Sakthi Sugars Ltd

₹ 22.3 3.96%
31 Jan - close price
About

Sakthi Sugars Limited is engaged in the business of manufacturing sugar, industrial alcohol, power and soya products. [1]

Key Points

Products
The Co produces High Quality white sugar, raw sugar, refined sugar, industrial alcohol, ethanol, power, high-protein soya and bio-earth. The by-products/waste products include molasses, bagasse and press mud. Production in FY21:
Sugar- 0.87 lakh MT in FY21 vs 1.20 lakh MT in FY20.
Industrial Alcohol- 167.47 lakh litres in FY21 vs 233.37 lakh litres in FY20.
Soya- 29,082 tonnes in FY21 vs 27,272 tonnes in FY20.
Power- 663.08 lakh units in FY21 vs 1087.46 lakh units in FY20. [1][2]

  • Market Cap 265 Cr.
  • Current Price 22.3
  • High / Low 34.6 / 13.3
  • Stock P/E
  • Book Value -21.0
  • Dividend Yield 0.00 %
  • ROCE 2.71 %
  • ROE %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.194 Cr.
  • Promoters have pledged 55.6% of their holding.
  • Earnings include an other income of Rs.282 Cr.
  • 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

Standalone Figures in Rs. Crores / View Consolidated

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
180.21 218.74 222.17 158.28 130.14 119.96 225.01 117.92 73.47 147.54 178.26 302.30 241.99
174.45 229.23 290.98 151.31 132.14 131.01 209.25 112.55 78.80 145.65 156.01 268.81 226.93
Operating Profit 5.76 -10.49 -68.81 6.97 -2.00 -11.05 15.76 5.37 -5.33 1.89 22.25 33.49 15.06
OPM % 3.20% -4.80% -30.97% 4.40% -1.54% -9.21% 7.00% 4.55% -7.25% 1.28% 12.48% 11.08% 6.22%
0.86 58.83 52.64 1.01 1.38 2.87 116.80 2.98 5.66 2.99 77.55 174.82 26.77
Interest 36.11 35.96 90.22 45.43 49.36 49.25 52.36 50.90 53.46 60.47 70.86 25.48 27.94
Depreciation 12.40 12.29 12.34 9.67 9.78 9.80 9.61 7.32 7.41 9.73 23.66 9.15 9.26
Profit before tax -41.89 0.09 -118.73 -47.12 -59.76 -67.23 70.59 -49.87 -60.54 -65.32 5.28 173.68 4.63
Tax % 0.02% 300.00% -0.05% 0.00% -0.12% -18.65% 0.21% 0.52% -0.31% -0.15% 3.22% 0.15% -6.48%
Net Profit -41.88 -0.19 -118.80 -47.12 -59.83 -79.76 70.45 -49.61 -60.73 -65.42 5.11 173.42 4.93
EPS in Rs -3.52 -0.02 -10.00 -3.96 -5.03 -6.71 5.93 -4.17 -5.11 -5.50 0.43 14.59 0.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
2,139 1,103 1,170 707 837 821 926 529 505 803 633 788 870
2,003 973 1,087 691 723 778 812 566 560 881 624 735 797
Operating Profit 136 130 83 16 113 43 114 -37 -55 -78 10 53 73
OPM % 6% 12% 7% 2% 14% 5% 12% -7% -11% -10% 2% 7% 8%
6 5 3 3 32 37 126 -12 100 121 122 86 282
Interest 192 123 138 187 131 81 140 150 260 202 197 235 185
Depreciation 79 65 66 66 64 74 57 53 52 49 39 55 52
Profit before tax -128 -54 -117 -234 -49 -75 43 -252 -267 -208 -104 -150 118
Tax % 22% 11% 26% 32% 30% 27% 30% 30% 20% 1% -12% -0%
Net Profit -100 -48 -87 -159 -35 -55 30 -177 -214 -206 -116 -150 118
EPS in Rs -27.13 -12.96 -23.75 -16.57 -3.61 -5.72 2.55 -14.90 -18.01 -17.33 -9.78 -12.63 9.93
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: -3%
3 Years: 16%
TTM: 62%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -14%
TTM: 36%
Stock Price CAGR
10 Years: -1%
5 Years: 0%
3 Years: 35%
1 Year: 39%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
37 37 37 96 96 96 119 119 119 119 119 119 119
Reserves 664 559 451 357 296 270 317 140 -74 -279 -397 -547 -368
1,328 1,335 1,256 1,081 1,197 1,079 920 919 900 841 918 938 892
391 369 444 568 586 610 641 682 946 1,152 1,172 1,302 1,126
Total Liabilities 2,420 2,301 2,188 2,103 2,175 2,055 1,996 1,859 1,891 1,832 1,812 1,812 1,769
1,398 1,321 1,248 1,160 1,077 1,005 1,354 1,239 1,189 994 957 974 806
CWIP 132 133 149 149 149 150 32 32 0 0 1 1 2
Investments 165 163 163 163 163 164 191 18 13 17 20 17 17
724 684 628 631 786 736 419 570 689 822 835 821 943
Total Assets 2,420 2,301 2,188 2,103 2,175 2,055 1,996 1,859 1,891 1,832 1,812 1,812 1,769

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
161 166 221 80 -94 125 165 -43 36 48 31 37
-32 -5 -70 5 36 11 83 86 23 6 0 9
-138 -118 -210 -94 104 -169 -189 -45 -62 -58 -37 -32
Net Cash Flow -8 44 -60 -9 47 -33 59 -2 -3 -4 -5 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 22 34 35 24 57 48 9 47 49 4 8 6
Inventory Days 31 55 41 90 73 71 64 95 114 41 65 81
Days Payable 45 92 112 188 180 196 147 220 262 169 179 76
Cash Conversion Cycle 8 -3 -37 -75 -50 -77 -73 -78 -99 -123 -106 11
Working Capital Days -76 -110 -131 -344 -268 -217 -183 -330 -660 -444 -197 -235
ROCE % 3% 3% 1% -3% 4% 0% 6% -7% 4% -1% -3% 3%

Shareholding Pattern

Numbers in percentages

22 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
59.83 59.83 59.83 59.83 59.83 59.83 59.83 59.83 59.83 59.83 59.84 59.83
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.04 0.56
19.09 19.09 19.09 19.09 18.24 12.57 11.28 11.28 11.28 10.56 0.04 0.04
0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77
20.30 20.31 20.31 20.31 21.15 26.83 28.12 28.12 28.12 28.82 39.31 38.79

* 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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