Sanwaria Agro Oils Ltd

Sanwaria Agro Oils Ltd
Edible Oils
FV – Rs 1; 52wks H/L –8.65/4.11; TTQ – 28 K; CMP – Rs 7.38 (As On February 6, 2017);                      

            Market Cap – Rs 272 Crs

Standalone Financials and Valuations for FY16 (Amt in Rs Crs unless specified)


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
34.81 320 9 2707 15.68 9 0.45 16.4 26.03 0.82 71.68 1.11

 

Standalone Financials and Valuations for H1 FY17


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
34.81 337 9 1247 17.44 10 0.5 14.76 26.03 0.7 71.68 1.11

 

Valuation Parameters:

  1. Long Term Debt to Equity – 0.03
  2. ROE % – 4.9
  3. Market Cap/Sales – 0.1

Overview:

  • Sanwaria Agro Oils Ltd is an fast-moving consumer goods (FMCG) food products company.
  • The Company is engaged in production of soya oil and de-oiled cake, and production of basmati rice.
  • The Company is engaged in seed processing and solvent extraction; refining of crude soy oil to produce refined soy oil; distribution and sale of bulk and branded soy oil; producing and selling of products, such as soy flour, soy chunks (nuggets), soy lecithin and acid oil; producing and selling wheat flour and fortified wheat flour, and trading of other agro commodities, such as wheat, gram and pulses.
  • The Company has three brands, namely Sanwaria, Sulabh and Narmada. The Company’s plants are located at Mandideep, Itarsi and Betul.
  • “Sulabh” and “Sanwaria” is the lower segment brand to attract the lower middle class and “Narmada” is the premium segment brand to attract middle and upper middle class consumer.
  • The Company’s subsidiaries include Sanwaria Singapore Pte. Ltd and Sanwaria Energy Ltd.

Management:

  • Gulab Chand Agrawal – Chairman

Major Non – Promoter Holdings:

Sr.No Non – Promoters No. of shares held % of shares held
1 Unique Ways Management Service Pvt.Ltd 19268261 5.24
2 Official Liquidator CRB Corporation Ltd 13086000 3.56
3 CRB Capital Markets Ltd 5267086 1.43

 

 

Standalone Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 34.81 34.81 34.81 34.81 34.81 17.4
Networth 320 305 280 256 235 218
Total Debt 850 791 791 404 376 416
Net Sales 2707 2663 2473 1987 1433 1587
Other Income 12 18 14 19 21 24
PAT 15.68 25.03 24.08 20.54 17.05 29.33
Book Value (Rs) 9 9 8 7 7 13
EPS (Rs) 0.45 0.72 0.69 0.59 0.49 1.69

 

During the Financial Year 2015-16, the Company created a one time provision for deterioration in the quality of stock of Soya DOC due to which the Profit after Taxation of the Company stood at Rs. 15.68 Crs as against Rs. 25.03 Crs as in FY 2014-15.

The company has a EBITDA Margin of 4.41% and a PAT Margin of 0.58%.