Ponni Sugars (Erode) Ltd

Ponni Sug.Erode Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ponni Sugars (Erode) Ltd

₹ 315 1.46%
21 Feb - close price
ponnisugars.com BSE: 532460 NSE: PONNIERODE
About

Incorporated in 1986, Ponni Sugars (Erode)
Ltd manufactures sugar and co-generates
power[1]

Key Points

Business Profile[1]
Ponni Sugars (Erode) processes sugarcane into sugar and its byproducts. It also generates electricity by utilizing bagasse (a sugarcane byproduct) for power generation. Bagasse is also sold to associated companies like Seshasayee Paper and Boards Ltd (SPB).

Website BSE NSE
  • Market Cap ₹ 271 Cr.
  • Current Price ₹ 315
  • High / Low ₹ 599 / 288
  • Stock P/E 9.57
  • Book Value ₹ 691
  • Dividend Yield 2.22 %
  • ROCE 10.4 %
  • ROE 9.33 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 0.46 times its book value
  • Company has delivered good profit growth of 38.0% CAGR over last 5 years
  • Market value of investments Rs.290 Cr. is more than the Market Cap Rs.271 Cr.

Cons

  • Tax rate seems low
  • Company has a low return on equity of 9.08% over last 3 years.
  • Earnings include an other income of Rs.14.2 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
64.26 69.43 84.47 149.51 101.99 99.46 97.73 127.84 124.43 71.31 54.73 94.54 115.74
63.91 54.61 83.57 130.07 92.51 88.79 97.59 109.77 109.56 61.33 57.14 81.91 111.58
Operating Profit 0.35 14.82 0.90 19.44 9.48 10.67 0.14 18.07 14.87 9.98 -2.41 12.63 4.16
OPM % 0.54% 21.35% 1.07% 13.00% 9.30% 10.73% 0.14% 14.13% 11.95% 14.00% -4.40% 13.36% 3.59%
2.23 1.34 3.62 8.41 1.44 1.59 9.59 1.99 2.04 4.05 5.66 3.56 0.92
Interest 0.03 0.02 0.20 0.04 0.02 0.09 0.00 0.02 0.03 0.08 0.03 -0.01 0.00
Depreciation 1.60 1.68 1.84 1.91 1.95 1.88 2.09 2.13 2.19 2.30 2.29 2.42 2.47
Profit before tax 0.95 14.46 2.48 25.90 8.95 10.29 7.64 17.91 14.69 11.65 0.93 13.78 2.61
Tax % 57.89% 22.06% 12.90% 16.10% 14.86% 33.62% 12.83% 16.30% 20.69% -16.39% 12.90% 16.33% 7.66%
0.40 11.27 2.16 21.73 7.62 6.83 6.66 14.99 11.65 13.56 0.81 11.53 2.41
EPS in Rs 0.47 13.11 2.51 25.27 8.86 7.94 7.75 17.43 13.55 15.77 0.94 13.41 2.80
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
212 169 160 169 251 196 185 310 256 288 435 421 336
186 170 165 168 213 175 165 269 226 253 395 378 312
Operating Profit 27 -1 -5 2 38 21 20 41 30 36 40 43 24
OPM % 13% -1% -3% 1% 15% 11% 11% 13% 12% 12% 9% 10% 7%
0 8 11 12 -6 -9 2 5 6 7 15 18 14
Interest 4 7 5 6 5 2 3 3 1 0 0 0 0
Depreciation 12 3 6 6 6 6 6 7 7 6 8 9 9
Profit before tax 12 -3 -5 3 22 4 12 36 29 36 48 52 29
Tax % -57% 70% -33% 27% 28% 12% 30% 14% 10% 19% 19% 10%
19 -5 -4 2 16 3 8 31 26 29 38 47 28
EPS in Rs 22.23 -5.56 -4.24 2.21 18.52 3.88 9.80 35.98 29.84 34.02 44.59 54.50 32.92
Dividend Payout % 7% -11% 0% 54% 14% 26% 20% 11% 17% 16% 15% 13%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 18%
TTM: -25%
Compounded Profit Growth
10 Years: 23%
5 Years: 38%
3 Years: 22%
TTM: -29%
Stock Price CAGR
10 Years: 4%
5 Years: 17%
3 Years: 15%
1 Year: -29%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 9%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

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 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 121 115 112 113 248 264 284 239 318 360 444 543 586
82 83 78 77 49 7 35 20 0 0 0 0 0
52 45 51 50 32 48 63 48 50 50 62 53 60
Total Liabilities 263 252 249 249 338 328 391 315 376 419 515 605 654
133 133 128 123 118 120 114 109 104 112 118 123 127
CWIP 0 1 0 0 0 0 0 0 0 4 1 2 6
Investments 21 21 21 21 141 156 169 95 151 170 225 290 336
109 97 100 105 79 53 108 111 120 133 170 189 185
Total Assets 263 252 249 249 338 328 391 315 376 419 515 605 654

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-9 9 11 6 35 51 -22 16 29 11 11 16
-14 -3 -0 0 -0 -5 2 1 3 -13 1 -12
24 -7 -11 -6 -34 -46 23 -19 -24 -4 -5 -6
Net Cash Flow 1 -1 -0 0 1 -1 3 -3 7 -6 7 -2

Ratios

Figures in Rs. Crores

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 29 25 34 61 35 34 75 82 58 57 19 29
Inventory Days 198 225 226 177 113 93 243 69 111 143 107 122
Days Payable 74 79 99 85 34 109 138 51 76 66 48 35
Cash Conversion Cycle 153 171 162 153 114 18 180 100 93 135 78 116
Working Capital Days 90 108 106 92 60 8 98 80 77 104 54 84
ROCE % 9% -1% -5% -1% 13% 6% 6% 13% 10% 10% 12% 10%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
42.36% 42.36% 42.36% 42.36% 42.36% 42.36% 42.36% 42.36% 42.36% 47.26% 47.26% 47.26%
19.43% 19.58% 23.21% 23.28% 23.31% 23.27% 22.91% 22.85% 22.64% 12.89% 10.90% 9.50%
3.53% 3.53% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.70% 0.93% 0.93%
34.67% 34.52% 34.39% 34.31% 34.28% 34.32% 34.70% 34.74% 34.96% 39.16% 40.91% 42.31%
No. of Shareholders 14,91315,57715,22715,22814,67316,66017,43417,33517,04418,45618,39618,307

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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