Rana Sugars Ltd - Stock Valuation and Financial Performance

BSE: 507490 | NSE: RANASUG | Sugar | Small Cap

Rana Sugars Share Price

19.50 -0.16 -0.81%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Rana Sugars

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

1. Quality

2. Valuation

Fair

3. Price Trend

Rana Sugars stock performance -

mw4me loader
P/E Ratio (SA):
5.76
Market Cap:
297.2 Cr.
52-wk low:
18.1
52-wk high:
30.3

Is Rana Sugars Ltd an attractive stock to invest in?

1. Is Rana Sugars Ltd a good quality company?

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

2. Is Rana Sugars Ltd undervalued or overvalued?

The key valuation ratios of Rana Sugars Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Rana Sugars Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rana 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 Rana 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.
Rana 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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.3%0.6%8.5%3.7%-1.9%-1%20.2%23.6%19.9%9.6%-
Value Creation
Index
-0.8-1.0-0.4-0.7NANA0.40.70.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6486988561,1019771,0921,3131,2221,4001,6271,629
Sales YoY Gr.-7.7%22.6%28.6%-11.3%11.8%20.3%-7%14.6%16.2%-
Adj EPS -1.6-3.61.1-1.7-5.6-4.87.176.33.73.4
YoY Gr.-NANA-251.8%NANANA-1.5%-10%-40.9%-
BVPS (₹) 12.89.210.38.6-1-5.811.523.729.233.433.8
Adj Net
Profit
-23.8-54.917.3-26.1-86.4-73.710910896.957.352
Cash Flow from Ops. 3.391.693.417916010532914691.6-83.8-
Debt/CF from Ops. 2358.68.84.25.17.80.81.22.1-4.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.8%10.8%7.4%16.2%
Adj EPS NANA-19.4%-40.9%
BVPS11.2%NA42.6%14.1%
Share Price 23.7% 41.9% 26.2% -8.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-9.6-26.29-14-92.8304.5152.537.923.911.910
Op. Profit
Mgn %
12.93.416.37.23.73.96.410.412.776.4
Net Profit
Mgn %
-3.7-7.92-2.4-8.9-6.88.38.86.93.53.2
Debt to
Equity
3.24.34.14.462.3-13.31.30.50.40.7-
Working Cap
Days
42340735026630328519817817618376
Cash Conv.
Cycle
25523017410611754-17-79398

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.73

Return on Equity has declined versus last 3 years average to 10.00%

Sales growth has been subdued in last 3 years 7.41%

Net Profit has been subdued in last 3 years -19.39%

Sales growth is not so good in last 4 quarters at -2.29%

Latest Financials - Rana Sugars Ltd.

Standalone Consolidated
TTM EPS (₹) 3.4 -
TTM Sales (₹ Cr.) 1,629 -
BVPS (₹.) 33.8 -
Reserves (₹ Cr.) 365 -
P/BV 0.57 -
PE 5.76 -
From the Market
52 Week Low / High (₹) 18.05 / 30.29
All Time Low / High (₹) 1.45 / 53.80
Market Cap (₹ Cr.) 297
Equity (₹ Cr.) 153.6
Face Value (₹) 10
Industry PE 14.5

Management X-Ray of Rana Sugars:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rana Sugars

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6486988561,1019771,0921,3131,2221,4001,627
Operating Expenses 5656747171,0229401,0511,2291,0951,2231,514
Manufacturing Costs6676817885101110125178225
Material Costs4525535878928068961,0549059561,185
Employee Cost 30272628303438414964
Other Costs 17182223192127244040
Operating Profit 832413979364084126178113
Operating Profit Margin (%) 12.9%3.4%16.3%7.2%3.7%3.7%6.4%10.3%12.7%7.0%
Other Income 091171775423
Interest 80879589999422182923
Depreciation 33272828313334272831
Exceptional Items 00000022371-160
Profit Before Tax -30-8217-37-87-6925915810982
Tax -6-270-11-16-702419
Profit After Tax -24-5517-26-86-752661588563
PAT Margin (%) -3.7%-7.9%2.0%-2.4%-8.9%-6.9%20.2%12.9%6.1%3.9%
Adjusted EPS (₹)-1.6-3.61.1-1.7-5.6-4.917.310.35.64.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 23818319917313-62205363449512
Share Capital 195195195195182182182154154154
Reserves 43-125-21-169-24323210295359
Minority Interest0000000000
Debt751753765681749732251171175360
Long Term Debt240239250207207155141111115115
Short Term Debt5115145154745425771106060244
Trade Payables186196262148454496455498527429
Others Liabilities 156146181280171180153104139161
Total Liabilities 1,3311,2771,4081,2821,3871,3461,0641,1361,2901,462

Fixed Assets

Gross Block700713748784501514574641699795
Accumulated Depreciation2472733013295183196220247275
Net Fixed Assets453439447454450431378421451520
CWIP 32342928213038285714
Investments 0000000000
Inventories639587645441536509303373514585
Trade Receivables59577473140137144138107128
Cash Equivalents 33142818584069774330
Others Assets114145184269182200133100118184
Total Assets 1,3311,2771,4081,2821,3871,3461,0641,1361,2901,462

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3929317916010532914692-84
PBT -29-8117-37-87-692598612582
Adjustment 113112122117130127-168455938
Changes in Working Capital -8061-461001174723815-92-194
Tax Paid 00000000-1-10
Cash Flow From Investing Activity -17-15-27-37-63-28-36-62-123-98
Capex -17-15-27-37-20-40-55-62-105-58
Net Investments 0000-431018000
Others 01100110-18-40
Cash Flow From Financing Activity 26-96-52-153-103-85-246-76-3170
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 2000-14-23-76116-2
Interest Paid -80-87-95-89-99-94-55-18-15-18
Dividend Paid 0000000000
Others 104-943-641032-115-59-4189
Net Cash Flow 13-1914-11-7-8478-34-12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-11.49-32.5411.17-18.01-147.79N/A609.0158.4120.9913.19
ROCE (%)5.210.5411.275.291.34N/A45.4234.4323.3713.83
Asset Turnover Ratio0.520.550.660.860.740.81.091.111.151.18
PAT to CFO Conversion(x)N/AN/A5.47N/AN/AN/A1.240.921.08-1.33
Working Capital Days
Receivable Days32302723394639423226
Inventory Days324311255171180175113101116123
Payable Days15212614384136194165192196147

Rana Sugars Ltd Stock News

Rana Sugars Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rana Sugars on 28-Mar-2024 16:01 is ₹19.50.
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 Rana Sugars stood at ₹297.1.
The latest P/E ratio of Rana Sugars as of 28-Mar-2024 16:01 is 5.76.
The latest P/B ratio of Rana Sugars as of 28-Mar-2024 16:01 is 0.57.
The 52-week high of Rana Sugars is ₹30.29 and the 52-week low is ₹18.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rana Sugars is ₹1,629 ( Cr.) .

About Rana Sugars Ltd

Rana Sugars Ltd. a Rana Group company was founded in 1992 in collaboration with Punjab AgroCorporation. In year 2002 RSL has setup a Demonstration Co-generation Project to produce extra power from the Bagasse (by-product of sugar) and export it to Punjab State Electricity Board.

The Rana Group of Companies made a humble beginning in mid 80’s when Rana Gurjeet Singh, group’s Founder set-up Agro Boards Limited a Kraft Paper unit in Punjab. Success of this maiden venture was duly recognized by apex state owned industrial promotion corporations and this led to Rana Group’s ventures with different state owned corporations.

After the success of Agro Boards, Rana Group diversified into sugar manufacturing by setting its first unit at Buttar Sevian, Punjab in 1993.

Over the years the group has established itself as a pioneer in the sugar industry. Today, the group is in sugar, alcohol, power generation and textile sector.

Sugar is very vital part of the rural economy and Rana Group supports the cause of the sugar farmers. The group is actively involved with the farming community in order to improve yields and quality of sugarcane.

Quality, consistency and relationships have propelled the group to become one of the most successful industrial houses in north India.

Rana Sugars Limited (RSL) is also a market leader in Punjab Medium Liquor (PML) sector. The company has portfolio of well established liquor brands. RSL is also a preferred bottler of several leading liquor brands.

The alcohol is produced from both Molasses and grain. Molasses is a by-product of sugar that has a certain amount of sugar content that is extracted through a technological process.

Identifying the vast opportunities in the ethanol sector, RSL has proposed to set up an ethanol plant that will use molasses as raw material from RSL’s existing facilities.

Products range of the company- RSL has one of the most diversified sugar facilities in the country. The following categories of sugar are manufactured:

  • Double Refined White Sulphurless Sugar
  • Plantation White Sugar
  • Raw Sugar
  • Alcohol- Rana Sugars Limited (RSL) is also a market leader in Punjab Medium Liquor (PML) sector.
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