Sanstar Bio-Polymers Ltd: Company Overview and IPO Growth Potential

With its main office located in Ahmedabad, Gujarat, Sanstar Bio-Polymers Ltd is one of India’s top producers and exporters of starch and its derivatives. The company is well-known in the agro-based sector and specializes in creating superior starch products that are utilized in a wide range of sectors, including paper, adhesives, food and beverage, textiles, and pharmaceuticals.

Company Overview

Established in 1984, Sanstar has grown significantly over the decades, driven by innovation, quality, and customer satisfaction. The company’s product portfolio includes native starch, modified starch, liquid glucose, dextrose monohydrate, and sorbitol. Sanstar prides itself on its state-of-the-art manufacturing facilities, stringent quality control processes, and a robust R&D division that constantly works on developing new applications and improving product performance.

Financial Performance

Sanstar has grown financially, which is admirable. The company recorded ₹504.77 crores in revenue and ₹15.92 crores in profit after tax (PAT) for FY2022. The revenue skyrocketed to ₹1209.67 crores and PAT increased to ₹41.81 crores in FY2023, continuing this upward trajectory. According to IPO Watch, revenue by FY2024 was ₹1081.68 crores, with a profit after tax of ₹66.77 crores. This steady expansion demonstrates Sanstar’s capacity to grow its business and seize market opportunities.