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 ₹ 961 Cr.
- Current Price ₹ 480
- High / Low ₹ 885 / 468
- Stock P/E 11.5
- Book Value ₹ 395
- Dividend Yield 2.08 %
- ROCE 12.6 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- The company has delivered a poor sales growth of 7.94% over past five years.
- Dividend payout has been low at 11.8% of profits over last 3 years
* 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 | TTM | |
---|---|---|---|---|---|---|---|---|
0 | 1,873 | 2,336 | 2,130 | 2,559 | 2,711 | 2,744 | 2,782 | |
0 | 1,441 | 2,066 | 1,838 | 2,298 | 2,451 | 2,441 | 2,560 | |
Operating Profit | -0 | 432 | 270 | 292 | 262 | 260 | 303 | 223 |
OPM % | 23% | 12% | 14% | 10% | 10% | 11% | 8% | |
0 | -2 | 3 | 3 | 5 | 6 | 4 | 8 | |
Interest | 0 | 138 | 114 | 97 | 116 | 116 | 88 | 76 |
Depreciation | 0 | 46 | 44 | 44 | 45 | 48 | 51 | 50 |
Profit before tax | -0 | 247 | 114 | 154 | 106 | 101 | 167 | 104 |
Tax % | 0% | 18% | 23% | 22% | 17% | 23% | 26% | |
Net Profit | -0 | 203 | 88 | 120 | 89 | 78 | 124 | 84 |
EPS in Rs | 101.66 | 44.08 | 59.94 | 44.27 | 38.75 | 62.15 | 41.78 | |
Dividend Payout % | 0% | 0% | 1% | 3% | 9% | 10% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 9% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -10% |
3 Years: | 1% |
TTM: | -20% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 16% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 15% |
Last Year: | 17% |
Balance Sheet
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|
0 | 10 | 64 | 37 | 20 | 20 | 20 | 20 | |
Reserves | -0 | 304 | 381 | 499 | 572 | 646 | 790 | 771 |
0 | 1,363 | 1,299 | 1,525 | 1,596 | 1,375 | 1,215 | 841 | |
0 | 568 | 431 | 575 | 672 | 608 | 405 | 109 | |
Total Liabilities | 0 | 2,244 | 2,121 | 2,609 | 2,859 | 2,649 | 2,430 | 1,741 |
0 | 988 | 983 | 974 | 966 | 1,085 | 1,077 | 1,054 | |
CWIP | 0 | 1 | 10 | 4 | 69 | 14 | 9 | 87 |
Investments | 0 | 21 | 13 | 12 | 10 | 15 | 47 | 44 |
0 | 1,235 | 1,115 | 1,618 | 1,814 | 1,535 | 1,298 | 557 | |
Total Assets | 0 | 2,244 | 2,121 | 2,609 | 2,859 | 2,649 | 2,430 | 1,741 |
Cash Flows
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|
-0 | 146 | 166 | -106 | 185 | 465 | 314 | |
0 | -18 | -48 | -29 | -98 | -108 | -54 | |
0 | -100 | -144 | 134 | -84 | -358 | -264 | |
Net Cash Flow | -0 | 27 | -26 | -1 | 2 | -0 | -4 |
Ratios
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|
Debtor Days | 13 | 13 | 19 | 16 | 8 | 11 | |
Inventory Days | 327 | 204 | 341 | 275 | 232 | 202 | |
Days Payable | 64 | 68 | 114 | 111 | 93 | 54 | |
Cash Conversion Cycle | 276 | 149 | 246 | 179 | 147 | 160 | |
Working Capital Days | 103 | 103 | 165 | 146 | 104 | 103 | |
ROCE % | 46% | 13% | 13% | 10% | 10% | 13% |
Documents
Announcements
- Board Meeting Intimation for Approval Of The Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2022. 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - Depositories and Participants) Regulations, 2018, we enclose herewith a copy of the certificate received from Link Intime India Private Limited, the Registrar and Share Transfer …
- Closure of Trading Window 30 Dec
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Dec 2022
Annual reports
Concalls
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Nov 2022TranscriptPPT
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Nov 2017TranscriptPPT
Business Division
Sugar: The Co crushed 576 lakh quintals of sugarcane in FY21 with average recovery of 10.8% against crushing of 599 lakh quintals in FY20 with average recovery of 11.5%.
Distillery: The Co uses its entire molasses output captively to produce ethanol and alcohol. During FY21, the distillery was in operation for 296 days against 285 days in FY20.
Power: The Co has bagasse-based power generation capability. It produced 19.7 crore units of power during FY21. [1][2]