Ugar Sugar Works Ltd

Ugar Sugar Works Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ugar Sugar Works Ltd

₹ 89.8 -0.33%
01 Dec 12:57 p.m.
ugarsugar.com BSE: 530363 NSE : UGARSUGAR
About

Incorporated in 1939, The Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and generation and distribution of electricity. [1]

Key Points

Business Segments
Sugar: The main product of the sugar manufacturing process is White Crystal Sugar. The Co. is also engaged in the manufacturing of Bagasse, Filter Cake and Final Molasses.
[1]
Power: The Co. is also engaged in the Co-generation of electricity. It has the capacity generating 44 MW of power, of which 15 MW is used for captive consumption and the balance 28 MW is fed to the grid (KPTCL). [2]
Distillery: The Co has two distilleries and Indian Made Liquor (IML) units. The 2 distilleries have a combined capacity of 75000 LPD. The distillery division is engaged in the production of Ethanol (Absolute Alcohol), Rectified Spirit, Malt Spirit, Extra Neutral Alcohol. [3]

Website BSE NSE
  • Market Cap ₹ 1,010 Cr.
  • Current Price ₹ 89.8
  • High / Low ₹ 136 / 76.8
  • Stock P/E 14.8
  • Book Value ₹ 15.2
  • Dividend Yield 0.54 %
  • ROCE 27.3 %
  • ROE 60.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 47.8%
  • Company's working capital requirements have reduced from 139 days to 57.4 days

Cons

  • Debtor days have increased from 28.5 to 38.1 days.
  • 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 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
191 235 320 222 253 299 363 335 256 594 608 188 234
194 189 296 223 246 234 335 311 253 518 503 182 254
Operating Profit -3 46 24 -1 7 64 29 24 3 75 105 6 -20
OPM % -1% 19% 7% -0% 3% 22% 8% 7% 1% 13% 17% 3% -9%
1 1 4 0 0 1 1 2 0 2 2 2 4
Interest 9 10 12 13 11 10 11 14 12 9 13 9 9
Depreciation 3 3 3 3 3 3 3 3 4 5 6 7 7
Profit before tax -14 34 12 -16 -6 53 16 9 -12 63 89 -8 -32
Tax % 4% 4% 14% -7% 7% 3% 6% 33% -10% 28% 26% -20% -2%
-14 33 10 -17 -6 51 15 6 -13 46 65 -9 -33
EPS in Rs -1.23 2.92 0.92 -1.50 -0.52 4.55 1.32 0.51 -1.20 4.05 5.80 -0.81 -2.95
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
657 718 642 652 837 585 650 750 870 956 1,137 1,794 1,624
577 650 621 631 787 521 671 700 802 888 1,038 1,586 1,458
Operating Profit 80 67 21 21 50 65 -21 50 68 68 99 208 166
OPM % 12% 9% 3% 3% 6% 11% -3% 7% 8% 7% 9% 12% 10%
2 6 10 3 9 8 3 9 3 6 2 6 10
Interest 30 29 33 15 29 30 29 38 43 43 44 48 40
Depreciation 25 25 26 15 16 15 19 15 14 12 11 18 25
Profit before tax 27 19 -28 -6 15 28 -66 5 14 19 46 148 112
Tax % 38% 10% -8% 45% 24% 7% -3% 21% 1% 8% 7% 31%
17 17 -30 -3 11 26 -68 4 14 17 43 103 68
EPS in Rs 1.52 1.55 -2.65 -0.29 1.00 2.31 -6.06 0.39 1.22 1.52 3.85 9.16 6.09
Dividend Payout % 13% 13% 0% 0% 25% 9% 0% 0% 8% 13% 6% 5%
Compounded Sales Growth
10 Years: 10%
5 Years: 23%
3 Years: 27%
TTM: 30%
Compounded Profit Growth
10 Years: 20%
5 Years: 29%
3 Years: 96%
TTM: 17%
Stock Price CAGR
10 Years: 24%
5 Years: 48%
3 Years: 83%
1 Year: 1%
Return on Equity
10 Years: 13%
5 Years: 41%
3 Years: 48%
Last Year: 61%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 90 105 75 72 80 102 34 40 52 68 109 208 160
285 357 246 190 278 364 474 554 514 610 700 400 225
278 181 278 376 390 140 341 278 252 202 341 295 232
Total Liabilities 664 654 610 649 759 617 860 883 830 892 1,162 915 628
150 172 159 170 158 164 163 152 136 127 117 222 249
CWIP 7 4 1 2 3 4 1 0 1 3 112 38 33
Investments 0 2 6 6 6 6 4 4 4 4 4 4 4
507 476 444 471 592 444 691 726 689 759 929 651 343
Total Assets 664 654 610 649 759 617 860 883 830 892 1,162 915 628

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
53 5 164 75 -38 -13 37 -46 45 -78 93 394
-10 -47 -15 -26 -4 -20 -13 -2 -1 -6 -131 -48
-39 33 -146 -60 38 44 -15 30 -37 79 39 -346
Net Cash Flow 3 -10 3 -10 -4 11 8 -19 6 -5 1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 17 7 21 12 62 7 25 14 5 19 28 38
Inventory Days 351 283 251 318 229 381 408 432 330 314 331 98
Days Payable 134 55 97 175 98 8 186 134 96 57 96 40
Cash Conversion Cycle 235 235 175 154 194 380 248 312 239 276 263 96
Working Capital Days 112 137 81 50 79 166 119 152 141 192 169 57
ROCE % 15% 11% 1% 3% 14% 14% -7% 8% 10% 10% 12% 27%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
45.23% 45.23% 45.38% 45.42% 45.42% 44.61% 44.52% 44.51% 44.35% 44.36% 44.36% 44.34%
0.00% 0.00% 0.00% 0.00% 0.03% 0.18% 0.31% 0.44% 0.91% 0.67% 2.26% 3.62%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.04% 0.04% 0.00% 0.02%
54.77% 54.77% 54.62% 54.58% 54.55% 55.21% 55.17% 55.05% 54.71% 54.94% 53.39% 52.03%
No. of Shareholders 30,35329,74834,34136,94638,40249,01549,61848,47953,96153,65553,80258,988

* 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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