Sanstar Ltd (SANSTAR) - Net Assets
Based on the latest financial reports, Sanstar Ltd (SANSTAR) has net assets worth Rs6.94 Billion INR (≈ $75.05 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs8.03 Billion ≈ $86.85 Million USD) and total liabilities (Rs1.09 Billion ≈ $11.80 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SANSTAR tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs6.94 Billion |
| % of Total Assets | 86.41% |
| Annual Growth Rate | 68.93% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 62.21 |
Sanstar Ltd - Net Assets Trend (2022–2026)
This chart illustrates how Sanstar Ltd's net assets have evolved over time, based on quarterly financial data. See Sanstar Ltd (SANSTAR) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sanstar Ltd (2022–2026)
The table below shows the annual net assets of Sanstar Ltd from 2022 to 2026. For live valuation and market cap data, see SANSTAR market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs6.94 Billion ≈ $75.05 Million |
+5.28% |
| 2025-03-31 | Rs6.59 Billion ≈ $71.28 Million |
+159.75% |
| 2024-03-31 | Rs2.54 Billion ≈ $27.44 Million |
+35.61% |
| 2023-03-31 | Rs1.87 Billion ≈ $20.24 Million |
+119.60% |
| 2022-03-31 | Rs852.14 Million ≈ $9.22 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sanstar Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs364.50 Million | 5.25% |
| Other Components | Rs6.57 Billion | 94.75% |
| Total Equity | Rs6.94 Billion | 100.00% |
Sanstar Ltd Competitors by Market Cap
The table below lists competitors of Sanstar Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Etoiles Capital Group Co., Ltd. Class A Ordinary Shares
NASDAQ:EFTY
|
$226.95 Million |
|
AS Tallinna Vesi
F:A1T
|
$227.00 Million |
|
Prim S.A.
MC:PRM
|
$227.13 Million |
|
Holiday Entertainment Co Ltd
TW:9943
|
$227.15 Million |
|
Innovate Corp
NYSE:VATE
|
$226.86 Million |
|
AME Elite Consortium Bhd
KLSE:5293
|
$226.86 Million |
|
Fujian Sanmu Group Co Ltd
SHE:000632
|
$226.84 Million |
|
Nucleus Software Exports Limited
NSE:NUCLEUS
|
$226.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sanstar Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 6,591,400,000 to 6,939,300,000, a change of 347,900,000 (5.3%).
- Net income of 344,500,000 contributed positively to equity growth.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs344.50 Million | +4.96% |
| Other Changes | Rs3.40 Million | +0.05% |
| Total Change | Rs- | 5.28% |
Book Value vs Market Value Analysis
This analysis compares Sanstar Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.62x to 3.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | Rs4.68 | Rs115.12 | x |
| 2023-03-31 | Rs10.27 | Rs115.12 | x |
| 2024-03-31 | Rs13.92 | Rs115.12 | x |
| 2025-03-31 | Rs38.83 | Rs115.12 | x |
| 2026-03-31 | Rs38.09 | Rs115.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sanstar Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.39%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.16x
- Recent ROE (4.96%) is below the historical average (15.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 18.68% | 3.16% | 2.43x | 2.43x | Rs74.00 Million |
| 2023 | 22.34% | 3.47% | 3.27x | 1.97x | Rs230.92 Million |
| 2024 | 26.31% | 6.19% | 2.04x | 2.08x | Rs413.90 Million |
| 2025 | 6.64% | 4.65% | 1.24x | 1.15x | Rs-221.15 Million |
| 2026 | 4.96% | 4.39% | 0.98x | 1.16x | Rs-349.43 Million |
Industry Comparison
This section compares Sanstar Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $11,777,939,056
- Average return on equity (ROE) among peers: 20.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sanstar Ltd (SANSTAR) | Rs6.94 Billion | 18.68% | 0.16x | $226.89 Million |
| Archean Chemical Industries Limited (ACI) | $19.33 Billion | 5.53% | 0.38x | $700.22 Million |
| The Andhra Sugars Limited (ANDHRSUGAR) | $6.35 Billion | 17.21% | 1.15x | $123.89 Million |
| Bhansali Engineering Polymers Limited (BEPL) | $10.02 Billion | 17.96% | 0.10x | $288.13 Million |
| Chemplast Sanmar Limited (CHEMPLASTS) | $2.46 Billion | 7.18% | 2.72x | $384.86 Million |
| DCW Limited (DCW) | $3.75 Billion | 18.05% | 1.78x | $190.02 Million |
| Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) | $62.54 Billion | 14.93% | 1.10x | $2.08 Billion |
| DIAMINES AND CHEMICALS ORD (BSE) (DIAMINESQ) | $210.14 Million | 44.52% | 1.62x | $26.51 Million |
| DMCC SPECIALITY CHEMICALS LIMITED (DMCC) | $1.98 Billion | 3.50% | 1.02x | $67.27 Million |
| Epigral Ltd. (EPIGRAL) | $10.69 Billion | 33.05% | 1.28x | $532.76 Million |
| Foseco India Limited (FOSECOIND) | $451.96 Million | 44.18% | 0.86x | $423.21 Million |
About Sanstar Ltd
Sanstar Limited manufactures and sells plant-based specialty products and ingredient solutions in India and internationally. It provides 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. The company also offers native maize starch,… Read more