Avadh Sugar & Energy Ltd
₹ 578
-1.17%
18 Apr
- close price
About
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]
Key Points
- Market Cap ₹ 1,156 Cr.
- Current Price ₹ 578
- High / Low ₹ 855 / 452
- Stock P/E 7.61
- Book Value ₹ 486
- Dividend Yield 1.73 %
- ROCE 10.4 %
- ROE 11.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.19 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 13.4% 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.
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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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 1,873 | 2,336 | 2,130 | 2,559 | 2,711 | 2,744 | 2,798 | 2,920 | |
| 0 | 1,441 | 2,066 | 1,838 | 2,298 | 2,451 | 2,441 | 2,543 | 2,571 | |
| Operating Profit | -0 | 432 | 270 | 292 | 262 | 260 | 303 | 255 | 349 |
| OPM % | 23% | 12% | 14% | 10% | 10% | 11% | 9% | 12% | |
| 0 | -2 | 3 | 3 | 5 | 6 | 4 | 9 | 4 | |
| Interest | 0 | 138 | 114 | 97 | 116 | 116 | 88 | 69 | 76 |
| Depreciation | 0 | 46 | 44 | 44 | 45 | 48 | 51 | 51 | 53 |
| Profit before tax | -0 | 247 | 114 | 154 | 106 | 101 | 167 | 144 | 223 |
| Tax % | 0% | 18% | 23% | 22% | 17% | 23% | 26% | 30% | |
| -0 | 203 | 88 | 120 | 89 | 78 | 124 | 100 | 152 | |
| EPS in Rs | 101.66 | 44.08 | 59.94 | 44.27 | 38.75 | 62.15 | 50.07 | 75.88 | |
| Dividend Payout % | 0% | 0% | 1% | 3% | 9% | 10% | 16% | 20% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 3% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 3% |
| TTM: | 110% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 42% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 13% |
| Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 10 | 10 | 10 | 20 | 20 | 20 | 20 | 20 |
| Reserves | -0 | 304 | 381 | 499 | 572 | 646 | 790 | 871 | 953 |
| Preference Capital | 0 | 0 | 54 | 27 | 0 | 0 | 0 | 0 | |
| 0 | 1,363 | 1,299 | 1,525 | 1,596 | 1,375 | 1,215 | 1,068 | 662 | |
| 0 | 568 | 431 | 575 | 672 | 608 | 405 | 459 | 135 | |
| Total Liabilities | 0 | 2,244 | 2,121 | 2,609 | 2,859 | 2,649 | 2,430 | 2,418 | 1,770 |
| 0 | 988 | 983 | 974 | 966 | 1,085 | 1,077 | 1,165 | 1,144 | |
| CWIP | 0 | 1 | 10 | 4 | 69 | 14 | 9 | 13 | 50 |
| Investments | 0 | 21 | 13 | 12 | 10 | 15 | 47 | 47 | 104 |
| 0 | 1,235 | 1,115 | 1,618 | 1,814 | 1,535 | 1,298 | 1,192 | 471 | |
| Total Assets | 0 | 2,244 | 2,121 | 2,609 | 2,859 | 2,649 | 2,430 | 2,418 | 1,770 |
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 | 119 | 99 | |
| ROCE % | 46% | 13% | 13% | 10% | 10% | 13% | 10% |
Documents
Announcements
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Compliance Report For The Year Ended 31St March, 2024
15 Apr - Compliance Certificate pursuant to Regulation 7(3) of SEBI(LODR) Regulations, 2015 for the year ended 31st March, 2024
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Announcement under Regulation 30 (LODR)-Change in Management
11 Apr - The Board at its meeting held today has inter-alia considered and approved the appointment of Mr Prashant Kapoor as Vice President (Legal) of the Company …
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Compliance Certificate
10 Apr - Copy of the Compliance Certificate dated 10th April, 2024 received from M/s S M Gupta & Co., Company Secretaries
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Depositories and Participants) Regulations, 2018, we enclose the copy of the certificate received from the Registrar and Share Transfer Agent of the Company for the …
- Closure of Trading Window 28 Mar
Annual reports
Concalls
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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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 ~57 lakh Tonnesof sugarcane in FY23 with an average recovery of 10% and the sugar produced is 5 lakh tonnes
Distillery: The Co uses its entire molasses output captively to produce ethanol and alcohol, in FY23 it produced around 9 cr ltr Ethanol of which 6 cr litres was generated through the B-Heavy route
Power: The Co has bagasse-based power generation capability. It produced ~24 cr units of power during FY23. [1] [2]