Sanstar (NSE:SANSTAR) ROE %: 11.81% (As of Mar. 2026) — 42% Below Median


NSE:SANSTAR Sanstar Ltd NSE:SANSTAR
39 GF Score
Price ₹125.04
! 8 Warning Signs
View Full Analysis

What is Sanstar ROE %?

Sanstar NSE:SANSTAR -1.88% 39 ROE % is 11.81% as of Mar. 2026, which is 42% below its 10-year median of 20.36. GuruFocus rates NSE:SANSTAR with a GF Score™ of 39/100. The stock has 8 warning signs investors should review. Among 1,591 Chemicals companies, Sanstar ranks worse than 50.09% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Sanstar's annualized net income for the quarter that ended in Mar. 2026 was ₹820 Mil. Sanstar's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹6,940 Mil. Therefore, Sanstar's annualized ROE % for the quarter that ended in Mar. 2026 was 11.81%.

The historical rank and industry rank for Sanstar's ROE % or its related term are showing as below:

NSE:SANSTAR' s ROE % Range Over the Past 10 Years
Min: 5.09   Med: 20.36   Max: 30.7
Current: 5.18

During the past 6 years, Sanstar's highest ROE % was 30.70%. The lowest was 5.09%. And the median was 20.36%.

NSE:SANSTAR's ROE % is ranked worse than
50.09% of 1591 companies
in the Chemicals industry
Industry Median: 5.19 vs NSE:SANSTAR: 5.18

Sanstar  (NSE:SANSTAR) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=819.6/6940.3
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(819.6 / 8671.2)*(8671.2 / 8030.4)*(8030.4 / 6940.3)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.45 %*1.0798*1.1571
=ROA %*Equity Multiplier
=10.2 %*1.1571
=11.81 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=819.6/6940.3
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (819.6 / 817.6) * (817.6 / 674.4) * (674.4 / 8671.2) * (8671.2 / 8030.4) * (8030.4 / 6940.3)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0024 * 1.2123 * 7.78 % * 1.0798 * 1.1571
=11.81 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Sanstar ROE % Related Terms


Sanstar ROE % Historical Data

* Premium members only.

The historical data trend for Sanstar's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sanstar ROE % Chart

Sanstar Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 20.61 30.70 30.29 9.60 5.09

Sanstar Quarterly Data
Mar21 Mar22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.35 -0.02 0.38 8.29 11.81

NSE:SANSTAR vs DOW: ROE % Comparison

For the Chemicals subindustry, Sanstar's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sanstar ROE % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sanstar's ROE % distribution charts can be found below:

* The bar in red indicates where Sanstar's ROE % falls into.


NSE:SANSTAR
39GF Score
Sanstar Ltd NSE:SANSTAR
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanstar ROE % Calculation

Sanstar's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=344.5/( (6591.4+6940.3)/ 2 )
=344.5/6765.85
=5.09 %

Sanstar's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=819.6/( (0+6940.3)/ 1 )
=819.6/6940.3
=11.81 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 11.81% mean?
Sanstar (NSE:SANSTAR) has a ROE % of 11.81% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Sanstar and its competitors. This is 42% below median its historical median of 20.36. Over the past decade, Sanstar's ROE % has ranged from 5.09 to 30.70. According to the industry distribution chart, Sanstar ranks #797 out of 1591 companies in the Chemicals industry, placing it in the top 50.1%.
Is Sanstar's ROE % too high?
Sanstar's current ROE % of 11.81% is 42% below median its 10-year median of 20.36. Over the past 10 years, this metric has ranged from a low of 5.09 to a high of 30.70. The Chemicals industry median ROE % is 5.19. Sanstar's value of 11.81% is 127.6% above this industry median. Based on the distribution chart, Sanstar ranks #797 out of 1591 companies in the Chemicals industry, which is below the industry midpoint. Overall, Sanstar has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Sanstar's ROE % compare to DOW?
According to the Chemicals industry distribution chart, Sanstar ranks #797 out of 1591 companies for ROE %. This places Sanstar in the lower half of its industry. The industry median ROE % is 5.19. Sanstar's value of 11.81% is 127.6% above this benchmark. Historically, Sanstar's own ROE % has ranged from 5.09 to 30.70 over the past decade. While the company's 10-year median is 20.36 vs. the industry median of 5.19, Sanstar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Chemicals company?
The median ROE % among Chemicals companies is 5.19, based on 1,591 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sanstar's current ROE % of 11.81% is 127.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Sanstar and its competitors. For the Chemicals industry, the median ROE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanstar's current ROE % is 11.81%, which is 42% below median its own 10-year median of 20.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanstar stock overvalued right now?
Sanstar (NSE:SANSTAR) has a current ROE % of 11.81%. The current ROE % is 11.81%, which is 42% below median its 10-year median of 20.36 and 127.6% above the Chemicals industry median of 5.19. Sanstar's overall GF Score™ is 39/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Sanstar (NSE:SANSTAR), the current ROE % is 11.81% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sanstar Business Description

Other Exchanges 544217:India
Address Mahalaxmi Char Rasta, Near Parimal Under Bridge, Sanstar House, Opposite Suvidha Shopping Centre, Paldi, Ahmedabad, GJ, IND, 380007
Sanstar Ltd is a manufacturer of plant-based products and ingredient solutions in India for food, animal nutrition, and other industrial applications. Its products include liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and co-products like germs, gluten, fiber, and enriched protein, amongst others. The company operates in one business segment i.e. Corn Wet Milling comprising mainly the manufacture of starches, its derivatives, and by-product. Key revenue is generated from India.
39GF Score

Get the complete analysis for NSE:SANSTAR

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹125.04
Price