Sukhjit Starch & Chemicals consolidated net profit declines 5.25% in the September 2022 quarter

Sukhjit Starch & Chemicals hit an upper circuit limit of 20% to Rs 424.65 after the company’s consolidated net profit surged 156.58% to Rs 26.53 crore on 78.69% rise in net sales to Rs 318.65 crore in Q3 December 2021 over Q3 December 2020.

Sukhjit Starch hits the roof after blockbuster Q3 outcome

Sukhjit Starch & Chemicals consolidated net profit rises 474.58% in the September 2021 quarter

Sukhjit Starch & Chemicals reports consolidated net profit of Rs 9.65 crore in the June 2021 quarter

Sukhjit Starch & Chemicals reports standalone net profit of Rs 11.35 crore in the June 2021 quarter

Sukhjit Starch & Chemicals consolidated net profit rises 89.74% in the March 2021 quarter

Sukhjit Starch & Chemicals consolidated net profit rises 69.79% in the December 2020 quarter

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company is a manufacturer of starch and its derivatives. It is engaged in business of Maize Starch, Dextrin, Liquid Glucose, Malto-Dextrin, Dextrose Monohydrate, Dextrose Anhydrous, Sorbitol-70% Solution and various by-products.