Andhra Sug­ars Ltd

Money Times - - Muhurat Picks -

(BSE Code: 590062) (CMP: Rs.370) (FV: Rs.10)

Andhra Sug­ars Ltd op­er­ates through 3 seg­ments: chem­i­cals, sugar and phar­ma­ceu­ti­cals. It de­rives ma­jor­ity of its rev­enue from the chem­i­cals seg­ment. It holds ma­jor­ity stake in Andhra Petro­chem­i­cals Ltd and Jocil Ltd. Dur­ing Q1FY19, it re­ported sales of Rs.246.84 crore with PAT of Rs.42.93 crore and an EPS of Rs.15.84. It paid 100% div­i­dend for FY18. The man­age­ment’s ef­forts to­wards de-risk­ing the com­pany from the cycli­cal na­ture of its com­mod­ity busi­ness are re­flected in its P&L state­ment. The stock trades cheap at a P/E of just 8.33x and has the po­ten­tial to de­liver up to 50% re­turns in the long-term.


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