Past 10 year's financial track record analysis by Moneyworks4me indicates that Mawana Sugars Ltd is a average quality company.
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.
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
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -41.1% | 51.4% | 43.6% | 3.8% | 10.2% | -8.8% | 5.4% | 7.2% | 4.6% | 5.2% | - |
| Value Creation Index ⓘ | NA | 2.7 | 2.1 | -0.7 | -0.3 | -1.6 | -0.6 | -0.5 | -0.7 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,121 | 1,188 | 1,191 | 1,344 | 1,205 | 1,407 | 1,469 | 1,478 | 1,482 | 1,355 | 1,355 |
| Sales YoY Gr. | - | 6% | 0.3% | 12.9% | -10.3% | 16.7% | 4.4% | 0.6% | 0.2% | -8.6% | - |
| Adj EPS ⓘ | -36.9 | 0.5 | 30.1 | 1.5 | 10.6 | -20.6 | 3.8 | 9.2 | 4.6 | 6.8 | 10.9 |
| YoY Gr. | - | NA | 6302.1% | -95% | 606% | -294.7% | NA | 144.8% | -50.6% | 48% | - |
| BVPS (₹) ⓘ | -78.4 | -78 | 87 | 91.2 | 102 | 81.1 | 100.2 | 105.7 | 106.7 | 114.6 | 114.6 |
| Adj Net Profit ⓘ | -144 | 1.8 | 118 | 5.9 | 41.4 | -80.7 | 14.8 | 36.1 | 17.9 | 26.4 | 43 |
| Cash Flow from Ops. ⓘ | 188 | 32.9 | 49.4 | 66.2 | -95.6 | -135 | 164 | -151 | 109 | -164 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 11.7 | 4.9 | 2.1 | -2.5 | -3.6 | 1.7 | -2.8 | 3.5 | -3.5 | - |
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% | ||||
| BVPSⓘ | NA | 2.4% | 4.6% | 7.4% | ||||
| Share Price | 22.2% | 21.6% | 22.7% | 22.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 61.6 | -0.6 | -573.6 | 1.7 | 11 | -22.5 | 4.2 | 9 | 4.3 | 6.1 | 9.5 |
| Op. Profit Mgn % ⓘ | -3.8 | 7.2 | 13.7 | 2.4 | 9.6 | 5.1 | 6.7 | 7.4 | 5.4 | 6.9 | 6.9 |
| Net Profit Mgn % ⓘ | -12.9 | 0.2 | 9.9 | 0.4 | 3.4 | -5.7 | 1 | 2.4 | 1.2 | 2 | 3.1 |
| Debt to Equity ⓘ | -1.3 | -1.3 | 0.7 | 0.4 | 0.6 | 1.5 | 0.7 | 1 | 0.9 | 1.3 | 0 |
| Working Cap Days ⓘ | 87 | 107 | 164 | 152 | 206 | 236 | 237 | 202 | 172 | 212 | 83 |
| Cash Conv. Cycle ⓘ | -39 | -70 | -55 | -8 | 31 | 21 | 34 | 61 | 114 | 162 | 13 |
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%
| 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 |
| Pledged * | 4.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,401 | 1,485 | 1,191 | 1,344 | 1,205 | 1,407 | 1,469 | 1,478 | 1,482 | 1,355 |
| Operating Expenses ⓘ | 1,453 | 1,377 | 1,028 | 1,313 | 1,090 | 1,334 | 1,371 | 1,371 | 1,401 | 1,262 |
| Manufacturing Costs | 257 | 276 | 205 | 225 | 262 | 81 | 80 | 80 | 91 | 93 |
| Material Costs | 1,066 | 967 | 714 | 969 | 675 | 920 | 1,177 | 1,176 | 1,191 | 1,047 |
| Employee Cost | 92 | 90 | 72 | 69 | 77 | 64 | 69 | 69 | 78 | 81 |
| Other Costs ⓘ | 39 | 44 | 36 | 49 | 77 | 270 | 45 | 45 | 41 | 40 |
| Operating Profit ⓘ | -53 | 107 | 163 | 32 | 115 | 72 | 98 | 108 | 80 | 94 |
| 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 ⓘ | 10 | 10 | 9 | 12 | 12 | 11 | 4 | 8 | 4 | 29 |
| Interest ⓘ | 77 | 77 | 44 | 21 | 23 | 25 | 35 | 26 | 28 | 30 |
| Depreciation ⓘ | 61 | 38 | 30 | 24 | 33 | 66 | 48 | 40 | 36 | 35 |
| Exceptional Items ⓘ | 0 | 0 | 349 | 15 | 0 | 0 | 107 | -5 | -2 | 0 |
| Profit Before Tax ⓘ | -181 | 2 | 447 | 14 | 71 | -7 | 126 | 45 | 19 | 58 |
| Tax ⓘ | 0 | 0 | 84 | -2 | 28 | 73 | 32 | 12 | 2 | 15 |
| Profit After Tax | -181 | 2 | 363 | 16 | 42 | -80 | 93 | 33 | 17 | 43 |
| PAT Margin (%) | -12.9% | 0.1% | 30.5% | 1.2% | 3.5% | -5.7% | 6.4% | 2.2% | 1.2% | 3.1% |
| Adjusted EPS (₹) | -46.2 | 0.6 | 92.8 | 4.2 | 10.9 | -20.4 | 23.9 | 8.5 | 4.4 | 10.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 35% | 68% | 37% |
| PARTICULARS | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -383 | -381 | 340 | 357 | 399 | 317 | 392 | 413 | 418 | 448 |
| Share Capital ⓘ | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves ⓘ | -423 | -420 | 301 | 317 | 360 | 278 | 353 | 374 | 378 | 409 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 287 | 292 | 141 | 97 | 176 | 359 | 246 | 385 | 351 | 563 |
| Long Term Debt | 91 | 246 | 141 | 97 | 176 | 194 | 75 | 41 | 7 | 0 |
| Short Term Debt | 196 | 47 | 0 | 0 | 0 | 165 | 171 | 344 | 344 | 563 |
| Trade Payables | 655 | 716 | 423 | 538 | 670 | 590 | 656 | 185 | 201 | 150 |
| Others Liabilities ⓘ | 378 | 429 | 121 | -44 | 22 | 146 | 64 | 62 | 62 | 36 |
| Total Liabilities ⓘ | 937 | 1,057 | 1,025 | 947 | 1,267 | 1,413 | 1,358 | 1,045 | 1,032 | 1,198 |
Fixed Assets | ||||||||||
| Gross Block | 1,070 | 1,074 | 345 | 360 | 374 | 440 | 392 | 409 | 429 | 470 |
| Accumulated Depreciation | 597 | 633 | 25 | 47 | 78 | 143 | 161 | 198 | 232 | 266 |
| Net Fixed Assetsⓘ | 474 | 441 | 321 | 313 | 296 | 298 | 231 | 211 | 197 | 204 |
| CWIP ⓘ | 1 | 3 | 4 | 8 | 8 | 1 | 13 | 3 | 16 | 1 |
| Investmentsⓘ | 29 | 33 | 34 | 42 | 68 | 78 | 81 | 84 | 84 | 85 |
| Inventories | 291 | 417 | 441 | 419 | 740 | 800 | 748 | 642 | 630 | 820 |
| Trade Receivables | 51 | 72 | 41 | 51 | 37 | 49 | 39 | 39 | 33 | 39 |
| Cash Equivalents | 41 | 43 | 60 | 68 | 47 | 62 | 99 | 45 | 39 | 25 |
| Others Assetsⓘ | 49 | 48 | 125 | 45 | 71 | 125 | 148 | 20 | 35 | 25 |
| Total Assets ⓘ | 937 | 1,057 | 1,025 | 947 | 1,267 | 1,413 | 1,358 | 1,045 | 1,032 | 1,198 |
| PARTICULARS | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 235 | 41 | 49 | 66 | -96 | -135 | 164 | -151 | 109 | -164 |
| PBT ⓘ | -181 | 2 | 447 | 14 | 71 | -7 | 102 | 45 | 19 | 58 |
| Adjustment ⓘ | 134 | 109 | -281 | 20 | 50 | 83 | -22 | 63 | 62 | 36 |
| Changes in Working Capital ⓘ | 281 | -70 | -114 | 41 | -207 | -196 | 85 | -258 | 29 | -257 |
| Tax Paid ⓘ | 0 | -1 | -3 | -9 | -10 | -15 | -1 | 0 | -2 | -1 |
| Cash Flow From Investing Activity ⓘ | -15 | -8 | 119 | 74 | -27 | -51 | 124 | -14 | -39 | 4 |
| Capex | -5 | -10 | 119 | -21 | -25 | -43 | 129 | -11 | -35 | -2 |
| Net Investments | 0 | -4 | 1 | 86 | -9 | -1 | 5 | -2 | -5 | 5 |
| Others ⓘ | -10 | 6 | -1 | 9 | 6 | -7 | -11 | -2 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | -206 | -30 | -156 | -123 | 101 | 202 | -243 | 107 | -76 | 143 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -22 | -24 | -130 | -108 | 104 | 67 | -224 | -37 | -37 | -35 |
| Interest Paid ⓘ | -8 | -3 | -25 | -15 | -4 | -28 | -23 | -17 | -27 | -29 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12 | -12 | -12 |
| Others ⓘ | -176 | -3 | -1 | 0 | 0 | 163 | 5 | 172 | -1 | 219 |
| Net Cash Flow ⓘ | 14 | 3 | 13 | 18 | -22 | 15 | 46 | -57 | -6 | -16 |
| PARTICULARS | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | 0 | 4.66 | 11.24 | -22.25 | 26.33 | 8.22 | 4.15 | 9.84 |
| ROCE (%) | N/A | N/A | 144.15 | 6.43 | 16.58 | 2.47 | 21.88 | 9.42 | 5.79 | 9.65 |
| Asset Turnover Ratio | 1.62 | 1.58 | 1.22 | 1.36 | 1.09 | 1.05 | 1.06 | 1.23 | 1.43 | 1.22 |
| PAT to CFO Conversion(x) | N/A | 20.5 | 0.13 | 4.13 | -2.29 | N/A | 1.76 | -4.58 | 6.41 | -3.81 | Working Capital Days |
| Receivable Days | 11 | 14 | 16 | 13 | 13 | 11 | 11 | 10 | 9 | 10 |
| Inventory Days | 65 | 82 | 123 | 117 | 175 | 200 | 192 | 172 | 157 | 195 |
| Payable Days | 165 | 259 | 291 | 181 | 327 | 250 | 193 | 131 | 59 | 61 |
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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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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