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Sayaji Industries

SAYAJIIND NSE
₹107.80 unchanged 0.00 (0.00%)
P/E
21.91
View as Markdown
MCP
Close 4 Nov 2026 ₹107.80 +30.94 +40.3% 1Y
Start ₹76.86

Key Fundamentals

MicrocapConsumer GoodsFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
8.18%
Debt to Equity
2.44
EPS (TTM)
₹4.92
Book Value
₹40.72
Market Cap
—
P/E (TTM)
21.91
P/B
2.65
ROE
1.49%
Dividend Yield
0.93%
EBITDA
₹42.20 Cr
52W High
₹146.79
52W Low
₹65.05
Day Range
₹99.05 – ₹107.80
Volume
52

Peer Comparison

Fast Moving Consumer Goods › FMCG › Agricultural Products › Other Agricultural Products

Sayaji Industries peer comparison
LT Foods
₹410.1022.24₹14,281 Cr2.910.73%14.70%17.60%₹11,633 Cr₹640 Cr
KRBL
₹408.6512.33₹9,318 Cr1.501.12%11.70%15.20%₹6,009 Cr₹758 Cr
Gujarat Ambuja Exports
₹152.0916.77₹6,847 Cr1.940.20%9.72%12.50%₹6,032 Cr₹416 Cr
Kaveri Seed Company
₹680.2514.02₹3,469 Cr1.730.75%15.00%15.80%₹1,279 Cr₹249 Cr
Trualt Bioenergy
₹369.4520.27₹3,167 Cr1.960.00%8.38%10.40%₹2,050 Cr₹159 Cr
Amir Chand Jagdish Kumar (Exports)
₹222.5715.79₹2,241 Cr2.330.00%15.80%15.70%₹2,627 Cr₹132 Cr
GRM Overseas
₹92.9823.84₹1,926 Cr3.210.48%14.20%14.00%₹1,869 Cr₹77 Cr
Sayaji Industries (this company)
₹107.8021.91₹273 Cr2.650.93%1.49%8.18%₹1,088 Cr₹13 Cr
Median 8 companies₹296.0118.52₹3,318 Cr2.150.61%12.95%14.60%₹2,338 Cr₹204 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

53 Average

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
52
Average
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
20
Poor
Solvency, leverage, coverage 9% weight
Momentum
59
Good
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

3
  • Stock is trading at 3.16 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -16.5% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish955
OscillatorsNeutral252
Moving AveragesStrong Bearish703

Key readings

RSI (14)
44.83
Neutral
MACD (12,26,9)
−2.04
Bullish
SMA (50)
114.45
Bearish
SMA (200)
106.06
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+7.86%
5Y+13.91%
3Y+1.02%
1Y+6.77%
TTM+8.51%

Net profit

Net profit growth by window
10Y−6.70%
5Y−34.82%
3Y−34.14%
1YTurned to profit
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
10Y+6.63%
5Y+1.66%
3Y+19.98%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.13 pp
5Y−5.48 pp
3Y+1.62 pp
1Y+4.64 pp
TTM+5.84 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹531 Cr
Mar 2018₹586 Cr
Mar 2019₹644 Cr
Mar 2020₹639 Cr
Mar 2021₹559 Cr
Mar 2022₹793 Cr
Mar 2023₹1,040 Cr
Mar 2024₹975 Cr
Mar 2025₹1,004 Cr
Mar 2026₹1,072 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹5.00 Cr
Mar 2018₹7.00 Cr
Mar 2019₹25.00 Cr
Mar 2020−₹2.00 Cr
Mar 2021₹17.00 Cr
Mar 2022₹19.00 Cr
Mar 2023₹7.00 Cr
Mar 2024−₹12.00 Cr
Mar 2025−₹11.00 Cr
Mar 2026₹2.00 Cr

Quarterly Results

₹ Cr
540728 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
245
221
245
265
273
215
269
247
272
249
283
268
288
Expenses
241
218
241
270
272
233
262
249
269
252
268
245
270
Operating Profit
3.72
2.58
4.15
−5.09
1.57
−17.89
7.19
−2.12
3.45
−2.23
14.95
22.97
17.68
OPM %
1.52%
1.17%
1.69%
−1.92%
0.57%
−8.33%
2.67%
−0.86%
1.27%
−0.89%
5.28%
8.58%
6.14%
Other Income
1.84
1.66
1.71
1.97
2.12
31.37
1.03
2.03
2
1.24
1.42
3.2
3.42
Interest
3.28
3.74
3.9
4.03
4.26
4.46
5.06
5.44
5.7
6.38
6.53
6.29
6.38
Depreciation
3.83
3.95
4.17
4.54
4.65
4.75
4.96
5.05
4.88
5.14
5.25
5.32
5.36
PBT
−1.55
−3.45
−2.21
−11.69
−5.22
4.27
−1.8
−10.58
−5.13
−12.51
4.59
14.56
9.36
Tax %
−50.32%
−66.67%
−12.67%
−33.11%
−44.83%
85.48%
−36.67%
−27.13%
−30.21%
−26.22%
21.79%
25.07%
21.58%
Net Profit
−0.76
−1.15
−1.92
−7.82
−2.87
0.62
−1.14
−7.72
−3.57
−9.23
3.6
10.9
7.33
EPS (₹)
−0.31
−0.46
−0.77
−3.09
−1.14
0.23
−0.47
−3.06
−1.52
−3.67
1.37
4.44
2.78

Profit & Loss

₹ Cr
540728 profit and loss, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
503
531
586
644
639
559
793
1,040
975
1,004
1,072
1,088
Expenses
479
511
559
614
620
508
745
1,019
969
1,014
1,033
1,035
Operating Profit
24
20
27
30
19
51
49
21
7
−10
39
53
OPM %
4.8%
3.8%
4.7%
4.6%
2.9%
9%
6%
2%
0.7%
−1%
3.6%
4.9%
Other Income
1
7
5
26
4
3
5
14
6
35
8
9
Interest
11
11
12
12
17
14
11
12
15
19
25
26
Depreciation
8
9
8
10
11
12
13
15
16
19
21
21
PBT
6
7
11
33
−5
28
29
8
−19
−13
1
16
Tax %
29%
23%
34%
24%
−56%
42%
36%
18%
−38%
−17%
−21%
—
Net Profit
4
5
7
25
−2
17
19
7
−12
−11
2
13
EPS (₹)
70.17
86.17
2.94
9.96
−0.92
6.53
7.46
2.85
−4.64
−4.43
0.54
4.92
Div. Payout %
23%
23%
16%
5%
0%
4%
3%
9%
0%
0%
0%
—

Balance Sheet

₹ Cr
540728 balance sheet, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.79
0.79
3
3
3
3
3
3
3
3
13
Reserves
53
59
61
77
74
91
107
113
100
88
80
Borrowings
99
106
124
150
140
140
113
128
171
221
227
Other Liabilities
89
73
76
99
128
123
175
180
263
209
229
Total Liabilities
241
238
264
329
346
357
399
423
538
522
549
Fixed Assets
133
133
156
206
202
210
243
248
298
299
311
CWIP
2
3
4
4
10
9
3
22
11
22
6
Investments
0
8
9
0
3
5
6
11
15
19
23
Other Assets
106
95
96
119
131
133
147
143
214
181
209
Total Assets
241
238
264
329
346
357
399
423
538
522
549

Cash Flow

₹ Cr
540728 cash flow, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
20
20
29
23
43
35
73
22
40
−33
38
Investing
−22
−10
−34
−35
−23
−21
−34
−29
−60
4
−19
Financing
1
−9
4
12
−21
−14
−39
6
20
30
−20
Net Cash Flow
0
0
0
0
0
0
0
0
1
1
−1
Free Cash Flow
−1
8
−5
−38
23
15
38
−6
−20
−31
18
CFO/OP
90
103
114
95
233
75
159
117
583
328
99

Ratios

540728 financial ratios, annual
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
26
25
24
26
31
33
28
20
25
24
22
Inventory Days
56
46
45
50
48
67
53
36
66
46
49
Days Payable
71
48
37
51
82
91
89
61
111
71
84
Cash Conversion Cycle
12
23
32
25
−4
9
−7
−5
−20
−1
−14
Working Capital Days
−28
−33
−39
−35
−49
−45
−25
−27
−46
−56
−58
ROCE %
—
11%
13%
12%
4%
19%
18%
5%
−1%
−8%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Sayaji Industries insights

67 extracted metrics across FY08–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.95%
  • Public 18.33%
  • Others 6.71%
  • DIIs 0.01%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

  • Q1 FY27 concall · Aug 2026
    PPT
  • Concall · Jun 2026
    PPT
  • Q3 FY19 concall · Mar 2019
    PPT

Frequently Asked Questions about Sayaji Industries

What does Sayaji Industries Ltd do?
Sayaji Industries Ltd was incorporated in 1941 and manufactures maize starch, modified starches and derivatives. Its products are used in textile, paper & packaging, pharma, food & confectionery, cosmetics, soaps & detergents, seeds, paints, poultry and animal feed
Where is Sayaji Industries Ltd (SAYAJIIND) listed?
Sayaji Industries Ltd trades as SAYAJIIND on the NSE and under code 540728 on the BSE.
Which sector does Sayaji Industries Ltd belong to?
Sayaji Industries Ltd is classified under the FMCG sector, in the Agricultural Products industry.
What is the PE ratio of Sayaji Industries Ltd?
Sayaji Industries Ltd trades at a PE ratio of 21.91 as of 4 Nov 2026, on earnings per share of ₹4.92, against a book value of ₹40.72 per share.
What is the 52-week high and low of Sayaji Industries Ltd?
Over the last 52 weeks Sayaji Industries Ltd has traded between ₹65.05 and ₹146.79 as of 4 Nov 2026.
Does Sayaji Industries Ltd pay dividends?
Sayaji Industries Ltd has a dividend yield of 0.93%.
What is the Return on Equity (ROE) of Sayaji Industries Ltd?
Sayaji Industries Ltd reported a return on equity of 1.49%. Its debt-to-equity ratio is 2.44.

Company Information

Sayaji Industries Ltd was incorporated in 1941 and manufactures maize starch, modified starches and derivatives. Its products are used in textile, paper & packaging, pharma, food & confectionery, cosmetics, soaps & detergents, seeds, paints, poultry and animal feed

Website sayajigroup.in; www.maizeproducts.com
Listed 9 Oct 2017
Face Value ₹5

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