KR Choksey, IPO report on Sanstar Ltd
Sanstar Limited is a leading Indian manufacturer of plant-based specialty products and ingredient solutions for food, animal nutrition, and industrial applications, producing 1,100 metric tons daily. Using a multi-step process, it converts maize into ingredients that enhance taste, texture, and functionality in foods, animal nutrition, and industrial products. As the fifth-largest maize-based product manufacturer in India, their offerings include liquid glucose, maltodextrin powder, dextrose monohydrate, starches, and co-products like germs and enriched protein. The advanced facilities in Dhule and Kutch support diverse portfolio and competitive edge in domestic and global markets.
Valuation and Outlook
We have assigned a 'SUBSCRIBE' rating for the IPO of Sanstar Ltd as the P/E ratio of 25.9x on FY24 EPS appears lucrative in light of its strong growth potential.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
