Gayatri Sugars Ltd

Gayatri Sugars Ltd

₹ 22.9 10.00%
14 Jun - close price
About

Incorporated in 1995, Gayatri Sugars Ltd manufactures sugar and allied products and operates a power generation unit[1]

Key Points

Product Profile:[1]
a) Sugar:
Company produces 2 grades of high quality commercial sugar graded according to their color and grain size viz.S 30 and M 30
b) Green Power:
Company does co-generation of power by tapping power from Bagasse, a byproduct of sugar refining
c) Distillery Products:
Company's Distillery unit is modified to manufacture Ethanol instead of ENA
d) Hand Sanitizers:
Due to Covid-19, company commenced the production of hand sanitizers as a new product stream

  • Market Cap 148 Cr.
  • Current Price 22.9
  • High / Low 29.4 / 5.42
  • Stock P/E 21.1
  • Book Value -14.2
  • Dividend Yield 0.00 %
  • ROCE 59.7 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 18.8% CAGR over last 5 years
  • Debtor days have improved from 22.9 to 16.1 days.

Cons

  • Company has low interest coverage ratio.
  • Promoters have pledged 39.6% of their holding.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -3.47%

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
140 54 7 75 225 50 12 99 227 58 19 76 225
124 56 15 73 190 55 21 91 183 61 29 65 184
Operating Profit 16 -2 -8 3 34 -4 -8 9 44 -4 -10 11 40
OPM % 11% -4% -128% 4% 15% -9% -69% 9% 19% -6% -52% 14% 18%
0 0 0 0 0 0 0 0 26 0 0 0 0
Interest 6 6 7 7 6 8 7 8 1 6 6 8 5
Depreciation 3 3 3 3 3 3 2 2 2 2 2 2 2
Profit before tax 7 -11 -18 -7 26 -15 -17 -1 67 -11 -17 1 34
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
7 -11 -18 -7 26 -15 -17 -1 67 -11 -17 1 34
EPS in Rs 1.68 -2.45 -4.05 -1.49 6.06 -3.42 -3.96 -0.16 15.40 -2.48 -2.91 0.20 5.19
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
187 197 231 241 242 251 312 280 248 361 388 377
164 186 247 224 202 208 298 274 241 334 349 340
Operating Profit 23 11 -16 17 40 43 14 7 7 27 40 38
OPM % 12% 6% -7% 7% 16% 17% 4% 2% 3% 7% 10% 10%
0 0 -13 3 2 0 0 0 0 0 26 0
Interest 23 22 22 23 21 20 24 24 26 25 24 24
Depreciation 13 13 11 10 10 10 10 10 10 10 8 7
Profit before tax -14 -23 -62 -14 11 13 -19 -28 -28 -8 34 7
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-14 -23 -62 -14 11 13 -19 -28 -28 -8 34 7
EPS in Rs -3.09 -5.23 -14.27 -3.09 2.43 2.97 -4.46 -6.34 -6.51 -1.93 7.85 1.09
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 4%
3 Years: 15%
TTM: -3%
Compounded Profit Growth
10 Years: 9%
5 Years: 19%
3 Years: 31%
TTM: -17%
Stock Price CAGR
10 Years: 20%
5 Years: 60%
3 Years: 77%
1 Year: 322%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 44 44 44 44 44 44 44 44 44 44 44 65
Reserves -36 -58 -123 -137 -126 -114 -138 -167 -197 -206 -168 -157
Preference Capital 16 16 41 41 0 41 50 53 55 58 38
141 159 147 195 207 151 111 102 147 127 114 131
131 164 221 174 74 166 256 218 189 242 207 150
Total Liabilities 280 308 289 276 200 247 273 197 183 206 197 190
162 154 137 130 121 114 107 96 86 90 94 92
CWIP 2 3 0 0 0 2 0 0 1 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
115 151 152 145 78 131 166 101 96 117 103 98
Total Assets 280 308 289 276 200 247 273 197 183 206 197 190

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
29 9 9 -7 36 37 34 26 15 55 43 24
-3 -5 -0 -3 -1 -4 -3 1 -1 -15 -11 -4
-22 -2 -8 2 -28 -32 -39 -27 -15 -41 -33 -19
Net Cash Flow 4 2 1 -8 7 1 -8 -0 -1 -1 0 0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 6 9 17 8 24 13 33 16 33 39 13 16
Inventory Days 219 324 220 282 93 212 184 125 112 87 96 68
Days Payable 166 238 214 186 23 98 184 108 143 173 142 97
Cash Conversion Cycle 58 94 23 104 93 127 32 34 2 -47 -33 -13
Working Capital Days 10 -11 -78 -21 -28 -60 -61 -91 -49 -65 -58 -22
ROCE % 6% -1% -20% 6% 22% 27% 4% -7% -7% 47% 129%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.30% 57.30% 57.30% 57.30% 57.30% 54.63% 54.63% 54.63% 54.63% 59.59% 53.83% 53.83%
42.70% 42.70% 42.70% 42.70% 42.70% 45.38% 45.37% 45.37% 45.36% 40.42% 46.18% 46.18%
No. of Shareholders 16,95216,84117,99517,68517,39617,32917,68517,79717,42116,65119,49024,220

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