Sukhjit Starch & Chemicals Ltd

Sukhjit Starch Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sukhjit Starch & Chemicals Ltd

₹ 497 -0.60%
25 Apr 4:03 p.m.
sukhjitgroup.com BSE: 524542 NSE : SUKHJITS
About

Sukhjit Starch & Chemicals Ltd, incorporated in 1943, is an agro-processing industry manufacturing starch & its derivatives i.e Liquid Glucose, Sorbitol, Modified Starches and by-products. [1]

Key Points

Products
Maize Starch, Monohydrate Dextrose, Sorbitol 70%, Anhydrous Dextrose, Liquid Glucose, High Maltose Syrup, MaltoDextrin Powder, Modified Starch, Maize Gluten, Maize Germ, Maize Oil, and Maize Bran (Cattle Feed). Theese are used in diverse industrial and commercial applications such as food & drink (confectionaries), paper & board, personal care & pharmaceuticals, textile, FMCG, animal and pet foods, etc. [1]
Company has a maize grinding capacity of 1600 tonnes per day and roughly holds 10% domestic market share on installed capacity.[2]

Website BSE NSE
  • Market Cap ₹ 776 Cr.
  • Current Price ₹ 497
  • High / Low ₹ 598 / 386
  • Stock P/E 13.0
  • Book Value ₹ 327
  • Dividend Yield 1.61 %
  • ROCE 16.1 %
  • ROE 15.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 26.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.2%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
178 234 213 276 315 353 361 344 339 391 322 320 361
155 210 188 241 271 305 323 306 308 356 293 290 324
Operating Profit 23 24 24 35 44 48 39 38 31 35 29 30 37
OPM % 13% 10% 11% 13% 14% 13% 11% 11% 9% 9% 9% 9% 10%
0 3 1 0 0 0 0 0 1 1 2 3 1
Interest 6 7 5 6 5 5 5 7 6 7 7 8 7
Depreciation 5 6 6 6 6 7 6 6 6 8 6 6 7
Profit before tax 13 14 14 24 33 36 27 25 20 21 17 18 23
Tax % 23% 28% 21% 24% 24% 38% 25% 24% 23% 25% 24% 24% 26%
10 10 11 18 25 23 20 19 16 16 13 14 17
EPS in Rs 6.90 7.04 7.69 12.31 17.03 14.49 13.03 11.86 9.97 10.04 8.35 8.74 11.18
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
352 418 506 531 565 652 701 741 797 699 1,157 1,435 1,394
308 368 456 467 504 601 637 648 741 634 1,005 1,292 1,263
Operating Profit 44 50 50 64 61 50 64 93 57 64 152 143 131
OPM % 12% 12% 10% 12% 11% 8% 9% 13% 7% 9% 13% 10% 9%
2 1 2 2 3 2 5 2 8 4 1 2 6
Interest 11 14 17 18 15 13 18 16 18 21 21 25 30
Depreciation 7 9 12 13 12 12 15 13 13 18 25 27 28
Profit before tax 28 28 23 34 36 28 36 66 33 30 107 93 79
Tax % 20% 24% 29% 33% 35% 33% 36% 37% -1% 25% 28% 24%
22 22 16 23 23 19 23 42 34 23 77 70 60
EPS in Rs 14.93 14.58 10.84 15.68 15.57 12.83 15.56 28.24 22.70 15.32 49.48 44.90 38.31
Dividend Payout % 15% 17% 16% 16% 16% 19% 21% 27% 9% 20% 20% 18%
Compounded Sales Growth
10 Years: 13%
5 Years: 15%
3 Years: 22%
TTM: 0%
Compounded Profit Growth
10 Years: 13%
5 Years: 27%
3 Years: 34%
TTM: -22%
Stock Price CAGR
10 Years: 16%
5 Years: 15%
3 Years: 35%
1 Year: 25%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 14%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 7 7 7 7 15 15 15 16 16 16
Reserves 144 161 174 193 212 235 252 274 306 326 409 469 496
110 160 177 165 129 106 151 151 281 244 248 301 344
39 43 47 52 61 77 96 92 107 122 109 120 135
Total Liabilities 300 371 404 418 410 425 507 533 709 706 783 905 990
113 180 198 218 221 234 232 234 233 377 381 434 421
CWIP 51 15 10 5 9 10 14 68 181 67 64 16 32
Investments 21 21 21 14 25 39 64 93 49 47 104 116 105
116 156 175 181 154 142 196 138 246 215 234 339 433
Total Assets 300 371 404 418 410 425 507 533 709 706 783 905 990

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
36 15 34 63 87 40 13 127 -51 90 141 28
-53 -38 -25 -20 -31 -29 -38 -94 -73 -41 -103 -41
13 24 -4 -32 -60 -21 25 -29 125 -49 -38 13
Net Cash Flow -4 2 6 12 -3 -10 0 3 1 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 36 42 38 38 37 34 37 30 25 33 21 20
Inventory Days 100 121 108 93 55 45 76 45 101 84 49 64
Days Payable 27 34 28 28 32 26 30 24 27 34 24 20
Cash Conversion Cycle 109 128 117 103 60 53 82 50 99 82 46 65
Working Capital Days 80 90 83 76 58 52 71 41 76 67 41 59
ROCE % 16% 14% 11% 15% 14% 12% 13% 19% 9% 8% 20% 16%

Shareholding Pattern

Numbers in percentages

12 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.11% 64.44% 64.44% 66.14% 66.14% 66.16% 66.18% 66.21% 66.21% 66.22% 66.24% 66.34%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.02% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.22% 0.00%
35.89% 35.56% 35.56% 33.86% 33.86% 33.84% 33.83% 33.78% 33.78% 33.78% 33.52% 33.66%
No. of Shareholders 6,0296,2056,1096,2966,4076,6237,1426,9858,0188,4538,76110,150

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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