Scrip Watch

K.M. Sugar Mills Ltd

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

K.M. Sugar Mills Ltd

  1. K.M. Sugar Mills Ltd
    Plastic Products
    FV – Rs 2; 52wks H/L –7.7/1.65; TTQ – 21 K; CMP – Rs 6.80 (As On May 11th 2016; 10:30) ;

Market Cap – Rs 62.56 Crs

Standalone Financials and Valuations for 9Months FY16 (Amt in Rs.Crs unless specified)


Equity Capital

Net worth
Long Term Debt
Total
Sales
PAT
BV
(Rs)

TTM EPS (Rs)

TTM P/E

Industry P/E

P/BV

Promoter’s
Stake
Beta
18.40 28 38 235 6.99 3 0.76 8.9 25.25 2.27 66.56 2.27

 

Standalone Financials and Valuations for FY15 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
Long Term Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

P/BV
Beta
18.40 18 34 558 7.49 2 0.81 8.4 3.4 2.27

 

Overview:

  • M. Sugar Mills Ltd. is an India-based company, engaged in the manufacturing of sugar.
  • The Company operates in sugar division, distillery division and power division. The Company manufactures white crystal sugar, which is used for human consumption and in the industries, such as food, beverage and soft drinks.
  • It manufactures and sells three grades of sugar, such as L 31, M 31 and S 31.
  • Its sugar manufacturing facility is in Faizabad district of Uttar Pradesh.
  • It has its own distillery unit of capacity 45 KLPD and manufactures rectified spirit, Ethanol and extra neutral alcohol (ENA) at its facility at Motinagar, Faizabad.
  • The Company’s Bio Compost unit manufactures bio fertilizer which is marketed in the name of Moti Super. The Bio fertilizer is manufactured by utilizing the by-product of sugar unit, such as Press Mud and the by-product of distillery division, such as spent wash along with culture.

 

Industry Updates:

  • India is the second largest producer of sugar in the world and its production’s share in 2014-15 was 16%.
  • The Government hiked the import duty on sugar 40% from 15% to curb inflow of cheaper sweetener, a move that could see a rise in sugar prices.
  • notifies export subsidy of Rs. 4,000/- per ton for raw sugar.

Management:

  • L. K. Jhunjhunwala – Chairman
  • Aditya Jhunjhunwala – MD

Products:

  • Sugar

The company manufactures and sells three grades of Sugar in jute bags as well as in PP bags. On the basis of quality and size products are as under:

  1. L 31
  2. M 31
  3. M 30
  4. S 31
  5. S 30
  • Distillery

KMSML manufactures Rectified Spirit, Ethanol and Extra Neutral Alcohol (ENA) at its facility at Motinagar, Faizabad. Out of total production of rectified spirit 85% is grade-I quality and 15% is Grade-II.

  1. Grade-I rectified spirit
  2. Grade-II rectified spirit
  3. Extra Neutral Alcohol
  4. Fuel Grade Ethanol
  • Clean Power
  • The company has its own baggased based co-gen Power plant with the capacity of 25 MW in Motinagar, Faizabad, Uttar Pradesh.
  • The company supply the power to the Uttar Pradesh Power Corporation Limited (UPPCL).
  • Bio-Manure
  • The Bio Compost unit manufactures bio fertilizer which is marketed in the name of ‘Moti Super’. The Bio Fertilizer is manufactured by utilizing the by-product of sugar unit, i.e. Press Mud and the e by-product of Distillery division, i.e. spent wash along with culture.
  • The Bio Fertilizer is manufactured in our own plant with a process called ‘Triochem process, which takes around 45 days for converting press mud into bio-compost
  • Country Liquor
  • The company also entered into the business bottling of alcohol and set-up the bottling plant in Bapudham Motihari, Bihar.
  • The unit supplies the country liquor in Pet Bottles of 200 ML with the capacity of 4 lacs Bottles per day. The country liquor is supplied to the Bihar State Beverage Corporation Limited (BSBCL) in the districts East Champaran and West Champaran.

 

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 V I P Growth Fund Pvt Ltd 1522133 1.65
2 Kunal Rakesh Agarwal 1845000 2.01
3 Manish Patodia HUF 1099208 1.19
  Total 4466341 4.85

 

Standalone Financial Trends (In Rs.Crs):

Particulars FY15 FY13 FY12 FY11
Equity Paid Up 18.4 18.4 18.4 18.4
Networth 18 10 -3 4
Total Debt 124 93 66 80
Net Sales 558 275 257 291
Other Income 7 2.5 1.8 3.4
PAT 7.49 12.6 -6.24 -11.26
Book Value (Rs) 2 1 0 0
EPS (Rs) 0.81 1.34 -0.66 -1.20

 

The figures are of 18 months as of 31st March 2015 and others year ended 31th September.

 

 

 

 

 

 

 

 

 

 

 

 

Excerpts from Gaurav’s Blog

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when […] [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would […] [...]

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t […] [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , […] [...]

Yes Bank ~ Has the RBI & MOF lost it !? SEBI really is a bystander here Controversial Lock In Clause 3 Sub Clause 8 (a) in the Scheme of Reconstruction  No wonder the Finance Minister Mrs Nirmala Sitharaman, while highlighting only selected points, even when asked for details of the Scheme,did not want to […] [...]