SBEC Sugar Ltd - Stock Valuation and Financial Performance

BSE: 532102 | NSE: | Sugar | Small Cap

SBEC Sugar Share Price

37.50 -0.21 -0.56%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on SBEC Sugar

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

SBEC Sugar stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
179.7 Cr.
52-wk low:
30.6
52-wk high:
52.5

Is SBEC Sugar Ltd an attractive stock to invest in?

1. Is SBEC Sugar Ltd a good quality company?

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

2. Is SBEC Sugar Ltd undervalued or overvalued?

The key valuation ratios of SBEC Sugar Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is SBEC Sugar Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SBEC Sugar 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 SBEC 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.
SBEC Sugar 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 % -20.5%-82.2%-26.7%-55.7%-76.1%-32.7%6.9%-4.2%-0.1%-2.9%-
Value Creation
Index
NANA-2.9-5.0-6.4NA-0.5NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 383424390300469401471569602647625
Sales YoY Gr.-10.7%-8%-23.1%56.6%-14.5%17.4%20.8%5.8%7.4%-
Adj EPS -11.2-61-7.9-17.7-101-4.4-2.2-2.7-3.5
YoY Gr.-NANA-884.2%NANANA-539.6%NANA-
BVPS (₹) -11.5-17.7-16.7257.3-2.7-1.7-6.2-8.5-11.2-17.4
Adj Net
Profit
-53.4-28.84.8-37.8-84.5-47.64.8-21.1-10.7-13.1-17
Cash Flow from Ops. 17166.237.9-16.148.5-19637.270.792.973.3-
Debt/CF from Ops. 0.710.9-2.70.2-1.26.62.91.61.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6%6.6%11.2%7.4%
Adj EPS NANA-239.5%NA
BVPSNA-209.1%NANA
Share Price 14.1% 31.6% 83.2% 11.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
192.741.4-5.9-190.1-109.9-435.3-46.2113.130.527.824.3
Op. Profit
Mgn %
-7-5.72.1-4.1-12.6-6.28.32.53.73.13.8
Net Profit
Mgn %
-14-6.81.2-12.6-18-11.91-3.7-1.8-2-2.7
Debt to
Equity
-2.3-0.8-0.40.40.3-18.6-30.3-7-3.6-1.9-
Working Cap
Days
36227924631819424628927225822835
Cash Conv.
Cycle
-51-200-328-247-203-163-87-125-134-168-122

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.17%

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

Sales growth is not so good in last 4 quarters at 7.34%

Latest Financials - SBEC Sugar Ltd.

Standalone Consolidated
TTM EPS (₹) -3.5 -6.4
TTM Sales (₹ Cr.) 625 636
BVPS (₹.) -17.4 -12.2
Reserves (₹ Cr.) -130 -106
P/BV -2.17 -3.10
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 30.55 / 52.50
All Time Low / High (₹) 3.34 / 94.55
Market Cap (₹ Cr.) 180
Equity (₹ Cr.) 47.7
Face Value (₹) 10
Industry PE 14.5

Management X-Ray of SBEC 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 SBEC Sugar

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
Sales383424390300469401471569602647
Operating Expenses 410448382312528426432555580627
Manufacturing Costs15191920252929354745
Material Costs373412347272481375375493500551
Employee Cost 9101011131415151619
Other Costs 148799812111712
Operating Profit -28-248-12-59-2539142220
Operating Profit Margin (%) -7.2%-5.7%2.0%-4.1%-12.6%-6.2%8.3%2.5%3.7%3.1%
Other Income 6860100211
Interest 269588516181515
Depreciation 63318181818191919
Exceptional Items 0000000000
Profit Before Tax -54-295-38-84-475-21-11-13
Tax 0000000000
Profit After Tax -54-295-38-84-475-21-11-13
PAT Margin (%) -14.0%-6.8%1.3%-12.6%-18.0%-11.8%1.1%-3.7%-1.8%-2.0%
Adjusted EPS (₹)-11.3-6.01.1-7.9-17.7-10.01.0-4.4-2.2-2.7
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 -55-85-7911935-13-8-29-41-53
Share Capital 48484848484848484848
Reserves -102-132-12771-13-61-56-77-88-101
Minority Interest0000000000
Debt115582543102111981489257
Long Term Debt482371175171108557
Short Term Debt1115023693627403750
Trade Payables333377339380423301400446507511
Others Liabilities 322317212479808910292
Total Liabilities 425373301563492578670654660606

Fixed Assets

Gross Block119118119356358358370376381406
Accumulated Depreciation72767997114132150169187204
Net Fixed Assets474340260244226220208194202
CWIP 00000322184
Investments 17171717171717171717
Inventories2041285411282133234220243216
Trade Receivables13111513117820812
Cash Equivalents 12161296344
Others Assets142172173154126183182185176151
Total Assets 425373301563492578670654660606

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1716638-1649-19637719373
PBT -54-295-38-84-475-21-11-13
Adjustment 3114926262334353333
Changes in Working Capital 1938123-4107-171-2577153
Tax Paid 0000000000
Cash Flow From Investing Activity 00011-2-3-11-6-20-12
Capex 010-1-2-3-11-6-20-13
Net Investments 0000000000
Others 00012000001
Cash Flow From Financing Activity -174-66-3810-41196-28-68-72-61
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -44-60000000
Interest Paid -26-9-5-8-8-5-16-18-15-15
Dividend Paid 0000000000
Others -144-61-2717-33201-12-50-57-45
Net Cash Flow -21-156-3-2-410
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/A-190.45-109.96N/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/A-51.59-73.76N/AN/AN/AN/AN/A
Asset Turnover Ratio0.861.11.220.690.890.750.750.860.921.02
PAT to CFO Conversion(x)N/AN/A7.6N/AN/AN/A7.4N/AN/AN/A
Working Capital Days
Receivable Days13101217986996
Inventory Days221138811017598142146140129
Payable Days256315377482304352340313348337

SBEC Sugar Ltd Stock News

SBEC Sugar Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SBEC Sugar on 28-Mar-2024 16:01 is ₹37.50.
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 SBEC Sugar stood at ₹179.7.
The latest P/E ratio of SBEC Sugar as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of SBEC Sugar as of 28-Mar-2024 16:01 is -2.17.
The 52-week high of SBEC Sugar is ₹52.50 and the 52-week low is ₹30.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SBEC Sugar is ₹624.7 ( Cr.) .

About SBEC Sugar Ltd

Modi Sugar represents the sugar business of the renowned Umesh Modi Group of India, a leading conglomerate specialising in pharmaceuticals, colours and cosmetics, iron and steel, automobiles, writing instruments, aviation, telecom, rubber, distillery and sugar. Sugar has been the oldest business of the Group since 1932.

The group has two sugar plants, Modi Sugar Mills (established in 1932) and SBEC Sugar. Building upon past experience and incorporating the most modern technology, led to the formation of another plant named as, SBEC Sugar Ltd. (SBEC). Located at Baraut in Uttar Pradesh, SBEC is promoted by Umesh Modi Group and SBEC Systems Ltd., UK.

SBEC Sugar Limited was incorporated on May 3, 1991 in the name and style of Modi Sugar Limited under the Companies Act, 1956. It was originally promoted by UK Modi and Associates to set up a sugar project of 2,500 TCD.

SBEC has access to cutting-edge technology in sugar manufacturing while the promoter company SBEC System Ltd. is a global player in project design, engineering and consultancy.

SBEC Sugar has commenced production of high quality white crystal sugar at its plant located in the heart of the sugar-cane belt of Western UP. The unit has an installed capacity of 60,000 tonnes of sugar per annum which will increase to 100,000 tonnes per annum in the second year of operation. The plant proposes to meet its entire power needs through captive generation. It incorporates a technologically intensive effluent treatment and disposal system, conforming to the most stringent environmental norms. In a trailblazing effort, the company is marketing its high quality ‘branded’ sugar in an array of innovative packaging solutions. This is supported by an extensive national multi-media advertising campaign aimed at creating rapid product awareness and a strong brand identity in an effort to offer value added products to a very discerning and demanding consumers of today.

Product range of the company includes:

Engaged in manufacturing & marketing of sugar, pharmaceutical grade sugar and other speciality sugar products,e.g coffee sugar, half spoon low calorie sugar, quick dissolve sugar, flavoured sugar for tea, icing sugar for baking etc. The above products are available under the brand ‘Originale’ & ‘Modi’.

Achievements/ recognition:

  • An ISO 9001:2000 certified company
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