Sukhjit Starch & Chemicals Ltd

Sukhjit Starch & Chemicals is an Agro-Processing Industry manufacturing starch & its derivatives i.e Liquid Glucose, Dextrose Monohydrate, Dextrose Anhydrous, Sorbitol, Modified Starches and by-products.

  • Market Cap: 255.42 Cr.
  • Current Price: 173.05
  • 52 weeks High / Low 230.80 / 120.00
  • Book Value: 217.25
  • Stock P/E: 7.62
  • Dividend Yield: 1.16 %
  • ROCE: 19.12 %
  • ROE: 14.99 %
  • Sales Growth (3Yrs): 9.48 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
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Pros:
Stock is trading at 0.80 times its book value
Company has good consistent profit growth of 21.14% over 5 years
Company has been maintaining a healthy dividend payout of 22.27%
Cons:
The company has delivered a poor growth of 7.92% over past five years.
Company has a low return on equity of 10.70% for last 3 years.

Peer comparison Sector: Miscellaneous // Industry: Miscellaneous

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
163.25 161.78 191.19 184.49 173.65 175.31 197.78 194.11 189.08 185.74 243.57 178.88
151.71 149.80 171.55 164.16 157.09 158.84 169.15 163.07 169.85 175.95 228.86 166.05
Operating Profit 11.54 11.98 19.64 20.33 16.56 16.47 28.63 31.04 19.23 9.79 14.71 12.83
OPM % 7.07% 7.41% 10.27% 11.02% 9.54% 9.39% 14.48% 15.99% 10.17% 5.27% 6.04% 7.17%
Other Income 0.51 2.24 0.33 1.85 0.79 0.76 0.50 0.25 1.65 2.70 0.98 2.65
Interest 3.03 5.37 5.27 3.87 3.75 4.80 4.06 3.67 3.57 5.39 4.00 5.20
Depreciation 3.00 3.00 3.00 5.72 3.42 3.08 4.00 2.24 3.50 3.00 3.75 3.10
Profit before tax 6.02 5.85 11.70 12.59 10.18 9.35 21.07 25.38 13.81 4.10 7.94 7.18
Tax % 29.90% 29.91% 28.21% 50.04% 33.89% 32.09% 31.09% 44.52% 32.59% -215.61% 23.93% 27.44%
Net Profit 4.22 4.10 8.40 6.29 6.73 6.35 14.52 14.08 9.31 12.94 6.04 5.21
EPS in Rs 3.00 2.77 5.77 2.12 2.27 2.14 4.91 9.54 6.31 8.77 4.09 3.53
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
179 202 258 338 352 418 506 531 565 652 701 741 797
149 178 227 275 308 368 456 467 504 601 637 648 741
Operating Profit 30 24 31 62 44 50 50 64 61 50 64 93 57
OPM % 17% 12% 12% 18% 13% 12% 10% 12% 11% 8% 9% 13% 7%
Other Income 2 1 1 1 2 1 2 2 3 2 5 2 8
Interest 5 5 7 7 11 14 17 18 15 13 18 16 18
Depreciation 4 5 6 7 7 9 12 13 12 12 15 13 13
Profit before tax 23 14 19 49 28 28 23 34 36 28 36 66 33
Tax % 11% 19% 24% 22% 20% 24% 29% 33% 35% 33% 36% 37%
Net Profit 20 12 14 39 22 22 16 23 23 19 23 42 34
EPS in Rs 13.19 7.52 9.26 25.56 14.57 14.16 10.54 15.18 15.07 12.83 15.56 28.24 22.70
Dividend Payout % 18% 25% 31% 15% 15% 17% 16% 16% 16% 19% 21% 27%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:13.88%
5 Years:7.92%
3 Years:9.48%
TTM:7.62%
Compounded Profit Growth
10 Years:13.62%
5 Years:21.14%
3 Years:21.23%
TTM:-19.63%
Stock Price CAGR
10 Years:7.51%
5 Years:6.22%
3 Years:-6.18%
1 Year:-21.57%
Return on Equity
10 Years:12.95%
5 Years:11.01%
3 Years:10.70%
Last Year:14.99%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
7 7 7 7 7 7 7 7 7 7 7 15 15
Reserves 76 84 93 125 144 161 174 193 212 235 252 274 306
Borrowings 57 56 72 90 110 160 177 165 129 106 151 151 277
32 29 34 30 39 43 47 52 61 77 96 92 112
Total Liabilities 171 175 206 254 300 371 404 418 410 425 507 533 710
76 83 93 106 113 180 198 218 221 234 232 234 233
CWIP 4 7 2 9 51 15 10 5 9 10 14 68 181
Investments 14 15 13 22 21 21 21 14 25 39 64 93 49
77 71 98 116 116 156 175 181 154 142 196 138 246
Total Assets 171 175 206 254 300 371 404 418 410 425 507 533 710

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
14 21 1 45 36 15 34 63 87 40 13 127
-11 -15 -9 -39 -53 -38 -25 -20 -31 -29 -38 -94
-3 -10 6 -2 13 24 -4 -32 -60 -21 25 -29
Net Cash Flow -1 -4 -2 3 -4 2 6 12 -3 -10 0 3

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 21% 14% 16% 28% 16% 14% 11% 15% 14% 12% 13% 19%
Debtor Days 41 36 38 36 36 42 38 38 37 34 37 30
Inventory Turnover 3.76 3.91 4.06 3.91 4.35 4.35 4.36 4.48 6.61 9.17 7.13 7.24

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
61.21 61.41 61.50 61.69 62.00 62.13 62.63 63.32 63.42 63.56 63.60 63.76
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.01
0.07 0.07 0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00
38.69 38.49 38.40 38.21 37.97 37.84 37.34 36.65 36.56 36.41 36.34 36.23