Sukhjit Starch & Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 524542 | NSE: SUKHJITS | Consumer Food | Small Cap

Sukhjit Starch &Chem Share Price

459.90 5.05 1.11%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Sukhjit Starch &Chem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Sukhjit Starch & Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
11.87
Market Cap:
710.6 Cr.
52-wk low:
365
52-wk high:
596.8

Is Sukhjit Starch & Chemicals Ltd an attractive stock to invest in?

1. Is Sukhjit Starch & Chemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sukhjit Starch & Chemicals Ltd is a average quality company.

2. Is Sukhjit Starch & Chemicals Ltd undervalued or overvalued?

The key valuation ratios of Sukhjit Starch & Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sukhjit Starch & Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sukhjit Starch & Chemicals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sukhjit Starch &Chem:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sukhjit Starch & Chemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8%9.9%9.5%7.9%9.5%12.3%7.9%5.7%14.4%12%-
Value Creation
Index
-0.4-0.3-0.3-0.4-0.3-0.1-0.4-0.60.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5075325666527017417976991,1571,4351,394
Sales YoY Gr.-4.9%6.3%15.2%7.5%5.7%7.6%-12.4%65.7%24%-
Adj EPS 10.715.915.612.616.127.819.713.849.244.538.3
YoY Gr.-48.8%-1.6%-19.1%27%73.1%-29.2%-29.9%256.7%-9.7%-
BVPS (₹) 122.8135.9148.9163.9175.4195.8217.3230.7271.9310.1338.7
Adj Net
Profit
15.823.423.118.723.74129.120.476.969.560
Cash Flow from Ops. 34.263.487.339.913127-51.190.314128.2-
Debt/CF from Ops. 5.22.61.52.711.81.2-5.72.91.710.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.3%15.4%21.7%24%
Adj EPS 17.2%22.6%31.2%-9.7%
BVPS10.8%12.1%12.6%14.1%
Share Price 15.9% 12.1% 33.6% 22.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
912.3118.19.5159.56.220.115.311.8
Op. Profit
Mgn %
9.91210.77.79.612.57.19.213.1109.4
Net Profit
Mgn %
3.14.44.12.93.45.53.62.96.74.84.3
Debt to
Equity
10.80.60.40.60.50.90.80.60.6-
Working Cap
Days
119114100839595104140828456
Cash Conv.
Cycle
7572564252505773363918

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.65%

Net Profit is growing at healthy rate in last 3 years 31.21%

Debt to equity has declined versus last 3 years average to 0.61

Return on Equity has declined versus last 3 years average to 11.80%

Sales growth is not so good in last 4 quarters at -0.10%

Latest Financials - Sukhjit Starch & Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 38.3 33.9
TTM Sales (₹ Cr.) 1,394 1,397
BVPS (₹.) 338.7 322.6
Reserves (₹ Cr.) 513 488
P/BV 1.34 1.41
PE 11.87 13.44
From the Market
52 Week Low / High (₹) 365.00 / 596.80
All Time Low / High (₹) 8.41 / 617.00
Market Cap (₹ Cr.) 711
Equity (₹ Cr.) 15.6
Face Value (₹) 10
Industry PE 64.9

Management X-Ray of Sukhjit Starch &Chem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sukhjit Starch &Chem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5075325666527017417976991,1571,435
Operating Expenses 4574695056016376487416341,0051,292
Manufacturing Costs105111109108123139121125188235
Material Costs312312347439444436550439719950
Employee Cost 23273236384042415056
Other Costs 16181719323329304951
Operating Profit 5063615064935764152143
Operating Profit Margin (%) 9.9%11.9%10.7%7.7%9.1%12.5%7.1%9.2%13.1%10.0%
Other Income 1232528412
Interest 17181513181618212125
Depreciation 12131212151313182527
Exceptional Items 0000000000
Profit Before Tax 233436283666333010793
Tax 7111391324083023
Profit After Tax 16232319234234237770
PAT Margin (%) 3.2%4.4%4.1%2.9%3.3%5.6%4.2%3.2%6.7%4.9%
Adjusted EPS (₹)10.915.715.612.915.628.222.715.349.544.9
Dividend Payout Ratio (%)16%16%16%19%21%27%9%20%20%18%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 181201220242259289321340425485
Share Capital 777771515151616
Reserves 174193212235252274306326409469
Minority Interest0000000000
Debt162152127104151151277240224276
Long Term Debt7263564751113160154116101
Short Term Debt898971571003911786108175
Trade Payables24243331372941414753
Others Liabilities 4854486481105114128134160
Total Liabilities 415430428441528575753750830973

Fixed Assets

Gross Block271304320337336367379541551607
Accumulated Depreciation728698110125137151168190195
Net Fixed Assets198218221227211229228373360412
CWIP 1059101466181676416
Investments 2114253964934947104116
Inventories92795754925315210196168
Trade Receivables52555760706155626780
Cash Equivalents 92118781112121212
Others Assets3338404469617689127168
Total Assets 415430428441528575753750830973

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3463874013127-519014128
PBT 233436283666333010793
Adjustment 27292522312723334450
Changes in Working Capital -8633-3-4751-953213-95
Tax Paid -8-6-7-7-7-17-12-5-23-19
Cash Flow From Investing Activity -25-20-31-29-38-94-73-41-103-41
Capex -26-29-20-16-13-68-115-45-25-29
Net Investments 07-13-14-26-28413-79-12
Others 1222112111
Cash Flow From Financing Activity -4-32-60-2125-29125-49-3813
Net Proceeds from Shares 00000000260
Net Proceeds from Borrowing 0000000000
Interest Paid -16-17-15-12-17-16-17-20-20-24
Dividend Paid -4-3-90-4-120-3-19-13
Others 17-12-36-947-1143-27-2550
Net Cash Flow 612-3-10031000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.1812.1510.978.239.215.2110.996.8420.215.43
ROCE (%)11.4614.4514.2711.7514.1319.39.728.3820.216.29
Asset Turnover Ratio1.331.331.391.571.461.341.20.931.461.59
PAT to CFO Conversion(x)2.132.743.782.110.573.02-1.53.911.830.4
Working Capital Days
Receivable Days34353531343226312019
Inventory Days60564230383647663134
Payable Days28283027282723342219

Sukhjit Starch & Chemicals Ltd Stock News

Sukhjit Starch & Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sukhjit Starch &Chem on 28-Mar-2024 16:01 is ₹459.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Sukhjit Starch &Chem stood at ₹710.6.
The latest P/E ratio of Sukhjit Starch &Chem as of 28-Mar-2024 16:01 is 11.87.
The latest P/B ratio of Sukhjit Starch &Chem as of 28-Mar-2024 16:01 is 1.34.
The 52-week high of Sukhjit Starch &Chem is ₹596.8 and the 52-week low is ₹365.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sukhjit Starch &Chem is ₹1,394 ( Cr.) .

About Sukhjit Starch & Chemicals Ltd

Sukhjit Starch & Chemicals Ltd was established in 1944 by a group of young engineers who recognized the potential of the wonder grain known as Maize.

Making  a beginning in Phagware, Punjab (1944) with a tiny capacity fo 5000 tons per annum the company has seen a rapid growth rate. Apart form raising the capacity at Phagwara to 5000 tons per annum. The company has establish two more facilities, 2nd at Nizamabad Andhra Pradesh (1985) and the 3rd at malda west bengol (2003)

Sukhjit is the only muti locational group in India as of now with a combined installed capacity of 15000 tons corn grind per annum,

In order to sustain its development capacity the company aquired (1982) an engineering workshop contiguous to the phagwara plant.

Sukhjit Starch has also diversified into the textile sector with the establishing of a backward integrated independent RMG unit at Ludhiana in 1998.

Product range of the company includes:

Starches

  • Maize starch
  • The boiling starch
  • Dextrin starch
  • Oxidised starch
  • Pregelatinized starch

Feeds & Nutrients

  • Maize gluten
  • Maize husk
  • Fine Maize husk (wet)
  • Husk Maize husk (dry)

Sweetner

  • Liquid glucose
  • Dextrose monohydrate
  • Dextrose anhydrous
  • Malto dextrin
  • Sorbitol 70% soln
  • High maltose syrup

Achievements/ recognition:

  • Certificate of WHO- GMP
  • HACCP the of practice
  • ISO 9001: 2000
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