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Sukhjit Starch &Chem Overview

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 numb...Read More

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Sukhjit Starch &Chem Key Financials

Market Cap ₹566 Cr.

Stock P/E 14.2

P/B 1

Current Price ₹181.2

Book Value ₹ 177

Face Value 5

52W High ₹238

Dividend Yield 0.55%

52W Low ₹ 137.3

Sukhjit Starch &Chem Share Price

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Volume
Price

Sukhjit Starch &Chem Quarterly Price

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Sukhjit Starch &Chem Peer Comparison

Sukhjit Starch &Chem Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 321 361 370 395 368 375 360 369 315 347
Other Income 3 2 3 1 3 2 3 3 5 2
Total Income 324 363 373 396 370 377 363 372 319 349
Total Expenditure 292 324 337 361 336 346 343 350 296 327
Operating Profit 32 39 36 35 34 31 20 22 23 21
Interest 8 8 8 7 9 8 6 7 9 8
Depreciation 9 9 9 9 9 9 10 9 9 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 16 21 19 18 17 14 4 6 5 4
Provision for Tax 4 5 7 5 4 4 2 1 1 1
Profit After Tax 11 16 12 14 13 11 3 5 4 3
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 11 16 12 14 13 11 3 5 4 3
Adjusted Earnings Per Share 3.6 5.1 3.8 4.4 4 3.5 0.9 1.6 1.4 1

Sukhjit Starch &Chem Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 533 566 652 701 742 799 699 1159 1447 1375 1498 1391
Other Income 2 3 2 5 3 10 8 3 3 10 8 13
Total Income 535 569 654 707 745 810 707 1162 1450 1385 1506 1403
Total Expenditure 470 506 602 638 650 743 634 1001 1299 1247 1386 1316
Operating Profit 65 62 52 68 95 66 73 161 150 138 120 86
Interest 18 15 13 18 16 19 23 24 28 33 30 30
Depreciation 13 12 12 15 13 14 22 35 36 35 36 37
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 34 35 27 36 66 33 28 102 86 70 54 19
Provision for Tax 11 13 9 13 24 -0 7 29 23 20 14 5
Profit After Tax 23 22 18 23 42 33 21 73 63 50 40 15
Adjustments -0 0 0 0 0 -0 0 0 0 0 -0 0
Profit After Adjustments 23 22 18 23 42 33 21 73 63 50 40 15
Adjusted Earnings Per Share 7.8 7.6 6.2 7.7 14.1 11.2 7.1 23.3 20.3 16 12.8 4.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 9% 13% 11%
Operating Profit CAGR -13% -9% 13% 6%
PAT CAGR -20% -18% 4% 6%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -10% -3% 9% 11%
ROE Average 8% 11% 12% 11%
ROCE Average 10% 13% 13% 13%

Sukhjit Starch &Chem Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 197 215 237 253 283 315 333 413 466 503 543
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 63 56 47 53 148 194 187 134 111 86 82
Other Non-Current Liabilities 20 23 40 61 79 93 105 87 91 100 105
Total Current Liabilities 147 129 113 172 125 242 216 264 354 385 363
Total Liabilities 426 423 436 539 635 843 841 897 1021 1074 1094
Fixed Assets 219 222 228 211 239 245 505 493 537 530 545
Other Non-Current Assets 10 17 22 57 136 289 82 88 41 56 44
Total Current Assets 198 184 187 271 259 309 255 316 443 488 505
Total Assets 426 423 436 539 635 843 841 897 1021 1074 1094

Sukhjit Starch &Chem Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 9 21 18 7 18 16 14 12 12 13 16
Cash Flow from Operating Activities 65 86 40 11 126 -61 116 144 41 78 68
Cash Flow from Investing Activities -22 -30 -29 -43 -146 -92 -68 -85 -43 -39 -1
Cash Flow from Financing Activities -31 -59 -21 42 18 151 -50 -60 2 -36 -66
Net Cash Inflow / Outflow 12 -3 -10 11 -2 -2 -2 -0 0 3 0
Closing Cash & Cash Equivalent 21 18 7 18 16 14 12 12 13 16 16

Sukhjit Starch &Chem Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.76 7.61 6.22 7.68 14.1 11.22 7.08 23.31 20.28 15.99 12.79
CEPS(Rs) 12.31 11.75 10.25 12.67 18.46 16.11 14.53 34.53 31.68 27.14 24.28
DPS(Rs) 1.25 1.25 1.25 1.63 3.75 1 1.5 5 4 4 1
Book NAV/Share(Rs) 66.57 72.85 80.15 85.8 95.97 106.57 112.7 132.05 149 160.88 173.82
Core EBITDA Margin(%) 11.27 10.06 7.3 8.84 12.4 6.99 9.22 13.61 10.17 9.31 7.46
EBIT Margin(%) 9.25 8.43 5.89 7.53 11.11 6.48 7.26 10.85 7.92 7.48 5.61
Pre Tax Margin(%) 6.09 5.87 4.02 5.05 8.91 4.09 4.03 8.8 5.96 5.08 3.6
PAT Margin (%) 4.08 3.77 2.69 3.2 5.61 4.15 2.99 6.29 4.38 3.63 2.67
Cash Profit Margin (%) 6.47 5.82 4.43 5.28 7.35 5.95 6.14 9.31 6.84 6.17 5.06
ROA(%) 5.48 5.29 4.27 4.65 7.09 4.48 2.48 8.38 6.61 4.77 3.69
ROE(%) 12.3 10.92 8.13 9.25 15.51 11.08 6.46 19.55 14.43 10.32 7.64
ROCE(%) 14.57 14.24 11.72 14.2 18.76 9.21 7.88 19.01 15.54 12.76 10.16
Receivable days 36 35.44 32.02 34.1 32.72 26.74 30.93 20.53 18.68 21.24 23.5
Inventory Days 56.29 42.09 29.9 37.89 35.97 47.03 66.29 33.05 36.24 54.33 55.73
Payable days 28.41 30.01 26.78 28.07 28.78 24.75 37.22 25.53 21.41 26.68 26.16
PER(x) 8.19 7.76 12.02 15.3 9.09 5.94 14.2 11.35 9.26 14.36 15.27
Price/Book(x) 0.96 0.81 0.93 1.37 1.34 0.63 0.89 2 1.26 1.43 1.12
Dividend Yield(%) 1.97 2.12 1.67 1.38 2.93 1.5 1.49 1.89 2.13 1.74 0.51
EV/Net Sales(x) 0.62 0.5 0.49 0.69 0.74 0.65 0.84 0.94 0.62 0.75 0.59
EV/Core EBITDA(x) 5.08 4.57 6.13 7.11 5.76 7.9 8.06 6.79 5.95 7.45 7.32
Net Sales Growth(%) 4.87 6.24 15.14 7.51 5.77 7.77 -12.56 65.86 24.81 -4.92 8.91
EBIT Growth(%) 30.15 -3.32 -19.89 32.59 54.35 -37.14 -2 147.84 -8.97 -10.15 -18.32
PAT Growth(%) 44.58 -1.97 -18.28 23.47 83.56 -20.36 -36.91 248.47 -13.02 -21.15 -20.02
EPS Growth(%) 44.58 -1.95 -18.29 23.47 83.56 -20.37 -36.89 229.18 -13.02 -21.15 -20.04
Debt/Equity(x) 0.84 0.6 0.45 0.61 0.66 1.08 0.91 0.67 0.69 0.65 0.52
Current Ratio(x) 1.34 1.43 1.66 1.58 2.07 1.28 1.18 1.2 1.25 1.27 1.39
Quick Ratio(x) 0.8 0.98 1.17 1.04 1.64 0.65 0.71 0.79 0.75 0.67 0.77
Interest Cover(x) 2.92 3.3 3.15 3.04 5.05 2.71 2.25 5.28 4.05 3.12 2.79
Total Debt/Mcap(x) 0.88 0.74 0.48 0.45 0.49 1.73 1.02 0.33 0.54 0.45 0.47

Sukhjit Starch &Chem Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 66.24 66.33 66.33 66.33 66.01 66.04 66.04 66.04 66.07 66.07
FII 0.02 0.01 0.07 0.06 0.01 0 0.01 0 0.02 0
DII 0.22 0 0 0 0 0 0 0 0 0
Public 33.52 33.66 33.6 33.62 33.98 33.95 33.95 33.95 33.91 33.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Sukhjit Starch &Chem News

Sukhjit Starch &Chem Pros & Cons

Pros

  • Debtor days have improved from 26.68 to 26.16days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • The company has delivered a poor profit growth of 3% over past five years.
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