Kothari Sugars & Chemicals Ltd

Kothari Sugars & Chemicals Ltd

₹ 62.4 -2.01%
21 Jun - close price
About

Incorporated in 1961,Kothari Sugars and Chemicals Limited (KSCL) are the Manufacturers of Sugar, Alcohol and Powerhaving units at Kattur and Sathamangalam, Tamilnadu. [1]

Key Points

Business Segments[1]
Sugar: Company crushed ~10,87,693 tons of cane and produced 10,38,540 quintals of sugar in FY23(Recovery rate: 9.57%) as against crushing of 8,74,135 tons of cane and sugar production of 8,44,380 quintals in FY22(Recovery rate: 9.7%) .
Alcohol: Company produced 178.22 lakhs litres of alcohol during the FY23 against 171.96 lakhs litres in FY22.
Power: Company's power generation was 88.25 million units in FY23 against 71.66 million units in FY2

Revenue Split 9MFY24[2]
Sugar: 62%
Distillery: 20%
Co-generation of Power: 18%

  • Market Cap 517 Cr.
  • Current Price 62.4
  • High / Low 71.7 / 39.6
  • Stock P/E 17.5
  • Book Value 33.6
  • Dividend Yield 1.60 %
  • ROCE 14.1 %
  • ROE 11.0 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 20.8% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 8.64% over past five years.
  • Company has a low return on equity of 13.8% over last 3 years.
  • Earnings include an other income of Rs.15.4 Cr.
  • Working capital days have increased from 84.5 days to 143 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.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
116.29 90.86 89.80 91.81 151.02 157.41 116.81 128.28 207.48 162.96 113.18 132.31 94.28
111.66 78.83 84.68 85.36 124.93 119.78 114.49 136.43 178.65 133.19 101.47 132.58 91.17
Operating Profit 4.63 12.03 5.12 6.45 26.09 37.63 2.32 -8.15 28.83 29.77 11.71 -0.27 3.11
OPM % 3.98% 13.24% 5.70% 7.03% 17.28% 23.91% 1.99% -6.35% 13.90% 18.27% 10.35% -0.20% 3.30%
1.09 3.42 6.68 0.68 -2.89 0.28 4.18 2.09 5.61 2.53 3.61 4.02 5.24
Interest 0.42 1.48 1.58 0.56 0.49 1.56 1.31 0.69 0.34 1.46 1.06 0.23 0.79
Depreciation 3.47 3.46 3.49 3.54 3.60 3.52 3.47 3.50 3.55 3.34 3.63 3.54 3.77
Profit before tax 1.83 10.51 6.73 3.03 19.11 32.83 1.72 -10.25 30.55 27.50 10.63 -0.02 3.79
Tax % 35.52% 20.46% 5.65% 3.96% 13.97% 30.37% -55.23% 28.49% 22.39% 34.87% 51.27% 3,850.00% -48.81%
1.19 8.35 6.35 2.90 16.43 22.87 2.67 -7.33 23.71 17.90 5.18 0.76 5.65
EPS in Rs 0.14 1.01 0.77 0.35 1.98 2.76 0.32 -0.88 2.86 2.16 0.62 0.09 0.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
433 323 340 247 317 287 332 352 419 422 609 503
399 302 331 229 280 259 309 324 386 373 548 458
Operating Profit 34 21 9 18 36 28 23 28 33 50 61 44
OPM % 8% 7% 3% 7% 11% 10% 7% 8% 8% 12% 10% 9%
8 9 11 7 -1 -5 20 11 10 8 12 15
Interest 6 10 5 7 8 6 7 7 5 4 4 4
Depreciation 17 16 16 15 15 14 13 13 14 14 14 14
Profit before tax 19 5 -0 3 13 3 23 19 23 39 55 42
Tax % 55% 39% -1,200% 58% 17% 82% 44% -2% 19% 14% 24% 30%
9 3 -5 1 10 0 13 19 19 34 42 29
EPS in Rs 1.04 0.34 -0.55 0.14 1.26 0.06 1.53 2.34 2.29 4.11 5.06 3.56
Dividend Payout % -0% 149% -0% -0% 40% -0% 33% -0% -0% -0% 20% 14%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 6%
TTM: -17%
Compounded Profit Growth
10 Years: 27%
5 Years: 21%
3 Years: 27%
TTM: -17%
Stock Price CAGR
10 Years: 21%
5 Years: 45%
3 Years: 18%
1 Year: 55%
Return on Equity
10 Years: 9%
5 Years: 12%
3 Years: 14%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 83 83 83 83 83 83 83 83 83 83 83 83
Reserves 40 38 34 35 49 56 69 84 103 137 175 196
Preference Capital 8 7 4 1 -0 -0 -0 -0 -0 -0 -0
180 137 162 174 146 120 116 84 36 57 38 70
80 117 79 77 103 110 123 124 119 118 137 134
Total Liabilities 384 375 358 368 380 370 391 375 341 395 433 483
227 219 209 195 191 178 167 172 162 153 152 164
CWIP 1 6 0 0 0 -0 1 -0 0 1 9 0
Investments 8 16 18 18 20 33 48 30 58 71 72 100
148 135 131 155 169 159 174 172 121 170 200 218
Total Assets 384 375 358 368 380 370 391 375 341 395 433 483

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3 64 -13 25 25 37 26 27 82 -3 45 16
-36 -18 1 4 -10 0 -11 3 -29 -13 -19 -36
38 -57 18 -22 -28 -36 -10 -30 -1 -11 -15 -12
Net Cash Flow -2 -10 6 8 -14 1 5 0 52 -27 11 -32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 14 15 9 14 16 23 19 28 18 21 17 16
Inventory Days 111 152 139 236 235 224 216 181 101 165 117 179
Days Payable 24 72 45 60 88 133 127 111 95 99 73 93
Cash Conversion Cycle 102 95 103 189 162 114 108 99 24 88 61 102
Working Capital Days 64 34 65 75 68 68 77 74 26 64 47 143
ROCE % 8% 5% 1% 3% 9% 7% 10% 8% 10% 17% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.53% 73.53% 73.53% 73.53% 73.53% 73.53% 73.53% 73.53% 73.53% 73.53% 73.53% 73.53%
0.00% 0.00% 0.00% 0.00% 0.00% 0.78% 0.74% 0.69% 0.67% 0.65% 0.66% 0.66%
2.12% 1.90% 2.00% 2.15% 2.21% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.67%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
24.33% 24.56% 24.46% 24.31% 24.24% 24.85% 24.89% 24.94% 24.96% 24.98% 24.97% 25.12%
No. of Shareholders 36,40937,49432,37536,09537,02042,41946,59946,62746,01163,34762,93570,586

* 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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