Magadh Sugar & Energy Ltd

₹ 317 0.43%
27 Jan - 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

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 446 Cr.
  • Current Price 317
  • High / Low 456 / 247
  • Stock P/E 9.62
  • Book Value 413
  • Dividend Yield 2.05 %
  • ROCE 8.78 %
  • ROE 7.99 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.77 times its book value

Cons

  • The company has delivered a poor sales growth of 7.89% over past five years.
  • Company has a low return on equity of 8.90% 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

Figures in Rs. Crores

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
163.01 281.78 291.21 192.34 211.58 222.23 325.79 252.51 198.13 201.58 342.84 245.69 199.46
145.31 234.71 228.08 175.23 207.14 181.56 273.53 242.17 187.36 159.89 281.31 230.42 197.23
Operating Profit 17.70 47.07 63.13 17.11 4.44 40.67 52.26 10.34 10.77 41.69 61.53 15.27 2.23
OPM % 10.86% 16.70% 21.68% 8.90% 2.10% 18.30% 16.04% 4.09% 5.44% 20.68% 17.95% 6.22% 1.12%
2.38 0.32 16.32 0.96 0.49 0.10 0.77 0.28 0.32 1.37 0.86 0.29 0.43
Interest 13.04 10.27 11.68 13.05 15.04 13.06 14.16 11.69 10.41 7.37 10.31 9.17 6.64
Depreciation 4.37 4.75 4.63 4.63 4.39 5.42 4.74 4.98 5.05 5.08 5.82 6.25 6.32
Profit before tax 2.67 32.37 63.14 0.39 -14.50 22.29 34.13 -6.05 -4.37 30.61 46.26 0.14 -10.30
Tax % 33.71% 35.77% 13.91% 46.15% 34.07% 34.41% 36.10% 34.71% 30.66% 34.73% 28.64% 42.86% 35.05%
Net Profit 1.77 20.79 54.35 0.21 -9.57 14.63 21.81 -3.95 -3.03 19.98 33.02 0.08 -6.69
EPS in Rs 1.26 14.75 38.57 0.15 -6.79 10.38 15.48 -2.80 -2.15 14.18 23.43 0.06 -4.75
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 0 681 717 739 916 952 995 990
0 0 520 654 638 761 837 870 869
Operating Profit 0 -0 160 64 101 155 115 125 121
OPM % 24% 9% 14% 17% 12% 13% 12%
0 0 2 8 6 19 2 3 3
Interest 0 0 41 43 35 48 55 40 33
Depreciation 0 0 20 19 18 18 19 21 23
Profit before tax 0 -0 102 10 54 108 42 66 67
Tax % 0% 43% -145% 36% 23% 36% 31%
Net Profit 0 -0 58 25 34 83 27 46 46
EPS in Rs 41.02 17.67 24.27 58.93 19.22 32.66 32.92
Dividend Payout % 0% 3% 4% 6% 7% 21% 20%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 10%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: 11%
TTM: 57%
Stock Price CAGR
10 Years: %
5 Years: 26%
3 Years: 35%
1 Year: 5%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 9%
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 Sep 2022
0 0 10 10 10 14 14 14 14
Reserves 0 -0 391 414 446 522 544 584 568
0 0 462 519 539 641 632 637 304
0 0 247 204 391 367 240 113 67
Total Liabilities 0 0 1,111 1,147 1,386 1,544 1,430 1,348 953
0 0 649 653 657 670 691 807 797
CWIP 0 0 1 2 2 7 15 1 4
Investments 0 0 0 0 0 0 0 0 0
0 0 461 492 727 867 724 540 152
Total Assets 0 0 1,111 1,147 1,386 1,544 1,430 1,348 953

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 -0 89 21 41 -17 125 147
0 0 -13 -24 -24 -36 -52 -106
0 0 -75 3 -17 53 -73 -41
Net Cash Flow 0 -0 0 -1 -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
Debtor Days 6 10 10 4 6 18
Inventory Days 358 297 456 451 337 231
Days Payable 88 111 244 184 85 19
Cash Conversion Cycle 276 196 222 271 258 229
Working Capital Days 103 125 154 196 179 153
ROCE % -25% 33% 5% 9% 13% 8% 9%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
60.95 60.95 60.95 60.95 60.95 60.95 61.02 61.02 61.02 61.02 61.02 61.02
0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.12 0.00 0.10 0.03
0.26 0.03 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.11
38.80 39.02 39.04 39.04 39.04 39.03 38.97 38.97 38.85 38.97 38.88 38.86

* 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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