Indian Sucrose Ltd - Stock Valuation and Financial Performance

BSE: 500319 | NSE: OSWALSUG | Sugar | Small Cap

Indian Sucrose Share Price

88.13 0.32 0.36%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Indian Sucrose

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Indian Sucrose stock performance -

mw4me loader
P/E Ratio (SA):
6.39
Market Cap:
153.1 Cr.
52-wk low:
56
52-wk high:
121.6

Is Indian Sucrose Ltd an attractive stock to invest in?

1. Is Indian Sucrose Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Sucrose Ltd is a average quality company.

2. Is Indian Sucrose Ltd undervalued or overvalued?

The key valuation ratios of Indian Sucrose Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Indian Sucrose Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indian Sucrose Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indian Sucrose:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indian Sucrose Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.2%0.8%7.2%14.2%7.4%6.6%11.7%12.6%15.6%12.9%-
Value Creation
Index
-0.8-0.9-0.50.0-0.5-0.5-0.2-0.10.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 223212283386419363532431443452457
Sales YoY Gr.--4.9%33.5%36.4%8.6%-13.4%46.6%-19.1%2.8%2%-
Adj EPS 0.6-6.13.919.392.87.914.521.917.313.8
YoY Gr.--1207.3%NA398.7%-53.2%-68.8%181.6%82.1%51.2%-21%-
BVPS (₹) 63.128.732.656.158.755.657.871.988.9104.6105
Adj Net
Profit
0.9-9.4629.8144.412.322.437.33024
Cash Flow from Ops. -1708.128.5-3387.134.9155-52.686.647.3-
Debt/CF from Ops. -2.323.47.9-7.22.65.21-3.92.14.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.2%1.5%-5.3%2%
Adj EPS 46.7%13.9%29.6%-21%
BVPS5.8%12.2%21.9%17.7%
Share Price 36.6% 38.5% 56.9% 37.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.8-17.61141.415.8514.122.428.41813.2
Op. Profit
Mgn %
10.96.711.916.88.57.39.512.213.314.412
Net Profit
Mgn %
0.4-4.42.17.73.31.22.35.28.46.75.2
Debt to
Equity
3.63.73.92.72.52.11.71.81.21.2-
Working Cap
Days
531351251217238302213252245257103
Cash Conv.
Cycle
3261951571551321153669941039

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 29.59%

Return on Equity has declined versus last 3 years average to 13.20%

Sales growth has been subdued in last 3 years -5.30%

Debt to equity has increased versus last 3 years average to 1.23

Sales growth is not so good in last 4 quarters at 1.54%

Latest Financials - Indian Sucrose Ltd.

Standalone Consolidated
TTM EPS (₹) 13.8 -
TTM Sales (₹ Cr.) 457 -
BVPS (₹.) 105 -
Reserves (₹ Cr.) 165 -
P/BV 0.84 -
PE 6.39 -
From the Market
52 Week Low / High (₹) 56.00 / 121.63
All Time Low / High (₹) 2.70 / 121.63
Market Cap (₹ Cr.) 153
Equity (₹ Cr.) 17.4
Face Value (₹) 10
Industry PE 16.1

Management X-Ray of Indian Sucrose:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *10.609.058.798.798.798.798.798.794.778.79
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indian Sucrose

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales111212283386419363532431443452
Operating Expenses 99198249321383336481378384387
Manufacturing Costs12141415202327263142
Material Costs80173225295348271410336314323
Employee Cost 476891011111214
Other Costs 3443632346279
Operating Profit 12143465362751535965
Operating Profit Margin (%) 10.8%6.7%11.9%16.8%8.5%7.3%9.5%12.2%13.3%14.3%
Other Income 011661124711
Interest 9161819142125181925
Depreciation 3887788878
Exceptional Items 0000-800000
Profit Before Tax 1-984513819314042
Tax 002155478312
Profit After Tax 0-96308412223730
PAT Margin (%) 0.3%-4.1%2.1%7.7%2.0%1.2%2.3%5.2%8.4%6.6%
Adjusted EPS (₹)0.2-5.73.919.45.42.88.014.521.917.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 56515787918689111152182
Share Capital 22222215151515151717
Reserves 3329357175707495134164
Minority Interest0000000000
Debt18318020022721618091197164211
Long Term Debt31274728313260615342
Short Term Debt15215315319918514830137112168
Trade Payables3551231371183174125129132
Others Liabilities 652952614330100586257
Total Liabilities 338311331387421479454491507581

Fixed Assets

Gross Block154155158160197206212215220332
Accumulated Depreciation717280869097106113120128
Net Fixed Assets83837774107108106102100204
CWIP 000021253560911
Investments 17228832110
Inventories148154164193174241215191190215
Trade Receivables1871416223850747354
Cash Equivalents 20224921141417272032
Others Assets53452475765028363174
Total Assets 338311331387421479454491507581

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -85829-338735155-538747
PBT 1-984513812224042
Adjustment 12242627262633291923
Changes in Working Capital -98-7-2-94551110-104382
Tax Paid 00-3-10-7000-11-20
Cash Flow From Investing Activity -4-3-2-9-70-10-35-40-36-54
Capex -4-4-3-4-70-13-31-37-37-22
Net Investments 000002-4000
Others 000-5010-31-32
Cash Flow From Financing Activity 101-3118-24-24-12188-3918
Net Proceeds from Shares 0000000041
Net Proceeds from Borrowing 000-13-4-10001-14
Interest Paid -9-16-18-19-14-21-21-18-19-25
Dividend Paid 0000000000
Others 110132039-1400106-2556
Net Cash Flow 12128-23-70-1-41211
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.67-18.8512.6243.669.444.9514.0522.3828.4118.01
ROCE (%)4.572.9410.0121.068.5310.0817.3417.4818.3618.23
Asset Turnover Ratio0.410.680.921.141.050.811.140.910.890.83
PAT to CFO Conversion(x)N/AN/A4.83-1.110.888.7512.92-2.412.351.57
Working Capital Days
Receivable Days36201313163030526152
Inventory Days327250196160157208156172157163
Payable Days8591602244171159162147147

Indian Sucrose Ltd Stock News

Indian Sucrose Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indian Sucrose on 12-Apr-2024 16:59 is ₹88.13.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Indian Sucrose stood at ₹153.1.
The latest P/E ratio of Indian Sucrose as of 12-Apr-2024 16:59 is 6.39.
The latest P/B ratio of Indian Sucrose as of 12-Apr-2024 16:59 is 0.84.
The 52-week high of Indian Sucrose is ₹121.6 and the 52-week low is ₹56.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Sucrose is ₹457.0 ( Cr.) .

About Indian Sucrose Ltd

Indian Sucrose was incorporated as a public company on December 12, 1990. It was promoted jointly by Punjab Agro Industries Corporation (PAIC) and Mukerian Papers. The company manufactures white crystal sugar in India. In 2005, Indian Sucrose acquired Cosmos Industries, Dhuri. The company’s plant and registered office are located at Mukeriari, Punjab and D. P. Singh is its chairman.

Indian Sucrose`s carbon credit project has successfully been registered with UNFCCC (United Nations Framework Convention on Climate Change) on March 16, 2007. With this, the company entered into the list of few successfully registered CDM projects in India and now is eligible to accrue and sell the carbon credits.

The securities of the company have been delisted from the Bangalore Stock Exchange with effect from July 09, 2007.

Business areas of the company:

The company’s principal activity is to manufacture and exports White Crystal Sugar and its allied by product Mollases, Bagasse, Alcohol and other Chemicals extracted from Sugar, also Manures, Breweries, Distilleries and manufacturers of all kinds of Preserved food, Sauces, Jams, Alcoholic and Non Alcoholic Drinks and Pharmaceuticals, Sugar Cane, Sugar Beet and other Agricultural Products.

Milestones:

  • 1990 -The company was incorporated as a public limited Company on 12th December, and the Certificate of Commencement of business was obtained on 18th December.  It was originally promoted jointly by Punjab Aro Industries Corporation (PAIC) and Mukerian Papers. Subsequently Mukerian Papers its nominee Companies including Malwa Cotton Spinning Mills and Punjab Woolcomber took over the Control of the Company. 
  • 1992 - The Company had set up a plant for the manufacture of white crystal sugar with an installed capacity of 2500 TCD, expandable upto 3500 TCD at Punjab.  The plant had also certain additional facilities like co-generation of power to the extent of 6.6 M.W. Commercial production was commenced from 1st November. 
  • 1993 - Sales amounted to Rs 37.40 crores.  The production of sugar was 22,282 tonnes at an average recovery of 8.89%. 
  • 1994 - Sales decreased to Rs 29.56 crores due to low capacity utilisation on account of less availability of sugarcane and market depression due to large scale import of sugar. Production during the year amounted to 23,640 tonnes at an average recovery of 8.96%. The Company proposed to increase the sugar plant capacity to3,500 TCD by modification in the existing plant and was also planning for forward integration by setting up a plant for manufacturing of Ethyl Alcohol from Molasses. 
  • 1995 -Sales increased to Rs 39.57 crores.  Production amounted to 36,805 tonnes in 146 crushing days.  The overall performance of the Company was severely affected due to increase in input cost and decrease in selling price of finished products. 
  • 1996 -The company produced 49,998 tonnes of sugar in 209 crushing days. 
  • 2005- Delist securities from the Ahmedabad Stock Exchange (ASE) with effect from July 11, 2005.Indian Sucrose acquires Cosmos Industries Ltd, Dhuri
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