Magadh Sugar & Energy Ltd

Magadh Sugar & Energy Ltd

₹ 620 -1.95%
27 Feb 4:01 p.m.
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

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]

  • Market Cap 875 Cr.
  • Current Price 620
  • High / Low 866 / 287
  • Stock P/E 8.37
  • Book Value 468
  • Dividend Yield 1.13 %
  • ROCE 8.76 %
  • ROE 8.14 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 20.1%

Cons

  • The company has delivered a poor sales growth of 5.86% over past five years.
  • Company has a low return on equity of 7.11% 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.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
222 326 253 198 202 343 246 199 210 299 301 289 219
182 274 242 187 160 281 230 197 164 230 263 256 157
Operating Profit 41 52 10 11 42 62 15 2 45 68 38 33 61
OPM % 18% 16% 4% 5% 21% 18% 6% 1% 22% 23% 13% 11% 28%
0 1 0 0 1 1 0 0 0 1 0 0 1
Interest 13 14 12 10 7 10 9 7 5 9 11 7 4
Depreciation 5 5 5 5 5 6 6 6 6 6 6 6 6
Profit before tax 22 34 -6 -4 31 46 0 -10 34 53 21 21 52
Tax % 34% 36% 35% 31% 35% 29% 43% 35% 36% 34% 25% 27% 25%
15 22 -4 -3 20 33 0 -7 22 35 16 15 39
EPS in Rs 10.38 15.48 -2.80 -2.15 14.18 23.43 0.06 -4.75 15.48 24.87 11.03 10.70 27.61
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 681 717 739 916 952 995 953 1,107
0 0 520 654 638 761 837 870 822 906
Operating Profit 0 -0 160 64 101 155 115 125 131 201
OPM % 24% 9% 14% 17% 12% 13% 14% 18%
0 0 2 8 6 19 2 3 2 2
Interest 0 0 41 43 35 48 55 40 30 31
Depreciation 0 0 20 19 18 18 19 21 25 25
Profit before tax 0 -0 102 10 54 108 42 66 77 147
Tax % 0% 43% -145% 36% 23% 36% 31% 35%
0 -0 58 25 34 83 27 46 50 105
EPS in Rs 41.02 17.67 24.27 58.93 19.22 32.66 35.67 74.21
Dividend Payout % 0% 3% 4% 6% 7% 21% 20% 20%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 1%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: -11%
TTM: 117%
Stock Price CAGR
10 Years: %
5 Years: 47%
3 Years: 78%
1 Year: 99%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 7%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 10 10 10 14 14 14 14 14
Reserves 0 -0 391 414 446 522 544 584 625 646
0 0 462 519 539 641 632 637 583 214
0 0 247 204 391 367 240 113 187 98
Total Liabilities 0 0 1,111 1,147 1,386 1,544 1,430 1,348 1,409 971
0 0 649 653 657 670 691 807 790 775
CWIP 0 0 1 2 2 7 15 1 2 7
Investments 0 0 0 0 0 0 0 0 0 0
0 0 461 492 727 867 724 540 617 189
Total Assets 0 0 1,111 1,147 1,386 1,544 1,430 1,348 1,409 971

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 -0 89 21 41 -17 125 147 115
0 0 -13 -24 -24 -36 -52 -106 -21
0 0 -75 3 -17 53 -73 -41 -94
Net Cash Flow 0 -0 0 -1 -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
Debtor Days 6 10 10 4 6 18 13
Inventory Days 358 297 456 451 337 231 309
Days Payable 88 111 244 184 85 19 58
Cash Conversion Cycle 276 196 222 271 258 229 264
Working Capital Days 103 125 154 196 179 170 185
ROCE % -25% 33% 5% 9% 13% 8% 9% 9%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
60.95% 60.95% 61.02% 61.02% 61.02% 61.02% 61.02% 61.02% 61.02% 61.02% 61.02% 61.02%
0.00% 0.02% 0.00% 0.00% 0.12% 0.00% 0.10% 0.03% 0.07% 0.05% 0.22% 0.47%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.11% 0.11% 0.01% 0.03% 0.01%
39.04% 39.03% 38.97% 38.97% 38.85% 38.97% 38.88% 38.86% 38.82% 38.93% 38.72% 38.52%
No. of Shareholders 7,9079,7889,78110,14911,38912,72312,53812,06511,1539,9919,93311,418

* 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.

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Documents

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