Thiru Arooran Sugars (Delisted) share price

BSE: 507450Agricultural Food & other Products

THIRU AROORAN SUGARS LTD · Formerly Thiru Arooran Sugar Industries · Face value ₹10 · Listed Sep 1990

Last traded ₹6.80 on 31 May 2021

Delisted on 20 Nov 2023.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Nov 2023

    • 13 Nov · Delisting

      Members of the Exchange are hereby informed that the admission to dealings in securities of the company Thiru Arooran Sugars Limited shall be withdrawn (delisted) w.e.f. November 20, 2023 pursuant to Order dated May 02, 2022 by the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, in accordance with the scheme of Compromise and Arrangement under Section 230 (1) and Section 66 of Companies Act, 2013 together read with the Insolvency and Bankruptcy Code (IBC), 2016, NCLT rules 2016 and Regulation 3(2)(b)(i) of the SEBI (Delisting) Regulations, 2021.
  2. May 2022

  3. Mar 2022

  4. Jan 2022

Share price history

Daily closes since Jan 2007, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008, May 2008 to Jul 2010, in Dec 2010, in Jan 2011, in Mar 2011, in May 2011, in May 2011, in Jul 2011, in Jul 2011, in Oct 2011, in Nov 2011, in Dec 2011, in Dec 2011, in Mar 2012, in Mar 2012, in Apr 2012, in Jul 2012, in Aug 2012, in Aug 2012, in Aug 2012, in Sep 2012, in Oct 2012, in Jan 2013, in Jan 2013, in Feb 2013, in Feb 2013, in Feb 2013, in Mar 2013, in Mar 2013, in Apr 2013, in Apr 2013, in Apr 2013, in May 2013, in May 2013, in May 2013, in Jun 2013, in Jul 2013, in Jul 2013, Jul 2013 to Aug 2013, Aug 2013 to Sep 2013, in Sep 2013, in Oct 2013, in Oct 2013, in Nov 2013, in Nov 2013, in Dec 2013, in Jan 2014, in Jan 2014, in Jan 2014, in Feb 2014, in Feb 2014, in Mar 2014, in Mar 2014, in Mar 2014, in Apr 2014, in Apr 2014, in Apr 2014, in May 2014, in May 2014, in May 2014, in Jun 2014, in Jun 2014, in Jun 2014, in Jul 2014, in Jul 2014, in Jul 2014, in Aug 2014, in Aug 2014, in Aug 2014, in Aug 2014, in Aug 2014, in Sep 2014, in Sep 2014, in May 2015, in Jul 2019, in Sep 2019, in Oct 2019, in Oct 2019, in Nov 2019, in Dec 2019, in Dec 2019, in Dec 2019, in Dec 2019, in Feb 2020, in Feb 2020, in Feb 2020, in Mar 2020, in Mar 2020, in Apr 2020, in Apr 2020, in Jul 2020, in Jul 2020, in Aug 2020, in Sep 2020, in Sep 2020, in Oct 2020, in Oct 2020, in Nov 2020, in Nov 2020, in Nov 2020, in Dec 2020, in Jan 2021, in Jan 2021, in Apr 2021 and in Apr 2021, adjusted for splits and bonuses

Daily close, ₹ per share

Q3 results, quarter to Dec 2018

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹4.40 Cr−51.7% on a year ago · +42.5% on the quarter before
Operating profit
−₹6.82 Cr
Net profit
−₹17 Cr
Earnings per share
−₹14.89
Operating margin
−154.9%
Net margin
−382.8%

From revenue to net profit, ₹ crore

  1. Revenue4.4
  2. Materials and goods−5.1
  3. Employee costs−2.3
  4. Other expenses−3.7
  5. Operating profit−6.8
  6. Depreciation−1.8
  7. Other income0.0
  8. Finance costs−17
  9. Profit before tax−25
  10. Tax+8.3
  11. Net profit−17

Thiru Arooran Sugars results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2018. Results for the quarter to Mar 2019 were due by 30 May 2019, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
Mar 1659−6.6Jun 1673−5.5Sep 1638−6.0Dec 166613Mar 17640.1Jun 1796−18Sep 179.1−9.7Dec 1733−17Mar 1823−18Jun 183.1−27Sep 184.4−17Dec 18
A loss in 9 of the 11 quarters with results on record

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
33.7%−940.3%−3.0%0.8%−1.8%33.7%3.3%−18.3%−111.2%−27.3%−71.7%−940.3%−154.9%−11.3%−7.5%−15.7%20.0%0.2%−19.2%−106.7%−52.3%−78.0%−883.6%−382.8%Mar 16Sep 16Mar 17Sep 17Mar 18Sep 18Dec 18
₹ croreMar 2014Jun 2014Sep 2014Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3
Revenue from operations64511032390453176–5973386664969332334
384710031118683291–60723944621131942393211
Materials and goods bought20369123102572580–4561292851899261885
Employee costs–––––––5–4––4–333332
Other expenses–––––––7–11––12–2171319224
Operating profit before depreciation2633−8−29−24−1−15–−21−1222−17−10−9−16−29−7
Operating margin41.0%6.5%3.1%−32.9%−31.7%−52.4%−2.9%−20.3%–−3.0%0.8%−1.8%33.7%3.3%−18.3%−111.2%−27.3%−71.7%−940.3%−154.9%
Depreciation and amortisation42221222–22222222222
Other income020016000–00057−25−4000
Finance costs171313111614149–7776767791017
Profit before one-off items and tax6−10−12−20−29−39−16−26–−10−8−9200−27−15−22−27−41−25
One-off items––––10––––––––––0000
Profit before tax6−10−12−20−28−39−16−26–−10−8−9200−27−15−22−27−41−25
1−3−4−7−9−13−5−16–−3−3−360−9−5−4−9−13−8
Tax rate20.6%–––––––––––32.4%51.7%––––––
Net profit4−7−8−14−19−26−11−10–−7−5−6130−18−10−17−18−27−17
Other comprehensive income––––––––––––––––−5000
Total comprehensive income––––––––––––––––−22−18−27−17
Net margin6.9%−13.2%−8.0%−59.6%−20.7%−58.6%−35.8%−13.4%–−11.3%−7.5%−15.7%20.0%0.2%−19.2%−106.7%−52.3%−78.0%−883.6%−382.8%
Earnings per share––––––––––––₹11.70₹0.11−₹16.20−₹8.59−₹15.33−₹15.82−₹24.13−₹14.89
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2016.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2017, the company's revenue for the year to Mar 2017, ₹231 Cr, differs from its quarters added, ₹236 Cr. From the quarter to Sep 2017, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.

Segment results by quarter

Standalone from the quarter to Jun 2018, consolidated before, ₹ crore, quarters to Dec 2018.

  • Sugar

    Revenue, ₹ crore
    Profit, ₹ crore
  • Distillery

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2018Jun 2018Sep 2018Dec 2018
Revenue of all businesses–2534
Company revenue, as in its results–2334
Revenue01914
Profit0−4−13−5
Margin–−21.8%−1,935.7%−126.7%
Assets–293292260
Liabilities–282409396
Capital employed–10−117−136
Revenue0620
0–––
Profit is before tax and finance costs, the way companies report their segments.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to September, then December, then March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
3371.5Sep 08Dec 094342.8Dec 10Mar 123432.4Mar 13193−16Mar 14267−47Mar 15Mar 16231−4.8Mar 17202−4580Mar 18
A loss in 4 of the 7 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
18.9%−22.4%2.0%4.6%10.8%18.9%−11.1%8.9%−17.1%0.4%0.6%0.7%−8.2%−17.7%−2.1%−22.4%Sep 08Dec 10Mar 13Mar 15Mar 17Mar 18

The company moved its year end from September to December: its last year to September on record ended in Sep 2008, its first year to December in Dec 2010. The company moved its year end from December to March: its last year to December on record ended in Dec 2010, its first year to March in Mar 2013.

The years either side of a change of basis do not compare. From the year to Mar 2017, the company's revenue for that year, ₹231 Cr, differs from its quarters added, ₹236 Cr.

Results for the year to Mar 2018

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue202
  2. Materials and goods−174
  3. Employee costs−13
  4. Other expenses−49
  5. Operating profit−35
  6. Depreciation−7.6
  7. Other income+5.6
  8. One-off items0.0
  9. Finance costs−27
  10. Profit before tax−63
  11. Tax+18
  12. Net profit−45

What the company owns

  • Plant, investments and other assets₹500 Cr
  • Inventory₹76 Cr
  • Receivables₹9 Cr
  • Cash and bank₹2 Cr

What pays for it: net worth and liabilities

  • Other liabilities₹255 Cr
  • Owed to suppliers₹197 Cr
  • Borrowings₹80 Cr
  • Net worth₹55 Cr

Profit and loss

Standalone, ₹ crore, years to September, then December, then March. No results on record for the years to Dec 2009, Mar 2012 and Mar 2016. The last column is the twelve months to Dec 2018, the latest four quarters added.

₹ croreSep 2008Dec 2009Dec 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Dec 2018Twelve months
Revenue from operations337–434–343193267–23120264
330–414–306157297–210237125
Materials and goods bought121–294–239105252–16317457
Employee costs––––––––151311
Other expenses––––––––324958
Operating profit before depreciation7–20–3736−30–21−35−61
Operating margin2.0%–4.6%–10.8%18.9%−11.1%–8.9%−17.1%−96.5%
Materials, % of revenue––––––––70.8%86.3%89.0%
Employee costs, % of revenue––––––––6.4%6.5%16.8%
Other expenses, % of revenue––––––––13.8%24.3%90.7%
Depreciation and amortisation12–13–14158–887
Operating profit after depreciation−6–7–2321−37–13−42−69
Other income32–1–0019–66−3
Finance costs22–28–234553–262742
Profit before one-off items and tax––−20–0−24−71–−7−63−114
One-off items––21–4−11––00
Profit before tax4–2–5−25−70–−7−63−114
3–−1–2−9−23–−3−18−35
Net profit1–3–2−16−47–−5−45−79
Other comprehensive income–––––––––−5−5
Total comprehensive income–––––––––−50−84
Net margin0.4%–0.6%–0.7%−8.2%−17.7%–−2.1%−22.4%−124.8%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Sep 2008, Dec 2010, Mar 2013, Mar 2014 and Mar 2015 they do not, so they are left blank.

Balance sheet

Standalone, ₹ crore, at 30 September, then 31 December, then 31 March.

₹ croreMar 2018
55
Share capital11
Reserves43
Borrowings80
357
174
Total assets586
423
163
Net debt78
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Sep 2008, Dec 2010, Mar 2013, Mar 2014, Mar 2015 and Mar 2017, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to September, then December, then March.

₹ per shareMar 2017Mar 2018
Earnings per share−₹4.22−₹40.01
Diluted earnings per share−₹4.22−₹40.01
Book value per share–₹48.31
Market cap at the year end (₹ crore)–34.9

Ratios

Standalone, years to September, then December, then March.

RatioSep 2008Dec 2009Dec 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue growth−3.2%––––−43.6%38.0%––−12.4%
Operating profit growth–––––−2.0%––––
Return on equity–––––––––−82.8%
Return on capital employed–––––––––−31.3%
Interest cover––0.3–1.00.5––0.5–
Debt to equity–––––––––1.46
Receivable days–––––––––15
Inventory days–––––––––158
Payable days–––––––––411
Cash conversion cycle, days–––––––––−238
Working capital days–––––––––−210
Asset turnover–––––––––0.35
Assets per rupee of net worth–––––––––10.71
Sales per rupee of plant–––––––––0.96
Plant being built, % of plant in use–––––––––3.7%
Interest cover is left blank for the years to Sep 2008, Mar 2015 and Mar 2018: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Sep 2008, Dec 2010, Mar 2013, Mar 2014, Mar 2015 and Mar 2017, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2018.

Return on assets, latest year
−7.7%
Measure5 years3 years
Operating margin, average−0.1%−4.1%
Net margin, average−12.6%−12.2%

Accounting checks

Standalone, years to September, then December, then March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckDec 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Effective tax ratePublished threshold 17.16 per cent−66.83–49.70–––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Where the return came from

Yearly rates to Mar 2018, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−46.5%––0.0%
3 years+6.7%––0.0%
5 years−12.5%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Thiru Arooran Sugars share price by year

Each calendar year to 2021.

YearClose at year endChangeHighest closeLowest close
2021BSE close6.80+54.5%8.554.00
2020BSE close4.40+54.9%4.932.65
2019BSE close2.84−88.4%32.302.65
201824.50−58.5%60.5021.55
201759.00+2.3%80.1553.30
201657.65+37.1%118.9032.00
2015BSE close42.05+3.2%53.6524.60
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2021 close is its last trade, on 31 May 2021.

Recent sessions

The 10 trading days to 31 May 2021, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
31 May 20217.307.306.806.806.8711,181
28 May 20217.007.206.607.156.8513,296
27 May 20216.907.256.906.907.064,141
26 May 20217.257.257.257.257.254,082
25 May 20217.807.807.607.607.604,816
24 May 20218.058.057.357.957.6714,319
21 May 20218.508.507.707.707.783,953
20 May 20218.208.207.508.108.1921,714
19 May 20217.808.207.657.858.034,372
18 May 20217.808.057.658.007.9112,186
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
14 Oct 2020Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Each event is noted and not adjusted for.

Company details

BSE code
507450
ISIN
INE409A01015
Industry
Agricultural Food & other Products
Former symbols
THIRUSUGAR
CIN
L15421TN1954PLC002915
Corporate identity number, the registrar of companies' code for it
Incorporated
1954
Registered office
Eldorado, V Floor, 112 Nungambakkam High Road, Uthamar Gandhi Salai, Chennai 600034, Tamil Nadu
Share registrar
Integrated Registry Management Services Pvt. Ltd (Integrated Enterprises (India) Ltd)
Keeps the register of shareholders and handles transfers and dividend payments