SUKHJITSFast Moving Consumer Goods

Sukhjit Starch & Chemicals Limited

Other Agricultural Products · ISIN INE450E01029 · BSE 524542 · NSE EQ · FV ₹5
Last price
₹161
+0.94%today
What this company does

Sukhjit Starch & Chemicals Limited operates in Other Agricultural Products, part of the Fast Moving Consumer Goods sector. It booked ₹396 cr of revenue in its latest quarter (Q1 FY27) and kept 3.1% of sales as profit.

Established in 1943, Sukhjit Starch and Chemicals Limited is one of India’s oldest and largest starch manufacturers, specialising in the production of starch and its derivatives. Challenges Over the years, the Company has built strong relationships Inadequate manufacturing of specialty and modified with leading brands and customers, across diverse starches industries.
In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 89–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns35

How much profit it earns on the money it employs

Balance sheet37

How much it owes, and whether earnings cover the interest

Cash quality44

Whether reported profit actually arrives as cash

Growth & consistency35

Whether sales and profit have grown, and how steadily

Valuation86

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 7% vs last year
Profit up 143% vs last year
Promoters hold 66%
No promoter shares pledged
Watch-outs
! Thin 3.1% net margin
! Operating cash flow is negative

What if I invest in SUKHJITS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹161 +0.94%
latest close · 2026-09-17
52-wk low ₹15442 sessions so far52-wk high ₹177
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.3Low
LowAverageHigh
P/B ratio0.88Below book
Below bookModerateHigh
EV / EBITDA6.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.6%Fair
WeakFairStrong ▸15%
Return on capital11.9%Fair
WeakFairStrong
Net margin3.1%Thin
ThinDecentStrong
EBITDA margin7.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.58Moderate
LowModerateHigh ▸1
Interest cover3.4×Okay
RiskyOkayStrong ▸5×
Current ratio1.59Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹502 cr
Book value
₹182
EPS
₹3.89
latest quarter
Net debt
₹330 cr
owes more than its cash
Enterprise value
₹832 cr
EBITDA
₹125 cr
annualised
EBIT
₹90 cr
annualised
Operating margin
5.7%
Return on assets
4.5%
Earnings yield
9.68%
P/S
0.32
Sales / share
₹506.6
Tax rate
23.3%
Face value
₹5
Shares
3.1 cr
Working capital
₹197 cr
Current assets
₹530 cr
Current liabilities
₹333 cr
Delivery %
82.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 11% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹103₹242, midpoint ₹196

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹396 cr
Other Income₹1 cr
Total Income₹397 cr
Cost of Materials₹258 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹27 cr
Employee Benefit Expense₹16 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹9 cr
Other Expenses₹65 cr
Total Expenses₹381 cr
Profit before Tax₹16 cr
Tax Expense₹4 cr
Net Profit₹12 cr
Net margin on total income3.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹284 cr71.7%
Employee benefit expense₹16 cr4.1%
Finance costs₹7 cr1.7%
Depreciation & amortisation₹9 cr2.2%
Other expenses₹65 cr16.4%
Tax expense₹4 cr0.9%
Profit for the period₹12 cr3.1%
Total income ₹397 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue347 cr402 cr396 cr
Total income349 cr411 cr397 cr
Expenses345 cr390 cr381 cr
Profit before tax4 cr20 cr16 cr
Tax1 cr6 cr4 cr
Net profit (owners' share)3 cr15 cr12 cr
Net margin (owners' share, on revenue)0.9%3.6%3.1%
EPS (₹)1.004.673.89
YoY (latest quarter): total income +6.5% · net profit +142.5%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,089 cr
Shareholder equity
₹567 cr
parent shareholders
Total debt
₹330 cr
Cash
₹71 L
Cash flow · H1 FY26
Operating
₹-80 cr
Investing
₹-2 cr
Financing
₹83 cr
Peer comparison
Other Agricultural Products · by market value
CompanyPriceMarket capP/E
LT Foods Limited₹422₹14,651 cr20.0
KRBL Limited₹395₹9,051 cr8.7
Gujarat Ambuja Exports Limited₹159₹7,312 cr10.4
TruAlt Bioenergy Limited₹424₹3,635 cr15.9
Kaveri Seed Company Limited₹703₹3,618 cr3.2
Sanstar Limited₹116₹2,314 cr57.8
Amir Chand Jagdish Kumar (Exports) Limited₹194₹2,006 cr13.6
GRM Overseas Limited₹80₹1,660 cr39.3
Chaman Lal Setia Exports Limited₹296₹1,470 cr11.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.62%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 20 Aug 2026
ActionDetailEx-date
Dividend₹1 / share20 Aug 2026
Dividend₹1 / share20 Aug 2025
Stock splitStock Split From Rs.10/- to Rs.5/-25 Oct 2024
Dividend₹8 / share15 Jan 2024
Dividend₹8 / share15 Dec 2022
Dividend₹10 / share17 Feb 2022
Who owns it · 2026-06-30
No pledge
Promoter
66.2%
Public
33.9%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMANJOO SARDANA · Promoters9,423 · ₹14.3 L30 Mar 26
BoughtKULDIP KRISHAN SARDANA · Key Managerial Personnel8,494 · ₹12.9 L30 Mar 26
BoughtKULDIP KRISHAN SARDANA · Key Managerial Personnel2,891 · ₹4.5 L30 Mar 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Aug 2026
See the official result
1
Ordinary Resolution to receive, consider and adopt the Directors' Report, Auditors' Report, Audited Balance Sheet and Profit & Loss Account for the year ended 31.03.2026.
Backed by 100% of shareholders other than promotersneeded 50%
14.13 L votes for, 2 against
2
Ordinary Resolution to declare Dividend on equity shares for the year ended 31.03.2026.
Backed by 100% of shareholders other than promotersneeded 50%
14.13 L votes for, 38 against
3
Ordinary Resolution to appoint Director in place of Sh. Kuldip Krishan Sardana (DIN: 00398376) who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
14.13 L votes for, 39 against
4
Special Resolution for re-appointment of Sh. M.G. Sharma (DIN: 00398326) as an Executive Director of the Company w.e.f. 1st day of June, 2026 to hold office for a period of 5 years i.e. upto 31st day of May, 2031.
Backed by 100% of shareholders other than promotersneeded 75%
13.94 L votes for, 39 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 39 named members
owning 66.1% between them · as of 2026-06-30
BHAVDEEP SARDANA8.06%
PUNEET SARDANA8.04%
MANJOO SARDANA8.01%
DHIRAJ SARDANA7.73%
PANKAJ SARDANA7.70%
KULDIP KRISHAN SARDANA5.87%
KULDIP KRISHAN SARDANA (HUF)2.31%
ROSINA MALIK2.07%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.