Sukhjit Starch and Chemicals Ltd
BSE:524542
Sukhjit Starch and Chemicals Ltd
Sukhjit Starch & Chemicals Ltd. engages in the production of starches, nutrients, and sweeteners. The company is headquartered in Phagwara, Punjab and currently employs 1,266 full-time employees. The company went IPO on 2005-02-08. The firm manufactures modified starches, dextrines, liquid glucose, HMS, malto-dextrin, mono-hydrate dextrose, anyhydrose dextrose, sorbitol-70% solution and various by-products, such as such as maize oil, maize oil cake, maize bran, maize germ, and corn gluten catering to a spectrum of industries. The firm's segments include starch & its derivatives. The firm offers products in various categories, such as food and drink, including baked goods, frozen foods, honey and preserved foods; paper and board, including wet end and coating; personal care and pharma, including tooth paste, shoe polish and bulk drug fermentation, and animal feed and pet foods, including pet foods, poultry feed and cattle feed. The firm's processing facility is in Punjab.
Sukhjit Starch & Chemicals Ltd. engages in the production of starches, nutrients, and sweeteners. The company is headquartered in Phagwara, Punjab and currently employs 1,266 full-time employees. The company went IPO on 2005-02-08. The firm manufactures modified starches, dextrines, liquid glucose, HMS, malto-dextrin, mono-hydrate dextrose, anyhydrose dextrose, sorbitol-70% solution and various by-products, such as such as maize oil, maize oil cake, maize bran, maize germ, and corn gluten catering to a spectrum of industries. The firm's segments include starch & its derivatives. The firm offers products in various categories, such as food and drink, including baked goods, frozen foods, honey and preserved foods; paper and board, including wet end and coating; personal care and pharma, including tooth paste, shoe polish and bulk drug fermentation, and animal feed and pet foods, including pet foods, poultry feed and cattle feed. The firm's processing facility is in Punjab.
Revenue Drop: Q2 revenue fell to INR 312.68 crores from INR 367.20 crores in the previous quarter, reflecting weaker demand and cautious sales.
Margins Stable: Despite softer maize prices toward quarter-end, margins remained subdued as benefits were offset by earlier higher costs and a pause in demand due to GST changes.
Cost Control: Management highlighted ongoing cost optimization and efficiency initiatives to support profitability.
Maize Prices Softening: Maize procurement costs declined during the quarter, with prices expected to stay aligned to global levels due to government policies and strong crop arrivals.
Exports Improving: Export competitiveness has returned as Indian maize prices are now in line with global peers, and management expects exports to pick up in the coming quarters.
Demand Outlook: Green shoots seen across end-user sectors, especially food processing, paper, textiles, and pharmaceuticals, with expectations of improved demand post-GST rationalization.
