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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 542852 | NSE: VISHWARAJ

Fundamental Analysis of Vishwaraj Sugar Industries Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:33 am

Market Cap 305 Cr.
Current Price 16.2
High / Low22.3/14.1
Stock P/E
Book Value 14.3
Dividend Yield0.62 %
ROCE8.40 %
ROE8.71 %
Face Value 2.00

Data Source: screener.in

Competitors of Vishwaraj Sugar Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Avadh Sugar & Energy Ltd 1,181 Cr. 590855/4527.76 4861.71 %10.4 %11.3 % 10.0
Kothari Sugars & Chemicals Ltd 472 Cr. 56.971.7/36.89.99 33.41.76 %17.6 %14.9 % 10.0
Sakthi Sugars Ltd 446 Cr. 37.546.8/20.6 4.560.00 %10.8 %% 10.0
Ponni Sugars (Erode) Ltd 379 Cr. 440503/3449.45 6921.48 %11.7 %9.34 % 10.0
Rajshree Sugars & Chemicals Ltd 212 Cr. 63.8102/36.29.91 83.60.00 %4.61 %4.06 % 10.0
Industry Average538.00 Cr237.647.42259.910.99%11.02%7.92%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8316210210313313121799102199142138106
Expenses39142999190962111005218714013963
Operating Profit432031144355-150122-143
OPM %52%12%3%11%33%27%2%-1%49%6%1%-1%41%
Other Income0100101011111
Interest9988798676777
Depreciation4444444444444
Profit before tax317-803423-6-11403-9-1133
Tax %3%52%0%0%13%-58%0%33%6%1,661%0%0%6%
Net Profit304-802935-6-738-46-9-1131
EPS in Rs1.620.19-0.450.011.571.89-0.33-0.372.01-2.45-0.49-0.601.66

Last Updated: April 10, 2024, 5:19 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 1:06 pm

MonthMar 2009Mar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales116280361276335284222285362425467611585
Expenses113290349256305238198259323363374545529
Operating Profit3-91219314624263862936656
OPM %2%-3%3%7%9%16%11%9%11%15%20%11%10%
Other Income36568099110010233
Interest9182818212521364236322828
Depreciation581110111213131515161615
Profit before tax2521540710-1-24-1712472616
Tax %10%15%20%1,559%37%42%-395%26%52%32%-28%192%
Net Profit231843-346-4-18-8860-23-35
EPS in Rs132.47105.592.49-0.190.260.35-0.25-1.02-0.420.443.20-1.25-1.88
Dividend Payout %0%0%0%0%78%0%0%0%0%45%6%-8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2009-20102010-20112015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-21.74%138.89%233.33%50.00%-166.67%-350.00%55.56%200.00%650.00%-138.33%
Change in YoY Net Profit Growth (%)0.00%160.63%94.44%-183.33%-216.67%-183.33%405.56%144.44%450.00%-788.33%

Growth

Compounded Sales Growth
10 Years:%
5 Years:22%
3 Years:19%
TTM:7%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-159%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-14%
1 Year:4%
Return on Equity
10 Years:%
5 Years:2%
3 Years:6%
Last Year:-9%

Last Updated: April 16, 2024, 8:31 pm

Balance Sheet

MonthMar 2009Mar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital34343535353535353838383838
Reserves4967120201201198194177184188245218199
Borrowings135201168159172238315339347376370356244
Other Liabilities589499231203728116910311011711578
Total Liabilities277396422625610543624720672712770726559
Fixed Assets163194192246244241272264288282300298292
CWIP0005138011000444
Investments0000001111111
Other Assets114202230374365264352443382429469423221
Total Assets277396422625610543624720672712770726559

Reserves and Borrowings Chart

Cash Flow

MonthMar 2009Mar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 315562-552549563552
Cash from Investing Activity -50-6-45-6-18-27-9-33-18
Cash from Financing Activity 28-18-5556-12-16-6-38-44
Net Cash Flow931-39-5-6641-36-11

Free Cash Flow

MonthMar 2009Mar 2010Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-132.00-210.00-156.00-140.00-141.00-192.00-291.00-313.00-309.00-314.00-277.00-290.00

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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters32.83%32.83%32.83%31.92%33.69%33.69%33.70%33.70%33.70%33.70%33.70%33.70%
FIIs2.71%2.66%2.66%2.66%1.20%0.46%0.25%0.08%0.01%0.09%0.23%0.00%
DIIs0.00%0.00%0.96%0.96%0.39%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Government0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public64.46%64.51%63.55%64.46%64.71%65.85%66.06%66.23%66.29%66.22%66.07%66.31%
No. of Shareholders11,62814,92717,77735,5061,51,4531,49,9291,46,8561,45,7031,41,5771,38,8301,59,3101,60,032

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.243.212.11-2.19-5.10
Diluted EPS (Rs.)-1.243.212.11-2.19-5.10
Cash EPS (Rs.)-0.3920.156.131.78-1.24
Book Value[Excl.RevalReserv]/Share (Rs.)13.6175.2460.1859.0661.20
Book Value[Incl.RevalReserv]/Share (Rs.)13.6175.2460.1859.0661.20
Dividend / Share (Rs.)0.101.001.000.000.00
Revenue From Operations / Share (Rs.)32.83124.81113.5598.6182.87
PBDIT / Share (Rs.)3.6825.2916.6810.597.47
PBIT / Share (Rs.)2.8321.1612.756.713.61
PBT / Share (Rs.)1.3612.563.26-4.40-6.91
Net Profit / Share (Rs.)-1.2516.022.21-2.10-5.10
PBDIT Margin (%)11.2020.2614.6810.739.01
PBIT Margin (%)8.6116.9511.226.804.35
PBT Margin (%)4.1410.062.86-4.46-8.34
Net Profit Margin (%)-3.8012.831.94-2.12-6.15
Return on Networth / Equity (%)-9.1721.283.66-3.55-8.33
Return on Capital Employeed (%)14.1121.1714.427.964.35
Return On Assets (%)-3.227.811.16-1.17-2.44
Long Term Debt / Equity (X)0.320.310.450.410.30
Total Debt / Equity (X)1.391.311.541.501.51
Asset Turnover Ratio (%)0.820.630.610.530.42
Current Ratio (X)1.201.141.121.061.02
Quick Ratio (X)0.320.210.360.240.26
Inventory Turnover Ratio (X)1.181.201.080.790.94
Dividend Payout Ratio (NP) (%)-16.016.240.000.000.00
Dividend Payout Ratio (CP) (%)-50.284.960.000.000.00
Earning Retention Ratio (%)116.0193.760.000.000.00
Cash Earning Retention Ratio (%)150.2895.040.000.000.00
Interest Coverage Ratio (X)2.512.941.760.950.70
Interest Coverage Ratio (Post Tax) (X)0.142.861.230.810.51
Enterprise Value (Cr.)624.91433.14750.98568.170.00
EV / Net Operating Revenue (X)1.010.921.761.530.00
EV / EBITDA (X)9.054.5611.9914.290.00
MarketCap / Net Operating Revenue (X)0.440.161.060.650.00
Retention Ratios (%)116.0193.750.000.000.00
Price / BV (X)1.060.261.991.100.00
Price / Net Operating Revenue (X)0.440.161.060.650.00
EarningsYield-0.080.790.01-0.030.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 18.80

The stock is undervalued by 16.04% compared to the current price ₹16.2

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (354.54 cr) and profit (13.54 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 (263.08) compared to reserves (172.38), 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: -3.80%
      • 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: 14.11% (Industry Average ROCE: 11.02%)
      • 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%: -9.17% (Industry Average ROE: 7.92%)
      • 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): 0.14
      • 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: 0.32
      • 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 of N/A (Industry average Stock P/E: 7.42)
      • 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: 1.39
      • 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

Vishwaraj Sugar Industries Ltd. Share Price Update

Share PriceValue
Today₹16.14
Previous Day₹16.22

FAQ

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

The latest fair value of Vishwaraj Sugar Industries Ltd is ₹18.80.

What is the Market Cap of Vishwaraj Sugar Industries Ltd?

The Market Cap of Vishwaraj Sugar Industries Ltd is 305 Cr..

What is the current Stock Price of Vishwaraj Sugar Industries Ltd as on 23 April 2024?

The current stock price of Vishwaraj Sugar Industries Ltd as on 23 April 2024 is 16.2.

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 ₹22.3/14.1.

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

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

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 0.62 %.

What is the ROCE of Vishwaraj Sugar Industries Ltd?

The ROCE of Vishwaraj Sugar Industries Ltd is 8.40 %.

What is the ROE of Vishwaraj Sugar Industries Ltd?

The ROE of Vishwaraj Sugar Industries Ltd is 8.71 %.

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