Kothari Sugars And Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: KOTARISUG | Sugar | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Kothari Sugars &Chem

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

1. Quality

2. Valuation

Undervalued

3. Price Trend

Kothari Sugars And Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
9.12
Market Cap:
433.5 Cr.
52-wk low:
0
52-wk high:
0

Is Kothari Sugars And Chemicals Ltd an attractive stock to invest in?

1. Is Kothari Sugars And Chemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kothari Sugars And Chemicals Ltd is a average quality company.

2. Is Kothari Sugars And Chemicals Ltd undervalued or overvalued?

The key valuation ratios of Kothari Sugars And Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Kothari Sugars And Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kothari Sugars And Chemicals 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 Kothari Sugars &Chem:

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.
Kothari Sugars And Chemicals 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 % 3.4%-0.6%2%6.8%4.2%4.3%7.3%7.8%14.4%14%-
Value Creation
Index
-0.8-1.0-0.9-0.5-0.7-0.7-0.5-0.40.00-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 323340247317287332353419423610616
Sales YoY Gr.-5.1%-27.5%28.5%-9.4%15.8%6.2%18.9%1%44%-
Adj EPS 0.3-0.60.11.70.80.81.71.844.55.7
YoY Gr.--290.9%NA1744.4%-51.8%-3.8%120.8%5.9%120.6%13.4%-
BVPS (₹) 14.614.114.215.916.818.420.122.526.531.134
Adj Net
Profit
2.7-5.20.813.86.66.414.114.932.937.348
Cash Flow from Ops. 64.3-12.825.324.636.725.927.181.6-2.745.1-
Debt/CF from Ops. 2.1-12.76.95.93.34.53.10.4-20.90.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.3%16.3%20%44%
Adj EPS 33.7%41.3%38.3%13.4%
BVPS8.7%13.1%15.6%17.1%
Share Price - 39.8% 27% 59.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.1-4.20.6114.94.48.88.516.215.617.7
Op. Profit
Mgn %
6.62.87.311.59.7987.811.710.211.4
Net Profit
Mgn %
0.8-1.50.34.32.31.943.67.86.17.7
Debt to
Equity
1.11.31.51.10.90.80.50.20.30.2-
Working Cap
Days
15413918716920317717512612411073
Cash Conv.
Cycle
867212210898746729424039

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.70%

Sales growth is growing at healthy rate in last 3 years 20.02%

Net Profit is growing at healthy rate in last 3 years 38.33%

Sales growth is good in last 4 quarters at 10.24%

No data to display

Latest Financials - Kothari Sugars And Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 5.7 0.3
TTM Sales (₹ Cr.) 616 287
BVPS (₹.) 34 16.9
Reserves (₹ Cr.) 199 57
P/BV 1.54 3.10
PE 9.12 189.23
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 434
Equity (₹ Cr.) 82.9
Face Value (₹) 10
Industry PE 14.5

Management X-Ray of Kothari Sugars &Chem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kothari Sugars &Chem

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
Sales323340247317287332353419423610
Operating Expenses 302331229280259302325387374549
Manufacturing Costs20322326222831333746
Material Costs246260176221205231250309280423
Employee Cost 17171618182022252429
Other Costs 19211416142221193251
Operating Profit 2191836283028335061
Operating Profit Margin (%) 6.6%2.8%7.2%11.5%9.7%9.0%8.0%7.8%11.7%9.9%
Other Income 911755174579
Interest 10578677544
Depreciation 16161515141313141414
Exceptional Items 000-6-10-56514
Profit Before Tax 5031332319233955
Tax 242221004513
Profit After Tax 3-511001319193442
PAT Margin (%) 0.9%-1.3%0.5%3.3%0.2%3.8%5.5%4.5%8.0%6.9%
Adjusted EPS (₹)0.3-0.60.11.30.11.52.32.34.15.1
Dividend Payout Ratio (%)149%0%0%40%0%33%0%0%0%20%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 128121119132139152166186220258
Share Capital 90878483838383838383
Reserves 38343549566984103137175
Minority Interest0000000000
Debt11914913811310310978294937
Long Term Debt115107925436305700
Short Term Debt4424559678073214937
Trade Payables49323054758177817785
Others Liabilities 91568281524852444852
Total Liabilities 386358368380370391373340394432

Fixed Assets

Gross Block395401401205206207224228233246
Accumulated Depreciation17619220615284153678195
Net Fixed Assets219209195190177166171161152151
CWIP 5000010019
Investments 16181821344931597172
Inventories1029911614412813812485128136
Trade Receivables138914181727212528
Cash Equivalents 29173381000
Others Assets2814139101119131836
Total Assets 386358368380370391373340394432

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 64-13252537262782-345
PBT 5031332319233955
Adjustment 21141719171219151411
Changes in Working Capital 39-256-520-4-747-49-13
Tax Paid -1-10-2-3-5-4-4-7-8
Cash Flow From Investing Activity -1814-100-113-29-13-19
Capex 000-11-1-4-17-400
Net Investments -7-2000-919-25-102
Others -113411210-3-21
Cash Flow From Financing Activity -5718-22-28-36-10-30-1-11-15
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -26521-34-33-17-194-7-7
Interest Paid -9-5-7-7-5-6-6-5-4-4
Dividend Paid 0-400-40-400-4
Others -2121-3613713-1000
Net Cash Flow -1068-1415051-2711
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.28-3.8218.390.358.7212.1910.7816.7517.56
ROCE (%)5.041.733.417.233.4111.3310.0612.0917.4520.57
Asset Turnover Ratio0.860.930.70.880.770.870.921.181.151.48
PAT to CFO Conversion(x)21.33N/A252.5INF21.424.32-0.091.07
Working Capital Days
Receivable Days17111313201923212016
Inventory Days110106155144171146136919279
Payable Days515764691161241159310370

Kothari Sugars And Chemicals Ltd Stock News

Kothari Sugars And Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kothari Sugars &Chem on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Kothari Sugars &Chem stood at ₹433.5.
The latest P/E ratio of Kothari Sugars &Chem as of 01-Jan-1970 05:30 is 9.12.
The latest P/B ratio of Kothari Sugars &Chem as of 01-Jan-1970 05:30 is 1.54.
The 52-week high of Kothari Sugars &Chem is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kothari Sugars &Chem is ₹615.9 ( Cr.) .

About Kothari Sugars And Chemicals Ltd

Kothari Sugars and Chemicals, incorporated in 1960, is engaged in manufacturing of sugar, industrial alcohol and bio-compost.

Being the flagship company of HC Kothari Group, the company started with initial production of 1250 TCD.  Besides manufacturing of sugar, HC Kothari Group is engaged in business of petrochemicals and safe deposits.

Currently, the company runs three manufacturing facilities located at Tamil Nadu and Karnataka. The company’s manufacturing units have received ISO 9001-2000 and ISO 14001-2004 for quality management system and environmental management system respectively.

The company exports sugar to countries namely Sri Lanka, Indonesia and UAE. Kothari International Trading is a subsidiary of the company.

The company supplies rectified spirit and extra neutral alcohol to major liquor manufacturing/bottling plants. Kothari Sugars also supplies ethanol to major oil companies.

Manufacturing facilities

Kattur Unit- This unit is located in Tamil Nadu and is one of the earliest sugar factories to be set up. Its initial crushing capacity was 1250 TCD, which was later increased to 1500 TCD. Currently its crushing capacity is 2900 TCD. The company has also set up 11 MW captive power plant. It distillery plant has production capacity of 60 KLPD. This plant also manufactures bio-compost.

Sathamangalam Unit- This plant was set up in 2007 and is located in the state of Tamil Nadu. The crushing capacity of the sugar plant is 3000TCD.

Pandavapura Unit- This plant, located in Karnataka, is set up on leased land from Pandavapura Sahakare Sakkare Karkhane.

Together, all three manufacturing plants have a crushing capacity of 10000 TCD.

Green-belt development programme

The company has started green-belt program as a part of its corporate social responsibility initiative that aims at plantation of various types of trees. Till date under this program it has planted over 25000 tress of various varieties such as Teak, Eucalyptus, Aachan, Pungan, Thadasu, Poovarasu, Neer Maruthu, Punnai, Delonix, Mahagani, Cassia, Neem, Rain Tree, Ashoka (Nettilingam), Vaagai, Uthiyan, Maramalli, Nuna, Sivagundalam, Eluppai, Bhauhinia, Arasu, and Vadhanaran among others.

Outlook

Kothari Sugars plans to expand the capacity of its Sathamangalam unit to 5000TCD and will also set up a 22 MW of captive power plant in future.

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