Sayaji Industries Ltd

Sayaji Industries Ltd

₹ 223 -4.70%
04 Oct - 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 141 Cr.
  • Current Price 223
  • High / Low 245 / 144
  • Stock P/E
  • Book Value 164
  • Dividend Yield 0.00 %
  • ROCE -1.18 %
  • ROE -9.88 %
  • Face Value 5.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.65% over last 3 years.
  • Earnings include an other income of Rs.7.46 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
172.70 177.60 203.11 239.77 253.00 251.61 266.31 269.19 244.65 220.57 245.05 265.13 273.31
159.91 169.10 187.56 228.11 246.67 251.67 254.14 266.41 240.93 217.99 240.90 270.22 271.74
Operating Profit 12.79 8.50 15.55 11.66 6.33 -0.06 12.17 2.78 3.72 2.58 4.15 -5.09 1.57
OPM % 7.41% 4.79% 7.66% 4.86% 2.50% -0.02% 4.57% 1.03% 1.52% 1.17% 1.69% -1.92% 0.57%
1.34 1.89 0.48 1.25 8.02 0.92 2.20 2.85 1.84 1.66 1.71 1.97 2.12
Interest 3.02 3.00 2.36 2.89 2.87 3.21 2.93 2.97 3.28 3.74 3.90 4.03 4.26
Depreciation 2.94 3.11 3.21 3.56 3.64 3.67 3.72 3.77 3.83 3.95 4.17 4.54 4.65
Profit before tax 8.17 4.28 10.46 6.46 7.84 -6.02 7.72 -1.11 -1.55 -3.45 -2.21 -11.69 -5.22
Tax % 36.35% 33.88% 35.37% 37.00% 32.27% -37.87% 28.76% -88.29% -50.32% -66.67% -12.67% -33.11% -44.83%
5.21 2.83 6.76 4.07 5.31 -3.74 5.50 -0.12 -0.76 -1.15 -1.92 -7.82 -2.87
EPS in Rs 8.24 4.48 10.70 6.46 8.48 -5.79 8.81 -0.06 -1.23 -1.85 -3.09 -12.39 -4.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
503 531 586 644 639 559 793 1,040 975 1,004
479 511 559 614 620 508 745 1,019 969 1,001
Operating Profit 24 20 27 30 19 51 49 21 7 3
OPM % 5% 4% 5% 5% 3% 9% 6% 2% 1% 0%
1 7 5 26 4 3 5 14 6 7
Interest 11 11 12 12 17 14 11 12 15 16
Depreciation 8 9 8 10 11 12 13 15 16 17
Profit before tax 6 7 11 33 -5 28 29 8 -19 -23
Tax % 29% 23% 34% 24% -56% 42% 36% 18% -38%
4 5 7 25 -2 17 19 7 -12 -14
EPS in Rs 210.50 258.50 11.78 39.87 -3.70 26.14 29.86 11.42 -18.56 -21.90
Dividend Payout % 23% 23% 16% 5% 0% 4% 3% 9% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 20%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1423%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: 0%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 3%
Last Year: -10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 3 3 3 3 3 3 3
Reserves 53 59 61 77 74 91 107 113 100
99 106 124 150 140 140 113 128 171
89 73 76 99 128 123 175 180 263
Total Liabilities 241 238 264 329 346 357 399 423 538
133 133 156 206 202 210 243 248 298
CWIP 2 3 4 4 10 9 3 22 11
Investments 0 8 9 0 3 5 6 11 15
106 95 96 119 131 133 147 143 214
Total Assets 241 238 264 329 346 357 399 423 538

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 20 29 23 43 35 73 22 40
-22 -10 -34 -35 -23 -21 -34 -29 -60
1 -9 4 12 -21 -14 -39 6 20
Net Cash Flow -0 0 -0 -0 -0 0 -0 -0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 25 24 26 31 33 28 20 25
Inventory Days 56 46 45 50 48 67 53 36 66
Days Payable 71 48 37 51 82 91 89 61 111
Cash Conversion Cycle 12 23 32 25 -4 9 -7 -5 -20
Working Capital Days 9 10 8 9 -5 13 -4 -4 -16
ROCE % 11% 13% 12% 4% 19% 18% 5% -1%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.98% 74.98% 74.98% 74.98% 74.97% 74.97% 74.99% 74.99% 74.99% 74.99% 74.97% 74.97%
0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00%
0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.02%
25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.00% 25.00% 25.00% 25.01% 25.00% 25.01%
No. of Shareholders 3,7343,7923,6723,6223,6513,6493,6683,6543,5853,5803,4883,460

* 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.

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