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 ₹ 2,033 Cr.
- Current Price ₹ 110
- High / Low ₹ 159 / 98.2
- Stock P/E 30.4
- 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.
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 | |
|---|---|---|---|---|---|
| 261 | 317 | 504 | 760 | 1,067 | |
| 243 | 280 | 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 | 17 | 22 | 54 | 90 |
| Tax % | 167% | 15% | 28% | 24% | 26% |
| -1 | 14 | 16 | 41 | 67 | |
| EPS in Rs | -0.24 | 4.77 | 5.40 | 13.81 | 4.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 50% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 69% |
| 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 | 24 | 29 | 20 | |
| Inventory Days | 25 | 24 | 12 | 8 | |
| Days Payable | 49 | 15 | 17 | 12 | |
| Cash Conversion Cycle | 20 | 32 | 24 | 15 | |
| Working Capital Days | 27 | 46 | 31 | 28 | |
| ROCE % | 17% | 18% | 33% |
Documents
Announcements
-
Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of Securities Exchange Board Of India (LODR) Regulations, 2015
1d - Board meeting scheduled to approve Q3 financial results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Confirmation certificate under SEBI regulations for Q4 2024.
-
Disclosure under Regulation 30A of LODR
4 Jan - NIL defaults on loan payments for Q4 2024.
- Closure of Trading Window 27 Dec 2024
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov 2024 - Newspaper Publication of Unaudited Financial Results of the company for the second quarter and half year ended 30th September, 2024
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]