Sukhjit Starch & Chemicals Ltd
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]
- Market Cap ₹ 767 Cr.
- Current Price ₹ 491
- High / Low ₹ 598 / 386
- Stock P/E 12.8
- Book Value ₹ 327
- Dividend Yield 1.63 %
- ROCE 16.1 %
- ROE 15.3 %
- Face Value ₹ 10.0
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 34% |
1 Year: | 22% |
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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19m
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 20h
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 20h
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2d - Shareholders holding shares in physical form regarding mandatory furnishing of PAN, KYC, Nomination and Bank details etc. as per SEBI Circulars
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Compliance Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulation, 2015
20 Apr - Compliance Certificate under Regulation 40(9) of the SEBI (LODR) Regulations, 2015 for the year ended March 31, 2024
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Concalls
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Nov 2023TranscriptPPTREC
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Jun 2023Transcript PPT REC
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Dec 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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]