2:1 Stock Split Announced by This Smallcap Company; FIIs Increased Stake in Q1 FY24!
Along with the stock split, the company has announced quarterly results for Q1 FY25.
Incorporated in 1943, Sukhjit Starch & Chemicals Ltd is an agro-processing company specializing in the manufacture of starch and its derivatives.
The company has announced its Quarterly Results as well as a stock split in the ratio of 2:1, meaning that each share with a face value of Rs 10 will be subdivided into 2 shares with a face value of Rs 5 each.
The shares of Sukhjit Starch & Chemicals Ltd closed at around Rs 520.15 per share. The company’s current market capitalization stands at Rs 812.58 crore. The stock has delivered a return of over 20 per cent in the past 1 year.
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As per the quarterly results, in Q1 FY25, Sukhjit Starch & Chemicals Ltd recorded a revenue of Rs 395 crore compared to a revenue of Rs 323 representing a gain of 22.39 per cent. The operating profit for Q1 FY25 stood at Rs 34 crore compared to Rs 28 crore. The net profit for Q1 FY25 was Rs 14 crore versus Rs 11 crore. Looking at the annual performance, the company generated a revenue of Rs 1375 crore in FY24. The operating profit for FY24 was Rs 128 crore with a net profit of Rs 50 crore.
According to the shareholding pattern, promoters own 66.34 per cent, and public investors own 33.60 per cent. FIIs owns a 0.07 per cent stake in the company.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.