Is Indian Sucrose a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Sucrose Ltd is a good quality company .

Is Indian Sucrose undervalued or overvalued?

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

What is Indian Sucrose share price return in the past 10 years?

Indian Sucrose Ltd share price has appreciated 31.3% annually (CAGR) over the past ten years.

Is Indian Sucrose a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indian Sucrose Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Indian Sucrose Ltd - Stock Valuation and Financial Performance

Name: Indian Sucrose
Brand: Indian Sucrose

BSE: 500319 | NSE: OSWALSUG | Sugar | Small Cap

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Indian Sucrose Share Price

₹108.60 -10.20 -8.59%
as on 20-Dec'24 16:59

10 Year X-Ray of Indian Sucrose:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	2.9%	10%	21.1%	8.5%	10.1%	17.3%	17.5%	18.4%	18.2%	17.2%	-
Value Creation Index ⓘ	-0.8	-0.3	0.5	-0.4	-0.3	0.2	0.3	0.3	0.3	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	212	283	386	419	363	532	431	443	452	529	508
Sales YoY Gr.	-	33.5%	36.4%	8.6%	-13.4%	46.6%	-19.1%	2.8%	2%	17%	-
Adj EPS ⓘ	-6.1	3.9	19.3	9	2.8	7.9	14.5	21.9	17.3	18.9	19.2
YoY Gr.	-	NA	398.7%	-53.2%	-68.8%	181.6%	82.1%	51.2%	-21%	9.6%	-
BVPS (₹) ⓘ	28.7	32.6	56.1	58.7	55.6	57.8	71.9	88.9	104.6	123.4	123.1
Adj Net Profit ⓘ	-9.4	6	29.8	14	4.4	12.3	22.4	37.3	30	32.9	33
Cash Flow from Ops. ⓘ	8.1	28.5	-33	87.1	34.9	155	-52.6	86.6	47.3	55.7	-
Debt/CF from Ops. ⓘ	23.4	7.9	-7.2	2.6	5.2	1	-3.9	2.1	4.7	3.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.7%	7.8%	7.1%	17%
Adj EPS ⓘ	NA	46.4%	9.4%	9.6%
BVPSⓘ	17.6%	17.3%	19.8%	18%
Share Price	31.3%	43.9%	34.6%	32.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-17.6	11	41.4	15.8	5	14.1	22.4	28.4	18	16.6	15.6
Op. Profit Mgn % ⓘ	6.7	11.9	16.8	8.5	7.3	9.5	12.2	13.3	14.4	13.1	13.7
Net Profit Mgn % ⓘ	-4.4	2.1	7.7	3.3	1.2	2.3	5.2	8.4	6.7	6.2	6.6
Debt to Equity ⓘ	3.7	3.9	2.7	2.5	2.1	1.7	1.8	1.2	1.2	1	0.1
Working Cap Days ⓘ	351	251	217	238	302	213	252	245	257	245	156
Cash Conv. Cycle ⓘ	195	157	155	132	115	36	69	94	103	84	27

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.97

Return on Equity has declined versus last 3 years average to 15.60%

Sales growth has been subdued in last 3 years 7.08%

Net Profit has been subdued in last 3 years 9.39%

Sales growth is not so good in last 4 quarters at -6.00%

Latest Financials - Indian Sucrose Ltd.

	Standalone	Consolidated
TTM EPS (₹)	19.2	-
TTM Sales (₹ Cr.)	508	-
BVPS (₹.) ⓘ	123.1	-
Reserves (₹ Cr.) ⓘ	197	-
P/BV ⓘ	0.88	-
PE ⓘ	5.66	-

From the Market
52 Week Low / High (₹)	75.30 / 166.80
All Time Low / High (₹)	2.70 / 166.80
Market Cap (₹ Cr.)	189
Equity (₹ Cr.)	17.4
Face Value (₹)	10
Industry PE ⓘ	28.8

Management X-Ray of Indian Sucrose:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

8.79

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

Valuation of Indian Sucrose

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Indian Sucrose

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	212	283	386	419	363	532	431	443	452	529
Operating Expenses ⓘ	198	249	321	383	336	481	378	384	387	460
Manufacturing Costs	14	14	15	20	23	27	26	31	42	41
Material Costs	173	225	295	348	271	410	336	314	323	391
Employee Cost	7	6	8	9	10	11	11	12	14	15
Other Costs ⓘ	4	4	3	6	32	34	6	27	9	12
Operating Profit ⓘ	14	34	65	36	27	51	53	59	65	69
Operating Profit Margin (%)	6.7%	11.9%	16.8%	8.5%	7.3%	9.5%	12.2%	13.3%	14.3%	13.0%
Other Income ⓘ	1	1	6	6	11	2	4	7	11	14
Interest ⓘ	16	18	19	14	21	25	18	19	25	27
Depreciation ⓘ	8	8	7	7	8	8	8	7	8	11
Exceptional Items ⓘ	0	0	0	-8	0	0	0	0	0	0
Profit Before Tax ⓘ	-9	8	45	13	8	19	31	40	42	44
Tax ⓘ	0	2	15	5	4	7	8	3	12	12
Profit After Tax	-9	6	30	8	4	12	22	37	30	33
PAT Margin (%)	-4.1%	2.1%	7.7%	2.0%	1.2%	2.3%	5.2%	8.4%	6.6%	6.2%
Adjusted EPS (₹)	-5.7	3.9	19.4	5.4	2.8	8.0	14.5	21.9	17.3	18.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	51	57	87	91	86	89	111	152	182	214
Share Capital ⓘ	22	22	15	15	15	15	15	17	17	17
Reserves ⓘ	29	35	71	75	70	74	95	134	164	197
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	180	200	227	216	180	91	197	164	211	194
Long Term Debt	27	47	28	31	32	60	61	53	42	31
Short Term Debt	153	153	199	185	148	30	137	112	168	164
Trade Payables	51	23	13	71	183	174	125	129	132	111
Others Liabilities ⓘ	29	52	61	43	30	100	58	62	57	70
Total Liabilities ⓘ	311	331	387	421	479	454	491	507	581	590
Fixed Assets
Gross Block	155	158	160	197	206	212	215	220	332	341
Accumulated Depreciation	72	80	86	90	97	106	113	120	128	138
Net Fixed Assetsⓘ	83	77	74	107	108	106	102	100	204	203
CWIP ⓘ	0	0	0	21	25	35	60	91	1	2
Investmentsⓘ	2	2	8	8	3	2	1	1	0	0
Inventories	154	164	193	174	241	215	191	190	215	195
Trade Receivables	7	14	16	22	38	50	74	73	54	68
Cash Equivalents	22	49	21	14	14	17	27	20	32	20
Others Assetsⓘ	45	24	75	76	50	28	36	31	74	102
Total Assets ⓘ	311	331	387	421	479	454	491	507	581	590

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	8	29	-33	87	35	155	-53	87	47	56
PBT ⓘ	-9	8	45	13	8	12	22	40	42	44
Adjustment ⓘ	24	26	27	26	26	33	29	19	23	26
Changes in Working Capital ⓘ	-7	-2	-94	55	1	110	-104	38	2	-11
Tax Paid ⓘ	0	-3	-10	-7	0	0	0	-11	-20	-4
Cash Flow From Investing Activity ⓘ	-3	-2	-9	-70	-10	-35	-40	-36	-54	-29
Capex	-4	-3	-4	-70	-13	-31	-37	-37	-22	-11
Net Investments	0	0	0	0	2	-4	0	0	0	0
Others ⓘ	0	0	-5	0	1	0	-3	1	-32	-18
Cash Flow From Financing Activityⓘ	-3	1	18	-24	-24	-121	88	-39	18	-41
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	4	1	0
Net Proceeds from Borrowing ⓘ	0	0	-1	3	-4	-100	0	1	-14	-10
Interest Paid ⓘ	-16	-18	-19	-14	-21	-21	-18	-19	-25	-27
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	13	20	39	-14	0	0	106	-25	56	-5
Net Cash Flow ⓘ	1	28	-23	-7	0	-1	-4	12	11	-15

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-18.85	12.62	43.66	9.44	4.95	14.05	22.38	28.41	18.01	16.53
ROCE (%)	2.94	10.01	21.06	8.53	10.08	17.34	17.48	18.36	18.23	17.2
Asset Turnover Ratio	0.68	0.92	1.14	1.05	0.81	1.14	0.91	0.89	0.83	0.9
PAT to CFO Conversion(x)	N/A	4.83	-1.1	10.88	8.75	12.92	-2.41	2.35	1.57	1.7
Working Capital Days
Receivable Days	20	13	13	16	30	30	52	61	52	42
Inventory Days	250	196	160	157	208	156	172	157	163	141
Payable Days	91	60	22	44	171	159	162	147	147	113

Indian Sucrose Ltd Stock News

Indian Sucrose Ltd FAQs

What is the share price of Indian Sucrose?

Company share prices are keep on changing according to the market conditions. The closing price of Indian Sucrose on 20-Dec-2024 16:59 is ₹108.6.

What is the market cap of Indian Sucrose?

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 20-Dec-2024 16:59 the market cap of Indian Sucrose stood at ₹188.7.

What is the P/E ratio of Indian Sucrose?

The latest P/E ratio of Indian Sucrose as of 20-Dec-2024 16:59 is 5.66.

What is the P/B ratio of Indian Sucrose?

The latest P/B ratio of Indian Sucrose as of 20-Dec-2024 16:59 is 0.88.

What is the 52-week high and low of Indian Sucrose?

The 52-week high of Indian Sucrose is ₹166.8 and the 52-week low is ₹75.30.

What is the TTM revenue of Indian Sucrose?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Sucrose is ₹508.2 ( Cr.) .

About Indian Sucrose Ltd

Indian Sucrose was incorporated as a public company on December 12, 1990. It was promoted jointly by Punjab Agro Industries Corporation (PAIC) and Mukerian Papers. The company manufactures white crystal sugar in India. In 2005, Indian Sucrose acquired Cosmos Industries, Dhuri. The companyâ€™s plant and registered office are located at Mukeriari, Punjab and D. P. Singh is its chairman.

Indian Sucrose`s carbon credit project has successfully been registered with UNFCCC (United Nations Framework Convention on Climate Change) on March 16, 2007. With this, the company entered into the list of few successfully registered CDM projects in India and now is eligible to accrue and sell the carbon credits.

The securities of the company have been delisted from the Bangalore Stock Exchange with effect from July 09, 2007.

Business areas of the company:

The companyâ€™s principal activity is to manufacture and exports White Crystal Sugar and its allied by product Mollases, Bagasse, Alcohol and other Chemicals extracted from Sugar, also Manures, Breweries, Distilleries and manufacturers of all kinds of Preserved food, Sauces, Jams, Alcoholic and Non Alcoholic Drinks and Pharmaceuticals, Sugar Cane, Sugar Beet and other Agricultural Products.

Milestones:

1990 -The company was incorporated as a public limited Company on 12th December, and the Certificate of Commencement of business was obtained on 18th December. It was originally promoted jointly by Punjab Aro Industries Corporation (PAIC) and Mukerian Papers. Subsequently Mukerian Papers its nominee Companies including Malwa Cotton Spinning Mills and Punjab Woolcomber took over the Control of the Company.
1992 - The Company had set up a plant for the manufacture of white crystal sugar with an installed capacity of 2500 TCD, expandable upto 3500 TCD at Punjab. The plant had also certain additional facilities like co-generation of power to the extent of 6.6 M.W. Commercial production was commenced from 1st November.
1993 - Sales amounted to Rs 37.40 crores. The production of sugar was 22,282 tonnes at an average recovery of 8.89%.
1994 - Sales decreased to Rs 29.56 crores due to low capacity utilisation on account of less availability of sugarcane and market depression due to large scale import of sugar. Production during the year amounted to 23,640 tonnes at an average recovery of 8.96%. The Company proposed to increase the sugar plant capacity to3,500 TCD by modification in the existing plant and was also planning for forward integration by setting up a plant for manufacturing of Ethyl Alcohol from Molasses.
1995 -Sales increased to Rs 39.57 crores. Production amounted to 36,805 tonnes in 146 crushing days. The overall performance of the Company was severely affected due to increase in input cost and decrease in selling price of finished products.
1996 -The company produced 49,998 tonnes of sugar in 209 crushing days.
2005- Delist securities from the Ahmedabad Stock Exchange (ASE) with effect from July 11, 2005.Indian Sucrose acquires Cosmos Industries Ltd, Dhuri