Sukhjit Starch & Chemicals Ltd was established in 1943 when two enterprising young entrepreneurs recognized the immense potential of maize and decided to set up a corn wet milling facility in Phagwara, Punjab. The company was officially incorporated as a public company on March 16, 1944. It has since evolved from a modest beginning of 1800 TPA corn grind in 1943 to over 200,000 TPA of corn grind spread across four manufacturing locations within India.
The company primarily manufactures starch, its derivatives, and other by-products including liquid glucose, dextrose monohydrate, dextrose anhydrous, sorbitol, and modified starches. Sukhjit Starch has emerged as one of the largest manufacturers of starch and its derivatives in India with multi-locational manufacturing units at Phagwara (Punjab), Nizamabad (Telangana), Malda (West Bengal), and Gurplah (Himachal Pradesh).
The company currently has a market capitalization of ₹619-620 crores as of recent reports. For Q4 FY25, the company reported revenue growth of 8.41% to ₹1,486 crores with an EBITDA of ₹110 crores, while maintaining near zero long-term debt.
For the quarter ended December 2024, net profit declined 32.71% to ₹10.78 crores compared to ₹16.02 crores in the previous year, while sales rose 3.84% to ₹375.26 crores from ₹361.37 crores. The company maintains a debt-free position, which enhances its ability to invest in operational improvements and explore new market opportunities.
- Market Capitalization: ₹619-620 Crores (Recent Reports)
- Promoter Holding: 66.0%
- Q4 FY25 Revenue: ₹1,486 Crores (Growth of 8.41%)
- Q4 FY25 EBITDA: ₹110 Crores
- December 2024 Quarter Sales: ₹375.26 Crores (Up 3.84% YoY)
- December 2024 Quarter Net Profit: ₹10.78 Crores (Down 32.71% YoY)
- Overall Revenue (FY25 Estimate): ₹1,498 Crores
- Overall Profit (FY25 Estimate): ₹40.0 Crores
- Return on Equity: 10.3% over the last 3 years
- Debt Position: Near zero long-term debt / Debt-free
The company operates through four distinct segments: Starch & Its Derivatives, Readymade Garments, Leasing & Hire Purchase Financing, and Manufacturing of Heavy Machinery.
The company offers an extensive range of products including:
- Maize Starch
- Monohydrate Dextrose
- Sorbitol
- Anhydrous Dextrose
- Liquid Glucose
- High Maltose Syrup
- Malto Dextrin Powder
- Modified Starch
- Maize Gluten
- Maize Germ
- Maize Oil
- Maize Bran
These products serve various industries including food, tobacco conditioning, injection, paper manufacturing, pharmaceuticals, bread manufacturing, cattle feed, poultry, swine and pet food, and industrial applications. The company has also been exploring fresh possibilities such as working with alternate commodities like wheat and rice, while increasing its portfolio of value-added products including HFCS, Sorbitol Powder, Functional Starches, Grain based Alcohol, Feeds, Pet Food, and Bio-Fuel.
Sukhjit has strengthened its commitment to the environment by investing in state-of-the-art facilities to convert its biodegradable waste into valuable energy. This initiative has resulted in significant savings of petroleum products and substantially reduced the company's carbon footprint. The company has continuously contributed to rural, public, and educational development programmes, actively helping in establishing various schools, colleges, blood banks, hospitals, and other community initiatives.
The company is chaired by Manjoo Sardana, with K K Sardana serving as the managing director. The group is headed by an experienced Board of Directors and managed by highly skilled and capable professionals. Notably, there is no promoter pledging in Sukhjit Starch & Chemicals Ltd.
The company has demonstrated robust financial performance with strategic capacity expansions and a focus on the evolving needs of the FMCG and pharma sectors. Despite facing challenges such as rising raw material prices and increased inventory levels, management remains optimistic about future growth, particularly with government initiatives supporting maize cultivation.
With over 60 years of technical expertise, the company ensures optimum adaptation to end-use applications through years of research and careful coordination of methodology. This results in qualitatively superior products that meet stringent customer norms through cost-effective production techniques. The company's philosophy of using state-of-the-art technology while exploiting indigenous potential continues to serve it well in maintaining its competitive position in the agro-processing industry.
