Synopsis:
Sayaji Industries Limited’s board approves a 1:3 bonus issue, granting shareholders three new ₹5 equity shares for every one share held.
This micro-cap FMCG stock is a leading Indian manufacturer of starches, modified starches, and derivatives, serving diverse industries including food, textile, and pharmaceuticals, and hit a 5 percent upper circuit after the board approved a 1:3 bonus share issue.
With a market capitalization of Rs. 173.36 crores, the shares of Sayaji Industries Limited hit a 5 percent upper circuit of Rs. 274.30 per share on Monday, up from its previous closing price of Rs. 261.25 per share.
What is the news?
Sayaji Industries Limited’s Board of Directors has approved issuing bonus shares in the ratio of 1:3, meaning shareholders will receive three new fully paid-up Equity Shares of Rs. 5 each for every one existing fully paid-up equity share held, and the record date will be announced later.
Q1 FY26 Result Walkthrough
Coming into the quarterly results of Sayaji Industries Limited, the company’s consolidated revenue from operations decreased by 0.50 percent YOY, from Rs. 273.31 crore in Q1 FY25 to Rs. 271.95 crore in Q1 FY26, and grew by 10.30 percent QoQ from Rs. 246.56 crore in Q4 FY25.
In Q1 FY26, Sayaji Industries Limited’s consolidated net loss increased and reached Rs. 3.49 crore compared to Rs. 2.87 crore during the same period last year. As compared to Q4 FY25, the net loss has decreased from Rs. 7.71 crore. The basic earnings per share stood at Rs. -5.95 as against Rs. -4.58 recorded in the same quarter in the previous year, 2025.
Company Overview
Sayaji Industries Limited (SIL) is the flagship company of the Sayaji Group, established in 1941. It began as a corn wet milling unit in Ahmedabad with a modest corn crushing capacity of one ton per day, mainly serving its own textile units and others in the city.
Over more than seven decades, Sayaji Industries has developed into a front-runner in the corn wet milling industry with a significant maize grinding capacity of 750 metric tons per day, coupled with its own captive power plant.
The company manufactures starches, modified starches, and other derivatives such as liquid glucose, dextrose monohydrate, dextrose anhydrous, and sorbitol. Its products have wide applications across multiple industries, including textile, food and beverage, paper, paint, pharmaceuticals, and confectionery.
Sayaji Industries Limited (SIL) has a robust market presence with offices across India in Ahmedabad, Mumbai, Delhi, Chennai, and Kolkata, and an international office in Dubai, with a network covering Asia, the Middle East, and Africa.
Written By – Nikhil Naik
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