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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 542852 | NSE: VISHWARAJ

Fundamental Analysis of Vishwaraj Sugar Industries Ltd

Basic Stock Data

Last Updated: July 18, 2024, 10:27 pm

Market Cap 307 Cr.
Current Price 16.3
High / Low20.0/14.1
Stock P/E21.2
Book Value 14.3
Dividend Yield0.61 %
ROCE8.48 %
ROE5.54 %
Face Value 2.00
PEG Ratio1.25

Data Source: screener.in

Competitors of Vishwaraj Sugar Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
KM Sugar Mills Ltd 392 Cr. 42.450.4/24.213.6 33.00.00 %9.96 %9.95 % 2.00
Rajshree Sugars & Chemicals Ltd 252 Cr. 75.9102/41.218.3 80.00.00 %6.84 %5.33 % 10.0
Sakthi Sugars Ltd 458 Cr. 38.546.8/24.0 9.920.00 %5.79 %109 % 10.0
Magadh Sugar & Energy Ltd 1,123 Cr. 797866/4069.62 5291.25 %14.6 %16.8 % 10.0
Mawana Sugars Ltd 464 Cr. 119136/83.021.7 1053.37 %6.84 %5.37 % 10.0
Industry Average1,954.20 Cr315.8822.87216.130.76%10.20%12.35%6.71

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales161.73102.03102.55133.28130.89216.6799.15101.61199.07141.71138.05106.24163.71
Expenses142.1998.7791.0989.6095.83211.36100.1752.03186.74140.02139.4262.86141.20
Operating Profit19.543.2611.4643.6835.065.31-1.0249.5812.331.69-1.3743.3822.51
OPM %12.08%3.20%11.18%32.77%26.79%2.45%-1.03%48.79%6.19%1.19%-0.99%40.83%13.75%
Other Income0.550.090.170.890.370.570.491.020.780.640.620.600.64
Interest9.108.107.807.119.278.266.136.726.437.496.677.029.32
Depreciation3.503.693.633.663.653.883.863.813.733.983.913.853.74
Profit before tax7.49-8.440.2033.8022.51-6.26-10.5240.072.95-9.14-11.3333.1110.09
Tax %52.47%0.00%0.00%12.90%-57.66%0.00%32.98%5.71%1,660.68%0.00%0.00%5.68%77.21%
Net Profit3.55-8.450.1929.4435.49-6.26-7.0437.78-46.05-9.14-11.3331.242.30
EPS in Rs0.19-0.450.011.571.89-0.33-0.372.01-2.45-0.49-0.601.660.12

Last Updated: July 11, 2024, 7:34 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 11:04 pm

MonthMar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales280361276335284222285362425467611550
Expenses290349256305238198259323363374545484
Operating Profit-91219314624263862936666
OPM %-3%3%7%9%16%11%9%11%15%20%11%12%
Other Income568099110010232
Interest182818212521364236322830
Depreciation81110111213131515161616
Profit before tax21540710-1-24-1712472622
Tax %15%20%1,559%37%42%-395%26%52%32%-28%192%35%
Net Profit1843-346-4-18-8860-2314
EPS in Rs105.592.49-0.190.260.35-0.25-1.02-0.420.443.20-1.250.77
Dividend Payout %0%0%0%78%0%0%0%0%45%6%-8%26%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2010-20112015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)138.89%233.33%50.00%-166.67%-350.00%55.56%200.00%650.00%-138.33%160.87%
Change in YoY Net Profit Growth (%)0.00%94.44%-183.33%-216.67%-183.33%405.56%144.44%450.00%-788.33%299.20%

Growth

Compounded Sales Growth
10 Years:%
5 Years:14%
3 Years:9%
TTM:-10%
Compounded Profit Growth
10 Years:%
5 Years:23%
3 Years:20%
TTM:162%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-17%
1 Year:5%
Return on Equity
10 Years:%
5 Years:4%
3 Years:7%
Last Year:6%

Last Updated: July 17, 2024, 5:58 pm

Balance Sheet

Last Updated: July 10, 2024, 11:04 pm

MonthMar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital343535353535353838383838
Reserves67120201201198194177184188245218231
Borrowings201168159172238315339347376370356366
Other Liabilities94992312037281169103110117115165
Total Liabilities396422625610543624720672712770726799
Fixed Assets194192246244241272264288282300298287
CWIP0051380110004124
Investments000001111111
Other Assets202230374365264352443382429469423387
Total Assets396422625610543624720672712770726799

Reserves and Borrowings Chart

Cash Flow

MonthMar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 315562-552549563552146
Cash from Investing Activity -50-6-45-6-18-27-9-33-18-125
Cash from Financing Activity 28-18-5556-12-16-6-38-44-22
Net Cash Flow931-39-5-6641-36-11-1

Free Cash Flow

MonthMar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-210.00-156.00-140.00-141.00-192.00-291.00-313.00-309.00-314.00-277.00-290.00-300.00

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 2009Mar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days442010161957564926262526
Inventory Days333448337348689580387339429242
Days Payable7562771202837911049
Cash Conversion Cycle4420336458351377674428330286344219
Working Capital Days404344130195233228435333255232252203
ROCE %15%26%7%8%4%2%4%8%13%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters32.83%32.83%31.92%33.69%33.69%33.70%33.70%33.70%33.70%33.70%33.70%33.70%
FIIs2.66%2.66%2.66%1.20%0.46%0.25%0.08%0.01%0.09%0.23%0.00%0.26%
DIIs0.00%0.96%0.96%0.39%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Government0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public64.51%63.55%64.46%64.71%65.85%66.06%66.23%66.29%66.22%66.07%66.31%66.04%
No. of Shareholders14,92717,77735,5061,51,4531,49,9291,46,8561,45,7031,41,5771,38,8301,59,3101,60,0321,64,836

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)0.78-1.243.212.11-2.19
Diluted EPS (Rs.)0.78-1.243.212.11-2.19
Cash EPS (Rs.)1.62-0.3920.156.131.78
Book Value[Excl.RevalReserv]/Share (Rs.)14.2913.6175.2460.1859.06
Book Value[Incl.RevalReserv]/Share (Rs.)14.2913.6175.2460.1859.06
Dividend / Share (Rs.)0.000.101.001.000.00
Revenue From Operations / Share (Rs.)29.2732.83124.81113.5598.61
PBDIT / Share (Rs.)3.663.6825.2916.6810.59
PBIT / Share (Rs.)2.812.8321.1612.756.71
PBT / Share (Rs.)1.191.3612.563.26-4.40
Net Profit / Share (Rs.)0.77-1.2516.022.21-2.10
PBDIT Margin (%)12.4911.2020.2614.6810.73
PBIT Margin (%)9.608.6116.9511.226.80
PBT Margin (%)4.054.1410.062.86-4.46
Net Profit Margin (%)2.63-3.8012.831.94-2.12
Return on Networth / Equity (%)5.40-9.1721.283.66-3.55
Return on Capital Employeed (%)13.7814.1121.1714.427.96
Return On Assets (%)1.81-3.227.811.16-1.17
Long Term Debt / Equity (X)0.270.320.310.450.41
Total Debt / Equity (X)1.361.391.311.541.50
Asset Turnover Ratio (%)0.720.820.630.610.53
Current Ratio (X)0.921.201.141.121.06
Quick Ratio (X)0.250.320.210.360.24
Inventory Turnover Ratio (X)1.261.181.201.080.79
Dividend Payout Ratio (NP) (%)0.00-16.016.240.000.00
Dividend Payout Ratio (CP) (%)0.00-50.284.960.000.00
Earning Retention Ratio (%)0.00116.0193.760.000.00
Cash Earning Retention Ratio (%)0.00150.2895.040.000.00
Interest Coverage Ratio (X)2.252.512.941.760.95
Interest Coverage Ratio (Post Tax) (X)1.480.142.861.230.81
Enterprise Value (Cr.)630.79624.91433.14750.98568.17
EV / Net Operating Revenue (X)1.151.010.921.761.53
EV / EBITDA (X)9.189.054.5611.9914.29
MarketCap / Net Operating Revenue (X)0.480.440.161.060.65
Retention Ratios (%)0.00116.0193.750.000.00
Price / BV (X)0.991.060.261.991.10
Price / Net Operating Revenue (X)0.480.440.161.060.65
EarningsYield0.05-0.080.790.01-0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 16.90

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.

Undervalued: 3.67% compared to the current price 16.3

Intrinsic Value: 19.77

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: 21.26% compared to the current price 16.3

Last 5 Year EPS CAGR: 16.97%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (371.50 cr) and profit (13.08 cr) over the years.
  1. The stock has a low average ROCE of 7.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 270.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 322.25, which may not be favorable.
  4. The company has higher borrowings (283.92) compared to reserves (185.33), which may suggest financial risk.

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 Vishwaraj Sugar Industries Ltd:
    1. Net Profit Margin: 2.63%
      • 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: 13.78% (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%: 5.40% (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): 1.48
      • 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: 0.25
      • 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: 21.2 (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: 1.36
      • 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

Vishwaraj Sugar Industries Ltd. is a Public Limited Listed company incorporated on 02/05/1995 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L85110KA1995PLC017730 and registration number is 017730. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company’s Total Operating Revenue is Rs. 468.75 Cr. and Equity Capital is Rs. 37.56 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SugarBellad Bagewadi, Belagavi District Karnataka 591305info@vsil.co.in
http://www.vsil.co.in
Management
NamePosition Held
Mr. Ramesh KattiChairman & Non-Exe.Director
Mr. Nikhil U KattiManaging Director
Mr. Mukesh KumarWhole Time Director
Mr. Kush R KattiWhole Time Director
Ms. Sneha Nithin DevWhole Time Director
Mr. Vishnukumar� KulkarniIndependent Director
Mr. Basavaraj HagaragiIndependent Director
Mr. Shivanand TubachiIndependent Director
Mr. Surendra S KhotIndependent Director
Mrs. Pratibha MunnolliIndependent Director

FAQ

What is the latest fair value of Vishwaraj Sugar Industries Ltd?

The latest fair value of Vishwaraj Sugar Industries Ltd is ₹16.90.

What is the Market Cap of Vishwaraj Sugar Industries Ltd?

The Market Cap of Vishwaraj Sugar Industries Ltd is 307 Cr..

What is the current Stock Price of Vishwaraj Sugar Industries Ltd as on 19 July 2024?

The current stock price of Vishwaraj Sugar Industries Ltd as on 19 July 2024 is 16.3.

What is the High / Low of Vishwaraj Sugar Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Vishwaraj Sugar Industries Ltd stocks is 20.0/14.1.

What is the Stock P/E of Vishwaraj Sugar Industries Ltd?

The Stock P/E of Vishwaraj Sugar Industries Ltd is 21.2.

What is the Book Value of Vishwaraj Sugar Industries Ltd?

The Book Value of Vishwaraj Sugar Industries Ltd is 14.3.

What is the Dividend Yield of Vishwaraj Sugar Industries Ltd?

The Dividend Yield of Vishwaraj Sugar Industries Ltd is 0.61 %.

What is the ROCE of Vishwaraj Sugar Industries Ltd?

The ROCE of Vishwaraj Sugar Industries Ltd is 8.48 %.

What is the ROE of Vishwaraj Sugar Industries Ltd?

The ROE of Vishwaraj Sugar Industries Ltd is 5.54 %.

What is the Face Value of Vishwaraj Sugar Industries Ltd?

The Face Value of Vishwaraj Sugar Industries Ltd is 2.00.

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 Vishwaraj Sugar Industries 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