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Sanstar (SANSTAR) had a P/E of 39.2× on 6 Nov 2026, above the industry P/E of 18.2×, and the shares are 32% below their 52-week high. It earns ROCE of 5.3% and ROE of 5.1%, and sales and net profit fell 14% and 6.2% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹1,883 Cr, ranked 17th of 76 Chemicals companies by market cap; the shares rose 1.6% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹92.80
Day high
₹94.77
Day low
₹91.17
Prev. close
₹96.58
Volume
1.1 L

Health check

1 good · 1 fair · 4 to check
  • ReturnsAhead

    +1.6% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 39.2 vs industry 18.2.

  • GrowthShrinking

    Sales −13.8%, profit −6.2% a year over 3 years.

  • ProfitabilityWeak

    ROCE 5.3% vs peer median 10.6%.

  • Balance sheetFair

    Practically debt-free, Piotroski 4 of 9.

  • Red flags4 to check

    Return on equity is low at 5.1%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Chemicals

75 listed peers. Screen the industry

Small cap

₹1,883 Cr, #17 of 76 in its industry by size.

Moves with the market

Beta 1.18 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹821 Cr · profit ₹44 Cr
Market cap
₹1,883 Cr
Small cap
P/E
39.2
Industry 18.2
Price to book
2.47
Peers 2.62
Dividend yield
0.00%
ROE
5.1%
Peers 11.7%
ROCE
5.3%
Peers 10.6%
Debt to equity
0.03
Debt ₹20 Cr
EPS (TTM)
₹2.40
Face value ₹2
OPM (TTM)
6.6%
Net margin 5.4%
Sales growth
+21.5%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
2.29
EV/EBITDA 31.4

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly sales up 21.5% on a year ago.

Risks to check

  • Return on equity is low at 5.1%.
  • P/E of 39.2 against an industry P/E of 18.2.
  • 32% below its 52-week high.
  • Promoter stake down from 70.4% to 64.2%.

Derived automatically from reported figures. Not a recommendation.

About Sanstar

Sanstar Limited manufactures and sells plant-based specialty products and ingredient solutions in India and internationally. The company offers liquid glucose products, dried glucose solids, maltodextrin powders, dextrose monohydrates, native starches, modified starches, and co-products, such as germs, gluten, fiber, and enriched protein products, and others. It also provides native maize starch, adhesives, high maltose corn syrup, corn gluten meal,…

Headquarters
Ahmedabad
Employees
203
Sector
Basic Materials
ISIN
INE08NE01025
Website
sanstar.in

Price range

52 weeks

₹74.30₹137.49

Today

₹91.17₹94.77
Avg volume (3M)
1.8 L
1-year return
plus 1.6%
From 52-week high
minus 31.6%

Peers · Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
NAVINFLUORNavin Fluorine International9,010.00plus 1.87%46,25050.842.718.7%34.3%0.2816.5%plus 46.1%
DEEPAKNTRDeepak Nitrite1,533.60minus 0.67%20,91719.722.310.8%18.0%0.27−0.5%minus 11.9%
TATACHEMTata Chemicals607.45minus 1.36%15,475–12.4−3.0%12.2%0.36−4.8%minus 31.0%
DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp.1,155.30minus 0.69%14,59914.811.511.2%17.6%0.762.6%minus 22.7%
RPELRaghav Productivity Enhancers1,780.80plus 0.95%8,178116.0107.1–29.9%0.0223.5%plus 95.4%
GNFCGujarat Narmada Valley Fertilizers and Chemicals451.80minus 1.87%6,6396.35.410.4%14.8%0.01−8.8%minus 7.2%
ACIArchean Chemical Industries416.40minus 1.95%5,14151.323.27.7%20.0%0.28−9.2%minus 34.6%
SANSTARSanstar94.04minus 2.63%1,88339.250.55.3%6.6%0.03−13.8%plus 1.6%
Median of 7 peers–−0.69%14,59935.222.310.6%18.0%0.28−0.5%−11.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
170196202217206
171195184197191
−0.91.417.919.415.4
−0.5%0.7%8.9%8.9%7.5%
3.22.52.93.92.8
0.60.50.60.40.3
2.42.42.42.55.3
−0.80.917.920.412.6
56.6%31.5%23.4%−0.2%26.6%
−0.30.613.720.59.2
-0.020.030.751.120.50

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−13.8%
Profit CAGR 3Y
−6.2%
EPS CAGR 3Y
−6.3%
ROE
5.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,2051,079942772
–minus 10.5%minus 12.7%minus 18.0%
1,133981885736
72.498.156.236.3
6.0%9.1%6.0%4.7%
2.98.617.612.6
8.79.57.10.8
11.912.111.59.6
0.64.6−0.2−0.1
55.489.75538.4
24.5%25.6%20.4%10.4%
41.866.843.834.5
–+59.7%minus 34.4%minus 21.3%
2.293.662.581.89

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
28.128.136.536.5
159226623657
11212827.119.9
69.514671.389.2
368528758803
197223305444
0.920.511419.1
0.20.200.3
6.63.612167.4
164281217273
368528758803

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−629.738.789.9
−71.4−38−175−179
835.2253−8.5
5.6−3.1118−97.1
−74.7−41.3−92.3−146
−80.7−11.6−53.6−56.3

Shareholding pattern

Source: NSE filings
64.2%
promoters
  • Promoters64.18%
  • Public35.82%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202664.18%35.82%0.00
30 Jun 202664.18%35.82%0.00
24 Jun 202664.18%35.82%minus 6.35
31 Mar 202670.53%29.47%plus 0.15
31 Dec 202570.38%29.62%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you