Mawana Sugars Ltd Stock Analysis

BSE: 523371 | NSE: MAWANASUG | Sugar | Small Cap

BSE Share Price Jan 27, 18:01
83.25 3.85 (4.85%)

DeciZen - Make an Informed Decision on Mawana Sugars

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity See How?

1. Quality

2. Valuation

Somewhat overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

1. Is Mawana Sugars Ltd a good quality company?

Data is not available for this company.

2. Is Mawana Sugars Ltd undervalued or overvalued?

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.

3. Is Mawana Sugars Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mawana Sugars Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mawana Sugars:

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

Value Creation Index Colour Code Guide
Mar'11Sep'12Sep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -0.9%-5.8%-41.4%-41.1%51.4%43.6%3.8%10.2%-8.8%4.5%-
Value Creation Index -1.1-1.4NANA2.72.1-0.7-0.3-1.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 1,0851,1321,2871,1211,1881,1911,3441,2051,4071,6261,433
YoY Gr. Rt. %-4.4%13.7%-13%6%0.3%12.9%-10.3%16.7%15.6%-
Adj EPS -16.6-25.5-76.9-36.90.530.11.510.6-20.62.123.5
YoY Gr. Rt. %-NANANANA6302.1%-95%606%-294.7%NA-
BVPS (₹) 30.515-51.9-78.4-788791.210281.1100.293.3
Adj Net Profit -57.9-89.2-301-1441.81185.941.4-80.78.292
Cash Flow from Ops. -60.4247-59.118832.949.466.2-95.6-135164-
Debt/CF from Ops. -9.11.5-11.92.111.74.92.1-2.5-3.61.7-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 4.6%6.5%6.5%15.6%
Adj EPS NA34.7%11.5%NA
BVPS 14.103.223.5
Share Price 17.7% 7.2% 24.8% 168.5%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'11Sep'12Sep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -45.9-109.1511.361.6-0.6-573.61.711-22.52.324.3
Op. Profit Mgn % 4.61.3-13.8-3.87.213.72.49.65.14.76.6
Net Profit Mgn % -5.3-7.9-23.4-12.90.29.90.43.4-5.70.56.4
Debt to Equity 5.27.2-3.5-1.3-1.30.70.40.61.50.70.2
Working Cap Days 99938087107164152206236214126
Cash Conv. Cycle 4913-10-39-70-55-831211618

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.30%

Net Profit is growing at healthy rate in last 3 years 11.51%

Debt to equity has declined versus last 3 years average to 0.70

Sales growth has been subdued in last 3 years 6.54%

Sales growth is not so good in last 4 quarters at -8.26%

Latest Financials - Mawana Sugars Ltd.

Standalone Consolidated
TTM EPS (₹) 23.5 22
TTM Sales (₹ Cr.) 1,433 1,433
BVPS (₹.) 93.3 86.4
Reserves (₹ Cr.) 326 299
P/BV 0.85 0.92
PE 3.38 3.61
From the Market
52 Week Low / High (₹) 29.40 / 124.05
All Time Low / High (₹) 1.70 / 232.00
Market Cap (₹ Cr.) 311
Equity (₹ Cr.) 39.1
Face Value (₹) 10
Industry PE 14.8

Management X-Ray of Mawana Sugars :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.034.034.034.034.034.034.034.034.034.03
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Mawana Sugars Ltd

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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