Sukhjit Starch &Chem

₹444.3 -7.7 | 1.7%

WEBSITE BSE:524542 NSE : SUKJIT STRCH 10 May, 16:01

Market Cap ₹694 Cr.

Stock P/E 13.1

P/B 1.4

Current Price ₹444.3

Book Value ₹ 322.6

Face Value 10

52W High ₹596.8

Dividend Yield 1.8%

52W Low ₹ 387

Edit Ratio

Sukhjit Starch &Chem Research see more...

Overview Inc. Year: 1944Industry: Consumer Food

The Sukhjit Starch & Chemicals Ltd is a manufacturer of starch and its derivatives in India. The Company is engaged in development, manufacturing and distribution of Maize Starch, Dextrin, Liquid Glucose, Malto-Dextrin, Dextrose Monohydrate, Dextrose Anhydrous, Sorbitol-70% Solution and numerous by-products, along with Maize Oil, Maize Oil Cake and Corn Gluten. The Company's segments encompass starch & its derivatives, readymade clothes, leasing & lease purchase financing, and manufacturing of heavy machinery. The Company's products have a number of packages in diverse industries, along with food, textiles, pharmaceuticals and paper. The Company offers products in diverse categories, along with foods and drinks, consisting of Baked Goods, Frozen Foods, Honey and Preserved Foods; Paper and Board, which include Wet End and Coating; Personal Care and Pharma, such as Tooth Paste, Shoe Polish and Bulk Drug Fermentation, and Animal Feed and Pet Foods, which include Pet Foods, Poultry Feed and Cattle Feed.

Sukhjit Starch &Chem Share Price

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Sukhjit Starch &Chem Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	278	319	353	362	347	347	391	323	321	361
Other Income	1	1	0	1	1	1	1	2	3	2
Total Income	280	319	353	362	347	348	392	325	324	363
Total Expenditure	241	273	304	322	310	315	354	295	292	324
Operating Profit	38	46	49	41	38	33	39	31	32	39
Interest	7	6	5	6	7	7	8	8	8	8
Depreciation	9	9	9	9	9	9	9	9	9	9
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	23	31	35	26	21	18	22	14	16	21
Provision for Tax	6	8	13	6	5	4	7	3	4	5
Profit After Tax	17	24	23	19	16	13	15	11	11	16
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	17	24	23	19	16	13	15	11	11	16
Adjusted Earnings Per Share	11.5	15.9	14.5	12.3	10.3	8.5	9.5	6.8	7.3	10.3

Sukhjit Starch &Chem Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	422	508	533	566	652	701	742	799	699	1159	1447	1396
Other Income	1	3	2	3	2	5	3	10	8	3	3	8
Total Income	424	512	535	569	654	707	745	810	707	1162	1450	1404
Total Expenditure	373	460	470	506	602	638	650	743	634	1001	1299	1265
Operating Profit	50	52	65	62	52	68	95	66	73	161	150	141
Interest	14	17	18	15	13	18	16	19	23	24	28	32
Depreciation	9	12	13	12	12	15	13	14	22	35	36	36
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	27	23	34	35	27	36	66	33	28	102	86	73
Provision for Tax	6	7	11	13	9	13	24	-0	7	29	23	19
Profit After Tax	21	16	23	22	18	23	42	33	21	73	63	53
Adjustments	0	0	-0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	21	16	23	22	18	23	42	33	21	73	63	53
Adjusted Earnings Per Share	14.1	10.7	15.5	15.2	12.4	15.4	28.2	22.4	14.2	46.6	40.6	33.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	22%	16%	13%
Operating Profit CAGR	-7%	31%	17%	12%
PAT CAGR	-14%	24%	22%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	9%	25%	15%	16%
ROE Average	14%	13%	13%	12%
ROCE Average	16%	14%	14%	14%

Sukhjit Starch &Chem Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	163	176	197	215	237	253	283	315	333	413	466
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	74	72	63	56	47	53	148	194	187	134	111
Other Non-Current Liabilities	10	15	20	23	40	61	79	93	105	87	91
Total Current Liabilities	136	147	147	129	113	172	125	242	216	264	354
Total Liabilities	383	410	426	423	436	539	635	843	841	897	1021
Fixed Assets	183	200	219	222	228	211	239	245	505	493	537
Other Non-Current Assets	23	17	10	17	22	57	136	289	82	88	41
Total Current Assets	178	193	198	184	187	271	259	309	255	316	443
Total Assets	383	410	426	423	436	539	635	843	841	897	1021

Sukhjit Starch &Chem Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	3	9	21	18	7	18	16	14	12	12
Cash Flow from Operating Activities	16	31	65	86	40	11	126	-61	116	144	41
Cash Flow from Investing Activities	-38	-22	-22	-30	-29	-43	-146	-92	-68	-85	-43
Cash Flow from Financing Activities	23	-4	-31	-59	-21	42	18	151	-50	-60	2
Net Cash Inflow / Outflow	2	6	12	-3	-10	11	-2	-2	-2	-0	0
Closing Cash & Cash Equivalent	3	9	21	18	7	18	16	14	12	12	13

Sukhjit Starch &Chem Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	14.09	10.74	15.53	15.22	12.44	15.36	28.19	22.45	14.17	46.63	40.56
CEPS(Rs)	20.2	19.11	24.61	23.5	20.5	25.35	36.92	32.21	29.05	69.06	63.37
DPS(Rs)	5	3.5	5	5	5	6.5	7.5	2	3	10	8
Book NAV/Share(Rs)	110.58	119.27	133.15	145.7	160.3	171.6	191.95	213.15	225.39	264.1	298
Core EBITDA Margin(%)	11.02	9.12	11.27	10.06	7.3	8.84	12.4	6.99	9.22	13.61	10.17
EBIT Margin(%)	9.29	7.45	9.25	8.43	5.89	7.53	11.11	6.48	7.26	10.85	7.92
Pre Tax Margin(%)	6.12	4.35	6.09	5.87	4.02	5.05	8.91	4.09	4.03	8.8	5.96
PAT Margin (%)	4.67	2.96	4.08	3.77	2.69	3.2	5.61	4.15	2.99	6.29	4.38
Cash Profit Margin (%)	6.69	5.26	6.47	5.82	4.43	5.28	7.35	5.95	6.14	9.31	6.84
ROA(%)	5.94	4	5.48	5.29	4.27	4.65	7.09	4.48	2.48	8.38	6.61
ROE(%)	13.42	9.34	12.3	10.92	8.13	9.25	15.51	11.08	6.46	19.55	14.43
ROCE(%)	14.31	11.84	14.57	14.24	11.72	14.2	18.76	9.21	7.88	19.01	15.54
Receivable days	36.42	35.67	36	35.44	32.02	34.1	32.72	26.74	30.93	20.53	18.68
Inventory Days	60.42	60.53	56.29	42.09	29.9	37.89	35.97	47.03	66.29	33.05	36.24
Payable days	29.53	28.14	28.41	30.01	26.78	28.07	28.78	24.75	37.22	25.53	21.41
PER(x)	6.39	9.22	8.19	7.76	12.02	15.3	9.09	5.94	14.2	11.35	9.26
Price/Book(x)	0.81	0.83	0.96	0.81	0.93	1.37	1.34	0.63	0.89	2	1.26
Dividend Yield(%)	2.78	1.77	1.97	2.12	1.67	1.38	2.93	1.5	1.49	1.89	2.13
EV/Net Sales(x)	0.68	0.62	0.62	0.5	0.49	0.69	0.74	0.65	0.84	0.94	0.62
EV/Core EBITDA(x)	5.73	5.99	5.08	4.57	6.13	7.11	5.76	7.9	8.06	6.79	5.95
Net Sales Growth(%)	17.76	20.39	4.87	6.24	15.14	7.51	5.77	7.77	-12.56	65.86	24.81
EBIT Growth(%)	10.38	-3.45	30.15	-3.32	-19.89	32.59	54.35	-37.14	-2	147.84	-8.97
PAT Growth(%)	-0.15	-23.8	44.58	-1.97	-18.28	23.47	83.56	-20.36	-36.91	248.47	-13.02
EPS Growth(%)	-0.25	-23.8	44.58	-1.95	-18.29	23.47	83.56	-20.37	-36.89	229.18	-13.02
Debt/Equity(x)	0.98	1	0.84	0.6	0.45	0.61	0.66	1.08	0.91	0.67	0.69
Current Ratio(x)	1.31	1.31	1.34	1.43	1.66	1.58	2.07	1.28	1.18	1.2	1.25
Quick Ratio(x)	0.68	0.68	0.8	0.98	1.17	1.04	1.64	0.65	0.71	0.79	0.75
Interest Cover(x)	2.93	2.41	2.92	3.3	3.15	3.04	5.05	2.71	2.25	5.28	4.05
Total Debt/Mcap(x)	1.2	1.2	0.88	0.74	0.48	0.45	0.49	1.73	1.02	0.33	0.54

Sukhjit Starch &Chem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	64.44	66.14	66.14	66.16	66.18	66.21	66.21	66.23	66.24	66.33
FII	0	0	0	0	0	0	0.01	0	0.02	0.01
DII	0	0	0	0	0	0	0	0	0.22	0
Public	35.56	33.86	33.86	33.84	33.82	33.79	33.77	33.77	33.52	33.66
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.95	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.04
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.52	0.53	0.53	0.53	0.53	0.53	0.53	0.53	0.52	0.53
Others	0	0	0	0	0	0	0	0	0	0
Total	1.48	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56

Pros

Company has delivered good profit growth of 22% CAGR over last 5 years
Debtor days have improved from 25.53 to 21.41days.
Company has reduced debt.

Cons

Company has a low return on equity of 13% over the 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.

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Sukhjit Starch &Chem Research see more...

Overview Inc. Year: 1944Industry: Consumer Food

Sukhjit Starch &Chem Share Price

Alert Data

Quarterly Price

Peer Comparison

Sukhjit Starch &Chem Quarterly Results

Sukhjit Starch &Chem Profit & Loss

Growth Rates

Sukhjit Starch &Chem Balance Sheet

Sukhjit Starch &Chem Cash Flow

Sukhjit Starch &Chem Ratios

Sukhjit Starch &Chem Shareholding Pattern

Sukhjit Starch &Chem News

Top Unlisted Companies & InstaBuy Companies

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