Vishwaraj Sugar Industries Ltd

Vishwaraj Sugar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vishwaraj Sugar Industries Ltd

₹ 17.1 -0.41%
03 Jul 10:41 a.m.
vsil.co.in BSE: 542852 NSE: VISHWARAJ
About

Incorporated in 1995, Vishwaraj Sugar Industries Ltd does production and sale of sugar, alcoholic spirits by distillation including ethanol, blending and bottling of Indian made foreign liquor, vinegar and generation of power[1]

Key Points

Business Overview:[1]
VSIL is an integrated sugar manufacturing company operating from Belgaum District in Karnataka, which is designated as one of the High Recovery zones for sugar production by Government of India. It is also engaged in the generation of Power for captive consumption as well as external sale through its by-product bagasse

Website BSE NSE
  • Market Cap ₹ 321 Cr.
  • Current Price ₹ 17.1
  • High / Low ₹ 20.0 / 14.1
  • Stock P/E 22.1
  • Book Value ₹ 14.3
  • Dividend Yield 0.57 %
  • ROCE 8.48 %
  • ROE 5.54 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 1.20 times its book value
  • Company has delivered good profit growth of 23.4% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 33.7%
  • Company has a low return on equity of 6.52% over last 3 years.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
161.73 102.03 102.55 133.28 130.89 216.67 99.15 101.61 199.07 141.71 138.05 106.24 163.71
142.19 98.77 91.09 89.60 95.83 211.36 100.17 52.03 186.74 140.02 139.42 62.86 141.20
Operating Profit 19.54 3.26 11.46 43.68 35.06 5.31 -1.02 49.58 12.33 1.69 -1.37 43.38 22.51
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%
0.55 0.09 0.17 0.89 0.37 0.57 0.49 1.02 0.78 0.64 0.62 0.60 0.64
Interest 9.10 8.10 7.80 7.11 9.27 8.26 6.13 6.72 6.43 7.49 6.67 7.02 9.32
Depreciation 3.50 3.69 3.63 3.66 3.65 3.88 3.86 3.81 3.73 3.98 3.91 3.85 3.74
Profit before tax 7.49 -8.44 0.20 33.80 22.51 -6.26 -10.52 40.07 2.95 -9.14 -11.33 33.11 10.09
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%
3.55 -8.45 0.19 29.44 35.49 -6.26 -7.04 37.78 -46.05 -9.14 -11.33 31.24 2.30
EPS in Rs 0.19 -0.45 0.01 1.57 1.89 -0.33 -0.37 2.01 -2.45 -0.49 -0.60 1.66 0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
280 361 276 335 284 222 285 362 425 467 611 550
290 349 256 305 238 198 259 323 363 374 545 484
Operating Profit -9 12 19 31 46 24 26 38 62 93 66 66
OPM % -3% 3% 7% 9% 16% 11% 9% 11% 15% 20% 11% 12%
56 80 9 9 1 10 0 1 0 2 3 2
Interest 18 28 18 21 25 21 36 42 36 32 28 30
Depreciation 8 11 10 11 12 13 13 15 15 16 16 16
Profit before tax 21 54 0 7 10 -1 -24 -17 12 47 26 22
Tax % 15% 20% 1,559% 37% 42% -395% 26% 52% 32% -28% 192% 35%
18 43 -3 4 6 -4 -18 -8 8 60 -23 14
EPS in Rs 105.59 2.49 -0.19 0.26 0.35 -0.25 -1.02 -0.42 0.44 3.20 -1.25 0.77
Dividend Payout % 0% 0% 0% 78% 0% 0% 0% 0% 45% 6% -8% 26%
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: -16%
1 Year: 7%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 7%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 34 35 35 35 35 35 35 38 38 38 38 38
Reserves 67 120 201 201 198 194 177 184 188 245 218 231
201 168 159 172 238 315 339 347 376 370 356 366
94 99 231 203 72 81 169 103 110 117 115 165
Total Liabilities 396 422 625 610 543 624 720 672 712 770 726 799
194 192 246 244 241 272 264 288 282 300 298 287
CWIP 0 0 5 1 38 0 11 0 0 0 4 124
Investments 0 0 0 0 0 1 1 1 1 1 1 1
202 230 374 365 264 352 443 382 429 469 423 387
Total Assets 396 422 625 610 543 624 720 672 712 770 726 799

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
31 55 62 -55 25 49 56 35 52 146
-50 -6 -45 -6 -18 -27 -9 -33 -18 -125
28 -18 -55 56 -12 -16 -6 -38 -44 -22
Net Cash Flow 9 31 -39 -5 -6 6 41 -36 -11 -1

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 10 16 19 57 56 49 26 26 25 26 27
Inventory Days 333 448 337 348 689 580 387 339 429 242 257
Days Payable 7 5 6 27 71 202 83 79 110 49 91
Cash Conversion Cycle 20 336 458 351 377 674 428 330 286 344 219 193
Working Capital Days 344 130 195 233 228 435 333 255 232 252 203 170
ROCE % 15% 26% 7% 8% 4% 2% 4% 8% 13% 8%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
32.83% 32.83% 31.92% 33.69% 33.69% 33.70% 33.70% 33.70% 33.70% 33.70% 33.70% 33.70%
2.66% 2.66% 2.66% 1.20% 0.46% 0.25% 0.08% 0.01% 0.09% 0.23% 0.00% 0.26%
0.00% 0.96% 0.96% 0.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
64.51% 63.55% 64.46% 64.71% 65.85% 66.06% 66.23% 66.29% 66.22% 66.07% 66.31% 66.04%
No. of Shareholders 14,92717,77735,5061,51,4531,49,9291,46,8561,45,7031,41,5771,38,8301,59,3101,60,0321,64,836

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • Aug 2021
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