Thiru Arooran Sugars Ltd

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Thiru Arooran Sugars is engaged in the business of manufacture of Sugar, and Potable/Industrial Alcohol (including Ethanol).

  • Market Cap 9.17 Cr.
  • Current Price 8.10
  • High / Low 9.29 / 2.55
  • Stock P/E
  • Book Value 190
  • Dividend Yield 0.00 %
  • ROCE -18.0 %
  • ROE -30.9 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.04 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.78%
  • The company has delivered a poor sales growth of 0.80% over past five years.
  • Company has a low return on equity of -16.22% for last 3 years.
  • Contingent liabilities of Rs.79.91 Cr.
  • Promoters have pledged 66.43% of their holding.
  • Company has high debtors of 199.80 days.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2006 Mar 2007 Dec 2007 Mar 2008
103.88 124.76 79.50 100.04
118.53 120.53 90.79 94.07
Operating Profit -14.65 4.23 -11.29 5.97
OPM % -14.10% 3.39% -14.20% 5.97%
Other Income 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00
Profit before tax -14.65 4.23 -11.29 5.97
Tax % 0.00% 0.00% 0.00% 0.00%
Net Profit -14.65 4.23 -11.29 5.97
EPS in Rs -12.95 3.74 -9.98 5.28

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2006 Sep 2007 Sep 2008 Dec 2009 Dec 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
318 412 354 643 458 615 371 486 540 571 608 386
244 400 331 490 427 564 320 359 563 597 553 480
Operating Profit 74 12 23 153 30 51 52 126 -23 -26 55 -94
OPM % 23% 3% 7% 24% 7% 8% 14% 26% -4% -4% 9% -24%
Other Income 5 17 32 6 28 9 6 11 37 9 26 16
Interest 24 27 27 44 38 29 26 126 140 107 80 84
Depreciation 19 20 20 27 20 27 22 61 25 24 24 24
Profit before tax 36 -18 9 88 0 4 10 -50 -150 -148 -23 -186
Tax % 40% 39% 49% 47% -1,244% 36% 46% 36% 32% 68% 32% 29%
Net Profit 20 -11 4 45 3 2 5 -21 -67 -30 -8 -79
EPS in Rs 17.57 -10.14 3.37 40.16 2.38 1.95 4.00 -18.70 -58.78 -26.35 -7.46 -69.91
Dividend Payout % 10% 0% 0% 10% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-1%
5 Years:1%
3 Years:-11%
TTM:-36%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-7%
TTM:-840%
Stock Price CAGR
10 Years:-22%
5 Years:-35%
3 Years:-36%
1 Year:195%
Return on Equity
10 Years:-8%
5 Years:-17%
3 Years:-16%
Last Year:-31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2006 Sep 2007 Sep 2008 Dec 2009 Dec 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
11 11 11 11 11 11 11 11 11 11 11 11
Reserves 98 86 90 130 133 135 140 291 221 191 288 204
Borrowings 263 207 202 304 292 189 212 945 1,018 316 308 308
169 164 99 328 217 219 292 609 516 1,375 1,455 1,358
Total Liabilities 542 468 402 773 654 554 655 1,857 1,766 1,894 2,062 1,882
230 237 234 223 212 213 239 742 734 716 806 787
CWIP 11 9 4 4 12 20 16 27 30 27 24 15
Investments 40 40 40 70 70 70 70 37 36 36 39 36
260 183 125 476 359 251 330 1,051 966 1,114 1,192 1,044
Total Assets 542 468 402 773 654 554 655 1,857 1,766 1,894 2,062 1,882

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2006 Sep 2007 Sep 2008 Dec 2009 Dec 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-5 91 4 43 26 150 44 -55 40 -7 105 120
-12 -23 -11 -44 -16 -31 -41 -5 6 0 -1 4
8 -59 -5 53 -47 -130 -3 61 -55 45 -137 -132
Net Cash Flow -9 9 -12 52 -38 -11 -0 1 -9 38 -32 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2006 Sep 2007 Sep 2008 Dec 2009 Dec 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 3% 12% 35% 9% 9% 10% 9% -1% -5% 10% -18%
Debtor Days 21 25 23 19 36 33 65 118 114 127 127 200
Inventory Turnover 1.86 2.99 1.75 1.19 2.51 1.52 0.59 0.78 1.12 1.14 1.12

Shareholding Pattern

Numbers in percentages

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
62.31 62.31 62.31 62.31 62.31 62.31 62.31 62.31 62.31 62.31 61.65 58.87
0.02 0.02 0.02 0.04 0.04 0.02 0.02 0.02 0.02 0.02 0.02 0.02
37.66 37.66 37.66 37.65 37.65 37.66 37.66 37.66 37.66 37.66 38.32 41.11

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