Sanstar Limited (SANSTAR)

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Sanstar Limited (SANSTAR) · mywealthgrid

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.

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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

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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.

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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

Annual reports

Annual Report FY2025from bse Summary

Credit ratings

Pursuant to Regulation 30(6) read with schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 please note that the CARE Ratings Limited has reaffirmed ....2 Apr 2026 from CARE

Documents link to external sources (exchange filings, company investor pages).

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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

54 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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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%

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

₹ 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%

Sanstar Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Sanstar Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Profit & loss

Balance sheet

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

Annual reports

Credit ratings

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Announcements

Annual reports

Credit ratings

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1