Uttam Sugar Mills Ltd - Stock Valuation and Financial Performance

BSE: 532729 | NSE: UTTAMSUGAR | Sugar | Small Cap

Uttam Sugar Mills Share Price

311.90 -4.30 -1.36%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Uttam Sugar Mills

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Uttam Sugar Mills stock performance -

mw4me loader
P/E Ratio (SA):
7.43
Market Cap:
1,189.5 Cr.
52-wk low:
219.1
52-wk high:
535.2

Is Uttam Sugar Mills Ltd an attractive stock to invest in?

1. Is Uttam Sugar Mills Ltd a good quality company?

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

2. Is Uttam Sugar Mills Ltd undervalued or overvalued?

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

3. Is Uttam Sugar Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Uttam Sugar Mills 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 Uttam Sugar Mills:

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.
Uttam Sugar Mills 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

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.6%-4.4%6.9%20.2%7.8%12%10.3%10.7%16.4%14.1%-
Value Creation
Index
-0.9NA-0.50.4-0.4-0.1-0.3-0.20.20.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6977601,0801,0851,2431,2281,6451,8192,0342,0592,109
Sales YoY Gr.-8.9%42.2%0.5%14.6%-1.2%33.9%10.6%11.9%1.2%-
Adj EPS -11.6-235.428.83.915.213.315.834.832.442
YoY Gr.-NANA431.8%-86.4%287.5%-12.4%19%119.4%-6.9%-
BVPS (₹) 3.7-18.5-19.341.646.161.474.888.6121.3151.1172.2
Adj Net
Profit
-44.2-87.520.611014.957.950.860.4133123160
Cash Flow from Ops. 86.51331654.650.714314.5179320158-
Debt/CF from Ops. 6.955156.315.25.155.74.623.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.8%10.6%7.8%1.2%
Adj EPS NA52.6%34.5%-6.9%
BVPS51.1%26.8%26.4%24.6%
Share Price 37% 18.7% 51.2% 37.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-47.8-101.41785.28.928.219.619.433.123.826
Op. Profit
Mgn %
5.4-1.910209.41411.11213.311.914
Net Profit
Mgn %
-6.3-11.51.910.11.24.73.13.36.567.6
Debt to
Equity
8.3626.537.64.54.43.12.82.41.41-
Working Cap
Days
25326822618521528024322017716455
Cash Conv.
Cycle
109760781121287687811003

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.00%

Net Profit is growing at healthy rate in last 3 years 34.49%

Debt to equity has declined versus last 3 years average to 1.03

Sales growth has been subdued in last 3 years 7.77%

Sales growth is not so good in last 4 quarters at 6.56%

Latest Financials - Uttam Sugar Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 42 -
TTM Sales (₹ Cr.) 2,109 -
BVPS (₹.) 172.2 -
Reserves (₹ Cr.) 619 -
P/BV 1.81 -
PE 7.43 -
From the Market
52 Week Low / High (₹) 219.10 / 535.20
All Time Low / High (₹) 9.14 / 535.20
Market Cap (₹ Cr.) 1,190
Equity (₹ Cr.) 38.1
Face Value (₹) 10
Industry PE 14.5

Management X-Ray of Uttam Sugar Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *33.1633.1633.4121.170.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Uttam Sugar Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8727608101,0851,2431,2281,6451,8192,0342,059
Operating Expenses 8247747298691,1271,0561,4631,6031,7651,814
Manufacturing Costs564946718091100105119120
Material Costs7146726387299668711,2241,3451,4901,534
Employee Cost 413933475562718186100
Other Costs 14151321273267727061
Operating Profit 47-1581217117172182216270245
Operating Profit Margin (%) 5.4%-1.9%10.0%20.0%9.4%14.0%11.1%11.9%13.3%11.9%
Other Income 3343119109169
Interest 99755074808079867552
Depreciation 41231723242729293336
Exceptional Items 0-10-5000000
Profit Before Tax -90-11218119247484110177165
Tax -35-2321271633504241
Profit After Tax -55-881510717585260135124
PAT Margin (%) -6.3%-11.6%1.9%9.8%1.4%4.7%3.1%3.3%6.6%6.0%
Adjusted EPS (₹)-14.5-23.14.128.04.515.213.515.735.432.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%6%8%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 898399159176234285338463576
Share Capital 11011011038383838383838
Reserves -21-26-11121138196247300425538
Minority Interest0000000000
Debt635580537628678604689680555542
Long Term Debt1831344093422582772311778725
Short Term Debt452446128285420327457503468517
Trade Payables257396303283384647508454296283
Others Liabilities 11498106205164210254308256258
Total Liabilities 1,0941,1581,0441,2751,4031,6961,7371,7801,5701,659

Fixed Assets

Gross Block688790799560611655673684837873
Accumulated Depreciation228251268234774103131164200
Net Fixed Assets460539531538564582570553673673
CWIP 2611161117114512747
Investments 0000000300
Inventories518465377611721989930928800851
Trade Receivables17265753495350486148
Cash Equivalents 4321333723141091210
Others Assets3197322528471311122071
Total Assets 1,0941,1581,0441,2751,4031,6961,7371,7801,5701,659

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10813312355114315179320158
PBT -90-11218119247484110177165
Adjustment 13898669498100991099682
Changes in Working Capital 6014739-208-66-29-152-4248-52
Tax Paid 0000-5-1-171-1-36
Cash Flow From Investing Activity -8-10-8-25-50-46-46-88-28-50
Capex -10-11-9-25-50-46-47-84-34-50
Net Investments 0000000-330
Others 2111000030
Cash Flow From Financing Activity -115-146-10336-21-10019-83-286-110
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-690-77-981559282348
Interest Paid -98-72-56-69-72-67-70-74-60-42
Dividend Paid 000000000-8
Others -17-5-47183148-189-4-92-259-69
Net Cash Flow -15-221216-21-3-1386-2
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-123.8500205.7610.1628.3419.8819.1833.723.79
ROCE (%)1.05-4.8310.4525.4411.3916.1615.9117.4122.319.13
Asset Turnover Ratio0.770.70.770.980.940.790.961.031.211.28
PAT to CFO Conversion(x)N/AN/A8.20.0532.470.292.982.371.27
Working Capital Days
Receivable Days11101818151511101010
Inventory Days229229181158192254213186155146
Payable Days1431772001471262161721319269

Uttam Sugar Mills Ltd Stock News

Uttam Sugar Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Uttam Sugar Mills on 28-Mar-2024 16:01 is ₹311.9.
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 28-Mar-2024 16:01 the market cap of Uttam Sugar Mills stood at ₹1,189.5.
The latest P/E ratio of Uttam Sugar Mills as of 28-Mar-2024 16:01 is 7.43.
The latest P/B ratio of Uttam Sugar Mills as of 28-Mar-2024 16:01 is 1.81.
The 52-week high of Uttam Sugar Mills is ₹535.2 and the 52-week low is ₹219.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Uttam Sugar Mills is ₹2,109 ( Cr.) .

About Uttam Sugar Mills Ltd

Uttam Sugar Mills Ltd. is among the leading producer of Double Refined Sugar in the Country. With extensive Research and Development, Uttam Sugar is now producing the best quality sugar in the country. After entering into packaged sugar, company has now moved from ‘Selling a Commodity’ to ‘Marketing of a Product’.

The company has ten folded its production in the last ten years with 2,000 TCD in 2001 to 20,000 TCD in 2011. Since its inception, the company has striven to achieve total customer satisfaction. It is the policy of all Group Units to strictly follow the tenets of Uttam Quality.

With a widespread distribution network that traverses through all of Northern India, Central India and parts of Western India like Rajasthan and Gujrat, it can be found on the shelves of all the major retail store of the country, In addition to this, the company’s clients are some of the best known as FMCG sector like Rasna, Safal, Patanjali, Britannia, Cadbury & Heinz.

White refined and brown are available in a range of packaging including 1, 5 & 10 kg bags and the consumers packages for direct sale. Also the company has invert sugar syrup. It is also doing R&D to add more quality sweetener product to its portfolio.

Business area of the company

The Company is engaged in the manufacture of Sugar, Industrial Alcohol and Generation of Power.

Products

Sugar: The company is engaged in manufacturing of sugar including of Sulphur-less Refined Sugar, Double Refined, packed in small packaging, Natural Brown Sugar etc. Its sugar which being produced are regularly matched with NSI standard and norms. Similarly, it is complying and following up all the rules and regulations of FSSAI and its sugar being packed in very hygienic conditions.

Ethanol and Industrial Alcohol: Molasses is generated as by- product during the manufacturing of Sugar. It is the raw material for manufacture of Industrial Alcohol and Ethanol. The production of Alcohol and Ethanol is being done at Distillery where the company has ensured Zero Liquid Discharge (ZLD) by the latest process of concentration of Spent wash through Multi Effect Evaporators and incineration of concentrated Spent Wash through slop Boilers. Ethanol being supplied to Oil manufacturing Company for blending with Petrol under the Policy of Central Government of India. Ethanol is ECO Friendly fuel and helps to save foreign exchange also by reducing import of crude oil.

Power: The company is having the facility of Bagasse based Co-generation of Power which is a great alternative to Fossil Fuels and reduces the gas emission to safeguard the environment. The Power generation based on Bagasse is a renewal source of Energy. The said power is used for captive consumption as well as surplus power is being exported to Uttar Pradesh Power Corporation Ltd (UPPCL) under the Power Purchase Agreement with them.

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