Mawana Sugars Ltd - Stock Valuation and Financial Performance

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

Mawana Sugars Share Price

84.80 1.20 1.44%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Mawana Sugars

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Mawana Sugars stock performance -

mw4me loader
P/E Ratio (SA):
6.95
Market Cap:
330.3 Cr.
52-wk low:
79
52-wk high:
120.6

Is Mawana Sugars Ltd an attractive stock to invest in?

1. Is Mawana Sugars Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mawana Sugars Ltd is a average quality 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 Fair zone.

3. Is Mawana Sugars Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mawana Sugars 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 Mawana Sugars:

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.
Mawana Sugars 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

Sep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -41.4%-41.1%51.4%43.6%3.8%10.2%-8.8%5.4%6.7%4.4%-
Value Creation
Index
NANA2.72.1-0.7-0.3-1.6-0.6-0.5-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2871,1211,1881,1911,3441,2051,4071,4691,4781,4821,383
Sales YoY Gr.--13%6%0.3%12.9%-10.3%16.7%4.4%0.6%0.2%-
Adj EPS -76.9-36.90.530.11.510.6-20.63.88.34.312.2
YoY Gr.-NANA6302.1%-95%606%-294.7%NA119.9%-48.5%-
BVPS (₹) -51.9-78.4-788791.210281.1100.2105.7106.7102.3
Adj Net
Profit
-301-1441.81185.941.4-80.714.832.416.748
Cash Flow from Ops. -59.118832.949.466.2-95.6-135164-151109-
Debt/CF from Ops. -11.92.111.74.92.1-2.5-3.61.7-2.83.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.6%2%1.8%0.2%
Adj EPS NA23.3%NA-48.5%
BVPSNA3.2%9.6%1%
Share Price 27.5% 13.2% 32.9% -5.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Sep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
511.361.6-0.6-573.61.711-22.54.28.1411.6
Op. Profit
Mgn %
-13.8-3.87.213.72.49.65.16.77.45.46.8
Net Profit
Mgn %
-23.4-12.90.29.90.43.4-5.712.21.13.4
Debt to
Equity
-3.5-1.3-1.30.70.40.61.50.710.9-
Working Cap
Days
808710716415220623623720217266
Cash Conv.
Cycle
-10-39-70-55-8312134611149

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.60%

Debt to equity has declined versus last 3 years average to 0.91

Sales growth has been subdued in last 3 years 1.75%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 1.04%

Latest Financials - Mawana Sugars Ltd.

Standalone Consolidated
TTM EPS (₹) 12.2 10.9
TTM Sales (₹ Cr.) 1,383 1,383
BVPS (₹.) 102.3 92.9
Reserves (₹ Cr.) 361 324
P/BV 0.83 0.91
PE 6.95 7.73
From the Market
52 Week Low / High (₹) 79.00 / 120.55
All Time Low / High (₹) 1.70 / 232.00
Market Cap (₹ Cr.) 330
Equity (₹ Cr.) 39.1
Face Value (₹) 10
Industry PE 14.5

Management X-Ray of Mawana Sugars:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.034.030.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mawana Sugars

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSSep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,2871,4011,4851,1911,3441,2051,4071,4691,4781,482
Operating Expenses 1,4651,4531,3771,0281,3131,0901,3341,3711,3711,401
Manufacturing Costs22125727620522526281808091
Material Costs1,0061,0669677149696759201,1771,1761,191
Employee Cost 77929072697764696978
Other Costs 1613944364977270454541
Operating Profit -178-5310716332115729810880
Operating Profit Margin (%) -13.8%-3.8%7.2%13.7%2.4%9.6%5.1%6.6%7.3%5.4%
Other Income 1210109121211484
Interest 90777744212325352628
Depreciation 50613830243366484036
Exceptional Items 19003491500107-5-2
Profit Before Tax -288-18124471471-71264519
Tax 00084-2287332122
Profit After Tax -288-18123631642-80933317
PAT Margin (%) -22.4%-12.9%0.1%30.5%1.2%3.5%-5.7%6.4%2.2%1.2%
Adjusted EPS (₹)-73.6-46.20.692.84.210.9-20.423.98.54.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%35%68%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSSep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -203-383-381340357399317392413418
Share Capital 39393939393939393939
Reserves -242-423-420301317360278353374378
Minority Interest0000000000
Debt51628729214197176359246385351
Long Term Debt144912461419717619475417
Short Term Debt37219647000165171344344
Trade Payables309655716423538670590656185201
Others Liabilities 270378429121-4422146646262
Total Liabilities 8929371,0571,0259471,2671,4131,3581,0451,032

Fixed Assets

Gross Block1,0661,0701,074345360374440392409429
Accumulated Depreciation537597633254778143161198232
Net Fixed Assets529474441321313296298231211197
CWIP 113488113316
Investments 29293334426878818484
Inventories239291417441419740800748642630
Trade Receivables41517241513749393933
Cash Equivalents 15414360684762994539
Others Assets37494812545711251482035
Total Assets 8929371,0571,0259471,2671,4131,3581,0451,032

Cash Flow

(All Figures are in Crores.)
PARTICULARSSep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -59235414966-96-135164-151109
PBT -288-18124471471-71024519
Adjustment 235134109-281205083-226362
Changes in Working Capital -42281-70-11441-207-19685-25829
Tax Paid 360-1-3-9-10-15-10-2
Cash Flow From Investing Activity 18-15-811974-27-51124-14-39
Capex -7-5-10119-21-25-43129-11-35
Net Investments 240-4186-9-15-2-5
Others 1-106-196-7-11-21
Cash Flow From Financing Activity 46-206-30-156-123101202-243107-76
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -42-22-24-130-10810467-224-37-37
Interest Paid -89-8-3-25-15-4-28-23-16-27
Dividend Paid 00000000-12-12
Others 177-176-3-1001635172-1
Net Cash Flow 51431318-221546-57-6
PARTICULARSSep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/A04.6611.24-22.2526.338.224.15
ROCE (%)N/AN/AN/A144.156.4316.582.4721.889.425.79
Asset Turnover Ratio1.421.621.581.221.361.091.051.061.231.43
PAT to CFO Conversion(x)N/AN/A20.50.134.13-2.29N/A1.76-4.586.41
Working Capital Days
Receivable Days911141613131111109
Inventory Days566582123117175200192172157
Payable Days10716525929118132725019313159

Mawana Sugars Ltd Stock News

Mawana Sugars Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mawana Sugars on 28-Mar-2024 16:01 is ₹84.80.
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 Mawana Sugars stood at ₹330.3.
The latest P/E ratio of Mawana Sugars as of 28-Mar-2024 16:01 is 6.95.
The latest P/B ratio of Mawana Sugars as of 28-Mar-2024 16:01 is 0.83.
The 52-week high of Mawana Sugars is ₹120.5 and the 52-week low is ₹79.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mawana Sugars is ₹1,383 ( Cr.) .

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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