The Ugar Sugar Works Ltd Stock Analysis

BSE: 530363 | NSE: UGARSUGAR | Sugar | Small Cap

BSE Share Price Aug 12, 18:03
57.30 -2.40 (-4.02%)

DeciZen - Make an Informed Decision on Ugar Sugar Works

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Ugar Sugar Works Price Chart

P/E Ratio (SA) :
9.78
Market Cap :
644.6 Cr.
52-wk low :
25.3
52-wk high :
86.5
Bole Toh?

1. Is The Ugar Sugar Works Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that The Ugar Sugar Works Ltd is a below average quality company.

2. Is The Ugar Sugar Works Ltd undervalued or overvalued?

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

3. Is The Ugar Sugar Works Ltd a good buy now?

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

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.
The Ugar Sugar Works Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 9.5%8.7%-1.6%2.3%9.8%11.2%-9.6%5.5%7.3%7.4%-
Value Creation Index -0.3-0.4-1.1-0.8-0.3-0.2-1.7-0.6-0.5-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6577186426528375856507508709561,393
YoY Gr. Rt. %-9.2%-10.5%1.5%28.4%-30.1%11%15.4%16%9.8%-
Adj EPS 1.51.5-2.7-0.312.3-6.10.41.21.55.9
YoY Gr. Rt. %-3.4%-272.1%NANA130%-363.9%NA194.9%32.2%-
BVPS (₹) 910.37.77.48.110.144.65.77.111.2
Adj Net Profit 16.717.3-29.8-3.511.325.9-68.34.41317.166
Cash Flow from Ops. 52.8516475.2-38.5-12.636.9-46.444.6-77.8-
Debt/CF from Ops. 5.471.11.52.5-7.2-28.812.8-11.911.5-7.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.3%2.7%13.7%9.8%
Adj EPS 0.2%8.7%NA32.2%
BVPS -2.7-2.720.625
Share Price 14% 19.9% 65% 98.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 17.715.9-29.4-4.11325.3-85.9922.623.864.1
Op. Profit Mgn % 129.43.33.2611-3.36.67.87.18.9
Net Profit Mgn % 2.62.4-4.6-0.51.44.4-10.50.61.51.84.7
Debt to Equity 2.83.12.82.33.13.210.510.88.17.7-
Working Cap Days 2031992042021942642672912612420
Cash Conv. Cycle 11511511383801691831551371530

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 64.10%

Sales growth is growing at healthy rate in last 3 years 13.71%

Debt to equity has declined versus last 3 years average to 7.67

Sales growth is good in last 4 quarters at 26.45%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - The Ugar Sugar Works Ltd.

Standalone Consolidated
TTM EPS (₹) 5.9 5.9
TTM Sales (₹ Cr.) 1,393 1,393
BVPS (₹.) 11.2 11.3
Reserves (₹ Cr.) 115 116
P/BV 5.10 5.06
PE 9.78 9.78
From the Market
52 Week Low / High (₹) 25.30 / 86.50
All Time Low / High (₹) 0.86 / 86.50
Market Cap (₹ Cr.) 645
Equity (₹ Cr.) 11.3
Face Value (₹) 1
Industry PE 17.1

Management X-Ray of Ugar Sugar Works :

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

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Key Ratios of Ugar Sugar Works

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

News

About The Ugar Sugar Works Ltd

Ugar Sugar Works Ltd, established in 1939, is the flagship organization of the Shirgaokar Group of Companies, whose annual revenues exceed Rs 600 crore. The company has been involved in the manufacture of white crystal sugar for over 65 years. Currently, at its Ugar, Jewargi and Bagalkot plants, the compnany is crushing a total of 19,000 tcd of sugarcane daily.

About sixty years ago Ugar Khurd was a small hamlet in the erstwhile princely state of Sangli. The 500 TCD plant was purchased, installed and the first crushing season was started on the 21st of April, 1942.

After a succesful innings, the late V S Shirgaokar then passed on the reins of the group to his younger brother -- Shri Suresh Shirgaokar -- popularly known as ‘Babu Kaka’. Babu Kaka took the organization further ahead and it was under his able leadership that the crushing capacity of the company underwent further expansion(10,000 TCD). Presently, the crushing capacity of the organization is 19,000 TCD.(Ugar, Unit-Jewargi & Bagalkot)

Sooner than later, the company diversified its activities and started its own distillery in the year 1962-63 and then added the liquor section in the year 1967-68. The company produces high quality premium brands like Old Castle Whisky, Gokak Falls Whisky, US Rum, Doctors Brandy, Gagarin Vodka and the company's brands are well accepted by the market.

The company has setup a new distillery plant for producing 45,000 litres rectified spirit including 10,000 litres ENA per day during the year 1994-95 and this plant is running very successfully thereafter. This is in addition to the existing 30,000 litres per day old distillery plant.

The company further diversified and set up a first-in-its-kind-in India co-generation power plant of 44 MW. This was based on the principle of bagasse based renewable sources of energy used as fuel. Out of which 28 MW are being exported to the grid and the rest of the 16 MW are used for captive consumption.

The product range of the company includes:

The main product of the sugar manufacturing process is white crystal sugar. This white crystal sugar is manufactured in the grades of M-30. S-30 and SS-30.

Byproducts

  • Bagasse
  • Filter Cake
  • Final Molasses

Different divisions of the company:

  • Sugar
  • Power
  • Distillery
  • Confectionery

Group of companies -SB Reshellers Pvt Ltd, Sadashiva Sugars Ltd, Shantaram Mach. Pvt. Ltd, Ugar Quality Packaging Pvt. Ltd, Galaxy Machinery Pvt. Ltd, Ugar Consultancy Ltd, Tara Tiles Pvt Ltd, The Pavilion Hotel, iResearch Services

Awards / Achievements

  • National Safety Award 1984 for largest Accident free Period
  • S V Parthasarathy's Award for outstanding performance in sugar industry for the season 1984-85   
  • The company is an ISO 9001:2000& ISO 14001:1996 certified organization

Future Plans

Expansion plans will take Ugar sugar works to a crushing capacity of 30000 tcd in the season 2010-2011

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