Return on equity (ROE) signifies a company’s capacity to generate returns on investments made by its shareholders. Return on Equity (ROE) is the measure of a company’s net income divided by the value of its total shareholders’ equity.
Here are three sugar stocks with High ROE
Triveni Engineering and Industries Ltd
Triveni Engineering and Industries Ltd shares were trading at Rs 306.50 a share on Wednesday, up 1.01 percent from the previous close price and with a market capitalization of Rs 6,709 crore.
Profitability ratios are in a more favorable situation. The return on capital employed at 19.67 percent, the return on equity at 67.22 percent, and the company’s margin has increased to the point where the net profit margin is 31.60 percent.
The company’s revenue for the quarter ended June 30, 2023 (Q1FY24) is Rs 1,197 crore, a 2 percent decrease from the previous year quarter of Rs 1,225 crore. The net profit increased by 15 percent to Rs 67 crore from Rs 58 crore in the previous year quarter.
Triveni Engineering and Industries Ltd. is an Integrated and diversified conglomerate in the areas of sugar, ethanol, and engineering.
Ugar Sugar Works Ltd
Ugar Sugar Works Ltd shares were trading at Rs 108 a share on Wednesday, up 0.75 percent from the previous close price and the company has a market capitalization of Rs 1,215 crore.
Profitability ratios are in a good position, with the return on capital employed at 52.43 percent, the return on equity at 46.66 percent, and the company’s margin has increased to the point where the net profit margin is 5.74 percent.
The company’s revenue for the quarter ending June 30, 2023 (Q1FY24) is Rs 217 crore, a 35 percent decline from Rs 335 crore of the previous year. The net loss has risen to Rs 9 crore from profit of Rs 5 crore in the previous year’s quarter.
The Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and the generation and distribution of electricity.
Uttam Sugar Mills Ltd
Uttam Sugar Mills Ltd shares were trading at Rs 357.30 a share on Wednesday, up 0.70 percent from the previous close price and with a market capitalization of Rs 1,362 crore.
The company’s Profitability ratios are reported with The return on capital employed at 29.90 percent, the return on equity at 21.44 percent, and the company’s margin has increased to the point where the net profit margin is 6 percent.
The company’s revenue for the quarter ended June 30, 2023 (Q1FY24) is Rs 460 crore, a 24 percent decrease from the previous year’s of Rs 605 crore. The net profit declined by 19 percent to 30 crore from Rs 37 crore in the previous year’s quarter.
Uttam Sugar Mills Ltd. manufactures sugar, and industrial alcohol, and generates electricity.
Written by Omkar Chitnis
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