Kothari Sugars & Chemicals Ltd
Incorporated in 1961, Kothari Sugars & Chemicals Ltd is engaged in sugar manufacturing, power cogenerations and production of industrial alcohol from molasses and bio-compost from press mud and distillery effluents. [1]
- Market Cap ₹ 324 Cr.
- Current Price ₹ 39.1
- High / Low ₹ 53.0 / 27.8
- Stock P/E 8.28
- Book Value ₹ 31.1
- Dividend Yield 1.26 %
- ROCE 19.2 %
- ROE 16.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 76.4% CAGR over last 5 years
Cons
- Company has a low return on equity of 14.0% over last 3 years.
- Working capital days have increased from 59.8 days to 89.2 days
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
322 | 433 | 323 | 340 | 247 | 317 | 287 | 332 | 352 | 419 | 422 | 610 | |
288 | 399 | 302 | 331 | 229 | 280 | 259 | 309 | 324 | 386 | 373 | 549 | |
Operating Profit | 34 | 34 | 21 | 9 | 18 | 36 | 28 | 23 | 28 | 33 | 50 | 61 |
OPM % | 11% | 8% | 7% | 3% | 7% | 11% | 10% | 7% | 8% | 8% | 12% | 10% |
3 | 8 | 9 | 11 | 7 | -1 | -5 | 20 | 11 | 10 | 8 | 12 | |
Interest | 5 | 6 | 10 | 5 | 7 | 8 | 6 | 7 | 7 | 5 | 4 | 4 |
Depreciation | 13 | 17 | 16 | 16 | 15 | 15 | 14 | 13 | 13 | 14 | 14 | 14 |
Profit before tax | 19 | 19 | 5 | -0 | 3 | 13 | 3 | 23 | 19 | 23 | 39 | 55 |
Tax % | 55% | 55% | 39% | -1,200% | 58% | 17% | 82% | 44% | -2% | 19% | 14% | 24% |
Net Profit | 8 | 9 | 3 | -5 | 1 | 10 | 0 | 13 | 19 | 19 | 34 | 42 |
EPS in Rs | 1.01 | 1.04 | 0.34 | -0.55 | 0.14 | 1.26 | 0.06 | 1.53 | 2.34 | 2.29 | 4.11 | 5.06 |
Dividend Payout % | 0% | 0% | 149% | 0% | 0% | 40% | 0% | 33% | 0% | 0% | 0% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 16% |
3 Years: | 20% |
TTM: | 44% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 76% |
3 Years: | 40% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 34% |
3 Years: | 42% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
92 | 91 | 90 | 87 | 84 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | |
Reserves | 32 | 40 | 38 | 34 | 35 | 49 | 56 | 69 | 84 | 103 | 137 | 175 |
140 | 180 | 137 | 162 | 174 | 146 | 120 | 116 | 84 | 36 | 57 | 38 | |
104 | 80 | 117 | 79 | 77 | 103 | 110 | 123 | 124 | 119 | 118 | 136 | |
Total Liabilities | 358 | 384 | 375 | 358 | 368 | 380 | 370 | 391 | 375 | 341 | 395 | 432 |
183 | 227 | 219 | 209 | 195 | 191 | 178 | 167 | 172 | 162 | 153 | 152 | |
CWIP | 25 | 1 | 6 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 9 |
Investments | 7 | 8 | 16 | 18 | 18 | 20 | 33 | 48 | 30 | 58 | 71 | 72 |
144 | 148 | 135 | 131 | 155 | 169 | 159 | 174 | 172 | 121 | 170 | 199 | |
Total Assets | 358 | 384 | 375 | 358 | 368 | 380 | 370 | 391 | 375 | 341 | 395 | 432 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-6 | -3 | 64 | -13 | 25 | 25 | 37 | 26 | 27 | 82 | -3 | 45 | |
5 | -36 | -18 | 1 | 4 | -10 | 0 | -11 | 3 | -29 | -13 | -19 | |
-21 | 38 | -57 | 18 | -22 | -28 | -36 | -10 | -30 | -1 | -11 | -15 | |
Net Cash Flow | -23 | -2 | -10 | 6 | 8 | -14 | 1 | 5 | 0 | 52 | -27 | 11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 14 | 15 | 9 | 14 | 16 | 23 | 19 | 28 | 18 | 21 | 17 |
Inventory Days | 143 | 111 | 152 | 139 | 236 | 235 | 224 | 216 | 181 | 101 | 165 | 116 |
Days Payable | 68 | 24 | 72 | 45 | 60 | 88 | 133 | 127 | 111 | 95 | 99 | 73 |
Cash Conversion Cycle | 98 | 102 | 95 | 103 | 189 | 162 | 114 | 108 | 99 | 24 | 88 | 60 |
Working Capital Days | 46 | 64 | 34 | 65 | 75 | 68 | 68 | 77 | 74 | 26 | 64 | 89 |
ROCE % | 9% | 8% | 5% | 1% | 3% | 9% | 7% | 10% | 8% | 10% | 17% | 19% |
Documents
Announcements
Annual reports
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Financial Year 2022
from nse
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Financial Year 2021
from nse
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Financial Year 2020
from nse
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
from nse
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from nse
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Financial Year 2011
from nse
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Financial Year 2010
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Business Segments
Sugar: The Co crushed 7,70,823 tons of cane and produced 7,11,130 quintals of sugar in FY21 as against crushing of 6,68,906 tons and sugar production of 6,15,620 quintals in FY20.
Alcohol: The Co produced 140.26 Lakh litres of alcohol during FY21 against 168.53 Lakh litres in FY20.
Power: The Co produced 64.427 million units of power in FY21 against 57.963 million units in FY20.[1]
Revenue Split
Sugar: 55% in FY22 vs 62% in FY20
Distillery: 22% in FY22 vs 23% in FY20
Co-generation of Power: 23% in FY22 vs 15% in FY20.[2][3]