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Mawana Sugars Ltd. Stock Analysis

Small Cap
Evaluated by 363 users | BSE: 523371 | NSE: MAWANASUG |
Sugar
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...

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
 Sep'09Mar'11Sep'12Sep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -0.89%-0.85%-5.83%-41.4%-41.1%51.38%43.61%3.8%10.18%-8.82%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 6761,0851,1321,2871,1211,1881,1911,3441,2051,427
Y-o-Y Gr. Rt.-60.4%4.4%13.7%-13%6%0.3%12.9%-10.3%18.4%
Adjusted EPS (Rs.) -16.5-16.56-25.5-76.94-36.930.4730.091.510.59-20.63
Y-o-Y Gr. Rt.-NANANANANA6302.1%-95%606%-294.8%
Book Value per Share (Rs.) 62.5130.515.04-51.87-78.43-77.9886.9891.15101.9681.13
Adjusted Net Profit -57.7-57.9-89.2-301-1441.81185.941.4-80.7
Net Op. Cash Flow (Rs. Cr.) 28.1-60.4247-59.118832.949.466.2-95.6-135
Debt to Cash Flow from Ops 24.91-9.091.53-11.862.1411.684.92.13-2.49-3.59
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.
Mawana Sugars Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.7%5%6.2%18.4%
Adjusted EPS NANA-188.2%-294.8%
Book Value per Share 2.90-2.3-20.4
Share Price 3% 11.3% -42.2% -29.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Sep'09Mar'11Sep'12Sep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -24.13-45.88-109.13511.3461.59-0.6-573.631.6810.97-22.54
Operating Profit Margin (%) 8.154.61.25-13.77-3.767.2413.692.369.595.18
Net Profit Margin (%) -8.53-5.34-7.88-23.38-12.890.169.890.443.44-5.66
Debt to Equity 3.25.157.18-3.45-1.31-1.260.710.40.61.53
Working Capital Days 13399938087107164152206233
Cash Conversion Cycle 264913-10-39-70-55-83148
Entity Percentage Holding
Promoters 63.49%
Institutions 1.65%
Non-Institutions 34.85%
Others 0.01%
Pledged *4.034.034.034.034.034.034.034.034.034.03
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Mawana Sugars Ltd.'s performance infers:

Mawana Sugars Ltd. earnings have grown by 0%, whereas share price has appreciated 11.3% 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.

We analysed the performance of Mawana Sugars Ltd. share prices over the last 10 years. Here is what we found out:

Mawana Sugars Ltd. share price has appreciated -2.6% annually over the past ten years.

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

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. 

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

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