Sanstar Ltd

Sanstar Ltd

₹ 111 -0.48%
22 Nov - close price
About

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.

Key Points

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]

  • Market Cap 2,023 Cr.
  • Current Price 111
  • High / Low 159 / 105
  • Stock P/E 30.3
  • Book Value 37.0
  • Dividend Yield 0.00 %
  • ROCE 48.5 %
  • ROE 53.0 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%
  • Company's working capital requirements have reduced from 26.3 days to 19.8 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Part of BSE IPO

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Jun 2024 Sep 2024
304.36 248.84 290.88 195.33
281.34 225.23 263.45 183.88
Operating Profit 23.02 23.61 27.43 11.45
OPM % 7.56% 9.49% 9.43% 5.86%
0.53 4.98 0.96 3.61
Interest 2.70 2.86 3.69 1.61
Depreciation 2.44 4.43 3.17 3.39
Profit before tax 18.41 21.30 21.53 10.06
Tax % 23.36% 30.52% 23.32% 25.15%
14.11 14.79 16.51 7.51
EPS in Rs 4.78 5.01 1.18 0.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
261 310 504 760 1,067
243 273 464 688 969
Operating Profit 19 37 40 71 98
OPM % 7% 12% 8% 9% 9%
0 0 0 1 14
Interest 11 12 9 9 11
Depreciation 7 9 9 9 12
Profit before tax 1 16 22 54 90
Tax % 167% 15% 28% 24% 26%
-1 14 16 41 67
EPS in Rs -0.24 4.72 5.40 13.81 4.75
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 51%
TTM: 40%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 70%
TTM: 64%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 40%
Last Year: 53%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2024
Equity Capital 30 30 30 30 36
Reserves 26 40 56 96 638
112 102 85 81 67
39 26 37 49 73
Total Liabilities 207 197 207 257 815
148 140 133 160 196
CWIP 0 1 3 1 43
Investments 0 0 0 0 0
58 56 71 95 577
Total Assets 207 197 207 257 815

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 30 30 53 28
-3 -2 -4 -34 -37
-4 -29 -25 -13 5
Net Cash Flow 1 -1 0 5 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 25 29 20
Inventory Days 25 24 12 8
Days Payable 49 16 17 12
Cash Conversion Cycle 20 33 24 15
Working Capital Days 27 47 31 28
ROCE % 17% 18% 33%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2024
70.37%
2.06%
4.24%
23.31%
No. of Shareholders 1,13,037

* 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.

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