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Girdharilal Sugar & Allied Industries Ltd. Stock Analysis

Small Cap
Evaluated by 12 users | BSE: 507506 | NSE: NARMADASUG |
Consumer Food
Girdharilal Sugar & Allied Industries (GIRDSGA), incorporated on October 27, 1989 as a public limited company, has been engaged in the manufacture of sugar. Formerly known as Narmada Sugars, it got its present name on December 20, 1996. The company was principally promoted by Premier...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 6.35%5.2%0.96%-0.07%-5.88%10.01%7.97%7.08%3.85%1.04%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 01.90.1066.513610410945.537.2
Y-o-Y Gr. Rt.-NA-92.5%-100%NA103.9%-23.1%4.7%-58.3%-18.4%
Adjusted EPS (Rs.) 0.790.630.12-0.01-1.311.71.141-0.03-0.73
Y-o-Y Gr. Rt.--20.3%-81%-108.3%NANA-32.9%-12.3%-103%NA
Book Value per Share (Rs.) 14.0514.2914.3614.35-6.48-4.29-3.15-1.631.91.32
Adjusted Net Profit 1.51.20.20-2.43.32.21.9-0.1-1.4
Net Op. Cash Flow (Rs. Cr.) -2.3-1.5-0.2-0.524.27.810.12.84.41
Debt to Cash Flow from Ops -2.580001.14.643.9113.798.4437.09
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Girdharilal Sugar & Allied Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NA-11%-29.1%-18.4%
Adjusted EPS -199.1%NA-186.2%NA
Book Value per Share -23.100-30.5
Share Price - 15.2% -2.4% -7.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 5.714.430.86-0.07-13.6235.7419.614.63-0.32-8.24
Operating Profit Margin (%) 0-25.11-382.740-2.564.225.833.458.839.31
Net Profit Margin (%) 065.58175.740-3.662.42.11.75-0.11-3.77
Debt to Equity 0.21000-2.21-4.37-6.52-12.5210.2514.99
Working Capital Days 04,97074,3880179107146146400482
Cash Conversion Cycle 0561,0410-13-15-16-2-34
Entity Percentage Holding
Promoters 67.24%
Institutions 2.53%
Non-Institutions 30.23%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Girdharilal Sugar's performance infers:

Girdharilal Sugar earnings have grown by 0%, whereas share price has appreciated 15.2% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

Girdharilal Sugar & Allied Industries (GIRDSGA), incorporated on October 27, 1989 as a public limited company, has been engaged in the manufacture of sugar. Formerly known as Narmada Sugars, it got its present name on December 20, 1996. The company was principally promoted by Premier Proteins and Rajesh Agarwal, who also has business interests in other companies like Premier Industries, Premier Feed Products, Vertex Investments and Premier Capital Services.

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Girdharilal Sugar & Allied Industries (GIRDSGA), incorporated on October 27, 1989 as a public limited company, has been engaged in the manufacture of sugar. Formerly known as Narmada Sugars, it got its present name on December 20, 1996. The company was principally promoted by Premier Proteins and Rajesh Agarwal, who also has business interests in other companies like Premier Industries, Premier Feed Products, Vertex Investments and Premier Capital Services.

Located near Barwani in Madhya Pradesh, the manufacturing unit produces white crystal sugar with an installed capacity of 2,500 MTPA used for domestic purposes, confectionery and pharmaceuticals. Bagasse generated out of cane-crushing activities is used to generate power through an installed steam turbine unit for captive use.

Having accumulated losses over a period of time, the company made a reference to the Board for Industrial & Financial Reconstruction (BIFR). Following the BIFR order dated September 17, 2002, it has written back provisions for doubtful advances and continued to arrange working capital finance from private body corporates against pledge of warehousing receipts issued by Central Warehousing Corporation, with which it has a strategic arrangement. It is now out of the red and generated profits for the 15 months ended June 2008.

The registered office is at Narmada Nagar, Ghatwa Village, Thikri Tehsil, Barwani, Madhya Pradesh - 451660.

Milestones:

1989 - The company was incorporated on October 27 as a public limited company. The company was promoted by Premier Proteins Ltd. and other group Cos. and by G. L. Agrawal and R. K. Agrawal. The company was setting up a sugar project with a capacity of 2500 TCD, expandable to 3500 TCD, at village Ghatva, Tehsil Thikri, MP.

1994 - The company proposed to commence commercial production by November.

1995 - The crushing started from November 29. During the sugar season 217,315 MT of sugarcane was crushed and 70% of capacity utilization was achieved.

- The company proposed to set up a distillation project of 30,000 LPD for proper utilization of and value addition in molasses.

1996 - The turnover of the company rose to Rs 23.54 crore as against Rs. 7.66 crore in the previous year. However, profitability was affected due to higher interest costs and low sugar sales price.

1997 - The company became a sick industrial company, as per Section 3(1)(0) of Sick Industrial Companies (special Provision) Act, 1985. Accordingly a reference was made to Board for Industiral and Financial Reconstruction (BIFR).

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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