Past 10 year's financial track record analysis by Moneyworks4me indicates that SBEC Sugar Ltd is a average quality company.
The key valuation ratios of SBEC Sugar Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -71.4% | 0% | -51.6% | -73.8% | -31.5% | 9.1% | -1.6% | 3.1% | 3.4% | 26.4% | - |
| Value Creation Index ⓘ | NA | NA | -4.7 | -6.3 | NA | -0.4 | NA | NA | NA | 0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 424 | 390 | 300 | 469 | 401 | 471 | 569 | 602 | 647 | 644 | 649 |
| Sales YoY Gr. | - | -8% | -23.1% | 56.6% | -14.5% | 17.4% | 20.8% | 5.8% | 7.4% | -0.5% | - |
| Adj EPS ⓘ | -6 | 1 | -7.9 | -17.7 | -10 | 1 | -4.4 | -2.2 | -2.7 | 1 | 0.9 |
| YoY Gr. | - | NA | -884.2% | NA | NA | NA | -539.6% | NA | NA | NA | - |
| BVPS (₹) ⓘ | -17.7 | -16.7 | 25 | 7.3 | -2.7 | -1.7 | -6.2 | -8.5 | -11.2 | -10.3 | -12.3 |
| Adj Net Profit ⓘ | -28.8 | 4.8 | -37.8 | -84.5 | -47.6 | 4.8 | -21.1 | -10.7 | -13.1 | 4.7 | 4 |
| Cash Flow from Ops. ⓘ | 66.2 | 37.9 | -16.1 | 48.5 | -196 | 37.2 | 70.7 | 92.9 | 73.3 | -6.2 | - |
| Debt/CF from Ops. ⓘ | 1 | 0.9 | -2.7 | 0.2 | -1.2 | 6.6 | 2.9 | 1.6 | 1.3 | -33.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.8% | 9.9% | 4.2% | -0.5% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | 19.4% | 49.8% | 38.2% | 35.2% | ||||
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 % ⓘ | 41.4 | -5.9 | -190.1 | -109.9 | -435.3 | -46.2 | 113.1 | 30.5 | 27.8 | -9.1 | -8.1 |
| Op. Profit Mgn % ⓘ | -5.7 | 2.1 | -4.1 | -12.6 | -6.2 | 8.3 | 2.5 | 3.7 | 3.1 | 7 | 7.6 |
| Net Profit Mgn % ⓘ | -6.8 | 1.2 | -12.6 | -18 | -11.9 | 1 | -3.7 | -1.8 | -2 | 0.7 | 0.7 |
| Debt to Equity ⓘ | -0.8 | -0.4 | 0.4 | 0.3 | -18.6 | -30.3 | -7 | -3.6 | -1.8 | -4.2 | - |
| Working Cap Days ⓘ | 279 | 246 | 318 | 194 | 246 | 289 | 272 | 258 | 228 | 227 | 37 |
| Cash Conv. Cycle ⓘ | -200 | -328 | -247 | -203 | -163 | -87 | -125 | -134 | -168 | -146 | -122 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 4.21%
Sales growth is not so good in last 4 quarters at 4.80%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.9 | -0.6 |
| TTM Sales (₹ Cr.) | 649 | 659 |
| BVPS (₹.) ⓘ | -12.3 | -10.5 |
| Reserves (₹ Cr.) ⓘ | -106 | -98 |
| P/BV ⓘ | -4.51 | -5.27 |
| PE ⓘ | 61.13 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 35.40 / 85.92 |
| All Time Low / High (₹) | 3.34 / 94.55 |
| Market Cap (₹ Cr.) | 265 |
| Equity (₹ Cr.) | 47.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 424 | 390 | 300 | 469 | 401 | 471 | 569 | 602 | 647 | 644 |
| Operating Expenses ⓘ | 448 | 382 | 312 | 528 | 426 | 432 | 555 | 580 | 627 | 599 |
| Manufacturing Costs | 19 | 19 | 20 | 25 | 29 | 29 | 35 | 47 | 45 | 43 |
| Material Costs | 412 | 347 | 272 | 481 | 375 | 375 | 493 | 500 | 551 | 517 |
| Employee Cost | 10 | 10 | 11 | 13 | 14 | 15 | 15 | 16 | 19 | 19 |
| Other Costs ⓘ | 8 | 7 | 9 | 9 | 8 | 12 | 11 | 17 | 12 | 20 |
| Operating Profit ⓘ | -24 | 8 | -12 | -59 | -25 | 39 | 14 | 22 | 20 | 45 |
| Operating Profit Margin (%) | -5.7% | 2.0% | -4.1% | -12.6% | -6.2% | 8.3% | 2.5% | 3.7% | 3.1% | 7.0% |
| Other Income ⓘ | 8 | 6 | 0 | 1 | 0 | 0 | 2 | 1 | 1 | 1 |
| Interest ⓘ | 9 | 5 | 8 | 8 | 5 | 16 | 18 | 15 | 15 | 22 |
| Depreciation ⓘ | 3 | 3 | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 19 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -29 | 5 | -38 | -84 | -47 | 5 | -21 | -11 | -13 | 5 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -29 | 5 | -38 | -84 | -47 | 5 | -21 | -11 | -13 | 5 |
| PAT Margin (%) | -6.8% | 1.3% | -12.6% | -18.0% | -11.8% | 1.1% | -3.7% | -1.8% | -2.0% | 0.7% |
| Adjusted EPS (₹) | -6.0 | 1.1 | -7.9 | -17.7 | -10.0 | 1.0 | -4.4 | -2.2 | -2.7 | 1.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | -85 | -79 | 119 | 35 | -13 | -8 | -29 | -41 | -53 | -49 |
| Share Capital ⓘ | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
| Reserves ⓘ | -132 | -127 | 71 | -13 | -61 | -56 | -77 | -88 | -101 | -97 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 58 | 25 | 43 | 10 | 211 | 198 | 148 | 92 | 50 | 207 |
| Long Term Debt | 8 | 2 | 37 | 1 | 175 | 171 | 108 | 55 | 7 | 38 |
| Short Term Debt | 50 | 23 | 6 | 9 | 36 | 27 | 40 | 37 | 43 | 169 |
| Trade Payables | 377 | 339 | 380 | 423 | 301 | 400 | 446 | 507 | 511 | 493 |
| Others Liabilities ⓘ | 23 | 17 | 21 | 24 | 79 | 80 | 89 | 102 | 98 | 59 |
| Total Liabilities ⓘ | 373 | 301 | 563 | 492 | 578 | 670 | 654 | 660 | 606 | 711 |
Fixed Assets | ||||||||||
| Gross Block | 118 | 119 | 356 | 358 | 358 | 370 | 376 | 381 | 406 | 405 |
| Accumulated Depreciation | 76 | 79 | 97 | 114 | 132 | 150 | 169 | 187 | 204 | 214 |
| Net Fixed Assetsⓘ | 43 | 40 | 260 | 244 | 226 | 220 | 208 | 194 | 202 | 191 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 3 | 2 | 2 | 18 | 4 | 6 |
| Investmentsⓘ | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 92 |
| Inventories | 128 | 54 | 112 | 82 | 133 | 234 | 220 | 243 | 216 | 252 |
| Trade Receivables | 11 | 15 | 13 | 11 | 7 | 8 | 20 | 8 | 12 | 16 |
| Cash Equivalents | 2 | 1 | 6 | 12 | 9 | 6 | 3 | 4 | 4 | 1 |
| Others Assetsⓘ | 172 | 173 | 154 | 126 | 183 | 182 | 185 | 176 | 152 | 153 |
| Total Assets ⓘ | 373 | 301 | 563 | 492 | 578 | 670 | 654 | 660 | 606 | 711 |
| 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 ⓘ | 66 | 38 | -16 | 49 | -196 | 37 | 71 | 93 | 73 | -6 |
| PBT ⓘ | -29 | 5 | -38 | -84 | -47 | 5 | -21 | -11 | -13 | 5 |
| Adjustment ⓘ | 14 | 9 | 26 | 26 | 23 | 34 | 35 | 33 | 33 | 41 |
| Changes in Working Capital ⓘ | 81 | 23 | -4 | 107 | -171 | -2 | 57 | 71 | 53 | -52 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 11 | -2 | -3 | -11 | -6 | -20 | -12 | -86 |
| Capex | 1 | 0 | -1 | -2 | -3 | -11 | -6 | -20 | -13 | -11 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -75 |
| Others ⓘ | 0 | 0 | 12 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Cash Flow From Financing Activityⓘ | -66 | -38 | 10 | -41 | 196 | -28 | -68 | -72 | -61 | 90 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 4 | -6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -9 | -5 | -8 | -8 | -5 | -16 | -18 | -15 | -15 | -22 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -61 | -27 | 17 | -33 | 201 | -12 | -50 | -57 | -45 | 112 |
| Net Cash Flow ⓘ | 1 | -1 | 5 | 6 | -3 | -2 | -4 | 1 | 0 | -2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | -190.45 | -109.96 | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | N/A | -51.59 | -73.76 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 1.1 | 1.22 | 0.69 | 0.89 | 0.75 | 0.75 | 0.86 | 0.92 | 1.02 | 0.98 |
| PAT to CFO Conversion(x) | N/A | 7.6 | N/A | N/A | N/A | 7.4 | N/A | N/A | N/A | -1.2 | Working Capital Days |
| Receivable Days | 10 | 12 | 17 | 9 | 8 | 6 | 9 | 9 | 6 | 8 |
| Inventory Days | 138 | 81 | 101 | 75 | 98 | 142 | 146 | 140 | 129 | 132 |
| Payable Days | 315 | 377 | 482 | 304 | 352 | 340 | 313 | 348 | 337 | 354 |
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:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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