Sukhjit Starch & Chemicals Ltd Stock Analysis

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

BSE Share Price Jan 20, 18:01
367.25 2.35 (0.64%)

DeciZen - Make an Informed Decision on Sukhjit Starch &Chem

Overall Rating

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

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

Data is not available for this 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.

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.

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 12.4%10.6%8%9.9%9.5%7.9%9.5%12.3%7.9%5.7%-
Value Creation Index -0.1-0.2-0.4-0.3-0.3-0.4-0.3-0.1-0.4-0.6-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 353419507532566652701741797699901
YoY Gr. Rt. %-18.5%21.2%4.9%6.3%15.2%7.5%5.7%7.6%-12.4%-
Adj EPS 14.714.510.715.915.612.616.127.819.713.833.9
YoY Gr. Rt. %--1.5%-26.3%48.8%-1.6%-19.1%27%73.1%-29.2%-29.9%-
BVPS (₹) 102.3114122.8135.9148.9163.9175.4195.8217.3230.7250.3
Adj Net Profit 21.721.415.823.423.118.723.74129.120.450
Cash Flow from Ops. 36.515.434.263.487.339.913127-51.190.3-
Debt/CF from Ops. 310.45.22.61.52.711.81.2-5.72.9-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 7.9%4.3%-0.1%-12.4%
Adj EPS -0.7%-2.5%-4.9%-29.9%
BVPS 9.59.29.66.2
Share Price 14.6% 20.4% 16% 93.9%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 15.313.4912.3118.19.5159.56.214.1
Op. Profit Mgn % 12.611.99.91210.77.79.612.57.19.211.9
Net Profit Mgn % 6.15.13.14.44.12.93.45.53.62.95.6
Debt to Equity 0.7110.80.60.40.60.50.90.80.4
Working Cap Days 13112611911410082939310213792
Cash Conv. Cycle 7373757256425250577326

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.10%

Debt to equity has declined versus last 3 years average to 0.77

Sales growth is good in last 4 quarters at 36.33%

Sales growth has been subdued in last 3 years -0.10%

Net Profit has been subdued in last 3 years -4.91%

Latest Financials - Sukhjit Starch & Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 33.9 31
TTM Sales (₹ Cr.) 901 903
BVPS (₹.) 250.3 243.1
Reserves (₹ Cr.) 355 344
P/BV 1.46 1.50
PE 10.75 11.75
From the Market
52 Week Low / High (₹) 173.25 / 385.00
All Time Low / High (₹) 8.41 / 385.00
Market Cap (₹ Cr.) 539
Equity (₹ Cr.) 14.8
Face Value (₹) 10
Industry PE 57.5

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

Analyst's Notes

News

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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