BSECompany Update6d ago · 10 Aug 2026, 10:37 am
Please find attached herewith Investor Presentation for quarter ended 30th June, 2026.
Sayaji Industries Ltd · 540728
✦ AI Summary▲ PositiveResults
Sayaji Industries Ltd has released its Q1FY27 earnings presentation, showing revenue of ₹288 Cr, EBITDA of ₹21 Cr, and an EBITDA margin of 7.3%. The company has maintained its performance despite cost inflation and has seen an increase in end product prices. It has also made progress on its technology modernization project and joint venture capital expenditure projects.
Analysis Scores
Earnings Impact6/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment7/10
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Sayaji Industries Ltd - 540728 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: 10th August, 2026
The Manager,
BSE Limited,
Phiroz Jeeboy Towers,
Dalal Street
Mumbai-400 001
Script Code: 540728
Dear Sir/Madam,
Subject: Submission of Investor Presentation for Q1 ended on 30th June, 2026
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Investor
Presentation of Sayaji Industries Limited for the quarter ended 30th June, 2026.
The presentation contains an overview of the Company's business, operational and financial
performance for Q1 ended on 30th June, 2026 and is being made available to investors and
stakeholders.
The aforesaid Investor Presentation is also being uploaded on the website of the Company.
Kindly take the same on your records.
For, Sayaji Industries Limited
Mr. Vishnu H Thaker
(Company secretary & Compliance Officer)
(ACS-60441)
(This is digitally signed document hence Stamp is not required.)
Sayaji Industries Limited
Maize Products, Chinubhai Nagar, P.O. Kathwada,
Ahmedabad – 382430, Gujarat, India
T: +91-79-22900881-85, 22901581-85
CIN No: L99999GJ1941PLC000471 E: maize@sayajigroup.in, W: www.sayajigroup.in
S AYA JI IN DU ST RI E S LIM ITE D
Eight Decades in the
Maize Starch &
Derivatives Industry.
Pivoting to Speciality
Food Ingredients.
Since 1941
Sayaji Industries Limited
BSE: 540728 | Bloomberg: SAYIND:IN
Earnings Presentation
Q1FY27 | August 2026
Inside the presentation
01 02 03 04 05
Q1FY27 About the Business Industry Financial
Performance Company Profile Overview Profile
Highlights
Q1FY27 Performance Highlights Sayaji at a Glance Product Portfolio Industry Overview Key Performance Indicators
• Maize Starch & Derivatives
Q1FY27 P&L Snapshot History & Milestones Industry Tailwinds & 5Y P&L Snapshot
• SpecialityFood Ingredients
Elevating Challenges
Management Commentary Board of Directors Manufacturing Infrastructure 5Y Balance Sheet Snapshot
• Promoter Directors • Maize Starch & Derivatives
• Non-Promoter Directors • SpecialityFood Ingredients 5Y Cash Flow Snapshot
Corporate Structure Production Capacity & Utilisation Capital Markets Overview
JV Philosophy & Revenue Mix Profile
International Partners
Strategic Priorities
Subsidiary: Sayaji Seeds
Private Limited CAPEX Roadmap
Global Presence
SAYAJI INDUSTRIES LIMITED | Investor Presentation 2027
Q1FY27 Performace
Highlights
Q1FY27 Performance Highlights 04
Q1FY27 P&L Snapshot 05
Management Commentary 06
Capital Markets Overview 39
Q1FY27 Performance Highlights (Consol)
Revenue (₹ in Crore) EBITDA (₹ in Crore) PAT (₹ in Crore)
6% 287%
YoY Growth 350 YoY Growth 30
25 26 10 11
250 268 8
20 21 7
-2 -4
50 5
0 0 -6
Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27
Note: EBITDA including Share of Profits in JVs
SAYAJI INDUSTRIES LIMITED | Investor Presentation 2027
Q1FY27 P&L Snapshot (Consol)
PARTICULARS (₹ in Crore) Q1FY27 Q4FY26 Q1FY26 YoY Change QoQ Change
Revenue from Operations 288 268 272 6% 8%
COGS 195 182 211 -7% 7%
Gross Profit 93 85 61 52% 9%
Gross Margin (%) 32.2% 31.9% 22.5% 968 bps 28 bps
Operating Expenses 75 62 58 30% 20%
Other Income 2 1 1 20% 16%
Share in profit of joint venture 2 2 1 172% 0%
EBITDA 21 26 5 287% -19%
EBITDA Margin (%) 7.3% 9.8% 2.0% 532 bps -245 bps
Finance Cost 6 6 6 12% 2%
Depreciation 5 5 5 10% 1%
Profit before Tax 9 15 (5) - -36%
Profit after Tax 7 11 (4) - -33%
PAT Margins (%) 2.5% 4.1% -1.3% 386 bps -153 bps
Basic EPS (in ₹) 2.78 4.44 (1.52) - -37%
Note: EBITDA including Share of Profits in JVs. Consolidated financials.
SAYAJI INDUSTRIES LIMITED| Investor Presentation 2027
Management Commentary
Sayaji Industries has carried forward the momentum o f the up, which is allowing us to manage continuity in our
last two quarters and delivered a healthy performance in exports business. Alongside this, the Company has focused
Q1FY27, marking a good start to the financial year. its energies on alternate export markets, including the
Revenue for the quarter stood at ₹288 Cr, with an EBITDA United States, and is also seeing healthy visibility from
of ₹21 Cr and an EBITDA margin of 7.3%. domestic markets.
The quarter saw an increase in input prices on the back of On the project front, we remain on track with our
general food inflation, higher energy costs and the Technology Modernisation and Automation Project.
resulting inflation in logistics costs. Despite this, the ~95% of the machinery and material has been delivered,
Company has remained on course with its performance, installation is in process, and the project is expected to be
supported by healthy volumes and margins. Given that this commissioned by the end of September 2026. Once
cost inflation has been experienced across the industry, it is operational, it will enable significant and sustainable cost
encouraging to note that end product prices have also savings for the Company.
remained buoyant across the board. During Q1FY27, we
We have also progressed on our joint venture capital
recorded an average increase in sales prices of 3-4%. Based
expenditure projects. The Alland & Sayaji Gum Arabic
on these developments, we expect margins to remain
Spray-Drying Plant #2 is expected to commence work
healthy for the rest of the year. From an operational
by the end of September 2026, and given the ongoing
Mr. Priyam B. Mehta perspective, raw material availability remains comfortable,
monsoon season, civil works are expected to begin in
and while prices did increase during Q1, we remain
CHAIRMAN & MANAGING DIRECTOR
Q3FY27. Work on the Nigay & Sayaji Caramel Colours Plant
comfortable with our procurement strategy for FY27.
is expected to commence on the same timelines as well.
On the exports front, logistics to the Middle East have
Taken together, the performance in Q1FY27 and the
remained under pressure on account of elevated freight
projects currently under execution position the Company
costs and the continued lack of a resolution to the West
well for FY27. The focus remains on consolidating these
Asia crisis. While the situation remains challenging,
gains, completing the projects on hand and continuing to
alternate shipping and logistics routes have since opened
build a stronger, more competitive operating platform.
SAYAJI INDUSTRIES LIMITED| Investor Presentation 2027
About the
Company
Sayaji at a Glance 08
History & Milestones 09
Board of Directors
• Promoter Directors 10
• Non-Promoter Directors 11
Corporate Structure 12
JV Philosophy & International Partners 13
Subsidiary: Sayaji Seeds Private Limited 14
Sayaji at a Glance
Founded in 1941, Sayaji Industries is Alongside the core maize starch
1,000 TPD
one of India’s oldest maize wet milling business, Sayaji operates a spray-
company, manufacturing native & drying division and 2 JVs with
modified starches, sweeteners international partners for manufacturing
Daily Maize Crushing Capacity
(Dextrose Monohydrate, Dextrose speciality food ingredients.
Anhydrous, Sorbitol, Liquid Glucose)
and by-products (gluten, germ, fibre). It Over the years, Sayaji Industries has
serves FMCG, pharmaceutical, paper, transitioned into a full-fledged maize ₹1,072 Cr ₹47* Cr
textiles and packaging sectors. starch & derivatives company with a
focus on value-add product categories,
and niche food ingredient businesses. FY26 Revenue FY26 EBITDA
1941 Diversified Business 2 JVs
Verticals International Collaborations in
One of India’s Oldest Maize Niche High-Value Businesses
Starch & Derivatives Company Maize Starch & Derivatives
Alland & Robert (France) -
Spray-Drying Food Ingredients Gum Arabic Powder
JV Businesses Nigay SAS (France) – Caramel
Colours#
SAYAJI INDUSTRIES LIMITED | Investor Presentation 2027 *EBITDA including Share in Profit of JVs
# JV currently under formation
History & Milestones
Over 8 decades of operations | From 1 TPD (1941) to 1,000 TPD (2026)
Scale-up: Starch & Pivot to Speciality
1941- 1984- 2016-
Foundation
1983 2015 Derivatives Present Food Ingredients
1941 1973 1980s 2000 2016
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