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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Andhra Sugars Ltd

About the Company - Andhra Sugars Ltd

The Andhra Sugars Ltd. is a Public Limited Listed company incorporated on 11/08/1947 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L15420AP1947PLC000326 and registration number is 000326. Currently company belongs to the Industry of Chemicals - Inorganic - Caustic Soda/Soda Ash. Company’s Total Operating Revenue is Rs. 1217.29 Cr. and Equity Capital is Rs. 27.11 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - OthersVenkatarayapuram, West Godavari District Tanuku Andhra Pradesh 534215investors@theandhrasugars.com
http://www.theandhrasugars.com
Management
NamePosition Held
Mr. P Narendranath ChowdaryChairman & Managing Director
Mr. Mullapudi NarendranathJoint Managing Director
Mr. Mullapudi ThimmarajaJoint Managing Director
Mr. P Achuta RamayyaJoint Managing Director
Mr. P S R V K Ranga RaoExecutive Director
Dr. P KotaiahIndependent Director
Mr. V S RajuIndependent Director
Mr. P A ChowdaryIndependent Director
Dr.(Mrs.) D ManjulataIndependent Director
Mr. P Venkateswara RaoIndependent Director

Andhra Sugars Ltd. Share Price Update

Share PriceValue
Today₹111.10
Previous Day₹113.10

Basic Stock Data of Andhra Sugars Ltd

Market Cap 1,475 Cr.
Current Price 109
High / Low129/100.0
Stock P/E17.8
Book Value 114
Dividend Yield1.86 %
ROCE16.0 %
ROE12.6 %
Face Value 2.00

Data Source: screener.in

Competitors of Andhra Sugars Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tamil Nadu Petro Products Ltd 912 Cr. 101114/68.414.7 93.61.48 %15.1 %11.8 % 10.0
Hindcon Chemicals Ltd 308 Cr. 60.269.7/15.353.6 9.070.17 %14.3 %10.6 % 2.00
S H Kelkar & Company Ltd (SHK) 2,810 Cr. 203226/81.629.9 82.51.00 %8.04 %6.66 % 10.0
Navin Fluorine International Ltd 15,761 Cr. 3,1794,950/3,00153.5 4570.22 %20.4 %18.2 % 2.00
SRF Ltd 69,818 Cr. 2,3552,637/2,04047.3 3660.30 %22.4 %22.8 % 10.0
Industry Average261.2 Cr73.8439.8201.630.63%16.05%14.01%6.8

Andhra Sugars Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales390356403414471509568660610559539492518
Expenses330316347356420445479557539493486452490
Operating Profit604057585164891037166534028
OPM %15%11%14%14%11%13%16%16%12%12%10%8%5%
Other Income813212536233113358816
Interest7575333111100
Depreciation15151615161617161717171819
Profit before tax463355626869101985754442925
Tax %24%21%8%17%15%19%21%22%29%25%23%26%21%
Net Profit35265152585680764040342220
EPS in Rs2.431.853.623.764.164.085.875.552.882.902.381.551.38

Andhra Sugars Ltd Quarterly Chart

Andhra Sugars Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1431,2321,0991,1071,2581,2791,3081,3761,4771,5091,9622,3682,108
Expenses9301,0139461,0421,1001,0601,0961,0731,1991,2931,7002,0601,920
Operating Profit21422015365159218212303279216262308188
OPM %19%18%14%6%13%17%16%22%19%14%13%13%9%
Other Income24-36132026446244431162537
Interest242422242927333129271342
Depreciation48515442565155556261647671
Profit before tax165142831293167168278231170300253152
Tax %31%36%32%92%39%25%29%31%9%17%18%25%
Net Profit1159057156125119192211141246191115
EPS in Rs8.066.173.81-0.363.558.968.6014.0614.999.9617.8713.728.21
Dividend Payout %20%23%26%-167%28%22%23%14%27%20%22%15%

Andhra Sugars Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-21.74%-36.67%-98.25%5500.00%123.21%-4.80%61.34%9.90%-33.18%74.47%-22.36%
Change in YoY Net Profit Growth (%)0.00%-14.93%-61.58%5598.25%-5376.79%-128.01%66.14%-51.45%-43.07%107.64%-96.83%

Andhra Sugars Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:13%
3 Years:17%
TTM:-10%
Compounded Profit Growth
10 Years:7%
5 Years:12%
3 Years:0%
TTM:-55%
Stock Price CAGR
10 Years:21%
5 Years:13%
3 Years:23%
1 Year:-10%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:14%
Last Year:13%

Andhra Sugars Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital27272727272727272727272727
Reserves5476096426227569069601,1041,1261,2701,4911,5141,522
Borrowings338279293336274369255301261159552417
Other Liabilities453484520465358415390427393422465470453
Total Liabilities1,3651,3981,4821,4491,4151,7161,6321,8591,8081,8792,0392,0352,019
Fixed Assets568577541527511658650700711716712806784
CWIP89262161309858325271125179
Investments109113129114208358261356267366409307343
Other Assets680700786787635671623745798745847797712
Total Assets1,3651,3981,4821,4491,4151,7161,6321,8591,8081,8792,0392,0352,019

Andhra Sugars Ltd Reserves and Borrowings Chart

Andhra Sugars Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 881648929178245202114181253175286
Cash from Investing Activity -54-49-56-44-71-259-17-133-15-141-26-204
Cash from Financing Activity -38-107-3516-11324-17523-167-132-149-91
Net Cash Flow-37-22-610114-1-210-10

Andhra Sugars Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days454445484453494953534536
Inventory Days231212307258200194173282250208171125
Days Payable191224191846272829413324
Cash Conversion Cycle257244328287227201195304274220182137
Working Capital Days113106132146110929512011912610677
ROCE %20%19%10%3%11%15%14%21%16%13%19%16%

Andhra Sugars Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Andhra Sugars Ltd ROCE Trend

Andhra Sugars Ltd EPS Trend

Andhra Sugars Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)13.7217.8749.7974.9270.27
Diluted EPS (Rs.)13.7217.8749.7974.9270.27
Cash EPS (Rs.)18.4917.1165.0598.9682.44
Book Value[Excl.RevalReserv]/Share (Rs.)120.83118.98512.09456.32446.13
Book Value[Incl.RevalReserv]/Share (Rs.)120.83118.98512.09456.32446.13
Revenue From Operations / Share (Rs.)174.66144.72556.66544.99507.70
PBDIT / Share (Rs.)24.1722.0789.11117.00125.56
PBIT / Share (Rs.)19.2217.3566.5393.98105.11
PBT / Share (Rs.)18.1316.3953.1383.4793.86
Net Profit / Share (Rs.)13.5412.3942.4675.9461.98
NP After MI And SOA / Share (Rs.)13.7217.8749.7874.9170.26
PBDIT Margin (%)13.8315.2416.0021.4624.73
PBIT Margin (%)11.0011.9811.9517.2420.70
PBT Margin (%)10.3811.329.5415.3118.48
Net Profit Margin (%)7.758.567.6213.9312.20
NP After MI And SOA Margin (%)7.8512.348.9413.7413.83
Return on Networth / Equity (%)12.0515.9410.4017.6016.84
Return on Capital Employeed (%)14.2112.9811.1916.5417.92
Return On Assets (%)9.1311.887.1811.2310.24
Long Term Debt / Equity (X)0.000.010.030.110.15
Total Debt / Equity (X)0.010.030.050.150.21
Asset Turnover Ratio (%)1.290.690.560.610.60
Current Ratio (X)4.324.033.283.263.07
Quick Ratio (X)2.271.971.701.601.48
Inventory Turnover Ratio (X)3.090.920.730.801.23
Dividend Payout Ratio (NP) (%)0.0014.790.0040.0414.23
Dividend Payout Ratio (CP) (%)0.0011.700.0030.6211.02
Earning Retention Ratio (%)0.0085.210.0059.9685.77
Cash Earning Retention Ratio (%)0.0088.300.0069.3888.98
Interest Coverage Ratio (X)88.4523.089.0311.1311.16
Interest Coverage Ratio (Post Tax) (X)53.5413.965.668.236.51
Enterprise Value (Cr.)1526.342187.67924.92688.141209.50
EV / Net Operating Revenue (X)0.641.120.610.460.87
EV / EBITDA (X)4.667.313.832.173.55
MarketCap / Net Operating Revenue (X)0.611.060.520.320.68
Retention Ratios (%)0.0085.200.0059.9585.76
Price / BV (X)0.951.370.600.410.83
Price / Net Operating Revenue (X)0.611.060.520.320.68
EarningsYield0.120.110.170.410.20

Andhra Sugars Ltd Profitability Ratios (%)

Andhra Sugars Ltd Liquidity Ratios

Andhra Sugars Ltd Liquidity Ratios (%)

Andhra Sugars Ltd Interest Coverage Ratios (X)

Andhra Sugars Ltd Valuation Ratios

Fair Value / Intrinsic Value of Andhra Sugars Ltd

Fair Value: ₹260.43

The stock is undervalued by 138.93% compared to the current price ₹109

*Investments are subject to market risks

Strength and Weakness of Andhra Sugars Ltd

StrengthWeakness
  1. The company has higher reserves (1,005.31 cr) compared to borrowings (227.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.15 cr) and profit (170.31 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 60.44 and average Dividend Yield of 14.57%.
  2. The stock has a low average ROCE of 14.75%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 111.83, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 238.00, which may not be favorable.

Should I Buy Andhra Sugars Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Andhra Sugars Ltd:
    1. Net Profit Margin: 7.75%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.21% (Industry Average ROCE: 16.76%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 53.54
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 2.27
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 17.8 (Industry average Stock P/E: 36.9)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.01
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Andhra Sugars Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE