Sayaji Industries Ltd. Stock Analysis 540728.BO

Sayaji Industries Ltd. engages in the manufacture of starches, its derivatives and by-products, spray drying of food products and production and trading of seeds. The company is headquartered in Ahmedabad, Gujarat and currently employs 723 full-time employees. The company went IPO on 2017-10-09. The firm's segments include Agro Processing-Maize, Agri Seeds and Spray Dried Food Products. The firm is engaged in the business of manufacturing starches, modified starches as well as other derivatives like liquid glucose, dextrose monohydrate, dextrose anhydrous, sorbitol and its bye-products like maize oil, maize gluten. The company is engaged in the manufacturing of spray dried food products, such as tomato powder and other vegetable and fruit-based powders, nondairy creamer and other such spray dried products. The firm's products have applications in various industries, such as textile, pharmaceutical, food and beverage, paper and packaging, confectionary, soap and detergent, and seed. Its liquid glucose product is used in food products, such as jams, jellies, chewing gums and canned fruits to prevent spoilage. The firm's subsidiary is Sayaji Seeds LLP.