KCP Sugar & Industries Corporation Ltd

₹ 27.6 4.75%
31 Jan - close price
About

K.C.P. Sugar and Industries Corporation Ltd is engaged in the manufacturing of sugar as well as its associated products such as Rectified Spirit, Extra Neutral Alcohol, Ethanol, Incidental Cogeneration of Power etc. [1]

Key Points

Business Segments
Sugar: The Co crushed 4.1 lakh MT of sugarcane with recovery of 9.27% during FY21 compared to 7.8 lakh MT crushing with recovery of 9.22% in FY20.
Distillery: The Distillery Unit produced 64.82 Lakh Litres of Industrial / Anhydrous Alcohol in FY21 as against 119.29 Lakh Litres during FY20.
Power: The Cogeneration Unit produced 15 MW [1]

  • Market Cap 312 Cr.
  • Current Price 27.6
  • High / Low 35.8 / 18.4
  • Stock P/E 44.1
  • Book Value 30.3
  • Dividend Yield 0.36 %
  • ROCE 4.18 %
  • ROE 0.80 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.91 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.30% over past five years.
  • Company has a low return on equity of 2.07% over last 3 years.
  • Earnings include an other income of Rs.27.0 Cr.

* 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.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
100 105 90 74 78 89 88 61 79 114 65 74 82
92 106 102 70 78 90 90 62 67 120 58 74 69
Operating Profit 8 -2 -11 4 -0 -1 -3 -1 12 -6 8 -0 13
OPM % 8% -2% -12% 5% -0% -1% -3% -2% 15% -5% 12% -0% 16%
2 10 -1 12 2 20 14 15 5 3 -6 6 24
Interest 6 6 5 6 6 5 7 6 5 4 5 4 3
Depreciation 1 2 4 1 1 2 3 0 1 1 3 1 1
Profit before tax 3 1 -21 9 -5 12 1 7 12 -8 -6 1 33
Tax % -89% -406% 13% -10% 8% 9% -614% -16% 26% -9% 15% 208% 12%
Net Profit 6 3 -19 10 -5 11 7 9 9 -9 -5 -1 29
EPS in Rs 0.51 0.30 -1.64 0.85 -0.41 1.00 0.62 0.76 0.75 -0.75 -0.45 -0.13 2.55
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
233 359 451 385 426 402 442 351 359 393 329 319 335
214 320 380 335 447 383 383 392 313 387 328 305 320
Operating Profit 19 40 71 50 -20 19 59 -41 47 5 0 14 15
OPM % 8% 11% 16% 13% -5% 5% 13% -12% 13% 1% 0% 4% 4%
12 14 6 8 11 13 36 62 16 14 48 16 27
Interest 6 7 6 5 4 7 12 15 20 22 24 20 16
Depreciation 11 13 11 12 11 11 10 9 9 8 6 5 6
Profit before tax 15 35 59 41 -25 14 74 -3 34 -11 17 5 20
Tax % 12% 18% 31% 20% 43% 13% 22% 483% 52% 42% -36% 31%
Net Profit 13 28 41 33 -14 12 57 12 16 -6 23 4 14
EPS in Rs 1.13 2.51 3.61 2.92 -1.23 1.05 5.04 1.01 1.44 -0.55 2.05 0.32 1.22
Dividend Payout % 40% 28% 28% 29% -8% 24% 18% 10% 7% -18% 5% 32%
Compounded Sales Growth
10 Years: -1%
5 Years: -6%
3 Years: -4%
TTM: 6%
Compounded Profit Growth
10 Years: -21%
5 Years: -47%
3 Years: -46%
TTM: -80%
Stock Price CAGR
10 Years: 3%
5 Years: 1%
3 Years: 24%
1 Year: 0%
Return on Equity
10 Years: 6%
5 Years: 3%
3 Years: 2%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 171 190 218 240 220 229 271 270 286 278 302 304 332
98 109 50 87 99 107 140 209 220 265 270 190 126
146 135 167 173 155 180 126 99 180 121 59 73 62
Total Liabilities 427 446 447 511 486 527 548 590 697 676 643 578 531
131 123 118 108 108 105 108 100 99 92 91 92 90
CWIP 2 2 2 8 2 1 1 0 0 2 3 1 5
Investments 24 35 33 40 46 47 147 188 148 141 178 180 174
269 286 294 356 330 375 292 301 450 441 371 304 262
Total Assets 427 446 447 511 486 527 548 590 697 676 643 578 531

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
22 20 28 -5 15 15 50 -70 -52 27 17 114
-6 -8 -3 -10 -7 0 -93 7 29 -1 -11 1
-14 -14 -25 19 -4 -10 36 69 17 -23 -11 -102
Net Cash Flow 1 -2 -0 4 4 5 -7 6 -6 3 -5 14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 32 24 27 29 33 49 27 30 29 35 51 33
Inventory Days 606 374 306 466 243 331 280 265 684 422 373 356
Days Payable 219 117 122 167 104 140 78 75 244 82 21 35
Cash Conversion Cycle 420 281 211 328 171 240 230 220 468 375 403 355
Working Capital Days 219 169 115 181 147 162 131 153 241 250 332 234
ROCE % 7% 12% 23% 15% -7% 5% 22% 1% 11% 2% 7% 4%

Shareholding Pattern

Numbers in percentages

2 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
40.59 40.59 40.59 40.59 40.59 40.59 40.59 40.59 40.59 40.59 40.59 40.59
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.19 0.28 0.08 0.33
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00
59.40 59.40 59.40 59.40 59.40 59.40 59.40 59.39 59.21 59.12 59.33 59.07

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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