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Sanstar Limited (SANSTAR) · mywealthgrid

Sanstar Limited

NSE:SANSTAR BSE:SANSTAR

Consumer StaplesAgricultural Food & other Products

₹103.0

-1.85%1 Oct close

Mkt cap

₹2,063 Cr

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About

Sanstar Limited manufactures and sells agricultural food and other products in the Consumer Staples sector. With a market capitalization of ₹2,233 crore and recent quarterly revenues around ₹200 crore, the company operates at a modest scale. The market prices the stock at PE 64.81 despite ROE of just 5.09%, suggesting investors anticipate significant margin or earnings improvement.

Face value: ₹2

Market cap

₹2,063 Cr

P/E

46.9×

P/B

2.7×

Dividend yield

ROE

5.1%

ROCE

5.5%

Debt / equity

0.03

OPM

4.8%

EPS (TTM)

₹2.4

Book value

₹38.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin volatility: OPM has ranged from -1.03% (Jun 2025) to 9.48% (Dec 2024) over eight quarters. Verify root causes of profitability swings and whether recent elevated OPM levels are sustainable.
Significant revenue decline: June 2024 revenue of ₹290.88 Cr fell to ₹168.85 Cr by June 2025 (42% YoY drop). Verify whether this reflects demand pressure, product mix shifts, or temporary disruption.
Valuation-to-return disconnect: PE of 64.81 combined with ROE of 5.09% reflects market pricing in near-term operational improvement. Verify sustainability of margin recovery and timeline to materially higher returns.
Minimal institutional participation: FII holdings at 0.29% and DII at 0.27% suggest limited analyst coverage and research depth. Verify corporate governance standards and disclosure quality.

Generated analysis · source review pending

Growth drivers

Operating margin recovery: Mar 2026 OPM of 8.93% vs Sep 2025's 0.69% demonstrates operational improvement; sustaining this would drive profitability growth.
Revenue stabilization: Dec 2025 (₹201.76 Cr) and Mar 2026 (₹216.78 Cr) show recovery from Jun 2025 trough (₹168.85 Cr). Verify demand drivers supporting continued growth.
Low leverage (D/E 0.03) provides capacity to invest in operations to improve capital efficiency from current 5.09% ROE.

Generated analysis · source review pending

538 historical price candles were omitted because the exchange source has not been verified.

₹103.0-2.7%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 29.1×
+High promoter holding of 64.2% with no pledge

Cons

−Thin operating margin of 4.8%
−Promoter holding fell 6.2 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

54/100

Business quality: 40
Growth: 90
Valuation

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lt Foods LimitedLTFOODSLTFOODS	₹13,862 Cr	₹14,836 Cr	₹11,633 Cr	₹1,247 Cr	10.6%	₹640 Cr	5.7%	20.1%	14.9%	176
Krbl LimitedKRBLKRBL	₹8,604 Cr	₹8,774 Cr	₹6,009 Cr	₹992 Cr	14.8%	₹758 Cr	10.6%	15.5%	11.7%	323
Gujarat Ambuja Exports LimitedGAELGAEL	₹7,233 Cr	₹7,667 Cr	₹6,032 Cr	₹602 Cr	8.1%	₹416 Cr	5.3%	13.2%	9.7%	84
Trualt Bioenergy LimitedTRUALTTRUALT	₹3,812 Cr	₹5,458 Cr	₹2,051 Cr	₹381 Cr	16.8%	₹149 Cr	5.6%	10.8%	6.3%	170
Kaveri Seed Company LimitedKSCLKSCL	₹3,676 Cr	₹3,676 Cr	₹1,279 Cr	₹292 Cr	24.2%	₹250 Cr	21.2%	18.2%	18.2%	396
Amir Chand Jagdish Kumar (Exports) LimitedAEROPLANEAEROPLANE	₹2,156 Cr	₹2,914 Cr	₹2,287 Cr	₹225 Cr	9.9%	₹103 Cr	4.5%	24.1%	11.2%	253
Sanstar LimitedSANSTARSANSTAR	₹2,063 Cr	₹2,083 Cr	₹821 Cr	₹54 Cr	4.8%	₹44 Cr	4.4%	5.5%	5.1%	53
Grm Overseas LimitedGRMOVERGRMOVER	₹1,613 Cr	₹1,979 Cr	₹1,869 Cr	₹102 Cr	5.1%	₹77 Cr	4.2%	23.7%	14.5%	212
Chaman Lal Setia Exports LimitedCLSELCLSEL	₹1,401 Cr	₹1,484 Cr	₹1,478 Cr	₹171 Cr	10.9%	₹125 Cr	8%	19%	14.6%	197
Avt Natural Products LimitedAVTNPLAVTNPL	₹1,338 Cr	₹1,452 Cr	₹822 Cr	₹114 Cr	12.6%	₹84 Cr	9.1%	16.9%	12.2%	327
Gulshan Polyols LimitedGULPOLYGULPOLY	₹1,009 Cr	₹1,401 Cr	₹2,260 Cr	₹134 Cr	4.7%	₹43 Cr	1.2%	7.5%	4.1%	49
Regaal Resources LimitedREGAALREGAAL	₹883 Cr	₹1,493 Cr	₹1,090 Cr	₹133 Cr	11.2%	₹60 Cr	4.9%	15%	15.2%	50

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	1,110	953	785
COGS	-7	709	548
Gross profit	—	244	236
	—	188	199
	—	56	38
OPM %	—	5.9%	4.8%
Depreciation	12	11	10
Interest	11	8	1
	14	18	12
Profit before tax	90	55	38
Tax	23	11	4
Tax %	25.6%	20.4%	10.4%
	67	44	34
PAT margin %	6%	4.6%	4.4%
EPS (₹)	4.8	5.2	1.9
EPS adjusted (₹)	4.8	2.4	1.9
Annual report	—	Annual report for Mar 2025	—

₹ Cr	Mar 2024	Mar 2025	Mar 2026
Equity capital	28	36	36
Reserves	226	623	657
	128	27	20
	146	71	89
Total equity & liabilities	528	758	803
	202	192	424
CWIP	20	88	11
Investments	0	0	0
	305	478	367
Total assets	528	758	803

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	30	39	90
	-38	-175	-179
	5	253	-9
Net cash flow	-3	118	-97
Free cash flow	—	-54	-56
CFO / Operating profit %	—	69.2%	238.7%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: -18%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: -21%

Return on equity

7 years: —
5 years: —
3 years: 13%
Last year: 5%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	25.6%	30.1%
EBITDA margin %	—	5.9%	4.8%
EBIT margin %	—	4.7%	3.6%
PAT margin %	6%	4.6%	4.4%
Working capital
Receivable days	39	39	44
Inventory days	—	29	28
Payable days	—	9	19
NWC days	—	59	53
Leverage
Current ratio	1.44	8.99	5.5
Debt to EBITDA	—	0.48	0.53
Debt to equity	0.5	0.04	0.03
Interest coverage	0.2	8.3	29.1
Asset turnover	2.1	1.26	0.98
Return ratios
Return on assets %	12.7%	5.8%	4.3%
Return on capital employed %	0.7%	12.2%	5.5%
Return on equity %	26.3%	6.6%	5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.37%	70.37%	70.37%	70.37%	70.38%	70.38%	70.38%	70.53%	64.18%
	3.29%	2.06%	0.83%	0.71%	0.22%	0.15%	0.01%	0.02%	0.29%
	11.45%	4.25%	4.16%	4.04%	2.85%	0.86%	0.01%	0.3%	0.27%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%
	14.89%	23.32%	24.64%	24.88%	26.55%	28.61%	29.6%	29.15%	35.26%
No. of shareholders	—	—	—	—	—	95,049	87,807	82,066	73,384

Promoter holding down 6.19 percentage points since Jun 2024.

36 deals · 26 Jul 2024 – 6 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Apr 2026	SAHAJ SECURITIES LLP	Bulk	NSE	Buy	10,00,000	₹77.30	₹7.73 Cr
6 Apr 2026	ATMAN INVESTMENTS PRIVATE LIMITED	Bulk	NSE	Sell	10,00,000	₹77.30	₹7.73 Cr
12 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	9,28,785	₹155.05	₹14.40 Cr
12 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	9,28,785	₹155.17	₹14.41 Cr
11 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	12,37,768	₹148.61	₹18.39 Cr
11 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	12,37,768	₹148.52	₹18.38 Cr
21 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	12,59,923	₹138.12	₹17.40 Cr
21 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	12,59,923	₹138.26	₹17.42 Cr
20 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	11,58,889	₹128.51	₹14.89 Cr
20 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	11,58,889	₹128.55	₹14.90 Cr

1–10 of 36

1 / 4

Mr. GOUTHAMCHAND SOHANLAL CHOWDHARYExecutive Director-Chairperson related to Promoter-MD
Mr. SAMBHAV GAUTAM CHOWDHARYExecutive Director-MD
Mr. SHREYANS GAUTAM CHOWDHARYExecutive Director-MD
Mr. ANIKET SUNIL TALATINon-Executive - Independent Director-Employee Director
Mr. ATUL AGARWALNon-Executive - Independent Director-Employee Director
Mrs. SEJAL RONAK AGRAWALNon-Executive - Independent Director-Employee Director
Mr. Jacques Georges Florent GuglielmiNon-Executive - Nominee Director
Mr. NIRAJ YOGESHBHAI SHAHNon-Executive - Independent Director-Employee Director
Mr. JACQUES GEORGES FLORENT GUGLIELMINon-Executive - Nominee Director
Mr. Niraj Yogeshbhai ShahNon - Executive Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Sanstar Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

2 Sept 2026, 4:02 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 7:47 pmCompany Update

Dispatch Of Letters To Shareholders Pursuant To Regulation 36(1)(B) Of SEBI (LODR) Regulations, 2015

General PDF

31 Aug 2026, 7:40 pmCorp. Action

Book Closure For 44Th Annual General Meeting Of The Company

Book Closure PDF

31 Aug 2026, 7:31 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

31 Aug 2026, 7:24 pmAGM/EGM

Notice Of 44Th Annual General Meeting Of The Company

AGM PDF

18 Aug 2026, 7:11 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

18 Aug 2026, 7:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

15 Aug 2026, 6:12 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
2 Sept 2026, 4:02 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
31 Aug 2026, 7:47 pm	Company Update General	Dispatch Of Letters To Shareholders Pursuant To Regulation 36(1)(B) Of SEBI (LODR) Regulations, 2015

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Sanstar Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Board meetings1

No fund holdings on record

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1