
Operating Profit 8.16 15.30 11.12 6.06 -0.41 11.81 2.17 3.08 2.07 3.58 -5.49 0.82 -18.53
OPM % 4.65% 7.82% 4.78% 2.52% -0.17% 4.66% 0.82% 1.33% 0.97% 1.54% -2.13% 0.32% -8.98%
1.48 0.49 1.48 7.47 0.54 0.59 5.28 1.02 0.16 0.74 5.43 0.69 30.44
Interest 2.65 2.07 2.58 2.54 2.73 2.50 2.57 2.82 3.31 3.49 3.73 3.87 4.11
Depreciation 2.95 3.03 3.40 3.44 3.48 3.54 3.59 3.67 3.80 4.01 4.38 4.52 4.62
Profit before tax 4.04 10.69 6.62 7.55 -6.08 6.36 1.29 -2.39 -4.88 -3.18 -8.17 -6.88 3.18
Tax % 36.63% 35.17% 37.61% 35.23% -35.53% 36.16% -68.22% -33.47% -47.54% -10.06% -47.49% -34.45% 113.52%
2.56 6.92 4.14 4.89 -3.92 4.07 2.18 -1.59 -2.56 -2.87 -4.30 -4.51 -0.44
EPS in Rs 4.05 10.95 6.55 7.74 -6.20 6.44 3.45 -2.52 -4.05 -4.54 -6.80 -7.14 -0.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
474 497 468 491 531 579 621 620 537 764 1,006 937 955
453 471 440 470 510 553 593 602 487 717 986 932 974
Operating Profit 20 26 28 22 20 27 28 18 50 47 20 5 -20
OPM % 4% 5% 6% 4% 4% 5% 4% 3% 9% 6% 2% 0% -2%
0 0 1 1 5 3 26 4 3 5 14 6 37
Interest 8 8 8 11 11 12 12 16 13 10 10 13 15
Depreciation 6 6 7 8 9 8 9 11 11 12 14 16 18
Profit before tax 6 12 13 4 5 10 33 -5 29 30 9 -19 -15
Tax % -9% 42% 29% 27% 28% 39% 24% -56% 42% 36% 21% -39%
7 7 9 3 4 6 25 -2 17 19 7 -11 -12
EPS in Rs 355.00 333.50 470.50 136.50 196.50 9.71 39.87 -3.67 26.25 29.81 11.42 -17.91 -19.18
Dividend Payout % 13% 18% 15% 36% 30% 19% 5% 0% 4% 3% 9% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 20%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -677%
Stock Price CAGR
10 Years: %
5 Years: 20%
3 Years: 20%
1 Year: 73%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 3%
Last Year: -10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.79 0.79 0.79 0.79 0.79 3 3 3 3 3 3 3 3
Reserves 33 39 46 47 52 54 77 74 91 107 113 101 95
69 65 91 102 106 113 136 131 129 97 115 162 189
94 77 61 85 73 73 94 123 118 168 166 247 220
Total Liabilities 197 182 199 235 231 243 310 331 341 375 396 513 507
83 90 115 130 133 149 199 201 208 241 246 297 306
CWIP 3 4 3 2 3 4 4 10 9 3 22 11 2
Investments 2 2 2 1 2 5 5 7 10 11 16 20 20
109 86 79 102 93 85 103 113 113 119 112 185 179
Total Assets 197 182 199 235 231 243 310 331 341 375 396 513 507

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 28 19 20 21 34 26 46 35 77 21 35
-9 -14 -32 -22 -12 -29 -35 -24 -21 -34 -28 -60
2 -13 13 2 -9 -5 10 -22 -14 -43 7 25
Net Cash Flow -0 1 0 -0 0 -0 -0 -0 0 -0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 31 29 29 25 25 23 23 28 30 24 16 22
Inventory Days 54 29 35 56 44 39 43 42 58 43 27 59
Days Payable 79 63 55 70 48 36 50 83 93 90 60 113
Cash Conversion Cycle 6 -6 8 12 22 26 16 -13 -6 -23 -17 -33
Working Capital Days 11 8 9 10 10 4 3 -14 3 -14 -12 -23
ROCE % 16% 19% 18% 10% 11% 13% 12% 4% 19% 18% 5% -2%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.98% 74.98% 74.98% 74.97% 74.97% 74.99% 74.99% 74.99% 74.99% 74.97% 74.97% 74.97%
0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00%
0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.02% 0.02%
25.01% 25.01% 25.01% 25.01% 25.01% 25.00% 25.00% 25.00% 25.01% 25.00% 25.01% 25.02%
No. of Shareholders 3,7923,6723,6223,6513,6493,6683,6543,5853,5803,4883,4603,401

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls