Gayatri Sugars Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 12:55 am

Market Cap	98.0 Cr.
Current Price	15.0
High / Low	27.9/14.5
Stock P/E
Book Value	20.0
Dividend Yield	0.00 %
ROCE	93.2 %
ROE	%
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Gayatri Sugars Ltd	98.0 Cr.	15.0	27.9/14.5		20.0	0.00 %	93.2 %	%	10.0
Dhampure Speciality Sugars Ltd	99.4 Cr.	125	142/75.7	67.6	35.6	0.00 %	3.15 %	3.78 %	10.0
Dhampur Bio Organics Ltd	793 Cr.	119	164/112	75.4	146	2.09 %	5.02 %	3.67 %	10.0
DCM Shriram Industries Ltd	1,658 Cr.	191	242/150	13.6	100	1.05 %	16.1 %	14.9 %	2.00
Davangere Sugar Company Ltd	525 Cr.	5.58	11.5/5.01	42.4	3.64	0.00 %	6.86 %	3.75 %	1.00
Industry Average	2,316.78 Cr	312.16		30.81	224.52	0.65%	13.00%	13.21%	6.37

All Competitor Stocks of

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	7	75	225	50	12	99	227	58	19	76	225	20	12
Expenses	15	73	190	55	21	91	183	61	29	65	184	29	23
Operating Profit	-8	3	34	-4	-8	9	44	-4	-10	11	40	-10	-12
OPM %	-128%	4%	15%	-9%	-69%	9%	19%	-6%	-52%	14%	18%	-49%	-102%
Other Income	0	0	0	0	0	0	26	0	0	0	0	0	0
Interest	7	7	6	8	7	8	1	6	6	8	5	6	8
Depreciation	3	3	3	3	2	2	2	2	2	2	2	2	2
Profit before tax	-18	-7	26	-15	-17	-1	67	-11	-17	1	34	-18	-21
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-18	-7	26	-15	-17	-1	67	-11	-17	1	34	-18	-21
EPS in Rs	-4.05	-1.49	6.06	-3.42	-3.96	-0.16	15.40	-2.48	-2.91	0.20	5.19	-2.73	-3.29

Last Updated: November 6, 2024, 6:40 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	187	197	231	241	242	251	312	280	248	361	388	377	339
Expenses	164	186	247	224	202	208	298	274	241	334	349	340	308
Operating Profit	23	11	-16	17	40	43	14	7	7	27	40	38	32
OPM %	12%	6%	-7%	7%	16%	17%	4%	2%	3%	7%	10%	10%	9%
Other Income	0	0	-13	3	2	0	0	0	0	0	26	0	0
Interest	23	22	22	23	21	20	24	24	26	25	24	24	25
Depreciation	13	13	11	10	10	10	10	10	10	10	8	7	7
Profit before tax	-14	-23	-62	-14	11	13	-19	-28	-28	-8	34	7	0
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-14	-23	-62	-14	11	13	-19	-28	-28	-8	34	7	0
EPS in Rs	-3.09	-5.23	-14.27	-3.09	2.43	2.97	-4.46	-6.34	-6.51	-1.93	7.85	1.09	-0.25
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-64.29%	-169.57%	77.42%	178.57%	18.18%	-246.15%	-47.37%	0.00%	71.43%	525.00%	-79.41%
Change in YoY Net Profit Growth (%)	0.00%	-105.28%	246.98%	101.15%	-160.39%	-264.34%	198.79%	47.37%	71.43%	453.57%	-604.41%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	4%
3 Years:	15%
TTM:	-18%

Compounded Profit Growth
10 Years:	9%
5 Years:	19%
3 Years:	31%
TTM:	-132%

Stock Price CAGR
10 Years:	19%
5 Years:	79%
3 Years:	58%
1 Year:	-35%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:38 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	44	44	44	44	44	44	44	44	44	44	44	65	67
Reserves	-36	-58	-123	-137	-126	-114	-138	-167	-197	-206	-168	-157	-197
Borrowings	157	175	188	236	207	192	161	155	202	185	152	131	142
Other Liabilities	115	147	180	132	74	125	206	165	133	184	169	150	150
Total Liabilities	280	308	289	276	200	247	273	197	183	206	197	190	163
Fixed Assets	162	154	137	130	121	114	107	96	86	90	94	92	88
CWIP	2	3	0	0	0	2	0	0	1	0	0	0	2
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	115	151	152	145	78	131	166	101	96	117	103	98	73
Total Assets	280	308	289	276	200	247	273	197	183	206	197	190	163

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	29	9	9	-7	36	37	34	26	15	55	43	24
Cash from Investing Activity +	-3	-5	-0	-3	-1	-4	-3	1	-1	-15	-11	-4
Cash from Financing Activity +	-22	-2	-8	2	-28	-32	-39	-27	-15	-41	-33	-19
Net Cash Flow	4	2	1	-8	7	1	-8	-0	-1	-1	0	0

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-134.00	-164.00	-204.00	-219.00	-167.00	-149.00	-147.00	-148.00	-195.00	-158.00	-112.00	-93.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	6	9	17	8	24	13	33	16	33	39	13	16
Inventory Days	219	324	220	282	93	212	184	125	112	87	96	68
Days Payable	166	238	214	186	23	98	184	108	143	173	142	98
Cash Conversion Cycle	58	94	23	104	93	127	32	34	2	-47	-33	-14
Working Capital Days	10	-11	-78	-21	-28	-60	-61	-91	-49	-65	-58	-22
ROCE %	6%	-1%	-20%	6%	22%	27%	4%	-7%	-7%	47%	129%	93%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	57.30%	57.30%	57.30%	54.63%	54.63%	54.63%	54.63%	59.59%	53.83%	53.83%	53.83%	51.77%
Public	42.70%	42.70%	42.70%	45.38%	45.37%	45.37%	45.36%	40.42%	46.18%	46.18%	46.18%	48.22%
No. of Shareholders	17,995	17,685	17,396	17,329	17,685	17,797	17,421	16,651	19,490	24,220	31,794	32,980

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.93	7.85	-1.93	-6.51	-6.34
Diluted EPS (Rs.)	0.57	4.05	-1.93	-6.51	-6.34
Cash EPS (Rs.)	2.12	9.68	0.46	-4.16	-3.98
Book Value[Excl.RevalReserv]/Share (Rs.)	-14.53	-29.20	-37.12	-35.02	-28.17
Book Value[Incl.RevalReserv]/Share (Rs.)	-14.53	-29.20	-37.12	-35.02	-28.17
Revenue From Operations / Share (Rs.)	58.20	88.86	82.54	56.72	64.47
PBDIT / Share (Rs.)	5.87	9.23	6.26	1.73	1.54
PBIT / Share (Rs.)	4.84	7.40	3.86	-0.62	-0.82
PBT / Share (Rs.)	1.09	7.85	-1.93	-6.51	-6.34
Net Profit / Share (Rs.)	1.09	7.85	-1.93	-6.51	-6.34
PBDIT Margin (%)	10.07	10.38	7.58	3.04	2.39
PBIT Margin (%)	8.31	8.33	4.68	-1.09	-1.27
PBT Margin (%)	1.86	8.83	-2.33	-11.48	-9.84
Net Profit Margin (%)	1.86	8.83	-2.33	-11.48	-9.84
Return on Networth / Equity (%)	-7.47	-26.89	0.00	0.00	0.00
Return on Capital Employeed (%)	72.91	-157.32	-20.73	3.81	8.85
Return On Assets (%)	3.70	17.41	-4.08	-15.57	-14.04
Long Term Debt / Equity (X)	-0.69	-0.40	-0.20	-0.22	-0.30
Total Debt / Equity (X)	-1.08	-0.86	-0.88	-0.67	-0.86
Asset Turnover Ratio (%)	1.95	1.93	1.85	1.30	1.20
Current Ratio (X)	0.60	0.44	0.40	0.37	0.42
Quick Ratio (X)	0.26	0.10	0.18	0.14	0.10
Inventory Turnover Ratio (X)	3.88	4.28	4.32	2.53	1.77
Interest Coverage Ratio (X)	1.56	1.69	1.08	0.29	0.27
Interest Coverage Ratio (Post Tax) (X)	1.29	1.35	0.66	-0.10	-0.14
Enterprise Value (Cr.)	252.12	164.65	194.22	151.23	148.27
EV / Net Operating Revenue (X)	0.66	0.42	0.53	0.61	0.52
EV / EBITDA (X)	6.63	4.08	7.10	20.06	21.95
MarketCap / Net Operating Revenue (X)	0.32	0.03	0.03	0.03	0.01
Price / BV (X)	-1.29	-0.10	-0.07	-0.05	-0.01
Price / Net Operating Revenue (X)	0.32	0.03	0.03	0.03	0.01
EarningsYield	0.05	2.56	-0.71	-3.50	-12.69

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 45.90

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 206.00% compared to the current share price 15.00

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of as of December 21, 2024 is: 68.23

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 354.87% compared to the current share price 15.00

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 48.66%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 24.92%, which is a positive sign. The stock has a low average Working Capital Days of -44.50, which is a positive sign.	The stock has a high average Cash Conversion Cycle of 39.42, which may not be favorable. The company has higher borrowings (175.62) compared to reserves (-140.31), which may suggest financial risk. The company has not shown consistent growth in sales (281.08) and profit (-10.08).

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 1.86%
  - 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: 72.91% (Industry Average ROCE: 13%)
  - 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. ROE%: -7.47% (Industry Average ROE: 13.21%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.29
  - 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.
5. Quick Ratio: 0.26
  - 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.
6. Stock P/E: 0 (Industry average Stock P/E: 30.81)
  - 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.
7. Total Debt / Equity: -1.08
  - 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Gayatri Sugars Ltd. is a Public Limited Listed company incorporated on 15/06/1995 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L15421TG1995PLC020720 and registration number is 020720. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company’s Total Operating Revenue is Rs. 360.70 Cr. and Equity Capital is Rs. 43.70 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Sugar	B2, 2nd Floor, 6-3-1090, TSR Towers, Rajbhvan Road, Hyderabad Telangana 500082	gayatrisugars@gmail.com http://www.gayatrisugars.com

Management
Name	Position Held
Mrs. T Indira Subbarami Reddy	Chairperson & Director
Mr. T V Sandeep Kumar Reddy	Vice Chairman & Director
Mrs. T Sarita Reddy	Managing Director
Mr. T R Rajagopalan	Independent Director
Mr. Raghuraj Suresh Bhalerao	Independent Director
Mr. P V Narayana Rao	Independent Director
Mr. C V Rayudu	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹45.90, which is 206.00% higher than the current market price of ₹15.00. The stock has a market capitalization of 98.0 Cr. and recorded a high/low of 27.9/14.5 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹-197 Cr and total liabilities of ₹163 Cr.

What is the Market Cap of ?

The Market Cap of is 98.0 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 15.0.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 27.9/14.5.

What is the Stock P/E of ?

The Stock P/E of is .

What is the Book Value of ?

The Book Value of is 20.0.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 93.2 %.

What is the ROE of ?

The ROE of is %.

What is the Face Value of ?

The Face Value of is 10.0.