Vishwaraj Sugar Industries Ltd

Vishwaraj Sugar Industries Ltd

₹ 17.9 -1.21%
27 Feb 3:40 p.m.
About

Incorporated in 1995, Vishwaraj Sugar Industries Ltd does production and sale of sugar, alcoholic spirits by distillation including ethanol, blending and bottling of Indian made foreign liquor, vinegar and generation of power[1]

Key Points

Business Overview:[1]
VSIL is an integrated sugar manufacturing company operating from Belgaum District in Karnataka, which is designated as one of the High Recovery zones for sugar production by Government of India. It is also engaged in the generation of Power for captive consumption as well as external sale through its by-product bagasse

  • Market Cap 337 Cr.
  • Current Price 17.9
  • High / Low 22.3 / 13.1
  • Stock P/E
  • Book Value 14.3
  • Dividend Yield 0.55 %
  • ROCE 8.40 %
  • ROE -8.71 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 33.7%
  • Company has a low return on equity of 6.04% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
83 162 102 103 133 131 217 99 102 199 142 138 106
39 142 99 91 90 96 211 100 52 187 140 139 63
Operating Profit 43 20 3 11 44 35 5 -1 50 12 2 -1 43
OPM % 52% 12% 3% 11% 33% 27% 2% -1% 49% 6% 1% -1% 41%
0 1 0 0 1 0 1 0 1 1 1 1 1
Interest 9 9 8 8 7 9 8 6 7 6 7 7 7
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax 31 7 -8 0 34 23 -6 -11 40 3 -9 -11 33
Tax % 3% 52% 0% 0% 13% -58% 0% 33% 6% 1,661% 0% 0% 6%
30 4 -8 0 29 35 -6 -7 38 -46 -9 -11 31
EPS in Rs 1.62 0.19 -0.45 0.01 1.57 1.89 -0.33 -0.37 2.01 -2.45 -0.49 -0.60 1.66
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
116 280 361 276 335 284 222 285 362 425 467 611 585
113 290 349 256 305 238 198 259 323 363 374 545 529
Operating Profit 3 -9 12 19 31 46 24 26 38 62 93 66 56
OPM % 2% -3% 3% 7% 9% 16% 11% 9% 11% 15% 20% 11% 10%
36 56 80 9 9 1 10 0 1 0 2 3 3
Interest 9 18 28 18 21 25 21 36 42 36 32 28 28
Depreciation 5 8 11 10 11 12 13 13 15 15 16 16 15
Profit before tax 25 21 54 0 7 10 -1 -24 -17 12 47 26 16
Tax % 10% 15% 20% 1,559% 37% 42% -395% 26% 52% 32% -28% 192%
23 18 43 -3 4 6 -4 -18 -8 8 60 -23 -35
EPS in Rs 132.47 105.59 2.49 -0.19 0.26 0.35 -0.25 -1.02 -0.42 0.44 3.20 -1.25 -1.88
Dividend Payout % 0% 0% 0% 0% 78% 0% 0% 0% 0% 45% 6% -8%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 19%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -159%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -12%
1 Year: 18%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 6%
Last Year: -9%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 34 34 35 35 35 35 35 35 38 38 38 38 38
Reserves 49 67 120 201 201 198 194 177 184 188 245 218 199
135 201 168 159 172 238 315 339 347 376 370 356 244
58 94 99 231 203 72 81 169 103 110 117 115 78
Total Liabilities 277 396 422 625 610 543 624 720 672 712 770 726 559
163 194 192 246 244 241 272 264 288 282 300 298 292
CWIP 0 0 0 5 1 38 0 11 0 0 0 4 44
Investments 0 0 0 0 0 0 1 1 1 1 1 1 1
114 202 230 374 365 264 352 443 382 429 469 423 221
Total Assets 277 396 422 625 610 543 624 720 672 712 770 726 559

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 55 62 -55 25 49 56 35 52
-50 -6 -45 -6 -18 -27 -9 -33 -18
28 -18 -55 56 -12 -16 -6 -38 -44
Net Cash Flow 9 31 -39 -5 -6 6 41 -36 -11

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 44 20 10 16 19 57 56 49 26 26 25 26
Inventory Days 333 448 337 348 689 580 387 339 429 242
Days Payable 7 5 6 27 71 202 83 79 110 49
Cash Conversion Cycle 44 20 336 458 351 377 674 428 330 286 344 219
Working Capital Days 404 344 130 195 233 228 435 333 255 232 252 203
ROCE % 15% 26% 7% 8% 4% 2% 4% 8% 13% 8%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
32.83% 32.83% 32.83% 31.92% 33.69% 33.69% 33.70% 33.70% 33.70% 33.70% 33.70% 33.70%
2.71% 2.66% 2.66% 2.66% 1.20% 0.46% 0.25% 0.08% 0.01% 0.09% 0.23% 0.00%
0.00% 0.00% 0.96% 0.96% 0.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
64.46% 64.51% 63.55% 64.46% 64.71% 65.85% 66.06% 66.23% 66.29% 66.22% 66.07% 66.31%
No. of Shareholders 11,62814,92717,77735,5061,51,4531,49,9291,46,8561,45,7031,41,5771,38,8301,59,3101,60,032

* 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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