BSE: 524542 | NSE: SUKHJITS | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sukhjit Starch & Chemicals Ltd is a average quality company.
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.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sukhjit Starch & Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.5% | 14.3% | 11.8% | 14.1% | 19.3% | 9.7% | 8.4% | 20.2% | 16.3% | 13.3% | - |
| Value Creation Index ⓘ | 0.0 | 0.0 | -0.2 | 0.0 | 0.4 | -0.3 | -0.4 | 0.4 | 0.2 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 532 | 566 | 652 | 701 | 741 | 797 | 699 | 1,157 | 1,435 | 1,371 | 1,482 |
| Sales YoY Gr. | - | 6.3% | 15.2% | 7.5% | 5.7% | 7.6% | -12.4% | 65.7% | 24% | -4.5% | - |
| Adj EPS ⓘ | 7.9 | 7.8 | 6.3 | 8 | 13.9 | 9.8 | 6.9 | 24.6 | 22.2 | 16.4 | 17.7 |
| YoY Gr. | - | -1.6% | -19.1% | 27.1% | 73% | -29.2% | -29.9% | 256.7% | -9.7% | -26.3% | - |
| BVPS (₹) ⓘ | 68 | 74.4 | 82 | 87.7 | 97.9 | 108.6 | 115.3 | 136 | 155.1 | 168.8 | 177.8 |
| Adj Net Profit ⓘ | 23.4 | 23.1 | 18.7 | 23.7 | 41 | 29.1 | 20.4 | 76.9 | 69.5 | 51.2 | 55 |
| Cash Flow from Ops. ⓘ | 63.4 | 87.3 | 39.9 | 13 | 127 | -51.1 | 90.3 | 141 | 28.2 | 66.3 | - |
| Debt/CF from Ops. ⓘ | 2.6 | 1.5 | 2.7 | 11.8 | 1.2 | -5.7 | 2.9 | 1.7 | 10.5 | 4.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.1% | 13.1% | 25.2% | -4.5% | ||||
| Adj EPS ⓘ | 8.4% | 3.4% | 33.4% | -26.3% | ||||
| BVPSⓘ | 10.6% | 11.5% | 13.5% | 8.8% | ||||
| Share Price | 15.3% | 23.7% | 21.8% | 11.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.3 | 11 | 8.1 | 9.5 | 15 | 9.5 | 6.2 | 20.1 | 15.3 | 10.1 | 10.2 |
| Op. Profit Mgn % ⓘ | 12 | 10.7 | 7.7 | 9.6 | 12.5 | 7.1 | 9.2 | 13.1 | 10 | 9.2 | 8.7 |
| Net Profit Mgn % ⓘ | 4.4 | 4.1 | 2.9 | 3.4 | 5.5 | 3.6 | 2.9 | 6.7 | 4.8 | 3.7 | 3.7 |
| Debt to Equity ⓘ | 0.8 | 0.6 | 0.4 | 0.6 | 0.5 | 0.9 | 0.8 | 0.6 | 0.6 | 0.6 | 0.1 |
| Working Cap Days ⓘ | 114 | 100 | 83 | 95 | 95 | 104 | 140 | 82 | 84 | 111 | 59 |
| Cash Conv. Cycle ⓘ | 72 | 56 | 42 | 52 | 50 | 57 | 73 | 36 | 39 | 55 | 20 |
Sales growth is growing at healthy rate in last 3 years 25.20%
Net Profit is growing at healthy rate in last 3 years 33.43%
Debt to equity has declined versus last 3 years average to 0.58
Return on Equity has declined versus last 3 years average to 10.20%
Sales growth is not so good in last 4 quarters at 8.73%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 17.7 | 17.4 |
| TTM Sales (₹ Cr.) | 1,482 | 1,494 |
| BVPS (₹.) ⓘ | 177.8 | 170 |
| Reserves (₹ Cr.) ⓘ | 538 | 515 |
| P/BV ⓘ | 1.55 | 1.63 |
| PE ⓘ | 15.65 | 15.91 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 200.53 / 324.15 |
| All Time Low / High (₹) | 4.21 / 324.15 |
| Market Cap (₹ Cr.) | 863 |
| Equity (₹ Cr.) | 15.6 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 64.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 532 | 566 | 652 | 701 | 741 | 797 | 699 | 1,157 | 1,435 | 1,371 |
| Operating Expenses ⓘ | 469 | 505 | 601 | 637 | 648 | 741 | 634 | 1,005 | 1,292 | 1,245 |
| Manufacturing Costs | 111 | 109 | 108 | 123 | 139 | 121 | 125 | 188 | 235 | 224 |
| Material Costs | 312 | 347 | 439 | 444 | 436 | 550 | 439 | 719 | 950 | 911 |
| Employee Cost | 27 | 32 | 36 | 38 | 40 | 42 | 41 | 50 | 56 | 58 |
| Other Costs ⓘ | 18 | 17 | 19 | 32 | 33 | 29 | 30 | 49 | 51 | 52 |
| Operating Profit ⓘ | 63 | 61 | 50 | 64 | 93 | 57 | 64 | 152 | 143 | 126 |
| Operating Profit Margin (%) | 11.9% | 10.7% | 7.7% | 9.1% | 12.5% | 7.1% | 9.2% | 13.1% | 10.0% | 9.2% |
| Other Income ⓘ | 2 | 3 | 2 | 5 | 2 | 8 | 4 | 1 | 2 | 8 |
| Interest ⓘ | 18 | 15 | 13 | 18 | 16 | 18 | 21 | 21 | 25 | 30 |
| Depreciation ⓘ | 13 | 12 | 12 | 15 | 13 | 13 | 18 | 25 | 27 | 27 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 34 | 36 | 28 | 36 | 66 | 33 | 30 | 107 | 93 | 77 |
| Tax ⓘ | 11 | 13 | 9 | 13 | 24 | 0 | 8 | 30 | 23 | 22 |
| Profit After Tax | 23 | 23 | 19 | 23 | 42 | 34 | 23 | 77 | 70 | 56 |
| PAT Margin (%) | 4.4% | 4.1% | 2.9% | 3.3% | 5.6% | 4.2% | 3.2% | 6.7% | 4.9% | 4.1% |
| Adjusted EPS (₹) | 7.9 | 7.8 | 6.4 | 7.8 | 14.1 | 11.4 | 7.7 | 24.7 | 22.5 | 17.8 |
| Dividend Payout Ratio (%) | 16% | 16% | 19% | 21% | 27% | 9% | 20% | 20% | 18% | 22% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 201 | 220 | 242 | 259 | 289 | 321 | 340 | 425 | 485 | 527 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 15 | 15 | 15 | 16 | 16 | 16 |
| Reserves ⓘ | 193 | 212 | 235 | 252 | 274 | 306 | 326 | 409 | 469 | 512 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 152 | 127 | 104 | 151 | 151 | 277 | 240 | 224 | 276 | 281 |
| Long Term Debt | 63 | 56 | 47 | 51 | 113 | 160 | 154 | 116 | 101 | 84 |
| Short Term Debt | 89 | 71 | 57 | 100 | 39 | 117 | 86 | 108 | 175 | 197 |
| Trade Payables | 24 | 33 | 31 | 37 | 29 | 41 | 41 | 47 | 53 | 70 |
| Others Liabilities ⓘ | 54 | 48 | 64 | 81 | 105 | 114 | 128 | 134 | 160 | 161 |
| Total Liabilities ⓘ | 430 | 428 | 441 | 528 | 575 | 753 | 750 | 830 | 973 | 1,040 |
Fixed Assets | ||||||||||
| Gross Block | 304 | 320 | 337 | 336 | 367 | 379 | 541 | 551 | 607 | 632 |
| Accumulated Depreciation | 86 | 98 | 110 | 125 | 137 | 151 | 168 | 190 | 195 | 221 |
| Net Fixed Assetsⓘ | 218 | 221 | 227 | 211 | 229 | 228 | 373 | 360 | 412 | 412 |
| CWIP ⓘ | 5 | 9 | 10 | 14 | 66 | 181 | 67 | 64 | 16 | 29 |
| Investmentsⓘ | 14 | 25 | 39 | 64 | 93 | 49 | 47 | 104 | 116 | 121 |
| Inventories | 79 | 57 | 54 | 92 | 53 | 152 | 101 | 96 | 168 | 218 |
| Trade Receivables | 55 | 57 | 60 | 70 | 61 | 55 | 62 | 67 | 80 | 79 |
| Cash Equivalents | 21 | 18 | 7 | 8 | 11 | 12 | 12 | 12 | 12 | 15 |
| Others Assetsⓘ | 38 | 40 | 44 | 69 | 61 | 76 | 89 | 127 | 168 | 165 |
| Total Assets ⓘ | 430 | 428 | 441 | 528 | 575 | 753 | 750 | 830 | 973 | 1,040 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 63 | 87 | 40 | 13 | 127 | -51 | 90 | 141 | 28 | 66 |
| PBT ⓘ | 34 | 36 | 28 | 36 | 66 | 33 | 30 | 107 | 93 | 77 |
| Adjustment ⓘ | 29 | 25 | 22 | 31 | 27 | 23 | 33 | 44 | 50 | 49 |
| Changes in Working Capital ⓘ | 6 | 33 | -3 | -47 | 51 | -95 | 32 | 13 | -95 | -44 |
| Tax Paid ⓘ | -6 | -7 | -7 | -7 | -17 | -12 | -5 | -23 | -19 | -15 |
| Cash Flow From Investing Activity ⓘ | -20 | -31 | -29 | -38 | -94 | -73 | -41 | -103 | -41 | -36 |
| Capex | -29 | -20 | -16 | -13 | -68 | -115 | -45 | -25 | -29 | -33 |
| Net Investments | 7 | -13 | -14 | -26 | -28 | 41 | 3 | -79 | -12 | -5 |
| Others ⓘ | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 2 |
| Cash Flow From Financing Activityⓘ | -32 | -60 | -21 | 25 | -29 | 125 | -49 | -38 | 13 | -27 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -17 | -15 | -12 | -17 | -16 | -17 | -20 | -20 | -24 | -30 |
| Dividend Paid ⓘ | -3 | -9 | 0 | -4 | -12 | 0 | -3 | -19 | -13 | -12 |
| Others ⓘ | -12 | -36 | -9 | 47 | -1 | 143 | -27 | -25 | 50 | 14 |
| Net Cash Flow ⓘ | 12 | -3 | -10 | 0 | 3 | 1 | 0 | 0 | 0 | 3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.15 | 10.97 | 8.23 | 9.2 | 15.21 | 10.99 | 6.84 | 20.2 | 15.43 | 10.99 |
| ROCE (%) | 14.45 | 14.27 | 11.75 | 14.13 | 19.3 | 9.72 | 8.38 | 20.2 | 16.29 | 13.33 |
| Asset Turnover Ratio | 1.33 | 1.39 | 1.57 | 1.46 | 1.34 | 1.2 | 0.93 | 1.46 | 1.59 | 1.36 |
| PAT to CFO Conversion(x) | 2.74 | 3.78 | 2.11 | 0.57 | 3.02 | -1.5 | 3.91 | 1.83 | 0.4 | 1.18 | Working Capital Days |
| Receivable Days | 35 | 35 | 31 | 34 | 32 | 26 | 31 | 20 | 19 | 21 |
| Inventory Days | 56 | 42 | 30 | 38 | 36 | 47 | 66 | 31 | 34 | 51 |
| Payable Days | 28 | 30 | 27 | 28 | 27 | 23 | 34 | 22 | 19 | 25 |
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
Feeds & Nutrients
Sweetner
Achievements/ recognition:
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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