Rana Sugars Ltd

Rana Sugars Ltd

₹ 26.2 0.34%
16 Jul - close price
About

Incorporated in 1991, Rana Sugars
Ltd manufactures Sugar, Ethanol
and co-generation of power[1]

Key Points

Business Overview:[1]
RSL is a part of Rana Group and was formed as a joint venture with Punjab Agro Industrial Corporation Ltd. It is an integrated sugar manufacturing company with interest in Sugar, Power, and Alcohol

  • Market Cap 402 Cr.
  • Current Price 26.2
  • High / Low 30.4 / 18.0
  • Stock P/E 14.4
  • Book Value 35.2
  • Dividend Yield 0.00 %
  • ROCE 7.06 %
  • ROE 5.46 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.74 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.85% over past five years.
  • Promoter holding is low: 22.6%
  • Company has a low return on equity of 13.6% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
513 373 277 264 486 427 378 370 452 500 340 337 415
425 308 254 236 425 404 370 346 394 467 345 319 379
Operating Profit 88 65 23 28 62 23 8 25 58 33 -5 18 36
OPM % 17% 17% 8% 11% 13% 5% 2% 7% 13% 7% -1% 5% 9%
0 0 0 -15 2 9 4 1 9 4 6 3 6
Interest 4 4 5 4 16 5 4 4 10 8 6 5 9
Depreciation 11 7 7 7 7 7 7 7 9 8 8 8 11
Profit before tax 73 54 12 3 40 20 1 14 48 21 -13 7 22
Tax % -0% 0% 0% 0% 59% 21% 0% 89% 5% 26% -12% 26% 0%
73 54 12 3 17 16 1 2 45 15 -15 6 22
EPS in Rs 4.77 3.52 0.77 0.17 1.08 1.02 0.05 0.10 2.95 1.00 -0.95 0.36 1.41
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
704 648 698 856 1,091 977 1,092 1,313 1,222 1,400 1,627 1,593
592 564 674 717 1,012 940 1,049 1,229 1,095 1,222 1,514 1,510
Operating Profit 112 84 24 139 79 37 42 84 126 178 113 83
OPM % 16% 13% 3% 16% 7% 4% 4% 6% 10% 13% 7% 5%
-1 -0 8 1 2 7 15 231 77 -13 23 18
Interest 73 80 87 95 90 99 94 22 18 29 23 28
Depreciation 33 33 27 28 28 31 33 34 27 28 31 35
Profit before tax 5 -30 -82 17 -38 -87 -69 259 158 109 82 37
Tax % 1% 19% 33% -0% -19% 1% -8% -3% -0% 22% 23% 24%
5 -24 -55 17 -45 -86 -75 266 158 85 63 28
EPS in Rs 0.35 -1.56 -3.58 1.09 -2.94 -5.63 -4.88 17.30 10.27 5.55 4.13 1.82
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 9%
TTM: -2%
Compounded Profit Growth
10 Years: 12%
5 Years: 19%
3 Years: -31%
TTM: -51%
Stock Price CAGR
10 Years: 20%
5 Years: 59%
3 Years: -7%
1 Year: 12%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 14%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 154 154 154 154 154 154 154 154 154 154 154 154
Reserves 67 43 -12 5 -54 -169 -243 23 181 267 331 387
703 810 824 864 841 865 874 303 207 222 412 415
325 330 344 417 258 537 562 583 594 648 566 548
Total Liabilities 1,249 1,336 1,310 1,440 1,199 1,387 1,346 1,064 1,136 1,290 1,462 1,503
454 453 439 447 455 450 431 378 421 452 521 579
CWIP 40 32 34 29 28 21 30 38 28 57 14 6
Investments 0 0 0 0 0 0 0 0 0 0 0 0
755 851 836 964 717 916 886 648 688 781 926 918
Total Assets 1,249 1,336 1,310 1,440 1,199 1,387 1,346 1,064 1,136 1,290 1,462 1,503

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
54 3 92 93 113 160 105 329 146 92 -84 44
-24 -17 -15 -27 -36 -63 -28 -36 -62 -123 -98 -51
-33 26 -96 -52 -87 -103 -85 -246 -76 -3 170 8
Net Cash Flow -2 13 -19 14 -10 -7 -8 47 8 -34 -12 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 30 33 30 32 24 52 46 40 41 28 29 32
Inventory Days 411 516 387 401 168 231 207 104 151 196 180 168
Days Payable 143 150 129 163 59 196 202 157 201 201 132 124
Cash Conversion Cycle 298 399 288 270 133 88 51 -12 -9 23 77 76
Working Capital Days 199 262 217 184 118 90 62 1 6 27 71 76
ROCE % 9% 5% 1% 11% 5% 1% 3% 9% 20% 26% 13% 7%

Shareholding Pattern

Numbers in percentages

10 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
22.64% 22.64% 22.64% 22.64% 22.64% 22.64% 22.64% 22.64% 22.64% 22.64% 22.64% 22.65%
1.86% 1.90% 2.80% 2.32% 1.96% 0.14% 0.01% 0.00% 1.73% 0.00% 0.03% 0.01%
0.02% 0.02% 0.01% 0.02% 0.00% 0.10% 0.10% 0.00% 0.00% 0.00% 0.00% 0.00%
1.66% 1.66% 1.66% 1.67% 1.67% 1.67% 1.67% 1.66% 1.66% 1.66% 1.66% 1.66%
73.82% 73.78% 72.89% 73.36% 73.75% 75.46% 75.59% 75.70% 73.97% 75.70% 75.66% 75.68%
No. of Shareholders 85,12189,0091,14,0961,20,2431,18,5131,20,5491,19,4141,16,0791,15,4681,17,6821,21,8631,23,147

* 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.

Click on the line-items to see the names of individual entities.

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