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Sakuma Exports Limited (SAKUMA)

₹1.48 -1.33% last close, 16 Oct

📊 NSE: SAKUMA 🏢 Trading & Distributors 📢 Latest filing: 30 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Sakuma Exports' revenue was ₹333 Cr (-11.3% year on year, -53.4% on the previous quarter), and net profit ₹2.8 Cr (+70.5% year on year); the operating margin was 0.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹333	-11.3%	-53.4%
Operating profit	₹0.7	-69.5%	-91.2%
Net profit	₹2.8	+70.5%	-56.8%
EPS (₹)	0.02	+100.0%	-50.0%
Operating margin	0.2%	—	—

Full quarterly financials → Results calendar →

SAKUMA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 69.21% of the SAKUMA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 70.74%. That is close to its usual level. Turnover was only ₹14 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.

69.21%Delivery, 16 Oct

70.74%Own 20-session average

1.0×Volume vs its average

₹1.48NSE close · -1.33%

Delivery in the last 5 sessions: 65.0% · 75.3% · 68.7% · 70.4% · 69.2%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Sakuma Exports Shareholders Approve FY26 Financials and Director Re-Appointment at 21st AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Sep 2026, 06:41 PM

Sakuma Exports Limited has submitted the scrutinizer's report and voting results for its 21st Annual General Meeting held on September 29, 2026. Shareholders approved all resolutions with over 99.99% majority, including the adoption of FY26 standalone and consolidated financial statements. In addition, the re-appointment of retiring director Vivek Grover was approved. A total of over 51.31 crore votes were cast electronically across the resolutions.

Adoption of FY26 audited standalone and consolidated financial statements approved with 99.9997% votes in favour (51,31,52,739 votes)
Re-appointment of retiring director Vivek Grover approved with 99.9993% votes in favour (51,31,50,728 votes)
Total votes exercised were 51,31,54,139 across remote e-voting and AGM venue e-voting
Only 1,400 votes (0.0003%) and 3,461 votes (0.0007%) were cast against Resolution 1 and Resolution 2 respectively

💡 Track the upcoming Q2 FY27 earnings release and operational updates regarding trading diversification into maize and ethanol supply.

Sakuma Exports Submits Board Resolution Clarification for Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 23 Sep 2026, 12:04 PM

Sakuma Exports Limited has responded to an exchange clarification under Regulation 33 of SEBI LODR regarding its financial results for the quarter ended June 30, 2026. The submission provides the certified true copy of the Board resolution passed on August 13, 2026, which approved the standalone and consolidated unaudited financial results. The consolidated results consolidate four overseas subsidiaries across the UAE, Singapore, Bahrain, and the UK. The statutory auditors, M/s. Ramesh M Sheth & Associates, issued an unmodified limited review report without qualifications.

Clarification submitted for the quarter ended 30th June, 2026 under Regulation 33 of SEBI LODR
Board meeting approving the results was held on 13.08.2026
Consolidated results cover 4 overseas subsidiaries (UAE, Singapore, Bahrain, UK)
Limited review report by M/s. Ramesh M Sheth & Associates contains no qualifications

💡 Track subsequent exchange communications to ensure the clarification is formally marked as resolved, and monitor Q2 FY27 performance.

Sakuma Exports Sets AGM Book Closure (Sep 24–29) and E-Voting Cut-Off Date on Sep 23, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 02:47 PM

Sakuma Exports Limited has announced its book closure and e-voting schedule for the upcoming Annual General Meeting. The register of members and share transfer books will remain closed from September 24, 2026, to September 29, 2026. The cut-off date to determine shareholder eligibility for e-voting is fixed as September 23, 2026. Remote e-voting opens on September 26, 2026, at 9:00 AM and concludes on September 28, 2026, at 5:00 PM.

Book closure period: September 24, 2026 to September 29, 2026 (both days inclusive)
Cut-off date for e-voting eligibility set to September 23, 2026
E-voting starts on September 26, 2026 at 9:00 AM and ends on September 28, 2026 at 5:00 PM
E-voting platform managed by Bigshare Services Private Limited

💡 Shareholders holding shares as of the September 23, 2026 cut-off date can participate in the AGM e-voting; watch for the formal AGM notice and resolutions proposed.

Sakuma Exports Schedules 21st AGM for September 29, 2026; Sets Cut-off Date as September 23

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 02:36 PM

Sakuma Exports Limited has issued the notice for its 21st Annual General Meeting (AGM), scheduled to take place on Tuesday, September 29, 2026, at 11:00 AM via video conferencing. The cut-off date for determining shareholder eligibility for remote e-voting is Wednesday, September 23, 2026. The Register of Members and Share Transfer Books will be closed from September 24, 2026, to September 29, 2026. Key agenda items include adopting the audited standalone and consolidated financial statements for FY26 and the re-appointment of retiring director Mr. Vivek Grover.

21st Annual General Meeting scheduled for September 29, 2026, at 11:00 AM IST via Video Conferencing
Cut-off date for remote e-voting eligibility set as September 23, 2026
Book closure period defined from September 24, 2026, to September 29, 2026 (both days inclusive)
Ordinary business includes adoption of FY26 audited accounts and re-appointment of director Mr. Vivek Grover

💡 Eligible shareholders as on September 23, 2026, can participate in remote e-voting or attend the AGM via VC. Track the voting results disclosure within 2 working days post-AGM.

Sakuma Exports Schedules AGM for Sep 29, 2026; Reappoints Internal Auditor

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Aug 2026, 12:35 PM

Sakuma Exports announced the outcome of its Board meeting held on August 29, 2026. The Board approved the draft AGM notice and scheduled the Annual General Meeting for September 29, 2026, via video conferencing. The register of members and share transfer books will remain closed from September 24 to September 29, 2026. Additionally, M/s Mehta Singhvi & Associates was re-appointed as the Internal Auditor for FY 2026-27 and onwards.

Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026 at 11:00 AM
Book closure period fixed from September 24, 2026 to September 29, 2026 (both days included)
Re-appointment of M/s Mehta Singhvi & Associates as Internal Auditor for FY 2026-27 and onwards
Approval of the Board's Report along with annexures for the financial year ended March 31, 2026

💡 Track the upcoming AGM resolutions and watch for subsequent Q2 FY27 earnings disclosures to assess commodity trading margins.

Sakuma Exports Q1 PAT Rises 70% YoY to ₹2.82 Cr Despite 11% Revenue Decline

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 04:50 PM

Sakuma Exports reported a consolidated net profit of ₹2.82 Cr for Q1 FY27, marking a 70.6% increase from ₹1.65 Cr in the year-ago period. However, consolidated revenue from operations fell 11.3% YoY to ₹333.32 Cr, and sequentially dropped 53.3% from the ₹714.68 Cr reported in Q4 FY26. The company continues to operate on razor-thin margins, with total expenditure consuming 99.9% of operational revenue. Finance costs saw a notable reduction, falling to ₹0.13 Cr from ₹0.80 Cr YoY.

Consolidated Net Profit grew 70.6% YoY to ₹2.82 Cr compared to ₹1.65 Cr in June 2025.
Consolidated Revenue from operations declined 11.3% YoY to ₹333.32 Cr from ₹375.67 Cr.
Finance costs decreased by 83.7% YoY to ₹0.13 Cr from ₹0.80 Cr.
Total expenditure for the quarter stood at ₹333.27 Cr, nearly matching the revenue from operations.
Earnings Per Share (EPS) for the quarter remained low at ₹0.02 (not annualized).

💡 Investors should monitor the company's ability to scale its new maize trading segment and manage the impact of government export restrictions on sugar. The primary focus remains on whether the company can improve its operating margins, which currently sit below 1%.

Sakuma Exports Reports Zero Dematerialization Requests for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jul 2026, 02:50 PM

Sakuma Exports Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent (RTA), Bigshare Services Pvt. Ltd., confirmed that no requests for the dematerialization of equity shares were received during the quarter. This filing is a standard procedural requirement to ensure the integrity of the shareholding records between the company and the depositories.

Zero (0) dematerialization requests were received during the period from April 1, 2026, to June 30, 2026
The compliance certificate was issued by the RTA, Bigshare Services Pvt. Ltd., on July 7, 2026
The filing pertains to the quarter ended June 30, 2026, as per SEBI regulatory requirements

💡 No action is required as this is a routine administrative filing. Investors should monitor upcoming quarterly financial results for material business updates.

Trading Window Closure from July 1, 2026, for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 07:16 PM

Sakuma Exports Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are made public. This filing is administrative and does not reflect changes in the company's business fundamentals.

Trading window closure begins on July 1, 2026
Closure applies to the quarter ended June 30, 2026
Window reopens 48 hours after the declaration of Unaudited Financial Results
Company operates with a thin TTM net profit margin of approximately 0.6%

💡 Monitor the exchange for the upcoming board meeting date announcement, which will specify when the Q1 FY2027 results will be released.

Sakuma Exports FY26 Consolidated Net Profit Declines 35.7% to ₹9.51 Crore; Revenue Down 25.4%

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 30 May 2026, 02:14 PM

Sakuma Exports reported a challenging fiscal year 2026, with consolidated revenue from operations falling 25.4% to ₹1,708 crore compared to ₹2,289 crore in FY25. Annual consolidated net profit dropped by 35.7% to ₹9.51 crore from ₹14.79 crore in the previous year, reflecting margin pressures in the agro-trading business. However, the fourth quarter showed a recovery in profitability, with Q4 net profit rising to ₹6.52 crore from ₹4.50 crore YoY, despite a slight dip in quarterly revenue. The company maintains a single-segment focus on agro-product trading and received an unmodified audit opinion.

Consolidated annual revenue decreased by 25.4% YoY to ₹1,708.00 crore in FY26.
Full-year consolidated net profit fell to ₹9.51 crore from ₹14.79 crore in the previous fiscal.
Q4 FY26 consolidated net profit grew 45% YoY to ₹6.52 crore, showing a strong end to the year.
Earnings Per Share (EPS) for the full year declined to ₹0.06 from ₹0.09.
Standalone cash and cash equivalents improved to ₹37.36 crore at year-end from ₹23.37 crore.

💡 Investors should exercise caution as the significant annual decline in revenue and profit suggests a difficult operating environment for agro-exporters. While the Q4 recovery is a positive sign, it is essential to monitor if this momentum continues into FY27 before making new positions.

Sakuma Exports Files Routine SEBI Compliance Certificate for Q4 Ended March 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Apr 2026, 06:32 PM

Sakuma Exports Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Bigshare Services Pvt. Ltd., confirms that no dematerialization requests were received for the company's equity shares during the quarter. This filing covers the period from January 1, 2026, to March 31, 2026. Such filings are standard procedural requirements for all listed companies in India to maintain accurate shareholding records.

Compliance certificate submitted for the quarter ended March 31, 2026.
Registrar and Share Transfer Agent (RTA) Bigshare Services Pvt. Ltd. confirmed zero dematerialization requests.
The reporting period for the certificate is from January 1, 2026, to March 31, 2026.
The filing ensures adherence to SEBI (Depositories and Participants) Regulations, 2018.

💡 This is a routine regulatory disclosure with no impact on the company's financial performance or business operations. No action is required from investors.

Sakuma Exports Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Mar 2026, 03:14 PM

Sakuma Exports Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of audited financial results. The window will remain closed until 48 hours after the declaration of the financial results for the quarter ended March 31, 2026. This is a standard regulatory procedure for listed companies to prevent insider trading during the finalization of quarterly earnings.

Trading window closure for designated persons starts on April 1, 2026.
Closure is in anticipation of the Audited Financial Results for the quarter ended March 31, 2026.
The window will reopen 48 hours after the financial results are officially declared to the exchanges.

💡 This is a routine regulatory filing with no direct impact on the company's fundamentals. Investors should monitor the upcoming Q4 FY2026 results for actual performance indicators.

Sakuma Exports Responds to NSE Query on Q3 FY26 Financial Results Signatory

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 13 Mar 2026, 12:34 PM

Sakuma Exports Limited has addressed a clarification sought by the National Stock Exchange regarding its financial results for the quarter ended December 31, 2025. The company confirmed that Director Mrs. Shipra Malhotra was duly authorized by a Board resolution passed on February 14, 2026, to sign the standalone and consolidated results. The filing also reiterated that the limited review report from statutory auditors, M/s. Ramesh M Sheth & Associates, contained no qualifications. This response ensures compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.

Clarification provided for financial results for the quarter ended December 31, 2025
Board resolution dated February 14, 2026, authorized Director Shipra Malhotra to sign results
Statutory auditors M/s. Ramesh M Sheth & Associates issued a report with no qualifications
Consolidated results cover four international subsidiaries in UAE, Singapore, Bahrain, and the UK

💡 No action is required as this is a procedural compliance matter regarding signatory authority. Investors should focus on the actual financial performance disclosed in the Q3 results rather than this administrative update.

Sakuma Exports Q3 Standalone Net Profit Declines 33% YoY to ₹1.65 Crore

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 14 Feb 2026, 04:52 PM

Sakuma Exports reported a weak year-on-year performance for Q3 FY26, with standalone revenue from operations falling 24.2% to ₹36,109.87 Lakhs. Standalone net profit for the quarter dropped 33.2% YoY to ₹165.24 Lakhs from ₹247.39 Lakhs in the previous year. While the company saw a strong sequential (QoQ) recovery in revenue and profit compared to Q2 FY26, the nine-month performance remains significantly lower than the previous year, with 9M net profit down 59%. The company also noted the implementation of New Labour Codes effective November 2025, though no material impact is currently expected.

Standalone revenue from operations decreased 24.2% YoY to ₹36,109.87 Lakhs in Q3 FY26.
Standalone Net Profit for the quarter fell 33.2% YoY to ₹165.24 Lakhs.
Nine-month (9M FY26) standalone net profit witnessed a sharp decline of 59% to ₹366.26 Lakhs compared to ₹892.86 Lakhs in 9M FY25.
On a sequential basis, revenue grew 42% from ₹25,430.84 Lakhs in Q2 FY26.
Earnings Per Share (EPS) for the quarter stood at ₹0.01, down from ₹0.02 in the same quarter last year.

💡 Investors should remain cautious as the significant YoY decline in revenue and profitability suggests margin pressure in the agro-trading business. Monitor the company's ability to sustain the sequential recovery seen this quarter before making new positions.

Sakuma Exports Reports Zero Demat Requests for Quarter Ended December 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jan 2026, 05:42 PM

Sakuma Exports Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Registrar Bigshare Services Pvt. Ltd., covers the period from October 1, 2025, to December 31, 2025. It confirms that no requests for the dematerialization of equity shares were received during this three-month period. This is a standard administrative filing required by Indian stock exchanges to maintain regulatory transparency.

Compliance certificate filed for the quarter ended December 31, 2025.
Registrar Bigshare Services confirmed 0 dematerialization requests were received during the period.
The reporting period spans from October 1, 2025, to December 31, 2025.
The filing ensures adherence to SEBI (Depositories and Participants) Regulations, 2018.

💡 This is a routine regulatory filing with no impact on the company's fundamentals or stock price. No action is required from investors based on this announcement.

Sakuma Exports Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Dec 2025, 06:07 PM

Sakuma Exports Limited has informed the stock exchanges regarding the closure of its trading window for all designated persons and their immediate relatives. The closure is effective from January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This restriction will remain in place until 48 hours after the declaration of the un-audited financial results for the quarter ending December 31, 2025. Such closures are standard regulatory procedures conducted by listed companies ahead of quarterly earnings announcements.

Trading window closure for designated persons starts on January 1, 2026
Closure pertains to the un-audited financial results for the quarter ended December 31, 2025
Window to remain closed until 48 hours post-announcement of financial results
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming earnings release for actual financial performance.

View All SAKUMA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated operating income grew 7.76% YoY from INR 2,124.7 Cr in FY2024 to INR 2,289.6 Cr in FY2025. Sugar trading remains the primary revenue contributor, though institutional sales to domestic companies like Britannia and ITC are growing rapidly following the October 2023 sugar export ban.

Geographic Revenue Split

The company operates globally with a presence in India, the Middle East, South and South East Asia, Far East, Australia, Europe, and Africa. A significant portion of revenue is generated from sugar exports from India and other agro-commodities through overseas subsidiaries in Dubai, Singapore, Ghana, and Tanzania.

Profitability Margins

Profitability declined significantly in FY2025; PAT fell 63% from INR 40.0 Cr in FY2024 to INR 14.8 Cr in FY2025. Net profit margin (PAT/OI) dropped from 1.9% to 0.6% due to the shift from high-margin exports to lower-margin institutional domestic sales.

EBITDA Margin

Operating margin (OPBDIT/OI) moderated from 1.7% in FY2024 to 0.6% in FY2025. This thin margin is characteristic of the trading business model and was further squeezed by government restrictions on sugar exports.

Capital Expenditure

The company invested in a warehouse purchase in the Middle East during FY2022, which impacted short-term liquidity. Net worth stood at INR 707 Cr as of March 31, 2024, following equity infusions to support working capital.

Credit Rating & Borrowing

ICRA reaffirmed ratings of [ICRA]BBB (Stable) and [ICRA]A3+ on June 18, 2025. Borrowing costs are minimized through significant reliance on customer advances and creditors, maintaining a low gearing ratio of 0.15x in FY2024.

⚙️ Operational Drivers

Raw Materials

Traded commodities include Sugar (majority of revenue), Maize, Edible Oil, Pulses, Cotton, and Rice.

Import Sources

Maize is sourced directly from farmers in Eastern India. Sugar is primarily sourced from Indian mills, while other commodities are handled through subsidiaries in Dubai, Singapore, Ghana, and Tanzania.

Key Suppliers

Maize is procured directly from farmers in Eastern India during peak months (May and June). Sugar is sourced from various Indian sugar mills for both export and institutional supply.

Capacity Expansion

The company operates as a trading house rather than a manufacturer; expansion is focused on product diversification (Maize) and infrastructure (Middle East warehouse) rather than industrial capacity.

Raw Material Costs

As a trading entity, procurement costs represent the bulk of expenses. Operating margins are thin (0.6%) because the company operates on a back-to-back purchase and sale model to minimize inventory risk.

Manufacturing Efficiency

Not applicable as the company follows a trading business model. Efficiency is measured by working capital turnover and risk mitigation efficacy.

Logistics & Distribution

Distribution is global, utilizing insured storage and transportation to mitigate physical cargo risks across its niche markets in Asia, Australia, Europe, and Africa.

📈 Strategic Growth

Expected Growth Rate

7.80%

Growth Strategy

Growth is targeted through product diversification, specifically entering the maize trade to supply ethanol manufacturers. The company is also expanding its domestic institutional segment (supplying Britannia and ITC) to offset the impact of sugar export restrictions.

Products & Services

Trading services for agro-commodities including Sugar, Maize, Edible Oil, Pulses, Cotton, and Rice.

Brand Portfolio

Sakuma Exports Limited.

New Products/Services

Maize trading was introduced to complement the sugar business, sourcing in peak months (May/June) to supply ethanol manufacturers year-round.

Market Expansion

Expansion into the Middle East market was supported by a warehouse acquisition to facilitate regional trading and logistics.

Market Share & Ranking

Sakuma is recognized as one of the leading exporters of sugar from India.

🌍 External Factors

Industry Trends

The industry is shifting toward ethanol production in India, which Sakuma is capitalizing on by supplying maize to ethanol manufacturers. The industry faces high regulatory oversight regarding export quotas.

Competitive Landscape

Competes with large global agro-trading houses and domestic exporters in a highly fragmented and price-sensitive commodity market.

Competitive Moat

The moat is built on established relationships with reputed global clients and over two decades of promoter experience in agro-commodity trading. This is sustainable through robust risk mitigation policies.

Macro Economic Sensitivity

Highly sensitive to global trade disputes, sanctions, and international commodity price volatility which require dynamic sourcing and pricing strategies.

Consumer Behavior

Increasing demand from domestic institutional buyers for stable commodity supply chains, particularly in the food and energy (ethanol) sectors.

Geopolitical Risks

Geopolitical conflicts and trade barriers influence the international pricing landscape and can lead to supply chain disruptions for physical cargo.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Foreign Trade Policy 2021-2026, FEMA (Export of Goods & Services) Regulations 2015, and specific government mandates like the sugar export ban of October 2023.

Legal Contingencies

The Secretarial Audit report for FY2025 indicates no specific legal events or actions having a major bearing on the company's affairs during the audit period.

⚠️ Risk Analysis

Key Uncertainties

Regulatory risk is the primary uncertainty, as changes in Indian government policies regarding sugar export quotas directly impact the company's highest-margin business segment.