Found a bug or want a feature? Verified reports earn free credits.
Log inSign up
Companies›Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products
NSE:SAYAJIIND

SAYAJI INDUSTRIES LTD.

Fast Moving Consumer Goods › Agricultural Food & other Products
₹107.89
at close · 27 Oct 2026
▲ 5.75 (+5.63%)

Latest filings

  1. Key managerial personnel contact details updated · Compliance
  2. Company Secretary and Compliance Officer resigns · Management Changes
  3. Q2 FY27 sales rise 6%, PAT turns positive, but margins ease sequentially · Investor Communications
All filings ↓
Ask Nexa about SAYAJI INDUSTRIES LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Processes maize into starch and related derivatives for sale to food and industrial customers in India. The agro processing-maize business contributes ~91% of revenue, with smaller operations in agri seeds and spray-dried food products. The company is one of India's oldest maize starch processors, in operation since 1941, and is expanding into speciality food ingredients through joint ventures — gum arabic with Alland & Robert and caramel colours with Nigay SAS. Raw materials, primarily maize, make up 73.2% of revenue, making maize prices the main swing factor on margins. In FY26, revenue rose 7% to ₹1,071.76 crore with an EBITDA margin of 3.94%, returning to a profit of ₹1.5 crore versus a loss of ₹11.1 crore in FY25. A new SAP S/4HANA system went live on June 1, 2026 to support an ongoing capex and modernisation programme.

Operating scale
Maize starch capacity
1,000 tonnes per day
Maize share of revenue
~91%FY26
Q4 FY26 EBITDA margin
8.9%Q4 FY26
CAPEX programme
₹159 crore
Years operating
Since 1941
Who pays it
Food and industrial buyers of starch, derivatives and speciality food ingredients (B2B); domestic and export markets
Biggest cost
Raw materials, primarily maize, at 73.2% of revenue
Kind of business
Cyclical commodity processor of maize into starch and derivatives
Where it sits
One of India's oldest maize starch companies (since 1941) with 1,000 TPD capacity, expanding into speciality food ingredients via joint ventures
Market Cap
₹273 Cr
P / E (TTM)
—
EV / EBITDA
11.7×
Div Yield
—
Growth
13.9%▲
Revenue 5y CAGR
PAT -38.1% · EBITDA -4.4%
Quality
7.7%·
ROCE (5y median)
ROE 1.6% (5y median) · margin 3.9%
Leverage
2.29·
Debt / Equity · high
Net debt ₹219 Cr
Revenue FY21→FY26
1.9×▲
Margin −2.8 pts
₹559 Cr → ₹1,072 Cr
Cash conversion
30.93×▲
Operating cash ÷ profit · 5 yrs
₹140 Cr on ₹5 Cr
Where it sits among 68 Other Agricultural Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#40/51
ROCE#54/67
ROE#33/51
Debt / Equity#45/51
EBITDA margin#25/45
Revenue growth#27/51
Profit growth#6/51

Scorecard

Measured from the filed financials, judged against its Other Agricultural Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 14% a year over 5 years
Over 5 years it reported ₹4.52 Cr of profit and ₹140 Cr of operating cash — 30.93×
Profit is converting into cash
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Profit shrinking over 5 years (−38% a year)
Returns on capital 7.7% (5-year median)
#54 of 67 in Other Agricultural Products on the latest reported figures · down from 24.6% in FY21
Carries more debt than its peers — 2.29× equity
higher than 88% of its 51 Other Agricultural Products peers
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

SAYAJIIND · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from SAYAJI INDUSTRIES LTD.'s filed financials and exchange disclosures

What does SAYAJI INDUSTRIES LTD. do?

SAYAJI INDUSTRIES LTD. is a Agricultural Food & other Products company listed on NSE and BSE, trading under the symbol SAYAJIIND.

Is SAYAJI INDUSTRIES LTD. profitable?

Yes. Over the trailing twelve months SAYAJI INDUSTRIES LTD. reported a net profit of ₹1.50 Cr on revenue of ₹1,072 Cr.

Does SAYAJI INDUSTRIES LTD. pay a dividend?

Not in the latest reported year — SAYAJI INDUSTRIES LTD.'s dividend payout for FY26 was nil.

Is SAYAJI INDUSTRIES LTD. debt-free?

No. It reported borrowings of ₹220 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹219 Cr after cash. Debt stands at 2.29× equity. That is higher than 88% of its 51 Other Agricultural Products peers.

Where can I track SAYAJI INDUSTRIES LTD.'s announcements?

Every NSE and BSE filing by SAYAJI INDUSTRIES LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.