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: 249.81 Cr.
  • Current Price: 169.25
  • 52 weeks High / Low 232.95 / 120.00
  • Book Value: 213.15
  • Stock P/E: 7.54
  • Dividend Yield: 1.18 %
  • ROCE: 18.50 %
  • ROE: 15.14 %
  • Sales Growth (3Yrs): 9.46 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.79 times its book value
Company has good consistent profit growth of 24.62% over 5 years
Company has been maintaining a healthy dividend payout of 22.71%
Cons:
The company has delivered a poor growth of 7.93% over past five years.
Company has a low return on equity of 10.74% for last 3 years.
Company might be capitalizing the interest cost

Peer comparison Sector: Miscellaneous // Industry: Miscellaneous

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
173.68 175.35 197.87 194.64 189.90 186.13 243.89 179.25
157.71 159.35 169.61 162.91 170.83 176.98 229.39 166.13
Operating Profit 15.97 16.00 28.26 31.73 19.07 9.15 14.50 13.12
OPM % 9.20% 9.12% 14.28% 16.30% 10.04% 4.92% 5.95% 7.32%
Other Income 1.04 1.01 0.75 0.50 2.25 3.18 1.28 3.65
Interest 3.76 4.81 4.07 3.68 3.58 5.39 4.00 6.13
Depreciation 3.42 3.09 4.00 2.37 3.80 2.78 3.79 4.04
Profit before tax 9.83 9.11 20.94 26.18 13.94 4.16 7.99 6.60
Tax % 35.10% 32.93% 31.28% 43.74% 32.64% -211.78% 23.78% 29.09%
Net Profit 6.38 6.11 14.39 14.73 9.39 12.97 6.09 4.68
EPS in Rs 4.31 2.06 4.86 9.98 6.36 8.79 4.13 3.17
Notes Notes Notes Notes Notes Notes Notes Notes

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

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
186 210 266 344 357 421 506 532 565 652 701 741 799
157 186 235 282 314 371 457 468 505 602 638 650 743
Operating Profit 29 24 31 62 44 50 49 64 60 50 63 92 56
OPM % 16% 11% 12% 18% 12% 12% 10% 12% 11% 8% 9% 12% 7%
Other Income 2 1 1 1 1 0 3 2 3 2 5 3 10
Interest 5 6 7 7 11 14 17 18 15 13 18 16 19
Depreciation 4 6 6 7 8 9 12 13 12 12 15 13 14
Profit before tax 22 14 19 48 26 27 23 34 35 27 36 66 33
Tax % 12% 21% 23% 22% 20% 24% 32% 33% 36% 33% 37% 37%
Net Profit 19 11 14 38 21 21 16 23 22 18 23 41 33
EPS in Rs 12.70 7.05 9.21 24.91 13.73 13.63 10.41 14.98 14.67 12.41 15.32 27.90 22.45
Dividend Payout % 19% 27% 31% 16% 16% 18% 16% 16% 16% 20% 21% 27%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:13.45%
5 Years:7.93%
3 Years:9.46%
TTM:7.77%
Compounded Profit Growth
10 Years:14.17%
5 Years:24.62%
3 Years:21.80%
TTM:-20.38%
Stock Price CAGR
10 Years:7.32%
5 Years:5.82%
3 Years:-3.10%
1 Year:-24.46%
Return on Equity
10 Years:12.87%
5 Years:11.05%
3 Years:10.74%
Last Year:15.14%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

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 73 82 91 122 139 156 169 189 208 229 246 268 300
Borrowings 57 57 73 83 110 146 161 165 129 106 153 186 311
35 30 35 40 41 56 62 52 61 77 111 123 174
Total Liabilities 172 176 207 253 297 365 399 414 405 419 518 593 800
81 88 98 111 117 183 200 219 222 234 233 244 250
CWIP 4 8 3 10 52 15 10 5 9 11 32 128 282
Investments 8 9 6 15 14 14 14 9 19 33 47 77 12
78 72 100 118 115 153 175 181 154 141 205 144 256
Total Assets 172 176 207 253 297 365 399 414 405 419 518 593 800

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

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 38 16 31 65 86 40 11 126
-11 -15 -9 -40 -54 -38 -22 -22 -30 -29 -43 -146
-4 -10 6 -3 13 23 -4 -31 -59 -21 42 18
Net Cash Flow -1 -4 -2 3 -4 2 6 12 -3 -10 11 -2

Ratios Consolidated Figures in Rs. Crores / View Standalone

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% 13% 16% 29% 16% 15% 12% 15% 14% 12% 13% 18%
Debtor Days 47 41 42 40 39 44 39 39 38 34 37 30
Inventory Turnover 3.64 3.75 3.87 3.70 4.10 4.23 4.32 4.44 6.54 9.09 7.10 7.20

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