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

₹ 80.0 1.14%
25 Apr 4:01 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 ₹ 897 Cr.
  • Current Price ₹ 80.0
  • High / Low ₹ 136 / 64.0
  • Stock P/E 13.1
  • Book Value ₹ 15.4
  • Dividend Yield 0.63 %
  • ROCE 27.3 %
  • ROE 60.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 47.4%
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
750 870 956 1,137 1,794 1,624
700 802 888 1,038 1,586 1,458
Operating Profit 50 68 68 99 208 166
OPM % 7% 8% 7% 9% 12% 10%
9 3 6 2 6 10
Interest 38 43 43 44 48 40
Depreciation 15 14 12 11 18 25
Profit before tax 5 14 19 46 148 112
Tax % 21% 1% 8% 7% 31%
4 14 17 43 103 68
EPS in Rs 0.39 1.22 1.52 3.85 9.16 6.09
Dividend Payout % -0% 8% 13% 6% 5%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 27%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 96%
TTM: 17%
Stock Price CAGR
10 Years: 22%
5 Years: 41%
3 Years: 65%
1 Year: -25%
Return on Equity
10 Years: %
5 Years: %
3 Years: 47%
Last Year: 60%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 11 11 11
Reserves 40 54 69 111 210 161
409 514 610 700 400 225
423 252 203 342 296 232
Total Liabilities 883 831 893 1,164 916 630
152 137 128 119 224 250
CWIP 0 1 3 112 38 33
Investments 4 4 4 4 4 4
726 689 759 929 651 343
Total Assets 883 831 893 1,164 916 630

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
45 -78 93 394
-1 -6 -131 -48
-37 79 39 -346
Net Cash Flow 7 -5 1 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 14 5 19 29 38
Inventory Days 407 330 314 331 98
Days Payable 128 96 57 96 40
Cash Conversion Cycle 293 239 276 263 96
Working Capital Days 154 141 192 169 57
ROCE % 10% 12% 27%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.38% 45.42% 45.42% 44.61% 44.52% 44.51% 44.35% 44.36% 44.36% 44.34% 44.34% 44.45%
0.00% 0.00% 0.03% 0.18% 0.31% 0.44% 0.91% 0.67% 2.26% 3.62% 2.57% 2.05%
0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.04% 0.04% 0.00% 0.02% 0.00% 0.00%
54.62% 54.58% 54.55% 55.21% 55.17% 55.05% 54.71% 54.94% 53.39% 52.03% 53.08% 53.50%
No. of Shareholders 34,34136,94638,40249,01549,61848,47953,96153,65553,80258,98863,47166,327

* 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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