Processes maize into starch and value-added derivatives for paper/packaging, FMCG, personal care and pharma customers, which made up 95.7% of FY26 segment revenue at Rs 1,442.4 cr. An Infrastructure Division contributes the remaining 4.3% at Rs 64.13 cr. Maize, the key raw material, accounts for 71.7% of revenue, with employee costs at 4.6% and other opex at 16.1%. Capacity utilisation is guided at 80-85% for FY26. Total FY26 revenue stood at Rs 1,432.43 cr at an EBITDA margin of 7.07%. The company is headquartered in Phagwara, Punjab. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Maize processing Division (96%), Infrastructure Division (4%), Others (0%). Agricultural commodity processing — maize to starch and value-added derivatives
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,159 | 1,447 | 1,375 | 1,498 | 1,432 |
| EBITDA (ex other income) | 158 | 147 | 128 | 112 | 83 |
| margin % | 13.6 | 10.2 | 9.3 | 7.5 | 5.8 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 46.63 | 40.56 | 31.98 | 12.79 | 5.65 |
| ROE % · ROCE % | 17.7 · 19.9 | 13.6 · 17.2 | 9.9 · 14.9 | 7.4 · 11.5 | 4.8 · 8.8 |
| Debt / equity (x) | 0.60 | 0.69 | 0.65 | 0.52 | 0.58 |
| Cash from operations | 144 | 41 | 78 | 68 | 4 |
| Capex | (31) | (37) | (43) | (40) | (15) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 368 | 375 | 360 | 369 | 315 | 347 | 402 | 396 |
| Profit before tax | 17 | 14 | 4 | 6 | 5 | 4 | 20 | 16 |
| Net profit | 13 | 11 | 3 | 5 | 4 | 3 | 15 | 12 |
| EPS (₹) | 8.03 | 3.45 | 0.90 | 1.60 | 1.38 | 1.00 | 4.67 | 3.89 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Maize processing Division | 1,072 | 71.1 |
| Infrastructure Division | 52 | 3.4 |
| Others | 1 | 0.1 |
| Maize Processing Division | 370 | 24.5 |
| Infrasturcture Division | 12 | 0.8 |
| Total, before eliminations | 1,508 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Sukhjit signs MoU for new Rs 500 Cr maize processing unit in Nashik | capex operations | high | — | — |
| 26 Aug 2026 · AGM results: all 8 resolutions passed with over 99.99 percent approval | board shareholder meetings | low | — | — |
| 26 Aug 2026 · 82nd AGM results: dividend declared, all resolutions passed with 99.99% assent | board shareholder meetings | low | — | — |
| 31 Jul 2026 · Sukhjit Starch publishes 82nd AGM notice and e-voting details | compliance | minimal | — | — |
| 31 Jul 2026 · 82nd AGM set for August 26, 2026; dividend and director changes on agenda | board shareholder meetings | low | — | — |
| 31 Jul 2026 · Sukhjit Starch Q1 FY27 PAT jumps 164% YoY to Rs 12.56 cr | results | low | — | — |
| 30 Jul 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| 29 Jul 2026 · Sukhjit Starch Q1 FY27: PAT up 164%, revenue grows 7.6% | results | high | — | — |
| 29 Jul 2026 · Sukhjit Starch Q1 FY27: PAT more than doubles to about 12.6 crore | results | high | — | — |
| 20 Jul 2026 · Board meeting on 29 Jul to consider Q1 FY27 unaudited financial results | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| LT FOODS LIMITED |
| 15,244 |
| 23.8 |
| 3.37 |
| 12.9 |
| 13.8 |
| 16.0 |
| 18.7 |
| 11.5 |
| KRBL LIMITED | 9,630 | 12.7 | 1.66 | 10.0 | 11.2 | 14.7 | 8.8 | 24.9 |
| GUJARAT AMBUJA EXPORTS LT | 7,486 | 18.0 | 2.27 | 13.9 | 9.2 | 11.7 | 4.0 | 17.0 |
| KAVERI SEED CO. LTD. | 3,703 | 15.0 | 2.11 | 10.0 | 16.9 | 17.0 | 6.1 | 40.1 |
| TRUALT BIOENERGY LIMITED | 3,550 | 25.3 | 2.25 | 13.6 | 6.1 | 4.8 | — | 23.5 |
| SANSTAR LIMITED | 2,207 | 65.6 | — | — | — | — | — | 8.8 |
| AMIR CHAND JAG KUM (E) L | 2,131 | 20.4 | 2.31 | 12.6 | 11.2 | 14.8 | — | 9.5 |
| GRM OVERSEAS LIMITED | 1,747 | 13.3 | 2.88 | 16.4 | 12.3 | 16.5 | 17.2 | 8.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.7 | 12.0 | 37 of 65 | 44% |
| P/B | 0.9 | 1.7 | 14 of 51 | 74% |
| ROCE | 4.7 | 4.4 | 34 of 68 | 51% |
| ROE | 4.8 | 3.3 | 25 of 54 | 55% |
| Debt / Equity | 0.6 | 0.2 | 35 of 54 | 36% |
| EBITDA margin | 7.9 | 9.7 | 31 of 45 | 32% |
| Revenue growth | 7.2 | 10.3 | 28 of 51 | 46% |
| Profit growth | 142.5 | 16.6 | 13 of 51 | 76% |
| Market cap | 501 | 69 | 15 of 69 | 79% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
