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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Uttam Sugar Mills Ltd

About the Company - Uttam Sugar Mills Ltd

Uttam Sugar Mills Ltd. is a Public Limited Listed company incorporated on 04/10/1993 and has its registered office in the State of Uttarakhand/Uttaranchal, India. Company’s Corporate Identification Number(CIN) is L99999UR1993PLC032518 and registration number is 032518. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company’s Total Operating Revenue is Rs. 2034.35 Cr. and Equity Capital is Rs. 38.14 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SugarVillage Libberheri, Tehsil Roorkee, Haridwar District Uttarakhand/Uttaranchal 247667uttam.secretarial@uttamsugar.com
http://www.uttamsugar.in
Management
NamePosition Held
Mr. Raj Kumar AdlakhaManaging Director
Mr. Shankar Lal SharmaExecutive Director
Mr. Gurbachan Singh MattaNon Executive Director
Mr. Narendra Kumar SawhneyIndependent Director
Mrs. Rutuja Rajendra MoreIndependent Director
Mr. Jasbir SinghIndependent Director
Mr. Ravi KumarIndependent Director

Uttam Sugar Mills Ltd. Share Price Update

Share PriceValue
Today₹347.05
Previous Day₹349.25

Basic Stock Data of Uttam Sugar Mills Ltd

Market Cap 1,360 Cr.
Current Price 357
High / Low536/216
Stock P/E8.51
Book Value 161
Dividend Yield0.70 %
ROCE19.1 %
ROE23.8 %
Face Value 10.0

Data Source: screener.in

Competitors of Uttam Sugar Mills Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
KCP Sugar & Industries Corporation Ltd 443 Cr. 39.154.0/21.08.85 38.00.50 %4.98 %2.99 % 1.00
Mawana Sugars Ltd 394 Cr. 101121/77.69.13 88.32.98 %5.58 %3.56 % 10.0
Dalmia Bharat Sugar & Industries Ltd 3,198 Cr. 395490/31010.6 3630.99 %12.2 %9.73 % 2.00
Bannari Amman Sugars Ltd 3,383 Cr. 2,6982,975/2,34518.8 1,2750.46 %11.9 %9.64 % 10.0
Parvati Sweetners and Power Ltd 191 Cr. 12.817.5/4.70106 6.730.00 %3.82 %1.60 % 5.00
Industry Average1,521.80 Cr649.1830.68354.210.99%7.70%5.50%5.60

Uttam Sugar Mills Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales433553450476618490605455472527460604518
Expenses389470377450543394529449420416394561444
Operating Profit44847326749676651112664374
OPM %10%15%16%6%12%20%13%1%11%21%14%7%14%
Other Income2433282223222
Interest202222211518181491218148
Depreciation778899999991010
Profit before tax1858460537751-143593412259
Tax %37%52%26%-22%26%21%26%30%26%25%25%28%26%
Net Profit1228340396138-102670311643
EPS in Rs3.077.308.960.1210.2916.019.86-2.636.8318.358.124.1011.40

Uttam Sugar Mills Ltd Quarterly Chart

Uttam Sugar Mills Ltd Profit & Loss

MonthMar 2012Mar 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6836458717588071,0851,2431,2281,6451,8192,0342,0592,109
Expenses6595358247727268691,1271,0561,4631,6011,7641,8141,814
Operating Profit2411047-1581217117172182218271245295
OPM %4%17%5%-2%10%20%9%14%11%12%13%12%14%
Other Income-202324-11191071499
Interest68709975507480807986755251
Depreciation27304123172324272929333638
Profit before tax-9112-90-11218119247484110177165215
Tax %24%56%39%21%13%10%28%21%39%46%24%25%
Net Profit-705-55-881510717585260135124160
EPS in Rs1.43-14.50-23.124.0627.954.4615.2413.5415.6735.3832.4141.97
Dividend Payout %0%0%0%0%0%0%0%0%0%0%6%8%

Uttam Sugar Mills Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)107.14%-1200.00%613.33%-84.11%241.18%-10.34%15.38%125.00%-8.15%
Change in YoY Net Profit Growth (%)0.00%-1307.14%1813.33%-697.45%325.29%-251.52%25.73%109.62%-133.15%

Uttam Sugar Mills Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:8%
TTM:4%
Compounded Profit Growth
10 Years:37%
5 Years:52%
3 Years:34%
TTM:40%
Stock Price CAGR
10 Years:40%
5 Years:27%
3 Years:58%
1 Year:44%
Return on Equity
10 Years:%
5 Years:25%
3 Years:26%
Last Year:24%

Uttam Sugar Mills Ltd Balance Sheet

MonthMar 2012Mar 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital26383838383838383838383838
Reserves1334-21-26-11121138196247300425538575
Preference Capital68707272720000000
Borrowings719762742669621717771725810820640594356
Other Liabilities269424382549467446491780671622467452219
Total Liabilities1,0271,2571,1431,2301,1161,3211,4381,7401,7661,7801,5701,6221,189
Fixed Assets400473460539531538564582570553673673660
CWIP127282611161117114512747103
Investments0000000003000
Other Assets5007566576805707738571,1461,1511,098892943425
Total Assets1,0271,2571,1431,2301,1161,3211,4381,7401,7661,7801,5701,6221,189

Uttam Sugar Mills Ltd Reserves and Borrowings Chart

Uttam Sugar Mills Ltd Cash Flow

MonthMar 2012Mar 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 313610813312355114315179320158
Cash from Investing Activity -10-4-8-10-8-25-50-46-46-88-28-50
Cash from Financing Activity -242-115-146-10336-21-10019-83-286-110
Net Cash Flow-335-15-221216-21-3-1386-2

Uttam Sugar Mills Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days921712261814161110118
Inventory Days250495265253216306272414277252196203
Days Payable912451312151731421452711521237267
Cash Conversion Cycle1692711415068182142159137138134144
Working Capital Days90125598-86774738611596105
ROCE %-0%9%1%-4%9%25%11%16%16%17%22%19%

Uttam Sugar Mills Ltd Financial Efficiency Indicators Chart

Uttam Sugar Mills Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.00%75.00%75.00%75.00%74.43%74.31%73.33%72.93%72.84%72.84%72.84%73.18%
FIIs0.00%0.00%0.00%0.04%0.13%0.42%1.09%1.31%0.56%0.69%0.39%0.30%
DIIs0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.04%0.04%0.00%0.01%0.00%
Public24.99%24.99%24.99%24.96%25.44%25.27%25.58%25.70%26.55%26.46%26.76%26.51%
No. of Shareholders16,85219,18524,22823,68325,16025,49224,79823,84923,70621,09220,63324,540

Uttam Sugar Mills Ltd Shareholding Pattern Chart

No. of Uttam Sugar Mills Ltd Shareholders

This stock is not held by any mutual fund

Uttam Sugar Mills Ltd ROCE Trend

Uttam Sugar Mills Ltd EPS Trend

Uttam Sugar Mills Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)32.4135.3815.6713.5315.27
Diluted EPS (Rs.)32.4135.3815.6713.5315.27
Cash EPS (Rs.)41.9244.0823.1521.2022.22
Book Value[Excl.RevalReserv]/Share (Rs.)151.14121.3488.6174.7761.41
Book Value[Incl.RevalReserv]/Share (Rs.)151.14121.3488.6174.7761.41
Dividend / Share (Rs.)2.502.000.000.000.00
Revenue From Operations / Share (Rs.)539.85533.41476.84431.28318.49
PBDIT / Share (Rs.)66.5074.8058.9050.5147.38
PBIT / Share (Rs.)56.9966.0951.4242.8440.40
PBT / Share (Rs.)43.2546.4528.8422.1419.33
Net Profit / Share (Rs.)32.4135.3815.6713.5415.24
PBDIT Margin (%)12.3114.0212.3511.7114.87
PBIT Margin (%)10.5512.3910.789.9312.68
PBT Margin (%)8.018.706.045.136.06
Net Profit Margin (%)6.006.633.283.134.78
Return on Networth / Equity (%)21.4429.1517.6818.1024.81
Return on Capital Employeed (%)29.9037.2431.2628.5926.34
Return On Assets (%)7.628.593.352.973.34
Long Term Debt / Equity (X)0.040.180.520.811.18
Total Debt / Equity (X)1.031.382.012.412.58
Asset Turnover Ratio (%)1.291.211.030.940.76
Current Ratio (X)1.040.990.940.950.94
Quick Ratio (X)0.080.090.140.150.08
Inventory Turnover Ratio (X)1.921.571.451.211.33
Dividend Payout Ratio (NP) (%)6.170.000.000.000.00
Dividend Payout Ratio (CP) (%)4.770.000.000.000.00
Earning Retention Ratio (%)93.830.000.000.000.00
Cash Earning Retention Ratio (%)95.230.000.000.000.00
Interest Coverage Ratio (X)4.843.812.612.442.25
Interest Coverage Ratio (Post Tax) (X)3.362.801.691.651.72
Enterprise Value (Cr.)1463.281454.651017.38875.431095.26
EV / Net Operating Revenue (X)0.710.710.550.530.90
EV / EBITDA (X)5.775.104.534.546.06
MarketCap / Net Operating Revenue (X)0.420.400.190.110.41
Retention Ratios (%)93.820.000.000.000.00
Price / BV (X)1.531.791.020.682.16
Price / Net Operating Revenue (X)0.420.400.190.110.41
EarningsYield0.140.160.170.260.11

Uttam Sugar Mills Ltd Profitability Ratios (%)

Uttam Sugar Mills Ltd Liquidity Ratios

Uttam Sugar Mills Ltd Liquidity Ratios (%)

Uttam Sugar Mills Ltd Interest Coverage Ratios (X)

Uttam Sugar Mills Ltd Valuation Ratios

Fair Value / Intrinsic Value of Uttam Sugar Mills Ltd

Fair Value: ₹328.37

The stock is overvalued by 8.02% compared to the current price ₹357

*Investments are subject to market risks

Strength and Weakness of Uttam Sugar Mills Ltd

StrengthWeakness
  1. The company has higher reserves (194.54 cr) compared to borrowings (27.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (290.38 cr) and profit (54.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 59.62 and average Dividend Yield of 11.27%.
  2. The stock has a low average ROCE of 11.75%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 74.17, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 144.58, which may not be favorable.

Should I Buy Uttam Sugar Mills Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Uttam Sugar Mills Ltd:
    1. Net Profit Margin: 6.00%
      • 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: 29.90% (Industry Average ROCE: 7.7%)
      • 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): 3.36
      • 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: 0.08
      • 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: 8.51 (Industry average Stock P/E: 30.68)
      • 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: 1.03
      • 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 Uttam Sugar Mills 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