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 ₹ 711 Cr.
- Current Price ₹ 454
- High / Low ₹ 598 / 374
- Stock P/E 13.4
- Book Value ₹ 312
- Dividend Yield 1.76 %
- ROCE 15.2 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 24.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 20.8%
Cons
- Company has a low return on equity of 13.5% 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.
Peer comparison
Sector: Miscellaneous Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
357 | 421 | 506 | 532 | 565 | 652 | 701 | 742 | 799 | 699 | 1,159 | 1,447 | 1,398 | |
314 | 372 | 457 | 468 | 505 | 602 | 638 | 650 | 743 | 634 | 1,001 | 1,299 | 1,264 | |
Operating Profit | 44 | 50 | 49 | 64 | 60 | 50 | 63 | 92 | 56 | 65 | 158 | 147 | 133 |
OPM % | 12% | 12% | 10% | 12% | 11% | 8% | 9% | 12% | 7% | 9% | 14% | 10% | 10% |
1 | 1 | 3 | 2 | 3 | 2 | 5 | 3 | 10 | 8 | 3 | 3 | 7 | |
Interest | 11 | 14 | 17 | 18 | 15 | 13 | 18 | 16 | 19 | 23 | 24 | 28 | 33 |
Depreciation | 8 | 9 | 12 | 13 | 12 | 12 | 15 | 13 | 14 | 22 | 35 | 36 | 35 |
Profit before tax | 26 | 27 | 23 | 34 | 35 | 27 | 36 | 66 | 33 | 28 | 102 | 86 | 72 |
Tax % | 20% | 24% | 32% | 33% | 36% | 33% | 37% | 37% | -1% | 26% | 29% | 27% | |
21 | 21 | 16 | 23 | 22 | 18 | 23 | 42 | 33 | 21 | 73 | 63 | 53 | |
EPS in Rs | 14.09 | 14.05 | 10.71 | 15.49 | 15.18 | 12.41 | 15.32 | 28.19 | 22.45 | 14.17 | 46.63 | 40.56 | 33.84 |
Dividend Payout % | 16% | 18% | 16% | 16% | 16% | 20% | 21% | 27% | 9% | 21% | 21% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 16% |
3 Years: | 22% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 25% |
3 Years: | 30% |
TTM: | -26% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 12% |
3 Years: | 33% |
1 Year: | 19% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 139 | 156 | 169 | 189 | 208 | 229 | 246 | 269 | 300 | 318 | 397 | 450 | 472 |
110 | 146 | 161 | 165 | 129 | 106 | 153 | 186 | 322 | 312 | 288 | 332 | 372 | |
41 | 56 | 62 | 52 | 61 | 77 | 111 | 123 | 163 | 152 | 148 | 155 | 167 | |
Total Liabilities | 297 | 365 | 399 | 414 | 405 | 419 | 518 | 593 | 799 | 797 | 849 | 953 | 1,027 |
117 | 183 | 200 | 219 | 222 | 234 | 233 | 244 | 249 | 509 | 513 | 559 | 542 | |
CWIP | 52 | 15 | 10 | 5 | 9 | 11 | 32 | 128 | 282 | 74 | 64 | 17 | 32 |
Investments | 14 | 14 | 14 | 9 | 19 | 33 | 47 | 77 | 11 | 9 | 66 | 78 | 67 |
115 | 153 | 175 | 181 | 154 | 141 | 205 | 144 | 257 | 205 | 206 | 300 | 386 | |
Total Assets | 297 | 365 | 399 | 414 | 405 | 419 | 518 | 593 | 799 | 797 | 849 | 953 | 1,027 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
38 | 16 | 31 | 65 | 86 | 40 | 11 | 126 | -61 | 116 | 144 | 41 | |
-54 | -38 | -22 | -22 | -30 | -29 | -43 | -146 | -92 | -68 | -85 | -43 | |
13 | 23 | -4 | -31 | -59 | -21 | 42 | 18 | 151 | -50 | -60 | 2 | |
Net Cash Flow | -4 | 2 | 6 | 12 | -3 | -10 | 11 | -2 | -2 | -2 | -0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 39 | 44 | 39 | 39 | 38 | 34 | 37 | 30 | 25 | 33 | 21 | 20 |
Inventory Days | 106 | 121 | 109 | 94 | 55 | 45 | 76 | 45 | 101 | 85 | 55 | 68 |
Days Payable | 29 | 34 | 29 | 28 | 32 | 26 | 30 | 27 | 28 | 39 | 27 | 22 |
Cash Conversion Cycle | 116 | 131 | 119 | 105 | 61 | 54 | 83 | 49 | 98 | 79 | 49 | 67 |
Working Capital Days | 78 | 87 | 83 | 76 | 58 | 51 | 70 | 40 | 73 | 54 | 37 | 52 |
ROCE % | 16% | 15% | 12% | 15% | 14% | 12% | 13% | 19% | 8% | 7% | 19% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Copies of newspaper cuttings of Financial Express (English Newspaper) and Jag Bani (Vernacular Newspaper) both dated 24/03/2024 containing the Notice of Postal Ballot / E-Voting.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 23 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Mar - Of Analyst / Institutional Investor Meeting pursuant to Regulation 30(6) of SEBI (LODR) Regulations, 2015
- Intimation Under Regulation 31A(8) Of The SEBI (LODR) Regulations, 2015 - Extract Of The Minutes Of The Board Meeting Approving The Reclassification Requests 18 Mar
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]