Vishwaraj Sugar Industries Ltd

  • Market Cap 550 Cr.
  • Current Price 147
  • High / Low 172 / 81.0
  • Stock P/E 66.4
  • Book Value 60.2
  • Dividend Yield 0.00 %
  • ROCE 8.38 %
  • ROE 3.70 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 33.44 to 25.65 days.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 32.83%
  • Company has a low return on equity of -2.49% for last 3 years.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
87.96 71.26 101.72 109.39 112.00 69.99 82.75 161.73
91.64 72.90 75.29 92.12 113.23 69.71 39.32 142.19
Operating Profit -3.68 -1.64 26.43 17.27 -1.23 0.28 43.43 19.54
OPM % -4.18% -2.30% 25.98% 15.79% -1.10% 0.40% 52.48% 12.08%
Other Income 0.05 0.07 0.02 1.27 0.02 0.01 0.04 0.55
Interest 9.57 10.11 11.35 10.71 9.35 8.57 8.63 9.10
Depreciation 3.28 3.22 3.47 3.44 3.61 3.55 3.53 3.50
Profit before tax -16.48 -14.90 11.63 4.39 -14.17 -11.83 31.31 7.49
Tax % 0.00% 0.00% 0.00% -197.27% 0.00% 0.00% 2.68% 52.47%
Net Profit -16.48 -14.89 11.63 13.05 -14.17 -11.83 30.46 3.55
EPS in Rs -4.77 -4.31 3.10 3.47 -3.77 -3.15 8.11 0.95

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
116 280 361 276 335 284 222 285 362 426
113 290 348 256 305 238 198 259 323 364
Operating Profit 3 -9 13 19 31 46 24 26 38 62
OPM % 2% -3% 4% 7% 9% 16% 11% 9% 11% 15%
Other Income 36 56 79 9 9 1 10 0 1 1
Interest 9 18 28 18 21 25 21 36 42 36
Depreciation 5 8 11 10 11 12 13 13 15 15
Profit before tax 25 21 54 0 7 10 -1 -24 -17 12
Tax % 10% 15% 20% 1,559% 37% 42% -395% 26% 52% 32%
Net Profit 23 18 43 -3 4 6 -4 -18 -8 8
EPS in Rs 661.57 527.32 12.44 -0.93 1.28 1.75 -1.24 -5.10 -2.10 2.21
Dividend Payout % 0% 0% 0% 0% 78% 0% 0% 0% 0% 45%
Compounded Sales Growth
10 Years:2%
5 Years:5%
3 Years:24%
TTM:18%
Compounded Profit Growth
10 Years:-15%
5 Years:13%
3 Years:57%
TTM:204%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:74%
Return on Equity
10 Years:%
5 Years:-1%
3 Years:-2%
Last Year:4%

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
34 34 35 35 35 35 35 35 38 38
Reserves 49 67 120 201 201 198 194 177 184 188
Borrowings 135 201 168 159 172 238 315 339 347 349
58 94 99 231 203 72 81 169 103 137
Total Liabilities 277 396 422 625 610 543 624 720 672 712
163 194 192 246 244 241 272 264 288 282
CWIP 0 0 0 5 1 38 0 11 0 0
Investments 0 0 0 0 0 0 1 1 1 1
114 202 230 374 365 264 352 443 382 429
Total Assets 277 396 422 625 610 543 624 720 672 712

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
31 55 62 -55 25 49 56
-50 -6 -45 -6 -18 -27 -9
28 -18 -55 56 -12 -16 -6
Net Cash Flow 9 31 -39 -5 -6 6 41

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
ROCE % 15% 26% 7% 8% 4% 2% 4% 8%
Debtor Days 44 20 10 16 19 57 56 49 26 26
Inventory Turnover 0.00 0.80 1.03 0.94 0.67 0.71 0.91 1.10

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
35.68 32.83 32.83 32.83 32.83 32.83 32.83 32.83
0.00 2.66 2.66 2.66 2.66 2.66 2.71 2.66
0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00
64.32 64.49 64.51 64.51 64.51 64.51 64.46 64.51

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