Sukhjit Starch & Chemicals Ltd

Sukhjit Starch & Chemicals Ltd

₹ 263 -2.30%
26 Nov - close price
About

Incorporated in 1943, The Sukhjit Starch & Chemicals Ltd is an Agro-Processing company that manufactures starch & its derivatives[1]

Key Points

Business Overview:[1]
SSCL is a part of the Sardana family and associates. The company primarily manufactures starch, its derivatives, and
other by-products.

  • Market Cap 821 Cr.
  • Current Price 263
  • High / Low 314 / 201
  • Stock P/E 15.1
  • Book Value 170
  • Dividend Yield 1.52 %
  • ROCE 11.8 %
  • ROE 9.44 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 22.1%

Cons

  • Company has a low return on equity of 14.0% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
278 319 353 362 347 347 391 323 321 361 370 395 368
241 273 304 322 310 315 354 295 292 324 337 361 336
Operating Profit 37 46 49 40 37 32 38 28 29 37 33 34 32
OPM % 13% 14% 14% 11% 11% 9% 10% 9% 9% 10% 9% 9% 9%
1 1 0 0 1 1 1 2 3 2 3 1 3
Interest 7 6 5 6 7 7 8 8 8 8 8 7 9
Depreciation 9 9 9 9 9 9 9 9 9 9 9 9 9
Profit before tax 23 31 35 26 21 18 22 14 16 21 19 18 17
Tax % 25% 25% 36% 25% 25% 24% 32% 24% 27% 24% 38% 25% 25%
17 24 23 19 16 13 15 11 11 16 12 14 13
EPS in Rs 5.75 7.98 7.28 6.14 5.15 4.28 4.74 3.42 3.65 5.13 3.81 4.43 4.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
421 506 532 565 652 701 742 799 699 1,159 1,447 1,375 1,494
372 457 468 505 602 638 650 743 634 1,001 1,299 1,247 1,358
Operating Profit 50 49 64 60 50 63 92 56 65 158 147 128 136
OPM % 12% 10% 12% 11% 8% 9% 12% 7% 9% 14% 10% 9% 9%
1 3 2 3 2 5 3 10 8 3 3 10 8
Interest 14 17 18 15 13 18 16 19 23 24 28 33 33
Depreciation 9 12 13 12 12 15 13 14 22 35 36 35 35
Profit before tax 27 23 34 35 27 36 66 33 28 102 86 70 76
Tax % 24% 32% 33% 36% 33% 37% 37% -1% 26% 29% 27% 28%
21 16 23 22 18 23 42 33 21 73 63 50 54
EPS in Rs 7.03 5.35 7.74 7.59 6.20 7.66 14.11 11.23 7.09 23.35 20.31 16.01 17.39
Dividend Payout % 18% 16% 16% 16% 20% 21% 27% 9% 21% 21% 20% 25%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 25%
TTM: 8%
Compounded Profit Growth
10 Years: 13%
5 Years: 2%
3 Years: 35%
TTM: 8%
Stock Price CAGR
10 Years: 14%
5 Years: 22%
3 Years: 18%
1 Year: 26%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 14%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 7 7 7 15 15 15 16 16 16 16
Reserves 156 169 189 208 229 246 269 300 318 397 450 487 515
146 161 165 129 106 153 186 322 312 288 332 338 361
56 62 52 61 77 111 123 163 152 148 155 181 160
Total Liabilities 365 399 414 405 419 518 593 799 797 849 953 1,022 1,052
183 200 219 222 234 233 244 249 509 513 559 551 537
CWIP 15 10 5 9 11 32 128 282 74 64 17 31 44
Investments 14 14 9 19 33 47 77 11 9 66 78 83 71
153 175 181 154 141 205 144 257 205 206 300 356 400
Total Assets 365 399 414 405 419 518 593 799 797 849 953 1,022 1,052

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
16 31 65 86 40 11 126 -61 116 144 41 78
-38 -22 -22 -30 -29 -43 -146 -92 -68 -85 -43 -39
23 -4 -31 -59 -21 42 18 151 -50 -60 2 -36
Net Cash Flow 2 6 12 -3 -10 11 -2 -2 -2 -0 0 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 39 39 38 34 37 30 25 33 21 20 21
Inventory Days 121 109 94 55 45 76 45 101 85 55 68 92
Days Payable 34 29 28 32 26 30 27 28 39 27 22 30
Cash Conversion Cycle 131 119 105 61 54 83 49 98 79 49 67 83
Working Capital Days 87 83 76 58 51 70 40 73 54 37 52 65
ROCE % 15% 12% 15% 14% 12% 13% 19% 8% 7% 19% 15% 12%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
64.44% 66.14% 66.14% 66.16% 66.18% 66.21% 66.21% 66.22% 66.24% 66.34% 66.34% 66.33%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.02% 0.01% 0.07% 0.06%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.22% 0.00% 0.00% 0.00%
35.56% 33.86% 33.86% 33.84% 33.83% 33.78% 33.78% 33.78% 33.52% 33.66% 33.60% 33.62%
No. of Shareholders 6,1096,2966,4076,6237,1426,9858,0188,4538,76110,15010,2209,795

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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