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Avadh Sugar & Energy Ltd share Price Today

Company details

648.50
684.30
479.55
855.00
6M Return -5.37%
1Y Return 26.28%
Mkt Cap.(Cr) 1,306.27
Volume 141,671
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 141,671

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Incur '0' Brokerage upto ₹500
Uptick in ethanol volume, debt reduction to lift earnings
About The Stock

    Avadh Sugar has 31800 TCD sugarcane crushing capacity 325 KLD distillery capacity & 74 MW saleable power capacity. The company produces 6.0 lakh tonnes (lt) of sugar, 8 crore litre of ethanol & 15 crore units of saleable power.

    • The company has increased its distillery capacity from 240 KLD to 325 KLD with a capex of Rs 135 crore. This would help it increase its annual ethanol production to 11 crore litre
Q1FY23 Results

    Avadh reported sales growth of 11.2% led by strong ethanol sales

    • Sales up 11.2% to Rs 688.1 crore led by 47.3% growth in ethanol revenues
    • EBITDA was at Rs 64.2 crore, down 8.3% YoY, with margins at 9.3%
    • Consequent PAT was Rs 19.7 crore (up 3.9%) impacted by dip in EBITDA

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Sugar Manufacturing company Avadh Sugar & Energy announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Income in Q4FY24 at Rs 621 crore as against Rs 848 crore in Q4FY23.
  • EBITDA in Q4FY24 at Rs 122 crore as against Rs 142 crore in Q4FY23.
  • PAT in Q4FY24 at Rs 55 crore as against Rs 79 crore in Q4FY23

FY24 Financial Highlights:

  • Total Income in FY24 at Rs 2,697 crore as against Rs 2,807 crore in FY23.
  • EBITDA in FY24 at Rs 334 crore as against Rs 264 crore in FY23.
  • PAT in FY24 at Rs 128 crore as against Rs 100 crore in FY23.
  • The Board of Directors has recommended a Dividend of Rs 10 per share on Face Value of Rs 10 each.

Commenting on the results, C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said: " Despite challenges like lower production due to the impact of El Nino and Red Rot disease early in the year, alongside higher costs due to Uttar Pradesh's SAP hike and unforeseen regulatory constraints on sugar exports and ethanol diversion, we have remained resilient. The apprehensions of possible sugar shortage proved to be unfounded with an upward trend in sugar production for SS 2023-24 due to higher sugarcane yield in Maharashtra and Karnataka compared to previous estimates leading to a sense of optimism for industry as a whole in the near future.

At Avadh, our strategic vision is centered on seeking growth opportunities and harnessing them carefully to create enduring and sustainable value for our stakeholders. To achieve the growth, the company has now embarked on enhancing its sugarcane crushing capacity and improving energy efficiencies at its various units. Avadh is poised to confidently embrace the future and embark on the next exciting phase of growth”

Result PDF

View Other Company Results

Avadh Sugar & Energy Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong QoQ EPS Growth in recent results
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (3)

  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 675.1
R2 697.6
R3 710.9
Pivot

661.78

S1 639.3
S2 626.0
S3 603.5
EMA SMA
606.4
587.8
595.2
600.7
582.1
578.8
589.4
639.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-06-13 648.47 128286 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-06-13 649.01 128286 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-07 697.82 166126 NSE
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OUR RESEARCH VIEW

Investment recommendation
Uptick in ethanol volume, debt reduction to lift earnings
Call Date
08 Aug 2022
Entry Price 521.00
Target Price 790.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Avadh Sugar & Energy Ltd Stocks COMPARISON

Financials( in Cr) Avadh Sugar & Energy Ltd EID Parry (India) Ltd Shree Renuka Sugars Ltd Balrampur Chini Mills Ltd Triveni Engineering and Industries Ltd
Price 652.55 772.80 50.02 442.70 400.35
% Change -2.72 -1.39 -3.12 -0.16 -0.68
Mcap Cr 1,306.27 13,718.59 10,646.71 8,931.43 8,763.58
Revenue TTM Cr 2,798.01 35,243.80 9,020.75 4,665.86 5,616.84
Net Profit TTM Cr 100.24 1,827.74 -196.67 284.17 1,791.81
PE TTM 10.18 15.23 0.00 16.71 22.18
1 Year Return 26.28 61.96 13.30 10.73 39.88
ROCE 10.67 39.86 0.00 10.41 17.30
ROE 11.78 32.04 0.00 10.03 23.28
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 891.16 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Avadh Sugar & Energy Ltd Information

Stock PE (TTM)
10.18
Promoter Holding
60.39%
Book Value
513.6911
ROCE
10.67%
ROE
11.78%
Description
  • Avad Sugar & Energy Limited (ASEL), is a part of the prestigious K. K. Birla Group of Sugar Companies. Established since 1932, the Group is in sugar business over 7 decades and consequent upon various schemes of merger and demerger, this Company was incorporated in March 19, 2015. The Company is an integrated sugar player dealing in sugar, spirits & ethanol, co-generation, sanitizer and other by-products. The Company has operations in India and is primarily engaged in the manufacture and sale of sugar and its by-products like molasses, bagasse and press-mud, spirits including ethanol and power. The integrated sugar units have been designed as such to achieve optimization in process efficiencies, increase sugarcane recovery and increase energy efficiency as well as to reduce steam and power consumption. The Company has four sugar mills at Uttar Pradesh and a combined crushing capacity of 31,800 TCD (tons of cane per day). It has two distilleries with a total capacity of 200 KLPD ( kilo litre per day) and co-generation facilities with capacity of 74 MW. The Company has ability to convert ethanol from molasses, enabling it to service operations, maintenance and construction (OMC) contracts. It has 74 MW of bagasse-based power capacity of which surplus power is sold to the Uttar Pradesh Power Corporation Limited. Consequent to a Composite Scheme of Arrangement approved by National Company Law Tribunal (NCLT) on 2nd March, 2017, and its filing with the Registrar of Companies, Kanpur on 23rd March, 2017, the residual, The Oudh Sugar Mills Limited (OSML) comprising of the business undertakings located at Hargaon, District Sitapur, Dhadha Bujurg (Hata), District Kushinagar and Rosa, District Shahjahanpur in the State of Uttar Pradesh and the residual Upper Ganges Sugar & Industries Limited (UGSIL) comprising of the business undertaking located at Seohara, District Bijnor in the State of Uttar Pradesh had been transferred and amalgamated with the Company from the Appointed Date i.e. 1st April, 2015. Thereafter, its shares are listed on National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Calcutta Stock Exchange (CSE) with effect from 28th July, 2017. During the year 2021, the Company had applied for voluntary delisting of equity shares of the Company pursuant to the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations 2009. The same was approved and equity shares of the Company were delisted on Calcutta Stock Exchange (CSE) w.e.f February 19, 2021.

Registered Address

P O Hargaon, , Sitapur, Uttar Pradesh, 261121

Tel : 91-05862-256220
Email : birlasugar:birla-sugar.com
Website : http://www.avadhsugar.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540649
NSE Code : AVADHSUGAR
Book Closure Date (Month) : Jul
BSE Group : B
ISIN : INE349W01017

FAQ’s on Avadh Sugar & Energy Ltd Shares

You can buy Avadh Sugar & Energy Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Avadh Sugar & Energy Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:59 PM the closing price of Avadh Sugar & Energy Ltd was Rs.652.55.

The latest PE ratio of Avadh Sugar & Energy Ltd as of Jun 24, 2024 03:59 PM is 10.18

The latest PB ratio of Avadh Sugar & Energy Ltd as of Jun 24, 2024 03:59 PM is 0.79

The 52-week high of Avadh Sugar & Energy Ltd share price is Rs. 855.00 while the 52-week low is Rs. 479.55

According to analyst recommendations, Avadh Sugar & Energy Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 03:59 PM, the market cap of Avadh Sugar & Energy Ltd stood at Rs. 1,306.27 Cr.

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