Magadh Sugar & Energy Ltd
₹ 742
-1.52%
14 Jun
- close price
About
Magadh Sugar & Energy Limited is primarily engaged in the manufacture and sale of sugar and its by-products (molasses, bagasse and press-mud), denatured spirits including ethanol and power. The Company is part of the K. K. Birla Group of Sugar Companies. [1]
Key Points
- Market Cap ₹ 1,046 Cr.
- Current Price ₹ 742
- High / Low ₹ 866 / 403
- Stock P/E 8.98
- Book Value ₹ 529
- Dividend Yield 0.94 %
- ROCE 14.5 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 28.0% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 8.21% over past five years.
- Company has a low return on equity of 11.3% over last 3 years.
- Company might be capitalizing the interest cost
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 681 | 717 | 739 | 916 | 952 | 995 | 953 | 1,097 | |
| 0 | 0 | 520 | 654 | 638 | 761 | 837 | 870 | 822 | 884 | |
| Operating Profit | 0 | -0 | 160 | 64 | 101 | 155 | 115 | 125 | 131 | 213 |
| OPM % | 24% | 9% | 14% | 17% | 12% | 13% | 14% | 19% | ||
| 0 | 0 | 2 | 8 | 6 | 19 | 2 | 3 | 2 | 2 | |
| Interest | 0 | 0 | 41 | 43 | 35 | 48 | 55 | 40 | 30 | 33 |
| Depreciation | 0 | 0 | 20 | 19 | 18 | 18 | 19 | 21 | 25 | 25 |
| Profit before tax | 0 | -0 | 102 | 10 | 54 | 108 | 42 | 66 | 77 | 157 |
| Tax % | 0% | 43% | -145% | 36% | 23% | 36% | 31% | 35% | 26% | |
| 0 | -0 | 58 | 25 | 34 | 83 | 27 | 46 | 50 | 116 | |
| EPS in Rs | 41.02 | 17.67 | 24.27 | 58.93 | 19.22 | 32.66 | 35.67 | 82.61 | ||
| Dividend Payout % | 0% | 3% | 4% | 6% | 7% | 21% | 20% | 20% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 5% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 62% |
| TTM: | 131% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 43% |
| 1 Year: | 80% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 17% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 10 | 10 | 10 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 0 | -0 | 391 | 414 | 446 | 522 | 544 | 584 | 625 | 732 |
| 0 | 0 | 462 | 519 | 539 | 641 | 632 | 637 | 583 | 637 | |
| 0 | 0 | 247 | 204 | 391 | 367 | 240 | 113 | 187 | 228 | |
| Total Liabilities | 0 | 0 | 1,111 | 1,147 | 1,386 | 1,544 | 1,430 | 1,348 | 1,409 | 1,611 |
| 0 | 0 | 649 | 653 | 657 | 670 | 691 | 807 | 790 | 792 | |
| CWIP | 0 | 0 | 1 | 2 | 2 | 7 | 15 | 1 | 2 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 461 | 492 | 727 | 867 | 724 | 540 | 617 | 815 | |
| Total Assets | 0 | 0 | 1,111 | 1,147 | 1,386 | 1,544 | 1,430 | 1,348 | 1,409 | 1,611 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -0 | 89 | 21 | 41 | -17 | 125 | 147 | 115 | 31 | |
| 0 | 0 | -13 | -24 | -24 | -36 | -52 | -106 | -21 | -43 | |
| 0 | 0 | -75 | 3 | -17 | 53 | -73 | -41 | -94 | 12 | |
| Net Cash Flow | 0 | -0 | 0 | -1 | -0 | 0 | -0 | -0 | -0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6 | 10 | 10 | 4 | 6 | 18 | 13 | 12 | ||
| Inventory Days | 358 | 297 | 456 | 451 | 337 | 231 | 309 | 390 | ||
| Days Payable | 88 | 111 | 244 | 184 | 85 | 19 | 58 | 79 | ||
| Cash Conversion Cycle | 276 | 196 | 222 | 271 | 258 | 229 | 264 | 323 | ||
| Working Capital Days | 103 | 125 | 154 | 196 | 179 | 170 | 185 | 207 | ||
| ROCE % | -25% | 33% | 5% | 9% | 13% | 8% | 9% | 9% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report for the financial year 2023-24
- Announcement under Regulation 30 (LODR)-Change in Management 23 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21 May - Transcript of the earnings conference call for the quarter and year ended 31st March, 2024 which was held on 15th May, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 May - Audio Recording of Earnings Call of Magadh Sugar & Energy Limited
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - Newspaper advertisements published in The Business Standard in English & Hindi (Lucknow Edition) on Wednesday, May 15, 2024
Annual reports
Concalls
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May 2024Transcript PPT REC
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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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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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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
Long Track Record
The Co is a part of Birla Sugars (a group co. of the erstwhile KK Birla Group), with an operating track record of around nine decades. The group also owns Avadh Sugar & Energy Limited that has mills located in Uttar Pradesh. Birla Sugars’ combined crushing capacity of 50,800TCD is among the top five in India. [1]