72 year old Sukhjit Starch & Chemicals is one of India’s oldest and the country’s third largest manufacture of maize starch and starch derivatives, with a 10% market share. For Q3FY16, the company posted a good set of numbers. Net sales rose 16% (YoY) at Rs.155 crore. Costs were up 17% and this impacted the EBITDA, which was up 5% at Rs.19 crore but margins slipped from 13.43% to 12.25%. It ended the quarter with a net profit of Rs.8 crore, same as that posted in previous Q3 but almost doubled up from Q2.

For nine months ended 31^st December 2015, Sukhjit posted a net profit of Rs.20 crore v/s Rs.23 crore net profit for FY15. Clearly, it will end FY16 on a bumper note. The stock is also an ideal bonus candidate what with its equity being small at Rs.7.38 crore and reserves standing very healthy at Rs.193 crore. Promoters stake currently stands at 60.67%.