Rana Sugars Ltd

₹ 23.6 2.84%
31 Jan - close price
About

Incorporated in July 1991, Rana Sugars Ltd is engaged in the business of manufacturing sugar and undertaking the allied businesses of cogeneration and distillery. [1]

Key Points

Business Segments
Sugar: The Co manufactures and sells sugar, molasses and bagasse with sugar being the main product.
Ethanol: The Co manufactures ethanol as well as liquor.
Power Generation: The Co consumes the by-product bagasse from the sugar process and co generates the power. After meeting the captive requirements of the respective sugar unit the power is exported to the respective State Grids under long term Power Purchase Agreements (PPA). [1]

  • Market Cap 362 Cr.
  • Current Price 23.6
  • High / Low 44.4 / 21.2
  • Stock P/E 6.97
  • Book Value 30.3
  • Dividend Yield 0.00 %
  • ROCE 26.1 %
  • ROE 23.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.78 times its book value
  • Company has delivered good profit growth of 33.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
  • Debtor days have improved from 36.6 to 28.8 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.12% over past five years.
  • Promoter holding is low: 22.6%
  • Company's cost of borrowing seems high

* 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
200.10 239.03 523.18 275.60 142.46 290.82 513.19 373.17 276.91 264.08 486.12 427.36 378.05
178.00 215.69 498.99 267.95 139.83 262.96 424.92 308.07 253.97 235.96 424.59 404.09 370.28
Operating Profit 22.10 23.34 24.19 7.65 2.63 27.86 88.27 65.10 22.94 28.12 61.53 23.27 7.77
OPM % 11.04% 9.76% 4.62% 2.78% 1.85% 9.58% 17.20% 17.45% 8.28% 10.65% 12.66% 5.45% 2.06%
0.82 0.80 228.82 0.43 73.45 2.20 0.50 0.07 0.39 -14.65 2.08 8.94 4.44
Interest 2.03 6.11 -9.49 4.55 4.96 4.47 4.43 4.30 4.67 4.06 15.80 4.94 4.38
Depreciation 1.79 8.51 15.15 6.20 4.29 5.27 11.26 6.75 6.75 6.80 7.43 7.49 6.98
Profit before tax 19.10 9.52 247.35 -2.67 66.83 20.32 73.08 54.12 11.91 2.61 40.38 19.78 0.85
Tax % 0.00% 0.00% -2.87% 0.00% 0.00% 0.00% -0.18% 0.00% 0.00% 0.00% 58.94% 21.03% 0.00%
Net Profit 19.10 9.51 254.44 -2.67 66.83 20.33 73.21 54.11 11.90 2.62 16.58 15.63 0.84
EPS in Rs 1.24 0.62 16.57 -0.17 4.35 1.32 4.77 3.52 0.77 0.17 1.08 1.02 0.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
781 553 704 648 698 856 1,091 977 1,092 1,313 1,222 1,400 1,556
724 464 592 564 674 717 1,012 940 1,049 1,229 1,095 1,222 1,435
Operating Profit 57 90 112 84 24 139 79 37 42 84 126 178 121
OPM % 7% 16% 16% 13% 3% 16% 7% 4% 4% 6% 10% 13% 8%
3 1 -1 -0 8 1 2 7 15 231 77 -13 1
Interest 68 79 73 80 87 95 90 99 94 22 18 29 29
Depreciation 32 32 33 33 27 28 28 31 33 34 27 28 29
Profit before tax -39 -20 5 -30 -82 17 -38 -87 -69 259 158 109 64
Tax % 6% -0% 1% 19% 33% -0% -19% 1% -8% -3% -0% 22%
Net Profit -37 -20 5 -24 -55 17 -45 -86 -75 266 158 85 36
EPS in Rs -2.39 -1.33 0.35 -1.56 -3.58 1.09 -2.94 -5.63 -4.88 17.30 10.27 5.55 2.32
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 5%
3 Years: 9%
TTM: 7%
Compounded Profit Growth
10 Years: 21%
5 Years: 33%
3 Years: 49%
TTM: -67%
Stock Price CAGR
10 Years: 22%
5 Years: 30%
3 Years: 57%
1 Year: -16%
Return on Equity
10 Years: %
5 Years: %
3 Years: 28%
Last Year: 23%

Balance Sheet

Figures in Rs. Crores

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
195 195 195 195 195 195 154 195 197 199 201 204 154
Reserves 82 61 67 43 -12 5 -82 -169 -243 23 181 267 312
563 644 662 768 783 823 841 823 831 258 160 172 152
271 329 366 371 385 458 286 579 605 629 642 698 347
Total Liabilities 1,070 1,187 1,249 1,336 1,310 1,440 1,199 1,387 1,346 1,064 1,136 1,290 965
489 479 454 453 439 447 455 450 431 378 421 452 459
CWIP 26 25 40 32 34 29 28 21 30 38 28 57 65
Investments 1 0 0 0 0 0 0 0 0 0 0 0 0
553 683 755 851 836 964 717 916 886 648 688 781 440
Total Assets 1,070 1,187 1,249 1,336 1,310 1,440 1,199 1,387 1,346 1,064 1,136 1,290 965

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-2 70 54 3 92 93 113 160 105 329 146 92
-5 -21 -24 -17 -15 -27 -36 -63 -28 -36 -62 -123
-35 -45 -33 26 -96 -52 -87 -103 -85 -246 -76 -3
Net Cash Flow -42 4 -2 13 -19 14 -10 -7 -8 47 8 -34

Ratios

Figures in Rs. Crores

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 17 30 30 33 30 32 24 52 46 40 41 29
Inventory Days 213 533 411 516 387 401 168 231 207 104 151 196
Days Payable 36 161 143 150 129 163 59 196 202 157 201 201
Cash Conversion Cycle 194 401 298 399 288 270 133 88 51 -12 -9 24
Working Capital Days 143 215 199 262 217 184 118 90 62 1 6 27
ROCE % 3% 7% 9% 5% 1% 11% 5% 1% 3% 9% 20% 26%

Shareholding Pattern

Numbers in percentages

6 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
22.64 22.64 22.64 22.64 22.64 22.64 22.64 22.64 22.64 22.64 22.64 22.64
0.00 0.00 0.00 0.00 1.23 1.98 1.86 1.90 2.80 2.32 1.96 0.14
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.02 0.00 0.10
1.66 1.66 1.66 1.66 1.66 1.66 1.66 1.66 1.66 1.67 1.67 1.67
75.68 75.68 75.68 75.68 74.45 73.70 73.82 73.78 72.89 73.36 73.75 75.46

* 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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