Avadh Sugar & Energy Ltd

About

Avadh Sugar & Energy is primarily engaged in the business of manufacture and sale of sugar and its by-products (molasses, bagasse and press-mud), spirits including ethanol and power.

  • Market Cap 839 Cr.
  • Current Price 419
  • High / Low 549 / 156
  • Stock P/E 9.70
  • Book Value 333
  • Dividend Yield 0.95 %
  • ROCE 10.3 %
  • ROE 12.4 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 17.05%

Cons

  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
480 522 532 478 437 871 773 563 620 696 831 619
471 472 387 392 405 823 678 508 566 653 724 549
Operating Profit 10 50 146 86 32 48 95 55 54 43 107 70
OPM % 2% 9% 27% 18% 7% 5% 12% 10% 9% 6% 13% 11%
Other Income 1 0 2 0 4 1 0 0 1 4 2 0
Interest 23 17 28 34 34 25 23 29 33 26 28 28
Depreciation 11 11 11 11 11 11 11 11 12 13 13 13
Profit before tax -24 22 109 41 -9 13 61 16 10 7 68 29
Tax % 21% 23% 22% 36% 33% 41% 1% 35% 28% 49% 17% 35%
Net Profit -19 17 85 26 -6 8 60 10 7 4 57 19
EPS in Rs -9.42 8.61 42.61 13.18 -2.88 3.75 30.22 5.02 3.60 1.86 28.27 9.47

Profit & Loss

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
0 1,873 2,336 2,130 2,559 2,711 2,766
0 1,441 2,066 1,838 2,298 2,451 2,492
Operating Profit -0 432 270 292 262 260 274
OPM % 23% 12% 14% 10% 10% 10%
Other Income 0 -2 3 3 5 6 7
Interest 0 138 114 97 116 116 116
Depreciation 0 46 44 44 45 48 50
Profit before tax -0 247 114 154 106 101 115
Tax % 0% 18% 23% 22% 17% 23%
Net Profit -0 203 88 120 89 78 86
EPS in Rs 101.66 44.08 59.94 44.27 38.75 43.20
Dividend Payout % 0% 0% 1% 3% 9% 10%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:5%
TTM:5%
Compounded Profit Growth
10 Years:%
5 Years:500%
3 Years:-4%
TTM:20%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:27%
1 Year:133%
Return on Equity
10 Years:%
5 Years:26%
3 Years:17%
Last Year:12%

Balance Sheet

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0 10 64 37 20 20
Reserves -0 304 381 499 572 646
Borrowings 0 1,363 1,299 1,525 1,596 1,373
0 568 431 575 672 611
Total Liabilities 0 2,244 2,121 2,609 2,859 2,649
0 988 983 974 966 1,085
CWIP 0 1 10 4 69 14
Investments 0 21 13 12 10 15
0 1,235 1,115 1,618 1,814 1,535
Total Assets 0 2,244 2,121 2,609 2,859 2,649

Cash Flows

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-0 146 166 -106 185 465
0 -18 -48 -29 -98 -108
0 -100 -144 134 -84 -358
Net Cash Flow -0 27 -26 -1 2 -0

Ratios

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 13 13 19 16 7
Inventory Days 327 204 341 275 232
Days Payable 64 68 114 111 93
Cash Conversion Cycle 276 149 246 179 147
Working Capital Days 124 114 185 162 125
ROCE % 46% 13% 13% 10% 10%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
60.30 60.30 60.35 60.35 60.35 60.35 60.35 60.35 60.35 60.35 60.35 60.35
0.02 0.00 0.03 0.08 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.58
3.86 3.83 2.16 0.75 0.56 0.67 0.47 0.62 0.32 0.32 0.32 0.32
35.82 35.87 37.45 38.82 39.04 38.97 39.18 39.03 39.33 39.33 39.33 38.75

Documents