Magadh Sugar & Energy Ltd

About

Magadh Sugar & Energy is primarily engaged in the manufacture and sale of sugar and its by-products (molasses, bagasse and press-mud), spirits including ethanol and power.

  • Market Cap 162 Cr.
  • Current Price 115
  • High / Low 150 / 49.6
  • Stock P/E 3.08
  • Book Value 370
  • Dividend Yield 3.48 %
  • ROCE 12.9 %
  • ROE 14.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.31 times its book value
  • Stock is providing a good dividend yield of 3.48%.
  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 9.28% for last 3 years.
  • Contingent liabilities of Rs.50.83 Cr.
  • Dividend payout has been low at 5.57% of profits over last 3 years

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Figures in Rs. Crores

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
202.69 181.01 216.75 173.85 138.99 209.57 180.16 163.01 281.78 291.21 192.34 211.58
167.09 170.93 201.08 181.35 113.29 142.18 153.28 145.31 234.71 228.08 175.23 207.08
Operating Profit 35.60 10.08 15.67 -7.50 25.70 67.39 26.88 17.70 47.07 63.13 17.11 4.50
OPM % 17.56% 5.57% 7.23% -4.31% 18.49% 32.16% 14.92% 10.86% 16.70% 21.68% 8.90% 2.13%
Other Income 0.58 1.37 2.33 0.32 4.08 -0.79 0.24 2.38 0.32 16.32 0.96 0.43
Interest 6.95 10.75 10.84 8.35 5.64 10.58 13.33 13.04 10.27 11.68 13.05 15.04
Depreciation 4.72 4.51 4.58 4.63 4.52 4.19 4.32 4.37 4.75 4.63 4.63 4.39
Profit before tax 24.51 -3.81 2.58 -20.16 19.62 51.83 9.47 2.67 32.37 63.14 0.39 -14.50
Tax % 23.09% 530.18% 45.74% 31.05% 31.50% 35.77% 35.37% 33.71% 35.77% 13.91% 46.15% 34.07%
Net Profit 18.87 16.40 1.40 -13.90 13.44 33.28 6.12 1.77 20.79 54.35 0.21 -9.57
EPS in Rs 13.38 11.63 0.99 -9.86 9.53 23.60 4.34 1.26 14.75 38.57 0.15 -6.79
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
-0 -0 681 717 739 916 977
-0 0 520 654 638 761 845
Operating Profit -0 -0 160 63 101 155 132
OPM % 24% 9% 14% 17% 13%
Other Income -0 -0 2 9 6 19 18
Interest -0 -0 41 43 35 48 50
Depreciation -0 -0 20 19 18 18 18
Profit before tax -0 -0 102 10 54 108 81
Tax % -0% 43% -145% 36% 23%
Net Profit -0 -0 58 25 34 83 66
EPS in Rs 41.02 17.67 24.27 58.93 46.68
Dividend Payout % -0% 3% 4% 6% 7%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:10%
TTM:41%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:7%
TTM:-4%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-8%
1 Year:20%
Return on Equity
10 Years:%
5 Years:12%
3 Years:9%
Last Year:14%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 0 10 10 10 14 14
Reserves -0 -0 391 414 446 522 507
Borrowings -0 -0 462 519 539 641 641
-0 -0 247 204 391 367 107
Total Liabilities 0 0 1,111 1,147 1,386 1,544 1,269
-0 -0 649 653 657 670 664
CWIP -0 -0 1 2 2 7 24
Investments -0 -0 0 0 0 0 0
0 0 461 492 727 867 581
Total Assets 0 0 1,111 1,147 1,386 1,544 1,269

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-0 -0 89 21 41 -17
-0 -0 -13 -24 -24 -36
0 -0 -75 3 -17 53
Net Cash Flow 0 -0 0 -1 -0 0

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -25% 33% 5% 9% 13%
Debtor Days 6 10 10 4
Inventory Turnover 2.05 1.27 0.95 0.88

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
60.95 60.95 60.95 60.95 60.95 60.95 60.95 60.95 60.95 60.95 60.95 60.95
3.08 3.08 3.08 3.08 3.08 3.08 0.93 0.93 0.02 0.26 0.03 0.01
35.97 35.97 35.97 35.97 35.97 35.97 38.12 38.12 39.04 38.80 39.02 39.04

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