India's #2 maize-based specialty starch maker, 2,350 TPD capacity across Dhule and Kutch plants.
Price
Market Cap
Sector
Fast Moving Consumer Goods
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 30 | 30 | 30 | 28 | 28 | 36 | 36 | 36 |
| Reserves | 26 | 40 | 56 | 159 | 226 | 623 | 623 | 657 |
| Borrowings | 112 | 102 | 85 | 112 | 128 | 27 | 22 | 20 |
| Other Liabilities | 39 | 26 | 37 | 70 | 146 | 71 | 79 | 89 |
| Total Liabilities | 207 | 197 | 207 | 368 | 528 | 758 | 761 | 803 |
| AssetsFixed Assets | 148 | 140 | 133 | 196 | 202 | 192 | 188 | 424 |
| CWIP | 0 | 1 | 3 | 1 | 20 | 88 | 185 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 28 |
| Other Assets | 58 | 56 | 71 | 172 | 305 | 478 | 360 | 340 |
| Total Assets | 207 | 197 | 207 | 368 | 528 | 758 | 761 | 803 |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 8 | 30 | 30 | -6 | 29 | 39 | 90 |
| Cash from Investing | -3 | -2 | -4 | -71 | -37 | -175 | -178 |
| Cash from Financing | -4 | -29 | -25 | 83 | 5 | 253 | -9 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 5 | 29 | 28 | -78 | -12 | -51 | -56 |
| FCF Margin | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
SANSTAR · CYCLICAL_UNMODELABLE
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