Riga Sugar Company Ltd Stock Analysis

BSE: 507508 | NSE: | Sugar | Small Cap

BSE Share Price Jan 20, 18:01
11.97 -0.28 (-2.29%)

DeciZen - Make an Informed Decision on Riga Sugar

M-Cap below 100cr DeciZen not available

FAQ's

1. Is Riga Sugar Company Ltd a good quality company?

Data is not available for this company.

2. Is Riga Sugar Company Ltd undervalued or overvalued?

The key valuation ratios of Riga Sugar Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Riga Sugar Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Riga Sugar Company 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 Riga Sugar:

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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 3.2%3.9%3%0.4%3.4%2.2%-4.9%-22.3%-13.2%-58.1%-
Value Creation Index -0.8-0.7-0.8-1.0-0.8NANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 14819816318618018295.815515379.115
YoY Gr. Rt. %-33.4%-17.7%14.3%-3.2%1%-47.4%61.7%-1.1%-48.3%-
Adj EPS -5.5-2.8-2.7-9.8-1.9-3.8-15.5-34.3-17.6-33.9-35.8
YoY Gr. Rt. %-NANANANANANANANANA-
BVPS (₹) 2319.516.46.66-6.2-21-53.2-70.3-103.2-111.5
Adj Net Profit -5-2.6-2.9-10.5-2.4-5.5-22.4-49.5-25.4-49-52
Cash Flow from Ops. -3.32012.725.76.629.722.733.631.97.4-
Debt/CF from Ops. -43.67.111.35.321.656.23.83.713.3-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -6.8%-15.2%-6.2%-48.3%
Adj EPS NANANANA
BVPS -218.2-276.500
Share Price -3.4% -12.2% 31.8% 139.4%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -10.1-3.8-4.4-13.6-2.7-6.9-37.2-187.9275.1108.133.3
Op. Profit Mgn % 11.19.99.82.96.96.5-1.6-17.4-5.2-35.9-155.3
Net Profit Mgn % -3.4-1.3-1.8-5.6-1.3-3-23.4-32-16.6-61.9-349.2
Debt to Equity 6.97.98.319.419.1-16.6-4.6-1.7-1.2-0.7-
Working Cap Days 387299392381383309591381282290305
Cash Conv. Cycle 1561231831327332267-95-202-2,6540

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 33.30%

Sales growth has been subdued in last 3 years -6.16%

Sales growth is not so good in last 4 quarters at -89.48%

Latest Financials - Riga Sugar Company Ltd.

Standalone Consolidated
TTM EPS (₹) -35.8 -
TTM Sales (₹ Cr.) 14.8 -
BVPS (₹.) -111.5 -
Reserves (₹ Cr.) -176 -
P/BV -0.11 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 3.41 / 14.38
All Time Low / High (₹) 2.40 / 170.45
Market Cap (₹ Cr.) 17.7
Equity (₹ Cr.) 14.4
Face Value (₹) 10
Industry PE 16.1

Management X-Ray of Riga Sugar :

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

Analyst's Notes

News

About Riga Sugar Company Ltd

Riga Sugar Company, the flagship company of Dhanuka Group has Sugar (4500/5000 TCD), Distillery(50 KLPD), Ethanol (45 KLPD) & DAP/Organic Fertiliser factories in North Bihar (India) is located at village and railway station, Riga, on Narkatiaganj- Samastipur meter gauge section of Northern Eastern Railway. 

SUGAR: Company’s sugar factory is one of the oldest sugar factory in India which was set-up in 1933 by The Belsund Sugar & Industries limited under British Management which was taken over by Dhanukas in 1950. Under the Scheme of Arrangement as sanctioned by Hon’ble Calcutta High Court the sugar factory was transferred w.e.f.1.10.1981 to Riga Sugar Company. The initial installed capacity of the sugar plant was 800 TCD which was increased to 1200 TCD in 1956 than increased to 2000 TCD in 1987-88. In 1995-96 the company undertaken Expansion-cum-Diversification scheme whereby the capacity of sugar plant was increases to    2500 TCD and New Distillery Plant of 50 KLPD was set-up. 

In 1999-2000 the company implemented the scheme of  Sugar Technology Mission (STM) project for Technological Upgradation-cum-Capacity Optimisation Scheme of Sugar Unit as approved by STM, Government of India at the Projected cost of 2675 Lacs and simultaneously undertaken  expansion scheme for increasing the capacity to 3500, which was completed in the season 1999-2000. Consequent to said STM Scheme the Major machineries of the sugar plant was newly installed like replacement of entire Mills, addition of Boiler, Turbine and Equipments in Boiling/Manufacturing House. 

Again in 2006-07 the company undertaken project of expansion of sugar plant to 5,000 TCD for estimated cost of Rs. 25 Crores and expansion project to 4500/5000 TCD has been completed in season 07-08 and expected to stabilize the production at enhanced capacity of 5000 TCD in 08-09.   

Distillery: The company’s 50 KLPD Distillery Plant was set-up in September, 1995 for manufacturing and marketing of Molasses based Alcohol which is of high quality and well regarded in the market.

Ethanol: The New Ethanol Plant of 45 KLPD commenced commercial operation from 4th April, 2007 and has been supplying Ethanol to Oil companies at different locations in Bihar and Jharkhand for admixing with Petrol.  

Fertiliser: The company manufacture NPK Manure under the Brand name of Harabhara Fertiliser. The company is also manufacturing Bio-Compost in the name of Krishi-Labh by using Distillery Effluents on press mud of sugar which is very useful for foodgrains, vegetable, fruits, sugarcane, tea plant etc.

Product range of the company includes:
  • Sugar 
  • Rectified Spirit 
  • Denatured Spirit
Achievements/ recognition:
  • An ISO 9001-2000 & ISO14001:2004 Certified Company


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