Sukhjit Starch & Chemicals Ltd
Incorporated in 1943, The Sukhjit Starch & Chemicals Ltd is an Agro-Processing company that manufactures starch & its derivatives[1]
- Market Cap ₹ 460 Cr.
- Current Price ₹ 147
- High / Low ₹ 231 / 137
- Stock P/E 10.1
- Book Value ₹ 198
- Dividend Yield 0.68 %
- ROCE 5.58 %
- ROE 1.37 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.74 times its book value
Cons
- Company has a low return on equity of 5.69% over last 3 years.
- Dividend payout has been low at 14.1% of profits over last 3 years
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 531 | 565 | 652 | 701 | 741 | 797 | 699 | 1,157 | 1,435 | 1,371 | 1,486 | 1,426 | 1,549 | |
| 467 | 504 | 601 | 637 | 648 | 741 | 634 | 1,005 | 1,292 | 1,245 | 1,383 | 1,351 | 1,444 | |
| Operating Profit | 64 | 61 | 50 | 64 | 93 | 57 | 64 | 152 | 143 | 126 | 103 | 75 | 106 |
| OPM % | 12% | 11% | 8% | 9% | 13% | 7% | 9% | 13% | 10% | 9% | 7% | 5% | 7% |
| 2 | 3 | 2 | 5 | 2 | 8 | 4 | 1 | 2 | 8 | 7 | 17 | 12 | |
| Interest | 18 | 15 | 13 | 18 | 16 | 18 | 21 | 21 | 25 | 30 | 29 | 30 | 29 |
| Depreciation | 13 | 12 | 12 | 15 | 13 | 13 | 18 | 25 | 27 | 27 | 28 | 28 | 28 |
| Profit before tax | 34 | 36 | 28 | 36 | 66 | 33 | 30 | 107 | 93 | 77 | 53 | 34 | 62 |
| Tax % | 33% | 35% | 33% | 36% | 37% | -1% | 25% | 28% | 24% | 28% | 25% | 23% | |
| 23 | 23 | 19 | 23 | 42 | 34 | 23 | 77 | 70 | 56 | 39 | 26 | 46 | |
| EPS in Rs | 7.84 | 7.79 | 6.42 | 7.78 | 14.13 | 11.36 | 7.66 | 24.77 | 22.48 | 17.83 | 12.64 | 8.35 | 14.60 |
| Dividend Payout % | 16% | 16% | 19% | 21% | 27% | 9% | 20% | 20% | 18% | 22% | 8% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 15% |
| 3 Years: | 0% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | -17% |
| 3 Years: | -51% |
| TTM: | 107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 1% |
| 3 Years: | -10% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 10% |
| 3 Years: | 6% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 15 | 15 | 15 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 193 | 212 | 235 | 252 | 274 | 306 | 326 | 409 | 469 | 512 | 552 | 575 | 602 |
| 165 | 129 | 106 | 151 | 151 | 281 | 244 | 248 | 301 | 313 | 282 | 329 | 308 | |
| 52 | 61 | 77 | 96 | 92 | 107 | 122 | 109 | 120 | 147 | 155 | 143 | 120 | |
| Total Liabilities | 418 | 410 | 425 | 507 | 533 | 709 | 706 | 783 | 905 | 987 | 1,005 | 1,062 | 1,046 |
| 218 | 221 | 234 | 232 | 234 | 233 | 377 | 381 | 434 | 432 | 454 | 437 | 426 | |
| CWIP | 5 | 9 | 10 | 14 | 68 | 181 | 67 | 64 | 16 | 29 | 17 | 9 | 16 |
| Investments | 14 | 25 | 39 | 64 | 93 | 49 | 47 | 104 | 116 | 121 | 91 | 113 | 159 |
| 181 | 154 | 142 | 196 | 138 | 246 | 215 | 234 | 339 | 404 | 443 | 503 | 444 | |
| Total Assets | 418 | 410 | 425 | 507 | 533 | 709 | 706 | 783 | 905 | 987 | 1,005 | 1,062 | 1,046 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 63 | 87 | 40 | 13 | 127 | -51 | 90 | 141 | 28 | 66 | 56 | 2 | |
| -20 | -31 | -29 | -38 | -94 | -73 | -41 | -103 | -41 | -36 | -0 | -8 | |
| -32 | -60 | -21 | 25 | -29 | 125 | -49 | -38 | 13 | -27 | -56 | 7 | |
| Net Cash Flow | 12 | -3 | -10 | 0 | 3 | 1 | -0 | 0 | 0 | 3 | 0 | -0 |
| Free Cash Flow | 35 | 67 | 23 | -3 | 58 | -173 | 42 | 114 | -7 | 27 | 17 | -11 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 109% | 155% | 93% | 32% | 155% | -68% | 149% | 108% | 33% | 64% | 66% | 17% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 37 | 34 | 37 | 30 | 25 | 33 | 21 | 20 | 21 | 28 | 24 |
| Inventory Days | 93 | 55 | 45 | 76 | 45 | 101 | 84 | 49 | 64 | 87 | 74 | 103 |
| Days Payable | 28 | 32 | 26 | 30 | 24 | 27 | 34 | 24 | 20 | 28 | 25 | 25 |
| Cash Conversion Cycle | 103 | 60 | 53 | 82 | 50 | 99 | 82 | 46 | 65 | 80 | 77 | 102 |
| Working Capital Days | 15 | 12 | 20 | 19 | 22 | 22 | 22 | 1 | 9 | 14 | 29 | 37 |
| ROCE % | 15% | 14% | 12% | 13% | 19% | 9% | 8% | 20% | 16% | 12% | 9% | 6% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Maize Grinding Capacity TPD |
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| Capacity Utilization % |
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| Maize Procurement Price Rs/kg |
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| Market Share in Domestic Maize Processing % |
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| Top 5 Customer Concentration % of revenue |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication for unaudited financial results for the quarter / half year ended September,2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Sukhjit Starch reported Q2 FY27 revenue of ₹408.49 crore and H1 FY27 revenue of ₹803.61 crore.
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Board Meeting Outcome for Sukhjit Starch & Chemicals Limited Has informed Regarding Reconstitution Of Committees Of Board In Meeting Held On October 23, 2026, After The Induction Of New Independent Directors .
- Board approved unaudited Q2/H1 FY2026-27 results on 23 Oct 2026; committees reconstituted.
- Sukhjit Starch & Chemicals Limited Has Submitted To The Exchange, The Unaudited Financial Results For The Period Ended September 30, 2026.
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Board Meeting Intimation for Unaudited Financial Results (Standalone & Consolidated) Of The Company For The Quarter / Half Year Ended 30/09/2026.
- Board meeting on 23 Oct 2026 to consider Q2/H1 FY2026-27 unaudited standalone and consolidated results.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Nov 2025Transcript
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Aug 2025Transcript
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Jun 2025Transcript
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Nov 2024Transcript REC
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Aug 2024Transcript REC
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Aug 2024Transcript
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Jun 2024Transcript
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Jun 2024Transcript REC
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Nov 2023Transcript REC
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Jun 2023Transcript PPT REC
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Dec 2019PPT
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Feb 2019PPT
Business Overview:[1][2]
Sukhjit Starch & Chemicals is one of India's oldest and leading manufacturers of starch, starch derivatives, and allied by-products. Over more than 80 years, the Company has evolved into a diversified starch solutions provider.