K.M. Sugar Mills Ltd.
Snapshot View

34.40 +1.20 ▲3.6%

20 May 2022, 04:01:00 PM
Volume: 56,220

Overview View Details

Sector Agriculture Compare with Sector peers
Industry Sugar Compare with Industry peers
Website http://www.kmsugar.com
Market Cap 316.48 Cr.
Enterprise Value(EV) 343.31 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 4.43 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 7.76 Trailing Twelve Months Ending 2021-12
Industry PE 20.82 Trailing Twelve Months Ending 2021-12
Book Value / Share 26.96 Trailing Twelve Months Ending 2021-12
Price to Book Value 1.28 Calculated using Price: 34.40
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 9.20 Cr. 92,000,170 Shares
FaceValue 2
Company Profile

K M Sugar Mills Ltd. (KMSML) was originally formed as a partnership firm in 1950, known as Kamlapat Motilal at Kanpur; the founder partners were Singhanias and Jhunjhunwalas and they had set up a small sugar milling plant at Kanpur in the year 1942. The mill experienced acute shortage of cane and consequently the plant was shifted to the present site at village Masodha, P.O Motinagar, Dist. Faizabad between 1949 and 1950.

During the year 1971 the firm was converted into Private Limited Company known as K. M. Sugar Mills (Pvt.) Ltd., and got registered with the Registrar of Companies, Uttar Pradesh, Kanpur. The company became a deemed public company in the year 1974 in terms of provisions 43A of the Companies Act. The company was converted back to a Private Limited Company under section 43A (2A) of the Companies Act. in the year 2002. The company was again converted into a public limited company with effect from April 20, 2005

At the time of the conversion of the firm into a Private Limited Company in 1971, L. K. Jhunjhunwala joined as Managing Director. During the year 1979, Singhanias transferred their stake in the company to Jhunjhunwalas.

The company expanded the sugar cane crushing capacity from 1800 TCD to 2500 TCD in the year 1980 and crushing capacities were increased from 2500 TCD to 3500 TCD in the year 2000 and further to 4500 TCD in the year 2002. The company is now planning to increase its capacity upto 6500 TCD.

The company started a gas division for manufacturing of Industrial Oxygen Gas and Liquid Nitrogen in the year 1988 and the gas division was expanded to manufacture Dissolved Acetylene Gas in the year 2000. The technology of the gas division became obsolete over a period of time and management decided to close down this division in the year 2005.

The distillery division of company was set up in the year 1995 to manufacture Rectified Spirit (45 KLPD) and Extra Neutral Alcohol (20 KLPD). In the year 2003 the division started production of ethanol (30KLPD) and in the year 2004 the Extra Neutral Alcohol plant was modified to produce ethanal and thereby increasing the total ethanol production capacity to 50 KLPD.

The company started production of Bio-Fertilizer using the byproduct of the sugar and distillery division i.e. press mud and spent wash in the year 2000.The company has also received the ISO 9001:2000 certification in 2003 for manufacture of white sugar.

The present management of KMSM is vested with the board of directors comprising Mr. L. K. Jhunjhunwala as the chairman, Mr. Aditya Jhunjhunwala as Managing Director and Mr. Sanjay Jhunjhunwala as Jt. Managing Director and other directors as mentioned under the heading ‘Management’.

P.C. Jhunjhunwala was one of the promoters of the company. He shifted his base in early eighty’s to Mumbai to concentrate on his other business interests. Though he continued to be on the board as Non Executive Director, he did not take active interest in the business of the company due to his other business interests.

Product range of the company includes:

Sugar Unit

White Plantation Sugar: The company has sugar manufacturing facility in Faizabad district of Uttar Pradesh. The present capacity of the plant is 4500 TCD. The company manufactures and sells three grades of sugar viz. L 31, M 31 & S 31, made from white plantation sugarcane.They are in the process of the increasing the crushing capacities from 4500 TCD to 6500 TCD.The company manufactures White Crystal Sugar which is used for human consumption and in the industries like food and bevarage, soft drinks etc.

Refining of raw sugar: Apart from manufacturing sugar from sugar cane, the company has also set up sugar refining facilities. The company imported 10,000 MT of duty free raw sugar and converted it into white crystal sugar during the period January 2005 to April 2005. The company does not envisage any problem in meeting its export obligation.

Distillery Unit - KMSML 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. Out of total production of rectified spirit 85% is grade-I quality and 15% is Grade-II.

Bio Compost Unit

The Bio Compost unit manufactures bio fertilizer which is marketed in the name of ‘Moti Super’. The Bio Fertiliser is manufactured by utilizing the by-product of sugar unit, i.e. Press Mud and the  by-product of Distillery division, i.e. spent wash along with culture.The Bio Fertiliser is manufactured in their own plant with a process called ‘Triochem’ process, which takes around 45 days for converting press mud into bio-compost.

Ethanol- Ethanol is used for mixing in petrol. Presently in India 5% ethnol is allowed for mixing with petrol. Fuel Grade Ethanol Plant at Ahmednagar, Maharashtra.The company also proposes to set up a 60 KLPD Fuel Grade Ethanol plant in Ahmednagar, District, Maharashtra, at a total cost of Rs. 500 lacs.

Achievements/ recognition:

The company has also received the ISO 9001:2000 certification in 2003 for manufacture of white sugar.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+3.61%
1 Week
+10.79%
1 Month
-9.11%
3 Month
+15.24%
6 Month
+35.43%
1 Year
+77.78%
2 Year
+446.03%
5 Year
+40.98%
10 Year
+1628.64%
8 years 2013-09 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 128.71 54.72 50.93 66.02 26.70 19.08 10.40 13.10
Return on Capital Employed (%) 20.97 16.21 18.73 26.83 19.84 17.19 14.40 11.66
Return on Assets (%) 8.24 3.08 3.86 8.23 5.18 5.90 3.59 4.51

Balance Sheet View Details

Particulars 9 years 2013-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 10 18 29 57 84 169 187 213 239
Non Curr. Liab. 40 53 56 82 43 54 66 63 48
Curr. Liab. 103 258 187 263 192 277 279 355 76
Minority Int. 0 6 7
Equity & Liab. 153 328 278 409 319 500 532 631 363
Non Curr. Assets 58 68 70 142 115 184 201 203 194
Curr. Assets 95 261 208 267 204 316 331 428 170
Misc. Exp. not W/O
Total Assets 153 328 278 409 319 500 532 631 363

Profit Loss View Details

Particulars 9 years 2013-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 273 550 353 340 463 390 531 503 506
Other Income 3 7 6 9 37 14 11 5 6
Total Income 275 558 359 349 499 404 543 507 512
Total Expenditure -240 -520 -323 -291 -446 -352 -482 -447 -430
PBIDT 35 37 36 58 54 52 61 60 82
Interest -13 -14 -17 -8 -11 -8 -18 -11 -13
Depreciation -9 -14 -9 -12 -13 -12 -15 -15 -15
Taxation 0 -2 2 -10 -10 -8 -10 -8 -13
Exceptional Items
PAT 13 7 12 28 19 24 19 26 41
Minority Interest 0 0 0
Share Associate
Other Related Items 0
Consolidated Net Profit 13 7 12 28 19 24 19 26 41
Adjusted EPS 1 1 1 3 2 3 2 3 4

Cash Flow View Details

Particulars 8 years 2013-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -13 11 70 15 72 6 -3 7
Cash Fr. Inv. -5 -23 -12 -73 -11 -22 -28 -21
Cash Fr. Finan. 18 17 -53 60 -58 10 30 16
Net Change 0 5 4 2 2 -5 -1 2
Cash & Cash Eqvt 3 8 7 8 11 5 4 5

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 64.69 64.82 64.79 64.79 64.80 64.56 64.56 64.56 64.56
Public 35.31 35.18 35.21 35.21 35.20 35.44 35.44 35.44 35.44
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 26.83 26.78 26.79 26.79 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 11 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
K.M.Sugar Mills Limited has informed the Exchange about Newspaper Advertisements of the Notice of the Board Meeting in respect of Audited Standalone and Consolidated Financial Results of the Company for the quarter and the year ended 31st March 2022
Tue, 10 May 2022
Board Meeting Intimation for Consideration And Approval Of Audited-Standalone And Consolidated Financial Results Of The Company For The Quarter And The Year Ended 31St March 2022
K.M.SUGAR MILLS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2022 inter alia to consider and approve Audited-Standalone and Consolidated Financial Results of the Company for the quarter and the year ended 31st March 2022 inter-alia any other matter(s).
Tue, 26 Apr 2022
Clarification sought from K M Sugar Mills Ltd
The Exchange has sought clarification from K M Sugar Mills Ltd on April 25 2022 with reference to significant movement in price in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded.

The reply is awaited.

Technical Scans View Details

Fri, 20 May 2022
Opening at High Opening at High
High Decrease 1 Month High Decrease 1 Month
High Increase 3 Months High Increase 3 Months
High Increase 6 Months High Increase 6 Months
High Increase 1 Year High Increase 1 Year

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