Sakuma Exports Limited is a prominent player engaged in the buying, processing, marketing, and exporting of bulk agricultural commodities. Its core products include Sugar, Edible Oils, Oil Seeds, Pulses, Cotton, and other specialty crops. Originally founded as a partnership firm in 1998, the company was incorporated as a public limited entity in August 2005. Operating from India, Sakuma Exports serves both domestic and international markets, with a primary focus on exports and imports of commodities.
The company functions as a buyer, processor, marketer, exporter, and importer of various bulk agricultural commodities. Beyond physical commodity trading, it also offers innovative financial structured products linked to these commodities. Sakuma Exports maintains a significant global presence, with operations spanning India, the Middle East, South and Southeast Asia, the Far East, Australia, Europe, and Africa.
Sakuma Exports operates through a diversified portfolio of business verticals spread across multiple continents. These verticals include:
- International Trade of Agro Commodities: This is the core business, involving the supply of sugar and by-products, oil and oilseeds, grains, spices, animal feed, and cotton to the international market.
- Petrochemicals, Petroleum, and Minerals: A segment focused on trading in these industrial commodities.
- Renewable Energy: Involvement in energy generation and related activities.
- Distribution and Supply Chain Management: Services aimed at optimizing the flow of goods.
Within its International Trade of Agro Commodities business, Sakuma Exports is a key supplier of various agro-products. The company also operates through two distinct segments:
1. Manufacturing & Trading of Commodities: Encompassing the buying, processing, and selling of agricultural and other commodities.
2. Sale of Power: Including wind power generation.
The company possesses two windmills in Kutch, Gujarat, with a combined capacity of 1.2 Megawatts. Sakuma Exports has established itself as a leading global merchant of grains, connecting producers and users worldwide. It sources, stores, trades, processes, and distributes grains such as rice, wheat, corn, barley, millet, and sorghum. Additionally, the company has expertise in handling various oilseeds, including Sesame seeds, groundnut kernels, sunflower seeds, and Safflower seeds, undertaking both imports and exports.
Sakuma Exports is recognized as one of the leading movers of pulses and beans, supplying significantly to consumers in India, Bangladesh, Pakistan, Colombo, Indonesia, Turkey, Egypt, and the UAE. Its key sourcing markets include Canada, Ukraine, the African continent, Australia, Indonesia, and Myanmar. The company also trades in Molasses and ENA, primarily sourced from India.
SEL has garnered several accolades for its export activities:
- In January 2001, the Agriculture and Processed Food Products Export Development Authority (Ministry of Commerce, Government of India) recognized Sakuma Exports as a Merchant Exporter.
- The company received a Certificate of Recognition as an Export House in May 2002.
- It obtained a Registration Cum Membership Certificate from the Federation of Indian Export Organisations in October 2003.
Sakuma Exports Ltd commanded a market capitalization of ₹525 Crore as of May 9, 2025. According to Value Research, it is classified as a Small Cap company. The company's shares are traded on both the NSE and BSE under the stock symbol SAKUMA.
- P/B Ratio: 0.75 times (as of May 9, 2025), representing a 51% discount to its peers' median of 1.52 times.
- P/E Ratio: 14.46 times (as of May 9, 2025), showing a 38% discount to its peers' median of 23.23 times.
- Dividend Yield: The current dividend yield for Sakuma Exports Ltd is 0.24%.
- Revenue (TTM): $271 Million as of March 31, 2025.
- Profit After Tax (TTM): ₹36 Crore as of March 31, 2025.
- Quarterly Revenue (Q4 FY24): ₹477.68 Crore (as of December 2024).
- Quarterly Net Profit (Q4 FY24): ₹3.37 Crore (as of December 2024).
Recent quarterly performance indicates mixed results:
- December 2024 Quarter (Q4 FY24): Net profit declined by 47.75% to ₹3.37 Crore compared to ₹6.45 Crore in the December 2023 quarter. Sales also decreased by 38.53% to ₹477.68 Crore from ₹777.07 Crore in the same period last year.
- June 2024 Quarter (Q2 FY24): The company showed an improvement, with net profit rising 19.29% to ₹5.69 Crore from ₹4.77 Crore in the June 2023 quarter. Sales increased significantly by 53.44% to ₹740.64 Crore from ₹482.70 Crore year-on-year.
- Sales Growth: The company has experienced a poor sales growth of -2.10% over the past five years.
- Return on Equity (ROE): Over the last 3 years, ROE has been low at 5.13%.
- Shareholder Returns: Sakuma Exports Ltd has delivered a return of -2.09% in the last 3 years.
- Revenue CAGR: The compound annual growth rate for Sakuma Exports Ltd's revenue over the last 8 years has been -5%. The projected CAGR for the next 7 years is 0%.
- Net Income CAGR: Over the last 8 years, the compound annual growth rate for Sakuma Exports Ltd's net income has been 3%. The projected CAGR for the next 7 years is -3%.
- Chairperson: Saurabh Malhotra
- Promoter Holding: Promoter holding has decreased by -15.6% over the last 3 years.
- Dividend: In the quarter ending March 2024, Sakuma Exports Ltd declared a dividend of ₹0.05, translating to a dividend yield of 1.63%.
- Recent Board Actions (May 2025): Reported FY25 audited results; no dividend declared; appointed a secretarial auditor for 5 years.
The company maintains transparency in its operations through regular disclosure of financial results and adherence to regulatory requirements. Sakuma Exports Ltd continues to navigate the challenging commodity trading landscape, maintaining its position as a significant player in the agricultural commodities export market. Its diversified business model across multiple geographies and commodity segments provides resilience, although recent financial performance highlights the need for strategic improvements to enhance shareholder value.
