Riga Sugar Company Ltd Stock Analysis

BSE: 507508 | NSE: | Sugar | Small Cap

BSE Share Price 02-Feb-2023 18:01
6.91 0.00 (0.00%)

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Riga Sugar Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
10 Cr.
52-wk low :
6
52-wk high :
12.5
Bole Toh?

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

Past 10 year's financial track record analysis by Moneyworks4me indicates that Riga Sugar Company Ltd is a average quality 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 Weak which suggest that the price of Riga Sugar Company 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 Riga Sugar:

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.
Riga Sugar Company 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'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 14819816318618018295.815515379.13
YoY Gr. Rt. %-33.4%-17.7%14.3%-3.2%1%-47.4%61.7%-1.1%-48.3%-
Adj EPS -5.5-2.8-2.7-9.8-1.9-3.8-15.5-34.3-17.6-33.9-32.9
YoY Gr. Rt. %-NANANANANANANANANA-
BVPS (₹) 2319.516.46.66-6.2-21-53.2-70.3-103.2-115.1
Adj Net Profit -5-2.6-2.9-10.5-2.4-5.5-22.4-49.5-25.4-49-47
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 -13.3% -11.2% 23.9% -36.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -10.1-3.8-4.4-13.6-2.7-6.9-37.2-187.9275.1108.130.1
Op. Profit Mgn % 11.19.99.82.96.96.5-1.6-17.4-5.2-35.9-685.3
Net Profit Mgn % -3.4-1.3-1.8-5.6-1.3-3-23.4-32-16.6-61.9-1824.4
Debt to Equity 6.97.98.319.419.1-16.6-4.6-1.7-1.2-0.7-
Working Cap Days 3872993923813833095913812822900
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 30.10%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -97.94%

Latest Financials - Riga Sugar Company Ltd.

Standalone Consolidated
TTM EPS (₹) -32.9 -
TTM Sales (₹ Cr.) 2.6 -
BVPS (₹.) -115.1 -
Reserves (₹ Cr.) -181 -
P/BV -0.06 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 6.00 / 12.45
All Time Low / High (₹) 2.40 / 170.45
Market Cap (₹ Cr.) 10
Equity (₹ Cr.) 14.4
Face Value (₹) 10
Industry PE 10.7

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

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Analyst's Notes

Key Ratios of Riga Sugar

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Riga Sugar Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Riga Sugar on 02-Feb-2023 18:01 is : 6.91.
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 02-Feb-2023 18:01 the market cap of Riga Sugar stood at ₹ 9.98.
The latest PE ratio of Riga Sugar as of 02-Feb-2023 18:01 is 0.00.
The latest PB ratio of Riga Sugar as of 02-Feb-2023 18:01 is -0.06
The 52-week high of Riga Sugar is ₹ 12.45 and the 52-week low is ₹ 6.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Riga Sugar is ₹ 2.60 ( Cr.) .

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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