Mawana Sugars Ltd - Stock Valuation and Financial Performance

BSE: 523371 | NSE: MAWANASUG | Sugar | Small Cap

Mawana Sugars Share Price

119.20 -1.55 -1.28%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on Mawana Sugars

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Mawana Sugars stock performance -

mw4me loader
P/E Ratio (SA):
10.96
Market Cap:
466.9 Cr.
52-wk low:
83
52-wk high:
124.5

Is Mawana Sugars Ltd an attractive stock to invest in?

1. Is Mawana Sugars Ltd a good quality company?

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

2. Is Mawana Sugars Ltd undervalued or overvalued?

The key valuation ratios of Mawana Sugars Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Mawana Sugars Ltd a good buy now?

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

10 Year X-Ray of Mawana Sugars:

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.
Mawana Sugars 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

Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -41.1%51.4%43.6%3.8%10.2%-8.8%5.4%7.2%4.6%5.2%-
Value Creation
Index
NA2.72.1-0.7-0.3-1.6-0.6-0.5-0.7-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1211,1881,1911,3441,2051,4071,4691,4781,4821,3551,355
Sales YoY Gr.-6%0.3%12.9%-10.3%16.7%4.4%0.6%0.2%-8.6%-
Adj EPS -36.90.530.11.510.6-20.63.89.24.66.810.9
YoY Gr.-NA6302.1%-95%606%-294.7%NA144.8%-50.6%48%-
BVPS (₹) -78.4-788791.210281.1100.2105.7106.7114.6114.6
Adj Net
Profit
-1441.81185.941.4-80.714.836.117.926.443
Cash Flow from Ops. 18832.949.466.2-95.6-135164-151109-164-
Debt/CF from Ops. 2.111.74.92.1-2.5-3.61.7-2.83.5-3.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.1%2.4%-2.7%-8.6%
Adj EPS NA-8.6%21.4%48%
BVPSNA2.4%4.6%7.4%
Share Price 22.2% 21.6% 22.7% 22.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
61.6-0.6-573.61.711-22.54.294.36.19.5
Op. Profit
Mgn %
-3.87.213.72.49.65.16.77.45.46.96.9
Net Profit
Mgn %
-12.90.29.90.43.4-5.712.41.223.1
Debt to
Equity
-1.3-1.30.70.40.61.50.710.91.30
Working Cap
Days
8710716415220623623720217221283
Cash Conv.
Cycle
-39-70-55-83121346111416213

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.50%

Net Profit is growing at healthy rate in last 3 years 21.43%

Sales growth has been subdued in last 3 years -2.65%

Debt to equity has increased versus last 3 years average to 1.27

Sales growth is not so good in last 4 quarters at -5.75%

Latest Financials - Mawana Sugars Ltd.

Standalone Consolidated
TTM EPS (₹) 10.9 9.6
TTM Sales (₹ Cr.) 1,355 1,355
BVPS (₹.) 114.6 104.9
Reserves (₹ Cr.) 409 371
P/BV 1.04 1.14
PE 10.96 12.40
From the Market
52 Week Low / High (₹) 82.95 / 124.45
All Time Low / High (₹) 1.70 / 232.00
Market Cap (₹ Cr.) 467
Equity (₹ Cr.) 39.1
Face Value (₹) 10
Industry PE 21.8

Management X-Ray of Mawana Sugars:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.030.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mawana Sugars

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,4011,4851,1911,3441,2051,4071,4691,4781,4821,355
Operating Expenses 1,4531,3771,0281,3131,0901,3341,3711,3711,4011,262
Manufacturing Costs2572762052252628180809193
Material Costs1,0669677149696759201,1771,1761,1911,047
Employee Cost 92907269776469697881
Other Costs 394436497727045454140
Operating Profit -531071633211572981088094
Operating Profit Margin (%) -3.8%7.2%13.7%2.4%9.6%5.1%6.6%7.3%5.4%6.9%
Other Income 1010912121148429
Interest 77774421232535262830
Depreciation 61383024336648403635
Exceptional Items 003491500107-5-20
Profit Before Tax -18124471471-7126451958
Tax 0084-228733212215
Profit After Tax -18123631642-8093331743
PAT Margin (%) -12.9%0.1%30.5%1.2%3.5%-5.7%6.4%2.2%1.2%3.1%
Adjusted EPS (₹)-46.20.692.84.210.9-20.423.98.54.410.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%35%68%37%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -383-381340357399317392413418448
Share Capital 39393939393939393939
Reserves -423-420301317360278353374378409
Minority Interest0000000000
Debt28729214197176359246385351563
Long Term Debt9124614197176194754170
Short Term Debt19647000165171344344563
Trade Payables655716423538670590656185201150
Others Liabilities 378429121-442214664626236
Total Liabilities 9371,0571,0259471,2671,4131,3581,0451,0321,198

Fixed Assets

Gross Block1,0701,074345360374440392409429470
Accumulated Depreciation597633254778143161198232266
Net Fixed Assets474441321313296298231211197204
CWIP 134881133161
Investments 29333442687881848485
Inventories291417441419740800748642630820
Trade Receivables51724151374939393339
Cash Equivalents 41436068476299453925
Others Assets49481254571125148203525
Total Assets 9371,0571,0259471,2671,4131,3581,0451,0321,198

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 235414966-96-135164-151109-164
PBT -18124471471-7102451958
Adjustment 134109-281205083-22636236
Changes in Working Capital 281-70-11441-207-19685-25829-257
Tax Paid 0-1-3-9-10-15-10-2-1
Cash Flow From Investing Activity -15-811974-27-51124-14-394
Capex -5-10119-21-25-43129-11-35-2
Net Investments 0-4186-9-15-2-55
Others -106-196-7-11-211
Cash Flow From Financing Activity -206-30-156-123101202-243107-76143
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -22-24-130-10810467-224-37-37-35
Interest Paid -8-3-25-15-4-28-23-17-27-29
Dividend Paid 0000000-12-12-12
Others -176-3-1001635172-1219
Net Cash Flow 1431318-221546-57-6-16
PARTICULARSDec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/A04.6611.24-22.2526.338.224.159.84
ROCE (%)N/AN/A144.156.4316.582.4721.889.425.799.65
Asset Turnover Ratio1.621.581.221.361.091.051.061.231.431.22
PAT to CFO Conversion(x)N/A20.50.134.13-2.29N/A1.76-4.586.41-3.81
Working Capital Days
Receivable Days1114161313111110910
Inventory Days6582123117175200192172157195
Payable Days1652592911813272501931315961

Mawana Sugars Ltd Stock News

Mawana Sugars Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mawana Sugars on 14-Jun-2024 16:01 is ₹119.2.
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 14-Jun-2024 16:01 the market cap of Mawana Sugars stood at ₹466.9.
The latest P/E ratio of Mawana Sugars as of 14-Jun-2024 16:01 is 10.96.
The latest P/B ratio of Mawana Sugars as of 14-Jun-2024 16:01 is 1.04.
The 52-week high of Mawana Sugars is ₹124.5 and the 52-week low is ₹82.95.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mawana Sugars is ₹1,355 ( Cr.) .

About Mawana Sugars Ltd

Incorporated on December 26, 2002 under the Companies Act, 1956 as Siel Sugar Limited and then renamed as Mawana Sugars Limited with effect from June 16, 2004. The Sugar business of Siel Limited vested with the company retrospectively with effect from October1, 2002 pursuant to the Scheme of Arrangement approved by High Court of Delhi vide Order dated August 26, 2003

Mawana Sugars Limited formerly known as Siel Limited promoted by well known group Shriram emerged as an independent entity in 1989 out of the restructuring of the erstwhile DCM Group.

Shriram Industrial Enterprises Ltd. (Siel Ltd.) formerly known as Shriram Refrigeration Industries Ltd. was incorporated on 27th March, 1961. As per the Scheme of Amalgamation approved by Hon’ble High Court of Delhi vide its Order dated 10th April, 1992, with transfer date being 1st April, 1990, Shriram Industrial Enterprises Ltd. had taken over the business of some of the units of erstwhile DCM Ltd. Shriram Industrial Enterprises Ltd. was then engaged in the manufacture and sale of Vanaspati, Refined Oil, Sugar, Caustic Soda, Soap, Hermatic Compressors, Water Coolers, etc. Pursuant to the Hon’ble Supreme Court Order in November, 1996 for relocation of plants from Delhi, Siel’s financial problem started and incurred heavy losses which resulted into large debt burden. This forced the company to restructure its business.

The company has at present two sugar divisions / units / undertakings viz. at Mawana Sugar Works (MSW) at Mawana, Distt. Meerut and Titawi Sugar Complex (TSC) at Titawi, Distt. Muzaffarnagar, both in Uttar Pradesh. Both the units are engaged in the business of manufacture and sale of sugar.

Product range of the company includes:

Mawana Sugars has been engaged in the business of manufacture and selling of chemicals ,sugar and edible oils.

Subsidiary:

Siel Industrial Estate Limited was incorporated for the setting of an Industrial Estate in district Rajpura, Punjab pursuant to a Memorandum of Understanding entered into between Mawana Sugars (Formerly known as Siel Limited) and the State Government of Punjab. Siel Industrial Estate Limited acquired 540 acres of land out of which 118.3 acres have been sold to various parties including Mawana Sugars for setting up of its Chemical Plant. 

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