Low PE Small-Cap Stock In To Keep Under Radar As Board Announces Record Date For 2:1 Stock Split
The stock is up by 48.6 per cent from its 52-week low of Rs 390 per share.
Sukhjit Starch & Chemicals Ltd has announced plans to split its existing equity shares from a face value of Rs 10 to Rs 5. The company believes that this split will enhance liquidity and create value for shareholders. The split will not reduce the company's share capital and is intended to increase the number of shares without altering the total capital value. The record date for the stock split is fixed as October 25, 2024.
Sukhjit Starch & Chemicals Ltd is an Indian agro-processing company established in 1943. Primarily focused on the production of starch and its derivatives, the company is part of the Sardana family and associates. With manufacturing facilities strategically located across North, South, and Eastern India, SSCL boasts a daily maize grinding capacity of 1,600 tons and holds a significant market share in the domestic starch industry. Their product portfolio includes a wide range of starch-based products, catering to various industries such as food, pharmaceuticals, and personal care. SSCL serves a diverse clientele, including major national and international brands, solidifying its position as a leading player in the agro-processing sector.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
The company has a market cap of Rs 885 crore and has been maintaining a healthy dividend payout of 22.1 per cent. The shares of the company have a PE of 15x whereas the industry PE is 35x. The stock is up by 48.6 per cent from its 52-week low of Rs 390 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.