MarketFriction

Sayaji Industries Ltd

NSE SAYAJIIND · BSE 540728 · Other Agricultural Products
₹119.50 -0.33%
NSE close2026-10-01
52 week range106.50 - 125.95
Market cap₹301 Cr.
P/E24.2
Price band 5% Delivery 59.6%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales220.57245.05265.13273.31214.78269.30246.56271.95249.31282.90267.59288.08
Expenses217.99240.90270.22271.74232.67262.11248.68268.50251.54267.95244.62270.40
Operating Profit2.584.15-5.091.57-17.897.19-2.123.45-2.2314.9522.9717.68
OPM %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 Income1.661.711.972.1231.371.032.032.001.241.423.203.42
Interest3.743.904.034.264.465.065.445.706.386.536.296.38
Depreciation3.954.174.544.654.754.965.054.885.145.255.325.36
Profit before tax-3.45-2.21-11.69-5.224.27-1.80-10.58-5.13-12.514.5914.569.36
Tax %-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-1.15-1.92-7.82-2.870.62-1.14-7.72-3.57-9.233.6010.907.33
EPS in Rs-0.46-0.77-3.09-1.140.23-0.47-3.06-1.52-3.671.374.442.78
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5035315866446395597931,0409751,0041,0721,088
Expenses4795115596146205087451,0199691,0141,0331,035
Operating Profit24202730195149217-103953
OPM %4.8%3.8%4.7%4.6%2.9%9%6%2.0%0.7%-1.0%3.6%4.9%
Other Income175264351463589
Interest111112121714111215192526
Depreciation898101112131516192121
Profit before tax671133-528298-19-13116
Tax %29%23%34%24%-56%42%36%18%-38%-17%-21%
Net Profit45725-217197-12-11213
EPS in Rs70.1786.172.949.96-0.926.537.462.85-4.64-4.430.544.92
Dividend Payout %23%23%16%5%0%4%3%9%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%14%1%9%
Compounded Profit Growth-10%-39%16%202%
Stock Price CAGR%15%33%67%
Return on Equity1%-6%-16%1%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.790.793333333313
Reserves5359617774911071131008880
Borrowings99106124150140140113128171221227
Other Liabilities89737699128123175180263209229
Total Liabilities241238264329346357399423538522549
Fixed Assets133133156206202210243248298299311
CWIP234410932211226
Investments089035611151923
Other Assets1069596119131133147143214181209
Total Assets241238264329346357399423538522549
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity202029234335732240-3338
Cash from Investing Activity-22-10-34-35-23-21-34-29-604-19
Cash from Financing Activity1-9412-21-14-3962030-20
Net Cash Flow-00-0-0-00-0-011-1
Free Cash Flow-18-5-38231538-6-20-3118
CFO/OP90%103%114%95%233%75%159%117%583%328%99%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2625242631332820252422
Inventory Days5646455048675336664649
Days Payable71483751829189611117184
Cash Conversion Cycle12233225-49-7-5-20-1-14
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.99%74.99%74.97%74.97%74.97%74.97%74.94%74.94%74.94%74.59%74.94%74.94%
FIIs0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DIIs0.01%0.01%0.01%0.02%0.02%0.02%0.02%0.02%0.02%0.01%0.01%0.01%
Public25.00%25.01%25.00%25.01%25.02%25.01%25.04%25.05%25.04%25.40%25.04%25.04%
No. of Shareholders3,5853,5803,4883,4603,4013,2873,2343,2263,3943,6873,5323,509

Fundamentals

Market Cap₹ 301 Cr.
Current Price₹ 119
Stock P/E24.2
Book Value₹ 36.7
ROCE8.18 %
ROE1.49 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)202%
Consolidated figures.
Valuation
Market capRs 302 Cr
Enterprise valueRs 527 Cr
P/E (TTM)24.28x
Price to book3.26x
Price to sales0.28x
EV / EBITDA8.41x
EV / EBIT12.67x
EV / sales0.48x
Price to cash flow8.02x
Earnings yield4.12%
P/E, 3-year average167.92x
P/B, 3-year average1.08x
P/E, 5-year average57.76x
P/B, 5-year average0.75x
Profitability
Operating margin (excl. other income)3.63%
Operating margin (incl. other income)4.36%
EBITDA margin5.76%
Pre-tax margin1.47%
Net profit margin1.14%
Net margin, latest quarter2.44%
ROE1.49%
ROCE8.27%
ROA0.26%
ROE, 3-year average-6.90%
ROCE, 3-year average2.92%
ROA, 3-year average-1.43%
ROE, 5-year average0.83%
ROCE, 5-year average7.05%
ROA, 5-year average0.49%
ROIC (approx.)15.85%
Tax rate-20.97%
Other income / net worth8.48%
Growth
Sales growth (latest year)6.75%
Sales CAGR, 3 years1.00%
Sales CAGR, 5 years13.91%
Profit CAGR, 3 years-42.54%
Profit CAGR, 5 years-39.22%
Sales growth QoQ7.66%
Profit growth QoQ-37.40%
Sales growth YoY (latest quarter)5.93%
Per share
EPS (TTM)Rs 4.92
EPS (latest year)Rs 0.54
EPS (latest quarter)Rs 2.78
EPS, 3-year averageRs -11.92
EPS, 5-year averageRs 1.11
Book value per shareRs 36.67
Sales per shareRs 430.33
Cash flow per shareRs 14.91
Free cash flow per shareRs 7.12
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 5-year average6.03%
Efficiency
Asset turnover1.95x
Fixed asset turnover3.44x
Inventory turnover9.00x
Inventory days41 days
Debtor days22 days
Debtors turnover16.96x
Creditor days84 days
Cash conversion cycle-14 days
Working capital days-58 days
Leverage
Total debtRs 227 Cr
Cash and bankRs 2 Cr
Net debtRs 225 Cr
Debt to equity2.45x
Net debt / EBITDA3.59x
Interest coverage1.63x
Owners' fund to total sources16.88%
Debt to assets41.34%
Cash flow
Cash from Operating Activity (latest year)Rs 38 Cr
Cash from Investing Activity (latest year)Rs -19 Cr
Cash from Financing Activity (latest year)Rs -20 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 18 Cr
FCFE (approx.: FCF + change in debt)Rs 24 Cr
Cash from ops / profit, 5 years28.00x
Sales to cash flow28.44x
Statement figures
Net sales (TTM)Rs 1,088 Cr
Net sales (latest year)Rs 1,072 Cr
Sales (latest quarter)Rs 288 Cr
Operating profit excl. other income (latest year)Rs 39 Cr
Operating profit (latest quarter)Rs 18 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 63 Cr
PBDT (TTM)Rs 37 Cr
Profit before tax (TTM)Rs 16 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 21 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 26 Cr
Cost of goods sold (latest year)Rs 889 Cr
Total expenditure (latest year)Rs 1,033 Cr
Total income (latest year)Rs 1,080 Cr
Share capitalRs 13 Cr
ReservesRs 80 Cr
Shareholders' fundsRs 93 Cr
Total assetsRs 549 Cr
Net blockRs 311 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 23 Cr
ReceivablesRs 63 Cr
InventoryRs 99 Cr
Other liabilitiesRs 229 Cr
Shares outstanding (crore)2.53
Ownership
Promoter holding74.94% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 24.3 is at the 82th percentile of its own 6.2-year range (median 15.0, low 2.3, high 225.3).
P/B 3.26 is at the 94th percentile (median 1.44).
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.
PeriodSAYAJIINDNifty 50Difference
1 week-2.0%-2.8% +0.7 pts
1 month+1.8%-6.8% +8.6 pts
3 years+139.0%+14.2% +124.8 pts
5 years+112.0%+27.9% +84.1 pts

Red flags

F-score 8 of 8
explainLow interest cover Interest cover 1.0x in 2026
lookProfit leans on other income Other income was 634% of pre-tax profit in 2026
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 ₹288 Cr +5.9% vs Jun 2025. Net profit ₹7 Cr +305.3%.
Against our estimate for Jun 2026: sales -0.8%, profit +12655.0% beat. Our estimate for Sep 2026: sales Rs 267 Cr, profit Rs 5 Cr (how).

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
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.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Sayaji Industries Ltd?

Sayaji Industries Ltd (SAYAJIIND) has a market capitalisation of Rs 301 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sayaji Industries Ltd?

Sayaji Industries Ltd trades at a P/E of 24.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sayaji Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Sayaji Industries Ltd sales was Rs 288 Cr (+5.9% vs Jun 2025) and net profit was Rs 7 Cr.

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

The 52-week high is Rs 125.95 and the 52-week low is Rs 106.50.

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