Riga Sugar Company Ltd

Riga Sugar Co Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Riga Sugar Company Ltd

₹ 5.25 5.00%
28 Apr 2023
rigasugar.com BSE: 507508
About

Riga Sugar Company Ltd is one of the oldest sugar factories in India. The principal activity of the Company is manufacturing of sugar.[1]

Key Points

Revenue Breakup
In FY20, sugar accounted for ~78% of revenues, followed by ethanol (~16%), molasses (5%), and others (1%).[1]

Website BSE
  • Market Cap ₹ 7.58 Cr.
  • Current Price ₹ 5.25
  • High / Low ₹ 5.25 / 4.85
  • Stock P/E
  • Book Value ₹ -56.2
  • Dividend Yield 0.00 %
  • ROCE -32.4 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.2% over past five years.
  • Contingent liabilities of Rs.26.6 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Figures in Rs. Crores

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
43.82 44.79 49.09 24.86 36.04 43.14 37.63 30.03 12.20 0.14 0.40 2.06 0.00
53.33 44.64 44.42 26.99 42.81 46.93 36.34 32.10 17.37 14.92 2.74 3.06 0.71
Operating Profit -9.51 0.15 4.67 -2.13 -6.77 -3.79 1.29 -2.07 -5.17 -14.78 -2.34 -1.00 -0.71
OPM % -21.70% 0.33% 9.51% -8.57% -18.78% -8.79% 3.43% -6.89% -42.38% -10,557.14% -585.00% -48.54%
1.33 2.94 1.29 0.43 0.20 2.03 0.46 1.82 1.07 2.10 0.05 0.08 0.03
Interest 5.28 4.08 4.63 5.31 4.75 0.12 3.27 3.33 3.97 6.99 3.14 3.10 3.15
Depreciation 1.17 1.38 1.27 1.18 1.22 1.55 1.30 1.33 1.30 1.25 1.30 1.30 1.30
Profit before tax -14.63 -2.37 0.06 -8.19 -12.54 -3.43 -2.82 -4.91 -9.37 -20.92 -6.73 -5.32 -5.13
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -44.74% 0.00% 0.00% 0.00%
-14.63 -2.37 0.06 -8.19 -12.54 -3.42 -2.82 -4.91 -9.37 -30.27 -6.73 -5.32 -5.13
EPS in Rs -10.13 -1.64 0.04 -5.67 -8.68 -2.37 -1.95 -3.40 -6.49 -20.96 -4.66 -3.68 -3.55
Raw PDF

Profit & Loss

Figures in Rs. Crores

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
90 122 148 198 161 186 180 182 96 155 153 79 3
74 104 132 178 147 181 168 170 97 182 161 100 21
Operating Profit 16 18 16 20 14 5 12 12 -2 -27 -8 -21 -19
OPM % 18% 15% 11% 10% 9% 3% 7% 6% -2% -17% -5% -26% -724%
2 0 1 -1 2 0 1 4 3 5 4 5 2
Interest 10 11 16 16 13 16 14 15 18 20 15 18 16
Depreciation 6 6 7 7 6 4 4 4 5 5 5 5 5
Profit before tax 3 1 -5 -4 -3 -14 -5 -4 -21 -46 -24 -38 -38
Tax % 29% 55% 10% 8% -9% 28% 55% -16% -0% 0% 0% -25%
2 1 -5 -3 -3 -10 -2 -5 -21 -46 -24 -47 -47
EPS in Rs 3.62 0.68 -5.10 -3.49 -2.78 -9.77 -1.84 -3.28 -14.44 -32.15 -16.69 -32.80 -32.85
Dividend Payout % 28% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -15%
3 Years: -6%
TTM: -98%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -131%
Stock Price CAGR
10 Years: -9%
5 Years: 8%
3 Years: 9%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
Equity Capital 6 8 9 9 11 11 12 14 14 14 14 14 14
Reserves 23 22 60 57 55 76 75 56 35 -11 -36 -84 -96
97 127 145 142 144 137 143 149 140 128 119 98 98
7 91 84 81 109 139 116 89 174 180 181 148 156
Total Liabilities 133 247 299 289 319 363 346 309 364 311 278 177 172
84 85 123 119 115 146 149 152 158 155 160 156 154
CWIP 0 0 2 1 4 5 0 6 0 2 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
49 162 175 169 200 212 197 151 205 155 118 21 19
Total Assets 133 247 299 289 319 363 346 309 364 311 278 177 172

Cash Flows

Figures in Rs. Crores

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
22 -14 -3 20 13 26 7 30 23 34 32 7
-6 -7 -4 -2 -5 -4 -2 -14 -5 -4 -9 -1
-16 24 6 -19 -8 -23 -5 -16 -17 -28 -24 -7
Net Cash Flow 0 3 -2 -1 -0 -1 0 -0 -0 2 -1 -0

Ratios

Figures in Rs. Crores

Sep 2009 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 3 4 0 2 6 8 5 11 33 16 13 5
Inventory Days 165 765 537 363 581 453 441 290 1,044 288 237 32
Days Payable 40 456 268 171 316 304 258 187 943 390 446 581
Cash Conversion Cycle 128 313 269 194 271 158 188 115 134 -87 -196 -544
Working Capital Days 151 176 215 160 188 123 126 53 31 -107 -199 -614
ROCE % 10% 9% 5% 6% 5% 1% 4% 5% -2% -17% -8% -32%

Shareholding Pattern

Numbers in percentages

Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022
69.19% 69.19% 69.19% 69.19% 69.19% 69.19% 68.47% 68.47% 68.47% 68.47% 68.47% 68.47%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
30.79% 30.79% 30.79% 30.79% 30.79% 30.79% 31.51% 31.51% 31.51% 31.51% 31.51% 31.51%
No. of Shareholders 6,0526,0586,0636,0586,0446,0095,9995,9566,0766,2296,4887,110

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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