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Sukhjit Starch & Chemicals Ltd Stock Analysis

Small Cap
Evaluated by 218 users | BSE: 524542 | NSE: |
Consumer Food
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....

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 22.38%12.43%10.63%7.99%9.92%9.45%7.93%9.46%12.29%7.93%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 339353419507532566652701741797
Y-o-Y Gr. Rt.-4.4%18.5%21.2%4.9%6.3%15.2%7.5%5.7%7.6%
Adjusted EPS (Rs.) 26.1114.6914.4710.6715.8815.6212.6416.0527.7819.68
Y-o-Y Gr. Rt.--43.7%-1.5%-26.3%48.8%-1.6%-19.1%27%73.1%-29.2%
Book Value per Share (Rs.) 89.94102.3114122.82135.92148.86163.89175.43195.8217.25
Adjusted Net Profit 38.521.721.415.823.423.118.723.74129.1
Net Op. Cash Flow (Rs. Cr.) 45.236.515.434.263.487.339.913127-51.1
Debt to Cash Flow from Ops 1.822.9810.395.162.611.482.6611.821.19-5.71
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Sukhjit Starch & Chemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 10%8.4%7%7.6%
Adjusted EPS -3.1%4.4%15.9%-29.2%
Book Value per Share 10.39.89.911
Share Price 8.7% 9.8% -9.6% 5.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 33.0415.2813.389.0112.2810.978.089.4614.979.53
Operating Profit Margin (%) 18.412.5911.939.8711.9910.697.749.6312.517.1
Net Profit Margin (%) 11.386.135.13.14.44.072.863.385.543.64
Debt to Equity 0.620.720.950.970.820.590.440.590.520.91
Working Capital Days 125131126119114100829393102
Cash Conversion Cycle 69737375725642525057
Entity Percentage Holding
Promoters 63.76%
Non-Institutions 36.24%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Sukhjit Starch & Chemicals Ltd's performance infers:

Sukhjit Starch & Chemicals Ltd earnings have grown by 4.4%, whereas share price has appreciated 9.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Sukhjit Starch & Chemicals Ltd share prices over the last 10 years. Here is what we found out:

Sukhjit Starch & Chemicals Ltd share price has appreciated 4.2% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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