Kothari Sugars & Chemicals Ltd

₹ 41.4 3.76%
31 Jan - close price
About

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]

Key Points

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]

  • Market Cap 343 Cr.
  • Current Price 41.4
  • High / Low 53.0 / 27.8
  • Stock P/E 7.39
  • Book Value 29.6
  • Dividend Yield 0.00 %
  • ROCE 16.8 %
  • ROE 16.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.92% over past five years.
  • Company has a low return on equity of 11.4% 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.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
65.62 70.59 87.46 127.98 81.26 94.48 116.29 90.86 89.80 91.81 151.02 157.41 116.81
58.76 76.11 78.84 111.06 80.94 83.71 111.66 78.83 84.68 85.36 124.93 119.78 114.49
Operating Profit 6.86 -5.52 8.62 16.92 0.32 10.77 4.63 12.03 5.12 6.45 26.09 37.63 2.32
OPM % 10.45% -7.82% 9.86% 13.22% 0.39% 11.40% 3.98% 13.24% 5.70% 7.03% 17.28% 23.91% 1.99%
1.67 1.33 8.20 1.89 5.53 1.18 1.09 3.42 6.68 0.68 -2.89 0.28 4.18
Interest 2.12 1.20 1.25 2.08 1.69 0.91 0.42 1.48 1.58 0.56 0.49 1.56 1.31
Depreciation 3.21 3.21 3.38 3.43 3.44 3.45 3.47 3.46 3.49 3.54 3.60 3.52 3.47
Profit before tax 3.20 -8.60 12.19 13.30 0.72 7.59 1.83 10.51 6.73 3.03 19.11 32.83 1.72
Tax % 93.44% 18.26% 28.79% 11.35% 23.61% 27.67% 35.52% 20.46% 5.65% 3.96% 13.97% 30.37% -55.23%
Net Profit 0.22 -7.02 8.69 11.79 0.55 5.49 1.19 8.35 6.35 2.90 16.43 22.87 2.67
EPS in Rs 0.03 -0.85 1.05 1.42 0.07 0.66 0.14 1.01 0.77 0.35 1.98 2.76 0.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
271 322 433 323 340 247 317 287 332 352 419 422 517
247 288 399 302 331 229 280 259 309 324 386 373 445
Operating Profit 24 34 34 21 9 18 36 28 23 28 33 50 72
OPM % 9% 11% 8% 7% 3% 7% 11% 10% 7% 8% 8% 12% 14%
9 3 8 9 11 7 -1 -5 20 11 10 8 2
Interest 7 5 6 10 5 7 8 6 7 7 5 4 4
Depreciation 14 13 17 16 16 15 15 14 13 13 14 14 14
Profit before tax 12 19 19 5 -0 3 13 3 23 19 23 39 57
Tax % 39% 55% 55% 39% -1,200% 58% 17% 82% 44% -2% 19% 14%
Net Profit 8 8 9 3 -5 1 10 0 13 19 19 34 45
EPS in Rs 0.91 1.01 1.04 0.34 -0.55 0.14 1.26 0.06 1.53 2.34 2.29 4.11 5.41
Dividend Payout % 0% 0% 0% 149% 0% 0% 40% 0% 33% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 6%
3 Years: 8%
TTM: 32%
Compounded Profit Growth
10 Years: 14%
5 Years: 16%
3 Years: 42%
TTM: 162%
Stock Price CAGR
10 Years: 16%
5 Years: 22%
3 Years: 46%
1 Year: 12%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 11%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
93 92 91 90 87 84 83 83 83 83 83 83 83
Reserves 23 32 40 38 34 35 49 56 69 84 103 137 163
169 140 180 137 162 174 146 120 116 84 36 57 56
76 104 80 117 79 77 103 110 123 124 119 118 96
Total Liabilities 351 358 384 375 358 368 380 370 391 375 341 395 398
184 183 227 219 209 195 191 178 167 172 162 153 146
CWIP 15 25 1 6 0 0 0 0 1 0 0 1 8
Investments 32 7 8 16 18 18 20 33 48 30 58 71 71
120 144 148 135 131 155 169 159 174 172 121 170 172
Total Assets 351 358 384 375 358 368 380 370 391 375 341 395 398

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
19 -6 -3 64 -13 25 25 37 26 27 82 -3
6 5 -36 -18 1 4 -10 0 -11 3 -29 -13
-11 -21 38 -57 18 -22 -28 -36 -10 -30 -1 -11
Net Cash Flow 13 -23 -2 -10 6 8 -14 1 5 0 52 -27

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 19 23 14 15 9 14 16 23 19 28 18 21
Inventory Days 101 143 111 152 139 236 235 224 216 181 101 165
Days Payable 47 68 24 72 45 60 88 133 127 111 95 99
Cash Conversion Cycle 73 98 102 95 103 189 162 114 108 99 24 88
Working Capital Days 8 46 64 34 65 75 68 68 77 74 26 64
ROCE % 6% 9% 8% 5% 1% 3% 9% 7% 10% 8% 10% 17%

Shareholding Pattern

Numbers in percentages

2 recently

Shareholding pattern is currently not available for this company.

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