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Sukhjit Starch & Chemicals Ltd.
(SUKHJITS)
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Rating:49Neutral
Price Target:
₹142.00
▼(-11.53% Downside)
Action:Reiterated
Date:08/30/26
The score is primarily held back by weakening financial performance—especially sharp margin compression and a shift to negative operating/free cash flow in FY26—despite a gradually improving leverage profile. Technical indicators add a mild drag given negative MACD and price below key longer-term moving averages. Valuation is reasonable (P/E ~14.5) but the low dividend yield provides limited support.
Positive Factors
Diversified Product Applications
Serving multiple industrial and consumer-goods applications gives the company several demand channels rather than dependence on one end market. Its modified starches and derivatives also support customer-specific functionality, potentially strengthening product relevance and mix quality over the medium term.
Negative Factors
Severe Margin Compression
The sharp decline in both gross and net margins shows that revenue is converting into substantially less profit than before. Persistent pricing or cost pressure could weaken earnings quality, reduce reinvestment capacity, and make profitability more sensitive to changes in maize economics and product mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Product Applications
Serving multiple industrial and consumer-goods applications gives the company several demand channels rather than dependence on one end market. Its modified starches and derivatives also support customer-specific functionality, potentially strengthening product relevance and mix quality over the medium term.
Read all positive factors
Sukhjit Starch & Chemicals Ltd. (SUKHJITS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.42B
Dividend Yield0.71%
Average Volume (3M)1.25K
Price to Earnings (P/E)9.6
Beta (1Y)1.12
Revenue Growth9.42%
EPS Growth97.19%
CountryIN
Employees1,210
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)14.45
Shares Outstanding31,244,000
10 Day Avg. Volume1,803
30 Day Avg. Volume1,246
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)0.85
Price to Sales (P/S)0.34
P/FCF Ratio-12.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)25.72
Revenue Forecast (FY)₹15.50B
Sukhjit Starch & Chemicals Ltd. Business Overview & Revenue Model
Company Description
Established in 1943 and headquartered in Phagwara, India, The Sukhjit Starch & Chemicals Limited is a prominent Indian manufacturer and supplier of starch and various derivatives. The company's business activities are structured into four distinct...
How the Company Makes Money
The company makes money primarily by procuring maize and converting it through wet milling and downstream processing into a range of saleable starch and starch-based products that are sold to industrial and consumer-goods manufacturers. Key revenu...
Sukhjit Starch & Chemicals Ltd. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
64
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.52B | 14.32B | 14.98B | 13.75B | 14.47B | 11.59B |
| Gross Profit | 3.39B | 2.79B | 1.31B | 2.43B | 4.57B | 2.61B |
| EBITDA | 1.21B | 1.01B | 1.20B | 1.38B | 1.50B | 1.60B |
| Net Income | 451.40M | 270.30M | 399.51M | 499.62M | 633.63M | 728.45M |
Balance Sheet | ||||||
| Total Assets | 10.77B | 10.89B | 10.30B | 10.22B | 9.53B | 8.49B |
| Cash, Cash Equivalents and Short-Term Investments | 1.38B | 900.50M | 684.47M | 953.43M | 873.78M | 753.40M |
| Total Debt | 3.25B | 3.45B | 2.99B | 3.38B | 3.32B | 2.88B |
| Total Liabilities | 4.83B | 5.22B | 4.87B | 5.19B | 4.88B | 4.36B |
| Stockholders Equity | 5.94B | 5.67B | 5.43B | 5.03B | 4.66B | 4.13B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -386.90M | 19.15M | 351.95M | 41.20M | 1.14B |
| Operating Cash Flow | 0.00 | -235.90M | 417.54M | 777.42M | 409.80M | 1.44B |
| Investing Cash Flow | 0.00 | -115.60M | -33.21M | -392.09M | -429.00M | -846.26M |
| Financing Cash Flow | 0.00 | 348.50M | -381.12M | -355.82M | 24.10M | -597.21M |
Sukhjit Starch & Chemicals Ltd. Technical Analysis
Negative
160.50
Price Trends
154.14
Negative
160.54
Negative
168.53
Negative
Market Momentum
-3.51
Negative
38.17
Neutral
22.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUKHJITS, the sentiment is Negative. The current price of 160.5 is above the 20-day moving average (MA) of 145.40, above the 50-day MA of 154.14, and below the 200-day MA of 168.53, indicating a bearish trend. The MACD of -3.51 indicates Negative momentum. The RSI at 38.17 is Neutral, neither overbought nor oversold. The STOCH value of 22.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SUKHJITS.
Sukhjit Starch & Chemicals Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹13.38B | 15.97 | ― | 0.91% | 40.77% | 54.07% | |
63 Neutral | ₹15.30B | 4.17 | ― | 9.71% | -95.58% | -72.91% | |
63 Neutral | ₹15.36B | 25.51 | ― | 2.27% | 34.77% | 25.92% | |
59 Neutral | ₹125.34B | 33.70 | ― | 0.31% | 21.63% | 60.79% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹19.29B | 360.32 | ― | 0.09% | 13.55% | -77.69% | |
49 Neutral | ₹4.42B | 9.62 | ― | 0.71% | 9.42% | 97.19% |
* General Sector Average
IN:SUKHJITS
Sukhjit Starch & Chemicals Ltd.
141.50
-18.52
-11.58%
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Sukhjit Starch & Chemicals Ltd. Corporate Events
Sukhjit Starch & Chemicals Posts Higher H1 FY27 Earnings and Reshapes Board Committees
Oct 23, 2026
Sukhjit Starch Chemicals Ltd. reported its standalone unaudited financial results for the quarter and half year ended Sept. 30, 2026, showing revenue from operations of Rs. 408.49 crore in the latest quarter and Rs. 803.61 crore for the half year...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.