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Kothari Sugars & Chem Ltd. Stock Analysis

Small Cap
Evaluated by 82 users | BSE: 0 | NSE: KOTARISUG |
Sugar
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...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 3.82%4.93%4.21%3.35%-0.61%1.98%6.79%4.15%4.29%8.99%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 267322433323340247317287332353
Y-o-Y Gr. Rt.-20.5%34.5%-25.3%5.1%-27.5%28.5%-9.4%15.8%6.2%
Adjusted EPS (Rs.) 0.751.220.970.33-0.630.091.660.80.772.22
Y-o-Y Gr. Rt.-62.7%-20.5%-66%-290.9%NA1744.4%-51.8%-3.8%188.3%
Book Value per Share (Rs.) 12.8213.8414.8814.6314.0814.2215.9416.8118.3520.09
Adjusted Net Profit 6.210.18.12.7-5.20.813.86.66.418.4
Net Op. Cash Flow (Rs. Cr.) 18.9-6.3-3.564.3-12.825.324.636.725.927.1
Debt to Cash Flow from Ops 9.04-22.69-51.852.13-12.696.945.923.274.463.08
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.
Kothari Sugars & Chem Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 3.1%0.7%3.7%6.2%
Adjusted EPS 12.8%NA10.2%188.3%
Book Value per Share 5.17.489.5
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 5.478.396.312.07-4.190.6410.964.864.3911.53
Operating Profit Margin (%) 8.8910.767.896.612.767.2511.479.749.028.01
Net Profit Margin (%) 2.323.131.860.83-1.540.314.342.31.925.21
Debt to Equity 1.471.151.371.071.341.481.10.860.760.5
Working Capital Days 115119108154139187169203177175
Cash Conversion Cycle 4861638672122108987466
Entity Percentage Holding
Promoters 73.53%
Institutions 2.73%
Non-Institutions 23.74%
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.

Data is not available for this company.

Data is not available for this company

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

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.

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

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