Trading · Founded 1993 · www.sanbluecorporation.com · BSE 521222 · · ISIN INE602D01027
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Business
Sanblue Corporation Ltd. is an Indian company primarily engaged in the trading and marketing of various goods and commodities. Its core business model involves sourcing products from manufacturers and suppliers and distributing them to a diverse customer base, both domestically and internationally. The company makes money through the margins earned on the purchase and sale of these goods, leveraging its supply chain, logistics capabilities, and distribution network. Key product categories traded include textile products, agricultural commodities, metals, and industrial goods.
Revenue Mix
The company's primary revenue segment is "Trading of Goods." While it deals in a diverse range of products such as textile products, agricultural commodities, metals, and industrial goods, detailed percentage breakdowns of revenue contribution from each specific commodity type are typically not disclosed in public summary reports. The revenue is generally consolidated under its core trading activities.
Industry
Sanblue Corporation operates within India's highly fragmented and competitive trading industry. This industry is characterized by numerous players, thin margins, high volume requirements, and sensitivity to commodity price fluctuations, supply chain efficiency, and global trade dynamics. Sanblue Corporation appears to be a relatively smaller participant focusing on a diversified portfolio of goods, rather than deep specialization in a single niche. Its positioning relies on its ability to efficiently source and distribute a variety of products, manage relationships, and execute timely trades in a cost-effective manner.
MOAT
For a general trading company like Sanblue Corporation, establishing a durable competitive advantage or "moat" is challenging. It does not appear to possess unique intellectual property, strong brand equity, proprietary technology, or significant economies of scale that would create substantial barriers to entry. Its competitive edge likely stems from its existing supplier and customer relationships, operational efficiency in logistics and supply chain management, and market knowledge in its chosen product categories. However, these factors are generally replicable and may not constitute a strong, long-lasting moat.
Growth Drivers
Economic Growth: Overall economic expansion in India and its international trading partners can drive increased demand for traded goods, boosting volumes and potentially margins.
Product Portfolio Expansion: Venturing into new, high-demand commodity types or expanding the depth of existing product lines.
Geographic Expansion: Increasing reach into new domestic markets or exploring international trade opportunities.
Supply Chain Optimization: Enhancing efficiency in sourcing, logistics, and distribution to improve cost-effectiveness and delivery times.
Strategic Partnerships: Collaborations with key manufacturers, suppliers, or large distributors to secure better terms or exclusive access.
Risks
Commodity Price Volatility: Fluctuations in the prices of traded goods can significantly impact inventory values, gross margins, and profitability.
Supply Chain Disruptions: Issues such as raw material shortages, transportation delays, or geopolitical events can disrupt sourcing and distribution.
Intense Competition: The fragmented nature of the trading industry leads to constant price competition and pressure on margins.
Credit Risk: Risk of non-payment or delayed payments from customers, especially in bulk trading scenarios.
Foreign Exchange Risk: For international trades, adverse currency movements can affect profitability.
Regulatory and Trade Policy Changes: Changes in government policies, import/export duties, tariffs, or trade agreements can impact operations and costs.
Management & Ownership
Sanblue Corporation Ltd. is primarily managed by its promoter group, which holds a significant ownership stake (e.g., typically over 60%). As of recent filings (Dec 31, 2023), the Promoter & Promoter Group holding was 66.82%. This high promoter holding indicates direct involvement in the company's operations and a strong alignment of interests between the management and shareholders. Information regarding the specific track record or independent oversight structure of the board is less publicly detailed for smaller companies.
Outlook
Sanblue Corporation operates in a fundamental, albeit competitive, sector of the economy. The company's diversified trading portfolio across textiles, agriculture, metals, and industrial goods offers some resilience against downturns in any single commodity market. Sustained economic growth in India and its trading partners could provide tailwinds, driving demand and trading volumes. The company's future performance will heavily rely on its ability to maintain efficient supply chains, effectively manage commodity price risks, and leverage its existing customer and supplier relationships to secure profitable trades. However, the absence of a strong competitive moat exposes it to continuous margin pressure from numerous competitors and the inherent volatility of commodity markets. Any significant disruption in global trade, sharp adverse commodity price movements, or intensified competition could challenge its profitability and growth trajectory.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 0 | 0 | 0 | 2 | 0 | 0 | 2 | 1 | 2 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 0 | 0 | 0 | 2 | 0 | 1 | 2 | 1 | 2 |
| Total Expenditure | 1 | 0 | 0 | 0 | 2 | 0 | 0 | 2 | 1 | 2 |
| Operating Profit | -0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 |
| Provision for Tax | -0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 |
| Adjustments | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | -0 |
| Profit After Adjustments | -0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 |
| Adjusted Earnings Per Share | -0 | -0.1 | 0.5 | 0.3 | -0 | -0.1 | 0.4 | 0.3 | -0.1 | -0.1 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 3 | 2 | 6 | 3 | 0 | 0 | 1 | 4 | 1 | 2 | 3 | 5 |
| Other Income | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| Total Income | 6 | 2 | 7 | 3 | 0 | 0 | 2 | 5 | 2 | 2 | 4 | 6 |
| Total Expenditure | 3 | 2 | 7 | 3 | 1 | 1 | 1 | 4 | 2 | 2 | 3 | 5 |
| Operating Profit | 3 | -0 | -0 | -0 | -0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | -0 | -0 | -0 | -0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Provision for Tax | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Tax | 2 | -0 | -0 | -0 | -0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | -0 | -0 | -0 | -0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 4.5 | -0.4 | -0.2 | -0.5 | -0.5 | -0.6 | 0.2 | 1.4 | 0.5 | 0.7 | 0.4 | 0.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 50% | -9% | 0% | 0% |
| Operating Profit CAGR | 0% | -100% | 0% | -100% |
| PAT CAGR | 0% | -100% | 0% | -100% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -29% | 0% | 8% | 24% |
| ROE Average | 0% | 1% | 1% | 3% |
| ROCE Average | 0% | 1% | 1% | 4% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 7 | 8 | 14 | 11 | 10 | 18 | 42 | 41 | 56 | 53 | 34 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 1 | 0 | 0 | 2 | 6 | 5 | 8 | 8 | 4 |
| Total Current Liabilities | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Total Liabilities | 8 | 9 | 16 | 12 | 10 | 20 | 48 | 46 | 65 | 60 | 38 |
| Fixed Assets | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Other Non-Current Assets | 6 | 8 | 15 | 11 | 10 | 19 | 47 | 44 | 62 | 57 | 35 |
| Total Current Assets | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 2 |
| Total Assets | 8 | 9 | 16 | 12 | 10 | 20 | 48 | 46 | 65 | 60 | 38 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 |
| Cash Flow from Operating Activities | -1 | -0 | -1 | -0 | -0 | -0 | -1 | 0 | -1 | -0 | -2 |
| Cash Flow from Investing Activities | 1 | -0 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 0 |
| Cash Flow from Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | 0 | -1 | 0 | -0 | 0 | 0 | -0 | 1 | 0 | 1 | -2 |
| Closing Cash & Cash Equivalent | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 0 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 4.54 | -0.37 | -0.21 | -0.53 | -0.48 | -0.6 | 0.17 | 1.38 | 0.51 | 0.66 | 0.38 |
| CEPS(Rs) | 4.54 | -0.33 | -0.17 | -0.49 | -0.45 | -0.57 | 0.21 | 1.42 | 0.54 | 0.69 | 0.41 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 14.11 | 16.84 | 28.4 | 22.19 | 20.7 | 36.07 | 83.17 | 81.58 | 112.93 | 105.55 | 68.58 |
| Core EBITDA Margin(%) | -2.54 | -12.58 | -3.09 | -9.37 | -126.38 | -109.75 | -24.88 | -6.88 | -19.96 | -19.29 | -9.85 |
| EBIT Margin(%) | 85.74 | -9.83 | -1.59 | -8.36 | -97.98 | -109.93 | 7.11 | 18.25 | 24.71 | 24.16 | 5.75 |
| Pre Tax Margin(%) | 85.73 | -10.48 | -1.6 | -8.37 | -99.18 | -110.41 | 7.1 | 18.24 | 24.7 | 23.88 | 5.75 |
| PAT Margin (%) | 69.12 | -10.52 | -1.6 | -8.37 | -99.18 | -110.41 | 7.1 | 18.24 | 18.07 | 19.7 | 5.97 |
| Cash Profit Margin (%) | 69.12 | -9.61 | -1.34 | -7.83 | -91.92 | -104.03 | 8.61 | 18.72 | 19.3 | 20.64 | 6.46 |
| ROA(%) | 35.93 | -2.19 | -0.83 | -1.93 | -2.19 | -1.99 | 0.25 | 1.46 | 0.46 | 0.53 | 0.39 |
| ROE(%) | 38.3 | -2.36 | -0.91 | -2.08 | -2.24 | -2.12 | 0.29 | 1.68 | 0.52 | 0.6 | 0.44 |
| ROCE(%) | 47.51 | -2.21 | -0.9 | -2.07 | -2.22 | -2.11 | 0.28 | 1.66 | 0.71 | 0.74 | 0.42 |
| Receivable days | 42.36 | 0 | 0 | 0 | 0 | 383.19 | 235.08 | 60.68 | 22.24 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 42.81 | 81.02 | 1.24 | 2.56 | 22.47 | 155 | 38.51 | 2.83 | 7.16 | 4.82 | 2.16 |
| PER(x) | 1.18 | 0 | 0 | 0 | 0 | 0 | 152.94 | 18.95 | 101.68 | 66.74 | 82.47 |
| Price/Book(x) | 0.38 | 0.23 | 0.15 | 0.33 | 0 | 0.39 | 0.31 | 0.32 | 0.46 | 0.42 | 0.46 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.62 | 1.05 | 0.27 | 1.14 | 20.44 | 26.08 | 11.62 | 3.05 | 17.21 | 11.66 | 4.85 |
| EV/Core EBITDA(x) | 0.72 | -11.76 | -20.57 | -14.61 | -22.53 | -25.19 | 134.75 | 16.28 | 66.34 | 46.45 | 77.73 |
| Net Sales Growth(%) | 7071.43 | -47.05 | 268.63 | -50.97 | -92.27 | 12.49 | 338.88 | 215.86 | -62.94 | 19.38 | 90.34 |
| EBIT Growth(%) | 0 | -106.07 | 40.23 | -157 | 9.41 | -26.21 | 128.4 | 710.33 | -49.83 | 16.74 | -54.75 |
| PAT Growth(%) | 0 | -108.06 | 43.9 | -156.39 | 8.45 | -25.23 | 128.21 | 711.88 | -63.3 | 30.12 | -42.29 |
| EPS Growth(%) | 0 | -108.06 | 43.9 | -156.39 | 8.45 | -25.23 | 128.21 | 711.94 | -63.3 | 30.14 | -42.3 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 2.98 | 6.06 | 15.87 | 1.98 | 3.84 | 1.19 | 1.35 | 57.73 | 59.05 | 68.13 | 49.67 |
| Quick Ratio(x) | 2.98 | 6.06 | 15.87 | 1.98 | 3.84 | 1.19 | 1.35 | 57.73 | 59.05 | 68.13 | 49.67 |
| Interest Cover(x) | 8172.82 | -15.18 | -255.25 | -656 | -81.97 | -230.77 | 426 | 2301.33 | 3464 | 84.25 | 0 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.07 | 0 | 0 | 0 | 0 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +50% | -9% | — | 0% |
| Operating Profit CAGR | — | -100% | — | -100% |
| PAT CAGR | — | -100% | — | -100% |
| Share Price CAGR | -29% | 0% | +8% | +24% |
| ROE Average | 0% | +1% | +1% | +3% |
| ROCE Average | 0% | +1% | +1% | +4% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 | 66.81 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 | 33.19 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
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