Upsurge Seeds of Agriculture Ltd
Incorporated in 2017, Upsurge Seeds of Agriculture Ltd is enagaged in agricultural activites of production of seeds on lease
hold land[1]
- Market Cap ₹ 212 Cr.
- Current Price ₹ 300
- High / Low ₹ 614 / 270
- Stock P/E 29.0
- Book Value ₹ 58.7
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 19.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Debtor days have increased from 24.4 to 41.5 days.
- Working capital days have increased from 138 days to 310 days
* 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: Miscellaneous Industry: Miscellaneous
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|
| 8 | 18 | 63 | 76 | 83 | 126 | |
| 7 | 17 | 61 | 70 | 75 | 114 | |
| Operating Profit | 0 | 1 | 2 | 6 | 8 | 12 |
| OPM % | 5% | 4% | 3% | 7% | 10% | 9% |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 2 | 3 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 4 | 5 | 8 |
| Tax % | 25% | 24% | 21% | 7% | 8% | |
| 0 | 0 | 1 | 4 | 5 | 7 | |
| EPS in Rs | 4.40 | 4.40 | 4.31 | 7.68 | 6.74 | 10.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 68% |
| TTM: | 75% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 179% |
| TTM: | 83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 2 | 5 | 7 | 7 |
| Reserves | 0 | 0 | 1 | 6 | 32 | 34 |
| 2 | 4 | 5 | 15 | 49 | 13 | |
| 0 | 3 | 10 | 15 | 15 | 16 | |
| Total Liabilities | 3 | 8 | 18 | 41 | 102 | 70 |
| 1 | 2 | 5 | 6 | 11 | 16 | |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 5 | 13 | 34 | 91 | 54 | |
| Total Assets | 3 | 8 | 18 | 41 | 102 | 70 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 0 | 2 | -13 | -43 | ||
| -3 | -2 | -2 | -6 | ||
| 2 | 1 | 14 | 55 | ||
| Net Cash Flow | 0 | 1 | -1 | 6 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 40 | 48 | 17 | 15 | 41 |
| Inventory Days | 29 | 41 | 28 | 189 | 506 |
| Days Payable | 7 | 65 | 13 | 82 | 80 |
| Cash Conversion Cycle | 62 | 24 | 31 | 121 | 468 |
| Working Capital Days | 59 | 30 | 9 | 95 | 310 |
| ROCE % | 14% | 20% | 29% | 13% |
Business Overview:[1][2]
USAL is an ISO 9001:2015 manufacturer, importer, exporter and supplier of Agriculture Seeds and develops 75 varieties of Crops.
It sells its seeds under the brand name USA seeds. Company is having Seed license from Gujarat, Maharashtra and Rajasthan