Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Rajshree Sugars & Chemicals Ltd

Basic Stock Data

Last Updated: June 25, 2024, 10:24 pm

Market Cap 269 Cr.
Current Price 81.1
High / Low102/37.0
Stock P/E19.5
Book Value 80.0
Dividend Yield0.00 %
ROCE6.84 %
ROE5.33 %
Face Value 10.0
PEG Ratio0.22

Competitors of Rajshree Sugars & Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dhampure Speciality Sugars Ltd 74.6 Cr. 94.1116/42.075.4 33.60.00 %3.15 %3.78 % 10.0
Dhampur Bio Organics Ltd 996 Cr. 150189/11227.1 1521.67 %5.02 %3.67 % 10.0
Shree Renuka Sugars Ltd 10,964 Cr. 51.557.2/36.6 6.760.00 %10.1 %% 1.00
Magadh Sugar & Energy Ltd 1,085 Cr. 770866/4039.32 5290.91 %14.5 %16.8 % 10.0
Dharani Sugars & Chemicals Ltd 28.4 Cr. 8.558.70/8.27 59.40.00 %8.84 %% 10.0
Industry Average2,003.86 Cr316.8624.28213.790.74%10.29%12.40%6.43

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales12710511077175225185139218228213137186
Expenses10710910986132226179152158210185155158
Operating Profit20-41-944-16-13601828-1828
OPM %16%-4%1%-12%25%-0%3%-10%28%8%13%-13%15%
Other Income92109023211011
Interest-176555524345410
Depreciation6666666666666
Profit before tax41-15-9-2041-110-2153917-2823
Tax %2%0%0%0%1%0%0%0%56%0%0%0%32%
Net Profit40-15-9-2041-110-2123917-2816
EPS in Rs14.10-5.21-2.81-5.9612.24-3.440.07-6.397.062.575.18-8.374.77

Last Updated: June 9, 2024, 5:35 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 25, 2024, 8:48 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales841830574570667552399327364468767764
Expenses722766566532526518385319336436715708
Operating Profit119649381413414928325256
OPM %14%8%1%7%21%6%4%3%8%7%7%7%
Other Income661032324331012713
Interest797365657260585829221424
Depreciation343530262625252524242424
Profit before tax12-39-76-2146-27-65-70-16-32121
Tax %12%31%31%31%34%54%36%30%-6%-22%143%35%
Net Profit10-27-53-1430-13-42-49-17-3-914
EPS in Rs4.33-11.21-22.18-5.7410.67-4.47-14.85-17.52-5.95-0.96-2.714.15
Dividend Payout %0%0%0%0%9%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-370.00%-96.30%73.58%314.29%-143.33%-223.08%-16.67%65.31%82.35%-200.00%255.56%
Change in YoY Net Profit Growth (%)0.00%273.70%169.88%240.70%-457.62%-79.74%206.41%81.97%17.05%-282.35%455.56%

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:14%
3 Years:28%
TTM:0%
Compounded Profit Growth
10 Years:10%
5 Years:18%
3 Years:39%
TTM:232%
Stock Price CAGR
10 Years:10%
5 Years:31%
3 Years:47%
1 Year:105%
Return on Equity
10 Years:-17%
5 Years:-9%
3 Years:0%
Last Year:5%

Last Updated: June 15, 2024, 12:29 pm

Rajshree Sugars & Chemicals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital24242424252828282828333333
Reserves9610679241211610362112228218244
Borrowings592585654675691615458403358432427401396
Other Liabilities19226027214514533017025028321324916698
Total Liabilities9039751,0298678731,089760743680676938819771
Fixed Assets433558544513489551528505483427612589579
CWIP1321321122211101
Investments484855676700000000
Other Assets291355427285315537230236196248325229191
Total Assets9039751,0298678731,089760743680676938819771

Reserves and Borrowings Chart

Rajshree Sugars & Chemicals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1111302115351321487146182416
Cash from Investing Activity -149-45-14-617314-2-819847
Cash from Financing Activity 29-8774-93-38-150-216-69-36-40-31-63
Net Cash Flow-9-281-84-255-54-03-30-1

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-466.00-590.00-666.00-653.00-474.00-424.00-389.00-349.00-404.00-395.00-349.00-337.00

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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days342614223531315748312417
Inventory Days10415114516019228512914410917519696
Days Payable506288939215711821822220818087
Cash Conversion Cycle87115718913515942-17-64-14026
Working Capital Days211535482613-35-164-339-281416
ROCE %11%13%5%-2%2%16%2%-1%-3%2%3%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters47.83%40.66%40.66%40.66%40.66%40.65%40.65%40.65%40.65%40.65%40.65%40.65%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.00%0.04%
DIIs0.02%15.01%15.01%15.01%15.01%15.01%15.01%14.52%12.38%11.80%4.90%2.88%
Public52.14%44.33%44.33%44.33%44.33%44.33%44.33%44.82%46.94%47.49%54.43%56.42%
No. of Shareholders18,13018,63021,79922,15822,57322,24322,86923,15524,11725,21925,59630,879

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 18Mar 17Mar 16Mar 15Mar 14
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.4210.56-5.98-27.61-14.44
Diluted EPS (Rs.)9.4210.56-5.09-27.61-14.44
Cash EPS (Rs.)18.4019.743.50-14.231.73
Book Value[Excl.RevalReserv]/Share (Rs.)46.7337.20-0.695.9935.39
Book Value[Incl.RevalReserv]/Share (Rs.)46.7337.20-0.695.9935.39
Revenue From Operations / Share (Rs.)196.07236.66285.49298.69388.12
PBDIT / Share (Rs.)12.8951.1317.623.8628.34
PBIT / Share (Rs.)3.9141.856.39-9.5212.18
PBT / Share (Rs.)-17.4216.28-11.19-39.83-20.90
Net Profit / Share (Rs.)9.4210.46-7.73-27.61-14.44
NP After MI And SOA / Share (Rs.)9.4210.46-7.73-27.61-14.44
PBDIT Margin (%)6.5721.606.171.297.30
PBIT Margin (%)1.9917.682.23-3.183.13
PBT Margin (%)-8.886.88-3.91-13.33-5.38
Net Profit Margin (%)4.804.42-2.70-9.24-3.72
NP After MI And SOA Margin (%)4.804.42-2.70-9.24-3.72
Return on Networth / Equity (%)20.1528.120.00-460.75-40.80
Return on Capital Employeed (%)2.6425.453.62-4.554.58
Return On Assets (%)3.492.64-2.05-6.85-3.08
Long Term Debt / Equity (X)2.163.36-258.4533.966.17
Total Debt / Equity (X)2.794.73-374.0846.258.16
Asset Turnover Ratio (%)0.580.650.620.570.79
Current Ratio (X)0.610.840.730.781.00
Quick Ratio (X)0.200.360.180.160.32
Inventory Turnover Ratio (X)1.051.611.721.502.36
Interest Coverage Ratio (X)0.602.000.610.120.85
Interest Coverage Ratio (Post Tax) (X)0.421.420.340.080.56
Enterprise Value (Cr.)451.53614.15745.71699.22658.60
EV / Net Operating Revenue (X)0.810.921.050.980.71
EV / EBITDA (X)12.434.2616.9576.159.77
MarketCap / Net Operating Revenue (X)0.150.260.130.060.06
Price / BV (X)0.651.67-55.233.180.74
Price / Net Operating Revenue (X)0.150.260.130.060.06
EarningsYield0.300.16-0.20-1.45-0.54

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 84.81

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.

Undervalued: 4.58% compared to the current price 81.1

Intrinsic Value: 158.32

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 95.22% compared to the current price ₹81.1

Last 5 Year EPS CAGR: 86.68%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -31.50, which is a positive sign.
  1. The stock has a low average ROCE of 4.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 56.83, which may not be favorable.
  3. The company has higher borrowings (507.67) compared to reserves (99.42), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (593.58) and profit (-18.08).

Stock Analysis

  • 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 Rajshree Sugars & Chemicals Ltd:
    1. Net Profit Margin: 4.80%
      • 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: 2.64% (Industry Average ROCE: %)
      • 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%: 20.15% (Industry Average ROE: %)
      • 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): 0.42
      • 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: 0.20
      • 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: 19.5 (Industry average Stock P/E: )
      • 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: 2.79
      • 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

Rajshree Sugars & Chemicals Ltd. is a Public Limited Listed company incorporated on 13/12/1985 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L01542TZ1985PLC001706 and registration number is 001706. Currently Company is involved in the business activities of Manufacture of sugar. Company’s Total Operating Revenue is Rs. 467.67 Cr. and Equity Capital is Rs. 33.14 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SugarThe Uffizi, Coimbatore Tamil Nadu 641004investor@rajshreesugars.com
http://www.rajshreesugars.com
Management
NamePosition Held
Ms. Rajshree PathyChairperson
Mr. R VaradarajanWhole Time Director
Mr. K IlangoIndependent Director
Mr. Sheilendra BhansaliIndependent Director
Mr. S VasudevanIndependent Director
Mr. S KrishnaswamiIndependent Director

FAQ

What is the latest fair value of Rajshree Sugars & Chemicals Ltd?

The latest fair value of Rajshree Sugars & Chemicals Ltd is ₹84.81.

What is the Market Cap of Rajshree Sugars & Chemicals Ltd?

The Market Cap of Rajshree Sugars & Chemicals Ltd is 269 Cr..

What is the current Stock Price of Rajshree Sugars & Chemicals Ltd as on 25 June 2024?

The current stock price of Rajshree Sugars & Chemicals Ltd as on 25 June 2024 is ₹81.1.

What is the High / Low of Rajshree Sugars & Chemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Rajshree Sugars & Chemicals Ltd stocks is 102/37.0.

What is the Stock P/E of Rajshree Sugars & Chemicals Ltd?

The Stock P/E of Rajshree Sugars & Chemicals Ltd is 19.5.

What is the Book Value of Rajshree Sugars & Chemicals Ltd?

The Book Value of Rajshree Sugars & Chemicals Ltd is 80.0.

What is the Dividend Yield of Rajshree Sugars & Chemicals Ltd?

The Dividend Yield of Rajshree Sugars & Chemicals Ltd is 0.00 %.

What is the ROCE of Rajshree Sugars & Chemicals Ltd?

The ROCE of Rajshree Sugars & Chemicals Ltd is 6.84 %.

What is the ROE of Rajshree Sugars & Chemicals Ltd?

The ROE of Rajshree Sugars & Chemicals Ltd is 5.33 %.

What is the Face Value of Rajshree Sugars & Chemicals Ltd?

The Face Value of Rajshree Sugars & Chemicals Ltd is 10.0.

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 Rajshree Sugars & Chemicals 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