Annual reportSep 2026
Sep 2026 · Dispatch Of Letters To Shareholders Pursuant To Regulation 36(1)(B) Of SEBI (LODR) Regulations, 2015 31 Aug - Sanstar Ltd dispatched FY2025-26 annual report; 44th AGM on September 23, 2026 via VC/OAVM.
Source: Bse
Sanstar Limited (SANSTAR)
Small CapConsumer stocks · Small cap · NSE
Sanstar Limited operates in Starch & Sweeteners, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 05:57 pm ISTDetails
Quote21 Oct, 05:57 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 07:33 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage10/14 · 71%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
32BearishSMA20 -6.6% / mo · RSI oversold · MACD − · sector -4.6pp vs Nifty 500 (3M)
Stock trend: 33
Sector RS: 31
Sector 3M: -10.2% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SANSTARD candles · FIT view+4.0%Latest close ₹91.86 on 2026-10-21
Bar
-6.2%
RSI
29
MACD hist
-0.84
52W pos
28%
2026-10-21O ₹97.95H ₹98.84L ₹91.00C ₹91.86Vol 2.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SANSTARNifty Consumer DurablesNifty 500
- SANSTAR
- -14.8%
- Nifty 500
- -6.5%
- Nifty Consumer Durables
- -11.0%
- Vs Nifty 500
- -8.3 pp
Chart stats
21 Oct 2026- From 52W high
- -33.2%
- 52W range position
- 28%
- ATR (14)
- 4.6%
- Volume vs 20D
- 1.62x
- Avg traded value
- ₹1.4 Cr
- 20D price channel
- ₹91 - ₹114.9
₹137.5
₹74.3 - ₹137.5
₹4.2
Latest completed session
20-session average
39.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED27
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -32.3% · PAT -34.7% YoY
Technical
Bearish32
Price trend and sector-relative-strength timing.
Valuation
Legacy model-46.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence56
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -32% YoY · PAT -35% YoY · margin expansion
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹206.2 Cr | -32.3% | -4.9% |
| EBITDA | ₹15.4 Cr | +1753.8% | -20.5% |
| Operating margin | 7.5% | +801 bps | -147 bps |
| PAT | ₹9.2 Cr | -34.7% | -55.0% |
| PAT margin | 4.5% | +466 bps | -498 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 47.70
- P/B
- —
- EV/EBITDA
- 46.38
- Market Cap
- 2098.00Cr
Profitability
- ROE
- —
- ROCE
- —
- ROA
- 6.44%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 15.92%
- EPS 5Y
- 28.56%
- Revenue 3Y
- -13.00%
- EPS 3Y
- -6.00%
Balance Sheet
- Debt/Equity
- 0.50
- Interest Coverage
- 38.00×
- Altman Z
- 7.09
- Book Value
- —
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- 29.00 Cr
- EPS TTM
- 1.89
Shareholding
- Promoter Hold
- 64.18%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 48%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 206-4.9% vs prev
Net Profit
₹ CrLatest: 9.2-55.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 29.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~7.1% over last month) — short-term momentum negative.
- RSI(14) at 29 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 33% off 52W high · 24% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
59
RS percentile
Stage 1 Base / Transition
1M return
-18.2%
3M return
-14.8%
6M return
+2.1%
1Y return
-4.9%
RS 1D
-6
RS 20D
-12
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 12.3% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +2.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 100.46-5.34%
RS vs Nifty 500100
Valuation & peers
U-Score 27 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 27 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth15/25
Quality0/20
Balance Sheet8/15
Cash Flow1/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
27
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
27/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 15/25 to the score.
- Balance sheet contributes 8/15 to the score.
- Cash flow contributes 1/10 to the score.
Main drags
- Fair-value margin of safety is negative at -46.0%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
47.7
PB
—
EV/EBITDA
46.4
ROE
—
ROCE
—
FCF Yield
—
Debt/Equity
0.5
MoS
-46.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
27
Previous: 27
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-46.0%
Previous: -55.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
27
27
27
27
27
27
27
27
27
27
27
27
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
33.3
Growth-justified Value
₹62.94
-46.0% MoS
PEG
1.67
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
TASTYBITE
Small
Tasty Bite Eatables Limited
FMCG
match 134
29
66.3
10.9%
-940%
OVERVALUED
DIAMONDYD
Small
Prataap Snacks Limited
FMCG
match 133
22
200.0
1.6%
-6234%
OVERVALUED
SUNDROP
Small
Sundrop Brands Limited
FMCG
match 132
24
101.0
1.3%
-1944%
OVERVALUED
GOPAL
Small
Gopal Snacks Limited
FMCG
match 131
27
57.6
4.7%
-30%
OVERVALUED
ADFFOODS
Small
ADF Foods Limited
FMCG
match 129
49
32.0
17.7%
+5%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Sanstar Limited operates in Starch & Sweeteners, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
56Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 18th percentile of the scored universe and 20th percentile within Consumer. Main check: results consistency is weak at 15/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
13 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
18th percentile
overall median 67 · Consumer: 20th pctile, median 66 · Small: 20th pctile, median 66
Evidence depth
Financial-only
13 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
68
acceptable · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
15
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 64.2%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Promoter holding fell 6.2%.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Only 1 years of positive FCF.
- ▸0/4 latest quarters had positive YoY revenue growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Sanstar Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 13 Aug - Q1 FY27 profit Rs 9.21 crore; Rs 198.27 crore preferential issue; AGM on 23 Sep 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 25 Sep - Shareholders approved reappointment of MD, two JMDs, and regularized nominee and independent directors at 44th AGM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep - Please find Newspaper Publication for the Notice of 44th Annual General Meeting
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 18 Aug - Sanstar Q1 FY27 revenue Rs 2,062 million; Dhule capacity rose to 2,350 TPD; Ingredion acquired 9% stake.
Source: Bse
Investor presentationJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Investor Presentation 18 Aug - Investor Presentation for the Financial Results of the Company for the first quarter ended on 30th June, 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug - Newspaper Publication of Unaudited Standalone and Consolidated Financial results for the Quarter Ended 30th June, 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 13 Aug - Q1 FY27 monitoring report on preferential issue proceeds shows no deviation; INR 198.27 crore deployed in fixed deposits.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Allotment 24 Jun - Sanstar allotted 1.80 crore shares at ₹110, raising ₹198.27 crore, and appointed two directors on 24 June 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun - Newspaper Publication for Intimation of Extra Ordinary General Meeting scheduled to be held on Saturday, June 20, 2026 at 11:00 A.M.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Preferential Issue 28 May - Board approved ₹198.27 crore preferential issue to Corn Products Development, capital hike to ₹50 crore, EGM 20 June 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Issue of Securities 20 Jun - EGM on 20 June 2026 approved ₹198.26 crore preferential issue to Corn Products Development Inc. and amendments.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.