MarketFriction

Sanstar Ltd

NSE SANSTAR · BSE 544217 · Other Agricultural Products
₹103.00 -1.85%
NSE close2026-10-01
52 week range74.30 - 137.49
Market cap₹2,122 Cr.
P/E48.2
IPO 2024 · +8% since Price band 20% Delivery 49.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales248.84269.28255.61302.67205.58220.05226.92169.66196.43201.76216.78206.16
Expenses225.23241.95231.82275.25194.12201.26226.80170.59195.08183.87197.43190.78
Operating Profit23.6127.3323.7927.4211.4618.790.12-0.931.3517.8919.3515.38
OPM %9.49%10.15%9.31%9.06%5.57%8.54%0.05%-0.55%0.69%8.87%8.93%7.46%
Other Income4.986.492.800.963.606.365.313.142.482.933.232.77
Interest2.862.462.713.691.611.430.820.630.520.57-0.350.34
Depreciation4.432.193.033.173.392.262.632.352.392.402.495.26
Profit before tax21.3029.1720.8521.5210.0621.461.98-0.770.9217.8520.4412.55
Tax %30.52%25.03%22.49%23.33%25.25%33.55%-178.79%-55.84%31.52%23.42%-0.24%26.61%
Net Profit14.7921.8716.1616.507.5214.265.52-0.340.6313.6720.499.21
EPS in Rs5.011.561.151.170.410.780.30-0.020.030.751.120.46
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2613175047601,110953785821
Expenses2432804646881,012897747767
Operating Profit1937407198563854
OPM %7%12%8%9%9%6%4.8%7%
Other Income000114181211
Interest11129911811
Depreciation799912111013
Profit before tax117225490553852
Tax %167%15%28%24%26%20%10%
Net Profit-114164167443444
EPS in Rs-0.244.775.4013.814.752.401.892.36
Dividend Payout %0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%20%1%0%
Compounded Profit Growth%20%-5%63%
Stock Price CAGR%%%11%
Return on Equity%13%11%5%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital30303030283636
Reserves26405696226623657
Borrowings11210285811282720
Other Liabilities392637491467189
Total Liabilities207197207257528758803
Fixed Assets148140133160202192424
CWIP0131208811
Investments00000028
Other Assets58567195305478340
Total Assets207197207257528758803
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8303053303990
Cash from Investing Activity-3-2-4-34-38-175-178
Cash from Financing Activity-4-29-25-135253-9
Net Cash Flow1-105-3118-97
Free Cash Flow5292518-8-51-56
CFO/OP44%81%89%81%39%108%238%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days44242920393944
Inventory Days2524128502928
Days Payable4915171242919
Cash Conversion Cycle20322415475953
Working Capital Days-14211110297173
ROCE %17%18%33%34%12%6%
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.37%70.37%70.37%70.38%70.38%70.38%70.53%64.18%
FIIs2.06%0.83%0.71%0.22%0.14%0.01%0.01%0.29%
DIIs4.24%4.16%4.03%2.86%0.86%0.01%0.31%0.27%
Public23.31%24.63%24.87%26.56%28.62%29.60%29.14%35.24%
No. of Shareholders1,13,0371,05,7881,01,26098,82895,04987,80782,06673,384

Fundamentals

Market Cap₹ 2,122 Cr.
Current Price₹ 106
Stock P/E48.2
Book Value₹ 38.1
ROCE5.69 %
ROE5.09 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)63%
Standalone figures.
Valuation
Market capRs 2,064 Cr
Enterprise valueRs 2,139 Cr
P/E (TTM)46.90x
Price to book16.38x
Price to sales2.51x
EV / EBITDA32.71x
EV / EBIT40.47x
EV / sales2.60x
Price to cash flow39.29x
Earnings yield2.13%
Profitability
Operating margin (excl. other income)9.41%
Operating margin (incl. other income)9.56%
EBITDA margin7.96%
Pre-tax margin6.30%
Net profit margin5.36%
Net margin, latest quarter4.47%
ROE38.58%
ROCE33.47%
ROA17.56%
ROE, 3-year average27.22%
ROCE, 3-year average22.85%
ROA, 3-year average10.81%
ROIC (approx.)19.89%
Tax rate24.40%
Other income / net worth0.89%
Growth
Sales growth (latest year)50.69%
Profit growth (latest year)155.90%
Sales CAGR, 3 years42.73%
Sales growth QoQ-4.90%
Profit growth QoQ-55.05%
Sales growth YoY (latest quarter)21.51%
Per share
EPS (TTM)Rs 2.20
EPS (latest year)Rs 13.81
EPS (latest quarter)Rs 0.46
EPS, 3-year averageRs 7.99
Book value per shareRs 6.29
Sales per shareRs 40.98
Cash flow per shareRs 2.62
Free cash flow per shareRs -2.79
Efficiency
Asset turnover2.96x
Fixed asset turnover4.74x
Inventory turnover53.79x
Inventory days7 days
Debtor days20 days
Debtors turnover18.35x
Creditor days19 days
Cash conversion cycle53 days
Working capital days73 days
Leverage
Total debtRs 81 Cr
Cash and bankRs 6 Cr
Net debtRs 75 Cr
Debt to equity0.65x
Net debt / EBITDA1.15x
Interest coverage48.93x
Current ratio (filing 2026-03-31)5.50x
Quick ratio (filing 2026-03-31)4.84x
Trade payables (filing 2026-03-31)Rs 29 Cr
Owners' fund to total sources49.11%
Debt to assets31.68%
Cash flow
Cash from Operating Activity (latest year)Rs 53 Cr
Cash from Investing Activity (latest year)Rs -34 Cr
Cash from Financing Activity (latest year)Rs -13 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs -56 Cr
FCFE (approx.: FCF + change in debt)Rs -60 Cr
Cash from ops / profit, 5 years1.20x
Sales to cash flow14.46x
Statement figures
Net sales (TTM)Rs 821 Cr
Net sales (latest year)Rs 760 Cr
Sales (latest quarter)Rs 206 Cr
Operating profit excl. other income (latest year)Rs 71 Cr
Operating profit (latest quarter)Rs 15 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 65 Cr
PBDT (TTM)Rs 64 Cr
Profit before tax (TTM)Rs 52 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 44 Cr
Net profit (latest year)Rs 41 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 13 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 675 Cr
Total expenditure (latest year)Rs 688 Cr
Total income (latest year)Rs 761 Cr
Share capitalRs 30 Cr
ReservesRs 96 Cr
Shareholders' fundsRs 126 Cr
Total assetsRs 257 Cr
Net blockRs 160 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 41 Cr
InventoryRs 13 Cr
Other liabilitiesRs 49 Cr
Shares outstanding (crore)20.04
Ownership
Promoter holding64.18% (-6.20 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 46.9 is at the 18th percentile of its own 2.3-year range (median 70.7, low 32.1, high 194.1).
P/B 16.38 is the lowest in 2.3 years (median 22.35).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSANSTARNifty 50Difference
1 week-5.9%-2.8% -3.1 pts
1 month-4.1%-6.8% +2.7 pts
3 months-13.2%-7.6% -5.6 pts
6 months+35.9%+0.4% +35.5 pts
1 year+8.4%-9.9% +18.4 pts
2 years-25.8%-13.6% -12.2 pts

Red flags

F-score 8 of 8
lookAuditor change Auditor change 2026-09-25: Sanstar Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹206 Cr +21.5% vs Jun 2025. Net profit ₹9 Cr +2808.8%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-25Change in AuditorsChange in Auditors of the company.
2026-09-25AppointmentAppointment of Mr Jacques Georges Florent Guglielmi as Nominee Director of the Company w.e.f. September 23, 2026.
2026-09-25AppointmentRe-Appointment of Mr. Gouthamchand Sohanlal Chowdhary, Sambhav Gautam Chowdhary & Shreyans Gautam Chowdhary as Managing Directors of the company w.e.f...
2026-09-25AppointmentAppointment of Mr Niraj Yogeshbhai Shah as Non- Executive Independent Director of the company w.e.f. September 23, 2026.
2026-09-25Shareholder meetingVoting results.
2026-09-23Shareholder meetingProceedings of 44th Annual General Meeting held on September 23, 2026
2026-08-31General UpdatesDispatch of Letter to the Members whose e-mail addresses are not registered with the Company/Depository Participants.
2026-08-31General UpdatesBook Closure Dates for the purpose of Annual General Meeting
2026-08-31Shareholder meetingNotice of 44th Annual General Meeting to be held on September 23, 2026
2026-08-18Investor PresentationInvestor Presentation
2026-08-18Press ReleaseA press release dated August 18, 2026, titled "Press Release with respect to Standalone and Consolidated Financial Results for the First Quarter Ended...
2026-08-13Change in ManagementChange in Management
2026-08-13Monitoring Agency ReportMonitoring Agency Report for quarter ended on 30th June, 2026
2026-08-13Board meeting outcomeSanstar Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-12Press ReleaseA press release dated August 12, 2026, titled "Submission of Press Release on Commissioning of 3 MW Solar Power Plant at Kutch Facility".
2026-07-21Structural Digital DatabasePlease find herewith Intimation of SDD for the quarter ended 30th June, 2026
2026-07-09General UpdatesTrading Approval received from the BSE and NSE on 09th July, 2026
2026-07-02General UpdatesReceipt of Listing Approval from BSE Limited and National Stock Exchange of India Limited vide letter dated 02nd July, 2026
2026-06-29UpdatesIntimation Under Regulation 29(1) of SEBI (SAST) Regulations, 2011.
2026-06-25Volume querySignificant increase in volume has been observed in Sanstar Limited. The Exchange, in order to ensure that investors have latest relevant information ...
2026-06-24Volume querySignificant increase in volume has been observed in Sanstar Limited. The Exchange, in order to ensure that investors have latest relevant information ...
2026-06-24AppointmentAppointment of Niraj Yogeshbhai Shah (DIN: 06362791) as Additional Director (Non- Executive Independent Director ) of the company w.e.f. Jun 24, 2026...
2026-06-24AppointmentAppointment of Mr. Jacques Georges Florent Guglielmi (DIN: 10603100) as Additional (Non-Executive Nominee Director) of the company w.e.f. Jun 24, 202...
2026-06-24Board meeting outcomeOutcome of Board Meeting held on Jun 24, 2026.
2026-06-20Preferential issuePreferential issue
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Sanstar Ltd?

Sanstar Ltd (SANSTAR) has a market capitalisation of Rs 2,122 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sanstar Ltd?

Sanstar Ltd trades at a P/E of 48.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sanstar Ltd's latest quarterly results?

In the Jun 2026 quarter, Sanstar Ltd sales was Rs 206 Cr (+21.5% vs Jun 2025) and net profit was Rs 9 Cr.

What is the 52-week high and low of Sanstar Ltd?

The 52-week high is Rs 137.49 and the 52-week low is Rs 74.30.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03