SUKHJITS

Sukhjit Starch & Chemicals Limited

Maize-based starch and derivatives manufacturer with infrastructure business

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Other Agricultural Products

sukhjitgroup.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹142.45
Market cap
445 Cr
Stock P/E
13.0
P/B
0.78
Dividend yield
0.7%
ROE (FY26)
4.8%
ROCE (FY26)
7.4%
Operating margin (FY26)
3.4%
Debt / equity (FY26)
0.58
OCF / EBITDA (FY26)
4.6%
OCF / EBITDA (3Y)
46.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Sukhjit Starch (Sukhjit Starch & Chemicals) processes maize into starch and starch derivatives for industries such as food processing, paper, textiles, pharmaceuticals and packaging.

Company snapshot

16thBy market cap

Ranked among 23 companies in Other Agricultural Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Infrastructure Division
4.2%
48 Cr1 Cr—
Maize Processing Division
99.4%
1,131 Cr72 Cr—
Others
0.2%
2 Cr0.17 Cr—

Shares add up to 104% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Net margin is very thin at 1.9% — little room for error if costs rise.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales321 Cr361 Cr370 Cr395 Cr368 Cr375 Cr360 Cr369 Cr315 Cr347 Cr402 Cr396 Cr
Operating expenses (approx.)292 Cr324 Cr337 Cr361 Cr336 Cr346 Cr343 Cr350 Cr296 Cr327 Cr376 Cr366 Cr
EBITDA29 Cr37 Cr33 Cr34 Cr32 Cr29 Cr17 Cr19 Cr18 Cr20 Cr26 Cr30 Cr
OPM %9.2%10.2%9.0%8.5%8.6%7.8%4.7%5.2%5.8%5.6%6.4%7.6%
Other income3 Cr2 Cr3 Cr0.93 Cr3 Cr2 Cr3 Cr3 Cr5 Cr2 Cr9 Cr1 Cr
Interest8 Cr8 Cr8 Cr7 Cr9 Cr8 Cr6 Cr7 Cr9 Cr8 Cr7 Cr7 Cr
Depreciation9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr10 Cr9 Cr9 Cr9 Cr7 Cr9 Cr
Profit before tax16 Cr21 Cr19 Cr18 Cr17 Cr14 Cr4 Cr6 Cr5 Cr4 Cr20 Cr16 Cr
Tax %26.7%23.8%38.4%25.2%25.1%24.8%36.4%16.8%12.4%25.1%28.6%23.3%
Net profit11 Cr16 Cr12 Cr14 Cr13 Cr11 Cr3 Cr5 Cr4 Cr3 Cr15 Cr12 Cr
EPS (₹)₹7.29₹10.26₹7.61₹8.85₹8.03₹3.45₹0.90₹1.60₹1.38₹1.00₹4.67₹3.89

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales684 Cr709 Cr741 Cr799 Cr699 Cr1,159 Cr1,447 Cr1,375 Cr1,498 Cr1,432 CrSign in free for the trailing twelve months
Operating expenses (approx.)634 Cr646 Cr650 Cr743 Cr634 Cr1,001 Cr1,299 Cr1,247 Cr1,386 Cr1,350 CrSign in free for the trailing twelve months
EBITDA50 Cr63 Cr92 Cr56 Cr65 Cr158 Cr147 Cr128 Cr112 Cr83 CrSign in free for the trailing twelve months
OPM %7.3%8.8%12.4%7.0%9.3%13.6%10.2%9.3%7.5%5.8%Sign in free for the trailing twelve months
Other income2 Cr5 Cr3 Cr10 Cr8 Cr3 Cr3 Cr10 Cr8 Cr19 CrSign in free for the trailing twelve months
Interest13 Cr18 Cr16 Cr19 Cr23 Cr24 Cr28 Cr33 Cr30 Cr31 CrSign in free for the trailing twelve months
Depreciation12 Cr15 Cr13 Cr14 Cr22 Cr35 Cr36 Cr35 Cr36 Cr34 CrSign in free for the trailing twelve months
Profit before tax27 Cr36 Cr66 Cr33 Cr28 Cr102 Cr86 Cr70 Cr54 Cr36 CrSign in free for the trailing twelve months
Tax %33.1%36.7%37.3%-1.3%25.8%28.5%26.5%28.5%25.9%24.0%Sign in free for the trailing twelve months
Net profit18 Cr23 Cr41 Cr33 Cr21 Cr73 Cr63 Cr50 Cr40 Cr27 CrSign in free for the trailing twelve months
EPS (₹)₹26.10₹31.87₹27.90₹22.45₹14.17₹46.63₹40.56₹31.98₹12.79₹5.65Sign in free for the trailing twelve months
Dividend payout %————14.3%26.0%19.8%24.6%0.3%12.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital7 Cr7 Cr15 Cr15 Cr15 Cr16 Cr16 Cr16 Cr16 Cr16 Cr
Reserves229 Cr261 Cr268 Cr300 Cr318 Cr397 Cr450 Cr487 Cr527 Cr552 Cr
Borrowings104 Cr153 Cr186 Cr311 Cr273 Cr248 Cr319 Cr324 Cr284 Cr330 Cr
Other liabilities79 Cr96 Cr123 Cr174 Cr191 Cr188 Cr168 Cr195 Cr203 Cr192 Cr
Total liabilities419 Cr518 Cr593 Cr800 Cr797 Cr849 Cr953 Cr1,022 Cr1,030 Cr1,089 Cr
Fixed assets (net)211 Cr211 Cr223 Cr229 Cr488 Cr493 Cr537 Cr530 Cr545 Cr526 Cr
CWIP11 Cr29 Cr128 Cr282 Cr74 Cr64 Cr17 Cr31 Cr19 Cr12 Cr
Investments33 Cr47 Cr77 Cr33 Cr29 Cr87 Cr99 Cr104 Cr74 Cr91 Cr
Loans & advances———28 Cr21 Cr12 Cr8 Cr5 Cr4 Cr7 Cr
Inventories55 Cr92 Cr54 Cr152 Cr102 Cr108 Cr179 Cr230 Cr227 Cr302 Cr
Trade receivables61 Cr71 Cr62 Cr54 Cr63 Cr67 Cr81 Cr79 Cr114 Cr94 Cr
Cash & bank0.46 Cr11 Cr7 Cr4 Cr2 Cr1 Cr2 Cr2 Cr0.93 Cr0.71 Cr
Other assets48 Cr56 Cr43 Cr18 Cr18 Cr16 Cr31 Cr39 Cr47 Cr56 Cr
Total assets419 Cr518 Cr593 Cr800 Cr797 Cr849 Cr953 Cr1,022 Cr1,030 Cr1,089 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity40 Cr10 Cr126 Cr-61 Cr116 Cr144 Cr41 Cr78 Cr68 Cr4 Cr
Cash from investing-29 Cr-42 Cr-146 Cr-92 Cr-68 Cr-85 Cr-43 Cr-39 Cr-1 Cr-10 Cr
Cash from financing-21 Cr42 Cr18 Cr151 Cr-50 Cr-60 Cr2 Cr-36 Cr-66 Cr6 Cr
Net cash flow-10 Cr11 Cr-2 Cr-2 Cr-2 Cr-0.13 Cr0.49 Cr3 Cr0.32 Cr-0.30 Cr
Free cash flow (OCF − Capex)22 Cr-22 Cr6 Cr-225 Cr42 Cr114 Cr4 Cr35 Cr28 Cr-11 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.8%12.6%17.5%8.3%8.4%19.0%14.6%12.4%10.2%7.4%
ROE %7.8%8.4%14.6%10.5%6.3%17.7%13.6%9.9%7.4%4.8%
Debtor days33373025332120212824
Inventory days427041927851648772107
Days payable24282426352521282527
Cash conversion cycle517947917547648075104
OCF / EBITDA %80.4%16.1%137.5%-108.8%179.9%91.4%27.9%60.7%60.7%4.6%
OCF / EBITDA % (3 years)——86.3%35.8%85.5%71.8%81.6%60.7%48.2%46.3%
Debt / equity0.440.570.660.990.820.600.690.650.520.58
Current ratio1.771.672.011.341.231.251.311.311.471.59
Net debt / EBITDA2.082.271.965.514.201.572.162.522.543.99