Price
Financials
Standalone, Rs crore| Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 246 | 222 | 180 | 249 | 201 | 172 | 161 | 250 | 255 | 270 | 277 | 244 |
| Expenses | 166 | 209 | 211 | 255 | 184 | 196 | 144 | 240 | 181 | 214 | 220 | 194 |
| Operating Profit | 79 | 14 | -31 | -6 | 18 | -25 | 17 | 10 | 74 | 56 | 57 | 50 |
| OPM % | 32% | 6% | -17% | -2.5% | 9% | -14% | 11% | 3.9% | 29% | 21% | 20% | 20% |
| Other Income | 3 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Interest | 16 | 18 | 18 | 14 | 15 | 17 | 14 | 11 | 14 | 17 | 13 | 9 |
| Depreciation | 7 | 5 | 5 | 5 | 3 | 4 | 2 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 59 | -9 | -53 | -24 | 1 | -45 | 1 | -4 | 58 | 35 | 40 | 37 |
| Tax % | 35% | -35% | -34% | -35% | 5% | 0% | 62% | 6% | -4% | 35% | 54% | 61% |
| Net Profit | 39 | -6 | -35 | -16 | 1 | -45 | 0 | -4 | 60 | 23 | 18 | 14 |
| EPS in Rs | 33.28 | -5.00 | -29.93 | -13.48 | 0.68 | -38.59 | 0.31 | -3.74 | 51.67 | 19.70 | 15.85 | 12.19 |
| Jun 2006 | Jun 2007 | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Mar 2013 9m | Mar 2014 | Mar 2015 | Mar 2016 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 419 | 318 | 297 | 435 | 397 | 644 | 715 | 517 | 788 | 858 | 847 | 1,046 |
| Expenses | 350 | 340 | 263 | 360 | 392 | 583 | 649 | 437 | 730 | 865 | 770 | 810 |
| Operating Profit | 69 | -21 | 34 | 75 | 5 | 61 | 66 | 80 | 59 | -6 | 76 | 236 |
| OPM % | 16% | -7% | 12% | 17% | 1.3% | 9% | 9% | 16% | 7% | -0.7% | 9% | 23% |
| Other Income | 1 | 3 | 13 | 7 | 12 | 7 | -13 | 8 | 5 | 3 | 4 | 4 |
| Interest | 14 | 13 | 36 | 48 | 48 | 59 | 62 | 46 | 67 | 65 | 56 | 54 |
| Depreciation | 9 | 11 | 21 | 26 | 26 | 26 | 27 | 20 | 27 | 17 | 14 | 16 |
| Profit before tax | 47 | -43 | -9 | 8 | -57 | -17 | -36 | 23 | -31 | -85 | 10 | 170 |
| Tax % | 39% | -34% | -28% | 25% | -32% | -30% | -35% | 44% | -37% | -35% | -12% | |
| Net Profit | 29 | -28 | -6 | 6 | -39 | -12 | -23 | 13 | -19 | -55 | 11 | 115 |
| EPS in Rs | 24.67 | -24.36 | -5.42 | 5.41 | -33.67 | -10.52 | -20.04 | 10.91 | -16.72 | -47.73 | 9.65 | 99.41 |
| Dividend Payout % | 12% | 0% | 0% | 22% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 16% | 18% | 34% | ||
| Compounded Profit Growth | % | 18% | -4% | 341% | ||
| Stock Price CAGR | 0% | % | % | % | ||
| Return on Equity | -12% | -24% | -66% | 304% |
| Jun 2006 | Jun 2007 | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 94 | 128 | 121 | 126 | 87 | 74 | 51 | 64 | 44 | -13 | -2 |
| Borrowings | 183 | 346 | 518 | 419 | 504 | 509 | 528 | 576 | 669 | 624 | 662 |
| Other Liabilities | 59 | 132 | 84 | 80 | 109 | 70 | 126 | 381 | 356 | 430 | 385 |
| Total Liabilities | 342 | 618 | 735 | 636 | 711 | 666 | 716 | 1,032 | 1,081 | 1,052 | 1,056 |
| Fixed Assets | 120 | 246 | 369 | 411 | 395 | 373 | 352 | 336 | 363 | 345 | 331 |
| CWIP | 55 | 127 | 82 | 25 | 11 | 8 | 9 | 8 | 0 | 0 | 1 |
| Investments | 22 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Other Assets | 145 | 223 | 263 | 179 | 285 | 264 | 335 | 667 | 697 | 685 | 703 |
| Total Assets | 342 | 618 | 735 | 636 | 711 | 666 | 716 | 1,032 | 1,081 | 1,052 | 1,056 |
| Jun 2006 | Jun 2007 | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 96 | -23 | -39 | 165 | -37 | 65 | 16 | 6 | 13 | 117 | 22 |
| Cash from Investing Activity | -38 | -178 | -89 | -15 | -0 | -29 | 30 | -6 | -37 | -8 | 5 |
| Cash from Financing Activity | -55 | 201 | 127 | -149 | 39 | -35 | -47 | 2 | 24 | -109 | -19 |
| Net Cash Flow | 2 | -1 | -2 | 0 | 2 | 0 | -2 | 2 | -0 | 0 | 8 |
| Free Cash Flow | 55 | -207 | -130 | 148 | -40 | 60 | 8 | 1 | -28 | 113 | 15 |
| CFO/OP | 146% | 109% | -114% | 219% | -666% | 105% | 26% | 9% | 24% | -1,915% | 30% |
| Jun 2006 | Jun 2007 | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 7 | 13 | 13 | 10 | 7 | 19 | 19 | 8 | 16 | 18 |
| Inventory Days | 155 | 257 | 415 | 157 | 265 | 124 | 161 | 626 | 353 | 238 | 304 |
| Days Payable | 29 | 165 | 109 | 69 | 121 | 25 | 61 | 287 | 182 | 175 | 149 |
| Cash Conversion Cycle | 130 | 99 | 319 | 101 | 153 | 106 | 119 | 358 | 180 | 79 | 172 |
| Working Capital Days | 89 | 106 | 221 | 84 | 144 | 96 | 87 | 178 | 138 | 76 | 101 |
| ROCE % | -8% | 5% | 9% | -2% | 7% | 8% | 11% | 5% | -3% | 10% |
| Jun 2016 | Sep 2016 | Dec 2016 | |
|---|---|---|---|
| Promoters | 56.37% | 56.37% | 56.37% |
| FIIs | 0.00% | 0.04% | 0.00% |
| DIIs | 3.45% | 3.49% | 3.65% |
| Public | 40.19% | 40.11% | 39.99% |
| No. of Shareholders | 7,100 | 9,175 | 10,279 |
Fundamentals
Market Cap₹ 437 Cr.
Current Price₹ 378
Stock P/E3.79
Book Value₹ 69.5
ROCE10.2 %
ROE304 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)34%
Compounded Profit Growth (TTM)341%
Standalone figures.
Valuation
Market capRs 437 Cr
Enterprise valueRs 1,082 Cr
P/E (TTM)3.79x
Price to book46.74x
Price to sales0.42x
EV / EBITDA4.51x
EV / EBIT4.84x
EV / sales1.03x
Price to cash flow19.63x
Earnings yield26.42%
P/E, 3-year average11.13x
P/B, 3-year average-3.09x
P/E, 5-year average7.33x
P/B, 5-year average-1.60x
Profitability
Operating margin (excl. other income)9.00%
Operating margin (incl. other income)9.42%
EBITDA margin22.93%
Pre-tax margin16.24%
Net profit margin11.03%
Net margin, latest quarter5.79%
ROE300.40%
ROCE10.17%
ROA1.06%
ROE, 3-year average22.02%
ROCE, 3-year average4.14%
ROA, 3-year average-1.99%
ROE, 5-year average10.62%
ROCE, 5-year average5.57%
ROA, 5-year average-1.58%
ROIC (approx.)38.28%
Tax rate-12.01%
Other income / net worth38.76%
Growth
Sales growth (latest year)-1.39%
Sales CAGR, 3 years17.85%
Sales CAGR, 5 years5.63%
Profit CAGR, 3 years-4.01%
Sales growth QoQ-11.78%
Profit growth QoQ-23.11%
Sales growth YoY (latest quarter)-2.28%
Per share
EPS (TTM)Rs 99.78
EPS (latest year)Rs 9.68
EPS (latest quarter)Rs 12.23
EPS, 3-year averageRs -18.33
EPS, 5-year averageRs -12.84
Book value per shareRs 8.08
Sales per shareRs 904.91
Cash flow per shareRs 19.24
Free cash flow per shareRs 12.98
Efficiency
Asset turnover0.80x
Fixed asset turnover2.56x
Inventory turnover1.29x
Inventory days283 days
Debtor days18 days
Debtors turnover20.11x
Creditor days149 days
Cash conversion cycle172 days
Working capital days101 days
Leverage
Total debtRs 662 Cr
Cash and bankRs 17 Cr
Net debtRs 645 Cr
Debt to equity70.90x
Net debt / EBITDA2.69x
Interest coverage4.15x
Owners' fund to total sources0.88%
Debt to assets62.70%
Cash flow
Cash from Operating Activity (latest year)Rs 22 Cr
Cash from Investing Activity (latest year)Rs 5 Cr
Cash from Financing Activity (latest year)Rs -19 Cr
Net Cash Flow (latest year)Rs 8 Cr
Free cash flow (latest year)Rs 15 Cr
FCFE (approx.: FCF + change in debt)Rs 54 Cr
Sales to cash flow38.06x
Statement figures
Net sales (TTM)Rs 1,046 Cr
Net sales (latest year)Rs 847 Cr
Sales (latest quarter)Rs 244 Cr
Operating profit excl. other income (latest year)Rs 76 Cr
Operating profit (latest quarter)Rs 50 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 240 Cr
PBDT (TTM)Rs 186 Cr
Profit before tax (TTM)Rs 170 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs 115 Cr
Net profit (latest year)Rs 11 Cr
Net profit (latest quarter)Rs 14 Cr
Depreciation (TTM)Rs 16 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 54 Cr
Cost of goods sold (latest year)Rs 683 Cr
Total expenditure (latest year)Rs 770 Cr
Total income (latest year)Rs 850 Cr
Share capitalRs 12 Cr
ReservesRs -2 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 1,056 Cr
Net blockRs 331 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 21 Cr
ReceivablesRs 42 Cr
InventoryRs 529 Cr
Other liabilitiesRs 385 Cr
Shares outstanding (crore)1.16
Ownership
Promoter holding56.37%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | UPERGANGES | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +7.0% | -2.8% | +9.8 pts |
| 1 month | +6.0% | -6.8% | +12.8 pts |
| 3 months | +43.4% | -7.6% | +51.0 pts |
| 6 months | -7.4% | +0.4% | -7.8 pts |
| 1 year | +329.9% | -9.9% | +339.9 pts |
| 2 years | +1062.2% | -13.6% | +1075.7 pts |
| 3 years | +1144.5% | +14.2% | +1130.3 pts |
| 5 years | +805.8% | +27.9% | +777.9 pts |
Red flags
F-score 6 of 8| explain | Low interest cover Interest cover 1.2x in 2016 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Dec 2016Sales ₹244 Cr -2.4% vs Dec 2015.
Net profit ₹14 Cr +450.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Balrampur Chini Mills Ltd | 14,238 | 38.4 | 9.27 % |
| Triveni Engineering and Industries Ltd | 5,270 | 20.1 | 9.02 % |
| Shree Renuka Sugars Ltd | 4,798 | -3.06 % | |
| Bajaj Hindusthan Sugar Ltd | 4,777 | 36.9 | 3.11 % |
| Bannari Amman Sugars Ltd | 4,144 | 34.0 | 8.75 % |
| Dalmia Bharat Sugar & Industries Ltd | 3,334 | 16.2 | 8.18 % |
| Avadh Sugar & Energy Ltd | 1,601 | 23.8 | 6.83 % |
| M.V.K. Agro Food Product Ltd | 1,253 | 25.3 | 14.4 % |
| Uttam Sugar Mills Ltd | 1,110 | 12.6 | 11.4 % |
| Dhampur Sugar Mills Ltd | 1,102 | 15.7 | 6.43 % |
| Zuari Industries Ltd | 840 | 7.27 | 5.45 % |
| Dhampur Bio Organics Ltd | 831 | 32.5 | 4.98 % |
| Dwarikesh Sugar Industries Ltd | 803 | 55.4 | 4.62 % |
| Magadh Sugar & Energy Ltd | 759 | 14.7 | 7.75 % |
| Ugar Sugar Works Ltd | 650 | 22.5 | 9.00 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2016-09-08 | Annual General Meeting | |
| 2015-09-03 | Annual General Meeting | |
| 2014-09-09 | Annual General Meeting | |
| 2013-07-30 | Annual General Meeting | |
| 2012-11-22 | Annual General Meeting | |
| 2011-12-20 | Annual General Meeting | |
| 2010-12-15 | Annual General Meeting | |
| 2009-12-17 | Agm/Div-Rs.1.20 Per Share | |
| 2008-12-11 | Annual General Meeting | |
| 2007-11-26 | Agm | |
| 2006-11-01 | Agm/Div-Rs.5/- Per Sh | |
| 2006-06-09 | Rigts-Eq 13:20@Prem Rs140 | |
| 2006-03-20 | Agm |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Upper Ganges Sugar & Industries Ltd(Merged)?
Upper Ganges Sugar & Industries Ltd(Merged) (UPERGANGES) has a market capitalisation of Rs 437 Cr. at the 2017-03-22 close.
What is the P/E ratio of Upper Ganges Sugar & Industries Ltd(Merged)?
Upper Ganges Sugar & Industries Ltd(Merged) trades at a P/E of 3.79 on trailing twelve-month profit, at the 2017-03-22 close.
What were Upper Ganges Sugar & Industries Ltd(Merged)'s latest quarterly results?
In the Dec 2016 quarter, Upper Ganges Sugar & Industries Ltd(Merged) sales was Rs 244 Cr (-2.4% vs Dec 2015) and net profit was Rs 14 Cr.