IPO Plus

₹101.96

▲ +1.16 +1.15%

As of 26 Oct 2026 · delayed

NSE Listed

Sayaji Industries Ltd. (SAYAJIIND)

Volume: 78Avg Vol 1W: 2,436.4Avg Vol 1M: 1,847.452W Range:₹98₹125.95
Market Cap₹258 Cr
Current Price₹101.96
Previous Close₹100.8
High / Low (52w)₹125.95 / ₹98
Volume78
Avg Vol (1W)2,436.4
Avg Vol (1M)1,847.4
Stock P/E10.26
Book Value₹40.72
Dividend Yield0%
ROE24.42%
ROA405.2%
Revenue (TTM)₹1,075 Cr
Revenue Growth—
Profit Margin228.1%
Total Debt—
Shares Outstanding3 Cr
Face Value—
EPS (TTM)₹9.94
P/B2.5
Debt / Equity2.43
50 DMA₹115.17
200 DMA₹115.17
Day change+1.15%
Price Chart
₹101.96▼ 11.18% · 1Y
₹122₹1017K
2026-08-17
2026-10-26

20-day avg volume: 2K shares

Pros
  • Healthy return on equity of 24.4%.
  • Company is almost debt-free.
Quarterly Results
MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Revenue₹269 Cr₹247 Cr₹272 Cr₹249 Cr₹283 Cr₹268 Cr₹288 Cr₹264 Cr
EBITDA₹2 Cr₹-6 Cr₹-1 Cr₹-7 Cr₹10 Cr₹19 Cr₹14 Cr₹10 Cr
Net Profit₹-1 Cr₹-8 Cr₹-4 Cr₹-9 Cr₹3 Cr₹11 Cr₹7 Cr₹3 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026Sept 2026
Revenue₹241 Cr₹249 Cr₹239 Cr₹260 Cr₹259 Cr₹1,075 Cr₹263 Cr₹256 Cr
EBITDA₹-2 Cr₹0 Cr₹-6 Cr₹11 Cr₹21 Cr₹22 Cr₹14 Cr₹11 Cr
Net Profit₹-4 Cr₹-4 Cr₹-9 Cr₹4 Cr₹12 Cr₹1 Cr₹7 Cr₹4 Cr
EPS—————0.54——
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹329 Cr₹346 Cr₹358 Cr₹399 Cr₹424 Cr₹539 Cr₹522 Cr₹550 Cr
Total Liabilities₹248 Cr₹269 Cr₹264 Cr₹289 Cr₹305 Cr₹432 Cr₹427 Cr₹454 Cr
Equity₹81 Cr₹77 Cr₹94 Cr₹111 Cr₹119 Cr₹107 Cr₹95 Cr₹96 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹28 Cr₹44 Cr₹39 Cr₹77 Cr₹25 Cr₹39 Cr₹-33 Cr₹38 Cr
Investing₹-35 Cr₹-23 Cr₹-21 Cr₹-34 Cr₹-29 Cr₹-60 Cr₹4 Cr₹-19 Cr
Financing₹12 Cr₹-21 Cr₹-14 Cr₹-39 Cr₹6 Cr₹20 Cr₹30 Cr₹-20 Cr
Free Cash Flow₹28 Cr₹44 Cr₹39 Cr₹77 Cr₹25 Cr₹39 Cr₹-33 Cr₹38 Cr
Shareholding
Promoter 74.95% Institutions 0.01% Public 25.04%
Efficiency & Working Capital
ROCE16.9%
Interest Coverage1.1
Dividend Payout—
Debtor Days22 d
Inventory Days34 d
Payable Days58 d
Cash Conversion Cycle-3 d
Working Capital Days55 d
Shareholding Details

As of 2026-09-30

Promoter74.9%
FII0%
DII0%
Institutions0%
Public25%
Promoter Pledge0%
No. of Shareholders3,506
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Oct 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters75%75%75%75%74.9%74.9%74.9%74.9%74.6%74.9%74.9%74.9%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public25%25%25%25%25%25%25%25%25.4%25%25%25%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders3,4883,4603,4013,2873,2343,2263,3943,6763,6353,5323,5093,506
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Viva Tex-chem Pvt. LtdShareholding of Promoter and Promoter Group20.8%52,62,400
Varun Family TrustShareholding of Promoter and Promoter Group16.9%42,80,000
Vishal Family TrustShareholding of Promoter and Promoter Group16.4%41,41,440
C V Mehta Pvt LtdShareholding of Promoter and Promoter Group15.2%38,38,080
Sayaji Industries LimitedPublic Shareholding3.4%8,45,660
Nisarg Ajaykumar VakhariaPublic Shareholding3.1%7,87,100
Suhasbhai Vadilal MehtaPublic Shareholding2.3%5,89,120
Vishal Priyam MehtaShareholding of Promoter and Promoter Group2.3%5,76,000
Varun P MehtaShareholding of Promoter and Promoter Group1.7%4,37,440
Sujata Priyam MehtaShareholding of Promoter and Promoter Group1.1%2,70,720
Priya A KothariShareholding of Promoter and Promoter Group0.5%1,17,760
Amal K KothariShareholding of Promoter and Promoter Group0.1%19,200
Gaurang Kantilal DalalShareholding of Promoter and Promoter Group0%3,200
Shri Murli Packing & Trading Co P L.Shareholding of Promoter and Promoter Group0%80
Board of Directors
NameDesignationYear
Priyam Bipinbhai MehtaChairman / Executive Director / Managing Director2026
Varun Priyam MehtaExecutive Director & CEO2026
Vishal Priyam MehtaExecutive Director / Joint Chief Executive Officer2026
Amit Nareshchandra ShahE D & Wholetime Director2026
Sujata Priyambhai MehtaNon Executive Director2026
Jaysheel HazaratIndependent Non Exe. Director2026
Birad yajnikIndependent Non Exe. Director2026
Chiranjiv PatelIndependent Non Exe. Director2026
BHARAT PRANJIVANDAS MANDALIAIndependent Non Exe. Director2026
MRUNAL UPENDRA GANDHIIndependent Non Exe. Director2026
Vishnu H ThakerCompany Sec. & Compli. Officer2026
Segments — Geography
RegionRevenueShare
India₹441 Cr82.5%
Outside India₹93 Cr17.5%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹5151313
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-07Board Meetings—
bonus2025-10-073:13:1 Bonus Issue of Equity Shares
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202690251968130
20269024145299
202600051629
Insider / Designated-Person Trades

3 recent disclosure(s)

VIVA TEX-CHEM PVT LTDAcquisition · 13,15,600
BINI COMMERCIAL ENTERPRISES PVT LTDDisposal · 4,59,200
PRIYAM COMMERCIAL ENTERPRISES PRIVATE LIMITEDDisposal · 8,56,400
Substantial Acquisitions (SAST)

3 disclosure(s)

Inter-se Transfer23/09/2025 · 4,59,200
Inter-se Transfer23/09/2025 · 8,56,400
Inter-se Transfer23/09/2025 · 13,15,600
Company Information
Incorporated1941
ChairmanPriyam Bipinbhai Mehta
AuditorShah & Shah Associates
Investor Email[email protected]
🌐 www.sayajigroup.in; www.maizeproducts.com ↗

📍 Kathwada PO, Maize Products, Ahmedabad, Gujarat, 382430

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