Uttam Sugar Mills Ltd.

Financial

	Uttam Sugar Mills	Piccadily Agro Inds	Dwarikesh Sugar Inds
Operational Metrics
Sugar Sector
Sugar Recovery	10.57 %	10.05 %	8.12 %
Realization / Litre - Distillery	58.98 Rs/L	n/a	64.0 Rs/L
Realization / Unit - Cogeneration	4.02 Rs/Unit	n/a	3.4 Rs/Unit
Realization / Kg - Sugar	35.92 Rs/Kg	n/a	36.92 Rs/Kg
Financials
5 yr Average ROE	22.24 %	9.24 %	17.75 %
5yr average Equity Multiplier	4.97	2.75	2.65
5yr Average Asset Turnover Ratio	1.05	0.94	1.12
5yr Avg Net Profit Margin	4.76 %	3.56 %	6.41 %
Price to Book	2.21	19.45	1.63
P/E	8.48	60.21	16.03
5yr Avg Cash Conversion Cycle	87.11 Days	7.95 Days	106.28 Days
Inventory Days	190.95 Days	117.87 Days	180.79 Days
Days Receivable	9.64 Days	34.33 Days	9.21 Days
Days Payable	120.95 Days	161.09 Days	53.79 Days
5yr Average Interest Coverage Ratio	2.76	2.63	5.54
5yr Avg ROCE	31.04 %	16.12 %	19.45 %
5yr Avg Operating Profit Margin	13.02 %	10.66 %	12.58 %
5 yr average Debt to Equity	2.16	0.72	1.1
5yr CAGR Net Profit	16.29 %	59.99 %	1.96 %
5yr Average Return on Assets	5.16 %	3.47 %	6.97 %
Shareholdings
Promoter Holding	73.7 %	70.97 %	42.09 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-1.3 %	0.07 %	0.01 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	-3.91 %

Business

	Uttam Sugar Mills	Piccadily Agro Inds	Dwarikesh Sugar Inds
Product Wise Break-Up	Product Wise Break-Up Sugar 83.34 Distillery 10.33 Power 6.33 Molasses 0	Product Wise Break-Up Power 0 Distillery 65.4 Sugar 34.39 Molasses 0 Others 0.21	Product Wise Break-Up Power 2.31 Distillery 0 Sugar 69.59 Molasses 0.3 Others 27.8
Location Wise Break-Up	Location Wise Break-Up India 67.0 Rest of the World 0 Others 33.0	-	Location Wise Break-Up Rest of the World 16.87 India 83.13
Operating Profit Break-Up	Operating Profit Break-Up Sugar 80.05 Co-Generation 13.78 Distillery 6.17	Operating Profit Break-Up Distillery 90.56 Processed Sugar 9.44 Co-Generation 0	Operating Profit Break-Up Distillery 61.8 Sugar 38.2 Co-Generation 0
Capex	Capex Sugar 63.67 Distillery 34.21 Cogeneration 1.02 Co-generation 0 Others 1.1	-	Capex Co-Generation 29.28 Cogeneration 0 Distillery 58.86 Sugar 11.86
Asset Break-Up	Asset Break-Up Sugar 67.95 Distillery 25.14 Cogeneration 5.42 Others 1.49	Asset Break-Up Cogeneration 0 Distillery 81.74 Processed Sugar 18.26	Asset Break-Up Cogeneration 0 Distillery 0 Sugar 0 Others 100