Andhra Sugars Ltd // Commodity Chemicals

to
314.55
Pros:
Stock is trading at 0.91 times its book value
Stock is providing a good dividend yield of 3.18%.
Company has been maintaining a healthy dividend payout of 28.66%
Cons:
The company has delivered a poor growth of 3.65% over past five years.
Company has a low return on equity of 8.84% for last 3 years.

Peer Comparison

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
1. Tata Chemicals 660.15 6.27 16817.98 3.33 1210.19 251.61 2555.08 1.71 2.08
2. Godrej Inds. 591.85 31.97 19908.70 0.30 277.09 191.98 2316.91 17.43 0.45
3. Guj Alkalies 443.30 6.08 3255.60 1.13 221.06 153.80 697.32 31.26 14.89
4. Polyplex Corpn 434.15 4.20 1388.41 1.67 104.89 40.83 979.69 18.94 4.67
5. Aarti Inds. 1215.45 31.23 9881.61 0.08 84.70 13.95 1029.39 23.38 23.25
6. GHCL 238.25 8.71 2335.05 2.09 61.59 -60.98 754.59 1.25 18.23
7. Jindal Poly Film 209.15 3.87 915.79 0.48 -57.43 9283.19 791.07 -57.77 9.52
8. Andhra Sugars 314.55 8.59 852.75 3.18 8.42 -75.58 247.71 29.20 21.71

Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018
185.30 235.83 243.66 204.54 199.89 266.36 248.72 191.73 241.14 247.53 235.97 247.71
182.12 189.86 215.37 155.13 160.56 218.80 184.30 136.55 191.81 187.89 177.74 214.75
Operating Profit 3.18 45.97 28.29 49.41 39.33 47.56 64.42 55.18 49.33 59.64 58.23 32.96
OPM % 1.72% 19.49% 11.61% 24.16% 19.68% 17.86% 25.9% 28.78% 20.46% 24.09% 24.68% 13.31%
Other Income 3.32 4.58 4.09 9.02 3.52 3.72 4.85 9.59 5.13 6.08 8.50 6.41
Depreciation 14.08 8.28 14.08 5.65 8.91 14.70 12.35 8.25 11.83 11.84 12.83 12.14
Interest 7.60 6.09 6.20 6.66 6.80 6.34 6.20 4.97 8.14 7.71 7.47 6.68
Profit before tax -15.18 36.18 12.10 46.11 27.14 30.24 50.71 51.56 34.49 46.17 46.42 20.55
Tax -10.40 17.97 2.43 17.21 7.45 2.55 12.05 17.09 12.66 16.65 6.91 12.15
Net Profit -4.78 18.21 9.67 28.91 19.68 27.68 38.67 34.48 21.83 29.52 39.52 8.42

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 TTM
489 576 463 571 551 505 758 832 726 778 869 906 972
386 456 395 469 424 410 573 665 599 722 741 699 772
Operating Profit 103 119 68 102 126 94 185 166 127 55 127 207 200
OPM % 21.12% 20.74% 14.84% 17.84% 23.02% 18.7% 24.41% 20.06% 17.49% 7.16% 14.68% 22.87% 20.59%
Other Income 29 27 47 31 29 14 13 13 13 10 22 21 26
Interest 23 23 28 32 21 19 21 20 20 23 28 25 30
Depreciation 24 29 32 33 34 38 39 41 43 35 47 44 48
Profit before tax 84 93 55 68 99 51 137 119 76 7 73 159 147
Tax 24 29 12 22 33 15 44 44 21 4 27 39 48
Net Profit 60 64 42 45 66 36 93 74 54 3 46 120 99
EPS (unadj) 21.20 22.64 14.96 15.81 23.94 12.58 33.44 26.74 19.45 0.82 17.11 44.45
Dividend Payout % 33.72% 25.36% 31.84% 35.93% 20.31% 41.18% 20.32% 21.73% 24.86% 240.65% 29.22% 22.5%
Compounded Sales Growth
10 Years:7.73%
5 Years:3.65%
3 Years:7.68%
TTM:7.24%
Compounded Profit Growth
10 Years:18.49%
5 Years:5.10%
3 Years:30.33%
TTM:-17.61%
Return on Equity
10 Years:10.93%
5 Years:10.42%
3 Years:8.84%
TTM:15.57%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
27 27 27 27 27 27 27 27 27 27 27 27
Reserves 203 248 272 298 350 369 441 497 536 528 666 814
326 308 347 313 210 308 308 243 281 326 266 340
Other Liabilities 246 242 284 280 270 285 333 350 373 318 253 309
Total Liabilities 802 826 931 920 858 990 1,109 1,118 1,218 1,199 1,213 1,491
382 416 415 446 445 483 487 494 466 459 447 598
CWIP 34 22 49 32 36 5 6 6 25 19 60 27
Investments 47 50 72 74 74 75 74 78 103 103 206 357
338 336 393 367 301 425 541 538 622 617 499 507
Total Assets 802 826 931 920 858 990 1,109 1,118 1,218 1,199 1,213 1,491

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
117 111 66 122 181 -8 52 150 56 17 166 254
-84 -52 -55 -45 -35 -46 -38 -39 -53 -36 -64 -253
-32 -61 -5 -79 -141 63 -15 -107 -6 20 -106 6
Net Cash Flow 1 -2 4 -3 4 8 0 3 -3 2 -3 7