Please find herewith Investor Presentation for Q4 and FY 2025-26 of the company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sayaji Industries, one of India's oldest maize starch companies (since 1941, 1,000 TPD capacity), reported a strong financial turnaround for FY26. Consolidated revenue grew 7% YoY to ₹1,072 Cr, while EBITDA jumped 85% to ₹47 Cr with margins expanding from 2.5% to 4.4%. The company returned to full-year profitability with a PAT of ₹1.5 Cr versus a loss of ₹11 Cr in FY25. Q4FY26 was particularly strong with EBITDA of ₹26 Cr (margin 8.9%, up ~939 bps YoY) and PAT of ₹11 Cr. The turnaround was driven by favourable maize prices (down ~20% from peak), stable realisations, and operational efficiencies. The company outlined a CAPEX roadmap of ~₹159 Cr including a ₹20 Cr technology modernisation project, new product launches, and JV-led expansion in speciality food ingredients (gum arabic with Alland & Robert, caramel colours with Nigay SAS).
Positive for shareholders — the return to full-year profitability, sharp margin expansion, and visibility on growth projects (CAPEX pipeline, JV expansion, speciality food ingredients) signal improving fundamentals. However, margins remain thin (4.4% FY26 EBITDA), Middle East export disruptions are a near-term concern, and significant CAPEX execution risk lies ahead.