Andhra Sugars Ltd

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NSEBSE

114.054.40 (4.01%)

10:44 AM,21st Feb 2024

114.054.30 (3.92%)

10:55 AM,21st Feb 2024

BSE : 590062

NSE : ANDHRSUGAR

Sector : Industrials

ISIN Code : INE715B01021

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Last Updated: Feb 21 2024 | 10:55 AM IST

Market Cap (₹ Cr)

1545

Turnover (₹ Cr)

0.94

Volume (Shares)

828317

Face Value

2

52-WK High

129.25

52-WK High Date

08 Mar 2023

52-WK Low

100.50

52-WK Low Date

28 Mar 2023

All Time High

177.60

All Time High Date

22 Apr 2022

All Time Low

3.00

All Time Low Date

28 Jun 2000

Andhra Sugars Ltd

Andhra Sugars Ltd. incorporated in 1947 is engaged in the manufacture and sale of sugarOrganic and Inorganic Chemcials.Edible & Non-Edible Vegetable Oils and Non-Conventional Power Generation at Tanuku Kovvur Guntur Taduvai Saggonda and Ramagiri in Andhra Pradesh. The Tanuku Plant manufactures 5000 TCD of Sugars and Taduvai plant 2500 TCD. Its by-product Molasses which is the raw material for Sugar is being produced @ 15 KL per day capacity in the initial stage in the Alcohol plant at Tanuku. Later this was increased to 30 KL per day.Bagasse is being used for Co-generation of Electricity.The Caustic Soda plant is having production capacity of about 112000 MT per annum. The by-products for Caustic Soda plants are Hydrogen and Chlorine. The production capacities of Caustic Soda at Saggonda plant were increased from 100 TPD to 175 TPD to meet the future demand for Caustic Soda and other Chloro-alkali Industry products. Andhra Sugars also operates 2.025 MW Wind power at Ramagiri and a Co-generation power plant at Taduvai. Since the company owns 2 Caustic Soda plant where Electricity is the raw material along with saltit is necessary to have access to power at economical costs.In 1994 the company came out with the second public issue of Rs. 11.30 lac. The company modernised the plant to incorporate the DCDA process in its sulphuric acid plant and commissioned an aspirin granulation plant built with indigenous technology. A sulphuric acid plant of 250 tpd was set up at the new chemical complex at Saggonda. It came out with a rights issue of NCDs to part-finance the project. In Feb 2000 and Feb 2001 the company as per its Letter of Offer redeemed the first and second installement of NCD. JOCIL Andhra Farm Chemicals Corporation and Hindustan Allied Chemicals are the subsidiaries of the company. The Company purchased the assets of The West Godavari Co-operative Sugars Ltd. (WGCSL) Bhimadole West Godavari District Andhra Pradesh at a cost of Rs. 36 Crores during year 2004. The HTPB Plant was commissioned 2003-04. The crushing operations commenced at Sugar Unit III Bhimadole Plant effective from 01.01.2005. The expansion of Caustic Soda Plant at Saggonda from 200 TPD to 350 TPD was commissioned on 17 March 2005. Besides the UH-25 Plant was commissioned on 19th March 2005. The Company set up four Wind Generators of 1.65 MW each supplied by NEG Micon totalling to 6.60 MW at the Wind Farm located at Veeranam in Tirunelveli District of Tamil Nadu at an investment of Rs.38.60 Crores which got commissioned during 2006. Further the 350 TPD expanded capacity of the Caustic Soda Plant at Saggonda enabled the Company to increase production of Caustic Soda to cater to the increased market demand. A 300 TPD Sulphuric Acid Plant was installed at Saggonda during 2006. During 2007 the capacity of the Caustic Soda Plant at Saggonda was expanded to 400 TPD from 350 TPD. The Caustic Potash Plant was converted into an Energy Efficient Membrane Cell Technology. The capacity of Sodium Hypo Chlorite Plant at Kovvur expanded from 2 Tonnes per day chlorine to 10 Tonnes. A Potassium Carbonate Plant was set up at Tanuku costing Rs 5 Crores. The additional 50TPD capacity of Caustic Soda Plant at Saggonda came into operation during 2007-08. A 6000 TPA Monochloride Acetic Acid Plant was set up at Kovvur. The Poly Aluminium Chloride Plant commenced production in June 2010. The Potassium Carbonate Plant at Tanuku commenced commercial production in March 2010. During 2009-10 the Company established two more Wind Mills at Kundadam Village in Tamil Nadu in addition to the Wind Mills at Ramagiri in Ananthapur District of Andhra Pradesh and at the villages of Annaikulam and Kurichanpatti in Tirunelveli District of Tamil Nadu.In addition to Wind Mills established at Kundadam Annaikulam Kurichampatti and Surandai in Tamil Nadu and Ramagiri in Andhra Pradesh 5 MW Wind Turbine Generators at 4 locations at Palladam in Coimbatore district were established. These new Turbine Generators were commissioned during 2011-12. A 80TPD Energy Efficient Caustic Soda Flaking Plant became operational at Saggonda during year 2012-13. Again during 2013 a 40 TPD Hydrogen Peroxide Plant was set up at Saggonda. At Sugar Unit-III Bhimadole upgradation of 40 TPH Thermax Boiler and installation of new Sulphitation system Sugar and Bagasse handling systems 50 Ton Vacuum pan and various Steam economy measures viz. conversion of Quad as Quintuple Evaporator set Seed Melters Condensate Flash System Tubular Heaters using V3 for syrup and scalding juice were taken up and commissioned during 2012-13.

Andhra Sugars Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1545

EPS - TTM (₹) [S]

5.48

P/E Ratio (X) [S]

1.19

Face Value (₹) 2
Latest Dividend (%)100.00
Latest Dividend Date 15 Sep 2023
Dividend Yield (%) 1.82
Book Value Share (₹) [S]95.79
P/B Ratio (₹) [S]1.19
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Motilal Oswal Nifty Microcap 250 Index Fund-Reg (G) 0.60 52326 0.18
Motilal Oswal Nifty Microcap 250 Index Fund-Dir (G) 0.60 52326 0.18

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

111.10

117.25

Week Low/High

104.80

117.25

Month Low/High

104.80

120.00

Year Low/High

100.50

129.00

All time Low/High

10.42

178.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week5.90%5.85%1.611.53%
1 Month1.15%1.15%2.182.79%
3 Month4.68%4.78%10.6912.09%
6 Month8.31%8.31%11.9014.34%
1 Year-8.14%-8.14%20.2824.39%
3 Year95.83%96.06%43.4048.01%

Company Info

Company Information

Chairman & Managing Director : P Narendranath Chowdary

Joint Managing Director : M Narendranath

Joint Managing Director : M Thimmaraja

Joint Managing Director : P Achutaramayya

Independent Director : P Kotaiah

Independent Director : V S Raju

Executive Director : P S R V K Ranga Rao

Independent Director : P A Chowdary

Independent Director : D Manjulata

Independent Director : Parvataneni Venkateswara Rao

Registered Office: Venkatarayapuram, Tanuku,West Godavari,Andhra Pradesh-534215 Ph: 91-08819-224911

Email:info.tnk@theandhrasugars.com

URL:http://www.theandhrasugars.com