Avadh Sugar & Energy Ltd
Avadh Sugar & Energy Ltd is primarily engaged in the manufacture and sale of sugar and its by-products (molasses, bagasse and press-mud), spirits including ethanol and power. It was incorporated in March 2015 with the purpose of transferring sugar units in Uttar Pradesh of Oudh Sugar Mills Limited (Oudh) and Upper Ganges Sugar & Industries Limited (Upper Ganges) to a separate entity. [1][2]
- Market Cap ₹ 957 Cr.
- Current Price ₹ 478
- High / Low ₹ 618 / 388
- Stock P/E 9.61
- Book Value ₹ 445
- Dividend Yield 2.10 %
- ROCE 10.7 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.07 times its book value
Cons
- The company has delivered a poor sales growth of 3.68% over past five years.
- Company has a low return on equity of 13.6% over last 3 years.
- Company might be capitalizing the interest cost
* 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.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
0 | 1,873 | 2,336 | 2,130 | 2,559 | 2,711 | 2,744 | 2,798 | |
0 | 1,441 | 2,066 | 1,838 | 2,298 | 2,451 | 2,441 | 2,543 | |
Operating Profit | -0 | 432 | 270 | 292 | 262 | 260 | 303 | 255 |
OPM % | 23% | 12% | 14% | 10% | 10% | 11% | 9% | |
0 | -2 | 3 | 3 | 5 | 6 | 4 | 9 | |
Interest | 0 | 138 | 114 | 97 | 116 | 116 | 88 | 69 |
Depreciation | 0 | 46 | 44 | 44 | 45 | 48 | 51 | 51 |
Profit before tax | -0 | 247 | 114 | 154 | 106 | 101 | 167 | 144 |
Tax % | 0% | 18% | 23% | 22% | 17% | 23% | 26% | 30% |
Net Profit | -0 | 203 | 88 | 120 | 89 | 78 | 124 | 100 |
EPS in Rs | 101.66 | 44.08 | 59.94 | 44.27 | 38.75 | 62.15 | 50.07 | |
Dividend Payout % | 0% | 0% | 1% | 3% | 9% | 10% | 16% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 3% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 4% |
TTM: | -19% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 41% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 14% |
Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
0 | 10 | 64 | 37 | 20 | 20 | 20 | 20 | |
Reserves | -0 | 304 | 381 | 499 | 572 | 646 | 790 | 871 |
0 | 1,363 | 1,299 | 1,525 | 1,596 | 1,375 | 1,215 | 1,068 | |
0 | 568 | 431 | 575 | 672 | 608 | 405 | 459 | |
Total Liabilities | 0 | 2,244 | 2,121 | 2,609 | 2,859 | 2,649 | 2,430 | 2,418 |
0 | 988 | 983 | 974 | 966 | 1,085 | 1,077 | 1,165 | |
CWIP | 0 | 1 | 10 | 4 | 69 | 14 | 9 | 13 |
Investments | 0 | 21 | 13 | 12 | 10 | 15 | 47 | 47 |
0 | 1,235 | 1,115 | 1,618 | 1,814 | 1,535 | 1,298 | 1,192 | |
Total Assets | 0 | 2,244 | 2,121 | 2,609 | 2,859 | 2,649 | 2,430 | 2,418 |
Cash Flows
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
-0 | 146 | 166 | -106 | 185 | 465 | 314 | 364 | |
0 | -18 | -48 | -29 | -98 | -108 | -54 | -124 | |
0 | -100 | -144 | 134 | -84 | -358 | -264 | -239 | |
Net Cash Flow | -0 | 27 | -26 | -1 | 2 | -0 | -4 | 1 |
Ratios
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 13 | 13 | 19 | 16 | 8 | 11 | 9 | |
Inventory Days | 327 | 204 | 341 | 275 | 232 | 202 | 180 | |
Days Payable | 64 | 68 | 114 | 111 | 93 | 54 | 61 | |
Cash Conversion Cycle | 276 | 149 | 246 | 179 | 147 | 160 | 129 | |
Working Capital Days | 103 | 103 | 165 | 146 | 104 | 103 | 99 | |
ROCE % | 46% | 13% | 13% | 10% | 10% | 13% | 11% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Of Securities Exchange Board of India (LODR) Regulations, 2015, enclosed please find the Annual Secretarial Compliance Report for the financial year 2022-23.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 12 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 May - Copies of the Newspaper advertisements published in The Business Standard in English & Hindi (Lucknow Edition) on Tuesday, May 09, 2023.
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Announcement under Regulation 30 (LODR)-Investor Presentation
8 May - In compliance with Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015 and the Company's Code of Practices and …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 May - Find Press Release issued by the Company in respect of the Audited Financial Results of the Company for the quarter and financial year ended 31st …
Annual reports
Concalls
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
Business Division
Sugar: The Co crushed ~530 lakh quintals of sugarcane in FY22 with average recovery of 10% against crushing of ~580 lakh quintals in FY21 with average recovery of ~11%.
Distillery: The Co uses its entire molasses output captively to produce ethanol and alcohol. During FY22, the distillery was in operation for 330 days against 296 days in FY21.
Power: The Co has bagasse-based power generation capability. It produced 11 crore units of power during FY22. [1]