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Universal Starch-Chem Allied Ltd (524408)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524408 NSE: Consumer Food | Small Cap | Univer Starch-Chem Share Price

₹190.10 4.15 (2.23%)

As on 04-Jun'26 16:59

Universal Starch-Chem Allied Ltd (524408)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524408 NSE: Consumer Food | Small Cap | Univer Starch-Chem Share Price

₹190.10 4.15 (2.23%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹80 Cr.
Current Price
₹190.1
52-Week Low / High
₹110 / 207
TTM EPS
₹31.3
TTM Sales
₹489 Cr.
Book Value per Share
₹196.8
P/E Ratio
6.08
Lower than its 5-year historical median
Industry PE
55.5
Price to Book (P/B)
0.97
Lower than its 5-year historical median
Price to Sales (P/S)
0.16
Higher than its 5-year historical median
EV/EBITDA
3.82
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
4.71%
Underperforms industry median
Return on Capital Employed (ROCE)
9.42%
Underperforms industry median
Return on Assets (ROA)
1.43%
Operating Profit Margin
3.7%
Net Profit Margin
0.65%
Gross Profit Margin
2.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-6.87%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-8.75%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-54.08%
Asset Quality
Promoter Holding
53.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹78 Cr.
Equity
₹4.2 Cr.
Face Value
₹10
All Time Low / High
₹3.70 / 282.00

Universal Starch-Chem Allied stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Universal Starch-Chem Allied Ltd a good quality company?
Universal Starch-Chem Allied Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Universal Starch-Chem Allied Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Universal Starch-Chem Allied Ltd vs industry peers?
Universal Starch-Chem Allied Ltd revenue CAGR is 13.22%, compared to the industry median CAGR of 7.03%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Universal Starch-Chem Allied Ltd?
Promoters hold 53.86% of the Universal Starch-Chem Allied Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Universal Starch-Chem Allied Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Universal Starch-Chem Allied Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1%-4.8%9.1%12.3%8.1%15.7%22.8%13%12.9%9.4%-
Value Creation
Index
-0.9-1.3-0.4-0.1-0.40.10.6-0.1-0.1-0.3-

Growth Parameters

Sales 165214198279264296456516527491489
Sales YoY Gr.-29.6%-7.6%41%-5.4%12.4%54%13%2.2%-6.9%-
Adj EPS -4-100.63.51.615.127.413.916.17.131.3
YoY Gr.-NANA472.1%-55.3%866%82%-49.2%15.3%-55.7%-
BVPS (₹) 20.231.132.186.890.597.5124.5138.7158.5166.2196.8
Adj Net
Profit
-1.7-4.20.31.50.76.311.55.96.7313
Cash Flow from Ops. -4.113.4-7.611.210.610.734.4-0.91922.6-
Debt/CF from Ops. -8.92.2-5.85.14.561.5-83.53.83.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12.9%13.2%2.5%-6.9%
Adj EPS NA35.4%-36.2%-55.7%
BVPS26.4%12.9%10.1%4.9%
Share Price 23% 16.3% 10% 17.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-18.2-39.21.95.91.81624.710.610.84.417.2
Op. Profit
Mgn %
1.3-0.33.84.13.865.83.63.83.76.6
Net Profit
Mgn %
-1-20.10.50.32.12.51.11.30.62.7
Debt to
Equity
4.32.23.21.61.21.611.31.11.10.3
Working Cap
Days
8878926985916460687535
Cash Conv.
Cycle
-8-17-197567111820-4

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales165.35214.22197.85278.95263.80296.37456.46515.76527.13490.89
Operating Expenses + 163.20214.91190.35267.50253.85278.47430.90498.43507.02472.53
Manufacturing Costs20.0628.1628.6541.0336.2249.1180.9389.8881.1767.58
Material Costs125.67166.86141.73199.26194.03194.14297.78355.37373.84357.23
Employee Cost 5.727.207.4210.579.6611.9913.2914.4117.0817.25
Other Costs 11.7412.6812.5516.6413.9323.2338.9038.7634.9330.48
Operating Profit 2.15-0.687.5011.459.9517.8925.5517.3320.1218.36
Operating Profit Margin (%) 1.3%-0.3%3.8%4.1%3.8%6.0%5.6%3.4%3.8%3.7%
Other Income + 2.662.8112.162.211.032.322.963.101.50
Exceptional Items 0000000000
Interest 4.163.893.636.116.827.697.767.108.209.30
Depreciation 4.394.223.974.424.9344.325.095.796.28
Profit Before Tax -3.74-5.970.913.080.417.2315.808.109.224.27
Tax -2.05-1.760.661.66-0.250.874.362.202.241.06
Profit After Tax -1.69-4.220.251.420.666.3611.445.906.993.21
PAT Margin (%) -1.0%-2.0%0.1%0.5%0.3%2.2%2.5%1.1%1.3%0.7%
Adjusted EPS (₹)-4.0-10.00.63.41.615.127.214.116.67.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Univer Starch-Chem - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 8.4713.0713.5036.463840.9452.2958.2566.5769.80
Share Capital 4.204.204.204.204.204.204.204.204.204.20
Reserves 4.278.879.3032.2633.8036.7448.0954.0562.3765.60
Debt +32.2324.9736.9249.6944.5056.0745.3966.2664.0468.81
Long Term Debt20.6814.8127.8328.9126.3444.5441.1033.9629.8528.65
Short Term Debt11.5510.169.1020.7718.1611.534.2932.3034.1940.16
Minority Interest0000000000
Trade Payables38.1353.3537.2437.7054.9649.2258.9248.9661.7252.03
Others Liabilities 15.0114.1716.6724.7219.5029.1230.4430.8831.6434.88
Total Liabilities 93.85105.56104.33148.56156.96175.34187.04204.34223.97225.51

Fixed Assets

Net Fixed Assets +43.9952.5550.0188.4084.4385.6096.96101.33102.90120.92
Gross Block94.86107.51108.74151.29152.26157.01172.43181.88189.23213.53
Accumulated Depreciation50.8754.9658.7362.8967.8371.4175.4780.5586.3492.61
CWIP 00.290.640.510.543.396.285.416.901.15
Investments 0.130.440.160.150.150.400.330.340.360.38
Inventories19.2416.7415.1920.3328.6932.1621.8631.9937.7134.63
Trade Receivables19.7020.8525.2326.0130.4735.0745.7145.8453.1746.42
Cash Equivalents 3.112.422.464.723.335.883.597.567.066.61
Others Assets 7.6812.2810.638.449.3512.8412.3011.8715.8815.40
Total Assets 93.85105.56104.33148.56156.96175.34187.04204.34223.97225.51

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -4.0813.44-7.5511.1710.5810.7034.42-0.8719.0122.58
PBT -3.74-5.970.913.080.417.2315.808.109.224.27
Adjustment 8.257.117.4510.1411.4811.061212.0313.7215.33
Changes in Working Capital -4.8412.3-15.9-1.73-0.81-6.798.53-19.05-3.412.98
Tax Paid -000-0.32-0.50-0.80-1.91-1.95-0.520
Cash Flow From Investing Activity + -1.73-2.09-1.03-18.49-0.85-9.01-18.29-8.95-9.11-18.48
Capex -1.73-2.34-0.95-19.27-0.99-8.22-18.54-8.58-8.84-18.55
Net Investments 00.02-0.300.52-0.12-0.990.13-0.52-0.54-0.23
Others 00.230.230.260.270.200.120.160.260.29
Cash Flow From Financing Activity + 3.14-11.158.339.58-11.120.86-18.4213.79-10.40-4.55
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 3.14-5.8713.013.85-1.9214.79-3.42-7.12-4.09-1.22
Interest Paid 0-3.89-3.63-5.95-6.59-7.30-7.76-7.10-8.20-9.30
Dividend Paid 0000000000
Others 0-1.39-1.0611.68-2.61-6.63-7.2428.011.895.97
Net Cash Flow -2.670.20-0.252.26-1.382.55-2.293.97-0.50-0.45

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-18.19-39.151.875.671.7816.1224.5410.6811.194.71
ROCE (%)0.97-4.819.1312.258.1215.7322.7713.0412.929.42
Asset Turnover Ratio1.892.261.912.211.731.782.522.642.462.18
PAT to CFO Conversion(x)N/AN/A-30.27.8716.031.683.01-0.152.727.03
Working Capital Days
Receivable Days40.1032.9041.9033.5039.1040.4032.3032.4034.3037
Inventory Days31.7029.2029.1023.2033.9037.5021.6019.1024.1026.90
Payable Days105100.10116.7068.6087.2097.9066.3055.405458.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Universal Starch-Chem Allied Ltd FAQs

The current trading price of Univer Starch-Chem on 04-Jun-2026 16:59 is ₹190.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Univer Starch-Chem stood at ₹79.84 Cr

The latest P/E ratio of Univer Starch-Chem as of 03-Jun-2026 is 6.08.

The latest P/B ratio of Univer Starch-Chem as of 03-Jun-2026 is 0.97.

The 52-week high of Univer Starch-Chem is ₹207.0 and the 52-week low is ₹109.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Univer Starch-Chem is ₹489 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Universal Starch-Chem Allied Ltd is a average quality company.

The key valuation ratios of Universal Starch-Chem Allied Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Universal Starch-Chem Allied Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Universal Starch-Chem Allied Ltd

Universal Starch-Chem Allied Ltd. has achieved remarkable milestones during the history of last 30 years since its incorporation in 1973. The company has successfully enhanced the production capacity of Maize Refining from 60 MT to 400 MT per day.

The product range has been also successfully expanded to cater the requirements of Food, Pharmaceutical, Textile, Paper & Adhesive industries.  The process of new product development has been accomplished through the instantaneous efforts of different teams like marketing, R & D, engineering & production. The company’s R & D laboratory is recognized by D.S.I.R., Govt. of India.  The company was awarded by OPPI as the  “Best Vendor’ in the category of ‘Excipient Supplier” for the year 1998-99.  The company has an H.R.D. centre for training the staff and workers on Total Quality Management, Productivity and ISO 9000.

The company is thriving in sectors of Energy, Environment under the dynamic leadership of Management.  The company has sophisticated and full-fledged effluent treatment plant along with Bio-Digestors in which Biogas is generated from the factory effluents. The biogas is being utilized as the fuel for by-product driers and boilers and actively participating in the National Campaign of “Save Energy Save Nation”.

The company has also  established  Wind Mill to generate 0.6 M.W. power and also succeeded in establishing a Co-Generation Power plant for captive consumption.  The management is dedicated in the service of mankind with the production and supply of quality products through Maize Refining industry.

The group was founded by Hon'ble Shri Dadasaheb Rawal, the Ex-Ruler, ex-MLA & Freedom Fighter. He being a progressive minded person took the lead in updating technology, products, quality, system and transportation and delivery of the liquid products etc. In his efforts he has been first in many spheres in India like introduction of tankerisation for transport of Liquid Glucose and Dextrose Syrup.

Product range of the company includes:

  • Maize Starch Powder - IP (Super Quality)
  • Maize Starch Powder - IP (Special Quality)
  • Maize Starch Powder - (Pure)
  • Maize Starch Powder -(Best Quality)
  • Unigel - 160, 270 & 500
  • Liquid Glucose - IG & So2- free
  • Utexlose
  • White Dextrins
  • Unisol - B &T
  • Dextrose Monohydrate
  • Dextrose Anhydrous IP-r
  • Dextrose Syrup
  • High Maltose Corn Syrup
  • Caramel ( All types of BIS Mark)
  • Maize Germ
  • Maize Germ Oil Cake
  • Maize Gluten ( 60%, 50% & 40%)
  • Pepsize – 200 (Oxidized Starch)
  • Unicats 25/45 (Cationic Starch)
  • Unifilm – 10 (Esterified Starch)
  • Unistar – 65 (Amphoteric Starch)
  • Maize Refined Oil – “CORNELLO”

Milestones:

  • Supply of Liquid Glucose through tankers first time in India.
  • Pioneering production in Maharashtra of starch, DMH, DAH, LG and Refined Corn Oil for pharmaceutical and food industries.
  • Pioneering development andBulk Supply of  Modified Starches for O.N.G.C.
  • Development and supply of Pregelatinised Starch as an import  substitute for pharmaceutical industry in India.
  • Universal Starch Chem Allied Ltd. was awarded by Organisation of Pharmaceutical Producers of India as “Best Vendor” in the category of “Excipient Supplier”  for the year 1998-99.
  • Biodigestor project for producing biogas from factory effluents.
  • Power generation by wind mill

Achievements/ recognition:

  • Best Vendor Award from M/s. OPPI for the Year 1998-99
  • Environmental Pollution Control Award
  • Chairman & M.D. receiving the Best Vendor Award from OPPI for the year 1998-99
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