Sayaji Industries Limited

BSE: 540728
Sayaji Industries Limited - food and beverages in Ahmedabad, Gujarat, India. FY 2026 financials and compliance.
CIN L99999GJ1941PLC000471 Incorporated 30 January 1941 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 540728 Public Limited Company food and beverages
Data last updated
Revenue · FY 2026
₹1,071.76 Cr
▲ 6.75% YoY
Computed EBITDA · FY 2026
₹42.2 Cr
▲ 100.09% YoY
Net profit · FY 2026
₹1.5 Cr
▲ 113.5% YoY
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹12.64 Cr
Issued & subscribed
Open charges
₹459.15 Cr
Satisfied ₹173.49 Cr
Company age
85 yrs
Est. 1941
Employees · EPFO
664
Latest available

About Sayaji Industries Limited

Data last updated: 14 July 2026

Sayaji Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in organic and health foods, a part of the broader food and beverages sector. Incorporated on 30 January 1941, the company has been in operation for over 85 years.

Registered with ROC Ahmedabad under CIN L99999GJ1941PLC000471. Listed on BSE: 540728.

Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.64 Cr. Formerly known as Maize Products Limited and Sayaji Mills Limited. It is led by directors including Jaysheel Paranjay Hazarat and Amit Nareshchandra Shah.

Last AGM: 25 September 2025. Financial statements filed for year ended 31 March 2025. Office: P.O Kathwada Maize Products, Ahmedabad, Gujarat, India – 382430.

As per BSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹1,071.76 Cr, a growth of 6.75% compared to the previous year. The net worth stands at ₹95.97 Cr (up 1.08% YoY). Total assets are valued at ₹550 Cr (up 5.28% YoY).

The company has a workforce of approximately 664 employees as per the latest available data.

The company is associated with 2 brands - Maize Products, Sayaji Group. As per MCA filings, the company has open charges of ₹459.15 Cr and satisfied charges of ₹173.49 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maizeproducts.com.

Company Details of Sayaji Industries Limited
CIN L99999GJ1941PLC000471
Registration Number 000471
Incorporation Date 30 January 1941
ROC Ahmedabad
Listing Status Listed (BSE: 540728)
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Priyambhai Bipinbhai Mehta Managing Director Amit Nareshchandra Shah Whole-Time Director Vishal Priyam Mehta Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    maizeproducts.com
  • Social Media
  • Registered Address
    P.O Kathwada Maize Products, Ahmedabad, Gujarat, India – 382430
  • Industry
    Food and Beverages, Organic & Health Foods
Company report
Sayaji Industries Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Sayaji Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Sayaji Industries Limited

Sayaji Industries Limited has undergone 3 name changes throughout its history. The company was previously known as Maize Products Limited, Sayaji Mills Limited, and Hindustan Colour, Chemical And Manufacturing Company Limited. The current legal name is Sayaji Industries Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Sayaji Industries Limited Current
Maize Products Limited Previous
Sayaji Mills Limited Previous
Hindustan Colour, Chemical And Manufacturing Company Limited Previous

Associated Brands with Sayaji Industries Limited

Sayaji Industries Limited operates two associated brands: Maize Products and Sayaji Group. These brands represent Sayaji Industries Limited's diversified market presence and brand portfolio.

Brand Description Website
Maize Products
Corn wet milling and starch derivative production in India. maizeproducts.com
Sayaji Group
Corn-based starches and sweeteners are produced for various industries. sayajigroup.in

Business Activity of Sayaji Industries Limited

Sayaji Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products, other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C6 Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products Locked
C Manufacturing C13 Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities Locked
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Business activity turnover details for Sayaji Industries Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

Auditor Details of Sayaji Industries Limited

Sayaji Industries Limited is audited by M/s shah & shah Associates (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
M/s shah & shah Associates (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Sayaji Industries Limited

Sayaji Industries Limited is currently managed by 10 directors, with 12 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Jaysheel Paranjay Hazarat Director 03 Nov 2018 7 Years 8 Months Current
Amit Nareshchandra Shah Whole-Time Director 13 Jul 2020 6 Years 0 Months Current
Sujata Priyambhai Mehta
Also directs: N B Commercial Enterprises Limited, Viva Tex-Chem Pvt Ltd, C V Mehta Pvt Ltd and 3 more
Director 14 Nov 2013 12 Years 8 Months Current
Vishal Priyam Mehta
Also directs: Sayaji Agricare Private Limited, N B Commercial Enterprises Limited, Viva Tex-Chem Pvt Ltd and 4 more
Whole-Time Director 16 Jan 2010 16 Years 6 Months Current
Priyambhai Bipinbhai Mehta
Also directs: Sayaji Samruddhi Llp, Sayaji Properties Llp, Sayaji Seeds Llp and 5 more
Managing Director 18 Nov 1982 43 Years 8 Months Current
Varun Priyam Mehta
Also directs: Sayaji Samruddhi Llp, Sayaji Properties Llp, Sayaji Seeds Llp and 5 more
Whole-Time Director 18 Oct 2006 19 Years 9 Months Current
Showing 6 of 10 current directors. View all directors

Financials of Sayaji Industries Limited FY 2026 filings available

Sayaji Industries Limited reported revenue of ₹1,071.76 Cr (up 6.75% YoY) for FY 2026.

Revenue · FY 2026
₹1,071.76 Cr ▲ 6.75%
Profit · FY 2026
₹1.5 Cr ▲ 113.5%
Computed EBITDA · FY 2026
₹42.2 Cr ▲ 100.09%
Revenue₹ Cr · Consolidated05001,0001,500FY 2019: ₹644 Cr644FY 2019FY 2020: ₹639 Cr · -0.8% YoY639-0.8%FY 2020FY 2021: ₹559 Cr · -12.5% YoY559-12.5%FY 2021FY 2022: ₹793 Cr · +41.9% YoY793+41.9%FY 2022FY 2023: ₹1,040 Cr · +31.1% YoY1,040+31.1%FY 2023FY 2024: ₹975 Cr · -6.2% YoY975-6.2%FY 2024FY 2025: ₹1,004 Cr · +2.9% YoY1,004+2.9%FY 2025FY 2026: ₹1,072 Cr · +6.8% YoY1,072+6.8%FY 2026
Net Profit₹ Cr · Consolidated-20-100102030FY 2019: ₹25 Cr25.3FY 2019FY 2020: ₹2 Cr (loss) · -109.3% YoY-2.3FY 2020FY 2021: ₹17 Cr · +803.4% YoY16.5+803.4%FY 2021FY 2022: ₹19 Cr · +14.2% YoY18.8+14.2%FY 2022FY 2023: ₹7 Cr · -63.2% YoY6.9-63.2%FY 2023FY 2024: ₹12 Cr (loss) · -268% YoY-11.7FY 2024FY 2025: ₹11 Cr (loss) · +4.8% YoY-11.1FY 2025FY 2026: ₹1 Cr · +113.5% YoY1.5+113.5%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0100200300Q1'25: ₹273 Cr273Q1'25Q2'25: ₹215 Cr215Q2'25Q3'25: ₹269 Cr269Q3'25Q4'25: ₹247 Cr247Q4'25Q1'26: ₹272 Cr · -0.5% YoY272-0.5%Q1'26Q2'26: ₹249 Cr · +16.1% YoY249+16.1%Q2'26Q3'26: ₹283 Cr · +5.1% YoY283+5.1%Q3'26Q4'26: ₹268 Cr · +8.5% YoY268+8.5%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹1,071.76 Cr ₹1,003.95 Cr ₹975.4 Cr ₹1,040.11 Cr ₹793.18 Cr ₹558.86 Cr ₹638.63 Cr ₹644.05 Cr
Other Income ₹3.34 Cr ₹32.33 Cr ₹2.62 Cr ₹9.77 Cr ₹4.09 Cr ₹1.66 Cr ₹4.04 Cr ₹4.82 Cr
Total Income ₹1,075.1 Cr ₹1,036.28 Cr ₹978.02 Cr ₹1,049.88 Cr ₹797.27 Cr ₹560.53 Cr ₹642.66 Cr ₹648.87 Cr
Cost of Materials Consumed ₹784.8 Cr ₹763.88 Cr ₹730.06 Cr ₹767.68 Cr ₹547.53 Cr ₹355.04 Cr ₹462.36 Cr ₹444.6 Cr
Purchases of Stock-in-Trade ₹9.51 Cr ₹13.74 Cr ₹0 ₹0 ₹0 ₹0 ₹2.72 Cr ₹43.48 Lakh
Changes in Inventories -₹2.46 Cr ₹4.62 Lakh -₹5.07 Cr -₹4.84 Cr -₹10.26 Cr ₹5.14 Cr -₹3 Cr -₹8.6 Cr
Employee Benefit Expense ₹73.73 Cr ₹70.23 Cr ₹69.67 Cr ₹64.61 Cr ₹54.95 Cr ₹46.91 Cr ₹46.92 Cr ₹49.26 Cr
Finance Costs ₹24.9 Cr ₹19.23 Cr ₹14.95 Cr ₹11.99 Cr ₹11.27 Cr ₹13.57 Cr ₹16.63 Cr ₹12.24 Cr
Depreciation & Amortisation ₹20.59 Cr ₹19.41 Cr ₹16.49 Cr ₹14.8 Cr ₹12.81 Cr ₹11.83 Cr ₹11.46 Cr ₹9.96 Cr
Other Expenses ₹167.32 Cr ₹167.28 Cr ₹175.38 Cr ₹191.42 Cr ₹152.43 Cr ₹100.55 Cr ₹109.97 Cr ₹128.91 Cr
Total Expenses ₹1,078.38 Cr ₹1,053.82 Cr ₹1,001.47 Cr ₹1,045.66 Cr ₹768.73 Cr ₹533.05 Cr ₹647.06 Cr ₹636.8 Cr
Profit Before Exceptional Items & Tax -₹3.29 Cr -₹17.55 Cr -₹23.45 Cr ₹4.22 Cr ₹28.53 Cr ₹27.48 Cr -₹4.4 Cr ₹12.06 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹21.16 Cr
Profit Before Tax -₹3.29 Cr -₹17.55 Cr -₹23.45 Cr ₹4.22 Cr ₹28.53 Cr ₹27.48 Cr -₹4.4 Cr ₹33.23 Cr
Total Tax Expense -₹26.06 Lakh -₹2.23 Cr -₹7.23 Cr ₹1.5 Cr ₹10.52 Cr ₹11.95 Cr -₹2.96 Cr ₹7.93 Cr
Net Profit ₹1.5 Cr -₹11.1 Cr -₹11.67 Cr ₹6.94 Cr ₹18.85 Cr ₹16.51 Cr -₹2.35 Cr ₹25.3 Cr
  attributable to Owners ₹1.37 Cr -₹11.21 Cr -₹11.73 Cr ₹7.22 Cr ₹0 ₹16.52 Cr -₹2.34 Cr ₹25.2 Cr
  attributable to NCI ₹12.94 Lakh ₹10.54 Lakh ₹6.31 Lakh -₹27.46 Lakh ₹0 -₹1.32 Lakh -₹36,000 ₹9.83 Lakh
Other Comprehensive Income -₹18.56 Lakh -₹79.14 Lakh -₹45.77 Lakh -₹1.37 Cr -₹1.52 Cr ₹34.98 Lakh ₹32.03 Lakh -₹19.37 Lakh
Total Comprehensive Income ₹1.31 Cr -₹11.89 Cr -₹12.13 Cr ₹5.57 Cr ₹17.33 Cr ₹16.86 Cr -₹2.03 Cr ₹25.1 Cr
EBITDA (computed) ₹42.2 Cr ₹21.09 Cr ₹7.99 Cr ₹31.01 Cr ₹52.61 Cr ₹52.88 Cr ₹23.7 Cr ₹34.25 Cr
Basic EPS ₹0.54 ₹-17.74 ₹-18.56 ₹11.42 ₹29.86 ₹26.14 ₹-3.71 ₹40.03
Diluted EPS ₹0.54 ₹-17.74 ₹-18.56 ₹11.42 ₹29.86 ₹26.14 ₹-3.71 ₹40.03
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹550 Cr ₹522.42 Cr ₹538.69 Cr ₹424.36 Cr ₹399.33 Cr ₹357.55 Cr ₹345.7 Cr ₹329.31 Cr
Non-current Assets ₹350.01 Cr ₹348.78 Cr ₹339.39 Cr ₹287.25 Cr ₹258.24 Cr ₹234 Cr ₹223.42 Cr ₹215.32 Cr
Current Assets ₹199.99 Cr ₹173.64 Cr ₹199.3 Cr ₹137.11 Cr ₹141.08 Cr ₹123.55 Cr ₹122.29 Cr ₹113.98 Cr
Property, Plant & Equipment ₹304.75 Cr ₹291.54 Cr ₹289 Cr ₹246.23 Cr ₹241.09 Cr ₹208.67 Cr ₹201.27 Cr ₹204.86 Cr
Inventories ₹98.79 Cr ₹92.04 Cr ₹120.15 Cr ₹69.94 Cr ₹70.66 Cr ₹59.65 Cr ₹55.97 Cr ₹53.98 Cr
Trade Receivables ₹63.21 Cr ₹66.07 Cr ₹67.46 Cr ₹56.08 Cr ₹60.87 Cr ₹51.12 Cr ₹53.78 Cr ₹45.94 Cr
Cash & Equivalents ₹97.99 Lakh ₹1.94 Cr ₹1.22 Cr ₹58.47 Lakh ₹66.67 Lakh ₹81.58 Lakh ₹40.56 Lakh ₹72.7 Lakh
Equity (Net Worth) ₹95.97 Cr ₹94.94 Cr ₹106.84 Cr ₹118.96 Cr ₹110.63 Cr ₹93.93 Cr ₹77.07 Cr ₹81.29 Cr
Equity Share Capital ₹12.64 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr
Borrowings (Non-current) ₹59.95 Cr ₹75.65 Cr ₹81.88 Cr ₹64.31 Cr ₹65.93 Cr ₹52.59 Cr ₹47.71 Cr ₹58.15 Cr
Borrowings (Current) ₹159.67 Cr ₹137.59 Cr ₹81.38 Cr ₹63.96 Cr ₹46.99 Cr ₹71.27 Cr ₹76.63 Cr ₹77.92 Cr
Total Debt (computed) ₹219.62 Cr ₹213.24 Cr ₹163.26 Cr ₹128.28 Cr ₹112.92 Cr ₹123.86 Cr ₹124.34 Cr ₹136.08 Cr
Current Liabilities ₹369.48 Cr ₹326.15 Cr ₹321.65 Cr ₹212.98 Cr ₹195.42 Cr ₹190.39 Cr ₹207.37 Cr ₹172.79 Cr
Total Liabilities ₹454.03 Cr ₹427.47 Cr ₹431.85 Cr ₹305.4 Cr ₹288.7 Cr ₹263.62 Cr ₹268.63 Cr ₹248.02 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹37.69 Cr -₹33.48 Cr ₹40.21 Cr ₹22.24 Cr ₹73.2 Cr
Investing Cash Flow -₹18.86 Cr ₹3.85 Cr -₹59.6 Cr -₹28.54 Cr -₹34.12 Cr
Financing Cash Flow -₹19.79 Cr ₹30.36 Cr ₹20.01 Cr ₹6.22 Cr -₹39.23 Cr
Capital Expenditure ₹19.71 Cr ₹32.53 Cr ₹62.2 Cr ₹37.11 Cr ₹35.15 Cr
Free Cash Flow (computed) ₹17.99 Cr -₹66.01 Cr -₹21.99 Cr -₹14.87 Cr ₹38.05 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹63.2 Lakh ₹63.2 Lakh
Net Change in Cash -₹96.06 Lakh ₹72.53 Lakh ₹63.05 Lakh -₹8.2 Lakh -₹14.91 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹267.59 Cr ₹282.9 Cr ₹249.31 Cr ₹271.95 Cr ₹246.56 Cr ₹269.3 Cr ₹214.78 Cr ₹273.31 Cr
Other Income ₹1.81 Cr ₹48.3 Lakh ₹37.52 Lakh ₹66.95 Lakh ₹1.11 Cr ₹19.43 Lakh ₹30.39 Cr ₹64.07 Lakh
Total Income ₹269.4 Cr ₹283.38 Cr ₹249.69 Cr ₹272.62 Cr ₹247.67 Cr ₹269.49 Cr ₹245.16 Cr ₹273.95 Cr
Cost of Materials Consumed ₹169.74 Cr ₹194.17 Cr ₹205.63 Cr ₹215.27 Cr ₹173.82 Cr ₹201.97 Cr ₹168.14 Cr ₹219.95 Cr
Purchases of Stock-in-Trade ₹1.21 Cr ₹2.44 Cr ₹5.04 Cr ₹83.39 Lakh ₹13.74 Cr ₹0 ₹0 ₹0
Changes in Inventories ₹11.61 Cr ₹9.26 Cr -₹18.12 Cr -₹5.21 Cr ₹2.83 Cr ₹91.54 Lakh ₹4.24 Cr -₹7.94 Cr
Employee Benefit Expense ₹18.05 Cr ₹19.23 Cr ₹18.39 Cr ₹18.07 Cr ₹18.4 Cr ₹17.32 Cr ₹17.08 Cr ₹17.43 Cr
Finance Costs ₹6.29 Cr ₹6.53 Cr ₹6.38 Cr ₹5.7 Cr ₹5.44 Cr ₹5.06 Cr ₹4.46 Cr ₹4.26 Cr
Depreciation & Amortisation ₹5.32 Cr ₹5.25 Cr ₹5.14 Cr ₹4.88 Cr ₹5.05 Cr ₹4.96 Cr ₹4.75 Cr ₹4.65 Cr
Other Expenses ₹44.39 Cr ₹42.87 Cr ₹40.61 Cr ₹39.44 Cr ₹39.88 Cr ₹41.9 Cr ₹43.21 Cr ₹42.3 Cr
Total Expenses ₹256.6 Cr ₹279.74 Cr ₹263.06 Cr ₹278.98 Cr ₹259.17 Cr ₹272.13 Cr ₹241.88 Cr ₹280.64 Cr
Profit Before Exceptional Items & Tax ₹12.8 Cr ₹3.64 Cr -₹13.38 Cr -₹6.36 Cr -₹11.5 Cr -₹2.64 Cr ₹3.28 Cr -₹6.69 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹12.8 Cr ₹3.64 Cr -₹13.38 Cr -₹6.36 Cr -₹11.5 Cr -₹2.64 Cr ₹3.28 Cr -₹6.69 Cr
Total Tax Expense ₹3.56 Cr ₹99.31 Lakh -₹3.28 Cr -₹1.53 Cr -₹2.87 Cr -₹66.4 Lakh ₹3.65 Cr -₹2.34 Cr
Net Profit ₹10.63 Cr ₹3.59 Cr -₹9.23 Cr -₹3.49 Cr -₹7.71 Cr -₹1.14 Cr ₹62.11 Lakh -₹2.87 Cr
  attributable to Owners ₹10.96 Cr ₹3.46 Cr -₹9.28 Cr -₹3.76 Cr -₹7.74 Cr -₹1.18 Cr ₹59.35 Lakh -₹2.89 Cr
  attributable to NCI -₹32.7 Lakh ₹13.69 Lakh ₹5.17 Lakh ₹26.78 Lakh ₹2.34 Lakh ₹3.86 Lakh ₹2.76 Lakh ₹2.09 Lakh
Other Comprehensive Income -₹23.56 Lakh ₹3.11 Lakh ₹13.07 Lakh -₹11.18 Lakh -₹18.31 Lakh -₹16.54 Lakh -₹31.28 Lakh -₹13.01 Lakh
Total Comprehensive Income ₹10.4 Cr ₹3.62 Cr -₹9.1 Cr -₹3.6 Cr -₹7.9 Cr -₹1.3 Cr ₹30.83 Lakh -₹3 Cr
EBITDA (computed) ₹24.41 Cr ₹15.42 Cr -₹1.86 Cr ₹4.22 Cr -₹1 Cr ₹7.38 Cr ₹12.49 Cr ₹2.22 Cr
Basic EPS ₹4.33 ₹1.37 ₹-14.69 ₹-5.95 ₹-12.24 ₹-1.86 ₹0.94 ₹-4.58
Diluted EPS ₹4.33 ₹1.37 ₹-14.69 ₹-5.95 ₹-12.24 ₹-1.86 ₹0.94 ₹-4.58
Latest 8 quarters shown.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Agro Processing Maize ₹250.74 Cr ₹21.66 Cr ₹428.53 Cr ₹379.07 Cr
Agri Seeds ₹8.84 Cr -₹49.54 Lakh ₹47.28 Cr ₹38.19 Cr
Spary dried Food Products ₹8.45 Cr ₹1.67 Cr ₹39.72 Cr ₹13.83 Cr
Investment in Joint Venture ₹0 ₹0 ₹22.71 Cr ₹0
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Agro Processing Maize ₹974.06 Cr ₹32.14 Cr - -
Agri Seeds ₹64.73 Cr ₹2.52 Cr - -
Spary dried Food Products ₹34.75 Cr ₹4.77 Cr - -
Investment in Joint Venture ₹0 ₹0 - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹1,007.03 Cr ₹957.56 Cr ₹936.52 Cr ₹1,005.68 Cr ₹764.42 Cr ₹536.85 Cr ₹620.2 Cr ₹621.23 Cr
Other Income ₹9.01 Cr ₹36.92 Cr ₹7.34 Cr ₹13.88 Cr ₹4.75 Cr ₹2.73 Cr ₹4.08 Cr ₹4.9 Cr
Total Income ₹1,016.04 Cr ₹994.49 Cr ₹943.86 Cr ₹1,019.56 Cr ₹769.17 Cr ₹539.57 Cr ₹624.28 Cr ₹626.13 Cr
Cost of Materials Consumed ₹741.04 Cr ₹740.62 Cr ₹712.93 Cr ₹749.71 Cr ₹529.76 Cr ₹338.87 Cr ₹452.54 Cr ₹427.14 Cr
Purchases of Stock-in-Trade ₹9.51 Cr ₹13.74 Cr ₹0 ₹0 ₹0 ₹0 ₹2.72 Cr ₹43.48 Lakh
Changes in Inventories ₹4.07 Cr -₹2.37 Cr -₹8.85 Cr -₹4.07 Cr -₹8.72 Cr ₹9.35 Cr -₹3.37 Cr -₹6.06 Cr
Employee Benefit Expense ₹63.83 Cr ₹63.14 Cr ₹64.65 Cr ₹60.32 Cr ₹51.55 Cr ₹44.54 Cr ₹45.13 Cr ₹47.7 Cr
Finance Costs ₹23.51 Cr ₹18.14 Cr ₹13.34 Cr ₹10.34 Cr ₹10.07 Cr ₹12.66 Cr ₹15.78 Cr ₹11.47 Cr
Depreciation & Amortisation ₹20.28 Cr ₹18.9 Cr ₹15.86 Cr ₹14.05 Cr ₹12.15 Cr ₹11.34 Cr ₹11.19 Cr ₹9.36 Cr
Other Expenses ₹152.37 Cr ₹156.13 Cr ₹164.56 Cr ₹180.09 Cr ₹144.78 Cr ₹94.13 Cr ₹105.55 Cr ₹124.27 Cr
Total Expenses ₹1,014.62 Cr ₹1,008.32 Cr ₹962.49 Cr ₹1,010.43 Cr ₹739.59 Cr ₹510.88 Cr ₹629.53 Cr ₹614.31 Cr
Profit Before Exceptional Items & Tax ₹1.42 Cr -₹13.83 Cr -₹18.63 Cr ₹9.13 Cr ₹29.59 Cr ₹28.69 Cr -₹5.24 Cr ₹11.82 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹21.16 Cr
Profit Before Tax ₹1.42 Cr -₹13.83 Cr -₹18.63 Cr ₹9.13 Cr ₹29.59 Cr ₹28.69 Cr -₹5.24 Cr ₹32.98 Cr
Total Tax Expense -₹86.61 Lakh -₹2.37 Cr -₹7.31 Cr ₹1.91 Cr ₹10.74 Cr ₹12.11 Cr -₹2.92 Cr ₹7.78 Cr
Net Profit ₹2.29 Cr -₹11.47 Cr -₹11.32 Cr ₹7.22 Cr ₹18.84 Cr ₹16.59 Cr -₹2.32 Cr ₹25.2 Cr
Other Comprehensive Income -₹18.33 Lakh -₹78.54 Lakh -₹45.38 Lakh -₹1.35 Cr -₹1.5 Cr ₹30.74 Lakh ₹32.03 Lakh -₹19.37 Lakh
Total Comprehensive Income ₹2.1 Cr -₹12.25 Cr -₹11.77 Cr ₹5.87 Cr ₹17.34 Cr ₹16.89 Cr -₹2 Cr ₹25.01 Cr
EBITDA (computed) ₹45.22 Cr ₹23.21 Cr ₹10.57 Cr ₹33.51 Cr ₹51.81 Cr ₹52.69 Cr ₹21.72 Cr ₹32.65 Cr
Basic EPS ₹0.90 ₹-18.14 ₹-17.91 ₹11.42 ₹29.82 ₹26.24 ₹-3.68 ₹39.87
Diluted EPS ₹0.90 ₹-18.14 ₹-17.91 ₹11.42 ₹29.82 ₹26.24 ₹-3.68 ₹39.87
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹509.61 Cr ₹493.47 Cr ₹512.67 Cr ₹396.27 Cr ₹374.75 Cr ₹340.55 Cr ₹331.08 Cr ₹309.78 Cr
Non-current Assets ₹355.9 Cr ₹353.21 Cr ₹343.03 Cr ₹289.53 Cr ₹261.04 Cr ₹236.84 Cr ₹226.81 Cr ₹212.32 Cr
Current Assets ₹153.71 Cr ₹140.27 Cr ₹169.64 Cr ₹106.74 Cr ₹113.71 Cr ₹103.71 Cr ₹104.27 Cr ₹97.45 Cr
Property, Plant & Equipment ₹304.18 Cr ₹291.35 Cr ₹288.76 Cr ₹245.94 Cr ₹240.76 Cr ₹208.34 Cr ₹200.96 Cr ₹198.18 Cr
Inventories ₹67.95 Cr ₹68.88 Cr ₹103.52 Cr ₹51.29 Cr ₹54.61 Cr ₹49.38 Cr ₹47.41 Cr ₹44.78 Cr
Trade Receivables ₹52.72 Cr ₹60.43 Cr ₹56.97 Cr ₹44.83 Cr ₹50.38 Cr ₹44.3 Cr ₹46.91 Cr ₹39.63 Cr
Cash & Equivalents ₹21.59 Lakh ₹1.68 Cr ₹1.03 Cr ₹54.53 Lakh ₹60.68 Lakh ₹78.61 Lakh ₹33.5 Lakh ₹61.83 Lakh
Equity (Net Worth) ₹93.82 Cr ₹91.72 Cr ₹103.97 Cr ₹115.74 Cr ₹110.5 Cr ₹93.79 Cr ₹76.9 Cr ₹80.43 Cr
Equity Share Capital ₹12.64 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr ₹3.16 Cr
Borrowings (Non-current) ₹59.95 Cr ₹75.66 Cr ₹81.88 Cr ₹64.12 Cr ₹65.19 Cr ₹51.34 Cr ₹47.71 Cr ₹56.02 Cr
Borrowings (Current) ₹144.97 Cr ₹131.96 Cr ₹71.85 Cr ₹50.84 Cr ₹31.42 Cr ₹61.8 Cr ₹67.06 Cr ₹66.82 Cr
Total Debt (computed) ₹204.92 Cr ₹207.62 Cr ₹153.73 Cr ₹114.96 Cr ₹96.61 Cr ₹113.15 Cr ₹114.78 Cr ₹122.85 Cr
Current Liabilities ₹333.37 Cr ₹302.01 Cr ₹299.95 Cr ₹189.63 Cr ₹172.83 Cr ₹175.71 Cr ₹193.63 Cr ₹156.65 Cr
Total Liabilities ₹415.79 Cr ₹401.75 Cr ₹408.7 Cr ₹280.53 Cr ₹264.25 Cr ₹246.75 Cr ₹254.18 Cr ₹229.35 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹45.12 Cr -₹38.61 Cr ₹35.24 Cr ₹20.65 Cr ₹77.41 Cr
Investing Cash Flow -₹19.32 Cr ₹3.88 Cr -₹60.12 Cr -₹28.19 Cr -₹34.29 Cr
Financing Cash Flow -₹27.26 Cr ₹35.37 Cr ₹25.37 Cr ₹7.49 Cr -₹43.3 Cr
Capital Expenditure ₹19.22 Cr ₹32.51 Cr ₹62.18 Cr ₹36.65 Cr ₹34.32 Cr
Free Cash Flow (computed) ₹25.9 Cr -₹71.12 Cr -₹26.94 Cr -₹16 Cr ₹43.09 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹63.2 Lakh ₹63.2 Lakh
Net Change in Cash -₹1.47 Cr ₹65.03 Lakh ₹48.91 Lakh -₹6.15 Lakh -₹17.93 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹258.75 Cr ₹260.14 Cr ₹239.26 Cr ₹248.88 Cr ₹240.85 Cr ₹252.33 Cr ₹206.37 Cr ₹258.01 Cr
Other Income ₹3.39 Cr ₹1.78 Cr ₹1.37 Cr ₹2.48 Cr ₹5.56 Cr ₹23.57 Lakh ₹30.44 Cr ₹68.88 Lakh
Total Income ₹262.14 Cr ₹261.92 Cr ₹240.63 Cr ₹251.36 Cr ₹246.41 Cr ₹252.57 Cr ₹236.81 Cr ₹258.7 Cr
Cost of Materials Consumed ₹168.89 Cr ₹184.87 Cr ₹189.88 Cr ₹197.4 Cr ₹173.5 Cr ₹198.62 Cr ₹159.65 Cr ₹208.86 Cr
Purchases of Stock-in-Trade ₹1.21 Cr ₹2.44 Cr ₹5.04 Cr ₹83.39 Lakh ₹13.74 Cr ₹0 ₹0 ₹0
Changes in Inventories ₹8.46 Cr ₹3.83 Cr -₹6.5 Cr -₹1.71 Cr ₹1.87 Cr -₹6.85 Cr ₹8.61 Cr -₹6 Cr
Employee Benefit Expense ₹15.4 Cr ₹16.76 Cr ₹15.99 Cr ₹15.68 Cr ₹16.48 Cr ₹15.48 Cr ₹15.42 Cr ₹15.76 Cr
Finance Costs ₹5.97 Cr ₹6.23 Cr ₹5.96 Cr ₹5.35 Cr ₹5.3 Cr ₹4.87 Cr ₹4.11 Cr ₹3.87 Cr
Depreciation & Amortisation ₹5.24 Cr ₹5.18 Cr ₹5.07 Cr ₹4.8 Cr ₹4.92 Cr ₹4.83 Cr ₹4.62 Cr ₹4.52 Cr
Other Expenses ₹41.9 Cr ₹38.31 Cr ₹37.66 Cr ₹34.49 Cr ₹37.82 Cr ₹38.53 Cr ₹41.21 Cr ₹38.58 Cr
Total Expenses ₹247.07 Cr ₹257.62 Cr ₹253.09 Cr ₹256.84 Cr ₹253.62 Cr ₹255.48 Cr ₹233.63 Cr ₹265.59 Cr
Profit Before Exceptional Items & Tax ₹15.07 Cr ₹4.31 Cr -₹12.47 Cr -₹5.49 Cr -₹7.21 Cr -₹2.92 Cr ₹3.18 Cr -₹6.88 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹15.07 Cr ₹4.31 Cr -₹12.47 Cr -₹5.49 Cr -₹7.21 Cr -₹2.92 Cr ₹3.18 Cr -₹6.88 Cr
Total Tax Expense ₹3.51 Cr ₹78.82 Lakh -₹3.36 Cr -₹1.81 Cr -₹2.9 Cr -₹71.25 Lakh ₹3.61 Cr -₹2.37 Cr
Net Profit ₹11.56 Cr ₹3.52 Cr -₹9.11 Cr -₹3.68 Cr -₹4.31 Cr -₹2.2 Cr -₹43.75 Lakh -₹4.51 Cr
Other Comprehensive Income -₹28.67 Lakh ₹3.37 Lakh ₹18.19 Lakh -₹11.22 Lakh -₹18.28 Lakh -₹16.46 Lakh -₹30.79 Lakh -₹13.01 Lakh
Total Comprehensive Income ₹11.27 Cr ₹3.55 Cr -₹8.93 Cr -₹3.79 Cr -₹4.49 Cr -₹2.37 Cr -₹74.54 Lakh -₹4.64 Cr
EBITDA (computed) ₹26.28 Cr ₹15.71 Cr -₹1.44 Cr ₹4.66 Cr ₹3.01 Cr ₹6.78 Cr ₹11.91 Cr ₹1.5 Cr
Basic EPS ₹4.57 ₹1.39 ₹-14.41 ₹-5.83 ₹-6.82 ₹-3.49 ₹-0.69 ₹-7.14
Diluted EPS ₹4.57 ₹1.39 ₹-14.41 ₹-5.83 ₹-6.82 ₹-3.49 ₹-0.69 ₹-7.14
Latest 8 quarters shown.
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Shareholding Pattern of Sayaji Industries Limited

As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 74.95%, domestic institutional investors hold 0.01%, retail and other public shareholders hold 25.04% of Sayaji Industries Limited. The company had 3,532 shareholders on record.

Promoters: 74.95%DII (Domestic Institutional): 0.01%Retail & Others: 25.04%
Mar 2026
QUARTER
74.95% Promoters
0.01% DII (Domestic Institutional)
25.04% Retail & Others
Promoter holding - history
Now 74.95% · Mar 2026High 74.99% · Jun 2023Low 74.60% · Dec 2025
73%73.8%74.5%75.3%76%Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2023: 74.99%Sep 2023: 74.99%Dec 2023: 74.99%Mar 2024: 74.97%Jun 2024: 74.97%Sep 2024: 74.97%Dec 2024: 74.97%Mar 2025: 74.95%Jun 2025: 74.95%Sep 2025: 74.95%Dec 2025: 74.60%Mar 2026: 74.95%74.99%74.60%74.95%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters74.95%74.60%74.95%74.95%74.95%74.97%
Public25.05%25.40%25.05%25.05%25.05%25.03%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024
Promoters74.95%74.95%74.97%
Public25.05%25.05%25.03%
Promoter change (YoY, %pts)+0.00-0.02-

Charges & Borrowings of Sayaji Industries Limited

Open charges
₹459.15 Cr
Satisfied charges
₹173.49 Cr
Breakdown by lending institutions
Others₹457.30 Cr
Hdfc Bank Limited₹1.86 Cr
Latest charge details
DateLenderAmountStatus
16 Jun 2026 Others ₹25.64 Cr Open
20 Apr 2026 Hdfc Bank Limited ₹1.55 Cr Open
26 Mar 2026 Others ₹1.3 Cr Open
25 Mar 2026 Hdfc Bank Limited ₹30.7 Lakh Open
10 Jan 2025 Others ₹23.5 Cr Open

Total charge records: 22 View all charges

Employees and EPFO Compliance at Sayaji Industries Limited

Sayaji Industries Limited has a workforce of 664 employees as of Jan 22, 2025.

Employee count
664
Active EPFO establishments
1
Employee growth
-9.66%
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Employee and EPFO history for Sayaji Industries Limited

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GST Compliance of Sayaji Industries Limited

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GST registrations and filing compliance for Sayaji Industries Limited

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Credit Ratings, Litigation & Regulatory Alerts for Sayaji Industries Limited

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Credit ratings, litigation, and regulatory alerts for Sayaji Industries Limited

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MSME Payment Delays by Sayaji Industries Limited

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MSME payment history for Sayaji Industries Limited

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Subsidiaries & Group Companies of Sayaji Industries Limited

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Corporate group structure for Sayaji Industries Limited

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MCA Filings & Documents of Sayaji Industries Limited

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MCA filings and documents for Sayaji Industries Limited

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Recent Activity on Sayaji Industries Limited

Charges
16 Jun 2026
A charge with Others amounted to Rs. 25.64 Cr with Charge ID 101320173 was registered on 16 Jun 2026.
Charges
21 Apr 2026
A charge registered on 01 Jun 2022 via Charge ID 100590595 with Hdfc Bank Limited was fully satisfied on 21 Apr 2026.
Charges
20 Apr 2026
A charge with Hdfc Bank Limited amounted to Rs. 1.55 Cr with Charge ID 101277093 was registered on 20 Apr 2026.
Charges
26 Mar 2026
A charge with Others amounted to Rs. 1.30 Cr with Charge ID 101279078 was registered on 26 Mar 2026.
Charges
25 Mar 2026
A charge with Hdfc Bank Limited amounted to Rs. 0.31 Cr with Charge ID 101263048 was registered on 25 Mar 2026.
Charges
19 Feb 2026
A charge registered on 16 Nov 2022 via Charge ID 100668497 with Hdfc Bank Limited was fully satisfied on 19 Feb 2026.

Recent News on Sayaji Industries Limited

Frequently Asked Questions about Sayaji Industries Limited

Sayaji Industries Limited is an active public limited company in the food and beverages sector based in Ahmedabad, Gujarat, India. It was incorporated on 30 January 1941 (85+ years old) and is registered under CIN L99999GJ1941PLC000471. Listed on BSE: 540728. The company has 664 employees.

Sayaji Industries Limited reported revenue of ₹1,071.76 Cr for FY 2026 (up 6.75% YoY) based on consolidated BSE filings.

The current directors of Sayaji Industries Limited are:

The primary industry of Sayaji Industries Limited is food and beverages. The company specifically operates in organic and health foods. The company is currently active in this sector.

Yes. Sayaji Industries Limited is listed on BSE with code 540728.

Sayaji Industries Limited can be reached at the registered office: P.O Kathwada Maize Products, Ahmedabad, Gujarat, India – 382430, or through the website maizeproducts.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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