Sukhjit Starch & Chemicals Ltd (NSE: SUKHJITS) Dividend Stock: This is an opportunity for investors to bet on dividend-paying businesses.
Sukhjit Starch and Chemical Limited (Sukhjit Starch) will be listed as an ex-dividend stock in the current market.
The company will review its financial book on the day. The shares of the company were at 590.70 rupees a gain in the amount of 0.94 percent.
Profit Of Rs 8 On One Share (Sukhjit The Starch Ex-dividend Date)
The company announced to the stock market on January 4, that its date of record for dividends would be January 15, 2024.
The company had previously declared that January 12, 2024, was the date for record. However, it was changed the following day.
Anyone whose name is in the books that the firm keeps will receive the benefits of the dividend. It will also pay dividends of 8 rupees per share.
The company will pay dividends in 2022. As of 2022, the firm provided a sum of 18 rupees to its investors on two occasions.
The company also offered dividends for investors that earned dividends in 2020 and 2021.
What Is The Performance Of The Stock Market?
Over the last month, the shares of the company’s price have risen to 25 percent. However, investors who have held the stock for six months have earned a profit of 43 percent so far.
But, the price of the stock has grown only by 31 percent over the past year. The company’s 52 week high is 596.80 per share. Its 52-week low level is 359.90 per share.
However, the market capitalization that the business has is 922.79 crore.
About Sukhjit Starch And Chemicals Ltd
Sukhjit Starch & Chemicals Ltd is a business founded by two businessmen.
The plant was set up in a small township named Phagwara within the states of “Punjab and East Punjab Union” which is also known by the name of Granary of India in 1943.
It is an Indian-based producer of starch ingredients and derivatives.
It has grown through clever and creative use of its distinctive traditions, starting with the humble beginning of 1800 TPA Corn Grind in 1943 to a total of 600,000 TPA of Corn Grind.
Alongside Native Starch, it manufactures Modified Starches, Dextrins, Liquid Glucose HMS, Malto-Dextrin Mono-Hydrate Dextrose Anhydrous Dextrose Sorbitol-70 Solutions, and many other By-Products.
Its business is split into four parts: Starch and its derivatives and readymade garments, leasing and Hire Purchase financing manufacturing of heavy equipment.
Fundamental Analysis of Sukhjit Starch And Chemicals Ltd
| Market Cap | ₹ 888 Cr. |
| Current Price | ₹ 567.35 |
| 52-wk High | ₹ 597.90 |
| 52-wk Low | ₹ 360.30 |
| Stock P/E | 17.65 |
| Book Value | ₹ 312 |
| Dividend | 1.40 % |
| ROCE | 15.2 % |
| ROE | 14.3 % |
| Face Value | ₹ 10.0 |
| P/B Value | 1.82 |
| OPM | 9.27 % |
| EPS | ₹ 32.1 |
| Debt | ₹ 372 Cr. |
| Debt to Equity | 0.76 |
Sukhjit Starch And Chemicals Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹600 | ₹710 |
| 2025 | ₹741 | ₹855 |
| 2026 | ₹900 | ₹954 |
| 2027 | ₹1100 | ₹1170 |
| 2028 | ₹1280 | ₹1390 |
| 2029 | ₹1500 | ₹1560 |
| 2030 | ₹1600 | ₹1800 |
Sukhjit Starch And Chemicals Ltd Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 66.16% |
| Dec 2022 | 66.18% |
| Mar 2023 | 66.21% |
| June 2023 | 66.21% |
| Sept 2023 | 66.22% |
| FII Holding | |
| Sept 2022 | 0.00% |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.01% |
| Sept 2023 | 0.00% |
| Public Holding | |
| Sept 2022 | 33.84% |
| Dec 2022 | 33.83% |
| Mar 2023 | 33.78% |
| June 2023 | 33.78% |
| Sept 2023 | 33.78% |
Sukhjit Starch And Chemicals Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 742 Cr |
| 2020 | ₹ 799 Cr |
| 2021 | ₹ 699 Cr |
| 2022 | ₹ 1,159 Cr |
| 2023 | ₹ 1,383 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 42 Cr |
| 2020 | ₹ 33 Cr |
| 2021 | ₹ 21 Cr |
| 2022 | ₹ 73 Cr |
| 2023 | ₹ 50 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.66 |
| 2020 | 0.99 |
| 2021 | 0.82 |
| 2022 | 0.6 |
| 2023 | 0.69 |
Last 10 Years’ Profit Growth:
| 10 Years: | 11% |
| 5 Years: | 25% |
| 3 Years: | 30% |
| Current Year: | -38% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 12% |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 14% |
Sales Growth Over 10 Years:
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 22% |
| Current Year: | 0% |
Company’s Positive Signs:
- The company has achieved an earnings growth of 24.7 percent CAGR over the last five years.
- The company has maintained an excellent dividend payment of 20.8 percent.
Company’s Negative Signs:
- Over the last three years, the company has had a lower return on equity, which is 13.5 percent.
Conclusion
This article is a complete guide about Sukhjit Starch And Chemicals Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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